:
IN THE MATTER OF :
:
ALLEGHENY POWER SYSTEM, INC. et al. :
: CERTIFICATE
: PURSUANT
File No. 70-8411 : TO RULE 24
: FOR THE QUARTER ENDED
(Public Utility Holding : SEPTEMBER 30, 1995
Company Act of 1935) :
:
AYP Capital, Inc. ("AYP Capital") was incorporated in Delaware on
August 18, 1994. As of September 30, 1995, Allegheny Power System, Inc.
("APS") has made capital contributions to AYP Capital totaling $612,600.
During the quarter, AYP Capital continued to jointly pursue with
EUA-Cogenex demand-side management activities which include, but are not
limited to, marketing and sales, auditing, bidding, and job procurement and
performance. Such activities would be provided by the joint venture within
Washington, D.C. and the states of Maryland, Ohio, Pennsylvania, Virginia and
West Virginia.
During the quarter, AYP Capital also performed studies and
completed preliminary development activities in connection with (1) the
ownership of companies in the areas of emerging technologies closely related
to Allegheny Power System's core business, (2) the ownership of companies for
the acquisition and ownership of exempt wholesale generators and (3) the
provision of energy management consulting services to nonaffiliated entities.
The Balance Sheet and Statement of Income for AYP Capital, Inc. for
the quarter ended September 30, 1995 are also included as a part of this filing.
ALLEGHENY POWER SYSTEM, INC.
By NANCY L. CAMPBELL
Nancy L. Campbell
Vice President & Treasurer
AYP CAPITAL, INC.
By NANCY L. CAMPBELL
Nancy L. Campbell
Vice President & Treasurer
Dated: November 30, 1995
U:\DUMP\AYP\RULE24.995
AYP CAPITAL, INC.
BALANCE SHEET
September 30, 1995
ASSETS
CURRENT ASSETS:
CASH 16,763.77
TOTAL CURRENT ASSETS 16,763.77
PROPERTY, PLANT, & EQUIPMENT:
AT ORIGINAL COST 17,232.25
ACCUMULATED DEPRECIATION 0.00
TOTAL PROPERTY, PLANT, & EQUIPMENT 17,232.25
INVESTMENTS & OTHER ASSETS:
INVESTMENT 196,688.70
TOTAL INVESTMENTS & OTHER ASSETS 196,688.70
TOTAL ASSETS 230,684.72
LIABILITIES AND CAPITALIZATION
CURRENT LIABILITIES:
ACCOUNTS PAYABLE TO ASSOCIATED COMPANIES 119,255.81
OTHER ACCOUNTS PAYABLE 3,381.36
TOTAL CURRENT LIABILITIES 122,637.17
TOTAL LIABILITIES 122,637.17
CAPITALIZATION:
COMMON STOCK, $10 PAR, 1,000 SHARES AUTHORIZED,
100 SHARES OUTSTANDING 1,000.00
OTHER PAID-IN CAPITAL 611,600.40
RETAINED EARNINGS (504,552.85)
TOTAL CAPITALIZATION 108,047.55
TOTAL LIABILITIES AND CAPITALIZATION 230,684.72
PREPARED
27-Nov-95
<PAGE>
AYP CAPITAL, INC.
STATEMENT OF INCOME
FOR QUARTER ENDED SEPTEMBER 30, 1995
REVENUES:
SERVICES RENDERED 0.00
MISCELLANEOUS INCOME 0.00
TOTAL REVENUES 0.00
EXPENSES:
ADMINISTRATIVE & GENERAL 215,906.24
OTHER INCOME AND DEDUCTIONS 20.65
TOTAL EXPENSES 215,926.89
NET INCOME(LOSS) (215,926.89)
PREPARED
27-Nov-95
