Zebula Named Treasurer Of American Electric Power
COLUMBUS, Ohio, Aug. 6, 2008 – Charles E. Zebula has been named senior vice president and treasurer of American Electric Power (NYSE: AEP), the company announced today. The change is effective Sept. 1.
Zebula, 48, was previously senior vice president – fuel, emissions and logistics for AEP. In his new position, Zebula will be responsible for AEP’s treasury and investor relations activities. He will report to Holly Koeppel, executive vice president and chief financial officer. Zebula replaces Julie Sloat, who left the company.
“Chuck put together a fuel and logistics organization that is the best in the business at managing the financial and logistical risks related to supplying fuel for our vast fleet of power plants,” said Michael G. Morris, AEP’s chairman, president and chief executive officer. “These new responsibilities provide Chuck with an opportunity to build on that experience while strengthening our management team. This also fits with our commitment to develop our next generation of senior leaders from within our organization.”
Timothy K. Light, 50, currently vice president – power projects and asset investments in AEP’s Commercial Operations group, will replace Zebula as senior vice president – fuel, emissions and logistics. He will report to Nick Akins, executive vice president – generation, and will be responsible for all fuel purchases and transportation logistics to AEP power plants; emissions marketing and position management; and purchasing of bulk commodities needed for post-combustion emission controls. Light will also be responsible for the management of AEP’s River Operations, Cook Coal Terminal, mining activities and rail car maintenance. Light’s promotion is effective Sept. 1.
Zebula has served as senior vice president – fuel, emissions and logistics since 2004. Prior to being named to that position, Zebula was senior vice president – asset and production management for AEP. Before joining AEP in 1998, Zebula was a senior associate for Putman, Hayes & Bartlett, an economic and management consulting firm located in Washington, D.C. Zebula also served as a process engineer with ICF Kaiser Engineers and GAF Corporation.
Zebula earned a Bachelor of Science degree in mining engineering and a Master of Science degree in mineral processing from The Pennsylvania State University. He received a Master of Science degree in Industrial Administration from Carnegie Mellon University.
Light has served as vice president – power projects and asset investments since 2002, responsible for acquisitions and divestitures, renewable energy initiatives, structuring and market analysis, and joint venture management. Prior to being named to that position, he served as executive director – business development, responsible for leading AEP’s wind energy development and acquisition program. Light held positions in business development, fuel procurement and accounting at Central & South West Corp. prior to that company’s merger with AEP in 2000.
Light holds a bachelor’s degree in business administration from Middle Tennessee State University and completed the Baylor University Management Development Program.
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.
Pat D. Hemlepp
Director, Corporate Media Relations