AEP Deal

American Electric Power (AEP) signed an agreement on the sale of its Kentucky Operations to Liberty Utilities.Officials said they expect the deal to close in January 2023 once the Federal Energy Regulatory Commission (FERC) approves the sale. The approval is due by Dec. 16.A news release says once the sale closes, Liberty will gain AEP’s Kentucky operations by buying all the stock of Kentucky Power and AEP Kentucky Transco for nearly $3 billion.

Source: MG News

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