AEP Sellout

American Electric Power (AEP) entered into an agreement to sell its Kentucky operations, including Kentucky Power and AEP Kentucky Transco to Liberty Utilities.Liberty is a subsidiary of Algonquin Power & Utilities Corp. and the sale, expected to close in the summer of 2022, is worth $2.846 billion enterprise value.“Kentucky Power and its employees are an important part of the communities in eastern Kentucky, and I am grateful for their valuable contributions to AEP,” said Nicholas K. Akins, AEP chairman, president and chief executive officer. “

Source: MG News

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