AEP Closes on Transmission Investment Strategic Partnership with KKR and PSP Investments

KKR and PSP Investments have jointly acquired a 19.9% equity interest investment in AEP's Ohio and Indiana Michigan transmission companies. The transaction proceeds will be used to support AEP's five-year, $54 billion capital plan.COLUMBUS, Ohio, June 5, 2025 /PRNewswire/ -- American Electric Power (Nasdaq: AEP), KKR and PSP Investments have completed the transaction announced in January 2025 for KKR and PSP Investments to jointly invest $2.82 billion for a 19.9% equity interest in AEP's Ohio and Indiana M ...