<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. 14
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, 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 June 30, 1999; American Electric Power Company,
Inc., Appalachian Power company, Indiana Michigan Power Company and Ohio
Power company sold commercial paper to Lehman Brothers Commercial Paper,
Incorporated; Appalachian Power Company sold commercial paper to Banc One
capital Markets; 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 June 30, 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/ Henry W. Fayne
Vice President
Dated: July 9, 1999
EXHIBIT A
AMERICAN ELECTRIC POWER SYSTEM
Schedule of Monthly Prime Rates
Second Quarter of the Calendar Year 1999
Month Actual Prime Rates*
Apr 1 - Jun 30 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: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:30
<CAPTION> PAGE: 11
QUARTERLY SHORT TERM DEBT REPORT
AMERICAN ELECTRIC POWER COMPANY, INC.
QUARTER ENDED 06/30/99
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 04/29/99 05/14/99 15 5.2500 875,000.00 1,914.06 876,914.06
05/06/99 05/14/99 8 5.2000 500,000.00 577.78 500,577.78
05/18/99 05/27/99 9 5.0955 625,000.00 796.17 625,796.17
05/24/99 05/27/99 3 5.0655 200,000.00 84.43 200,084.43
06/01/99 06/04/99 3 5.3823 500,000.00 224.26 500,224.26
06/11/99 06/16/99 5 5.3900 425,000.00 318.16 425,318.16
06/21/99 06/25/99 4 5.1000 500,000.00 283.33 500,283.33
---------------- ---------------- ----------------
BL TOTAL 3,625,000.00 4,198.19 3,629,198.19
CP 04/07/99 06/10/99 64 5.0400 20,638,408.00 186,592.00 20,825,000.00
04/07/99 04/13/99 6 5.0600 2,997,470.00 2,530.00 3,000,000.00
04/13/99 04/30/99 17 5.0200 1,097,392.39 2,607.61 1,100,000.00
04/15/99 05/27/99 42 5.0300 31,613,387.00 186,613.00 31,800,000.00
04/20/99 04/30/99 10 4.9500 2,995,875.00 4,125.00 3,000,000.00
04/27/99 05/14/99 17 5.0300 1,197,149.67 2,850.33 1,200,000.00
04/30/99 05/03/99 3 5.0800 2,998,730.00 1,270.00 3,000,000.00
05/03/99 05/07/99 4 5.1000 3,098,243.33 1,756.67 3,100,000.00
05/07/99 05/19/99 12 4.9700 3,119,822.92 5,177.08 3,125,000.00
05/14/99 06/15/99 32 5.0200 2,414,179.11 10,820.89 2,425,000.00
05/19/99 06/25/99 37 5.0600 3,307,708.15 17,291.85 3,325,000.00
05/20/99 06/25/99 36 5.0300 1,542,203.50 7,796.50 1,550,000.00
05/21/99 06/25/99 35 5.0300 1,990,219.44 9,780.56 2,000,000.00
05/27/99 06/10/99 14 5.0700 29,940,850.00 59,150.00 30,000,000.00
05/27/99 05/28/99 1 5.0200 2,699,623.50 376.50 2,700,000.00
05/28/99 06/10/99 13 5.1500 2,694,978.75 5,021.25 2,700,000.00
06/10/99 06/23/99 13 5.0800 14,972,483.33 27,516.67 15,000,000.00
06/10/99 06/11/99 1 4.9000 2,199,700.56 299.44 2,200,000.00
06/14/99 06/23/99 9 5.0500 2,996,212.50 3,787.50 3,000,000.00
06/15/99 06/23/99 8 5.0500 25,071,832.22 28,167.78 25,100,000.00
06/16/99 06/23/99 7 4.9500 12,487,968.75 12,031.25 12,500,000.00
06/17/99 06/30/99 13 5.0500 998,176.39 1,823.61 1,000,000.00
06/18/99 07/15/99 27 5.3000 3,784,895.00 15,105.00 3,800,000.00
06/22/99 07/21/99 29 5.3000 2,788,045.56 11,954.44 2,800,000.00
06/23/99 06/30/99 7 5.0500 29,970,541.67 29,458.33 30,000,000.00
06/23/99 06/24/99 1 4.9800 22,696,859.83 3,140.17 22,700,000.00
06/23/99 07/30/99 37 5.3500 4,077,455.69 22,544.31 4,100,000.00
06/24/99 07/30/99 36 5.4000 21,533,090.00 116,910.00 21,650,000.00
06/25/99 07/21/99 26 5.4000 7,371,140.00 28,860.00 7,400,000.00
06/30/99 07/09/99 9 6.1000 6,525,034.12 9,965.88 6,535,000.00
06/30/99 07/01/99 1 6.1500 21,811,273.27 3,726.73 21,815,000.00
---------------- ---------------- ----------------
CP TOTAL 293,630,949.65 819,050.35 294,450,000.00
---------------- ---------------- ----------------
AMERICAN ELECTRIC POWER COMPANY, INC. TOTAL 297,255,949.65 823,248.54 298,079,198.19
================ ================ ================
AVERAGE NUMBER OF DAYS 16.16
WEIGHTED AVERAGE RATE 5.1887
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:30
<CAPTION> PAGE: 6
QUARTERLY SHORT TERM DEBT REPORT
AEP GENERATING COMPANY
QUARTER ENDED 06/30/99
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 04/01/99 04/19/99 18 5.2856 225,000.00 594.63 225,594.63
04/08/99 04/21/99 13 5.2500 2,550,000.00 4,834.38 2,554,834.38
04/15/99 04/22/99 7 5.1222 1,100,000.00 1,095.58 1,101,095.58
04/19/99 04/22/99 3 4.9021 4,975,000.00 2,032.33 4,977,032.33
04/21/99 04/23/99 2 5.0700 7,625,000.00 2,147.71 7,627,147.71
04/27/99 04/28/99 1 5.3000 2,400,000.00 353.33 2,400,353.33
04/28/99 05/03/99 5 5.2700 625,000.00 457.47 625,457.47
04/30/99 05/03/99 3 5.4900 100,000.00 45.75 100,045.75
05/03/99 05/19/99 16 5.2800 800,000.00 1,877.33 801,877.33
05/05/99 05/19/99 14 5.2500 2,000,000.00 4,083.33 2,004,083.33
05/10/99 05/19/99 9 5.2400 3,000,000.00 3,930.00 3,003,930.00
05/19/99 05/21/99 2 5.1700 8,200,000.00 2,355.22 8,202,355.22
05/20/99 05/24/99 4 5.1500 2,000,000.00 1,144.44 2,001,144.44
05/21/99 05/24/99 3 5.1000 6,100,000.00 2,592.50 6,102,592.50
05/25/99 06/15/99 21 5.2700 1,750,000.00 5,379.79 1,755,379.79
05/28/99 06/18/99 21 5.1589 450,000.00 1,354.21 451,354.21
06/01/99 06/16/99 15 5.4100 2,000,000.00 4,508.33 2,004,508.33
06/07/99 06/21/99 14 5.1500 10,000,000.00 20,027.78 10,020,027.78
06/07/99 06/21/99 14 5.4000 26,925,000.00 56,542.50 26,981,542.50
06/08/99 06/16/99 8 5.0955 650,000.00 736.02 650,736.02
06/10/99 06/16/99 6 5.4300 5,200,000.00 4,706.00 5,204,706.00
06/11/99 06/18/99 7 5.3900 1,425,000.00 1,493.48 1,426,493.48
06/14/99 06/18/99 4 5.2800 1,325,000.00 777.33 1,325,777.33
06/15/99 06/18/99 3 5.3000 2,200,000.00 971.67 2,200,971.67
06/16/99 07/21/99 35 5.4200 8,200,000.00 43,209.44 8,243,209.44
06/21/99 07/26/99 35 5.4400 17,150,000.00 90,704.44 17,240,704.44
06/21/99 07/26/99 35 5.3300 10,000,000.00 51,819.44 10,051,819.44
06/24/99 07/26/99 32 5.3490 275,000.00 1,307.53 276,307.53
06/25/99 07/21/99 26 5.7400 3,000,000.00 12,436.67 3,012,436.67
06/29/99 07/26/99 27 5.4757 600,000.00 2,464.07 602,464.07
06/30/99 07/21/99 21 5.8000 150,000.00 507.50 150,507.50
---------------- ---------------- ----------------
BL TOTAL 133,000,000.00 326,490.20 133,326,490.20
---------------- ---------------- ----------------
AEP GENERATING COMPANY TOTAL 133,000,000.00 326,490.20 133,326,490.20
================ ================ ================
AVERAGE NUMBER OF DAYS 13.68
WEIGHTED AVERAGE RATE 5.3015
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:30
<CAPTION> PAGE: 15
QUARTERLY SHORT TERM DEBT REPORT
APPALACHIAN POWER COMPANY
QUARTER ENDED 06/30/99
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST MATURITY VALUE
---------- -------- -------- ---- -------- ---------------- ---------------- ----------------
<S> <C> <C> <C> <C> <C> <C> <C>
CP 04/01/99 04/12/99 11 5.2500 7,388,129.17 11,870.83 7,400,000.00
04/05/99 04/13/99 8 5.0700 12,685,691.33 14,308.67 12,700,000.00
04/06/99 04/14/99 8 5.0500 10,787,880.00 12,120.00 10,800,000.00
04/07/99 04/16/99 9 5.0000 10,986,250.00 13,750.00 11,000,000.00
04/09/99 04/19/99 10 4.9800 23,267,768.33 32,231.67 23,300,000.00
04/12/99 04/20/99 8 5.0500 6,492,705.56 7,294.44 6,500,000.00
04/13/99 04/21/99 8 4.9800 6,492,806.67 7,193.33 6,500,000.00
04/13/99 04/21/99 8 5.0000 7,491,666.67 8,333.33 7,500,000.00
04/14/99 04/22/99 8 5.0400 7,491,600.00 8,400.00 7,500,000.00
04/14/99 04/22/99 8 5.0400 324,636.00 364.00 325,000.00
04/15/99 04/22/99 7 5.0600 25,874,517.28 25,482.72 25,900,000.00
04/16/99 04/21/99 5 4.9500 9,193,675.00 6,325.00 9,200,000.00
04/16/99 04/21/99 5 4.9500 3,997,250.00 2,750.00 4,000,000.00
04/19/99 04/23/99 4 4.9500 23,487,075.00 12,925.00 23,500,000.00
04/20/99 04/26/99 6 4.9500 7,993,400.00 6,600.00 8,000,000.00
04/20/99 04/21/99 1 4.9500 1,199,835.00 165.00 1,200,000.00
04/21/99 04/27/99 6 4.9300 27,976,993.33 23,006.67 28,000,000.00
04/22/99 04/28/99 6 4.9300 27,976,993.33 23,006.67 28,000,000.00
04/23/99 04/29/99 6 4.9000 24,979,583.33 20,416.67 25,000,000.00
04/26/99 05/04/99 8 5.0000 9,889,000.00 11,000.00 9,900,000.00
04/27/99 05/05/99 8 5.0000 21,476,111.11 23,888.89 21,500,000.00
04/27/99 05/05/99 8 5.0000 1,023,861.11 1,138.89 1,025,000.00
04/28/99 05/11/99 13 5.0000 46,560,779.86 84,220.14 46,645,000.00
04/28/99 05/11/99 13 5.0000 20,962,083.33 37,916.67 21,000,000.00
04/28/99 05/11/99 13 5.0000 31,298,386.81 56,613.19 31,355,000.00
04/29/99 05/14/99 15 5.0300 24,448,652.08 51,347.92 24,500,000.00
04/30/99 05/07/99 7 5.0500 12,188,020.28 11,979.72 12,200,000.00
05/03/99 05/07/99 4 5.1500 28,983,405.56 16,594.44 29,000,000.00
05/04/99 05/07/99 3 4.9700 18,992,130.83 7,869.17 19,000,000.00
05/04/99 05/07/99 3 4.9700 1,124,534.06 465.94 1,125,000.00
05/05/99 05/10/99 5 4.9500 17,687,831.25 12,168.75 17,700,000.00
05/05/99 05/06/99 1 4.8500 14,997,979.17 2,020.83 15,000,000.00
05/06/99 05/12/99 6 4.9300 12,489,729.17 10,270.83 12,500,000.00
05/07/99 05/17/99 10 4.9500 24,965,625.00 34,375.00 25,000,000.00
05/07/99 05/19/99 12 4.9500 24,958,750.00 41,250.00 25,000,000.00
05/07/99 05/17/99 10 4.9500 10,984,875.00 15,125.00 11,000,000.00
05/10/99 05/17/99 7 4.9500 19,980,750.00 19,250.00 20,000,000.00
05/11/99 05/17/99 6 4.9700 44,962,725.00 37,275.00 45,000,000.00
05/11/99 05/13/99 2 4.9000 5,898,393.89 1,606.11 5,900,000.00
05/11/99 05/17/99 6 4.9700 44,962,725.00 37,275.00 45,000,000.00
05/12/99 05/17/99 5 4.9700 11,567,010.03 7,989.97 11,575,000.00
05/13/99 05/18/99 5 4.9800 2,698,132.50 1,867.50 2,700,000.00
05/14/99 05/18/99 4 5.0300 24,986,027.78 13,972.22 25,000,000.00
05/17/99 05/18/99 1 5.2200 49,992,750.00 7,250.00 50,000,000.00
05/17/99 05/18/99 1 5.2200 49,992,750.00 7,250.00 50,000,000.00
05/17/99 05/18/99 1 5.2200 49,992,750.00 7,250.00 50,000,000.00
05/17/99 05/19/99 2 5.2200 6,997,970.00 2,030.00 7,000,000.00
05/18/99 05/19/99 1 5.0000 49,993,055.56 6,944.44 50,000,000.00
05/18/99 05/20/99 2 5.1200 14,995,733.33 4,266.67 15,000,000.00
05/18/99 05/19/99 1 5.0000 49,993,055.56 6,944.44 50,000,000.00
05/18/99 05/19/99 1 5.0000 49,993,055.56 6,944.44 50,000,000.00
05/19/99 05/20/99 1 4.8800 30,995,797.78 4,202.22 31,000,000.00
05/19/99 05/20/99 1 4.8800 48,993,357.78 6,642.22 49,000,000.00
05/19/99 05/20/99 1 4.9000 49,993,194.44 6,805.56 50,000,000.00
05/19/99 05/20/99 1 4.9000 29,995,916.67 4,083.33 30,000,000.00
05/19/99 05/20/99 1 4.9000 22,196,978.33 3,021.67 22,200,000.00
05/20/99 05/21/99 1 4.8300 24,996,645.83 3,354.17 25,000,000.00
05/20/99 05/25/99 5 4.9500 24,982,812.50 17,187.50 25,000,000.00
05/21/99 05/24/99 3 4.7800 22,690,957.83 9,042.17 22,700,000.00
05/24/99 06/07/99 14 5.0700 20,459,580.83 40,419.17 20,500,000.00
05/24/99 06/07/99 14 5.0700 449,112.75 887.25 450,000.00
05/25/99 05/26/99 1 4.8500 17,497,642.36 2,357.64 17,500,000.00
05/25/99 05/26/99 1 4.8500 5,399,272.50 727.50 5,400,000.00
05/26/99 05/27/99 1 4.9800 17,497,579.17 2,420.83 17,500,000.00
05/27/99 06/04/99 8 5.1300 17,080,506.00 19,494.00 17,100,000.00
05/28/99 06/16/99 19 5.0900 28,398,505.08 76,494.92 28,475,000.00
06/01/99 06/08/99 7 5.1200 9,990,044.44 9,955.56 10,000,000.00
06/04/99 06/09/99 5 4.9500 18,986,937.50 13,062.50 19,000,000.00
06/04/99 06/09/99 5 4.9500 524,639.06 360.94 525,000.00
06/07/99 06/14/99 7 5.0000 24,975,694.44 24,305.56 25,000,000.00
06/08/99 06/18/99 10 4.9800 9,287,135.00 12,865.00 9,300,000.00
06/09/99 06/11/99 2 4.9000 16,295,562.78 4,437.22 16,300,000.00
06/10/99 07/07/99 27 5.1800 27,517,676.87 107,323.13 27,625,000.00
06/11/99 06/21/99 10 5.0700 16,976,058.33 23,941.67 17,000,000.00
06/14/99 06/17/99 3 5.1500 22,990,129.17 9,870.83 23,000,000.00
06/15/99 06/22/99 7 5.1500 6,743,240.62 6,759.38 6,750,000.00
06/16/99 06/24/99 8 5.0500 23,973,066.67 26,933.33 24,000,000.00
06/17/99 06/23/99 6 5.0300 19,034,029.75 15,970.25 19,050,000.00
06/18/99 06/25/99 7 5.0000 5,494,652.78 5,347.22 5,500,000.00
06/18/99 06/25/99 7 5.0000 899,125.00 875.00 900,000.00
06/21/99 06/28/99 7 5.0000 18,981,527.78 18,472.22 19,000,000.00
06/22/99 06/29/99 7 5.0000 4,395,722.22 4,277.78 4,400,000.00
06/23/99 02/04/00 226 5.7800 6,938,744.00 261,256.00 7,200,000.00
06/23/99 06/24/99 1 4.9800 9,748,651.25 1,348.75 9,750,000.00
06/23/99 06/24/99 1 4.9800 99,986.17 13.83 100,000.00
06/24/99 06/25/99 1 5.0500 7,498,947.92 1,052.08 7,500,000.00
06/24/99 07/02/99 8 5.4100 20,874,873.56 25,126.44 20,900,000.00
06/25/99 07/12/99 17 5.4500 15,460,109.03 39,890.97 15,500,000.00
06/25/99 07/12/99 17 5.5000 3,441,039.58 8,960.42 3,450,000.00
06/28/99 06/29/99 1 5.5000 16,997,402.78 2,597.22 17,000,000.00
06/29/99 07/13/99 14 5.7800 17,959,540.00 40,460.00 18,000,000.00
06/30/99 07/09/99 9 5.9500 21,967,275.00 32,725.00 22,000,000.00
06/30/99 07/09/99 9 5.9500 474,293.44 706.56 475,000.00
---------------- ---------------- ----------------
CP TOTAL 1,756,281,059.82 1,718,940.18 1,758,000,000.00
---------------- ---------------- ----------------
APPALACHIAN POWER COMPANY TOTAL 1,756,281,059.82 1,718,940.18 1,758,000,000.00
================ ================ ================
AVERAGE NUMBER OF DAYS 8.78
WEIGHTED AVERAGE RATE 5.0434
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:30
<CAPTION> PAGE: 20
QUARTERLY SHORT TERM DEBT REPORT
COLUMBUS SOUTHERN POWER COMPANY
QUARTER ENDED 06/30/99
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 04/28/99 04/29/99 1 5.2300 525,000.00 76.27 525,076.27
---------------- ---------------- ----------------
BL TOTAL 525,000.00 76.27 525,076.27
CP 04/01/99 04/12/99 11 5.1500 6,190,243.61 9,756.39 6,200,000.00
04/05/99 04/13/99 8 5.0200 12,935,553.56 14,446.44 12,950,000.00
04/06/99 04/14/99 8 5.0200 3,071,569.67 3,430.33 3,075,000.00
04/07/99 04/16/99 9 5.0300 13,682,772.25 17,227.75 13,700,000.00
04/07/99 04/16/99 9 5.0300 174,779.94 220.06 175,000.00
04/08/99 04/09/99 1 4.9800 7,698,934.83 1,065.17 7,700,000.00
04/09/99 04/20/99 11 4.9800 4,093,761.17 6,238.83 4,100,000.00
04/09/99 04/20/99 11 4.9800 673,972.87 1,027.13 675,000.00
04/12/99 04/19/99 7 4.9500 5,794,417.50 5,582.50 5,800,000.00
04/13/99 04/21/99 8 4.9600 9,489,528.89 10,471.11 9,500,000.00
04/13/99 04/21/99 8 4.9600 274,696.89 303.11 275,000.00
04/15/99 04/23/99 8 4.9800 10,488,380.00 11,620.00 10,500,000.00
04/16/99 04/27/99 11 4.9700 10,983,295.28 16,704.72 11,000,000.00
04/19/99 04/22/99 3 4.9500 2,998,762.50 1,237.50 3,000,000.00
04/20/99 04/26/99 6 4.9000 4,995,916.67 4,083.33 5,000,000.00
04/21/99 04/28/99 7 4.8800 3,496,678.89 3,321.11 3,500,000.00
04/22/99 04/29/99 7 4.8800 2,997,153.33 2,846.67 3,000,000.00
04/23/99 05/04/99 11 4.8800 7,988,071.11 11,928.89 8,000,000.00
04/26/99 05/05/99 9 4.9000 3,995,100.00 4,900.00 4,000,000.00
04/27/99 05/07/99 10 4.9500 4,493,812.50 6,187.50 4,500,000.00
04/27/99 05/07/99 10 4.9500 299,587.50 412.50 300,000.00
04/29/99 05/06/99 7 5.0000 1,998,055.56 1,944.44 2,000,000.00
04/29/99 05/06/99 7 5.0000 1,598,444.44 1,555.56 1,600,000.00
04/30/99 05/10/99 10 5.0000 14,979,166.67 20,833.33 15,000,000.00
05/03/99 05/12/99 9 5.0400 14,981,100.00 18,900.00 15,000,000.00
05/04/99 05/11/99 7 5.0200 8,991,215.00 8,785.00 9,000,000.00
05/05/99 05/13/99 8 4.9700 5,993,373.33 6,626.67 6,000,000.00
05/06/99 05/17/99 11 4.9300 2,296,535.31 3,464.69 2,300,000.00
05/07/99 05/18/99 11 4.9200 2,995,490.00 4,510.00 3,000,000.00
05/10/99 05/19/99 9 4.9300 13,982,745.00 17,255.00 14,000,000.00
05/11/99 05/21/99 10 4.9300 5,991,783.33 8,216.67 6,000,000.00
05/12/99 05/24/99 12 4.9100 18,968,903.33 31,096.67 19,000,000.00
05/13/99 05/14/99 1 4.8300 1,199,839.00 161.00 1,200,000.00
05/17/99 05/26/99 9 5.0800 5,992,380.00 7,620.00 6,000,000.00
05/19/99 05/25/99 6 4.9200 7,593,768.00 6,232.00 7,600,000.00
05/20/99 05/27/99 7 4.8800 4,995,255.56 4,744.44 5,000,000.00
05/20/99 05/27/99 7 4.8800 499,525.56 474.44 500,000.00
05/21/99 06/07/99 17 4.9200 4,489,545.00 10,455.00 4,500,000.00
05/24/99 06/08/99 15 4.9300 18,461,997.92 38,002.08 18,500,000.00
05/25/99 06/04/99 10 4.9500 3,395,325.00 4,675.00 3,400,000.00
05/25/99 06/11/99 17 4.9800 4,489,417.50 10,582.50 4,500,000.00
05/28/99 06/14/99 17 5.0900 7,481,972.92 18,027.08 7,500,000.00
06/01/99 06/09/99 8 5.1400 16,281,381.78 18,618.22 16,300,000.00
06/04/99 06/17/99 13 4.9500 2,819,950.31 5,049.69 2,825,000.00
06/07/99 06/14/99 7 4.9300 3,196,932.44 3,067.56 3,200,000.00
06/08/99 06/18/99 10 4.9000 16,602,371.53 22,628.47 16,625,000.00
06/09/99 06/16/99 7 4.9000 12,887,709.17 12,290.83 12,900,000.00
06/10/99 07/07/99 27 5.1200 17,930,880.00 69,120.00 18,000,000.00
06/11/99 06/15/99 4 4.9000 2,998,366.67 1,633.33 3,000,000.00
06/14/99 06/22/99 8 5.0000 6,992,222.22 7,777.78 7,000,000.00
06/15/99 06/21/99 6 4.9700 6,994,201.67 5,798.33 7,000,000.00
06/16/99 06/23/99 7 4.9200 9,990,433.33 9,566.67 10,000,000.00
06/18/99 06/24/99 6 4.8700 12,090,178.83 9,821.17 12,100,000.00
06/21/99 06/25/99 4 4.9000 11,493,738.89 6,261.11 11,500,000.00
06/22/99 06/28/99 6 4.9200 5,995,080.00 4,920.00 6,000,000.00
06/22/99 07/12/99 20 5.2500 21,337,583.33 62,416.67 21,400,000.00
06/23/99 06/29/99 6 4.9500 5,795,215.00 4,785.00 5,800,000.00
06/23/99 06/29/99 6 4.9500 374,690.62 309.38 375,000.00
06/24/99 07/02/99 8 5.4000 8,739,500.00 10,500.00 8,750,000.00
06/25/99 07/19/99 24 5.3500 9,964,333.33 35,666.67 10,000,000.00
06/25/99 07/19/99 24 5.3500 946,611.67 3,388.33 950,000.00
06/28/99 07/09/99 11 5.4700 4,093,147.31 6,852.69 4,100,000.00
06/30/99 07/08/99 8 5.7500 7,190,800.00 9,200.00 7,200,000.00
---------------- ---------------- ----------------
CP TOTAL 452,908,155.49 666,844.51 453,575,000.00
---------------- ---------------- ----------------
COLUMBUS SOUTHERN POWER COMPANY TOTAL 453,433,155.49 666,920.78 454,100,076.27
================ ================ ================
AVERAGE NUMBER OF DAYS 9.39
WEIGHTED AVERAGE RATE 5.0186
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:31
<CAPTION> PAGE: 24
QUARTERLY SHORT TERM DEBT REPORT
INDIANA MICHIGAN POWER COMPANY
QUARTER ENDED 06/30/99
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 06/29/99 07/13/99 14 5.7200 1,250,000.00 2,780.56 1,252,780.56
---------------- ---------------- ----------------
BL TOTAL 1,250,000.00 2,780.56 1,252,780.56
CP 04/01/99 04/14/99 13 5.2200 8,059,778.62 15,221.38 8,075,000.00
04/01/99 04/05/99 4 5.8000 27,907,003.89 17,996.11 27,925,000.00
04/05/99 04/19/99 14 5.1200 38,947,296.89 77,703.11 39,025,000.00
04/06/99 04/07/99 1 4.9700 8,498,826.53 1,173.47 8,500,000.00
04/06/99 04/07/99 1 4.9700 1,199,834.33 165.67 1,200,000.00
04/07/99 04/08/99 1 4.9600 299,958.67 41.33 300,000.00
04/07/99 04/19/99 12 5.0500 1,920,761.27 3,238.73 1,924,000.00
04/07/99 04/20/99 13 5.0500 6,064,919.74 11,080.26 6,076,000.00
04/08/99 04/09/99 1 4.9000 1,774,758.40 241.60 1,775,000.00
04/09/99 04/21/99 12 5.0200 19,966,533.33 33,466.67 20,000,000.00
04/09/99 04/12/99 3 4.9000 1,099,550.83 449.17 1,100,000.00
04/12/99 04/22/99 10 5.0200 13,181,593.33 18,406.67 13,200,000.00
04/13/99 04/14/99 1 4.8500 20,097,292.08 2,707.92 20,100,000.00
04/14/99 04/26/99 12 5.0300 8,735,329.17 14,670.83 8,750,000.00
04/14/99 04/15/99 1 4.9200 15,197,922.67 2,077.33 15,200,000.00
04/15/99 04/16/99 1 5.0700 28,995,915.83 4,084.17 29,000,000.00
04/15/99 04/16/99 1 5.0700 1,499,788.75 211.25 1,500,000.00
04/16/99 04/21/99 5 4.9500 28,605,320.31 19,679.69 28,625,000.00
04/19/99 04/29/99 10 4.9900 38,945,941.67 54,058.33 39,000,000.00
04/20/99 04/23/99 3 4.8800 4,728,076.47 1,923.53 4,730,000.00
04/20/99 04/21/99 1 4.8000 4,469,404.00 596.00 4,470,000.00
04/21/99 04/28/99 7 4.9500 44,945,698.09 43,301.91 44,989,000.00
04/21/99 04/22/99 1 4.7700 7,010,071.04 928.96 7,011,000.00
04/22/99 04/27/99 5 4.8700 3,562,588.67 2,411.33 3,565,000.00
04/22/99 04/23/99 1 4.7700 6,809,097.67 902.33 6,810,000.00
04/22/99 04/26/99 4 4.8200 5,222,201.72 2,798.28 5,225,000.00
04/23/99 04/28/99 5 4.8200 14,226,469.79 9,530.21 14,236,000.00
04/23/99 05/03/99 10 4.9900 1,282,220.23 1,779.77 1,284,000.00
04/23/99 05/04/99 11 4.9900 1,078,353.30 1,646.70 1,080,000.00
04/26/99 05/03/99 7 4.9700 14,685,794.08 14,205.92 14,700,000.00
04/26/99 04/27/99 1 4.8500 2,299,690.14 309.86 2,300,000.00
04/27/99 05/04/99 7 5.0000 3,496,597.22 3,402.78 3,500,000.00
04/27/99 05/04/99 7 5.0000 3,196,888.89 3,111.11 3,200,000.00
04/28/99 05/06/99 8 5.0200 22,999,314.33 25,685.67 23,025,000.00
04/28/99 05/10/99 12 5.0200 7,986,613.33 13,386.67 8,000,000.00
04/28/99 05/03/99 5 4.9900 21,450,123.56 14,876.44 21,465,000.00
04/28/99 05/05/99 7 4.9700 899,130.25 869.75 900,000.00
04/28/99 04/29/99 1 4.9500 49,993,125.00 6,875.00 50,000,000.00
04/28/99 04/29/99 1 4.9500 21,607,028.62 2,971.38 21,610,000.00
04/29/99 05/03/99 4 5.0200 4,997,211.11 2,788.89 5,000,000.00
04/29/99 05/03/99 4 5.0200 44,974,900.00 25,100.00 45,000,000.00
04/29/99 04/30/99 1 5.0000 35,675,044.44 4,955.56 35,680,000.00
04/29/99 05/07/99 8 5.0200 19,977,688.89 22,311.11 20,000,000.00
04/29/99 05/11/99 12 5.0200 1,297,824.67 2,175.33 1,300,000.00
04/29/99 05/13/99 14 5.0000 2,016,072.22 3,927.78 2,020,000.00
04/30/99 05/03/99 3 5.1700 35,824,558.93 15,441.07 35,840,000.00
04/30/99 05/13/99 13 5.0400 6,148,788.80 11,211.20 6,160,000.00
05/03/99 05/04/99 1 5.2500 17,297,477.08 2,522.92 17,300,000.00
05/03/99 05/04/99 1 5.2200 24,996,375.00 3,625.00 25,000,000.00
05/03/99 05/19/99 16 5.0800 12,471,777.78 28,222.22 12,500,000.00
05/03/99 05/10/99 7 5.0500 2,697,348.75 2,651.25 2,700,000.00
05/03/99 05/13/99 10 5.0500 4,992,986.11 7,013.89 5,000,000.00
05/03/99 05/04/99 1 5.3200 24,996,305.56 3,694.44 25,000,000.00
05/03/99 05/04/99 1 5.3200 49,992,611.11 7,388.89 50,000,000.00
05/04/99 05/05/99 1 4.9700 44,993,787.50 6,212.50 45,000,000.00
05/04/99 05/14/99 10 5.0500 19,971,944.44 28,055.56 20,000,000.00
05/04/99 05/05/99 1 5.0000 2,754,617.36 382.64 2,755,000.00
05/04/99 05/11/99 7 5.0500 2,008,026.29 1,973.71 2,010,000.00
05/04/99 05/12/99 8 5.0500 1,997,755.56 2,244.44 2,000,000.00
05/04/99 05/13/99 9 5.0500 2,791,471.31 3,528.69 2,795,000.00
05/04/99 05/14/99 10 5.0500 12,821,988.33 18,011.67 12,840,000.00
05/04/99 05/17/99 13 5.0500 39,927,055.56 72,944.44 40,000,000.00
05/04/99 05/14/99 10 5.0500 4,992,986.11 7,013.89 5,000,000.00
05/05/99 05/06/99 1 4.9000 46,133,719.83 6,280.17 46,140,000.00
05/05/99 05/13/99 8 5.0100 3,755,813.87 4,186.13 3,760,000.00
05/06/99 05/07/99 1 4.8600 30,900,827.82 4,172.18 30,905,000.00
05/06/99 05/14/99 8 4.9700 34,057,343.97 37,656.03 34,095,000.00
05/07/99 05/10/99 3 4.8500 28,488,481.25 11,518.75 28,500,000.00
05/07/99 05/13/99 6 4.9300 2,497,945.83 2,054.17 2,500,000.00
05/07/99 05/17/99 10 4.9500 19,972,500.00 27,500.00 20,000,000.00
05/10/99 05/11/99 1 4.8800 13,998,102.22 1,897.78 14,000,000.00
05/10/99 05/18/99 8 5.0000 11,986,666.67 13,333.33 12,000,000.00
05/10/99 05/11/99 1 4.8800 17,997,560.00 2,440.00 18,000,000.00
05/11/99 05/17/99 6 4.9800 19,983,400.00 16,600.00 20,000,000.00
05/11/99 05/12/99 1 4.8000 3,507,532.27 467.73 3,508,000.00
05/11/99 05/19/99 8 4.9800 3,238,412.19 3,587.81 3,242,000.00
05/11/99 05/20/99 9 4.9800 9,737,861.25 12,138.75 9,750,000.00
05/12/99 05/24/99 12 4.9600 5,985,088.27 9,911.73 5,995,000.00
05/12/99 05/13/99 1 4.8500 3,429,537.90 462.10 3,430,000.00
05/13/99 05/26/99 13 4.9800 19,964,033.33 35,966.67 20,000,000.00
05/13/99 05/14/99 1 4.8500 799,892.22 107.78 800,000.00
05/14/99 05/17/99 3 5.0200 29,872,498.11 12,501.89 29,885,000.00
05/14/99 05/17/99 3 4.9500 9,995,875.00 4,125.00 10,000,000.00
05/14/99 05/18/99 4 4.9800 16,006,138.37 8,861.63 16,015,000.00
05/14/99 05/18/99 4 4.9800 4,272,634.50 2,365.50 4,275,000.00
05/14/99 05/20/99 6 5.0000 10,151,533.33 8,466.67 10,160,000.00
05/14/99 05/20/99 6 5.0000 4,076,600.00 3,400.00 4,080,000.00
05/14/99 05/20/99 6 5.0000 584,512.50 487.50 585,000.00
05/17/99 05/18/99 1 5.2500 49,992,708.33 7,291.67 50,000,000.00
05/17/99 05/21/99 4 5.0800 525,703.10 296.90 526,000.00
05/17/99 05/24/99 7 5.1700 37,961,799.44 38,200.56 38,000,000.00
05/17/99 05/18/99 1 5.3200 11,472,304.40 1,695.60 11,474,000.00
05/17/99 05/18/99 1 5.3200 14,997,783.33 2,216.67 15,000,000.00
05/18/99 05/19/99 1 5.0500 18,497,404.86 2,595.14 18,500,000.00
05/18/99 05/20/99 2 5.0500 47,366,707.28 13,292.72 47,380,000.00
05/18/99 05/21/99 3 5.0500 28,592,962.06 12,037.94 28,605,000.00
05/18/99 05/24/99 6 5.0500 2,013,304.04 1,695.96 2,015,000.00
05/18/99 05/25/99 7 5.0500 1,998,036.11 1,963.89 2,000,000.00
05/19/99 05/20/99 1 4.9200 10,103,618.98 1,381.02 10,105,000.00
05/19/99 05/26/99 7 5.0000 6,993,194.44 6,805.56 7,000,000.00
05/19/99 05/27/99 8 5.0000 17,475,561.11 19,438.89 17,495,000.00
05/20/99 05/21/99 1 4.8500 42,234,309.33 5,690.67 42,240,000.00
05/20/99 05/25/99 5 4.9300 24,982,881.94 17,118.06 25,000,000.00
05/20/99 05/26/99 6 4.9400 9,991,766.67 8,233.33 10,000,000.00
05/20/99 05/27/99 7 4.9400 4,780,403.74 4,596.26 4,785,000.00
05/21/99 06/01/99 11 5.0200 39,938,644.44 61,355.56 40,000,000.00
05/21/99 05/24/99 3 4.8800 25,739,528.33 10,471.67 25,750,000.00
05/21/99 06/01/99 11 5.0200 6,989,262.78 10,737.22 7,000,000.00
05/24/99 06/01/99 8 5.0500 14,998,149.83 16,850.17 15,015,000.00
05/24/99 05/25/99 1 4.9700 24,981,550.68 3,449.32 24,985,000.00
05/24/99 05/25/99 1 4.9300 21,247,089.93 2,910.07 21,250,000.00
05/24/99 06/01/99 8 5.0500 19,977,555.56 22,444.44 20,000,000.00
05/25/99 05/26/99 1 4.8900 46,933,623.98 6,376.02 46,940,000.00
05/25/99 06/01/99 7 5.0000 22,038,552.78 21,447.22 22,060,000.00
05/25/99 05/26/99 1 4.8900 7,199,022.00 978.00 7,200,000.00
05/26/99 05/27/99 1 5.0000 49,993,055.56 6,944.44 50,000,000.00
05/26/99 05/27/99 1 5.0000 27,261,213.19 3,786.81 27,265,000.00
05/26/99 06/01/99 6 5.0800 12,724,217.70 10,782.30 12,735,000.00
05/27/99 05/28/99 1 5.1000 49,992,916.67 7,083.33 50,000,000.00
05/27/99 05/28/99 1 5.1000 21,231,991.71 3,008.29 21,235,000.00
05/27/99 06/01/99 5 5.0800 26,171,521.50 18,478.50 26,190,000.00
05/28/99 06/01/99 4 5.2000 37,553,290.00 21,710.00 37,575,000.00
05/28/99 06/01/99 4 5.1800 36,978,704.44 21,295.56 37,000,000.00
06/01/99 06/18/99 17 5.1200 1,526,300.80 3,699.20 1,530,000.00
06/01/99 06/22/99 21 5.1200 1,246,266.67 3,733.33 1,250,000.00
06/01/99 06/14/99 13 5.1500 39,925,611.11 74,388.89 40,000,000.00
06/01/99 06/04/99 3 5.2000 19,991,333.33 8,666.67 20,000,000.00
06/01/99 06/08/99 7 5.2000 49,949,444.44 50,555.56 50,000,000.00
06/01/99 06/08/99 7 5.2000 29,969,666.67 30,333.33 30,000,000.00
06/01/99 06/04/99 3 5.2200 9,995,650.00 4,350.00 10,000,000.00
06/01/99 06/04/99 3 5.2500 49,978,125.00 21,875.00 50,000,000.00
06/01/99 06/04/99 3 5.2500 6,757,042.50 2,957.50 6,760,000.00
06/01/99 06/11/99 10 5.1600 10,445,007.33 14,992.67 10,460,000.00
06/04/99 06/24/99 20 5.0300 9,972,055.56 27,944.44 10,000,000.00
06/04/99 06/25/99 21 5.0300 43,317,525.13 127,474.87 43,445,000.00
06/04/99 06/07/99 3 4.9500 29,592,787.94 12,212.06 29,605,000.00
06/07/99 06/08/99 1 4.9500 20,624,163.79 2,836.21 20,627,000.00
06/07/99 06/09/99 2 4.9500 1,449,601.25 398.75 1,450,000.00
06/07/99 06/16/99 9 5.0300 9,261,339.20 11,660.80 9,273,000.00
06/07/99 06/16/99 9 5.0300 35,055,861.75 44,138.25 35,100,000.00
06/08/99 06/09/99 1 4.8700 43,679,090.39 5,909.61 43,685,000.00
06/08/99 06/09/99 1 4.9500 34,115,308.50 4,691.50 34,120,000.00
06/08/99 06/29/99 21 5.0300 3,305,273.24 9,726.76 3,315,000.00
06/08/99 06/18/99 10 5.0000 14,439,916.67 20,083.33 14,460,000.00
06/08/99 06/17/99 9 5.0000 3,215,975.00 4,025.00 3,220,000.00
06/09/99 06/29/99 20 5.0500 19,943,888.89 56,111.11 20,000,000.00
06/09/99 06/10/99 1 4.8800 47,793,520.44 6,479.56 47,800,000.00
06/09/99 06/29/99 20 5.0500 9,971,944.44 28,055.56 10,000,000.00
06/10/99 06/14/99 4 4.9500 24,986,250.00 13,750.00 25,000,000.00
06/10/99 06/16/99 6 5.0000 3,487,091.67 2,908.33 3,490,000.00
06/10/99 06/11/99 1 4.9500 17,132,643.94 2,356.06 17,135,000.00
06/11/99 06/14/99 3 5.0500 35,625,001.50 14,998.50 35,640,000.00
06/11/99 07/02/99 21 5.2300 1,455,545.78 4,454.22 1,460,000.00
06/14/99 06/15/99 1 5.1500 19,419,221.57 2,778.43 19,422,000.00
06/14/99 06/17/99 3 5.1000 20,991,075.00 8,925.00 21,000,000.00
06/14/99 06/21/99 7 5.1000 1,576,435.15 1,564.85 1,578,000.00
06/14/99 07/06/99 22 5.3000 49,838,055.56 161,944.44 50,000,000.00
06/15/99 06/22/99 7 5.1200 8,691,338.67 8,661.33 8,700,000.00
06/16/99 06/17/99 1 4.9500 44,173,925.25 6,074.75 44,180,000.00
06/16/99 07/01/99 15 5.3300 2,813,737.25 6,262.75 2,820,000.00
06/17/99 07/01/99 14 5.3300 49,896,361.11 103,638.89 50,000,000.00
06/17/99 06/18/99 1 4.8800 11,698,414.00 1,586.00 11,700,000.00
06/17/99 07/01/99 14 5.3300 2,494,818.06 5,181.94 2,500,000.00
06/18/99 06/21/99 3 5.0200 30,367,291.03 12,708.97 30,380,000.00
06/18/99 06/28/99 10 5.0700 7,609,268.50 10,731.50 7,620,000.00
06/21/99 06/29/99 8 5.0500 35,684,908.61 40,091.39 35,725,000.00
06/22/99 06/23/99 1 5.0000 7,848,909.72 1,090.28 7,850,000.00
06/23/99 07/02/99 9 5.3500 2,995,987.50 4,012.50 3,000,000.00
06/23/99 06/24/99 1 4.9800 4,999,308.33 691.67 5,000,000.00
06/24/99 06/25/99 1 5.0800 21,097,022.56 2,977.44 21,100,000.00
06/25/99 06/28/99 3 5.1500 25,988,841.67 11,158.33 26,000,000.00
06/25/99 06/28/99 3 5.1500 49,978,541.67 21,458.33 50,000,000.00
06/28/99 06/29/99 1 5.5500 39,993,833.33 6,166.67 40,000,000.00
06/28/99 06/29/99 1 5.6500 39,993,722.22 6,277.78 40,000,000.00
06/29/99 07/16/99 17 5.6500 41,302,507.82 110,492.18 41,413,000.00
06/29/99 07/13/99 14 5.7500 10,476,520.83 23,479.17 10,500,000.00
06/29/99 07/12/99 13 5.6200 47,403,601.39 96,398.61 47,500,000.00
06/29/99 07/14/99 15 5.6200 3,840,984.58 9,015.42 3,850,000.00
06/29/99 07/02/99 3 5.8500 38,201,367.75 18,632.25 38,220,000.00
06/29/99 07/06/99 7 5.7500 1,515,303.91 1,696.09 1,517,000.00
06/29/99 07/06/99 7 5.7500 5,993,291.67 6,708.33 6,000,000.00
06/29/99 07/01/99 2 5.8200 1,499,515.00 485.00 1,500,000.00
06/30/99 07/16/99 16 5.5500 5,985,200.00 14,800.00 6,000,000.00
06/30/99 07/01/99 1 6.1500 1,649,718.12 281.88 1,650,000.00
---------------- ---------------- ----------------
CP TOTAL 3,371,116,527.32 2,658,472.68 3,373,775,000.00
---------------- ---------------- ----------------
INDIANA MICHIGAN POWER COMPANY TOTAL 3,372,366,527.32 2,661,253.24 3,375,027,780.56
================ ================ ================
AVERAGE NUMBER OF DAYS 6.29
WEIGHTED AVERAGE RATE 5.0945
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:31
<CAPTION> PAGE: 34
QUARTERLY SHORT TERM DEBT REPORT
KENTUCKY POWER COMPANY
QUARTER ENDED 06/30/99
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 04/05/99 04/09/99 4 5.1922 950,000.00 548.07 950,548.07
05/28/99 07/06/99 39 5.1589 500,000.00 2,794.40 502,794.40
06/03/99 06/04/99 1 6.0600 300,000.00 50.50 300,050.50
---------------- ---------------- ----------------
BL TOTAL 1,750,000.00 3,392.97 1,753,392.97
CP 04/01/99 04/13/99 12 5.1700 29,449,161.67 50,838.33 29,500,000.00
04/06/99 04/08/99 2 4.9000 10,647,100.83 2,899.17 10,650,000.00
04/08/99 04/09/99 1 4.9000 9,648,686.53 1,313.47 9,650,000.00
04/09/99 04/16/99 7 4.9300 9,890,509.75 9,490.25 9,900,000.00
04/13/99 04/20/99 7 4.9500 27,473,531.25 26,468.75 27,500,000.00
04/13/99 04/20/99 7 4.9500 124,879.69 120.31 125,000.00
04/16/99 04/21/99 5 4.9400 8,694,030.83 5,969.17 8,700,000.00
04/20/99 04/27/99 7 4.9000 25,975,227.78 24,772.22 26,000,000.00
04/21/99 04/29/99 8 4.9000 8,990,200.00 9,800.00 9,000,000.00
04/23/99 05/05/99 12 4.9400 4,991,766.67 8,233.33 5,000,000.00
04/26/99 04/28/99 2 4.8800 1,699,539.11 460.89 1,700,000.00
04/27/99 05/03/99 6 5.0000 26,378,000.00 22,000.00 26,400,000.00
04/28/99 05/11/99 13 4.9900 13,974,772.78 25,227.22 14,000,000.00
04/28/99 05/11/99 13 4.9900 499,099.03 900.97 500,000.00
04/29/99 05/07/99 8 5.0500 8,590,348.89 9,651.11 8,600,000.00
05/03/99 05/14/99 11 5.0500 24,961,423.61 38,576.39 25,000,000.00
05/03/99 05/18/99 15 5.0400 5,488,450.00 11,550.00 5,500,000.00
05/04/99 05/12/99 8 5.0200 1,997,768.89 2,231.11 2,000,000.00
05/05/99 05/19/99 14 5.0300 5,988,263.33 11,736.67 6,000,000.00
05/07/99 05/21/99 14 4.9900 7,984,475.56 15,524.44 8,000,000.00
05/11/99 05/25/99 14 4.9800 12,974,823.33 25,176.67 13,000,000.00
05/11/99 05/25/99 14 4.9800 1,646,804.50 3,195.50 1,650,000.00
05/12/99 05/20/99 8 4.9500 1,073,817.50 1,182.50 1,075,000.00
05/14/99 05/27/99 13 4.9800 23,956,840.00 43,160.00 24,000,000.00
05/18/99 05/28/99 10 5.0300 3,644,900.14 5,099.86 3,650,000.00
05/19/99 05/26/99 7 4.9700 5,494,684.86 5,315.14 5,500,000.00
05/21/99 06/07/99 17 4.9700 7,681,928.53 18,071.47 7,700,000.00
05/24/99 06/08/99 15 5.0200 4,490,587.50 9,412.50 4,500,000.00
05/25/99 06/14/99 20 5.0300 14,459,480.56 40,519.44 14,500,000.00
05/25/99 06/14/99 20 5.0300 1,994,411.11 5,588.89 2,000,000.00
05/26/99 06/04/99 9 5.0400 5,293,322.00 6,678.00 5,300,000.00
05/26/99 06/04/99 9 5.0400 99,874.00 126.00 100,000.00
05/27/99 06/04/99 8 5.0800 23,473,471.11 26,528.89 23,500,000.00
06/01/99 06/16/99 15 5.1500 1,297,210.42 2,789.58 1,300,000.00
06/04/99 06/16/99 12 5.0000 28,951,666.67 48,333.33 29,000,000.00
06/07/99 06/17/99 10 4.9500 8,987,625.00 12,375.00 9,000,000.00
06/08/99 06/30/99 22 5.0000 3,165,298.61 9,701.39 3,175,000.00
06/10/99 06/11/99 1 4.9000 6,999,047.22 952.78 7,000,000.00
06/11/99 06/18/99 7 5.0500 6,993,126.39 6,873.61 7,000,000.00
06/14/99 07/07/99 23 5.2200 15,946,640.00 53,360.00 16,000,000.00
06/16/99 07/16/99 30 5.3000 19,911,666.67 88,333.33 20,000,000.00
06/17/99 07/09/99 22 5.3000 4,983,805.56 16,194.44 5,000,000.00
06/17/99 07/09/99 22 5.3000 672,813.75 2,186.25 675,000.00
06/18/99 06/25/99 7 4.9000 6,094,188.06 5,811.94 6,100,000.00
06/18/99 06/25/99 7 4.9000 199,809.44 190.56 200,000.00
06/21/99 06/22/99 1 4.9000 7,498,979.17 1,020.83 7,500,000.00
06/22/99 06/23/99 1 4.9500 6,499,106.25 893.75 6,500,000.00
06/22/99 06/23/99 1 4.9500 299,958.75 41.25 300,000.00
06/23/99 06/24/99 1 4.9300 6,599,096.17 903.83 6,600,000.00
06/24/99 07/06/99 12 5.4000 5,989,200.00 10,800.00 6,000,000.00
06/25/99 07/02/99 7 5.5500 7,491,906.25 8,093.75 7,500,000.00
06/25/99 07/02/99 7 5.5500 674,271.56 728.44 675,000.00
06/28/99 06/29/99 1 5.5000 999,847.22 152.78 1,000,000.00
---------------- ---------------- ----------------
CP TOTAL 479,987,444.50 737,555.50 480,725,000.00
---------------- ---------------- ----------------
KENTUCKY POWER COMPANY TOTAL 481,737,444.50 740,948.47 482,478,392.97
================ ================ ================
AVERAGE NUMBER OF DAYS 10.52
WEIGHTED AVERAGE RATE 5.0336
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:31
<CAPTION> PAGE: 38
QUARTERLY SHORT TERM DEBT REPORT
KINGSPORT POWER COMPANY
QUARTER ENDED 06/30/99
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 04/01/99 04/08/99 7 5.2856 150,000.00 154.16 150,154.16
04/05/99 04/08/99 3 5.1922 200,000.00 86.54 200,086.54
04/06/99 04/09/99 3 5.1500 3,950,000.00 1,695.21 3,951,695.21
04/08/99 04/13/99 5 5.2222 100,000.00 72.53 100,072.53
04/09/99 04/14/99 5 5.1300 3,675,000.00 2,618.44 3,677,618.44
04/14/99 04/16/99 2 5.0000 2,500,000.00 694.44 2,500,694.44
04/15/99 04/16/99 1 5.1922 125,000.00 18.03 125,018.03
04/16/99 04/21/99 5 5.1250 2,475,000.00 1,761.72 2,476,761.72
04/21/99 04/23/99 2 5.1300 150,000.00 42.75 150,042.75
04/28/99 04/30/99 2 5.0600 5,800,000.00 1,630.44 5,801,630.44
04/30/99 05/04/99 4 5.1300 5,900,000.00 3,363.00 5,903,363.00
05/04/99 05/07/99 3 5.1300 5,650,000.00 2,415.38 5,652,415.38
05/07/99 05/11/99 4 5.0600 5,550,000.00 3,120.33 5,553,120.33
05/11/99 05/13/99 2 5.0600 4,750,000.00 1,335.28 4,751,335.28
05/13/99 05/14/99 1 5.0600 4,125,000.00 579.79 4,125,579.79
05/14/99 05/19/99 5 5.0600 4,000,000.00 2,811.11 4,002,811.11
05/19/99 05/21/99 2 5.0000 2,200,000.00 611.11 2,200,611.11
05/21/99 05/27/99 6 5.1200 1,050,000.00 896.00 1,050,896.00
05/26/99 06/04/99 9 5.3400 3,425,000.00 4,572.38 3,429,572.38
05/27/99 06/08/99 12 5.1300 1,000,000.00 1,710.00 1,001,710.00
06/04/99 06/11/99 7 5.2800 2,825,000.00 2,900.33 2,827,900.33
06/08/99 06/09/99 1 5.0021 200,000.00 27.79 200,027.79
06/10/99 06/18/99 8 5.4000 400,000.00 480.00 400,480.00
06/11/99 06/16/99 5 5.3400 2,700,000.00 2,002.50 2,702,002.50
06/16/99 06/18/99 2 5.2800 1,650,000.00 484.00 1,650,484.00
06/18/99 06/22/99 4 5.2800 1,850,000.00 1,085.33 1,851,085.33
06/22/99 06/25/99 3 5.2125 925,000.00 401.80 925,401.80
06/25/99 07/02/99 7 5.8000 800,000.00 902.22 800,902.22
06/28/99 07/06/99 8 5.5600 4,025,000.00 4,973.11 4,029,973.11
---------------- ---------------- ----------------
BL TOTAL 72,150,000.00 43,445.72 72,193,445.72
---------------- ---------------- ----------------
KINGSPORT POWER COMPANY TOTAL 72,150,000.00 43,445.72 72,193,445.72
================ ================ ================
AVERAGE NUMBER OF DAYS 4.41
WEIGHTED AVERAGE RATE 5.1641
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:31
<CAPTION> PAGE: 40
QUARTERLY SHORT TERM DEBT REPORT
OHIO POWER COMPANY
QUARTER ENDED 06/30/99
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 04/20/99 04/22/99 2 5.0300 5,000,000.00 1,397.22 5,001,397.22
05/18/99 05/20/99 2 5.3800 45,000,000.00 13,450.00 45,013,450.00
05/18/99 05/20/99 2 5.3800 6,200,000.00 1,853.11 6,201,853.11
06/16/99 06/17/99 1 5.2500 25,000,000.00 3,645.83 25,003,645.83
---------------- ---------------- ----------------
BL TOTAL 81,200,000.00 20,346.16 81,220,346.16
CP 04/01/99 04/07/99 6 5.4000 18,982,900.00 17,100.00 19,000,000.00
04/01/99 04/05/99 4 5.8000 16,989,044.44 10,955.56 17,000,000.00
04/05/99 04/14/99 9 5.1000 40,348,490.00 51,510.00 40,400,000.00
04/05/99 04/06/99 1 5.1000 1,974,720.21 279.79 1,975,000.00
04/06/99 04/19/99 13 5.1000 32,165,652.29 59,347.71 32,225,000.00
04/06/99 04/20/99 14 5.0700 29,940,850.00 59,150.00 30,000,000.00
04/07/99 04/08/99 1 4.9600 12,998,208.89 1,791.11 13,000,000.00
04/07/99 04/08/99 1 4.9600 3,199,559.11 440.89 3,200,000.00
04/08/99 04/09/99 1 4.9000 6,499,115.28 884.72 6,500,000.00
04/08/99 04/09/99 1 4.9000 2,599,646.11 353.89 2,600,000.00
04/09/99 04/21/99 12 5.0200 10,981,593.33 18,406.67 11,000,000.00
04/12/99 04/13/99 1 4.9400 8,498,833.61 1,166.39 8,500,000.00
04/13/99 04/19/99 6 4.9400 31,474,065.00 25,935.00 31,500,000.00
04/14/99 04/19/99 5 5.0200 9,993,027.78 6,972.22 10,000,000.00
04/14/99 04/15/99 1 4.9000 33,495,440.28 4,559.72 33,500,000.00
04/14/99 04/15/99 1 4.9000 1,799,755.00 245.00 1,800,000.00
04/15/99 04/19/99 4 5.0300 4,427,524.12 2,475.88 4,430,000.00
04/15/99 04/16/99 1 5.0700 41,464,159.64 5,840.36 41,470,000.00
04/16/99 04/19/99 3 4.8500 47,480,802.08 19,197.92 47,500,000.00
04/16/99 04/19/99 3 4.8500 2,998,787.50 1,212.50 3,000,000.00
04/16/99 04/22/99 6 4.9500 19,483,912.50 16,087.50 19,500,000.00
04/16/99 04/22/99 6 4.9500 49,958,750.00 41,250.00 50,000,000.00
04/16/99 04/26/99 10 5.0500 3,095,651.39 4,348.61 3,100,000.00
04/19/99 04/23/99 4 4.9500 49,972,500.00 27,500.00 50,000,000.00
04/19/99 04/22/99 3 4.9000 1,999,183.33 816.67 2,000,000.00
04/19/99 04/23/99 4 4.9500 32,981,850.00 18,150.00 33,000,000.00
04/19/99 04/21/99 2 4.9000 14,995,916.67 4,083.33 15,000,000.00
04/20/99 04/27/99 7 4.9300 24,976,034.72 23,965.28 25,000,000.00
04/21/99 04/28/99 7 4.9300 17,982,745.00 17,255.00 18,000,000.00
04/22/99 04/23/99 1 4.7700 1,199,841.00 159.00 1,200,000.00
04/22/99 04/28/99 6 4.8700 46,462,257.50 37,742.50 46,500,000.00
04/22/99 04/29/99 7 4.8900 24,476,704.58 23,295.42 24,500,000.00
04/23/99 04/29/99 6 4.8200 26,828,430.50 21,569.50 26,850,000.00
04/23/99 04/30/99 7 4.8300 24,976,520.83 23,479.17 25,000,000.00
04/23/99 04/26/99 3 4.7500 6,997,229.17 2,770.83 7,000,000.00
04/23/99 05/03/99 10 4.9500 21,120,918.75 29,081.25 21,150,000.00
04/26/99 05/03/99 7 4.9700 11,988,403.33 11,596.67 12,000,000.00
04/26/99 04/27/99 1 4.8500 3,599,515.00 485.00 3,600,000.00
04/27/99 05/03/99 6 5.0000 18,484,583.33 15,416.67 18,500,000.00
04/27/99 05/03/99 6 5.0000 3,397,166.67 2,833.33 3,400,000.00
04/28/99 04/29/99 1 4.9200 24,996,583.33 3,416.67 25,000,000.00
04/28/99 05/03/99 5 4.9900 19,926,180.47 13,819.53 19,940,000.00
04/28/99 05/04/99 6 5.0000 13,978,341.67 11,658.33 13,990,000.00
04/28/99 05/05/99 7 5.0000 999,027.78 972.22 1,000,000.00
04/28/99 05/07/99 9 5.0000 2,192,256.25 2,743.75 2,195,000.00
04/28/99 04/29/99 1 4.9500 27,871,167.19 3,832.81 27,875,000.00
04/28/99 04/29/99 1 4.9500 49,993,125.00 6,875.00 50,000,000.00
04/29/99 05/03/99 4 4.9900 24,986,138.89 13,861.11 25,000,000.00
04/29/99 05/03/99 4 5.0200 34,980,477.78 19,522.22 35,000,000.00
04/29/99 05/06/99 7 5.0100 49,951,291.67 48,708.33 50,000,000.00
04/29/99 05/04/99 5 5.0000 2,593,197.92 1,802.08 2,595,000.00
04/29/99 04/30/99 1 5.0000 33,825,301.39 4,698.61 33,830,000.00
04/29/99 05/07/99 8 5.0000 2,996,666.67 3,333.33 3,000,000.00
04/30/99 05/13/99 13 5.0200 24,954,680.56 45,319.44 25,000,000.00
04/30/99 05/10/99 10 5.0200 11,483,963.89 16,036.11 11,500,000.00
04/30/99 05/13/99 13 5.0200 23,457,399.72 42,600.28 23,500,000.00
04/30/99 05/03/99 3 5.1700 4,997,845.83 2,154.17 5,000,000.00
05/03/99 05/04/99 1 5.2500 49,992,708.33 7,291.67 50,000,000.00
05/03/99 05/04/99 1 5.2500 18,752,264.90 2,735.10 18,755,000.00
05/03/99 05/14/99 11 5.0800 14,976,716.67 23,283.33 15,000,000.00
05/03/99 05/05/99 2 5.1500 2,349,327.64 672.36 2,350,000.00
05/03/99 05/06/99 3 5.1000 2,673,863.12 1,136.88 2,675,000.00
05/03/99 05/04/99 1 5.2200 49,992,750.00 7,250.00 50,000,000.00
05/03/99 05/07/99 4 5.0700 8,565,172.23 4,827.77 8,570,000.00
05/04/99 05/11/99 7 5.0300 8,991,197.50 8,802.50 9,000,000.00
05/04/99 05/17/99 13 5.0300 49,909,180.56 90,819.44 50,000,000.00
05/04/99 05/05/99 1 5.0000 1,999,722.22 277.78 2,000,000.00
05/04/99 05/12/99 8 5.0300 17,979,880.00 20,120.00 18,000,000.00
05/04/99 05/14/99 10 5.0300 29,958,083.33 41,916.67 30,000,000.00
05/05/99 05/06/99 1 4.9000 4,999,319.44 680.56 5,000,000.00
05/05/99 05/12/99 7 5.0000 7,992,222.22 7,777.78 8,000,000.00
05/06/99 05/14/99 8 4.9300 49,945,222.22 54,777.78 50,000,000.00
05/06/99 05/14/99 8 4.9300 4,994,522.22 5,477.78 5,000,000.00
05/07/99 05/10/99 3 4.8500 11,990,152.02 4,847.98 11,995,000.00
05/07/99 05/17/99 10 4.9300 1,003,623.71 1,376.29 1,005,000.00
05/10/99 05/17/99 7 4.9700 20,979,705.83 20,294.17 21,000,000.00
05/10/99 05/17/99 7 4.9700 649,371.85 628.15 650,000.00
05/11/99 05/18/99 7 4.9500 5,344,850.62 5,149.38 5,350,000.00
05/12/99 05/18/99 6 4.9300 21,981,923.33 18,076.67 22,000,000.00
05/12/99 05/13/99 1 4.8300 1,799,758.50 241.50 1,800,000.00
05/13/99 05/17/99 4 4.9500 39,273,387.75 21,612.25 39,295,000.00
05/13/99 05/17/99 4 4.9500 10,998,947.25 6,052.75 11,005,000.00
05/13/99 05/14/99 1 4.8500 924,875.38 124.62 925,000.00
05/14/99 05/17/99 3 4.9300 20,291,660.08 8,339.92 20,300,000.00
05/14/99 05/17/99 3 4.9500 7,796,782.50 3,217.50 7,800,000.00
05/14/99 05/17/99 3 4.9500 29,987,625.00 12,375.00 30,000,000.00
05/14/99 05/18/99 4 4.9500 49,972,500.00 27,500.00 50,000,000.00
05/14/99 05/18/99 4 4.9500 1,898,955.00 1,045.00 1,900,000.00
05/17/99 05/18/99 1 5.2200 49,992,750.00 7,250.00 50,000,000.00
05/17/99 05/19/99 2 5.1300 9,074,413.05 2,586.95 9,077,000.00
05/17/99 05/24/99 7 5.1200 49,950,222.22 49,777.78 50,000,000.00
05/17/99 05/24/99 7 5.1200 36,963,164.44 36,835.56 37,000,000.00
05/17/99 05/18/99 1 5.1800 5,049,273.36 726.64 5,050,000.00
05/17/99 05/18/99 1 5.3200 40,916,952.49 6,047.51 40,923,000.00
05/18/99 05/20/99 2 5.0000 24,993,055.56 6,944.44 25,000,000.00
05/18/99 05/19/99 1 5.0000 34,995,138.89 4,861.11 35,000,000.00
05/19/99 05/20/99 1 4.9200 12,698,264.33 1,735.67 12,700,000.00
05/19/99 05/20/99 1 4.9200 7,713,945.62 1,054.38 7,715,000.00
05/19/99 05/21/99 2 4.9400 24,993,138.89 6,861.11 25,000,000.00
05/19/99 05/25/99 6 4.9700 2,283,107.26 1,892.74 2,285,000.00
05/20/99 05/28/99 8 4.9400 9,989,022.22 10,977.78 10,000,000.00
05/20/99 05/28/99 8 4.9400 49,945,111.11 54,888.89 50,000,000.00
05/20/99 05/21/99 1 4.8500 49,993,263.89 6,736.11 50,000,000.00
05/20/99 05/21/99 1 4.8500 11,998,383.33 1,616.67 12,000,000.00
05/21/99 06/09/99 19 5.0100 35,904,810.00 95,190.00 36,000,000.00
05/21/99 05/24/99 3 4.8800 33,986,173.33 13,826.67 34,000,000.00
05/24/99 06/09/99 16 5.0000 49,888,888.89 111,111.11 50,000,000.00
05/24/99 05/25/99 1 4.9200 36,994,943.33 5,056.67 37,000,000.00
05/24/99 06/09/99 16 5.0000 49,888,888.89 111,111.11 50,000,000.00
05/25/99 05/26/99 1 4.8500 17,497,642.36 2,357.64 17,500,000.00
05/25/99 06/07/99 13 5.0000 1,457,363.89 2,636.11 1,460,000.00
05/25/99 06/09/99 15 5.0000 13,636,531.25 28,468.75 13,665,000.00
05/26/99 05/27/99 1 4.9700 12,498,274.31 1,725.69 12,500,000.00
05/27/99 05/28/99 1 5.1000 8,398,810.00 1,190.00 8,400,000.00
05/28/99 06/08/99 11 5.0800 6,989,134.44 10,865.56 7,000,000.00
05/28/99 06/01/99 4 5.1500 15,291,245.00 8,755.00 15,300,000.00
05/28/99 06/14/99 17 5.0500 42,897,456.94 102,543.06 43,000,000.00
06/01/99 06/04/99 3 5.1700 9,995,691.67 4,308.33 10,000,000.00
06/01/99 06/04/99 3 5.2200 37,083,861.50 16,138.50 37,100,000.00
06/04/99 06/14/99 10 5.0100 34,951,291.67 48,708.33 35,000,000.00
06/04/99 06/16/99 12 5.0100 9,983,300.00 16,700.00 10,000,000.00
06/07/99 06/11/99 4 4.9800 4,997,233.33 2,766.67 5,000,000.00
06/07/99 06/11/99 4 4.9500 3,598,020.00 1,980.00 3,600,000.00
06/08/99 06/16/99 8 4.9500 17,880,310.00 19,690.00 17,900,000.00
06/09/99 06/16/99 7 5.0000 36,914,076.39 35,923.61 36,950,000.00
06/09/99 06/16/99 7 5.0000 35,015,923.61 34,076.39 35,050,000.00
06/10/99 07/06/99 26 5.1600 33,873,293.33 126,706.67 34,000,000.00
06/10/99 06/11/99 1 4.9500 1,099,848.75 151.25 1,100,000.00
06/11/99 06/17/99 6 4.9900 7,993,346.67 6,653.33 8,000,000.00
06/14/99 06/21/99 7 5.0900 42,957,441.94 42,558.06 43,000,000.00
06/14/99 07/07/99 23 5.2700 33,586,533.97 113,466.03 33,700,000.00
06/15/99 06/16/99 1 5.1300 1,924,725.69 274.31 1,925,000.00
06/16/99 06/17/99 1 4.9500 19,997,250.00 2,750.00 20,000,000.00
06/17/99 06/23/99 6 5.0000 39,966,666.67 33,333.33 40,000,000.00
06/17/99 06/22/99 5 4.9700 18,787,022.78 12,977.22 18,800,000.00
06/18/99 06/21/99 3 5.0200 3,908,364.32 1,635.68 3,910,000.00
06/18/99 06/25/99 7 5.0000 3,286,801.39 3,198.61 3,290,000.00
06/21/99 06/24/99 3 5.0300 36,709,606.10 15,393.90 36,725,000.00
06/21/99 06/24/99 3 5.0300 5,337,761.65 2,238.35 5,340,000.00
06/21/99 06/25/99 4 5.0300 32,916,592.99 18,407.01 32,935,000.00
06/22/99 07/23/99 31 5.2700 9,954,619.44 45,380.56 10,000,000.00
06/23/99 07/06/99 13 5.3500 28,744,360.00 55,640.00 28,800,000.00
06/23/99 06/24/99 1 5.1000 4,884,307.96 692.04 4,885,000.00
06/23/99 02/04/00 226 5.9000 1,458,886.08 56,113.92 1,515,000.00
06/24/99 06/25/99 1 5.0800 3,999,435.56 564.44 4,000,000.00
06/24/99 07/09/99 15 5.3500 36,219,081.25 80,918.75 36,300,000.00
06/24/99 01/25/00 215 5.9300 964,584.72 35,415.28 1,000,000.00
06/25/99 01/18/00 207 5.9300 3,863,610.00 136,390.00 4,000,000.00
06/25/99 06/28/99 3 5.1000 19,991,500.00 8,500.00 20,000,000.00
06/25/99 06/28/99 3 5.1000 3,998,300.00 1,700.00 4,000,000.00
06/25/99 07/02/99 7 5.4500 13,985,163.89 14,836.11 14,000,000.00
06/28/99 06/29/99 1 5.5000 14,997,708.33 2,291.67 15,000,000.00
06/28/99 06/29/99 1 5.5000 1,799,725.00 275.00 1,800,000.00
06/29/99 07/13/99 14 5.6000 14,847,594.67 32,405.33 14,880,000.00
06/29/99 07/12/99 13 5.6000 1,117,735.11 2,264.89 1,120,000.00
06/30/99 09/30/99 92 5.4800 5,201,126.56 73,873.44 5,275,000.00
06/30/99 07/07/99 7 5.6000 2,737,016.44 2,983.56 2,740,000.00
06/30/99 07/12/99 12 5.5500 6,747,494.00 12,506.00 6,760,000.00
---------------- ---------------- ----------------
CP TOTAL 3,061,596,789.09 3,078,210.91 3,064,675,000.00
---------------- ---------------- ----------------
OHIO POWER COMPANY TOTAL 3,142,796,789.09 3,098,557.07 3,145,895,346.16
================ ================ ================
AVERAGE NUMBER OF DAYS 10.12
WEIGHTED AVERAGE RATE 5.0432
</TABLE>
<PAGE>
<TABLE>
1CMGR4760 AMERICAN ELECTRIC POWER SERVICE CORPORATION DATE: 07/06/99
CASH MANAGEMENT SYSTEM TIME: 15:56:32
<CAPTION> PAGE: 49
QUARTERLY SHORT TERM DEBT REPORT
WHEELING POWER COMPANY
QUARTER ENDED 06/30/99
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 04/05/99 04/09/99 4 5.1922 125,000.00 72.11 125,072.11
04/07/99 04/09/99 2 5.2750 2,225,000.00 652.05 2,225,652.05
04/09/99 04/13/99 4 5.1800 2,200,000.00 1,266.22 2,201,266.22
04/13/99 04/16/99 3 5.2700 1,575,000.00 691.69 1,575,691.69
04/16/99 04/21/99 5 5.1500 1,150,000.00 822.57 1,150,822.57
04/27/99 04/30/99 3 5.2800 2,300,000.00 1,012.00 2,301,012.00
04/30/99 05/04/99 4 5.3400 2,400,000.00 1,424.00 2,401,424.00
05/03/99 05/04/99 1 5.5500 275,000.00 42.40 275,042.40
05/04/99 05/07/99 3 5.2800 2,750,000.00 1,210.00 2,751,210.00
05/07/99 05/11/99 4 5.2200 2,725,000.00 1,580.50 2,726,580.50
05/11/99 05/13/99 2 5.0900 2,175,000.00 615.04 2,175,615.04
05/13/99 05/14/99 1 5.2200 1,975,000.00 286.38 1,975,286.38
05/14/99 05/19/99 5 5.3000 1,800,000.00 1,325.00 1,801,325.00
05/26/99 05/28/99 2 5.2500 2,350,000.00 685.42 2,350,685.42
05/28/99 06/04/99 7 5.4000 2,175,000.00 2,283.75 2,177,283.75
06/04/99 06/11/99 7 5.1800 1,975,000.00 1,989.26 1,976,989.26
06/11/99 06/16/99 5 5.2300 1,725,000.00 1,253.02 1,726,253.02
06/24/99 06/25/99 1 4.9655 2,225,000.00 306.90 2,225,306.90
06/25/99 06/29/99 4 5.0922 2,150,000.00 1,216.47 2,151,216.47
06/29/99 07/02/99 3 5.2823 1,850,000.00 814.35 1,850,814.35
---------------- ---------------- ----------------
BL TOTAL 38,125,000.00 19,549.13 38,144,549.13
---------------- ---------------- ----------------
WHEELING POWER COMPANY TOTAL 38,125,000.00 19,549.13 38,144,549.13
================ ================ ================
AVERAGE NUMBER OF DAYS 3.50
WEIGHTED AVERAGE RATE 5.2265
</TABLE>
