<PAGE> File No. 70-8581
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
AMENDMENT NO. 1
TO
FORM U-1
APPLICATION OR DECLARATION
under the
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
* * *
KINGSPORT POWER COMPANY
422 Broad Street, Kingsport, Tennessee 37660
WHEELING POWER COMPANY
51-16th Street, Wheeling, West Virginia 26003
(Name of companies filing this statement and
addresses of principal executive offices)
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
(Name of top registered holding company
parent of each applicant or declarant)
* * *
G. P. Maloney, Executive Vice President
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
Jeffrey D. Cross, Assistant General Counsel
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)
Kingsport Power Company ("Kingsport") and Wheeling Power
Company ("Wheeling"), (each a "Borrower"), subsidiary companies of
American Electric Power Company, Inc. ("AEP"), a registered holding
company under the Public Utility Holding Company Act of 1935 (the
"Act"), hereby amend their Application or Declaration on Form U-1
in File No. 70-8581 as follows:
1. By amending and restating the ninth and tenth paragraphs
of ITEM 1. DESCRIPTION OF PROPOSED TRANSACTION:
"Kingsport proposes to use the proceeds realized from the
term loans to refund long-term debt, and to the extent
internally generated funds are insufficient, to fund its
construction program, or to repay short-term unsecured
indebtedness incurred to refund long-term debt or to fund its
construction program. Kingsport has two maturing term loans;
a $2,000,000 term loan due November 1, 1995 bearing interest
at 9.72% per annum and a $10,000,000 term loan due January 22,
1996 bearing interest at 10.78% per annum. At February 1,
1995 Kingsport had $3,350,000 of short-term debt outstanding.
Kingsport estimates that its construction costs (exclusive of
allowance for funds used during construction) will be
$9,000,000 during 1995 and $4,100,000 during 1996.
Wheeling proposes to use the proceeds realized from the
term loans to refund long-term debt, and to the extent
internally generated funds are insufficient, to fund its
construction program, or to repay short-term unsecured
indebtedness incurred to refund long-term debt or to fund its
construction program. Wheeling has two maturing term loans;
an $11,000,000 term loan due November 1, 1995 bearing interest
at 9.72% per annum and a $10,000,000 term loan due January 22,
1996 bearing interest at 10.78% per annum. At February 1,
1995 Wheeling had $7,825,000 of short-term debt outstanding.
Wheeling estimates that its construction costs (exclusive of
allowance for funds used during construction) will be
$5,500,000 during 1995 and $4,600,000 during 1996."
2. By adding this sentence to the end of ITEM 1.
DESCRIPTION OF PROPOSED TRANSACTION:
"None of the proceeds realized from the term loan will be used
by AEP or any subsidiary thereof for the acquisiton of any
interest in an EWG of FUCO."
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this statement to be signed on its behalf by the undersigned
thereunto duly authorized.
KINGSPORT POWER COMPANY
WHEELING POWER COMPANY
By /s/ G. P. Maloney
Vice President
Dated: March 13, 1995
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