AEP Secures Minority Equity Interest Investment in Ohio and …
2 days ago · 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 provides highly efficient financing to support AEP’s five-year, $54 billion capital investment plan, enhance reliability for customers and strengthen balance sheet American Electric Power today announced a definitive agreement ...
KKR and PSP Investments Acquire Minority Stake in Two …
1 day ago · KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition. AEP is a fully regulated electric utility that serves 5.6 million retail and wholesale customers across ...
AEP to divest stake in transmission companies to KKR, PSP for …
13 hours 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 transcos. These companies are transmission-only utilities responsible for building, owning and operating transmission infrastructure and are regulated by the Federal Energy ...
KKR, PSP acquire minority stake in two of AEP Ohio's transmission ...
8 hours ago · KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition. – Thinkstock / Tholer “We are thrilled to strategically partner with the best-in-class leader in transmission in the US, and are impressed with AEP’s deep operational capabilities, highly experienced leadership team, and its history of innovation ...
KKR and PSP to Buy AEP Transmission Stake for $2.8 Billion
1 day ago · (Bloomberg) -- 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. Most Read from BloombergWhat ...
KKR and PSP buy stake in US electric power companies for $2.82bn
9 hours ago · US private firm KKR and Canadian pension fund PSP Investments have agreed to acquire a 19.9% interest in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82bn (€2.7bn). The investment will support AEP’s ability to meet increasing customer demand and enhance grid reliability.
AEP to sell stake in transmission companies to KKR-PSP …
16 hours ago · The 19.9% equity stake KKR and PSP is buying represents about 5% of AEP’s total transmission rate base. OHTCo has about $6.3 billion in net plant and IMTCo has about $4.1 billion in net plant ...
KKR, PSP Investments To Buy Minority Stake In AEP's Ohio And …
21 hours ago · KKR, PSP Investments acquire minority stake in two American Electric companies TipRanks 1d American Electric to sell 19.9% equity interest in two Transcos for $2.82B
KKR, PSP Investments Partner to Buy Stake in Two American …
1 day ago · KKR is funding the deal from its core infrastructure strategy, it added. In the deal, KKR and PSP will obtain a stake in AEP's Ohio and Indiana transmission company, as well as its Michigan ...
KKR, PSP Investments acquire minority stake in two American …
2 days ago · KKR and PSP Investments have formed a 50/50 strategic partnership to pursue the acquisition,” the companies stated. Upon the closing of the transaction, AEP will remain the majority owner and ...
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