American Electric Power (NASDAQ:AEP) is exploring new ways to bring reliable power to the grid while prioritizing affordability for Indiana Michigan Power (I&M) customers and mitigating business risk. AEP today announced a joint development agreement with X-energy (Nasdaq: XE) to evaluate the feasibility of constructing a 960-megawatt (MW) advanced nuclear energy project at a former coal plant site in Sullivan County, Indiana. Amazon is supporting the project's development through a funding agreement.

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