Want to join the conversation?
$AEP agreed to sell four competitive power plants totaling 5,200 megawatts (MW) for about $2.17Bil to a newly formed joint venture of $BX and ArcLight Capital Partners. $AEP expects to net about $1.2Bil in cash after taxes, repayment of debt associated with these assets and transaction fees. The sale is expected to close in 1Q17.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.