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Previous: AMERICAN CRYSTAL SUGAR CO /MN/, 10-Q, 1997-01-09 |
Next: AMERICAN MUTUAL FUND INC, N-30D, 1997-01-09 |
<PAGE>
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
______________________________________________
:
In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. : CERTIFICATE OF
Columbus, Ohio : NOTIFICATION
: NO. 4
(70-8693) :
:
Public Utility Holding Company Act of 1935 :
______________________________________________:
THIS IS TO CERTIFY THAT AMERICAN ELECTRIC POWER COMPANY, INC.,
and certain of its electric utility subsidiaries, in accordance
with the terms and conditions of, and for the purposes represented
by, the Application or declaration herein, as amended, the order of
the Securities and Exchange Commission with respect thereto, dated
December 8, 1995, has carried out the transactions listed below:
1. American Electric Power Company Inc., AEP Generating Company,
Appalachian Power Company, Columbus Southern Power Company,
Indiana Michigan Power Company, Kentucky Power Company,
Kingsport Power Company, Ohio Power Company, and Wheeling
Power Company made short-term note borrowings from banks
during the calendar quarter ended December 31, 1996; American
Electric Power Company, Inc., Appalachian Power Company,
Columbus Southern Power Company, Indiana Michigan Power
Company, and Ohio Power Company sold commercial paper to
Lehman Brothers Commercial Paper, Incorporated; Appalachian
Power Company sold commercial paper to First Chicago Capital
Markets, Inc.; Columbus Southern Power Company sold commercial
paper to Citicorp Securities Markets; Indiana Michigan Power
Company and Ohio Power Company sold commercial paper to
Goldman Sachs Money Markets, L.P.; Kentucky Power Company sold
commercial paper to Merrill Lynch Money Markets, Incorporated;
and American Electric Power Company, Inc., Columbus Southern
Power Company and Kentucky Power Company sold commercial paper
to Morgan Stanley & Co. during the calendar quarter ended
December 31, 1996.
These note borrowings from banks and commercial paper
transactions, if any, are summarized on the attached computer
printouts for each company. Bank note borrowings are indicated as
"BL" and Commercial Paper transactions by each company are
indicated as "CP".
The interest rate for each transaction involving note
borrowings from banks in the report is calculated on an interest-
bearing basis and a 360-day year. The interest rate for each
commercial paper transaction is calculated on a discounted basis
and a 360-day year. The actual prime rates in effect during the
quarter are set forth in Exhibit A.
This Certificate of Notification is filed pursuant to the
Commission's Order in this proceeding after the end of the calendar
quarter during which the above-described transactions were
consummated.
AMERICAN ELECTRIC POWER COMPANY, INC.
AEP GENERATING COMPANY
APPALACHIAN POWER COMPANY
COLUMBUS SOUTHERN POWER COMPANY
INDIANA MICHIGAN POWER COMPANY
KENTUCKY POWER COMPANY
KINGSPORT POWER COMPANY
OHIO POWER COMPANY
WHEELING POWER COMPANY
By: /s/ A. A. Pena
A. A. Pena, Treasurer
Dated: January 9, 1997
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
Second Quarter of the Calendar Year 1996
Month Actual Prime Rates*
October 1 - December 31 8.25%
* Represents the prime commercial lending rates of major New
York City banks as reported in The Wall Street Journal.
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 1
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 12/09/96 12/20/96 11 5.5200 18,500,000.00 31,203.33 18,531,203.33
12/20/96 12/23/96 3 5.3300 18,000,000.00 7,995.00 18,007,995.00
12/20/96 01/03/97 14 6.0200 1,900,000.00 4,448.11 1,904,448.11
12/31/96 01/03/97 3 7.4000 7,675,000.00 4,732.92 7,679,732.92
---------------- ---------------- ----------------
BL TOTAL 46,075,000.00 48,379.36 46,123,379.36
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 46,075,000.00 48,379.36 46,123,379.36
================ ================ ================
AVERAGE NUMBER OF DAYS 7.75
WEIGHTED AVERAGE RATE 5.7796
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 2
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/08/96 10/24/96 16 5.4624 100,000.00 242.77 100,242.77
10/30/96 11/21/96 22 5.4500 150,000.00 499.58 150,499.58
11/12/96 11/21/96 9 5.4624 400,000.00 546.24 400,546.24
---------------- ---------------- ----------------
BL TOTAL 650,000.00 1,288.59 651,288.59
CP 10/24/96 11/21/96 28 5.4000 18,745,935.00 79,065.00 18,825,000.00
11/21/96 11/27/96 6 5.4200 14,986,450.00 13,550.00 15,000,000.00
11/21/96 12/10/96 19 5.4200 4,487,127.50 12,872.50 4,500,000.00
12/13/96 12/16/96 3 5.3000 1,899,160.83 839.17 1,900,000.00
12/23/96 12/31/96 8 5.5000 499,388.89 611.11 500,000.00
12/26/96 12/31/96 5 5.4500 999,243.06 756.94 1,000,000.00
12/30/96 12/31/96 1 5.8000 199,967.78 32.22 200,000.00
12/31/96 01/02/97 2 7.5000 41,707,614.58 17,385.42 41,725,000.00
---------------- ---------------- ----------------
CP TOTAL 83,524,887.64 125,112.36 83,650,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 84,174,887.64 126,400.95 84,301,288.59
================ ================ ================
AVERAGE NUMBER OF DAYS 10.82
WEIGHTED AVERAGE RATE 6.4455
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 3
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 11/01/96 11/04/96 3 5.5200 15,000,000.00 6,900.00 15,006,900.00
11/19/96 11/22/96 3 5.3290 10,000,000.00 4,440.83 10,004,440.83
11/27/96 12/03/96 6 5.5058 15,000,000.00 13,764.50 15,013,764.50
11/27/96 12/09/96 12 5.4424 8,050,000.00 14,603.77 8,064,603.77
12/09/96 12/13/96 4 5.3724 11,250,000.00 6,715.50 11,256,715.50
12/17/96 12/23/96 6 5.4424 25,650,000.00 23,266.26 25,673,266.26
12/27/96 12/31/96 4 5.4358 10,600,000.00 6,402.16 10,606,402.16
---------------- ---------------- ----------------
BL TOTAL 95,550,000.00 76,093.02 95,626,093.02
CP 10/02/96 10/03/96 1 5.4000 3,599,460.00 540.00 3,600,000.00
10/04/96 10/08/96 4 5.3800 9,994,022.22 5,977.78 10,000,000.00
10/04/96 10/09/96 5 5.3800 5,321,021.04 3,978.96 5,325,000.00
10/07/96 10/11/96 4 5.4300 4,647,194.50 2,805.50 4,650,000.00
10/08/96 10/16/96 8 5.4300 3,196,138.67 3,861.33 3,200,000.00
10/11/96 10/16/96 5 5.4000 6,095,425.00 4,575.00 6,100,000.00
11/01/96 11/12/96 11 5.4500 15,873,522.08 26,477.92 15,900,000.00
11/04/96 11/06/96 2 5.4500 7,997,577.78 2,422.22 8,000,000.00
11/04/96 11/08/96 4 5.4800 7,995,128.89 4,871.11 8,000,000.00
11/06/96 11/07/96 1 5.6800 3,349,471.44 528.56 3,350,000.00
11/07/96 11/13/96 6 5.4300 2,198,009.00 1,991.00 2,200,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 4
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/08/96 11/13/96 5 5.4300 8,693,438.75 6,561.25 8,700,000.00
11/12/96 11/13/96 1 5.5000 13,097,998.61 2,001.39 13,100,000.00
11/13/96 11/14/96 1 5.4000 6,199,070.00 930.00 6,200,000.00
11/13/96 11/15/96 2 5.4000 9,997,000.00 3,000.00 10,000,000.00
11/14/96 11/18/96 4 5.5500 4,597,163.33 2,836.67 4,600,000.00
11/15/96 11/19/96 4 5.8000 11,492,588.89 7,411.11 11,500,000.00
11/18/96 11/19/96 1 5.4500 3,224,511.77 488.23 3,225,000.00
11/20/96 11/25/96 5 5.5300 5,495,775.69 4,224.31 5,500,000.00
11/22/96 11/25/96 3 5.2500 4,298,118.75 1,881.25 4,300,000.00
12/02/96 12/06/96 4 5.7000 16,789,360.00 10,640.00 16,800,000.00
12/03/96 12/04/96 1 5.6500 9,498,509.03 1,490.97 9,500,000.00
12/04/96 12/11/96 7 5.5300 4,794,838.67 5,161.33 4,800,000.00
12/06/96 12/11/96 5 5.3800 12,590,585.00 9,415.00 12,600,000.00
12/10/96 12/17/96 7 5.4300 27,970,436.67 29,563.33 28,000,000.00
12/10/96 12/12/96 2 5.4300 2,999,095.00 905.00 3,000,000.00
12/11/96 12/18/96 7 5.5300 12,686,343.97 13,656.03 12,700,000.00
12/13/96 12/20/96 7 5.4500 10,988,343.06 11,656.94 11,000,000.00
12/16/96 12/26/96 10 5.5600 33,947,488.89 52,511.11 34,000,000.00
12/18/96 12/27/96 9 5.5800 8,438,212.25 11,787.75 8,450,000.00
12/20/96 12/30/96 10 5.4800 16,724,502.78 25,497.22 16,750,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 5
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/23/96 12/31/96 8 5.5300 16,879,231.78 20,768.22 16,900,000.00
12/26/96 12/31/96 5 5.4800 15,488,202.78 11,797.22 15,500,000.00
12/30/96 12/31/96 1 5.8000 17,697,148.33 2,851.67 17,700,000.00
12/31/96 01/03/97 3 7.2500 44,972,812.50 27,187.50 45,000,000.00
12/31/96 01/02/97 2 7.4500 15,693,501.94 6,498.06 15,700,000.00
---------------- ---------------- ----------------
CP TOTAL 405,521,249.06 328,750.94 405,850,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 501,071,249.06 404,843.96 501,476,093.02
================ ================ ================
AVERAGE NUMBER OF DAYS 4.72
WEIGHTED AVERAGE RATE 5.7175
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 6
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/02/96 10/23/96 21 5.4800 9,450,000.00 30,208.50 9,480,208.50
10/16/96 10/21/96 5 5.4100 775,000.00 582.33 775,582.33
12/31/96 01/03/97 3 6.4200 20,000,000.00 10,700.00 20,010,700.00
---------------- ---------------- ----------------
BL TOTAL 30,225,000.00 41,490.83 30,266,490.83
CP 10/01/96 10/22/96 21 5.5000 7,675,295.83 24,704.17 7,700,000.00
10/03/96 10/10/96 7 5.4700 1,173,750.26 1,249.74 1,175,000.00
10/07/96 10/11/96 4 5.4000 2,198,680.00 1,320.00 2,200,000.00
10/09/96 10/24/96 15 5.4300 997,737.50 2,262.50 1,000,000.00
10/11/96 10/24/96 13 5.3900 2,495,134.03 4,865.97 2,500,000.00
10/15/96 10/28/96 13 5.4000 9,980,500.00 19,500.00 10,000,000.00
10/15/96 10/29/96 14 5.4000 14,694,077.50 30,922.50 14,725,000.00
10/17/96 10/21/96 4 5.3500 5,596,671.11 3,328.89 5,600,000.00
10/18/96 10/25/96 7 5.3900 8,690,881.92 9,118.08 8,700,000.00
10/21/96 10/30/96 9 5.4000 3,445,342.50 4,657.50 3,450,000.00
10/22/96 10/23/96 1 5.3300 1,899,718.69 281.31 1,900,000.00
10/22/96 10/23/96 1 5.3300 2,449,637.26 362.74 2,450,000.00
10/23/96 11/06/96 14 5.4400 3,891,749.33 8,250.67 3,900,000.00
10/25/96 11/07/96 13 5.3700 7,186,038.00 13,962.00 7,200,000.00
10/28/96 11/12/96 15 5.4100 7,682,642.92 17,357.08 7,700,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 7
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/29/96 11/13/96 15 5.4100 10,276,782.08 23,217.92 10,300,000.00
10/31/96 11/13/96 13 5.4700 5,289,531.03 10,468.97 5,300,000.00
11/01/96 11/04/96 3 5.6500 7,296,562.92 3,437.08 7,300,000.00
11/01/96 11/19/96 18 5.4500 9,972,750.00 27,250.00 10,000,000.00
11/04/96 11/05/96 1 5.4500 6,998,940.28 1,059.72 7,000,000.00
11/04/96 11/08/96 4 5.4800 4,597,199.11 2,800.89 4,600,000.00
11/05/96 11/14/96 9 5.4200 2,995,935.00 4,065.00 3,000,000.00
11/06/96 11/07/96 1 5.6800 699,889.56 110.44 700,000.00
11/06/96 11/07/96 1 5.6800 1,024,838.28 161.72 1,025,000.00
11/07/96 11/21/96 14 5.4000 7,085,090.00 14,910.00 7,100,000.00
11/08/96 11/22/96 14 5.4000 3,143,385.00 6,615.00 3,150,000.00
11/12/96 11/25/96 13 5.4300 5,489,215.42 10,784.58 5,500,000.00
11/13/96 11/18/96 5 5.4000 5,096,175.00 3,825.00 5,100,000.00
11/14/96 11/26/96 12 5.4400 1,996,373.33 3,626.67 2,000,000.00
11/15/96 11/26/96 11 5.4500 1,397,668.61 2,331.39 1,400,000.00
11/18/96 12/03/96 15 5.4600 5,612,203.12 12,796.88 5,625,000.00
11/19/96 12/06/96 17 5.4500 7,231,341.32 18,658.68 7,250,000.00
11/21/96 12/09/96 18 5.4200 6,507,317.25 17,682.75 6,525,000.00
11/25/96 12/13/96 18 5.4500 3,315,939.37 9,060.63 3,325,000.00
11/26/96 12/12/96 16 5.4500 1,296,851.11 3,148.89 1,300,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 8
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/27/96 12/11/96 14 5.4500 7,309,475.07 15,524.93 7,325,000.00
12/02/96 12/17/96 15 5.5500 2,893,293.75 6,706.25 2,900,000.00
12/03/96 12/04/96 1 5.5800 1,099,829.50 170.50 1,100,000.00
12/09/96 12/17/96 8 5.4000 3,296,040.00 3,960.00 3,300,000.00
12/10/96 12/18/96 8 5.4000 14,282,840.00 17,160.00 14,300,000.00
12/11/96 12/19/96 8 5.4300 4,844,147.67 5,852.33 4,850,000.00
12/13/96 12/23/96 10 5.4000 2,396,400.00 3,600.00 2,400,000.00
12/16/96 12/26/96 10 5.5200 30,453,233.33 46,766.67 30,500,000.00
12/17/96 12/26/96 9 5.5200 8,812,821.50 12,178.50 8,825,000.00
12/18/96 12/23/96 5 5.6400 10,991,383.33 8,616.67 11,000,000.00
12/19/96 12/27/96 8 5.4800 4,319,733.11 5,266.89 4,325,000.00
12/19/96 12/27/96 8 5.5800 599,256.00 744.00 600,000.00
12/20/96 12/30/96 10 5.5800 1,397,830.00 2,170.00 1,400,000.00
12/23/96 12/31/96 8 5.5000 13,383,622.22 16,377.78 13,400,000.00
12/26/96 12/31/96 5 5.4800 35,997,580.97 27,419.03 36,025,000.00
12/27/96 12/30/96 3 5.4800 2,099,041.00 959.00 2,100,000.00
12/31/96 01/03/97 3 7.4000 29,981,500.00 18,500.00 30,000,000.00
12/31/96 01/02/97 2 7.4500 1,799,255.00 745.00 1,800,000.00
---------------- ---------------- ----------------
CP TOTAL 353,339,127.09 510,872.91 353,850,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 383,564,127.09 552,363.74 384,116,490.83
================ ================ ================
AVERAGE NUMBER OF DAYS 9.52
WEIGHTED AVERAGE RATE 5.6712
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 9
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 11/01/96 11/04/96 3 5.5200 9,000,000.00 4,140.00 9,004,140.00
12/16/96 12/20/96 4 5.4200 29,700,000.00 17,886.00 29,717,886.00
12/27/96 01/03/97 7 5.5100 3,900,000.00 4,178.42 3,904,178.42
---------------- ---------------- ----------------
BL TOTAL 42,600,000.00 26,204.42 42,626,204.42
CP 10/01/96 10/16/96 15 5.5500 7,582,425.00 17,575.00 7,600,000.00
10/02/96 10/07/96 5 5.5300 2,298,233.47 1,766.53 2,300,000.00
10/07/96 10/10/96 3 5.3800 1,824,181.79 818.21 1,825,000.00
10/08/96 10/18/96 10 5.3700 15,227,252.08 22,747.92 15,250,000.00
10/09/96 10/17/96 8 5.4700 1,298,419.78 1,580.22 1,300,000.00
10/11/96 10/16/96 5 5.3700 6,445,189.37 4,810.63 6,450,000.00
10/15/96 10/16/96 1 5.5500 1,799,722.50 277.50 1,800,000.00
10/16/96 10/22/96 6 5.4000 2,897,390.00 2,610.00 2,900,000.00
10/18/96 10/22/96 4 5.2700 10,243,998.06 6,001.94 10,250,000.00
10/21/96 10/23/96 2 5.3800 1,249,626.39 373.61 1,250,000.00
10/22/96 10/23/96 1 5.3600 3,599,464.00 536.00 3,600,000.00
11/01/96 11/06/96 5 5.4600 9,992,416.67 7,583.33 10,000,000.00
11/04/96 11/05/96 1 5.4500 4,349,341.46 658.54 4,350,000.00
11/04/96 11/07/96 3 5.4800 4,997,716.67 2,283.33 5,000,000.00
11/05/96 11/08/96 3 5.4500 2,998,637.50 1,362.50 3,000,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 10
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/06/96 11/13/96 7 5.4800 9,689,664.11 10,335.89 9,700,000.00
11/07/96 11/18/96 11 5.4400 3,993,351.11 6,648.89 4,000,000.00
11/08/96 11/19/96 11 5.4300 2,296,183.92 3,816.08 2,300,000.00
11/12/96 11/13/96 1 5.4800 4,899,254.11 745.89 4,900,000.00
11/13/96 11/15/96 2 5.4000 724,782.50 217.50 725,000.00
11/18/96 11/19/96 1 5.5000 3,899,404.17 595.83 3,900,000.00
12/02/96 12/03/96 1 5.9000 5,699,065.83 934.17 5,700,000.00
12/03/96 12/04/96 1 5.5800 2,449,620.25 379.75 2,450,000.00
12/09/96 12/11/96 2 5.4000 14,995,500.00 4,500.00 15,000,000.00
12/09/96 12/17/96 8 5.4300 23,871,160.67 28,839.33 23,900,000.00
12/11/96 12/13/96 2 5.3500 13,096,106.39 3,893.61 13,100,000.00
12/13/96 12/18/96 5 5.4300 9,942,496.04 7,503.96 9,950,000.00
12/17/96 12/26/96 9 5.5200 12,832,267.00 17,733.00 12,850,000.00
12/18/96 12/27/96 9 5.6600 7,739,033.75 10,966.25 7,750,000.00
12/20/96 12/30/96 10 5.4500 25,361,547.22 38,452.78 25,400,000.00
12/23/96 12/31/96 8 5.5000 5,293,522.22 6,477.78 5,300,000.00
12/26/96 12/31/96 5 5.4800 12,590,410.00 9,590.00 12,600,000.00
12/30/96 12/31/96 1 5.8000 27,045,641.94 4,358.06 27,050,000.00
12/31/96 01/03/97 3 7.0500 29,982,375.00 17,625.00 30,000,000.00
12/31/96 01/02/97 2 7.4500 9,596,026.67 3,973.33 9,600,000.00
---------------- ---------------- ----------------
CP TOTAL 302,801,427.64 248,572.36 303,050,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 11
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 345,401,427.64 274,776.78 345,676,204.42
================ ================ ================
AVERAGE NUMBER OF DAYS 4.87
WEIGHTED AVERAGE RATE 5.6746
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 12
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/09/96 10/29/96 20 5.4500 450,000.00 1,362.50 451,362.50
10/17/96 10/22/96 5 5.3700 725,000.00 540.73 725,540.73
10/22/96 10/30/96 8 5.4700 175,000.00 212.72 175,212.72
10/29/96 11/06/96 8 5.4800 325,000.00 395.78 325,395.78
10/30/96 11/14/96 15 5.4500 650,000.00 1,476.04 651,476.04
11/15/96 11/26/96 11 5.4500 6,800,000.00 11,323.89 6,811,323.89
11/18/96 11/25/96 7 5.4624 700,000.00 743.49 700,743.49
11/27/96 12/27/96 30 5.4424 2,400,000.00 10,884.80 2,410,884.80
12/19/96 12/30/96 11 5.4800 1,175,000.00 1,967.47 1,176,967.47
12/27/96 01/03/97 7 5.5100 3,800,000.00 4,071.28 3,804,071.28
12/31/96 01/03/97 3 6.2000 30,000,000.00 15,500.00 30,015,500.00
---------------- ---------------- ----------------
BL TOTAL 47,200,000.00 48,478.70 47,248,478.70
CP 10/01/96 10/25/96 24 5.5500 1,220,467.50 4,532.50 1,225,000.00
10/04/96 10/23/96 19 5.4800 1,096,818.56 3,181.44 1,100,000.00
10/08/96 10/31/96 23 5.4400 6,801,279.33 23,720.67 6,825,000.00
10/08/96 10/31/96 23 5.4400 996,524.44 3,475.56 1,000,000.00
10/11/96 11/05/96 25 5.4200 2,889,084.72 10,915.28 2,900,000.00
10/15/96 11/08/96 24 5.4300 6,576,108.00 23,892.00 6,600,000.00
10/16/96 11/12/96 27 5.4500 1,020,810.31 4,189.69 1,025,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 13
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/18/96 11/13/96 26 5.4200 2,241,192.50 8,807.50 2,250,000.00
10/21/96 10/23/96 2 5.3300 5,798,282.56 1,717.44 5,800,000.00
10/23/96 11/15/96 23 5.4400 4,683,664.89 16,335.11 4,700,000.00
10/25/96 11/13/96 19 5.3800 1,994,321.11 5,678.89 2,000,000.00
10/31/96 11/19/96 19 5.4400 8,076,744.00 23,256.00 8,100,000.00
11/01/96 11/22/96 21 5.4500 8,273,612.92 26,387.08 8,300,000.00
11/05/96 11/26/96 21 5.4200 2,292,728.17 7,271.83 2,300,000.00
11/08/96 12/11/96 33 5.4300 5,771,130.50 28,869.50 5,800,000.00
11/13/96 12/06/96 23 5.4400 1,893,396.44 6,603.56 1,900,000.00
11/14/96 12/04/96 20 5.4400 1,296,071.11 3,928.89 1,300,000.00
11/15/96 11/18/96 3 5.8000 419,797.00 203.00 420,000.00
11/15/96 11/18/96 3 5.8000 1,579,236.33 763.67 1,580,000.00
11/19/96 12/11/96 22 5.4500 3,887,010.83 12,989.17 3,900,000.00
11/19/96 12/11/96 22 5.4500 4,285,678.61 14,321.39 4,300,000.00
11/22/96 12/17/96 25 5.4500 6,599,926.22 25,073.78 6,625,000.00
11/25/96 12/18/96 23 5.4500 8,694,620.03 30,379.97 8,725,000.00
11/26/96 12/20/96 24 5.4700 7,146,842.46 26,157.54 7,173,000.00
11/26/96 12/20/96 24 5.4700 2,517,784.87 9,215.13 2,527,000.00
12/04/96 12/27/96 23 5.5500 597,872.50 2,127.50 600,000.00
12/06/96 12/11/96 5 5.4100 224,830.94 169.06 225,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 14
<CATPION>
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/06/96 12/11/96 5 5.4100 1,673,741.42 1,258.58 1,675,000.00
12/10/96 12/17/96 7 5.4000 1,698,215.00 1,785.00 1,700,000.00
12/11/96 12/31/96 20 5.4500 14,456,097.22 43,902.78 14,500,000.00
12/13/96 12/31/96 18 5.4500 3,939,236.25 10,763.75 3,950,000.00
12/16/96 12/26/96 10 5.5700 354,450.74 549.26 355,000.00
12/16/96 12/26/96 10 5.5700 1,742,300.10 2,699.90 1,745,000.00
12/17/96 12/31/96 14 5.5700 8,556,425.60 18,574.40 8,575,000.00
12/18/96 12/30/96 12 5.6200 10,405,470.50 19,529.50 10,425,000.00
12/20/96 01/03/97 14 5.9900 9,851,996.74 23,003.26 9,875,000.00
12/23/96 12/31/96 8 5.6000 12,584,320.00 15,680.00 12,600,000.00
12/26/96 12/31/96 5 5.5000 210,838.82 161.18 211,000.00
12/26/96 12/31/96 5 5.5000 1,387,938.96 1,061.04 1,389,000.00
12/30/96 12/31/96 1 5.7500 12,248,043.40 1,956.60 12,250,000.00
12/31/96 01/02/97 2 7.1000 7,996,844.44 3,155.56 8,000,000.00
---------------- ---------------- ----------------
CP TOTAL 185,981,756.04 468,243.96 186,450,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 233,181,756.04 516,722.66 233,698,478.70
================ ================ ================
AVERAGE NUMBER OF DAYS 15.42
WEIGHTED AVERAGE RATE 5.6615
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 15
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/04/96 10/10/96 6 5.5200 3,375,000.00 3,105.00 3,378,105.00
10/07/96 10/10/96 3 5.4900 100,000.00 45.75 100,045.75
10/08/96 10/11/96 3 5.2700 750,000.00 329.38 750,329.38
10/10/96 10/16/96 6 5.4600 2,600,000.00 2,366.00 2,602,366.00
10/11/96 10/17/96 6 5.5200 275,000.00 253.00 275,253.00
10/16/96 10/18/96 2 5.4000 1,400,000.00 420.00 1,400,420.00
10/17/96 10/22/96 5 5.5200 225,000.00 172.50 225,172.50
10/18/96 10/25/96 7 5.5200 1,250,000.00 1,341.67 1,251,341.67
10/23/96 11/05/96 13 5.5200 4,000,000.00 7,973.33 4,007,973.33
10/25/96 11/08/96 14 5.5200 1,000,000.00 2,146.67 1,002,146.67
11/05/96 11/13/96 8 5.5200 2,850,000.00 3,496.00 2,853,496.00
11/13/96 11/15/96 2 5.4000 2,225,000.00 667.50 2,225,667.50
11/15/96 11/19/96 4 5.5200 2,100,000.00 1,288.00 2,101,288.00
11/19/96 11/22/96 3 5.3300 675,000.00 299.81 675,299.81
11/22/96 12/03/96 11 5.5200 400,000.00 674.67 400,674.67
11/25/96 12/06/96 11 5.5200 4,125,000.00 6,957.50 4,131,957.50
12/06/96 12/10/96 4 5.5200 3,300,000.00 2,024.00 3,302,024.00
12/10/96 12/11/96 1 5.3300 2,075,000.00 307.22 2,075,307.22
12/11/96 12/13/96 2 5.3300 1,925,000.00 570.01 1,925,570.01
12/13/96 12/17/96 4 5.5200 1,675,000.00 1,027.33 1,676,027.33
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 16
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 12/16/96 12/20/96 4 5.5200 575,000.00 352.67 575,352.67
12/17/96 12/20/96 3 5.4600 1,450,000.00 659.75 1,450,659.75
12/20/96 01/03/97 14 6.0200 875,000.00 2,048.47 877,048.47
12/26/96 01/03/97 8 6.6100 4,350,000.00 6,389.67 4,356,389.67
---------------- ---------------- ----------------
BL TOTAL 43,575,000.00 44,915.90 43,619,915.90
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 43,575,000.00 44,915.90 43,619,915.90
================ ================ ================
AVERAGE NUMBER OF DAYS 6.00
WEIGHTED AVERAGE RATE 5.5985
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 17
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/17/96 10/24/96 7 5.4000 800,000.00 840.00 800,840.00
12/27/96 01/03/97 7 5.5100 4,600,000.00 4,928.39 4,604,928.39
---------------- ---------------- ----------------
BL TOTAL 5,400,000.00 5,768.39 5,405,768.39
CP 10/01/96 10/03/96 2 5.5300 9,097,204.28 2,795.72 9,100,000.00
10/02/96 10/16/96 14 5.5500 11,475,179.17 24,820.83 11,500,000.00
10/03/96 10/16/96 13 5.5000 10,279,543.06 20,456.94 10,300,000.00
10/07/96 10/09/96 2 5.3500 4,398,692.22 1,307.78 4,400,000.00
10/08/96 10/17/96 9 5.3700 14,979,862.50 20,137.50 15,000,000.00
10/08/96 10/18/96 10 5.3700 8,087,917.50 12,082.50 8,100,000.00
10/09/96 10/25/96 16 5.4600 1,621,056.67 3,943.33 1,625,000.00
10/11/96 10/22/96 11 5.4300 14,975,112.50 24,887.50 15,000,000.00
10/15/96 10/18/96 3 5.5000 16,592,391.67 7,608.33 16,600,000.00
10/16/96 10/23/96 7 5.4000 10,788,660.00 11,340.00 10,800,000.00
10/18/96 10/25/96 7 5.3700 14,984,337.50 15,662.50 15,000,000.00
10/18/96 10/29/96 11 5.3900 4,617,382.88 7,617.12 4,625,000.00
10/22/96 10/29/96 7 5.4300 5,893,770.58 6,229.42 5,900,000.00
10/23/96 10/31/96 8 5.4500 14,981,833.33 18,166.67 15,000,000.00
10/23/96 11/06/96 14 5.4500 7,883,256.39 16,743.61 7,900,000.00
10/25/96 11/08/96 14 5.4300 13,770,859.00 29,141.00 13,800,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 18
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/28/96 11/12/96 15 5.4500 7,981,833.33 18,166.67 8,000,000.00
10/29/96 11/13/96 15 5.4400 12,072,573.33 27,426.67 12,100,000.00
11/01/96 11/14/96 13 5.4700 4,990,123.61 9,876.39 5,000,000.00
11/01/96 11/14/96 13 5.4700 2,594,864.28 5,135.72 2,600,000.00
11/04/96 11/05/96 1 5.4500 10,598,395.28 1,604.72 10,600,000.00
11/05/96 11/19/96 14 5.4400 12,473,555.56 26,444.44 12,500,000.00
11/06/96 11/19/96 13 5.4700 5,888,345.86 11,654.14 5,900,000.00
11/08/96 11/21/96 13 5.4300 13,323,822.87 26,177.13 13,350,000.00
11/12/96 11/18/96 6 5.4700 10,190,701.00 9,299.00 10,200,000.00
11/13/96 11/14/96 1 5.3800 3,699,447.06 552.94 3,700,000.00
11/14/96 11/22/96 8 5.4700 10,412,327.83 12,672.17 10,425,000.00
11/15/96 11/18/96 3 5.8000 949,540.83 459.17 950,000.00
11/18/96 11/25/96 7 5.5000 6,343,209.03 6,790.97 6,350,000.00
11/19/96 11/20/96 1 5.3300 2,999,555.83 444.17 3,000,000.00
11/20/96 11/26/96 6 5.5000 5,694,775.00 5,225.00 5,700,000.00
11/21/96 11/27/96 6 5.4500 1,598,546.67 1,453.33 1,600,000.00
11/22/96 11/27/96 5 5.4300 3,097,662.08 2,337.92 3,100,000.00
11/26/96 11/27/96 1 5.4000 2,199,670.00 330.00 2,200,000.00
11/27/96 12/03/96 6 5.5500 10,889,917.50 10,082.50 10,900,000.00
12/02/96 12/06/96 4 5.6500 15,390,332.22 9,667.78 15,400,000.00
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 19
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/03/96 12/11/96 8 5.5400 12,884,118.67 15,881.33 12,900,000.00
12/06/96 12/13/96 7 5.4200 12,886,404.83 13,595.17 12,900,000.00
12/09/96 12/17/96 8 5.4300 2,796,621.33 3,378.67 2,800,000.00
12/10/96 12/18/96 8 5.4200 29,963,866.67 36,133.33 30,000,000.00
12/10/96 12/17/96 7 5.4200 4,395,362.89 4,637.11 4,400,000.00
12/11/96 12/17/96 6 5.4300 8,492,307.50 7,692.50 8,500,000.00
12/13/96 12/19/96 6 5.4500 11,689,372.50 10,627.50 11,700,000.00
12/16/96 12/20/96 4 5.7000 23,984,800.00 15,200.00 24,000,000.00
12/16/96 12/23/96 7 5.5700 6,492,960.14 7,039.86 6,500,000.00
12/17/96 12/23/96 6 5.5200 5,694,756.00 5,244.00 5,700,000.00
12/18/96 12/26/96 8 5.6600 19,675,221.78 24,778.22 19,700,000.00
12/20/96 12/27/96 7 5.4500 22,176,474.17 23,525.83 22,200,000.00
12/23/96 12/31/96 8 5.5000 9,688,144.44 11,855.56 9,700,000.00
12/26/96 12/31/96 5 5.4500 9,193,036.11 6,963.89 9,200,000.00
12/27/96 12/31/96 4 5.4700 14,990,883.33 9,116.67 15,000,000.00
12/31/96 01/06/97 6 6.8000 1,500,297.73 1,702.27 1,502,000.00
12/31/96 01/03/97 3 7.0500 24,985,312.50 14,687.50 25,000,000.00
12/31/96 01/02/97 2 7.4500 10,195,778.33 4,221.67 10,200,000.00
---------------- ---------------- ----------------
CP TOTAL 539,501,977.34 625,022.66 540,127,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 544,901,977.34 630,791.05 545,532,768.39
================ ================ ================
AVERAGE NUMBER OF DAYS 7.55
WEIGHTED AVERAGE RATE 5.5912
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 20
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/02/96 10/15/96 13 5.6300 325,000.00 660.74 325,660.74
10/08/96 10/18/96 10 5.5900 975,000.00 1,513.96 976,513.96
10/11/96 10/16/96 5 5.5200 3,950,000.00 3,028.33 3,953,028.33
10/15/96 10/22/96 7 5.5700 300,000.00 324.92 300,324.92
10/16/96 10/18/96 2 5.5200 3,800,000.00 1,165.33 3,801,165.33
10/18/96 10/25/96 7 5.4800 4,150,000.00 4,422.06 4,154,422.06
10/23/96 11/06/96 14 5.5700 2,275,000.00 4,927.90 2,279,927.90
10/25/96 10/29/96 4 5.4500 3,700,000.00 2,240.56 3,702,240.56
10/29/96 11/08/96 10 5.5800 3,525,000.00 5,463.75 3,530,463.75
10/30/96 11/14/96 15 5.5500 125,000.00 289.06 125,289.06
11/01/96 11/12/96 11 5.5700 325,000.00 553.13 325,553.13
11/06/96 11/13/96 7 5.5700 1,950,000.00 2,111.96 1,952,111.96
11/08/96 11/15/96 7 5.5200 3,225,000.00 3,461.50 3,228,461.50
11/12/96 11/18/96 6 5.5700 200,000.00 185.67 200,185.67
11/13/96 11/19/96 6 5.5700 1,550,000.00 1,438.92 1,551,438.92
11/15/96 11/22/96 7 5.5500 3,025,000.00 3,264.48 3,028,264.48
11/18/96 11/21/96 3 5.5100 100,000.00 45.92 100,045.92
11/19/96 11/21/96 2 5.3800 100,000.00 29.89 100,029.89
11/20/96 11/21/96 1 5.7600 125,000.00 20.00 125,020.00
11/22/96 12/03/96 11 5.5800 2,125,000.00 3,623.13 2,128,623.13
/TABLE
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
PAGE: 21
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 12/31/96
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 11/25/96 12/06/96 11 5.5700 4,300,000.00 7,318.36 4,307,318.36
12/03/96 12/11/96 8 5.6700 1,375,000.00 1,732.50 1,376,732.50
12/06/96 12/13/96 7 5.5700 4,025,000.00 4,359.30 4,029,359.30
12/11/96 12/18/96 7 5.5200 1,025,000.00 1,100.17 1,026,100.17
12/13/96 12/20/96 7 5.5700 3,675,000.00 3,980.23 3,678,980.23
12/16/96 12/23/96 7 5.5700 625,000.00 676.91 625,676.91
12/18/96 12/26/96 8 5.5900 175,000.00 217.39 175,217.39
12/20/96 12/27/96 7 5.5700 1,550,000.00 1,678.74 1,551,678.74
12/23/96 01/06/97 14 6.0700 800,000.00 1,888.44 801,888.44
12/26/96 01/06/97 11 6.2700 5,175,000.00 9,914.44 5,184,914.44
12/27/96 01/07/97 11 5.4000 700,000.00 1,155.00 701,155.00
---------------- ---------------- ----------------
BL TOTAL 59,275,000.00 72,792.69 59,347,792.69
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 59,275,000.00 72,792.69 59,347,792.69
================ ================ ================
AVERAGE NUMBER OF DAYS 7.94
WEIGHTED AVERAGE RATE 5.6148
</TABLE>
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