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Mexico's President Fox Inaugurates the Bajio Power Facility

San Luis De LA Paz, Mexico - June 10, 2002 Mexico’s President Vicente Fox Quesada officially inaugurated Bajío, a 600 megawatt, natural gas-fired power facility, during a visit to the plant on Friday, June 7. The plant is owned by the Energía Azteca, a Mexican project company jointly owned by InterGen and American Electric Power (NYSE: AEP). The build, own and operate facility is in commercial operation near the municipality of San Luis de la Paz in the state of Guanajuato, approximately 160 miles from Mexico City.In 1999, Energía Azteca won the open bidding tendered by Mexico’s national electric utility, the Comisión Federal de Electricidad (CFE), to build Bajío in response to the increasing need for electric power required to support economic growth in Mexico’s central and northern regions.

Bajio was funded by the Inter-American Development Bank and U.S. Export-Import Bank. A consortium of commercial banks that included BNP Paribas, Deutsche Bank, Citibank and Dresdner Bank also helped fund the project. The facility was built by Bechtel Power under a turnkey contract.

In addition to the power facility, the Bajio project includes:
- A gas pipeline and the infrastructure to supply natural gas, which is connected to Pemex gas pipeline.

- A $4 million wastewater treatment facility that provides recycled cooling water for the plant as well as irrigation water for local farmers.

InterGen is a global power generation firm. The company is operating or building a total of 20 power stations representing 16,060 MW. It also has over 5000 additional MW of projects in active development. In Mexico, InterGen has played a leading role in the development of the Samalayuca, Bajio and La Rosita natural gas-fired power facilities. InterGen also has projects operating, under construction or in active development in the United States, the United Kingdom, the Philippines, Colombia, China, Egypt, Turkey, Brazil, Australia, the Netherlands, Spain and Singapore. InterGen is a Shell-Bechtel venture.

American Electric Power is a multinational energy company with a balanced portfolio of energy assets. AEP, the United States’ largest electricity generator, owns and operates more than 42,000 megawatts of generating capacity in the U.S. and select international markets. AEP is a leading wholesale energy marketer, ranking among North America's top providers of wholesale power and natural gas with a growing wholesale presence in European markets. In addition to electricity generation, AEP owns and operates natural gas pipeline systems, natural gas storage, coal mines, and the fourth-largest inland barge company in the U.S. AEP is also one of the largest electric utilities in the United States, with almost 5 million customers linked to AEP’s wires. The company is based in Columbus, Ohio.