AES Ohio sells 30% stake to CDPQ for $546M, plans $1.5B infrastructure investments.

The AES Corporation will sell a 30% indirect equity stake in AES Ohio to the investment group CDPQ for about $546 million, anticipating closure in early 2025 pending regulatory approvals. This partnership, building on their relationship at AES Indiana, aims to enhance AES Ohio's infrastructure and support growing data center demands, with planned investments exceeding $1.5 billion from 2024 to 2027. The deal will not affect customer rates or local employment.

September 17, 2024
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