American Electric Power Co. Inc. (AEP): American Electric Power (NYSE:AEP) agree...

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Re: ThetaTrader post# 24

Friday, 10/02/2015 1:54:20 PM

Friday, October 02, 2015 1:54:20 PM

American Electric Power (NYSE:AEP) agrees to sell its AEP River Operations commercial barge transportation subsidiary to American Commercial Lines, owned by Platinum Equity, for ~$550M.

AEP River Operations delivers ~45M tons of products annually, including 10M tons of coal.

AEP plans to retain ownership of its captive barge fleet that delivers coal to its regulated coal-fueled power plants owned by Appalachian Power, Kentucky Power and Indiana Michigan Power.

Purely My Own Opinion. Do Your Own Due Diligence.

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