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AEP ENERGY SERVICES, INC.
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26014
FOR THE QUARTER ENDED SEPTEMBER 30, 1994
CONTENTS
Page
Statements of Income 1
Balance Sheet 2
Information Concerning Consulting Services Undertaken 3
Information Concerning Intellectual Property 3
Report on any Guarantees or Assumption of Liabilities
by AEP on Behalf of AEPES 3
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AEP ENERGY SERVICES, INC.
STATEMENTS OF INCOME
UNAUDITED
Three Months Ended Nine Months Ended
September 30, 1994 September 30, 1994
(in thousands)
REVENUES:
Services Rendered. . . . . . . . $ 131 $ 279
Miscellaneous Income . . . . . . 20 43
TOTAL REVENUES . . . . . 151 322
EXPENSES:
Outside Services Employed. . . . 1,020 1,943
Office Supplies and Services . . 21 36
Taxes Other Than Federal
Income Taxes . . . . . . . . . 1 4
Miscellaneous. . . . . . . . . . 11 38
TOTAL EXPENSES . . . . . 1,053 2,021
LOSS BEFORE FEDERAL INCOME TAXES . (902) (1,699)
FEDERAL INCOME TAX CREDIT. . . . . (315) (594)
NET LOSS . . . . . . . . . . . . . $ (587) $(1,105)
The common stock of the Company is wholly owned
by American Electric Power Company, Inc.
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AEP ENERGY SERVICES, INC.
BALANCE SHEET
UNAUDITED
September 30, 1994
(in thousands)
ASSETS
PROPERTY:
Flash Fill Patent. . . . . . . . . . . . . . . . . . . . $ 27
Accumulated Amortization . . . . . . . . . . . . . . . . 4
NET PROPERTY . . . . . . . . . . . . . . . . . . 23
CURRENT ASSETS:
Cash and Cash Equivalents. . . . . . . . . . . . . . . . 537
Accounts Receivable. . . . . . . . . . . . . . . . . . . 206
Accrued Tax Benefits. . . . . . . . . . . . . . . . . . 349
Prepayments. . . . . . . . . . . . . . . . . . . . . . . 14
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . 1,106
TOTAL ASSETS . . . . . . . . . . . . . . . . . $1,129
CAPITALIZATION AND LIABILITIES
SHAREOWNER'S EQUITY:
Common Stock - Par Value $1,000:
Authorized - 1,000 Shares
Outstanding - 110 Shares. . . . . . . . . . . . . . . $ 110
Paid-in Capital . . . . . . . . . . . . . . . . . . . . 2,390
Accumulated Deficit . . . . . . . . . . . . . . . . . . (1,406)
TOTAL SHAREOWNER'S EQUITY. . . . . . . . . . . . 1,094
CURRENT LIABILITIES - Accounts Payable -
Affiliated Company. . . . . . . . . . . . . . . . . . . 31
DEFERRED FEDERAL INCOME TAXES . . . . . . . . . . . . . . 4
TOTAL CAPITALIZATION AND LIABILITIES. . . . . $ 1,129
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AEP ENERGY SERVICES, INC.
ADDITIONAL INFORMATION
FOR THE QUARTER ENDED SEPTEMBER 30, 1994
1. CONSULTING SERVICES
AEP Energy Services, Inc. (AEPES) has provided consulting services
to a contractor, who is performing work on a U.S. Agency for Inter-
national Development sponsored Energy Efficiency and Market Reform
Project in Kyrgyzstan, Russia and Georgia.
2. INTELLECTUAL PROPERTY
There were no sales of intellectual property during this reporting
period.
3. GUARANTEES OR ASSUMPTION OF LIABILITIES BY AEP ON BEHALF OF AEPES
None.
