American Electric Power Signs Agreements With Quanta Service To Execute Announced $72B Capital Plan To Enhance Supply Chain Resilience, Expand Development Capabilities

Author: Benzinga Newsdesk | November 05, 2025 08:15am

American Electric Power (Nasdaq: AEP) today announced long-term strategic agreements with Quanta Services, Inc. (NYSE:PWR) designed to position AEP to execute on its announced $72 billion capital plan including delivery of high-voltage transmission, while enhancing supply chain resilience and expanding development capabilities to serve customers, including the rapidly growing data center market.

The collaboration includes a Cooperation and Commitment Agreement for transmission projects, and a Development Services Agreement for large transformer and breaker manufacturing. Together, these efforts position AEP and Quanta to deliver greater efficiency, constructability and certainty in meeting the energy needs of customers today and in the future.

Posted In: AEP PWR