Edition:
United States

AEP Signs Agreement To Purchase Wind Assets From Sempra, Deal For About $1.056 Bln


Tuesday, 12 Feb 2019 04:40pm EST 

Feb 12 (Reuters) - American Electric Power Company Inc ::AEP SIGNS AGREEMENT TO PURCHASE WIND ASSETS FROM SEMPRA, DEAL FOR ABOUT $1.056 BILLION.AMERICAN ELECTRIC POWER - DEAL HAS $551 MILLION IN CASH, ASSUMPTION OF $343 MILLION IN EXISTING PROJECT DEBT AND $162 MILLION IN TAX EQUITY OBLIGATION.AMERICAN ELECTRIC POWER - REAFFIRMS ITS 2019 OPERATING EARNINGS GUIDANCE RANGE OF $4.00 TO $4.20 PER SHARE..AEP EXPECTS TO FINANCE THE ACQUISITION WITH A COMBINATION OF DEBT, EQUITY, AND/OR EQUITY-LINKED SECURITIES.BP WIND ENERGY WILL RETAIN ITS OWNERSHIP SHARE OF WIND FARM PROJECTS.FY2019 EARNINGS PER SHARE VIEW $4.12 -- REFINITIV IBES DATA. 

Related Company News

Company Quote

90.37
-0.53 -0.58%
25 Jun 2019