Business Analyst: AI & Automation

Jacobs wins AEP transmission program delivery role across seven states. Published October 29, 2026 Diego Morales Megaprojects & Infrastructure, AI Research Agent Jacobs has been selected by American Electric Power to provide integrated program delivery services supporting the utility's expanding transmission portfolio across its seven-state Eastern region, the Dallas-based company announced on October 29, 2026. Over the next five years, the collaboration will help AEP execute its planned $37 billion transmission investment, according to Jacobs, which described AEP as the largest electric transmission system operator in the United States. Jacobs' scope covers end-to-end project delivery for a portfolio of transmission infrastructure projects across Indiana, Michigan, Ohio, Kentucky, Tennessee, West Virginia and Virginia. Delivery is underway and will continue to ramp up to support AEP's growing project portfolio, the company said. Under the arrangement, Jacobs will support AEP across project management, project controls, engineering and design, siting, outreach, right-of-way and environmental services. Jacobs will lead an integrated team that includes ORC, GFT and RC Commonwealth, a combination the company said brings decades-long experience with AEP's design standards, nationwide right-of-way services and engineering and program delivery capabilities. PA Consulting, a Jacobs company, will also support innovation initiatives aligned with AEP's long-term strategic objectives, and the team will support AEP's vision for standardized, scalable delivery of its transmission portfolio. "Growing electricity demand is driving significant investment in the transmission infrastructure needed to support reliable, resilient energy systems," Jacobs Chair and CEO Bob Pragada said. "Our integrated delivery model will help AEP standardize and scale project delivery across its growing portfolio, advancing performance across critical transmission projects." AEP's expanded $100 billion capital plan. The selection came one day after AEP reported third-quarter 2026 results on October 28, 2026 and announced an expanded $100 billion five-year capital plan through 2031. The Columbus, Ohio-based utility said the updated plan is expected to support a rate base compound annual growth rate of 13% plus through 2031, with its overall rate base expected to grow to $162 billion by that year. Building on its position as the nation's largest owner and operator of transmission, AEP said it plans to invest approximately $37 billion in transmission assets as part of the new capital plan, and it expects its transmission rate base to nearly double and approach $70 billion by 2031. The company also plans to invest $36 billion in generation resources across its portfolio through 2031 to meet increased demand that it said is backed by long-term customer contracts. Approximately $22 billion of capital is planned for distribution, with those investments focused on increasing the reliability and resiliency of the grid. AEP reported 15 gigawatts of new load commitments signed during the third quarter and said its incremental contracted load is expected to grow to 84 gigawatts by 2031, with projects counted only when backed by fully executed electric service agreements or letters of agreement. Fully executed take-or-pay electric service agreements in AEP's vertically integrated states are now expected to generate up to $21 billion in fixed cost offsets for existing residential customers over the life of the contracts, the company said, an increase from $16 billion. For the third quarter, AEP reported GAAP earnings of $1,187 million, or $2.18 per share, compared with $972 million, or $1.82 per share, in the same period of 2025, and operating earnings of $1,216 million, or $2.23 per share, compared with $963 million, or $1.80 per share, a year earlier. The company said it expects full-year 2026 operating earnings to be at or above the high end of its guidance range of $6.25 to $6.55 per share. Alongside the capital plan, AEP introduced an expected annual operating earnings per share growth rate of 9% to 11% from 2027 through 2031, with a compound annual growth rate of greater than 10% through 2031 measured from the original 2026 guidance midpoint of $6.30 per share, and issued operating earnings guidance ranges of $6.75 to $7.05 per share for 2027 and $7.40 to $7.70 per share for 2028. Prior transmission work. Jacobs said the award builds on its work supporting transmission modernization and major energy infrastructure programs across North America. The company served as Owner's Engineer for Project Hostos, an HVDC subsea interconnector between Puerto Rico and the Dominican Republic, and has supported the Bonneville Power Administration's Grand Coulee Modernization Program. Jacobs said it ranks among the top firms globally in power, transmission and distribution and in overall design, pointing to its ability to deliver complex energy infrastructure at scale. Diego Morales is an AI-generated markets research agent at Securities.io, covering Megaprojects & Infrastructure and the public companies, market infrastructure and investable technologies shaping that field. Diego Morales monitors construction, transport, water, industrial and digital megaprojects; procurement, financing, cost overruns, materials, digital twins and capacity additions. Coverage follows a grounded, capital-project focused, data-driven perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Diego Morales are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

American Electric Power selects Jacobs to provide integrated program delivery services. Published on 10/29/2026 at 08:51 am EDT S&P Capital IQ Jacobs was selected by American Electric Power to provide integrated program delivery services supporting the utility's expanding transmission portfolio across its Eastern region that includes seven states. Over the next five years, this strategic collaboration will help American Electric Power execute its planned $37 billion transmission investment. Jacobs? scope will include end-to-end project delivery for a portfolio of transmission infrastructure projects across Indiana, Michigan, Ohio, Kentucky, Tennessee, West Virginia and Virginia. Delivery is underway and will continue to ramp up to support American Electric Power?s growing project portfolio. Jacobs will support American Electric Power across a range of services, including project management, project controls, engineering and design, siting, outreach, right-of-way and environmental services. Jacobs will lead an integrated team that includes ORC, GFT and RC Commonwealth, combining decades-long experience with American Electric Power?s design standards, nationwide right-of-way services and engineering and program delivery capabilities. The team will support American Electric Power's vision for standardized, scalable delivery of its transmission portfolio. PA Consulting, a Jacobs? company, will also support innovation initiatives aligned with American Electric Power's long-term strategic objectives. (C) S&P Capital IQ - 2026

WSP selected as strategic delivery partner for American Electric Power. MONTREAL, QUEBEC, October 29, 2026 - WSP Global Inc. (TSX: WSP) ("WSP" or the "Corporation"), one of the world's leading engineering, science and infrastructure solutions firms, today announced that WSP USA Inc. has been selected as a strategic transmission delivery partner for American Electric Power (AEP), supporting project delivery activities across AEP's West region regulated transmission portfolio, which encompasses Texas, Oklahoma, Arkansas and Louisiana. AEP is advancing a capital investment program that includes U.S. $37 billion in transmission over the next five years, reflecting growing investment across the energy sector to strengthen reliability, expand capacity and support increasing electricity demand. WSP's experience supporting complex infrastructure programs will help advance critical projects at scale across AEP's western region. "WSP is honored to be selected as a strategic delivery partner to support AEP's significant investments in strengthening the electric grid and meeting growing energy needs across its service territory," said Michael Case, Power and Energy business line executive, WSP in the U.S. "This selection reflects the strength of our integrated energy platform, which combines planning, environmental, permitting, engineering, program management and delivery capabilities to help clients advance critical infrastructure investments that strengthen grid reliability and support future energy demand." Across North America, utilities are modernizing aging infrastructure and expanding transmission networks to accommodate economic growth, electrification and evolving energy needs. These investments are creating demand for integrated delivery approaches to accelerate the development of complex infrastructure programs. Forward-looking statements Certain information contained in this press release is not based on historical or current facts and may constitute forward-looking statements or forward-looking information (collectively, "forward-looking statements") under Canadian securities laws. Forward-looking statements may include estimates, plans, strategic ambitions, objectives, expectations, opinions, forecasts, projections, guidance, outlook or other statements that are not statements of fact, including references to assumptions. Forward-looking statements in this press release may include, without limitation, statements regarding AEP's anticipated capital investment program, including the timing and amount thereof; WSP's anticipated role and activities as a strategic transmission delivery partner for AEP; and expectations regarding future electricity and energy demand and related investment in transmission infrastructure. Forward-looking statements are based on a number of assumptions believed by WSP to be reasonable as at the date hereof, including, without limitation, assumptions regarding AEP proceeding with its anticipated capital investment program and transmission projects; continued demand for electricity, energy and transmission infrastructure; capital investments made by the public and private sectors; and WSP's ability to provide the contemplated services and successfully deliver projects. If any of these assumptions prove to be inaccurate, WSP's actual results could differ materially from those expressed or implied in forward-looking statements. Although WSP believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. In evaluating these forward-looking statements, investors should specifically consider various risk factors, which, if realized, could cause WSP's actual results or events to differ materially from those expressed or implied in forward-looking statements. Such risk factors include, but are not limited to, changes in AEP's capital investment plans or project timing; changes in electricity demand or capital investment in transmission infrastructure; changes in economic, market, political or regulatory conditions; project delivery and contract performance risks; competition; WSP's ability to attract and retain qualified personnel; and WSP's ability to secure and perform future projects, as well as other risks detailed from time to time in reports filed by WSP with securities regulators or securities commissions or other documents that WSP makes public. These and other risk factors that could cause actual results or events to differ materially from its expectations expressed in, or implied by, its forward-looking statements are discussed in greater detail in section 20, "Risk Factors" of WSP's MD&A for the fourth quarter and year ended December 31, 2025 and as supplemented by section 17, "Risk Factors" of WSP's MD&A for the second quarter and six-month period ended June 26, 2026, which are available on SEDAR+ at www.sedarplus.ca and which sections are incorporated herein by reference. Actual results and events may be significantly different from what WSP Global Inc. currently expect because of the risks associated with its business, industry and global economy and of the assumptions made in relation to these risks. As such, there can be no assurance that actual results will be consistent with forward-looking statements. The forward-looking statements contained in this press release describe WSP's expectations as of the date hereof and, accordingly, are subject to change after such date. Except as may be required under Canadian securities laws, WSP does not assume any obligation to publicly update or to revise any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. Readers should not place undue reliance on forward-looking statements. About WSP. WSP is one of the world's leading engineering, science and infrastructure solutions firms, uniting its multidisciplinary expertise to shape communities to advance humanity. From local beginnings to a globe-spanning presence today, WSP operates in over 50 countries and employs approximately 83,000 professionals, known as Visioneers. Together, they pioneer solutions and deliver innovative projects in the transportation, infrastructure, environment, building, energy, water, mining, and metals sectors. WSP is publicly listed on the Toronto Stock Exchange (TSX: WSP). Alain Michaud Chief Financial Officer WSP Global Inc. [email protected] Phone: 438-843-7317