File No. 70-8779
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
POST-EFFECTIVE AMENDMENT NO. 2
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
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
APPALACHIAN POWER COMPANY
40 Franklin Road, Roanoke, Virginia 24022
COLUMBUS SOUTHERN POWER COMPANY
215 North Front Street, Columbus, Ohio 43215
INDIANA MICHIGAN POWER COMPANY
One Summit Square, Fort Wayne, Indiana 46801
KENTUCKY POWER COMPANY
1701 Central Avenue, Ashland, Kentucky 41101
KINGSPORT POWER COMPANY
422 Broad Street, Kingsport, Tennessee 37660
OHIO POWER COMPANY
339 Cleveland Avenue, S.W., Canton, Ohio 44702
WHEELING POWER COMPANY
51 - 16th Street, 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. Di Lorenzo, Jr., Associate General Counsel
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)
American Electric Power Company, Inc. ("American"), a holding
1935 ("1935 Act"), and American Electric Power Service Corporation,
Appalachian Power Company, Columbus Southern Power Company,
Kentucky Power Company, Kingsport Power Company, Indiana Michigan
Power Company, Ohio Power Company and Wheeling Power Company
(sometimes collectively referred to herein as "Applicants") hereby
amend their Application or Declaration on Form U-1 in File No. 70-
8779 as follows:
1. Item 1D is amended and restated as follows:
"D. Compliance with Rule 54:
Rule 54 provides that in determining whether to approve
certain transactions other than those involving exempt
wholesale generators ('EWG') or foreign utility companies
('FUCO'), as defined in the 1935 Act, the Commission will not
consider the effect of the capitalization or earnings of any
subsidiary which is an EWG or FUCO if Rule 53(a), (b) and (c)
are satisfied. The requirements of Rule 53(a), (b) and (c)
are satisfied.
Rule 53(a)(1). AEP Resources International, Limited
('AEPRI'), an indirect subsidiary of American, is an EWG. As
of June 30, 1996, American, through its subsidiary, Resources,
had invested $3,265,000 in AEPRI. This investment represents
less than 1% of $1,438,761,000, the average of the
consolidated retained earnings of American reported on Form
10-K or Form 10-Q, as applicable, for the four consecutive
quarters ended June 30, 1996.
Rule 53(a)(2). AEPRI will maintain books and records and
make available the books and records required by Rule
53(a)(2).
Rule 53(a)(3). No more than 2% of the employees of the
operating company subsidiaries of American will, at any one
time, directly or indirectly, render services to AEPRI.
Rule 53(a)(4). American has submitted and will submit a
copy of Item 9 and Exhibits G and H of American's Form U5S to
each of the public service commissions having jurisdiction
over the retail rates of American's operating company
subsidiaries.
Rule 53(b). (i) Neither American nor any subsidiary of
American is the subject of any pending bankruptcy or similar
proceeding; (ii) American's average consolidated retained
earnings for the four most recent quarterly periods
($1,438,761,000) represented an increase of approximately
$38,153,000 (or 0.3%) in the average consolidated retained
earnings from the previous four quarterly periods
($1,400,608,000); and (iii) for the year ended December 31,
1995, there were no losses attributable to American's
investments in AEPRI other than $93,000 in preliminary
development and start-up costs.
Rule 53(c). Rule 53(c) is inapplicable because the
requirements of Rule 53(a) and (b) have been satisfied.
2. The second paragraph of ITEM 1E is amended and restated
as follows:
"A successful marketer of Energy Commodities must be able
to manage a 'book' of contracts involving purchases, sales and
trades of Energy Commodities. The marketer will seek to hedge
the risk associated with these contracts through a combination
of balanced physical purchases and sales, purchases and sales
on futures markets, or other derivative risk management tools.
A successful marketer will need a strong presence in the
market for physical delivery of Energy Commodities, as well as
the capability to participate in the growing financial market
for energy-related products. In this connection, the value
added by the marketer, from the perspective of its customer,
is the superior ability of the marketer to aggregate risks so
as to manage them as efficiently as possible. In order to do
this, the marketer needs to have the ability to participate in
all the energy markets, both physically and financially."
3. By adding the following statement to the end of ITEM 2.
FEES, COMMISSIONS AND EXPENSES:
"No additional expenses are expected to be incurred in
connection with this Post-Effective Amendment No. 2."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this statement to be signed on their behalf by the undersigned
thereunto duly authorized.
AMERICAN ELECTRIC POWER COMPANY, INC.
AMERICAN ELECTRIC POWER SERVICE CORPORATION
APPALACHIAN POWER COMPANY
COLUMBUS SOUTHERN POWER COMPANY
KENTUCKY POWER COMPANY
KINGSPORT POWER COMPANY
INDIANA MICHIGAN POWER COMPANY
OHIO POWER COMPANY
WHEELING POWER COMPANY
By /s/ A. A. Pena
Treasurer
Dated: September 27, 1996
