COLUMBUS, Ohio, May 30, 2012 — The following statement can be attributed to AEP Ohio President and Chief Operating Officer Pablo Vegas:
“Today’s decision by the Public Utilities Commission of Ohio (PUCO) to extend the temporary capacity charge is appropriate. We commend the PUCO for taking the time necessary to fully consider the implications that moving to a competitive market in Ohio will have for electricity consumers and AEP Ohio.
“AEP Ohio is ready to embrace electricity competition, but the transition must be done in a manner that doesn’t unduly harm or unfairly enrich any individual utility or retail energy provider, while providing benefits for consumers. We’re committed to working with the PUCO to achieve a fair regulatory outcome, similar to what has been provided for other Ohio utilities, that allows for a reasonable transition to full competition over the next few years.”