AEP Completes Sale of 2 OH, 1 IN NatGas-Fired Electric Plants

MDN reported in September that American Electric Power is selling four electric generating plants to a newly formed joint venture of Blackstone and ArcLight Capital Partners (see AEP Sells 2 Ohio NatGas-Fired Electric Plants to Blackstone JV. Three of the plants are natural gas-fired--two of them in Ohio and one in Indiana. One of the plants is coal-fired, located in Ohio. Total sale price for all four: $2.17 billion. As we've also reported, the sale of these "unregulated" power generating plants is part of AEP's strategy to become 100% regulated--and then try to lock out competition from unregulated, shale-fed plants (see OH Power Cos. Try to Stop Gas-Fired Plants with “Re-Regulation”). Sleazy. At any rate, AEP reported on Monday the sale is now completed...

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