11/1/2004
PSO Announces Request For Proposals For Renewable-Energy Generation

TULSA, Okla., Nov. 1, 2004 – Public Service Company of Oklahoma (PSO) today announced a Request for Proposals (RFP) for renewable energy to help fulfill energy-supply requirements for its customers.
 
The request was issued for PSO and its sister company, Southwestern Electric Power Co. (SWEPCO), by parent company American Electric Power (NYSE: AEP). Proposals for up to 250 megawatts of renewable-energy generation within the Southwest Power Pool, which includes PSO and SWEPCO, are due Dec. 1, 2004. AEP expects to complete agreements with any successful bidders in March 2005.
 
AEP is seeking bids from renewable-energy providers that could place new generating facilities into service by Dec. 31, 2005. The recently extended federal Production Tax Credit (PTC) provides owners of renewable resources a tax credit equal to $18 per megawatt-hour for 10 years beginning on the facilities’ in-service date. It applies to renewable energy resources that are operational by the end of 2005.
           
“This RFP is another demonstration of PSO’s significant commitment to providing cost-effective renewable energy for our customers,” said Stuart Solomon, PSO president and chief operating officer. “In June, PSO signed a 20-year contract to purchase up to 106.5 megawatts of Oklahoma-generated wind power, enough to supply the power needs of 31,000 Oklahoma customers.”
 
Generation technologies eligible to bid into the RFPs include wind, solar, hydroelectric, geothermal, biomass and biomass-based waste products, including landfill gas.
 
The RFP and related information can be accessed at http://www.aep.com/go/RenewablesRFP
 
PSO, a unit of American Electric Power, is an electric utility company serving more than 505,000 customers in eastern and southwestern Oklahoma. Based in Tulsa, PSO has more than 4,000 megawatts of generating capacity and offers some of the lowest energy prices in the United States. PSO news releases are archived at PSOklahoma.com.
 
American Electric Power owns more than 36,000 megawatts of generating capacity in the United States and is the nation’s largest electricity generator. AEP is also one of the largest electric utilities in the United States, with more than 5 million customers linked to AEP’s 11-state electricity transmission and distribution grid. The company is based in Columbus, Ohio.

This report made by AEP and certain of its subsidiaries contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Although AEP and each of its registrant subsidiaries believe that their expectations are based on reasonable assumptions, any such statements may be influenced by factors that could cause actual outcomes and results to be materially different from those projected. Among the factors that could cause actual results to differ materially from those in the forward-looking statements are: electric load and customer growth; weather conditions; available sources and costs of fuels; availability of generating capacity and the performance of AEP’s generating plants; the ability to recover regulatory assets and stranded costs in connection with deregulation; new legislation and government regulation including requirements for reduced emissions of sulfur, nitrogen, mercury, carbon and other substances; resolution of pending and future rate cases, negotiations and other regulatory decisions (including rate or other recovery for environmental compliance); oversight and/or investigation of the energy sector or its participants; resolution of litigation (including pending Clean Air Act enforcement actions and disputes arising from the bankruptcy of Enron Corp.); AEP´s ability to reduce its operation and maintenance costs; the success of disposing of investments that no longer match AEP´s business model; AEP´s ability to sell assets at acceptable prices and on other acceptable terms; international and country-specific developments affecting foreign investments including the disposition of any foreign investments; the economic climate and growth in AEP´s service territory and changes in market demand and demographic patterns; inflationary trends; AEP´s ability to develop and execute a strategy based on a view regarding prices of electricity, natural gas, and other energy-related commodities; changes in the creditworthiness and number of participants in the energy trading market; changes in the financial markets, particularly those affecting the availability of capital and AEP´s ability to refinance existing debt at attractive rates; actions of rating agencies, including changes in the ratings of debt and preferred stock; volatility and changes in markets for electricity, natural gas, and other energy-related commodities; changes in utility regulation, including the establishment of a regional transmission structure; accounting pronouncements periodically issued by accounting standard-setting bodies; the performance of AEP´s pension plan; prices for power that AEP generates and sells at wholesale; changes in technology and other risks and unforeseen events, including wars, the effects of terrorism (including increased security costs), embargoes and other catastrophic event


Jeff Rennie
Corporate Communications
405-841-1311

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Privacy Policy for Public Service Company of Oklahoma (PSO), a unit of American Electric Power (AEP)

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PSO uses Flurry Analytics Service (provided by Yahoo) in order to improve its mobile apps. Flurry’s privacy policy governs the use of this information.

Also, PSO reserves the right to share any aggregated information (i.e., non-personally identifiable information) with any third parties for any reason, unless prohibited by law.

We will not sell, rent or otherwise disclose the information we gather about you or your account to any third party, except as outlined in this Privacy Policy.

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This policy was last revised on December 13, 2017.

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