Reported 1 day ago
American Electric Power (AEP) will sell a 19.9% equity interest in AEP Ohio Transmission and AEP Indiana Michigan Transmission to a consortium of KKR and Canada’s PSP Investments for $2.82 billion. This deal is part of AEP's strategy to finance a $54 billion capital growth plan aimed at expanding its transmission and distribution infrastructure in the Midwest. The transaction is expected to close in the second half of the year, pending regulatory approvals.
Source: YAHOO