AEP Secures Minority Equity Interest Investment in Ohio and Indiana & Michigan Transmission Companies
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American Electric Power (AEP) has entered into a strategic partnership with KKR and PSP Investments, selling a 19.9% equity interest in its Ohio and Indiana & Michigan Transmission Companies for $2.82 billion. This transaction will support AEP's $54 billion capital investment plan over the next five years.
January 09, 2025 | 8:15 pm
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AEP has sold a 19.9% equity interest in its Ohio and Indiana & Michigan Transmission Companies to KKR and PSP Investments for $2.82 billion. This move is part of AEP's strategy to support its $54 billion capital investment plan over the next five years.
The sale of a minority stake in AEP's transmission companies provides significant capital to support its extensive investment plan, likely strengthening its financial position and enhancing reliability for customers. This is a positive development for AEP's stock in the short term.
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