AEP Announces Organizational Changes

                     AEP Announces Organizational Changes

Zebula to head energy supply; Sloat to become treasurer

PR Newswire

COLUMBUS, Ohio, Dec. 14, 2012

COLUMBUS, Ohio, Dec. 14, 2012 /PRNewswire/ --American Electric Power (NYSE:
AEP) has announced organizational changes as part of a continuing
corporate-wide repositioning effort, according to Nicholas K. Akins, AEP
president and chief executive officer.

"We are redefining our organization to better address the business challenges
we face today and potential opportunities in the future," Akins said.

Charles E. Zebula, currently treasurer and senior vice president – Investor
Relations, will become executive vice president – Energy Supply, a new
position reporting to Robert P. Powers, executive vice president and chief
operating officer. Julie Sloat, currently vice president – Regulatory Case
Management, will become treasurer and senior vice president. Sloat will report
to Brian X. Tierney, executive vice president and chief financial officer.

Zebula will be responsible for separating AEP Ohio's generation from the
company's regulated fleet by Jan. 1, 2014, as required under Ohio's move to
enhance electric market deregulation.

"AEP is a regulated electric utility, with the vast majority of our operations
and earnings tied to rate-regulated electric utilities," Akins said. "But
Ohio's move to enhance electric market deregulation will shift much of AEP's
Ohio generation into a separate competitive business. This is an important
change for AEP. We're confident that Chuck's financial experience in leading
AEP's treasury functions, combined with his prior operational experience
running fuel procurement and our river operations business, makes him the
right person to manage the transition and ensure it is seamless."

Functions reporting to Zebula will include Commercial Operations; AEP Energy,
the company's retail marketing unit; AEP Energy Partners, the company's
wholesale power marketing unit; and AEP River Operations, the company's
dry-bulk barge transportation subsidiary.

Sloat will replace Zebula as AEP's treasurer.

"Julie is an obvious choice to replace Chuck as treasurer," Akins said. "She's
a familiar face and name for bankers and investors from relationships she
developed earlier in her career while in treasury and investor relations."

The changes are effective Jan. 1, 2013.

American Electric Power is one of the largest electric utilities in the United
States, delivering electricity to more than 5 million customers in 11 states.
AEP ranks among the nation's largest generators of electricity, owning nearly
38,000 megawatts of generating capacity in the U.S. AEP also owns the nation's
largest electricity transmission system, a nearly 39,000-mile network that
includes more 765-kilovolt extra-high voltage transmission lines than all
other U.S. transmission systems combined. AEP's transmission system directly
or indirectly serves about 10 percent of the electricity demand in the Eastern
Interconnection, the interconnected transmission system that covers 38 eastern
and central U.S. states and eastern Canada, and approximately 11 percent of
the electricity demand in ERCOT, the transmission system that covers much of
Texas. AEP's utility units operate as AEP Ohio, AEP Texas, Appalachian Power
(in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana
Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and
Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas).
AEP's headquarters are in Columbus, Ohio.

SOURCE American Electric Power

Contact: Media, Pat D. Hemlepp, Director, Corporate Media Relations,
+1-614-716-1620, or Analysts, Julie Sherwood, Director, Investor Relations,
+1-614-716-2663
 
Press spacebar to pause and continue. Press esc to stop.