algonquin power  utilities corp and american electric power co have agreed to terminate the 265 billion acquisition of the kentucky assets on monday the canadian renewable energy and utility company said its indirect subsidiary liberty utilities co came to a mutual agreement with american electric power to terminate the stock purchase agreement for kentucky power co and aep kentucky transmission co in october 2021 algonquin power agreed to buy the assets from american electric power as algonquin looked to shift its assets toward cleaner energy sources and meet its netzero greenhouse gas emissions target within its operations by 2050 analysts had shown a good measure of skepticism regarding the deal worried about the high price tag associated with the deal and the regulatory challenges that came with closing the sale to reflect the challenges the two companies had agreed to a price reduction from 285 billion to 265 billion algonquin chief executive arun banskota said monday that the decision to end the deal was due largely to the evolving macro environment and that bringing the kentucky assets into the fold was no longer in the companys best interest american electric said it would reimagine its strategy for the kentucky assets to maximize the full potential of the operations the company said there is no change in its equity financing forecast