AEP Promotes Bruce Braine to Senior Vice President of Energy Services Subsidiary
COLUMBUS, Ohio, Aug. 26, 1999 -- Bruce H. Braine has been promoted to senior vice president - analysis for AEP Energy Services Inc., a subsidiary of American Electric Power (NYSE: AEP) that markets and trades energy commodities and provides related services.
The promotion coincides with an expansion in the scope of Braine’s responsibilities. He will now assume responsibility for commercial analysis of all aspects of AEP’s wholesale business unit. Braine will continue to report to Paul D. Addis, president of AEP Energy Services. Braine joined the company in June 1997 as vice president - analysis.
"Bruce will retain responsibility for the development of analyses of power, natural gas and other energy markets to support our wholesale business activities,” said Addis. “In addition, Bruce now takes on added responsibilities of evaluating and assessing coal market and generation investment decisions we may consider.”
Braine, 45, joined AEP Energy Services from the Washington, D.C., economic and management consulting firm of Putnam, Hayes and Bartlett, where he was a principal in the firm.
Before joining Putnam, Hayes and Bartlett in April 1996, Braine had been a senior vice president at ICF-Kaiser International, where he directed ICF's $6 million electric utility business unit. He began his work at ICF-Kaiser International in 1980 and subsequently was promoted to project manager in 1984, vice president in 1988 and senior vice president in 1995. Braine also spent two years as a securities analyst at Fidelity Union Trust Co.
He received his bachelor's degree from Brown University in 1976 and earned a master's degree in business administration from Stanford University in 1980.
AEP, a global energy company, is one of the United States' largest investor-owned utilities, providing energy to 3 million customers in Indiana, Kentucky, Michigan, Ohio, Tennessee, Virginia and West Virginia. AEP has holdings in the United States, the United Kingdom, China and Australia. Wholly owned subsidiaries provide power engineering, energy consulting and energy management services around the world. The company is based in Columbus, Ohio. On Dec. 22, 1997, AEP announced a definitive merger agreement for a tax-free, stock-for-stock transaction with Central and South West Corp., a public utility holding company based in Dallas.
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Pat D. Hemlepp
Manager, Media Relations
American Electric Power