<PAGE>
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
- ----------------------------------------------
:
In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. : CERTIFICATE OF
AEP GENERATING COMPANY : NOTIFICATION
APPALACHIAN POWER COMPANY : NO. 11
COLUMBUS SOUTHERN POWER COMPANY :
INDIANA MICHIGAN POWER COMPANY :
KENTUCKY POWER COMPANY :
KINGSPORT POWER COMPANY :
OHIO POWER COMPANY :
WHEELING POWER COMPANY :
Columbus, Ohio :
:
(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 orders of the Securities and Exchange Commission
with respect thereto, dated December 8, 1995 and May 4, 1998,
have carried out the transactions listed below:
1. American Electric Power Company, Inc, Appalachian Power
Company, 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 September 30,
1998; American Electric Power Company, Inc., 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 September 30, 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/ Henry W. Fayne
Henry W. Fayne, Vice President
Dated: October 12, 1998
<PAGE>
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
Second Quarter of the Calendar Year 1998
Month Actual Prime Rates*
July 1 - August 29 8.50%
August 30 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 DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:55
<CAPTION> PAGE: 9
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 09/30/98
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 07/01/98 07/23/98 22 5.8800 10,000,000.00 35,933.33 10,035,933.33
07/30/98 08/19/98 20 5.7300 3,400,000.00 10,823.33 3,410,823.33
08/17/98 08/28/98 11 5.7900 9,000,000.00 15,922.50 9,015,922.50
08/24/98 08/31/98 7 5.8300 350,000.00 396.76 350,396.76
09/15/98 09/30/98 15 5.8000 23,600,000.00 57,033.33 23,657,033.33
09/18/98 10/02/98 14 5.7759 1,000,000.00 2,246.18 1,002,246.18
09/21/98 10/02/98 11 5.7759 1,000,000.00 1,764.86 1,001,764.86
09/21/98 10/02/98 11 5.8600 2,000,000.00 3,581.11 2,003,581.11
09/22/98 10/02/98 10 5.7300 1,400,000.00 2,228.33 1,402,228.33
09/30/98 10/21/98 21 5.4500 25,150,000.00 79,956.04 25,229,956.04
---------------- ---------------- ----------------
BL TOTAL 76,900,000.00 209,885.77 77,109,885.77
CP 07/02/98 07/15/98 13 5.8000 23,974,680.97 50,319.03 24,025,000.00
07/07/98 07/23/98 16 5.7700 20,148,198.22 51,801.78 20,200,000.00
07/15/98 07/23/98 8 5.7600 27,964,160.00 35,840.00 28,000,000.00
07/23/98 07/31/98 8 5.7200 8,489,195.56 10,804.44 8,500,000.00
07/23/98 08/20/98 28 5.7500 49,776,388.89 223,611.11 50,000,000.00
07/31/98 08/19/98 19 5.7900 8,598,643.44 26,356.56 8,625,000.00
08/10/98 08/28/98 18 5.7500 1,595,400.00 4,600.00 1,600,000.00
08/17/98 08/28/98 11 5.8200 1,023,177.21 1,822.79 1,025,000.00
08/19/98 08/28/98 9 5.7300 12,032,738.37 17,261.63 12,050,000.00
08/20/98 08/28/98 8 5.7300 49,936,333.33 63,666.67 50,000,000.00
08/20/98 08/28/98 8 5.7300 99,872.67 127.33 100,000.00
08/28/98 09/10/98 13 5.7600 23,950,080.00 49,920.00 24,000,000.00
08/28/98 09/10/98 13 5.7600 49,896,000.00 104,000.00 50,000,000.00
08/31/98 09/03/98 3 6.0500 249,873.96 126.04 250,000.00
09/10/98 09/11/98 1 5.8000 1,899,693.89 306.11 1,900,000.00
09/10/98 09/25/98 15 5.7700 14,963,937.50 36,062.50 15,000,000.00
09/11/98 09/25/98 14 5.7300 997,771.67 2,228.33 1,000,000.00
09/14/98 09/15/98 1 5.8000 2,999,516.67 483.33 3,000,000.00
09/16/98 10/02/98 16 5.8500 3,989,600.00 10,400.00 4,000,000.00
09/17/98 10/02/98 15 5.8500 3,017,626.56 7,373.44 3,025,000.00
09/25/98 10/06/98 11 5.8600 15,896,485.40 28,514.60 15,925,000.00
---------------- ---------------- ----------------
CP TOTAL 321,499,374.31 725,625.69 322,225,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 398,399,374.31 935,511.46 399,334,885.77
================ ================ ================
AVERAGE NUMBER OF DAYS 12.58
WEIGHTED AVERAGE RATE 5.7502
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:55
<CAPTION> PAGE: 5
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 09/30/98
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 07/01/98 07/24/98 23 5.8500 29,400,000.00 109,882.50 29,509,882.50
07/01/98 07/24/98 23 5.8800 7,525,000.00 28,268.92 7,553,268.92
07/15/98 07/20/98 5 5.7500 5,100,000.00 4,072.92 5,104,072.92
07/17/98 07/20/98 3 5.6400 600,000.00 282.00 600,282.00
07/20/98 07/31/98 11 5.8375 1,700,000.00 3,032.26 1,703,032.26
07/21/98 08/19/98 29 5.8500 1,000,000.00 4,712.50 1,004,712.50
07/24/98 08/21/98 28 5.8600 22,000,000.00 100,271.11 22,100,271.11
07/27/98 08/24/98 28 5.8600 2,125,000.00 9,685.28 2,134,685.28
07/28/98 07/31/98 3 5.8700 525,000.00 256.81 525,256.81
07/31/98 08/24/98 24 5.7900 2,075,000.00 8,009.50 2,083,009.50
08/03/98 08/19/98 16 5.8300 1,200,000.00 3,109.33 1,203,109.33
08/05/98 08/24/98 19 5.8300 1,500,000.00 4,615.42 1,504,615.42
08/07/98 08/24/98 17 5.8300 1,250,000.00 3,441.32 1,253,441.32
08/10/98 08/24/98 14 5.8300 1,000,000.00 2,267.22 1,002,267.22
08/12/98 08/24/98 12 5.8700 3,500,000.00 6,848.33 3,506,848.33
08/19/98 08/24/98 5 5.8300 3,050,000.00 2,469.65 3,052,469.65
08/21/98 08/24/98 3 5.7600 5,000,000.00 2,400.00 5,002,400.00
08/21/98 08/31/98 10 5.7900 17,500,000.00 28,145.83 17,528,145.83
08/31/98 09/16/98 16 5.7900 18,000,000.00 46,320.00 18,046,320.00
BL 09/01/98 09/24/98 23 5.9300 100,000.00 378.86 100,378.86
09/09/98 09/24/98 15 5.7900 1,000,000.00 2,412.50 1,002,412.50
09/10/98 09/24/98 14 5.7900 3,600,000.00 8,106.00 3,608,106.00
09/11/98 09/21/98 10 5.8300 275,000.00 445.35 275,445.35
09/14/98 09/21/98 7 5.7900 3,000,000.00 3,377.50 3,003,377.50
09/16/98 09/21/98 5 5.7900 17,575,000.00 14,133.23 17,589,133.23
09/21/98 09/30/98 9 5.7900 3,000,000.00 4,342.50 3,004,342.50
09/24/98 10/21/98 27 5.7300 5,350,000.00 22,991.63 5,372,991.63
09/25/98 09/30/98 5 5.8100 325,000.00 262.26 325,262.26
09/30/98 10/21/98 21 5.6200 2,825,000.00 9,261.29 2,834,261.29
---------------- ---------------- ----------------
BL TOTAL 161,100,000.00 433,802.02 161,533,802.02
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 161,100,000.00 433,802.02 161,533,802.02
================ ================ ================
AVERAGE NUMBER OF DAYS 14.66
WEIGHTED AVERAGE RATE 5.8130
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 11
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER SERVICE CORP.
QUARTER ENDED 09/30/98
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 07/21/98 09/25/98 66 5.8392 31,600,000.00 338,284.32 31,938,284.32
09/25/98 10/22/98 27 5.5224 19,000,000.00 78,694.20 19,078,694.20
---------------- ---------------- ----------------
BL TOTAL 50,600,000.00 416,978.52 51,016,978.52
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER SERVICE CORP. TOTAL 50,600,000.00 416,978.52 51,016,978.52
================ ================ ================
AVERAGE NUMBER OF DAYS 46.50
WEIGHTED AVERAGE RATE 5.7202
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 12
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 09/30/98
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 07/15/98 07/22/98 7 5.7750 14,600,000.00 16,394.58 14,616,394.58
07/30/98 08/04/98 5 5.7300 4,100,000.00 3,262.92 4,103,262.92
07/31/98 08/10/98 10 5.7300 11,325,000.00 18,025.63 11,343,025.63
08/28/98 09/04/98 7 5.7000 24,300,000.00 26,932.50 24,326,932.50
09/14/98 09/22/98 8 5.7900 8,000,000.00 10,293.33 8,010,293.33
09/24/98 10/02/98 8 5.8900 8,700,000.00 11,387.33 8,711,387.33
09/24/98 10/07/98 13 5.8400 1,575,000.00 3,321.50 1,578,321.50
09/28/98 10/01/98 3 5.7700 7,200,000.00 3,462.00 7,203,462.00
09/29/98 10/01/98 2 5.6300 1,000,000.00 312.78 1,000,312.78
---------------- ---------------- ----------------
BL TOTAL 80,800,000.00 93,392.57 80,893,392.57
CP 07/01/98 07/07/98 6 5.9300 16,983,198.33 16,801.67 17,000,000.00
07/02/98 07/10/98 8 5.7300 35,954,160.00 45,840.00 36,000,000.00
07/06/98 07/08/98 2 5.7000 4,998,416.67 1,583.33 5,000,000.00
07/07/98 07/14/98 7 5.7000 12,086,589.17 13,410.83 12,100,000.00
07/08/98 07/15/98 7 5.6200 9,989,072.22 10,927.78 10,000,000.00
07/09/98 07/16/98 7 5.6500 3,296,374.58 3,625.42 3,300,000.00
07/10/98 07/17/98 7 5.6700 15,982,360.00 17,640.00 16,000,000.00
07/10/98 07/20/98 10 5.6700 19,968,500.00 31,500.00 20,000,000.00
07/14/98 07/22/98 8 5.6800 3,495,582.22 4,417.78 3,500,000.00
07/17/98 07/23/98 6 5.7000 14,586,130.00 13,870.00 14,600,000.00
07/20/98 07/24/98 4 5.7000 18,388,346.67 11,653.33 18,400,000.00
07/21/98 07/28/98 7 5.6800 49,944,777.78 55,222.22 50,000,000.00
07/21/98 07/27/98 6 5.6800 4,295,929.33 4,070.67 4,300,000.00
07/22/98 08/11/98 20 5.6800 12,958,977.78 41,022.22 13,000,000.00
07/23/98 08/07/98 15 5.7000 10,574,825.00 25,175.00 10,600,000.00
07/24/98 07/31/98 7 5.7000 10,987,808.33 12,191.67 11,000,000.00
07/28/98 07/29/98 1 5.8500 6,498,943.75 1,056.25 6,500,000.00
07/28/98 08/14/98 17 5.7300 19,945,883.33 54,116.67 20,000,000.00
07/28/98 08/18/98 21 5.7300 19,933,150.00 66,850.00 20,000,000.00
07/28/98 08/06/98 9 5.8300 6,989,797.50 10,202.50 7,000,000.00
08/03/98 08/12/98 9 5.8000 7,838,617.50 11,382.50 7,850,000.00
08/04/98 08/28/98 24 5.7300 3,586,248.00 13,752.00 3,600,000.00
08/05/98 08/17/98 12 5.7100 4,491,435.00 8,565.00 4,500,000.00
08/06/98 08/19/98 13 5.7000 6,287,032.50 12,967.50 6,300,000.00
08/07/98 08/19/98 12 5.6800 11,827,564.00 22,436.00 11,850,000.00
08/10/98 08/21/98 11 5.7300 6,288,969.75 11,030.25 6,300,000.00
08/11/98 08/24/98 13 5.7400 3,991,708.89 8,291.11 4,000,000.00
08/11/98 08/25/98 14 5.7400 3,991,071.11 8,928.89 4,000,000.00
08/12/98 08/26/98 14 5.7500 3,492,173.61 7,826.39 3,500,000.00
08/14/98 08/19/98 5 5.7500 16,986,423.61 13,576.39 17,000,000.00
08/17/98 08/21/98 4 5.8500 3,247,887.50 2,112.50 3,250,000.00
08/18/98 08/31/98 13 5.7500 9,979,236.11 20,763.89 10,000,000.00
08/18/98 08/31/98 13 5.7500 648,650.35 1,349.65 650,000.00
08/19/98 08/24/98 5 5.7300 27,128,393.12 21,606.88 27,150,000.00
08/20/98 08/31/98 11 5.7200 15,972,035.56 27,964.44 16,000,000.00
08/21/98 08/31/98 10 5.7400 9,984,055.56 15,944.44 10,000,000.00
08/24/98 08/28/98 4 5.7300 28,481,855.00 18,145.00 28,500,000.00
08/26/98 08/27/98 1 5.8500 1,099,821.25 178.75 1,100,000.00
09/01/98 09/02/98 1 5.8700 6,498,940.14 1,059.86 6,500,000.00
09/01/98 09/03/98 2 5.8700 13,195,695.33 4,304.67 13,200,000.00
09/02/98 09/08/98 6 5.7300 4,096,084.50 3,915.50 4,100,000.00
09/03/98 09/09/98 6 5.7100 17,033,774.08 16,225.92 17,050,000.00
09/04/98 09/16/98 12 5.7100 35,657,003.42 67,996.58 35,725,000.00
09/08/98 09/11/98 3 5.8300 4,997,570.83 2,429.17 5,000,000.00
09/09/98 09/14/98 5 5.7800 11,990,366.67 9,633.33 12,000,000.00
09/10/98 09/18/98 8 5.7800 37,951,191.11 48,808.89 38,000,000.00
P 09/11/98 09/17/98 6 5.7800 3,996,146.67 3,853.33 4,000,000.00
09/16/98 09/23/98 7 5.7500 43,351,476.39 48,523.61 43,400,000.00
09/17/98 09/21/98 4 5.7000 1,898,796.67 1,203.33 1,900,000.00
09/18/98 09/25/98 7 5.7300 29,966,575.00 33,425.00 30,000,000.00
09/18/98 09/22/98 4 5.7300 2,498,408.33 1,591.67 2,500,000.00
09/21/98 09/22/98 1 5.7000 6,498,970.83 1,029.17 6,500,000.00
09/22/98 09/28/98 6 5.7300 13,587,012.00 12,988.00 13,600,000.00
09/23/98 09/24/98 1 5.7500 14,997,604.17 2,395.83 15,000,000.00
09/23/98 09/29/98 6 5.8000 17,982,600.00 17,400.00 18,000,000.00
09/25/98 10/06/98 11 5.6800 29,448,801.11 51,198.89 29,500,000.00
09/29/98 10/01/98 2 5.9000 13,995,411.11 4,588.89 14,000,000.00
---------------- ---------------- ----------------
CP TOTAL 772,824,429.44 1,000,570.56 773,825,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 853,624,429.44 1,093,963.13 854,718,392.57
================ ================ ================
AVERAGE NUMBER OF DAYS 7.94
WEIGHTED AVERAGE RATE 5.7378
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 16
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 09/30/98
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 07/31/98 08/17/98 17 5.7000 2,000,000.00 5,383.33 2,005,383.33
09/21/98 10/02/98 11 5.8300 2,200,000.00 3,919.06 2,203,919.06
09/25/98 10/09/98 14 5.7500 20,200,000.00 45,169.44 20,245,169.44
09/28/98 10/07/98 9 5.7100 7,850,000.00 11,205.88 7,861,205.88
09/29/98 10/02/98 3 5.6300 700,000.00 328.42 700,328.42
---------------- ---------------- ----------------
BL TOTAL 32,950,000.00 66,006.13 33,016,006.13
CP 07/02/98 07/08/98 6 5.8000 26,074,770.00 25,230.00 26,100,000.00
07/07/98 07/09/98 2 5.6500 19,993,722.22 6,277.78 20,000,000.00
07/07/98 07/10/98 3 5.6500 2,998,587.50 1,412.50 3,000,000.00
07/08/98 07/15/98 7 5.6200 23,074,756.83 25,243.17 23,100,000.00
07/09/98 07/14/98 5 5.6300 9,992,180.56 7,819.44 10,000,000.00
07/09/98 07/17/98 8 5.6700 8,089,794.00 10,206.00 8,100,000.00
07/10/98 07/16/98 6 5.6500 1,898,210.83 1,789.17 1,900,000.00
07/14/98 07/22/98 8 5.6800 5,193,436.44 6,563.56 5,200,000.00
07/15/98 07/23/98 8 5.7500 24,468,694.44 31,305.56 24,500,000.00
07/17/98 07/24/98 7 5.6400 4,994,516.67 5,483.33 5,000,000.00
07/17/98 07/27/98 10 5.6600 5,516,313.47 8,686.53 5,525,000.00
07/20/98 07/28/98 8 5.7000 1,697,846.67 2,153.33 1,700,000.00
07/21/98 07/29/98 8 5.7000 29,962,000.00 38,000.00 30,000,000.00
07/22/98 08/07/98 16 5.7200 4,239,195.56 10,804.44 4,250,000.00
07/23/98 08/10/98 18 5.7500 9,971,250.00 28,750.00 10,000,000.00
07/23/98 08/11/98 19 5.7500 4,187,254.17 12,745.83 4,200,000.00
07/23/98 08/11/98 19 5.7500 6,978,756.94 21,243.06 7,000,000.00
07/24/98 08/06/98 13 5.7300 2,993,792.50 6,207.50 3,000,000.00
07/24/98 08/12/98 19 5.7300 3,040,776.29 9,223.71 3,050,000.00
07/27/98 08/14/98 18 5.7700 24,927,875.00 72,125.00 25,000,000.00
07/27/98 08/19/98 23 5.7700 22,417,056.25 82,943.75 22,500,000.00
07/29/98 08/18/98 20 5.8000 9,967,777.78 32,222.22 10,000,000.00
07/29/98 08/24/98 26 5.7800 9,958,255.56 41,744.44 10,000,000.00
07/29/98 08/04/98 6 5.8300 3,096,987.83 3,012.17 3,100,000.00
08/03/98 08/25/98 22 5.7500 4,235,065.97 14,934.03 4,250,000.00
08/10/98 08/21/98 11 5.7300 7,486,868.75 13,131.25 7,500,000.00
08/10/98 08/21/98 11 5.7300 623,905.73 1,094.27 625,000.00
08/11/98 08/26/98 15 5.7300 4,589,017.50 10,982.50 4,600,000.00
08/11/98 08/26/98 15 5.7300 1,571,239.69 3,760.31 1,575,000.00
08/14/98 08/28/98 14 5.7100 17,960,030.00 39,970.00 18,000,000.00
08/17/98 08/27/98 10 5.7800 2,595,825.56 4,174.44 2,600,000.00
08/18/98 09/04/98 17 5.7200 3,490,546.11 9,453.89 3,500,000.00
08/19/98 09/11/98 23 5.7200 18,930,565.56 69,434.44 19,000,000.00
08/20/98 09/14/98 25 5.7300 3,535,873.96 14,126.04 3,550,000.00
08/21/98 09/16/98 26 5.7300 5,975,170.00 24,830.00 6,000,000.00
08/24/98 09/18/98 25 5.7300 10,109,611.46 40,388.54 10,150,000.00
08/28/98 09/02/98 5 5.7500 14,638,300.35 11,699.65 14,650,000.00
09/02/98 09/08/98 6 5.7000 11,089,455.00 10,545.00 11,100,000.00
09/04/98 09/09/98 5 5.6200 3,896,955.83 3,044.17 3,900,000.00
09/08/98 09/22/98 14 5.6700 6,685,226.50 14,773.50 6,700,000.00
09/10/98 09/23/98 13 5.7200 6,985,541.11 14,458.89 7,000,000.00
09/10/98 09/28/98 18 5.7200 9,971,400.00 28,600.00 10,000,000.00
09/11/98 09/25/98 14 5.7100 15,964,471.11 35,528.89 16,000,000.00
09/15/98 09/29/98 14 5.7500 6,984,347.22 15,652.78 7,000,000.00
09/15/98 09/29/98 14 5.7500 7,383,452.78 16,547.22 7,400,000.00
09/16/98 09/17/98 1 5.7000 5,749,089.58 910.42 5,750,000.00
09/17/98 09/24/98 7 5.6800 1,498,343.33 1,656.67 1,500,000.00
09/18/98 10/02/98 14 5.8000 11,424,173.89 25,826.11 11,450,000.00
09/22/98 10/02/98 10 5.9000 2,096,558.33 3,441.67 2,100,000.00
09/23/98 10/06/98 13 5.9000 4,340,732.08 9,267.92 4,350,000.00
09/29/98 10/02/98 3 5.7500 6,496,885.42 3,114.58 6,500,000.00
---------------- ---------------- ----------------
CP TOTAL 462,042,460.33 932,539.67 462,975,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 494,992,460.33 998,545.80 495,991,006.13
================ ================ ================
AVERAGE NUMBER OF DAYS 12.54
WEIGHTED AVERAGE RATE 5.7274
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 20
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 09/30/98
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 07/02/98 07/14/98 12 5.7759 24,900,000.00 47,939.97 24,947,939.97
07/28/98 08/04/98 7 5.7759 6,150,000.00 6,907.01 6,156,907.01
07/29/98 08/06/98 8 5.8200 5,800,000.00 7,501.33 5,807,501.33
07/31/98 08/14/98 14 5.8300 34,000,000.00 77,085.56 34,077,085.56
07/31/98 08/03/98 3 5.8000 20,000,000.00 9,666.67 20,009,666.67
08/13/98 08/18/98 5 5.7300 500,000.00 397.92 500,397.92
08/14/98 08/19/98 5 5.7000 33,850,000.00 26,797.92 33,876,797.92
08/17/98 08/25/98 8 5.7300 15,650,000.00 19,927.67 15,669,927.67
08/28/98 09/08/98 11 5.7000 800,000.00 1,393.33 801,393.33
09/14/98 09/15/98 1 5.8600 700,000.00 113.94 700,113.94
09/18/98 09/22/98 4 5.7000 22,400,000.00 14,186.67 22,414,186.67
09/22/98 09/29/98 7 5.8500 9,200,000.00 10,465.00 9,210,465.00
09/23/98 10/02/98 9 5.8800 4,500,000.00 6,615.00 4,506,615.00
09/24/98 10/06/98 12 5.8300 6,500,000.00 12,631.67 6,512,631.67
09/25/98 10/07/98 12 5.7500 24,000,000.00 46,000.00 24,046,000.00
09/28/98 10/01/98 3 5.7700 15,700,000.00 7,549.08 15,707,549.08
09/29/98 10/01/98 2 5.7900 7,500,000.00 2,412.50 7,502,412.50
09/30/98 10/02/98 2 5.6300 800,000.00 250.22 800,250.22
---------------- ---------------- ----------------
BL TOTAL 232,950,000.00 297,841.46 233,247,841.46
CP 07/01/98 07/10/98 9 5.9800 25,661,578.50 38,421.50 25,700,000.00
07/01/98 07/10/98 9 5.9800 698,953.50 1,046.50 700,000.00
07/07/98 07/15/98 8 5.7100 11,485,407.78 14,592.22 11,500,000.00
07/07/98 07/15/98 8 5.7100 1,198,477.33 1,522.67 1,200,000.00
07/08/98 07/17/98 9 5.7100 16,276,731.75 23,268.25 16,300,000.00
07/09/98 07/20/98 11 5.7100 24,956,381.94 43,618.06 25,000,000.00
07/10/98 07/21/98 11 5.7100 25,655,160.64 44,839.36 25,700,000.00
07/14/98 07/17/98 3 5.6800 13,993,373.33 6,626.67 14,000,000.00
07/15/98 07/22/98 7 5.7400 9,789,062.11 10,937.89 9,800,000.00
07/17/98 07/22/98 5 5.6800 26,703,916.94 21,083.06 26,725,000.00
07/17/98 07/22/98 5 5.6800 99,921.11 78.89 100,000.00
07/21/98 08/11/98 21 5.7200 49,833,166.67 166,833.33 50,000,000.00
07/21/98 07/23/98 2 5.6700 2,399,244.00 756.00 2,400,000.00
07/21/98 08/11/98 21 5.7200 3,986,653.33 13,346.67 4,000,000.00
07/22/98 07/23/98 1 5.6500 19,996,861.11 3,138.89 20,000,000.00
07/22/98 07/24/98 2 5.6500 12,496,076.39 3,923.61 12,500,000.00
07/22/98 07/24/98 2 5.6500 799,748.89 251.11 800,000.00
07/23/98 07/24/98 1 5.7000 18,197,118.33 2,881.67 18,200,000.00
07/24/98 07/27/98 3 5.6700 39,981,100.00 18,900.00 40,000,000.00
07/24/98 07/27/98 3 5.6700 999,527.50 472.50 1,000,000.00
07/27/98 07/28/98 1 5.8000 43,792,943.33 7,056.67 43,800,000.00
07/28/98 07/29/98 1 5.8400 29,995,133.33 4,866.67 30,000,000.00
07/29/98 08/05/98 7 5.8700 14,982,879.17 17,120.83 15,000,000.00
07/29/98 08/07/98 9 5.8700 9,985,325.00 14,675.00 10,000,000.00
08/03/98 08/06/98 3 5.8000 29,485,741.67 14,258.33 29,500,000.00
08/04/98 08/12/98 8 5.7600 2,996,160.00 3,840.00 3,000,000.00
08/05/98 08/17/98 12 5.7100 17,366,882.00 33,118.00 17,400,000.00
08/06/98 08/18/98 12 5.7300 28,944,610.00 55,390.00 29,000,000.00
08/06/98 08/18/98 12 5.7300 5,689,113.00 10,887.00 5,700,000.00
08/07/98 08/19/98 12 5.7500 11,777,383.33 22,616.67 11,800,000.00
08/11/98 08/12/98 1 5.6800 15,997,475.56 2,524.44 16,000,000.00
08/11/98 08/21/98 10 5.7500 31,948,888.89 51,111.11 32,000,000.00
08/12/98 08/13/98 1 5.7300 2,799,554.33 445.67 2,800,000.00
08/12/98 08/13/98 1 5.7300 10,998,249.17 1,750.83 11,000,000.00
08/13/98 08/20/98 7 5.7600 9,289,584.00 10,416.00 9,300,000.00
08/18/98 08/19/98 1 5.7200 27,695,598.78 4,401.22 27,700,000.00
08/18/98 08/19/98 1 5.7200 1,874,702.08 297.92 1,875,000.00
08/19/98 08/20/98 1 5.6700 29,995,275.00 4,725.00 30,000,000.00
08/19/98 08/25/98 6 5.7100 29,971,450.00 28,550.00 30,000,000.00
08/19/98 08/20/98 1 5.6700 4,899,228.25 771.75 4,900,000.00
08/20/98 08/24/98 4 5.6800 26,008,575.33 16,424.67 26,025,000.00
08/21/98 08/26/98 5 5.6500 28,677,478.47 22,521.53 28,700,000.00
08/24/98 08/28/98 4 5.7300 29,081,473.00 18,527.00 29,100,000.00
08/25/98 09/04/98 10 5.7400 41,433,830.56 66,169.44 41,500,000.00
08/25/98 08/26/98 1 5.6500 2,599,591.94 408.06 2,600,000.00
08/26/98 08/27/98 1 5.7500 7,498,802.08 1,197.92 7,500,000.00
08/27/98 09/02/98 6 5.8500 1,698,342.50 1,657.50 1,700,000.00
08/28/98 09/08/98 11 5.7800 11,280,042.94 19,957.06 11,300,000.00
08/31/98 09/11/98 11 5.8800 39,928,133.33 71,866.67 40,000,000.00
09/04/98 09/09/98 5 5.6600 23,481,526.39 18,473.61 23,500,000.00
09/08/98 09/14/98 6 5.7500 9,990,416.67 9,583.33 10,000,000.00
09/09/98 09/16/98 7 5.8200 13,334,892.25 15,107.75 13,350,000.00
09/10/98 09/16/98 6 5.7600 23,477,440.00 22,560.00 23,500,000.00
09/11/98 09/18/98 7 5.7000 39,456,220.83 43,779.17 39,500,000.00
09/14/98 09/22/98 8 5.8300 6,990,931.11 9,068.89 7,000,000.00
09/16/98 09/21/98 5 5.7500 3,497,204.86 2,795.14 3,500,000.00
09/16/98 09/21/98 5 5.7500 29,976,041.67 23,958.33 30,000,000.00
09/21/98 09/23/98 2 5.7200 29,990,466.67 9,533.33 30,000,000.00
09/21/98 09/24/98 3 5.7400 6,197,034.33 2,965.67 6,200,000.00
09/22/98 09/28/98 6 5.8000 14,985,500.00 14,500.00 15,000,000.00
09/23/98 09/25/98 2 5.9000 19,993,444.44 6,555.56 20,000,000.00
09/30/98 10/02/98 2 6.0700 44,484,993.61 15,006.39 44,500,000.00
---------------- ---------------- ----------------
CP TOTAL 1,119,757,021.02 1,117,978.98 1,120,875,000.00
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 1,352,707,021.02 1,415,820.44 1,354,122,841.46
================ ================ ================
AVERAGE NUMBER OF DAYS 6.13
WEIGHTED AVERAGE RATE 5.7583
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 25
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 09/30/98
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 07/20/98 07/23/98 3 5.7400 375,000.00 179.38 375,179.38
07/31/98 08/06/98 6 5.7300 1,625,000.00 1,551.88 1,626,551.88
08/06/98 08/25/98 19 5.8300 675,000.00 2,076.94 677,076.94
08/10/98 08/12/98 2 5.8000 375,000.00 120.83 375,120.83
08/17/98 08/20/98 3 5.8000 400,000.00 193.33 400,193.33
08/27/98 09/02/98 6 5.8400 500,000.00 486.67 500,486.67
09/21/98 10/16/98 25 5.7600 7,000,000.00 28,000.00 7,028,000.00
09/23/98 10/14/98 21 5.7600 1,600,000.00 5,376.00 1,605,376.00
09/25/98 10/09/98 14 5.7500 1,900,000.00 4,248.61 1,904,248.61
09/28/98 10/07/98 9 5.7100 1,700,000.00 2,426.75 1,702,426.75
---------------- ---------------- ----------------
BL TOTAL 16,150,000.00 44,660.39 16,194,660.39
CP 07/02/98 07/17/98 15 5.8000 34,566,262.50 83,737.50 34,650,000.00
07/07/98 07/21/98 14 5.7600 4,988,800.00 11,200.00 5,000,000.00
07/10/98 07/15/98 5 5.6500 5,195,919.44 4,080.56 5,200,000.00
07/10/98 07/15/98 5 5.6500 399,686.11 313.89 400,000.00
07/15/98 07/31/98 16 5.7300 6,383,701.33 16,298.67 6,400,000.00
07/17/98 07/28/98 11 5.6900 9,982,613.89 17,386.11 10,000,000.00
07/17/98 08/04/98 18 5.7000 19,943,000.00 57,000.00 20,000,000.00
07/17/98 07/20/98 3 5.6200 3,273,466.21 1,533.79 3,275,000.00
07/17/98 07/20/98 3 5.6200 274,871.21 128.79 275,000.00
07/21/98 08/11/98 21 5.7500 3,214,182.81 10,817.19 3,225,000.00
07/21/98 08/11/98 21 5.7500 4,983,229.17 16,770.83 5,000,000.00
07/24/98 08/07/98 14 5.7500 7,982,111.11 17,888.89 8,000,000.00
07/27/98 08/14/98 18 5.7600 1,595,392.00 4,608.00 1,600,000.00
07/28/98 08/19/98 22 5.8000 9,466,327.78 33,672.22 9,500,000.00
07/28/98 08/19/98 22 5.8000 448,405.00 1,595.00 450,000.00
08/03/98 08/17/98 14 5.7600 2,993,280.00 6,720.00 3,000,000.00
08/04/98 08/21/98 17 5.7700 19,446,867.92 53,132.08 19,500,000.00
08/07/98 08/14/98 7 5.6900 7,791,370.17 8,629.83 7,800,000.00
08/11/98 08/28/98 17 5.7500 5,285,609.03 14,390.97 5,300,000.00
08/11/98 08/28/98 17 5.7500 598,370.83 1,629.17 600,000.00
08/12/98 08/26/98 14 5.7500 1,895,751.39 4,248.61 1,900,000.00
08/14/98 08/31/98 17 5.7400 8,626,553.69 23,446.31 8,650,000.00
08/19/98 09/04/98 16 5.7500 4,513,436.11 11,563.89 4,525,000.00
08/20/98 09/11/98 22 5.7500 2,341,742.36 8,257.64 2,350,000.00
08/21/98 09/16/98 26 5.7500 19,916,944.44 83,055.56 20,000,000.00
08/24/98 09/18/98 25 5.7500 7,295,750.87 29,249.13 7,325,000.00
08/25/98 09/22/98 28 5.7500 1,393,738.89 6,261.11 1,400,000.00
08/26/98 09/23/98 28 5.7600 1,991,040.00 8,960.00 2,000,000.00
08/28/98 09/08/98 11 5.7500 5,789,809.72 10,190.28 5,800,000.00
08/31/98 09/25/98 25 5.7700 3,187,177.78 12,822.22 3,200,000.00
09/02/98 09/10/98 8 5.7500 699,105.56 894.44 700,000.00
09/04/98 09/30/98 26 5.7300 4,282,205.17 17,794.83 4,300,000.00
09/08/98 10/02/98 24 5.7500 5,977,000.00 23,000.00 6,000,000.00
09/09/98 10/06/98 27 5.7600 1,145,032.00 4,968.00 1,150,000.00
09/10/98 10/09/98 29 5.7600 6,071,696.00 28,304.00 6,100,000.00
09/11/98 10/14/98 33 5.7500 1,989,458.33 10,541.67 2,000,000.00
09/16/98 10/02/98 16 5.8300 17,155,432.89 44,567.11 17,200,000.00
09/18/98 09/30/98 12 5.7000 5,389,740.00 10,260.00 5,400,000.00
09/25/98 10/09/98 14 5.7500 4,689,490.28 10,509.72 4,700,000.00
---------------- ---------------- ----------------
CP TOTAL 253,164,571.99 710,428.01 253,875,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 269,314,571.99 755,088.40 270,069,660.39
================ ================ ================
AVERAGE NUMBER OF DAYS 16.10
WEIGHTED AVERAGE RATE 5.7526
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 28
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 09/30/98
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 07/02/98 07/07/98 5 5.7759 3,975,000.00 3,188.78 3,978,188.78
07/07/98 07/10/98 3 5.6625 3,050,000.00 1,439.22 3,051,439.22
07/10/98 07/15/98 5 5.7759 2,825,000.00 2,266.24 2,827,266.24
07/15/98 07/17/98 2 5.8526 1,775,000.00 577.13 1,775,577.13
07/17/98 07/22/98 5 5.7759 1,400,000.00 1,123.09 1,401,123.09
07/21/98 07/24/98 3 5.7400 250,000.00 119.58 250,119.58
07/22/98 08/04/98 13 5.7759 1,550,000.00 3,232.90 1,553,232.90
07/24/98 07/30/98 6 5.8700 150,000.00 146.75 150,146.75
07/27/98 08/07/98 11 5.8300 4,500,000.00 8,016.25 4,508,016.25
08/04/98 08/11/98 7 5.8392 2,475,000.00 2,810.12 2,477,810.12
08/07/98 08/14/98 7 5.8100 4,075,000.00 4,603.62 4,079,603.62
08/11/98 08/19/98 8 5.8392 1,250,000.00 1,622.00 1,251,622.00
08/14/98 08/19/98 5 5.8300 3,350,000.00 2,712.57 3,352,712.57
08/19/98 08/21/98 2 5.7259 2,800,000.00 890.70 2,800,890.70
08/21/98 08/28/98 7 5.9026 2,325,000.00 2,668.47 2,327,668.47
08/28/98 09/04/98 7 5.9026 1,925,000.00 2,209.38 1,927,209.38
08/31/98 09/09/98 9 5.7900 4,900,000.00 7,092.75 4,907,092.75
09/04/98 09/11/98 7 5.8800 1,675,000.00 1,915.08 1,676,915.08
09/09/98 09/11/98 2 5.7900 3,600,000.00 1,158.00 3,601,158.00
09/11/98 09/16/98 5 5.7900 5,275,000.00 4,241.98 5,279,241.98
09/16/98 09/18/98 2 5.7900 2,525,000.00 812.21 2,525,812.21
09/18/98 09/22/98 4 5.7900 1,100,000.00 707.67 1,100,707.67
09/22/98 10/02/98 10 5.8300 700,000.00 1,133.61 701,133.61
09/28/98 10/06/98 8 5.7100 4,875,000.00 6,185.83 4,881,185.83
---------------- ---------------- ----------------
BL TOTAL 62,325,000.00 60,873.93 62,385,873.93
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 62,325,000.00 60,873.93 62,385,873.93
================ ================ ================
AVERAGE NUMBER OF DAYS 5.96
WEIGHTED AVERAGE RATE 5.7940
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:56
<CAPTION> PAGE: 30
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 09/30/98
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 07/02/98 07/08/98 6 5.8700 10,000,000.00 9,783.33 10,009,783.33
07/02/98 07/10/98 8 5.8000 20,000,000.00 25,777.78 20,025,777.78
07/02/98 07/09/98 7 5.7700 40,000,000.00 44,877.78 40,044,877.78
07/20/98 07/22/98 2 5.6700 40,000,000.00 12,600.00 40,012,600.00
07/21/98 07/23/98 2 5.6700 7,000,000.00 2,205.00 7,002,205.00
07/28/98 08/04/98 7 5.7759 3,600,000.00 4,043.13 3,604,043.13
07/30/98 08/03/98 4 5.7300 27,800,000.00 17,699.33 27,817,699.33
07/31/98 08/06/98 6 5.8300 7,000,000.00 6,801.67 7,006,801.67
07/31/98 08/12/98 12 5.7900 20,400,000.00 39,372.00 20,439,372.00
08/17/98 08/19/98 2 5.8300 25,500,000.00 8,259.17 25,508,259.17
08/19/98 08/20/98 1 5.7000 32,000,000.00 5,066.67 32,005,066.67
08/20/98 08/24/98 4 5.7400 28,000,000.00 17,857.78 28,017,857.78
08/20/98 08/24/98 4 5.7300 40,000,000.00 25,466.67 40,025,466.67
08/24/98 08/25/98 1 5.7400 24,300,000.00 3,874.50 24,303,874.50
08/24/98 08/25/98 1 5.7300 40,000,000.00 6,366.67 40,006,366.67
08/26/98 08/27/98 1 5.7900 4,400,000.00 707.67 4,400,707.67
08/28/98 09/01/98 4 5.7259 1,400,000.00 890.70 1,400,890.70
09/15/98 09/18/98 3 5.8000 7,000,000.00 3,383.33 7,003,383.33
09/21/98 09/22/98 1 5.7700 39,000,000.00 6,250.83 39,006,250.83
09/23/98 09/25/98 2 5.7000 15,000,000.00 4,750.00 15,004,750.00
09/24/98 09/29/98 5 5.6700 20,000,000.00 15,750.00 20,015,750.00
09/25/98 10/02/98 7 5.8100 5,000,000.00 5,648.61 5,005,648.61
09/25/98 10/02/98 7 5.7300 15,000,000.00 16,712.50 15,016,712.50
09/25/98 09/28/98 3 5.4800 700,000.00 319.67 700,319.67
09/28/98 10/01/98 3 5.7000 1,000,000.00 475.00 1,000,475.00
09/29/98 10/01/98 2 5.6625 7,200,000.00 2,265.00 7,202,265.00
09/30/98 10/02/98 2 5.6600 4,000,000.00 1,257.78 4,001,257.78
---------------- ---------------- ----------------
BL TOTAL 485,300,000.00 288,462.57 485,588,462.57
CP 07/06/98 07/13/98 7 5.7500 17,979,875.00 20,125.00 18,000,000.00
07/06/98 07/13/98 7 5.7500 699,217.36 782.64 700,000.00
07/07/98 07/15/98 8 5.7100 37,951,782.22 48,217.78 38,000,000.00
07/07/98 07/08/98 1 5.6800 12,498,027.78 1,972.22 12,500,000.00
07/08/98 07/14/98 6 5.6200 7,492,975.00 7,025.00 7,500,000.00
07/08/98 07/14/98 6 5.6200 1,998,126.67 1,873.33 2,000,000.00
07/09/98 07/17/98 8 5.6800 38,950,773.33 49,226.67 39,000,000.00
07/09/98 07/17/98 8 5.6800 649,179.56 820.44 650,000.00
07/10/98 07/17/98 7 5.7000 21,975,616.67 24,383.33 22,000,000.00
07/13/98 07/20/98 7 5.7200 20,477,199.44 22,800.56 20,500,000.00
07/15/98 07/17/98 2 5.7600 42,386,432.00 13,568.00 42,400,000.00
07/17/98 07/20/98 3 5.6300 29,985,925.00 14,075.00 30,000,000.00
07/17/98 07/22/98 5 5.7300 3,497,214.58 2,785.42 3,500,000.00
07/17/98 07/20/98 3 5.6300 49,976,541.67 23,458.33 50,000,000.00
07/20/98 07/21/98 1 5.6700 14,997,637.50 2,362.50 15,000,000.00
07/20/98 07/21/98 1 5.6700 49,992,125.00 7,875.00 50,000,000.00
07/21/98 09/30/98 71 5.7300 9,000,128.51 102,871.49 9,103,000.00
07/21/98 07/22/98 1 5.6600 30,695,173.28 4,826.72 30,700,000.00
07/21/98 07/22/98 1 5.6600 49,992,138.89 7,861.11 50,000,000.00
07/22/98 07/23/98 1 5.6400 29,995,300.00 4,700.00 30,000,000.00
07/22/98 07/27/98 5 5.6700 19,984,250.00 15,750.00 20,000,000.00
07/22/98 07/30/98 8 5.6900 33,957,008.89 42,991.11 34,000,000.00
07/22/98 07/23/98 1 5.6400 49,992,166.67 7,833.33 50,000,000.00
07/23/98 07/24/98 1 5.6900 49,992,097.22 7,902.78 50,000,000.00
07/23/98 07/28/98 5 5.7000 18,185,591.67 14,408.33 18,200,000.00
07/23/98 07/28/98 5 5.7100 11,091,197.08 8,802.92 11,100,000.00
07/24/98 07/31/98 7 5.6900 49,944,680.56 55,319.44 50,000,000.00
07/24/98 08/11/98 18 5.7500 26,473,668.75 76,331.25 26,550,000.00
07/27/98 08/07/98 11 5.8200 9,882,394.50 17,605.50 9,900,000.00
07/28/98 08/14/98 17 5.7800 14,959,058.33 40,941.67 15,000,000.00
08/03/98 08/06/98 3 5.7900 44,678,432.25 21,567.75 44,700,000.00
08/04/98 08/17/98 13 5.7600 7,683,984.00 16,016.00 7,700,000.00
08/06/98 08/18/98 12 5.7300 44,914,050.00 85,950.00 45,000,000.00
08/06/98 08/18/98 12 5.7300 5,190,068.00 9,932.00 5,200,000.00
08/07/98 08/19/98 12 5.7400 9,182,397.33 17,602.67 9,200,000.00
08/11/98 08/17/98 6 5.7500 17,982,750.00 17,250.00 18,000,000.00
08/11/98 08/17/98 6 5.7500 799,233.33 766.67 800,000.00
08/12/98 08/20/98 8 5.7700 20,473,714.44 26,285.56 20,500,000.00
08/12/98 08/20/98 8 5.7700 3,820,095.50 4,904.50 3,825,000.00
08/13/98 08/19/98 6 5.7800 34,866,379.67 33,620.33 34,900,000.00
08/14/98 08/19/98 5 5.7700 27,477,961.81 22,038.19 27,500,000.00
08/18/98 08/20/98 2 5.7200 34,489,036.67 10,963.33 34,500,000.00
08/18/98 08/19/98 1 5.7200 349,944.39 55.61 350,000.00
08/19/98 08/21/98 2 5.6700 24,992,125.00 7,875.00 25,000,000.00
08/20/98 08/21/98 1 5.6300 39,993,744.44 6,255.56 40,000,000.00
08/20/98 08/21/98 1 5.6300 49,992,180.56 7,819.44 50,000,000.00
08/25/98 08/26/98 1 5.6500 44,992,937.50 7,062.50 45,000,000.00
08/25/98 08/27/98 2 5.7000 3,698,828.33 1,171.67 3,700,000.00
08/26/98 08/28/98 2 5.7500 40,986,902.78 13,097.22 41,000,000.00
08/26/98 08/27/98 1 5.7500 699,888.19 111.81 700,000.00
08/28/98 09/01/98 4 5.8300 29,980,566.67 19,433.33 30,000,000.00
08/31/98 09/02/98 2 5.9500 24,991,736.11 8,263.89 25,000,000.00
08/31/98 09/03/98 3 6.0000 3,098,450.00 1,550.00 3,100,000.00
09/01/98 09/08/98 7 5.8500 31,464,168.75 35,831.25 31,500,000.00
09/02/98 09/04/98 2 5.7300 31,290,036.17 9,963.83 31,300,000.00
09/02/98 09/11/98 9 5.7000 9,985,750.00 14,250.00 10,000,000.00
09/03/98 09/11/98 8 5.6900 12,184,573.78 15,426.22 12,200,000.00
09/04/98 09/09/98 5 5.6600 31,475,237.50 24,762.50 31,500,000.00
09/08/98 09/16/98 8 5.7300 40,947,793.33 52,206.67 41,000,000.00
09/08/98 09/09/98 1 5.7900 549,911.54 88.46 550,000.00
09/09/98 09/16/98 7 5.8000 22,974,061.11 25,938.89 23,000,000.00
09/09/98 09/16/98 7 5.8200 3,496,039.17 3,960.83 3,500,000.00
09/10/98 09/18/98 8 5.7300 49,936,333.33 63,666.67 50,000,000.00
09/10/98 09/18/98 8 5.7400 4,094,770.22 5,229.78 4,100,000.00
09/11/98 09/18/98 7 5.6800 19,977,911.11 22,088.89 20,000,000.00
09/11/98 09/18/98 7 5.7000 1,248,614.58 1,385.42 1,250,000.00
09/16/98 09/17/98 1 5.7200 17,997,140.00 2,860.00 18,000,000.00
09/16/98 09/18/98 2 5.7200 49,984,111.11 15,888.89 50,000,000.00
09/16/98 09/22/98 6 5.7500 3,496,645.83 3,354.17 3,500,000.00
09/17/98 09/21/98 4 5.7000 3,197,973.33 2,026.67 3,200,000.00
09/22/98 09/23/98 1 5.7500 24,996,006.94 3,993.06 25,000,000.00
09/22/98 09/24/98 2 5.8500 11,896,132.50 3,867.50 11,900,000.00
09/23/98 09/25/98 2 5.9000 4,998,361.11 1,638.89 5,000,000.00
09/23/98 09/28/98 5 5.8600 8,593,000.56 6,999.44 8,600,000.00
09/29/98 10/01/98 2 5.9200 14,995,066.67 4,933.33 15,000,000.00
09/30/98 12/31/98 92 5.5300 7,500,482.05 107,517.95 7,608,000.00
09/30/98 10/02/98 2 5.9800 43,985,382.22 14,617.78 44,000,000.00
---------------- ---------------- ----------------
CP TOTAL 1,722,254,413.01 1,431,586.99 1,723,686,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 2,207,554,413.01 1,720,049.56 2,209,274,462.57
================ ================ ================
AVERAGE NUMBER OF DAYS 6.30
WEIGHTED AVERAGE RATE 5.7266
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 10/02/98
CASH MANAGEMENT SYSTEM TIME: 15:32:57
<CAPTION> PAGE: 36
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 09/30/98
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 07/02/98 07/08/98 6 5.7759 2,875,000.00 2,767.62 2,877,767.62
07/08/98 07/10/98 2 5.5991 2,825,000.00 878.75 2,825,878.75
07/10/98 07/15/98 5 5.7759 2,525,000.00 2,025.58 2,527,025.58
07/15/98 07/17/98 2 5.8526 1,700,000.00 552.75 1,700,552.75
07/17/98 07/22/98 5 5.7759 1,275,000.00 1,022.82 1,276,022.82
07/28/98 08/07/98 10 5.8600 2,500,000.00 4,069.44 2,504,069.44
08/03/98 08/11/98 8 5.8300 175,000.00 226.72 175,226.72
08/07/98 08/12/98 5 5.8300 2,300,000.00 1,862.36 2,301,862.36
08/12/98 08/13/98 1 5.7892 1,775,000.00 285.44 1,775,285.44
08/13/98 08/19/98 6 5.8392 1,500,000.00 1,459.80 1,501,459.80
09/01/98 09/04/98 3 5.9300 3,375,000.00 1,667.81 3,376,667.81
09/04/98 09/09/98 5 5.8800 3,200,000.00 2,613.33 3,202,613.33
09/09/98 09/16/98 7 5.8800 2,475,000.00 2,829.75 2,477,829.75
09/16/98 09/18/98 2 5.8800 875,000.00 285.83 875,285.83
09/18/98 09/22/98 4 5.8800 350,000.00 228.67 350,228.67
09/25/98 10/06/98 11 5.7500 4,650,000.00 8,169.79 4,658,169.79
---------------- ---------------- ----------------
BL TOTAL 34,375,000.00 30,946.46 34,405,946.46
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 34,375,000.00 30,946.46 34,405,946.46
================ ================ ================
AVERAGE NUMBER OF DAYS 5.13
WEIGHTED AVERAGE RATE 5.8111
</TABLE>
