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AEP Receives All Necessary Approvals to Complete Separation Of Ohio Assets

American Electric Power (NYSE: AEP) has received all necessary approvals to separate its AEP Ohio-owned generation assets from its Ohio distribution and transmission operations and complete transfer of that generation to AEP's competitive generation company - AEP Generation Resources Inc. - and regulated affiliates Appalachian Power and Kentucky Power. The company received the final approvals from the Federal Energy Regulatory Commission (FERC) this week and expects to complete transfer of those assets effective Dec. 31.

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Posted-In: News Guidance Financing Asset Sales Legal Management Global

 

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