American Electric Power's Martin L. Mearhoff Appointed To Thermal Energy Board Of Directors.

Business Editors

OTTAWA--(BUSINESS WIRE)--Nov. 21, 2000

Thermal Energy International (Pink Sheets:TMGEF)(CDNX:TMG.) is pleased to announce that Martin L. "Marty" Mearhoff of American Electric Power (NYSE:AEP) has been appointed to the Company's Board of Directors on an interim basis effective immediately.

Mr. Mearhoff, AEP's Vice President, Renewable Energy and Advanced Technology, fills a vacancy on Thermal Energy's seven-member Board of Directors and will hold the position until the Company's next Annual meeting this spring.

Mr. Mearhoff has held several key management positions in AEP's power generation organization since starting his career with AEP in 1979. Mr. Mearhoff holds a bachelor's degree in nuclear engineering, a master's in mechanical engineering and an MBA. He is also a registered professional engineer.

Thermal Energy and AEP recently entered into a strategic alliance to deploy the Company's THERMALONOx(TM) nitrogen oxide (NOx) emissions control technology in North America at coal-fired power generating stations equipped with Wet Flue Gas Desulphurization (WFGD) scrubbers. AEP is funding the first THERMALONOx commercial-scale demonstration project on one of the 375 MW units at its Conesville, Ohio power station. The project's estimated value is US$15 million ($22.5M CAD).

AEP subsidiary AEP Pro Serv, Inc.(SM) will be the exclusive licensee for applications of THERMALONOx(TM) technology for WFGD scrubber-equipped coal-fired power generating stations in North America. AEP also has an option to acquire 2.9 million shares or up to 10% of Thermal Energy common stock as a price of $3.50 CAD per share (US$2.33) and warrants for an additional 10% at strike prices of $3.50 to $10 CAD.

Thermal Energy International Inc. is a leading provider to industry of unique cost-effective energy conservation and environmental compliance solutions headquartered in Ottawa, Canada. More on Thermal Energy can be found at www.thermalenergy.com. FLU-ACE(R) and THERMALONOx(TM) are trademarks of Thermal Energy. Common shares of Thermal Energy are traded on the Canadian Venture Exchange (CDNX) under the symbol TMG and on the OTC "Pink Sheets" in the U.S. as TMGEF.

American Electric Power is a multinational energy company based in Columbus, Ohio. AEP owns and operates more than 38,000 megawatts of generating capacity, making it one of America's largest generators of electricity. The company is also a leading wholesale energy marketer and trader, ranking second in the U.S. in electricity volume. AEP provides retail electricity to more than 9 million customers worldwide and has more than $35 billion in assets, primarily in the U.S. with holdings in select international markets. Wholly owned subsidiaries are involved in power engineering and construction services, energy management and telecommunications. Information about AEP and its subsidiaries is available on the World Wide Web at www.aep.com.

The contents of this release have neither been approved or disapproved by the Canadian Venture Exchange.

This press release contains statements of a forward-looking nature regarding future events. These statements are only predictions and actual events may differ materially. Please refer to documents that American Electric Power files from time to time with the Securities and Exchange Commission for a discussion of certain factors that could cause actual results to differ materially from those contained in the forward-looking statements.