UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
_____________________________________________
:
In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. : CERTIFICATE OF
1 Riverside Plaza : NOTIFICATION
Columbus, Ohio 43215 : NO. 12
:
(70-8429) :
:
(Public Utility Holding Company Act of 1935) :
_____________________________________________:
THIS IS TO CERTIFY THAT AMERICAN ELECTRIC POWER COMPANY,
INC. ("American"), in accordance with the terms and conditions
of, and for the purposes represented by, the Application -
Declaration herein and the Order of the Securities and Exchange
Commission with respect thereto, dated December 22, 1994, HCAR
No. 35-26200 (the "Order"), has carried out the transactions set
forth below:
1. During the calendar quarter ended December 31, 1997,
American guaranteed the bank loans to AEP Resources
International, Limited ("AEPRIL") listed on Exhibit A attached
hereto.
2. During the calendar quarter ended December 31, 1997,
American guaranteed the bank loans to AEP Resources, Inc.
("Resources") listed on Exhibits B and C attached hereto.
2. During the calendar quarter ended December 31, 1997,
Resources made $511,890.77 in capital contributions to AEPR
Global Ventures B.V. as follows: (i) $16,600.00 on October 20,
1997; (ii) $2,800.00 on December 10, 1997; (iii) $39,500.00 on
December 11, 1997; and (iv) $452,990.77 on December 15, 1997.
AEPR Global Ventures B.V. is a Project Parent, formed to bid on
an interest in Loy Yang Power, which would have been a foreign
utility company.
During the calendar quarter ended December 31, 1997,
Resources made in capital contributions to AEP Resources
Delaware, Inc. as follows: (i) $1,795,500 on October 15, 1997;
(ii) $4,289,000 on November 13, 1997; and (iii) $4,121,000 on
December 15, 1997.
Resources made capital contributions to AEP Resources
International, Limited ("AEPRIL") as follows:
(i) $ 62,183.88 on October 9, 1997;
(ii) $ 228,195.00 on October 16, 1997;
(iii) $ 72,695.70 on October 31, 1997;
(iv) $2,216,808.00 on November 19, 1997;
(v) $ 39,313.89 on November 26, 1997;
(vi) $ 28,710.00 on December 10, 1997;
(vii) $2,132,460.00 on December 18, 1997; and
(viii) $ 33,769.89 on December 24, 1997.
Resources also made $48,627.64 in capital contributions
to AEP Resources Project Management Company, Ltd. ("AEPPMC") as
follows:
(i) $ 628.12 on October 9, 1997;
(ii) $ 2,305.00 on October 16, 1997;
(iii) $ 734.30 on October 31, 1997;
(iv) $ 22,392.00 on November 19, 1997;
(v) $ 397.11 on November 26, 1997;
(vi) $ 290.00 on December 10, 1997;
(vii) $ 21,540.00 on December 18, 1997; and
(viii) $ 341.11 on December 24, 1997.
Expenses of AEP Pushan Power, LDC, a subsidiary of AEPPMC and
AEPRIL, in the amount of ($219,896.28), were capitalized during
the quarter ended December 31, 1997. The total amount
capitalized in 1997 is $1,497,395.67. AEP Resources Delaware,
Inc., AEPRIL and AEPPMC are Project Parents for Nanyang General
Light Electric Co. Ltd., a foreign utility company.
3. American's total investments for the year-to-date is
$404,744,000.00.
This Certificate of Notification is filed pursuant to the
Commission's Order in this proceeding.
AMERICAN ELECTRIC POWER COMPANY, INC.
By: /s/ G. P. Maloney
Vice President
February 28, 1998
Exhibit A
AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
QUARTERLY SHORT-TERM DEBT REPORT
AEP RESOURCES INTERNATIONAL, LIMITED
<TABLE>
<CAPTION>
Issue Maturity Interest Principal Maturity
Date Date Days Rate % Borrowed Interest Value
<S> <C> <C> <C> <C> <C> <C>
12/11/97 12/19/97 8 5.8300 200,000.00 259.11 200,259.11
12/19/97 01/06/98 18 6.5200 200,000.00 652.00 200,652.00
TOTAL $ 400,000.00 $ 911.11 $ 400,911.11
AEP RESOURCES INTERNATIONAL, LIMITED TOTAL $ 400,000.00 $ 911.11 $ 400,911.11
</TABLE>
Average Number of Days 13.00
Weighted Average Rate 6.1750
Exhibit B
AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
QUARTERLY SHORT-TERM DEBT REPORT
AEP RESOURCES, INC.
<TABLE>
<CAPTION>
Issue Maturity Interest Principal Maturity
Date Date Days Rate % Borrowed Interest Value
<S> <C> <C> <C> <C> <C> <C>
10/03/97 10/30/97 27 5.8300 $ 200,000.00 $ 874.50 $ 200,874.50
10/14/97 10/30/97 16 5.7959 2,225,000.00 5,731.50 2,230,731.50
10/16/97 10/30/97 14 5.7959 14,700,000.00 33,133.23 14,733,133.23
10/16/97 10/30/97 14 5.7625 10,000,000.00 22,409.72 10,022,409.72
10/20/97 10/30/97 10 5.8300 250,000.00 404.86 250,404.86
10/30/97 12/04/97 35 5.8063 20,000,000.00 112,900.28 20,112,900.28
10/30/97 11/25/97 26 5.7900 8,600,000.00 35,962.33 8,635,962.33
11/13/97 11/25/97 12 5.7959 6,600,000.00 12,750.98 6,612,750.98
11/20/97 12/04/97 14 5.8300 1,200,000.00 2,720.67 1,202,720.67
12/01/97 12/09/97 8 5.9000 200,000.00 262.22 200,262.22
12/04/97 12/15/97 11 5.8900 8,000,000.00 14,397.78 8,014,397.78
12/04/97 12/15/97 11 5.7959 10,000,000.00 17,709.69 10,017,709.69<PAGE>
12/08/97 12/15/97 7 5.8200 500,000.00 565.83 500,565.83
12/15/97 01/02/98 18 5.8300 6,750,000.00 19,676.25 6,769,676.25
12/15/97 01/02/98 18 5.8059 20,000,000.00 58,059.00 20,058,059.00
12/16/97 01/02/98 17 6.0800 4,200,000.00 12,058.67 4,212,058.67
12/19/97 01/02/98 14 6.3900 1,100,000.00 2,733.50 1,102,733.50
12/24/97 01/02/98 9 5.9892 700,000.00 1,048.11 701,048.11
12/31/97 01/02/98 2 6.9500 150,000.00 57.92 150,057.92
TOTAL 115,375,000.00 353,457.04 115,728,457.04
AEP RESOURCES, INC. TOTAL $115,375.000.00 $353,457.04 $115,728,457.04
</TABLE>
Average Number of Days 14.89
Weighted Average Rate 5.8241
Exhibit C
QUARTERLY DEBT REPORT
AEP RESOURCES, INC.
<TABLE>
<CAPTION>
Issue Maturity Interest Principal
Date Date Rate % Borrowed
<S> <C> <C> <C>
09/16/97 03/16/98 6.1175 $255,000,000.00
</TABLE>
