UK’s Innogy to buy Yorkshire Power from AEP, Xcel

HOUSTON, Feb. 27, 2001–The UK’s Innogy Holdings PLC Tuesday said it will buy Yorkshire Power Group Ltd. from Columbus, Ohio-based American Electric Power Co. Inc. and Xcel Energy Inc., Minneapolis, for $2.6 billion (£1.8 billion) in cash and assumed debt, creating a major UK energy supplier.

NEW YORK, Feb. 27, 2001 – “Absence of progress on the state’s proposed solutions to the California power crisis could worsen the power crisis and begin to seriously threaten the health of the economy,” Moody’s says in a new report.

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