The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from PR Newswire

AEP Subsidiary Ohio Power To Redeem Senior Notes

Monday, July 22, 2013

AEP Subsidiary Ohio Power To Redeem Senior Notes

14:12 EDT Monday, July 22, 2013

COLUMBUS, Ohio, July 22, 2013 /PRNewswire/ -- Ohio Power Company, a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on Aug. 12, 2013, it will redeem the entire outstanding $225 million principal amount of its 6.375 percent Senior Notes, Series I, due 2033. The notes will be redeemed at 100 percent of the principal amount outstanding (at par value of $100 per Senior Note) plus interest through the date of redemption.

Notice of the redemption was mailed July 12, 2013. This redemption is in accordance with the terms of the indenture under which the notes were issued.

Deutsche Bank Trust Company Americas is the redemption agent and trustee.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5.3 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 40,000-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

For further information: Media, Tammy Ridout, Corporate Media Relations, 614/716-2347, or Analysts, Bette Jo Rozsa, Managing Director, Investor Relations, 614/716-2840

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Customer Service
Globe Recognition
Mobile Apps
Other Sections