Algonquin Power Utilities cuts price it will pay for Kentucky Power by US$200M
OAKVILLE, Ont. — Algonquin Power Utilities Corp. (AQN) says it has signed a revised deal that cuts the price it will pay for Kentucky Power Co. and AEP Kentucky Transmission Co. Inc. by US$200 million. Under the new agreement, AQN says it will pay US$2.646 billion, including the assumption of US$1.221 billion in debt. The Canadian power utility had agreed last year to a purchase price of US$2.846 billion, including the assumption of US$1.221 billion in debt. AQN chief executive Arun Banskota s
Algonquin Power Utilities cuts price it will pay for Kentucky Power by US$200M
OAKVILLE, Ont. — Algonquin Power Utilities Corp. (AQN) says it has signed a revised deal that cuts the price it will pay for Kentucky Power Co. and AEP Kentucky Transmission Co. Inc. by US$200 million. Under the new agreement, AQN says it will pay US$2.646 billion, including the assumption of US$1.221 billion in debt. The Canadian power utility had agreed last year to a purchase price of US$2.846 billion, including the assumption of US$1.221 billion in debt. AQN chief executive Arun Banskota s