COLUMBUS, Ohio, March 30, 2004 - Appalachian Power Co., a public utility subsidiary of American Electric Power (NYSE: AEP), today announced that on May 1, 2004, it will redeem the entire outstanding principal amount of its First Mortgage Bonds, Designated Secured Medium-Term Notes, 7.125% Series due May 1, 2024, at 103.57% of the principal amount outstanding.

The redemption price of the bonds will include accrued interest to the date of redemption.

The notice of redemption is expected to be mailed on or before April 1, 2004. The redemption is in accordance with the terms of the indenture under which the first mortgage bonds were issued.

Deutsche Bank Trust Company Americas is the redemption agent and trustee.