COLUMBUS, Ohio, Oct. 16, 2006 – AEP Texas Central Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), announced that on Nov. 13, 2006, it will redeem the entire outstanding $275 million principal amount of its 5.50% Senior Notes, Series D, due Feb. 15, 2013.

The notes will be redeemed in accordance with the terms of the indenture under which they were issued, at the redemption price of 100 percent of the principal amount of the notes called for redemption, plus accrued interest to Nov. 13, 2006, and a make-whole premium to be determined three business days prior to Nov. 13, 2006, in accordance with the indenture.

The notice of redemption was mailed Oct. 13 to holders of record. The Bank of New York is the redemption agent and trustee.

American Electric Power is one of the largest electric utilities in the United States, delivering electricity to more than 5 million customers in 11 states. AEP ranks among the nation’s largest generators of electricity, owning nearly 36,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). American Electric Power, based in Columbus, Ohio, is celebrating its 100th anniversary in 2006.