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.
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