---
schema_version: "secwatch.filing_event.v1"
accession: "0000004904-23-000051"
form_type: "8-K"
ticker: "AEP"
cik: "0000004904"
company_name: "AMERICAN ELECTRIC POWER CO INC"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:38:09.462712+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AEP terminates sale of Kentucky operations to Liberty; outlines new strategy, names new president

## Summary
- Mutual termination of Stock Purchase Agreement with Liberty because conditions to close could not be met by April 26, 2023; no termination fees.
- Cindy Wiseman appointed Kentucky Power president and COO; base rate case to be filed June 2023 with new rates effective Jan 2024.
- 2023 operating EPS guidance reaffirmed at $5.19–$5.39; long-term growth 6–7%; equity plan unchanged, $1.2B from renewables sale replaces Kentucky proceeds.
- AEP to securitize retired coal assets through Kentucky commission approval to lower customer rates.
- Parties released each other from all claims related to the terminated Stock Purchase Agreement.

## SEC filing metadata
- accession: 0000004904-23-000051
- form_type: 8-K
- ticker: AEP
- cik: 0000004904
- company_name: AMERICAN ELECTRIC POWER CO INC
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4904/000000490423000051/0000004904-23-000051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4904/000000490423000051/aep-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004904-23-000051
- JSON: https://secwatch.observer/filing/0000004904-23-000051.json
- Plain text: https://secwatch.observer/filing/0000004904-23-000051.txt

## Key facts
- Material Agreements
  AMERICAN ELECTRIC POWER CO INC entered into Stock Purchase Agreement with Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp. (effective 2021-10-26).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp.
  - Effective: 2021-10-26
  source text: On October 26, 2021, American Electric Power Company, Inc. (AEP), AEP Transmission Company, LLC (AEPTCo) and Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp. (Liberty) entered into a Stock Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490423000051/0000004904-23-000051-index.htm
- Material Agreements
  AMERICAN ELECTRIC POWER CO INC terminated Mutual Termination Agreement with Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp. (effective 2023-04-17).
  - Action: termination
  - Agreement: asset purchase
  - Counterparty: Liberty Utilities Co., a subsidiary of Algonquin Power & Utilities Corp.
  - Effective: 2023-04-17
  source text: On April 17, 2023, AEP, AEPTCo and Liberty entered into a Mutual Termination Agreement (Termination Agreement) pursuant to which the Stock Purchase Agreement was terminated effective April 17, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490423000051/0000004904-23-000051-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.