American Electric Power climbs on Q2 profit beat

Shares of utility company American Electric Power AEP.O rise 1.4% at $110.75 in premarket trading

AEP beats Q2 profit estimates on higher electricity rates

Co posts adjusted Q2 profit of $1.43 per share, compared with analysts' avg. expectation of $1.27 - data compiled by LSEG

AEP expects to announce new five-year capital plan of about $70 billion this fall to meet growing energy needs in U.S.

Up to last close, stock up 18.4% YTD