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Firm Represents AEP In Wind Power Purchase Agreements

April 13, 2009

Houston (April 13, 2009) – Bracewell & Giuliani LLP recently served as counsel to leading U.S. utility company American Electric Power (AEP) in the negotiation and drafting of power purchase agreements (PPAs) for more than 600 megawatts (MWs) of renewable wind energy.

In the past six months, six of AEP's utility operating companies signed seven PPAs with five different wind power project developers, bringing AEP closer to its goal to boost the electricity delivered to AEP's customers from wind-power facilities an additional 1,000 MW by 2011. The electricity covered by these recent PPAs totals 628.4 MWs generated by wind turbines located in West Virginia, Illinois, Oklahoma, Indiana, and Texas. Since 2007, with the advice and assistance of Bracewell, the utility company has purchased a total of 903.4 MWs of wind energy from third-party developers through PPAs, with terms of 20 years each.

Led by Walter Keneally in the Houston office, Bracewell has a team of experienced transactional lawyers with a comprehensive understanding of the renewable energy industry, both in the U.S. and internationally.