Blackstone Group LP and ArcLight Capital Partners LLC are nearing a deal to buy four Midwest power plants from American Electric Power Co. for about $2.1 billion, according to people familiar with the matter. The private-equity firms plan to acquire the coal-fired Gavin Power Plant in Cheshire, Ohio, and three natural-gas plants in Indiana and Ohio, the people said. The deal could be announced as soon as Tuesday, they added.

Source: Wall Street Journal September 13, 2016 19:58 UTC