Niskanen Center Examines American Electric Power Company, Inc. (AEP)’s Place In The US Transmission Grid

American Electric Power Company, Inc. (NASDAQ:AEP) is among 10 Best Performing Electrical Infrastructure Stocks in 2025. 

On December 5, 2025, American Electric Power Company, Inc. (NASDAQ:AEP)’s place in the US transmission grid was thoroughly examined by Rachel Levine, a Senior Transmission Policy Analyst for the Climate and Energy team at the Niskanen Center. The analyst claims that the U.S. grid is dominated by alternating current, with transmission voltages that range from 100 kV to 765 kV. While the grid has over 500,000 miles of HVAC lines, only roughly 10,000 miles run at 765 kV, accounting for less than 1% of total transmission mileage. The company has the largest network of 765 kV transmission lines in the United States, covering more miles than all of the other utilities combined.

According to analyst Rachel Levine, American Electric Power Company, Inc. (NASDAQ:AEP) assets are already present in the service territories of all four regional grid operators in the United States that are seeking 765 kV expansion. More than 400 miles of new 765 kV lines have been approved by PJM Interconnection. ERCOT decided against extending its 345 kV network in favor of a new 765 kV development. The Southwest Power Pool declared a 765 kV overlay throughout the Plains, whereas MISO selected 765 kV lines for its Tranche 2 expansion after considering several options.

Separately, on December 12, 2025, TheFly reported that JPMorgan had raised the price target for American Electric Power Company, Inc. (NASDAQ:AEP). Jeremy Tonet, a JPMorgan analyst, boosted the company’s price objective from $121 to $125 and kept the shares’ Neutral rating. The modification is a result of new valuation models used by JPMorgan’s utilities coverage group in North America.

American Electric Power Company, Inc. (NASDAQ:AEP) is one of the major regulated utilities in the United States. It provides electricity generation, transmission, and distribution to over 5 million customers across 11 states.

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