Nov. 8, 2012 -- American Electric Power (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 trustee.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  American Electric Power Company, 8.75% Junior Subordinated Debentures, issued in $25 denominations, redeemable at the issuer's option on or after 3/1/2013 at $25 per share plus accrued and unpaid interest, and maturing 3/1/2063 which may be extended to 3/1/2068. Interest distributions of 8.75% ($2.1875) per annum are paid quarterly on 3/1, 6/1, 9/1 & 12/1 to holders of record on the record date which is the close of business on the day business day immediately preceding the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 10 consecutive years (but not beyond the maturity date). Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured, junior subordinated obligations of the company and will rank junior to all existing and future senior indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.75% $2.1875	$25.00 $25.00	Called for 12/19/2012 3/01/2068	Baa3 BB+ 8/06/2012	3/1, 6/1, 9/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.aep.com/
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Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

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Company's Email Address Links

Email Address	klkozero@aep.com
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Address and Phone Numbers

Address:   1 Riverside Plaza, 28th Floor, Columbus, OH 43215
Main Phone Number	614-716-1000
Fax Number	614-716-1823
Investor Relations   Kathleen Kozero	614-716-2819
Toll Free Phone Number	800-237-2667

CEO - Michael G. Morris

CFO - Brian X. Tierney