Algonquin terminated its $2.6bn acquisition of Kentucky Power and AEP Kentucky Transmission from American Electric Power.

Algonquin, a diverse portfolio of renewable power generation and sustainable infrastructure assets, terminated its $2.6bn acquisition of Kentucky Power, a state rate-regulated electricity generation, distribution and transmission utility, and AEP Kentucky Transmission from American Electric Power, a public utility holding company. "After careful consideration, and in light of the evolving macro environment, our Board of Directors and management team have determined that continuing with the Transaction is not in the best interest of the Company. We therefore engaged with AEP and mutually agreed to terminate the Transaction. I would like to thank the teams who have worked tirelessly throughout this entire process. Looking forward, AQN remains supported by a high-quality asset base, a strong balance sheet, and is well-positioned to deliver sustainable, long-term growth, capitalize on the energy transition and create value for shareholders," Arun Banskota, AQN President and CEO.