American Electric Power Company, Inc. (NASDAQ:AEP) is one of the Best Conservative Stocks to Buy Right Now. On March 20, the U.S. Department of Energy, SB Energy, and AEP Ohio made an announcement about planned multi-billion-dollar investments focused on advanced digital and energy infrastructure. This is expected to help data center growth and fuel development in Appalachian Ohio. To provide a brief context, AEP Ohio is the unit of American Electric Power Company, Inc. (NASDAQ:AEP).

On approval, the investments are expected to consist of new 765-kilovolt (kV) electric transmission infrastructure. While SB Energy will pay for the $4.2 billion in new transmission investments, helping avoid increases to transmission rates for the Ohio residents, AEP Ohio anticipates power to start being delivered to site in 2029. Thanks to the data centers, Ohio continues to see rapid demand growth in electricity across the nation.

While the initial transmission line route planning remains in progress, AEP Ohio has been preparing to interact with community members and landowners.

American Electric Power Company Inc. (NASDAQ:AEP) operates as a massive, vertically integrated utility holding company.

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