UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
_____________________________________________
:
In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. : CERTIFICATE OF
1 Riverside Plaza : NOTIFICATION
Columbus, Ohio 43215 : NO. 14
:
(70-8429) :
:
(Public Utility Holding Company Act of 1935) :
_____________________________________________:
THIS IS TO CERTIFY THAT AMERICAN ELECTRIC POWER COMPANY,
INC. ("American"), in accordance with the terms and conditions
of, and for the purposes represented by, the Application -
Declaration herein and the Order of the Securities and Exchange
Commission with respect thereto, dated December 22, 1994, HCAR
No. 35-26200 (the "Order"), has carried out the transactions set
forth below:
1. During the calendar quarter ended June 30, 1998,
American guaranteed the bank loans to AEP Resources, Inc.
("Resources") listed on Exhibit A attached hereto.
(a) During the calendar quarter ended June 30, 1998,
Resources made $9,350,000 in capital contributions to AEP
Resources Delaware, Inc. as follows:
(i) $4,197,000 on April 13, 1998
(ii) $ 88,000 on April 23, 1998
(iii) $3,096,000 on May 14, 1998
(iv) $1,654,000 on June 17, 1998
(v) $ 315,000 on June 22, 1998
(b) Resources made $5,532,719.15 in capital
contributions to AEP Resources International, Limited ("AEPRIL")
as follows:
(i) $ 63,376.83 on April 2, 1998
(ii) $1,875,060.00 on April 13, 1998
(iii) $ 69,300.00 on April 23, 1998
(iv) $ 200,000.00 on April 23, 1998
(v) $ 35,069.76 on April 30, 1998
(vi) $1,742,400.00 on May 14, 1998
(vii) $ 28,852.56 on June 2, 1998
(viii) $1,494,900.00 on June 17, 1998
(ix) $ 23,760.00 on June 22, 1998
(c) Resources also made $63,865.85 in capital
contributions to AEP Resources Project Management Company, Ltd.
("AEPPMC") as follows:
(i) $ 640.17 on April 2, 1998
(ii) $ 18,940.00 on April 13, 1998
(iii) $ 700.00 on April 23, 1998
(iv) $ 354.24 on April 30, 1998
(v) $ 17,600.00 on May 4, 1998
(vi) $ 291.44 on June 2, 1998
(vii) $ 15,100.00 on June 17, 1998
(viii) $ 10,240.00 on June 22, 1998
AEP Resources Delaware, Inc., AEPRIL and AEPPMC are Project
Parents for Nanyang General Light Electric Co. Ltd., a foreign
utility company.
2. During the calendar quarter ended June 30, 1998,
Resources made $11,350 in capital contributions to AEPR Global
Ventures B.V. as follows: (i) $1,350 on April 3, 1998 and (ii)
$10,000 on April 15, 1998. AEPR Global Ventures B.V. is a
Project Parent, formed to bid on an interest in Loy Yang Power,
which would have been a foreign utility company.
3. American's total investments for the year-to-date is
$45,389,000.
This Certificate of Notification is filed pursuant to the
Commission's Order in this proceeding.
AMERICAN ELECTRIC POWER COMPANY, INC.
By: /s/ A. A. Pena
Treasurer
August 27, 1998
certnot.14
Exhibit A
AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
QUARTERLY SHORT-TERM DEBT REPORT
AEP RESOURCES, INC.
<TABLE>
<CAPTION>
Issue Maturity Interest Principal Maturity
Date Date Days Rate % Borrowed Interest Value
<S> <C> <C> <C> <C> <C> <C>
04/06/98 04/28/98 22 5.8300 $ 200,000.00 $ 712.56 $ 200,712.56
04/13/98 04/28/98 15 5.7659 6,325,000.00 15,195.55 6,340,195.55
04/15/98 04/28/98 13 5.7600 32,100,000.00 66,768.00 32,166,768.00
04/21/98 04/28/98 7 5.7800 1,200,000.00 1,348.67 1,201,348.67
04/23/98 04/28/98 5 5.7400 300,000.00 239.17 300,239.17
04/28/98 05/13/98 15 5.7659 42,000,000.00 100,903.25 42,100,903.25
05/08/98 05/28/98 20 5.8100 300,000.00 968.33 300,968.33
05/13/98 05/28/98 15 5.7759 42,350,000.00 101,920.57 42,451,920.57
05/14/98 06/15/98 32 5.7800 5,000,000.00 25,688.89 5,025,688.89
05/26/98 06/17/98 22 5.7600 1,000,000.00 3,520.00 1,003,520.00
05/28/98 06/15/98 18 5.7759 17,800,000.00 51,405.51 17,851,405.51
06/05/98 06/17/98 12 5.8000 150,000.00 290.00 150,290.00
06/08/98 06/17/98 9 5.7600 300,000.00 432.00 300,432.00
06/15/98 06/17/98 63 5.8718 21,400,000.00 219,898.91 21,619,898.91
06/16/98 06/30/98 14 5.7600 4,275,000.00 9,576.00 4,284,576.00
06/17/98 06/30/98 13 5.7600 4,700,000.00 9,776.00 4,709,776.00
06/18/98 06/30/98 12 5.7750 2,000,000.00 3,850.00 2,003,850.00
06/30/98 07/15/98 15 6.1875 2,000,000.00 5,156.25 2,005,156.25
06/30/98 07/15/98 15 5.8900 8,975,000.00 22,026.15 8,997,026.15
TOTAL 192,375,000.00 639,675.81 193,014,675.82
AEP RESOURCES, INC. TOTAL $192,375,000.00 $639,675.81 $193,014,675.82
</TABLE>
Average Number of Days 17.74
Weighted Average Rate 5.7904
