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 (Nasdaq: AEP) has entered into a strategic agreement to sell its 50% interest in New Mexico Renewable Development, LLC (NMRD) to Exus North America Holdings, LLC (Exus). AEP and PNM Resources, jointly owning NMRD, have agreed to sell their portfolio of 15 solar projects, totaling 625 megawatts (MW), to Exus for approximately […]
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 […]
Lightsource bp and AEP Energy Partners (AEPEP) have entered into a power purchase agreement (PPA) for the 188MW (dc) Honeysuckle Solar power project in Indiana. AEP Energy Partners is a subsidiary of American Electric Power. The Honeysuckle Solar power project will be built in New Carlisle, nearly 10 miles west of South Bend. It will […]
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 […]