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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
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
1 Riverside Plaza
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.