Hunton Andrews Kurth Advises Underwriters in $500 Million Senior Notes Offering of Appalachian Power Company

Hunton Andrews Kurth LLP represented the underwriters in connection with an SEC registered offering by Appalachian Power Company (“APCo”) of $500 million aggregate principal amount of its 3.70% Senior Notes due 2050. The transaction closed on May 14, 2020.

APCo is a subsidiary of American Electric Power Company (“AEP”) and is part of AEP’s vertically integrated utilities segment. APCo is organized in Virginia and is engaged in the generation, transmission and distribution of electric power to approximately 956,000 retail customers in the southwestern portion of Virginia and southern West Virginia, and in supplying and marketing electric power at wholesale to other electric utility companies, municipalities and other market participants. APCo owns 6,629 MWs of generating capacity. APCo uses its generation to serve its retail and other customers.

The Hunton Andrews Kurth team included Bud Ellis, Steve Friend, Michelle Chan and Mae Ji. Cary Tolley and Anna Page provided tax advice.