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 […]