COLUMBUS, Ohio, Dec. 1, 2006 – American Electric Power (NYSE: AEP) has completed its sale of the Plaquemine Cogeneration Facility in Plaquemine, La., to The Dow Chemical Company (NYSE: DOW).

In September, AEP announced that it had reached an agreement to sell the plant to Dow for $64 million and other considerations.

The 880-megawatt Plaquemine Cogeneration Facility has four 170-megawatt gas-fired combustion turbine generators and a 200-megawatt steam turbine. It began commercial operations on March 18, 2004. Steam from the cogeneration facility, located inside Dow Chemical’s plant near Baton Rouge, La., is supplied to Dow Chemical.

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. AEP ranks among the nation’s largest generators of electricity, owning nearly 36,000 megawatts of generating capacity in the U.S. AEP also owns the nation’s largest electricity transmission system, a nearly 39,000-mile network that includes more 765 kilovolt extra-high voltage transmission lines than all other U.S. transmission systems combined. AEP’s utility units operate as AEP Ohio, AEP Texas, Appalachian Power (in Virginia and West Virginia), AEP Appalachian Power (in Tennessee), Indiana Michigan Power, Kentucky Power, Public Service Company of Oklahoma, and Southwestern Electric Power Company (in Arkansas, Louisiana and east Texas). American Electric Power, based in Columbus, Ohio, is celebrating its 100th anniversary in 2006.