Press Release: AEP Secures Minority Equity Interest Investment in Ohio and Indiana & Michigan Transmission Companies

Dow Jones

Jan 10, 2025

ratings of debt; the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, cyber security threats, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; and the ability to attract and retain the requisite work force and key personnel.

View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-secures-minority-equity-interest-investment-in-ohio-and-indiana--michigan-transmission-companies-302347398.html

SOURCE American Electric Power

/CONTACT: MEDIA CONTACT: Tammy Ridout, Managing Director, External Communications, 614/716-2347; ANALYSTS CONTACT: Darcy Reese, Vice President, Investor Relations, 614/716-2614

(END) Dow Jones Newswires

January 09, 2025 15:00 ET (20:00 GMT)

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the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, cyber security threats, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; and the ability to attract and retain the requisite work force and key personnel. \n</p>\n<p>\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-secures-minority-equity-interest-investment-in-ohio-and-indiana--michigan-transmission-companies-302347398.html \n</p>\n<p>\n     SOURCE American Electric Power \n</p>\n<p>\n       /CONTACT: MEDIA CONTACT: Tammy Ridout, Managing Director, External Communications, 614/716-2347; ANALYSTS CONTACT: Darcy Reese, Vice President, Investor Relations, 614/716-2614 \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2025 15:00 ET (20:00 GMT)\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Press Release: AEP Secures Minority Equity Interest Investment in Ohio and Indiana & Michigan Transmission Companies</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, cyber security threats, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; and the ability to attract and retain the requisite work force and key personnel. \n</p>\n<p>\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-secures-minority-equity-interest-investment-in-ohio-and-indiana--michigan-transmission-companies-302347398.html \n</p>\n<p>\n     SOURCE American Electric Power \n</p>\n<p>\n       /CONTACT: MEDIA CONTACT: Tammy Ridout, Managing Director, External Communications, 614/716-2347; ANALYSTS CONTACT: Darcy Reese, Vice President, Investor Relations, 614/716-2614 \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 09, 2025 15:00 ET (20:00 GMT)\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B19Z3B42.SGD","symbol_name":"Legg Mason ClearBridge - Value A Acc SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2502029260","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502029260","pubTimestamp":1736452800,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"-- A 50/50 strategic partnership between KKR and PSP Investments agrees to. acquire 19.9% non-controlling equity interest in two AEP Transcos for. -- Transaction provides highly efficient financing to support AEP's. The transaction multiple of 30.3 times LTM P/E is highly attractive and is a significant premium to AEP's current stock price. The 19.9% minority equity interest represents approximately 5% of AEP's total transmission rate base.Fehrman continued, \"We are pleased to launch this strategic partnership with two of the world's premier global infrastructure investors. KKR and PSP Investments are experienced investors in the utilities and energy space with a proven track record of successful infrastructure investments. This transaction allows AEP to maintain a controlling interest in our valuable transmission assets, which we will support through growth and modernization initiatives.\". Customers and employees will not experience any changes as a result of this transaction. Long te","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B19Z3B42.SGD":"Legg Mason ClearBridge - Value A Acc SGD","BK4081":"电力公用事业","IE00B29SXK94.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) ACC","BK4588":"碎股","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","BK4585":"ETF&股票定投概念","AEP":"美国电力","IE00B29SXL02.USD":"FIRST SENTIER GLOBAL LISTED INFRASTRUCTURE \"I\" (USD) INC","IE00B7SZLL34.SGD":"Legg Mason ClearBridge - Value A Acc SGD-H","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","BK4215":"住宅房地产投资信托","EQR":"资产住宅公司","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC"},"translate_title":"新闻稿：AEP获得俄亥俄州、印第安纳州和密歇根州输电公司的少数股权投资","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"EQR":1,"AEP":1},"content_text":"ratings of debt; the impact of volatility in the capital markets on the value of the investments held by AEP's pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements; accounting standards periodically issued by accounting standard-setting bodies; other risks and unforeseen events, including wars and military conflicts, the effects of terrorism (including increased security costs), embargoes, cyber security threats, labor strikes impacting material supply chains, global information technology disruptions and other catastrophic events; and the ability to attract and retain the requisite work force and key personnel. \n\n\n      View original content to download multimedia:https://www.prnewswire.com/news-releases/aep-secures-minority-equity-interest-investment-in-ohio-and-indiana--michigan-transmission-companies-302347398.html \n\n\n     SOURCE American Electric Power \n\n\n       /CONTACT: MEDIA CONTACT: Tammy Ridout, Managing Director, External Communications, 614/716-2347; ANALYSTS CONTACT: Darcy Reese, Vice President, Investor Relations, 614/716-2614 \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 09, 2025 15:00 ET (20:00 GMT)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}