Algonquin Power & Utilities Corp T.AQN.PR.A

Kentucky Power acquisition ..

[bmbruce]

There is still a degree of uncertainty surrounding the $2.6 billion AEP acquisition given the deadline date of April 26, 2023 …AQN does have the option of terminating the deal by paying the $65 million termination fee if FERC does not approve the deal by this date…the market would most likely respond in a very positive manner if in fact this happened…so, although AQN reiterated it’s commitment to the pending AEP transaction there’s still a path open to a way out that would certainly ease the pressures on their balance sheet and maintain their current BBB investment grade credit rating going forwaed.. 

 

[rustyblades]

My own view is the deal will be approved.  From a December news release, " In their ruling issued Dec. 15, FERC’s five members said officials with Algonquin—which would buy Kentucky Power via their Liberty Utilities Co. subsidiary—haven’t adequately outlined their commitment to guarantee that some of those customers’ rates will be protected “for a significant period of time following

[pennydredful]

I would  guess  that  rates  to customers are  too low  likely  as current  owner  has  not  added to  rate base ( as they  let facility run down by not spending  money ).   FERC   has  ears  for the customers and  may   prefer   Kentucky  produced  coal  be

[rad10]

  I think they will do the "Canadian two step" with Kentucky power. They will pay lip service to appealing the FERC decision whilst breathing a simultaneous sigh of relief.  They will visibly do everything to further the deal to avoid litigation, but not enough to get it done. There will be news releases and updates on their valeant (no pun intended) efforts. The break fee