<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. 10
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 June 30, 1998;
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 June 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: July 10, 1998
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
Second Quarter of the Calendar Year 1998
Month Actual Prime Rates*
March 1 - June 30 8.50%
* Represents the prime commercial lending rates of major New York City
banks as reported in The Wall Street Journal.
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:01
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 06/30/98
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 04/01/98 04/24/98 23 5.8900 1,875,000.00 7,055.73 1,882,055.73
04/08/98 04/24/98 16 5.7700 2,900,000.00 7,436.89 2,907,436.89
04/15/98 04/21/98 6 5.7200 12,800,000.00 12,202.67 12,812,202.67
04/17/98 04/20/98 3 5.5900 1,200,000.00 559.00 1,200,559.00
04/21/98 04/24/98 3 5.7000 5,000,000.00 2,375.00 5,002,375.00
04/21/98 04/30/98 9 5.7800 7,800,000.00 11,271.00 7,811,271.00
04/30/98 05/13/98 13 5.7500 6,975,000.00 14,482.81 6,989,482.81
05/01/98 05/13/98 12 5.7900 125,000.00 241.25 125,241.25
05/04/98 05/13/98 9 5.7800 2,300,000.00 3,323.50 2,303,323.50
05/06/98 05/26/98 20 5.7200 2,400,000.00 7,626.67 2,407,626.67
05/08/98 05/26/98 18 5.7200 3,300,000.00 9,438.00 3,309,438.00
05/13/98 05/20/98 7 5.7200 10,500,000.00 11,678.33 10,511,678.33
05/18/98 05/21/98 3 5.7800 1,300,000.00 626.17 1,300,626.17
05/20/98 05/21/98 1 5.6500 4,600,000.00 721.94 4,600,721.94
05/20/98 05/26/98 6 5.7500 5,825,000.00 5,582.29 5,830,582.29
05/26/98 06/17/98 22 5.7800 2,600,000.00 9,183.78 2,609,183.78
05/29/98 06/17/98 19 5.8300 150,000.00 461.54 150,461.54
06/01/98 06/17/98 16 5.8300 725,000.00 1,878.56 726,878.56
06/04/98 06/17/98 13 5.8300 800,000.00 1,684.22 801,684.22
06/08/98 06/22/98 14 5.7600 38,000,000.00 85,120.00 38,085,120.00
06/10/98 06/30/98 20 5.8200 4,825,000.00 15,600.83 4,840,600.83
06/17/98 06/19/98 2 5.8300 4,500,000.00 1,457.50 4,501,457.50
06/22/98 07/01/98 9 5.8300 29,400,000.00 42,850.50 29,442,850.50
06/29/98 07/01/98 2 5.8800 550,000.00 179.67 550,179.67
06/30/98 07/15/98 15 6.1875 5,000,000.00 12,890.63 5,012,890.63
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 155,450,000.00 265,928.48 155,715,928.48
================ ================ ================
AVERAGE NUMBER OF DAYS 11.24
WEIGHTED AVERAGE RATE 5.7809
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:02
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 06/30/98
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 04/07/98 04/23/98 16 5.7300 200,000.00 509.33 200,509.33
04/15/98 04/23/98 8 5.7300 8,700,000.00 11,078.00 8,711,078.00
06/01/98 06/15/98 14 5.8300 600,000.00 1,360.33 601,360.33
06/26/98 07/07/98 11 5.8900 19,800,000.00 35,634.50 19,835,634.50
---------------- ---------------- ----------------
BL TOTAL 29,300,000.00 48,582.16 29,348,582.16
CP 04/20/98 05/15/98 25 5.7000 3,037,927.08 12,072.92 3,050,000.00
04/23/98 05/28/98 35 5.7100 36,545,986.46 204,013.54 36,750,000.00
05/15/98 05/20/98 5 5.8200 2,972,595.21 2,404.79 2,975,000.00
05/20/98 05/28/98 8 5.7400 2,971,205.22 3,794.78 2,975,000.00
05/28/98 06/10/98 13 5.7600 14,070,672.00 29,328.00 14,100,000.00
05/28/98 06/10/98 13 5.7600 49,896,000.00 104,000.00 50,000,000.00
06/10/98 06/26/98 16 5.6900 2,294,183.56 5,816.44 2,300,000.00
06/12/98 06/26/98 14 5.7400 4,514,899.19 10,100.81 4,525,000.00
06/15/98 06/26/98 11 5.8500 5,689,811.25 10,188.75 5,700,000.00
06/17/98 06/26/98 9 5.7600 2,221,796.00 3,204.00 2,225,000.00
06/18/98 06/26/98 8 5.7000 774,018.33 981.67 775,000.00
06/19/98 06/26/98 7 5.7300 998,885.83 1,114.17 1,000,000.00
06/22/98 06/26/98 4 5.7300 999,363.33 636.67 1,000,000.00
06/23/98 06/26/98 3 5.7200 2,373,867.92 1,132.08 2,375,000.00
06/30/98 07/02/98 2 6.4500 23,991,400.00 8,600.00 24,000,000.00
---------------- ---------------- ----------------
CP TOTAL 153,352,611.38 397,388.62 153,750,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 182,652,611.38 445,970.78 183,098,582.16
================ ================ ================
AVERAGE NUMBER OF DAYS 11.68
WEIGHTED AVERAGE RATE 5.8535
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:02
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 06/30/98
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 04/20/98 04/22/98 2 5.7000 325,000.00 102.92 325,102.92
05/19/98 05/21/98 2 5.6625 4,000,000.00 1,258.33 4,001,258.33
05/29/98 06/09/98 11 5.7600 15,225,000.00 26,796.00 15,251,796.00
06/17/98 06/22/98 5 5.8000 13,000,000.00 10,472.22 13,010,472.22
06/29/98 07/02/98 3 6.5250 4,300,000.00 2,338.13 4,302,338.13
06/29/98 07/02/98 3 5.8800 8,400,000.00 4,116.00 8,404,116.00
---------------- ---------------- ----------------
BL TOTAL 45,250,000.00 45,083.60 45,295,083.60
CP 04/01/98 04/07/98 6 5.7500 5,294,920.83 5,079.17 5,300,000.00
04/02/98 04/13/98 11 5.7500 23,708,272.57 41,727.43 23,750,000.00
04/03/98 04/14/98 11 5.6500 47,542,780.73 82,219.27 47,625,000.00
04/06/98 04/14/98 8 5.7100 8,988,580.00 11,420.00 9,000,000.00
04/08/98 04/14/98 6 5.7400 44,682,213.08 42,786.92 44,725,000.00
04/09/98 04/14/98 5 5.7400 4,396,492.22 3,507.78 4,400,000.00
04/13/98 04/16/98 3 5.7000 43,979,100.00 20,900.00 44,000,000.00
04/14/98 04/17/98 3 5.7300 1,999,045.00 955.00 2,000,000.00
04/14/98 04/17/98 3 5.7300 49,976,125.00 23,875.00 50,000,000.00
04/14/98 04/17/98 3 5.7300 49,976,125.00 23,875.00 50,000,000.00
04/15/98 04/20/98 5 5.8200 8,393,210.00 6,790.00 8,400,000.00
04/16/98 04/22/98 6 5.6800 34,966,866.67 33,133.33 35,000,000.00
04/17/98 04/21/98 4 5.6000 49,968,888.89 31,111.11 50,000,000.00
04/17/98 04/22/98 5 5.6000 49,961,111.11 38,888.89 50,000,000.00
04/17/98 04/21/98 4 5.6000 5,496,577.78 3,422.22 5,500,000.00
04/20/98 04/23/98 3 5.6700 14,693,054.25 6,945.75 14,700,000.00
04/21/98 04/22/98 1 5.6000 49,892,237.78 7,762.22 49,900,000.00
04/22/98 04/24/98 2 5.6500 13,495,762.50 4,237.50 13,500,000.00
04/22/98 04/27/98 5 5.6500 19,984,305.56 15,694.44 20,000,000.00
04/23/98 04/28/98 5 5.6500 4,396,547.22 3,452.78 4,400,000.00
04/24/98 04/29/98 5 5.6300 6,894,604.58 5,395.42 6,900,000.00
04/27/98 05/07/98 10 5.7200 17,272,512.22 27,487.78 17,300,000.00
04/29/98 05/08/98 9 5.6800 5,492,190.00 7,810.00 5,500,000.00
04/30/98 05/08/98 8 5.7000 2,996,200.00 3,800.00 3,000,000.00
05/01/98 05/11/98 10 5.6600 15,775,158.89 24,841.11 15,800,000.00
05/01/98 05/11/98 10 5.6600 149,764.17 235.83 150,000.00
05/05/98 05/12/98 7 5.6500 6,093,298.47 6,701.53 6,100,000.00
05/07/98 05/13/98 6 5.6000 9,990,666.67 9,333.33 10,000,000.00
05/07/98 05/15/98 8 5.6000 7,790,293.33 9,706.67 7,800,000.00
05/07/98 05/14/98 7 5.6000 4,045,590.00 4,410.00 4,050,000.00
05/08/98 05/18/98 10 5.6200 8,486,730.56 13,269.44 8,500,000.00
05/11/98 05/19/98 8 5.6300 11,984,986.67 15,013.33 12,000,000.00
05/13/98 05/20/98 7 5.6300 8,415,776.97 9,223.03 8,425,000.00
05/15/98 05/20/98 5 5.8000 7,793,716.67 6,283.33 7,800,000.00
05/18/98 05/20/98 2 5.7700 6,597,884.33 2,115.67 6,600,000.00
05/20/98 05/21/98 1 5.6500 14,997,645.83 2,354.17 15,000,000.00
05/20/98 05/22/98 2 5.6500 10,221,790.49 3,209.51 10,225,000.00
05/21/98 05/26/98 5 5.6500 9,292,702.08 7,297.92 9,300,000.00
05/21/98 05/27/98 6 5.6500 2,197,928.33 2,071.67 2,200,000.00
05/22/98 05/27/98 5 5.6500 8,093,643.75 6,356.25 8,100,000.00
05/26/98 05/28/98 2 5.6500 4,498,587.50 1,412.50 4,500,000.00
05/27/98 06/02/98 6 5.7300 4,795,416.00 4,584.00 4,800,000.00
06/01/98 06/03/98 2 5.9500 13,120,661.46 4,338.54 13,125,000.00
06/02/98 06/05/98 3 5.7700 1,799,134.50 865.50 1,800,000.00
06/03/98 06/05/98 2 5.7300 11,196,434.67 3,565.33 11,200,000.00
06/04/98 06/12/98 8 5.6600 3,295,849.33 4,150.67 3,300,000.00
06/05/98 06/16/98 11 5.6500 17,519,701.87 30,298.13 17,550,000.00
06/08/98 06/17/98 9 5.6800 7,489,350.00 10,650.00 7,500,000.00
06/09/98 06/17/98 8 5.6800 11,884,979.56 15,020.44 11,900,000.00
06/10/98 06/26/98 16 5.6500 27,829,940.00 70,060.00 27,900,000.00
06/15/98 06/18/98 3 5.8500 22,888,836.25 11,163.75 22,900,000.00
06/15/98 06/19/98 4 5.8500 4,597,010.00 2,990.00 4,600,000.00
06/16/98 06/19/98 3 5.8000 8,096,085.00 3,915.00 8,100,000.00
06/18/98 06/23/98 5 5.7000 19,184,800.00 15,200.00 19,200,000.00
06/18/98 06/19/98 1 5.7500 1,699,728.47 271.53 1,700,000.00
06/19/98 06/24/98 5 5.7000 21,982,583.33 17,416.67 22,000,000.00
06/22/98 06/25/98 3 5.7300 5,997,135.00 2,865.00 6,000,000.00
06/23/98 06/29/98 6 5.7300 11,489,017.50 10,982.50 11,500,000.00
06/24/98 07/01/98 7 5.9000 14,982,791.67 17,208.33 15,000,000.00
06/26/98 06/30/98 4 5.8700 27,981,737.78 18,262.22 28,000,000.00
06/30/98 07/02/98 2 6.6500 13,295,086.39 4,913.61 13,300,000.00
---------------- ---------------- ----------------
CP TOTAL 952,000,166.48 824,833.52 952,825,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 997,250,166.48 869,917.12 998,120,083.60
================ ================ ================
AVERAGE NUMBER OF DAYS 5.46
WEIGHTED AVERAGE RATE 5.7141
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:02
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 06/30/98
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 04/02/98 04/06/98 4 5.7600 600,000.00 384.00 600,384.00
05/11/98 05/27/98 16 5.7300 550,000.00 1,400.67 551,400.67
06/11/98 06/12/98 1 5.7000 725,000.00 114.79 725,114.79
06/17/98 06/24/98 7 5.6700 13,800,000.00 15,214.50 13,815,214.50
06/25/98 06/26/98 1 5.7800 1,300,000.00 208.72 1,300,208.72
06/26/98 07/07/98 11 5.8900 16,700,000.00 30,055.36 16,730,055.36
06/29/98 07/07/98 8 6.2500 4,000,000.00 5,555.56 4,005,555.56
06/29/98 07/07/98 8 5.8000 5,200,000.00 6,702.22 5,206,702.22
---------------- ---------------- ----------------
BL TOTAL 42,875,000.00 59,635.82 42,934,635.82
CP 04/01/98 04/17/98 16 5.7700 11,595,188.33 29,811.67 11,625,000.00
04/01/98 04/17/98 16 5.7700 398,974.22 1,025.78 400,000.00
04/03/98 04/21/98 18 5.7200 6,780,552.00 19,448.00 6,800,000.00
04/06/98 04/22/98 16 5.7100 3,690,610.22 9,389.78 3,700,000.00
04/07/98 04/23/98 16 5.7000 13,465,800.00 34,200.00 13,500,000.00
04/08/98 04/23/98 15 5.7000 5,137,768.75 12,231.25 5,150,000.00
04/09/98 04/24/98 15 5.7000 3,192,400.00 7,600.00 3,200,000.00
04/13/98 05/04/98 21 5.7000 6,901,974.37 23,025.63 6,925,000.00
04/14/98 04/27/98 13 5.7000 5,314,039.37 10,960.63 5,325,000.00
04/15/98 04/28/98 13 5.7200 6,985,541.11 14,458.89 7,000,000.00
04/16/98 04/29/98 13 5.7000 2,395,060.00 4,940.00 2,400,000.00
04/17/98 05/08/98 21 5.6800 9,368,854.67 31,145.33 9,400,000.00
04/20/98 05/11/98 21 5.7000 1,694,347.50 5,652.50 1,700,000.00
04/22/98 05/12/98 20 5.7000 5,881,316.67 18,683.33 5,900,000.00
04/23/98 05/13/98 20 5.6700 14,205,112.50 44,887.50 14,250,000.00
04/24/98 05/14/98 20 5.6700 1,794,330.00 5,670.00 1,800,000.00
04/27/98 05/18/98 21 5.7000 4,086,367.50 13,632.50 4,100,000.00
04/28/98 04/29/98 1 5.6300 799,874.89 125.11 800,000.00
04/28/98 04/29/98 1 5.6300 799,874.89 125.11 800,000.00
04/29/98 05/19/98 20 5.7000 1,993,666.67 6,333.33 2,000,000.00
04/30/98 05/21/98 21 5.7000 5,481,712.50 18,287.50 5,500,000.00
05/01/98 05/22/98 21 5.6900 17,142,910.33 57,089.67 17,200,000.00
05/04/98 05/26/98 22 5.7100 4,583,948.56 16,051.44 4,600,000.00
05/08/98 05/11/98 3 5.4800 824,623.25 376.75 825,000.00
05/12/98 05/27/98 15 5.6900 1,022,569.90 2,430.10 1,025,000.00
05/12/98 05/27/98 15 5.6900 1,745,851.04 4,148.96 1,750,000.00
05/13/98 05/28/98 15 5.7000 12,270,787.50 29,212.50 12,300,000.00
05/18/98 05/19/98 1 5.7300 2,499,602.08 397.92 2,500,000.00
05/19/98 06/03/98 15 5.7200 6,883,555.00 16,445.00 6,900,000.00
05/21/98 06/02/98 12 5.7300 2,994,270.00 5,730.00 3,000,000.00
05/22/98 06/08/98 17 5.7100 14,785,026.03 39,973.97 14,825,000.00
05/26/98 06/11/98 16 5.7000 3,092,146.67 7,853.33 3,100,000.00
05/28/98 06/12/98 15 5.7300 7,906,079.06 18,920.94 7,925,000.00
05/29/98 06/09/98 11 5.8100 5,689,880.92 10,119.08 5,700,000.00
06/01/98 06/09/98 8 5.8100 41,746,031.56 53,968.44 41,800,000.00
06/03/98 06/04/98 1 5.7200 999,841.11 158.89 1,000,000.00
06/04/98 06/05/98 1 5.6700 3,599,433.00 567.00 3,600,000.00
06/05/98 06/12/98 7 5.6200 3,945,683.53 4,316.47 3,950,000.00
06/08/98 06/22/98 14 5.6800 12,971,284.44 28,715.56 13,000,000.00
06/09/98 06/22/98 13 5.6700 42,412,981.25 87,018.75 42,500,000.00
06/09/98 06/22/98 13 5.6700 1,496,928.75 3,071.25 1,500,000.00
06/10/98 06/16/98 6 5.6700 18,882,139.50 17,860.50 18,900,000.00
06/12/98 06/17/98 5 5.7100 12,989,690.28 10,309.72 13,000,000.00
06/15/98 06/23/98 8 5.8500 17,627,055.00 22,945.00 17,650,000.00
06/16/98 06/19/98 3 5.7200 13,393,612.67 6,387.33 13,400,000.00
06/16/98 06/18/98 2 5.7200 3,498,887.78 1,112.22 3,500,000.00
06/19/98 06/24/98 5 5.7100 8,043,615.90 6,384.10 8,050,000.00
06/22/98 06/25/98 3 5.6600 9,745,401.25 4,598.75 9,750,000.00
06/22/98 06/26/98 4 5.6800 18,188,513.78 11,486.22 18,200,000.00
06/22/98 06/25/98 3 5.6600 49,976,416.67 23,583.33 50,000,000.00
06/23/98 06/29/98 6 5.7200 11,339,179.67 10,820.33 11,350,000.00
06/23/98 06/29/98 6 5.7200 1,198,856.00 1,144.00 1,200,000.00
06/24/98 07/02/98 8 5.8500 19,175,040.00 24,960.00 19,200,000.00
06/25/98 06/26/98 1 5.7500 49,992,013.89 7,986.11 50,000,000.00
06/25/98 06/26/98 1 5.7500 6,498,961.81 1,038.19 6,500,000.00
06/30/98 07/02/98 2 6.5000 7,422,318.75 2,681.25 7,425,000.00
---------------- ---------------- ----------------
CP TOTAL 548,548,503.09 851,496.91 549,400,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 591,423,503.09 911,132.73 592,334,635.82
================ ================ ================
AVERAGE NUMBER OF DAYS 10.81
WEIGHTED AVERAGE RATE 5.7361
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:03
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 06/30/98
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 04/08/98 04/09/98 1 5.7300 400,000.00 63.67 400,063.67
04/09/98 04/21/98 12 5.7300 5,700,000.00 10,887.00 5,710,887.00
04/17/98 04/24/98 7 5.8300 10,275,000.00 11,647.85 10,286,647.85
04/20/98 04/28/98 8 5.7300 11,675,000.00 14,866.17 11,689,866.17
04/21/98 04/28/98 7 5.7300 11,550,000.00 12,868.63 11,562,868.63
04/30/98 05/06/98 6 5.7300 52,900,000.00 50,519.50 52,950,519.50
05/21/98 05/22/98 1 5.6700 8,400,000.00 1,323.00 8,401,323.00
05/29/98 06/02/98 4 5.8300 26,900,000.00 17,425.22 26,917,425.22
06/17/98 06/19/98 2 5.8300 14,500,000.00 4,696.39 14,504,696.39
06/18/98 06/24/98 6 5.7759 23,825,000.00 22,935.14 23,847,935.14
06/23/98 06/25/98 2 5.6991 875,000.00 277.04 875,277.04
06/24/98 07/02/98 8 5.8392 20,000,000.00 25,952.00 20,025,952.00
06/24/98 06/25/98 1 5.5991 1,500,000.00 233.30 1,500,233.30
06/25/98 07/07/98 12 5.8000 7,000,000.00 13,533.33 7,013,533.33
06/26/98 07/08/98 12 5.7759 10,000,000.00 19,253.00 10,019,253.00
06/26/98 07/08/98 12 5.8900 6,000,000.00 11,780.00 6,011,780.00
06/30/98 07/07/98 7 6.1875 19,000,000.00 22,859.38 19,022,859.38
06/30/98 07/09/98 9 5.7300 10,000,000.00 14,325.00 10,014,325.00
06/30/98 07/01/98 1 6.8300 21,300,000.00 4,041.08 21,304,041.08
-------------- ---------- ----------------
BL TOTAL 261,800,000.00 259,486.70 262,059,486.70
CP 04/02/98 04/13/98 11 5.7500 13,176,808.33 23,191.67 13,200,000.00
04/03/98 04/16/98 13 5.7200 8,582,236.22 17,763.78 8,600,000.00
04/06/98 04/17/98 11 5.7400 34,938,613.89 61,386.11 35,000,000.00
04/06/98 04/20/98 14 5.7400 3,991,071.11 8,928.89 4,000,000.00
04/13/98 04/22/98 9 5.7300 33,951,295.00 48,705.00 34,000,000.00
04/14/98 04/21/98 7 5.7200 11,986,653.33 13,346.67 12,000,000.00
04/14/98 04/22/98 8 5.7500 3,695,272.22 4,727.78 3,700,000.00
04/16/98 04/23/98 7 5.7000 4,894,569.17 5,430.83 4,900,000.00
04/17/98 04/20/98 3 5.5600 17,991,660.00 8,340.00 18,000,000.00
04/20/98 04/27/98 7 5.7000 5,893,460.83 6,539.17 5,900,000.00
04/22/98 04/29/98 7 5.7000 24,972,291.67 27,708.33 25,000,000.00
04/22/98 04/23/98 1 5.6700 8,698,629.75 1,370.25 8,700,000.00
04/23/98 05/04/98 11 5.6800 8,634,987.44 15,012.56 8,650,000.00
04/24/98 04/27/98 3 5.5500 18,191,582.50 8,417.50 18,200,000.00
04/27/98 05/05/98 8 5.7000 22,970,866.67 29,133.33 23,000,000.00
04/27/98 05/05/98 8 5.7000 3,495,566.67 4,433.33 3,500,000.00
04/28/98 05/05/98 7 5.7500 9,089,825.69 10,174.31 9,100,000.00
04/29/98 05/05/98 6 5.7500 22,678,245.83 21,754.17 22,700,000.00
05/01/98 05/06/98 5 5.6500 44,964,687.50 35,312.50 45,000,000.00
05/01/98 05/06/98 5 5.6500 3,797,018.06 2,981.94 3,800,000.00
05/04/98 05/06/98 2 5.6500 7,297,708.61 2,291.39 7,300,000.00
05/05/98 05/07/98 2 5.7000 49,984,166.67 15,833.33 50,000,000.00
05/05/98 05/07/98 2 5.7000 949,699.17 300.83 950,000.00
05/06/98 05/11/98 5 5.6800 29,976,333.33 23,666.67 30,000,000.00
05/06/98 05/08/98 2 5.6000 1,499,533.33 466.67 1,500,000.00
05/06/98 05/07/98 1 5.6000 49,992,222.22 7,777.78 50,000,000.00
05/06/98 05/07/98 1 5.6000 29,995,333.33 4,666.67 30,000,000.00
05/07/98 05/08/98 1 5.5600 7,998,764.44 1,235.56 8,000,000.00
05/07/98 05/08/98 1 5.5600 399,938.22 61.78 400,000.00
05/08/98 05/12/98 4 5.5900 7,995,031.11 4,968.89 8,000,000.00
05/08/98 05/12/98 4 5.5900 399,751.56 248.44 400,000.00
05/11/98 05/18/98 7 5.6800 29,966,866.67 33,133.33 30,000,000.00
05/11/98 05/13/98 2 5.6500 1,999,372.22 627.78 2,000,000.00
05/12/98 05/14/98 2 5.7000 7,497,625.00 2,375.00 7,500,000.00
05/14/98 05/19/98 5 5.7100 2,747,819.10 2,180.90 2,750,000.00
05/18/98 05/19/98 1 5.7300 1,399,777.17 222.83 1,400,000.00
05/18/98 05/20/98 2 5.7300 25,991,723.33 8,276.67 26,000,000.00
05/20/98 05/21/98 1 5.6400 17,397,274.00 2,726.00 17,400,000.00
05/22/98 05/27/98 5 5.6200 9,742,389.58 7,610.42 9,750,000.00
05/26/98 05/27/98 1 5.6500 8,198,713.06 1,286.94 8,200,000.00
06/01/98 06/03/98 2 5.8500 3,898,732.50 1,267.50 3,900,000.00
06/02/98 06/05/98 3 5.7700 25,087,931.08 12,068.92 25,100,000.00
06/03/98 06/09/98 6 5.7500 1,248,802.08 1,197.92 1,250,000.00
06/04/98 06/09/98 5 5.6700 999,212.50 787.50 1,000,000.00
06/05/98 06/09/98 4 5.6200 22,985,637.78 14,362.22 23,000,000.00
06/05/98 06/09/98 4 5.6200 799,500.44 499.56 800,000.00
06/08/98 06/16/98 8 5.6800 34,955,822.22 44,177.78 35,000,000.00
06/08/98 06/11/98 3 5.6800 1,199,432.00 568.00 1,200,000.00
06/09/98 06/17/98 8 5.6800 23,170,716.44 29,283.56 23,200,000.00
06/10/98 06/18/98 8 5.6800 26,766,172.44 33,827.56 26,800,000.00
06/15/98 06/19/98 4 5.8500 13,990,900.00 9,100.00 14,000,000.00
06/16/98 06/23/98 7 5.7800 27,968,531.11 31,468.89 28,000,000.00
06/16/98 06/23/98 7 5.7800 998,876.11 1,123.89 1,000,000.00
06/22/98 06/29/98 7 5.8000 12,985,338.89 14,661.11 13,000,000.00
06/23/98 06/26/98 3 5.7200 18,491,181.67 8,818.33 18,500,000.00
06/23/98 06/26/98 3 5.7500 999,520.83 479.17 1,000,000.00
06/29/98 06/30/98 1 6.3000 17,496,937.50 3,062.50 17,500,000.00
06/30/98 07/09/98 9 6.0000 17,473,750.00 26,250.00 17,500,000.00
---------------- ---------------- ----------------
CP TOTAL 849,542,379.59 707,620.41 850,250,000.00
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 1,111,342,379.59 967,107.11 1,112,309,486.70
================ ================ ================
AVERAGE NUMBER OF DAYS 5.35
WEIGHTED AVERAGE RATE 5.7488
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:03
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 06/30/98
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 04/02/98 04/06/98 4 5.7600 475,000.00 304.00 475,304.00
04/06/98 04/22/98 16 5.8300 750,000.00 1,943.33 751,943.33
04/27/98 05/07/98 10 5.8300 525,000.00 850.21 525,850.21
06/05/98 06/09/98 4 5.6700 725,000.00 456.75 725,456.75
06/10/98 06/26/98 16 5.7000 7,600,000.00 19,253.33 7,619,253.33
06/12/98 07/02/98 20 5.7600 19,500,000.00 62,400.00 19,562,400.00
06/17/98 07/10/98 23 5.7300 5,200,000.00 19,036.33 5,219,036.33
06/22/98 07/02/98 10 5.7759 5,200,000.00 8,342.97 5,208,342.97
06/30/98 07/07/98 7 5.7300 2,050,000.00 2,284.04 2,052,284.04
---------------- ---------------- ----------------
BL TOTAL 42,025,000.00 114,870.96 42,139,870.96
CP 04/01/98 04/30/98 29 5.8000 3,682,712.78 17,287.22 3,700,000.00
04/03/98 04/13/98 10 5.7100 1,223,057.01 1,942.99 1,225,000.00
04/07/98 04/28/98 21 5.7300 3,338,802.62 11,197.38 3,350,000.00
04/09/98 05/05/98 26 5.7300 4,680,549.83 19,450.17 4,700,000.00
04/14/98 04/22/98 8 5.7000 3,994,933.33 5,066.67 4,000,000.00
04/17/98 05/08/98 21 5.7000 8,970,075.00 29,925.00 9,000,000.00
04/17/98 05/08/98 21 5.7000 4,983,375.00 16,625.00 5,000,000.00
04/21/98 05/12/98 21 5.6900 3,538,216.96 11,783.04 3,550,000.00
04/22/98 04/23/98 1 5.6500 4,824,242.74 757.26 4,825,000.00
04/23/98 05/14/98 21 5.7000 3,214,276.87 10,723.13 3,225,000.00
04/24/98 05/15/98 21 5.7000 5,980,050.00 19,950.00 6,000,000.00
04/28/98 05/19/98 21 5.7100 5,581,347.33 18,652.67 5,600,000.00
04/30/98 05/19/98 19 5.7400 2,193,335.22 6,664.78 2,200,000.00
05/01/98 05/22/98 21 5.7100 5,232,513.12 17,486.88 5,250,000.00
05/04/98 05/26/98 22 5.7300 1,345,272.75 4,727.25 1,350,000.00
05/05/98 05/29/98 24 5.7400 4,034,502.00 15,498.00 4,050,000.00
05/08/98 05/28/98 20 5.7100 13,058,443.89 41,556.11 13,100,000.00
05/11/98 06/05/98 25 5.7100 1,145,439.93 4,560.07 1,150,000.00
05/12/98 06/09/98 28 5.7200 1,841,769.56 8,230.44 1,850,000.00
05/14/98 05/20/98 6 5.6800 2,347,775.33 2,224.67 2,350,000.00
05/15/98 06/12/98 28 5.7400 5,599,887.50 25,112.50 5,625,000.00
05/19/98 06/03/98 15 5.7300 4,489,256.25 10,743.75 4,500,000.00
05/20/98 05/21/98 1 5.6500 1,999,686.11 313.89 2,000,000.00
05/21/98 06/16/98 26 5.7400 1,692,952.56 7,047.44 1,700,000.00
05/22/98 06/17/98 26 5.7400 5,029,064.94 20,935.06 5,050,000.00
05/26/98 06/19/98 24 5.7300 6,998,164.50 26,835.50 7,025,000.00
05/28/98 06/12/98 15 5.7300 13,966,575.00 33,425.00 14,000,000.00
05/29/98 06/24/98 26 5.7900 1,892,054.83 7,945.17 1,900,000.00
06/01/98 06/26/98 25 5.7700 1,493,989.58 6,010.42 1,500,000.00
06/03/98 06/16/98 13 5.7400 3,417,900.74 7,099.26 3,425,000.00
06/09/98 06/30/98 21 5.7300 2,092,980.75 7,019.25 2,100,000.00
06/09/98 06/30/98 21 5.7300 996,657.50 3,342.50 1,000,000.00
06/15/98 06/26/98 11 5.8300 1,497,327.92 2,672.08 1,500,000.00
06/16/98 07/07/98 21 5.8100 2,491,527.08 8,472.92 2,500,000.00
06/16/98 07/07/98 21 5.8100 1,295,594.08 4,405.92 1,300,000.00
06/19/98 07/02/98 13 5.8600 6,286,668.50 13,331.50 6,300,000.00
06/24/98 07/14/98 20 5.9200 1,046,546.67 3,453.33 1,050,000.00
06/26/98 06/30/98 4 5.9000 10,093,378.89 6,621.11 10,100,000.00
06/26/98 06/30/98 4 5.9000 199,868.89 131.11 200,000.00
---------------- ---------------- ----------------
CP TOTAL 157,790,773.56 459,226.44 158,250,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 199,815,773.56 574,097.40 200,389,870.96
================ ================ ================
AVERAGE NUMBER OF DAYS 17.31
WEIGHTED AVERAGE RATE 5.7420
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:03
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 06/30/98
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 04/03/98 04/08/98 5 5.7600 3,925,000.00 3,140.00 3,928,140.00
04/08/98 04/09/98 1 5.7600 3,875,000.00 620.00 3,875,620.00
04/09/98 04/15/98 6 5.8300 3,525,000.00 3,425.13 3,528,425.13
04/15/98 04/17/98 2 5.9000 1,500,000.00 491.67 1,500,491.67
04/17/98 04/22/98 5 5.7700 1,200,000.00 961.67 1,200,961.67
04/22/98 04/24/98 2 5.8300 600,000.00 194.33 600,194.33
04/24/98 04/29/98 5 5.7700 350,000.00 280.49 350,280.49
04/27/98 05/05/98 8 5.8000 4,975,000.00 6,412.22 4,981,412.22
05/01/98 05/06/98 5 5.8300 100,000.00 80.97 100,080.97
05/05/98 05/08/98 3 5.5900 4,425,000.00 2,061.31 4,427,061.31
05/08/98 05/12/98 4 5.7200 4,100,000.00 2,605.78 4,102,605.78
05/12/98 05/15/98 3 5.7800 3,125,000.00 1,505.21 3,126,505.21
05/15/98 05/20/98 5 5.7500 2,700,000.00 2,156.25 2,702,156.25
05/20/98 05/22/98 2 5.6500 1,850,000.00 580.69 1,850,580.69
05/22/98 06/03/98 12 5.8300 750,000.00 1,457.50 751,457.50
05/26/98 06/05/98 10 5.7600 3,650,000.00 5,840.00 3,655,840.00
05/29/98 06/02/98 4 5.8900 100,000.00 65.44 100,065.44
06/03/98 06/09/98 6 5.8300 350,000.00 340.08 350,340.08
06/05/98 06/12/98 7 5.8200 3,225,000.00 3,649.63 3,228,649.63
06/12/98 06/17/98 5 5.7500 1,625,000.00 1,297.74 1,626,297.74
06/15/98 06/16/98 1 6.4000 150,000.00 26.67 150,026.67
06/17/98 06/18/98 1 5.8300 950,000.00 153.85 950,153.85
06/18/98 06/23/98 5 5.8300 600,000.00 485.83 600,485.83
06/25/98 07/02/98 7 5.8392 4,100,000.00 4,655.14 4,104,655.14
---------------- ---------------- ----------------
BL TOTAL 51,750,000.00 42,487.60 51,792,487.60
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 51,750,000.00 42,487.60 51,792,487.60
================ ================ ================
AVERAGE NUMBER OF DAYS 4.75
WEIGHTED AVERAGE RATE 5.7684
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:03
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 06/30/98
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 04/02/98 04/06/98 4 5.7600 5,200,000.00 3,328.00 5,203,328.00
04/06/98 04/09/98 3 5.7000 25,900,000.00 12,302.50 25,912,302.50
04/07/98 04/14/98 7 5.7200 25,000,000.00 27,805.56 25,027,805.56
04/17/98 04/21/98 4 5.5891 18,350,000.00 11,395.55 18,361,395.55
04/20/98 04/21/98 1 5.7000 35,600,000.00 5,636.67 35,605,636.67
04/21/98 04/24/98 3 5.5891 12,150,000.00 5,658.96 12,155,658.96
04/22/98 04/28/98 6 5.7300 1,550,000.00 1,480.25 1,551,480.25
05/20/98 05/22/98 2 5.7300 22,725,000.00 7,234.13 22,732,234.13
05/29/98 06/09/98 11 5.7759 25,000,000.00 44,121.46 25,044,121.46
05/29/98 06/03/98 5 5.7600 9,000,000.00 7,200.00 9,007,200.00
06/17/98 06/18/98 1 5.8300 33,000,000.00 5,344.17 33,005,344.17
06/18/98 06/22/98 4 5.8200 35,000,000.00 22,633.33 35,022,633.33
06/18/98 06/22/98 4 5.7259 22,000,000.00 13,996.64 22,013,996.64
06/18/98 06/22/98 4 5.6700 5,100,000.00 3,213.00 5,103,213.00
06/19/98 06/23/98 4 5.8100 11,125,000.00 7,181.81 11,132,181.81
06/24/98 06/30/98 6 5.8392 1,200,000.00 1,167.84 1,201,167.84
06/25/98 07/02/98 7 5.8300 10,000,000.00 11,336.11 10,011,336.11
06/26/98 06/30/98 4 5.9000 20,000,000.00 13,111.11 20,013,111.11
06/26/98 06/30/98 4 5.8600 10,000,000.00 6,511.11 10,006,511.11
06/26/98 06/30/98 4 5.8900 26,300,000.00 17,211.89 26,317,211.89
06/29/98 07/07/98 8 5.9100 11,200,000.00 14,709.33 11,214,709.33
06/30/98 07/07/98 7 5.8700 20,000,000.00 22,827.78 20,022,827.78
06/30/98 07/07/98 7 5.7759 2,400,000.00 2,695.42 2,402,695.42
06/30/98 07/02/98 2 6.3500 50,000,000.00 17,638.89 50,017,638.89
06/30/98 07/02/98 2 7.0500 6,300,000.00 2,467.50 6,302,467.50
---------------- ---------------- ----------------
BL TOTAL 444,100,000.00 288,209.01 444,388,209.01
CP 04/01/98 04/02/98 1 5.8200 44,992,725.00 7,275.00 45,000,000.00
04/01/98 04/13/98 12 5.8000 4,890,526.67 9,473.33 4,900,000.00
04/02/98 04/03/98 1 5.7300 39,993,633.33 6,366.67 40,000,000.00
04/03/98 04/06/98 3 5.6700 39,981,100.00 18,900.00 40,000,000.00
04/03/98 04/06/98 3 5.6700 1,324,373.94 626.06 1,325,000.00
04/06/98 04/07/98 1 5.6700 26,995,747.50 4,252.50 27,000,000.00
04/06/98 04/08/98 2 5.6700 4,998,425.00 1,575.00 5,000,000.00
04/07/98 04/14/98 7 5.7200 10,188,655.33 11,344.67 10,200,000.00
04/08/98 04/14/98 6 5.7200 29,971,400.00 28,600.00 30,000,000.00
04/08/98 04/16/98 8 5.7200 9,188,305.78 11,694.22 9,200,000.00
04/09/98 04/17/98 8 5.7300 19,974,533.33 25,466.67 20,000,000.00
04/09/98 04/17/98 8 5.7300 3,195,925.33 4,074.67 3,200,000.00
04/13/98 04/16/98 3 5.7000 49,976,250.00 23,750.00 50,000,000.00
04/13/98 04/16/98 3 5.7000 20,990,025.00 9,975.00 21,000,000.00
04/14/98 04/17/98 3 5.7000 27,886,747.50 13,252.50 27,900,000.00
04/14/98 04/15/98 1 5.7000 25,795,915.00 4,085.00 25,800,000.00
04/15/98 04/17/98 2 5.8700 29,990,216.67 9,783.33 30,000,000.00
04/15/98 04/20/98 5 5.8500 8,692,931.25 7,068.75 8,700,000.00
04/16/98 04/20/98 4 5.6900 24,984,194.44 15,805.56 25,000,000.00
04/16/98 04/21/98 5 5.6900 4,896,127.64 3,872.36 4,900,000.00
04/16/98 04/20/98 4 5.6900 49,968,388.89 31,611.11 50,000,000.00
04/20/98 04/23/98 3 5.6800 29,985,800.00 14,200.00 30,000,000.00
04/20/98 04/23/98 3 5.6800 49,976,333.33 23,666.67 50,000,000.00
04/21/98 04/22/98 1 5.6000 24,996,111.11 3,888.89 25,000,000.00
04/22/98 04/27/98 5 5.6900 17,985,775.00 14,225.00 18,000,000.00
04/23/98 04/29/98 6 5.6700 19,981,100.00 18,900.00 20,000,000.00
04/23/98 04/29/98 6 5.6700 799,244.00 756.00 800,000.00
04/23/98 04/29/98 6 5.6700 49,952,750.00 47,250.00 50,000,000.00
04/24/98 04/29/98 5 5.6450 9,992,159.72 7,840.28 10,000,000.00
04/24/98 04/29/98 5 5.6450 2,348,157.53 1,842.47 2,350,000.00
04/27/98 04/28/98 1 5.6500 18,197,143.61 2,856.39 18,200,000.00
04/28/98 04/29/98 1 5.6000 9,998,444.44 1,555.56 10,000,000.00
04/28/98 04/29/98 1 5.6000 2,799,564.44 435.56 2,800,000.00
04/30/98 05/07/98 7 5.7700 24,672,287.97 27,712.03 24,700,000.00
04/30/98 05/11/98 11 5.7700 29,947,108.33 52,891.67 30,000,000.00
05/01/98 05/06/98 5 5.6500 1,124,117.19 882.81 1,125,000.00
05/04/98 05/13/98 9 5.6700 1,522,838.31 2,161.69 1,525,000.00
05/05/98 05/14/98 9 5.6500 8,288,276.25 11,723.75 8,300,000.00
05/06/98 05/08/98 2 5.6000 3,798,817.78 1,182.22 3,800,000.00
05/07/98 05/15/98 8 5.6500 20,973,633.33 26,366.67 21,000,000.00
05/07/98 05/15/98 8 5.6500 998,744.44 1,255.56 1,000,000.00
05/08/98 05/12/98 4 5.5900 7,395,403.78 4,596.22 7,400,000.00
05/11/98 05/18/98 7 5.6800 29,966,866.67 33,133.33 30,000,000.00
05/11/98 05/18/98 7 5.6800 2,397,349.33 2,650.67 2,400,000.00
05/12/98 05/18/98 6 5.7000 6,693,635.00 6,365.00 6,700,000.00
05/14/98 05/19/98 5 5.7200 5,795,392.22 4,607.78 5,800,000.00
05/15/98 05/19/98 4 5.8500 25,983,100.00 16,900.00 26,000,000.00
05/15/98 05/19/98 4 5.8500 799,480.00 520.00 800,000.00
05/18/98 05/19/98 1 5.7300 29,995,225.00 4,775.00 30,000,000.00
05/18/98 05/19/98 1 5.7300 4,599,267.83 732.17 4,600,000.00
05/18/98 05/19/98 1 5.7300 874,860.73 139.27 875,000.00
05/20/98 05/21/98 1 5.6400 34,994,516.67 5,483.33 35,000,000.00
05/22/98 05/26/98 4 5.5300 44,972,350.00 27,650.00 45,000,000.00
05/22/98 05/26/98 4 5.5300 1,149,293.39 706.61 1,150,000.00
05/26/98 05/27/98 1 5.6500 39,993,722.22 6,277.78 40,000,000.00
05/26/98 05/28/98 2 5.6500 2,649,168.19 831.81 2,650,000.00
05/27/98 05/29/98 2 5.7000 24,992,083.33 7,916.67 25,000,000.00
05/27/98 05/28/98 1 5.7000 4,124,346.87 653.13 4,125,000.00
05/28/98 06/02/98 5 5.7600 4,721,220.00 3,780.00 4,725,000.00
06/01/98 06/04/98 3 5.8200 34,483,267.50 16,732.50 34,500,000.00
06/01/98 06/04/98 3 5.8200 1,999,030.00 970.00 2,000,000.00
06/03/98 06/12/98 9 5.7500 4,743,171.87 6,828.13 4,750,000.00
06/04/98 06/17/98 13 5.6900 33,930,139.44 69,860.56 34,000,000.00
06/04/98 06/05/98 1 5.6700 2,999,527.50 472.50 3,000,000.00
06/04/98 06/17/98 13 5.6900 1,496,917.92 3,082.08 1,500,000.00
06/05/98 06/08/98 3 5.6000 2,998,600.00 1,400.00 3,000,000.00
06/08/98 06/11/98 3 5.6800 999,526.67 473.33 1,000,000.00
06/09/98 06/16/98 7 5.6800 22,974,597.78 25,402.22 23,000,000.00
06/09/98 06/16/98 7 5.6800 1,298,564.22 1,435.78 1,300,000.00
06/10/98 06/18/98 8 5.6800 49,936,888.89 63,111.11 50,000,000.00
06/10/98 06/18/98 8 5.6800 1,198,485.33 1,514.67 1,200,000.00
06/12/98 06/17/98 5 5.7400 5,045,974.03 4,025.97 5,050,000.00
06/15/98 06/17/98 2 5.8700 23,992,173.33 7,826.67 24,000,000.00
06/16/98 06/17/98 1 5.7700 10,698,285.03 1,714.97 10,700,000.00
06/22/98 06/24/98 2 5.7300 19,993,633.33 6,366.67 20,000,000.00
06/22/98 06/25/98 3 5.7400 7,196,556.00 3,444.00 7,200,000.00
06/22/98 06/23/98 1 5.7000 49,992,083.33 7,916.67 50,000,000.00
06/23/98 06/26/98 3 5.7200 47,977,120.00 22,880.00 48,000,000.00
06/23/98 06/29/98 6 5.7600 3,496,640.00 3,360.00 3,500,000.00
06/24/98 06/30/98 6 5.6700 24,976,375.00 23,625.00 25,000,000.00
06/30/98 07/06/98 6 6.1000 10,389,426.67 10,573.33 10,400,000.00
---------------- ---------------- ----------------
CP TOTAL 1,442,128,819.45 921,180.55 1,443,050,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 1,886,228,819.45 1,209,389.56 1,887,438,209.01
================ ================ ================
AVERAGE NUMBER OF DAYS 4.52
WEIGHTED AVERAGE RATE 5.7420
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/02/98
CASH MANAGEMENT SYSTEM TIME: 08:10:04
<CAPTION>
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 06/30/98
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 04/03/98 04/09/98 6 5.7600 3,650,000.00 3,504.00 3,653,504.00
04/06/98 04/08/98 2 5.7000 125,000.00 39.58 125,039.58
04/09/98 04/15/98 6 5.8300 3,175,000.00 3,085.04 3,178,085.04
04/15/98 04/17/98 2 5.9000 2,400,000.00 786.67 2,400,786.67
04/17/98 04/22/98 5 5.7700 2,000,000.00 1,602.78 2,001,602.78
04/22/98 04/28/98 6 5.8300 1,775,000.00 1,724.71 1,776,724.71
04/24/98 05/05/98 11 5.7200 2,975,000.00 5,199.64 2,980,199.64
04/28/98 05/01/98 3 5.7700 200,000.00 96.17 200,096.17
04/30/98 05/06/98 6 5.8300 300,000.00 291.50 300,291.50
05/01/98 05/08/98 7 5.8300 600,000.00 680.17 600,680.17
05/05/98 05/12/98 7 5.7200 2,425,000.00 2,697.14 2,427,697.14
05/06/98 05/15/98 9 5.8300 300,000.00 437.25 300,437.25
05/08/98 05/19/98 11 5.8300 225,000.00 400.81 225,400.81
05/12/98 05/14/98 2 5.7800 2,350,000.00 754.61 2,350,754.61
05/14/98 05/20/98 6 5.7200 1,825,000.00 1,739.83 1,826,739.83
05/20/98 05/22/98 2 5.6500 1,100,000.00 345.28 1,100,345.28
05/22/98 06/05/98 14 5.8300 950,000.00 2,153.86 952,153.86
05/26/98 05/28/98 2 5.7200 2,975,000.00 945.39 2,975,945.39
05/28/98 06/12/98 15 5.7500 2,200,000.00 5,270.83 2,205,270.83
06/01/98 06/04/98 3 5.8900 150,000.00 73.63 150,073.63
06/12/98 06/17/98 5 5.7500 1,425,000.00 1,138.02 1,426,138.02
06/17/98 06/19/98 2 5.8300 225,000.00 72.88 225,072.88
06/23/98 06/26/98 3 5.5991 2,925,000.00 1,364.78 2,926,364.78
06/26/98 07/02/98 6 5.7759 2,925,000.00 2,815.75 2,927,815.75
---------------- ---------------- ----------------
BL TOTAL 39,200,000.00 37,220.32 39,237,220.32
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 39,200,000.00 37,220.32 39,237,220.32
================ ================ ================
AVERAGE NUMBER OF DAYS 5.88
WEIGHTED AVERAGE RATE 5.7589
</TABLE>
