File No. 70-8779
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_________________________________
POST-EFFECTIVE AMENDMENT NO. 3
TO
FORM U-1
__________________________________
APPLICATION OR DECLARATION
under the
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
APPALACHIAN POWER COMPANY
40 Franklin Road, Roanoke, Virginia 24022
COLUMBUS SOUTHERN POWER COMPANY
215 North Front Street, Columbus, Ohio 43215
INDIANA MICHIGAN POWER COMPANY
One Summit Square, Fort Wayne, Indiana 46801
KENTUCKY POWER COMPANY
1701 Central Avenue, Ashland, Kentucky 41101
KINGSPORT POWER COMPANY
422 Broad Street, Kingsport, Tennessee 37660
OHIO POWER COMPANY
339 Cleveland Avenue, S.W., Canton, Ohio 44702
WHEELING POWER COMPANY
51 - 16th Street, Wheeling, West Virginia 26003
(Name of company or companies filing this statement
and addresses of principal executive offices)
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
(Name of top registered holding company
parent of each applicant or declarant)
* * *
G. P. Maloney, Executive Vice President
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
John F. Di Lorenzo, Jr., Associate General Counsel
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)
American Electric Power Company, Inc. ("American"), a holding
company registered under the Public Utility Holding Company Act of
1935 ("1935 Act"), and American Electric Power Service Corporation,
Appalachian Power Company, Columbus Southern Power Company,
Kentucky Power Company, Kingsport Power Company, Indiana Michigan
Power Company, Ohio Power Company and Wheeling Power Company
(sometimes collectively referred to herein as "Applicants") hereby
amend their Application or Declaration on Form U-1 in File No. 70-
8779 as follows:
1. The following paragraphs are added to the end of Item 1C:
"In the order dated September 13, 1996 (Release No. 35-
26572), American was authorized to form one or more direct or
indirect nonutility subsidiaries ('New Subsidiaries') to
broker and market electric power, natural and manufactured
gas, emission allowances, coal, oil, refined petroleum
products and natural gas liquids ('Energy Commodities').
American was also authorized to guarantee through December 31,
2000 up to $50 million of debt and up to $200 million of other
obligations of the New Subsidiaries ('Guarantee Authority').
Obligations of the New Subsidiaries (other than debt) might
take the form of bid bonds or other direct or indirect
guarantees of contractual or other obligations.
With the adoption of Rule 58 (Release No. 35-26667)
(February 20, 1997) 62 F.R. 7900, the acquisition of
securities of or other interests in Energy-Related Companies
(as defined in Rule 58), including the marketing and brokering
of Energy Commodities, subject to certain limitations, is
exempt from the requirement of prior Commission approval under
the 1935 Act. However, the issuance of any guarantees on
behalf of Rule 58 Companies still requires prior Commission
approval under Section 6 of the 1935 Act.
Any of the New Subsidiaries may convert to an Energy-
Related Company so that such New Subsidiary could not only
broker and market Energy Commodities, but also could offer all
the other energy-related services permitted by Rule 58.
However, the Guarantee Authority granted by the above-
referenced order is limited to the guarantee of debt and other
obligations related to the marketing and brokering of Energy
Commodities. American is not requesting an increase in the
amount or an extension of the time in which it could guarantee
the debt or other obligations of the New Subsidiaries, but is
requesting that the Guarantee Authority be expanded so that
American could guarantee the debt and other obligations of the
New Subsidiaries for all Energy-Related Company activities.
Any guarantee issued by American on behalf of the New
Subsidiaries will count towards the 'aggregate investment'
permitted by Rule 58."
2. The second paragraph of ITEM 5 is amended and restated as
follows:
"American agrees to file with this Commission a Quarterly
Report on Form U-9C-3, such filing to be made within 60 days
following the end of the first three quarters of the fiscal
year, and within 90 days after the end of the fourth quarter."
3. By adding the following statement to the end of ITEM 2.
FEES, COMMISSIONS AND EXPENSES:
"No additional expenses are expected to be incurred in
connection with this Post-Effective Amendment No. 3."
4. By filing a Proposed Form of Notice as Exhibit G-1.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this statement to be signed on their behalf by the undersigned
thereunto duly authorized.
AMERICAN ELECTRIC POWER SERVICE CORPORATION
By /s/ G. P. Maloney
Executive Vice President
AMERICAN ELECTRIC POWER COMPANY, INC.
AMERICAN ELECTRIC POWER SERVICE CORPORATION
APPALACHIAN POWER COMPANY
COLUMBUS SOUTHERN POWER COMPANY
KENTUCKY POWER COMPANY
KINGSPORT POWER COMPANY
INDIANA MICHIGAN POWER COMPANY
OHIO POWER COMPANY
WHEELING POWER COMPANY
By /s/ G. P. Maloney
Vice President
Dated: March 3, 1997
Exhibit G-1
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Release No. /March , 1997
_____________________________________________
:
In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. :
1 Riverside Plaza :
Columbus, OH 43215 :
:
(70-8779) :
_____________________________________________:
American Electric Power Company, Inc. ("American"), a holding
company registered under the Public Utility Holding Company Act of
1935 ("1935 Act"), and American Electric Power Service Corporation,
Appalachian Power Company, Columbus Southern Power Company,
Kentucky Power Company, Kingsport Power Company, Indiana Michigan
Power Company, Ohio Power Company and Wheeling Power Company, have
filed a post-effective amendment to their Application or
Declaration with this Commission pursuant to Sections 6, 7, 9(a),
9(c)(3), 12(b) and 13(b) of the 1935 Act and Rules 45 and 52
thereunder.
The order dated September 13, 1996 (Release No. 35-26572),
authorized American to form one or more direct or indirect
nonutility subsidiaries ("New Subsidiaries") to broker and market
electric power, natural and manufactured gas, emission allowances,
coal, oil, refined petroleum products and natural gas liquids
("Energy Commodities"). American was also authorized to guarantee
through December 31, 2000 up to $50 million of debt and up to $200
million of other obligations of the New Subsidiaries ("Guarantee
Authority"). Obligations of the New Subsidiaries (other than debt)
might take the form of bid bonds or other direct or indirect
guarantees of contractual or other obligations.
With the adoption of Rule 58 (Release No. 35-26667) (February
20, 1997) 62 F.R. 7900, the acquisition of securities of or other
interests in Energy-Related Companies (as defined in Rule 58),
including the marketing and brokering of Energy Commodities,
subject to certain limitations, is exempt from the requirement of
prior Commission approval under the 1935 Act. However, the
issuance of any guarantees on behalf of Rule 58 Companies still
requires prior Commission approval under Section 6 of the 1935 Act.
Any of the New Subsidiaries may convert to an Energy-Related
Company so that such New Subsidiary could not only broker and
market Energy Commodities, but also could offer all the other
energy-related services permitted by Rule 58. However, the
Guarantee Authority granted by the above-referenced order is
limited to the guarantee of debt and other obligations related to
the marketing and brokering of Energy Commodities. American is not
requesting an increase in the amount or an extension of the time in
which it could guarantee the debt or other obligations of the New
Subsidiaries, but is requesting that the Guarantee Authority be
expanded so that American could guarantee the debt and other
obligations of the New Subsidiaries for all Energy-Related Company
activities. Any guarantee issued by American on behalf of the New
Subsidiaries will count towards the 'aggregate investment'
permitted by Rule 58.
The Application or Declaration and any amendments thereto are
available for public inspection through the Commission's Office of
Public Reference. Interested persons wishing to comment or request
a hearing should submit their views in writing by April , 1997 to
the Secretary, Securities and Exchange Commission, Washington, D.C.
20549, and serve a copy on the applicants at the addresses
specified above. Proof of service (by affidavit or, in case of any
attorney at law, by certificate) should be filed with the request.
Any request for a hearing shall identify specifically the issues of
fact or law that are disputed. A person who so requests will be
notified of any hearing, if ordered, and will receive a copy of any
notice or order issued in this matter. After said date, the
Application, as filed or as it may be amended, may be permitted to
become effective.
For the Commission, by the Office of Public Utility
Regulation, pursuant to delegated authority.
Jonathan G. Katz
Secretary
