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AEP Energy is a competitive retail energy provider for over half a million customers. Learn more at AEPEnergy.com
AEP Energy is a competitive retail energy provider for over half a million customers. Learn more at AEPEnergy.com
AEP earns top recognition for providing exceptional customer service and energy solutions to businesses across the companys 11-state territory.
American Electric Power announced today it will retain its retail energy business, AEP Energy. The company is reaffirming its 2024 operating earnings guidance of $5.53 to $5.73 per share, long-term growth rate of 6% to 7% and FFO/Debt target of 14% to 15%.
American Electric Power has entered into an agreement to sell its distributed resources business, AEP OnSite Partners (“OnSite”), to funds advised by Basalt Infrastructure Partners LLC. AEP expects to net approximately $315 million in cash after taxes and transaction fees, subject to customary closing adjustments. The sale is expected to close in the third quarter of 2024, pending regulatory approvals.
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Updated 4:00 PM ET on May 29 Market data provided by Q4 Inc.
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