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AEP Forms Strategic Partnership with KKR and PSP Investments to Enhance Transmission Infrastructure
Jun 05, 2025•about 1 year ago
Contract Type
partnership
Description
AEP has completed a partnership with KKR and PSP Investments, who have acquired a 19.9% equity interest in its Ohio and Indiana Michigan transmission companies for $2.82 billion. The investment will help support AEP's ambitious five-year, $54 billion capital plan, aimed at meeting the growing power demand across its service areas.
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Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months