Corpus Christi – October 12, 2026 -- AEP Texas, a subsidiary of American Electric Power (Nasdaq: AEP), has agreed to a loan of up to $3.26 billion from the U.S. Department of Energy's Office of Energy Dominance Financing, with projected customer savings of $685 million over 30 years.

The financing will fund a portfolio of nearly 100 projects aimed at improving grid reliability and supporting load growth in one of the fastest-growing regions in the United States.