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AEP Grows Retail Energy Business Customer Count By Another 6%, Says Sale Of Retail Energy Business Remains, "On Track"
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In reporting quarterly earnings today, AEP said, "We remain on track with the previously announced sales processes for our retail and distributed resources businesses[.]"
AEP continues to anticipate a transaction close for the sale of the retail energy business in the first half of 2024
AEP Energy, the retail energy business, had approximately 900,000
customer accounts as of September 30, 2023
That's over 6% higher than the total of 844,000 as of June 30, 2023. AEP Energy had approximately 752,000 customer accounts as of March 31, 2023
The book value of AEP’s investment in the retail energy business as of 9/30/2023 is $244M
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November 2, 2023
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Copyright 2010-23 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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