Why did AEP's other fees fluctuate in 2023?

The fluctuation in American Electric Power's (AEP) other fees in 2023 can be attributed to several factors: 1. **Market Conditions and Client Demand**: The increase in general and administrative expenses in Q2 2023 was primarily due to higher fees related to economic hedging activities, which can be influenced by market conditions and client demand. 2. **Strategic Investments and Operational Changes**: AEP's investments in a modern, reliable energy system to meet customer needs while keeping rates affordable may have impacted fees. Additionally, the company's focus on restructuring and cost reduction through programs like Aon United may have temporarily increased expenses. These factors, among others, contribute to the fluctuation of AEP's other fees in 2023.