...Kentucky Power Co.'s (KPCo) ratings reflect the company's integrated electric utility asset base and credit supportive regulatory environment in Kentucky, somewhat offset by an economically challenged service territory. The rating also reflects the relationship with parent company, American Electric Power Company, Inc. (AEP), on which KPCo relies for equity contributions and access to short-term liquidity. The company owns 1,060MW of generating capacity and has a long-term power purchase agreement (PPA) on another 393MW (AEP Generating's portion of Rockport)....