AEP Partners with KKR and PSP Investments for $2.82 Billion Equity Stake in Transmission Companies

Reuters

06-10

AEP Partners with KKR and PSP Investments for $2.82 Billion Equity Stake in Transmission Companies

American Electric Power Company Inc. $(AEP)$ has finalized a strategic partnership with KKR and PSP Investments, who have jointly acquired a 19.9% equity interest in AEP's Ohio and Indiana Michigan transmission companies. The deal, valued at $2.82 billion, is aimed at supporting AEP's ambitious five-year, $54 billion capital plan to modernize and expand its transmission infrastructure. This investment represents approximately 5% of AEP's total transmission rate base and is expected to drive further infrastructure development to meet growing power demands in Indiana, Michigan, and Ohio. AEP will continue to operate and maintain these transmission facilities, reinforcing its commitment to providing reliable and affordable power to its customers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEP - American Electric Power Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000004904-25-000069), on June 09, 2025, and is solely responsible for the information contained therein.

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AEP - American Electric Power Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000004904-25-000069), on June 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250609:nNDL2XYLgW:1","article_id":"2542337085","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2542337085","pubTimestamp":1749500696,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"American Electric Power Company Inc.  has finalized a strategic partnership with KKR and PSP Investments, who have jointly acquired a 19.9% equity interest in AEP's Ohio and Indiana Michigan transmission companies. 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This investment represents approximately 5% of AEP's total transmission rate base and is expected to drive further infrastructure development to meet growing power demands in Indiana, Michigan, and Ohio. AEP will continue to operate and maintain these transmission facilities, reinforcing its commitment to providing reliable and affordable power to its customers.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AEP - American Electric Power Company Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000004904-25-000069), on June 09, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}