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KKR and PSP Acquire Minority Stake in AEP Ohio's Transmission Companies

KKR and PSP Acquire Minority Stake in AEP Ohio's Transmission Companies

01/10/25, 4:15 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgohio
Money
$2.82 billion
Industry
energy
manufacturing
Type
partnership
Global investment firm KKR and the Public Sector Pension Investment Board (PSP) have agreed to acquire a 19.9 percent stake in American Electric Power Ohio's (AEP) Indiana and Michigan transmission companies for $2.82 billion. The investment will support AEP’s ability to meet increasing customer demand and enhance overall grid reliability.

Company Info

Company
American Electric Power Ohio
Location
ohio, united states
Additional Info
American Electric Power Ohio (AEP) is a major electric utility company based in Ohio, USA, and operates the nation's largest electric transmission system.