UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
_____________________________________________
:
In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. : CERTIFICATE OF
1 Riverside Plaza : NOTIFICATION
Columbus, Ohio 43215 : NO. 16
:
(70-8429) :
:
(Public Utility Holding Company Act of 1935) :
_____________________________________________:
THIS IS TO CERTIFY THAT AMERICAN ELECTRIC POWER COMPANY,
INC. ("American"), in accordance with the terms and conditions
of, and for the purposes represented by, the Application -
Declaration herein and the Order of the Securities and Exchange
Commission with respect thereto, dated December 22, 1994, HCAR
No. 35-26200 (the "Order"), has carried out the transactions set
forth below:
1. During the calendar quarter ended December 31, 1998,
American guaranteed the bank loans to AEP Resources, Inc.
("Resources") listed on Exhibits A and B attached hereto.
(a) During the calendar quarter ended December 31,
1998, Resources made $7,928,000.00 in capital contributions to
AEP Resources Delaware, Inc. as follows:
(i) $2,688,000.00 on October 29, 1998
(ii) $2,404,000.00 on November 25, 1998
(iii) $ 999,000.00 on December 28, 1998
(iv) $1,837,000.00 on December 28, 1998
(b) Resources made $4,633,766.33 in capital
contributions to AEP Resources International, Limited ("AEPRIL")
as follows:
(i) $ 11,186.01 on October 28, 1998
(ii) $1,390,950.00 on October 29, 1998
(iii) $1,257,000.00 on November 25, 1998
(iv) $ 49,630.00 on November 30, 1998
(v) $ 32.362.00 on December 9, 1998
(vi) $ 1,000.00 on December 21, 1998
(vii) $ 37,749.32 on December 28, 1998
(viii) $1,256,000.00 on December 28, 1998
(ix) $ 597,889.00 on December 31, 1998
(c) Resources also made $14,162.99 in capital
contributions to AEP Resources Project Management Company, Ltd.
("AEPPMC") as follows:
(i) $ 14,050.00 on October 29, 1998
(ii) $ 112.99 on October 30, 1998
AEP Resources Delaware, Inc., AEPRIL and AEPPMC are Project
Parents for Nanyang General Light Electric Co. Ltd., a foreign
utility company.
(d) On December 31, 1998 Resources made $9,202,350.00
in capital contributions to AEP Resources Citipower I Pty Ltd.
AEP Resources CitiPower I Pty Ltd. is a Project Parent for
Citipower Pty, a foreign utility company.
2. During the calendar quarter ended December 31, 1998,
Resources made $6,264.88 in capital contributions to AEPR Global
Ventures B.V. AEPR Global Ventures B.V. is a Project Parent,
formed to bid on an interest in Loy Yang Power, which would have
been a foreign utility company.
3. American's total investments for the year-to-date is
$403,550,098.00.
This Certificate of Notification is filed pursuant to the
Commission's Order in this proceeding.
AMERICAN ELECTRIC POWER COMPANY, INC.
By: /s/ Henry W. Fayne
Vice President
March 3, 1999
Exhibit A
AMERICAN ELECTRIC POWER SERVICE CORPORATION
CASH MANAGEMENT SYSTEM
QUARTERLY SHORT-TERM DEBT REPORT
AEP RESOURCES, INC.
<TABLE>
<CAPTION>
Issue Maturity Interest Principal Maturity
Date Date Days Rate % Borrowed Interest Value
S> <C> <C> <C> <C> <C> <C
<PAGE>
10/06/98 10/21/98 15 5.6400 $ 250,000.00 $ 587.50 $ 250,587.50
10/09/98 10/21/98 12 5.5200 500,000.00 920.00 500,920.00
10/19/98 10/30/98 11 5.5224 18,200,000.00 30,710.68 18,230,710.68
10/19/98 10/30/98 11 5.4200 5,000,000.00 8,280.56 5,008,280.56
10/19/98 10/30/98 11 5.4500 8,000,000.00 13,322.22 8,013,322.22
10/21/98 10/30/98 9 5.4000 750,000.00 1,012.50 751,012.50
10/27/98 11/10/98 14 5.4300 1,100,000.00 2,322.83 1,102,322.83
10/30/98 11/19/98 20 5.3957 32,100,000.00 96,223.32 32,196,223.32
11/03/98 11/10/98 7 5.6500 250,000.00 274.65 250,274.65
11/09/98 11/12/98 3 5.4600 300,000.00 136.50 300,136.50
11/10/98 12/09/98 29 5.5770 1,350,000.00 6,064.99 1,356,064.99
11/12/98 11/19/98 7 5.4500 400,000.00 423.89 400,423.89
11/13/98 11/19/98 6 5.4500 3,700,000.00 3,360.83 3,703,360.83
11/19/98 11/24/98 5 5.0565 35,000,000.00 24,580.21 35,024,580.21
11/19/98 11/24/98 5 5.1400 3,000,000.00 2,141.67 3,002,141.67
12/01/98 12/02/98 1 5.1556 2,100,000.00 300.74 2,100,300.74
12/02/98 12/09/98 7 5.2000 22,500,000.00 22,750.00 22,522,750.00
12/09/98 12/15/98 6 5.1400 24,300,000.00 20,817.00 24,320.817.00
12/15/98 12/18/98 3 5.5358 16,000,000.00 7,381.07 16,007,381.07
12/18/98 12/30/98 12 5.4400 21,700,000.00 39,349.33 21,739,349.33
12/28/98 12/30/98 2 6.1900 500,000.00 171.94 500,171.94
12/30/98 12/31/98 1 5.1900 11,800,000.00 1,701.17 11,801,701.17
12/31/98 01/08/99 8 5.3800 16,600,000.00 19,846.22 16,619,846.22
TOTAL 225,400,000.00 302,679.82 225,702,679.82
AEP RESOURCES, INC. TOTAL $225,400,000.00 $302,679.82 $225,702.679.82
</TABLE>
Average Number of Days 8.91
Weighted Average Rate 5.3102
Exhibit B
QUARTERLY DEBT REPORT
AEP RESOURCES, INC.
<TABLE>
CAPTION
<PAGE>
Issue Maturity Interest Principal
Date Date Rate % Borrowed
<S> <C> <C> <C>
12/01/98 02/01/99 5.68 $200,000,000.00
12/01/98 12/02/99 7.75 $ 50,000,000.00
12/30/98 03/30/99 5.4925 $340,000,000.00
</TABLE>
