N EWS R ELEASES

November 23, 2004

AEP sells NUMANCO to Bartlett Services

COLUMBUS, Ohio, Nov. 22, 2004 - American Electric Power (NYSE: AEP) has completed the sale of NUMANCO LLC to Bartlett Holdings Inc. for $25 million. The sale will have no significant effect on AEP’s results from operations.

November 11, 2004

Live webcast scheduled of AEP CFO’s presentation at Banc of America event

COLUMBUS, Ohio, Nov. 11, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by Susan Tomasky, executive vice president and chief financial officer, at the Banc of America Securities Energy & Power Conference in Las Vegas Nov. 16. The presentation to an audience of investors, scheduled for 3:10 p.m. EST, will be accessible through the Internet at http://www.aep.com/go/webcast and will be available after the live event.

October 26, 2004

American Electric Power declares quarterly dividend on common stock

The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.

October 21, 2004

AEP REPORTS 2004 THIRD-QUARTER EARNINGS

• Third-quarter results: GAAP $1.34 per share, ongoing $0.80 per share
• Higher industrial demand, lower expenses help offset mild weather, ECOM absence
• Company affirms previous 2004 ongoing earnings guidance range of $2.20 to $2.40

October 21, 2004

Live webcast scheduled of AEP presentation at EEI conference

COLUMBUS, Ohio, Oct. 20, 2004 - American Electric Power (NYSE: AEP) has scheduled a live webcast of a presentation by a panel of AEP executives at the 39th annual Edison Electric Institute Financial Conference in San Diego Oct. 26. The presentation to an audience of investors is scheduled for 2:15 p.m. EDT and will highlight AEP’s environmental initiatives, fuel procurement activities, generation operations and associated energy marketing activities.

August 31, 2004

AEP names Sloat vice president - investor relations; Pena to retire at end of 2004

COLUMBUS, Ohio, Aug. 31, 2004 - Julie Sloat has been named vice president - investor relations for American Electric Power (NYSE: AEP), effective immediately. She had been managing director - investor relations. In addition, Armando Peña, senior vice president - financial policy, announced that he will retire at the end of 2004 after 33 years with AEP.

July 30, 2004

AEP REPORTS 2004 SECOND-QUARTER EARNINGS

• Second-quarter results: GAAP $0.25 per share, ongoing $0.38 per share
• Improving economy, weather boost regulated utilities´ sales, gross margin
• Higher O&M costs driven by increased maintenance activity, storms
• Company affirms previous ongoing earnings guidance range for 2004

July 27, 2004

American Electric Power declares quarterly dividend on common stock

COLUMBUS, Ohio, July 27, 2004 - The Board of Directors of American Electric Power Co. (NYSE: AEP) today declared a regular quarterly cash dividend of 35 cents a share on the company’s common stock.

June 28, 2004

CPL Capital I to redeem trust preferred securities

COLUMBUS, Ohio, June 28, 2004 - American Electric Power (NYSE: AEP) announced today that on July 30, 2004, CPL Capital I, its trust subsidiary, will redeem all of its outstanding 8.00% Cumulative Quarterly Income Preferred Securities, Series A, at $25 per share plus a distribution amount of 8 percent computed from June 30, 2004, to July 30, 2004.

June 4, 2004

AEP to sell TCC share of Oklaunion to facility co-owner; Brownsville Public Utilities Board exercises right of first refusal

COLUMBUS, Ohio, June 4, 2004 - American Electric Power (NYSE: AEP) subsidiary Texas Central Co. (formerly known as Central Power and Light) has signed an agreement to sell its 7.8 percent share of Oklaunion Power Station to the City of Brownsville, Texas (Brownsville Public Utilities Board), for $42.75 million after Brownsville exercised its right of first refusal for the AEP Texas Central Co. (TCC) share of Oklaunion.