American Electric Power ( (AEP) ) just unveiled an announcement.
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American Electric Power announced a strategic partnership with KKR and PSP Investments to sell a 19.9% equity interest in its Ohio and Indiana & Michigan Transmission Companies for $2.82 billion. This transaction provides AEP with efficient financing to support its five-year, $54 billion capital investment plan, enhancing reliability and service for customers. The deal, which allows AEP to maintain control of its transmission assets, is expected to close in the second half of 2025, pending regulatory approvals, and will be immediately accretive to the company’s earnings and credit profile.
More about American Electric Power
American Electric Power (AEP) is a major electricity provider and one of the largest electricity producers in the United States, with a diverse generating capacity of 29,000 megawatts. The company operates the nation’s largest electric transmission system spanning 40,000 line miles and more than 225,000 miles of distribution lines, delivering energy to 5.6 million customers across 11 states. AEP focuses on safety, operational excellence, and economic development, investing $54 billion from 2025 through 2029 to enhance its transmission, distribution, and generation projects.
YTD Price Performance: 0.35%
Average Trading Volume: 2,755,305
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $49.13B
Learn more about AEP stock on TipRanks’ Stock Analysis page.
