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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,
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.
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).
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.
KKR, PSP Investments Partner to Buy Stake in Two American Electric Power Companies
KKR is partnering with the Public Sector Pension Investment Board to buy a 19.9% interest in two units of American Electric Power for $2.82 billion.
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.
16h
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 ...
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
17h
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, ...
POWER Magazine
7d
Restoration Efforts Continue Following Complete Blackout of Puerto Rico’s Power Grid
LUMA, Puerto Rico’s electric power transmission and distribution system operator, has struggled to restore power to some of ...
cnbctv18
3d
Power Grid wins bid under TBCB for two inter-state transmission projects
The projects, to be executed under the Build, Own, Operate, and Transfer (BOOT) model, involve key upgrades to substations in ...
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