<PAGE>
APPALACHIAN POWER COMPANY
PUTNAM COAL TERMINAL
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 23272
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 1996
CONTENTS
Page
Statement of Transfer Fees Charged 1
Summary of Costs Incurred 2
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY
PUTNAM COAL TERMINAL
STATEMENT OF TRANSFER FEES CHARGED
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 1996
<CAPTION>
JULY 1996 AUGUST 1996 SEPTEMBER 1996
---------------------------- ---------------------------- -----------------------------
Tons Fee Amount Tons Fee Amount Tons Fee Amount
(per ton) (000) (per ton) (000) (per ton) (000)
-------- -------- -------- ------- -------- -------- -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
TRANSFER FEES CHARGED
Appalachian Power Company:(a)
Mountaineer Plant 126,849 $2.02 $256 80,076 $2.02 $162 143,265 $2.02 $289
Sporn Plant 1,662 $2.02 3
Ohio Power Company:(b)
Amos Plant (c) 115,135 N/A 2 (d) 115,603 N/A 2 (d) 109,150 N/A 2 (d)
Sporn Plant 4,229 $2.02 9
------- ---- ------- ---- ------- ----
TOTAL 241,984 $258 195,679 $164 258,306 $303
======= ==== ======= ==== ======= ====
(a) Excludes any return on investment since the Company's investment in the terminal is included in its rate base.
(b) Includes return on investment associated with the utilization of the terminal.
(c) Represents monthly settlement with Ohio Power Company in order to equalize the investment in the facilities that
are used in common by the Amos Plant and the Putnam Coal Terminal. The settlement is based on the usage of those
facilities and represents a return on investment and not a transfer fee.
(d) Estimated utilization payment.
N/A Not Applicable.
</TABLE>
<PAGE>
<TABLE>
APPALACHIAN POWER COMPANY
PUTNAM COAL TERMINAL
SUMMARY OF COSTS INCURRED
BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 1996
<CAPTION>
Three
Months
JULY AUGUST SEPTEMBER Ended
1996 1996 1996 9/30/96
(in thousands)
<S> <C> <C> <C> <C>
Salaries and Benefits $70 $60 $79 $209
Depreciation 60 60 60 180
Taxes Other Than Income Taxes* 17 17 17 51
Materials and Supplies 28 8 12 48
Electricity 10 10 10 30
Other 79 107 78 264
---- ---- ---- ----
Total** $264 $262 $256 $782
==== ==== ==== ====
* Excludes FICA, Federal Unemployment and State Unemployment. These costs
are reflected in salaries and benefits.
** Excludes cost of capital which is discussed in the footnotes on page 1.
</TABLE>
