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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U5S
ANNUAL REPORT
For the year ended December 31, 1995
Filed Pursuant to the Public Utility Holding Company Act of 1935
by
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
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AMERICAN ELECTRIC POWER COMPANY, INC.
FORM U5S - ANNUAL REPORT
For the Year Ended December 31, 1995
TABLE OF CONTENTS Page
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF
DECEMBER 31, 1995. . . . . . . . . . . . . . . . . . . . . . 1-2
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS. . . . . . . . . . . 3
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM
SECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . 3
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES . 4-5
ITEM 5. INVESTMENTS IN SECURITIES OF NON-SYSTEM COMPANIES. . . . . . 6
ITEM 6. OFFICERS AND DIRECTORS
Part I. Names, principal business address and positions
held as of December 31, 1995 . . . . . . . . . . 7-15
Part II. Banking connections. . . . . . . . . . . . . . . 16
Part III. Compensation and other related information . . . 17-26
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS . . . . . . . . . . . . . 27
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
Part I. Contracts for services or goods between system
companies. . . . . . . . . . . . . . . . . . . . 28
Part II. Contracts to purchase services or goods between
any system company and any affiliate . . . . . . 28
Part III. Employment of any person by any system company
for the performance on a continuing basis of
management services. . . . . . . . . . . . . . . 28
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES . . . . . 29
ITEM 10 FINANCIAL STATEMENTS AND EXHIBITS (Index). . . . . . . . . . 30
SIGNATURE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
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<TABLE>
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1995.
<CAPTION>
Issuer Owner's
Number of Common Percent of Book Book
Name of Company Shares Owned Voting Power Value (E) Value (E)
(1) (2) (3) (4) (5)
(in thousands)
<S> <C> <C> <C> <C>
American Electric Power Company, Inc. (AEP) None None None None
AEP Energy Services, Inc. (AEPENS) 110 Shares 100 $ 326 $ 326
AEP Generating Company (AEGCo) 1,000 Shares 100 50,690 50,690
AEP Investments, Inc. (AEPINV) 100 Shares 100 5,683 5,683
AEP Resources, Inc. (AEPRES) 100 Shares 100 163 163
AEP Resources International, Ltd. (AEPRI) 1 Share 100 18 18
American Electric Power Service Corporation (AEPSC) 13,500 Shares 100 2,450 2,450
Appalachian Power Company* (APCo) 13,499,500 Shares 96.1(A) 984,530 1,005,569
Cedar Coal Co. (CeCCo) 2,000 Shares 100 2,655 2,655
Central Appalachian Coal Company** (CACCo) 3,000 Shares 100 63 63
Central Coal Company** (CCCo) 1,500 Shares 50 (B) 604 604
Central Operating Company (COpCo) 1,500 Shares 50 (B) 89 89
Southern Appalachian Coal Company** (SACCo) 6,950 Shares 100 8,817 8,817
West Virginia Power Company** (WVPCo) 100 Shares 100 228 218
Total Appalachian Power Company 12,456 12,446
Columbus Southern Power Company (CSPCo)* 16,410,426 Shares 100 689,773 689,773
Colomet, Inc.** (COLM) 1,500 Shares 100 2,760 2,760
Conesville Coal Preparation Company (CCPC) 100 Shares 100 1,180 1,180
Simco Inc.** (SIMCo) 90,000 Shares 100 510 510
Ohio Valley Electric Corporation (OVEC) 4,300 Shares 4.3 499 430
Total Columbus Southern Power Company 4,949 4,880
Franklin Real Estate Company (FRECo) 100 Shares 100 30 28
Indiana Franklin Realty, Inc. (IFRI) 10 Shares 100 1 1
Indiana Michigan Power Company* (I&M) 1,400,000 Shares 100 1,022,793 1,029,980
Blackhawk Coal Company** (BHCCo) 39,521 Shares 100 88,123 88,123
Price River Coal Company** (PRCCo) 1,091 Shares 100 27 27
Total Indiana Michigan Power Company 88,150 88,150
Integrated Communications Systems, Inc.*** (ICS) 80,000 Shares 20.5 (215) -
Kentucky Power Company (KEPCo) 1,009,000 Shares 100 220,581 223,367
Kingsport Power Company (KGPCo) 410,000 Shares 100 18,968 19,624
</TABLE>
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<TABLE>
ITEM 1. (CONTINUED)
<CAPTION>
Issuer Owner's
Number of Common Percent of Book Book
Name of Company Shares Owned Voting Power Value (E) Value (E)
(1) (2) (3) (4) (5)
(in thousands)
<S> <C> <C> <C> <C>
Ohio Power Company* (OPCo) 27,952,473 Shares 97 $1,298,704 $1,303,117
Cardinal Operating Company (CdOCo) 250 Shares 50 (C) 155 155
Central Coal Company** (CCCo) 1,500 Shares 50 (B) 604 604
Central Ohio Coal Company (COCCo) 69,000 Shares 100 21,469 21,469
Central Operating Company (COpCo) 1,500 Shares 50 (B) 89 89
Southern Ohio Coal Company (SOCCo) 5,000 Shares 100 135,893 135,893
Windsor Coal Company (WCCo) 4,064 Shares 100 11,346 11,519
Total Ohio Power Company 169,556 169,729
Ohio Valley Electric Corporation* (OVEC) 39,900 Shares 39.9 4,631 4,082
Indiana-Kentucky Electric Corporation (IKEC) 17,000 Shares 100 (D) 3,400 3,400
Wheeling Power Company (WPCo) 150,000 Shares 100 21,593 22,575
Equity in Subsidiaries - Unallocated 15,384 15,384
Total American Electric Power Company, Inc. 4,336,084 4,372,811
Total All Companies $4,614,614 $4,651,435
(A) Kanawha Valley Power Company (KVPCo) merged with APCo effective 6/30/95 at which time KVPCo stock was canceled.
(B) Owned 50% by Appalachian Power Company and 50% by Ohio Power Company.
(C) Ohio Power Company owns 50% of the stock; the other 50% is owned by a corporation not affiliated with
American Electric Power Company, Inc.
(D) This Company is a wholly-owned subsidiary of Ohio Valley Electric Corporation, 44.2% of whose voting
securities are owned by the American Electric Power System, the balance by unaffiliated companies.
(E) Includes unsecured debt as follows: for AEPSC - $1,100,000, BHCCo - $34,000,000, CdOCo - $155,000,
COCCo - $1,500,000, and WCCo - $225,000.
*Exempt under Section 3(A) pursuant to Rule 2 thereof.
**Inactive.
***Exempt under Securities and Exchange Commission Release No. 35-24295.
</TABLE>
All of the active subsidiaries of AEP are involved in the electric utility
business with the exceptions of AEPENS, AEPINV, AEPRES, AEPRI and ICS.
AEPENS offers consulting services to unaffiliated entities in AEP and its
subsidiaries' areas of expertise. AEPINV and ICS are involved in the
development of demand side management technologies. AEPRES and AEPRI
are pursuing opportunities in non-regulated electric activities.
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ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
None, except as reported in certificates filed pursuant to Rule 24.
<TABLE>
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
<CAPTION>
Name of Issuer and Authorization
Description of Issues Date and Form of Transactions Consideration or Exemption
(1) (2) (3) (4)
(in thousands)
<S> <C> <C> <C>
Appalachian Power Company:
First Mortgage Bonds:
8.00% Series Due 2005 3/15/95 - Public Offering $49,564 Rule 52
8.00% Series Due 2025 5/22/95 - Public Offering 49,490 Rule 52
6.89% Series Due 2005 6/22/95 - Public Offering 29,731 Rule 52
Columbus Southern Power Company:
Junior Subordinated
Deferrable Interest Debentures
8-3/8% Series A Due 2025 9/27/95 - Public Offering 72,526 Rule 52
Kingsport Power Company:
Notes Payable - 6.73% Due 2000 11/1/95 - Private Sale to Bank 5,000 Rule 52
Ohio Power Company:
Junior Subordinated
Deferrable Interest Debentures
8.16% Series A Due 2025 10/19/95 - Public Offering 82,176 Rule 52
Wheeling Power Company:
Notes Payable - 6.73% Due 2000 11/1/95 - Private Sale to Bank 11,000 Rule 52
</TABLE>
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<TABLE>
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES
<CAPTION>
Name of Company Extinguished (EXT)
Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization
Title of Issue Retiring Securities Consideration Further Disposition or Exemption
(1) (2) (3) (4) (5)
(in thousands)
<S> <C> <C> <C> <C>
American Electric Power Service Corp:
Mortgage Notes
9% Series D Due 1999 AEPSC $ 2,500 EXT Rule 42
9.60% Series E Due 2008 AEPSC 2,500 EXT Rule 42
Appalachian Power Company:
Cumulative Preferred Stock,
No Par Value
4.50% Series APCo 150 EXT Rule 42
First Mortgage Bonds
9-1/8% Series Due 2019 APCo 47,000 EXT Rule 42
9-7/8% Series Due 2020 APCo 27,950 EXT Rule 42
Columbus Southern Power Company:
Cumulative Preferred Stock,
$100 Par Value
9.50% Series CSPCo 71,773 EXT Rule 42
First Mortgage Bonds
8.95% Series Due 1995 CSPCo 30,000 EXT Rule 42
Notes Payable
8.79% Due 1995 CSPCo 50,000 EXT Rule 42
Indiana Michigan Power Company:
Notes Payable
9.07% Due 1995 I&M 40,000 EXT Rule 42
</TABLE>
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<TABLE>
ITEM 4. (CONTINUED)
<CAPTION>
Name of Company Extinguished (EXT)
Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization
Title of Issue Retiring Securities Consideration Further Disposition or Exemption
(1) (2) (3) (4) (5)
(in thousands)
<S> <C> <C> <C> <C>
Kingsport Power Company:
Notes Payable
9.72% Due 1995 KGPCo $ 2,000 EXT Rule 42
Ohio Power Company:
Cumulative Preferred Stock,
$100 Par Value
7.60% Series OPCo 35,791 EXT Rule 42
7-6/10% Series OPCo 35,739 EXT Rule 42
8.04% Series OPCo 15,387 EXT Rule 42
First Mortgage Bonds
9-7/8% Series Due 2020 OPCo 43,618 EXT Rule 42
Wheeling Power Company:
Notes Payable
9.72% Due 1995 WPCo 11,000 EXT Rule 42
</TABLE>
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<TABLE>
ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES AS OF DECEMBER 31, 1995.
<CAPTION>
1. Aggregate amount of investments in persons operating in the retail service area and not exceeding $100,000 in
each person:
Aggregate Amount of Investments Number of
Name of in Persons (Entities), Operating in Persons Description of
Company Retail Service Area of Owner (Entities) Persons (Entities)
(1) (2) (3) (4)
(in thousands)
<S> <C> <C> <C>
APCo $168 8 Industrial Development Corporations
CSPCo 9 1 Retail Company
I&M 9 2 Industrial Companies
OPCo 2 7 Industrial Companies
WPCo 13 1 Industrial Development Corporation
<CAPTION>
2. Securities owned not included in 1 above.
Name of Nature of Description Number Percent of Owner's
Company Name of Issuer Issuer's Business of Securities of Shares Voting Power Book Value
(1) (2) (3) (4) (5) (6) (7)
(in thousands)
<S> <S> <C> <C> <C> <C> <C>
AEPINV Intersource Research &
Technologies, Inc. Technology Development Common Stock 800,000 9.9 $11,500
Preferred Stock 95,000
AEPINV EnviroTech Investment Research &
Fund I Technology Development Limited Partner * 9.9 314
AEPINV PHPK Technologies, Research &
Incorporated Technology Development Common Stock 341 4.9 601
APCo VEDCORP, L.C. Economic Development Limited Partner * 4.1 510
I&M CID Partnership, L.P. Economic Development Limited Partner * 2.8 188
I&M Mescalero Fuel
Storage L.L.C. Nuclear Waste Membership Interest ** 9.1 380
Storage & Disposal
OPCo Simetco, Inc. Primary Metals Common Stock 101,525 3.0 457
* Limited Partnership Interests
** Membership Interest
</TABLE>
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ITEM 6. OFFICERS AND DIRECTORS OF AMERICAN ELECTRIC POWER SYSTEM
Part I. (1&2) As of December 31, 1995:
Officers and directors of American Electric Power Company,
Inc. are listed on page 8. Officers and directors of Ohio
Valley Electric Corporation and Indiana-Kentucky Electric
Corporation are listed on page 15. The officers and
directors of all other AEP System companies are located
in the table on pages 9 through 14.
LEGEND OF ABBREVIATIONS
CB Chairman of the Board
VCB Vice Chairman of the Board
D Director
CEO Chief Executive Officer
P President
COO Chief Operating Officer
EVP Executive Vice President
SVP Senior Vice President
VP Vice President
C Controller
S Secretary
T Treasurer
Address Codes :
(a) 1 Riverside Plaza, Columbus, OH
(b) 40 Franklin Road, Roanoke, VA
(c) 215 N. Front Street, Columbus, OH
(d) One Summit Square, Fort Wayne, IN
(e) 1701 Central Avenue, Ashland, KY
(f) 301 Cleveland Avenue, S.W., Canton, OH
(g) One Memorial Drive, Lancaster, OH
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AMERICAN ELECTRIC POWER COMPANY, INC.
Name Address Position
Peter J. DeMaria (a) D,C
E. Linn Draper, Jr. (a) D,CB,P,CEO
Robert M. Duncan 2640 Floribunda Drive, Columbus, OH D
Robert W. Fri 1616 P Street, Washington, DC D
Dr. Arthur G. Hansen 815 Sugarbush Ridge, Zionsville, IN D
Lester A. Hudson, Jr. P.O. Box 8583, Greenville, SC D
G.P. Maloney (a) D,VP,S
Armando A. Pena (a) T
Angus E. Peyton P.O. Box 226, Charleston, WV D
Toy F. Reid 2141 Heatherly Road, Kingsport, TN D
Donald G. Smith P.O. Box 13948, Roanoke, VA D
Linda Gillespie Stuntz 1201 Pennsylvania Avenue, NW, Washington, DC D
Dr. Morris Tanenbaum 74 Falmouth Street, Short Hills, NJ D
Ann Haymond Zwinger 1825 Culebra Place, Colorado Springs, CO D
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<TABLE>
<CAPTION>
| AEPSC | APCo | CSPCo | I&M | KEPCo | KGPCo | OPCo | WPCo | AEPENS| AEGCo | AEPINV|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 Anthony J. Ahern | | | | | | | | | | | |
6677 Busch Blvd. | | | | | | | | | | | |
Columbus, OH | | | | | | | | | | | |
2 L.V. Assante (a) |C | | | | | | | | | | |
3 Mark A. Bailey (d) |D | | |D,VP | | | | | | | |
4 Bruce M. Barber (a) |D,VP | | | | | | | | | | |
5 Bruce A. Beam | | | | | | | | | | | |
801 Pennsylvania Ave. NW |D,VP | | | | | | | | | | |
Washington, D.C. | | | | | | | | | | | |
6 Bruce H. Bennett (a) |VP | | | | | | | | | | |
7 A.A. Blind | | | |VP | | | | | | | |
One Cook Place | | | | | | | | | | | |
Bridgman, MI | | | | | | | | | | | |
8 Timothy P. Bowman (f) |D | | | | | | | | | | |
9 C.R. Boyle, III (e) |D | | | |D,P,COO | | | | | | |
10 Richard K. Byrne | | | | | | | | | | | |
6677 Busch Blvd. | | | | | | | | | | | |
Columbus, OH | | | | | | | | | | | |
11 R.D. Carson, Jr. (b) | |VP | | | | | | | | | |
12 G.A. Clark (d) | | | |D | | | | | | | |
13 Donald M. Clements, Jr.(a) |D,SVP | | | | | | | |D,P | |D,P |
14 D.H. Crabtree (a) |D,VP | | | | | | | | | | |
15 Peter J. DeMaria (a) |D,EVP |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |
16 John F. DiLorenzo, Jr. (a) |D,VP,S |S |S |S |S |S |S |S |S |S |S |
17 W.N. D'Onofrio (d) |D | | |D,VP | | | | | | | |
18 Dr. E. Linn Draper, Jr. (a)|D,CB,P, |D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB, |D,CB, |D,P, |D,CB, |
|CEO | | | | | | |CEO |CEO |CEO |CEO |
19 Charles A. Ebetino, Jr. (g)|D,SVP | | | | | | | | | | |
20 Dr. Carl A. Erikson (c) |D | |D,P,COO | | | |D,P,COO | | | | |
21 Dr. Charles A. Falcone (a) |D,SVP | | | | | | | | | | |
22 Henry W. Fayne (a) |D,SVP |D |D | | |D |D | |D |D | |
23 Luke M. Feck (a) |D,SVP |D | | | | | | | | | |
24 Eugene E. Fitzpatrick (a) |D,SVP | | |VP | | | | | | | |
25 Allen R. Glassburn | | | | | | | | | | | |
422 Broad Street |D | | | | |D,P,COO | | | | | |
Kingsport, TN | | | | | | | | | | | |
26 Joel E. Harrison |D | | | | | | | | | | |
P.O. Box 157, Rt 82 | | | | | | | | | | | |
Cleveland, VA | | | | | | | | | | | |
27 D.E. Heydlauff (a) |D,VP | | | | | | | | | | |
28 Lawrence R. Hoover (f) |D | |VP | | | |VP | | | | |
29 John R. Jones (a) |D,SVP | | | | | | | |D |D | |
30 M.O. Julien (a) |D,VP | | | | | | | | | | |
</TABLE>
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<TABLE>
<CAPTION>
| AEPRES | AEPRI | BHCCo | CdOCo | CeCCo | CACCo | CCCo | COCCo | COpCo | COLM | CCPC |
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 Anthony J. Ahern | | | |D | | | | | | | |
6677 Busch Blvd. | | | | | | | | | | | |
Columbus, OH | | | | | | | | | | | |
2 L.V. Assante (a) | | | | | | | | | | | |
3 Mark A. Bailey (d) | | | | | | | | | | | |
4 Bruce M. Barber (a) | | | | | | | | | | | |
5 Bruce H. Beam | | | | | | | | | | | |
801 Pennsylvania Ave, NW | | | | | | | | | | | |
Washington, D.C. | | | | | | | | | | | |
6 Bruce H. Bennett (a) | | | | | | | | | | | |
7 A.A. Blind | | | | | | | | | | | |
One Cook Place | | | | | | | | | | | |
Bridgman, MI | | | | | | | | | | | |
8 Timothy P. Bowman (f) | | | | | | | | | | | |
9 C.R. Boyle, III (e) | | | | | | | | | | | |
10 Richard K. Byrne | | | | | | | | | | | |
6677 Busch Blvd. | | | |D,VP | | | | | | | |
Columbus, OH | | | | | | | | | | | |
11 R.D. Carson, Jr. (b) | | | | | | | | | | | |
12 G.A. Clark (d) | | | | | | | | | | | |
13 Donald M. Clements, Jr. (a)|D,P |D,P | | | | | | | | | |
14 D.H. Crabtree (a) | | | | | | | | | | | |
15 Peter J. DeMaria (a) |D,VP,C |D,VP,C |D,VP,C |T |D,VP,C |D,VP,C |D,VP,C |D,VP,C |VP,C |D,VP,C |D,VP,C |
16 John F. DiLorenzo, Jr. (a) |S |S |S |S |S |S |S |S |S |S |S |
17 W.N. D'Onofrio (d) | | | | | | | | | | | |
18 Dr. E. Linn Draper, Jr. (a)|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,P |D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,P,CEO |D,P,CEO |D,CB,CEO|
19 Charles A. Ebetino, Jr. (g)| | |D,P,COO | |D,P,COO |D,P,COO |D,P,COO |D,P,COO | | |D,P,COO |
20 Dr. Carl A. Erikson (c) | | | |D,VP | | |D,VP |D,VP |D,VP |D,VP |D,VP |
21 Dr. Charles A. Falcone (a) | | | | | | | | | | | |
22 Henry W. Fayne (a) |D |D | | | | | | | | | |
23 Luke M. Feck (a) | | | | | | | |D | | | |
24 Eugene E. Fitzpatrick (a) | | | | | | | | | | | |
25 Allen R. Glassburn | | | | | | | | | | | |
422 Broad Street | | | | | | | | | | | |
Kingsport, TN | | | | | | | | | | | |
26 Joel E. Harrison | | | | | | | | | | | |
P. O. Box 157, Rt 82 | | | | | | | | | | | |
Cleveland, VA | | | | | | | | | | | |
27 D.E. Heydlauff (a) | | | | | | | | | | | |
28 Lawrence R. Hoover (f) | | | | | | | | | | | |
29 John R. Jones (a) |D |D,VP | | | | | | | | | |
30 M.O. Julien (a) | | | | | | | | | | | |
</TABLE>
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<TABLE>
<CAPTION>
| FRECo | IFRI | PRCCo | SIMCo | SACCo | SOCCo | WVPCo | WCCo |
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1 Anthony J. Ahern | | | | | | | | |
6677 Busch Blvd. | | | | | | | | |
Columbus, OH | | | | | | | | |
2 L.V. Assante (a) | | | | | | | | |
3 Mark A. Bailey (d) |VP |VP | | | | | | |
4 Bruce M. Barber (a) | | | | | | | | |
5 Bruce A. Beam | | | | | | | | |
801 Pennsylvania Ave, NW | | | | | | | | |
Washington, D.C. | | | | | | | | |
6 Bruce H. Bennett (a) | | | | | | | | |
7 A.A. Blind | | | | | | | | |
One Cook Place | | | | | | | | |
Bridgman, MI | | | | | | | | |
8 Timothy P. Bowman (f) | | | | | | | | |
9 C.R. Boyle, III (e) |VP | | | | | | | |
10 Richard K. Byrne | | | | | | | | |
6677 Busch Blvd. | | | | | | | | |
Columbus, OH | | | | | | | | |
11 R.D. Carson, Jr. (b) | | | | | | | | |
12 G.A. Clark (d) | | | | | | | | |
13 Donald M. Clements, Jr. (a)| | | | | | | | |
14 D.H. Crabtree (a) | | | | | | | | |
15 Peter J. DeMaria (a) |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |
16 John F. DiLorenzo, Jr. (a) |S |S |S |S |S |S |S |S |
17 W.N. D'Onofrio (d) |VP |VP | | | | | | |
18 Dr. E. Linn Draper, Jr. (a)|D,P,CEO |D,P,CEO |D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,P,CEO |D,CB,CEO|
19 Charles A. Ebetino, Jr. (g)| | |D,P,COO |D,P,COO |D,P,COO |D,P,COO | |D,P,COO |
20 Dr. Carl A. Erikson (c) |VP | | |D,VP | |D,VP | |D,VP |
21 Dr. Charles A. Falcone (a) | | | | | | | | |
22 Henry W. Fayne (a) | | | | | | | |D |
23 Luke M. Feck (a) | | | | | | | | |
24 Eugene E. Fitzpatrick (a) | | | | | | | | |
25 Allen R. Glassburn | | | | | | | | |
422 Broad Street |VP | | | | | | | |
Kingsport, TN | | | | | | | | |
26 Joel E. Harrison | | | | | | | | |
P. O. Box 157, Rt 82 | | | | | | | | |
Cleveland, VA | | | | | | | | |
27 D.E. Heydlauff (a) | | | | | | | | |
28 Lawrence R. Hoover (f) |VP | | | | | | | |
29 John R. Jones (a) | | | | | | | | |
30 M.O. Julien (a) | | | | | | | | |
</TABLE>
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<TABLE>
<CAPTION>
| AEPSC | APCo | CSPCo | I&M | KEPCo | KGPCo | OPCo | WPCo | AEPENS | AEGCo |AEPINV|
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
31 W. Robert Kelley (a) |VP | | | | | | | | | | |
32 David A. Lang (e) |D | | | | | | | | | | |
33 Dennis A. Lantzy (a) | | | | | | | | |VP | |VP |
34 V.A. Lepore (a) |VP | | | | | | | | | | |
35 William J. Lhota (a) |D,EVP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |D,P,COO |D |D |D,VP |
36 Hugh H. Lucas (g) |D,VP | | | | | | | | | | |
37 R.M. Maliszewski (a) |D,SVP | | | | |D | | | | | |
38 G.P. Maloney (a) |D,EVP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VCB |D,VP |D,VCB |
39 Dr. James J. Markowsky (a) |D,EVP |D,VP |D,VP |D,VP |D,VP |D |D,VP |D |D |D,VP |D |
40 Thomas R. McCaffrey (a) |VP | | | | | | | | | | |
41 J.K. McWilliams (g) |VP | | | | | | | | | | |
42 Richard C. Menge (d) |D | | |D,P,COO | | | | | | | |
43 T.C. Mosher |D | | | | | | | | | | |
113 N. Fifth Street | | | | | | | | | | | |
Zanesville, OH | | | | | | | | | | | |
44 David Mustine (a) | | | | | | | | |VP | |VP |
45 P.M. O'Brien (g) |VP | | | | | | | | | | |
46 Armando A. Pena (a) |VP,T |T |T |T |T |T |T |T |T |T |T |
47 Ronald A. Petti (a) |D,SVP | | | |D | | | | | | |
48 A.H. Potter (d) | | | |D | | | | | | | |
49 R.E. Prater (a) |VP | | | | | | | | | | |
50 Bruce A. Renz (a) |D,VP | | | | | | | | | | |
51 H.E. Rhodes, Jr. (b) | |VP | | | | | | | | | |
52 Samuel P. Riggle, Jr. | | | | | | | | | | | |
P.O. Box 112 | | | | | | | | | | | |
Millersburg, OH | | | | | | | | | | | |
53 Robert L. Roberts | | | | | | | | | | | |
P.O. Box 604 | | | | | | | | | | | |
Piqua, OH | | | | | | | | | | | |
54 William L. Scott (a) |VP | | | | | | | | | | |
55 Charles A. Simmons (b) | |VP | | | | | | | | | |
56 B.L. Snodgrass |D | | | | | | | | | | |
800 Main Street | | | | | | | | | | | |
Lynchburg, VA | | | | | | | | | | | |
57 Lance G. Sogan (g) |D,VP | | | | | | | | | | |
58 Peter Splawnyk (c) |D | |VP | | | |VP | | | | |
59 R. Dane Swinehart | | | | | | | | | | | |
P.O. Box 250 | | | | | | | | | | | |
Lancaster, OH | | | | | | | | | | | |
60 D.B. Synowiec |D | | |D | | | | | | | |
R. R. Number 2, Box 24A | | | | | | | | | | | |
Rockport, IN | | | | | | | | | | | |
61 M.H. Thomas |D | | | | | | | | | | |
P.O. Box 400 | | | | | | | | | | | |
Louisa, KY | | | | | | | | | | | |
62 James F. Tompkins | | | | | | | | | | | |
P.O. Box 490 | | | | | | | | | | | |
Athens, OH | | | | | | | | | | | |
63 Joseph A. Valentine (a) |D,VP | | | | | | | | | | |
64 Andrew P. Varley (a) |VP | | | | | | | | | | |
65 Joseph H. Vipperman (b) |D |D,P,COO | | | | | | | | | |
66 Dana E. Waldo (b) |D |VP | | | | | | | | | |
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
| AEPRES | AEPRI | BHCCo | CdOCo | CeCCo | CACCo | CCCo | COCCo | COpCo | COLM | CCPC |
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
31 W. Robert Kelley (a) | | | | | | | | | | | |
32 David A. Lang (e) | | | | | | | | | | | |
33 Dennis A. Lantzy (a) |VP |VP | | | | | | | | | |
34 V.A. Lepore (a) | | | | | | | | | | | |
35 William J. Lhota (a) |D |D |D |D,VP |D |D |D |D |D |D,VP |D |
36 Hugh H. Lucas (g) | | | | | | | | | | | |
37 R.M. Maliszewski (a) | | | |D | | | | | | | |
38 G.P. Maloney (a) |D,VCB |D,VCB |D,VP | |D,VP |D,VP |D,VP |D,VP |VP |D,VP |D,VP |
39 Dr. James J. Markowsky (a) |D |D |D |D,VP |D |D |D |D |D |D,VP |D |
40 Thomas R. McCaffrey (a) | | | | | | | | | | | |
41 J.K. McWilliams (g) | | | | | | | | | | | |
42 Richard C. Menge (d) | | |D,VP | | | | | | | | |
43 T.C. Mosher | | | | | | | | | | | |
113 N. Fifth Street | | | | | | | | | | | |
Zanesville, OH | | | | | | | | | | | |
44 David Mustine (a) |VP |VP | | | | | | | | | |
45 P.M. O'Brien (g) | | | | | | | | | | | |
46 Armando A. Pena (a) |T |VP,T |T | |T |T |T |T |T |T |T |
47 Ronald A. Petti (a) | | | | | | | | | | | |
48 A.H. Potter (d) | | | | | | | | | | | |
49 R.E. Prater (a) | | | | | | | | | | | |
50 Bruce A. Renz (a) | | | | | | | | | | | |
51 H.E. Rhodes, Jr. (b) | | | | | | | | | | | |
52 Samuel P. Riggle, Jr. | | | | | | | | | | | |
P.O. Box 112 | | | |D,VP | | | | | | | |
Millersburg, OH | | | | | | | | | | | |
53 Robert L. Roberts | | | | | | | | | | | |
P.O. Box 604 | | | |D | | | | | | | |
Piqua, OH | | | | | | | | | | | |
54 William L. Scott (a) | | | | | | | | | | | |
55 Charles A. Simmons (b) | | | | | | | | | | | |
56 B.L. Snodgrass | | | | | | | | | | | |
800 Main Street | | | | | | | | | | | |
Lynchburg, VA | | | | | | | | | | | |
57 Lance G. Sogan (g) | | | | | | | | | | | |
58 Peter Splawnyk (c) | | | | | | | | | | | |
59 R. Dane Swinehart | | | | | | | | | | | |
P.O. Box 250 | | | |D,VP | | | | | | | |
Lancaster, OH | | | | | | | | | | | |
60 D.B. Synowiec | | | | | | | | | | | |
R. R. Number 2, Box 24A | | | | | | | | | | | |
Rockport, IN | | | | | | | | | | | |
61 M.H. Thomas | | | | | | | | | | | |
P.O. Box 400 | | | | | | | | | | | |
Louisa, KY | | | | | | | | | | | |
62 James F. Tompkins | | | | | | | | | | | |
P.O. Box 490 | | | | | | | | | | | |
Athens, OH | | | | | | | | | | | |
63 Joseph A. Valentine (a) | | | | | | | | | | | |
64 Andrew P. Varley (a) | | | | | | | | | | | |
65 Joseph H. Vipperman (b) | | | | |D,VP |D,VP |D,VP | |D,VP | | |
66 Dana E. Waldo (b) | | | | | | | | | | | |
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
| FRECo | IFRI | PRCCo | SIMCo | SACCo | SOCCo | WVPCo | WCCo |
<S> <C> <C> <C> <C> <C> <C> <C> <C>
31 W. Robert Kelley (a) | | | | | | | | |
32 David A. Lang (e) | | | | | | | | |
33 Dennis A. Lantzy (a) | | | | | | | | |
34 V.A. Lepore (a) | | | | | | | | |
35 William J. Lhota (a) |D,VP |D,VP |D |D |D |D |D |D |
36 Hugh H. Lucas (g) | | | | | | | | |
37 R.M. Maliszewski (a) | | | | | | | | |
38 G.P. Maloney (a) |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |VP |D,VP |
39 Dr. James J. Markowsky (a) |D,VP |VP |D |D |D |D | |D |
40 Thomas R. McCaffrey (a) | | | | | | | | |
41 J.K. McWilliams (g) | | | | | | | | |
42 Richard C. Menge (d) |VP |D,VP |D,VP | | | | | |
43 T.C. Mosher | | | | | | | | |
113 N. Fifth Street | | | | | | | | |
Zanesville, OH | | | | | | | | |
44 David Mustine (a) | | | | | | | | |
45 P.M. O'Brien (g) | | | | | | | | |
46 Armando A. Pena (a) |T |T |T |T |T |T |T |T |
47 Ronald A. Petti (a) | | | | | | | | |
48 A.H. Potter (d) | | | | | | | | |
49 R.E. Prater (a) | | | | | | | | |
50 Bruce A. Renz (a) | | | | | | | | |
51 H.E. Rhodes, Jr. (b) | | | | | | | | |
52 Samuel P. Riggle, Jr. | | | | | | | | |
P.O. Box 112 | | | | | | | | |
Millersburg, OH | | | | | | | | |
53 Robert L. Roberts | | | | | | | | |
P.O. Box 604 | | | | | | | | |
Piqua, OH | | | | | | | | |
54 William L. Scott (a) | | | | | | | | |
55 Charles A. Simmons (b) |VP | | | | | | | |
56 B.L. Snodgrass | | | | | | | | |
800 Main Street | | | | | | | | |
Lynchburg, VA | | | | | | | | |
57 Lance G. Sogan (g) | | | | | | | | |
58 Peter Splawnyk (c) | | | | | | | | |
59 R. Dane Swinehart | | | | | | | | |
P.O. Box 250 | | | | | | | | |
Lancaster, OH | | | | | | | | |
60 D.B. Synowiec | | | | | | | | |
R. R. Number 2, Box 24A | | | | | | | | |
Rockport, IN | | | | | | | | |
61 M.H. Thomas | | | | | | | | |
P.O. Box 400 | | | | | | | | |
Louisa, KY | | | | | | | | |
62 James F. Tompkins | | | | | |VP | | |
P.O. Box 490 | | | | | | | | |
Athens, OH | | | | | | | | |
63 Joseph A. Valentine (a) | | | | | | | | |
64 Andrew P. Varley (a) | | | | | | | | |
65 Joseph H. Vipperman (b) |VP | | | |D,VP | |D,VP | |
66 Dana E. Waldo (b) |VP | | | | | | | |
</TABLE>
<PAGE>
<PAGE>
<TABLE>
OHIO VALLEY ELECTRIC CORPORATION
INDIANA-KENTUCKY ELECTRIC CORPORATION
<CAPTION>
IKEC OVEC
Name Address Position Position
<S> <C> <C> <C>
Klaus Bergman 12 East 49th Street, New York, NY - D
John D. Brodt P.O. Box 468, Piketon, OH S,T S,T
W.N. D'Onofrio (d) D -
E. Linn Draper, Jr. (a) D,P D,P
Murray R. Edelman 6200 Oak Tree Blvd., Independence, OH - D
Carl A. Erikson (c) - D
David L. Hart (a) VP VP
Chris Hermann 220 West Main Street, Louisville, KY - D
Allen M. Hill P.O. Box 1247, Dayton, OH - D
W.R. Holland 76 South Main Street, Akron, OH D D
J. Gordon Hurst One N. Main Street, Evansville, IN D -
David E. Jones P.O. Box 468, Piketon, OH VP VP
G.P. Maloney (a) VP VP
Dr. James J. Markowsky (a) - D
Richard C. Menge (d) D -
J.H. Randolph 139 East Fourth Street, Cincinnati, OH - D
Ronald G. Reherman 20 NW Fourth Street, Evansville, IN D D
Peter J. Skrgic 12 East 49th Street, New York, NY D D
Joseph H. Vipperman (b) - D
Michael R. Whitley 1 Quality Street, Lexington, KY - D
</TABLE>
<PAGE>
<PAGE>
ITEM 6. (CONTINUED)
<TABLE>
Part II. Each officer and director with a financial connection within the
provisions of Section 17(c) of the Act are as follows:
<CAPTION>
Position
Name and Location Held in Applicable
Name of Officer of Financial Financial Exemption
or Director Institution Institution Rule
(1) (2) (3) (4)
<S> <C> <C> <C>
Robert M. Duncan First Federal Savings and
Loan Association
Newark, Ohio Director 70(a)
L.A. Hudson, Jr. American National Bankshares, Inc.
Danville, Virginia Director 70(a)
American National Bank & Trust Co.
Danville, Virginia Director 70(a)
D.A. Lang Classic Bankshares
Ashland, Kentucky Director 70(c)
Ashland Federal Savings Bank
Ashland, Kentucky Director 70(c)
W.J. Lhota Huntington Bancshares, Inc.
Columbus, Ohio Director 70(c),(f)
R.C. Menge Fort Wayne National Bank
Fort Wayne, Indiana Director 70(c),(f)
Fort Wayne National Corporation
Fort Wayne, Indiana Director 70(c),(f)
A.E. Peyton One Valley Bank, N.A.
Charleston, West Virginia Director 70(a)
One Valley Bancorp of
West Virginia, Inc.
Charleston, West Virginia Director 70(a)
Samuel P. CSB Bank Corporation
Riggle, Jr. Millersburg, Ohio Director 70(c),(f)
Commercial & Saving Bank
Millersburg, Ohio Director 70(c),(f)
R.L. Roberts Third Savings and Loan Co.
Piqua, Ohio Director 70(c)
Donald G. Smith First Union National Bank
of Virginia
Roanoke, Virginia Director 70(a)
First Union National Bank
of Washington D.C.
Washington, D.C. Director 70(b)
First Union National Bank
of Maryland
Rockville, Maryland Director 70(b)
R.D. Swinehart Standing Stone National Bank
Lancaster, Ohio Director 70(c),(f)
</TABLE>
<PAGE>
<PAGE>
ITEM 6. (continued)
Part III. The disclosures made in the System companies' most recent proxy
statement and annual report on Form 10-K with respect to items (a)
through (f) follow:
(a) COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS
Executive Compensation
The following table shows for 1995, 1994 and 1993 the compensation earned by
the chief executive officer and the four other most highly compensated
executive officers (as defined by regulations of the Securities and Exchange
Commission) of the AEP System at December 31, 1995.
<TABLE>
<CAPTION>
Summary Compensation Table
Long-Term
Annual Compensation Compensation All Other
Salary Bonus Payouts Compensation
Name Year ($) ($)(1) LTIP Payouts($)(1) ($)(2)
<S> <C> <C> <C> <C> <C>
E. Linn Draper, Jr. 1995 685,000 236,325 334,851 30,790
1994 620,000 209,436 137,362 29,385
1993 538,333 148,742 18,180
Peter J. DeMaria 1995 330,000 113,850 143,829 20,050
1994 305,000 103,029 59,032 18,750
1993 280,000 77,364 17,811
G. P. Maloney 1995 330,000 113,850 141,582 20,060
1994 300,000 101,340 58,094 19,745
1993 269,000 74,325 18,000
William J. Lhota 1995 300,000 103,500 132,592 19,140
1994 280,000 94,584 54,409 19,185
1993 249,000 68,799 17,160
James J. Markowsky 1995 285,000 98,325 126,599 17,515
1994 267,000 90,193 51,930 14,755
1993 247,000 65,259 11,165
</TABLE>
Notes to Summary Compensation Table
(1) Amounts in the "Bonus" column reflect payments under the Management
Incentive Compensation Plan for performance measured for each of the years
ended December 31, 1993, 1994 and 1995. Payments are made in March of the
subsequent year. Amounts for 1995 are estimates but should not change
significantly.
Amounts in the "Long-Term Compensation" column reflect performance
share units earned under the Performance Share Incentive Plan (which became
effective January 1, 1994) for the one-year and two-year transition
performance periods ending December 31, 1994 and 1995, respectively. For
1995, their value was calculated by multiplying the $40.50 closing price of
AEP's Common Stock as reported on the New York Stock Exchange on December
29, 1995, the last trading day of fiscal year 1995, by the number of units
earned.
(2) For 1995, includes (I) employer matching contributions under the AEP
System Employees Savings Plan: $4,500 for each of the named executive
officers; (ii) employer matching contributions under the AEP System
Supplemental Savings Plan (which became effective January 1, 1994), a
non-qualified plan designed to supplement the AEP Savings Plan: Dr. Draper,
$16,050; Mr. DeMaria, $5,400; Mr. Maloney, $5,400; Mr. Lhota, $4,500; and
Dr. Markowsky, $4,050; and (iii) subsidiary companies director fees:
Dr. Draper, $10,240; Mr. DeMaria, $10,150; Mr. Maloney, $10,160; Mr. Lhota,
$10,140; and Dr. Markowsky, $8,965.
Compensation of Directors
Directors who are officers of AEP or employees of any of its subsidiaries
do not receive any compensation, other than their regular salaries and the
accident insurance coverage described below, for attending meetings of the
Board of Directors of the Company. The other members of the Board receive
an annual retainer of $23,000 for their services, an additional annual
retainer of $3,000 for each Committee that they chair, a fee of $1,000 for
each meeting of the Board and of any Committee that they attend (except a
meeting of the Executive Committee held on the same day as a Board
meeting), and a fee of $1,000 per day for any inspection trip or conference
(except a trip or conference on the same day as a Board or Committee
meeting).
AEP maintains a group 24-hour accident insurance policy to provide a
$1,000,000 accidental death benefit for each director (three-year premium
was $16,065). The current policy will expire on September 1, 1997, and the
Company expects to renew the coverage. In addition, the Company pays each
director (excluding officers of the Company or employees of any of its
subsidiaries) an amount to provide for the federal and state income taxes
incurred in connection with the maintenance of this coverage (approximately
$500 annually).
The Board has adopted a policy which permits directors to elect annually to
defer receipt of all or a portion of their retainer and fees to be payable
in a lump sum or monthly installments after they cease to be a director.
The deferred compensation accrues interest compounded quarterly at the
daily prime lending rate in effect from time to time at a specified major
financial institution. This policy is implemented by individual
deferred-compensation agreements which set forth the terms of the deferral.
The Board has adopted a retirement plan for directors (excluding officers
of AEP or employees of any of its subsidiaries) which provides for annual
retirement payments for life to such directors commencing at the later of
the director's retirement or age 72 in an amount equal to the annual Board
retainer at the time of retirement with a 20% reduction for each year that
service as a director is less than five.
Directors of APCo, I&M and OPCo receive a fee of $100 for each meeting of
the Board of Directors attended in addition to their salaries.
<PAGE>
<PAGE>
(b) OWNERSHIP OF SECURITIES
The following table sets forth the beneficial ownership of AEP Common Stock
and stock-based units as of January 1, 1996 for all directors as of the
date of this proxy statement (except for Mr. Fri and Ms. Stuntz whose share
ownership is as of February 13, 1996 and February 27, 1996, respectively),
all nominees to the Board of Directors, each of the persons named in the
Summary Compensation Table and all directors and executive officers as a
group. Unless otherwise noted, each person had sole voting and investment
power over the number of shares of Common Stock and stock-based units of
AEP set forth across from his or her name. Fractions of shares and units
have been rounded to the nearest whole number.
<TABLE>
<CAPTION>
SHARES OF AEP
COMMON STOCK
BENEFICIALLY STOCK
NAME DIRECTOR OF OWNED (a) UNITS(a) TOTAL
<S> <C> <C> <C> <C>
C. R. Boyle, III I&M 3,470 629 4,099
G. A. Clark I&M 833 327 1,160
P. J. DeMaria AEP, APCo, I&M, OPCo 7,356 (b)(c)(d)(e)(f) 5,391 12,747
W. N. D'Onofrio I&M 4,154 (c)(e) 492 4,646
E. L. Draper, Jr. AEP, APCo, I&M, OPCo 6,119 (c)(e) 11,984 18,103
R. M. Duncan AEP 1,713 - 1,713
H. W. Fayne APCo, OPCo 3,653 (c)(e) 2,405 6,058
R. W. Fri AEP 500 - 500
A. G. Hansen AEP 1,116 - 1,116
L. A. Hudson, Jr. AEP 1,853 (f) - 1,853
W. J. Lhota APCo, I&M, OPCo 13,064 (c)(d)(e) 4,944 18,008
G. P. Maloney AEP, APCo, I&M, OPCo 5,227 (c)(d)(e) 5,306 10,533
J. J. Markowsky APCo, I&M, OPCo 6,631 (c)(f) 4,714 11,345
A. E. Peyton AEP 3,348 (g) - 3,348
A. H. Potter I&M 3,084 (c)(e) - 3,084
T. F. Reid AEP 1,500 (e) - 1,500
D. G. Smith AEP 1,200 - 1,200
L. G. Stuntz AEP 1,000 (e) - 1,000
M. Tanenbaum AEP 1,160 - 1,160
D. B. Synowiec I&M 2,214 398 2,612
D. M. Trenary I&M 64 412 476
J. H. Vipperman APCo, I&M, OPCo 5,092 (c)(e) 3,365 8,457
W. E. Walters I&M 4,738 278 5,016
A. H. Zwinger AEP 12,300 (e)(f) - 12,300
All directors & executive officers of AEP
as a group (15 persons) 149,318 (d)(h) 32,339 181,657
All directors & executive officers of APCo
as a group (7 persons) 132,373 (d)(h) 38,109 170,482
All directors & executive officers of I&M
as a group (13 persons) 147,277 (d)(h) 38,240 185,517
All directors & executive officers of OPCo
as a group (7 persons) 132,373 (d)(h) 38,109 170,482
<PAGE>
Notes on Stock Ownership
(a) This column includes amounts deferred in stock units and held under
the Management Incentive Compensation Plan and Performance Share Incentive
Plan.
(b) Mr. DeMaria owns 100 shares of Cumulative Preferred Shares 9.50%
Series, $100 par value, of Columbus Southern Power Company.
Includes shares and share equivalents held in the following plans in the
amounts listed below:
AEP EMPLOYEE AEP PERFORMANCE AEP EMPLOYEES
STOCK OWNERSHIP SHARE INCENTIVE SAVINGS PLAN
NAME PLAN (Shares) PLAN (Shares) (Share Equivalents)
Mr. Boyle 47 316 3,107
Mr. Clark 8 - 825
Mr. DeMaria 83 944 2,705
Mr. D'Onofrio 59 - 3,595
Dr. Draper - 2,196 1,958
Mr. Fayne 63 398 3,162
Mr. Lhota 60 812 10,824
Mr. Maloney 85 867 2,775
Dr. Markowsky 66 830 5,718
Mr. Potter 41 - 3,029
Mr. Trenary 41 - 23
Mr. Vipperman 80 564 4,391
Mr. Walters 45 - 4,693
All directors and executive
officers of AEP as a group 294 5,649 23,980
All directors and executive
officers of APCo as a group 437 6,611 31,533
All directors and executive
officers of I&M as a group 668 6,529 45,804
All directors and executive
officers of OPCo as a group 437 6,611 31,533
With respect to the shares and share equivalents held in these plans,
such persons have sole voting power, but the investment/disposition power is
subject to the terms of such plans.
(d) Does not include, for Messrs. DeMaria, Lhota and Maloney, 85,231 shares
in the American Electric Power System Educational Trust Fund over which
Messrs. DeMaria, Lhota and Maloney share voting and investment power as
trustees (they disclaim beneficial ownership). The amount of shares shown
for all directors and executive officers as a group includes these shares.
(e) Includes the following numbers of shares held in joint tenancy with a
family member: Mr. DeMaria, 1,232; Mr. D'Onofrio, 500 shares; Dr. Draper,
1,965; Mr. Fayne, 30; Mr. Lhota, 1,368; Mr. Maloney, 1,500; Mr. Potter, 14
shares; Mr. Reid, 1,500; Ms. Stuntz, 300; Mr. Vipperman, 57 shares; and
Ms. Zwinger, 3,100.
(f) Includes the following numbers of shares held by family members over
which beneficial ownership is disclaimed: Mr. DeMaria, 2,392; Mr. Hudson,
750; Dr. Markowsky, 17; and Ms. Zwinger, 3,000.
(g) Includes 315 shares over which Mr. Peyton shares voting and investment
power which are held by trusts of which he is a trustee, but he disclaims
beneficial ownership of 169 of such shares.
(h) Represents less than 1% of the total number of shares outstanding.
___________
Section 16(a) of the Securities Exchange Act of 1934 requires the Company's
executive officers and directors to file initial reports of ownership and
reports of changes in ownership of Common Stock of the Company with the
Securities and Exchange Commission. Executive officers and directors are
required by SEC regulations to furnish the Company with copies of all
reports they file. Based solely on a review of the copies of such reports
furnished to the Company and written representations from the Company's
executive officers and directors during the fiscal year ended December 31,
1995, the Company notes that Robert M. Duncan, a director, did not timely
report the acquisition of 283 shares of Common Stock that occurred in
April 1995, although he reported it shortly thereafter.
(c) CONTRACTS AND TRANSACTIONS WITH SYSTEM COMPANIES
Employment Agreement
Dr. Draper has a contract with AEP and AEP Service Corporation which
provides for his employment for an initial term from no later than March 15,
1992 until March 15, 1997. Dr. Draper commenced his employment with AEP and
AEP Service Corporation on March 1, 1992. AEP or AEP Service Corporation may
terminate the contract at any time and, if this is done for reasons other
than cause and other than as a result of Dr. Draper's death or permanent
disability, AEP Service Corporation must pay Dr. Draper's then base salary
through March 15, 1997, less any amounts received by Dr. Draper from other
employment.
Ms. Stuntz, a director of AEP, was a partner in the Washington, D.C. law
firm of Van Ness Feldman, P.C. during part of 1995. Several organizations of
which certain AEP System companies have been members and to which they have
provided financial support, were clients of Van Ness Feldman, P.C. in 1995.
No such relationships exist between AEP System companies and the current
firm of Ms. Stuntz, Stuntz & Davis, P.C.
(d) INDEBTEDNESS TO SYSTEM COMPANIES
None
(e) PARTICIPATION IN BONUS AND PROFIT SHARING ARRANGEMENTS AND OTHER
BENEFITS
Long-Term Incentive Plans - Awards In 1995
Each of the awards set forth below constitutes a grant of performance share
units, which represent units equivalent to shares of Common Stock, pursuant
to the Company's Performance Share Incentive Plan. Since it is not possible
to predict future dividends and the price of AEP Common Stock, credits of
performance share units in amounts equal to the dividends that would have
been paid if the performance share units were granted in the form of shares
of Common Stock are not included in the table.
The ability to earn performance share units is tied to achieving specified
levels of total shareholder return ("TSR") relative to the S&P Electric
Utility Index. Notwithstanding AEP's TSR ranking, no performance share units
are earned unless AEP shareholders realize a positive TSR over the relevant
three-year performance period. The Human Resources Committee may, at its
discretion, reduce the number of performance share units otherwise earned.
In accordance with the performance goals established for the periods set
forth below, the threshold, target and maximum awards are equal to 25%, 100%
and 200%, respectively, of the performance share units held. No payment will
be made for performance below the threshold.
Payments of earned awards are deferred in the form of restricted stock units
(equivalent to shares of AEP Common Stock) until the officer has met the
equivalent stock ownership target. Once officers meet and maintain their
respective targets, they may elect either to continue to defer or to receive
further earned awards in cash and/or AEP Common Stock.
</TABLE>
<TABLE>
<CAPTION>
Estimated Future Payouts of
Performance Performance Share Units Under
Number of Period Until Non-Stock Price-Based Plan
Performance Maturation Threshold Target Maximum
Name Share Units or Payout (#) (#) (#)
<S> <C> <C> <C> <C> <C>
E. L. Draper, Jr. 8,302 1995-1997 2,075 8,302 16,604
P. J. DeMaria 3,499 1995-1997 875 3,499 6,998
G. P. Maloney 3,499 1995-1997 875 3,499 6,998
W. J. Lhota 3,181 1995-1997 795 3,181 6,362
J. J. Markowsky 3,022 1995-1997 755 3,022 6,044
</TABLE>
<PAGE>
Retirement Benefits
The American Electric Power System Retirement Plan provides pensions for all
employees of AEP System companies (except for employees covered by certain
collective bargaining agreements), including the executive officers of the
Company. The Retirement Plan is a noncontributory defined benefit plan.
The following table shows the approximate annual annuities under the
Retirement Plan that would be payable to employees in certain higher salary
classifications, assuming retirement at age 65 after various periods of
service.
<TABLE>
Pension Plan Table
<CAPTION>
Highest Average Years of Accredited Service
Annual Earnings 15 20 25 30 35 40 45
<S> <C> <C> <C> <C> <C> <C> <C>
$ 300,000 $ 69,930 $ 93,240 $116,550 $139,860 $163,170 $183,120 $203,070
400,000 93,930 125,420 156,550 187,860 219,170 245,770 272,370
500,000 117,930 157,240 196,550 235,860 275,170 308,420 341,670
700,000 165,930 221,240 276,550 331,860 387,170 433,720 480,270
900,000 213,930 285,240 356,550 427,860 499,170 559,020 618,870
1,100,000 261,930 349,240 436,550 523,860 611,170 684,320 757,470
</TABLE>
The amounts shown in the table are the straight life annuities payable under
the Retirement Plan without reduction for the joint and survivor annuity.
Retirement benefits listed in the table are not subject to any deduction for
Social Security or other offset amounts. The retirement annuity is reduced
3% per year in the case of retirement between ages 60 and 62 and further
reduced 6% per year in the case of retirement between ages 55 and 60. If an
employee retires after age 62, there is no reduction in the retirement
annuity.
AEP maintains a supplemental retirement plan which provides for the payment
of benefits that are not payable under the Retirement Plan due primarily to
limitations imposed by Federal tax law on benefits paid by qualified plans.
The table includes supplemental retirement benefits.
Compensation upon which retirement benefits are based, for the executive
officers named in the Summary Compensation Table above, consists of the
average of the 36 consecutive months of the officer's highest aggregate
salary and Management Incentive Compensation Plan awards, shown in the
"Salary" and "Bonus" columns, respectively, of the Summary Compensation
Table, out of the officer's most recent 10 years of service. As of
December 31, 1995, the number of full years of service applicable for
retirement benefit calculation purposes for such officers were as follows:
Dr. Draper, three years; Mr. DeMaria, 36 years; Mr. Maloney, 40 years;
Mr. Lhota, 31 years; and Dr. Markowsky, 24 years.
Dr. Draper's employment agreement described above provides him with a
supplemental retirement annuity that credits him with 24 years of service in
addition to his years of service credited under the Retirement Plan less his
actual pension entitlement under the Retirement Plan and any pension
entitlement from the Gulf States Utilities Company Trusteed Retirement Plan,
a plan sponsored by his prior employer.
AEP will pay supplemental retirement benefits to 19 AEP System employees
(including Messrs. DeMaria, Maloney and Lhota and Dr. Markowsky) whose
pensions may be adversely affected by amendments to the Retirement Plan made
as a result of the Tax Reform Act of 1986. Such payments, if any, will be
equal to any reduction occurring because of such amendments. Assuming
retirement in 1996 of the executive officers named in the Summary
Compensation Table, only Mr. Maloney would be affected and his annual
supplemental benefit would be $972.
AEP made available a voluntary deferred-compensation program in 1982 and
1986, which permitted certain members of AEP System management to defer
receipt of a portion of their salaries. Under this program, a participant
was able to defer up to 10% or 15% annually (depending on the terms of the
program offered), over a four-year period, of his or her salary, and receive
supplemental retirement or survivor benefit payments over a 15-year period.
The amount of supplemental retirement payments received is dependent upon
the amount deferred, age at the time the deferral election was made, and
number of years until the participant retires. The following table sets
forth, for the executive officers named in the Summary Compensation Table,
the amounts of annual deferrals and, assuming retirement at age 65, annual
supplemental retirement payments under the 1982 and 1986 programs.
<PAGE>
<PAGE>
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS
Expenditures, disbursements or payments during the year, in money, goods
or services directly or indirectly to or for the account of:
(1) Any political party, candidate for public office or
holder of such office, or any committee or agent
thereof.
- NONE
(2) Any citizens group or public relations counsel.
Calendar Year 1995
Accounts Charged,
Name of Company and Name if any,
or Number of Recipients Per Books of
or Beneficiaries Purpose Disbursing Company Amounts
(in thousands)
AEGCo
Climate Council A 426 Other Income
Deductions $20
APCo
Coalition for Energy
and Economic Revitalization A " " " 52
I&M
Climate Council A " " " 50
Indiana Electric Association A " " " 33
3 Beneficiaries A " " " 1
A = Defray Expenses
<PAGE>
<PAGE>
<TABLE>
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
<CAPTION>
Part I. Contracts for services, including engineering or construction services, or goods supplied or sold
between System companies are as follows:
Calendar Year 1995
Company Company In Effect
Nature of Performing Receiving Date of On Dec. 31st
Transactions Service Service Compensation Contract (Yes or No)
(1) (2) (3) (4) (5) (6)
(in thousands)
<S> <C> <C> <C> <C> <C>
Machine Shop Services APCo System Operating Companies $ 8,667 12/08/78 Yes
Plant Maintenance APCo System Operating Companies 4,244 1/01/76 Yes
Racine Hydro Service APCo OPCo 298 12/08/78 Yes
Simulator Training Services APCo System Operating Companies 649 12/12/87 Yes
Coal BHCCo I&M - (a) 1/01/82 Yes
Coal CeCCo APCo - (b) 12/01/76 Yes
Coal CACCo APCo - (c) 9/14/48 Yes
Coal CCCo APCo/OPCo - (d) 1/1/80 Yes
Coal Washing CCPC CSPCo 8,812 11/05/84 Yes
Coal COCCo OPCo 52,158 4/01/83 Yes
Barging Transportation I&M System Operating Companies 23,160 5/01/86 Yes
Coal SACCo APCo - (e) 3/01/78 Yes
Coal SOCCo OPCo 183,956 2/01/74 Yes
Coal SOCCo OPCo - (f) 10/01/72 Yes
Coal WCCo OPCo 48,979 1/01/83 Yes
Coal Transportation Simco CCPC 455 5/01/91 Yes
(a) Excludes shutdown costs billed to I&M of $231,000.
(b) Excludes shutdown costs billed to APCo of $3,659,000.
(c) Excludes shutdown costs billed to APCo of $710,000.
(d) Excludes shutdown cost billed to OPCo and APCo of $182,000.
(e) Excludes shutdown costs credited to APCo of $106,000.
(f) Excludes shutdown costs credited to OPCo of $1,516,000.
</TABLE>
Part II. Contracts to purchase services or goods between any System company
and (1) any affiliate company (other than a System company) or (2)
any other company in which any officer or director of the System
company, receiving service under the contract, is a partner or owns 5
percent or more of any class of equity securities.
- NONE.
Part III. Employment of any other person, by any System company, for the
performance on a continuing basis, of management, supervisory or
financial advisory services.
- NONE.
<PAGE>
<PAGE>
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES
Part I.
(a) AEP Resources International, Ltd. was formed as a
wholly-owned subsidiary by AEP Resources, Inc. on
June 24, 1994. It is domiciled in the Cayman
Islands and its business address is Caledonian Bank
& Trust Limited, Caldonian House, Mary Street, P.O.
Box 1043, George Town, Grand Cayman, Cayman Islands.
At December 31, 1995, the Company owned no
facilities.
(b) AEP Resources International, Ltd. issued one share
of $1.00 par value common stock to its parent, AEP
Resources, Inc., for $5,000 during 1994. During
1995 AEPRI received capital contributions from its
parent totalling $110,000 and at year end had an
accumulated net loss of $97,000. There is no other
stock or debt outstanding. The Company owned no
fixed assets at December 31, 1995.
(c) There was no debt outstanding at December 31, 1995.
(d) There were no contracts between AEP Resources
International, Ltd. and other system companies.
Part II.
See Exhibit's H and I
Part III.
American Electric Power Company, Inc.'s aggregate investment
in foreign utility companies is $115,000 which is less than
1% of its investment in domestic public utility subsidiary
companies.
<PAGE>
<PAGE>
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
Section and
FINANCIAL STATEMENTS Page No.
Consent of Independent Public Accountants A-1
Consolidating Statements of Income B-1 to B-6
Consolidating Balance Sheets
Assets B-7 to B-13
Capitalization and Liabilities B-14 to B-20
Consolidating Statements of Cash Flows B-21 to B-26
Consolidating Statements of Retained Earnings B-27 to B-33
Note to Consolidating Financial Statements C-1
Financial Statements of Subsidiaries
Not Consolidated:
CdOCo D-1 to D-2
IKEC D-3 to D-5
OVEC D-6 to D-9
ICS *
EXHIBITS
Exhibit A E
Exhibit B & C **
Exhibit D **
Exhibit E **
Exhibit F None
Exhibit G **
Exhibit H **
Exhibit I **
Exhibit 27 **
* Omitted pursuant to Securities and Exchange Commission Release No. 35-24295.
** These Exhibits are included only the in copy filed with the Securities and
Exchange Commission.
<PAGE>
<PAGE>
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this American Electric
Power Company, Inc. Annual Report (Form U5S) to the Securities and
Exchange Commission, filed pursuant to the Public Utility Holding
Company Act of 1935, for the year ended December 31, 1995, of our
reports dated February 27, 1996 on the consolidated financial
statements of American Electric Power Company, Inc. and subsidiaries
and of certain of its subsidiaries (AEP Generating Company, Appalachian
Power Company and subsidiaries, Columbus Southern Power Company and
subsidiaries, Indiana Michigan Power Company and subsidiaries, Kentucky
Power Company, and Ohio Power Company and subsidiaries), incorporated
by reference in the combined Annual Report (Form 10-K) to the
Securities and Exchange Commission of American Electric Power Company,
Inc. and its subsidiaries and of certain of its subsidiaries for the
year ended December 31, 1995.
/s/ Deloitte & Touche llp
Deloitte & Touche llp
Columbus, Ohio
April 29, 1996
A-1
<PAGE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands, except per share amount)
<CAPTION>
JOURNAL ELIMINATIONS
AEP ENTRY AND COMBINED APCo
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $5,670,330 1,2,4,8,9 ($1,054,799) $6,725,129 $1,545,039
Equity of American Electric Power Company,
Inc.in Earnings of Subsidiaries 3 (537,686) 537,686 $537,686
Total 5,670,330 (1,592,485) 7,262,815 537,686 1,545,039
Operating Expenses:
Fuel and Purchased Power 1,625,531 1,9 (771,985) 2,397,516 648,862
Other Operation 1,184,158 1,2,4,8,9 (255,270) 1,439,428 5,564 221,783
Maintenance 541,825 4,8,9 (9,066) 550,891 139,566
Depreciation and Amortization 593,019 8 (4,009) 597,028 132,999
Taxes Other Than Federal Income Taxes 489,223 4,8,9 (13,188) 502,411 187 117,093
Federal Income Taxes 272,027 4,7,9 976 271,051 57,634
Total Operating Expenses 4,705,783 (1,052,542) 5,758,325 5,751 1,317,937
Operating Income (Loss) 964,547 (539,943) 1,504,490 531,935 227,102
Nonoperating Income (Loss):
Deferred Zimmer Plant Carrying
Charges (net of tax) 3,089 3,089
Other Nonoperating Income (Loss) 17,115 3-6,8,9 1,324 15,791 565 (4,699)
Total Nonoperating Income (Loss) 20,204 1,324 18,880 565 (4,699)
Income (Loss) Before Interest Charges and
Preferred Dividends 984,751 (538,619) 1,523,370 532,500 222,403
Interest Charges (net) 400,077 400,077 2,597 106,503
Preferred Stock Dividend Requirements
of Subsidiaries 54,771 54,771 16,405
Net Income (Loss) $529,903 ($538,619) $1,068,522 $529,903 $99,495
Average Number of Shares Outstanding 185,847
Earnings Per Share $2.85
See Note to Consolidating Financial
Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands, except per share amount)
<CAPTION>
CSPCo I&M OPCo
CONSOLIDATED CONSOLIDATED KEPCo KGPCo CONSOLIDATED WPCo
<S> <C> <C> <C> <C> <C> <C>
Operating Revenues $1,071,862 $1,283,157 $328,144 $79,788 $1,822,997 $85,204
Equity of American Electric Power Company,
Inc.in Earnings of Subsidiaries
Total 1,071,862 1,283,157 328,144 79,788 1,822,997 85,204
Operating Expenses:
Fuel and Purchased Power 337,308 348,380 168,809 58,706 678,077 57,739
Other Operation 190,542 306,967 45,253 7,331 327,026 8,382
Maintenance 71,022 141,813 27,877 2,400 144,202 3,741
Depreciation and Amortization 118,716 154,458 24,434 2,280 135,844 2,614
Taxes Other Than Federal Income Taxes 109,680 71,791 8,431 3,722 170,047 5,310
Federal Income Taxes 58,786 54,025 4,319 815 95,641 1,790
Total Operating Expenses 886,054 1,077,434 279,123 75,254 1,550,837 79,576
Operating Income (Loss) 185,808 205,723 49,021 4,534 272,160 5,628
Nonoperating Income (Loss):
Deferred Zimmer Plant Carrying
Charges (net of tax) 3,089
Other Nonoperating Income (Loss) 2,113 6,272 3 285 11,240 (64)
Total Nonoperating Income (Loss) 5,202 6,272 3 285 11,240 (64)
Income (Loss) Before Interest Charges and
Preferred Dividends 191,010 211,995 49,024 4,819 283,400 5,564
Interest Charges (net) 80,394 70,903 23,896 2,785 93,953 2,695
Preferred Stock Dividend Requirements
of Subsidiaries 11,907 11,791 14,668
Net Income (Loss) $98,709 $129,301 $25,128 $2,034 $174,779 $2,869
Average Number of Shares Outstanding
Earnings Per Share
See Note to Consolidating Financial
Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands, except per share amount)
<CAPTION>
AEPENS AEGCo AEPINV AEPRES AEPRI AEPSC CCCo COpCo FRECo IFRI
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Operating Revenues $231,795 $260,886 $16,257
Equity of American Electric Power Company,
Inc.in Earnings of Subsidiaries
Total $0 231,795 $0 $0 $0 260,886 $0 16,257 $0 $0
Operating Expenses:
Fuel and Purchased Power 99,635
Other Operation 79,939 237,213 9,428
Maintenance 11,203 3,242 5,825
Depreciation and Amortization 21,674 4,009
Taxes Other Than Federal Income Taxes 2,962 12,161 1,027
Federal Income Taxes 3,339 (5,346) 48
Total Operating Expenses 0 218,752 0 0 0 251,279 0 16,328 0 0
Operating Income (Loss) 0 13,043 0 0 0 9,607 0 (71) 0 0
Nonoperating Income (Loss):
Deferred Zimmer Plant Carrying
Charges (net of tax)
Other Nonoperating Income (Loss) (1,807) 3,685 (191) (288) (93) (1,301) 71
Total Nonoperating Income (Loss) (1,807) 3,685 (191) (288) (93) (1,301) 0 71 0 0
Income (Loss) Before Interest Charges and
Preferred Dividends (1,807) 16,728 (191) (288) (93) 8,306 0 0 0 0
Interest Charges (net) 4 8,041 8,306
Preferred Stock Dividend Requirements
of Subsidiaries
Net Income (Loss) ($1,811) $8,687 ($191) ($288) ($93) $0 $0 $0 $0 $0
Average Number of Shares Outstanding
Earnings Per Share
See Note to Consolidating Financial
Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
APCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo
<S> <C> <C> <C> <C> <C>
Operating Revenues $1,545,039 $0 $1,545,039 $1,545,039
Operating Expenses:
Fuel and Purchased Power 648,862 0 648,862 648,862
Other Operation 221,783 221,783 221,783
Maintenance 139,566 139,566 139,566
Depreciation and Amortization 132,999 132,999 132,999
Taxes Other Than Federal Income Taxes 117,093 117,093 117,093
Federal Income Taxes 57,634 57,634 57,634
Total Operating Expenses 1,317,937 0 1,317,937 1,317,937
Operating Income 227,102 0 227,102 227,102
Nonoperating Income (Loss):
Equity in Earnings of Subsidiary Companies 0 10 5,837 (5,837) (5,837)
Other Nonoperating Income (Loss) (4,699) (4,699) 1,138
Total Nonoperating Income (Loss) (4,699) 5,837 (10,536) (4,699)
Income (Loss) Before Interest Charges and
Preferred Dividends 222,403 5,837 216,566 222,403
Interest Charges (net) 106,503 106,503 106,503
Preferred Stock Dividend Requirements 16,405 16,405 16,405
Earnings (Loss) Applicable to Common Stock $99,495 $5,837 $93,658 $99,495
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
CeCCo CACCo SACCo WVPCo
<S> <C> <C> <C> <C>
Operating Revenues
Operating Expenses:
Fuel and Purchased Power
Other Operation
Maintenance
Depreciation and Amortization
Taxes Other Than Federal Income Taxes
Federal Income Taxes
Total Operating Expenses $0 $0 $0 $0
Operating Income 0 0 0 0
Nonoperating Income (Loss):
Equity in Earnings of Subsidiary Companies
Other Nonoperating Income (Loss) (542) (28) (5,271) 4
Total Nonoperating Income (Loss) (542) (28) (5,271) 4
Income (Loss) Before Interest Charges and
Preferred Dividends (542) (28) (5,271) 4
Interest Charges (net)
Preferred Stock Dividend Requirements
Earnings (Loss) Applicable to Common Stock ($542) ($28)($5,271) $4
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
CSPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo
<S> <C> <C> <C> <C> <C>
Operating Revenues $1,071,862 11 ($9,267) $1,081,129 $1,071,862
Operating Expenses:
Fuel and Purchased Power 337,308 11 (397) 337,705 337,705
Other Operation 190,542 11 (7,465) 198,007 190,542
Maintenance 71,022 11 (1,056) 72,078 71,022
Depreciation and Amortization 118,716 11 (124) 118,840 118,716
Taxes Other Than Federal Income Taxes 109,680 11 (225) 109,905 109,680
Federal Income Taxes 58,786 13 (1) 58,787 58,662
Total Operating Expenses 886,054 (9,268) 895,322 886,327
Operating Income 185,808 1 185,807 185,535
Nonoperating Income (Loss):
Deferred Zimmer Plant Carrying
Charges (net of tax) 3,089 3,089 3,089
Equity in Earnings of Subsidiary Companies 0 12 (541) 541 541
Other Nonoperating Income (Loss) 2,113 13 (1) 2,114 1,845
Total Nonoperating Income (Loss) 5,202 (542) 5,744 5,475
Income Before Interest Charges and
Preferred Dividends 191,010 (541) 191,551 191,010
Interest Charges (net) 80,394 80,394 80,394
Preferred Stock Dividend Requirements 11,907 11,907 11,907
Earnings Applicable to Common Stock $98,709 ($541) $99,250 $98,709
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
COLM CCPC SIMCo
<S> <C> <C> <C>
Operating Revenues $8,812 $455
Operating Expenses:
Fuel and Purchased Power
Other Operation 7,453 12
Maintenance 1,056
Depreciation and Amortization 18 106
Taxes Other Than Federal Income Taxes 188 37
Federal Income Taxes 26 99
Total Operating Expenses $0 8,741 254
Operating Income 0 71 201
Nonoperating Income (Loss):
Deferred Zimmer Plant Carrying
Charges (net of tax)
Equity in Earnings of Subsidiary Companies
Other Nonoperating Income (Loss) 272 (1) (2)
Total Nonoperating Income (Loss) 272 (1) (2)
Income Before Interest Charges and
Preferred Dividends 272 70 199
Interest Charges (net)
Preferred Stock Dividend Requirements
Earnings Applicable to Common Stock $272 $70 $199
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
I&M ENTRY AND COMBINED
CONSOLIDATED NUMBER ADJUSTMENTS TOTAL I&M
<S> <C> <C> <C> <C> <C>
Operating Revenues $1,283,157 $1,283,157 $1,283,157
Operating Expenses:
Fuel and Purchased Power 348,380 348,380 348,380
Other Operation 306,967 306,967 306,967
Maintenance 141,813 141,813 141,813
Depreciation and Amortization 154,458 154,458 154,458
Taxes Other Than Federal Income Taxes 71,791 71,791 71,791
Federal Income Taxes 54,025 54,025 54,025
Total Operating Expenses 1,077,434 1,077,434 1,077,434
Operating Income 205,723 205,723 205,723
Nonoperating Income:
Equity in Earnings of Subsidiary Companies 0 14 ($3,511) 3,511 3,511
Other Nonoperating Income 6,272 6,272 2,761
Total Nonoperating Income 6,272 (3,511) 9,783 6,272
Income Before Interest Charges and
Preferred Dividends 211,995 (3,511) 215,506 211,995
Interest Charges (net) 70,903 70,903 70,903
Preferred Stock Dividend Requirements 11,791 11,791 11,791
Earnings Applicable to Common Stock $129,301 ($3,511) $132,812 $129,301
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
BHCCo PRCCo
<S> <C> <C>
Operating Revenues
Operating Expenses:
Fuel and Purchased Power
Other Operation
Maintenance
Depreciation and Amortization
Taxes Other Than Federal Income Taxes
Federal Income Taxes
Total Operating Expenses $0 $0
Operating Income 0 0
Nonoperating Income:
Equity in Earnings of Subsidiary Companies
Other Nonoperating Income 3,511
Total Nonoperating Income 3,511 0
Income Before Interest Charges and
Preferred Dividends 3,511 0
Interest Charges (net)
Preferred Stock Dividend Requirements
Earnings Applicable to Common Stock $3,511 $0
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
JOURNAL ELIMINATIONS
OPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo
<S> <C> <C> <C> <C> <C>
Operating Revenues $1,822,997 15,16,17,21 ($293,685) $2,116,682 $1,831,115
Operating Expenses:
Fuel and Purchased Power 678,077 15,16,17,20 (34,693) 712,770 712,770
Other Operation 327,026 15 (171,602) 498,628 327,026
Maintenance 144,202 15 (49,560) 193,762 144,202
Depreciation and Amortization 135,844 15 (19,033) 154,877 135,844
Taxes Other Than Federal Income Taxes 170,047 15 (18,086) 188,133 170,047
Federal Income Taxes 95,641 19 22 95,619 87,183
Total Operating Expenses 1,550,837 (292,952) 1,843,789 1,577,072
Operating Income 272,160 (733) 272,893 254,043
Nonoperating Income:
Equity in Earnings of Subsidiary Companies 0 18 (14,387) 14,387 14,387
Other Nonoperating Income 11,240 19,20 671 10,569 8,930
Total Nonoperating Income 11,240 (13,716) 24,956 23,317
Income Before Interest Charges and
Preferred Dividends 283,400 (14,449) 297,849 277,360
Interest Charges (net) 93,953 19,21 (62) 94,015 87,913
Preferred Stock Dividend Requirements 14,668 14,668 14,668
Earnings Applicable to Common Stock $174,779 ($14,387) $189,166 $174,779
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
Year Ended December 31, 1995
(in thousands)
<CAPTION>
COCCo SOCCo WCCo
<S> <C> <C> <C>
Operating Revenues $52,158 $183,956 $49,453
Operating Expenses:
Fuel and Purchased Power
Other Operation 36,707 104,050 30,845
Maintenance 6,686 33,092 9,782
Depreciation and Amortization 3,315 13,294 2,424
Taxes Other Than Federal Income Taxes 2,930 10,864 4,292
Federal Income Taxes 1,116 6,515 805
Total Operating Expenses 50,754 167,815 48,148
Operating Income 1,404 16,141 1,305
Nonoperating Income:
Equity in Earnings of Subsidiary Companies
Other Nonoperating Income 1,307 261 71
Total Nonoperating Income 1,307 261 71
Income Before Interest Charges and
Preferred Dividends 2,711 16,402 1,376
Interest Charges (net) 55 6,034 13
Preferred Stock Dividend Requirements
Earnings Applicable to Common Stock $2,656 $10,368 $1,363
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
AEP ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP
<S> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $9,238,843 5 $1 $9,238,842
Transmission 3,316,664 5 1 3,316,663
Distribution 4,184,251 4,184,251
General(including mining assets and nuclear fuel) 1,442,086 1,442,086
Construction Work In Progress 314,118 5 (2) 314,120
Total Electric Utility Plant 18,495,962 0 18,495,962 $0
Accumulated Depreciation and Amortization (7,111,123) (7,111,123)
Net Electric Utility Plant 11,384,839 0 11,384,839 0
Other Property and Investments 825,781 1,5 (4,333,075) 5,158,856 4,373,124
Current Assets:
Cash and Cash Equivalents 79,955 2 1,175 78,780 130
Accounts Receivable:
Customers 423,284 423,284
Affiliated Companies 0 2 (183,502) 183,502 18
Miscellaneous 74,429 2 11,463 62,966 202
Allowance for Uncollectible Accounts (5,430) (5,430)
Fuel - at average cost 271,933 5 1 271,932
Materials and Supplies - at average cost 251,051 251,051
Accrued Utility Revenues 207,919 207,919
Prepayments and Other 98,717 5 1 98,716 37
Total Current Assets 1,401,858 (170,862) 1,572,720 387
Regulatory Assets 1,979,446 3,5 8,283 1,971,163 (58)
Deferred Charges 310,377 2,3,4 (10,357) 320,734 16,399
Total $15,902,301 ($4,506,011) $20,408,312 $4,389,852
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
APCo CSPCo I&M
CONSOLIDATED CONSOLIDATED CONSOLIDATED KEPCo KGPCo
<S> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $1,857,621 $1,481,309 $2,507,667 $230,054
Transmission 1,041,415 314,413 867,541 261,619 $11,678
Distribution 1,409,407 843,228 666,810 313,783 56,956
General(including mining assets and nuclear fuel) 169,602 117,185 186,959 59,611 3,766
Construction Work In Progress 80,391 64,073 90,587 14,590 2,460
Total Electric Utility Plant 4,558,436 2,820,208 4,319,564 879,657 74,860
Accumulated Depreciation and Amortization (1,694,746) (953,170) (1,751,965) (270,590) (25,010)
Net Electric Utility Plant 2,863,690 1,867,038 2,567,599 609,067 49,850
Other Property and Investments 31,523 25,950 584,613 6,438 159
Current Assets:
Cash and Cash Equivalents 8,664 10,577 13,723 1,031 505
Accounts Receivable:
Customers 126,613 52,390 82,434 23,283 5,903
Affiliated Companies 7,721 4,465 21,881 4,150 5,634
Miscellaneous 8,077 10,059 11,450 2,739 456
Allowance for Uncollectible Accounts (2,253) (1,061) (334) (259) (58)
Fuel - at average cost 69,037 24,316 29,093 3,526
Materials and Supplies - at average cost 55,756 23,519 72,861 12,481 613
Accrued Utility Revenues 65,078 40,389 43,937 13,500 2,627
Prepayments and Other 8,579 32,116 10,191 1,701 1,161
Total Current Assets 347,272 196,770 285,236 62,152 16,841
Regulatory Assets 435,352 438,005 458,525 82,388 5,237
Deferred Charges 57,541 66,363 32,364 12,153 124
Total $3,735,378 $2,594,126 $3,928,337 $772,198 $72,211
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
OPCo
CONSOLIDATED WPCo AEPENS AEGCo AEPINV AEPRES
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $2,534,893 $627,298
Transmission 798,854 $21,143
Distribution 833,944 60,123
General(including mining assets and nuclear fuel) 688,253 6,855 2,919
Construction Work In Progress 59,278 1,344 1,397
Total Electric Utility Plant 4,915,222 89,465 $0 631,614 $0 $0
Accumulated Depreciation and Amortization (2,091,148) (35,265) (218,055)
Net Electric Utility Plant 2,824,074 54,200 0 413,559 0 0
Other Property and Investments 107,510 2,922 6 12,415 18
Current Assets:
Cash and Cash Equivalents 44,000 246 215 (2,508) 47 190
Accounts Receivable:
Customers 125,710 6,951
Affiliated Companies 48,193 143 18,549
Miscellaneous 26,814 108 1,333 479 1,040 1
Allowance for Uncollectible Accounts (1,424) (41)
Fuel - at average cost 126,952 19,008
Materials and Supplies - at average cost 80,468 533 4,820
Accrued Utility Revenues 40,100 2,288
Prepayments and Other 42,286 216 7 673 1
Total Current Assets 533,099 10,444 1,555 41,021 1,088 191
Regulatory Assets 562,329 17,231 (30,441)
Deferred Charges 129,552 1,635 95 1,687 234
Total $4,156,564 $86,432 $1,650 $425,832 $13,737 $209
See Note to Consolidating Financial Statements on Page C-1.
<PAGE>
</TABLE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
AEPRI AEPSC CCCo COpCo FRECo IFRI
<S> <C> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production
Transmission
Distribution
General(including mining assets and nuclear fuel) $206,936
Construction Work In Progress
Total Electric Utility Plant $0 206,936 $0 $0 $0 $0
Accumulated Depreciation and Amortization (71,174)
Net Electric Utility Plant 0 135,762 0 0 0 0
Other Property and Investments 13,476 701 1
Current Assets:
Cash and Cash Equivalents 18 407 55 1,452 28
Accounts Receivable:
Customers
Affiliated Companies 70,511 152 2,083 1 1
Miscellaneous 191 16 1
Allowance for Uncollectible Accounts
Fuel - at average cost
Materials and Supplies - at average cost
Accrued Utility Revenues
Prepayments and Other 1,724 2 22
Total Current Assets 18 72,833 225 3,558 29 1
Regulatory Assets 3,128 (74) (459)
Deferred Charges 2,401 49 137
Total $18 $227,600 $901 $3,236 $30 $1
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
APCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo
<S> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $1,857,621 $1,857,621 $1,857,621
Transmission 1,041,415 1,041,415 1,041,415
Distribution 1,409,407 1,409,407 1,409,407
General 169,602 169,602 169,602
Construction Work In Progress 80,391 80,391 80,391
Total Electric Utility Plant 4,558,436 $0 4,558,436 4,558,436
Accumulated Depreciation and Amortization (1,694,746) (1,694,746) (1,694,746)
Net Electric Utility Plant 2,863,690 0 2,863,690 2,863,690
Other Property and Investments 31,523 6 (11,763) 43,286 35,120
Current Assets:
Cash and Cash Equivalents 8,664 8,664 7,145
Accounts Receivable:
Customers 126,613 126,613 126,613
Affiliated Companies 7,721 7 (6,983) 14,704 7,721
Miscellaneous 8,077 8,077 7,570
Allowance for Uncollectible Accounts (2,253) (2,253) (2,253)
Fuel - at average cost 69,037 69,037 69,037
Materials and Supplies - at average cost 55,756 55,756 55,756
Accrued Utility Revenues 65,078 65,078 65,078
Prepayments and Other 8,579 8,579 8,125
Total Current Assets 347,272 (6,983) 354,255 344,792
Regulatory Assets 435,352 435,352 434,263
Deferred Charges 57,541 7 (315) 57,856 56,579
Total $3,735,378 ($19,061) $3,754,439 $3,734,444
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
CeCCo CACCo SACCo WVPCo
<S> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production
Transmission
Distribution
General
Construction Work In Progress
Total Electric Utility Plant $0 $0 $0 $0
Accumulated Depreciation and Amortization
Net Electric Utility Plant 0 0 0 0
Other Property and Investments 669 7,487 10
Current Assets:
Cash and Cash Equivalents 176 511 617 215
Accounts Receivable:
Customers
Affiliated Companies 4,914 1,588 481
Miscellaneous 132 2 372 1
Allowance for Uncollectible Accounts
Fuel - at average cost
Materials and Supplies - at average cost
Accrued Utility Revenues
Prepayments and Other 454
Total Current Assets 5,676 2,101 1,470 216
Regulatory Assets 547 (226) 768
Deferred Charges 1,276 1
Total $8,168 $1,875 $9,725 $227
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
CSPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo
<S> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $1,481,309 $1,481,309 $1,481,309
Transmission 314,413 314,413 314,413
Distribution 843,228 843,228 843,228
General 117,185 117,185 114,113
Construction Work In Progress 64,073 64,073 64,073
Total Electric Utility Plant 2,820,208 $0 2,820,208 2,817,136
Accumulated Depreciation (953,170) (953,170) (951,261)
Net Electric Utility Plant 1,867,038 0 1,867,038 1,865,875
Other Property and Investments 25,950 8 (4,450) 30,400 27,676
Current Assets:
Cash and Cash Equivalents 10,577 10,577 10,367
Accounts Receivable:
Customers 52,390 52,390 52,390
Affiliated Companies 4,465 9 (2,663) 7,128 4,488
Miscellaneous 10,059 10,059 10,016
Allowance for Uncollectible Accounts (1,061) (1,061) (1,061)
Fuel - at average cost 24,316 24,316 24,316
Materials and Supplies - at average cost 23,519 10 1 23,518 22,638
Accrued Utility Revenues 40,389 40,389 40,389
Prepayments and Other 32,116 32,116 32,062
Total Current Assets 196,770 (2,662) 199,432 195,605
Regulatory Assets 438,005 438,005 437,725
Deferred Charges 66,363 9 175 66,188 66,150
Total $2,594,126 ($6,937) $2,601,063 $2,593,031
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY AND SUBSID
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
COLM CCPC SIMCo
<S> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production
Transmission
Distribution
General $1,404 $1,668
Construction Work In Progress
Total Electric Utility Plant $0 1,404 1,668
Accumulated Depreciation (953) (956)
Net Electric Utility Plant 0 451 712
Other Property and Investments 2,715 9
Current Assets:
Cash and Cash Equivalents 66 18 126
Accounts Receivable:
Customers
Affiliated Companies 1 2,601 38
Miscellaneous 43
Allowance for Uncollectible Accounts
Fuel - at average cost
Materials and Supplies - at average cost 880
Accrued Utility Revenues
Prepayments and Other 54
Total Current Assets 110 3,553 164
Regulatory Assets 280
Deferred Charges 38
Total $2,825 $4,331 $876
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
I&M ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL I&M
<S> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $2,507,667 $2,507,667 $2,507,667
Transmission 867,541 867,541 867,541
Distribution 666,810 666,810 666,810
General (including nuclear fuel) 186,959 186,959 186,959
Construction Work In Progress 90,587 90,587 90,587
Total Electric Utility Plant 4,319,564 $0 4,319,564 4,319,564
Accumulated Depreciation and Amortization (1,751,965) (1,751,965) (1,751,965)
Net Electric Utility Plant 2,567,599 0 2,567,599 2,567,599
Other Property and Investments 584,613 11 (88,150) 672,763 585,885
Current Assets:
Cash and Cash Equivalents 13,723 13,723 6,386
Accounts Receivable:
Customers 82,434 82,434 82,434
Affiliated Companies 21,881 12 (525) 22,406 21,881
Miscellaneous 11,450 11,450 5,433
Allowance for Uncollectible Accounts (334) (334) (334)
Fuel - at average cost 29,093 29,093 29,093
Materials and Supplies - at average cost 72,861 72,861 72,861
Accrued Utility Revenues 43,937 43,937 43,937
Prepayments and Other 10,191 10,191 10,138
Total Current Assets 285,236 (525) 285,761 271,829
Regulatory Assets 458,525 458,525 447,084
Deferred Charges 32,364 12 (57) 32,421 32,421
Total $3,928,337 ($88,732) $4,017,069 $3,904,818
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
BHCCo PRCCo
<S> <C> <C>
ASSETS
Electric Utility Plant:
Production
Transmission
Distribution
General (including nuclear fuel)
Construction Work In Progress
Total Electric Utility Plant $0 $0
Accumulated Depreciation and Amortization
Net Electric Utility Plant 0 0
Other Property and Investments 86,878
Current Assets:
Cash and Cash Equivalents 7,337
Accounts Receivable:
Customers
Affiliated Companies 504 21
Miscellaneous 6,017
Allowance for Uncollectible Accounts
Fuel - at average cost
Materials and Supplies - at average cost
Accrued Utility Revenues
Prepayments and Other 53
Total Current Assets 13,911 21
Regulatory Assets 11,441
Deferred Charges
Total $112,230 $21
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
OPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo
<S> <C> <C> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production $2,534,893 $2,534,893 $2,534,893
Transmission 798,854 798,854 798,854
Distribution 833,944 833,944 833,944
General (including mining assets) 688,253 688,253 179,440
Construction Work In Progress 59,278 16 $1 59,277 58,520
Total Electric Utility Plant 4,915,222 1 4,915,221 4,405,651
Accumulated Depreciation and Amortization (2,091,148) 16 (1) (2,091,147) (1,829,498)
Net Electric Utility Plant 2,824,074 0 2,824,074 2,576,153
Other Property and Investments 107,510 13,16 (168,709) 276,219 212,351
Current Assets:
Cash and Cash Equivalents 44,000 44,000 4,755
Accounts Receivable:
Customers 125,710 125,710 125,710
Affiliated Companies 48,193 14 (7,275) 55,468 43,268
Miscellaneous 26,814 26,814 8,808
Allowance for Uncollectible Accounts (1,424) (1,424) (1,424)
Fuel - at average cost 126,952 126,952 124,577
Materials and Supplies - at average cost 80,468 16 (1) 80,469 56,581
Accrued Utility Revenues 40,100 40,100 40,100
Prepayments and Other 42,286 42,286 39,393
Total Current Assets 533,099 (7,276) 540,375 441,768
Regulatory Assets 562,329 16 1 562,328 491,659
Deferred Charges 129,552 14,15,16 129 129,423 124,425
Total $4,156,564 ($175,855) $4,332,419 $3,846,356
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
COCCo SOCCo WCCo
<S> <C> <C> <C>
ASSETS
Electric Utility Plant:
Production
Transmission
Distribution
General (including mining assets) $74,891 $368,360 $65,562
Construction Work In Progress 2 634 121
Total Electric Utility Plant 74,893 368,994 65,683
Accumulated Depreciation and Amortization (48,885) (182,448) (30,316)
Net Electric Utility Plant 26,008 186,546 35,367
Other Property and Investments 60 63,790 18
Current Assets:
Cash and Cash Equivalents 12,697 26,535 13
Accounts Receivable:
Customers
Affiliated Companies 1,746 4,649 5,805
Miscellaneous 390 17,081 535
Allowance for Uncollectible Accounts
Fuel - at average cost 234 2,044 97
Materials and Supplies - at average cost 9,237 10,800 3,851
Accrued Utility Revenues
Prepayments and Other 1,082 1,571 240
Total Current Assets 25,386 62,680 10,541
Regulatory Assets 2,758 69,598 (1,687)
Deferred Charges 300 4,345 353
Total $54,512 $386,959 $44,592
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
AEP ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $1,271,627 1 ($738,724) $2,010,351 $1,271,627
Paid-in Capital 1,658,524 1 (2,456,742) 4,115,266 1,658,524
Retained Earnings 1,409,645 1,3 (1,121,123) 2,530,768 1,409,645
Total Common Shareholders' Equity 4,339,796 (4,316,589) 8,656,385 4,339,796
Cumulative Preferred Stocks of Subsidiaries:
Not Subject to Mandatory Redemption 148,240 148,240
Subject to Mandatory Redemption 515,085 515,085
Long-term Debt 4,920,329 1 (1,100) 4,921,429
Total Capitalization 9,923,450 (4,317,689) 14,241,139 4,339,796
Other Noncurrent Liabilities 884,707 4 (5,622) 890,329
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 144,597 144,597
Short-term Debt 365,125 365,125 49,650
Accounts Payable:
General 220,142 2 10,587 209,555
Affiliated Companies 0 2 (176,251) 176,251 94
Taxes Accrued 420,192 5 1 420,191
Interest Accrued 80,848 5 (1) 80,849 25
Obligations Under Capital Leases 89,692 5 (2) 89,694
Other 304,466 2,5 (1,271) 305,737 335
Total Current Liabilities 1,625,062 (166,937) 1,791,999 50,104
Deferred Income Taxes 2,656,651 3 8,284 2,648,367 (58)
Deferred Investment Tax Credits 430,041 3,5 (24,047) 454,088
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2 249,875 249,875
Deferred Credits 132,515 132,515 10
Total $15,902,301 ($4,506,011) $20,408,312 $4,389,852
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
APCo CSPCo I&M
CONSOLIDATED CONSOLIDATED CONSOLIDATED KEPCo KGPCo
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $260,458 $41,026 56,584 $50,450 $4,100
Paid-in Capital 525,051 574,427 731,102 78,750 7,800
Retained Earnings 199,021 74,320 235,107 91,381 7,068
Total Common Shareholders' Equity 984,530 689,773 1,022,793 220,581 18,968
Cumulative Preferred Stocks of Subsidiaries:
Not Subject to Mandatory Redemption 55,000 52,000
Subject to Mandatory Redemption 190,085 75,000 135,000
Long-term Debt 1,278,433 990,796 1,034,048 263,089 25,000
Total Capitalization 2,508,048 1,755,569 2,243,841 483,670 43,968
Other Noncurrent Liabilities 102,178 34,571 453,495 15,031 6,820
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 7,401 7,500 6,053 29,436
Short-term Debt 125,525 34,325 89,975 27,050 2,100
Accounts Payable:
General 36,424 31,276 37,744 11,608 161
Affiliated Companies 45,800 20,753 22,962 10,158 6,159
Taxes Accrued 48,666 120,093 71,696 7,972 967
Interest Accrued 19,057 17,016 16,158 5,853 584
Obligations Under Capital Leases 12,198 4,835 31,776 2,355 199
Other 77,366 26,120 74,463 14,632 2,051
Total Current Liabilities 372,437 261,918 350,827 109,064 12,221
Deferred Income Taxes 656,006 464,413 612,147 145,005 7,830
Deferred Investment Tax Credits 89,682 61,010 155,202 18,397 1,175
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2 99,832
Deferred Credits 7,027 16,645 12,993 1,031 197
Total $3,735,378 $2,594,126 $3,928,337 $772,198 $72,211
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
APCo CSPCo I&M
CONSOLIDATED CONSOLIDATED CONSOLIDATED KEPCo KGPCo
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $260,458 $41,026 56,584 $50,450 $4,100
Paid-in Capital 525,051 574,427 731,102 78,750 7,800
Retained Earnings 199,021 74,320 235,107 91,381 7,068
Total Common Shareholders' Equity 984,530 689,773 1,022,793 220,581 18,968
Cumulative Preferred Stocks of Subsidiaries:
Not Subject to Mandatory Redemption 55,000 52,000
Subject to Mandatory Redemption 190,085 75,000 135,000
Long-term Debt 1,278,433 990,796 1,034,048 263,089 25,000
Total Capitalization 2,508,048 1,755,569 2,243,841 483,670 43,968
Other Noncurrent Liabilities 102,178 34,571 453,495 15,031 6,820
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 7,401 7,500 6,053 29,436
Short-term Debt 125,525 34,325 89,975 27,050 2,100
Accounts Payable:
General 36,424 31,276 37,744 11,608 161
Affiliated Companies 45,800 20,753 22,962 10,158 6,159
Taxes Accrued 48,666 120,093 71,696 7,972 967
Interest Accrued 19,057 17,016 16,158 5,853 584
Obligations Under Capital Leases 12,198 4,835 31,776 2,355 199
Other 77,366 26,120 74,463 14,632 2,051
Total Current Liabilities 372,437 261,918 350,827 109,064 12,221
Deferred Income Taxes 656,006 464,413 612,147 145,005 7,830
Deferred Investment Tax Credits 89,682 61,010 155,202 18,397 1,175
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2 99,832
Deferred Credits 7,027 16,645 12,993 1,031 197
Total $3,735,378 $2,594,126 $3,928,337 $772,198 $72,211
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
OPCo
CONSOLIDATED WPCo AEPENS AEGCo AEPINV AEPRES
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $321,201 $2,428 $110 $1,000
Paid-in Capital 459,474 12,596 3,890 47,735 $14,084 $510
Retained Earnings 518,029 6,569 (3,674) 1,955 (8,401) (347)
Total Common Shareholders' Equity 1,298,704 21,593 326 50,690 5,683 163
Cumulative Preferred Stocks of Subsidiaries:
Not Subject to Mandatory Redemption 41,240
Subject to Mandatory Redemption 115,000
Long-term Debt 1,138,425 26,000 89,538
Total Capitalization 2,593,369 47,593 326 140,228 5,683 163
Other Noncurrent Liabilities 214,726 4,836 1,830
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 89,207
Short-term Debt 9,400 5,375 21,725
Accounts Payable:
General 74,360 395 135 4,669
Affiliated Companies 28,220 5,583 670 1,895 78
Taxes Accrued 161,430 2,804 (228) 2,997 (1) (32)
Interest Accrued 20,807 590 370
Obligations Under Capital Leases 25,172 579 465
Other 80,507 1,742 82 8,636
Total Current Liabilities 489,103 17,068 659 40,757 (1) 46
Deferred Income Taxes 731,959 16,267 (724) 15,824 (4,485)
Deferred Investment Tax Credits 49,860 661 76,949
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2 150,043
Deferred Credits 77,547 7 1,389 201 12,540
Total $4,156,564 $86,432 $1,650 $425,832 $13,737 $209
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
<CAPTION>
AEPRI AEPSC CCCo COpCo FRECo IFRI
<S> <C> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $1,350 $3 $3 $10 $1
Paid-in Capital $115 1,205 3
Retained Earnings (97) 172 20
Total Common Shareholders' Equity 18 1,350 1,208 178 30 1
Cumulative Preferred Stocks of Subsidiaries:
Not Subject to Mandatory Redemption
Subject to Mandatory Redemption
Long-term Debt 76,100
Total Capitalization 18 77,450 1,208 178 30 1
Other Noncurrent Liabilities 53,776 114 2,952
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 5,000
Short-term Debt
Accounts Payable:
General 12,498 285
Affiliated Companies 33,812 12 55
Taxes Accrued 3,807 20
Interest Accrued 389
Obligations Under Capital Leases 12,115
Other 18,081 19 1,703
Total Current Liabilities 0 85,702 31 2,063 0 0
Deferred Income Taxes 6,657 (517) (1,957)
Deferred Investment Tax Credits 1,152
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2
Deferred Credits 2,863 65
Total $18 $227,600 $901 $3,236 $30 $1
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
APCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $260,458 6 ($210) $260,668 $260,458
Paid-in Capital 525,051 6 (19,895) 544,946 525,051
Retained Earnings 199,021 6 8,342 190,679 199,021
Total Common Shareholders' Equity 984,530 (11,763) 996,293 984,530
Cumulative Preferred Stock:
Not Subject to Mandatory Redemption 55,000 55,000 55,000
Subject to Mandatory Redemption 190,085 190,085 190,085
Long-term Debt 1,278,433 1,278,433 1,278,433
Total Capitalization 2,508,048 (11,763) 2,519,811 2,508,048
Other Noncurrent Liabilities 102,178 102,178 94,027
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 7,401 7,401 7,401
Short-term Debt 125,525 125,525 125,525
Accounts Payable:
General 36,424 36,424 36,417
Affiliated Companies 45,800 7 (7,298) 53,098 52,459
Taxes Accrued 48,666 48,666 48,499
Interest Accrued 19,057 19,057 19,057
Obligations Under Capital Leases 12,198 12,198 12,198
Other 77,366 77,366 76,653
Total Current Liabilities 372,437 (7,298) 379,735 378,209
Deferred Income Taxes 656,006 656,006 660,807
Deferred Investment Tax Credits 89,682 89,682 89,682
Deferred Credits 7,027 7,027 3,671
Total $3,735,378 ($19,061) $3,754,439 $3,734,444
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
CeCCo CACCo SACCo WVPCo
<S> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $200 $3 $7
Paid-in Capital 6,168 450 13,082 $195
Retained Earnings (3,713) (390) (4,272) 33
Total Common Shareholders' Equity 2,655 63 8,817 228
Cumulative Preferred Stock:
Not Subject to Mandatory Redemption
Subject to Mandatory Redemption
Long-term Debt
Total Capitalization 2,655 63 8,817 228
Other Noncurrent Liabilities 4,787 2,636 728
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year
Short-term Debt
Accounts Payable:
General 7
Affiliated Companies 303 262 74
Taxes Accrued 109 7 52 (1)
Interest Accrued
Obligations Under Capital Leases
Other 416 238 59
Total Current Liabilities 835 507 185 (1)
Deferred Income Taxes (1,909) (1,355) (1,537)
Deferred Investment Tax Credits
Deferred Credits 1,800 24 1,532
Total $8,168 $1,875 $9,725 $227
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
CSPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $41,026 8 ($1,609) $42,635 $41,026
Paid-in Capital 574,427 8 (770) 575,197 574,427
Retained Earnings 74,320 8 (2,071) 76,391 74,320
Total Common Shareholders' Equity 689,773 (4,450) 694,223 689,773
Cumulative Preferred Stock -
Subject to Mandatory Redemption 75,000 75,000 75,000
Long-term Debt 990,796 990,796 990,796
Total Capitalization 1,755,569 (4,450) 1,760,019 1,755,569
Other Noncurrent Liabilities 34,571 34,571 33,650
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 7,500 7,500 7,500
Short-term Debt 34,325 34,325 34,325
Accounts Payable:
General 31,276 31,276 31,068
Affiliated Companies 20,753 9,10 (2,487) 23,240 23,072
Taxes Accrued 120,093 120,093 120,091
Interest Accrued 17,016 17,016 17,016
Obligations Under Capital Leases 4,835 4,835 4,737
Other 26,120 26,120 25,067
Total Current Liabilities 261,918 (2,487) 264,405 262,876
Deferred Income Taxes 464,413 464,413 464,918
Deferred Investment Tax Credits 61,010 61,010 60,961
Deferred Credits 16,645 16,645 15,057
Total $2,594,126 ($6,937) $2,601,063 $2,593,031
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
COLM CCPC SIMCo
<S> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $1,500 $100 $9
Paid-in Capital 30 400 340
Retained Earnings 1,230 680 161
Total Common Shareholders' Equity 2,760 1,180 510
Cumulative Preferred Stock -
Subject to Mandatory Redemption
Long-term Debt
Total Capitalization 2,760 1,180 510
Other Noncurrent Liabilities 921
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year
Short-term Debt
Accounts Payable:
General 208
Affiliated Companies 28 134 6
Taxes Accrued 19 (14) (3)
Interest Accrued
Obligations Under Capital Leases 98
Other 1,053
Total Current Liabilities 47 1,479 3
Deferred Income Taxes (669) 164
Deferred Investment Tax Credits 49
Deferred Credits 18 1,420 150
Total $2,825 $4,331 $876
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
<CAPTION>
JOURNAL ELIMINATIONS
I&M ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL I&M
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $56,584 11 ($39,548) $96,132 $56,584
Paid-in Capital 731,102 11 (1,303) 732,405 731,102
Retained Earnings 235,107 11 (13,299) 248,406 235,107
Total Common Shareholders' Equity 1,022,793 (54,150) 1,076,943 1,022,793
Cumulative Preferred Stock:
Not Subject to Mandatory Redemption 52,000 52,000 52,000
Subject to Mandatory Redemption 135,000 135,000 135,000
Long-term Debt 1,034,048 11 (34,000) 1,068,048 1,034,048
Total Capitalization 2,243,841 (88,150) 2,331,991 2,243,841
Other Noncurrent Liabilities 453,495 453,495 453,220
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 6,053 6,053 6,053
Short-term Debt 89,975 89,975 89,975
Accounts Payable:
General 37,744 37,744 37,744
Affiliated Companies 22,962 12 (561) 23,523 23,502
Taxes Accrued 71,696 71,696 60,895
Interest Accrued 16,158 16,158 16,158
Obligations Under Capital Leases 31,776 31,776 31,776
Other 74,463 74,463 74,463
Total Current Liabilities 350,827 (561) 351,388 340,566
Deferred Income Taxes 612,147 612,147 605,340
Deferred Investment Tax Credits 155,202 155,202 155,202
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2 99,832 99,832 99,832
Deferred Credits 12,993 12 (21) 13,014 6,817
Total $3,928,337 ($88,732) $4,017,069 $3,904,818
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMP
CONSOLIDATING BALANCE SHEET
December 31, 1995
<CAPTION>
BHCCo PRCCo
<S> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $39,521 $27
Paid-in Capital 1,303
Retained Earnings 13,299
Total Common Shareholders' Equity 54,123 27
Cumulative Preferred Stock:
Not Subject to Mandatory Redemption
Subject to Mandatory Redemption
Long-term Debt 34,000
Total Capitalization 88,123 27
Other Noncurrent Liabilities 275
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year
Short-term Debt
Accounts Payable:
General
Affiliated Companies 21
Taxes Accrued 10,806 (5)
Interest Accrued
Obligations Under Capital Leases
Other
Total Current Liabilities 10,827 (5)
Deferred Income Taxes 6,808 (1)
Deferred Investment Tax Credits
Deferred Gain on Sale and Leaseback -
Rockport Plant Unit 2
Deferred Credits 6,197
Total $112,230 $21
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
OPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo
<S> <C> <C> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $321,201 13 ($7,311) $328,512 $321,201
Paid-in Capital 459,474 13 (136,228) 595,702 459,474
Retained Earnings 518,029 13 (23,444) 541,473 518,029
Total Common Shareholders' Equity 1,298,704 (166,983) 1,465,687 1,298,704
Cumulative Preferred Stock:
Not Subject to Mandatory Redemption 41,240 41,240 41,240
Subject to Mandatory Redemption 115,000 115,000 115,000
Long-term Debt 1,138,425 13 (1,725) 1,140,150 1,048,074
Total Capitalization 2,593,369 (168,708) 2,762,077 2,503,018
Other Noncurrent Liabilities 214,726 214,726 110,423
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 89,207 89,207 80,214
Short-term Debt 9,400 9,400 9,400
Accounts Payable:
General 74,360 74,360 63,138
Affiliated Companies 28,220 14 (7,123) 35,343 32,929
Taxes Accrued 161,430 161,430 161,145
Interest Accrued 20,807 15 (1) 20,808 18,742
Obligations Under Capital Leases 25,172 16 2 25,170 10,010
Other 80,507 14,16 (25) 80,532 52,896
Total Current Liabilities 489,103 (7,147) 496,250 428,474
Deferred Income Taxes 731,959 731,959 684,610
Deferred Investment Tax Credits 49,860 49,860 49,860
Deferred Credits 77,547 77,547 69,971
Total $4,156,564 ($175,855) $4,332,419 $3,846,356
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
December 31, 1995
(in thousands)
<CAPTION>
COCCo SOCCo WCCo
<S> <C> <C> <C>
CAPITALIZATION AND LIABILITIES
Capitalization:
Common Stock $6,900 $5 $406
Paid-in Capital 13,069 112,689 10,470
Retained Earnings 23,199 245
Total Common Shareholders' Equity 19,969 135,893 11,121
Cumulative Preferred Stock:
Not Subject to Mandatory Redemption
Subject to Mandatory Redemption
Long-term Debt 1,890 81,681 8,505
Total Capitalization 21,859 217,574 19,626
Other Noncurrent Liabilities 29,553 62,035 12,715
Current Liabilities:
Preferred Stock and Long-term Debt
Due Within One Year 104 8,319 570
Short-term Debt
Accounts Payable:
General 803 7,800 2,619
Affiliated Companies 420 1,523 471
Taxes Accrued (384) 406 263
Interest Accrued 2,065 1
Obligations Under Capital Leases 3,379 10,816 965
Other 8,576 15,436 3,624
Total Current Liabilities 12,898 46,365 8,513
Deferred Income Taxes (15,896) 59,746 3,499
Deferred Investment Tax Credits
Deferred Credits 6,098 1,239 239
Total $54,512 $386,959 $44,592
See Note to Consolidating Financial Statements on Page C-1.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
AEP ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $529,903 1,2,7 ($593,390) $1,123,293
Adjustments for Noncash Items:
Depreciation and Amortization 578,003 7 1 578,002
Deferred Federal Income Taxes 11,916 3,7 216 11,700
Deferred Investment Tax Credits (25,819) 1 1,025 (26,844)
Equity in Undistributed Earnings of Affiliated Companies 0 1 70,493 (70,493)
Deferred Operating Expenses and Carrying
Charges (net of amortization) 53,479 7 1 53,478
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (71,804) 5,7 7,563 (79,367)
Fuel, Materials and Supplies 457 7 1 456
Accrued Utility Revenues (40,433) 7 (1) (40,432)
Accounts Payable (31,044) 5,7 (6,809) (24,235)
Taxes Accrued 37,515 7 (1) 37,516
Other (net) 14,437 2-5,7 52 14,385
Net Cash Flows From (Used For) Operating Activities 1,056,610 (520,849) 1,577,459
INVESTING ACTIVITIES:
Construction Expenditures (605,974) 4,7 2,737 (608,711)
Proceeds from Sales of Property and Other 20,567 4 (3,157) 23,724
Investment in Subsidiaries 0 6 60,084 (60,084)
Net Cash Flows Used For Investing Activities (585,407) 59,664 (645,071)
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company 0 6 (60,084) 60,084
Issuance of Common Stock 48,707 48,707
Issuance of Long-term Debt 523,476 523,476
Change in Short-term Debt (net) 48,140 48,140
Retirement of Cumulative Preferred Stock (158,839) 7 1 (158,840)
Retirement of Long-term Debt (469,767) (469,767)
Dividends Paid on Common Stock (445,831) 1 467,100 (912,931)
Dividends Paid on Cumulative Preferred Stock 0 2 55,112 (55,112)
Net Cash Flows From (Used For) Financing Activities (454,114) 462,129 (916,243)
Net Increase (Decrease) in Cash and Cash Equivalents 17,089 5 944 16,145
Cash and Cash Equivalents January 1 62,866 5 231 62,635
Cash and Cash Equivalents December 31 $79,955 5 $1,175 $78,780
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $395,169 7 $1 $395,168
Income Taxes Paid (Received) $273,671 7 $2 $273,669
Noncash Acquisitions Under Capital Leases $106,256 $106,256
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
APCo CSPCo I&M
AEP CONSOLIDATED CONSOLIDATED CONSOLIDATED
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $529,903 $115,900 $110,616 $141,092
Adjustments for Noncash Items:
Depreciation and Amortization 134,485 85,071 148,441
Deferred Federal Income Taxes 647 2,914 (23,564)
Deferred Investment Tax Credits (5,465) (3,483) (9,004)
Equity in Undistributed Earnings of Affiliated Companies (70,586)
Deferred Operating Expenses and Carrying
Charges (net of amortization) 29,150 24,328
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) 85 (16,896) (11,916) 4,121
Fuel, Materials and Supplies (9,761) 5,148 (6,255)
Accrued Utility Revenues (13,392) (8,794) (3,355)
Accounts Payable 12 (11,488) 3,038 (2,431)
Taxes Accrued 14,043 6,731 8,075
Other (net) (13) 39,827 (11,896) (41,832)
Net Cash Flows From (Used For) Operating Activities 459,401 247,900 206,579 239,616
INVESTING ACTIVITIES:
Construction Expenditures (216,200) (98,356) (117,785)
Proceeds from Sales of Property and Other 7,793 2,923 9,325
Investment in Subsidiaries (59,974)
Net Cash Flows Used For Investing Activities (59,974) (208,407) (95,433) (108,460)
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company 30,000 15,000
Issuance of Common Stock 48,707
Issuance of Long-term Debt 128,785 72,526 96,819
Change in Short-term Debt (net) (2,350) 2,700 34,325 39,375
Retirement of Cumulative Preferred Stock (150) (71,773)
Retirement of Long-term Debt (74,950) (80,000) (141,122)
Dividends Paid on Common Stock (445,831) (106,836) (71,900) (110,852)
Dividends Paid on Cumulative Preferred Stock (15,675) (12,812) (11,560)
Net Cash Flows From (Used For) Financing Activities (399,474) (36,126) (114,634) (127,340)
Net Increase (Decrease) in Cash and Cash Equivalents (47) 3,367 (3,488) 3,816
Cash and Cash Equivalents January 1 177 5,297 14,065 9,907
Cash and Cash Equivalents December 31 $130 $8,664 $10,577 $13,723
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $2,607 $102,145 $78,046 $71,457
Income Taxes Paid (Received) $186 $59,412 $57,896 $88,675
Noncash Acquisitions Under Capital Leases $16,209 $9,094 $32,073
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
OPCo
KEPCo KGPCo CONSOLIDATED WPCo AEPENS
<S> <C> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $25,128 $2,034 $189,447 $2,869 ($1,811)
Adjustments for Noncash Items:
Depreciation and Amortization 24,507 2,280 154,915 2,614
Deferred Federal Income Taxes (2,380) 64 29,573 (521) (724)
Deferred Investment Tax Credits (1,478) (72) (3,570) (43)
Equity in Undistributed Earnings of Affiliated Companies
Deferred Operating Expenses and Carrying
Charges (net of amortization)
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (8,467) (2,887) (41,631) 404 (998)
Fuel, Materials and Supplies 5,343 (45) 7,451 (132)
Accrued Utility Revenues (4,372) 859 (11,325) (53)
Accounts Payable 2,346 50 (19,852) 285 393
Taxes Accrued 1,716 288 4,905 1,314 (106)
Other (net) (554) 2,352 32,540 2,339 1,746
Net Cash Flows From (Used For) Operating Activities 41,789 4,923 342,453 9,076 (1,500)
INVESTING ACTIVITIES:
Construction Expenditures (39,264) (6,959) (122,132) (3,998)
Proceeds from Sales of Property and Other 4,241 357
Investment in Subsidiaries
Net Cash Flows Used For Investing Activities (39,264) (6,959) (117,891) (3,641) 0
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company 10,000 2,000 1,500
Issuance of Common Stock
Issuance of Long-term Debt 38,647 5,000 82,331 11,000
Change in Short-term Debt (net) (28,100) (1,175) (7,835) (3,325)
Retirement of Cumulative Preferred Stock (86,917)
Retirement of Long-term Debt (2,000) (44,348) (11,000)
Dividends Paid on Common Stock (22,920) (1,848) (139,428) (2,316)
Dividends Paid on Cumulative Preferred Stock (15,065)
Net Cash Flows From (Used For) Financing Activities (2,373) 1,977 (211,262) (5,641) 1,500
Net Increase (Decrease) in Cash and Cash Equivalents 152 (59) 13,300 (206) 0
Cash and Cash Equivalents January 1 879 564 30,700 452 215
Cash and Cash Equivalents December 31 $1,031 $505 $44,000 $246 $215
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $23,581 $2,871 $93,126 $2,765 $4
Income Taxes Paid (Received) $6,453 $593 $65,629 $1,729 ($136)
Noncash Acquisitions Under Capital Leases $3,651 $320 $31,799 $901
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
AEGCo AEPINV AEPRES AEPRI AEPSC CCCo COpCo
<S> <C> <C> <C> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $8,687 ($191) ($288) ($93)
Adjustments for Noncash Items:
Depreciation and Amortization 21,674 4,015
Deferred Federal Income Taxes 6,947 (96) (930) (12) (218)
Deferred Investment Tax Credits (3,522) (207)
Equity in Undistributed Earnings of Affiliated Companies 93
Deferred Operating Expenses and Carrying
Charges (net of amortization)
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) 840 (1) (1,831) 57 (246)
Fuel, Materials and Supplies (1,293)
Accrued Utility Revenues
Accounts Payable (155) (25) 70 4,153 5 (626)
Taxes Accrued (651) 1 (35) 992 (2) 245
Other (net) (8,784) (235) 1 (1,408) (13) 315
Net Cash Flows From (Used For) Operating Activities 23,743 (546) (160) (93) 4,784 35 (530)
INVESTING ACTIVITIES:
Construction Expenditures (4,017)
Proceeds from Sales of Property and Other (915)
Investment in Subsidiaries (110)
Net Cash Flows Used For Investing Activities (4,017) (915) (110) 0 0 0 0
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company 1,474 110
Issuance of Common Stock
Issuance of Long-term Debt 88,368
Change in Short-term Debt (net) 14,525
Retirement of Cumulative Preferred Stock
Retirement of Long-term Debt (111,347) (5,000)
Dividends Paid on Common Stock (11,000)
Dividends Paid on Cumulative Preferred Stock
Net Cash Flows From (Used For) Financing Activities (19,454) 1,474 0 110 (5,000) 0 0
Net Increase (Decrease) in Cash and Cash Equivalents 272 13 (270) 17 (216) 35 (530)
Cash and Cash Equivalents January 1 (2,780) 34 460 1 623 20 1,982
Cash and Cash Equivalents December 31 ($2,508) $47 $190 $18 $407 $55 $1,452
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $10,234 $8,332
Income Taxes Paid (Received) ($3,516) $21 ($68) ($3,293) $11 $77
Noncash Acquisitions Under Capital Leases $391 $11,818
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
FRECo IFRI
<S> (C> <C>
OPERATING ACTIVITIES:
Net Income (Loss)
Adjustments for Noncash Items:
Depreciation and Amortization
Deferred Federal Income Taxes
Deferred Investment Tax Credits
Equity in Undistributed Earnings of Affiliated Companies
Deferred Operating Expenses and Carrying
Charges (net of amortization)
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (1)
Fuel, Materials and Supplies
Accrued Utility Revenues
Accounts Payable (10)
Taxes Accrued
Other (net)
Net Cash Flows From (Used For) Operating Activities (10) (1)
INVESTING ACTIVITIES:
Construction Expenditures
Proceeds from Sales of Property and Other
Investment in Subsidiaries
Net Cash Flows Used For Investing Activities 0 0
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company
Issuance of Common Stock
Issuance of Long-term Debt
Change in Short-term Debt (net)
Retirement of Cumulative Preferred Stock
Retirement of Long-term Debt
Dividends Paid on Common Stock
Dividends Paid on Cumulative Preferred Stock
Net Cash Flows From (Used For) Financing Activities 0 0
Net Increase (Decrease) in Cash and Cash Equivalents (10) (1)
Cash and Cash Equivalents January 1 38 1
Cash and Cash Equivalents December 31 $28 $0
Supplemental Disclosure:
Interest Paid (net of capitalized amounts)
Income Taxes Paid (Received)
Noncash Acquisitions Under Capital Leases
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
APCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $115,900 8 $5,837 $110,063
Adjustments for Noncash Items:
Depreciation and Amortization 134,485 12 (1) 134,486
Deferred Federal Income Taxes 647 647
Deferred Investment Tax Credits (5,465) (5,465)
Equity in Undistributed Earnings of Affiliated Companies 0 8 (5,837) 5,837
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (16,896) 9,12 1,894 (18,790)
Fuel, Materials and Supplies (9,761) (9,761)
Accrued Utility Revenues (13,392) (13,392)
Accounts Payable (11,488) 9,12 (2,213) (9,275)
Taxes Accrued 14,043 12 1 14,042
Other (net) 39,827 9,11,12 7,202 32,625
Net Cash Flows From (Used For) Operating Activities 247,900 6,883 241,017
INVESTING ACTIVITIES:
Construction Expenditures (216,200) (216,200)
Proceeds from Sales of Property and Other 7,793 11 (6,883) 14,676
Investment in Subsidiaries 0 10 (3,250) 3,250
Net Cash Flows From (Used For) Investing Activities (208,407) (10,133) (198,274)
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent 30,000 10 3,250 26,750
Issuance of Long-term Debt 128,785 128,785
Change in Short-term Debt (net) 2,700 2,700
Retirement of Cumulative Preferred Stock (150) (150)
Retirement of Long-term Debt (74,950) (74,950)
Dividends Paid on Common Stock (106,836) (106,836)
Dividends Paid on Cumulative Preferred Stock (15,675) (15,675)
Net Cash Flows From (Used For) Financing Activities (36,126) 3,250 (39,376)
Net Increase (Decrease) in Cash and Cash Equivalents 3,367 0 3,367
Cash and Cash Equivalents January 1 5,297 5,297
Cash and Cash Equivalents December 31 $8,664 $0 $8,664
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $102,145 $102,145
Income Taxes Paid $59,412 $59,412
Noncash Acquisitions Under Capital Leases $16,209 $16,209
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
APCo CeCCo CACCo SACCo WVPCo
<S> <C> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $115,900 ($542) ($28) ($5,271) $4
Adjustments for Noncash Items:
Depreciation and Amortization 133,364 77 1,045
Deferred Federal Income Taxes 3,398 (487) (311) (1,953)
Deferred Investment Tax Credits (5,465)
Equity in Undistributed Earnings of Affiliated Companies 5,837
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (16,668)(1,773) (492) 143
Fuel, Materials and Supplies (9,761)
Accrued Utility Revenues (13,392)
Accounts Payable (9,898) 300 262 61
Taxes Accrued 13,663 287 23 69
Other (net) 29,534 2,242 1,023 (173) (1)
Net Cash Flows From (Used For) Operating Activities 246,512 104 477 (6,079) 3
INVESTING ACTIVITIES:
Construction Expenditures (216,200)
Proceeds from Sales of Property and Other 5,367 9,309
Investment in Subsidiaries 3,250
Net Cash Flows From (Used For) Investing Activities (207,583) 0 0 9,309 0
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent 30,000 (250) (3,000)
Issuance of Long-term Debt 128,785
Change in Short-term Debt (net) 2,700
Retirement of Cumulative Preferred Stock (150)
Retirement of Long-term Debt (74,950)
Dividends Paid on Common Stock (106,836)
Dividends Paid on Cumulative Preferred Stock (15,675)
Net Cash Flows From (Used For) Financing Activities (36,126) (250) 0 (3,000) 0
Net Increase (Decrease) in Cash and Cash Equivalents 2,803 (146) 477 230 3
Cash and Cash Equivalents January 1 4,342 322 34 387 212
Cash and Cash Equivalents December 31 $7,145 $176 $511 $617 $215
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $102,145
Income Taxes Paid $57,111 $678 $348 $1,272 $3
Noncash Acquisitions Under Capital Leases $16,209
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
CSPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income $110,616 13 ($541) $111,157
Adjustments for Noncash Items:
Depreciation and Amortization 85,071 16 (1) 85,072
Deferred Federal Income Taxes 2,914 2,914
Deferred Investment Tax Credits (3,483) (3,483)
Equity in Undistributed Earnings of Affiliated Companies 0 13 (158) 158
Deferred Operating Expenses and Carrying
Charges (net of amortization) 29,150 29,150
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (11,916) 14 23 (11,939)
Fuel, Materials and Supplies 5,148 5,148
Accrued Utility Revenues (8,794) (8,794)
Accounts Payable 3,038 14,16 146 2,892
Taxes Accrued 6,731 6,731
Other (net) (11,896) 14 (168) (11,728)
Net Cash Flows From (Used For) Operating Activities 206,579 (699) 207,278
INVESTING ACTIVITIES:
Construction Expenditures (98,356) (98,356)
Proceeds from Sale of Property and Other 2,923 2,923
Investment in Subsidiaries 0 15 (100) 100
Net Cash Flows Used For Investing Activities (95,433) (100) (95,333)
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company 15,000 15 100 14,900
Issuance of Long-term Debt 72,526 72,526
Change in Short-term Debt (net) 34,325 34,325
Retirement of Cumulative Preferred Stock (71,773) (71,773)
Retirement of Long-term Debt (80,000) (80,000)
Dividends Paid on Common Stock (71,900) 13 699 (72,599)
Dividends Paid on Cumulative Preferred Stock (12,812) (12,812)
Net Cash Flows Used For Financing Activities (114,634) 799 (115,433)
Net Increase (Decrease) in Cash and Cash Equivalents (3,488) 0 (3,488)
Cash and Cash Equivalents January 1 14,065 14,065
Cash and Cash Equivalents December 31 $10,577 $0 $10,577
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $78,046 $78,046
Income Taxes Paid $57,896 $57,896
Noncash Acquisitions Under Capital Leases $9,094 $9,094
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
CSPCo COLM CCPC SIMCo
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income $110,616 $272 $70 $199
Adjustments for Noncash Items:
Depreciation and Amortization 84,948 18 106
Deferred Federal Income Taxes 2,887 44 (17)
Deferred Investment Tax Credits (3,477) (6)
Equity in Undistributed Earnings of Affiliated Companies 158
Deferred Operating Expenses and Carrying
Charges (net of amortization) 29,150
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (11,955) 1 8 7
Fuel, Materials and Supplies 5,174 (26)
Accrued Utility Revenues (8,794)
Accounts Payable 2,940 (28) 12 (32)
Taxes Accrued 6,731 (4) (32) 36
Other (net) (11,821) 170 (77)
Net Cash Flows From (Used For) Operating Activities 206,557 411 17 293
INVESTING ACTIVITIES:
Construction Expenditures (98,290) (39) (27)
Proceeds from Sale of Property and Other 2,923
Investment in Subsidiaries 100
Net Cash Flows Used For Investing Activities (95,267) 0 (39) (27)
FINANCING ACTIVITIES:
Capital Contributions From (Returned to) Parent Company 15,000 (100)
Issuance of Long-term Debt 72,526
Change in Short-term Debt (net) 34,325
Retirement of Cumulative Preferred Stock (71,773)
Retirement of Long-term Debt (80,000)
Dividends Paid on Common Stock (71,900) (500) (199)
Dividends Paid on Cumulative Preferred Stock (12,812)
Net Cash Flows Used For Financing Activities (114,634) (500) 0 (299)
Net Increase (Decrease) in Cash and Cash Equivalents (3,344) (89) (22) (33)
Cash and Cash Equivalents January 1 13,711 155 40 159
Cash and Cash Equivalents December 31 $10,367 $66 $18 $126
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $78,046
Income Taxes Paid $57,519 $221 $5 $151
Noncash Acquisitions Under Capital Leases $9,053 $41
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
I&M ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $141,092 17 ($3,511) $144,603
Adjustments for Noncash Items:
Depreciation and Amortization 148,441 148,441
Deferred Federal Income Taxes (23,564) (23,564)
Deferred Investment Tax Credits (9,004) (9,004)
Equity in Undistributed Earnings of Affiliated Companies 0 17 3,511 (3,511)
Deferred Operating Expenses and Carrying
Charges (net of amortization) 24,328 24,328
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) 4,121 18 (11) 4,132
Fuel, Materials and Supplies (6,255) (6,255)
Accrued Utility Revenues (3,355) (3,355)
Accounts Payable (2,431) 18 (46) (2,385)
Taxes Accrued 8,075 8,075
Other (net) (41,832) 18 57 (41,889)
Net Cash Flows From Operating Activities 239,616 0 239,616
INVESTING ACTIVITIES:
Construction Expenditures (117,785) (117,785)
Proceeds from Sales of Property and Other 9,325 9,325
Investment in Subsidiaries 0 19 (6,200) 6,200
Net Cash Flows From (Used For) Investing Activities (108,460) (6,200) (102,260)
FINANCING ACTIVITIES:
Issuance of Long-term Debt 96,819 96,819
Change in Short-term Debt (net) 39,375 39,375
Retirement of Long-term Debt (141,122) 19 6,200 (147,322)
Dividends Paid on Common Stock (110,852) (110,852)
Dividends Paid on Cumulative Preferred Stock (11,560) (11,560)
Net Cash Flows Used For Financing Activities (127,340) 6,200 (133,540)
Net Increase (Decrease) in Cash and Cash Equivalents 3,816 3,816
Cash and Cash Equivalents January 1 9,907 9,907
Cash and Cash Equivalents December 31 $13,723 $0 $13,723
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $71,457 $71,457
Income Taxes Paid (Received) $88,675 $88,675
Noncash Acquisitions Under Capital Leases $32,073 $32,073
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
I&M BHCCo PRCCo
<S> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income (Loss) $141,092 $3,511
Adjustments for Noncash Items:
Depreciation and Amortization 139,149 9,292
Deferred Federal Income Taxes (13,796) (9,768)
Deferred Investment Tax Credits (9,004)
Equity in Undistributed Earnings of Affiliated Companies (3,511)
Deferred Operating Expenses and Carrying
Charges (net of amortization) 24,328
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (4,032) 8,164
Fuel, Materials and Supplies (6,255)
Accrued Utility Revenues (3,355)
Accounts Payable (2,388) 3
Taxes Accrued (2,749) 10,824
Other (net) (27,655)(14,234)
Net Cash Flows From Operating Activities 231,824 7,792 0
INVESTING ACTIVITIES:
Construction Expenditures (117,785)
Proceeds from Sales of Property and Other 3,625 5,700
Investment in Subsidiaries 6,200
Net Cash Flows From (Used For) Investing Activities (107,960) 5,700 0
FINANCING ACTIVITIES:
Issuance of Long-term Debt 96,819
Change in Short-term Debt (net) 39,375
Retirement of Long-term Debt (141,122) (6,200)
Dividends Paid on Common Stock (110,852)
Dividends Paid on Cumulative Preferred Stock (11,560)
Net Cash Flows Used For Financing Activities (127,340) (6,200) 0
Net Increase (Decrease) in Cash and Cash Equivalents (3,476) 7,292
Cash and Cash Equivalents January 1 9,862 45
Cash and Cash Equivalents December 31 $6,386 $7,337 $0
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $71,457
Income Taxes Paid (Received) $84,701 $3,979 ($5)
Noncash Acquisitions Under Capital Leases $32,073
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION> JOURNAL ELIMINATIONS
OPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income $189,447 20 ($14,387) $203,834
Adjustments for Noncash Items:
Depreciation and Amortization 154,915 22 (1) 154,916
Deferred Federal Income Taxes 29,573 29,573
Deferred Investment Tax Credits (3,570) (3,570)
Equity in Undistributed Earnings of Affiliated Companies 0 20 (11,312) 11,312
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (41,631) 21,22 (4,519) (37,112)
Fuel, Materials and Supplies 7,451 7,451
Accrued Utility Revenues (11,325) (11,325)
Accounts Payable (19,852) 21,22 4,637 (24,489)
Taxes Accrued 4,905 4,905
Other (net) 32,540 21,22 (117) 32,657
Net Cash Flows From (Used for) Operating Activities 342,453 (25,699) 368,152
INVESTING ACTIVITIES:
Construction Expenditures (122,132) (122,132)
Proceeds from Sales of Property and Other 4,241 4,241
Investment in Subsidiaries 0 0
Net Cash Flows From (Used for) Investing Activities (117,891) 0 (117,891)
FINANCING ACTIVITIES:
Issuance of Long-term Debt 82,331 82,331
Change in Short-term Debt (net) (7,835) 22 (1) (7,834)
Retirement of Cumulative Preferred Stock (86,917) (86,917)
Retirement of Long-term Debt (44,348) (44,348)
Dividends Paid on Common Stock (139,428) 20 25,699 (165,127)
Dividends Paid on Cumulative Preferred Stock (15,065) (15,065)
Net Cash Flows From (Used For) Financing Activities (211,262) 25,698 (236,960)
Net Increase (Decrease) in Cash and Cash Equivalents 13,300 (1) 13,301
Cash and Cash Equivalents January 1 30,700 1 30,699
Cash and Cash Equivalents December 31 $44,000 $0 $44,000
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $93,126 22,23 ($62) $93,188
Income Taxes Paid $65,629 $65,629
Noncash Acquisitions Under Capital Leases $31,799 $31,799
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
Year Ended December 31, 1995
(in thousands)
<CAPTION>
OPCo COCCo SOCCo WCCo
<S> <C> <C> <C> <C>
OPERATING ACTIVITIES:
Net Income $189,447 $2,656 $10,368 $1,363
Adjustments for Noncash Items:
Depreciation and Amortization 135,883 3,315 13,294 2,424
Deferred Federal Income Taxes 33,447 1,312 (3,312) (1,874)
Deferred Investment Tax Credits (3,570)
Equity in Undistributed Earnings of Affiliated Companies 11,312
Changes in Certain Current Assets and Liabilities:
Accounts Receivable (net) (34,764) (391) 3,413 (5,370)
Fuel, Materials and Supplies 11,197 (1,751) (2,458) 463
Accrued Utility Revenues (11,325)
Accounts Payable (23,453) (811) (1,896) 1,671
Taxes Accrued 7,329 (1,831) (689) 96
Other (net) 13,042 7,366 7,826 4,423
Net Cash Flows From (Used for) Operating Activities 328,545 9,865 26,546 3,196
INVESTING ACTIVITIES:
Construction Expenditures (120,756) (153) (1,078) (145)
Proceeds from Sales of Property and Other 3,281 68 892
Investment in Subsidiaries
Net Cash Flows From (Used for) Investing Activities (117,475) (85) (186) (145)
FINANCING ACTIVITIES:
Issuance of Long-term Debt 82,176 18 137
Change in Short-term Debt (net) (7,750) (18) (66)
Retirement of Cumulative Preferred Stock (86,917)
Retirement of Long-term Debt (43,618) (104) (626)
Dividends Paid on Common Stock (139,428) (3,004) (20,194) (2,501)
Dividends Paid on Cumulative Preferred Stock (15,065)
Net Cash Flows From (Used For) Financing Activities (210,602) (3,108) (20,194) (3,056)
Net Increase (Decrease) in Cash and Cash Equivalents 468 6,672 6,166 (5)
Cash and Cash Equivalents January 1 4,287 6,025 20,369 18
Cash and Cash Equivalents December 31 $4,755 $12,697 $26,535 $13
Supplemental Disclosure:
Interest Paid (net of capitalized amounts) $86,924 $55 $6,196 $13
Income Taxes Paid $51,076 $1,858 $9,494 $3,201
Noncash Acquisitions Under Capital Leases $19,048 $4,025 $8,642 $84
See Note to Consolidating Financial Statements on Page C-1
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
AEP ENTRY AND COMBINED APCO
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP CONSOLIDATED
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings January 1 $1,325,581 ($1,049,612) $2,375,193 $1,325,581 $206,361
Net Income 529,903 A (593,390) 1,123,293 529,903 115,900
1,855,484 (1,643,002) 3,498,486 1,855,484 322,261
Deductions:
Cash Dividends Declared on Common Stock:
American Electric Power Company, Inc.
($2.40 per Share) 445,831 445,831 445,831
Subsidiary Companies 0 B (467,100) 467,100 106,836
Cash Dividends Declared on Cumulative
Preferred Stocks 0 B (53,507) 53,507 15,673
Other 8 C (1,272) 1,280 8 731
Retained Earnings December 31 $1,409,645 C ($1,121,123) $2,530,768 $1,409,645 $199,021
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
CSPCo I&M OPCo
CONSOLIDATED CONSOLIDATED KEPCo KGPCo CONSOLIDATED WPCo
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings January 1 $46,976 $216,658 $89,173 $6,882 $483,222 $6,016
Net Income 110,616 141,092 25,128 2,034 189,447 2,869
157,592 357,750 114,301 8,916 672,669 8,885
Deductions:
Cash Dividends Declared on Common Stock:
American Electric Power Company, Inc.
($2.40 per Share)
Subsidiary Companies 71,900 110,852 22,920 1,848 139,428 2,316
Cash Dividends Declared on Cumulative
Preferred Stocks 11,209 11,560 15,065
Other 163 231 147
Retained Earnings December 31 $74,320 $235,107 $91,381 $7,068 $518,029 $6,569
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
AEPENS AEGCo AEPINV AEPRES AEPRI AEPSC CCCo COpCo FRECo IFRI
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Retained Earnings January 1 ($1,863) $4,268 ($8,210) ($59) ($4) $172 $20
Net Income (1,811) 8,687 (191) (288) (93)
(3,674) 12,955 (8,401) (347) (97) 0 0 172 20 0
Deductions:
Cash Dividends Declared on Common Stock:
American Electric Power Company, Inc.
($2.40 per Share)
Subsidiary Companies 11,000
Cash Dividends Declared on Cumulative
Preferred Stocks
Other
Retained Earnings December 31 ($3,674) $1,955 ($8,401) ($347) ($97) $0 $0 $172 $20 $0
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
APCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo
<S> <C> <C> <C> <C> <C>
Retained Earnings January 1 $206,361 $2,505 $203,856 $206,361
Net Income 115,900 A 5,837 110,063 115,900
322,261 8,342 313,919 322,261
Deductions:
Cash Dividends Declared on Common Stock 106,836 B 106,836 106,836
Cash Dividends Declared on Cumulative
Preferred Stocks 15,673 15,673 15,673
Other 731 731 731
Retained Earnings December 31 $199,021 C $8,342 $190,679 $199,021
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
CeCCo CACCo SACCo WVPCo
<S> <C> <C> <C> <C>
Retained Earnings January 1 ($3,171)($362) $999 $29
Net Income (542) (28) (5,271) 4
(3,713) (390) (4,272) 33
Deductions:
Cash Dividends Declared on Common Stock
Cash Dividends Declared on Cumulative
Preferred Stocks
Other
Retained Earnings December 31 ($3,713)($390) ($4,272) $33
See Note to Consolidating Financial Statements on Pgae C-1
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
CSPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo
<S> <C> <C> <C> <C> <C>
Retained Earnings January 1 $46,976 ($2,229) $49,205 $46,976
Net Income 110,616 A (541) 111,157 110,616
157,592 (2,770) 160,362 157,592
Deductions:
Cash Dividends Declared on Common Stock 71,900 B (699) 72,599 71,900
Cash Dividends Declared on Cumulative
Preferred Stocks 11,209 11,209 11,209
Other 163 163 163
Retained Earnings December 31 $74,320 C ($2,071) $76,391 $74,320
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
COLM CCPC SIMCo
<S> <C> <C> <C>
Retained Earnings January 1 $1,458 $610 $161
Net Income 272 70 199
1,730 680 360
Deductions:
Cash Dividends Declared on Common Stock 500 199
Cash Dividends Declared on Cumulative
Preferred Stocks
Other
Retained Earnings December 31 $1,230 $680 $161
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
I&M ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL I&M BHCCo PRCCo
<S> <C> <C> <C> <C> <C> <C>
Retained Earnings January 1 $216,658 ($9,788)$226,446 $216,658 $9,788 $0
Net Income 141,092 A (3,511) 144,603 141,092 3,511
357,750 (13,299) 371,049 357,750 13,299 0
Deductions:
Cash Dividends Declared on Common Stock 110,852 B 0 110,852 110,852 0
Cash Dividends Declared on Cumulative
Preferred Stocks 11,560 11,560 11,560
Other 231 231 231
Retained Earnings December 31 $235,107 C ($13,299)$248,406 $235,107 $13,299 $0
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
JOURNAL ELIMINATIONS
OPCo ENTRY AND COMBINED
CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo
<S> <C> <C> <C> <C> <C>
Retained Earnings January 1 $483,222 ($34,756)$517,978 $483,222
Net Income 189,447 A (14,387) 203,834 189,447
672,669 (49,143) 721,812 672,669
Deductions:
Cash Dividends Declared on Common Stock 139,428 B (25,699) 165,127 139,428
Cash Dividends Declared on Cumulative
Preferred Stocks 15,065 15,065 15,065
Other 147 147 147
Retained Earnings December 31 $518,029 C ($23,444)$541,473 $518,029
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
<CAPTION>
COCCo SOCCo WCCo
<S> <C> <C> <C>
Retained Earnings January 1 $348 $33,025 $1,383
Net Income 2,656 10,368 1,363
3,004 43,393 2,746
Deductions:
Cash Dividends Declared on Common Stock 3,004 20,194 2,501
Cash Dividends Declared on Cumulative
Preferred Stocks
Other
Retained Earnings December 31 $0 $23,199 $245
See Note to Consolidating Financial Statements on Page C-1.
A See Consolidating Statement of Income.
B See Consolidating Statement of Cash Flows.
C See Consolidating Balance Sheet.
</TABLE>
<PAGE>
Note to Consolidating Financial Statements.
Notes to financial statements are incorporated herein by reference to the
1995 Annual Report on Form 10-K filed by the respective companies reporting
to the Securities and Exchange Commission pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934.
C-1
<PAGE>
<PAGE>
CARDINAL OPERATING COMPANY
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
OPERATING EXPENSES:
Fuel. . . . . . . . . . . . . . . . . . . . . . . . . $173,304
Other Operation . . . . . . . . . . . . . . . . . . . 14,594
Maintenance . . . . . . . . . . . . . . . . . . . . . 18,261
Taxes Other Than Federal Income Taxes . . . . . . . . 1,126
TOTAL OPERATING EXPENSES. . . . . . . . . . . $207,285
REIMBURSED BY:
Ohio Power Company. . . . . . . . . . . . . . . . . . $ 98,424
Buckeye Power, Inc. . . . . . . . . . . . . . . . . . 108,861
TOTAL . . . . . . . . . . . . . . . . . . . . $207,285
RETAINED EARNINGS . . . . . . . . . . . . . . . . . . . None
<PAGE>
<PAGE>
CARDINAL OPERATING COMPANY
BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
ASSETS
INVESTMENTS . . . . . . . . . . . . . . . . . . . . . . $ 3
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . . . . 18
Accounts Receivable:
Affiliated Companies. . . . . . . . . . . . . . . . 24,865
Miscellaneous . . . . . . . . . . . . . . . . . . . 130
Other . . . . . . . . . . . . . . . . . . . . . . . . 110
TOTAL CURRENT ASSETS. . . . . . . . . . . . . 25,123
DEFERRED CHARGES:
Other Work in Progress. . . . . . . . . . . . . . . . 1,713
Other . . . . . . . . . . . . . . . . . . . . . . . . 468
TOTAL DEFERRED CHARGES. . . . . . . . . . . . 2,181
TOTAL . . . . . . . . . . . . . . . . . . . $27,307
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock - Par Value $1:
Authorized - 500 Shares
Outstanding - 500 Shares. . . . . . . . . . . . . . $ 1
Advances from Affiliated Companies. . . . . . . . . . 400
TOTAL CAPITALIZATION. . . . . . . . . . . . . 401
OTHER NONCURRENT LIABILITIES. . . . . . . . . . . . . . 1,920
CURRENT LIABILITIES:
Accounts Payable:
General . . . . . . . . . . . . . . . . . . . . . . 10,187
Affiliated Companies. . . . . . . . . . . . . . . . 11,012
Other . . . . . . . . . . . . . . . . . . . . . . . . 3,786
TOTAL CURRENT LIABILITIES . . . . . . . . . . 24,985
DEFERRED CREDITS. . . . . . . . . . . . . . . . . . . . 1
TOTAL . . . . . . . . . . . . . . . . . . . $27,307
<PAGE>
<PAGE>
INDIANA-KENTUCKY ELECTRIC CORPORATION
STATEMENT OF INCOME AND RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
OPERATING REVENUES. . . . . . . . . . . . . . . . . . . $147,837
OPERATING EXPENSES:
Fuel. . . . . . . . . . . . . . . . . . . . . . . . . 109,922
Other Operation . . . . . . . . . . . . . . . . . . . 16,239
Maintenance . . . . . . . . . . . . . . . . . . . . . 13,964
Depreciation. . . . . . . . . . . . . . . . . . . . . 3,590
Taxes Other Than Federal Income Taxes . . . . . . . . 4,193
TOTAL OPERATING EXPENSES. . . . . . . . . . . 147,908
OPERATING LOSS. . . . . . . . . . . . . . . . . . . . . (71)
NONOPERATING INCOME . . . . . . . . . . . . . . . . . . 72
INCOME BEFORE INTEREST CHARGES. . . . . . . . . . . . . 1
INTEREST CHARGES. . . . . . . . . . . . . . . . . . . . 1
NET INCOME AND RETAINED EARNINGS. . . . . . . . . . . . None
<PAGE>
<PAGE>
INDIANA-KENTUCKY ELECTRIC CORPORATION
BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
ASSETS
ELECTRIC UTILITY PLANT:
Electric Plant (at cost). . . . . . . . . . . . . . . $384,902
Construction Work in Progress . . . . . . . . . . . . 5,731
Total Electric Utility Plant. . . . . . . . . 390,633
Accumulated Depreciation and Amortization . . . . . . 310,070
NET ELECTRIC UTILITY PLANT. . . . . . . . . . 80,563
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . . . . 378
Accounts Receivable . . . . . . . . . . . . . . . . . 356
Coal in Storage - at average cost . . . . . . . . . . 10,645
Materials and Supplies - at average cost. . . . . . . 8,120
Coal Sold Under Agreement to Repurchase . . . . . . . 11,000
Prepayments and Other . . . . . . . . . . . . . . . . 383
TOTAL CURRENT ASSETS. . . . . . . . . . . . . 30,882
DEFERRED CHARGES:
Future Federal Income Tax Benefits. . . . . . . . . . 46,988
Deferred Depreciation . . . . . . . . . . . . . . . . 2,365
Other . . . . . . . . . . . . . . . . . . . . . . . . 20
TOTAL DEFERRED CHARGES. . . . . . . . . . . . 49,373
TOTAL . . . . . . . . . . . . . . . . . . . $160,818
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock, No Par Value
Authorized - 100,000 Shares
Outstanding - 17,000 Shares . . . . . . . . . . . . $ 3,400
CURRENT LIABILITIES:
Accounts Payable. . . . . . . . . . . . . . . . . . . 12,012
Coal Repurchase Obligation. . . . . . . . . . . . . . 11,000
Taxes Accrued . . . . . . . . . . . . . . . . . . . . 2,943
Interest Accrued and Other. . . . . . . . . . . . . . 279
TOTAL CURRENT LIABILITIES . . . . . . . . . . 26,234
AMOUNTS DUE TO CUSTOMERS FOR FEDERAL INCOME TAXES . . . 46,988
ADVANCES FROM PARENT COMPANY FOR CONSTRUCTION . . . . . 76,232
DEFERRED CREDITS. . . . . . . . . . . . . . . . . . . . 7,964
TOTAL . . . . . . . . . . . . . . . . . . . $160,818
<PAGE>
<PAGE>
INDIANA-KENTUCKY ELECTRIC CORPORATION
STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
OPERATING ACTIVITIES:
Net Income. . . . . . . . . . . . . . . . . . . . . . $ -
Adjustments for Noncash Items:
Depreciation. . . . . . . . . . . . . . . . . . . . 3,590
Changes in Certain Current Assets and Liabilities:
Accounts Receivable . . . . . . . . . . . . . . . 4,662
Coal, Materials and Supplies. . . . . . . . . . . (8,151)
Accounts Payable. . . . . . . . . . . . . . . . . 1,581
Other (net) . . . . . . . . . . . . . . . . . . . . 283
Net Cash Flows From Operating Activities . . . . 1,965
INVESTING ACTIVITIES:
Construction Expenditures . . . . . . . . . . . . . . (11,931)
Reimbursement for Plant Replacements and
Additional Facilities. . . . . . . . . . . . . . . . 1,776
Advances Returned to Parent . . . . . . . . . . . . . (2,593)
Net Cash Flows Used For Investing Activities . . (12,748)
FINANCING ACTIVITIES -
Coal Repurchase Obligation. . . . . . . . . . . . . . 11,000
Net Increase in Cash and Cash Equivalents . . . . . . 217
Cash and Cash Equivalents January 1 . . . . . . . . . 161
Cash and Cash Equivalents December 31 . . . . . . . . $ 378
Supplemental Disclosure:
Interest Paid (net of capitalized amounts). . . . . . $520
<PAGE>
<PAGE>
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 1995
(in thousands)
OPERATING REVENUES. . . . . . . . . . . . . . . . . . . $299,562
OPERATING EXPENSES:
Fuel. . . . . . . . . . . . . . . . . . . . . . . . . 95,485
Purchased Power . . . . . . . . . . . . . . . . . . . 151,770
Other Operation . . . . . . . . . . . . . . . . . . . 19,594
Maintenance . . . . . . . . . . . . . . . . . . . . . 15,380
Taxes Other Than Federal Income Taxes . . . . . . . . 5,228
Federal Income Taxes. . . . . . . . . . . . . . . . . 2,929
TOTAL OPERATING EXPENSES. . . . . . . . . . . 290,386
OPERATING INCOME. . . . . . . . . . . . . . . . . . . . 9,176
NONOPERATING LOSS . . . . . . . . . . . . . . . . . . . (693)
INCOME BEFORE INTEREST CHARGES. . . . . . . . . . . . . 8,483
INTEREST CHARGES. . . . . . . . . . . . . . . . . . . . 6,306
NET INCOME. . . . . . . . . . . . . . . . . . . . . . . $ 2,177
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
RETAINED EARNINGS JANUARY 1 . . . . . . . . . . . . . . $ 939
NET INCOME. . . . . . . . . . . . . . . . . . . . . . . 2,177
CASH DIVIDENDS DECLARED . . . . . . . . . . . . . . . . 1,510
RETAINED EARNINGS DECEMBER 31 . . . . . . . . . . . . . $1,606
<PAGE>
<PAGE>
OHIO VALLEY ELECTRIC CORPORATION
BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
ASSETS
ELECTRIC UTILITY PLANT:
Electric Plant (at cost). . . . . . . . . . . . . . . $268,916
Construction Work in Progress . . . . . . . . . . . . 2,208
Total Electric Utility Plant. . . . . . . . . 271,124
Accumulated Depreciation and Amortization . . . . . . 265,364
NET ELECTRIC UTILITY PLANT. . . . . . . . . . 5,760
INVESTMENTS AND OTHER . . . . . . . . . . . . . . . . . 81,565
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . . . . 4,402
Accounts Receivable . . . . . . . . . . . . . . . . . 21,852
Coal in Storage - at average cost . . . . . . . . . . 1,363
Materials and Supplies - at average cost. . . . . . . 11,018
Coal Sold Under Agreement to Repurchase . . . . . . . 10,000
Prepayments and Other . . . . . . . . . . . . . . . . 4,147
TOTAL CURRENT ASSETS. . . . . . . . . . . . . 52,782
FUTURE FEDERAL INCOME TAX BENEFITS. . . . . . . . . . . 11,994
REGULATORY ASSETS . . . . . . . . . . . . . . . . . . . 43,834
DEFERRED CHARGES. . . . . . . . . . . . . . . . . . . . 617
TOTAL . . . . . . . . . . . . . . . . . . . $196,552
<PAGE>
<PAGE>
OHIO VALLEY ELECTRIC CORPORATION
BALANCE SHEET
DECEMBER 31, 1995
(in thousands)
CAPITALIZATION AND LIABILITIES
SHAREHOLDERS' EQUITY:
Common Stock - Par Value $100:
Authorized - 300,000 Shares
Outstanding - 100,000 Shares. . . . . . . . . . . . $ 10,000
Retained Earnings . . . . . . . . . . . . . . . . . . 1,606
Total Shareowners' Equity . . . . . . . . . . 11,606
Long-term Debt - Notes Payable. . . . . . . . . . . . 70,728
TOTAL CAPITALIZATION. . . . . . . . . . . . . 82,334
CURRENT LIABILITIES:
Long-term Debt Due Within One Year. . . . . . . . . . 14,682
Coal Purchase Obligation. . . . . . . . . . . . . . . 10,000
Accounts Payable. . . . . . . . . . . . . . . . . . . 8,192
Taxes Accrued . . . . . . . . . . . . . . . . . . . . 7,837
Interest Accrued and Other. . . . . . . . . . . . . . 2,525
TOTAL CURRENT LIABILITIES . . . . . . . . . . 43,236
INVESTMENT TAX CREDITS. . . . . . . . . . . . . . . . . 10,610
POSTRETIREMENT BENEFIT OBLIGATION . . . . . . . . . . . 33,485
AMOUNTS DUE TO CUSTOMERS FOR FEDERAL INCOME TAXES . . . 13,074
OTHER REGULATORY LIABILITIES AND DEFERRED CREDITS . . . 13,813
TOTAL . . . . . . . . . . . . . . . . . . . $196,552
<PAGE>
<PAGE>
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 1995
(in thousands)
OPERATING ACTIVITIES:
Net Income. . . . . . . . . . . . . . . . . . . . . . $ 2,177
Adjustments for Noncash Items:
Future Federal Income Tax Benefits. . . . . . . . . 1,463
Changes in Certain Current Assets and Liabilities:
Accounts Receivable . . . . . . . . . . . . . . . (9,272)
Coal, Materials and Supplies. . . . . . . . . . . 7,771
Accounts Payable. . . . . . . . . . . . . . . . . (7,178)
Other (net) . . . . . . . . . . . . . . . . . . . . 3,763
Net Cash Flows Used For Operating Activities . . (1,276)
INVESTING ACTIVITIES:
Construction Expenditures . . . . . . . . . . . . . . (3,387)
Reimbursement for Plant Replacements and
Additional Facilities. . . . . . . . . . . . . . . . 3,303
Advances Returned from Subsidiary . . . . . . . . . . 2,593
Net Cash Flows From Investing Activities . . . . 2,509
FINANCING ACTIVITIES:
Special Funds Held by Trustees. . . . . . . . . . . . 10,623
Retirement of Long-term Debt. . . . . . . . . . . . . (4,090)
Change in Short-term Debt (net) . . . . . . . . . . . (22,500)
Coal Repurchase Obligation. . . . . . . . . . . . . . 10,000
Dividends Paid. . . . . . . . . . . . . . . . . . . . (1,510)
Net Cash Flows Used For Financing Activities . . (7,477)
Net Decrease in Cash and Cash Equivalents . . . . . . (6,244)
Cash and Cash Equivalents January 1 . . . . . . . . . 10,646
Cash and Cash Equivalents December 31 . . . . . . . . $ 4,402
Supplemental Disclosure:
Interest Paid (net of capitalized amounts). . . . . . $7,105
Income Taxes Received . . . . . . . . . . . . . . . . $ (427)
<PAGE>
<PAGE>
EXHIBIT A
Incorporation By Reference
Form 10K
Annual Report
Year File Number
AEP 1995 1-3525
AEGCo 1995 0-18135
APCo 1995 1-3457
CSPCo 1995 1-2680
I&M 1995 1-3570
KEPCo 1995 1-6858
OPCo 1995 1-6543
E
<PAGE>
<PAGE>
SIGNATURE
The undersigned system company has duly caused this annual
report to be signed on its behalf by the undersigned, thereunto duly
authorized, pursuant to the requirements of the Public Utility Holding
Company Act of 1935.
AMERICAN ELECTRIC POWER COMPANY, INC.
By /s/ G. P. Maloney
G. P. Maloney
Vice President
April 29, 1996
<PAGE>
<PAGE>
EXHIBIT INDEX
EXHIBIT B & C
The following exhibits have been filed with the Commission and, pursuant
to 17 C.F.R.<section>229.10(d) and <section>240.12b-32, are incorporated herein
by reference to the documents indicated in brackets following the descriptions
of such exhibits. Certain of the following exhibits, designated with an
asterisk (*), were filed with the Form 10-K Annual Report for 1995 and are also
incorporated by reference.
EXHIBIT NUMBER DESCRIPTION
AEGCO
3(a) - Copy of Articles of Incorporation of AEGCo [Registration Statement
on Form 10 for the Common Shares of AEGCo, File No. 0-18135,
Exhibit 3(a)].
3(b) - Copy of the Code of Regulations of AEGCo [Registration Statement
on Form 10 for the Common Shares of AEGCo, File No. 0-18135,
Exhibit 3(b)].
10(a) - Copy of Capital Funds Agreement dated as of December 30, 1988
between AEGCo and AEP [Registration Statement No. 33-32752,
Exhibit 28(a)].
10(b)(1) - Copy of Unit Power Agreement dated as of March 31, 1982 between
AEGCo and I&M, as amended [Registration Statement No. 33-32752,
Exhibits 28(b)(1)(A) and 28(b)(1)(B)].
10(b)(2) - Copy of Unit Power Agreement, dated as of August 1, 1984, among
AEGCo, I&M and KEPCo [Registration Statement No. 33-32752, Exhibit
28(b)(2)].
10(b)(3) - Copy of Agreement, dated as of October 1, 1984, among AEGCo, I&M,
APCo and Virginia Electric and Power Company [Registration
Statement No. 33-32752, Exhibit 28(b)(3)].
10(c) - Copy of Lease Agreements, dated as of December 1, 1989, between
AEGCo and Wilmington Trust Company, as amended [Registration
Statement No. 33-32752, Exhibits 28(c)(1)(C), 28(c)(2)(C),
28(c)(3)(C), 28(c)(4)(C), 28(c)(5)(C) and 28(c)(6)(C); Annual
Report on Form 10-K of AEGCo for the fiscal year ended December
31, 1993, File No. 0-18135, Exhibits 10(c)(1)(B), 10(c)(2)(B),
10(c)(3)(B), 10(c)(4)(B), 10(c)(5)(B) and 10(c)(6)(B)].
*13 - Copy of those portions of the AEGCo 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
AEP<double-dagger>
3(a) - Copy of Restated Certificate of Incorporation of AEP, dated April
26, 1978 [Registration Statement No. 2-62778, Exhibit 2(a)].
3(b)(1) - Copy of Certificate of Amendment of the Restated Certificate of
Incorporation of AEP, dated April 23, 1980 [Registration Statement
No. 33-1052, Exhibit 4(b)].
3(b)(2) - Copy of Certificate of Amendment of the Restated Certificate of
Incorporation of AEP, dated April 28, 1982 [Registration Statement
No. 33-1052, Exhibit 4(c)].
3(b)(3) - Copy of Certificate of Amendment of the Restated Certificate of
Incorporation of AEP, dated April 25, 1984 [Registration Statement
No. 33-1052, Exhibit 4(d)].
3(b)(4) - Copy of Certificate of Change of the Restated Certificate of
Incorporation of AEP, dated July 5, 1984 [Registration Statement
No. 33-1052, Exhibit 4(e)].
3(b)(5) - Copy of Certificate of Amendment of the Restated Certificate of
Incorporation of AEP, dated April 27, 1988 [Registration Statement
No. 33-1052, Exhibit 4(f)].
3(c) - Composite copy of the Restated Certificate of Incorporation of
AEP, as amended [Registration Statement No. 33-1052, Exhibit
4(g)].
3(d) - Copy of By-Laws of AEP, as amended through July 26, 1989 [Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1989, File No. 1-3525, Exhibit 3(d)].
10(a) - Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo,
KEPCo, OPCo and I&M and with the Service Corporation, as amended
[Registration Statement No. 2-52910, Exhibit 5(a); Registration
Statement No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-
K of AEP for the fiscal year ended December 31, 1990, File No. 1-
3525, Exhibit 10(a)(3)].
10(b) - Copy of Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KEPCo, OPCo and with the Service Corporation as agent,
as amended [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and
Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
<dagger>10(c)(1)-AEP Deferred Compensation Agreement for certain executive
officers [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(e)].
<dagger>10(c)(2)-Amendment to AEP Deferred Compensation Agreement for certain
executive officers [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1986, File No. 1-3525, Exhibit
10(d)(2)].
<dagger>10(d)-AEP Deferred Compensation Agreement for directors, as amended,
effective October 24, 1984 [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 1984, File No. 1-3525, Exhibit
10(e)].
<dagger>10(e)-AEP Accident Coverage Insurance Plan for directors [Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1985, File No. 1-3525, Exhibit 10(g)].
<dagger>10(f)-AEP Retirement Plan for directors [Annual Report on Form 10-K of
AEP for the fiscal year ended December 31, 1986, File No. 1-3525,
Exhibit 10(g)].
*<dagger>10(g)(1)(A)-AEP Excess Benefit Plan, as amended through January 4,
1996.
<dagger>10(g)(1)(B)-Guaranty by AEP of the Service Corporation Excess Benefits
Plan [Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1990, File No. 1-3525, Exhibit 10(h)(1)(B)].
<dagger>10(g)(2)-AEP System Supplemental Savings Plan (Non-Qualified) [Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1993, File No. 1-3525, Exhibit 10(g)(2)].
<dagger>10(g)(3)-Service Corporation Umbrella Trust<trademark> for Executives
[Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1993, File No. 1-3525, Exhibit 10(g)(3)].
<dagger>10(h)(1)-Employment Agreement between E. Linn Draper, Jr. and AEP and
the Service Corporation [Annual Report on Form 10-K of AEGCo for
the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit
10(g)(3)].
*<dagger>10(i)(1)-AEP Management Incentive Compensation Plan.
<dagger>10(i)(2)-American Electric Power System Performance Share Incentive
Plan, as Amended and Restated through October 1, 1995 [Quarterly
Report on Form 10-Q of AEP for the quarterly period ended
September 30, 1995, File No. 1-3525, Exhibit 10].
10(j) - Copy of Lease Agreements, dated as of December 1, 1989, between
AEGCo or I&M and Wilmington Trust Company, as amended
[Registration Statement No. 33-32752, Exhibits 28(c)(1)(C),
28(c)(2)(C), 28(c)(3)(C), 28(c)(4)(C), 28(c)(5)(C) and
28(c)(6)(C); Registration Statement No. 33-32753, Exhibits
28(a)(1)(C), 28(a)(2)(C), 28(a)(3)(C), 28(a)(4)(C), 28(a)(5)(C)
and 28(a)(6)(C); and Annual Report on Form 10-K of AEGCo for the
fiscal year ended December 31, 1993, File No. 0-18135, Exhibits
10(c)(1)(B), 10(c)(2)(B), 10(c)(3)(B), 10(c)(4)(B), 10(c)(5)(B)
and 10(c)(6)(B); Annual Report on Form 10-K of I&M for the fiscal
year ended December 31, 1993, File No. 1-3570, Exhibits
10(e)(1)(B), 10(e)(2)(B), 10(e)(3)(B), 10(e)(4)(B), 10(e)(5)(B)
and 10(e)(6)(B)].
10(k)(1) - Copy of Agreement for Lease, dated as of September 17, 1992,
between JMG Funding, Limited Partnership and OPCo [Annual Report
on Form 10-K of OPCo for the fiscal year ended December 31, 1992,
File No. 1-6543, Exhibit 10(l)].
10(k)(2) - Lease Agreement between Ohio Power Company and JMG Funding,
Limited, dated January 20, 1995 [Annual Report on Form 10-K of
OPCo for the fiscal year ended December 31, 1994, File No. 1-6543,
Exhibit 10(l)(2)].
10(l) - Interim Allowance Agreement, dated July 28, 1994, among APCo,
CSPCo, I&M, KEPCo, OPCo and the Service Corporation [Annual Report
on Form 10-K of APCo for the fiscal year ended December 31, 1994,
File No. 1-3457, Exhibit 10(d)].
*13 - Copy of those portions of the AEP 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
*21 - List of subsidiaries of AEP.
*23 - Consent of Deloitte & Touche LLP.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
APCO<double-dagger>
EXHIBIT NUMBER DESCRIPTION
3(a) - Copy of Restated Articles of Incorporation of APCo, and amendments
thereto to November 4, 1993 [Registration Statement No. 33-50163,
Exhibit 4(a); Registration Statement No. 33-53805, Exhibits 4(b)
and 4(c)].
3(b) - Copy of Articles of Amendment to the Restated Articles of
Incorporation of APCo, dated June 6, 1994 [Annual Report on Form
10-K of APCo for the fiscal year ended December 31, 1994, File No.
1-3457, Exhibit 3(b)].
3(c) - Composite copy of the Restated Articles of Incorporation of APCo,
as amended [Annual Report on Form 10-K of APCo for the fiscal year
ended December 31, 1994, File No. 1-3457, Exhibit 3(c)].
*3(d) - Copy of By-Laws of APCo (amended as of January 1, 1996).
4(a) - Copy of Mortgage and Deed of Trust, dated as of December 1, 1940,
between APCo and Bankers Trust Company and R. Gregory Page, as
Trustees, as amended and supplemented [Registration Statement No.
2-7289, Exhibit 7(b); Registration Statement No. 2-19884, Exhibit
2(1); Registration Statement No. 2-24453, Exhibit 2(n);
Registration Statement No. 2-60015, Exhibits 2(b)(2), 2(b)(3),
2(b)(4), 2(b)(5), 2(b)(6), 2(b)(7), 2(b)(8), 2(b)(9), 2(b)(10),
2(b)(12), 2(b)(14), 2(b)(15), 2(b)(16), 2(b)(17), 2(b)(18),
2(b)(19), 2(b)(20), 2(b)(21), 2(b)(22), 2(b)(23), 2(b)(24),
2(b)(25), 2(b)(26), 2(b)(27) and 2(b)(28); Registration Statement
No. 2-64102, Exhibit 2(b)(29); Registration Statement No. 2-66457,
Exhibits (2)(b)(30) and 2(b)(31); Registration Statement No. 2-
69217, Exhibit 2(b)(32); Registration Statement No. 2-86237,
Exhibit 4(b); Registration Statement No. 33-11723, Exhibit 4(b);
Registration Statement No. 33-17003, Exhibit 4(a)(ii),
Registration Statement No. 33-30964, Exhibit 4(b); Registration
Statement No. 33-40720, Exhibit 4(b); Registration Statement No.
33-45219, Exhibit 4(b); Registration Statement No. 33-46128,
Exhibits 4(b) and 4(c); Registration Statement No. 33-53410,
Exhibit 4(b); Registration Statement No. 33-59834, Exhibit 4(b);
Registration Statement No. 33-50229, Exhibits 4(b) and 4(c);
Registration Statement No. 33-58431, Exhibits 4(b), 4(c), 4(d) and
4(e); Registration Statement No. 333-01049, Exhibits 4(b) and
4(c); Form 8-K, dated March 18, 1996, File No. 1-3457, Exhibit 4].
10(a)(1) - Copy of Power Agreement, dated October 15, 1952, between OVEC and
United States of America, acting by and through the United States
Atomic Energy Commission, and, subsequent to January 18, 1975, the
Administrator of the Energy Research and Development
Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit
5(a)(1)(B); Registration Statement No. 2-66301, Exhibit
5(a)(1)(C); Registration Statement No. 2-67728, Exhibit
5(a)(1)(D); Annual Report on Form 10-K of APCo for the fiscal year
ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and
Annual Report on Form 10-K of APCo for the fiscal year ended
December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) - Copy of Inter-Company Power Agreement, dated as of July 10, 1953,
among OVEC and the Sponsoring Companies, as amended [Registration
Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-
67728, Exhibit 5(a)(3)(B); and Annual Report on Form 10-K of APCo
for the fiscal year ended December 31, 1992, File No. 1-3457,
Exhibit 10(a)(2)(B)].
10(a)(3) - Copy of Power Agreement, dated July 10, 1953, between OVEC and
Indiana-Kentucky Electric Corporation, as amended [Registration
Statement No. 2-60015, Exhibit 5(e)].
10(b) - Copy of Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KEPCo, OPCo and I&M and with the Service Corporation, as
amended [Registration Statement No. 2-52910, Exhibit 5(a);
Registration Statement No. 2-61009, Exhibit 5(b); Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 1990, File
No. 1-3525, Exhibit 10(a)(3)].
10(c) - Copy of Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KEPCo, OPCo and with the Service Corporation as agent,
as amended [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(b); Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) - Copy of AEP System Interim Allowance Agreement, dated July 28,
1994, among APCo, CSPCo, I&M, KEPCo, OPCo and the Service
Corporation [Annual Report on Form 10-K of APCo for the fiscal
year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)].
<dagger>10(e)(1)-AEP Deferred Compensation Agreement for certain executive
officers [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(e)].
<dagger>10(e)(2)-Amendment to AEP Deferred Compensation Agreement for certain
executive officers [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1986, File No. 1-3525, Exhibit
10(d)(2)].
<dagger>10(f)(1)-Management Incentive Compensation Plan [Annual Report on Form
10-K of AEP for the fiscal year ended December 31, 1995, File No.
1-3525, Exhibit 10(i)(1)].
<dagger>10(f)(2)-American Electric Power System Performance Share Incentive
Plan [Quarterly Report on Form 10-Q of APCo for the quarterly
period ended September 30, 1995, File No. 1-3457, Exhibit 10].
<dagger>10(g)(1)-Excess Benefits Plan [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit
10(g)(1)(A)].
<dagger>10(g)(2)-AEP System Supplemental Savings Plan (Non-Qualified) [Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1993, File No. 1-3525, Exhibit 10(g)(2)].
<dagger>10(g)(3)-Umbrella Trust<trademark> for Executives [Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 1993, File
No. 1-3525, Exhibit 10(g)(3)].
<dagger>10(h)(1)-Employment Agreement between E. Linn Draper, Jr. and AEP and
the Service Corporation [Annual Report on Form 10-K of AEGCo for
the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit
10(g)(3)].
*12 - Statement re: Computation of Ratios.
*13 - Copy of those portions of the APCo 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
21 - List of subsidiaries of APCo [Annual Report on Form 10-K of AEP
for the fiscal year ended December 31, 1995, File No. 1-3525,
Exhibit 21].
*23 - Consent of Deloitte & Touche LLP.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
CSPCO<double-dagger>
3(a) - Copy of Amended Articles of Incorporation of CSPCo, as amended to
March 6, 1992 [Registration Statement No. 33-53377, Exhibit 4(a)].
3(b) - Copy of Certificate of Amendment to Amended Articles of
Incorporation of CSPCo, dated May 19, 1994 [Annual Report on Form
10-K of CSPCo for the fiscal year ended December 31, 1994, File
No. 1-2680, Exhibit 3(b)].
3(c) - Composite copy of Amended Articles of Incorporation of CSPCo, as
amended [Annual Report on Form 10-K of CSPCo for the fiscal year
ended December 31, 1994, File No. 1-2680, Exhibit 3(c)].
3(d) - Copy of Code of Regulations and By-Laws of CSPCo [Annual Report on
Form 10-K of CSPCo for the fiscal year ended December 31, 1987,
File No. 1-2680, Exhibit 3(d)].
4(a) - Copy of Indenture of Mortgage and Deed of Trust, dated September
1, 1940, between CSPCo and City Bank Farmers Trust Company (now
Citibank, N.A.), as trustee, as supplemented and amended
[Registration Statement No. 2-59411, Exhibits 2(B) and 2(C);
Registration Statement No. 2-80535, Exhibit 4(b); Registration
Statement No. 2-87091, Exhibit 4(b); Registration Statement No. 2-
93208, Exhibit 4(b); Registration Statement No. 2-97652, Exhibit
4(b); Registration Statement No. 33-7081, Exhibit 4(b);
Registration Statement No. 33-12389, Exhibit 4(b); Registration
Statement No. 33-19227, Exhibits 4(b), 4(e), 4(f), 4(g) and 4(h);
Registration Statement No. 33-35651, Exhibit 4(b); Registration
Statement No. 33-46859, Exhibits 4(b) and 4(c); Registration
Statement No. 33-50316, Exhibits 4(b) and 4(c); Registration
Statement No. 33-60336, Exhibits 4(b), 4(c) and 4(d); Registration
Statement No. 33-50447, Exhibits 4(b) and 4(c); Annual Report on
Form 10-K of CSPCo for the fiscal year ended December 31, 1993,
File No. 1-2680, Exhibit 4(b)].
10(a)(1) - Copy of Power Agreement, dated October 15, 1952, between OVEC and
United States of America, acting by and through the United States
Atomic Energy Commission, and, subsequent to January 18, 1975, the
Administrator of the Energy Research and Development
Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit
5(a)(1)(B); Registration Statement No. 2-66301, Exhibit
5(a)(1)(C); Registration Statement No. 2-67728, Exhibit
5(a)(1)(B); Annual Report on Form 10-K of APCo for the fiscal year
ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and
Annual Report on Form 10-K of APCo for the fiscal year ended
December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) - Copy of Inter-Company Power Agreement, dated July 10, 1953, among
OVEC and the Sponsoring Companies, as amended [Registration
Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-
67728, Exhibit 5(a)(3)(B); and Annual Report on Form 10-K of APCo
for the fiscal year ended December 31, 1992, File No. 1-3457,
Exhibit 10(a)(2)(B)].
10(a)(3) - Copy of Power Agreement, dated July 10, 1953, between OVEC and
Indiana-Kentucky Electric Corporation, as amended [Registration
Statement No. 2-60015, Exhibit 5(e)].
10(b) - Copy of Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KEPCo, OPCo and I&M and the Service Corporation, as amended
[Registration Statement No. 2-52910, Exhibit 5(a); Registration
Statement No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-
K of AEP for the fiscal year ended December 31, 1990, File No. 1-
3525, Exhibit 10(a)(3)].
10(c) - Copy of Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KEPCo, OPCo, and with the Service Corporation as
agent, as amended [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1985, File No. 1-3525, Exhibit
10(b); and Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1994, File No. 1-3457,
Exhibit 10(d)].
*12 - Statement re: Computation of Ratios.
*13 - Copy of those portions of the CSPCo 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
*23 - Consent of Deloitte & Touche LLP.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
I&M<double-dagger>
3(a) - Copy of the Amended Articles of Acceptance of I&M and amendments
thereto [Annual Report on Form 10-K of I&M for fiscal year ended
December 31, 1993, File No. 1-3570, Exhibit 3(a)].
3(b) - Composite Copy of the Amended Articles of Acceptance of I&M, as
amended [Annual Report on Form 10-K of I&M for fiscal year ended
December 31, 1993, File No. 1-3570, Exhibit 3(b)].
*3(c) - Copy of the By-Laws of I&M (amended as of January 1, 1996).
4(a) - Copy of Mortgage and Deed of Trust, dated as of June 1, 1939,
between I&M and Irving Trust Company (now The Bank of New York)
and various individuals, as Trustees, as amended and supplemented
[Registration Statement No. 2-7597, Exhibit 7(a); Registration
Statement No. 2-60665, Exhibits 2(c)(2), 2(c)(3), 2(c)(4),
2(c)(5), 2(c)(6), 2(c)(7), 2(c)(8), 2(c)(9), 2(c)(10), 2(c)(11),
2(c)(12), 2(c)(13), 2(c)(14), 2(c)(15), (2)(c)(16), and 2(c)(17);
Registration Statement No. 2-63234, Exhibit 2(b)(18); Registration
Statement No. 2-65389, Exhibit 2(a)(19); Registration Statement
No. 2-67728, Exhibit 2(b)(20); Registration Statement No. 2-85016,
Exhibit 4(b); Registration Statement No. 33-5728, Exhibit 4(c);
Registration Statement No. 33-9280, Exhibit 4(b); Registration
Statement No. 33-11230, Exhibit 4(b); Registration Statement No.
33-19620, Exhibits 4(a)(ii), 4(a)(iii), 4(a)(iv) and 4(a)(v);
Registration Statement No. 33-46851, Exhibits 4(b)(i), 4(b)(ii)
and 4(b)(iii); Registration Statement No. 33-54480, Exhibits
4(b)(i) and 4(b)(ii); Registration Statement No. 33-60886, Exhibit
4(b)(i); Registration Statement No. 33-50521, Exhibits 4(b)(i),
4(b)(ii) and 4(b)(iii); Annual Report on Form 10-K of I&M for
fiscal year ended December 31, 1993, File No. 1-3570, Exhibit
4(b); Annual Report on Form 10-K of I&M for fiscal year ended
December 31, 1994, File No. 1-3570, Exhibit 4(b)].
10(a)(1) - Copy of Power Agreement, dated October 15, 1952, between OVEC and
United States of America, acting by and through the United States
Atomic Energy Commission, and, subsequent to January 18, 1975, the
Administrator of the Energy Research and Development
Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit
5(a)(1)(B); Registration Statement No. 2-66301, Exhibit
5(a)(1)(C); Registration Statement No. 2-67728, Exhibit
5(a)(1)(D); Annual Report on Form 10-K of APCo for the fiscal year
ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and
Annual Report on Form 10-K of APCo for the fiscal year ended
December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) - Copy of Inter-Company Power Agreement, dated as of July 10, 1953,
among OVEC and the Sponsoring Companies, as amended [Registration
Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-
67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for
the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit
10(a)(2)(B)].
10(a)(3) - Copy of Power Agreement, dated July 10, 1953, between OVEC and
Indiana-Kentucky Electric Corporation, as amended [Registration
Statement No. 2-60015, Exhibit 5(e)].
10(b) - Copy of Interconnection Agreement, dated July 6, 1951, between
APCo, CSPCo, KEPCo, I&M, and OPCo and with the Service
Corporation, as amended [Registration Statement No. 2-52910,
Exhibit 5(a); Registration Statement No. 2-61009, Exhibit 5(b);
and Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1990, File No. 1-3525, Exhibit 10(a)(3)].
10(c) - Copy of Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KEPCo, OPCo and with the Service Corporation as agent,
as amended [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and
Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1994, File No. 1-3457,
Exhibit 10(d)].
10(e) - Copy of Nuclear Material Lease Agreement, dated as of December 1,
1990, between I&M and DCC Fuel Corporation [Annual Report on Form
10-K of I&M for the fiscal year ended December 31, 1993, File No.
1-3570, Exhibit 10(d)].
10(f) - Copy of Lease Agreements, dated as of December 1, 1989, between
I&M and Wilmington Trust Company, as amended [Registration
Statement No. 33-32753, Exhibits 28(a)(1)(C), 28(a)(2)(C),
28(a)(3)(C), 28(a)(4)(C), 28(a)(5)(C) and 28(a)(6)(C); Annual
Report on Form 10-K of I&M for the fiscal year ended December 31,
1993, File No. 1-3570, Exhibits 10(e)(1)(B), 10(e)(2)(B),
10(e)(3)(B), 10(e)(4)(B), 10(e)(5)(B) and 10(e)(6)(B)].
*12 - Statement re: Computation of Ratios
*13 - Copy of those portions of the I&M 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
21 - List of subsidiaries of I&M [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit
21].
*23 - Consent of Deloitte & Touche LLP.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
KEPCO
3(a) - Copy of Restated Articles of Incorporation of KEPCo [Annual Report
on Form 10-K of KEPCo for the fiscal year ended December 31, 1991,
File No. 1-6858, Exhibit 3(a)].
*3(b) - Copy of By-Laws of KEPCo (amended as of January 1, 1996).
4(a) - Copy of Mortgage and Deed of Trust, dated May 1, 1949, between
KEPCo and Bankers Trust Company, as supplemented and amended
[Registration Statement No. 2-65820, Exhibits 2(b)(1), 2(b)(2),
2(b)(3), 2(b)(4), 2(b)(5), and 2(b)(6); Registration Statement
No. 33-39394, Exhibits 4(b) and 4(c); Registration Statement No.
33-53226, Exhibits 4(b) and 4(c); Registration Statement No. 33-
61808, Exhibits 4(b) and 4(c), Registration Statement No. 33-
53007, Exhibits 4(b), 4(c) and 4(d)].
10(a) - Copy of Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KEPCo, I&M and OPCo and with the Service Corporation, as
amended [Registration Statement No. 2-52910, Exhibit 5(a);
Registration Statement No. 2-61009, Exhibit 5(b); and Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1990, File No. 1-3525, Exhibit 10(a)(3)].
10(b) - Copy of Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KEPCo, OPCo and with the Service Corporation as agent,
as amended [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and
Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(c) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1994, File No. 1-3457,
Exhibit 10(d)].
*12 - Statement re: Computation of Ratios.
*13 - Copy those portions of the KEPCo 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
*23 - Consent of Deloitte & Touche LLP.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
OPCO<double-dagger>
EXHIBIT NUMBER DESCRIPTION
3(a) - Copy of Amended Articles of Incorporation of OPCo, and amendments
thereto to December 31, 1993 [Registration Statement No. 33-50139,
Exhibit 4(a); Annual Report on Form 10-K of OPCo for the fiscal
year ended December 31, 1993, File No. 1-6543, Exhibit 3(b)].
3(b) - Certificate of Amendment to Amended Articles of Incorporation of
OPCo, dated May 3, 1994 [Annual Report on Form 10-K of OPCo for
the fiscal year ended December 31, 1994, File No. 1-6543, Exhibit
3(b)].
3(c) - Composite copy of the Amended Articles of Incorporation of OPCo,
as amended [Annual Report on Form 10-K of OPCo for the fiscal year
ended December 31, 1994, File No. 1-6543, Exhibit 3(c)].
3(d) - Copy of Code of Regulations of OPCo [Annual Report on Form 10-K of
OPCo for the fiscal year ended December 31, 1990, File No. 1-6543,
Exhibit 3(d)].
4(a) - Copy of Mortgage and Deed of Trust, dated as of October 1, 1938,
between OPCo and Manufacturers Hanover Trust Company (now Chemical
Bank), as Trustee, as amended and supplemented [Registration
Statement No. 2-3828, Exhibit B-4; Registration Statement No. 2-
60721, Exhibits 2(c)(2), 2(c)(3), 2(c)(4), 2(c)(5), 2(c)(6),
2(c)(7), 2(c)(8), 2(c)(9), 2(c)(10), 2(c)(11), 2(c)(12), 2(c)(13),
2(c)(14), 2(c)(15), 2(c)(16), 2(c)(17), 2(c)(18), 2(c)(19),
2(c)(20), 2(c)(21), 2(c)(22), 2(c)(23), 2(c)(24), 2(c)(25),
2(c)(26), 2(c)(27), 2(c)(28), 2(c)(29), 2(c)(30), and 2(c)(31);
Registration Statement No. 2-83591, Exhibit 4(b); Registration
Statement No. 33-21208, Exhibits 4(a)(ii), 4(a)(iii) and 4(a)(vi);
Registration Statement No. 33-31069, Exhibit 4(a)(ii);
Registration Statement No. 33-44995, Exhibit 4(a)(ii);
Registration Statement No. 33-59006, Exhibits 4(a)(ii), 4(a)(iii)
and 4(a)(iv); Registration Statement No. 33-50373, Exhibits
4(a)(ii), 4(a)(iii) and 4(a)(iv); Annual Report on Form 10-K of
OPCo for the fiscal year ended December 31, 1993, File No. 1-6543,
Exhibit 4(b)].
10(a)(1) - Copy of Power Agreement, dated October 15, 1952, between OVEC and
United States of America, acting by and through the United States
Atomic Energy Commission, and, subsequent to January 18, 1975, the
Administrator of the Energy Research and Development
Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit
5(a)(1)(B); Registration Statement No. 2-66301, Exhibit
5(a)(1)(C); Registration Statement No. 2-67728, Exhibit
5(a)(1)(D); Annual Report on Form 10-K of APCo for the fiscal year
ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F);
Annual Report on Form 10-K of APCo for the fiscal year ended
December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) - Copy of Inter-Company Power Agreement, dated July 10, 1953, among
OVEC and the Sponsoring Companies, as amended [Registration
Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-
67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for
the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit
10(a)(2)(B)].
10(a)(3) - Copy of Power Agreement, dated July 10, 1953, between OVEC and
Indiana-Kentucky Electric Corporation, as amended [Registration
Statement No. 2-60015, Exhibit 5(e)].
10(b) - Copy of Interconnection Agreement, dated July 6, 1951, between
APCo, CSPCo, KEPCo, I&M and OPCo and with the Service Corporation,
as amended [Registration Statement No. 2-52910, Exhibit 5(a);
Registration Statement No. 2-61009, Exhibit 5(b); Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 1990, File
1-3525, Exhibit 10(a)(3)].
10(c) - Copy of Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KEPCo, OPCo and with the Service Corporation as agent
[Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1985, File No. 1-3525, Exhibit 10(b); Annual Report
on Form 10-K of AEP for the fiscal year ended December 31, 1988,
File No. 1-3525, Exhibit 10(b)(2)].
10(d) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1994, File No. 1-3457,
Exhibit 10(d)].
10(e) - Copy of Agreement, dated June 18, 1968, between OPCo and Kaiser
Aluminum & Chemical Corporation (now known as Ravenswood Aluminum
Corporation) and First Supplemental Agreement thereto
[Registration Statement No. 2-31625, Exhibit 4(c); Annual Report
on Form 10-K of OPCo for the fiscal year ended December 31, 1986,
File No. 1-6543, Exhibit 10(d)(2)].
10(f) - Copy of Power Agreement, dated November 16, 1966, between OPCo and
Ormet Generating Corporation and First Supplemental Agreement
thereto [Annual Report on Form 10-K of OPCo for the fiscal year
ended December 31, 1993, File No. 1-6543, Exhibit 10(e)].
10(g) - Copy of Amendment No. 1, dated October 1, 1973, to Station
Agreement dated January 1, 1968, among OPCo, Buckeye and Cardinal
Operating Company, and amendments thereto [Annual Report
on Form 10-K of OPCo for the fiscal year ended December 31, 1993,
File No. 1-6543, Exhibit 10(f)].
<dagger>10(h)(1)-AEP Deferred Compensation Agreement for certain executive
officers [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1985, File No. 1-3525, Exhibit 10(e)].
<dagger>10(h)(2)-Amendment to AEP Deferred Compensation Agreement for certain
executive officers [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1986, File No. 1-3525, Exhibit
10(d)(2)].
<dagger>10(i)(1)-Management Incentive Compensation Plan [Annual Report on Form
10-K of AEP for the fiscal year ended December 31, 1995, File No.
1-3525, Exhibit 10(i)(1)].
<dagger>10(i)(2)-American Electric Power System Performance Share Incentive
Plan, as Amended and Restated through January 1, 1995 [Quarterly
Report on Form 10-Q of OPCo for the quarterly period ended
September 30, 1995, File No. 1-6543].
<dagger>10(j)(1)-Excess Benefits Plan [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit
10(g)(1)(A)].
<dagger>10(j)(2)-AEP System Supplemental Savings Plan (Non-Qualified) [Annual
Report on Form 10-K of AEP for the fiscal year ended December 31,
1993, File No. 1-3525, Exhibit 10(g)(2)].
<dagger>10(j)(3)-Umbrella Trust<trademark> for Executives [Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 1993, File
No. 1-3525, Exhibit 10(g)(3)].
<dagger>10(k)(1)-Employment Agreement between E. Linn Draper, Jr. and AEP and
the Service Corporation [Annual Report on Form 10-K of AEGCo for
the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit
10(g)(2)].
10(l)(1) - Agreement for Lease dated as of September 17, 1992 between JMG
Funding, Limited Partnership and OPCo [Annual Report on Form 10-K
of OPCo for the fiscal year ended December 31, 1992, File No. 1-
6543, Exhibit 10(l)].
10(l)(2) - Lease Agreement dated January 20, 1995 between OPCo and JMG
Funding, Limited Partnership, and amendment thereto (confidential
treatment requested) [Annual Report on Form 10-K of OPCo for the
fiscal year ended December 31, 1994, File No. 1-6543, Exhibit
10(l)(2)].
*12 - Statement re: Computation of Ratios.
*13 - Copy of those portions of the OPCo 1995 Annual Report (for the
fiscal year ended December 31, 1995) which are incorporated by
reference in this filing.
21 - List of subsidiaries of OPCo [Annual Report on Form 10-K of AEP
for the fiscal year ended December 31, 1995, File No. 1-3525,
Exhibit 21].
*23 - Consent of Deloitte & Touche LLP.
*24 - Power of Attorney.
*27 - Financial Data Schedules.
Exhibits, designated with a dagger (<dagger>), are management contracts or
compensatory plans or arrangements required to be filed as an exhibit to the
Form 10-K pursuant to Item 14(c).
<double-dagger> Certain instruments defining the rights of holders of long-term
debt of the registrants included in the financial statements of registrants
filed with the Form 10-K were omitted because the total amount of securities
authorized thereunder does not exceed 10% of the total assets of registrants.
The registrants hereby agree to furnish a copy of any such omitted instrument
to the SEC upon request.
<PAGE>
<PAGE>
EXHIBIT D
Tax Agreement Regarding Method of Allocating
Consolidated Federal Income Taxes:
Incorporated by Reference to 1994 Form U5S Annual Report,
File No. 30-150
______________________________________________________________________
EXHIBIT E
Copies of Personnel Policies as They Relate to Rule 48(b):
American Electric Power Exempt
Employees and Nonexempt Supervisors
Relocation Expense Policy . . . . . . . Incorporated by Reference to
1994 Form U5S Annual Report,
File No. 30-150
American Electric Power Electric
Living Incentive Program for Employees . Incorporated by Reference to
1993 Form U5S Annual Report,
File No. 30-150
<PAGE>
<PAGE>
EXHIBIT G
SEE EXHIBIT 27 FOR FINANCIAL DATA SCHEDULES.
EXHIBIT H
Organization chart showing the relationship of each EWG or foreign
utility company in which the system holds an interest to other system
companies.
American Electric Power Company, Inc.
|
|
AEP Resources, Inc. (100% owned)
|
|
AEP Resources International, Ltd. (100% owned EWG)
EXHIBIT I
AEP Resources International, Limited (AEPRI) was organized June 24,
1994 and on July 12,1994 issued one (1) share of $1.00 par value common
stock for $5,000 to AEP Resources, Inc. which is a wholly-owned
subsidiary of American Electric Power Company, Inc. To date, audited
financial statements are not available, therefore unaudited statements
are included in this filing. At the next U5S filing, for the period
ending December 31, 1996, it is expected that the audited balance
sheet, income statement, and cash flow statement of AEPRI will be
available to be included.
The unaudited financial statements follow.
<PAGE>
<PAGE>
AEP RESOURCES INTERNATIONAL, LIMITED
CONTENTS
Page
Statements of Income and Retained Earnings 1
Balance Sheet 2
Statement of Cash Flows 3
Notes to Financial Statements 4
<PAGE>
<PAGE>
AEP RESOURCES INTERNATIONAL, LIMITED
STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 1995
(UNAUDITED)
(in thousands)
REVENUES $ -
EXPENSES:
Outside Services Employed 76
Miscellaneous 17
TOTAL EXPENSES 93
NET LOSS $(93)
________________________________________
STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 1995
(UNAUDITED)
(in thousands)
BALANCE AT BEGINNING OF PERIOD* $ (4)
NET LOSS (93)
BALANCE AT END OF PERIOD* $(97)
*Parentheses Denote Accumulated Deficit.
Page 1
<PAGE>
<PAGE>
AEP RESOURCES INTERNATIONAL, LIMITED
BALANCE SHEET
DECEMBER 31, 1995
(UNAUDITED)
(in thousands)
ASSETS
CURRENT ASSETS - Cash $18
TOTAL ASSETS $18
CAPITALIZATION AND LIABILITIES
CAPITALIZATION:
Common Stock - Par Value $1:
Authorized - 50,000 Shares
Outstanding - 1 Share
Paid-in Capital $115
Accumulated Deficit (97)
TOTAL CAPITALIZATION 18
TOTAL CAPITALIZATION AND LIABILITIES $ 18
Page 2
<PAGE>
<PAGE>
AEP RESOURCES INTERNATIONAL, LIMITED
STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 1995
(UNAUDITED)
(in thousands)
OPERATING ACTIVITIES - Net Loss $(93)
FINANCING ACTIVITIES - Capital Contributions
from Parent Company 110
NET INCREASE IN CASH 17
CASH AT BEGINNING OF PERIOD 1
CASH AT END OF PERIOD $ 18
Page 3
<PAGE>
<PAGE>
AEP RESOURCES INTERNATIONAL, LIMITED
NOTES TO FINANCIAL STATEMENTS
(UNAUDITED)
1. SIGNIFICANT ACCOUNTING POLICIES:
Organization
AEP Resources International, Limited (the Company or AEPRI) was
organized and incorporated under the laws of the Cayman Islands on
June 24, 1994 as a wholly-owned subsidiary of AEP Resources, Inc.
(AEPRES), which is a subsidiary of American Electric Power Company,
Inc. (AEP Co., Inc.), a public utility holding company. The purpose
of the Company is to develop and own electric generation and sell
power.
2. COMMON STOCK AND PAID-IN CAPITAL
AEPRI is authorized to issue 50,000 shares of $1.00 par value common
stock and has one (1) share of common stock issued and outstanding.
In 1995 AEPRI received from its parent AEPRES a cash capital
contribution of $110,000 which was credited to paid in capital.
Page 4
<PAGE>
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000004904
<NAME> AMERICAN ELECTRIC POWER COMPANY, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 11,384,839
<OTHER-PROPERTY-AND-INVEST> 825,781
<TOTAL-CURRENT-ASSETS> 1,401,858
<TOTAL-DEFERRED-CHARGES> 310,377
<OTHER-ASSETS> 1,979,446
<TOTAL-ASSETS> 15,902,301
<COMMON> 1,271,627
<CAPITAL-SURPLUS-PAID-IN> 1,658,524
<RETAINED-EARNINGS> 1,409,645
<TOTAL-COMMON-STOCKHOLDERS-EQ> 4,339,796
515,085
148,240
<LONG-TERM-DEBT-NET> 4,920,329
<SHORT-TERM-NOTES> 128,425
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 236,700
<LONG-TERM-DEBT-CURRENT-PORT> 136,947
7,650
<CAPITAL-LEASE-OBLIGATIONS> 314,901
<LEASES-CURRENT> 89,692
<OTHER-ITEMS-CAPITAL-AND-LIAB> 5,064,536
<TOT-CAPITALIZATION-AND-LIAB> 15,902,301
<GROSS-OPERATING-REVENUE> 5,670,330
<INCOME-TAX-EXPENSE> 289,432
<OTHER-OPERATING-EXPENSES> 4,416,351
<TOTAL-OPERATING-EXPENSES> 4,705,783
<OPERATING-INCOME-LOSS> 964,547
<OTHER-INCOME-NET> 20,204
<INCOME-BEFORE-INTEREST-EXPEN> 984,751
<TOTAL-INTEREST-EXPENSE> 400,077
<NET-INCOME> 529,903
54,771<F1>
<EARNINGS-AVAILABLE-FOR-COMM> 529,903
<COMMON-STOCK-DIVIDENDS> 445,831
<TOTAL-INTEREST-ON-BONDS> 271,924
<CASH-FLOW-OPERATIONS> 1,056,610
<EPS-PRIMARY> $2.85
<EPS-DILUTED> $2.85
<FN>
<F1>Represents preferred stock dividend requirements of
subsidiaries; deducted before computation of net income.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000857571
<NAME> AEP GENERATING COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 413,559
<OTHER-PROPERTY-AND-INVEST> 6
<TOTAL-CURRENT-ASSETS> 43,551
<TOTAL-DEFERRED-CHARGES> 1,687
<OTHER-ASSETS> 6,076
<TOTAL-ASSETS> 464,879
<COMMON> 1,000
<CAPITAL-SURPLUS-PAID-IN> 47,735
<RETAINED-EARNINGS> 1,955
<TOTAL-COMMON-STOCKHOLDERS-EQ> 50,690
0
0
<LONG-TERM-DEBT-NET> 89,538
<SHORT-TERM-NOTES> 21,725
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 1,830
<LEASES-CURRENT> 465
<OTHER-ITEMS-CAPITAL-AND-LIAB> 300,631
<TOT-CAPITALIZATION-AND-LIAB> 464,879
<GROSS-OPERATING-REVENUE> 231,795
<INCOME-TAX-EXPENSE> 3,052
<OTHER-OPERATING-EXPENSES> 215,700
<TOTAL-OPERATING-EXPENSES> 218,752
<OPERATING-INCOME-LOSS> 13,043
<OTHER-INCOME-NET> 3,685
<INCOME-BEFORE-INTEREST-EXPEN> 16,728
<TOTAL-INTEREST-EXPENSE> 8,041
<NET-INCOME> 8,687
0
<EARNINGS-AVAILABLE-FOR-COMM> 8,687
<COMMON-STOCK-DIVIDENDS> 11,000
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 23,486
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000006879
<NAME> APPALACHIAN POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 2,863,690
<OTHER-PROPERTY-AND-INVEST> 31,523
<TOTAL-CURRENT-ASSETS> 347,272
<TOTAL-DEFERRED-CHARGES> 57,541
<OTHER-ASSETS> 435,352
<TOTAL-ASSETS> 3,735,378
<COMMON> 260,458
<CAPITAL-SURPLUS-PAID-IN> 525,051
<RETAINED-EARNINGS> 199,021
<TOTAL-COMMON-STOCKHOLDERS-EQ> 984,530
190,085
55,000
<LONG-TERM-DEBT-NET> 1,278,433
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 125,525
<LONG-TERM-DEBT-CURRENT-PORT> 7,251
150
<CAPITAL-LEASE-OBLIGATIONS> 36,739
<LEASES-CURRENT> 12,198
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,045,467
<TOT-CAPITALIZATION-AND-LIAB> 3,735,378
<GROSS-OPERATING-REVENUE> 1,545,039
<INCOME-TAX-EXPENSE> 64,907
<OTHER-OPERATING-EXPENSES> 1,253,030
<TOTAL-OPERATING-EXPENSES> 1,317,937
<OPERATING-INCOME-LOSS> 227,102
<OTHER-INCOME-NET> (4,699)
<INCOME-BEFORE-INTEREST-EXPEN> 222,403
<TOTAL-INTEREST-EXPENSE> 106,503
<NET-INCOME> 115,900
16,405
<EARNINGS-AVAILABLE-FOR-COMM> 99,495
<COMMON-STOCK-DIVIDENDS> 106,836
<TOTAL-INTEREST-ON-BONDS> 80,777
<CASH-FLOW-OPERATIONS> 247,900
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000022198
<NAME> COLUMBUS SOUTHERN POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 1,867,038
<OTHER-PROPERTY-AND-INVEST> 25,950
<TOTAL-CURRENT-ASSETS> 196,770
<TOTAL-DEFERRED-CHARGES> 66,363
<OTHER-ASSETS> 438,005
<TOTAL-ASSETS> 2,594,126
<COMMON> 41,026
<CAPITAL-SURPLUS-PAID-IN> 574,427
<RETAINED-EARNINGS> 74,320
<TOTAL-COMMON-STOCKHOLDERS-EQ> 689,773
75,000
0
<LONG-TERM-DEBT-NET> 990,796
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
7,500
<CAPITAL-LEASE-OBLIGATIONS> 22,981
<LEASES-CURRENT> 4,835
<OTHER-ITEMS-CAPITAL-AND-LIAB> 803,241
<TOT-CAPITALIZATION-AND-LIAB> 2,594,126
<GROSS-OPERATING-REVENUE> 1,071,862
<INCOME-TAX-EXPENSE> 58,793
<OTHER-OPERATING-EXPENSES> 827,261
<TOTAL-OPERATING-EXPENSES> 886,054
<OPERATING-INCOME-LOSS> 185,808
<OTHER-INCOME-NET> 5,202
<INCOME-BEFORE-INTEREST-EXPEN> 191,010
<TOTAL-INTEREST-EXPENSE> 80,394
<NET-INCOME> 110,616
11,907
<EARNINGS-AVAILABLE-FOR-COMM> 98,709
<COMMON-STOCK-DIVIDENDS> 71,900
<TOTAL-INTEREST-ON-BONDS> 66,811
<CASH-FLOW-OPERATIONS> 206,579
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000050172
<NAME> INDIANA MICHIGAN POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 2,567,599
<OTHER-PROPERTY-AND-INVEST> 584,613
<TOTAL-CURRENT-ASSETS> 285,236
<TOTAL-DEFERRED-CHARGES> 32,364
<OTHER-ASSETS> 458,525
<TOTAL-ASSETS> 3,928,337
<COMMON> 56,584
<CAPITAL-SURPLUS-PAID-IN> 731,102
<RETAINED-EARNINGS> 235,107
<TOTAL-COMMON-STOCKHOLDERS-EQ> 1,022,793
135,000
52,000
<LONG-TERM-DEBT-NET> 1,034,048
<SHORT-TERM-NOTES> 52,200
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 37,775
<LONG-TERM-DEBT-CURRENT-PORT> 6,053
0
<CAPITAL-LEASE-OBLIGATIONS> 110,730
<LEASES-CURRENT> 31,776
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,445,962
<TOT-CAPITALIZATION-AND-LIAB> 3,928,337
<GROSS-OPERATING-REVENUE> 1,283,157
<INCOME-TAX-EXPENSE> 61,083
<OTHER-OPERATING-EXPENSES> 1,016,351
<TOTAL-OPERATING-EXPENSES> 1,077,434
<OPERATING-INCOME-LOSS> 205,723
<OTHER-INCOME-NET> 6,272
<INCOME-BEFORE-INTEREST-EXPEN> 211,995
<TOTAL-INTEREST-EXPENSE> 70,903
<NET-INCOME> 141,092
11,791
<EARNINGS-AVAILABLE-FOR-COMM> 129,301
<COMMON-STOCK-DIVIDENDS> 110,852
<TOTAL-INTEREST-ON-BONDS> 43,410
<CASH-FLOW-OPERATIONS> 239,616
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000055373
<NAME> KENTUCKY POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 609,067
<OTHER-PROPERTY-AND-INVEST> 6,438
<TOTAL-CURRENT-ASSETS> 62,152
<TOTAL-DEFERRED-CHARGES> 12,153
<OTHER-ASSETS> 82,388
<TOTAL-ASSETS> 772,198
<COMMON> 50,450
<CAPITAL-SURPLUS-PAID-IN> 78,750
<RETAINED-EARNINGS> 91,381
<TOTAL-COMMON-STOCKHOLDERS-EQ> 220,581
0
0
<LONG-TERM-DEBT-NET> 263,089
<SHORT-TERM-NOTES> 15,950
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 11,100
<LONG-TERM-DEBT-CURRENT-PORT> 29,436
0
<CAPITAL-LEASE-OBLIGATIONS> 7,064
<LEASES-CURRENT> 2,355
<OTHER-ITEMS-CAPITAL-AND-LIAB> 222,623
<TOT-CAPITALIZATION-AND-LIAB> 772,198
<GROSS-OPERATING-REVENUE> 328,144
<INCOME-TAX-EXPENSE> 5,778
<OTHER-OPERATING-EXPENSES> 273,345
<TOTAL-OPERATING-EXPENSES> 279,123
<OPERATING-INCOME-LOSS> 49,021
<OTHER-INCOME-NET> 3
<INCOME-BEFORE-INTEREST-EXPEN> 49,024
<TOTAL-INTEREST-EXPENSE> 23,896
<NET-INCOME> 25,128
0
<EARNINGS-AVAILABLE-FOR-COMM> 25,128
<COMMON-STOCK-DIVIDENDS> 22,920
<TOTAL-INTEREST-ON-BONDS> 19,090
<CASH-FLOW-OPERATIONS> 41,789
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000073986
<NAME> OHIO POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 2,824,074
<OTHER-PROPERTY-AND-INVEST> 107,510
<TOTAL-CURRENT-ASSETS> 533,099
<TOTAL-DEFERRED-CHARGES> 129,552
<OTHER-ASSETS> 562,329
<TOTAL-ASSETS> 4,156,564
<COMMON> 321,201
<CAPITAL-SURPLUS-PAID-IN> 459,474
<RETAINED-EARNINGS> 518,029
<TOTAL-COMMON-STOCKHOLDERS-EQ> 1,298,704
115,000
41,240
<LONG-TERM-DEBT-NET> 1,138,425
<SHORT-TERM-NOTES> 0
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 9,400
<LONG-TERM-DEBT-CURRENT-PORT> 89,207
0
<CAPITAL-LEASE-OBLIGATIONS> 106,754
<LEASES-CURRENT> 25,172
<OTHER-ITEMS-CAPITAL-AND-LIAB> 1,332,662
<TOT-CAPITALIZATION-AND-LIAB> 4,156,564
<GROSS-OPERATING-REVENUE> 1,822,997
<INCOME-TAX-EXPENSE> 97,258
<OTHER-OPERATING-EXPENSES> 1,453,579
<TOTAL-OPERATING-EXPENSES> 1,550,837
<OPERATING-INCOME-LOSS> 272,160
<OTHER-INCOME-NET> 11,240
<INCOME-BEFORE-INTEREST-EXPEN> 283,400
<TOTAL-INTEREST-EXPENSE> 93,953
<NET-INCOME> 189,447
14,668
<EARNINGS-AVAILABLE-FOR-COMM> 174,779
<COMMON-STOCK-DIVIDENDS> 139,428
<TOTAL-INTEREST-ON-BONDS> 61,836
<CASH-FLOW-OPERATIONS> 342,453
<EPS-PRIMARY> 0<F1>
<EPS-DILUTED> 0<F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000055986
<NAME> KINGSPORT POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 49,850
<OTHER-PROPERTY-AND-INVEST> 159
<TOTAL-CURRENT-ASSETS> 16,841
<TOTAL-DEFERRED-CHARGES> 124
<OTHER-ASSETS> 5,237
<TOTAL-ASSETS> 72,211
<COMMON> 4,100
<CAPITAL-SURPLUS-PAID-IN> 7,800
<RETAINED-EARNINGS> 7,068
<TOTAL-COMMON-STOCKHOLDERS-EQ> 18,968
0
0
<LONG-TERM-DEBT-NET> 25,000
<SHORT-TERM-NOTES> 2,100
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 729
<LEASES-CURRENT> 199
<OTHER-ITEMS-CAPITAL-AND-LIAB> 25,215
<TOT-CAPITALIZATION-AND-LIAB> 72,211
<GROSS-OPERATING-REVENUE> 79,788
<INCOME-TAX-EXPENSE> 815
<OTHER-OPERATING-EXPENSES> 74,439
<TOTAL-OPERATING-EXPENSES> 75,254
<OPERATING-INCOME-LOSS> 4,534
<OTHER-INCOME-NET> 285
<INCOME-BEFORE-INTEREST-EXPEN> 4,819
<TOTAL-INTEREST-EXPENSE> 2,785
<NET-INCOME> 2,034
0
<EARNINGS-AVAILABLE-FOR-COMM> 2,034
<COMMON-STOCK-DIVIDENDS> 1,848
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 4,923
<EPS-PRIMARY> 0 <F1>
<EPS-DILUTED> 0 <F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR1
<CIK> 0000106617
<NAME> WHEELING POWER COMPANY
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<BOOK-VALUE> PER-BOOK
<TOTAL-NET-UTILITY-PLANT> 54,200
<OTHER-PROPERTY-AND-INVEST> 2,922
<TOTAL-CURRENT-ASSETS> 10,444
<TOTAL-DEFERRED-CHARGES> 1,635
<OTHER-ASSETS> 17,231
<TOTAL-ASSETS> 86,432
<COMMON> 2,428
<CAPITAL-SURPLUS-PAID-IN> 12,596
<RETAINED-EARNINGS> 6,569
<TOTAL-COMMON-STOCKHOLDERS-EQ> 21,593
0
0
<LONG-TERM-DEBT-NET> 26,000
<SHORT-TERM-NOTES> 5,375
<LONG-TERM-NOTES-PAYABLE> 0
<COMMERCIAL-PAPER-OBLIGATIONS> 0
<LONG-TERM-DEBT-CURRENT-PORT> 0
0
<CAPITAL-LEASE-OBLIGATIONS> 3,414
<LEASES-CURRENT> 579
<OTHER-ITEMS-CAPITAL-AND-LIAB> 29,471
<TOT-CAPITALIZATION-AND-LIAB> 86,432
<GROSS-OPERATING-REVENUE> 85,204
<INCOME-TAX-EXPENSE> 2,067
<OTHER-OPERATING-EXPENSES> 77,509
<TOTAL-OPERATING-EXPENSES> 79,576
<OPERATING-INCOME-LOSS> 5,628
<OTHER-INCOME-NET> (64)
<INCOME-BEFORE-INTEREST-EXPEN> 5,564
<TOTAL-INTEREST-EXPENSE> 2,695
<NET-INCOME> 2,869
0
<EARNINGS-AVAILABLE-FOR-COMM> 2,869
<COMMON-STOCK-DIVIDENDS> 2,316
<TOTAL-INTEREST-ON-BONDS> 0
<CASH-FLOW-OPERATIONS> 9,076
<EPS-PRIMARY> 0 <F1>
<EPS-DILUTED> 0 <F1>
<FN>
<F1> All common stock owned by parent company; no EPS required.
</FN>
</TABLE>
