KKR and PSP to Buy AEP Transmission Stake for $2.8 Billion
American Electric Power Co. agreed to sell a minority stake in its transmission business to KKR & Co. and Canada’s PSP ...
AEP to sell stake in transmission companies to KKR-PSP consortium for $2.8B
American Electric Power plans to use proceeds from the sale of 19.9% of AEP Ohio Transmission and AEP Indiana Michigan Transmission for its five-year, $54 billion capital spending plan.
KKR, PSP Investments to buy stake in two American Electric Power companies for $2.8B
KKR and PSP Investments form partnership to acquire minority stake in AEP's transmission companies, supporting customer demand and grid reliability.
American Electric Power Sells 19.9% Stake In Two Transmission Assets For $2.82B: Details
American Electric Power has entered into a $2.82 billion deal with KKR and PSP Investments with respece to a 19.9% stake in its Ohio and Indiana & Michigan Transmission Companies.