# Who are American Electric Power's customers? Who does American Electric Power earn revenue from?
Canonical: https://valuechain.wiki/aep · Facet: customers · Updated: 2026-07-12T08:25:13.203903+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: American Electric Power discloses no named confirmed revenue counterparties; 2 relationships are tracked as undisclosed/aggregate. Per the valuechain.wiki graph: 2 revenue edges, backed by 4 dated sources, 2 of them primary filings (as of 2026-07-12).

### 데이터센터·산업 (부하) (high)
- metric: capacity 63 GW · by 2030 · Contracted datacenter load +63GW by 2030 (~90% DC), ~$78B 5-yr capex, 7GW new in Q1 2026, FY2026 EPS guidance $6.15-6.45
- note: Datacenter load commitments (+24GW by 2030) are the growth start — a regulated utility absorbs the demand via grid CAPEX that grows rate base.
- [confirms] TIKR (EN, research, published 2026-03-01) https://www.tikr.com/blog/american-electric-power-stock-has-a-145-mean-target-and-63-gigawatts-of-contracted-load-to-back-it: "TIKR: 63GW of contracted load backs the capital plan; $145 mean target. Datacenter load converts into rate-base growth."
- [confirms] US SEC (EDGAR) (EN, filing, published 2026-02-12) https://www.sec.gov/Archives/edgar/data/4904/000000490426000011/a4q20258kpressreleaseex991.htm: "4Q2025 results: contracted datacenter load raised to 63GW by 2030, ~$78B 5-yr capex, FY2026 EPS guidance $6.15-6.45, long-term CAGR >9%."
- [confirms] SEC EDGAR (EN, filing, published 2026-02-01) https://www.sec.gov/Archives/edgar/data/0000004904/000000490426000011/a4q20258kpressreleaseex991.htm: "Power to datacenter and industrial load (+24GW by 2030)."
- [confirms] Utility Dive (EN, research, published 2025-01-01) https://www.utilitydive.com/news/aep-data-centers-texas-ercot-crypto-pjm/756491/: "Power to datacenter and industrial load (+24GW by 2030)."

### 소매·송배전 (규제) (high)
- note: Regulated retail and T&D are the stable rate-base revenue floor onto which datacenter load stacks as CAPEX growth.
- [confirms] SEC EDGAR (EN, filing, published 2026-02-01) https://www.sec.gov/Archives/edgar/data/0000004904/000000490426000011/a4q20258kpressreleaseex991.htm: "Regulated retail and T&D revenue."

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