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American Electric Power announced a strategic partnership with KKR and PSP Investments to sell a 19.9% equity interest in its Ohio and Indiana & Michigan Transmission Companies for $2.82 billion.

American Electric Power Company Inc (NASDAQ:AEP) shares are trading higher in premarket Friday. The company announced that a 50/50 strategic partnership between KKR & Co Inc (NYSE:KKR) and PSP ...

BMO Capital lowered the firm’s price target on American Electric (AEP) to $100 from $108 and keeps an Outperform rating on the shares. The company has announced a partnership with KKR and PSP to ...

Upon the closing of the transaction, AEP will remain the majority owner and operator of the transmission assets. KKR is funding this investment from its core infrastructure strategy. American ...

American Electric Power will sell a minority stake – nearly 20% equity interest – in Fort Wayne-based Indiana Michigan Power and AEP Ohio for $2.82 billion. The Ohio-based company announced ...

More snow is on the way, but travel conditions aren't as bad as earlier in the week, according to the Indiana Department of Homeland Security. As of late Friday morning, only 15 counties were marked ...

A 50/50 strategic partnership between KKR and PSP Investments agrees to acquire 19.9% non-controlling equity interest in two AEP Transcos for $2.82 billion Transaction provides highly efficient ...