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, 1998
CONTENTS
Page
Statements of Transfer Fee Billings 1
Summary of Costs Incurred 2
Rail Car Maintenance Facility
Report for the Year 1998 (Attachment)
<PAGE>
<PAGE>
<TABLE>
OHIO POWER COMPANY
COOK COAL TERMINAL
STATEMENTS OF TRANSFER FEE BILLINGS
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1998
<CAPTION>
October 1998 November 1998 December 1998
Billings Billings Billings
Tons Unit Price Amount Tons Unit Price Amount Tons Unit Price 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 Electric
Corp:
Clifty Creek . . . . . . 205,606 $1.42 $ 292 23,943 $1.42 $ 34 77,516 $0.79 $ 61
Indiana Michigan Power
Company and AEP
Generating Company:
Rockport Plant . . . . . 657,657 $1.42 934 858,721 $1.42 1,219 855,372 $0.79 676
SERVICE TO NON-AFFILIATES. . 420,968 $2.17 913 443,878 $1.99 884 468,843 $2.42 1,134
TOTAL. . . . . . . . . . 1,284,231 $2,139 1,326,542 $2,137 1,401,731 $1,871
</TABLE>
<PAGE>
<PAGE>
OHIO POWER COMPANY
COOK COAL TERMINAL
SUMMARY OF COSTS INCURRED
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1998
Three
Months
October November December Ended
1998 1998 1998 12/31/98
(in thousands)
Rents. . . . . . . . . $ 587 $ 595 $ 588 $1,770
Labor-UMW* . . . . . . 228 205 208 641
Benefits-UMW*. . . . . 132 124 54 310
Salaries and
Benefits-Nonunion. . 51 46 50 147
Materials & Supplies . 104 269 452 825
Billed Services. . . . 28 113 802 943
Taxes**. . . . . . . . 51 51 54 156
Administrative and
General. . . . . . . 170 163 48 381
Inventory
Adjustments***. . . . (78) 220 90 232
Electricity. . . . . . 97 80 72 249
Cost-of-Capital. . . . 52 39 32 123
Total. . . . $1,422 $1,905 $2,450 $5,777
* United Mine Workers of America.
** Excludes FICA, Federal Unemployment and State Unemployment.
These costs are reflected in benefits.
*** Represents the net change in transfer costs assigned to coal
inventory at the terminal.
<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, 1998
<PAGE>
<PAGE>
OHIO POWER COMPANY
COOK COAL TERMINAL
RAIL CAR MAINTENANCE FACILITY
STATEMENT OF BILLINGS AND COSTS INCURRED
FOR THE YEAR 1998
Affiliated Unaffiliated Total
(in thousands)
Revenues:
Indiana Michigan Power Company. $1,999 $ - $1,999
Ohio Power Company. . . . . . . 42 - 42
Ohio Valley Electric Company. . 242 - 242
Unaffiliated Companies. . . . . - 129 129
Total Revenues. . . . . . . . 2,283 129 2,412
Cost of Sales:
Labor . . . . . . . . . . . . . 151 30 181
Material. . . . . . . . . . . . 1,025 8 1,033
Overheads . . . . . . . . . . . 1,107 91 1,198
Total Cost of Sales . . . . . 2,283 129 2,412
Gross Margin. . . . . . . . . . . $ - $ - $ -
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 $202,000 of deferred
expenses as of December 31, 1998 related to December work performed
but not yet billed.
