AEP board elects Akins president, Morris remains chairman, CEO

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Columbus, Ohio, December 20, 2010 — American Electric Power’s board of directors has elected Nicholas K. Akins president, effective Jan. 1.

Akins, 50, is currently executive vice president of generation for AEP. He will succeed Michael G. Morris as president. Morris, who will continue as chairman of the board and chief executive officer, has held all three positions since joining the company on Jan. 1, 2004.

“Nick has extensive experience in a number of strategic areas in the AEP organization and has shown excellent leadership skills at each step of his career path,” Morris said. “I’m confident that Nick, as president, is the right person to help lead the company as we continue to execute our strategy to focus on our utility operations and increase shareholder value.”

Lester A. Hudson Jr., presiding director of AEP’s board, noted that the board conducted a search of internal and external candidates before electing Akins president. “It was obvious from our search that AEP has a strong team of internal leaders,” Hudson said. “This shows the success of efforts led by Mike to develop the next generation of AEP’s leaders from within.”

Akins currently is responsible for all generation activities of AEP’s about 38,000 MW of generation resources. This includes the engineering, construction, and operations of fossil and hydro generation, nuclear generation, fuels procurement, emissions and logistics and other resource initiatives such as new generation, environmental retrofits and carbon capture and storage. Akins also is responsible for the commercial operations, marketing and trading functions of the company.

Previously, he was president and chief operating officer for Southwestern Electric Power Co., an AEP utility serving approximately 439,000 customers in Louisiana, Arkansas and northeast Texas. Named to this position in 2004, he had authority for distribution operations and a wide range of customer and regulatory relationships.

Prior to this, Akins was vice president of energy marketing services, responsible for directing the activities of Market Development, including the transmission marketing and services functions, and Energy Delivery External Affairs including community affairs, economic development, and advocacy for regulatory and legislative positions within Energy Delivery.

Akins also was vice president of industry restructuring for AEP, responsible for enterprise-wide program management for restructuring initiatives in preparation for customer choice in AEP’s various jurisdictions.

Before Central and South West Corp.’s merger with AEP, he served in various director and manager roles within CSW and its operating companies involving mergers and acquisitions, industry restructuring, fuels, system dispatch operations and system planning.

Akins received a bachelor’s degree in electrical engineering in 1982 from Louisiana Tech University in Ruston and a master’s degree in electrical engineering in 1986 also from Louisiana Tech. He has completed executive management programs at Louisiana State University, the University of Idaho and the Reactor Technology Course for Utility Executives at the Massachusetts Institute of Technology.

Akins is a registered professional engineer in Texas. He currently serves as the chairman of the Coal Utilization Research Council, the vice chairman of the Electric Power Research Institute, and on the boards of the Mid-Ohio Food Bank and the Greater Columbus Arts Council.

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