The Firm represented American Electric Power Company, Inc. (“AEP”) in an SEC-registered at-the-market equity program pursuant to which shares of AEP’s common stock having an aggregate sales price of up to $1.7 billion may be sold from time to time by Barclays Capital Inc., BofA Securities, Inc., Citigroup Global Markets Inc., Mizuho Securities USA, LLC., MUFG Securities Americas, Inc., Scotia Capital (USA) Inc., and Wells Fargo Securities, LLC as sales agents. In addition to the issuance and sale of common stock through the sales agents, AEP also may enter into forward stock purchase transactions with affiliates of certain of the sales agents under the ATM program.
AEP, based in Columbus, Ohio, operates and maintains the nation’s largest electricity transmission system and nearly 225,000 miles of distribution lines to deliver power to nearly 5.6 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 29,000 megawatts of diverse generating capacity, including more than 6,100 megawatts of renewable energy.
The Simpson Thacher team included Brian E. Rosenzweig, Maggie Selbe and Adam Danciu (Capital Markets); Jon Lindabury (Equity Derivatives); and Jonathan Cantor (Tax).