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KentuckyInvestorPresentation10-26-21.pdf
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🔗 Source: aep.com
📊 Size: 1.02 MB
👤 Author: Thomas W Scott
⬇️ Downloads: 71

Summary

AEP has reached an agreement to sell its Kentucky operations to Liberty Utilities Co. for $2.846 billion, with approximately $1.5 billion in equity value and $1.3 billion in estimated debt. The sale includes 100% of the stock of Kentucky Power Company and AEP Kentucky Transco, serving around 165,000 customers with 1,075 MW of owned generation. The transaction is expected to close in the second quarter of 2022, subject to regulatory approvals, and will provide AEP with approximately $1.45 billion in cash proceeds, helping to eliminate its 2022 forecasted equity needs and strengthen its ability to advance its clean energy transformation.

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Description

AEP has reached an agreement to sell its Kentucky operations to Liberty Utilities Co.

Technical Information

  • File Format: PDF
  • File Size: 1.02 MB
  • Pages: 3
  • Language: EN
  • Author: Thomas W Scott
  • Total Downloads: 71
  • Last Updated: 9 hours ago

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