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
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on AEP: