ATEL Leasing Corporation Announces Transaction with AEP Indiana Michigan Power Company

ATEL Leasing Corporation (“ATEL”) is pleased to announce the completion of
a $14.5 million lease transaction with American Electric Power’s (AEP)
business unit, Indiana Michigan Power Company (“I&M”). The lease involves
Open Top Hopper Barges to be used for I&M’s Ohio River operations.“As one of the largest power companies in the nation, AEP contributes
significantly to the US economy and we are proud to have them as a customer
for many years,” said Dean Cash, Chairman and President, ATEL Capital
Group. “ATEL’s lease with I&M fulfills our charter to finance equipment
that fuels the US economy and supports its largest companies.”Indiana Michigan Power is headquartered in Fort Wayne, and its 2,450
employees serve more than 589,000 customers. I&M operates 2,600 megawatts
of coal-fired generation in Indiana, 2,160 megawatts of nuclear generation
in Michigan as well as sustainable sources of energy including 450
megawatts of purchased wind generation.