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BRIEF-AEP and Dynegy to transfer ownership of co-owned power plants
February 23, 2017 / 11:04 PM / 7 months ago

BRIEF-AEP and Dynegy to transfer ownership of co-owned power plants

Feb 23 (Reuters) - American Electric Power Company Inc

* AEP and Dynegy to transfer ownership of co-owned power plants

* Signed agreements to sell AEP’s 330-megawatt (mw) share of zimmer plant to Dynegy

* Agreements to purchase dynegy’s 312-mw share of Conesville Plant

* “There will be no employment impact from ownership transfers”

* After transaction is complete, AEP would own 92 percent, or 1,461 mw, of conesville plant; 595 mw of cardinal plant

* After transaction is complete, aep would own 603 mw of stuart plant and 48 mw racine plant

* Transactions will not have a material impact on AEP earnings Source text for Eikon: Further company coverage:

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