Summary
Ohio-based American Electric Power, which has ownership interests in Utah and six other states and royalty interests in West Virginia reserves, said Friday it has completed the sale of its AEP Coal mining operations in Ohio and Kentucky to affiliates of Wexford Capital LLC.
AEP will receive $8.8 million in cash and Wexford will assume $10.8 million more in future reclamation liability. Proceeds from the transaction will be used to reduce debt, AEP said.See the full content of this document
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Aep Completes Sale of Mining Operations
Wexford is an investment adviser w...
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