<PAGE> File No. 70-8931
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Amendment No. 1 to
FORM U-1
APPLICATION OR DECLARATION
under
THE PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
***
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
AEP GENERATING COMPANY
1 Riverside Plaza, Columbus, Ohio 43215
APPALACHIAN POWER COMPANY
40 Franklin Road, S.W., Roanoke, Virginia 24011
COLUMBUS SOUTHERN POWER COMPANY
215 North Front Street, Columbus, Ohio 43215
INDIANA MICHIGAN POWER COMPANY
One Summit Square, P. O. Box 60, Fort Wayne, Indiana 46801
KENTUCKY POWER COMPANY
1701 Central Avenue, Ashland, Kentucky 41101
KINGSPORT POWER COMPANY
40 Franklin Road, S. W. Roanoke, Virginia 24011
OHIO POWER COMPANY
301 Cleveland Avenue, S. W., Canton, Ohio 44701
WHEELING POWER COMPANY
51 Sixteenth St., Wheeling, West Virginia 26003
(Name of company or companies filing this statement
and addresses of principal executive offices)
***
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
(Name of top registered holding company parent
of each applicant or declarant)
***
G. P. Maloney, Executive Vice President
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
John F. DiLorenzo, Jr., Associate General Counsel
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)
The undersigned hereby amend their Application or Declaration on
Form U-1 as follows:
(1) ITEM 1. DESCRIPTION OF PROPOSED TRANSACTION is amended
to add the following:
The eight electric utility subsidiaries of AEP operate as
utilities in the following jurisdictions:
Utility: Juristiction:
Appalachian Virginia, West Virginia,
Columbus Ohio
Generating Ohio, Indiana
Indiana Indiana, Michigan
Kentucky Kentucky
Kingsport Tennessee
Ohio Ohio
Wheeling West Virginia
A description of the regulatory authority over these utilities
in each of the jurisdictions is provided in ITEM 4 below.
(2) The paragraph captioned Certificates of Notification in
ITEM 1. DESCRIPTION OF PROPOSED TRANSACTION is amended and
restated to read as follows:
Certificates of Notification
It is proposed that in lieu of reporting sales of utility
assets by filing Certificates of Notification under Rule 24,
Appalachian, Columbus, Generating, Indiana, Kentucky, Kingsport,
Ohio and Wheeling will report such sales in their Annual Report on
Form U5S filed with the Commission.
(3) ITEM 4. REGULATORY APPROVALS is amended and restated to
read as follows:
The Securities and Exchange Commission has jurisdiction over
the transactions for which authority is requested herein. The
Federal Energy Regulatory Commission has jurisdiction over sales of
assets used for the interstate transmission of electric energy
valued in excess of $50,000. Individual sales of utility assets
are governed by other state regulatory commissions as follows:
Indiana Burns Ind. Code Ann Section 8-1-2-84
The Indiana Utility Regulatory Commission does not
exercise its jurisdiction over isolated transactions
such as the sale of transformers or utility poles
unless such sales are between two public utilities.
All such sales are subject to scrutiny during a rate
case including the proceeds from the sale of
personal property.There is an accounting method in
place where the proceeds of such sales are accounted
for "above the line" and taken as a credit to the
cost of service, thereby reducing rates.
Kentucky Kentucky Rev. Statutes Annotated, Title XXIV Public
Utilities, Chapter 278 Public Service Commission
The Kentucky Public Service Commission does not have
jurisdiction over the isolated sale of utility
assets. Section 278.255 of the Ky Rev. Statutes does
provide for the commission to conduct periodic
management and operation audits of each public
utility to investigate management effectiveness and
operating effiency. Sales of utility assets are
subject to review during a rate proceeding.
Michigan Michigan Statutes Annotated, Title 22. Public Utilities.
Michigan Public Service Commission does not have
jurisdiction over the isolated sale of utility
assets. Such sales are subject to review during a
rate proceeding.
Ohio Ohio Rev. Code Section 4905.48
The Public Utility Commission of Ohio has
jurisdiction only over the sale of assets to other
utilities in the state. Such sales of utility assets
are subject to review in a rate proceeding.
Tenn Tenn Code Ann. Title 65, Chapter 4
SecSection 65-4-101 - 117
By statute (Section 65-4-104) the Tennessee Public
Service Commission has general supervisory and
regulatory power, jurisdiction and control over all
public utilities, and also over their property and
property rights. It has the power to audit the books
and to review transactions whenever it deems
necessary. The authority does not exert jurisdiction
over isolated sales of personal property (utility
assets).
Virginia Va. Code Ann. Section 56-89
The Virginia State Corporation Commission has
jurisdiction over the disosition of any utility
assets located within Virginia. There is an
exemption for sales for consideration of less than
$25,000. All other transactions receive specific
approval.
West Virginia West Va. Code Section 24-2-12
West Virginia Public Service Commission has
jurisdiction over the transfer of personal property
of a public utility. Appalachian Power Company has
an exemption for sales for consideration of less
than $50,000. All other transactions receive
specific approval.
SIGNATURES
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned have duly caused this
Amendment No. 1 to its Form U-1 to be signed on their behalf by the
undersigned thereunto duly authorized.
AMERICAN ELECTRIC POWER COMPANY, INC.
AEP GENERATING COMPANY
APPALACHIAN POWER COMPANY
COLUMBUS SOUTHERN POWER COMPANY
INDIANA MICHIGAN POWER COMPANY
KENTUCKY POWER COMPANY
KINGSPORT POWER COMPANY
OHIO POWER COMPANY
WHEELING POWER COMPANY
By: /s/ A. A. Pena
Treasurer
Dated: December 8, 1996
