AEP Secures Minority Equity Interest Investment in Ohio and …

Jan 9, 2025 · A 50/50 strategic partnership between KKR and PSP Investments agrees to acquire 19.9% non-controlling equity interest in two AEP Transcos for $2.82 billion Transaction …

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AEP Secures Minority Equity Interest Investment In Ohio And …

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Jan 9, 2025 · A 50/50 strategic partnership between KKR and PSP Investments agrees to acquire 19.9% non-controlling equity interest in two AEP Transcos for $2.82 billion Transaction …

aep.com

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AEP Sells Stake In Transmission Companies For $2.82B

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2 days ago · American Electric Power (AEP) on Jan. 9 announced a major deal to sell a 19.9-percent stake in its Ohio and Indiana & Michigan Transmission Companies (Transcos) to KKR …

dailyenergyinsider.com

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AEP To Divest Stake In Transmission Companies To KKR, PSP For …

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5 days ago · American Electric Power (AEP) has entered into a strategic partnership with KKR and PSP Investments to sell a 19.9% equity interest in its Ohio and Indiana & Michigan …

yahoo.com

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American Electric Power Sells 19.9% Stake In Two Transmission …

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5 days ago · American Electric Power has entered into a $2.82 billion deal with KKR and PSP Investments with respece to a 19.9% stake in its Ohio and Indiana & Michigan Transmission …

benzinga.com

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AEP To Sell Stake In Transmission Companies To KKR-PSP …

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6 days ago · American Electric Power will sell private-equity firm KKR and Canada’s Public Sector Pension Investment Board a 19.9% equity interest in AEP Ohio Transmission, or OHTCo, and …

utilitylatest.com

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AEP Inks $2.8B Deal To Sell Stake In Some Transmission Companies

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2 days ago · American Electric Power Co. Inc. executives have struck a deal to have two private-equity heavyweights acquire a minority stake in two of its transmission-only utilities. KKR and …

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AEP Secures Minority Equity Interest Investment In Ohio And …

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Jan 9, 2025 · The proceeds will support AEP's five-year, $54 billion capital growth plan, which includes investments in transmission, distribution and generation projects and will offset a …

morningstar.com

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KKR And PSP To Buy AEP Transmission Stake For $2.8 Billion (1)

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6 days ago · American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP Investments for $2.8 billion. The investment firms …

bloomberglaw.com

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KKR And PSP To Buy AEP Transmission Stake For $2.8 Billion

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6 days ago · American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP Investments for $2.8 billion.

bloomberg.com

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American Electric Power Sells 19.9% Stake In Two Transmission …

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5 days ago · American Electric Power Sells 19.9% Stake In Two Transmission Assets For $2.82B: Details. American Electric Power Company Inc (NASDAQ:AEP) shares are trading higher in …

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AEP Secures Minority Equity Interest Investment In Ohio And …

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6 days ago · American Electric Power (AEP) has announced a strategic partnership where KKR and PSP Investments will acquire a 19.9% equity interest in AEP's Ohio and Indiana & …

stocktitan.net

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American Electric Asset Sale Eases Balance Sheet Overhang, Says …

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5 days ago · After American Electric (AEP) Power announced the sale of a minority equity interest in its transmission assets as consortium formed by KKR and PSP will acquire a 19.9% …

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AEP To Sell Minority Stake In Utility Transmission Businesses For $2.8B

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5 days ago · (IIB Photo/Alex Brown) Ohio-based American Electric Power on Friday announced a plan to sell a minority stake in two of its subsidiaries, including one headquartered in Indiana, …

insideindianabusiness.com

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AEP: Stake Sold Of Transmission Companies For $2.82 Billion

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Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments), which is one of Canada’s largest pension investors, announced an agreement to …

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American Electric To Sell 19.9% Equity Interest In Two Transcos For …

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Jan 9, 2025 · American Electric Power (AEP) announced a definitive agreement for a strategic partnership between KKR (KKR) and PSP Investments to acquire a 19.9% equity interest in …

businessinsider.com

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KKR And PSP To Take Minority Stake In AEP's Transmission …

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6 days ago · KKR and PSP Investments have agreed to acquire a minority stake in American Electric Power (AEP)’s Ohio and Indiana and Michigan transmission companies for $2.82 billion.

pehub.com

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DOE Unveils 10 Potential ‘national Interest’ Transmission Corridors ...

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May 8, 2024 · AEP to sell stake in transmission companies to KKR-PSP consortium for $2.8B By Ethan Howland Public Citizen challenges cost allocation for $546M PSE&G transmission project

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American Electric Power Sells 19.9% Stake In Two Transmission …

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6 days ago · American Electric Power has entered into a $2.82 billion deal with KKR and PSP Investments with respece to a 19.9% stake in its Ohio and Indiana Michigan Transmission …

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Electric Rates & Providers In Bergen County, NJ - FindEnergy

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Nov 12, 2024 · E nergy loss in Bergen County averages out to about 3.37% of all electricity transmitted by the 2 companies that operate in the county and also report energy loss. The …

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FAQs about AEP Secures Minority Equity Interest Investment in Ohio and … Coupon?

Will AEP divest stake in transmission companies to KKR & PSP?

"AEP to divest stake in transmission companies to KKR, PSP for $2.82bn" was originally created and published by Power Technology, a GlobalData owned brand. AEP plans to use the proceeds to support its five-year, $54bn capital growth plan. ...

Why did AEP acquire a stake?

The stake acquired represents roughly 5% of AEP’s overall transmission rate base. The capital raised through this transaction will fund key projects across transmission, distribution, and generation, helping AEP manage its equity financing requirements through 2029. ...

Are American Electric Power (AEP) shares trading higher in premarket Friday?

American Electric Power Company Inc (NASDAQ: AEP) shares are trading higher in premarket Friday. ...

How will AEP's transaction affect employees and customers?

The transaction is expected to enhance AEP’s earnings and credit profile upon closing. It will not result in any changes for employees and customers. AEP’s employees will continue operating and maintaining transcos assets, while states and customers may benefit from increased economic development opportunities. ...

What is AEP's minority equity interest?

This minority equity interest accounts for approximately 5% of AEP’s total transmission rate base, allowing the company to finance its growing Midwest business segment efficiently. AEP plans to use the proceeds to support its five-year, $54bn capital growth plan. ...

Who is the financial advisor for AEP?

J.P. Morgan Securities is serving as the exclusive financial advisor to AEP, with Morgan Lewis & Bockius providing legal counsel. "AEP to divest stake in transmission companies to KKR, PSP for $2.82bn" was originally created and published by Power Technology, a GlobalData owned brand. ...