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Previous: AMERICAN BUSINESS PRODUCTS INC, 4, 1998-01-12 |
Next: AMERICAN ELECTRIC POWER COMPANY INC, 35-CERT, 1998-01-12 |
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. 8
(70-8693) :
:
Public Utility Holding Company Act of 1935 :
______________________________________________:
THIS IS TO CERTIFY THAT AMERICAN ELECTRIC POWER COMPANY, INC.,
and certain of its electric utility subsidiaries, in accordance
with the terms and conditions of, and for the purposes represented
by, the Application or declaration herein, as amended, the order of
the Securities and Exchange Commission with respect thereto, dated
December 8, 1995, has carried out the transactions listed below:
1. American Electric Power Company, Inc, AEP Generating Company,
Appalachian Power Company, Columbus Southern Power Company,
Indiana Michigan Power Company, Kingsport Power Company, Ohio
Power Company, and Wheeling Power Company made short-term note
borrowings from banks during the calendar quarter ended
December 31, 1997; American Electric Power Company, Inc.,
Appalachian Power Company, Columbus Southern Power Company,
Indiana Michigan Power Company and Ohio Power Company sold
commercial paper to Lehman Brothers Commercial Paper,
Incorporated; Appalachian Power Company sold commercial paper
to First Chicago; Columbus Southern Power Company sold
commercial paper to Citicorp Securities Markets; Indiana
Michigan Power Company and Ohio Power Company sold commercial
paper to Goldman Sachs Money Markets, L.P.; Kentucky Power
Company sold commercial paper to Merrill Lynch Money Markets,
Incorporated; and American Electric Power Company, Inc.,
Columbus Southern Power Company and Kentucky Power Company
sold commercial paper to Morgan Stanley & Co. during the
calendar quarter ended December 31, 1997.
These note borrowings from banks and commercial paper
transactions, if any, are summarized on the attached computer
printouts for each company. Bank note borrowings are indicated as
"BL" and Commercial Paper transactions by each company are
indicated as "CP".
The interest rate for each transaction involving note
borrowings from banks in the report is calculated on an interest-
bearing basis and a 360-day year. The interest rate for each
commercial paper transaction is calculated on a discounted basis
and a 360-day year. The actual prime rates in effect during the
quarter are set forth in Exhibit A.
This Certificate of Notification is filed pursuant to the
Commission's Order in this proceeding after the end of the calendar
quarter during which the above-described transactions were
consummated.
AMERICAN ELECTRIC POWER COMPANY, INC.
AEP GENERATING COMPANY
APPALACHIAN POWER COMPANY
COLUMBUS SOUTHERN POWER COMPANY
INDIANA MICHIGAN POWER COMPANY
KENTUCKY POWER COMPANY
KINGSPORT POWER COMPANY
OHIO POWER COMPANY
WHEELING POWER COMPANY
By: /s/ A. A. Pena
A. A. Pena, Treasurer
Dated: January 12, 1998
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
Fourth Quarter of the Calendar Year 1997
Month Actual Prime Rates*
October 1 - December 31 8.50%
* Represents the prime commercial lending rates of major New
York City banks as reported in The Wall Street Journal.
<PAGE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:47
<CAPTION> PAGE: 1
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/17/97 10/20/97 3 5.6500 1,175,000.00 553.23 1,175,553.23
12/08/97 12/19/97 11 5.8300 13,000,000.00 23,158.06 13,023,158.06
12/08/97 12/19/97 11 5.8200 10,000,000.00 17,783.33 10,017,783.33
12/12/97 12/22/97 10 5.8000 1,850,000.00 2,980.56 1,852,980.56
12/17/97 12/22/97 5 5.8900 2,100,000.00 1,717.92 2,101,717.92
12/19/97 12/22/97 3 5.7000 7,350,000.00 3,491.25 7,353,491.25
12/19/97 01/06/98 18 6.3500 10,000,000.00 31,750.00 10,031,750.00
12/29/97 01/06/98 8 6.7000 1,750,000.00 2,605.56 1,752,605.56
---------------- ---------------- ----------------
BL TOTAL 47,225,000.00 84,039.91 47,309,039.91
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 47,225,000.00 84,039.91 47,309,039.91
================ ================ ================
AVERAGE NUMBER OF DAYS 8.63
WEIGHTED AVERAGE RATE 5.9470
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:47
<CAPTION> PAGE: 2
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/06/97 10/22/97 16 5.7300 200,000.00 509.33 200,509.33
10/22/97 10/29/97 7 5.7300 200,000.00 222.83 200,222.83
12/10/97 12/19/97 9 5.7300 10,000,000.00 14,325.00 10,014,325.00
12/10/97 12/30/97 20 5.7300 3,400,000.00 10,823.33 3,410,823.33
12/19/97 01/06/98 18 6.4200 4,500,000.00 14,445.00 4,514,445.00
12/19/97 01/06/98 18 6.3750 20,000,000.00 63,750.00 20,063,750.00
---------------- ---------------- ----------------
BL TOTAL 38,300,000.00 104,075.49 38,404,075.49
CP 11/18/97 11/21/97 3 5.8000 5,297,438.33 2,561.67 5,300,000.00
11/18/97 12/10/97 22 5.8200 26,729,592.42 95,407.58 26,825,000.00
11/25/97 12/15/97 20 5.8000 15,300,538.89 49,461.11 15,350,000.00
12/04/97 12/19/97 15 5.8400 13,591,845.83 33,154.17 13,625,000.00
12/11/97 12/30/97 19 5.7500 4,212,178.30 12,821.70 4,225,000.00
12/15/97 12/30/97 15 5.8400 17,956,200.00 43,800.00 18,000,000.00
12/17/97 12/30/97 13 5.9000 2,694,247.50 5,752.50 2,700,000.00
12/22/97 12/30/97 8 5.9000 699,082.22 917.78 700,000.00
12/30/97 01/06/98 7 6.6000 29,162,526.67 37,473.33 29,200,000.00
---------------- ---------------- ----------------
CP TOTAL 115,643,650.16 281,349.84 115,925,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 153,943,650.16 385,425.33 154,329,075.49
================ ================ ================
AVERAGE NUMBER OF DAYS 14.00
WEIGHTED AVERAGE RATE 6.0506
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:47
<CAPTION> PAGE: 3
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 12/18/97 01/06/98 19 6.2500 8,500,000.00 28,038.19 8,528,038.19
12/19/97 12/29/97 10 5.8000 5,550,000.00 8,941.67 5,558,941.67
12/29/97 01/06/98 8 6.7000 8,500,000.00 12,655.56 8,512,655.56
12/30/97 01/06/98 7 6.5400 16,700,000.00 21,236.83 16,721,236.83
---------------- ---------------- ----------------
BL TOTAL 39,250,000.00 70,872.25 39,320,872.25
CP 10/01/97 10/03/97 2 5.7500 9,496,965.28 3,034.72 9,500,000.00
10/02/97 10/16/97 14 5.7300 3,292,646.50 7,353.50 3,300,000.00
10/03/97 10/17/97 14 5.6800 9,578,794.67 21,205.33 9,600,000.00
10/06/97 10/21/97 15 5.6800 5,187,693.33 12,306.67 5,200,000.00
10/07/97 10/21/97 14 5.6800 10,476,806.67 23,193.33 10,500,000.00
10/08/97 10/22/97 14 5.7000 9,478,941.67 21,058.33 9,500,000.00
10/10/97 10/22/97 12 5.6800 14,871,789.33 28,210.67 14,900,000.00
10/14/97 10/20/97 6 5.7000 14,186,510.00 13,490.00 14,200,000.00
10/15/97 10/23/97 8 5.7500 6,291,950.00 8,050.00 6,300,000.00
10/17/97 10/24/97 7 5.6500 6,143,243.54 6,756.46 6,150,000.00
10/20/97 10/27/97 7 5.7000 15,782,488.33 17,511.67 15,800,000.00
10/21/97 10/28/97 7 5.7000 11,412,337.29 12,662.71 11,425,000.00
10/22/97 10/29/97 7 5.7100 20,377,350.33 22,649.67 20,400,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:47
<CAPTION> PAGE: 4
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/27/97 11/07/97 11 5.7000 14,474,745.83 25,254.17 14,500,000.00
10/28/97 11/04/97 7 5.7000 7,691,465.83 8,534.17 7,700,000.00
10/28/97 11/07/97 10 5.7000 3,319,735.42 5,264.58 3,325,000.00
10/29/97 11/12/97 14 5.6800 23,872,152.33 52,847.67 23,925,000.00
10/31/97 11/17/97 17 5.8300 11,418,477.51 31,522.49 11,450,000.00
10/31/97 11/07/97 7 5.7300 7,991,086.67 8,913.33 8,000,000.00
11/03/97 11/14/97 11 5.8000 14,574,125.56 25,874.44 14,600,000.00
11/05/97 11/10/97 5 5.7500 3,197,444.44 2,555.56 3,200,000.00
11/05/97 11/13/97 8 5.7500 5,992,333.33 7,666.67 6,000,000.00
11/07/97 11/18/97 11 5.7300 23,558,680.33 41,319.67 23,600,000.00
11/10/97 11/25/97 15 5.7000 2,992,875.00 7,125.00 3,000,000.00
11/12/97 11/19/97 7 5.7700 18,903,767.20 21,232.80 18,925,000.00
11/14/97 11/21/97 7 5.6800 16,381,887.11 18,112.89 16,400,000.00
11/17/97 11/24/97 7 5.8500 14,108,932.81 16,067.19 14,125,000.00
11/18/97 12/03/97 15 5.7800 14,963,875.00 36,125.00 15,000,000.00
11/18/97 12/08/97 20 5.7800 14,802,315.00 47,685.00 14,850,000.00
11/19/97 11/20/97 1 5.6800 20,096,828.67 3,171.33 20,100,000.00
11/20/97 12/12/97 22 5.7800 23,167,875.83 82,124.17 23,250,000.00
11/21/97 12/02/97 11 5.8300 11,878,801.47 21,198.53 11,900,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:47
<CAPTION> PAGE: 5
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/24/97 12/16/97 22 5.8000 14,797,365.00 52,635.00 14,850,000.00
11/26/97 12/09/97 13 5.8300 8,581,894.61 18,105.39 8,600,000.00
12/01/97 12/11/97 10 5.8300 13,677,813.61 22,186.39 13,700,000.00
12/02/97 12/17/97 15 5.8500 6,608,851.56 16,148.44 6,625,000.00
12/03/97 12/18/97 15 5.8000 10,374,866.67 25,133.33 10,400,000.00
12/04/97 12/19/97 15 5.8000 4,090,091.67 9,908.33 4,100,000.00
12/05/97 12/19/97 14 5.8200 9,278,951.00 21,049.00 9,300,000.00
12/08/97 12/23/97 15 5.8000 14,764,233.33 35,766.67 14,800,000.00
12/09/97 12/23/97 14 5.8000 8,505,771.39 19,228.61 8,525,000.00
12/10/97 01/12/98 33 5.9500 6,912,093.54 37,906.46 6,950,000.00
12/11/97 12/29/97 18 5.7500 8,974,125.00 25,875.00 9,000,000.00
12/12/97 12/22/97 10 5.7200 20,217,825.00 32,175.00 20,250,000.00
12/15/97 12/30/97 15 5.9800 31,421,512.50 78,487.50 31,500,000.00
12/16/97 12/17/97 1 5.8500 8,998,537.50 1,462.50 9,000,000.00
12/17/97 12/24/97 7 5.9000 13,484,512.50 15,487.50 13,500,000.00
12/19/97 01/06/98 18 6.3000 8,871,965.00 28,035.00 8,900,000.00
12/22/97 01/06/98 15 6.6000 26,776,162.50 73,837.50 26,850,000.00
12/23/97 01/06/98 14 7.0000 11,069,783.33 30,216.67 11,100,000.00
12/24/97 12/30/97 6 6.0000 14,785,200.00 14,800.00 14,800,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:47
<CAPTION> PAGE: 6
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/30/97 01/05/98 6 7.0500 19,976,500.00 23,500.00 20,000,000.00
12/30/97 01/06/98 7 7.0500 4,993,145.83 6,854.17 5,000,000.00
12/31/97 01/02/98 2 7.0500 2,798,903.33 1,096.67 2,800,000.00
12/31/97 01/09/98 9 7.0500 14,973,562.50 26,437.50 15,000,000.00
---------------- ---------------- ----------------
CP TOTAL 674,898,589.65 1,276,410.35 676,175,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 714,148,589.65 1,347,282.60 715,495,872.25
================ ================ ================
AVERAGE NUMBER OF DAYS 11.37
WEIGHTED AVERAGE RATE 5.9405
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 7
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/30/97 11/06/97 7 5.8600 650,000.00 740.64 650,740.64
11/17/97 12/08/97 21 5.8000 9,300,000.00 31,465.00 9,331,465.00
12/30/97 01/02/98 3 5.8300 4,300,000.00 2,089.08 4,302,089.08
---------------- ---------------- ----------------
BL TOTAL 14,250,000.00 34,294.72 14,284,294.72
CP 10/01/97 10/14/97 13 5.7200 11,176,865.78 23,134.22 11,200,000.00
10/01/97 10/16/97 15 5.7200 9,976,166.67 23,833.33 10,000,000.00
10/02/97 10/17/97 15 5.7200 2,244,637.50 5,362.50 2,250,000.00
10/03/97 10/21/97 18 5.6800 14,209,530.00 40,470.00 14,250,000.00
10/03/97 10/22/97 19 5.6800 9,970,022.22 29,977.78 10,000,000.00
10/03/97 10/21/97 18 5.6800 448,722.00 1,278.00 450,000.00
10/06/97 10/24/97 18 5.7000 3,988,600.00 11,400.00 4,000,000.00
10/09/97 10/23/97 14 5.6800 2,694,036.00 5,964.00 2,700,000.00
10/10/97 10/27/97 17 5.6700 2,393,574.00 6,426.00 2,400,000.00
10/10/97 10/27/97 17 5.6700 224,397.56 602.44 225,000.00
10/14/97 10/28/97 14 5.7000 7,184,040.00 15,960.00 7,200,000.00
10/15/97 10/29/97 14 5.7100 13,070,910.72 29,089.28 13,100,000.00
10/16/97 11/04/97 19 5.6900 6,181,381.06 18,618.94 6,200,000.00
10/20/97 10/30/97 10 5.7200 1,397,775.56 2,224.44 1,400,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 8
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/21/97 11/07/97 17 5.7300 10,571,318.17 28,681.83 10,600,000.00
10/22/97 11/10/97 19 5.7500 6,879,060.42 20,939.58 6,900,000.00
10/24/97 11/12/97 19 5.7200 6,779,471.56 20,528.44 6,800,000.00
10/27/97 11/13/97 17 5.7100 997,303.61 2,696.39 1,000,000.00
10/28/97 11/14/97 17 5.6900 3,640,192.65 9,807.35 3,650,000.00
10/29/97 11/17/97 19 5.7100 8,798,404.88 26,595.12 8,825,000.00
10/29/97 11/17/97 19 5.7100 996,986.39 3,013.61 1,000,000.00
10/31/97 11/18/97 18 5.7500 7,229,156.25 20,843.75 7,250,000.00
11/03/97 11/05/97 2 5.7700 11,696,249.50 3,750.50 11,700,000.00
11/04/97 11/19/97 15 5.7500 6,284,906.25 15,093.75 6,300,000.00
11/05/97 11/21/97 16 5.7500 8,977,000.00 23,000.00 9,000,000.00
11/05/97 11/24/97 19 5.7500 3,090,592.36 9,407.64 3,100,000.00
11/07/97 11/25/97 18 5.7300 6,182,237.00 17,763.00 6,200,000.00
11/07/97 12/03/97 26 5.7500 2,987,541.67 12,458.33 3,000,000.00
11/10/97 12/02/97 22 5.7500 4,882,781.94 17,218.06 4,900,000.00
11/10/97 12/11/97 31 5.7600 2,338,344.00 11,656.00 2,350,000.00
11/18/97 12/12/97 24 5.8200 10,459,260.00 40,740.00 10,500,000.00
11/20/97 12/18/97 28 5.7500 1,493,291.67 6,708.33 1,500,000.00
11/21/97 12/09/97 18 5.7700 6,182,113.00 17,887.00 6,200,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 9
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/25/97 12/17/97 22 5.8000 5,580,151.11 19,848.89 5,600,000.00
11/26/97 12/16/97 20 5.8500 9,668,475.00 31,525.00 9,700,000.00
12/08/97 12/23/97 15 5.7500 5,786,104.17 13,895.83 5,800,000.00
12/09/97 12/29/97 20 5.7600 6,080,480.00 19,520.00 6,100,000.00
12/10/97 12/30/97 20 5.7500 20,035,791.67 64,208.33 20,100,000.00
12/12/97 12/22/97 10 5.7200 8,885,858.89 14,141.11 8,900,000.00
12/15/97 12/19/97 4 6.1000 18,987,122.22 12,877.78 19,000,000.00
12/16/97 12/24/97 8 5.8300 7,390,412.89 9,587.11 7,400,000.00
12/17/97 12/29/97 12 5.8200 2,894,374.00 5,626.00 2,900,000.00
12/19/97 12/30/97 11 5.8000 18,492,169.58 32,830.42 18,525,000.00
12/22/97 01/06/98 15 6.6500 7,678,664.58 21,335.42 7,700,000.00
12/24/97 12/29/97 5 5.9000 8,193,280.56 6,719.44 8,200,000.00
12/29/97 01/06/98 8 7.0800 12,879,704.00 20,296.00 12,900,000.00
12/30/97 01/06/98 7 6.6000 29,961,500.00 38,500.00 30,000,000.00
12/31/97 01/07/98 7 6.8000 11,684,530.00 15,470.00 11,700,000.00
---------------- ---------------- ----------------
CP TOTAL 369,825,489.06 849,510.94 370,675,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 384,075,489.06 883,805.66 384,959,294.72
================ ================ ================
AVERAGE NUMBER OF DAYS 15.69
WEIGHTED AVERAGE RATE 5.9294
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 10
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/17/97 10/21/97 4 5.6700 550,000.00 346.50 550,346.50
11/04/97 11/17/97 13 5.7300 8,900,000.00 18,415.58 8,918,415.58
11/06/97 11/18/97 12 5.7300 12,400,000.00 23,684.00 12,423,684.00
11/18/97 11/25/97 7 5.7600 11,575,000.00 12,964.00 11,587,964.00
11/24/97 12/04/97 10 5.7600 3,400,000.00 5,440.00 3,405,440.00
11/25/97 12/09/97 14 5.8000 11,350,000.00 25,600.56 11,375,600.56
11/26/97 12/05/97 9 5.8300 25,800,000.00 37,603.50 25,837,603.50
11/26/97 12/08/97 12 5.8300 1,500,000.00 2,915.00 1,502,915.00
12/17/97 12/19/97 2 5.8900 150,000.00 49.08 150,049.08
12/19/97 12/30/97 11 5.7300 12,000,000.00 21,010.00 12,021,010.00
12/19/97 12/30/97 11 5.8200 12,500,000.00 22,229.17 12,522,229.17
12/22/97 01/05/98 14 5.8209 8,300,000.00 18,788.57 8,318,788.57
12/30/97 01/09/98 10 6.3375 13,825,000.00 24,337.76 13,849,337.76
12/30/97 01/09/98 10 5.9200 12,000,000.00 19,733.33 12,019,733.33
12/30/97 01/06/98 7 6.5400 23,000,000.00 29,248.33 23,029,248.33
12/31/97 01/08/98 8 5.8600 2,685,000.00 3,496.47 2,688,496.47
---------------- ---------------- ----------------
BL TOTAL 159,935,000.00 265,861.85 160,200,861.85
CP 10/01/97 10/07/97 6 5.7500 6,293,962.50 6,037.50 6,300,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 11
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/03/97 10/08/97 5 5.6700 7,094,408.75 5,591.25 7,100,000.00
10/06/97 10/10/97 4 5.7000 5,996,200.00 3,800.00 6,000,000.00
10/06/97 10/14/97 8 5.7000 14,981,000.00 19,000.00 15,000,000.00
10/07/97 10/09/97 2 5.6500 3,498,901.39 1,098.61 3,500,000.00
10/08/97 10/16/97 8 5.7200 5,692,754.67 7,245.33 5,700,000.00
10/09/97 10/10/97 1 5.6200 899,859.50 140.50 900,000.00
10/10/97 10/15/97 5 5.6500 5,395,762.50 4,237.50 5,400,000.00
10/14/97 10/20/97 6 5.7300 13,487,107.50 12,892.50 13,500,000.00
10/17/97 10/21/97 4 5.6200 24,984,388.89 15,611.11 25,000,000.00
10/20/97 10/22/97 2 5.6500 8,197,426.11 2,573.89 8,200,000.00
10/21/97 10/22/97 1 5.7200 20,496,742.78 3,257.22 20,500,000.00
10/22/97 10/24/97 2 5.8000 14,995,166.67 4,833.33 15,000,000.00
10/22/97 10/23/97 1 5.8000 10,698,276.11 1,723.89 10,700,000.00
10/23/97 10/27/97 4 5.7200 17,488,877.78 11,122.22 17,500,000.00
10/24/97 11/12/97 19 5.7200 14,256,829.89 43,170.11 14,300,000.00
10/27/97 11/14/97 18 5.7300 14,957,025.00 42,975.00 15,000,000.00
10/27/97 10/28/97 1 5.6800 4,599,274.22 725.78 4,600,000.00
10/29/97 11/06/97 8 5.7500 12,533,963.89 16,036.11 12,550,000.00
10/31/97 11/04/97 4 5.8500 12,192,070.00 7,930.00 12,200,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 12
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/03/97 11/07/97 4 5.8000 11,992,266.67 7,733.33 12,000,000.00
11/03/97 11/05/97 2 5.8000 2,699,130.00 870.00 2,700,000.00
11/05/97 11/13/97 8 5.8000 1,298,324.44 1,675.56 1,300,000.00
11/07/97 11/18/97 11 5.7500 12,003,872.74 21,127.26 12,025,000.00
11/10/97 11/19/97 9 5.7500 4,892,956.25 7,043.75 4,900,000.00
11/12/97 11/20/97 8 5.7700 9,188,203.56 11,796.44 9,200,000.00
11/12/97 11/13/97 1 5.7700 1,499,759.58 240.42 1,500,000.00
11/14/97 11/21/97 7 5.7800 18,329,376.64 20,623.36 18,350,000.00
11/17/97 11/24/97 7 5.8500 1,897,838.75 2,161.25 1,900,000.00
11/18/97 11/19/97 1 5.7000 14,422,716.04 2,283.96 14,425,000.00
11/19/97 11/20/97 1 5.7500 11,498,163.19 1,836.81 11,500,000.00
11/20/97 12/02/97 12 5.8200 14,072,646.00 27,354.00 14,100,000.00
11/21/97 12/03/97 12 5.8400 6,587,152.00 12,848.00 6,600,000.00
11/26/97 12/05/97 9 5.9000 4,193,805.00 6,195.00 4,200,000.00
12/02/97 12/12/97 10 5.8100 11,681,117.50 18,882.50 11,700,000.00
12/03/97 12/11/97 8 5.8000 2,197,164.44 2,835.56 2,200,000.00
12/04/97 12/17/97 13 5.8000 2,594,554.44 5,445.56 2,600,000.00
12/05/97 12/16/97 11 5.7700 19,964,738.89 35,261.11 20,000,000.00
12/05/97 12/18/97 13 5.7800 8,781,632.44 18,367.56 8,800,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 13
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/08/97 12/23/97 15 5.7700 36,911,045.83 88,954.17 37,000,000.00
12/08/97 12/19/97 11 5.7700 3,618,608.92 6,391.08 3,625,000.00
12/09/97 12/19/97 10 5.7500 7,488,020.83 11,979.17 7,500,000.00
12/10/97 12/30/97 20 5.7500 29,405,763.89 94,236.11 29,500,000.00
12/12/97 12/29/97 17 5.7200 9,972,988.89 27,011.11 10,000,000.00
12/15/97 12/17/97 2 6.0200 14,994,983.33 5,016.67 15,000,000.00
12/16/97 12/18/97 2 5.8500 13,095,742.50 4,257.50 13,100,000.00
12/17/97 12/24/97 7 5.8800 8,590,167.33 9,832.67 8,600,000.00
12/18/97 12/19/97 1 5.8500 16,097,383.75 2,616.25 16,100,000.00
12/23/97 12/29/97 6 6.0000 26,973,000.00 27,000.00 27,000,000.00
12/23/97 01/06/98 14 7.0000 2,991,833.33 8,166.67 3,000,000.00
12/24/97 01/02/98 9 6.7000 9,284,422.50 15,577.50 9,300,000.00
12/29/97 12/30/97 1 5.9500 19,496,777.08 3,222.92 19,500,000.00
12/29/97 12/30/97 1 5.9000 19,996,722.22 3,277.78 20,000,000.00
12/30/97 01/05/98 6 7.0000 19,577,133.33 22,866.67 19,600,000.00
12/30/97 01/05/98 6 7.0500 1,533,196.37 1,803.63 1,535,000.00
12/30/97 01/05/98 6 6.7500 10,987,625.00 12,375.00 11,000,000.00
12/30/97 01/08/98 9 6.7500 5,730,313.75 9,686.25 5,740,000.00
12/31/97 01/06/98 6 6.7500 9,988,750.00 11,250.00 10,000,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 14
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/31/97 01/09/98 9 6.8000 3,009,874.50 5,125.50 3,015,000.00
---------------- ---------------- ----------------
CP TOTAL 648,279,770.07 785,229.93 649,065,000.00
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 808,214,770.07 1,051,091.78 809,265,861.85
================ ================ ================
AVERAGE NUMBER OF DAYS 7.57
WEIGHTED AVERAGE RATE 5.9003
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 15
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/06/97 10/09/97 3 5.7000 700,000.00 332.50 700,332.50
11/10/97 11/25/97 15 5.8300 700,000.00 1,700.42 701,700.42
12/04/97 12/19/97 15 5.8000 700,000.00 1,691.67 701,691.67
12/08/97 12/16/97 8 5.7300 450,000.00 573.00 450,573.00
---------------- ---------------- ----------------
BL TOTAL 2,550,000.00 4,297.59 2,554,297.59
CP 10/01/97 10/14/97 13 5.7200 6,885,747.67 14,252.33 6,900,000.00
10/01/97 10/15/97 14 5.7200 9,977,755.56 22,244.44 10,000,000.00
10/03/97 10/10/97 7 5.6500 3,096,594.31 3,405.69 3,100,000.00
10/07/97 10/17/97 10 5.6700 5,641,101.25 8,898.75 5,650,000.00
10/10/97 10/21/97 11 5.6400 2,495,691.67 4,308.33 2,500,000.00
10/14/97 10/22/97 8 5.7000 7,790,120.00 9,880.00 7,800,000.00
10/15/97 10/30/97 15 5.7100 7,482,156.25 17,843.75 7,500,000.00
10/17/97 10/30/97 13 5.6900 5,588,493.56 11,506.44 5,600,000.00
10/21/97 10/30/97 9 5.7200 3,345,209.50 4,790.50 3,350,000.00
10/22/97 10/31/97 9 5.7300 7,339,471.12 10,528.88 7,350,000.00
10/22/97 10/31/97 9 5.7300 274,606.06 393.94 275,000.00
10/23/97 10/24/97 1 5.6800 6,498,974.44 1,025.56 6,500,000.00
10/24/97 10/27/97 3 5.6000 7,796,360.00 3,640.00 7,800,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 16
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/27/97 11/07/97 11 5.7000 6,089,375.83 10,624.17 6,100,000.00
10/30/97 11/12/97 13 5.7100 6,386,803.56 13,196.44 6,400,000.00
10/30/97 11/18/97 19 5.7100 9,969,863.89 30,136.11 10,000,000.00
10/31/97 11/05/97 5 5.8000 2,822,724.31 2,275.69 2,825,000.00
11/03/97 11/14/97 11 5.7700 5,889,597.97 10,402.03 5,900,000.00
11/05/97 11/21/97 16 5.7700 1,895,127.56 4,872.44 1,900,000.00
11/07/97 11/26/97 19 5.7500 5,283,915.97 16,084.03 5,300,000.00
11/12/97 12/04/97 22 5.7800 6,078,453.44 21,546.56 6,100,000.00
11/14/97 12/04/97 20 5.7800 5,482,338.89 17,661.11 5,500,000.00
11/18/97 11/19/97 1 5.7700 9,898,413.25 1,586.75 9,900,000.00
11/19/97 11/20/97 1 5.7200 8,298,681.22 1,318.78 8,300,000.00
11/20/97 12/17/97 27 5.8100 7,865,575.75 34,424.25 7,900,000.00
11/21/97 11/25/97 4 5.6000 1,599,004.44 995.56 1,600,000.00
11/24/97 12/02/97 8 5.7700 4,893,717.11 6,282.89 4,900,000.00
11/25/97 12/05/97 10 5.7700 3,594,230.00 5,770.00 3,600,000.00
11/26/97 12/09/97 13 5.8500 2,893,873.75 6,126.25 2,900,000.00
12/02/97 12/12/97 10 5.8000 3,519,320.83 5,679.17 3,525,000.00
12/05/97 12/23/97 18 5.8200 3,439,960.50 10,039.50 3,450,000.00
12/09/97 12/29/97 20 5.7900 4,336,007.50 13,992.50 4,350,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 17
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/10/97 12/31/97 21 5.7500 6,677,527.08 22,472.92 6,700,000.00
12/12/97 12/30/97 18 5.7500 2,791,950.00 8,050.00 2,800,000.00
12/15/97 12/18/97 3 5.9400 2,698,663.50 1,336.50 2,700,000.00
12/16/97 12/30/97 14 5.8700 1,795,891.00 4,109.00 1,800,000.00
12/17/97 12/30/97 13 5.8600 6,586,033.67 13,966.33 6,600,000.00
12/17/97 12/30/97 13 5.8600 99,788.39 211.61 100,000.00
12/18/97 01/06/98 19 6.2500 1,996,392.88 6,607.12 2,003,000.00
12/18/97 01/06/98 19 6.2500 296,020.31 979.69 297,000.00
12/22/97 01/06/98 15 6.6400 3,993,919.50 11,080.50 4,005,000.00
12/22/97 01/06/98 15 6.6400 1,141,832.17 3,167.83 1,145,000.00
12/23/97 12/29/97 6 5.9000 6,993,116.67 6,883.33 7,000,000.00
12/24/97 12/30/97 6 5.9200 499,506.67 493.33 500,000.00
12/24/97 12/30/97 6 5.9200 1,198,816.00 1,184.00 1,200,000.00
12/29/97 01/06/98 8 7.0800 12,180,805.33 19,194.67 12,200,000.00
12/30/97 01/06/98 7 6.7000 13,282,673.06 17,326.94 13,300,000.00
12/31/97 01/05/98 5 6.8500 3,546,622.57 3,377.43 3,550,000.00
---------------- ---------------- ----------------
CP TOTAL 240,228,825.96 446,174.04 240,675,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 242,778,825.96 450,471.63 243,229,297.59
================ ================ ================
AVERAGE NUMBER OF DAYS 11.52
WEIGHTED AVERAGE RATE 5.9055
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 18
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/08/97 10/10/97 2 5.7600 2,900,000.00 928.00 2,900,928.00
10/10/97 10/15/97 5 5.7100 2,300,000.00 1,824.03 2,301,824.03
10/15/97 10/17/97 2 5.8300 1,750,000.00 566.81 1,750,566.81
10/17/97 10/22/97 5 5.8700 575,000.00 468.78 575,468.78
10/22/97 10/24/97 2 5.9600 250,000.00 82.78 250,082.78
10/27/97 11/07/97 11 5.7600 4,425,000.00 7,788.00 4,432,788.00
11/07/97 11/12/97 5 5.7600 3,500,000.00 2,800.00 3,502,800.00
11/07/97 11/14/97 7 5.8300 250,000.00 283.40 250,283.40
11/12/97 11/14/97 2 5.8900 2,475,000.00 809.88 2,475,809.88
11/14/97 11/19/97 5 5.8900 2,300,000.00 1,881.53 2,301,881.53
11/19/97 11/21/97 2 5.9100 625,000.00 205.21 625,205.21
11/21/97 12/02/97 11 6.0800 100,000.00 185.78 100,185.78
11/24/97 12/03/97 9 5.8600 100,000.00 146.50 100,146.50
11/26/97 12/05/97 9 5.9000 4,600,000.00 6,785.00 4,606,785.00
12/05/97 12/09/97 4 5.7300 3,700,000.00 2,355.67 3,702,355.67
12/09/97 12/12/97 3 5.7700 2,750,000.00 1,322.29 2,751,322.29
12/12/97 12/17/97 5 5.8300 2,300,000.00 1,862.36 2,301,862.36
12/17/97 12/19/97 2 5.9600 1,450,000.00 480.11 1,450,480.11
12/19/97 01/07/98 19 6.5200 875,000.00 3,010.97 878,010.97
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 19
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 12/23/97 01/07/98 15 6.5800 4,725,000.00 12,954.38 4,737,954.38
12/24/97 12/30/97 6 5.7700 275,000.00 264.46 275,264.46
---------------- ---------------- ----------------
BL TOTAL 42,225,000.00 47,005.94 42,272,005.94
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 42,225,000.00 47,005.94 42,272,005.94
================ ================ ================
AVERAGE NUMBER OF DAYS 6.24
WEIGHTED AVERAGE RATE 5.9127
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 20
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/16/97 10/21/97 5 5.7000 1,525,000.00 1,207.29 1,526,207.29
10/17/97 10/21/97 4 5.6700 4,800,000.00 3,024.00 4,803,024.00
10/21/97 10/27/97 6 5.8300 2,700,000.00 2,623.50 2,702,623.50
11/04/97 11/19/97 15 5.7300 8,200,000.00 19,577.50 8,219,577.50
11/19/97 11/20/97 1 5.7600 9,300,000.00 1,488.00 9,301,488.00
11/20/97 11/24/97 4 5.6700 9,000,000.00 5,670.00 9,005,670.00
11/24/97 12/02/97 8 5.7600 9,300,000.00 11,904.00 9,311,904.00
12/17/97 12/19/97 2 5.8900 5,025,000.00 1,644.29 5,026,644.29
12/30/97 01/09/98 10 6.3375 4,900,000.00 8,626.04 4,908,626.04
12/31/97 01/02/98 2 6.7750 5,800,000.00 2,183.06 5,802,183.06
---------------- ---------------- ----------------
BL TOTAL 60,550,000.00 57,947.68 60,607,947.68
CP 10/01/97 10/17/97 16 5.7500 11,171,377.78 28,622.22 11,200,000.00
10/03/97 10/15/97 12 5.7200 2,120,948.33 4,051.67 2,125,000.00
10/06/97 10/21/97 15 5.7000 5,686,462.50 13,537.50 5,700,000.00
10/07/97 10/16/97 9 5.7200 15,477,835.00 22,165.00 15,500,000.00
10/10/97 10/22/97 12 5.7200 29,942,800.00 57,200.00 30,000,000.00
10/10/97 10/23/97 13 5.7400 4,291,087.06 8,912.94 4,300,000.00
10/14/97 10/17/97 3 5.6700 19,990,550.00 9,450.00 20,000,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 21
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 10/14/97 10/24/97 10 5.7300 11,481,695.83 18,304.17 11,500,000.00
10/15/97 10/20/97 5 5.7500 19,984,027.78 15,972.22 20,000,000.00
10/15/97 10/21/97 6 5.7500 4,595,591.67 4,408.33 4,600,000.00
10/15/97 10/20/97 5 5.7500 4,996,006.94 3,993.06 5,000,000.00
10/17/97 10/21/97 4 5.6200 14,990,633.33 9,366.67 15,000,000.00
10/20/97 10/28/97 8 5.7000 19,974,666.67 25,333.33 20,000,000.00
10/20/97 10/30/97 10 5.7200 14,976,166.67 23,833.33 15,000,000.00
10/20/97 11/04/97 15 5.7200 3,192,373.33 7,626.67 3,200,000.00
10/21/97 11/07/97 17 5.7200 9,972,988.89 27,011.11 10,000,000.00
10/22/97 11/12/97 21 5.7700 24,915,854.17 84,145.83 25,000,000.00
10/22/97 11/10/97 19 5.7700 3,987,818.89 12,181.11 4,000,000.00
10/27/97 10/29/97 2 5.6800 4,398,611.56 1,388.44 4,400,000.00
10/28/97 11/14/97 17 5.7200 14,959,483.33 40,516.67 15,000,000.00
10/28/97 11/14/97 17 5.7200 1,097,028.78 2,971.22 1,100,000.00
10/29/97 11/13/97 15 5.7500 3,990,416.67 9,583.33 4,000,000.00
10/30/97 11/18/97 19 5.7900 11,614,399.54 35,600.46 11,650,000.00
10/31/97 11/17/97 17 5.8200 14,958,775.00 41,225.00 15,000,000.00
10/31/97 11/06/97 6 5.8600 2,797,265.33 2,734.67 2,800,000.00
11/03/97 11/05/97 2 5.8000 3,198,968.89 1,031.11 3,200,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 22
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 11/05/97 11/21/97 16 5.7700 7,779,997.33 20,002.67 7,800,000.00
11/06/97 11/19/97 13 5.7600 3,293,136.00 6,864.00 3,300,000.00
11/07/97 11/18/97 11 5.7500 6,987,701.39 12,298.61 7,000,000.00
11/07/97 11/21/97 14 5.7500 3,991,055.56 8,944.44 4,000,000.00
11/10/97 11/24/97 14 5.7500 5,886,806.94 13,193.06 5,900,000.00
11/12/97 11/25/97 13 5.8000 14,968,583.33 31,416.67 15,000,000.00
11/12/97 11/26/97 14 5.8000 11,972,933.33 27,066.67 12,000,000.00
11/14/97 11/18/97 4 5.7700 13,991,024.44 8,975.56 14,000,000.00
11/17/97 11/18/97 1 5.8200 13,422,829.62 2,170.38 13,425,000.00
11/18/97 11/19/97 1 5.7500 17,697,172.92 2,827.08 17,700,000.00
11/19/97 11/20/97 1 5.7500 8,498,642.36 1,357.64 8,500,000.00
11/20/97 11/21/97 1 5.6500 6,498,979.86 1,020.14 6,500,000.00
11/21/97 11/26/97 5 5.7500 20,683,468.75 16,531.25 20,700,000.00
11/25/97 12/03/97 8 5.8500 11,984,400.00 15,600.00 12,000,000.00
11/25/97 12/08/97 13 5.8500 4,690,071.25 9,928.75 4,700,000.00
11/26/97 12/09/97 13 5.8000 19,958,111.11 41,888.89 20,000,000.00
11/26/97 12/12/97 16 5.8000 9,774,737.78 25,262.22 9,800,000.00
12/01/97 12/04/97 3 5.9100 8,745,690.62 4,309.38 8,750,000.00
12/03/97 12/11/97 8 5.8000 2,346,971.11 3,028.89 2,350,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 23
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/04/97 12/16/97 12 5.8000 10,080,473.33 19,526.67 10,100,000.00
12/05/97 12/18/97 13 5.7800 8,781,632.44 18,367.56 8,800,000.00
12/08/97 12/17/97 9 5.7700 2,895,816.75 4,183.25 2,900,000.00
12/09/97 12/23/97 14 5.7500 23,846,556.94 53,443.06 23,900,000.00
12/10/97 12/19/97 9 5.7500 24,964,062.50 35,937.50 25,000,000.00
12/10/97 12/29/97 19 5.7500 4,586,040.28 13,959.72 4,600,000.00
12/12/97 12/17/97 5 5.7200 9,992,055.56 7,944.44 10,000,000.00
12/12/97 12/17/97 5 5.7200 1,698,649.44 1,350.56 1,700,000.00
12/15/97 12/17/97 2 6.0200 19,993,311.11 6,688.89 20,000,000.00
12/15/97 12/19/97 4 6.0500 5,296,437.22 3,562.78 5,300,000.00
12/17/97 12/18/97 1 5.9500 6,098,991.81 1,008.19 6,100,000.00
12/18/97 12/22/97 4 5.8800 12,291,964.00 8,036.00 12,300,000.00
12/19/97 12/30/97 11 5.9000 29,945,916.67 54,083.33 30,000,000.00
12/19/97 12/24/97 5 5.9000 7,493,854.17 6,145.83 7,500,000.00
12/22/97 12/23/97 1 5.8500 1,299,788.75 211.25 1,300,000.00
12/22/97 01/06/98 15 6.5000 9,972,916.67 27,083.33 10,000,000.00
12/23/97 12/29/97 6 5.9000 21,978,366.67 21,633.33 22,000,000.00
12/24/97 12/29/97 5 5.8000 6,095,086.11 4,913.89 6,100,000.00
12/29/97 01/06/98 8 6.7500 22,965,500.00 34,500.00 23,000,000.00
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 24
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 12/30/97 01/05/98 6 6.7500 24,971,875.00 28,125.00 25,000,000.00
12/31/97 01/08/98 8 6.5000 9,985,555.56 14,444.44 10,000,000.00
---------------- ---------------- ----------------
CP TOTAL 737,170,998.62 1,129,001.38 738,300,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 797,720,998.62 1,186,949.06 798,907,947.68
================ ================ ================
AVERAGE NUMBER OF DAYS 8.99
WEIGHTED AVERAGE RATE 5.8657
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 25
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 10/03/97 10/08/97 5 5.7700 3,300,000.00 2,644.58 3,302,644.58
10/08/97 10/10/97 2 5.8300 2,950,000.00 955.47 2,950,955.47
10/10/97 10/15/97 5 5.7100 2,650,000.00 2,101.60 2,652,101.60
10/15/97 10/17/97 2 5.8300 1,325,000.00 429.15 1,325,429.15
10/17/97 10/22/97 5 5.8700 700,000.00 570.69 700,570.69
10/24/97 11/07/97 14 5.8300 2,750,000.00 6,234.86 2,756,234.86
10/31/97 11/05/97 5 5.8300 150,000.00 121.46 150,121.46
11/03/97 11/12/97 9 5.8300 325,000.00 473.69 325,473.69
11/07/97 11/12/97 5 5.7700 2,225,000.00 1,783.09 2,226,783.09
11/12/97 11/14/97 2 5.8300 3,375,000.00 1,093.13 3,376,093.13
11/14/97 11/18/97 4 5.8900 2,875,000.00 1,881.53 2,876,881.53
11/18/97 11/21/97 3 5.8900 2,550,000.00 1,251.63 2,551,251.63
11/21/97 12/05/97 14 5.8900 525,000.00 1,202.54 526,202.54
11/26/97 12/09/97 13 5.7959 3,575,000.00 7,482.35 3,582,482.35
12/09/97 12/12/97 3 5.6825 3,150,000.00 1,491.66 3,151,491.66
12/12/97 12/17/97 5 5.9009 2,900,000.00 2,376.75 2,902,376.75
12/15/97 12/19/97 4 5.8300 575,000.00 372.47 575,372.47
12/17/97 12/19/97 2 5.8900 1,225,000.00 400.85 1,225,400.85
12/19/97 12/30/97 11 5.9000 1,550,000.00 2,794.31 1,552,794.31
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 01/06/98
CASH MANAGEMENT SYSTEM TIME: 11:52:48
<CAPTION> PAGE: 26
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 12/31/97
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
BL 12/23/97 12/30/97 7 6.1500 100,000.00 119.58 100,119.58
12/24/97 01/07/98 14 5.8259 4,875,000.00 11,044.94 4,886,044.94
12/30/97 01/09/98 10 6.0200 625,000.00 1,045.14 626,045.14
12/31/97 01/09/98 9 5.9600 475,000.00 707.75 475,707.75
---------------- ---------------- ----------------
BL TOTAL 44,750,000.00 48,579.22 44,798,579.22
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 44,750,000.00 48,579.22 44,798,579.22
================ ================ ================
AVERAGE NUMBER OF DAYS 6.65
WEIGHTED AVERAGE RATE 5.8239
</TABLE>
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