Appelt Elected AEP Energy Services' Senior Vice President Of Administration

Market Wire, 20050229

Steven A. Appelt has been promoted to senior vice president - administration for AEP Energy Services Inc., where he is responsible for the administrative functions of AEP's energy trading group, including the middle office and financial accounting functions. His appointment was effective Jan. 1.

AEP Energy Services, a subsidiary of American Electric Power (NYSE:AEP), markets and trades energy commodities and provides related services.

"I'm very pleased to announce Steve's promotion," said Paul D. Addis, president of AEP Energy Services. "His contributions to our growth have been enormous, and this promotion is richly deserved."

Appelt, 40, joined AEP Energy Services in 1998 as vice president - administration. His more than 13 years of energy trading experience include 10 years with Phibro Energy, a division of Salomon Inc., and two years as chief financial officer for Enron Oil Trading & Transportation.

Appelt holds a bachelor's degree in accounting from Northern Illinois University. He is a certified public accountant and a member of the Illinois CPA Society.

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.