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KKR and PSP Investments Partner to Acquire 19.9% Stake in AEP's Transmission Companies for $2.82 Billion

Jan 13, 2025•over 1 year ago

Contract Type

partnership

ColumbusManufacturingEnergyOil And GasRenewable Energy

Description

Investment funds managed by KKR and the Public Sector Pension Investment Board (PSP Investments) have announced a strategic partnership to acquire a 19.9% interest in American Electric Power’s (AEP) Ohio and Indiana & Michigan transmission companies for $2.82 billion. The investment aims to support AEP’s ability to meet increasing customer demand and enhance grid reliability.

Company Information

Company

American Electric Power

Location

Columbus, Ohio, United States

About

American Electric Power (AEP) is a major investor-owned electric utility in the United States, delivering electricity to more than five million customers in 11 states. The company is dedicated to providing safe, reliable, and affordable service to its customers while executing on its strategic priorities.

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Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
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