Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1995 and Ending December 31, 1995
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 Controller Columbus, Ohio 43215
(Name) (Title) (Address)
Name of Principal Holding Company under which Reporting
Company is organized:
AMERICAN ELECTRIC POWER COMPANY, INC.
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
duplicate. 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.
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.
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
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>
4
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<CAPTION>
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)
<S> <C> <C>
SERVICE COMPANY PROPERTY
101 Service company property (Schedule II) $206,936 $200,220
107 Construction work in progress (Schedule II) -- --
Total Property 206,936 200,220
108 Less accumulated provision for depreciation and
amortization of service company property
(Schedule III) 71,174 59,817
Net Service Company Property 135,762 140,403
INVESTMENTS
123 Investments in associate companies (Schedule IV) -- --
124 Other investments (Schedule IV) 13,476 8,393
Total Investments 13,476 8,393
CURRENT AND ACCRUED ASSETS
131 Cash 10 --
134 Special deposits 126 452
135 Working funds 271 171
136 Temporary cash investments (Schedule IV) -- --
141 Notes receivable 57 36
143 Accounts receivable 134 183
144 Accumulated provision for uncollectible
accounts -- --
146 Accounts receivable from associate
companies (Schedule V) 70,511 68,652
152 Fuel stock expenses undistributed (Schedule VI) -- --
154 Materials and supplies -- --
163 Stores expense undistributed (Schedule VII) -- --
165 Prepayments 1,720 1,418
174 Miscellaneous current and accrued
assets (Schedule VIII) 4 --
Total Current and Accrued Assets 72,833 70,912
DEFERRED DEBITS
181 Unamortized debt expense 6,520 7,194
184 Clearing accounts -- --
186 Miscellaneous deferred debits (Schedule IX) 6,750 5,033
188 Research, development, or demonstration
expenditures (Schedule X) -- --
190 Accumulated deferred income taxes 20,420 18,296
Total Deferred Debits 33,690 30,523
TOTAL ASSETS AND OTHER DEBITS $255,761 $250,231
Note: Unamortized Debt Expense includes amortized loss on reacquired debt of
$6,439,000 at December 31, 1995 and $7,105,000 at December 31, 1994.
</TABLE>
<PAGE>
<PAGE>
5
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<CAPTION>
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPTIAL AS OF DECEMBER 31
CURRENT PRIOR
(In Thousands)
<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) 80,000 85,000
225 Unamortized premium on long-term debt -- --
226 Unamortized discount on long-term debt-debit -- --
Total Long-term Debt 81,100 86,100
OTHER NONCURRENT LIABILITIES
224.5 Obligations under capital leases 36,775 37,307
224.6 Other 29,422 24,707
Total Other Noncurrent Liabilities 66,197 62,014
CURRENT AND ACCRUED LIABILITIES
231 Notes payable 4,284 2,826
232 Accounts payable 8,214 7,921
233 Notes payable to associate companies
(Schedule XIII) -- --
234 Accounts payable to associate companies
(Schedule XIII) 33,812 31,410
236 Taxes accrued 3,807 2,815
237 Interest accrued 389 416
238 Dividends declared -- --
241 Tax collections payable 259 252
242 Miscellaneous current and accrued liabilities
(Schedule XIII) 17,169 18,847
Total Current and Accrued Liabilities 67,934 64,487
DEFERRED CREDITS
253 Other deferred credits 10,951 8,502
255 Accumulated deferred investment tax credits 1,152 1,359
Total Deferred Credits 12,103 9,861
282 ACCUMULATED DEFERRED INCOME TAXES 27,077 26,419
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $255,761 $250,231
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 $653,000
at December 31, 1995 and $623,000 at December 31, 1994.
</TABLE>
<PAGE>
<PAGE>
6
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<CAPTION>
SCHEDULE II - SERVICE COMPANY PROPERTY
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> <C> <C> <C> <C> <C>
301 ORGANIZATION $ -- $ -- $ -- $ -- $ --
303 MISCELLANEOUS
INTANGIBLE PLANT -- -- -- -- --
304 LAND AND LAND RIGHTS 5,108 -- -- -- 5,108
305 STRUCTURES AND
IMPROVEMENTS 140,719 -- -- 140,719
306 LEASEHOLD IMPROVEMENTS 422 -- 188 -- 234
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/ 52,952 11,818 4,914 -- 59,856
SUB-TOTAL 200,220 11,818 5,102 -- 206,936
107 CONSTRUCTION WORK IN
PROGRESS 4/ -- 11,818 -- (11,818) --
TOTAL $200,220 $23,636 $5,102 $(11,818) $206,936
</TABLE>
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
The amount of $11,818,000 represents assets transferred to "in-service"
during 1995.
<PAGE>
<PAGE>
7
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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
None
TOTAL $ -0- $ -0-
3/ DESCRIBE OTHER SERVICE COMPANY PROPERTY:
Includes leased assets at December 31, 1995 ($59,834,000) which have been
capitalized in accordance with FASB Statement Nos. 13 and 71 and other owned
assets at December 31, 1995 ($22,000).
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
None
<PAGE>
<PAGE>
8
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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> <C> <C> <C> <C> <C>
301 ORGANIZATION $ -- $ -- $ -- $ -- $ --
303 MISCELLANEOUS
INTANGIBLE
PLANT -- -- -- -- --
304 LAND AND LAND
RIGHTS -- -- -- -- --
305 STRUCTURES AND
IMPROVEMENTS 43,822 3,959 -- -- 47,781
306 LEASEHOLD
IMPROVEMENTS 224 9 -- (89) 144
307 EQUIPMENT -- -- -- -- --
308 OFFICE
FURNITURE AND
FIXTURES 147 40 -- -- 187
309 AUTOMOBILES,
OTHER VEHICLES
AND RELATED
GARAGE EQUIPMENT -- -- -- -- --
310 AIRCRAFT AND
AIRPORT EQUIPMENT -- -- -- -- --
311 OTHER SERVICE
COMPANY PROPERTY 15,624 1 4,662 12,099 23,062
TOTAL $59,817 $4,009 $4,662 $12,010 $71,174
</TABLE>
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
Includes current year's amortization of leased assets.
<PAGE>
<PAGE>
9
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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)
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) $4,083 $ 4,697
Umbrella Trust 4,228 8,677
Notes Receivable Constructive
Marketing Program 82 102
Sub-Total Other Investments 8,393 13,476
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS
None
TOTAL $8,393 $13,476
<PAGE>
<PAGE>
10
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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.
<CAPTION>
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. $ 150 $ 655
AEP Generating Company 1,140 1,237
AEP Resources, Inc. 8 79
American Electric Power Company, Inc. 83 94
Appalachian Power Company 28,024 28,055
Appalachian Power Company (Commercial PFBC) 2 18
Appalachian/Ohio Power Joint Account (Amos) 190 84
Appalachian/Ohio Power Joint Account (Sporn) 89 56
Blackhawk Coal Company/Price River Coal Company 15 21
Cardinal Operating Company 165 139
Cedar Coal Co. 10 26
Central Appalachian Coal Company 1 --
Central Coal Company 2 3
Central Ohio Coal Company 248 194
Central Operating Company 28 23
Columbus Southern Power Company 12,078 17,224
Columbus Southern Power (Zimmer Conversion Project) -- --
Conesville Coal Preparation Company 75 74
Indiana Michigan Power Company 12,861 8,932
Indiana Michigan Power/AEP Generating Joint
Account (Rockport) 323 272
SUB-TOTAL 55,492 57,186
<CAPTION>
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
BY COMPANY: (In Thousands)
<S> <C>
Associate Companies
AEP Energy Services, Inc. $ 11
AEP Generating Company 104
AEP Investments, Inc. 1
AEP Resources International (1)
American Electric Power Company, Inc. 297
Appalachian Power Company 246,475
Appalachian/Ohio Power Joint Account (Amos) 920
Appalachian/Ohio Power Joint Account (Sporn) 349
Blackhawk Coal Company/Price River Coal Company 66
Cardinal Operating Company 139
Central Appalachian Coal Company 2
SUB-TOTAL PAYMENTS 248,363
</TABLE>
<PAGE>
<PAGE>
10A
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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.
<CAPTION>
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 55,492 57,186
Indiana Michigan Power Company-Water Transportation 309 237
Kanawha Valley Power Company 5 --
Kentucky Power Company 2,171 2,626
Kingsport Power Company 211 255
Ohio Power Company 8,469 8,157
Ohio Power Company-Cook Coal Terminal 109 130
Ohio Power Company (Gavin) 425 374
Ohio Power Company (Tidd PFBC) 1 1
Simco, Inc. 1 --
Southern Appalachian Coal Company 13 3
Southern Ohio Coal Company 679 627
Wheeling Power Company 201 263
Windsor Coal Company 174 308
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 252 187
Ohio Valley Electric Corporation 140 157
TOTAL $68,652 $70,511
<CAPTION>
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
(In Thousands)
<S> <C>
Sub-Total Brought Forward 248,363
Central Coal Company 5
Central Ohio Coal Company 3,565
Central Operating Company 1,475
Colomet, Inc. 428
Columbus Southern Power Company 153,960
Conesville Coal Preparation Company 197
Franklin Real Estate Company (1)
Indiana Michigan Power Company 45,863
Indiana Michigan Power/AEP Generating Joint Account (Rockport) 1,157
Indiana Michigan Power Company-Water Transportation 1,284
Kentucky Power Company 3,927
Kingsport Power Company 1,014
SUB-TOTAL PAYMENTS 461,237
</TABLE>
<PAGE>
<PAGE>
10B
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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
<TABLE>
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
(In Thousands)
<S> <C>
Sub-Total Brought Forward 461,237
Ohio Power Company 48,963
Ohio Power Company-Cook Coal Terminal 109
Ohio Power Company (Gavin) 10
Ohio Power Company (Tidd PFBC) 42
Simco, Inc. 30
Southern Appalachian Coal Company 5
Southern Ohio Coal Company 8,656
Wheeling Power Company 687
Windsor Coal Company 408
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 5
Ohio Valley Electric Corporation 10
TOTAL PAYMENTS $520,162
</TABLE>
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.
<PAGE>
<PAGE>
11
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 Energy Services, Inc. $ 1 $ 1 $ 2
Appalachian Power Company 714 445 1,159
Appalachian/Ohio Power Joint Account (Sporn) 2 4 6
Blackhawk Coal Company 30 15 45
Cardinal Operating Company 206 127 333
Cedar Coal Co. 50 27 77
Central Coal Company 8 4 12
Central Ohio Coal Company 1,072 642 1,714
Columbus Southern Power Company 579 340 919
Conesville Coal Preparation Company 269 153 422
Indiana Michigan Power Company 155 130 285
Indiana Michigan Power/AEP Generating Joint
Account (Rockport) 515 320 835
Indiana Michigan Power Company-Water Transportation 573 302 875
Kentucky Power Company 181 106 287
Kingsport Power Company -- 1 1
Ohio Power Company 838 531 1,369
Ohio Power Company-Cook Coal Terminal 443 239 682
Southern Appalachian Coal Company 34 18 52
Southern Ohio Coal Company 3,576 2,118 5,694
Windsor Coal Company 966 545 1,511
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 137 72 209
Ohio Valley Electric Corporation 198 98 296
TOTAL $10,547 $6,238 $16,785
</TABLE>
SUMMARY: Managerial, engineering, technical and administrative services
rendered to AEP System coal mining companies, and coal procurement services
rendered to AEP System generating companies and other similar services.
<PAGE>
<PAGE>
12
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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)
<S> <C> <C> <C>
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED
Associate Companies
AEP Energy Services $ 1 $ 1 $ 2
AEP Generating Company 120 244 364
Appalachian Power Company 414 1,142 1,556
Appalachian/Ohio Power Joint Account (Amos) 4 72 76
Appalachian/Ohio Power Joint Account (Sporn) 3 48 51
Cardinal Operating Company 5 73 78
Cedar Coal Co. -- 6 6
Central Ohio Coal Company 6 102 108
Columbus Southern Power Company 212 547 759
Conesville Coal Preparation Company 1 9 10
Indiana Michigan Power Company 424 806 1,230
Indiana Michigan Power/AEP Generating
Joint Account (Rockport) 4 65 69
Indiana Michigan Power Company-Water Transportation 1 23 24
Kanawha Valley Power Company -- 1 1
Kentucky Power Company 58 204 262
Kingsport Power Company 24 60 84
Ohio Power Company 468 1,306 1,774
Ohio Power Company-Cook Coal Terminal 1 12 13
Ohio Power Company (Gavin) 41 39 80
Southern Ohio Coal Company 9 144 153
Wheeling Power Company 23 52 75
Windsor Coal Company 4 59 63
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 22 18 40
Ohio Valley Electric Corporation 4 3 7
TOTAL $1,849 $5,036 $6,885
</TABLE>
<PAGE>
<PAGE>
13
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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)
ACCOUNT 174 - MISCELLANEOUS CURRENT AND
ACCRUED ASSETS
Miscellaneous - 0 items 1994; 1 item 1995 $ -- $4
TOTAL $ -0- $4
<PAGE>
<PAGE>
14
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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)
<S> <C> <C>
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
Regulatory Asset-Postretirement Benefits $2,594 $2,270
Regulatory Asset-Postemployment Benefits -- 1,862
Regulatory Asset-Taxes -- 298
Unbilled Charges 2,395 2,223
Deferred Employee Moving Expense 36 94
Miscellaneous - 2 items 1994; 2 items 1995 8 3
TOTAL $5,033 $6,750
</TABLE>
<PAGE>
<PAGE>
15
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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)
<S> <C>
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES
Transmission, Distribution & UHV Systems $274
Advanced Pressurized Water Reactor Design 162
Coal-Fired Generation 137
General Activities 88
Unpressurized Storage Water Heater 35
TOTAL $696
</TABLE>
<PAGE>
<PAGE>
16
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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
<CAPTION>
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
<S> <C>
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL
None
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS
None
TOTAL $ -0-
<CAPTION>
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
<S> <C> <C> <C> <C>
ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS
None
TOTAL $ -0- $ -0- $ -0- $ -0-
</TABLE>
<PAGE>
<PAGE>
17
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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:
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 12,500 -- 2,500 10,000
--Series E Mortgage Notes 12/15/08 9.600 70,000 62,500 -- 2,500 60,000
Sub-Total 100,000 85,000 -- 5,000 80,000
TOTAL $101,100 $86,100 $ -- $5,000 $81,100
1/ GIVE AN EXPLANATION OF DEDUCTIONS: Loan payments. See Note 7, Schedule XIV, for further explanation of dates
of maturity.
</TABLE>
<PAGE>
<PAGE>
18
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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
Columbus Southern Power Company $ 114 $ --
Indiana Michigan Power Company 15,156 12,724
Kentucky Power Company 412 3,838
Ohio Power Company 15,718 17,233
Miscellaneous - 10 items in 1994; 10 items in 1995 10 17
TOTAL $31,410 $33,812
(In Thousands)
ACCOUNT 242 - MISCELLANEOUS CURRENT AND
ACCRUED LIABILITIES
Accrued Vacation Pay $ 7,828 $ 8,501
Accrued Incentive Pay 3,730 6,129
Accrued Severance Pay 4,424 495
Employee Savings Plan 398 16
Retirement Plan 14,370 --
Accrued Workers' Compensation 479 278
AEP System Stock Purchase Plan 104 102
Payroll Withholdings 169 166
Accrued Rent on John E. Dolan Engineering Laboratory 1,274 1,231
Accrued Rent for Office Space at Market Square,
Washington, D.C. 90 91
Accrued Rent on the IBM 3090 System 12 1
Accrued Severance-Group Medical 339 159
TOTAL $33,217 $17,169
</TABLE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19
For the Year Ended December 31, 1995
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 certain managerial and profess-
ional services including administrative and engineering ser-
vices to the affiliated companies in the American Electric
Power (AEP) System and periodically to unaffiliated companies.
Regulation and Basis of Accounting
As a subsidiary of AEP Co., Inc., 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 cost-
based rate-regulated entity, AEPSC's financial statements
reflect the actions of the regulators that result in the
recognition of revenues and expenses in different time periods
than enterprises that are not rate 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 reflect the economic effects of regulation. Regulatory
assets and liabilities are comprised of the following:
December 31,
1995 1994
Regulatory Assets: (In Thousands)
Unamortized Loss on Reacquired
Debt $ 6,439 $7,105
Postretirement Benefits 2,270 2,594
Postemployment Benefits 1,862 --
Total Regulatory Assets $10,571 $9,699
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19A
For the Year Ended December 31, 1995
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.
December 31,
1995 1994
Regulatory Liabilities: (In Thousands)
Deferred Amounts Due to
Affiliates for Income
Tax Benefits (Net) $7,443 $6,907
Deferred Investment Tax Credits 1,152 1,359
Total Regulatory Liabilities $8,595 $8,266
Use of Estimates
The preparation of these financial statements in conformity
with generally accepted accounting principles requires in
certain instances the use of management's estimates. Actual
results could differ from those estimates.
Income and Expenses
Services rendered to both affiliated and unaffiliated com-
panies are 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.
Income Taxes
The Company follows the liability method of accounting for
income taxes as prescribed by SFAS 109, Accounting for Income
Taxes. Under the liability method, deferred income
taxes are provided for all temporary differences between book
cost and tax basis of assets and liabilities which will result
in a future tax consequence. Where the flow-through method of
accounting for temporary differences is reflected in billings,
regulatory assets and liabilities are recorded in accordance
with SFAS 71.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19B
For the Year Ended December 31, 1995
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.
Investment Tax Credits
Investment tax credits utilized in prior years' federal
income tax returns were deferred and are being amortized
over the life of the related investment in accordance with
regulatory treatment.
Property
Property is stated at original cost. Land, structures and
structural improvements are generally subject to first
mortgage liens. Depreciation is provided 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.
Debt
With SEC Staff approval 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.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19C
For the Year Ended December 31, 1995
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.
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. 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 projected
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
taxes, but not less than the minimum required contribution
in accordance with the Employee Retirement Income Security
Act of 1974.
Net pension plan costs for the years ended December 31,
1995 and 1994 were $2.6 million and $4.7 million,
respectively.
An employee savings plan is offered which allows partici-
pants to contribute up to 17% of their salaries into various
investment alternatives, including AEP Co., Inc. common stock.
An employer matching contribution, equaling one-half of the
employees' contribution to the plan up to a maximum of 3% of
the employees' base salary, is invested in AEP Co., Inc.
common stock. The Company's annual contribution totaled $2.9
million in 1995 and $2.8 million in 1994.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19D
For the Year Ended December 31, 1995
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.
Postretirement benefits other than pensions (OPEB) are
provided for retired employees under an AEP System other post-
retirement benefit plan. Substantially all employees are
eligible for health care and life insurance if they have at
least 10 service years and are age 55 or older when employment
terminates.
SFAS 106, Employers' Accounting for Postretirement Benefits
Other Than Pensions, was adopted in January 1993 for the
Company's aggregate OPEB liability. SFAS 106 requires the
accrual during the employee's service years of the present
value liability for OPEB costs. Costs for the accumulated
postretirement benefits earned and not recognized at adoption
are being recognized, in accordance with SFAS 106, as a trans-
ition obligation over 20 years. OPEB costs are determined by
the application of AEP System actuarial assumptions to each
company's employee complement. The Company's annual accrued
OPEB costs for employees and retirees required by SFAS 106,
which includes the recognition of one-twentieth of the prior
service transition obligation, were $7.3 million in 1995 and
$7.4 million in 1994.
As a result of SFAS 106, a Voluntary Employees Beneficiary
Association (VEBA) trust fund for OPEB benefits was established
and a corporate owned life insurance (COLI) program was imple-
mented to lower the net OPEB costs. The insurance policies
have a substantial cash surrender value which is recorded, net
of equally substantial policy loans, in investments. Legisla-
tion was passed by Congress which would have significantly
reduced the tax benefits of a COLI program in the future. The
legislation containing this provision was vetoed by the
President. At this time it is uncertain if legislation repeal-
ing certain tax benefits for COLI programs will be enacted. If
enacted this legislation would negatively impact the effective-
ness of the COLI program as a funding and cost reduction mech-
anism. The amount contributed to the VEBA trust fund is the
difference between the pay-as-you-go OPEB cost and the SFAS 106
total OPEB cost. This contribution was funded by amounts
recovered from affiliates plus net earnings from the COLI pro-
gram. The Company contributed $4.5 million in 1995 and $5.0
million in 1994 to the VEBA trust fund.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19E
For the Year Ended December 31, 1995
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.
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, 1995 and
1994 the fair value of long-term debt was $103 million and
$91 million, respectively, based on quoted market prices for
similar issues and current interest rates offered for debt of
the same remaining maturities. The carrying amount for long-
term debt was $81 million and $86 million at December 31, 1995
and 1994, respectively.
5. FEDERAL INCOME TAXES:
The details of federal income taxes as reported are as
follows:
Year Ended December 31,
1995 1994
(In Thousands)
Current (net)................... $(4,209) $(1,978)
Deferred (net).................. (930) (1,199)
Deferred Investment Tax Credits
(net)........................ (207) (376)
Total Federal Income Tax
Credit..................... $(5,346) $(3,553)
Federal income taxes as reported are different than the 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.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19F
For the Year Ended December 31, 1995
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 following tables show the elements of the net deferred
tax liability and the significant temporary differences that
gave rise to it:
December 31,
1995 1994
(In Thousands)
Deferred Tax Assets $ 20,420 $ 18,296
Deferred Tax Liabilities (27,077) (26,419)
Net Deferred Tax Liabilities $ (6,657) $ (8,123)
Property Related Temporary Differences $(25,141) $(24,544)
Accrued Pension Expense 5,935 5,708
Deferred and Accrued Compensation 4,421 3,999
Amounts Due to Affiliates for
Future Federal Income Taxes 2,608 2,417
All Other (net) 5,520 4,297
Total Net Deferred Tax Liabilities $ (6,657) $( 8,123)
The Company joins in the filing of a consolidated federal
income tax return with its affiliates in the AEP System. The
allocation of the AEP System's current consolidated federal
income tax to the System companies is in accordance with SEC
rules under the 1935 Act. These rules permit the allocation
of the benefit of current tax losses utilized to the System
companies giving rise to them in determining their current
tax expense. The tax loss of the System parent company, AEP
Co., Inc., is allocated to its subsidiaries with taxable
income. With the exception of the loss of the parent company,
the method of allocation approximates a separate return result
for each company in the consolidated group.
6. LEASES:
Leases of structures, improvements, office furniture and
miscellaneous equipment are for periods up to 30 years and
require payments of related property taxes, maintenance and
operating costs. The majority of the leases have purchase or
renewal options and will be renewed or replaced by other
leases.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19G
For the Year Ended December 31, 1995
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
The components of rental costs are as follows:
Year Ended December 31,
1995 1994
(In Thousands)
Operating Leases.................$ 3,293 $ 4,492
Amortization of Capital Leases... 11,479 9,437
Interest on Capital Leases....... 2,452 2,253
Total Rental Costs...........$17,224 $16,182
Properties under capital leases and related obligations
recorded on the Balance Sheets are as follows:
December 31,
1995 1994
(In Thousands)
Properties Under Capital Leases:
Structures and Improvements...... $11,750 $11,750
Office Furniture and Miscellaneous
Equipment...................... 48,083 41,180
59,833 52,930
Accumulated Amortization........... 23,058 15,623
Net Properties Under Capital
Leases......................... $36,775 $37,307
Capital Lease Obligations:
Noncurrent Liability............. $24,660 $26,345
Liability Due Within One Year.... 12,115 10,962
Total Capital Lease Obligations $36,775 $37,307
Properties under operating leases and related obligations
are not included in the Balance Sheets.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19H
For the Year Ended December 31, 1995
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 rentals consisted of the following at
December 31, 1995:
Noncancelable
Capital Operating
Leases Leases
(In Thousands)
1996............................. $14,375 $ 334
1997............................. 7,742 302
1998............................. 4,331 169
1999............................. 3,449 151
2000............................. 2,633 120
Later Years...................... 23,140 389
Total Future Minimum Lease
Rentals........................ 55,670 $1,465
Less Estimated Interest Element.. 18,895
Estimated Present Value of Future
Minimum Lease Rentals.......... $36,775
7. LONG-TERM DEBT:
Long-term debt was outstanding as follows:
December 31,
Interest 1995 1994
Rate (In Thousands)
Notes Payable to Banks:
Due October 1998.......... 5.29% $10,000 $10,000
Mortgage Notes:
Series D(a)............... 9.00% 10,000 12,500
Series E(b)............... 9.60% 60,000 62,500
Advances from Parent Company. (c) 1,100 1,100
81,100 86,100
Less Portion Due Within One Year 5,000 5,000
Total...................... $76,100 $81,100
(a) Due in annual installments of $2,500,000 until
December 1999.
<PAGE>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 19I
For the Year Ended December 31, 1995
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 from 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, 1995 is payable
as follows:
Principal
Amount
(In Thousands)
1996...................................... 5,000
1997...................................... 5,000
1998...................................... 15,000
1999...................................... 5,000
2000...................................... 2,000
Later Years............................... 49,100
Total................................... $81,100
<PAGE>
<PAGE>
20
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 $260,442 $243,764
458 Services rendered to nonassociate
companies 63 71
421 Miscellaneous income or loss 381 263
Total Income 260,886 244,098
EXPENSE
920 Salaries and wages 125,066 121,542
921 Office supplies and expenses 15,646 13,568
922 Administrative expense transferred - credit (770) (655)
923 Outside services employed 46,704 30,375
924 Property insurance 91 91
925 Injuries and damages 659 575
926 Employee pensions and benefits 28,818 33,742
928 Regulatory commission expense -- --
930.1 General advertising expenses -- --
930.2 Miscellaneous general expenses 883 1,253
931 Rents 18,845 18,162
932 Maintenance of structures and equipment 3,242 3,119
403 Depreciation and amortization expense 4,009 4,018
408 Taxes other than income taxes 12,161 11,079
409 Income taxes (4,209) (1,978)
410 Provision for deferred income taxes 8,969 8,998
411 Provision for deferred income taxes - credit (9,899) (10,197)
411.5 Investment tax credit (207) (376)
426.1 Donations 1,271 891
426.5 Other deductions 1,301 1,096
427 Interest on long-term debt 7,631 8,104
430 Interest on debt to associate companies -- --
431 Other interest expense 675 691
Total Expense 260,886 244,098
Net Income or (Loss) $ -0- $ -0-
</TABLE>
<PAGE>
<PAGE>
21
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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. $ 2,375 $ 456 $ 3 $ 2,834
AEP Generating Company 3,552 527 7 4,086
AEP Investments, Inc. 7 2 -- 9
AEP Resources, Inc. 263 45 -- 308
American Electric Power Company, Inc. 760 194 2 956
Appalachian Power Company 50,267 7,666 112 58,045
Appalachian Power (Commercial PFBC) 26 7 -- 33
Appalachian/Ohio Power Joint
Account (Amos) 752 120 2 874
Appalachian/Ohio Power Joint
Account (Sporn) 437 88 2 527
Blackhawk Coal Company/Price River Coal
Company 39 6 -- 45
Cardinal Operating Company 1,126 185 3 1,314
Cedar Coal Co. 81 12 -- 93
Central Appalachian Coal Company -- -- -- --
Central Coal Company 10 1 -- 11
Central Ohio Coal Company 1,774 203 6 1,983
Central Operating Company 163 18 -- 181
Columbus Southern Power Company 28,048 4,045 59 32,152
Conesville Coal Preparation Company 395 47 1 443
Indiana Michigan Power Company 59,448 9,473 137 69,058
Indiana Michigan Power Company-
Water Transportation 941 113 2 1,056
Indiana Michigan Power/AEP Generating
Joint Account (Rockport) 2,393 384 7 2,784
Kanawha Valley Power Company 11 2 -- 13
Kentucky Power Company 9,528 1,472 22 11,022
Kingsport Power Company 1,759 257 4 2,020
Ohio Power Company 47,240 7,131 106 54,477
Ohio Power Company-Cook Coal Terminal 642 77 1 720
Ohio Power Company (Gavin) 1,924 462 12 2,398
Ohio Power Company (Tidd PFBC) -- -- -- --
Simco, Inc. -- -- -- --
Southern Appalachian Coal Company 45 6 -- 51
Southern Ohio Coal Company 5,708 678 15 6,401
Wheeling Power Company 1,721 233 4 1,958
Windsor Coal Company 1,502 174 4 1,680
Unbilled Revenues 23 -- -- 23
SUB-TOTAL 222,960 34,084 511 257,555
</TABLE>
<PAGE>
<PAGE>
21A
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 222,960 34,084 511 257,555
Statutory Subsidiaries
Indiana-Kentucky Electric Corporation 1,365 294 8 1,667
Ohio Valley Electric Corporation 1,029 188 3 1,220
TOTAL $225,354 $34,566 $522 $260,442
</TABLE>
<PAGE>
<PAGE>
22
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 $45 $-- $-- $45 $-- $45
Ohio Edison Company 4 -- -- 4 -- 4
Cincinnati Gas & Electric (Zimmer
Service Agreement) 3 1 -- 4 -- 4
Northwest Power Coordinating Council 3 -- -- 3 -- 3
Duke Power Company 2 1 -- 3 -- 3
Mid-Atlantic Area Coordination-GPUSC 2 -- -- 2 -- 2
PJM Interconnections 2 -- -- 2 -- 2
TOTAL $61 $ 2 $-0- $63 $-0- $63
</TABLE>
INSTRUCTION: Provide a brief description of the services
rendered to each nonassociate company:
Engineering and computer services.
<PAGE>
<PAGE>
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 23
For the Year Ended December 31, 1995
<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> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $121,799 $ 3,252 $125,051 $15 $-- $15
921 OFFICE SUPPLIES AND EXPENSES 7,540 8,102 15,642 3 1 4
922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT (770) -- (770) -- -- --
923 OUTSIDE SERVICES EMPLOYED 44,764 1,932 46,696 8 -- 8
924 PROPERTY INSURANCE -- 91 91 -- -- --
925 INJURIES AND DAMAGES 644 15 659 -- -- --
926 EMPLOYEE PENSIONS AND BENEFITS 27,421 1,394 28,815 3 -- 3
928 REGULATORY COMMISSION EXPENSE -- -- -- -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- -- -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 818 65 883 -- -- --
931 RENTS 15,126 3,690 18,816 29 -- 29
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 1,607 1,633 3,240 2 -- 2
403 DEPRECIATION AND AMORTIZATION EXPENSE 231 3,778 4,009 -- -- --
408 TAXES OTHER THAN INCOME TAXES 8,578 3,582 12,160 1 -- 1
409 INCOME TAXES (4,210) -- (4,210) -- -- --
410 PROVISION FOR DEFERRED INCOME TAXES 8,969 -- 8,969 -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT (9,898) -- (9,898) -- -- --
411.5 INVESTMENT TAX CREDIT (207) -- (207) -- -- --
426.1 DONATIONS 1,271 -- 1,271 -- -- --
426.5 OTHER DEDUCTIONS 1,301 -- 1,301 -- -- --
427 INTEREST ON LONG-TERM DEBT 959 6,671 7,630 -- 1 1
431 OTHER INTEREST EXPENSE 35 640 675 -- -- --
INSTRUCTION: Total cost of service will equal for
associate and nonassociate companies the total
amount billed under their separate analysis of
billing schedules.
TOTAL EXPENSES = 225,978 34,845 260,823 61 2 63
421 MISCELLANEOUS INCOME (102) (279) (381) -- -- --
TOTAL EXPENSES = $225,876 $34,566 $260,442 $61 $ 2 $63
COMPENSATION FOR USE OF EQUITY CAPITAL = -- -- -- -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES= -- -- -- -- -- --
</TABLE>
<PAGE>
<PAGE>
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 23A
For the Year Ended December 31, 1995
<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> <C> <C> <C>
920 SALARIES AND WAGES $121,814 $ 3,252 $125,066
921 OFFICE SUPPLIES AND EXPENSES 7,543 8,103 15,646
922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT (770) -- (770)
923 OUTSIDE SERVICES EMPLOYED 44,772 1,932 46,704
924 PROPERTY INSURANCE -- 91 91
925 INJURIES AND DAMAGES 644 15 659
926 EMPLOYEE PENSIONS AND BENEFITS 27,424 1,394 28,818
928 REGULATORY COMMISSION EXPENSE -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 818 65 883
931 RENTS 15,155 3,690 18,845
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 1,609 1,633 3,242
403 DEPRECIATION AND AMORTIZATION EXPENSE 231 3,778 4,009
408 TAXES OTHER THAN INCOME TAXES 8,579 3,582 12,161
409 INCOME TAXES (4,210) -- (4,210)
410 PROVISION FOR DEFERRED INCOME TAXES 8,969 -- 8,969
411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT (9,898) -- (9,898)
411.5 INVESTMENT TAX CREDIT (207) -- (207)
426.1 DONATIONS 1,271 -- 1,271
426.5 OTHER DEDUCTIONS 1,301 -- 1,301
427 INTEREST ON LONG-TERM DEBT 959 6,672 7,631
431 OTHER INTEREST EXPENSE 35 640 675
INSTRUCTION: Total cost of service will equal for
associate and nonassociate companies the total
amount billed under their separate analysis of
billing schedules.
TOTAL EXPENSES = 226,039 34,847 260,886
421 MISCELLANEOUS INCOME (102) (279) (381)
TOTAL EXPENSES = $225,937 $34,568 $260,505
COMPENSATION FOR USE OF EQUITY CAPITAL = -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES= -- -- --
TOTAL COST OF SERVICE = $225,937 $34,568 $260,505
</TABLE>
<PAGE>
<PAGE>
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 24
For the Year Ended December 31, 1995
<CAPTION>
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
CORPORATE
D E S C R I P T I O N O F I T E M S TOTAL ADMIN. CORPORATE PLANNING &
AMOUNT OVERHEAD ACCOUNTING SERVICES COMM. BUDGETING
(In Thousands)
<S> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $125,066 $ 3,463 $2,100 $ 908 $1,668 $ 2,028
921 OFFICE SUPPLIES AND EXPENSES 15,646 6,542 58 23 259 289
922 ADMINISTRATIVE EXPENSE TRANSFERRED - (770) -- (12) -- (139) --
CREDIT
923 OUTSIDE SERVICES EMPLOYED 46,704 1,194 19 40 148 11,904
924 PROPERTY INSURANCE 91 88 -- -- -- --
925 INJURIES AND DAMAGES 659 18 12 4 9 11
926 EMPLOYEE PENSIONS AND BENEFITS 28,818 1,631 468 190 392 439
928 REGULATORY COMMISSION EXPENSE -- -- -- -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- -- -- -- --
930.2 MISCELLANEOUS GENERAL EXPENSES 883 58 -- -- 53 1
931 RENTS 18,845 1,825 2 2 77 --
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT 3,242 1,498 -- -- 4 8
403 DEPRECIATION AND AMORTIZATION EXPENSE 4,009 3,848 -- -- -- --
408 TAXES OTHER THAN INCOME TAXES 12,161 3,819 146 65 107 128
409 INCOME TAXES (4,210) -- -- -- -- --
410 PROVISION FOR DEFERRED INCOME TAXES 8,969 -- -- -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES - (9,898) -- -- -- -- --
CREDIT
411.5 INVESTMENT TAX CREDIT (207) -- -- -- -- --
426.1 DONATIONS 1,271 58 -- -- 20 --
426.5 OTHER DEDUCTIONS 1,301 -- 12 -- 143 --
427 INTEREST ON LONG-TERM DEBT 7,631 7,106 -- -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES -- -- -- -- -- --
431 OTHER INTEREST EXPENSE 675 675 -- -- -- --
INSTRUCTION: Indicate each department or
service function. (see Instruction 01-3
General Structure of Accounting System:
Uniform System of Accounts)
TOTAL EXPENSES = $260,886 $31,823 $2,805 $1,232 $2,741 $14,808
</TABLE>
<PAGE>
<PAGE>
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 25
For the Year Ended December 31, 1995
<CAPTION>
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
CUSTOMER & FOSSIL &
ACCOUNT MARKETING ENVIRONMENTAL EXEC. HYDRO FUEL HUMAN INFORMATION INTERNAL
NUMBER SERVICES SERVICES GROUP FINANCE PRODUCTION SUPPLY RESOURCES SERVICES AUDITS
(In Thousands)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 $2,678 $344 $11,786 $1,006 $21,316 $10,223 $2,431 $15,061 $2,853
921 383 25 1,377 89 1,166 1,395 304 889 285
922 (1) (1) (558) -- (8) (47) -- -- --
923 2,618 8 5,675 6 271 285 1,039 15,973 72
924 -- -- -- -- -- 3 -- -- --
925 15 1 63 5 113 57 16 79 16
926 634 57 2,912 212 4,855 2,400 525 3,181 655
928 -- -- -- -- -- -- -- -- --
930.1 -- -- -- -- -- -- -- -- --
930.2 58 -- 536 6 58 60 10 8 --
931 (3) 18 503 127 118 333 5 14,048 5
932 -- -- 191 -- 11 134 12 1,084 --
403 -- -- -- -- -- 161 -- - --
408 192 16 719 67 1,614 748 158 1,102 210
409 -- -- -- -- -- -- -- -- --
410 -- -- -- -- -- -- -- -- --
411 -- -- -- -- -- -- -- -- --
411.5 -- -- -- -- -- -- -- -- --
426.1 2 1 1,138 -- 8 43 -- -- --
426.5 -- -- 1,080 -- -- 61 -- -- --
427 -- -- -- 525 -- -- -- -- --
430 -- -- -- -- -- -- -- -- --
431 -- -- -- -- -- -- -- -- --
$6,576 $469 $25,422 $2,043 $29,522 $15,856 $4,500 $51,425 $4,096
</TABLE>
<PAGE>
<PAGE>
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 25A
For the Year Ended December 31, 1995
<CAPTION>
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
POWER SYSTEM
ACCOUNT NUCLEAR GENERATION PURCHASING & SYSTEM POWER T&D
NUMBER LEGAL GENERATION ENGINEERING MATERIALS MGT. RATES PLANNING MARKETS SERVICES TAX
(In Thousands)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
920 $2,858 $16,649 $1,814 $1,718 $1,251 $5,595 $3,160 $13,354 $ 802
921 242 972 103 50 58 242 159 686 50
922 (3) -- -- -- -- (1) -- -- --
923 113 2,096 412 2,089 678 111 1,669 203 81
924 -- -- -- -- -- -- -- -- --
925 15 85 6 9 6 29 17 69 4
926 707 3,678 279 402 273 1,215 719 2,823 171
928 -- -- -- -- -- -- -- -- --
930.1 -- -- -- -- -- -- -- -- --
930.2 4 5 3 -- -- -- 3 18 2
931 91 163 69 8 2 229 357 866 --
932 -- 21 192 -- -- -- 31 56 --
403 -- -- -- -- -- -- -- -- --
408 159 1,123 74 120 76 354 207 904 53
409 -- -- -- -- -- -- -- -- (4,210)
410 -- -- -- -- -- -- -- -- 8,969
411 -- -- -- -- -- -- -- -- (9,898)
411.5 -- -- -- -- -- -- -- -- (207)
426.1 -- -- -- -- -- 1 -- -- --
426.5 3 2 -- -- -- -- -- -- --
427 -- -- -- -- -- -- -- -- --
430 -- -- -- -- -- -- -- -- --
431 -- -- -- -- -- -- -- -- --
$4,189 $24,794 $2,952 $4,396 $2,344 $7,775 $6,322 $18,979 $(4,183)
</TABLE>
<PAGE>
<PAGE>
26
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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) $ 3,463 $ 17 $ 3,446 $-- 104
Accounting 2,100 104 1,996 -- 47
Administrative Services 908 -- 908 -- 18
Corporate Communications 1,668 32 1,636 -- 26
Corporate Planning & Budgeting 2,028 2 2,026 -- 33
Customer & Marketing Services 2,678 -- 2,678 -- 52
Environmental Services 344 -- 344 -- 64
Executive Group 11,786 93 11,693 -- 71
Finance 1,006 232 774 -- 17
Fossil & Hydro Production 21,316 -- 21,315 1 85
Fuel Supply 10,223 -- 10,223 -- 148
Human Resources 2,431 -- 2,431 -- 43
Information Services 15,061 -- 15,053 8 280
Internal Audits 2,853 7 2,846 -- 43
Legal 2,858 88 2,770 -- 34
Nuclear Generation 16,649 -- 16,649 -- 253
Power Generation Engineering 1,814 -- 1,814 -- 309
Purchasing & Materials
Management 1,718 -- 1,718 -- 30
Rates 1,251 -- 1,251 -- 16
System Planning 5,595 -- 5,595 -- 79
System Power Markets 3,160 -- 3,160 -- 53
T&D Services 13,354 1 13,347 6 209
Tax 802 -- 802 -- 14
TOTAL $125,066 $576 $124,475 $15 2,028
</TABLE>
<PAGE>
<PAGE>
27
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Legal Services (In Thousands)
<S> <C> <C>
Hunton & Williams NA $ 36
Porter, Wright, Morris & Arthur NA 58
Steptoe & Johnson NA 32
Other Payees - 13 payees
of less than $25,000 67
Sub-Total Legal Services 193
Engineering Services
CDI Corporation NA 190
Ohio State University NA 46
Raytheon Engineers & Constructors, Inc. NA 34
SE Technologies, Inc. NA 1,510
Utility Management Services NA 36
Other Payees - 17 payees
of less than $25,000 93
Sub-Total Engineering Services 1,909
Software Services
ABB System Control NA 27
A C Coy Company NA 73
Analysts International Corporation NA 663
Application Partners, Inc. NA 40
</TABLE>
<PAGE>
<PAGE>
27A
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <C> <C>
Arthur Andersen & Co., S.C. NA 908
ASEA Brown Boveri Systems Control Company, Inc. NA 988
Avenet Computer NA 25
Bentley Systems Incorporated NA 65
BGS Systems, Inc. NA 82
BMC Software, Inc. NA 150
Candle Corporation NA 35
Cap Gemini America NA 546
Chemical Safety Corporation NA 70
Coastal Video Communications NA 147
Computer Associates International, Inc. NA 270
ComputerPeople, Inc. NA 2,673
Compuware Corporation NA 236
Control Software, Inc. NA 35
Coopers & Lybrand LLP NA 9,053
Criterion, Inc. NA 94
C. W. Costello and Associates, Inc. NA 51
Digital Equipment Corporation NA 39
</TABLE>
<PAGE>
<PAGE>
27B
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <C> <C>
EA Systems, Inc. NA 333
Egghead Software NA 610
Electric Power Research Institute NA 300
Everest Data Research, Inc. NA 195
First National Bank of Boston NA 2,150
Franklin Services Group NA 103
Future Scope, Inc. NA 41
Global Village Communication NA 28
Thomas Glover Associates NA 40
Halliburton Nus Corporation NA 40
Indecon, Inc. NA 566
Indigo Networking Corporation NA 27
Information Builders, Inc. NA 249
Information Industries, Inc. NA 192
Insight Direct, Inc. NA 36
Interactive Business NA 41
Intergraph Corporation NA 84
International Business Machines Corporation NA 615
Kemper Management Services, Inc. NA 140
</TABLE>
<PAGE>
<PAGE>
27C
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <C> <C>
Linesoft, Inc. NA 20
Logan Consulting NA 78
Lucas Management Systems NA 126
Maximation, Inc. NA 1,019
Newmedia, Inc. NA 60
Oasys, Inc. NA 116
Oracle Corporation NA 332
Origin Technology in Business NA 999
PeopleSoft, Inc. NA 2,296
Peregrine Systems, Inc. NA 28
Platinum Technology, Inc. NA 81
Power Technologies, Inc. NA 25
Project Controls NA 81
Protec Group, Inc. NA 99
Quick Solutions, Inc. NA 79
SARCOM NA 527
Security Dynamics NA 27
Software AG of North America, Inc. NA 153
</TABLE>
<PAGE>
<PAGE>
27D
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Software Services (In Thousands)
<S> <C> <C>
Software Architects, Inc. NA 447
Software Spectrum NA 314
Sterling Software, Inc. NA 103
Tangram Systems Corp. NA 32
Technologic Software NA 37
Tesseract Corporation NA 80
Vectra Technologies NA 30
Vinkad Services, Inc. NA 55
Self-Assessed State Sales
and Use Taxes NA 309
Other Payees - 223 payees
of less than $25,000 744
Sub-Total Software Services 30,357
Auditing
Deloitte & Touche LLP NA 46
Sub-Total Auditing 46
Other Professional Services
Abby Lane/Dana Temporaries, Inc. NA 46
Dr. Calvin C. Berlin NA 62
Cabot Management Group NA 45
</TABLE>
<PAGE>
<PAGE>
27E
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Other Professional Services (In Thousands)
<S> <C> <C>
Cambridge Energy Research Assoc. NA 43
CDI Corporation NA 100
Center for Workforce Effectiveness NA 71
Clean Air Capital Markets Limited Partnership NA 150
Commercial Movers, Inc. NA 120
ComputerPeople, Inc. NA 26
Coopers & Lybrand LLP NA 36
Criterion, Inc. NA 52
Darden Executive Education NA 29
Data Base of Ohio, Inc. NA 45
Dawson Personnel Systems NA 83
DRI/McGraw-Hill NA 26
Thomas A. Fleming NA 44
Franklin Services Group NA 339
The Galbreath Company NA 95
Gartner Group, Inc. NA 118
R. E. Harrington, Inc. NA 26
Haverly Systems, Inc. NA 31
International Business Machines Corporation NA 316
</TABLE>
<PAGE>
<PAGE>
27F
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Other Professional Services (In Thousands)
<S> <C> <C>
Lopez & Associates, Inc. NA 79
Market Strategies, Inc. NA 131
Marriott Corporation NA 111
Massachetts Institute of Technology NA 32
Mercer Management Consulting, Inc. NA 6,922
Mill James Productions NA 36
National Economic Research NA 617
Occupational and Preventive Medicine, Inc. NA 36
Office Team NA 92
Ohio State University NA 169
Olsten of Columbus, Inc. NA 28
Orthogonal Designs NA 33
PHH Homequity NA 355
Pinkerton Services Group NA 27
Quellette & Associates NA 52
Reichman-Karten-Sword, Inc. NA 76
Right Associates NA 64
SARCOM NA 504
Scott Madden and Associates, Inc. NA 307
</TABLE>
<PAGE>
<PAGE>
27G
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 "NA"=NON AMOUNT
ASSOCIATE
Other Professional Services (In Thousands)
<S> <C> <C>
Shaffer Sherman Sperry, Inc. NA 225
Software Support Group NA 805
Stanford Interior Gardens, Inc. NA 38
Towers Perrin NA 86
Kuniko A. Weber NA 46
Clay Whitehead Associates NA 213
Xenergy NA 215
Self-Assessed State Sales
and Use Taxes NA 229
Other Payees - 212 payees
of less than $25,000 768
Sub-Total Other Professional Services 14,199
TOTAL $46,704
</TABLE>
<PAGE>
<PAGE>
28
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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 $11,291
Deferred Compensation Benefits 750
Other Postretirement Benefits 7,272
Savings Plan 2,945
Supplemental Savings Plan 86
Supplemental Pension Plan 68
Moving Expenses 461
Retirement Plan 3,620
Long-Term Disability 694
Group Life Insurance 63
Dental Insurance 576
Employee Educational Assistance 172
Miscellaneous 820
(Note: Certain line items include trustee fees.)
TOTAL $28,818
</TABLE>
<PAGE>
<PAGE>
29
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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
None
TOTAL $ -0-
<PAGE>
<PAGE>
30
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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)
Directors' Fees and Expenses $ 6
Dues for Company Memberships 655
Other General Expenses 222
TOTAL $883
<PAGE>
<PAGE>
31
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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)
Computers and Data Processing Equipment $13,452
Microwave and Telecommunication Equipment 628
Office Furniture and Equipment 948
Office and Parking 1,543
Software 1,948
Videotex and Timesharing 211
Miscellaneous 115
TOTAL $18,845
<PAGE>
<PAGE>
32
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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)
1. Taxes Other Than U.S. Government Taxes
NY State Franchise $ 2
State Unemployment 198
Ohio Corporation Franchise 1,839
Ohio Real Estate Assessment 1,517
Ohio Intercounty Return of Taxable
Business Property 265
Miscellaneous Taxes 1
Sub-Total Taxes Other Than U.S. Government Taxes 3,822
2. U.S. Government Taxes
Federal Environmental Excise 1
Social Security 8,214
Federal Unemployment 124
Sub-Total U.S. Government Taxes 8,339
TOTAL $12,161
<PAGE>
<PAGE>
33
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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> <C> <C>
American Forestry Association Community $ 20
Ballet Metropolitan Community 13
Boy Scouts of America Community 34
Capital Square Renovation Community 7
Capital University Educational 5
Center of Science & Industry Community 203
Columbus Arts Stabilization Community 67
Columbus Foundation Community 10
Columbus Museum of Art Community 8
Columbus Symphony Orchestra Community 20
Columbus Urban League Community 8
Columbus Zoo Community 11
Community Shelter Board Community 10
College Fund Educational 5
Electric Transportation Community 4
Electric Information Council, Inc. Community 5
The Family Y of Lancaster and Fairfield
County Community 5
Foundation for American Communications Community 15
Foundation for Democracy Community 10
Franklin University Educational 4
Grant Medical Center Community 3
Great Lakes Water Quality Community 5
Greater Columbus Habitat Community 9
Homeless Families Foundation Community 3
I Know I Can Educational 5
Institute of Electrical & Electronics
Engineers Educational 10
Junior Achievement of Central Ohio Community 3
Mid-Ohio Food Bank Community 12
The Nature Conservancy Community 5
National Academy Educational 5
Nuclear Energy Institute Educational 121
Ohio Dominican College Educational 10
Ohio Foundation of Independent Colleges, Inc. Educational 25
Ohio Host Committee Community 5
Ohio River Valley Water Sanitation Commission Community 10
The Ohio State University Educational 52
Opera Columbus Community 10
Rensselaer Polytechnic Educational 20
SUB-TOTAL 777
</TABLE>
<PAGE>
<PAGE>
33A
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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> <C>
Sub-Total Brought Forward 777
Rosemont Center Community 4
St. Stephens Community House Community 4
Science & Mathematics Network Community 5
Danny Thompson Memorial Golf Community 3
United Way Community 207
Virginia Polytechnic Institute Educational 14
Virginia Tech Foundation, Inc. Matching Contribution 4
YMCA of Central Ohio Community 13
Wilds Community 5
WOSU-TV Community 3
Employees and Others (Salaries, salary related
expenses, overheads and other expenses) Community 41
Miscellaneous - 293 items of less than $3,000 Various 191
TOTAL $1,271
</TABLE>
<PAGE>
<PAGE>
34
<TABLE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
<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> <C> <C>
Cash Contributions: American Council For Capital
Formation-Center For
Policy Research $ 2
American Legislative Exchange 3
American Nuclear Society 2
Business Government Relations 1
Central & South West Corp. 14
Chamber of Commerce 69
Clean Coal Technology Coalition 15
Consumers United For Rail Equity 10
Electric Transportation Coalition 4
Forward Columbus Fund 10
The Health Coalition of
Central Ohio 2
National Chamber Litigation
Center, Inc. 5
National Endangered Species Act
Reform Coalition 25
National Governors Association 12
Ohioans for Fair Representation, Inc. 10
Renew Ohio Committee 10
Risk Policy Council 10
Service Fees: Business Roundtable 39
Burridge Associates, Inc. 2
The Capitol Connection 1
Congressional Delivery, Inc. 1
Temporary Staffing, Inc. 1
The Success Group, Inc. 20
Salaries, salary related expenses,
overheads, and other expenses Employees and Others 1,033
TOTAL $1,301
</TABLE>
<PAGE>
<PAGE>
35
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION
For the Year Ended December 31, 1995
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, 1995
ORGANIZATION CHART
Chairman, President & Chief Executive Officer
Fuel Supply
Legal
Nuclear Generation
EVP - Administration & Chief Accounting Officer
Administrative Services
Corporate Planning & Budgeting
Information Services
Tax
Accounting
Human Resources
Purchasing and Materials Management
EVP & Chief Financial Officer
Finance
System Planning
System Power Markets
Internal Audits (NOTE)
EVP
Rates
Customer and Marketing Services
Corporate Communications
EVP - Engineering & Construction
Fossil and Hydro Production
T&D Services
Power Generation Engineering
Environmental 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, 1995
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>
<PAGE>
ANNUAL REPORT OF AMERICAN ELECTRIC POWER SERVICE CORPORATION 38
For the Year Ended December 31, 1995
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
April 26, 1996
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, 1995
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, 1995.
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 1994. The amount shown for each company equals the total charges
billed under Work Order No. 1200 during 1995.
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 $7,780,673.00 of interest cost and debt
expenses related to the mortgage notes on its headquarters building
located in Columbus, Ohio.
All interest charges incurred by AEPSC during 1995 were for borrowings
with unaffiliated companies. No amount was billed by AEPSC during 1995
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
cc: P. J. DeMaria
G. P. Maloney
L. V. Assante
I:\ADMIN\U1360\LETTER.WP
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, 1995
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 Controller
(Printed Name and Title of Signing Officer)
Date: 4/30/96
<TABLE> <S> <C>
<ARTICLE> OPUR2
<MULTIPLIER> 1,000
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 135,763
<TOTAL-INVESTMENTS> 13,476
<TOTAL-CURRENT-ASSETS> 72,833
<TOTAL-DEFERRED-DEBITS> 33,689
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 255,761
<TOTAL-PROPRIETARY-CAPITAL> 1,350
<TOTAL-LONG-TERM-DEBT> 81,100
<NOTES-PAYABLE> 4,284
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 129,847
<TOTAL-DEFERRED-CREDITS> 12,103
<DEFERRED-INCOME-TAX> 27,077
<TOT-LIABIL-AND-PROPRIET-CAP> 255,761
<SERVICES-ASSOCIATE-COMPANIES> 260,442
<SERVICES-NON-ASSOCIATE-COMP> 63
<MISC-INCOME-OR-LOSS> 381
<TOTAL-INCOME> 260,886
<SALARIES-AND-WAGES> 125,066
<EMPLOYEE-PENSION-AND-BENEFIT> 28,818
<OTHER-EXPENSES> 107,002
<TOTAL-EXPENSES> 260,886
<NET-INCOME> 0
<TOTAL-EXPENSES-DIRECT-COST> 226,039
<TOTAL-EXPENSES-INDIRECT-COST> 34,847
<TOT-EXP-DIRECT-AND-INDIRECT> 260,886
<PERSONNEL-END-OF-YEAR> 2,028
