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Previous: AMERICAN CRYSTAL SUGAR CO /MN/, 10-Q, 1998-04-09 |
Next: AMERICAN HERITAGE LIFE INVESTMENT CORP, 10-K/A, 1998-04-09 |
<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. 9
(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,
Kentucky Power Company, Columbus Southern Power Company,
Indiana Michigan Power Company, Kingsport Power Company, Ohio
Power Company, and Wheeling Power Company made short-term note
borrowings from banks during the calendar quarter ended March
31, 1998; American Electric Power Company, Inc., Appalachian
Power Company, sold commercial paper to Lehman Brothers
Commercial Paper, Incorporated; Appalachian Power Company sold
commercial paper to First Chicago; 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 March 31, 1998.
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: April 9, 1998
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
First Quarter of the Calendar Year 1998
Month Actual Prime Rates*
January 1 - March 31 8.50%
* 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 DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 1
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 03/31/98
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 01/05/98 01/21/98 16 5.8900 1,925,000.00 5,039.22 1,930,039.22
01/06/98 01/23/98 17 5.8300 12,325,000.00 33,931.41 12,358,931.41
01/14/98 01/26/98 12 5.8300 3,500,000.00 6,801.67 3,506,801.67
01/20/98 01/22/98 2 5.7000 1,750,000.00 554.17 1,750,554.17
01/21/98 01/22/98 1 5.6400 1,925,000.00 301.58 1,925,301.58
01/23/98 01/26/98 3 5.5800 10,350,000.00 4,812.75 10,354,812.75
01/26/98 01/30/98 4 5.7000 400,000.00 253.33 400,253.33
01/28/98 02/18/98 21 5.8300 2,000,000.00 6,801.67 2,006,801.67
01/30/98 02/18/98 19 5.8300 500,000.00 1,538.47 501,538.47
02/02/98 02/18/98 16 5.8300 400,000.00 1,036.44 401,036.44
02/06/98 02/18/98 12 5.7800 900,000.00 1,734.00 901,734.00
02/09/98 02/18/98 9 5.7700 2,000,000.00 2,885.00 2,002,885.00
02/18/98 02/20/98 2 5.7600 6,000,000.00 1,920.00 6,001,920.00
02/18/98 02/23/98 5 5.7600 625,000.00 500.00 625,500.00
02/20/98 02/23/98 3 5.6400 2,675,000.00 1,257.25 2,676,257.25
03/02/98 03/18/98 16 5.8300 22,300,000.00 57,781.78 22,357,781.78
03/09/98 03/23/98 14 5.7200 2,925,000.00 6,506.50 2,931,506.50
03/11/98 03/23/98 12 5.7200 4,000,000.00 7,626.67 4,007,626.67
03/18/98 03/20/98 2 5.7200 5,000,000.00 1,588.89 5,001,588.89
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 2
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 03/31/98
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 03/18/98 03/23/98 5 5.7700 5,000,000.00 4,006.94 5,004,006.94
03/18/98 04/15/98 28 5.8300 12,375,000.00 56,113.75 12,431,113.75
03/25/98 04/01/98 7 5.8800 200,000.00 228.67 200,228.67
03/27/98 04/24/98 28 5.8400 1,500,000.00 6,813.33 1,506,813.33
03/31/98 04/24/98 24 5.9000 1,100,000.00 4,326.67 1,104,326.67
---------------- ---------------- ----------------
BL TOTAL 101,675,000.00 214,360.16 101,889,360.16
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 101,675,000.00 214,360.16 101,889,360.16
================ ================ ================
AVERAGE NUMBER OF DAYS 11.58
WEIGHTED AVERAGE RATE 5.7733
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 3
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 03/31/98
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 02/02/98 02/13/98 11 5.7300 600,000.00 1,050.50 601,050.50
02/03/98 02/13/98 10 5.7300 1,200,000.00 1,910.00 1,201,910.00
02/05/98 02/13/98 8 5.6700 100,000.00 126.00 100,126.00
03/20/98 03/27/98 7 5.7000 750,000.00 831.25 750,831.25
03/31/98 04/23/98 23 5.8000 3,000,000.00 11,116.67 3,011,116.67
---------------- ---------------- ----------------
BL TOTAL 5,650,000.00 15,034.42 5,665,034.42
CP 01/06/98 01/29/98 23 5.7000 24,908,958.33 91,041.67 25,000,000.00
01/06/98 02/26/98 51 5.7500 24,796,354.17 203,645.83 25,000,000.00
01/06/98 01/21/98 15 5.7500 3,741,015.62 8,984.38 3,750,000.00
01/12/98 02/26/98 45 5.6700 2,680,863.75 19,136.25 2,700,000.00
01/21/98 02/18/98 28 5.6800 3,783,212.44 16,787.56 3,800,000.00
01/29/98 02/26/98 28 5.7000 25,088,280.00 111,720.00 25,200,000.00
02/13/98 03/09/98 24 5.6700 11,904,829.00 45,171.00 11,950,000.00
02/18/98 03/16/98 26 5.6800 3,884,001.33 15,998.67 3,900,000.00
02/26/98 03/10/98 12 5.7100 49,904,833.33 95,166.67 50,000,000.00
03/02/98 03/27/98 25 5.7600 15,537,600.00 62,400.00 15,600,000.00
03/09/98 04/15/98 37 5.7700 11,953,688.41 71,311.59 12,025,000.00
03/10/98 03/11/98 1 5.6200 2,999,531.67 468.33 3,000,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 4
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 03/31/98
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 03/10/98 03/16/98 6 5.7000 3,196,960.00 3,040.00 3,200,000.00
03/11/98 03/27/98 16 5.7000 2,219,363.33 5,636.67 2,225,000.00
03/12/98 03/27/98 15 5.7000 3,990,500.00 9,500.00 4,000,000.00
03/13/98 03/27/98 14 5.6900 3,991,148.89 8,851.11 4,000,000.00
03/16/98 03/27/98 11 5.7100 8,285,518.81 14,481.19 8,300,000.00
03/17/98 03/23/98 6 5.7000 999,050.00 950.00 1,000,000.00
03/18/98 03/27/98 9 5.6800 1,947,231.00 2,769.00 1,950,000.00
03/19/98 03/31/98 12 5.6800 998,106.67 1,893.33 1,000,000.00
03/23/98 04/23/98 31 5.8000 1,741,259.72 8,740.28 1,750,000.00
03/27/98 04/23/98 27 5.8400 22,899,260.00 100,740.00 23,000,000.00
---------------- ---------------- ----------------
CP TOTAL 231,451,566.47 898,433.53 232,350,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 237,101,566.47 913,467.95 238,015,034.42
================ ================ ================
AVERAGE NUMBER OF DAYS 19.30
WEIGHTED AVERAGE RATE 5.7277
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 5
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 03/31/98
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 02/17/98 02/25/98 8 5.7300 13,000,000.00 16,553.33 13,016,553.33
02/18/98 02/24/98 6 5.7000 4,275,000.00 4,061.25 4,279,061.25
03/13/98 03/17/98 4 5.6400 8,000,000.00 5,013.33 8,005,013.33
---------------- ---------------- ----------------
BL TOTAL 25,275,000.00 25,627.91 25,300,627.91
CP 01/02/98 01/07/98 5 5.9300 5,895,140.69 4,859.31 5,900,000.00
01/05/98 01/16/98 11 5.8000 26,053,745.00 46,255.00 26,100,000.00
01/06/98 01/20/98 14 5.7000 29,933,500.00 66,500.00 30,000,000.00
01/06/98 01/21/98 15 5.7000 29,928,750.00 71,250.00 30,000,000.00
01/06/98 01/13/98 7 5.6700 21,975,745.00 24,255.00 22,000,000.00
01/07/98 01/08/98 1 5.5300 8,398,709.67 1,290.33 8,400,000.00
01/09/98 01/22/98 13 5.5800 19,685,254.12 39,745.88 19,725,000.00
01/12/98 01/14/98 2 5.6500 6,622,920.49 2,079.51 6,625,000.00
01/13/98 01/23/98 10 5.6800 16,573,808.89 26,191.11 16,600,000.00
01/16/98 01/27/98 11 5.6300 14,974,195.83 25,804.17 15,000,000.00
01/16/98 01/29/98 13 5.6300 12,274,993.42 25,006.58 12,300,000.00
01/20/98 02/06/98 17 5.6300 14,960,120.83 39,879.17 15,000,000.00
01/20/98 02/10/98 21 5.6300 14,950,737.50 49,262.50 15,000,000.00
01/20/98 01/28/98 8 5.6300 1,498,123.33 1,876.67 1,500,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 6
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 03/31/98
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 01/21/98 02/13/98 23 5.6300 17,835,614.69 64,385.31 17,900,000.00
01/22/98 01/26/98 4 5.6000 11,992,533.33 7,466.67 12,000,000.00
01/23/98 02/06/98 14 5.6300 13,171,099.33 28,900.67 13,200,000.00
01/26/98 02/11/98 16 5.6500 8,478,655.56 21,344.44 8,500,000.00
01/27/98 02/09/98 13 5.6500 4,490,818.75 9,181.25 4,500,000.00
01/29/98 02/17/98 19 5.6500 4,810,612.12 14,387.88 4,825,000.00
01/30/98 02/12/98 13 5.6500 17,813,581.04 36,418.96 17,850,000.00
02/06/98 02/12/98 6 5.6000 25,076,573.33 23,426.67 25,100,000.00
02/09/98 02/17/98 8 5.6000 4,294,648.89 5,351.11 4,300,000.00
02/10/98 02/18/98 8 5.6500 10,087,318.89 12,681.11 10,100,000.00
02/11/98 02/19/98 8 5.6400 4,993,733.33 6,266.67 5,000,000.00
02/12/98 02/18/98 6 5.6400 29,971,800.00 28,200.00 30,000,000.00
02/12/98 02/20/98 8 5.6400 7,989,973.33 10,026.67 8,000,000.00
02/13/98 02/24/98 11 5.6500 16,571,341.94 28,658.06 16,600,000.00
02/18/98 02/20/98 2 5.7000 14,995,250.00 4,750.00 15,000,000.00
02/18/98 02/23/98 5 5.6800 11,790,691.11 9,308.89 11,800,000.00
02/20/98 03/03/98 11 5.6300 38,633,425.25 66,574.75 38,700,000.00
02/23/98 02/26/98 3 5.6800 10,994,793.33 5,206.67 11,000,000.00
02/24/98 03/03/98 7 5.6800 31,090,624.17 34,375.83 31,125,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 7
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 03/31/98
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 02/26/98 03/03/98 5 5.7800 6,195,022.78 4,977.22 6,200,000.00
02/27/98 03/03/98 4 5.8500 24,983,750.00 16,250.00 25,000,000.00
03/02/98 03/04/98 2 5.8600 24,991,861.11 8,138.89 25,000,000.00
03/02/98 03/18/98 16 5.8100 29,922,533.33 77,466.67 30,000,000.00
03/02/98 03/19/98 17 5.8100 22,936,896.94 63,103.06 23,000,000.00
03/04/98 03/09/98 5 5.6500 9,692,388.19 7,611.81 9,700,000.00
03/04/98 03/11/98 7 5.6500 9,989,013.89 10,986.11 10,000,000.00
03/05/98 03/13/98 8 5.6500 4,993,722.22 6,277.78 5,000,000.00
03/06/98 03/11/98 5 5.6400 3,597,180.00 2,820.00 3,600,000.00
03/09/98 03/16/98 7 5.6700 6,392,944.00 7,056.00 6,400,000.00
03/10/98 03/11/98 1 5.6300 2,999,530.83 469.17 3,000,000.00
03/10/98 03/16/98 6 5.6800 19,981,066.67 18,933.33 20,000,000.00
03/11/98 03/16/98 5 5.6500 14,188,856.94 11,143.06 14,200,000.00
03/16/98 03/18/98 2 5.8500 36,088,267.50 11,732.50 36,100,000.00
03/17/98 03/23/98 6 5.6800 5,444,840.67 5,159.33 5,450,000.00
03/18/98 03/23/98 5 5.6500 49,960,763.89 39,236.11 50,000,000.00
03/18/98 03/23/98 5 5.6500 799,372.22 627.78 800,000.00
03/18/98 03/23/98 5 5.6500 7,094,428.47 5,571.53 7,100,000.00
03/19/98 03/23/98 4 5.6300 17,389,115.33 10,884.67 17,400,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 8
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 03/31/98
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 03/20/98 03/24/98 4 5.6500 9,294,161.67 5,838.33 9,300,000.00
03/23/98 03/25/98 2 5.6500 27,091,493.61 8,506.39 27,100,000.00
03/23/98 03/27/98 4 5.6500 49,968,611.11 31,388.89 50,000,000.00
03/25/98 03/26/98 1 5.7500 25,195,975.00 4,025.00 25,200,000.00
03/26/98 03/30/98 4 5.7300 15,390,195.33 9,804.67 15,400,000.00
03/27/98 04/08/98 12 5.8500 48,704,840.00 95,160.00 48,800,000.00
03/30/98 04/02/98 3 6.1000 24,987,291.67 12,708.33 25,000,000.00
03/30/98 04/03/98 4 6.1000 48,167,331.11 32,668.89 48,200,000.00
03/31/98 04/13/98 13 6.0000 20,355,800.00 44,200.00 20,400,000.00
---------------- ---------------- ----------------
CP TOTAL 1,075,606,087.64 1,393,912.36 1,077,000,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 1,100,881,087.64 1,419,540.27 1,102,300,627.91
================ ================ ================
AVERAGE NUMBER OF DAYS 8.02
WEIGHTED AVERAGE RATE 5.7284
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 9
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 03/31/98
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 02/11/98 02/25/98 14 5.7300 2,200,000.00 4,902.33 2,204,902.33
03/12/98 04/03/98 22 5.7200 7,000,000.00 24,468.89 7,024,468.89
03/17/98 03/18/98 1 5.7300 550,000.00 87.54 550,087.54
03/25/98 03/26/98 1 5.8000 600,000.00 96.67 600,096.67
03/27/98 03/30/98 3 5.6700 700,000.00 330.75 700,330.75
03/30/98 04/13/98 14 5.8000 10,000,000.00 22,555.56 10,022,555.56
03/30/98 04/14/98 15 5.8000 11,200,000.00 27,066.67 11,227,066.67
---------------- ---------------- ----------------
BL TOTAL 32,250,000.00 79,508.41 32,329,508.41
CP 01/02/98 01/09/98 7 5.9500 6,892,017.08 7,982.92 6,900,000.00
01/05/98 01/08/98 3 5.8000 2,848,622.50 1,377.50 2,850,000.00
01/05/98 01/08/98 3 5.8000 1,124,456.25 543.75 1,125,000.00
01/06/98 01/12/98 6 5.6700 19,981,100.00 18,900.00 20,000,000.00
01/06/98 01/20/98 14 5.7000 19,955,666.67 44,333.33 20,000,000.00
01/06/98 01/21/98 15 5.7500 8,878,677.08 21,322.92 8,900,000.00
01/07/98 01/13/98 6 5.6500 13,187,570.00 12,430.00 13,200,000.00
01/08/98 01/14/98 6 5.6700 1,123,936.87 1,063.13 1,125,000.00
01/09/98 01/16/98 7 5.6500 6,293,078.75 6,921.25 6,300,000.00
01/12/98 01/26/98 14 5.6600 7,283,931.89 16,068.11 7,300,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 10
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 03/31/98
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 01/12/98 01/27/98 15 5.6600 9,976,416.67 23,583.33 10,000,000.00
01/13/98 01/23/98 10 5.6600 8,286,950.56 13,049.44 8,300,000.00
01/15/98 01/22/98 7 5.6500 1,098,791.53 1,208.47 1,100,000.00
01/16/98 01/28/98 12 5.6400 3,293,796.00 6,204.00 3,300,000.00
01/20/98 01/29/98 9 5.6500 9,985,875.00 14,125.00 10,000,000.00
01/20/98 02/06/98 17 5.6700 10,097,890.31 27,109.69 10,125,000.00
01/21/98 02/09/98 19 5.6500 1,919,259.76 5,740.24 1,925,000.00
01/21/98 02/10/98 20 5.6500 8,174,261.11 25,738.89 8,200,000.00
01/22/98 02/11/98 20 5.6600 9,968,555.56 31,444.44 10,000,000.00
01/22/98 02/12/98 21 5.6600 4,385,472.67 14,527.33 4,400,000.00
01/23/98 02/13/98 21 5.6600 5,506,758.29 18,241.71 5,525,000.00
01/23/98 02/13/98 21 5.6600 1,594,717.33 5,282.67 1,600,000.00
01/26/98 02/18/98 23 5.6700 4,981,887.50 18,112.50 5,000,000.00
01/26/98 02/18/98 23 5.6700 2,092,392.75 7,607.25 2,100,000.00
01/27/98 02/09/98 13 5.7500 1,696,470.14 3,529.86 1,700,000.00
01/29/98 02/17/98 19 5.7000 7,577,136.67 22,863.33 7,600,000.00
01/30/98 02/19/98 20 5.7400 7,575,764.44 24,235.56 7,600,000.00
02/02/98 02/09/98 7 5.7300 49,944,291.67 55,708.33 50,000,000.00
02/02/98 02/09/98 7 5.7300 8,790,195.33 9,804.67 8,800,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 11
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 03/31/98
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 02/06/98 02/26/98 20 5.6300 1,246,090.28 3,909.72 1,250,000.00
02/09/98 02/23/98 14 5.6500 9,080,005.28 19,994.72 9,100,000.00
02/10/98 02/26/98 16 5.6500 4,713,135.00 11,865.00 4,725,000.00
02/11/98 02/24/98 13 5.6800 9,181,129.78 18,870.22 9,200,000.00
02/12/98 03/03/98 19 5.6800 2,342,955.22 7,044.78 2,350,000.00
02/13/98 03/03/98 18 5.6700 4,387,526.00 12,474.00 4,400,000.00
02/13/98 03/03/98 18 5.6700 2,592,629.00 7,371.00 2,600,000.00
02/17/98 03/06/98 17 5.7300 8,875,918.08 24,081.92 8,900,000.00
02/19/98 03/10/98 19 5.6700 4,486,533.75 13,466.25 4,500,000.00
02/20/98 03/11/98 19 5.6700 4,112,655.94 12,344.06 4,125,000.00
02/23/98 03/12/98 17 5.6800 8,776,396.44 23,603.56 8,800,000.00
02/23/98 03/12/98 17 5.6800 648,256.56 1,743.44 650,000.00
02/24/98 03/13/98 17 5.6800 3,390,880.44 9,119.56 3,400,000.00
02/24/98 03/17/98 21 5.6800 5,780,782.67 19,217.33 5,800,000.00
02/25/98 03/19/98 22 5.7200 3,512,678.17 12,321.83 3,525,000.00
02/26/98 03/23/98 25 5.6800 2,440,336.11 9,663.89 2,450,000.00
02/26/98 03/23/98 25 5.6800 771,943.06 3,056.94 775,000.00
02/27/98 03/09/98 10 5.8000 4,293,072.22 6,927.78 4,300,000.00
03/02/98 03/18/98 16 5.7400 13,091,516.67 33,483.33 13,125,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 12
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 03/31/98
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 03/03/98 03/04/98 1 5.8000 7,598,775.56 1,224.44 7,600,000.00
03/06/98 03/24/98 18 5.6700 9,074,201.50 25,798.50 9,100,000.00
03/09/98 03/25/98 16 5.6800 3,191,921.78 8,078.22 3,200,000.00
03/10/98 03/30/98 20 5.6700 20,634,795.00 65,205.00 20,700,000.00
03/10/98 03/30/98 20 5.6700 2,492,125.00 7,875.00 2,500,000.00
03/11/98 03/26/98 15 5.6800 5,412,160.83 12,839.17 5,425,000.00
03/13/98 04/02/98 20 5.7700 3,289,421.67 10,578.33 3,300,000.00
03/16/98 03/27/98 11 5.6900 1,497,392.08 2,607.92 1,500,000.00
03/18/98 04/07/98 20 5.7700 13,855,442.78 44,557.22 13,900,000.00
03/18/98 04/07/98 20 5.7700 4,286,216.11 13,783.89 4,300,000.00
03/24/98 04/08/98 15 5.7600 3,641,240.00 8,760.00 3,650,000.00
03/26/98 04/09/98 14 5.8500 3,092,947.50 7,052.50 3,100,000.00
03/31/98 04/16/98 16 5.8800 5,784,842.67 15,157.33 5,800,000.00
---------------- ---------------- ----------------
CP TOTAL 422,091,863.53 933,136.47 423,025,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 454,341,863.53 1,012,644.88 455,354,508.41
================ ================ ================
AVERAGE NUMBER OF DAYS 14.76
WEIGHTED AVERAGE RATE 5.7089
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:20
<CAPTION> PAGE: 13
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 03/31/98
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 01/08/98 01/22/98 14 5.6500 7,700,000.00 16,918.61 7,716,918.61
01/20/98 01/28/98 8 5.6700 3,925,000.00 4,945.50 3,929,945.50
01/21/98 01/29/98 8 5.6700 3,225,000.00 4,063.50 3,229,063.50
02/17/98 02/27/98 10 5.7300 21,000,000.00 33,425.00 21,033,425.00
02/18/98 02/19/98 1 5.7600 11,875,000.00 1,900.00 11,876,900.00
03/03/98 03/13/98 10 5.7300 30,000,000.00 47,750.00 30,047,750.00
03/20/98 04/06/98 17 5.7659 26,225,000.00 71,405.07 26,296,405.07
03/23/98 03/26/98 3 5.6800 725,000.00 343.17 725,343.17
03/26/98 04/06/98 11 5.8300 6,825,000.00 12,157.98 6,837,157.98
---------------- ---------------- ----------------
BL TOTAL 111,500,000.00 192,908.83 111,692,908.83
CP 01/02/98 01/12/98 10 5.9700 13,677,280.83 22,719.17 13,700,000.00
01/05/98 01/16/98 11 5.8000 24,955,694.44 44,305.56 25,000,000.00
01/05/98 01/13/98 8 5.8000 6,616,461.11 8,538.89 6,625,000.00
01/05/98 01/14/98 9 5.8500 8,387,715.00 12,285.00 8,400,000.00
01/06/98 01/20/98 14 5.7000 19,955,666.67 44,333.33 20,000,000.00
01/06/98 01/07/98 1 5.6800 13,897,806.89 2,193.11 13,900,000.00
01/07/98 01/21/98 14 5.7300 13,569,694.67 30,305.33 13,600,000.00
01/09/98 01/23/98 14 5.6700 29,160,558.87 64,441.13 29,225,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 14
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 03/31/98
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 01/12/98 01/27/98 15 5.6800 15,962,133.33 37,866.67 16,000,000.00
01/16/98 01/21/98 5 5.6500 14,988,229.17 11,770.83 15,000,000.00
01/16/98 01/20/98 4 5.6000 4,896,951.11 3,048.89 4,900,000.00
01/20/98 01/22/98 2 5.7000 19,993,666.67 6,333.33 20,000,000.00
01/21/98 01/28/98 7 5.6900 11,986,723.33 13,276.67 12,000,000.00
01/22/98 02/06/98 15 5.6900 23,444,285.42 55,714.58 23,500,000.00
01/23/98 02/10/98 18 5.6700 24,929,125.00 70,875.00 25,000,000.00
01/23/98 02/12/98 20 5.6700 2,093,385.00 6,615.00 2,100,000.00
01/26/98 02/13/98 18 5.7200 11,666,538.00 33,462.00 11,700,000.00
01/27/98 02/17/98 21 5.6800 8,671,174.00 28,826.00 8,700,000.00
01/28/98 02/09/98 12 5.7100 4,990,483.33 9,516.67 5,000,000.00
01/28/98 02/11/98 14 5.7100 9,977,794.44 22,205.56 10,000,000.00
01/30/98 02/18/98 19 5.7600 14,954,400.00 45,600.00 15,000,000.00
01/30/98 02/05/98 6 5.8000 2,897,196.67 2,803.33 2,900,000.00
02/02/98 02/12/98 10 5.7500 12,804,515.62 20,484.38 12,825,000.00
02/05/98 02/12/98 7 5.6000 998,911.11 1,088.89 1,000,000.00
02/06/98 02/12/98 6 5.6000 25,925,780.00 24,220.00 25,950,000.00
02/10/98 02/18/98 8 5.7000 18,576,440.00 23,560.00 18,600,000.00
02/11/98 02/19/98 8 5.7300 6,491,723.33 8,276.67 6,500,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 15
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 03/31/98
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 02/12/98 02/20/98 8 5.7000 23,470,233.33 29,766.67 23,500,000.00
02/12/98 02/24/98 12 5.7000 19,962,000.00 38,000.00 20,000,000.00
02/13/98 02/26/98 13 5.6800 11,476,412.22 23,587.78 11,500,000.00
02/19/98 02/25/98 6 5.6700 11,189,416.00 10,584.00 11,200,000.00
02/20/98 03/03/98 11 5.6900 30,072,624.34 52,375.66 30,125,000.00
02/23/98 03/03/98 8 5.7300 2,696,562.00 3,438.00 2,700,000.00
02/24/98 03/17/98 21 5.7200 17,840,273.67 59,726.33 17,900,000.00
02/25/98 03/06/98 9 5.8200 8,687,341.50 12,658.50 8,700,000.00
02/26/98 03/04/98 6 5.8700 4,995,108.33 4,891.67 5,000,000.00
02/26/98 03/05/98 7 5.8700 5,693,494.08 6,505.92 5,700,000.00
02/27/98 03/18/98 19 5.8700 39,876,077.78 123,922.22 40,000,000.00
02/27/98 03/09/98 10 5.9000 2,595,738.89 4,261.11 2,600,000.00
03/03/98 03/11/98 8 5.8400 1,722,761.33 2,238.67 1,725,000.00
03/04/98 03/12/98 8 5.6700 1,697,858.00 2,142.00 1,700,000.00
03/05/98 03/11/98 6 5.6800 5,994,320.00 5,680.00 6,000,000.00
03/06/98 03/11/98 5 5.6700 8,793,070.00 6,930.00 8,800,000.00
03/09/98 03/16/98 7 5.7000 4,095,455.83 4,544.17 4,100,000.00
03/10/98 03/16/98 6 5.7100 23,177,921.33 22,078.67 23,200,000.00
03/11/98 03/16/98 5 5.7200 15,287,845.00 12,155.00 15,300,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 16
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 03/31/98
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 03/13/98 03/20/98 7 5.7200 33,962,184.44 37,815.56 34,000,000.00
03/16/98 03/24/98 8 5.8500 34,954,500.00 45,500.00 35,000,000.00
03/16/98 03/25/98 9 5.8500 3,544,808.12 5,191.88 3,550,000.00
03/17/98 03/26/98 9 5.7700 8,188,171.50 11,828.50 8,200,000.00
03/17/98 03/27/98 10 5.7700 1,497,595.83 2,404.17 1,500,000.00
03/18/98 03/31/98 13 5.7800 26,943,645.00 56,355.00 27,000,000.00
03/18/98 03/19/98 1 5.6500 1,999,686.11 313.89 2,000,000.00
03/24/98 03/25/98 1 5.6200 21,796,596.78 3,403.22 21,800,000.00
03/24/98 04/06/98 13 5.8600 4,290,900.72 9,099.28 4,300,000.00
03/25/98 03/30/98 5 5.7300 2,098,328.75 1,671.25 2,100,000.00
03/25/98 04/02/98 8 5.8700 2,277,025.87 2,974.13 2,280,000.00
03/25/98 04/02/98 8 5.8700 10,686,042.44 13,957.56 10,700,000.00
03/25/98 04/03/98 9 5.8700 9,006,763.15 13,236.85 9,020,000.00
03/27/98 04/07/98 11 5.9200 4,491,860.00 8,140.00 4,500,000.00
03/30/98 04/08/98 9 5.9800 2,820,776.62 4,223.38 2,825,000.00
03/31/98 04/14/98 14 6.0000 19,953,333.33 46,666.67 20,000,000.00
03/31/98 04/13/98 13 6.0000 23,748,433.33 51,566.67 23,800,000.00
---------------- ---------------- ----------------
CP TOTAL 818,055,499.63 1,394,500.37 819,450,000.00
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 929,555,499.63 1,587,409.20 931,142,908.83
================ ================ ================
AVERAGE NUMBER OF DAYS 9.74
WEIGHTED AVERAGE RATE 5.7487
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 17
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 03/31/98
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 02/04/98 02/05/98 1 5.6400 100,000.00 15.67 100,015.67
02/09/98 02/11/98 2 5.7000 600,000.00 190.00 600,190.00
02/11/98 02/12/98 1 5.8300 150,000.00 24.29 150,024.29
02/17/98 02/26/98 9 5.7300 3,100,000.00 4,440.75 3,104,440.75
03/26/98 03/30/98 4 5.7000 675,000.00 427.50 675,427.50
03/30/98 04/06/98 7 5.8900 575,000.00 658.53 575,658.53
---------------- ---------------- ----------------
BL TOTAL 5,200,000.00 5,756.74 5,205,756.74
CP 01/05/98 01/09/98 4 5.8100 4,097,353.22 2,646.78 4,100,000.00
01/06/98 01/13/98 7 5.7300 14,983,287.50 16,712.50 15,000,000.00
01/06/98 01/20/98 14 5.7500 14,966,458.33 33,541.67 15,000,000.00
01/06/98 01/16/98 10 5.7400 2,845,455.83 4,544.17 2,850,000.00
01/08/98 01/21/98 13 5.6700 2,120,649.06 4,350.94 2,125,000.00
01/09/98 01/23/98 14 5.6700 4,290,518.50 9,481.50 4,300,000.00
01/13/98 01/28/98 15 5.6500 9,976,458.33 23,541.67 10,000,000.00
01/13/98 02/06/98 24 5.6600 2,291,321.33 8,678.67 2,300,000.00
01/16/98 02/10/98 25 5.6600 1,892,531.94 7,468.06 1,900,000.00
01/20/98 02/13/98 24 5.6800 5,564,847.68 21,152.32 5,586,000.00
01/20/98 02/13/98 24 5.6800 8,979,866.99 34,133.01 9,014,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 18
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 03/31/98
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 01/23/98 02/17/98 25 5.6600 4,781,133.33 18,866.67 4,800,000.00
01/26/98 02/18/98 23 5.6700 7,771,744.50 28,255.50 7,800,000.00
01/28/98 01/30/98 2 5.7400 5,698,182.33 1,817.67 5,700,000.00
01/30/98 02/20/98 21 5.7100 5,382,013.50 17,986.50 5,400,000.00
02/02/98 02/04/98 2 5.8000 1,699,452.22 547.78 1,700,000.00
02/06/98 02/25/98 19 5.6500 1,694,930.69 5,069.31 1,700,000.00
02/10/98 02/27/98 17 5.6600 3,116,647.57 8,352.43 3,125,000.00
02/13/98 03/06/98 21 5.6700 14,252,702.75 47,297.25 14,300,000.00
02/18/98 02/26/98 8 5.6700 2,921,314.50 3,685.50 2,925,000.00
02/20/98 03/04/98 12 5.6500 5,614,406.25 10,593.75 5,625,000.00
02/23/98 02/24/98 1 5.6700 5,599,118.00 882.00 5,600,000.00
02/24/98 03/13/98 17 5.6900 4,288,446.14 11,553.86 4,300,000.00
02/25/98 03/11/98 14 5.7300 2,693,983.50 6,016.50 2,700,000.00
02/26/98 03/18/98 20 5.7200 5,806,489.44 18,510.56 5,825,000.00
02/27/98 03/20/98 21 5.8000 1,993,233.33 6,766.67 2,000,000.00
03/02/98 03/25/98 23 5.7500 996,326.39 3,673.61 1,000,000.00
03/04/98 03/27/98 23 5.7600 4,109,820.00 15,180.00 4,125,000.00
03/06/98 03/25/98 19 5.7000 14,157,281.67 42,718.33 14,200,000.00
03/10/98 03/31/98 21 5.7000 6,578,055.00 21,945.00 6,600,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 19
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 03/31/98
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 03/11/98 04/03/98 23 5.7700 1,544,286.10 5,713.90 1,550,000.00
03/13/98 03/17/98 4 5.6500 2,898,179.44 1,820.56 2,900,000.00
03/16/98 03/24/98 8 5.7200 1,498,093.33 1,906.67 1,500,000.00
03/18/98 04/07/98 20 5.8000 4,684,855.56 15,144.44 4,700,000.00
03/20/98 04/09/98 20 5.8000 1,594,844.44 5,155.56 1,600,000.00
03/23/98 04/14/98 22 5.8000 2,386,511.06 8,488.94 2,395,000.00
03/23/98 04/14/98 22 5.8000 3,592,222.28 12,777.72 3,605,000.00
03/25/98 04/17/98 23 5.8400 16,886,757.67 63,242.33 16,950,000.00
03/27/98 04/21/98 25 5.8400 4,979,722.22 20,277.78 5,000,000.00
03/31/98 04/28/98 28 5.8500 2,886,805.00 13,195.00 2,900,000.00
---------------- ---------------- ----------------
CP TOTAL 214,116,306.92 583,693.08 214,700,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 219,316,306.92 589,449.82 219,905,756.74
================ ================ ================
AVERAGE NUMBER OF DAYS 15.26
WEIGHTED AVERAGE RATE 5.7230
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 20
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 03/31/98
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 01/07/98 01/09/98 2 5.6500 4,225,000.00 1,326.18 4,226,326.18
01/09/98 01/13/98 4 5.7700 3,475,000.00 2,227.86 3,477,227.86
01/13/98 01/16/98 3 5.8000 2,100,000.00 1,015.00 2,101,015.00
01/16/98 01/21/98 5 5.7700 625,000.00 500.87 625,500.87
01/22/98 01/23/98 1 5.6400 300,000.00 47.00 300,047.00
01/23/98 01/27/98 4 5.5800 200,000.00 124.00 200,124.00
01/29/98 02/06/98 8 5.7200 5,050,000.00 6,419.11 5,056,419.11
02/06/98 02/10/98 4 5.7200 3,825,000.00 2,431.00 3,827,431.00
02/10/98 02/13/98 3 5.7800 2,650,000.00 1,276.42 2,651,276.42
02/13/98 02/18/98 5 5.7200 1,600,000.00 1,271.11 1,601,271.11
02/20/98 02/24/98 4 5.6400 200,000.00 125.33 200,125.33
02/25/98 03/04/98 7 5.8900 4,875,000.00 5,583.23 4,880,583.23
03/04/98 03/06/98 2 5.7400 3,825,000.00 1,219.75 3,826,219.75
03/06/98 03/11/98 5 5.8000 3,525,000.00 2,839.58 3,527,839.58
03/11/98 03/16/98 5 5.7200 2,475,000.00 1,966.25 2,476,966.25
03/16/98 03/18/98 2 5.7200 1,425,000.00 452.83 1,425,452.83
03/18/98 03/20/98 2 5.7200 925,000.00 293.94 925,293.94
03/20/98 03/27/98 7 5.8000 850,000.00 958.61 850,958.61
03/26/98 04/03/98 8 5.8300 3,975,000.00 5,149.83 3,980,149.83
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 21
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 03/31/98
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 03/27/98 04/07/98 11 5.9000 675,000.00 1,216.88 676,216.88
---------------- ---------------- ----------------
BL TOTAL 46,800,000.00 36,444.78 46,836,444.78
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 46,800,000.00 36,444.78 46,836,444.78
================ ================ ================
AVERAGE NUMBER OF DAYS 4.60
WEIGHTED AVERAGE RATE 5.7624
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 22
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/98
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 01/08/98 01/23/98 15 5.6500 5,325,000.00 12,535.94 5,337,535.94
01/20/98 01/22/98 2 5.6700 16,700,000.00 5,260.50 16,705,260.50
03/12/98 03/16/98 4 5.7000 31,200,000.00 19,760.00 31,219,760.00
03/18/98 03/19/98 1 5.6800 25,000,000.00 3,944.44 25,003,944.44
03/18/98 03/19/98 1 5.7792 23,000,000.00 3,692.27 23,003,692.27
03/19/98 03/23/98 4 5.5800 40,000,000.00 24,800.00 40,024,800.00
03/19/98 03/20/98 1 5.6200 25,000,000.00 3,902.78 25,003,902.78
03/19/98 03/20/98 1 5.6000 12,200,000.00 1,897.78 12,201,897.78
03/20/98 03/24/98 4 5.5600 25,000,000.00 15,444.44 25,015,444.44
03/20/98 03/23/98 3 5.7000 16,800,000.00 7,980.00 16,807,980.00
03/20/98 03/23/98 3 5.5900 12,200,000.00 5,683.17 12,205,683.17
03/24/98 03/27/98 3 5.6700 32,000,000.00 15,120.00 32,015,120.00
03/24/98 03/27/98 3 5.6300 25,000,000.00 11,729.17 25,011,729.17
03/27/98 04/03/98 7 5.9200 4,100,000.00 4,719.56 4,104,719.56
03/30/98 04/01/98 2 5.8900 31,000,000.00 10,143.89 31,010,143.89
03/30/98 04/02/98 3 5.8900 1,500,000.00 736.25 1,500,736.25
---------------- ---------------- ----------------
BL TOTAL 326,025,000.00 147,350.19 326,172,350.19
CP 01/02/98 01/13/98 11 5.9700 14,972,637.50 27,362.50 15,000,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 23
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/98
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 01/02/98 01/12/98 10 5.9700 1,397,678.33 2,321.67 1,400,000.00
01/05/98 01/16/98 11 5.8000 24,955,694.44 44,305.56 25,000,000.00
01/05/98 01/13/98 8 5.8000 9,288,013.33 11,986.67 9,300,000.00
01/06/98 01/20/98 14 5.7000 19,955,666.67 44,333.33 20,000,000.00
01/06/98 01/07/98 1 5.6800 11,898,122.44 1,877.56 11,900,000.00
01/07/98 01/21/98 14 5.7300 10,975,488.33 24,511.67 11,000,000.00
01/07/98 01/21/98 14 5.7300 4,689,526.83 10,473.17 4,700,000.00
01/09/98 01/14/98 5 5.6300 11,515,988.09 9,011.91 11,525,000.00
01/12/98 01/22/98 10 5.6900 1,048,340.42 1,659.58 1,050,000.00
01/13/98 01/22/98 9 5.7000 19,796,749.37 28,250.63 19,825,000.00
01/14/98 01/23/98 9 5.7200 7,888,703.00 11,297.00 7,900,000.00
01/16/98 01/20/98 4 5.6000 27,982,577.78 17,422.22 28,000,000.00
01/16/98 01/20/98 4 5.6000 749,533.33 466.67 750,000.00
01/20/98 01/21/98 1 5.7000 24,996,041.67 3,958.33 25,000,000.00
01/20/98 01/27/98 7 5.6800 24,972,388.89 27,611.11 25,000,000.00
01/22/98 01/23/98 1 5.5500 4,999,229.17 770.83 5,000,000.00
01/23/98 01/26/98 3 5.5400 14,993,075.00 6,925.00 15,000,000.00
01/23/98 01/28/98 5 5.6300 3,397,341.39 2,658.61 3,400,000.00
01/26/98 01/29/98 3 5.7200 14,992,850.00 7,150.00 15,000,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 24
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/98
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 01/26/98 01/30/98 4 5.7200 4,796,949.33 3,050.67 4,800,000.00
01/27/98 01/30/98 3 5.6700 15,692,581.75 7,418.25 15,700,000.00
01/29/98 01/30/98 1 5.7600 5,499,120.00 880.00 5,500,000.00
01/29/98 02/06/98 8 5.7300 14,980,900.00 19,100.00 15,000,000.00
01/30/98 02/10/98 11 5.7700 14,973,554.17 26,445.83 15,000,000.00
01/30/98 02/11/98 12 5.7700 4,591,152.67 8,847.33 4,600,000.00
02/02/98 02/03/98 1 5.8000 3,999,355.56 644.44 4,000,000.00
02/02/98 02/04/98 2 5.8000 4,998,388.89 1,611.11 5,000,000.00
02/04/98 02/09/98 5 5.6000 9,892,300.00 7,700.00 9,900,000.00
02/06/98 02/12/98 6 5.6000 12,987,866.67 12,133.33 13,000,000.00
02/06/98 02/12/98 6 5.6000 3,246,966.67 3,033.33 3,250,000.00
02/09/98 02/13/98 4 5.7000 8,994,300.00 5,700.00 9,000,000.00
02/09/98 02/17/98 8 5.7000 4,893,793.33 6,206.67 4,900,000.00
02/10/98 02/18/98 8 5.6600 9,987,422.22 12,577.78 10,000,000.00
02/10/98 02/19/98 9 5.7000 2,895,867.50 4,132.50 2,900,000.00
02/11/98 02/18/98 7 5.7300 6,292,980.75 7,019.25 6,300,000.00
02/12/98 02/18/98 6 5.7000 12,238,362.50 11,637.50 12,250,000.00
02/13/98 02/18/98 5 5.7000 16,387,016.67 12,983.33 16,400,000.00
02/17/98 02/18/98 1 6.0000 8,898,516.67 1,483.33 8,900,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 25
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/98
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 02/20/98 02/23/98 3 5.5600 24,988,416.67 11,583.33 25,000,000.00
02/20/98 02/26/98 6 5.6400 24,976,500.00 23,500.00 25,000,000.00
02/23/98 02/25/98 2 5.7000 12,995,883.33 4,116.67 13,000,000.00
02/23/98 02/24/98 1 5.6800 5,599,116.44 883.56 5,600,000.00
02/24/98 02/27/98 3 5.7300 1,199,427.00 573.00 1,200,000.00
02/25/98 02/27/98 2 5.8200 10,296,669.67 3,330.33 10,300,000.00
02/26/98 02/27/98 1 5.8200 10,998,221.67 1,778.33 11,000,000.00
02/27/98 03/03/98 4 5.9500 11,492,397.22 7,602.78 11,500,000.00
03/02/98 03/06/98 4 5.8000 24,983,888.89 16,111.11 25,000,000.00
03/02/98 03/09/98 7 5.8500 7,791,127.50 8,872.50 7,800,000.00
03/02/98 03/06/98 4 5.8000 49,967,777.78 32,222.22 50,000,000.00
03/03/98 03/04/98 1 5.8800 11,898,056.33 1,943.67 11,900,000.00
03/04/98 03/05/98 1 5.6500 5,324,164.27 835.73 5,325,000.00
03/04/98 03/11/98 7 5.6700 6,193,164.50 6,835.50 6,200,000.00
03/05/98 03/12/98 7 5.6800 3,995,582.22 4,417.78 4,000,000.00
03/06/98 03/13/98 7 5.6700 45,949,285.00 50,715.00 46,000,000.00
03/06/98 03/12/98 6 5.6700 23,977,320.00 22,680.00 24,000,000.00
03/06/98 03/12/98 6 5.6700 5,195,086.00 4,914.00 5,200,000.00
03/09/98 03/16/98 7 5.7000 16,881,269.17 18,730.83 16,900,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 26
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/98
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 03/10/98 03/16/98 6 5.7100 30,970,498.33 29,501.67 31,000,000.00
03/10/98 03/16/98 6 5.7100 5,095,146.50 4,853.50 5,100,000.00
03/11/98 03/16/98 5 5.7300 4,796,180.00 3,820.00 4,800,000.00
03/12/98 03/16/98 4 5.7000 29,981,000.00 19,000.00 30,000,000.00
03/12/98 03/16/98 4 5.7000 1,499,050.00 950.00 1,500,000.00
03/13/98 03/17/98 4 5.6700 20,786,896.00 13,104.00 20,800,000.00
03/16/98 03/17/98 1 5.8800 9,998,366.67 1,633.33 10,000,000.00
03/16/98 03/17/98 1 5.8800 49,991,833.33 8,166.67 50,000,000.00
03/16/98 03/17/98 1 5.8800 48,192,127.33 7,872.67 48,200,000.00
03/16/98 03/17/98 1 5.8800 49,991,833.33 8,166.67 50,000,000.00
03/17/98 03/18/98 1 5.7500 32,994,729.17 5,270.83 33,000,000.00
03/17/98 03/23/98 6 5.7500 999,041.67 958.33 1,000,000.00
03/17/98 03/18/98 1 5.7500 49,992,013.89 7,986.11 50,000,000.00
03/17/98 03/18/98 1 5.7500 49,992,013.89 7,986.11 50,000,000.00
03/17/98 03/18/98 1 5.7500 32,994,729.17 5,270.83 33,000,000.00
03/18/98 03/19/98 1 5.6500 49,992,152.78 7,847.22 50,000,000.00
03/20/98 03/24/98 4 5.6500 49,968,611.11 31,388.89 50,000,000.00
03/23/98 03/25/98 2 5.6900 49,984,194.44 15,805.56 50,000,000.00
03/23/98 03/26/98 3 5.7400 14,692,968.50 7,031.50 14,700,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 27
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/98
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 03/24/98 03/30/98 6 5.7200 9,890,562.00 9,438.00 9,900,000.00
03/25/98 03/30/98 5 5.7200 44,964,250.00 35,750.00 45,000,000.00
03/25/98 03/26/98 1 5.7500 1,799,712.50 287.50 1,800,000.00
03/26/98 03/31/98 5 5.7200 15,687,527.22 12,472.78 15,700,000.00
03/27/98 03/31/98 4 5.7300 24,984,083.33 15,916.67 25,000,000.00
03/27/98 04/08/98 12 5.8800 44,911,800.00 88,200.00 45,000,000.00
03/30/98 03/31/98 1 5.9000 24,995,902.78 4,097.22 25,000,000.00
03/31/98 04/07/98 7 6.0500 10,987,059.72 12,940.28 11,000,000.00
03/31/98 04/09/98 9 6.0500 3,576,582.22 5,417.78 3,582,000.00
03/31/98 04/09/98 9 6.0500 1,198,185.00 1,815.00 1,200,000.00
03/31/98 04/13/98 13 6.0000 15,631,059.17 33,940.83 15,665,000.00
03/31/98 04/13/98 13 6.0000 4,443,351.83 9,648.17 4,453,000.00
03/31/98 04/13/98 13 6.0000 49,891,666.67 108,333.33 50,000,000.00
---------------- ---------------- ----------------
CP TOTAL 1,562,291,523.54 1,183,476.46 1,563,475,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 1,888,316,523.54 1,330,826.65 1,889,647,350.19
================ ================ ================
AVERAGE NUMBER OF DAYS 5.08
WEIGHTED AVERAGE RATE 5.7411
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 28
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 03/31/98
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 01/07/98 01/14/98 7 5.7600 3,925,000.00 4,396.00 3,929,396.00
01/09/98 01/14/98 5 5.7700 350,000.00 280.49 350,280.49
01/14/98 01/16/98 2 5.8300 3,300,000.00 1,068.83 3,301,068.83
01/16/98 01/21/98 5 5.7700 2,925,000.00 2,344.06 2,927,344.06
01/21/98 01/23/98 2 5.7700 2,325,000.00 745.29 2,325,745.29
01/23/98 02/06/98 14 5.8159 2,200,000.00 4,975.83 2,204,975.83
01/26/98 02/10/98 15 5.8300 3,875,000.00 9,413.02 3,884,413.02
02/06/98 02/13/98 7 5.8792 1,150,000.00 1,314.65 1,151,314.65
02/10/98 02/18/98 8 5.8300 3,450,000.00 4,469.67 3,454,469.67
02/13/98 02/20/98 7 5.9792 625,000.00 726.64 625,726.64
02/18/98 02/20/98 2 5.7600 1,950,000.00 624.00 1,950,624.00
02/20/98 03/04/98 12 5.7959 2,025,000.00 3,912.23 2,028,912.23
02/25/98 03/06/98 9 5.8300 2,650,000.00 3,862.38 2,653,862.38
02/26/98 03/13/98 15 5.8900 525,000.00 1,288.44 526,288.44
02/27/98 03/13/98 14 5.8900 125,000.00 286.32 125,286.32
03/04/98 03/18/98 14 5.7659 1,700,000.00 3,811.90 1,703,811.90
03/06/98 03/09/98 3 5.6400 2,500,000.00 1,175.00 2,501,175.00
03/09/98 03/20/98 11 5.7600 2,600,000.00 4,576.00 2,604,576.00
03/13/98 03/27/98 14 5.7600 300,000.00 672.00 300,672.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/98
CASH MANAGEMENT SYSTEM TIME: 11:38:21
<CAPTION> PAGE: 29
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 03/31/98
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 03/20/98 03/27/98 7 5.7600 1,950,000.00 2,184.00 1,952,184.00
03/25/98 03/27/98 2 5.8200 3,275,000.00 1,058.92 3,276,058.92
03/27/98 04/03/98 7 5.8900 4,525,000.00 5,182.38 4,530,182.38
---------------- ---------------- ----------------
BL TOTAL 48,250,000.00 58,368.05 48,308,368.05
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 48,250,000.00 58,368.05 48,308,368.05
================ ================ ================
AVERAGE NUMBER OF DAYS 8.27
WEIGHTED AVERAGE RATE 5.8022
</TABLE>
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