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AI "supercycle" drives a 33% surge in capital expenditure at American Electric Power (AEP); CEO says "electricity price increases will remain within a reasonable range."

AI "supercycle" drives a 33% surge in capital expenditure at American Electric Power (AEP); CEO says "electricity price increases will remain within a reasonable range."

Driven by the wave of artificial intelligence-powered data center demand, the U.S. electricity industry is ushering in a “super cycle.” American Electric Power (AEP) has significantly raised its capital expenditure plan to respond to unprecedented growth in electricity load. On October 29 local time, this major U.S. utility
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