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Previous: TIE COMMUNICATIONS INC, DEF 14A, 1994-04-29 |
Next: BANK OF NEW HAMPSHIRE CORP, 10-Q, 1994-04-29 |
<PAGE>
Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1993 and Ending December 31, 1993
TO THE
U. S. SECURITIES AND EXCHANGE COMMISSION
OF
American Electric Power Service Corporation
(Exact Name of Reporting Company)
A Subsidiary Service Company
Date of Incorporation December 17, 1937. If not Incorporated,
Date of Organization
State or Sovereign Power under which Incorporated or Organized
New York
Location of Principal Executive Offices of Reporting Company
1 Riverside Plaza, Columbus, Ohio 43215
Name, title, and address of officer to whom correspondence
concerning this report should be addressed:
1 Riverside Plaza
Gerald R. Knorr Assistant Treasurer Columbus, Ohio 43215
(Name) (Title) (Address)
Name of Principal Holding Company under which Reporting Company is
organized:
AMERICAN ELECTRIC POWER COMPANY, INC. <PAGE>
<PAGE>
1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.--Rule 94 provides that on or before the first
day of May in each calendar year, each mutual service company and
each subsidiary service company as to which the Commission shall
have made a favorable finding pursuant to Rule 88, and every
service company whose application for approval or declaration
pursuant to Rule 88 is pending shall file with the Commission an
annual report on Form U-13-60 and in accordance with the Instruc-
tions for that form.
2. Number of Copies.--Each annual report shall be filed in dupli-
cate. The company should prepare and retain at least one extra
copy for itself in case correspondence with reference to the
report becomes necessary.
3. Period Covered by Report.--The first report filed by any
company shall cover the period from the date the Uniform System of
Accounts was required to be made effective as to that company
under Rules 82 and 93 to the end of that calendar year. Sub-
sequent reports should cover a calendar year.
4. Report Format.--Reports shall be submitted on the forms pre-
pared by the Commission. If the space provided on any sheet of
such form is inadequate, additional sheets may be inserted of the
same size as a sheet of the form or folded to such size.
5. Money Amounts Displayed.--All money amounts required to be
shown in financial statements may be expressed in whole dollars,
in thousands of dollars or in hundred thousands of dollars, as
appropriate and subject to provisions of Regulation S-X
(S210.3-01(b)).
6. Deficits Displayed.--Deficits and other like entries shall be
indicated by the use of either brackets or a parenthesis with
corresponding reference in footnotes. (Regulation S-X,
S210.3-01(c)).
7. Major Amendments or Corrections.--Any company desiring to
amend or correct a major omission or error in a report after it
has been filed with the Commission shall submit an amended report
including only those pages, schedules, and entries that are to be
amended or corrected. A cover letter shall be submitted request-
ing the Commission to incorporate the amended report changes and
shall be signed by a duly authorized officer of the company.
8. Definitions.--Definitions contained in Instruction 01-8 to the
Uniform System of Accounts for Mutual Service Companies and Sub-
sidiary Service Companies, Public Utility Holding Company Act of
1935, as amended February 2, 1979 shall be applicable to words or
terms used specifically within this Form U-13-60.
9. Organization Chart.--The service company shall submit with
each annual report a copy of its current organization chart.
(Cont'd)<PAGE>
<PAGE>
1A
INSTRUCTIONS FOR USE OF FORM U-13-60
10. Methods of Allocation.--The service company shall submit with
each annual report a listing of the currently effective methods of
allocation being used by the service company and on file with the
Securities and Exchange Commission pursuant to the Public Utility
Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.--
The service company shall submit with each annual report a copy of
the annual statement supplied to each associate company in support
of the amount of compensation for use of capital billed during the
calendar year.<PAGE>
<PAGE>
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Page
Number
Schedule
Description of Schedules and Accounts or Account
Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
SERVICE COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR
DEPRECIATION AND AMORTIZATION
OF SERVICE COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED
ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE
COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE
COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35<PAGE>
<PAGE>
3
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Page
Number
Description of Reports or Statements
ORGANIZATION CHART 36
METHODS OF ALLOCATION 37
ANNUAL STATEMENT OF COMPENSATION FOR USE OF
CAPITAL BILLED 38
SIGNATURE CLAUSE 39<PAGE>
<PAGE>
<TABLE>
4
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
<CAPTION>
For the Year Ended December 31, 1993
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the company as of December 31 of the current and prior year.
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
(In Thousands)
SERVICE COMPANY PROPERTY
<S> <S> <C> <C>
101 Service company property (Schedule II) $195,689 $197,280
107 Construction work in progress (Schedule II) 3 --
Total Property 195,692 197,280
108 Less accumulated provision for depreciation and
amortization of service company property
(Schedule III) 57,005 51,183
Net Service Company Property 138,687 146,097
INVESTMENTS
123 Investments in associate companies (Schedule IV) -- --
124 Other investments (Schedule IV) 5,821 6,413
Total Investments 5,821 6,413
CURRENT AND ACCRUED ASSETS
131 Cash 2 4
134 Special deposits 567 594
135 Working funds 173 188
136 Temporary cash investments (Schedule IV) -- --
141 Notes receivable 25 46
143 Accounts receivable 73 7,589
144 Accumulated provision for uncollectible
accounts -- --
146 Accounts receivable from associate
companies (Schedule V) 59,463 58,730
152 Fuel stock expenses undistributed (Schedule VI) -- --
154 Materials and supplies -- --
163 Stores expense undistributed (Schedule VII) -- --
165 Prepayments 1,713 1,690
174 Miscellaneous current and accrued
assets (Schedule VIII) -- --
Total Current and Accrued Assets 62,016 68,841
DEFERRED DEBITS
181 Unamortized debt expense 7,868 8,544
184 Clearing accounts -- --
186 Miscellaneous deferred debits (Schedule IX) 4,568 2,650
188 Research, development, or demonstration
expenditures (Schedule X) -- --
190 Accumulated deferred income taxes 17,412 8,112
Total Deferred Debits 29,848 19,306
TOTAL ASSETS AND OTHER DEBITS $236,372 $240,657
/TABLE
<PAGE>
<PAGE>
<TABLE>
5
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
<CAPTION>
For the Year Ended December 31, 1993
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPTIAL AS OF DECEMBER 31
CURRENT PRIOR
(In Thousands)
<S> <S> <C> <C>
PROPRIETARY CAPITAL
201 Common stock issued (Schedule XI) $ 1,350 $ 1,350
211 Miscellaneous paid-in-capital (Schedule XI) -- --
215 Appropriated retained earnings (Schedule XI) -- --
216 Unappropriated retained earnings (Schedule XI) -- --
Total Proprietary Capital 1,350 1,350
LONG-TERM DEBT
223 Advances from associate companies (Schedule XII) 1,100 1,100
224 Other long-term debt (Schedule XII) 90,000 95,000
225 Unamortized premium on long-term debt -- --
226 Unamortized discount on long-term debt-debit -- --
Total Long-term Debt 91,100 96,100
OTHER NONCURRENT LIABILITIES
224.5 Obligations under capital leases 31,574 34,945
224.6 Other 6,895 6,339
Total Other Noncurrent Liabilities 38,469 41,284
CURRENT AND ACCRUED LIABILITIES
231 Notes payable 3,997 3,212
232 Accounts payable 5,644 5,815
233 Notes payable to associate companies
(Schedule XIII) -- --
234 Accounts payable to associate companies
(Schedule XIII) 20,804 37,051
236 Taxes accrued 6,120 2,028
237 Interest accrued 431 519
238 Dividends declared -- --
241 Tax collections payable 349 54
242 Miscellaneous current and accrued liabilities
(Schedule XIII) 30,907 19,070
Total Current and Accrued Liabilities 68,252 67,749
DEFERRED CREDITS
253 Other deferred credits 9,060 1,811
255 Accumulated deferred investment tax credits 1,735 2,120
Total Deferred Credits 10,795 3,931
282 ACCUMULATED DEFERRED INCOME TAXES 26,406 30,243
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $236,372 $240,657
Note: Other Long-Term Debt and Obligations Under Capital Leases include
amounts due within one year. See notes 6 and 7, Schedule XIV. Other
noncurrent liabilities include amounts due within one year of $494,000
at December 31, 1993 and $346,000 at December 31, 1992.
/TABLE
<PAGE>
<PAGE>
<TABLE>
6
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE II - SERVICE COMPANY PROPERTY
<CAPTION>
BALANCE AT RETIREMENTS OTHER BALANCE AT
BEGINNING ADDITIONS OR CHANGES 1/ CLOSE OF
DESCRIPTION OF YEAR SALES YEAR
(In Thousands)
SERVICE COMPANY PROPERTY
Account
<S> <S> <C> <C> <C> <C> <C>
301 ORGANIZATION $ -- $ -- $ -- $ -- $ --
303 MISCELLANEOUS
INTANGIBLE PLANT -- -- -- -- --
304 LAND AND LAND RIGHTS 5,108 -- -- -- 5,108
305 STRUCTURES AND
IMPROVEMENTS 140,709 1 -- -- 140,710
306 LEASEHOLD IMPROVEMENTS 418 4 -- -- 422
307 EQUIPMENT 2/ -- -- -- -- --
308 OFFICE FURNITURE AND
EQUIPMENT 1,019 -- -- -- 1,019
309 AUTOMOBILES, OTHER
VEHICLES AND RELATED
GARAGE EQUIPMENT -- -- -- -- --
310 AIRCRAFT AND AIRPORT
EQUIPMENT -- -- -- -- --
311 OTHER SERVICE COMPANY
PROPERTY 3/ 50,026 5,826 7,422 -- 48,430
SUB-TOTAL 197,280 5,831 7,422 -- 195,689
107 CONSTRUCTION WORK IN
PROGRESS 4/ -- 5,834 -- (5,831) 3
TOTAL $197,280 $11,665 $7,422 $(5,831) $195,692
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
The amount of $5,831 represents assets transferred to "in-service"
during 1993.
/TABLE
<PAGE>
<PAGE>
<TABLE>
7
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE SERVICE COMPANY SHALL
PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING THE YEAR AND THE BALANCE
AT THE CLOSE OF THE YEAR:
BALANCE AT
SUBACCOUNT DESCRIPTION ADDITIONS CLOSE OF YEAR
<S> <C> <C>
Not Applicable $ -0- $ -0-
TOTAL $ -0- $ -0-
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
Includes leased assets which have been capitalized
in accordance with FASB Statement Nos. 13 and 71.
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
Improvements - Lancaster Office Building
/TABLE
<PAGE>
<PAGE>
<TABLE>
8
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF SERVICE COMPANY PROPERTY
BALANCE AT ADDITIONS OTHER CHANGES BALANCE AT
DESCRIPTION BEGINNING CHARGED RETIREMENTS ADD (DEDUCT) CLOSE OF
OF YEAR TO 1/ YEAR
ACCOUNT 403
Account (In Thousands)
<S> <S> <C> <C> <C> <C> <C>
301 ORGANIZATION $ -- $ -- $ -- $ -- $ --
303 MISCELLANEOUS
INTANGIBLE
PLANT -- -- -- -- --
304 LAND AND LAND
RIGHTS -- -- -- -- --
305 STRUCTURES AND
IMPROVEMENTS 35,892 3,969 -- -- 39,861
306 LEASEHOLD
IMPROVEMENTS 167 33 -- 4 204
307 EQUIPMENT -- -- -- -- --
308 OFFICE
FURNITURE AND
FIXTURES 65 41 -- -- 106
309 AUTOMOBILES,
OTHER VEHICLES
AND RELATED
GARAGE EQUIPMENT -- -- -- -- --
310 AIRCRAFT AND
AIRPORT EQUIPMENT -- -- -- -- --
311 OTHER SERVICE
COMPANY PROPERTY 15,059 1 7,144 8,918 16,834
TOTAL $51,183 $4,044 $7,144 $8,922 $57,005
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
Includes current year's amortization of leased assets.
/TABLE
<PAGE>
<PAGE>
<TABLE>
9
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each
investment separately.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
(In Thousands)
<S> <C> <C>
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES
NONE
ACCOUNT 124 - OTHER INVESTMENTS
Cash Surrender Value of Life
Insurance Policies (net of policy
loans and accrued interest) $3,139 $3,471
Postretirement Medical Contribution 3,238 --
Umbrella Trust -- 2,279
Notes Receivable Constructive
Marketing Program 36 71
Sub-Total Other Investments 6,413 5,821
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS
NONE
TOTAL $6,413 $5,821
/TABLE
<PAGE>
<PAGE>
<TABLE>
10
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided
accommodation or convenience payments for associate companies, a
separate listing of total payments for each associate company by
subaccount should be provided.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM (In Thousands)
ASSOCIATE COMPANIES
<S> <C> <C>
Associate Companies
AEP Energy Services, Inc. $ 22 $ 82
AEP Generating Company 236 509
American Electric Power Company, Inc. 224 81
Appalachian Power Company 26,659 19,250
Appalachian Power Company (Commercial PFBC) 30 3
Appalachian/Ohio Power Joint Account (Amos) 111 161
Appalachian/Ohio Power Joint Account (Sporn) 34 139
Blackhawk Coal Company/Price River Coal Company 3 9
Cardinal Operating Company 144 262
Cedar Coal Co. 11 17
Central Appalachian Coal Company 1 1
Central Coal Company -- 1
Central Ohio Coal Company 234 257
Central Operating Company 48 35
Columbus Southern Power Company 13,385 11,625
Columbus Southern Power (Zimmer Conversion Project) 41 1
Conesville Coal Preparation Company 30 75
Indiana Michigan Power Company 5,067 9,606
Indiana Michigan Power/AEP Generating Joint
Account (Rockport) 197 538
SUB-TOTAL 46,477 42,652
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
BY COMPANY: (In Thousands)
Associate Companies
AEP Energy Services, Inc. $ 34
AEP Generating Company 8
AEP Investments, Inc. 1
American Electric Power Company, Inc. (11)
Appalachian Power Company 279,864
Appalachian/Ohio Power Joint Account (Amos) 43
Appalachian/Ohio Power Joint Account (Sporn) 27
Blackhawk Coal Company/Price River Coal Company 74
Cardinal Operating Company 130
Cedar Coal Co. 14
Central Appalachian Coal Company 4
SUB-TOTAL PAYMENTS 280,188
</TABLE>
(Cont'd)<PAGE>
<PAGE>
<TABLE>
10A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided
accommodation or convenience payments for associate companies, a
separate listing of total payments for each associate company by
subaccount should be provided.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM (In Thousands)
ASSOCIATE COMPANIES
<S> <C> <C>
Sub-Total Brought Forward 46,477 42,652
Indiana Michigan Power Company-Water Transportation 712 291
Kanawha Valley Power Company 6 8
Kentucky Power Company 1,038 2,184
Kingsport Power Company 497 268
Ohio Power Company 5,924 10,650
Ohio Power Company-Cook Coal Terminal 52 99
Ohio Power Company (Gavin) 1,638 742
Ohio Power Company (Tidd PFBC) 6 2
Price River Coal Company 104 --
Simco, Inc. 2 1
Southern Appalachian Coal Company 1 4
Southern Ohio Coal Company 508 1,074
Wheeling Power Company 185 345
Windsor Coal Company 145 336
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 1,298 579
Ohio Valley Electric Corporation 137 228
TOTAL $58,730 $59,463
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
(In Thousands)
Sub-Total Brought Forward 280,188
Central Coal Company 25
Central Ohio Coal Company 1,112
Central Operating Company 1,259
Columbus Southern Power Company 136,655
Conesville Coal Preparation Company 111
Franklin Real Estate Company 1
Indiana Michigan Power Company 16,552
Indiana Michigan Power/AEP Generating Joint Account (Rockport) 1,079
Indiana Michigan Power Company-Water Transportation 1,786
Indiana Franklin Realty, Inc. 1
Kanawha Valley Power Company 54
Kentucky Power Company 8,905
Kingsport Power Company 460
SUB-TOTAL PAYMENTS 448,188
</TABLE>
(Cont'd)<PAGE>
<PAGE>
<TABLE>
10B
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the service company has provided
accommodation or convenience payments for associate companies, a
separate listing of total payments for each associate company by
subaccount should be provided.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM
ASSOCIATE COMPANIES
TOTAL
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
(In Thousands)
<S> <C>
Sub-Total Brought Forward 448,188
Ohio Power Company 39,124
Ohio Power Company-Cook Coal Terminal 58
Ohio Power Company (Tidd PFBC) 120
Simco, Inc. 1
Southern Appalachian Coal Company 12
Southern Ohio Coal Company 1,652
West Virginia Power Company 1
Wheeling Power Company 646
Windsor Coal Company 624
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 9
Ohio Valley Electric Corporation 4
TOTAL PAYMENTS $490,439
Convenience payments paid by the Service Corporation on behalf of System Companies were
primarily for interchange power pool, transmission agreement, employee benefit plans,
advertising (set up costs), insurance, trustee fees, membership dues and miscellaneous
activities.
/TABLE
<PAGE>
<PAGE>
<TABLE>
11
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
fuel stock expenses during the year and indicate amount attributable
to each associate company. Under the section headed "Summary" listed
below give an overall report of the fuel functions performed by the
service company.
_____________________________________________________________________________________
D E S C R I P T I O N LABOR EXPENSES TOTAL
(In Thousands)
ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED
<S> <C> <C> <C>
Associate Companies
AEP Generating Company $ 1 $ -- $ 1
Appalachian Power Company 887 457 1,344
Appalachian/Ohio Power Joint Account (Amos) 8 5 13
Appalachian/Ohio Power Joint Account (Sporn) 1 4 5
Blackhawk Coal Company 47 24 71
Cardinal Operating Company 200 107 307
Cedar Coal Co. 71 34 105
Central Coal Company 4 2 6
Central Ohio Coal Company 1,579 860 2,439
Columbus Southern Power Company 636 323 959
Conesville Coal Preparation Company 275 142 417
Indiana Michigan Power Company 221 118 339
Indiana Michigan Power/AEP Generating Joint
Account (Rockport) 465 256 721
Indiana Michigan Power Company-Water Transportation 582 290 872
Kentucky Power Company 205 107 312
Kingsport Power Company 3 1 4
Ohio Power Company 1,123 598 1,721
Ohio Power Company-Cook Coal Terminal 494 247 741
Ohio Power Company (Gavin) 1 -- 1
Simco, Inc. 15 9 24
Southern Appalachian Coal Company 10 5 15
Southern Ohio Coal Company 4,146 2,220 6,366
Wheeling Power Company 3 1 4
Windsor Coal Company 1,211 646 1,857
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 107 50 157
Ohio Valley Electric Corporation 170 74 244
TOTAL $12,465 $6,580 $19,045
SUMMARY: Managerial, engineering, technical and administrative services rendered to
AEP System coal mining companies, and coal procurement services rendered to
AEP System generating companies.
/TABLE
<PAGE>
<PAGE>
<TABLE>
12
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expense during the year and indicate amount attributable to
each associate company.
D E S C R I P T I O N LABOR EXPENSES TOTAL
(In Thousands)
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED
<S> <C> <C> <C>
Associate Companies
AEP Generating Company $ 96 $ 66 $ 162
Appalachian Power Company 377 561 938
Appalachian/Ohio Power Joint Account (Amos) 8 76 84
Appalachian/Ohio Power Joint Account (Sporn) 5 46 51
Cardinal Operating Company 20 83 103
Cedar Coal Co. 1 13 14
Central Ohio Coal Company 12 116 128
Columbus Southern Power Company 205 267 472
Conesville Coal Preparation Company 1 8 9
Indiana Michigan Power Company 456 495 951
Indiana Michigan Power/AEP Generating
Joint Account (Rockport) 10 67 77
Indiana Michigan Power Company-Water Transportation 2 24 26
Kanawha Valley Power Company -- 4 4
Kentucky Power Company 59 130 189
Kingsport Power Company 21 23 44
Ohio Power Company 446 665 1,111
Ohio Power Company-Cook Coal Terminal 1 13 14
Ohio Power Company (Gavin) 97 74 171
Ohio Power Company (Tidd PFBC) -- 2 2
Southern Ohio Coal Company 17 173 190
Wheeling Power Company 20 19 39
Windsor Coal Company 6 61 67
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 43 32 75
Ohio Valley Electric Corporation 19 13 32
TOTAL $1,922 $3,031 $4,953
/TABLE
<PAGE>
<PAGE>
<TABLE>
13
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE VIII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped, showing the number of items in each group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
(In Thousands)
<S> <C> <C>
ACCOUNT 174 - MISCELLANEOUS CURRENT AND
ACCRUED ASSETS
NONE $ -0- $ -0-
TOTAL $ -0- $ -0-
/TABLE
<PAGE>
<PAGE>
<TABLE>
14
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped by class showing the number of items in each class.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
(In Thousands)
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
<S> <C> <C>
Regulatory Asset-Postretirement Medical Benefits $ -- $2,918
Unbilled Charges 2,604 1,610
Deferred Employee Moving Expense 28 32
Miscellaneous - 4 items 1992; 3 items 1993 18 8
TOTAL $2,650 $4,568
/TABLE
<PAGE>
<PAGE>
<TABLE>
15
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material research, development, or
demonstration project which incurred costs by the service corporation
during the year.
D E S C R I P T I O N AMOUNT
(In Thousands)
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES
<S> <C>
Coal-Fired Generation $115
Advance Pressurized Water Reactor Design 108
Transmission, Distribution & UHV Systems 302
Unpressurized Storage Water Heater 19
General Activities 12
TOTAL $556
/TABLE
<PAGE>
<PAGE>
<TABLE>
16
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XI - PROPRIETARY CAPITAL
NUMBER OF PAR OR STATED OUTSTANDING CLOSE OF PERIOD
ACCOUNT NUMBER CLASS OF STOCK SHARES VALUE
AUTHORIZED PER SHARE NO. OF SHARES TOTAL AMOUNT
<S> <S> <C> <C> <C> <C>
201 COMMON STOCK ISSUED 20,000 $100 13,500 $1,350,000
INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general
nature of transactions which gave rise to the reported amounts.
D E S C R I P T I O N AMOUNT
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL NONE
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS NONE
TOTAL $ -0-
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing
between compensation for the use of capital owed or net loss remaining from servicing
nonassociates per the General Instructions of the Uniform System of
Accounts. For dividends paid during the year in cash or otherwise, provide rate
percentage, amount of dividend, date declared and date paid.
BALANCE AT NET INCOME BALANCE AT
D E S C R I P T I O N BEGINNING OR DIVIDENDS CLOSE
OF YEAR (LOSS) PAID OF YEAR
ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS NONE
TOTAL $ -0- $ -0-
/TABLE
<PAGE>
<PAGE>
<TABLE>
17
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XII - LONG-TERM DEBT
INSTRUCTIONS: Advances from associate companies should be reported separately for advances on notes,
and advances on open account. Names of associate companies from which advances were received
shall be shown under the class and series of obligation column. For Account 224 - Other long-
term debt provide the name of creditor company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized and outstanding.
TERMS OF OBLIG DATE BALANCE AT ADDITIONS DEDUCTIONS BALANCE AT
N A M E O F CLASS & SERIES OF INTEREST AMOUNT BEGINNING 1/ CLOSE
C R E D I T O R OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR OF YEAR
(In Thousands)
<S> <C> <C> <C> <C> <C> <C> <C>
ACCOUNT 223 - ADVANCES
FROM ASSOCIATE COMPANIES:
Advance on Open Account
American Electric Power
Company, Inc. NONE $ 1,100 $ 1,100 $ -- $ -- $ 1,100
ACCOUNT 224 - OTHER LONG-
TERM DEBT:
Continental Illinois National
Bank & Trust Co. of Chicago 10/14/93 8.500 10,000 10,000 -- 10,000 --
PNC National Association,
Pittsburgh 10/14/98 5.293 10,000 -- 10,000 -- 10,000
Connecticut Bank & Trust Company
(as Trustee),
--Series D Mortgage Notes 12/15/99 9.000 20,000 17,500 -- 2,500 15,000
--Series E Mortgage Notes 12/15/08 9.600 70,000 67,500 -- 2,500 65,000
Sub-Total 110,000 95,000 10,000 15,000 90,000
TOTAL $111,100 $96,100 $10,000 $15,000 $91,100
1/ GIVE AN EXPLANATION OF DEDUCTIONS: Loan payments. See Note 7, Schedule XIV, for further explanation of dates
of maturity.
/TABLE
<PAGE>
<PAGE>
<TABLE>
18
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current
and accrued liabilities. Items less than $10,000 may be grouped,
showing the number of items in each group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
(In Thousands)
<S> <C> <C>
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES
NONE
TOTAL $ -0- $ -0-
(In Thousands)
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
Appalachian/Ohio Power Joint Account (Sporn) $ 13 $ --
Appalachian Power Company 1,358 --
Central Coal Company 22 --
Central Ohio Coal Company 39 --
Central Operating Company 105 --
Columbus Southern Power Company 695 58
Indiana Michigan Power Company 22,379 16,629
Indiana Michigan Power Company-Water Transportation 84 --
Kentucky Power Company 2,719 4,088
Kingsport Power Company 31 --
Ohio Power Company 9,401 25
Ohio Power Company-Cook Coal Terminal 22 --
Southern Ohio Coal Company 87 --
Wheeling Power Company 44 --
Windsor Coal Company 39 --
Miscellaneous - 5 items in 1992; 7 items in 1993 13 4
TOTAL $37,051 $20,804
(In Thousands)
ACCOUNT 242 - MISCELLANEOUS CURRENT AND
ACCRUED LIABILITIES
Accrued Vacation Pay $ 7,951 $ 7,901
Accrued Incentive Pay 1,377 2,809
Accrued Severance Pay -- 7,266
Employee Savings Plan 44 355
Retirement Plan 7,625 9,711
Accrued Workers' Compensation 336 328
AEP System Stock Purchase Plan 85 95
Payroll Withholdings 156 158
Group Medical Plan -- 17
Accrued Rent on John E. Dolan Engineering Laboratory 1,362 1,318
SUB-TOTAL 18,936 29,958
</TABLE>
<PAGE>
<PAGE>
<TABLE>
(Cont'd)
18A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current
and accrued liabilities. Items less than $10,000 may be grouped,
showing the number of items in each group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
(In Thousands)
<S> <C> <C>
ACCOUNT 242 - MISCELLANEOUS CURRENT AND
ACCRUED LIABILITIES
Sub-Total Brought Forward 18,936 29,958
Accrued Rent for Office Space at Market Square,
Washington, D.C. 87 88
Accrued Rent on the IBM 3090 System 46 30
Accrued Severance-Group Medical -- 831
Miscellaneous - 2 items in 1992; 0 items in 1993 1 --
TOTAL $19,070 $30,907
</TABLE>
<PAGE>
<PAGE>
19
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
1. SIGNIFICANT ACCOUNTING POLICIES:
Organization
American Electric Power Service Corporation (the Company
or AEPSC) is a wholly-owned subsidiary of American Electric
Power Company, Inc. (AEP Co., Inc.), a public utility holding
company. The Company provides administrative, engineering
and certain other professional services to the affiliated
companies in the American Electric Power (AEP) System and
periodically to unaffiliated companies.
Regulation and Basis of Accounting
AEPSC is subject to regulation by the Securities and
Exchange Commission (SEC) under the Public Utility Holding
Company Act of 1935 (1935 Act).
The Company's accounting conforms to the Uniform System of
Accounts for Mutual and Subsidiary Service Companies
prescribed by the SEC pursuant to the 1935 Act. As a
regulated entity, AEPSC's financial statements reflect the
actions of the regulators that may result in the recognition
of revenues and expenses in different time periods than
enterprises that are not regulated. In accordance with
Statement of Financial Accounting Standards (SFAS) No. 71,
Accounting for the Effects of Certain Types of Regulation
(SFAS 71), regulatory assets and liabilities are recorded
to defer expenses or revenues reflecting such differences.
Income and Expenses
Services rendered to both affiliated and unaffiliated com-
panies are being provided at cost. The charges for services
include no compensation for the use of equity capital, all
of which is furnished by AEP Co., Inc. The costs of the
services are determined on a direct charge basis to the
extent practicable and on reasonable bases of proration for
indirect costs.
(Cont'd)<PAGE>
<PAGE>
19A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
Income Taxes
Effective January 1, 1993, the Company adopted the liabil-
ity method of accounting for income taxes as prescribed by
SFAS 109, Accounting for Income Taxes. Under this standard
deferred federal income taxes are provided for all temporary
differences between the book cost and tax basis of assets and
liabilities which will result in a future tax consequence. In
prior years deferred federal income taxes were provided for
differences between book and taxable income at statutory
rates. As a result of the adoption of SFAS 109, a reduction
in net deferred tax liabilities was recorded and in accord-
ance with SFAS 71, corresponding regulatory liabilities were
also recorded. As a result of this change in accounting
effective January 1, 1993, net deferred tax liabilities
decreased by $8.3 million and regulatory liabilities reflect-
ed in the balance sheet as Other Deferred Credits of $8.3
million were recorded, with no effect on net income.
Investment tax credits utilized in prior years' federal
income tax returns were deferred and are being amortized
over the life of the related investment.
Property
Property is stated at original cost. Land, structures and
structural improvements are generally subject to first
mortgage liens. Depreciation is provided for on a straight-
line basis over the estimated useful lives of the property.
Investments
Investments include the cash surrender value of corporate
owned life insurance policies net of policy loans and interest
accrued on the loans as well as trust funds established to pay
future postretirement benefits as discussed in Note 3.
<PAGE>
<PAGE>
(Cont'd)
19B
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
Debt
Gains and losses on reacquired debt are deferred and
amortized over the term of the replacement debt.
Debt issuance expenses are amortized over the term of the
related debt, with the amortization included in interest
charges.
Reclassifications
Certain prior-period amounts were reclassified to conform
with current-period presentation.
2. COMMITMENTS AND CONTINGENCIES:
The Company is involved in a number of legal proceedings
and claims. While management is unable to predict the outcome
of litigation, any potential liability which may result
therefrom would be recoverable from its affiliated companies.
3. BENEFIT PLANS:
AEPSC participates in the AEP System pension plan, a
trusteed, noncontributory defined benefit plan covering all
employees meeting eligibility requirements. Benefits are
based on service years and compensation levels. Effective
January 1, 1992 employees may retire without reduction of
benefits at age 62 and with reduced benefits as early as age
55. Pension costs are allocated by first charging each
System company with its service cost and then allocating the
remaining pension cost in proportion to its share of the pro-
jected benefit obligation. The funding policy is to make
annual trust fund contributions equal to the net periodic
pension cost up to the maximum amount deductible for federal
income tax purposes, but not less than the minimum contribu-
tion required by law.
Net pension costs for the years ended December 31, 1993
and 1992 were $4.6 million and $5.4 million, respectively.
(Cont'd)<PAGE>
<PAGE>
19C
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
An employee savings plan is offered which allows partici-
pants to contribute up to 16% of their salaries into three
investment alternatives, including AEP Co., Inc. common stock.
The Company contributes an amount equal to one-half of the
first 6% of the employees' contribution. The Company's con-
tribution is invested in AEP Co., Inc. common stock and
totaled $2.8 million in 1993 and $2.8 million in 1992.
The AEP System provides certain other benefits for retired
employees. Substantially all employees are eligible for
health care and life insurance benefits if they have at least
10 service years and, effective January 1, 1992, are age 55 at
retirement. Prior to 1993, net costs of these benefits were
recognized as an expense when paid and totaled $858,000 in
1992.
SFAS 106, Employers' Accounting for Postretirement Benefits
Other Than Pensions, was adopted in January 1993. SFAS 106
requires the accrual of the present value liability for the
cost of postretirement benefits other than pensions (OPEB)
during the employee's service years. Prior service costs are
being recognized as a transition obligation over 20 years in
accordance with SFAS 106. OPEB costs are based on
actuarially-determined stand alone costs for each System
company. The funding policy is to contribute incremental
amounts recovered from affiliates and cash generated by a
corporate owned life insurance (COLI) program. The annual
accrued costs for 1993 required by SFAS 106 for employees and
retirees, which includes the recognition of one-twentieth of
the prior service transition obligation, was $7.6 million.
To reduce the impact of adopting SFAS 106, management took
several measures. In 1990, a Voluntary Employee Beneficiary
Association (VEBA) trust fund for OPEB benefits was estab-
lished and a $1.7 million advance contribution was made, the
maximum amount deductible for federal income tax purposes.
In 1993, an additional $5.4 million contribution was made to
the VEBA trust fund from amounts received from affiliates.
In addition, to help fund and reduce the future costs of OPEB
(Cont'd)<PAGE>
<PAGE>
19D
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
benefits, the COLI program was implemented. The insurance
policies have a substantial cash surrender value which is
recorded, net of equally substantial policy loans, as invest-
ments. The policies generated cash of $1,082,000 in 1992
inclusive of related tax benefits, which were contributed to
the VEBA trust fund. In 1997 the premium will be fully paid
and the cash generated by the policies should increase
significantly.
4. FAIR VALUE OF FINANCIAL INSTRUMENTS:
The carrying amount of cash and cash equivalents, special
deposits-restricted funds, accounts receivable and accounts
payable approximates fair value because of the short-term
maturities of these instruments. At December 31, 1993 and
1992 the fair value of long-term debt was $100 million and
$96 million, respectively, and is based on management's
estimate of current interest rates offered for debt of the
same remaining maturities.
5. FEDERAL INCOME TAXES:
The details of Federal income taxes as reported are as
follows:
Year Ended December 31,
1993 1992
(In Thousands)
Current (net)................... $ 464 $(3,875)
Deferred (net).................. (5,902) 136
Deferred Investment Tax Credits
(net)........................ (385) (407)
Total Federal Income Tax
Credit..................... $(5,823) $(4,146)
Federal income taxes as reported are different than pre-tax
book loss multiplied by the statutory federal income tax rate
predominantly due to non-taxable income related to corporate
owned life insurance and amortization of deferred investment
tax credits.
(Cont'd)<PAGE>
<PAGE>
19E
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
The Company joins in the filing of a consolidated federal
income tax return with its affiliates in the AEP System. The
allocation of the AEP System's current consolidated Federal
income tax to the System companies is in accordance with SEC
rules under the 1935 Act. These rules permit the allocation
of the benefit of current tax losses and investment tax
credits utilized to the System companies giving rise to them
in determining their current tax expense. The tax loss of the
System parent company, AEP Co., Inc., is allocated to its
subsidiaries with taxable income. With the exception of the
loss of the parent company, the method of allocation approx-
imates a separate return result for each company in the con-
solidated group.
At December 31, 1993, the Company had a net deferred tax
liability of $9 million composed of deferred tax assets of
$17 million and deferred tax liabilities of $26 million. The
significant temporary differences giving rise to the net de-
ferred tax liability are:
Deferred Tax Asset/
(Liability)
(In Thousands)
Property Related Temporary
Differences $(23,883)
Accrued Pension Expense 3,399
Accrued Severence Benefits 2,836
Accrued Vacation Pay 2,341
Deferred Compensation 2,339
Amounts Due to Affiliates for
Future Federal Income Taxes 2,532
All Other (net) 1,442
Total Net Deferred Tax Liability $( 8,994)
(Cont'd)<PAGE>
<PAGE>
19F
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
6. LEASES:
Leases of structures, improvements, office furniture and
miscellaneous equipment are for periods up to 30 years and
require payments of related property taxes, maintenance and
operating costs. The majority of the leases have purchase or
renewal options and will be renewed or replaced with other
leases.
The components of rental payments are as follows:
Year Ended December 31,
1993 1992
(In Thousands)
Operating Leases.................$ 6,584 $ 7,405
Amortization of Capital Leases... 9,098 7,106
Interest on Capital Leases....... 3,024 2,706
Total Rental Payments........$18,706 $17,217
Properties under capital leases and related obligations
recorded on the Balance Sheets are as follows:
December 31,
1993 1992
(In Thousands)
Properties Under Capital Leases:
Structures and Improvements...... $11,750 $11,750
Office Furniture and Miscellaneous
Equipment...................... 36,657 38,254
48,407 50,004
Accumulated Amortization........... 16,833 15,059
Net Properties Under Capital
Leases......................... $31,574 $34,945
Obligations Under Capital
Leases......................... $31,574 $34,945
Less Portion Due Within One Year... 8,771 8,360
Noncurrent Liability $22,803 $26,585
Properties under operating leases and related obligations
are not included in the Balance Sheets.
(Cont'd)<PAGE>
<PAGE>
19G
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
Future minimum lease payments, by year and in the
aggregate, consisted of the following at December 31, 1993:
Noncancelable
Capital Operating
Leases Leases
(In Thousands)
1994............................. $11,000 $ 2,000
1995............................. 9,000 1,000
1996............................. 4,000 1,000
1997............................. 2,000 1,000
1998............................. 2,000 1,000
Later Years...................... 25,000 5,000
Total Future Minimum Lease
Payments....................... 53,000 $11,000
Less Estimated Interest Element.. 21,000
Estimated Present Value of Future
Minimum Lease Payments......... $32,000
7. LONG-TERM DEBT:
Long-term debt was outstanding as follows:
December 31,
Interest 1993 1992
Rate (In Thousands)
Notes Payable to Banks:
Due October 1993.......... 8.50% $ -- $10,000
Due October 1998......... 5.29% 10,000 --
Mortgage Notes:
Series D(a)............... 9.00% 15,000 17,500
Series E(b)............... 9.60% 65,000 67,500
Advances from Parent Company. (c) 1,100 1,100
91,100 96,100
Less Portion Due Within One Year 5,000 15,000
Total...................... $86,100 $81,100
(a) Due in annual installments of $2,500,000 until
December 1999.
(Cont'd)<PAGE>
<PAGE>
19H
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
(b) Due in annual installments of $2,500,000 until
December 1999, $2,000,000 in 2000-2007 and the
balance in December 2008.
(c) The advances from parent company are non-interest
bearing and have no due date.
Long-term debt outstanding at December 31, 1993 is payable
as follows:
Principal
Amount
(In Thousands)
1994...................................... $ 5,000
1995...................................... 5,000
1996...................................... 5,000
1997...................................... 5,000
1998...................................... 15,000
Later Years............................... 56,100
Total................................... $91,100
<PAGE>
<PAGE>
<TABLE>
20
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XV
STATEMENT OF INCOME
ACCOUNT D E S C R I P T I O N CURRENT YEAR PRIOR YEAR
(In Thousands)
<S> <S> <C> <C>
INCOME
457 Services rendered to associate companies $241,933 $227,911
458 Services rendered to nonassociate
companies 219 802
421 Miscellaneous income or loss 621 556
Total Income 242,773 229,269
EXPENSE
920 Salaries and wages 132,820 124,370
921 Office supplies and expenses 12,175 12,036
922 Administrative expense transferred - credit (765) (795)
923 Outside services employed 24,472 24,245
924 Property insurance 91 102
925 Injuries and damages 931 701
926 Employee pensions and benefits 29,835 24,221
928 Regulatory commission expense -- --
930.1 General advertising expenses -- --
930.2 Miscellaneous general expenses 1,173 1,186
931 Rents 19,335 17,424
932 Maintenance of structures and equipment 2,582 2,710
403 Depreciation and amortization expense 4,044 4,039
408 Taxes other than income taxes 10,317 10,691
409 Income taxes 464 (3,875)
410 Provision for deferred income taxes 7,829 6,970
411 Provision for deferred income taxes - credit (13,731) (6,834)
411.5 Investment tax credit (385) (407)
426.1 Donations 737 771
426.5 Other deductions 1,304 1,185
427 Interest on long-term debt 8,816 9,790
430 Interest on debt to associate companies -- --
431 Other interest expense 729 739
Total Expense 242,773 229,269
Net Income or (Loss) $ -0- $ -0-
</TABLE>
<PAGE>
<PAGE>
<TABLE>
21
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 457
DIRECT INDIRECT COMPENSATION TOTAL
NAME OF ASSOCIATE COMPANY COSTS COSTS FOR USE OF AMOUNT
CHARGED CHARGED CAPITAL BILLED
457-1 457-2 457-3
(In Thousands)
<S> <C> <C> <C> <C>
Associate Companies
AEP Energy Services, Inc. $ 500 $ 94 $ 1 $ 595
AEP Generating Company 2,813 459 9 3,281
AEP Resources, Inc. 21 3 -- 24
American Electric Power Company, Inc. 722 183 3 908
Appalachian Power Company 41,966 7,058 154 49,178
Appalachian Power (Commercial PFBC) 196 38 1 235
Appalachian/Ohio Power Joint
Account (Amos) 787 140 5 932
Appalachian/Ohio Power Joint
Account (Sporn) 550 96 2 648
Blackhawk Coal Company/Price River Coal
Company 65 7 -- 72
Cardinal Operating Company 1,120 178 5 1,303
Cedar Coal Co. 126 13 -- 139
Central Appalachian Coal Company 1 -- -- 1
Central Coal Company 5 1 -- 6
Central Ohio Coal Company 2,462 275 9 2,746
Central Operating Company 109 17 -- 126
Columbus Southern Power Company 22,484 3,533 83 26,100
Columbus Southern Power (Zimmer
Conversion Project) 7 2 1 10
Conesville Coal Preparation Company 386 44 2 432
Indiana Michigan Power Company 50,262 8,871 187 59,320
Indiana Michigan Power Company-
Water Transportation 914 106 3 1,023
Indiana Michigan Power/AEP Generating
Joint Account (Rockport) 2,476 399 9 2,884
Kanawha Valley Power Company 26 5 -- 31
Kentucky Power Company 7,640 1,286 28 8,954
Kingsport Power Company 1,298 202 4 1,504
Ohio Power Company 42,432 7,229 178 49,839
Ohio Power Company-Cook Coal Terminal 694 75 2 771
Ohio Power Company (Gavin) 10,907 1,879 29 12,815
Ohio Power Company (Tidd PFBC) 3 -- -- 3
Simco, Inc. 21 3 -- 24
Southern Appalachian Coal Company 14 2 -- 16
Southern Ohio Coal Company 6,334 734 25 7,093
Wheeling Power Company 1,333 210 6 1,549
Windsor Coal Company 1,805 198 7 2,010
SUB-TOTAL 200,479 33,340 753 234,572
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
21A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 457
DIRECT INDIRECT COMPENSATION TOTAL
NAME OF ASSOCIATE COMPANY COSTS COSTS FOR USE OF AMOUNT
CHARGED CHARGED CAPITAL BILLED
457-1 457-2 457-3
(In Thousands)
<S> <C> <C> <C> <C>
Sub-Total Brought Forward 200,479 33,340 753 234,572
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 5,253 893 17 6,163
Ohio Valley Electric Corporation 1,006 189 3 1,198
TOTAL $206,738 $34,422 $773 $241,933
</TABLE>
<PAGE>
<PAGE>
<TABLE>
22
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 458
DIRECT INDIRECT COMPENSATION EXCESS TOTAL
NAME OF NONASSOCIATE COMPANY COST COST FOR USE TOTAL OR AMOUNT
CHARGED CHARGED CAPITAL COST DEFICIENCY BILLED
458-1 458-2 458-3 458-4
(In Thousands)
<S> <C> <C> <C> <C> <C> <C>
East Central Area Reliability $ 58 $-- $-- $ 58 $-- $ 58
Cincinnati Gas & Electric/Dayton Power
& Light (Zimmer Conversion Project) 20 7 3 30 -- 30
Cincinnati Gas & Electric (Zimmer
Service Agreement) 12 2 -- 14 -- 14
Duke Power Company 12 -- -- 12 -- 12
Ohio Edison Company 12 -- -- 12 -- 12
Allegheny Power Service Corporation 11 -- -- 11 -- 11
Centerior Energy 11 -- -- 11 -- 11
New York Power Company 11 -- -- 11 -- 11
Virginia Electric & Power Company 11 -- -- 11 -- 11
PJM Interconnections 11 -- -- 11 -- 11
New England Power Exchange 11 -- -- 11 -- 11
Ontario Hydro 11 -- -- 11 -- 11
AMP Ohio 10 1 -- 11 -- 11
Mid-Atlantic Area Coordination-GPUSC 2 -- -- 2 -- 2
City of Hamilton 2 -- -- 2 -- 2
Northwest Power Coordinating Council 1 -- -- 1 -- 1
TOTAL $206 $10 $ 3 $219 $-0- $219
INSTRUCTION: Provide a brief description of the services rendered to each nonassociate company:
Engineering and computer services.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
23
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES
DESCRIPTION OF ITEMS DIRECT INDIRECT DIRECT INDIRECT
COST COST TOTAL COST COST TOTAL
(In Thousands)
<S> <S> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $129,493 $ 3,276 $132,769 $ 50 $ 1 $ 51
921 OFFICE SUPPLIES AND EXPENSES 4,989 7,174 12,163 9 3 12
922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT (765) -- (765) -- -- --
923 OUTSIDE SERVICES EMPLOYED 22,963 1,411 24,374 98 -- 98
924 PROPERTY INSURANCE 3 88 91 -- -- --
925 INJURIES AND DAMAGES 909 22 931 -- -- --
926 EMPLOYEE PENSIONS AND BENEFITS 28,466 1,361 29,827 8 -- 8
928 REGULATORY COMMISSION EXPENSE -- -- -- -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- -- -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 1,160 13 1,173 -- -- --
931 RENTS 12,737 6,562 19,299 34 2 36
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 1,608 970 2,578 4 -- 4
403 DEPRECIATION AND AMORTIZATION EXPENSE 229 3,814 4,043 -- 1 1
408 TAXES OTHER THAN INCOME TAXES 8,444 1,869 10,313 3 1 4
409 INCOME TAXES 464 -- 464 -- -- --
410 PROVISION FOR DEFERRED INCOME TAXES 7,829 -- 7,829 -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT (13,731) -- (13,731) -- -- --
411.5 INVESTMENT TAX CREDIT (385) -- (385) -- -- --
426.1 DONATIONS 737 -- 737 -- -- --
426.5 OTHER DEDUCTIONS 1,304 -- 1,304 -- -- --
427 INTEREST ON LONG-TERM DEBT 1,235 7,576 8,811 3 2 5
431 OTHER INTEREST EXPENSE 47 682 729 -- -- --
TOTAL EXPENSES 207,736 34,818 242,554 209 10 219
421 MISCELLANEOUS INCOME (225) (396) (621) -- -- --
TOTAL EXPENSES = $207,511 $34,422 $241,933 $209 $10 $219
COMPENSATION FOR USE OF EQUITY CAPITAL = -- -- -- -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES= -- -- -- -- -- --
TOTAL COST OF SERVICE = $207,511 $34,422 $241,933 $209 $10 $219
(Cont'd)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
23A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
TOTAL CHARGES FOR SERVICE
DESCRIPTION OF ITEMS DIRECT INDIRECT
COST COST TOTAL
(In Thousands)
<S> <S> <C> <C> <C>
920 SALARIES AND WAGES $129,543 $ 3,277 $132,820
921 OFFICE SUPPLIES AND EXPENSES 4,998 7,177 12,175
922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT (765) -- (765)
923 OUTSIDE SERVICES EMPLOYED 23,061 1,411 24,472
924 PROPERTY INSURANCE 3 88 91
925 INJURIES AND DAMAGES 909 22 931
926 EMPLOYEE PENSIONS AND BENEFITS 28,474 1,361 29,835
928 REGULATORY COMMISSION EXPENSE -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 1,160 13 1,173
931 RENTS 12,771 6,564 19,335
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 1,612 970 2,582
403 DEPRECIATION AND AMORTIZATION EXPENSE 229 3,815 4,044
408 TAXES OTHER THAN INCOME TAXES 8,447 1,870 10,317
409 INCOME TAXES 464 -- 464
410 PROVISION FOR DEFERRED INCOME TAXES 7,829 -- 7,829
411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT (13,731) -- (13,731)
411.5 INVESTMENT TAX CREDIT (385) -- (385)
426.1 DONATIONS 737 -- 737
426.5 OTHER DEDUCTIONS 1,304 -- 1,304
427 INTEREST ON LONG-TERM DEBT 1,238 7,578 8,816
431 OTHER INTEREST EXPENSE 47 682 729
TOTAL EXPENSES 207,945 34,828 242,773
421 MISCELLANEOUS INCOME (225) (396) (621)
TOTAL EXPENSES = $207,720 $34,432 $242,152
COMPENSATION FOR USE OF EQUITY CAPITAL = -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES= -- -- --
TOTAL COST OF SERVICE = $207,720 $34,432 $242,152
</TABLE>
<PAGE>
<PAGE>
<TABLE>
24
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
<CAPTION>
For the Year Ended December 31, 1993
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E S C R I P T I O N O F I T E M S TOTAL EXECUTIVE
AMOUNT OVERHEAD CONTROLLER GROUP FINANCE
(In Thousands)
<S> <S> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $132,820 $ 3,464 $1,287 $11,448 $1,365
921 OFFICE SUPPLIES AND EXPENSES 12,175 5,565 15 790 67
922 ADMINISTRATIVE EXPENSE TRANSFERRED -
CREDIT (765) -- -- (428) --
923 OUTSIDE SERVICES EMPLOYED 24,472 836 260 2,556 7
924 PROPERTY INSURANCE 91 85 -- -- --
925 INJURIES AND DAMAGES 931 22 8 67 11
926 EMPLOYEE PENSIONS AND BENEFITS 29,835 1,401 272 2,666 293
928 REGULATORY COMMISSION EXPENSE -- -- -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 1,173 5 -- 947 7
931 RENTS 19,335 4,366 14 408 130
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 2,582 787 5 219 --
403 DEPRECIATION AND AMORTIZATION EXPENSE 4,044 3,858 -- -- --
408 TAXES OTHER THAN INCOME TAXES 10,317 1,924 76 634 87
409 INCOME TAXES 464 -- -- -- --
410 PROVISION FOR DEFERRED INCOME TAXES 7,829 -- -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES -
CREDIT (13,731) -- -- -- --
411.5 INVESTMENT TAX CREDIT (385) -- -- -- --
426.1 DONATIONS 737 -- -- 598 --
426.5 OTHER DEDUCTIONS 1,304 -- -- 993 --
427 INTEREST ON LONG-TERM DEBT 8,816 8,035 -- -- 781
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES -- -- -- -- --
431 OTHER INTEREST EXPENSE 729 729 -- -- --
INSTRUCTION: Indicate each department or service
function. (see Instruction 01-3 General Structure
of Accounting System: Uniform System of Accounts)
TOTAL EXPENSES = $242,773 $31,077 $1,937 $20,898 $2,748
"Total Expenses" include expenditures for the
Zimmer Plant Coal Conversion Project of $ 36 $ -0- $ -0- $ -0- $ -0-
</TABLE>
<PAGE>
<PAGE>
<TABLE>
25
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
<CAPTION>
For the Year Ended December 31, 1993
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T O R S E R V I C E F U N C T I O N
ACCOUNT FOSSIL & HYDRO FUEL HUMAN INFORMATION INTERNAL MARKETING & CUS- NUCLEAR
NUMBER GENERATION SUPPLY RESOURCES SERVICES AUDITS LEGAL TOMER SERVICES GENERATION
(In Thousands)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
920 $32,585 $11,692 $2,237 $15,301 $2,921 $2,987 $2,332 $15,394
921 947 1,383 201 630 210 196 167 804
922
(46) (45) -- (5) -- (1) -- (5)
923 6,182 173 140 8,990 1 120 1,830 2,576
924 -- 3 -- 3 -- -- -- --
925 226 94 27 115 26 14 17 101
926 7,185 2,649 541 3,283 645 592 518 3,286
928 -- -- -- -- -- -- -- --
930.1 -- -- -- -- -- -- -- --
930.2 56 11 8 1 -- 2 23 4
931 468 271 6 11,555 9 59 8 160
932 95 157 -- 1,104 -- -- -- 63
403 -- 179 -- 7 -- -- -- --
408 2,245 782 132 1,042 199 144 193 976
409 -- -- -- -- -- -- -- --
410 -- -- -- -- -- -- -- --
411
-- -- -- -- -- -- -- --
411.5 -- -- -- -- -- -- -- --
426.1 46 8 57 5 -- -- 1 6
426.5 -- 74 -- -- -- 2 -- 2
427 -- -- -- -- -- -- -- --
430 -- -- -- -- -- -- -- --
431 -- -- -- -- -- -- -- --
$49,989 $17,431 $3,349 $42,031 $4,011 $4,115 $5,089 $23,367
$ 19 $ -0- $ -0- $ -0- $ -0- $ 1 $ -0- $ -0-
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
25A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
<CAPTION>
For the Year Ended December 31, 1993
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T O R S E R V I C E F U N C T I O N
ACCOUNT PUBLIC PURCHASING & MATE- SYSTEM SYSTEM T&D
NUMBER AFFAIRS RIALS MANAGEMENT RATES PLANNING TRANSACTIONS SERVICES TAX TREASURY
(In Thousands)
<S> <C> <C> <C> <C> <C> <C> <C> <C>
920 $1,607 $1,820 $1,238 $6,103 $2,907 $13,321 $ 842 $1,969
921 250 36 32 103 88 648 17 26
922
(235) -- -- -- -- -- -- --
923 35 -- -- 98 78 560 29 1
924 -- -- -- -- -- -- -- --
925 9 15 7 37 21 86 6 22
926 324 434 264 1,303 644 2,863 175 497
928 -- -- -- -- -- -- -- --
930.1 -- -- -- -- -- -- -- --
930.2 83 -- -- -- -- 26 -- --
931 64 -- 1 151 395 1,268 -- 2
932 4 -- -- -- 65 83 -- --
403 -- -- -- -- -- -- -- --
408 94 127 73 377 184 848 54 126
409 -- -- -- -- -- -- 464 --
410 -- -- -- -- -- -- 7,829 --
411
-- -- -- -- -- -- (13,731) --
411.5 -- -- -- -- -- -- (385) --
426.1 16 -- -- -- -- -- -- --
426.5 233 -- -- -- -- -- -- --
427 -- -- -- -- -- -- -- --
430 -- -- -- -- -- -- -- --
431 -- -- -- -- -- -- -- --
$2,484 $2,432 $1,615 $8,172 $4,382 $19,703 $ (4,700) $2,643
$ -0- $ -0- $ -0- $ -0- $ -0- $ 6 $ 10 $ -0-
</TABLE>
1<PAGE>
<PAGE>
<TABLE>
26
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
DEPARTMENTAL SALARY EXPENSE NUMBER
NAME OF DEPARTMENT INCLUDED IN AMOUNTS BILLED TO PERSONNEL
Indicate each department or TOTAL PARENT OTHER NON END OF
service function. AMOUNT COMPANY ASSOCIATES ASSOCIATES YEAR
(In Thousands)
<S> <C> <C> <C> <C> <C>
Service Groups (Overheads) $ 3,464 $ 18 $ 3,445 $ 1 106
Controller 1,287 -- 1,287 -- 22
Executive Group 11,448 22 11,426 -- 152
Finance 1,365 239 1,126 -- 27
Fossil & Hydro Generation 32,585 2 32,572 11 470
Fuel Supply 11,692 -- 11,692 -- 232
Human Resources 2,237 1 2,236 -- 43
Information Systems 15,301 -- 15,282 19 297
Internal Audits 2,921 -- 2,921 -- 54
Legal 2,987 159 2,827 1 35
Marketing & Customer Services 2,332 -- 2,332 -- 45
Nuclear Generation 15,394 -- 15,394 -- 279
Public Affairs 1,607 50 1,557 -- 28
Purchasing & Materials
Management 1,820 -- 1,820 -- 39
Rates 1,238 -- 1,238 -- 18
System Planning 6,103 -- 6,096 7 88
System Transactions 2,907 -- 2,907 -- 55
T&D Services 13,321 11 13,302 8 224
Tax 842 -- 838 4 13
Treasury 1,969 91 1,878 -- 35
TOTAL $132,820 $593 $132,176 $51 2,262
</TABLE>
<PAGE>
<PAGE>
<TABLE>
27
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Legal Services (In Thousands)
<S> <S> <S> <C>
Porter, Wright, Morris 41 S. High Street
& Arthur Columbus, OH 43215 NA $ 144
Other Payees - 8 payees
of less than $25,000 71
Sub-Total Legal Services 215
Engineering Services
BBC&M Engineering, Inc. 6190 Enterprise Court
Dublin, OH 43017 NA 99
Burgess & Niple, 5085 Reed Road
Limited Columbus, OH 43220 NA 34
CDI Corporation Suite 203
100 Progress Parkway
St. Louis, MO 63043 NA 887
General Research 100 State Street
(Division of Artenyra, Inc.) Teaneck, NJ 07666 NA 64
OGDEN Environmental and 3211 Jermantown Road
Energy Services Fairfax, VA 22030 NA 371
Robinson & McElwee P.O. Box 1791
Charleston, WV 25326 NA 42
SE Technologies, Inc. 98 Vanadium Road
Bridgeville, PA 15017 NA 7,164
Other Payees - 8 payees
of less than $25,000 43
Sub-Total Engineering Services 8,704
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27A
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <S> <S> <C>
AGS Information Services, 2715 Tuller Parkway Drive
Inc. Dublin, OH 43017 NA 188
Analysts International 7615 Metro Boulevard
Corporation Minneapolis, MN 55439 NA 881
Arthur Andersen & Co., Suite 2000
S.C. 41 S. High Street
Columbus, OH 43215 NA 4,116
Aydin Controls 414 Commerce Drive
Ft. Washington, PA 19034 NA 35
BMC Software, Inc. P.O. Box 298761
Houston, TX 77298 NA 216
Candle Corporation 2425 Olympic Boulevard
Santa Monica, CA 90404 NA 40
Cap Gemini America Church Street Station
P.O. Box 6358
New York, NY 10249 NA 965
Computer Associates One Computer Associates Plaza
International, Inc. Islandia, NY 11788 NA 244
Computer Horizons 49 Old Bloomfield Avenue
Corporation Mountain Lakes, NJ 07046 NA 67
ComputerPeople, Inc. Suite B
50 Northwoods Boulevard
Worthington, OH 43235 NA 936
Compuware Corporation Suite 205
1103 Schrock Road
Columbus, OH 43229 NA 176
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27B
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <S> <S> <C>
Development Center, Inc. Suite 260
540 OffiCenter Place
Gahanna, OH 43230 NA 202
Digital Equipment 10101 Alliance Road
Corporation Cincinnati, OH 45242 NA 34
Easel Corporation 25 Corporate Drive
Burlington, MA 01803 NA 60
Egghead Discount Software P.O. Box 7004
Issaquah, WA 98027 NA 262
Enable Software, Inc. 313 Ushers Road
Ballston Lake, NY 12019 NA 52
Indecon, Inc. Suite 5050
227 West Monroe
Chicago, IL 60606 NA 82
Information Builders, Inc. 1250 Broadway
New York, NY 10001 NA 85
Information Industries, Suite 260
Inc. 500 W. Wilson Bridge Road
Worthington, OH 43085 NA 81
Intergraph Corporation One Madison Industrial Park
Huntsville, AL 35807 NA 162
International Business 140 E. Town Street
Machines Corporation Columbus, OH 43215 NA 400
LEGENT Corporation Two Allegheny Center
Pittsburgh, PA 15212 NA 37
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27C
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <S> <S> <C>
Logical Data Solutions, 6825 Capri Place
Inc. Bethesda, MD 20817 NA 103
Lucas Management Systems Suite 512
435 Devon Park Drive
Wayne, PA 19087 NA 72
M & I Data Services 770 N. Water Street
Milwaukee, WI 53202 NA 38
Maximation, Inc. 4900 Blazer Memorial Parkway
Dublin, OH 43017 NA 177
Oasys, Inc. 7793 Morris Road
Hilliard, OH 43026 NA 176
Planmetrics, Inc. Suite 300 South
8700 Bryn Mawr Avenue
Chicago, IL 60631 NA 77
Power Technologies, Inc. 1482 Erie Boulevard
Schenectady, NY 12301 NA 44
Progressive Analysis, Inc. 316 Harrow Boulevard
Columbus, OH 43230 NA 47
Relay Technology, Inc. 1604 Spring Hill Road
Vienna, VA 22182 NA 44
SARCOM 600 B Lakeview Plaza Blvd.
Worthington, OH 43085 NA 297
Software AG of North 11190 Sunrise Valley Drive
America, Inc. Reston, VA 22091 NA 167
Softmart, Inc. Oaklands Corporate Center
467 Creamery Way
Exton, PA 19341 NA 76
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27D
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <S> <S> <C>
Soft-Switch, Inc. 640 Lee Road
Wayne, PA 19087 NA 68
Software Support Group 1468 West 9th Street, Rm. 800
Cleveland, OH 44113 NA 27
Systems Center 1800 Alexander Bell Drive
Reston, VA 22091 NA 42
Software Telecation, Inc. Suite C
19423 North Turkey Creek
Morrison, CO 80465 NA 26
Tesseract Corporation 475 Sansome Street
San Francisco, CA 94111 NA 176
Transdesign International, 3527 Nutwood Lane
Inc. Spring, TX 77389 NA 30
Uniquest, Inc. Suite 210
10475 Fortune Parkway
Jacksonville, FL 32256 NA 101
Self-Assessed State Sales
and Use Taxes NA 118
Other Payees - 143 payees
of less than $25,000 538
Sub-Total Software Services 11,765
Auditing
Deloitte & Touche 155 E. Broad Street
Columbus, OH 43215 NA 45
Sub-Total Auditing 45
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27E
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Other Professional Services (In Thousands)
<S> <S> <S> <C>
Abby Lane/Dana Temporaries, 196 East State Street
Columbus, OH 43215 NA 31
Adia Services of Ohio 6161 Busch Boulevard
Columbus, OH 43229 NA 45
Dr. Calvin C. Berlin 2355 Warwick Road
Muncie, IN 47304 NA 42
CDI Corporation Suite 203
100 Progress Parkway
St. Louis, MO 63043 NA 26
Clean Air Capital Markets Limited Partnership
Suite 300
1250 24th Street, NW
Washington, DC 20037 NA 75
Commercial Movers, Inc. 3580 Fisher Road
Columbus, OH 43228 NA 58
DRI/McGraw-Hill, Inc. 1750 K Street, N.W.
Washington, DC 20006 NA 26
Dawson Personnel Systems 383 E. Broad Street
Columbus, OH 43215 NA 37
Energy & Control Suite 101
Consultants, Inc. 4400 Fair Lakes Court
Fairfax, VA 22033 NA 95
Franklin Services Group P.O. Box 26745
Columbus, OH 43226 NA 136
The Galbreath Company Suite 900
180 E. Broad Street
Columbus, OH 43215 NA 89
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27F
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Other Professional Services (In Thousands)
<S> <S> <S> <C>
R. E. Harrington, Inc. 811 Green Crest Drive
Westerville, OH 43081 NA 26
ICF Resources, Inc. 9300 Lee Highway
Fairfax, VA 22031 NA 96
InaComp Computer Centers 600 B Lakeview Plaza Boulevard
Worthington, OH 43085 NA 41
Institute of Nuclear Power 700 Galleria Parkway
Operations Atlanta, GA 30339 NA 168
International Business 140 E. Town Street
Machines Corporation Columbus, OH 43215 NA 163
Market Strategies, Inc. Suite 1600
1000 Town Center
Southfield, NI 48075 NA 35
Marriott Corporation 90 S. High Street
Columbus, OH 43215 NA 128
Occupational and Preventive 4660 Roberts Road
Medicine, Inc. Columbus, OH 43228 NA 37
PHH Homequity 107 Newton Road
Danbury, CT 06810 NA 320
L.E. Peabody & Associates, 1321 Cameron Street
Inc. Alexandria, VA 22314 NA 28
Price Gibson & Associates P.O. Box 505
Hudson, OH 44236 NA 28
Reichman-Karten-Sword, Inc. 15 The Parkway
Katonah, NY 10536 NA 29
(Cont'd)
/TABLE
<PAGE>
<PAGE>
<TABLE>
27G
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED ADDRESS "NA"=NON AMOUNT
ASSOCIATE
Other Professional Services (In Thousands)
<S> <S> <S> <C>
Right Associates Suite 470
4445 Lake Forest Drive
Cincinnati, OH 45242 NA 81
SARCOM 600 B Lakeview Plaza Blvd.
Worthington, OH 43085 NA 168
Shaffer Sherman Sperry, 575 Copeland Mill Road
Inc. Westerville, OH 43081 NA 35
Stanford Interior 2404 Kenny Road
Gardens, Inc. Columbus, OH 43221 NA 36
Towers Perrin Suite 3400
200 West Madison Street
Chicago, IL 60606 NA 1,225
Other Payees - 154 payees
of less than $25,000 439
Sub-Total Other Professional Services 3,743
TOTAL $24,472
</TABLE>
<PAGE>
<PAGE>
<TABLE>
28
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan and benefit program provided
by the service company. Such listing should be limited to $25,000.
D E S C R I P T I O N AMOUNT
(In Thousands)
<S> <C>
Medical Insurance $ 9,990
Deferred Compensation Benefits 861
Other Postretirement Benefits 7,583
Savings Plan 2,912
Moving Expenses 432
Retirement Plan 5,568
Long-Term Disability 595
Group Life Insurance 268
Dental Insurance 486
Employee Educational Assistance 301
Miscellaneous 839
TOTAL $29,835
</TABLE>
<PAGE>
<PAGE>
<TABLE>
29
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according
to the nature of the advertising and as defined in the account
definition. If a particular class includes an amount in excess
of $3,000 applicable to a single payee, show separately the name
of the payee and the aggregate amount applicable thereto.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
<S> <C>
NONE $ -0-
TOTAL $ -0-
</TABLE>
<PAGE>
<PAGE>
<TABLE>
30
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses", classifying such expenses
according to their nature. Payments and expenses permitted by
Section 321 (b) (2) of the Federal Election Campaign Act, as
amended by Public Law 94-283 in 1976 (2 U.S.C.S 441 (b) (2))
shall be separately classified.
D E S C R I P T I O N AMOUNT
(In Thousands)
<S> <C>
Directors' Fees and Expenses $ 7
Dues for Company Memberships 999
Other General Expenses 167
TOTAL $1,173
</TABLE>
<PAGE>
<PAGE>
<TABLE>
31
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents",
classifying such expenses by major groupings of property, as defined
in the account definition of the Uniform System of Accounts.
T Y P E O F P R O P E R T Y AMOUNT
(In Thousands)
<S> <C>
Computers and Data Processing Equipment $10,468
Microwave and Telecommunication Equipment 1,049
Office Furniture and Equipment 3,450
Office and Parking 2,111
Software 2,036
Videotex and Timesharing 133
Miscellaneous 88
TOTAL $19,335
</TABLE>
<PAGE>
<PAGE>
<TABLE>
32
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTIONS: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U.S. Government taxes, and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts thereof.
Provide a subtotal for each class of tax.
K I N D O F T A X AMOUNT
(In Thousands)
<S> <C>
1. Taxes Other Than U.S. Government Taxes
State Unemployment $ 150
Ohio Corporation Franchise 110
Ohio Real Estate Assessment 1,556
Ohio Intercounty Return of Taxable
Business Property 80
Miscellaneous Taxes 22
Sub-Total Taxes Other Than U.S. Government Taxes 1,918
2. U.S. Government Taxes
Federal Insurance Contributions 8,263
Federal Unemployment 136
Sub-Total U.S. Government Taxes 8,399
TOTAL $10,317
</TABLE>
<PAGE>
<PAGE>
<TABLE>
33
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
DONATIONS
ACCOUNT 426.1
INSTRUCTIONS: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The
aggregate number and amount of all items of less than $3,000
may be shown in lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
(In Thousands)
<S> <S> <C>
American Forestry Association Community $ 20
American Ground Water Trust Community 20
Ballet Metropolitan Community 5
Capital University Educational 5
Center of Science and Industry Community 4
Chamber of Commerce Community 5
Columbus Urban League Community 5
Columbus Zoo Community 10
Council for Aid to Education Educational 4
Edison Electric Institute Educational 10
Electric Information Council, Inc. Community 5
Fairfield County Foundation Community 5
The Family Y of Lancaster and Fairfield
County Community 5
Forward Columbus Fund-Columbus Community 4
Foundation for American Communications Community 10
Franklin University Educational 11
Grant Medical Center Community 3
Hugh O'Brian Youth Foundation Community 3
I Know I Can Educational 5
Lifecare Alliance Community 10
National Society To Prevent Blindness-Ohio Community 12
The Nature Conservancy Community 5
Ohio Education Improvement Steering Committee Educational 10
Ohio Foundation of Independent Colleges, Inc. Educational 15
Ohio River Valley Water Sanitation Commission Community 5
The Ohio State University Educational 20
Opera Columbus Community 5
Randolph-Macon Women's College Matching Contributions 4
Riverside Methodist Hospital Community 5
Trilogy Fund of Columbus Community 100
United Negro College Fund, Inc. Educational 6
United Way Community 161
Virginia Polytechnic Institute Educational 12
Virginia Tech Foundation, Inc. Matching Contributions 5
WOSU-TV Community 3
Employees and Others (Salaries, salary related
expenses, overheads and other expenses) Community 85
Miscellaneous - 252 items of less than $3,000 Various 135
TOTAL $737
</TABLE>
<PAGE>
<PAGE>
<TABLE>
34
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
<CAPTION>
OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5,
"Other Deductions", classifying such expenses according to
their nature.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
(In Thousands)
<S> <S> <C>
Cash Contributions: Alliance To Keep Americans
Working $ 5
American Council For Capital
Formation-Center For
Policy Research 3
American Legislative Exchange 3
American Nuclear Society 6
Chamber of Commerce 33
Clean Coal Technology Coalition 30
Committee For Children 1
Committee For Economic Development 6
Consumers United For Rail Equity 25
Council of State Governments 3
Edison Electric Institute 139
The Electric Transportation
Coalition 4
Global Climate Coalition 20
The Health Coalition of
Central Ohio 1
National Academy of Engineering 5
National Association of Secretaries
of State 3
National Chamber Litigation
Center, Inc. 6
National Energy Resources
Organization 1
National Legal Center for
the Public Interest 3
Southern Governors' Association 3
Tribute to Chalmers P. Wylie 3
Service Fees: The Capitol Connection 1
Congressional Quarterly, Inc. 2
Franklin, Blee, Burling 1
Rotunda, Inc. 3
Staff Directories, Ltd. 1
The Success Group, Inc. 20
Salaries, salary related expenses,
overheads, and other expenses Employees and Others 973
TOTAL $1,304
</TABLE>
<PAGE>
<PAGE>
35
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes
regarding the statement of income or any account
thereof. Furnish particulars as to any significant
increase in services rendered or expenses incurred
during the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
See Notes to Financial Statements on Page 19.
<PAGE>
<PAGE>
36
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
ORGANIZATION CHART
Chairman, President & Chief Executive Officer
Fuel Supply
Legal
Nuclear Generation
EVP - Administration & Chief Accounting Officer
Administrative Services
Controller
Information Services
Tax
Treasury
Human Resources
Purchasing and Materials Management
EVP & Chief Financial Officer
Finance
System Planning
System Transactions
Internal Audits (NOTE)
EVP
Rates
Marketing and Customer Services
Public Affairs
EVP - Engineering & Construction
Fossil/Hydro Generation
T&D Services
NOTE: Internal Audits reports to the Audit Committee
of the Board of Directors of American Electric
Power Company, Inc. and administratively to the
Executive Vice President & Chief Financial
Officer.
<PAGE>
<PAGE>
37
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
METHODS OF ALLOCATION
Service Billings
Kilowatt Hours Sales (KWH) Ratio
Client Load Ratio
Generated Coal-Fired Kilowatt Hours Ratio
Number of Customers Ratio
Number of Client Employees Ratio
Number of Company Employees by Group Ratio
Plant Investment Ratio
Level of Construction Ratio
Tons of Fuel Acquired Ratio
Computer Resource Units Ratio
Coal Company Combination Ratio
Ratio of Total Direct and Indirect Charges Billed
Convenience Billings
Specific Identification
(based on known and pertinent factors)
Asset Ratio
Expense Budget Ratio
Contribution Ratio
Equal Share Ratio
Gross Annual Payroll Dollars Ratio
Coal Production Ratio
Kilowatt Hours Sales (KWH) Ratio
Number of Employees Ratio
Number of Customers Ratio
Number of Vehicles Ratio
<PAGE>
<PAGE>
38
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
April 27, 1994
Statement of the Amount of Interest on Borrowed
Capital and Compensation for the Use of Capital
Billed by American Electric Power Service Corporation
(AEPSC) for the Year Ended December 31, 1993
G. R. Knorr - Columbus
All AEP System Accounting Managers
In accordance with Instruction 01-12 of the Uniform System of Accounts
prescribed by the Securities and Exchange Commission for Mutual Service
Companies and Subsidiary Service Companies under the Public Utility
Holding Company Act of 1935, as amended, this is an annual statement of
the amount of interest on borrowed capital and compensation for the use
of capital billed by AEPSC for the year ended December 31, 1993.
Exhibit A, attached hereto, shows your portion of the interest cost on
capital borrowed for working capital requirements. The method used to
allocate the cost to each System company was based on the ratio of your
portion of total direct and indirect charges billed during the prior year
of 1992. The amount shown for each company equals the total charges
billed under Work Order No. 1200 during 1993.
In addition to the interest charges incurred for working capital, AEPSC
billed to all clients, as an indirect cost applicable to administrative
services, a total amount of $8,710,673.00 of interest cost and debt
expenses related to the mortgage notes on its headquarters building
located in Columbus, Ohio and $53,821.00 of other interest costs.
All interest charges incurred by AEPSC during 1993 were for borrowings
with unaffiliated companies. No amount was billed by AEPSC during 1993
as compensation for the use of equity capital, all of which is furnished
to AEPSC by its parent, American Electric Power Company, Inc.
G. R. Knorr
GRK rp
Attachment
(FIN 22)
cc: P. J. DeMaria
G. P. Maloney
L. V. Assante
Note: The above annual statement was provided to each associate
company within the AEP system. Please refer to the
"Analysis of Billing - Associate Companies" appearing on
page 21 of this report for a listing of the associated
companies billed and the respective amounts (Account
457-3).
<PAGE>
<PAGE>
39
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1993
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935 and the rules and regulations of the Securities and
Exchange Commission issued thereunder, the undersigned company has
duly caused this report to be signed on its behalf by the under-
signed officer thereunto duly authorized.
American Electric Power Service Corporation
(Name of Reporting Company)
By: /s/ Gerald R. Knorr
(Signature of Signing Officer)
Gerald R. Knorr - Assistant Treasurer
(Printed Name and Title of Signing Officer)
Date: April 28, 1994
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