AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26864
FOR THE QUARTER ENDED JUNE 30, 1998
1) Aggregate Investment, for which there is recourse to AEP
Co., Inc., in Exempt Wholesale Generators (EWG) and Foreign
Utility Companies (FUCO)
EWG - None
FUCO - Total Investment $450,133,000
Components of statement of aggregate investment in FUCO is filed
under confidential treatment pursuant to Rule 104(b).
2) Aggregate Investment as a Percentage of the Following Items
(in thousands) %
Total Capitalization $10,997,050* 4.1%
Net Utility Plant 11,629,338 3.9%
Total Assets 17,812,235 2.5%
Market Value of Common Equity 8,660,671 5.2%
*Includes Long-term Debt Due Within One Year and Short-term Debt.
3) Consolidated Capitalization Ratio
(in thousands) %
Short-term Debt $ 506,275
Long-term Debt 5,556,798*
Total Debt 6,063,073 55.1%
Preferred Stock 173,955 1.6%
Common Stock 1,299,147
Paid-in Capital 1,815,409
Retained Earnings 1,645,466
Total Common Equity 4,760,022 43.3%
Total Capitalization $10,997,050 100.0%
* Includes Long-term Debt Due Within One Year.
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AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26864
FOR THE QUARTER ENDED JUNE 30, 1998
4) Market-to-book Ratio of AEP Common Stock
Closing Market Price per Share $45-3/8
Book Value per Share $24.94
Market-to-book Ratio of Common Stock 181.9%
5) Analysis of Growth in Retained Earnings
Statement of analysis of growth in retained earnings is filed
under confidential treatment pursuant Rule 104(b).
6) Statement of Revenues and Net Income for each EWG and FUCO
Statement of revenues and net income for the following FUCO's are
filed under confidential treatment pursuant to Rule 104(b):
Yorkshire Electricity Group plc
Nanyang General Light Electric
Pacific Hydro Ltd.
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CONFIDENTIAL TREATMENT REQUESTED BY AEP
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26864
(UNAUDITED)
COMPONENTS OF STATEMENT OF AGGREGATE INVESTMENT IN FUCO
(in thousands)
FUCO
Yorkshire Electricity Group plc $362,967
Nanyang General Light Electric 77,856
Pacific Hydro Ltd. 9,310
Total Investment iN FUCO's $450,133
STATEMENT OF ANALYSIS OF GROWTH IN RETAINED EARNINGS
(in thousands)
Beginning Retained Earnings - January 1, 1998 $1,605,017
Earnings (Loss) Attributable to FUCO's/EWG's (3,898)
Earnings Attributable to Other Subsidiaries 272,569
Less Dividends (228,221)
Other (1)
Ending Retained Earnings - June 30, 1998 $1,645,466
