GLONGHUI, November 6 | Utility giant American Electric Company announced third-quarter results. Revenue increased slightly by 0.1% year over year to 5.4 billion US dollars. Analysts expected 5.434 billion US dollars; net profit was 0.9596 billion US dollars, or 1.8 US dollars per share, compared to 1.83 US dollars in the same period last year. The commercial load during the period increased by more than 10% compared to the same period last year. American Electric expects its commercial load to grow by an average of 20% per year over the next three years. The company has signed contracts to increase commercial and industrial loads by 20 gigawatts by 2030, mainly in Ohio, Texas, and Indiana. In terms of guidance, American Electric lowered its 2024 earnings forecast and now expects earnings per share to be between $5.55 and $5.65, compared to the previous target of $5.56 to $5.76. The target operating profit for 2025 will be between $5.75 and $5.95 per share, in line with the long-term growth target of 6 to 8%.