The distribution to be paid June 30 will be paid in the usual manner to holders of record on June 29, 2004, in the amount of 50 cents per Series A Preferred Security.
After July 30, 2004, distributions on the securities will cease.
Notice of the redemption is expected to be mailed on or before June 29, 2004.
The redemption is in accordance with the terms of the amended and restated Trust Agreement among Central Power and Light Co. (now AEP Texas Central Co.), The Bank of New York as trustee, and certain administrative trustees. The quarterly income preferred securities are listed on the New York Stock Exchange.
The Bank of New York is the redemption agent and trustee for the trust preferred securities.
CUSIP #: 12615 P2 05
Ticker symbol: CPZ PrA
David Hagelin
Corporate Media Relations
614/716-1938
ANALYSTS CONTACT:
Bette Jo Rozsa
Managing Director, Investor Relations
614/716-2840