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<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. 13
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, Indiana Michigan Power
Company, Kingsport Power Company, and Wheeling Power Company made
short-term note borrowings from banks during the calendar quarter ended
March 31, 1999; Indiana Michigan 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 Solomon Smith Barney; 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 March 31, 1999.
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, Vice President
Dated: April 13, 1999
<PAGE>
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
First Quarter of the Calendar Year 1999
Month Actual Prime Rates*
Jan 1 - Mar 31 7.75%
* 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: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:00
<CAPTION> PAGE: 1
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 03/31/99
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 02/02/99 02/12/99 10 5.2222 625,000.00 906.63 625,906.63
03/18/99 03/26/99 8 5.2100 875,000.00 1,013.06 876,013.06
03/22/99 03/26/99 4 5.2500 550,000.00 320.83 550,320.83
03/29/99 04/07/99 9 5.3490 100,000.00 133.73 100,133.73
---------------- ---------------- ----------------
BL TOTAL 2,150,000.00 2,374.25 2,152,374.25
CP 01/04/99 01/05/99 1 5.3000 33,395,082.78 4,917.22 33,400,000.00
01/05/99 01/13/99 8 5.1500 48,544,380.00 55,620.00 48,600,000.00
01/07/99 01/20/99 13 5.0000 28,348,722.22 51,277.78 28,400,000.00
01/13/99 01/29/99 16 5.1500 48,638,416.67 111,583.33 48,750,000.00
01/20/99 02/17/99 28 5.0700 28,537,023.50 112,976.50 28,650,000.00
01/28/99 02/05/99 8 5.1000 1,498,300.00 1,700.00 1,500,000.00
01/29/99 02/26/99 28 5.0800 48,806,395.56 193,604.44 49,000,000.00
02/17/99 03/05/99 16 5.0300 25,542,769.78 57,230.22 25,600,000.00
02/26/99 03/10/99 12 5.0500 47,819,368.33 80,631.67 47,900,000.00
03/05/99 03/10/99 5 4.9500 24,208,345.31 16,654.69 24,225,000.00
03/10/99 03/11/99 1 5.0000 9,798,638.89 1,361.11 9,800,000.00
03/11/99 03/15/99 4 5.0500 6,996,072.22 3,927.78 7,000,000.00
03/11/99 03/15/99 4 5.0500 199,887.78 112.22 200,000.00
03/12/99 03/26/99 14 5.0500 2,994,108.33 5,891.67 3,000,000.00
03/15/99 03/26/99 11 5.0700 10,134,275.96 15,724.04 10,150,000.00
03/16/99 03/26/99 10 5.0000 2,346,736.11 3,263.89 2,350,000.00
03/17/99 03/26/99 9 5.0300 998,742.50 1,257.50 1,000,000.00
03/19/99 03/26/99 7 5.0200 999,023.89 976.11 1,000,000.00
03/26/99 04/15/99 20 5.0600 35,824,010.83 100,989.17 35,925,000.00
03/30/99 04/07/99 8 5.1500 24,272,190.00 27,810.00 24,300,000.00
---------------- ---------------- ----------------
CP TOTAL 429,902,490.66 847,509.34 430,750,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 432,052,490.66 849,883.59 432,902,374.25
================ ================ ================
AVERAGE NUMBER OF DAYS 10.58
WEIGHTED AVERAGE RATE 5.0929
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:00
<CAPTION> PAGE: 2
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 03/31/99
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 01/04/99 01/22/99 18 5.3000 5,000,000.00 13,250.00 5,013,250.00
01/06/99 01/25/99 19 5.3000 24,000,000.00 67,133.33 24,067,133.33
01/21/99 01/22/99 1 4.8754 775,000.00 104.96 775,104.96
01/25/99 01/29/99 4 5.3400 14,400,000.00 8,544.00 14,408,544.00
01/29/99 02/17/99 19 5.3400 16,000,000.00 45,093.33 16,045,093.33
02/01/99 02/22/99 21 5.1589 675,000.00 2,031.32 677,031.32
02/17/99 02/19/99 2 5.1500 16,500,000.00 4,720.83 16,504,720.83
02/19/99 02/22/99 3 5.0400 11,500,000.00 4,830.00 11,504,830.00
02/23/99 02/26/99 3 5.0021 375,000.00 156.32 375,156.32
02/24/99 02/26/99 2 5.2000 1,000,000.00 288.89 1,000,288.89
02/26/99 03/17/99 19 5.2500 1,500,000.00 4,156.25 1,504,156.25
03/01/99 03/17/99 16 5.2800 5,150,000.00 12,085.33 5,162,085.33
03/10/99 03/22/99 12 5.2800 5,000,000.00 8,800.00 5,008,800.00
03/16/99 03/22/99 6 5.2000 1,500,000.00 1,300.00 1,501,300.00
03/17/99 03/19/99 2 5.2200 7,000,000.00 2,030.00 7,002,030.00
03/17/99 03/22/99 5 5.2100 3,675,000.00 2,659.27 3,677,659.27
03/19/99 03/22/99 3 5.0800 2,000,000.00 846.67 2,000,846.67
03/23/99 03/31/99 8 5.3400 1,300,000.00 1,542.67 1,301,542.67
03/26/99 04/21/99 26 5.3000 850,000.00 3,253.61 853,253.61
03/30/99 04/19/99 20 5.0589 1,000,000.00 2,810.50 1,002,810.50
03/31/99 04/19/99 19 5.0589 3,725,000.00 9,945.66 3,734,945.66
---------------- ---------------- ----------------
BL TOTAL 122,925,000.00 195,582.94 123,120,582.94
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 122,925,000.00 195,582.94 123,120,582.94
================ ================ ================
AVERAGE NUMBER OF DAYS 10.86
WEIGHTED AVERAGE RATE 5.2371
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:00
<CAPTION> PAGE: 3
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER SERVICE CORP.
QUARTER ENDED 03/31/99
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 01/04/99 01/08/99 4 5.3000 4,200,000.00 2,473.33 4,202,473.33
01/05/99 01/08/99 3 5.2500 1,350,000.00 590.63 1,350,590.63
01/06/99 01/11/99 5 5.2600 2,000,000.00 1,461.11 2,001,461.11
01/07/99 01/11/99 4 5.4400 21,000,000.00 12,693.33 21,012,693.33
01/19/99 02/25/99 37 5.0589 4,000,000.00 20,797.70 4,020,797.70
01/25/99 02/25/99 31 5.1589 200,000.00 888.48 200,888.48
01/26/99 02/25/99 30 5.1589 525,000.00 2,257.02 527,257.02
01/27/99 02/25/99 29 5.1589 400,000.00 1,662.31 401,662.31
01/29/99 02/25/99 27 5.3400 8,175,000.00 32,740.88 8,207,740.88
02/01/99 02/24/99 23 5.2800 5,550,000.00 18,722.00 5,568,722.00
02/02/99 02/24/99 22 5.1300 1,575,000.00 4,937.63 1,579,937.63
02/03/99 02/24/99 21 5.1300 575,000.00 1,720.69 576,720.69
02/04/99 02/24/99 20 5.2000 1,050,000.00 3,033.33 1,053,033.33
02/05/99 02/24/99 19 5.2200 350,000.00 964.25 350,964.25
02/08/99 02/24/99 16 5.2300 925,000.00 2,150.11 927,150.11
02/09/99 02/24/99 15 5.3800 1,000,000.00 2,241.67 1,002,241.67
02/10/99 02/23/99 13 5.1300 3,925,000.00 7,271.06 3,932,271.06
02/11/99 02/24/99 13 5.2100 525,000.00 987.73 525,987.73
02/12/99 02/23/99 11 5.2000 8,275,000.00 13,148.06 8,288,148.06
02/22/99 02/23/99 1 5.1800 700,000.00 100.72 700,100.72
02/23/99 02/25/99 2 5.2500 15,150,000.00 4,418.75 15,154,418.75
02/24/99 02/26/99 2 5.2000 11,550,000.00 3,336.67 11,553,336.67
02/25/99 03/04/99 7 5.2800 28,450,000.00 29,208.67 28,479,208.67
02/26/99 03/12/99 14 5.2500 10,000,000.00 20,416.67 10,020,416.67
03/03/99 03/12/99 9 5.0600 1,550,000.00 1,960.75 1,551,960.75
03/04/99 03/09/99 5 5.2800 28,450,000.00 20,863.33 28,470,863.33
03/09/99 03/11/99 2 5.4000 28,450,000.00 8,535.00 28,458,535.00
03/11/99 03/17/99 6 5.2800 28,450,000.00 25,036.00 28,475,036.00
03/12/99 03/26/99 14 5.1300 1,550,000.00 3,092.25 1,553,092.25
03/12/99 03/26/99 14 5.2200 10,000,000.00 20,300.00 10,020,300.00
03/17/99 04/20/99 34 5.3300 26,775,000.00 134,782.38 26,909,782.38
03/29/99 04/07/99 9 5.2500 4,100,000.00 5,381.25 4,105,381.25
03/30/99 05/19/99 50 5.1222 2,025,000.00 14,406.19 2,039,406.19
03/31/99 04/07/99 7 5.1800 1,825,000.00 1,838.18 1,826,838.18
---------------- ---------------- ----------------
BL TOTAL 264,625,000.00 424,418.13 265,049,418.13
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER SERVICE CORP. TOTAL 264,625,000.00 424,418.13 265,049,418.13
================ ================ ================
AVERAGE NUMBER OF DAYS 15.26
WEIGHTED AVERAGE RATE 5.2890
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:00
<CAPTION> PAGE: 4
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 03/31/99
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 02/22/99 03/04/99 10 5.2222 325,000.00 471.45 325,471.45
---------------- ---------------- ----------------
BL TOTAL 325,000.00 471.45 325,471.45
CP 01/04/99 01/12/99 8 5.2500 37,955,666.67 44,333.33 38,000,000.00
01/05/99 01/13/99 8 5.1500 26,969,100.00 30,900.00 27,000,000.00
01/05/99 01/08/99 3 5.1500 9,995,708.33 4,291.67 10,000,000.00
01/06/99 01/07/99 1 4.8000 4,999,333.33 666.67 5,000,000.00
01/06/99 01/07/99 1 4.8000 599,920.00 80.00 600,000.00
01/07/99 01/11/99 4 4.8500 6,996,227.78 3,772.22 7,000,000.00
01/08/99 01/19/99 11 4.9300 6,989,455.28 10,544.72 7,000,000.00
01/11/99 01/19/99 8 5.2000 10,512,837.78 12,162.22 10,525,000.00
01/12/99 01/20/99 8 5.1800 36,457,984.44 42,015.56 36,500,000.00
01/13/99 01/15/99 2 5.2500 5,998,250.00 1,750.00 6,000,000.00
01/13/99 01/22/99 9 5.2000 9,987,000.00 13,000.00 10,000,000.00
01/15/99 01/21/99 6 5.1000 11,490,225.00 9,775.00 11,500,000.00
01/15/99 01/21/99 6 5.1000 2,797,620.00 2,380.00 2,800,000.00
01/19/99 01/25/99 6 5.0300 11,490,359.17 9,640.83 11,500,000.00
01/20/99 01/26/99 6 4.9000 29,975,500.00 24,500.00 30,000,000.00
01/20/99 01/26/99 6 4.9000 1,798,530.00 1,470.00 1,800,000.00
01/21/99 01/28/99 7 4.9000 3,996,188.89 3,811.11 4,000,000.00
01/22/99 01/27/99 5 4.9000 5,796,052.78 3,947.22 5,800,000.00
01/22/99 01/27/99 5 4.9000 1,299,115.28 884.72 1,300,000.00
01/25/99 02/02/99 8 5.0600 10,687,968.44 12,031.56 10,700,000.00
01/26/99 02/05/99 10 5.0800 20,970,366.67 29,633.33 21,000,000.00
01/27/99 02/03/99 7 5.0800 3,196,839.11 3,160.89 3,200,000.00
01/29/99 02/09/99 11 5.0300 8,986,167.50 13,832.50 9,000,000.00
02/01/99 02/09/99 8 5.0500 2,796,857.78 3,142.22 2,800,000.00
02/02/99 02/08/99 6 5.0000 5,195,666.67 4,333.33 5,200,000.00
02/02/99 02/04/99 2 4.9500 2,199,395.00 605.00 2,200,000.00
02/03/99 02/11/99 8 4.9300 9,589,482.67 10,517.33 9,600,000.00
02/05/99 02/16/99 11 4.9800 28,806,099.92 43,900.08 28,850,000.00
02/08/99 02/10/99 2 5.0500 2,499,298.61 701.39 2,500,000.00
02/09/99 02/12/99 3 5.0300 4,498,113.75 1,886.25 4,500,000.00
02/11/99 02/17/99 6 5.0500 3,996,633.33 3,366.67 4,000,000.00
02/12/99 02/17/99 5 4.9800 3,997,233.33 2,766.67 4,000,000.00
02/16/99 02/17/99 1 5.1300 24,996,437.50 3,562.50 25,000,000.00
02/16/99 02/17/99 1 5.1300 999,857.50 142.50 1,000,000.00
02/17/99 02/18/99 1 4.9300 17,497,603.47 2,396.53 17,500,000.00
02/18/99 02/19/99 1 4.9300 23,221,819.47 3,180.53 23,225,000.00
02/19/99 02/22/99 3 4.8500 26,989,087.50 10,912.50 27,000,000.00
02/22/99 02/23/99 1 5.0000 27,996,111.11 3,888.89 28,000,000.00
02/23/99 02/24/99 1 4.9300 22,996,850.28 3,149.72 23,000,000.00
02/24/99 02/25/99 1 4.9500 12,223,319.06 1,680.94 12,225,000.00
02/25/99 03/02/99 5 5.0800 12,591,110.00 8,890.00 12,600,000.00
02/25/99 03/03/99 6 5.0800 4,096,528.67 3,471.33 4,100,000.00
02/26/99 03/05/99 7 5.1300 5,494,513.75 5,486.25 5,500,000.00
02/26/99 03/05/99 7 5.1300 3,896,109.75 3,890.25 3,900,000.00
03/01/99 03/09/99 8 5.1300 11,986,320.00 13,680.00 12,000,000.00
03/02/99 03/11/99 9 5.0800 8,259,497.10 10,502.90 8,270,000.00
03/02/99 03/08/99 6 5.0800 6,224,725.27 5,274.73 6,230,000.00
03/03/99 03/16/99 13 5.0000 9,807,260.42 17,739.58 9,825,000.00
03/04/99 03/12/99 8 5.0000 2,597,111.11 2,888.89 2,600,000.00
03/05/99 03/16/99 11 4.9500 18,097,585.94 27,414.06 18,125,000.00
03/08/99 03/12/99 4 5.0300 3,997,764.44 2,235.56 4,000,000.00
03/09/99 03/17/99 8 5.0300 6,992,175.56 7,824.44 7,000,000.00
03/10/99 03/17/99 7 5.0500 29,920,590.76 29,409.24 29,950,000.00
03/11/99 03/18/99 7 5.0000 8,341,881.94 8,118.06 8,350,000.00
03/12/99 03/19/99 7 5.0200 4,495,607.50 4,392.50 4,500,000.00
03/15/99 03/22/99 7 5.1300 1,598,404.00 1,596.00 1,600,000.00
03/16/99 03/19/99 3 4.9500 17,492,781.25 7,218.75 17,500,000.00
03/16/99 03/19/99 3 4.9500 1,199,505.00 495.00 1,200,000.00
03/17/99 03/23/99 6 4.9500 34,971,125.00 28,875.00 35,000,000.00
03/17/99 03/23/99 6 4.9500 799,340.00 660.00 800,000.00
03/18/99 03/24/99 6 4.9500 2,298,102.50 1,897.50 2,300,000.00
03/19/99 03/25/99 6 4.9500 19,084,242.50 15,757.50 19,100,000.00
03/22/99 03/29/99 7 5.0300 4,995,109.72 4,890.28 5,000,000.00
03/23/99 03/30/99 7 5.0300 25,674,863.97 25,136.03 25,700,000.00
03/23/99 03/24/99 1 4.9300 2,899,602.86 397.14 2,900,000.00
03/25/99 04/06/99 12 5.1500 14,974,250.00 25,750.00 15,000,000.00
03/25/99 04/06/99 12 5.1500 748,712.50 1,287.50 750,000.00
03/26/99 03/29/99 3 5.0000 4,348,187.50 1,812.50 4,350,000.00
03/29/99 04/08/99 10 5.1500 2,521,387.85 3,612.15 2,525,000.00
03/29/99 03/30/99 1 5.0000 99,986.11 13.89 100,000.00
03/30/99 04/09/99 10 5.2000 23,266,344.44 33,655.56 23,300,000.00
03/31/99 04/07/99 7 5.2000 15,684,125.56 15,874.44 15,700,000.00
---------------- ---------------- ----------------
CP TOTAL 799,901,136.37 698,863.63 800,600,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 800,226,136.37 699,335.08 800,925,471.45
================ ================ ================
AVERAGE NUMBER OF DAYS 5.99
WEIGHTED AVERAGE RATE 5.0404
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:01
<CAPTION> PAGE: 5
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 03/31/99
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 03/18/99 03/22/99 4 5.1600 650,000.00 372.67 650,372.67
---------------- ---------------- ----------------
BL TOTAL 650,000.00 372.67 650,372.67
CP 01/04/99 01/05/99 1 5.3000 15,497,718.06 2,281.94 15,500,000.00
01/05/99 01/12/99 7 5.1200 21,978,097.78 21,902.22 22,000,000.00
01/05/99 01/12/99 7 5.1200 2,297,710.22 2,289.78 2,300,000.00
01/06/99 01/13/99 7 5.0000 11,488,819.44 11,180.56 11,500,000.00
01/06/99 01/08/99 2 4.8500 4,998,652.78 1,347.22 5,000,000.00
01/06/99 01/11/99 5 5.0000 4,996,527.78 3,472.22 5,000,000.00
01/07/99 01/14/99 7 4.8500 3,496,699.31 3,300.69 3,500,000.00
01/08/99 01/19/99 11 4.8800 8,986,580.00 13,420.00 9,000,000.00
01/11/99 01/21/99 10 5.1000 1,997,166.67 2,833.33 2,000,000.00
01/12/99 01/20/99 8 5.1500 17,979,400.00 20,600.00 18,000,000.00
01/12/99 01/20/99 8 5.1500 1,548,226.11 1,773.89 1,550,000.00
01/13/99 01/22/99 9 5.1700 9,987,075.00 12,925.00 10,000,000.00
01/15/99 01/25/99 10 5.0500 2,097,054.17 2,945.83 2,100,000.00
01/19/99 01/26/99 7 4.9500 7,492,781.25 7,218.75 7,500,000.00
01/20/99 01/27/99 7 4.9000 13,786,851.67 13,148.33 13,800,000.00
01/20/99 01/27/99 7 4.9000 3,996,188.89 3,811.11 4,000,000.00
01/21/99 01/28/99 7 4.8800 1,998,102.22 1,897.78 2,000,000.00
01/21/99 02/05/99 15 4.9800 18,960,575.00 39,425.00 19,000,000.00
01/22/99 02/02/99 11 4.9000 5,991,016.67 8,983.33 6,000,000.00
01/27/99 02/03/99 7 5.1500 14,285,680.14 14,319.86 14,300,000.00
01/29/99 02/08/99 10 5.0300 7,988,822.22 11,177.78 8,000,000.00
01/29/99 02/08/99 10 5.0300 873,777.43 1,222.57 875,000.00
02/01/99 02/11/99 10 5.0000 1,897,361.11 2,638.89 1,900,000.00
02/01/99 02/12/99 11 5.0000 2,995,416.67 4,583.33 3,000,000.00
02/03/99 02/09/99 6 4.9000 7,993,466.67 6,533.33 8,000,000.00
02/05/99 02/17/99 12 5.0000 15,474,166.67 25,833.33 15,500,000.00
02/08/99 02/10/99 2 5.0000 7,997,777.78 2,222.22 8,000,000.00
02/09/99 02/11/99 2 5.0000 3,499,027.78 972.22 3,500,000.00
02/10/99 02/18/99 8 5.0000 2,097,666.67 2,333.33 2,100,000.00
02/10/99 02/18/99 8 5.0000 4,994,444.44 5,555.56 5,000,000.00
02/11/99 02/19/99 8 4.9500 3,995,600.00 4,400.00 4,000,000.00
02/11/99 02/19/99 8 4.9500 99,890.00 110.00 100,000.00
02/12/99 02/22/99 10 4.9500 6,391,200.00 8,800.00 6,400,000.00
02/16/99 02/19/99 3 5.0500 1,149,516.04 483.96 1,150,000.00
02/17/99 02/23/99 6 4.9500 7,493,812.50 6,187.50 7,500,000.00
02/18/99 02/24/99 6 4.9500 5,795,215.00 4,785.00 5,800,000.00
02/19/99 03/03/99 12 4.9500 7,886,965.00 13,035.00 7,900,000.00
02/19/99 03/03/99 12 4.9500 2,196,370.00 3,630.00 2,200,000.00
02/22/99 03/02/99 8 5.0000 7,092,111.11 7,888.89 7,100,000.00
02/23/99 02/25/99 2 5.0000 2,249,375.00 625.00 2,250,000.00
02/24/99 03/04/99 8 5.0000 4,994,444.44 5,555.56 5,000,000.00
02/25/99 03/05/99 8 5.0500 1,947,811.67 2,188.33 1,950,000.00
02/26/99 03/08/99 10 5.0300 10,110,853.12 14,146.88 10,125,000.00
02/26/99 03/08/99 10 5.0300 274,615.76 384.24 275,000.00
03/01/99 03/12/99 11 5.0000 17,972,500.00 27,500.00 18,000,000.00
03/01/99 03/12/99 11 5.0000 449,312.50 687.50 450,000.00
03/02/99 03/09/99 7 4.9800 2,497,579.17 2,420.83 2,500,000.00
03/02/99 03/09/99 7 4.9800 299,709.50 290.50 300,000.00
03/03/99 03/16/99 13 4.9700 4,691,564.81 8,435.19 4,700,000.00
03/04/99 03/11/99 7 4.9300 5,494,727.64 5,272.36 5,500,000.00
03/08/99 03/17/99 9 5.0300 12,983,652.50 16,347.50 13,000,000.00
03/10/99 03/23/99 13 5.0300 16,969,121.39 30,878.61 17,000,000.00
03/10/99 03/23/99 13 5.0300 1,098,001.97 1,998.03 1,100,000.00
03/11/99 03/18/99 7 5.0200 3,496,583.61 3,416.39 3,500,000.00
03/12/99 03/19/99 7 5.0200 16,983,406.11 16,593.89 17,000,000.00
03/15/99 03/22/99 7 5.0500 2,497,545.14 2,454.86 2,500,000.00
03/16/99 03/24/99 8 4.9800 2,497,233.33 2,766.67 2,500,000.00
03/17/99 03/25/99 8 4.9800 8,990,040.00 9,960.00 9,000,000.00
03/19/99 03/26/99 7 4.9800 13,486,927.50 13,072.50 13,500,000.00
03/22/99 03/29/99 7 5.0100 4,995,129.17 4,870.83 5,000,000.00
03/23/99 03/30/99 7 5.0000 11,488,819.44 11,180.56 11,500,000.00
03/23/99 03/30/99 7 5.0000 1,398,638.89 1,361.11 1,400,000.00
03/25/99 04/06/99 12 5.0500 5,840,152.50 9,847.50 5,850,000.00
03/26/99 04/07/99 12 5.0500 15,573,740.00 26,260.00 15,600,000.00
03/26/99 04/07/99 12 5.0500 549,074.17 925.83 550,000.00
03/29/99 04/08/99 10 5.1000 3,495,041.67 4,958.33 3,500,000.00
03/30/99 04/08/99 9 5.1000 9,188,270.00 11,730.00 9,200,000.00
03/31/99 04/05/99 5 5.1500 10,992,131.94 7,868.06 11,000,000.00
---------------- ---------------- ----------------
CP TOTAL 465,279,533.19 545,466.81 465,825,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 465,929,533.19 545,839.48 466,475,372.67
================ ================ ================
AVERAGE NUMBER OF DAYS 8.16
WEIGHTED AVERAGE RATE 5.0251
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:01
<CAPTION> PAGE: 6
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 03/31/99
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 03/26/99 04/09/99 14 5.3300 475,000.00 984.57 475,984.57
03/29/99 04/09/99 11 5.3800 250,000.00 410.97 250,410.97
---------------- ---------------- ----------------
BL TOTAL 725,000.00 1,395.54 726,395.54
CP 01/04/99 01/05/99 1 5.3000 40,394,052.22 5,947.78 40,400,000.00
01/05/99 01/06/99 1 5.0300 927,870.34 129.66 928,000.00
01/05/99 01/11/99 6 5.0700 4,296,366.50 3,633.50 4,300,000.00
01/05/99 01/12/99 7 5.1000 19,752,392.77 19,607.23 19,772,000.00
01/05/99 01/15/99 10 5.1200 23,766,151.11 33,848.89 23,800,000.00
01/05/99 01/19/99 14 5.1500 44,909,875.00 90,125.00 45,000,000.00
01/06/99 01/07/99 1 4.8000 6,499,133.33 866.67 6,500,000.00
01/06/99 01/13/99 7 4.9500 15,485,081.25 14,918.75 15,500,000.00
01/07/99 01/08/99 1 4.7500 199,973.61 26.39 200,000.00
01/07/99 01/08/99 1 4.7500 4,999,340.28 659.72 5,000,000.00
01/07/99 01/08/99 1 4.7500 499,934.03 65.97 500,000.00
01/08/99 01/11/99 3 4.8000 3,223,710.00 1,290.00 3,225,000.00
01/08/99 01/20/99 12 4.9500 2,121,493.75 3,506.25 2,125,000.00
01/11/99 01/20/99 9 5.2000 14,980,500.00 19,500.00 15,000,000.00
01/12/99 01/20/99 8 5.2500 16,206,070.83 18,929.17 16,225,000.00
01/13/99 01/21/99 8 5.2000 8,989,600.00 10,400.00 9,000,000.00
01/15/99 01/22/99 7 5.1000 18,981,158.33 18,841.67 19,000,000.00
01/19/99 01/25/99 6 5.0000 13,593,662.50 11,337.50 13,605,000.00
01/19/99 01/25/99 6 4.9500 15,607,113.50 12,886.50 15,620,000.00
01/20/99 01/26/99 6 4.9000 23,910,457.17 19,542.83 23,930,000.00
01/20/99 01/27/99 7 4.9000 4,066,122.19 3,877.81 4,070,000.00
01/21/99 01/28/99 7 4.9000 5,894,378.61 5,621.39 5,900,000.00
01/22/99 02/02/99 11 5.0000 13,379,527.78 20,472.22 13,400,000.00
01/25/99 02/08/99 14 5.0500 24,950,902.78 49,097.22 25,000,000.00
01/25/99 01/26/99 1 5.0000 8,698,791.67 1,208.33 8,700,000.00
01/26/99 02/16/99 21 5.0900 10,723,066.61 31,933.39 10,755,000.00
01/26/99 01/27/99 1 5.0700 15,942,754.41 2,245.59 15,945,000.00
01/27/99 02/03/99 7 5.1000 17,182,943.33 17,056.67 17,200,000.00
01/27/99 01/28/99 1 5.0500 399,943.89 56.11 400,000.00
01/28/99 02/04/99 7 5.1200 2,047,959.11 2,040.89 2,050,000.00
01/29/99 02/05/99 7 5.1000 9,990,083.33 9,916.67 10,000,000.00
01/29/99 02/05/99 7 5.1000 2,697,322.50 2,677.50 2,700,000.00
02/01/99 02/09/99 8 5.0500 10,488,216.67 11,783.33 10,500,000.00
02/02/99 02/10/99 8 5.0300 9,988,822.22 11,177.78 10,000,000.00
02/02/99 02/10/99 8 5.0300 2,597,093.78 2,906.22 2,600,000.00
02/03/99 02/12/99 9 4.9500 13,083,788.75 16,211.25 13,100,000.00
02/03/99 02/12/99 9 4.9500 848,948.12 1,051.88 850,000.00
02/04/99 02/11/99 7 4.9500 1,298,748.75 1,251.25 1,300,000.00
02/05/99 02/16/99 11 5.0000 2,196,638.89 3,361.11 2,200,000.00
02/05/99 02/16/99 11 5.0000 1,752,318.75 2,681.25 1,755,000.00
02/05/99 02/16/99 11 5.0000 10,179,424.31 15,575.69 10,195,000.00
02/08/99 02/17/99 9 5.0500 12,918,669.56 16,330.44 12,935,000.00
02/08/99 02/09/99 1 5.0500 12,063,307.55 1,692.45 12,065,000.00
02/09/99 02/16/99 7 5.0500 18,182,128.61 17,871.39 18,200,000.00
02/10/99 02/17/99 7 5.0500 10,739,444.10 10,555.90 10,750,000.00
02/12/99 02/16/99 4 4.9700 12,992,821.11 7,178.89 13,000,000.00
02/16/99 02/17/99 1 5.1300 9,998,575.00 1,425.00 10,000,000.00
02/16/99 02/17/99 1 5.1300 49,992,875.00 7,125.00 50,000,000.00
02/16/99 02/17/99 1 5.1300 3,399,515.50 484.50 3,400,000.00
02/17/99 02/18/99 1 4.9500 24,996,562.50 3,437.50 25,000,000.00
02/17/99 02/19/99 2 4.9500 24,993,125.00 6,875.00 25,000,000.00
02/17/99 02/23/99 6 5.0000 22,481,250.00 18,750.00 22,500,000.00
02/17/99 02/23/99 6 5.0000 3,696,916.67 3,083.33 3,700,000.00
02/18/99 02/22/99 4 4.9700 24,586,415.33 13,584.67 24,600,000.00
02/18/99 02/22/99 4 4.9700 2,023,881.75 1,118.25 2,025,000.00
02/19/99 02/25/99 6 4.9700 14,687,823.50 12,176.50 14,700,000.00
02/19/99 02/22/99 3 4.9000 499,795.83 204.17 500,000.00
02/22/99 03/03/99 9 5.1000 11,655,120.75 14,879.25 11,670,000.00
02/22/99 02/23/99 1 4.9500 16,052,792.44 2,207.56 16,055,000.00
02/23/99 02/24/99 1 4.9000 41,594,337.78 5,662.22 41,600,000.00
02/24/99 03/05/99 9 5.1200 5,003,587.20 6,412.80 5,010,000.00
02/24/99 03/05/99 9 5.1200 3,875,033.60 4,966.40 3,880,000.00
02/24/99 02/25/99 1 4.9500 29,130,993.94 4,006.06 29,135,000.00
02/25/99 03/02/99 5 5.1500 41,570,244.44 29,755.56 41,600,000.00
02/25/99 03/02/99 5 5.1500 449,678.12 321.88 450,000.00
02/26/99 03/08/99 10 5.1000 18,723,437.50 26,562.50 18,750,000.00
02/26/99 03/01/99 3 5.1200 1,049,552.00 448.00 1,050,000.00
03/01/99 03/09/99 8 5.1300 11,486,890.00 13,110.00 11,500,000.00
03/01/99 03/02/99 1 5.2500 999,854.17 145.83 1,000,000.00
03/02/99 03/16/99 14 5.1100 32,038,206.19 63,793.81 32,102,000.00
03/02/99 03/03/99 1 5.0500 8,696,779.86 1,220.14 8,698,000.00
03/03/99 03/04/99 1 4.9800 17,697,551.50 2,448.50 17,700,000.00
03/03/99 03/11/99 8 5.0800 2,222,488.22 2,511.78 2,225,000.00
03/04/99 03/12/99 8 5.0000 16,481,666.67 18,333.33 16,500,000.00
03/04/99 03/12/99 8 5.0000 524,416.67 583.33 525,000.00
03/05/99 03/18/99 13 5.0500 8,484,499.31 15,500.69 8,500,000.00
03/05/99 03/18/99 13 5.0500 1,497,264.58 2,735.42 1,500,000.00
03/08/99 03/17/99 9 5.0800 20,973,330.00 26,670.00 21,000,000.00
03/09/99 03/19/99 10 5.0500 4,992,986.11 7,013.89 5,000,000.00
03/09/99 03/10/99 1 5.0000 5,324,260.42 739.58 5,325,000.00
03/10/99 03/11/99 1 4.9800 33,795,324.33 4,675.67 33,800,000.00
03/11/99 03/23/99 12 5.0700 19,836,419.70 33,580.30 19,870,000.00
03/11/99 03/12/99 1 4.9500 15,827,823.37 2,176.63 15,830,000.00
03/12/99 03/15/99 3 4.9300 14,993,837.50 6,162.50 15,000,000.00
03/12/99 03/29/99 17 5.0700 14,964,087.50 35,912.50 15,000,000.00
03/15/99 03/24/99 9 5.1100 11,485,308.75 14,691.25 11,500,000.00
03/16/99 03/25/99 9 5.0000 19,975,000.00 25,000.00 20,000,000.00
03/16/99 03/25/99 9 5.0000 4,594,250.00 5,750.00 4,600,000.00
03/17/99 03/26/99 9 5.0400 9,987,400.00 12,600.00 10,000,000.00
03/17/99 03/18/99 1 4.9700 4,799,337.33 662.67 4,800,000.00
03/18/99 03/30/99 12 5.0500 5,485,750.08 9,249.92 5,495,000.00
03/18/99 03/19/99 1 4.9300 5,504,246.12 753.88 5,505,000.00
03/19/99 03/30/99 11 5.0500 3,993,827.78 6,172.22 4,000,000.00
03/19/99 03/30/99 11 5.0500 923,572.67 1,427.33 925,000.00
03/22/99 04/05/99 14 5.1700 8,981,905.00 18,095.00 9,000,000.00
03/23/99 04/06/99 14 5.1500 11,496,928.00 23,072.00 11,520,000.00
03/23/99 03/24/99 1 4.9300 4,979,318.02 681.98 4,980,000.00
03/24/99 04/08/99 15 5.1500 3,991,416.67 8,583.33 4,000,000.00
03/24/99 03/25/99 1 5.0000 10,398,555.56 1,444.44 10,400,000.00
03/25/99 03/26/99 1 5.0000 36,544,923.61 5,076.39 36,550,000.00
03/26/99 04/06/99 11 5.1600 2,995,270.00 4,730.00 3,000,000.00
03/26/99 04/09/99 14 5.1600 20,957,860.00 42,140.00 21,000,000.00
03/26/99 04/01/99 6 5.1600 23,479,790.00 20,210.00 23,500,000.00
03/29/99 04/12/99 14 5.1800 15,967,768.89 32,231.11 16,000,000.00
03/30/99 03/31/99 1 5.0000 10,698,513.89 1,486.11 10,700,000.00
03/31/99 04/13/99 13 5.1500 20,960,945.83 39,054.17 21,000,000.00
03/31/99 04/01/99 1 5.2700 549,919.49 80.51 550,000.00
---------------- ---------------- ----------------
CP TOTAL 1,334,699,111.54 1,225,888.46 1,335,925,000.00
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 1,335,424,111.54 1,227,284.00 1,336,651,395.54
================ ================ ================
AVERAGE NUMBER OF DAYS 6.75
WEIGHTED AVERAGE RATE 5.0531
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:01
<CAPTION> PAGE: 7
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 03/31/99
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 02/02/99 02/04/99 2 5.0021 200,000.00 55.58 200,055.58
02/10/99 02/11/99 1 5.1289 550,000.00 78.36 550,078.36
02/18/99 02/19/99 1 5.0021 800,000.00 111.16 800,111.16
02/25/99 03/02/99 5 5.3900 875,000.00 655.03 875,655.03
03/15/99 03/18/99 3 5.2600 225,000.00 98.63 225,098.63
03/19/99 03/23/99 4 5.2125 850,000.00 492.29 850,492.29
03/29/99 04/07/99 9 5.3490 450,000.00 601.76 450,601.76
---------------- ---------------- ----------------
BL TOTAL 3,950,000.00 2,092.81 3,952,092.81
CP 01/05/99 01/13/99 8 5.1700 4,994,255.56 5,744.44 5,000,000.00
01/06/99 01/12/99 6 4.8800 2,597,885.33 2,114.67 2,600,000.00
01/07/99 01/19/99 12 4.9500 2,107,516.85 3,483.15 2,111,000.00
01/07/99 01/19/99 12 4.9500 2,584,728.15 4,271.85 2,589,000.00
01/08/99 01/20/99 12 4.9000 8,486,116.67 13,883.33 8,500,000.00
01/12/99 01/22/99 10 5.1500 1,497,854.17 2,145.83 1,500,000.00
01/12/99 01/22/99 10 5.1500 399,427.78 572.22 400,000.00
01/13/99 01/29/99 16 5.1200 3,492,035.56 7,964.44 3,500,000.00
01/19/99 02/03/99 15 5.0300 2,494,760.42 5,239.58 2,500,000.00
01/20/99 02/05/99 16 4.9700 4,789,397.33 10,602.67 4,800,000.00
01/22/99 01/27/99 5 4.8700 1,149,222.15 777.85 1,150,000.00
01/25/99 02/09/99 15 5.0000 5,987,500.00 12,500.00 6,000,000.00
02/01/99 02/02/99 1 5.0000 2,099,708.33 291.67 2,100,000.00
02/03/99 02/04/99 1 4.7800 2,099,721.17 278.83 2,100,000.00
02/04/99 02/08/99 4 4.9000 1,774,033.61 966.39 1,775,000.00
02/05/99 02/12/99 7 4.9500 448,567.84 432.16 449,000.00
02/05/99 02/12/99 7 4.9500 3,772,365.60 3,634.40 3,776,000.00
02/08/99 02/10/99 2 4.9800 999,723.33 276.67 1,000,000.00
02/09/99 02/17/99 8 5.0300 4,494,970.00 5,030.00 4,500,000.00
02/12/99 02/16/99 4 4.8000 3,473,146.67 1,853.33 3,475,000.00
02/16/99 02/19/99 3 5.0800 1,999,153.33 846.67 2,000,000.00
02/17/99 02/18/99 1 4.9000 999,863.89 136.11 1,000,000.00
02/19/99 02/22/99 3 4.8000 3,998,400.00 1,600.00 4,000,000.00
02/22/99 02/23/99 1 4.9700 8,473,829.98 1,170.02 8,475,000.00
02/23/99 02/24/99 1 4.8700 7,099,039.53 960.47 7,100,000.00
02/24/99 02/26/99 2 5.0000 6,598,166.67 1,833.33 6,600,000.00
02/26/99 03/03/99 5 5.0500 5,895,861.81 4,138.19 5,900,000.00
03/01/99 03/05/99 4 5.1200 2,423,620.44 1,379.56 2,425,000.00
03/03/99 03/09/99 6 5.0000 5,195,666.67 4,333.33 5,200,000.00
03/03/99 03/09/99 6 5.0000 149,875.00 125.00 150,000.00
03/05/99 03/12/99 7 4.9500 1,898,171.25 1,828.75 1,900,000.00
03/09/99 03/16/99 7 5.0200 3,196,876.44 3,123.56 3,200,000.00
03/09/99 03/16/99 7 5.0200 399,609.56 390.44 400,000.00
03/10/99 03/17/99 7 5.0400 6,493,630.00 6,370.00 6,500,000.00
03/12/99 03/19/99 7 5.0400 1,998,040.00 1,960.00 2,000,000.00
03/17/99 03/24/99 7 5.0000 5,694,458.33 5,541.67 5,700,000.00
03/22/99 03/31/99 9 4.9800 6,991,285.00 8,715.00 7,000,000.00
03/24/99 03/26/99 2 5.0000 4,998,611.11 1,388.89 5,000,000.00
03/26/99 04/06/99 11 5.0800 4,992,238.89 7,761.11 5,000,000.00
03/26/99 04/06/99 11 5.0800 149,767.17 232.83 150,000.00
03/31/99 04/06/99 6 5.1500 6,244,635.42 5,364.58 6,250,000.00
03/31/99 04/06/99 6 5.1500 99,914.17 85.83 100,000.00
---------------- ---------------- ----------------
CP TOTAL 145,733,651.18 141,348.82 145,875,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 149,683,651.18 143,441.63 149,827,092.81
================ ================ ================
AVERAGE NUMBER OF DAYS 6.43
WEIGHTED AVERAGE RATE 4.9968
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:01
<CAPTION> PAGE: 8
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 03/31/99
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 01/07/99 01/12/99 5 5.1900 3,150,000.00 2,270.63 3,152,270.63
01/12/99 01/13/99 1 5.2500 2,750,000.00 401.04 2,750,401.04
01/13/99 01/15/99 2 5.1875 2,000,000.00 576.39 2,000,576.39
01/15/99 01/20/99 5 5.1700 1,525,000.00 1,095.03 1,526,095.03
01/20/99 01/22/99 2 5.1300 400,000.00 114.00 400,114.00
01/22/99 01/26/99 4 5.3200 750,000.00 443.33 750,443.33
01/28/99 02/03/99 6 5.1600 4,875,000.00 4,192.50 4,879,192.50
02/03/99 02/05/99 2 4.8800 4,025,000.00 1,091.22 4,026,091.22
02/05/99 02/10/99 5 5.1200 2,975,000.00 2,115.56 2,977,115.56
02/10/99 02/12/99 2 5.2200 1,200,000.00 348.00 1,200,348.00
02/12/99 02/17/99 5 5.1700 875,000.00 628.30 875,628.30
02/22/99 02/25/99 3 5.3800 4,950,000.00 2,219.25 4,952,219.25
02/24/99 03/05/99 9 5.1400 5,100,000.00 6,553.50 5,106,553.50
03/05/99 03/09/99 4 5.0000 4,075,000.00 2,263.89 4,077,263.89
03/09/99 03/12/99 3 5.1250 3,325,000.00 1,420.05 3,326,420.05
03/12/99 03/17/99 5 5.1250 2,975,000.00 2,117.62 2,977,117.62
03/17/99 03/19/99 2 5.1500 750,000.00 214.58 750,214.58
03/19/99 03/23/99 4 5.2125 625,000.00 361.98 625,361.98
03/23/99 03/26/99 3 5.4400 275,000.00 124.67 275,124.67
03/29/99 03/31/99 2 5.1875 4,825,000.00 1,390.54 4,826,390.54
03/31/99 04/06/99 6 5.1800 4,525,000.00 3,906.58 4,528,906.58
---------------- ---------------- ----------------
BL TOTAL 55,950,000.00 33,848.66 55,983,848.66
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 55,950,000.00 33,848.66 55,983,848.66
================ ================ ================
AVERAGE NUMBER OF DAYS 3.81
WEIGHTED AVERAGE RATE 5.1563
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:01
<CAPTION> PAGE: 9
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 03/31/99
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 01/04/99 01/12/99 8 5.3100 1,300,000.00 1,534.00 1,301,534.00
01/19/99 01/20/99 1 4.6867 25,000,000.00 3,254.65 25,003,254.65
01/19/99 01/20/99 1 5.3000 10,000,000.00 1,472.22 10,001,472.22
01/28/99 01/29/99 1 5.4500 5,000,000.00 756.94 5,000,756.94
02/17/99 02/18/99 1 5.0000 8,250,000.00 1,145.83 8,251,145.83
02/23/99 02/24/99 1 5.2500 16,000,000.00 2,333.33 16,002,333.33
03/16/99 03/23/99 7 5.3500 20,000,000.00 20,805.56 20,020,805.56
03/16/99 03/23/99 7 5.3500 20,000,000.00 20,805.56 20,020,805.56
---------------- ---------------- ----------------
BL TOTAL 105,550,000.00 52,108.09 105,602,108.09
CP 01/04/99 01/12/99 8 5.2200 38,255,572.00 44,428.00 38,300,000.00
01/04/99 01/11/99 7 5.2200 2,197,767.00 2,233.00 2,200,000.00
01/05/99 03/31/99 85 5.1700 6,000,842.81 74,157.19 6,075,000.00
01/05/99 01/06/99 1 5.0300 26,846,248.46 3,751.54 26,850,000.00
01/05/99 01/11/99 6 5.0800 2,997,460.00 2,540.00 3,000,000.00
01/05/99 01/12/99 7 5.1000 2,057,957.17 2,042.83 2,060,000.00
01/05/99 01/13/99 8 5.1000 19,917,401.33 22,598.67 19,940,000.00
01/05/99 01/19/99 14 5.1500 31,935,911.11 64,088.89 32,000,000.00
01/06/99 01/07/99 1 4.7800 13,123,257.29 1,742.71 13,125,000.00
01/06/99 01/08/99 2 4.8500 13,671,315.35 3,684.65 13,675,000.00
01/07/99 01/19/99 12 4.9000 3,873,662.67 6,337.33 3,880,000.00
01/07/99 01/14/99 7 4.8000 8,437,118.00 7,882.00 8,445,000.00
01/08/99 01/19/99 11 4.8800 15,476,887.78 23,112.22 15,500,000.00
01/11/99 01/19/99 8 5.2000 16,980,355.56 19,644.44 17,000,000.00
01/12/99 01/19/99 7 5.2000 36,962,588.89 37,411.11 37,000,000.00
01/12/99 01/19/99 7 5.2000 3,096,865.56 3,134.44 3,100,000.00
01/13/99 01/15/99 2 5.1600 14,995,700.00 4,300.00 15,000,000.00
01/14/99 01/15/99 1 4.9000 4,399,401.11 598.89 4,400,000.00
01/15/99 01/21/99 6 5.0500 24,369,471.75 20,528.25 24,390,000.00
01/15/99 01/22/99 7 5.0800 6,103,964.68 6,035.32 6,110,000.00
01/19/99 01/22/99 3 4.9700 19,991,716.67 8,283.33 20,000,000.00
01/20/99 01/25/99 5 4.8800 24,983,055.56 16,944.44 25,000,000.00
01/20/99 01/25/99 5 4.8800 25,182,920.00 17,080.00 25,200,000.00
01/21/99 01/28/99 7 4.9000 18,981,897.22 18,102.78 19,000,000.00
01/22/99 01/29/99 7 4.8700 24,676,610.47 23,389.53 24,700,000.00
01/25/99 01/26/99 1 4.9500 24,996,562.50 3,437.50 25,000,000.00
01/25/99 02/03/99 9 5.0200 18,311,989.57 23,010.43 18,335,000.00
01/25/99 02/08/99 14 5.0500 5,988,216.67 11,783.33 6,000,000.00
01/25/99 01/26/99 1 4.9800 7,663,939.67 1,060.33 7,665,000.00
01/26/99 01/27/99 1 5.0700 30,995,634.17 4,365.83 31,000,000.00
01/27/99 02/05/99 9 5.0700 18,975,917.50 24,082.50 19,000,000.00
01/27/99 01/28/99 1 5.0500 2,399,663.33 336.67 2,400,000.00
01/28/99 01/29/99 1 5.0000 16,497,708.33 2,291.67 16,500,000.00
01/29/99 02/02/99 4 5.0200 24,986,055.56 13,944.44 25,000,000.00
01/29/99 02/09/99 11 5.0300 12,475,795.88 19,204.12 12,495,000.00
01/29/99 02/01/99 3 5.0500 2,104,114.15 885.85 2,105,000.00
02/01/99 02/10/99 9 5.0300 14,381,892.00 18,108.00 14,400,000.00
02/02/99 02/12/99 10 5.0000 20,396,631.94 28,368.06 20,425,000.00
02/03/99 02/16/99 13 4.9500 16,470,506.25 29,493.75 16,500,000.00
02/03/99 02/16/99 13 4.9500 1,048,123.12 1,876.88 1,050,000.00
02/04/99 02/11/99 7 4.9500 4,096,053.75 3,946.25 4,100,000.00
02/05/99 02/16/99 11 4.9800 17,473,370.83 26,629.17 17,500,000.00
02/05/99 02/16/99 11 4.9800 748,858.75 1,141.25 750,000.00
02/08/99 02/16/99 8 5.1000 2,497,166.67 2,833.33 2,500,000.00
02/09/99 02/16/99 7 5.0500 5,494,599.31 5,400.69 5,500,000.00
02/09/99 02/16/99 7 5.0500 599,410.83 589.17 600,000.00
02/10/99 02/16/99 6 5.0000 14,987,500.00 12,500.00 15,000,000.00
02/10/99 02/11/99 1 5.0000 1,299,819.44 180.56 1,300,000.00
02/11/99 02/16/99 5 4.9500 2,997,937.50 2,062.50 3,000,000.00
02/12/99 02/16/99 4 4.8400 24,486,824.44 13,175.56 24,500,000.00
02/16/99 02/17/99 1 5.1300 39,994,300.00 5,700.00 40,000,000.00
02/17/99 02/18/99 1 4.9400 13,498,147.50 1,852.50 13,500,000.00
02/18/99 02/19/99 1 4.9000 23,996,733.33 3,266.67 24,000,000.00
02/19/99 02/23/99 4 4.9500 24,986,250.00 13,750.00 25,000,000.00
02/19/99 02/22/99 3 4.9000 24,989,791.67 10,208.33 25,000,000.00
02/19/99 02/24/99 5 4.9700 19,786,332.50 13,667.50 19,800,000.00
02/22/99 02/25/99 3 5.0300 16,992,874.17 7,125.83 17,000,000.00
02/22/99 02/25/99 3 5.0300 2,998,742.50 1,257.50 3,000,000.00
02/24/99 02/26/99 2 5.0300 22,393,740.44 6,259.56 22,400,000.00
02/24/99 02/26/99 2 5.0200 2,099,414.33 585.67 2,100,000.00
02/25/99 03/01/99 4 5.1000 22,487,250.00 12,750.00 22,500,000.00
02/25/99 03/01/99 4 5.1000 2,398,640.00 1,360.00 2,400,000.00
02/26/99 03/02/99 4 5.1200 19,988,622.22 11,377.78 20,000,000.00
02/26/99 03/02/99 4 5.1200 3,198,179.56 1,820.44 3,200,000.00
03/01/99 03/05/99 4 5.1100 19,988,644.44 11,355.56 20,000,000.00
03/01/99 03/08/99 7 5.1100 39,960,255.56 39,744.44 40,000,000.00
03/01/99 03/03/99 2 5.1500 534,846.93 153.07 535,000.00
03/01/99 03/02/99 1 5.2500 1,764,742.60 257.40 1,765,000.00
03/02/99 03/03/99 1 5.0500 18,997,334.72 2,665.28 19,000,000.00
03/03/99 03/04/99 1 4.9700 17,997,515.00 2,485.00 18,000,000.00
03/03/99 03/04/99 1 4.9700 899,875.75 124.25 900,000.00
03/04/99 03/12/99 8 5.0000 17,980,000.00 20,000.00 18,000,000.00
03/04/99 03/12/99 8 5.0000 1,348,500.00 1,500.00 1,350,000.00
03/05/99 03/16/99 11 5.0500 20,468,367.36 31,632.64 20,500,000.00
03/05/99 03/08/99 3 4.9000 1,799,265.00 735.00 1,800,000.00
03/08/99 03/09/99 1 5.0000 24,996,527.78 3,472.22 25,000,000.00
03/08/99 03/16/99 8 5.0300 24,972,055.56 27,944.44 25,000,000.00
03/08/99 03/09/99 1 5.0000 4,499,375.00 625.00 4,500,000.00
03/09/99 03/16/99 7 5.0000 23,163,458.06 22,541.94 23,186,000.00
03/09/99 03/10/99 1 4.9800 6,113,154.23 845.77 6,114,000.00
03/10/99 03/16/99 6 5.0500 16,301,268.21 13,731.79 16,315,000.00
03/10/99 03/11/99 1 5.0000 1,549,784.72 215.28 1,550,000.00
03/10/99 03/11/99 1 4.9800 45,678,680.24 6,319.76 45,685,000.00
03/11/99 03/17/99 6 5.0200 49,958,166.67 41,833.33 50,000,000.00
03/11/99 03/17/99 6 5.0200 1,398,828.67 1,171.33 1,400,000.00
03/11/99 03/12/99 1 4.9400 5,199,286.44 713.56 5,200,000.00
03/12/99 03/18/99 6 4.9800 25,978,420.00 21,580.00 26,000,000.00
03/12/99 03/15/99 3 4.9300 1,024,578.90 421.10 1,025,000.00
03/15/99 03/22/99 7 5.0500 7,942,193.54 7,806.46 7,950,000.00
03/16/99 03/17/99 1 4.9000 34,995,236.11 4,763.89 35,000,000.00
03/17/99 03/18/99 1 4.9300 49,993,152.78 6,847.22 50,000,000.00
03/17/99 03/24/99 7 4.9700 22,977,773.06 22,226.94 23,000,000.00
03/18/99 03/19/99 1 4.9000 49,993,194.44 6,805.56 50,000,000.00
03/18/99 03/25/99 7 4.9700 10,989,369.72 10,630.28 11,000,000.00
03/18/99 03/19/99 1 4.9000 349,952.36 47.64 350,000.00
03/19/99 03/29/99 10 4.9600 49,931,111.11 68,888.89 50,000,000.00
03/19/99 03/29/99 10 4.9600 9,311,153.60 12,846.40 9,324,000.00
03/19/99 03/22/99 3 4.9200 27,664,652.84 11,347.16 27,676,000.00
03/22/99 03/30/99 8 5.0400 44,258,375.04 49,624.96 44,308,000.00
03/22/99 03/23/99 1 5.0000 5,691,209.44 790.56 5,692,000.00
03/23/99 03/31/99 8 4.9700 32,264,326.44 35,673.56 32,300,000.00
03/24/99 03/26/99 2 5.0000 9,997,222.22 2,777.78 10,000,000.00
03/24/99 03/25/99 1 5.0000 1,349,812.50 187.50 1,350,000.00
03/25/99 04/05/99 11 5.1200 8,985,920.00 14,080.00 9,000,000.00
03/25/99 03/26/99 1 5.0000 5,599,222.22 777.78 5,600,000.00
03/26/99 04/01/99 6 5.1400 18,983,723.33 16,276.67 19,000,000.00
03/26/99 04/05/99 10 5.1400 8,662,614.03 12,385.97 8,675,000.00
03/29/99 04/13/99 15 5.1700 30,933,220.83 66,779.17 31,000,000.00
03/29/99 04/16/99 18 5.1700 24,935,375.00 64,625.00 25,000,000.00
03/29/99 03/30/99 1 5.0600 1,774,750.51 249.49 1,775,000.00
03/30/99 04/16/99 17 5.1400 38,406,551.94 93,448.06 38,500,000.00
03/30/99 04/12/99 13 5.1400 6,388,120.89 11,879.11 6,400,000.00
03/30/99 04/14/99 15 5.1400 5,288,649.17 11,350.83 5,300,000.00
03/31/99 04/06/99 6 5.2500 49,956,250.00 43,750.00 50,000,000.00
03/31/99 04/06/99 6 5.2500 25,477,687.50 22,312.50 25,500,000.00
03/31/99 04/01/99 1 5.2700 1,324,806.03 193.97 1,325,000.00
---------------- ---------------- ----------------
CP TOTAL 1,894,697,817.31 1,627,182.69 1,896,325,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 2,000,247,817.31 1,679,290.78 2,001,927,108.09
================ ================ ================
AVERAGE NUMBER OF DAYS 6.06
WEIGHTED AVERAGE RATE 5.0326
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 04/07/99
CASH MANAGEMENT SYSTEM TIME: 08:41:02
<CAPTION> PAGE: 10
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 03/31/99
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 01/04/99 01/05/99 1 5.8300 175,000.00 28.34 175,028.34
01/07/99 01/15/99 8 5.1900 3,625,000.00 4,180.83 3,629,180.83
01/08/99 01/13/99 5 5.4400 1,025,000.00 774.44 1,025,774.44
01/13/99 01/20/99 7 5.5000 650,000.00 695.14 650,695.14
01/15/99 01/22/99 7 5.1700 3,300,000.00 3,317.42 3,303,317.42
01/22/99 01/26/99 4 5.1700 1,550,000.00 890.39 1,550,890.39
01/27/99 01/29/99 2 5.0922 4,150,000.00 1,174.04 4,151,174.04
01/29/99 02/03/99 5 5.2600 4,025,000.00 2,940.49 4,027,940.49
02/01/99 02/02/99 1 5.1289 175,000.00 24.93 175,024.93
02/03/99 02/05/99 2 5.0000 4,025,000.00 1,118.06 4,026,118.06
02/05/99 02/10/99 5 5.2300 3,875,000.00 2,814.76 3,877,814.76
02/10/99 02/12/99 2 5.2000 3,725,000.00 1,076.11 3,726,076.11
02/12/99 02/17/99 5 5.1700 3,500,000.00 2,513.19 3,502,513.19
02/17/99 02/19/99 2 5.1300 725,000.00 206.63 725,206.63
02/19/99 02/23/99 4 5.0800 350,000.00 197.56 350,197.56
02/24/99 02/26/99 2 5.2800 3,600,000.00 1,056.00 3,601,056.00
02/26/99 03/05/99 7 5.2800 3,300,000.00 3,388.00 3,303,388.00
03/01/99 03/03/99 2 5.3190 225,000.00 66.49 225,066.49
03/02/99 03/04/99 2 5.3000 125,000.00 36.81 125,036.81
03/03/99 03/08/99 5 5.2222 250,000.00 181.33 250,181.33
03/05/99 03/12/99 7 5.1100 3,125,000.00 3,105.03 3,128,105.03
03/12/99 03/17/99 5 5.1250 3,100,000.00 2,206.60 3,102,206.60
03/17/99 03/19/99 2 5.0000 1,600,000.00 444.44 1,600,444.44
03/19/99 03/23/99 4 5.0625 1,100,000.00 618.75 1,100,618.75
03/24/99 03/26/99 2 5.3000 3,850,000.00 1,133.61 3,851,133.61
03/26/99 03/31/99 5 5.4000 2,950,000.00 2,212.50 2,952,212.50
03/31/99 04/07/99 7 5.3500 2,700,000.00 2,808.75 2,702,808.75
---------------- ---------------- ----------------
BL TOTAL 60,800,000.00 39,210.64 60,839,210.64
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 60,800,000.00 39,210.64 60,839,210.64
================ ================ ================
AVERAGE NUMBER OF DAYS 4.07
WEIGHTED AVERAGE RATE 5.2042
</TABLE>
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