AEP Subsidiary Indiana Michigan Power To Redeem Senior Notes
COLUMBUS, Ohio, Sept. 15, 2010 – Indiana Michigan Power Co., a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on Oct. 15, 2010, it will redeem the entire outstanding $150,000,000 principal amount of its 6.0% Senior Notes, Series D, due 2032 (NYSE: IJD). The notes will be redeemed at 100% of the principal amount outstanding (at par value of $25 per Senior Note) plus interest through the date of redemption. Interest payable on Sept. 30, 2010, will be paid in the usual manner.
Notice of the redemption is expected to be mailed Sept. 15, 2010. This redemption is in accordance with the terms of the indenture under which the notes were issued.
The Bank of New York Mellon Trust Company, N.A. is the redemption agent and trustee.