AEP Stock Slips 0.2% as Oklahoma Settlement Cuts PSO Rate Request by 75.6%
American Electric Power (AEP) stock saw a slight dip after a partial settlement in Oklahoma significantly reduced its Public Service Company of Oklahoma (PSO) rate increase request by 75.6%, from $299 million to $73 million. While the requested return on equity also fell, the agreement includes provisions like an expanded transmission-cost rider that could shorten recovery lags for AEP's investments. Investors are now keenly awaiting the final regulatory order, large-load tariff decisions, and interim bill reconciliations to fully assess the impact on AEP's investment strategy.