File No. 70-9191
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________
AMENDMENT NO. 4
TO
FORM U-1
__________________________________
APPLICATION OR DECLARATION
under the
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
(Name of top registered holding company
parent of each applicant or declarant)
* * *
A. A. Pena, Senior Vice President
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
John F. Di Lorenzo, Jr., Secretary
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)
American Electric Power Company, Inc. ("AEP"), a holding
company registered under the Public Utility Holding Company Act of
1935 ("1935 Act"), and American Electric Power Service Corporation
("AEPSC"), a service company subsidiary of AEP (hereinafter
collectively referred to as the "Applicants"), hereby amend their
Application or Declaration on Form U-1 in File No. 70-9191, as
amended, by restating Item 1. Description of Proposed Transaction,
Compliance with Rule 54, as follows:
"Rule 54 provides that in determining whether to approve
certain transactions other than those involving an exempt wholesale
generator ('EWG') or a foreign utility company ('FUCO'), as defined
in the 1935 Act, the Commission will not consider the effect of the
capitalization or earnings of any subsidiary which is an EWG or
FUCO if Rule 53(a), (b) and (c) are satisfied. The requirements of
Rule 53(a), (b) and (c) are satisfied.
Rule 53(a)(1). As of March 31, 1998, AEP, through its
subsidiary, AEP Resources, Inc., had aggregate investment in FUCOs
of $435,146,000. This investment represents approximately 27.0% of
$1,613,592,000, the average of the consolidated retained earnings
of AEP reported on Forms 10-Q and 10-K for the four consecutive
quarters ended March 31, 1998.
Rule 53(a)(2). Each FUCO in which AEP invests will
maintain books and records and make available the books and records
required by Rule 53(a)(2).
Rule 53(a)(3). No more than 2% of the employees of the
operating company subsidiaries of AEP will, at any one time,
directly or indirectly, render services to any FUCO.
Rule 53(a)(4). AEP has submitted and will submit a copy
of Item 9 and Exhibits G and H of AEP's Form U5S to each of the
public service commissions having jurisdiction over the retail
rates of AEP's operating company subsidiaries.
Rule 53(b). (i) Neither AEP nor any subsidiary of AEP is
the subject of any pending bankruptcy or similar proceeding; (ii)
AEP's average consolidated retained earnings for the four most
recent quarterly periods ($1,613,592,000) represented an increase
of approximately $8,458,000 (or 0.5%) in the average consolidated
retained earnings from the previous four quarterly periods
($1,605,134,000); and (iii) for the fiscal year ended December 31,
1997, AEP did not report operating losses attributable to AEP's
direct or indirect investments in EWGs and FUCOs.
Rule 53(c). Rule 53(c) is inapplicable because the
requirements of Rule 53(a) and (b) have been satisfied.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this statement to be signed on their behalf by the undersigned
thereunto duly authorized.
AMERICAN ELECTRIC POWER COMPANY, INC.
By:/s/ John F. Di Lorenzo, Jr.
John F. Di Lorenzo, Jr.
Assistant Secretary
AMERICAN ELECTRIC POWER SERVICE CORPORATION
By:/s/ John F. Di Lorenzo, Jr.
John F. Di Lorenzo, Jr.
Secretary
Date: June 8, 1998
