‘AEP has other levers to pull,’ may still pursue Kentucky deal after FERC rejection

摘要

The Federal Energy Regulatory Commission dealt a blow toAmerican Electric Power’s plans to offload its Kentucky assets,but Wall Street believes the company still has several attractiveoptions for accessing capital.FERC denied the sale of Kentucky Power and AEP KentuckyTransmission to Liberty Utilities “without prejudice” on Dec.15, saying the parties “have failed to show that the proposedtransaction will not have an adverse effect on rates.”