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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 Investments for $2.8 billion. Most Read from BloombergWhat Robotaxis Brought San FranciscoNYC Condo Owners May Bear Costs of Landmark Green Building LawNYC’s Subway Violence Deters Drive to Bring Workers Back to OfficeDutch Central Bank Restores Amsterdam’s ‘Ugliest Building’Can American Drivers Learn to Love Roundabouts?
KKR, PSP Investments to buy stake in two American Electric Power companies for $2.8B
KKR (KKR) said Thursday it formed a 50/50 strategic partnership with Canada's PSP Investments to acquire 19.9% stakes in American Electric Power's (NASDAQ:AEP) Ohio and Indiana transmission company, as well as its Michigan transmission company,
AEP to divest stake in transmission companies to KKR, PSP for $2.82bn
American Electric Power (AEP) has entered into a strategic partnership with KKR and PSP Investments to sell a 19.9% equity interest in its Ohio and Indiana & Michigan Transmission Companies (Transcos).
KKR and PSP Investments Acquire Minority Stake in Two American Electric Power Transmission Companies
Today, investment funds managed by KKR, a leading global investment firm, and the Public Sector Pension Investment Board ("PSP Investments"), one of Canada’s largest pension investors, announced an agreement to acquire a 19.
American Electric Power Sells Wires Stake for $2.8 Billion
American Electric Power Co. has agreed to sell a stake in its transmission business to a strategic partnership between KKR and PSP Investments, the energy company reported.
American Electric to sell 19.9% equity interest in two Transcos for $2.82B
American Electric Power (AEP) announced a definitive agreement for a strategic partnership between KKR (KKR) and PSP Investments to acquire a
MotorTrend on MSN
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Cut the Cord: Wireless Power Transmission for Cars Is Coming
Here’s how you might be able to ditch the wiring connection on your next Jeep Wrangler’s removable doors but keep power ...
Machine Design
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The Role of Power Transformers in Electrical Grids
Design engineers should know how transformers work so they can design machinery that operates optimally within the proper ...
E&E
1d
Biden boosted investment in the electric grid. What will Trump do?
Meeting electricity demand for big tech data centers could give Trump reason to get behind major wires projects.
2d
9 US electric power sector issues to watch in 2025
From rising electricity prices and demand to emerging opportunities and challenges around nuclear energy, virtual power plants, renewables and more, we’ve highlighted nine of the most important issues ...
Renewable Energy World
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Arizona’s largest utility lands $1.81B loan for renewable generation, transmission projects
Arizona Public Service Company will use part of the conditional loan to construct the first phase of the Agave Battery Energy ...
KPBS
1d
Around 9,000 SDG&E customers without power as high winds continue
Nearly 9,000 San Diego Gas & Electric customers were without power Wednesday afternoon due to Public Safety Power Shutoffs, ...
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