Budget Analyst Senior
About the job
- A Bachelor's degree in Business, Accounting, Finance, or Engineering and at least 4 years of relevant experience, or an Associate's degree in Business, Accounting, Finance, or Engineering and at least 6 years of relevant experience.
- Strong knowledge of PeopleSoft, Cognos Business Intelligence, and variance analysis, with prior utility company experience.
- Prior experience in a functional business unit such as Generation, Transmission, or Distribution; Corporate Finance; Operating Company finance; or an engineering-related field is preferred.
- Knowledge or utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting is desired.
- Familiarity with AEP accounting and use of Chartfields is desired.
- Coordination across corporate finance, corporate planning and budgeting, accounting and tax, commercial operations, generation and transmission, and regulatory functions is required.
- Support planning and budgeting activities for the O&M and Capital resource allocation process, including long-range forecasts, detail budgets, re-projections, and contingency plans.
- Prepare monthly and quarterly variance reports and analyze their drivers.
- Prepare ad-hoc reports to support analysis.
- Support decisions affecting operation and maintenance activities, capital investment, customer service levels, and profitability objectives.
- Assist with routing and approval for Improvement Requisitions, ensuring that Authorization Policy and IR Procedures are followed.
- Develop and improve standardized processes for budgeting, forecasting, reporting, and Improvement Requisitions.
- Perform special studies, analyses, investigations, and other assigned work.
- Provide assistance in regulatory proceedings related to financial matters, including data requests, revenue requirements, and special studies for Commissions.
- Support Financial Model issues and work with Financial Forecasting and the OPCO/business units to resolve potential issues.
- Prior experience in a functional business unit such as Generation, Transmission, or Distribution; Corporate Finance; Operating Company finance; or an engineering-related field.
- Knowledge or utilization of UI Budgets, PeopleSoft, Microsoft Office, and Business Objects relational database reporting.
- Familiarity with AEP accounting and use of Chartfields.
About the company
American Electric Power (AEP) is a large U.S. electric utility that generates, transmits, and distributes electricity to more than five million customers across 11 states. It uses a mix of power sources—coal, natural gas, nuclear, and growing renewable energy—to run a wide network of transmission lines that deliver electricity from plants to homes and businesses. Revenue comes mainly from selling electricity, with rates regulated by state and federal authorities. AEP’s scale, its extensive transmission grid, and its mix of regulated services distinguish it from smaller utilities and pure energy producers. The company aims to provide reliable electric service, manage energy costs, and pursue a gradual shift toward cleaner energy while complying with regulatory requirements.
Company Size
10,001+
Company Stage
IPO
Headquarters
Columbus, Ohio
Founded
1906
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Simplify's Take
What believers are saying
- July 30, 2026: AEP raised guidance to $6.25–$6.55 after strong first-half execution.
- AEP’s $78 billion 2026–2030 capex plan fuels rate-base growth and earnings expansion.
- Longview acquisition and South Texas upgrades position AEP for industrial and AI demand.
What critics are saying
- ERCOT approvals and transmission buildouts delay 45 GW of Texas contracted load.
- SEC’s 2025 enforcement order and $19 million penalty keep governance scrutiny alive.
- If 69 GW of signed load never energizes, AEP carries $78 billion of underearning assets.
What makes American Electric Power unique
- AEP’s regulated network spans 11 states, giving unmatched transmission scale and local rate bases.
- July 2026: AEP booked 69 GW contracted load, mostly Texas data-center demand.
- AEP controls 13 GW of secured gas turbines, pairing load growth with generation buildout.
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Benefits
Health Insurance
401(k) Retirement Plan
401(k) Company Match
Paid Vacation
Growth & Insights and Company News
6 month growth
2%1 year growth
2%2 year growth
3%American Electric Power (AEP) has secured a loan of up to $3.26 billion from the US Department of Energy's Office of Energy Dominance Financing. The money will go to its AEP Texas subsidiary to strengthen and modernise the Texas grid. The financing is expected to cut electricity costs for more than one million Texas households and businesses by about $685 million over 30 years. It should also improve grid reliability and support jobs. Guinness Global Real Assets Fund highlighted the utility in its third-quarter 2026 investor letter. On October 12, 2026, AEP shares closed at about $124.23, giving the company a market capitalisation of about $67.77 billion.
Wells Fargo keeps their Buy rating on American Electric Power (AEP). Sep. 12, 2026, 01:15 PM Wells Fargo analyst Shahriar Pourreza maintained a Buy rating on American Electric Power yesterday and set a price target of $148.00. The company's shares closed yesterday at $123.33. Pourreza covers the Utilities sector, focusing on stocks such as Public Service Enterprise, NRG Energy, and Vistra Corp. According to TipRanks, Pourreza has an average return of 5.9% and a 54.64% success rate on recommended stocks. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for American Electric Power with a $141.33 average price target, which is a 14.59% upside from current levels. In a report released on September 9, TD Cowen also maintained a Buy rating on the stock with a $149.00 price target. Based on American Electric Power's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $5.45 billion and a net profit of $713 million. In comparison, last year the company earned a revenue of $5.09 billion and had a net profit of $1.23 billion Read More on AEP:
American Electric Power (AEP) has underperformed the S&P 500, falling 2.6% over the past three months whilst the index rose 1.8%. Over the past year, AEP gained 14.6% compared to the S&P 500's 18.7% return. The Columbus, Ohio-based electric utility holding company, valued at $67.8 billion, has declined 11.4% from its 52-week high of $140.58 reached on 7 July. The stock has traded below its 200-day moving average since August. On 30 July, AEP shares fell 1.3% following mixed second-quarter results. Whilst revenue of $5.5 billion exceeded expectations, adjusted earnings per share of $1.36 missed Wall Street forecasts. Wall Street analysts maintain a "Moderate Buy" consensus on AEP, with a mean price target of $141.71 suggesting 13.8% upside potential.
Fowler: AEP its investing more than a billion dollars in electricity upgrades in South Texas. Dale Fowler, manager of economic and business development for AEP Texas. (Photo credit: Ron Whitlock/Ron Whitlock Reports) Posted Friday, August 21, 2026 10:28 am I just want to say that with respect Beverley question on what is AEP physically doing to help meet the challenges of the new load... you're correct. Today's marketplace and the interest in Texas and certainly the Rio Grande Valley from prospective industries is greater than ever before. Not only are the number of projects greater than ever before, but the size in terms of electrical requests seems to be larger than Rio Grande Guardian has ever seen in the past. So, I think it was back in late 2021, AEP Texas embarked on what Rio Grande Guardian call the Rio Grande Valley Transmission Improvements Project. Some of you are starting now to see the finishing up portions of that. It is over a billion dollars of investment, and about 190 miles of 345-kilovolt transmission upgrades. 345 is the largest transmission that Rio Grande Guardian has in Texas today, and almost 109 miles are here in the Rio Grande Valley to help beef things up. To help improve resiliency and reliability for the Rio Grande Valley. Much of that is to help do those things for the customers Rio Grande Guardian has, and also with some headroom for new industry. You may have also seen some of AEP's 138-kilovolt projects, such as at Highway 34 down along the (Port of Brownsville) ship channel. There's a new 138-kV line down there, recently built to help serve some of the larger industry that's coming in there. So that's what's happening. What Rio Grande Guardian is proposing to have happen and Rio Grande Guardian recently filed, or I guess it was late last year... Rio Grande Guardian filed with the Electrical Living Council of Texas, or ERCOT regional planning group. Like Mike said earlier, the RPG is basically a regional planning group study. It's its proposal to help justify the need for more large transmission in the Rio Grande Valley. And so Rio Grande Guardian is anxious to see how that turns out because obviously Rio Grande Guardian would like to build more. Rio Grande Guardian think there's going to be a need for more, and as more large loads come to this region, Rio Grande Guardian is going to be there to help serve that. It's important to note that ERCOT... because I heard the concern about folks saying how is this going to negatively impact things... I got this from the open comments... that it will negatively impact Rio Grande Guardian. Well, that's ERCOT's job and their role as that air traffic controller. And with some of the various projects, I have had to tell them that it could take three years to get them power or maybe longer. Well, that's because ERCOT requires Rio Grande Guardian to upgrade the transmission system to the capacity and capability of handling that new load before they energize, so that it doesn't negatively impact the rest of the customers. So that's an important component that you need to be aware of. Editor's Note: The above remarks were delivered by Dale Fowler, manager of economic and business development for AEP Texas. Fowler delivered them at a forum titled "Powering Texas and Regional Growth. "It was co-hosted by the Institute of Leadership in Capital Projects and Harlingen Economic Development Corporation and held at Harlingen Convention Center. Editor's Note: The "Beverly" Flower referenced was Beverly Loftus, chief operating officer of Harlingen EDC. The "Mike" Fowler referenced was Mike Hoke, director of public engagement for the Public Utility Commission of Texas. Other items that may interest you
AEP to buy coal-fired power plant in West Virginia. Interest in fossil-fuel electricity generation seen rising amid data centre boom Michael Marray 12 Aug 2026 American Electric Power (AEP) has announced plans to purchase the 710-megawatt Longview Power Plant in Monongalia County, West Virginia.