PowerOne Partners With AEP Energy to Serve Commercial Customers

CHICAGO, Aug. 12, 2013 /PRNewswire/ -- PowerOne Corporation of Chicago recently signed a channel representative agreement with AEP Energy, an affiliate of American Electric Power (AEP). Headquartered in Columbus, Ohio, AEP is one of the largest electric utilities in the U.S., serving more than 5.3 million customers in 11 states. The agreement will allow PowerOne to act as a broker for AEP Energy's products and services to commercial, industrial and manufacturing organizations within deregulated electricity markets in the PJM Interconnection.

PowerOne is building a dedicated sales team to support this effort. This team will be headed by industry veterans with established track records of procuring sizable business accounts for competitive suppliers, such as AEP Energy.

This agreement demonstrates PowerOne's continuing commitment to establishing lucrative, mutually beneficial partnerships with the preeminent players in the competitive energy marketplace. Through partnerships and the company's own internal strategic initiatives, PowerOne is well positioned for growth and increased shareholder value in the burgeoning retail energy markets.

About PowerOne

PowerOne Corporation provides its customers with discounted electricity, both through its network of competitive suppliers and the company's own retail electricity supply offerings. Headquartered in Chicago, the company is positioned to grow with the competitive energy market and gain share through better pricing, superior service and effective marketing strategies. Please visit www.power1co.com for more information.

About AEP Energy

AEP Energy supplies electricity to business and residential customers in Illinois, Ohio and other deregulated electricity markets. AEP Energy also offers energy solutions, including demand response and energy efficiency services, nationwide. More information is available at www.aepenergy.com.

SOURCE PowerOne Corporation