AEP To Redeem Junior Subordinated Debentures

                 AEP To Redeem Junior Subordinated Debentures

PR Newswire

COLUMBUS, Ohio, Nov. 8, 2012

COLUMBUS, Ohio, Nov. 8, 2012 /PRNewswire/ -- American Electric Power (NYSE:
AEP) today announced that on Dec. 19, 2012, it will redeem the entire
outstanding $315,000,000 principal amount of unsecured 8.75% Junior
Subordinated Debentures, at a redemption price equal to 100% of the principal
amount, plus accrued interest thereon to the date of redemption, and a
make-whole premium which will be determined three business days prior to the
redemption date.

Notice of the redemption is expected to be mailed Nov. 8, 2012. The
redemption is in accordance with the terms of the indenture under which the
Junior Subordinated Debentures were issued.

The Bank of New York Mellon Trust Company, N.A. is the redemption agent and

SOURCE American Electric Power

Contact: MEDIA CONTACT: Pat D. Hemlepp, Director, Corporate Media Relations,
+1-614-716-1620; ANALYSTS CONTACT: Bette Jo Rozsa, Managing Director, Investor
Relations, +1-614-716-2840
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