American Electric Power (AEP) earnings: The 56GW AI forecast and the $8B bill

AEP posted a double-digit revenue drop on mild weather, yet the narrative shifted immediately to a massive, unexpected doubling of their data center backlog.In ~10 minutes:* Why the 2030 load forecast jumped to 56 GW in one quarter.* The "Letter of Agreement" mechanism de-risking Texas builds.* A surprise $2.65B pivot to Bloom Energy fuel cells in Wyoming.* The looming question of how to fund $8B in new capex.The hosts break down how a traditional utility is aggressively pivoting to act like a tech infrastructure company, effectively becoming the "plumbing" for the AI revolution. They discuss the tension between signing papers for power and the physical reality of putting steel in the ground, plus the regulatory risks of prioritizing data centers over residential rates.American Electric Power Company, Inc. (AEP) | Q4 FY2025AI-assisted production. Feedback/ticker requests: https://x.com/EarnUnscripted.