<PAGE>
AEP ENERGY SERVICES, INC.
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26014
FOR THE QUARTER ENDED DECEMBER 31, 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
<PAGE>
<PAGE>
<TABLE>
AEP ENERGY SERVICES, INC.
STATEMENTS OF INCOME
UNAUDITED
<CAPTION>
Three Months Ended Twelve
Months Ended
December 31, 1994 December
31, 1994
(in thousands)
<S> <C>
<C>
REVENUES:
Services Rendered. . . . . . . . $ 215 $
494
Miscellaneous Income . . . . . . 24
67
TOTAL REVENUES . . . . . 239
561
EXPENSES:
Outside Services Employed. . . . 928
2,871
Office Supplies and Services . . 1
37
Taxes Other Than Federal
Income Taxes . . . . . . . . . -
4
Miscellaneous. . . . . . . . . . 13
51
TOTAL EXPENSES . . . . . 942
2,963
LOSS BEFORE FEDERAL INCOME TAXES . (703)
(2,402)
FEDERAL INCOME TAX CREDIT. . . . . (246)
(840)
NET LOSS . . . . . . . . . . . . . $(457)
$(1,562)
The common stock of the Company is wholly owned
by American Electric Power Company, Inc.
</TABLE>
<PAGE>
<PAGE>
<TABLE>
AEP ENERGY SERVICES, INC.
BALANCE SHEET
UNAUDITED
<CAPTION>
December
31, 1994
(in
thousands)
ASSETS
<S> <C>
PROPERTY:
Flash Fill Patent. . . . . . . . . . . . . . . . . . . . $
27
Accumulated Amortization . . . . . . . . . . . . . . . .
4
NET PROPERTY . . . . . . . . . . . . . . . . . .
23
CURRENT ASSETS:
Cash and Cash Equivalents. . . . . . . . . . . . . . . .
215
Accounts Receivable. . . . . . . . . . . . . . . . . . .
335
Accrued Tax Benefits. . . . . . . . . . . . . . . . . .
122
Prepayments. . . . . . . . . . . . . . . . . . . . . . .
5
TOTAL CURRENT ASSETS . . . . . . . . . . . . . .
677
DEFERRED CHARGES . . . . . . . . . . . . . . . . . . . . .
349
TOTAL ASSETS . . . . . . . . . . . . . . . . .
$1,049
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 . . . . . . . . . . . . . . . . . .
(1,863)
TOTAL SHAREOWNER'S EQUITY. . . . . . . . . . . .
637
CURRENT LIABILITIES - Accounts Payable -
Affiliated Company. . . . . . . . . . . . . . . . . . .
412
TOTAL CAPITALIZATION AND LIABILITIES. . . . . $
1,049
</TABLE>
<PAGE>
<PAGE>
AEP ENERGY SERVICES, INC.
ADDITIONAL INFORMATION
FOR THE QUARTER ENDED DECEMBER 31, 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 International Development sponsored
Energy Efficiency and Market Reform Project in Russia and
the republics of Kyrgyzstan and Georgia. AEPES has provided
management assessment consulting services to an industrial
company's plant in Hong Kong.
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.
