American Electric Power gains on increased capex plan

Shares of U.S. utility American Electric Power AEP.O up 3.2% at $118.80 in premarket trade

Co raises its five-year capital spending plan to $72 billion from $54 billion to meet unprecedented power requirements

Q3 total operating revenue rose nearly 11% to $6.01 billion compared with a year ago

AEP posts adjusted Q3 profit of $1.80 per share, narrowly missing estimate of $1.81 per share - data compiled by LSEG

As of last close, AEP shares up 24.8% YTD