<PAGE> File No. 70-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form U-1
APPLICATION OR DECLARATION
under the
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
* * *
APPALACHIAN POWER COMPANY
40 Franklin Road, Roanoke, Virginia 24022
COLUMBUS SOUTHERN POWER COMPANY
215 North Front Street, Columbus, Ohio 43215
INDIANA MICHIGAN POWER COMPANY
One Summit Square, Fort Wayne, Indiana 46801
KENTUCKY POWER COMPANY
1701 Central Avenue, Ashland, Kentucky 41101
KINGSPORT POWER COMPANY
422 Broad Street, Kingsport, Tennessee 37660
OHIO POWER COMPANY
339 Cleveland Avenue, S.W., Canton, Ohio 44702
WHEELING POWER COMPANY
51 - 16th Street, Wheeling, West Virginia 26003
* * *
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
(Name and addresses of agents for service)
ITEM 1. DESCRIPTION OF PROPOSED TRANSACTIONS
Appalachian Power Company, Columbus Southern Power Company,
Kentucky Power Company, Kingsport Power Company, Indiana Michigan
Power Company, Ohio Power Company and Wheeling Power Company,
(sometimes individually referred to herein as "Company" and
collectively as "Companies"), each request authorization herein to
market, construct, install, service, maintain, acquire, sell (and
sell maintenance agreements and warranties for) (i) equipment
generating, transmitting or distributing electric power or steam,
(ii) manufacturing and other equipment consuming electric power or
using steam (including electro-technologies), or (iii) equipment
providing load management or communications to the equipment
described in (i) or (ii) above (collectively, "Customer Equipment
Services"). In addition, each Company may broker Customer
Equipment Services provided by third party contractors and provide
energy management, technical, operating, training and consulting
services ("Customer Consulting Services"). Customer Equipment
Services and Customer Consulting Services will be provided for (i)
present and anticipated industrial, commercial and governmental
retail electric customers of the Company and of full and partial
requirement wholesale customers of the Company and (ii) present and
anticipated non-affiliated wholesale customers of the Company.
Customer Equipment Services will be provided at market-based fees;
the price for Customer Consulting Services will range from free to
market-based rates. The maximum annual revenues from Customer
Equipment Services for each Company will be 5% of the operating
revenues of the Company for the prior calendar year.
Each Company may also provide or broker financing to customers
in connection with Customer Equipment Services through direct loan,
installment purchase, operating or finance lease arrangements
(including sublease arrangements) or loan guarantees. The maximum
amount of equipment that each Company may finance at any one time
is 5% of capitalization of the Company at the end of the prior
calendar year. Interest on loans and imputed interest lease
payments will be at prevailing market rates. The obligations will
have terms ranging from one to thirty years and will be secured or
unsecured. Each Company will finance the Customer Equipment
Services with its general corporate funds and may assign
obligations acquired from customers to banks or other financial
institutions with or without recourse.
Transactions authorized in this proceeding will not apply to
the total amounts set forth in Rules 40(a)(5), 41 and 44.
Finally, each Company requests authorization to provide meter
reading, billing and other services to gas, water and other
utilities in their service territories. Such services would be
provided at market based rates.
It is proposed that the Companies file annually, within 120
days after the close of each calendar year, a statement by Company
as to the revenues from each authorized service and the amount of
authorized financings.
ITEM 2. FEES, COMMISSIONS AND EXPENSES
The expenses of the Companies in connection with the proposed
transactions are estimated not to exceed $10,000, consisting of
expenses to be billed at cost by American Electric Power Service
Corporation and the $2,000 filing fee to this Commission.
ITEM 3. APPLICABLE STATUTORY PROVISIONS
The Companies consider Sections 6, 7, 9(a), 10 and 12(d) of
the Public Utility Holding Company Act of 1935 and Rules 40(a)(5),
41 and 44 thereunder to be applicable to the proposed transactions.
Information regarding jurisdiction of commissions other than
the Securities and Exchange Commission will be supplied by
amendment.
ITEM 4. PROCEDURE.
It is requested, pursuant to Rule 23(c) of the Rules and
Regulations of the Commission, that the Commission's order
granting, and permitting to become effective this Application or
Declaration be issued on or before April 30, 1995. The Companies
waive any recommended decision by a hearing officer of or by any
other responsible officer of the Commission and waive the 30-day
waiting period between the issuance of the Commission's order and
the date it is to become effective, since it is desired that the
Commission's order, when issued, become effective forthwith. The
Companies consent to the Office of Public Utility Regulation
assisting in the preparation of the Commission's decision and/or
order in this matter, unless the Office opposes the matter covered
by this Application or Declaration.
ITEM 5. EXHIBITS AND FINANCIAL STATEMENTS.
The following exhibits and financial statements are filed as
part of this statement:
Exhibit F Opinion of Counsel (to be filed by amendment)
Exhibit H Form of Notice
It is believed that financial statements are not necessary or
relevant to the disposition of this proceeding.
ITEM 6. INFORMATION AS TO ENVIRONMENTAL EFFECTS.
It is believed that the proposed transactions will not have
any environmental effects which would require an environmental
impact statement under Section 102(c)(2) of the National Environ-
mental Policy Act. No other federal agency has prepared or is
preparing an environmental impact statement with respect to the
proposed transactions.
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 their behalf by the undersigned
thereunto duly authorized.
APPALACHIAN POWER COMPANY
COLUMBUS SOUTHERN POWER COMPANY
KENTUCKY POWER COMPANY
KINGSPORT POWER COMPANY
INDIANA MICHIGAN POWER COMPANY
OHIO POWER COMPANY
WHEELING POWER COMPANY
By /s/ G. P. Maloney
Vice President
Dated: March 15 , 1995
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Exhibit H
UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
Release No. /March , 1995
:
In the Matter of :
:
APPALACHIAN POWER COMPANY :
40 Franklin Road :
Roanoke, VA 24022 :
:
COLUMBUS SOUTHERN POWER COMPANY :
215 North Front Street :
Columbus, OH 43215 :
:
INDIANA MICHIGAN POWER COMPANY :
One Summit Square :
Fort Wayne, IN 46801 :
:
KENTUCKY POWER COMPANY :
1701 Central Avenue :
Ashland, KY 41101 :
:
KINGSPORT POWER COMPANY :
422 Broad Street :
Kingsport, TN 37660 :
:
OHIO POWER COMPANY :
301 Cleveland Avenue, S.W. :
Canton, OH 44702 :
:
WHEELING POWER COMPANY :
51-16th Street :
Wheeling, WV 26003 :
:
(70- ) :
________________________________________:
Appalachian Power Company, Columbus Southern Power Company, Indiana
Michigan Power Company, Kentucky Power Company, Kingsport Power
Company, Ohio Power Company and Wheeling Power Company
(individually, the "Company" and collectively, the "Companies"),
electric utility subsidiaries of American Electric Power Company,
Inc. ("American"), a registered holding company, have filed with
this Commission an Application or Declaration pursuant to Sections
6, 7, 9(a), 10 and 12(d) of the Public Utility Holding Company Act
of 1935 (the "Act") and Rules 40, 41 and 44 thereunder.
The Companies each propose, subject to the receipt of appropriate
authorization, to market, construct, install, service, maintain,
acquire, sell (and sell maintenance agreements and warranties for)
(i) equipment generating, transmitting or distributing electric
power or steam, (ii) manufacturing and other equipment consuming
electric power or using steam (including electro-technologies), or
(iii) equipment providing load management or communications to the
equipment described in (i) or (ii) above (collectively, "Customer
Equipment Services"). In addition, each Company may broker
Customer Equipment Services provided by third party contractors and
provide energy management, technical, operating, training and
consulting services ("Customer Consulting Services"). Customer
Equipment Services and Customer Consulting Services will be
provided for (i) present and anticipated industrial, commercial and
governmental retail electric customers of the Company and of full
and partial requirement wholesale customers of the Company and (ii)
present and anticipated non-affiliated wholesale customers of the
Company. Customer Equipment Services will be provided at market-
based fees; the price for Customer Consulting Services will range
from free to market-based rates. The maximum annual revenues from
Customer Equipment Services for each Company will be 5% of the
operating revenues of the Company for the prior calendar year.
Each Company may also provide or broker financing to customers in
connection with Customer Equipment Services through direct loan,
installment purchase, operating or finance lease arrangements
(including sublease arrangements) or loan guarantees. The maximum
amount of equipment that each Company may finance at any one time
is 5% of capitalization of the Company at the end of the prior
calendar year. Interest on loans and imputed interest lease
payments will be at prevailing market rates. The obligations will
have terms ranging from one to thirty years and will be secured or
unsecured. Each Company will finance the Customer Equipment
Services with its general corporate funds and may assign
obligations acquired from customers to banks or other financial
institutions with or without recourse.
Transactions authorized in this proceeding will not apply to the
total amounts set forth in Rules 40(a)(5), 41 and 44.
Finally, each Company requests authorization to provide meter
reading, billing and other services to gas, water and other
utilities in their service territories. Such services would be
provided at market based rates.
The Application or Declaration and any amendments thereto are
available for public inspection through the Commission's Office of
Public Reference. Interested persons wishing to comment or request
a hearing should submit their views in writing by April , 1995 to
the Secretary, Securities and Exchange Commission, Washington, D.C.
20549, and serve a copy on the applicants at the addresses
specified above. Proof of service (by affidavit or, in case of any
attorney at law, by certificate) should be filed with the request.
Any request for a hearing shall identify specifically the issues of
fact or law that are disputed. A person who so requests will be
notified of any hearing, if ordered, and will receive a copy of any
notice or order issued in this matter. After said date, the
Application or Declaration, as filed or as it may be amended, may
be permitted to become effective.
For the Commission, by the Office of Public Utility Regulation,
pursuant to delegated authority.
Jonathan G. Katz
Secretary
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