Merrill Lynch & Co. is planning to lead a loan of approximately $2 billion to support the $2.4 billion purchase of England's Yorkshire Energy by American Electric Power Co. and Public Service Company of Colorado.

A joint venture of the two American utilities, called Yorkshire Holdings, hopes to purchase the West Yorkshire-based power supplier by the end of April.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.