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Ohio Power files $500M registration statement

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Ohio Power files $500M registration statement

Ohio PowerCo. on May 6 filed a registration statement on Form S-3 for thepotential sale of up to $500 million of senior notes.

The AmericanElectric Power Co. Inc. subsidiary plans to use net proceeds fromthe sale to fund its construction program and for other general corporatepurposes relating to its utility business.

Pending such use, the company may temporarily invest theproceeds in short-term interest-bearing obligations.