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Kentucky Power Co

Company Summary

Description

Kentucky Power, headquartered in Frankfort, Ky., provides service to approximately 175,000 customers in all or part of 20 eastern Kentucky counties. Kentucky Power maintains administrative, regulatory, customer service and external affairs offices in Frankfort, Ky. Its distribution operations are based in Ashland with service centers in Pikeville and Hazard and area offices in Paintsville and Whitesburg.

Website

https://www.kentuckypower.com/info/news/

Firm Transport Commitments

Project: Lawrence County Expansion Project
Firm Commitment: 72,000 Dth/d

Recent news

  • 11/15/2022 - Algonquin Power Notes... (subscriber access)
  • 10/3/2022 - Liberty Utilities... (subscriber access)
  • 10/27/2021 - AEP Selling Kentucky... (subscriber access)

Company Transactions

Date: 4/15/2022
Type: Acquisition

BUYERS:
  • Algonquin Power
    • SELLERS:
  • American Electric Power (AEP)
  • EP Kentucky Transco
  • Kentucky Power Co
    • DETAILS:

    COST: 2.846 $B

    NOTES:
    AEP has reached a deal to sell its Kentucky operations, including Kentucky Power and AEP Kentucky Transco, to Algonquin Power & Utilities, for a $2.846 billion enterprise value. The deal will close in 2Q22.