American Electric Power planned to invest in its regulated businesses and renewable generation as it continues to transform and build a cleaner, more modern energy system. The company plans to invest $38 billion in capital from 2022 through 2026 with an emphasis on transmission, distribution and renewable energy. The company will allocate $23.3 billion to transmission and distribution operations to construct a more efficient grid and deliver custom energy solutions to customers. During the same period, the company plans to invest $8.2 billion in regulated renewable generation and $1.7 billion in competitive, contracted renewable projects.