![]() ![]() Kentucky Power’s 315 workers and 45 AEP employees will be transferred to the new company. Any future change in rates would require approval from the Kentucky Public Service Commission. Kentucky Power will remain the name of the local utility, and rates will remain the same after the sale. At the same time, the sale will strengthen AEP’s ability to invest in projects that will support a resilient, cleaner energy system.”Ĭustomers will see little in the way of immediate change. “Liberty’s commitment to safety and operational excellence will allow Kentucky Power employees to continue their critical work producing and delivering reliable power for customers and communities. ![]() Akins, AEP chairman, president and chief executive officer. “Kentucky Power and its employees are an important part of the communities in eastern Kentucky, and I am grateful for their valuable contributions to AEP,” said Nicholas K. That is not expected to happen until between April and June of next year. The $2.6 billion dollar sale, which was announced Tuesday, won’t be final until it receives regulatory approval. COLUMBUS, Ohio - AEP has reached an agreement to sell Kentucky Power to Liberty, an electric, natural gas, water and wastewater service provider owned by Algonquin Power and Utilities. ![]()
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