<PAGE>
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
- ----------------------------------------------
:
In the Matter of :
:
OHIO VALLEY ELECTRIC CORPORATION : CERTIFICATE OF
Piketon, Ohio : NOTIFICATION
: NO. 5
(70-8527) :
:
Public Utility Holding Company Act of 1935 :
- ----------------------------------------------:
THIS IS TO CERTIFY THAT OHIO VALLEY ELECTRIC CORPORATION, in accordance
with the terms and conditions of, and for the purposes represented by the
Application or declaration herein, the order of the Securities and Exchange
Commission with respect thereto, dated December 28, 1994, amended December 12,
1996 and March 4, 1998, made short-term note borrowings from banks during the
calendar quarter ended March 31, 1999, as summarized in Exhibit A.
This Certificate of Notification is filed pursuant to the Commission's
Order in this proceeding.
OHIO VALLEY ELECTRIC CORPORATION
By: /s/ John F. Di Lorenzo, Jr.
Assistant Secretary
Dated: April 7, 1999
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<TABLE>
EXHIBIT A
<CAPTION>
SHORT TERM ISSUE MATURITY INTEREST PRINCIPAL MATURITY
DEBT TYPE DATE DATE DAYS RATE % BORROWED INTEREST VALUE
<S> <C> <C> <C> <C> <C> <C> <C>
BL 2/11/99 8/11/99 181 5.51000 $10,000,000.00 277,030.56 10,277,030.56
2/17/99 8/16/99 181 5.56000 5,000,000.00 139,772.22 5,139,772.22
3/19/99 9/15/99 180 5.81000 5,000,000.00 145,250.00 5,145,250.00
3/22/99 9/22/99 184 5.85000 5,000,000.00 149,500.00 5,149,500.00
</TABLE>
