For More Information, Contact:
Pat D. Hemlepp
Manager, Media Relations
American Electric Power
614/223-1620
AEP Resources Selects Washington, D.C. Area For Latin American Development Office Site
Dec. 15, 1998•News Release
COLUMBUS, Ohio, Dec. 14, 1998 - AEP Resources, a subsidiary of American Electric Power (NYSE: AEP), has established its Latin American development office near Washington, D.C.
"We considered a variety of options before deciding to locate in the Washington area," said Jim Sweeney, AEP Resources vice president - Latin American development, who has been working from AEP Resources' headquarters in Columbus, Ohio. "Washington is a strategic hub for access into Latin America, from a business, a cultural and a transportation standpoint. In addition to being a truly international city, it provides access to the international investment and legal communities, embassies and associations, and offers convenient access to key cities in Latin America."
Sweeney and the development staff for Latin America will be located in Reston, Va., which is near Washington-Dulles International Airport.
AEP Resources pursues energy-related domestic and international investment opportunities and projects. AEP Resources is actively pursuing greenfield development projects or business and asset acquisition throughout North America, Latin America, Europe and the Asia/Pacific region. The company monitors global developments from its offices in Columbus, Ohio; London; Singapore; Washington, D.C.; Toronto; Beijing; and Sydney, Australia.
AEP Resources owns Louisiana Intrastate Gas, a fully integrated natural gas gathering, processing and storage operation in Louisiana; 50 percent of Yorkshire Electricity Group, a regional electric company in the United Kingdom; 70 percent of a two-unit power plant nearing completion in Nanyang City, Henan Province, China; and 20 percent of Pacific Hydro, an Australian company that develops and operates hydroelectric facilities. In November, AEP Resources was selected to acquire CitiPower, an electricity distribution and retail sales company serving approximately 240,000 customers in Melbourne, Australia. The transaction is expected to close by the end of 1998.
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.
---
The address for the new office is: AEP Resources Latin America Development, Commerce Executive Park III, 1850 Centennial Park Drive, Suite 480, Reston, Va., 20191
Share
Topic
Get Alerts
Get the most recent updates on what's happening at AEP.
Related News
April 13, 2026
News Release
American Electric Power (Nasdaq: AEP) has named Maryam S. Brown president and chief operating officer of Indiana Michigan Power (I&M), effective April 27. Brown will report to Bill Fehrman, AEP chairman, president and chief executive officer.
March 25, 2026
Feature
Students take on real-world grid resilience challenge at MakeOHI/O event