SUGAR LAND--February 17, 2017--Written by John Egan for Industrial Info Resources (Sugar Land, Texas)--American Electric Power Company Incorporated (NYSE:AEP) (Columbus, Ohio) last month finalized the sale of four power plants in the competitive PJM Interconnection market, netting about $2.1 billion, which it intends to invest in its regulated transmission operations. The sale, first announced last September, is an important step AEP is taking to exit competitive power markets and focus on its regulated utility business.
Within this article: Details on how AEP and similar companies are faring in the transmission and distribution market.
Other companies featured: Lightstone Generation LLC, Blackstone Group (NYSE:BX) (New York, New York), ArcLight Capital Partners LLC, FirstEnergy Corporation (NYSE:FE)
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