AEP projects power demand to nearly double by 2030 driven by Ohio and Texas data centers

American Electric Power (AEP) anticipates a near doubling of its total power generation by 2030, from approximately 32 gigawatts today to 63 gigawatts. AEP President and CEO Bill Fehrman stated that about 90 percent of this projected growth in demand stems from large-scale data center development, particularly in Ohio and Texas. Meeting this increased demand, with about 53 gigawatts concentrated in Ohio and Texas, necessitates substantial investment in new transmission infrastructure and additional power generation. Fehrman noted that while AEP believes it excels at constructing these systems, such large-scale investments could lead to higher electricity costs for customers. The utility is actively working with large commercial users, including data center operators, to help manage these costs and minimize the impact on residential customers, emphasizing affordability. The U.S. Energy Information Administration reported a 22 percent year-over-year increase in Ohio's electricity industry revenue in 2026. However, utilities like American Electric Power Ohio have faced public opposition and regulatory scrutiny from the Public Utilities Commission of Ohio over past rate increase proposals tied to infrastructure expansion. AEP's long-term capital plan includes approximately $78 billion in investments over five years to prepare for this projected demand. Utility rate decisions and new generation approvals will continue to undergo state-level review as demand escalates.