OHIO POWER COMPANY
COOK COAL TERMINAL
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 22977
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1995
CONTENTS
Page
Statements of Transfer Fee Billings 1
Summary of Costs Incurred 2
Rate of Return on Investment 3
Rail Car Maintenance Facility
Report for the Year 1995 (Attachment)
<PAGE>
<TABLE>
OHIO POWER COMPANY
COOK COAL TERMINAL
STATEMENTS OF TRANSFER FEE BILLINGS
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1995
<CAPTION>
October 1995 November 1995 December 1995
-------------------------------- -------------------------------- ----------------------------
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>
SERVICE TO AFFILIATES
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant 1,025,582 $1.39 $1,425 947,306 $1.17 $1,108 921,513 $0.50 $461
Indiana Michigan Power Company
Tanners Creek - - - - - - 48,860 $0.50 24
SERVICE TO NON-AFFILIATES 233,351 $1.28 299 181,903 $1.13 205 170,601 $1.13 193
---------- ------- ---------- ------- ---------- ----
TOTAL 1,258,933 $1,724 1,129,209 $1,313 1,140,974 $678
========== ======= ========== ======= ========== ====
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY
COOK COAL TERMINAL
SUMMARY OF COSTS INCURRED
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1995
<CAPTION>
Three
Months
October November December Ended
1995 1995 1995 12/31/95
(in thousands)
<S> <C> <C> <C> <C>
Rents $589 $589 $589 $1,767
Labor-UMW* 162 152 149 463
Benefits-UMW* 137 94 55 286
Salaries and Benefits-Nonunion 51 52 56 159
Materials and Supplies 176 296 545 1,017
Billed Services 69 62 59 190
Taxes** 65 61 42 168
Administrative and General 295 35 414 744
Electricity 77 67 70 214
Cost-of-Capital 43 36 26 105
------ ------ ------ ------
TOTAL $1,664 $1,444 $2,005 $5,113
====== ====== ====== ======
* United Mine Workers of America.
** Excludes FICA, Federal Unemployment and State Unemployment. These
costs are reflected in employee benefits.
</TABLE>
<PAGE>
OHIO POWER COMPANY
COOK COAL TERMINAL
RAIL CAR MAINTENANCE FACILITY
ANNUAL REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 22977 and 25427
FOR THE YEAR ENDED DECEMBER 31, 1995
<PAGE>
<TABLE>
OHIO POWER COMPANY
COOK COAL TERMINAL AND RAIL CAR MAINTENANCE FACILITY
Rate of Return on Investments
<CAPTION>
After-Tax
Capitalization Percent Effective Weighted
Component at 12/31/95 of Total Cost Rate of Return
(000)
<S> <C> <C> <C> <C> <C> <C>
Long-Term Debt $1,104,774 (a) 43.56% 7.48% (c) 3.26%
Preferred Stock 156,240 6.16% 5.71% (c) 0.35%
Common Stock 1,275,172 (b) 50.28% 12.81% (d) 6.44%
---------- ------ ------
Total $2,536,186 100.00% 10.05%*
========== ====== ======
(a) Includes Long-Term Debt due in one-year and is net of
unamortized debt premium and discount, unamortized debt
expense, and the unamortized loss on reacquired debt.
(b) Common Equity includes the premium on preferred stock and
excludes undistributed subsidiary earnings.
(c) Embedded Cost at 12/31/95.
(d) The rate allowed by the PUCO in 1995 in a retail rate settlement
approved in March 1995.
* Rate will be applied for billing purposes to the twelve
months period commencing April 1, 1996.
</TABLE>
<PAGE>
<TABLE>
OHIO POWER COMPANY
COOK COAL TERMINAL
RAIL CAR MAINTENANCE FACILITY
STATEMENT OF BILLINGS AND COSTS INCURRED
FOR THE YEAR 1995
<CAPTION>
Affiliated Unaffiliated Total
(in thousands)
<S> <C> <C> <C>
Revenues:
Appalachian Power Company $5 - $5
Indiana Michigan Power Company 2,125 - 2,125
Ohio Power Company 59 - 59
Unaffiliated Companies - $82 82
----- --- -----
Total Revenues 2,189 82 2,271
Cost of Sales:
Labor 135 18 153
Material 1,123 11 1,134
Overheads 931 53 984
----- --- -----
Total Cost of Sales 2,189 82 2,271
Gross Margin $0 $0 $0
===== === =====
Affiliated work is recognized as revenue and billed one month
after the costs are incurred. Work for unaffiliated companies is
recognized as revenue one month after the costs are incurred, but
billed when the work is completed.
The above cost of sales does not include $305,000 of deferred
expensed as of December 31, 1995 related to December work
performed but not billed.
</TABLE>
