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AEP To Sell Kentucky Operations To Liberty, Subsidiary Of Algonquin Power & Utilities

PR Newswire - Tue Oct 26, 2021

COLUMBUS, Ohio, Oct. 26, 2021 /PRNewswire/ -- American Electric Power (Nasdaq: AEP) has entered into an agreement to sell its Kentucky operations, which include Kentucky Power and AEP Kentucky Transco, to Liberty, the regulated utility business of parent company Algonquin Power & Utilities Corp. (NYSE: AQN), for $2.846 billion enterprise value. The sale is expected to close in the second quarter of 2022, pending regulatory approvals.

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