Simpson Thacher represented American Electric Power Company in the transaction.
American Electric Power Company, Inc. (“AEP”) closed 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 billion may be sold from time to time by Credit Suisse Securities (USA) LLC, Barclays Capital Inc., BofA Securities, Inc., BNY Mellon Capital Markets, LLC, Citigroup Global Markets Inc. and Scotia Capital (USA) Inc., 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 221,000 miles of distribution lines to deliver power to nearly 5.5 million regulated customers in 11 states. AEP also is one of the nation’s largest electricity producers with approximately 30,000 megawatts of diverse generating capacity, including more than 5,200 megawatts of renewable energy.
The Simpson Thacher team included Brian E. Rosenzweig (Picture), Matt Hart and Maggie Selbe (Capital Markets); Jon Lindabury, Caitlin Wood and Nathan Utterback (Equity Derivatives); Drew Purcell and Morgan Otway (Tax); and Jeanne Annarumma (ERISA).
Involved fees earner: Jeanne Annarumma – Simpson Thacher & Bartlett; Matthew Hart – Simpson Thacher & Bartlett; Jonathan Lindabury – Simpson Thacher & Bartlett; Morgan Otway – Simpson Thacher & Bartlett; Andrew Purcell – Simpson Thacher & Bartlett; Brian Rosenzweig – Simpson Thacher & Bartlett; Margaret Selbe – Simpson Thacher & Bartlett; Nathan Utterback – Simpson Thacher & Bartlett; Caitlin Wood – Simpson Thacher & Bartlett;
Law Firms: Simpson Thacher & Bartlett;
Clients: American Electric Power Company, Inc.;