AEP Secures Minority Equity Interest Investment in Ohio and Indiana & Michigan Transmission Companies

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 sheetCOLUMBUS, Ohio, Jan. 9, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) today announced a definitive agreement for a strategic partnership between KKR and PSP Investment ...