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American Electric falls after FERC denies sale of Kentucky Transmission
The Fly

American Electric falls after FERC denies sale of Kentucky Transmission

The Federal Energy Regulatory Commission posted on order its website with "denies, without prejudice, authorization, pursuant to section 203 of the Federal Power Act, for a proposed transaction where Liberty Utilities Co. seeks to acquire all issued and outstanding common shares of AEP Kentucky Transmission Company, Inc. and Kentucky Power Company." Shares of American Electric Power (AEP) closed down 3% to $95.57 following the post. Reference Link

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