After American Electric (AEP) Power announced the sale of a minority equity interest in its transmission assets as consortium formed by KKR and PSP will acquire a 19.9% ownership stake at the Ohio and I&M transmission companies for $2.82B, Morgan Stanley notes that the deal is immediately accretive to EPS and addresses 52% of the equity needs in AEP's plan, "alleviating a major balance sheet overhang and lowering EPS execution risk." The firm, which expects the company to address the earnings growth rate and range upon closing of the deal, has an Overweight rating and $103 price target on AEP shares.