In a significant move to bolster its governance and strategic direction, American Electric Power (Nasdaq: AEP), a leader in the electric utility industry, has announced a pivotal agreement with Icahn Capital L.P. and its affiliates. Effective immediately, Hunter C. Gary, Senior Managing Director at Icahn Enterprises L.P., along with Henry “Hank” P. Linginfelter, a seasoned […]
American Electric Power (AEP), listed under Nasdaq as AEP, has successfully finalized the sale of its expansive 1,365-megawatt (MW) unregulated renewables portfolio. The strategic acquisition was made by IRG Acquisition Holdings, a powerhouse consortium owned by market leaders like Invenergy, CDPQ, and funds overseen by Blackstone Infrastructure. Valued at an impressive enterprise worth of $1.5 […]
American Electric Power (AEP) has closed the previously announced sale of the 48MW Racine hydropower plant in Racine, Ohio to Eagle Creek Renewable Energy. The sale, which was announced in February 2021, was executed by AEP’s competitive generation affiliate — AEP Generation Resources. The transfer of ownership of the Racine hydropower plant was approved last […]