Hunton Andrews Kurth Advises Underwriters of Appalachian Power Company’s $400 Million Senior Notes Offering

Hunton Andrews Kurth LLP represented the underwriters in connection with an SEC-registered offering by Appalachian Power Company (“APCo”) of $400 million aggregate principal amount of its 2.70% Senior Notes, Series AA, due 2031. The transaction closed on March 11, 2021.

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 964,000 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, Steven Friend, Michelle Chan and Mae Ji. Robert McNamara and Tim Strother provided tax advice.