A Time of Transition
In October 2021, American Electric Power (AEP) announced that it would sell Kentucky Power to Liberty. Since that time, both companies shared transition plans with state officials.
After the Kentucky Public Service Commission (PSC) approved the plans in May 2022, a close on the sale was expected in January 2023. The Federal Energy Regulatory Commission (FERC) issued an order on December 16 denying approval of Liberty's purchase of Kentucky Power, without prejudice.
AEP and Liberty are working together to determine the best path forward in order to obtain approval from FERC. Since this sale will provide benefits to customers in Kentucky and support economic growth in the region, both companies look forward to finalizing the transaction to allow these benefits to begin.