AEP Increases Dividend

The Board of Directors of American Electric Power Co. today approved an increase in the regular quarterly cash dividend on a share of the company’s common stock to 41 cents a share from the previous 39 cents a share.

The dividend is payable Dec. 10, 2007, to shareholders of record as of Nov. 9, 2007, and is the company’s 390th consecutive quarterly common stock cash dividend. AEP has paid a cash dividend on its common stock every quarter since July 1910.

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.



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