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AEP ENERGY SERVICES, INC.
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26014
FOR THE QUARTER ENDED MARCH 31, 1995
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
March 31, 1995
(in thousands)
REVENUES:
Services Rendered. . . . . . . . . . . . . . . . . . $ 109
Miscellaneous Income . . . . . . . . . . . . . . . . 22
TOTAL REVENUES . . . . . . . . . . . . . . . 131
EXPENSES:
Outside Services Employed. . . . . . . . . . . . . . 334
Affiliated Services Employed . . . . . . . . . . . . 455
Office Supplies and Services . . . . . . . . . . . . 2
Taxes Other Than Federal Income Taxes. . . . . . . . 1
Miscellaneous. . . . . . . . . . . . . . . . . . . . 8
TOTAL EXPENSES . . . . . . . . . . . . . . . 800
LOSS BEFORE FEDERAL INCOME TAXES . . . . . . . . . . . (669)
FEDERAL INCOME TAX CREDIT. . . . . . . . . . . . . . . (234)
NET LOSS . . . . . . . . . . . . . . . . . . . . . . . $(435)
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
MARCH 31, 1995
UNAUDITED
(in thousands)
ASSETS
PROPERTY:
Flash Fill Patent. . . . . . . . . . . . . . . . . . . . $ 27
Accumulated Amortization . . . . . . . . . . . . . . . . 4
NET PROPERTY . . . . . . . . . . . . . . . . . . 23
CURRENT ASSETS:
Cash and Cash Equivalents. . . . . . . . . . . . . . . . 373
Accounts Receivable. . . . . . . . . . . . . . . . . . . 376
Accrued Tax Benefits. . . . . . . . . . . . . . . . . . 356
Prepayments. . . . . . . . . . . . . . . . . . . . . . . 33
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . 1,138
DEFERRED CHARGES . . . . . . . . . . . . . . . . . . . . . 45
TOTAL ASSETS . . . . . . . . . . . . . . . . . $ 1,206
CAPITALIZATION AND LIABILITIES
SHAREOWNER'S EQUITY:
Common Stock - Par Value $1,000:
Authorized - 1,000 Shares
Outstanding - 110 Shares. . . . . . . . . . . . . . . $ 110
Paid-in Capital . . . . . . . . . . . . . . . . . . . . 2,890
Accumulated Deficit . . . . . . . . . . . . . . . . . . (2,298)
TOTAL SHAREOWNER'S EQUITY. . . . . . . . . . . . 702
CURRENT LIABILITIES - Accounts Payable -
Affiliated Companies. . . . . . . . . . . . . . . . . . 160
DEFERRED CREDITS. . . . . . . . . . . . . . . . . . . . . 344
TOTAL CAPITALIZATION AND LIABILITIES. . . . . $ 1,206
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AEP ENERGY SERVICES, INC.
ADDITIONAL INFORMATION
FOR THE QUARTER ENDED MARCH 31, 1995
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 Russia and the republics of Kyrgyzstan and Georgia. AEPES has
also provided consulting services to a contractor who is performing work
for Sichuan Electric Power System. The Company has entered into
contracts to perform substation engineering, procurement and construction
management services for various customers.
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.
