COLUMBUS, Ohio, Oct. 22, 2003 - Ohio Power Co., a wholly owned operating subsidiary of American Electric Power (NYSE: AEP), today announced that on Nov. 25, 2003, it will redeem the entire outstanding $12,000,000 principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.10% Series due Nov. 1, 2023.

The bonds will be redeemed in accordance with the terms of the mortgage under which the bonds were issued, at the regular redemption price of 103.55% of the principal amount of the bonds, plus accrued interest to the date of redemption.

The notice of redemption is expected to be mailed on or before Oct. 24, 2003, to holders of record.

JPMorgan Chase Bank, New York, is the redemption agent and trustee.