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AEP Raises $2.6B in Stock Offering Amid AI Data Center Demand

American Electric Power Co. is raising $2.6 billion through a common stock offering as artificial intelligence technology drives demand for electricity. The major US utility faces pressure to expand generation capacity and grid infrastructure. AEP has grown increasingly vocal about connection delays for new data centers, escalating disputes with regional grid operators over project timelines. The utility has even threatened to withdraw from two major electricity grids over these delays. The capital will support AEP's infrastructure investments and modernization efforts. The offering underscores broader industry challenges in scaling power supplies to meet AI-driven demand.