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Previous: VAN KAMPEN MERRITT TRUST /IL, 485BPOS, 1995-04-28 |
Next: INFINITY BROADCASTING CORP, DEF 14A, 1995-04-28 |
<PAGE>
Form U-13-60
Mutual and Subsidiary Service Companies
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1994 and Ending December 31, 1994
TO THE
U. S. SECURITIES AND EXCHANGE COMMISSION
OF
AEP Energy Services, Inc.
(Exact Name of Reporting Company)
A Special Purpose Company
Date of Incorporation March 16, 1982. If not Incorporated, Date
of Organization
State or Sovereign Power under which Incorporated or Organized
Ohio
Location of Principal Executive Offices of Reporting Company
1 Riverside Plaza, Columbus, Ohio 43215
Name, title, and address of officer to whom correspondence
concerning this report should be addressed:
1 Riverside Plaza
Gerald R. Knorr Assistant Treasurer Columbus, Ohio 43215
(Name) (Title) (Address)
Name of Principal Holding Company under which Reporting Company
is organized:
AMERICAN ELECTRIC POWER COMPANY, INC.
<PAGE>
1
INSTRUCTIONS FOR USE OF FORM U-13-60
1. Time of Filing.--Rule 94 provides that on or before the first
day of May in each calendar year, each mutual service company and
each subsidiary service company as to which the Commission shall
have made a favorable finding pursuant to Rule 88, and every
service company whose application for approval or declaration
pursuant to Rule 88 is pending shall file with the Commission an
annual report on Form U-13-60 and in accordance with the Instruc-
tions for that form.
2. Number of Copies.--Each annual report shall be filed in dupli-
cate. The company should prepare and retain at least one extra
copy for itself in case correspondence with reference to the
report becomes necessary.
3. Period Covered by Report.--The first report filed by any
company shall cover the period from the date the Uniform System of
Accounts was required to be made effective as to that company
under Rules 82 and 93 to the end of that calendar year. Sub-
sequent reports should cover a calendar year.
4. Report Format.--Reports shall be submitted on the forms pre-
pared by the Commission. If the space provided on any sheet of
such form is inadequate, additional sheets may be inserted of the
same size as a sheet of the form or folded to such size.
5. Money Amounts Displayed.--All money amounts required to be
shown in financial statements may be expressed in whole dollars,
in thousands of dollars or in hundred thousands of dollars, as
appropriate and subject to provisions of Regulation S-X
(S210.3-01(b)).
6. Deficits Displayed.--Deficits and other like entries shall be
indicated by the use of either brackets or a parenthesis with
corresponding reference in footnotes. (Regulation S-X,
S210.3-01(c)).
7. Major Amendments or Corrections.--Any company desiring to
amend or correct a major omission or error in a report after it
has been filed with the Commission shall submit an amended report
including only those pages, schedules, and entries that are to be
amended or corrected. A cover letter shall be submitted request-
ing the Commission to incorporate the amended report changes and
shall be signed by a duly authorized officer of the company.
8. Definitions.--Definitions contained in Instruction 01-8 to the
Uniform System of Accounts for Mutual Service Companies and Sub-
sidiary Service Companies, Public Utility Holding Company Act of
1935, as amended February 2, 1979 shall be applicable to words or
terms used specifically within this Form U-13-60.
9. Organization Chart.--The service company shall submit with
each annual report a copy of its current organization chart.
(Cont'd)
<PAGE>
1A
INSTRUCTIONS FOR USE OF FORM U-13-60
10. Methods of Allocation.--The service company shall submit with
each annual report a listing of the currently effective methods of
allocation being used by the service company and on file with the
Securities and Exchange Commission pursuant to the Public Utility
Holding Company Act of 1935.
11. Annual Statement of Compensation for Use of Capital Billed.--
The service company shall submit with each annual report a copy of
the annual statement supplied to each associate company in support
of the amount of compensation for use of capital billed during the
calendar year.
<PAGE>
2
LISTING OF SCHEDULES AND ANALYSIS OF ACCOUNTS
Page
Number
Schedule
Description of Schedules and Accounts or Account
Number
COMPARATIVE BALANCE SHEET Schedule I 4-5
COMPANY PROPERTY Schedule II 6-7
ACCUMULATED PROVISION FOR
DEPRECIATION AND AMORTIZATION
OF COMPANY PROPERTY Schedule III 8
INVESTMENTS Schedule IV 9
ACCOUNTS RECEIVABLE FROM ASSOCIATE
COMPANIES Schedule V 10
FUEL STOCK EXPENSES UNDISTRIBUTED Schedule VI 11
STORES EXPENSE UNDISTRIBUTED Schedule VII 12
MISCELLANEOUS CURRENT AND ACCRUED
ASSETS Schedule VIII 13
MISCELLANEOUS DEFERRED DEBITS Schedule IX 14
RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES Schedule X 15
PROPRIETARY CAPITAL Schedule XI 16
LONG-TERM DEBT Schedule XII 17
CURRENT AND ACCRUED LIABILITIES Schedule XIII 18
NOTES TO FINANCIAL STATEMENTS Schedule XIV 19
COMPARATIVE INCOME STATEMENT Schedule XV 20
ANALYSIS OF BILLING - ASSOCIATE
COMPANIES Account 457 21
ANALYSIS OF BILLING - NONASSOCIATE
COMPANIES Account 458 22
ANALYSIS OF CHARGES FOR SERVICE -
ASSOCIATE AND NONASSOCIATE COMPANIES Schedule XVI 23
SCHEDULE OF EXPENSE BY DEPARTMENT OR
SERVICE FUNCTION Schedule XVII 24-25
DEPARTMENTAL ANALYSIS OF SALARIES Account 920 26
OUTSIDE SERVICES EMPLOYED Account 923 27
EMPLOYEE PENSIONS AND BENEFITS Account 926 28
GENERAL ADVERTISING EXPENSES Account 930.1 29
MISCELLANEOUS GENERAL EXPENSES Account 930.2 30
RENTS Account 931 31
TAXES OTHER THAN INCOME TAXES Account 408 32
DONATIONS Account 426.1 33
OTHER DEDUCTIONS Account 426.5 34
NOTES TO STATEMENT OF INCOME Schedule XVIII 35
<PAGE>
3
LISTING OF INSTRUCTIONAL FILING REQUIREMENTS
Page
Number
Description of Reports or Statements
ORGANIZATION CHART 36
METHODS OF ALLOCATION 37
ANNUAL STATEMENT OF COMPENSATION FOR USE OF
CAPITAL BILLED 38
SIGNATURE CLAUSE 39
<PAGE>
<TABLE>
4
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE I - COMPARATIVE BALANCE SHEET
Give balance sheet of the company as of December 31 of the current and prior year.
ACCOUNT ASSETS AND OTHER DEBITS AS OF DECEMBER 31
CURRENT PRIOR
COMPANY PROPERTY
<S> <S> <C> <C>
101 Company property (Schedule II) $ 26,819 $ 26,819
107 Construction work in progress (Schedule II) -- --
Total Property 26,819 26,819
108 Less accumulated provision for depreciation and
amortization of company property
(Schedule III) 4,087 2,502
Net Company Property 22,732 24,317
INVESTMENTS
123 Investments in associate companies (Schedule IV) -- --
124 Other investments (Schedule IV) -- 2,931
Total Investments -- 2,931
CURRENT AND ACCRUED ASSETS
131 Cash 115,327 72,384
134 Special deposits 16 16
135 Working funds -- --
136 Temporary cash investments (Schedule IV) 99,823 274,435
141 Notes receivable -- --
143 Accounts receivable 455,975 72,360
144 Accumulated provision for uncollectible
accounts -- --
146 Accounts receivable from associate
companies (Schedule V) 585 --
152 Fuel stock expenses undistributed (Schedule VI) -- --
154 Materials and supplies -- --
163 Stores expense undistributed (Schedule VII) -- --
165 Prepayments 4,855 4,802
174 Miscellaneous current and accrued
assets (Schedule VIII) -- --
Total Current and Accrued Assets 676,581 423,997
DEFERRED DEBITS
181 Unamortized debt expense -- --
184 Clearing accounts -- --
186 Miscellaneous deferred debits (Schedule IX) 349,315 338,867
188 Research, development or demonstration
expenditures (Schedule X) -- --
190 Accumulated deferred income taxes 158 158
Total Deferred Debits 349,473 339,025
TOTAL ASSETS AND OTHER DEBITS $1,048,786 $790,270
</TABLE>
<PAGE>
<TABLE>
5
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE I - COMPARATIVE BALANCE SHEET
ACCOUNT LIABILITIES AND PROPRIETARY CAPTIAL AS OF DECEMBER 31
CURRENT PRIOR
PROPRIETARY CAPITAL
<S> <S> <C> <C>
201 Common stock issued (Schedule XI) $ 110,000 $ 110,000
211 Miscellaneous paid-in-capital (Schedule XI) 2,390,000 890,000
215 Appropriated retained earnings (Schedule XI) -- --
216 Unappropriated retained earnings (Schedule XI) (1,862,958) (301,079)
Total Proprietary Capital 637,042 698,921
LONG-TERM DEBT
223 Advances from associate companies (Schedule XII) -- --
224 Other long-term debt (Schedule XII) -- --
225 Unamortized premium on long-term debt -- --
226 Unamortized discount on long-term debt-debit -- --
Total Long-term Debt -- --
CURRENT AND ACCRUED LIABILITIES
231 Notes payable -- --
232 Accounts payable -- --
233 Notes payable to associate companies
(Schedule XIII) -- --
234 Accounts payable to associate companies
(Schedule XIII) 411,744 83,663
236 Taxes accrued -- --
237 Interest accrued -- --
238 Dividends declared -- --
241 Tax collections payable -- --
242 Miscellaneous current and accrued liabilities
(Schedule XIII) -- 440
Total Current and Accrued Liabilities 411,744 84,103
DEFERRED CREDITS
253 Other deferred credits -- 3,369
255 Accumulated deferred investment tax credits -- --
Total Deferred Credits -- 3,369
282 ACCUMULATED DEFERRED INCOME TAXES -- 3,877
TOTAL LIABILITIES AND PROPRIETARY CAPITAL $ 1,048,786 $ 790,270
</TABLE>
<PAGE>
<TABLE>
6
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE II - COMPANY PROPERTY
BALANCE AT RETIREMENTS OTHER BALANCE AT
BEGINNING ADDITIONS OR CHANGES 1/ CLOSE OF
DESCRIPTION OF YEAR SALES YEAR
COMPANY PROPERTY
Account
<S> <S> <C> <C> <C> <C> <C>
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE PLANT $26,819 $ -- $ -- $ -- $26,819
304 LAND AND LAND RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD IMPROVEMENTS
307 EQUIPMENT 2/
308 OFFICE FURNITURE AND
EQUIPMENT
309 AUTOMOBILES, OTHER
VEHICLES AND RELATED
GARAGE EQUIPMENT
310 AIRCRAFT AND AIRPORT
EQUIPMENT
311 OTHER COMPANY
PROPERTY 3/
SUB-TOTAL 26,819 -- -- -- 26,819
107 CONSTRUCTION WORK IN
PROGRESS 4/
TOTAL $26,819 $ -0- $ -0- $ -0- $26,819
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
Not Applicable.
</TABLE>
<PAGE>
<TABLE>
7
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE II - CONTINUED
2/ SUBACCOUNTS ARE REQUIRED FOR EACH CLASS OF EQUIPMENT OWNED. THE COMPANY SHALL
PROVIDE A LISTING BY SUBACCOUNT OF EQUIPMENT ADDITIONS DURING THE YEAR AND THE
BALANCE AT THE CLOSE OF THE YEAR:
BALANCE AT
SUBACCOUNT DESCRIPTION ADDITIONS CLOSE OF YEAR
<S> <C> <C>
Not Applicable.
TOTAL $ -0- $ -0-
3/ DESCRIBE OTHER COMPANY PROPERTY:
Not Applicable.
4/ DESCRIBE CONSTRUCTION WORK IN PROGRESS:
Not Applicable.
</TABLE>
<PAGE>
<TABLE>
8
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE III
ACCUMULATED PROVISION FOR DEPRECIATION
AND AMORTIZATION OF COMPANY PROPERTY
BALANCE AT ADDITIONS BALANCE AT
DESCRIPTION BEGINNING CHARGED RETIREMENTS OTHER CHANGES CLOSE OF
OF YEAR TO ADD (DEDUCT) 1/ YEAR
ACCOUNT 403
Account
<S> <S> <C> <C> <C> <C> <C>
301 ORGANIZATION
303 MISCELLANEOUS
INTANGIBLE
PLANT $2,502 $1,585 $ -- $ -- $4,087
304 LAND AND LAND
RIGHTS
305 STRUCTURES AND
IMPROVEMENTS
306 LEASEHOLD
IMPROVEMENTS
307 EQUIPMENT
308 OFFICE
FURNITURE AND
FIXTURES
309 AUTOMOBILES,
OTHER VEHICLES
AND RELATED
GARAGE EQUIPMENT
310 AIRCRAFT AND
AIRPORT EQUIPMENT
311 OTHER COMPANY
PROPERTY
TOTAL $2,502 $1,585 $ -0- $ -0- $4,087
1/ PROVIDE AN EXPLANATION OF THOSE CHANGES CONSIDERED MATERIAL:
Not Applicable.
</TABLE>
<PAGE>
<TABLE>
9
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE IV - INVESTMENTS
INSTRUCTIONS: Complete the following schedule concerning investments.
Under Account 124, "Other Investments", state each investment
separately, with description, including, the name of issuing
company, number of shares or principal amount, etc.
Under Account 136, "Temporary Cash Investments", list each
investment separately.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
<S> <C> <C>
ACCOUNT 123 - INVESTMENT IN ASSOCIATE COMPANIES
None
ACCOUNT 124 - OTHER INVESTMENTS
Investment in Joint Venture re
Rural Electrification Project
in Pakistan $ 2,931 $ --
ACCOUNT 136 - TEMPORARY CASH INVESTMENTS
Commercial Paper 274,435 99,823
TOTAL $277,366 $99,823
</TABLE>
<PAGE>
<TABLE>
10
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE V - ACCOUNTS RECEIVABLE FROM ASSOCIATE COMPANIES
INSTRUCTIONS: Complete the following schedule listing accounts receivable from
each associate company. Where the company has provided accommoda-
tion or convenience payments for associate companies, a separate
listing of total payments for each associate company by subaccount
should be provided.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 146 - ACCOUNTS RECEIVABLE FROM
ASSOCIATE COMPANIES
<S> <C> <C>
American Electric Power Service Corporation $ -- $585
TOTAL $ -0- $585
ANALYSIS OF CONVENIENCE OR ACCOMMODATION PAYMENTS: TOTAL
PAYMENTS
None
TOTAL PAYMENTS $ -0-
</TABLE>
<PAGE>
11
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE VI - FUEL STOCK EXPENSES UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect
to fuel stock expenses during the year and indicate amount
attributable to each associate company. Under the section
headed "Summary" listed below give an overall report of the
fuel functions performed by the company.
______________________________________________________________________________
D E S C R I P T I O N LABOR EXPENSES TOTAL
ACCOUNT 152 - FUEL STOCK EXPENSES UNDISTRIBUTED
None
TOTAL $ -0- $ -0- $ -0-
<PAGE>
12
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE VII - STORES EXPENSE UNDISTRIBUTED
INSTRUCTIONS: Report the amount of labor and expenses incurred with respect to
stores expense during the year and indicate amount attributable
to each associate company.
D E S C R I P T I O N LABOR EXPENSES TOTAL
ACCOUNT 163 - STORES EXPENSE UNDISTRIBUTED
None
TOTAL $ -0- $ -0- $ -0-
<PAGE>
13
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE VIII
MISCELLANEOUS CURRENT AND ACCRUED ASSETS
INSTRUCTIONS: Provide detail of items in this account. Items less than
$10,000 may be grouped, showing the number of items in
each group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 174 - MISCELLANEOUS CURRENT AND
ACCRUED ASSETS
None
TOTAL $ -0- $ -0-
<PAGE>
<TABLE>
14
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE IX - MISCELLANEOUS DEFERRED DEBITS
INSTRUCTIONS: Provide detail of items in this account. Items less than $10,000
may be grouped by class showing the number of items in each class.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
ACCOUNT 186 - MISCELLANEOUS DEFERRED DEBITS
<S> <C> <C>
Unbilled Charges $338,867 $349,315
TOTAL $338,867 $349,315
</TABLE>
<PAGE>
15
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE X
RESEARCH, DEVELOPMENT OR DEMONSTRATION EXPENDITURES
INSTRUCTIONS: Provide a description of each material research, development,
or demonstration project which incurred costs by the company
during the year.
D E S C R I P T I O N AMOUNT
ACCOUNT 188 - RESEARCH, DEVELOPMENT, OR DEMONSTRATION
EXPENDITURES
None
TOTAL $ -0-
<PAGE>
<TABLE>
16
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE XI - PROPRIETARY CAPITAL
NUMBER OF PAR OR STATED OUTSTANDING CLOSE OF PERIOD
ACCOUNT NUMBER CLASS OF STOCK SHARES VALUE
AUTHORIZED PER SHARE NO. OF SHARES TOTAL AMOUNT
<S> <C> <C> <C> <C>
201 COMMON STOCK ISSUED 1,000 $1,000 110 $110,000
<CAPTION>
INSTRUCTIONS: Classify amounts in each account with brief explanation, disclosing the general
nature of transactions which gave rise to the reported amounts.
D E S C R I P T I O N AMOUNT
<S> <C>
ACCOUNT 211 - MISCELLANEOUS PAID-IN CAPITAL
Capital Contributions from Stockholder $2,390,000
ACCOUNT 215 - APPROPRIATED RETAINED EARNINGS --
TOTAL $2,390,000
<CAPTION>
INSTRUCTIONS: Give particulars concerning net income or (loss) during the year, distinguishing
between compensation for the use of capital owed or net loss remaining from servicing
nonassociates per the General Instructions of the Uniform System of Accounts.
For dividends paid during the year in cash or otherwise, provide rate percentage,
amount of dividend, date declared and date paid.
BALANCE AT NET INCOME BALANCE AT
D E S C R I P T I O N BEGINNING OR DIVIDENDS CLOSE
OF YEAR (LOSS) PAID OF YEAR
<S> <C> <C> <C> <C>
ACCOUNT 216 - UNAPPROPRIATED RETAINED EARNINGS $(301,079) $(1,561,879) $ -- $(1,862,958)
TOTAL $(301,079) $(1,561,879) $ -0- $(1,862,958)
</TABLE>
<PAGE>
<TABLE>
17
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE XII - LONG-TERM DEBT
INSTRUCTIONS: Advances from parent and associate companies should be reported separately for advances on notes,
and advances on open account. Names of associate companies from which advances were received
shall be shown under the class and series of obligation column. For Account 224 - Other long-
term debt provide the name of creditor company or organization, terms of the obligation, date of
maturity, interest rate, and the amount authorized and outstanding.
TERMS OF OBLIG DATE BALANCE AT ADDITIONS DEDUCTIONS BALANCE AT
N A M E O F CLASS & SERIES OF INTEREST AMOUNT BEGINNING 1/ CLOSE
C R E D I T O R OF OBLIGATION MATURITY RATE AUTHORIZED OF YEAR OF YEAR
<S> <C> <C> <C> <C> <C>
ACCOUNT 223 - ADVANCES
FROM PARENT AND ASSOCIATE
COMPANIES:
None
ACCOUNT 224 - OTHER LONG-
TERM DEBT:
None
TOTAL $ -0- $ -0- $ -0- $ -0- $ -0-
1/ GIVE AN EXPLANATION OF DEDUCTIONS: Not Applicable.
</TABLE>
<PAGE>
<TABLE>
18
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE XIII - CURRENT AND ACCRUED LIABILITIES
INSTRUCTIONS: Provide balance of notes and accounts payable to each associate
company. Give description and amount of miscellaneous current
and accrued liabilities. Items less than $10,000 may be grouped,
showing the number of items in each group.
BALANCE AT BALANCE AT
D E S C R I P T I O N BEGINNING CLOSE
OF YEAR OF YEAR
<S> <C> <C>
ACCOUNT 233 - NOTES PAYABLE TO ASSOCIATE COMPANIES
None
TOTAL $ -0- $ -0-
<S> <C> <C>
ACCOUNT 234 - ACCOUNTS PAYABLE TO ASSOCIATE
COMPANIES
American Electric Power Service Corporation $81,979 $150,126
Appalachian Power Company -- 248,294
Columbus Southern Power Company -- 10,420
Miscellaneous; 1 item in Beginning Balance;
1 item in Closing Balance 1,684 2,904
TOTAL $83,663 $411,744
<S> <C> <C>
ACCOUNT 242 - MISCELLANEOUS CURRENT AND
ACCRUED LIABILITIES
Miscellaneous; 1 item in Beginning Balance;
0 items in Closing Balance $440 $ --
TOTAL $440 $ -0-
</TABLE>
<PAGE>
19
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any signifi-
cant contingent assets or liabilities existing at
the end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
1. SIGNIFICANT ACCOUNTING POLICIES
Organization - AEP Energy Services, Inc. (the Company) is a
wholly-owned subsidiary of American Electric Power Company,
Inc. (AEP). The Company offers to non-affiliated companies,
on a profit basis, technical and professional services of the
types provided by the American Electric Power Service Corpora-
tion to affiliated companies on a non-profit basis, as well as
various operations-oriented services available from the oper-
ating utility companies of the AEP System.
System of Accounts - The accounts of the Company are maintained
in accordance with the Uniform System of Accounts for Mutual
and Subsidiary Service Companies prescribed by the Securities
and Exchange Commission pursuant to the Public Utility Holding
Company Act of 1935.
Amortization of Intangible Plant - Amortization is provided on
a straight-line basis over the estimated useful life of the
intangible plant.
Federal Income Taxes - The Company follows the liability
method of accounting for income taxes as prescribed by SFAS
109, Accounting for Income Taxes. Under the liability method,
deferred income taxes are provided for all temporary differ-
ences between book cost and tax basis of assets and liabil-
ities which will result in a future tax consequence.
2. FEDERAL INCOME TAXES
The details of Federal income taxes as reported are as
follows:
Year Ended December 31
1994 1993
Charged (Credited) to Expense (net): (In Thousands)
Current $(836) $(187)
Deferred (4) 12
Total Federal Income Taxes as
Reported $(840) $(175)
<PAGE>
<PAGE>
19A
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
2. FEDERAL INCOME TAXES (Cont'd)
The Company joins in the filing of a consolidated federal
income tax return with its affiliates in the AEP System. The
allocation of the AEP System's current consolidated federal
income tax to the System companies is in accordance with
Securities and Exchange Commission (SEC) rules under the Public
Utility Holding Company Act of 1935. These rules permit the
allocation of the benefit of current tax losses to the System
companies giving rise to them in determining their current tax
expense. The tax loss of the System parent company, American
Electric Power Company, Inc., is allocated to its subsidiaries
with taxable income. With the exception of the loss of the
parent company, the method of allocation approximates a
separate return result for each company in the consolidated
group. The AEP System consolidated federal income tax returns
for the years 1988 through 1990 are presently being audited by
the IRS. In the opinion of management, the final settlement of
open years will not have a material effect on results of
operations.
3. COMMON STOCK AND PAID IN CAPITAL
The Company received from AEP cash contributions totaling
$1,500,000 in 1994 and $550,000 in 1993 which were credited to
paid-in capital. There were no other transactions affecting
common stock and paid-in capital accounts in 1994 and 1993.
4. RELATED-PARTY TRANSACTIONS
American Electric Power Service Corporation (AEPSC) provides
various services to the Company, including services (involving
use of AEPSC's personnel and other facilities) as are requested
by the Company to perform contracts with non-affiliated client
companies. The cost of the services are billed by AEPSC on a
direct-charge basis to the extent practicable and on reasonable
basis of proration for indirect costs. The charges for
services are made on a cost basis and include no compensation
for the use of equity capital, which is furnished to AEPSC by
<PAGE>
<PAGE>
19B
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE XIV
NOTES TO FINANCIAL STATEMENTS
INSTRUCTIONS: The space below is provided for important notes
regarding the financial statements or any account
thereof. Furnish particulars as to any significant
contingent assets or liabilities existing at the
end of the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
4. RELATED-PARTY TRANSACTIONS (Cont'd)
AEP. AEPSC and its billings are subject to the regulation of
the SEC under the Public Utility Holding Company Act of 1935.
Several of AEP's operating utility subsidiaries have entered
into agreements with the Company pursuant to which the com-
panies agree to provide certain services to the Company on a
cost reimbursement basis.
<PAGE>
<TABLE>
20
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE XV
STATEMENT OF INCOME
ACCOUNT D E S C R I P T I O N CURRENT YEAR PRIOR YEAR
<S> <S> <C> <C>
INCOME
457 Services rendered to associate
companies $ -- $ --
458 Services rendered to nonassociate
companies 494,040 97,691
421 Miscellaneous income or loss 67,231 7,311
Total Income 561,271 105,002
EXPENSE
920 Salaries and wages -- --
921 Office supplies and expenses 36,624 15,191
922 Administrative expense transferred - credit -- --
923 Outside services employed 2,870,701 550,391
924 Property insurance -- --
925 Injuries and damages 30,261 30,327
926 Employee pensions and benefits -- 4
928 Regulatory commission expense -- --
930.1 General advertising expenses 398 217
930.2 Miscellaneous general expenses 19,059 5,165
931 Rents -- --
932 Maintenance of structures and equipment -- --
403 Depreciation and amortization expense 1,585 1,586
408 Taxes other than income taxes 4,081 2,791
409 Income taxes (835,682) (187,211)
410 Provision for deferred income taxes -- 17,404
411 Provision for deferred income taxes - credit (3,877) (5,577)
411.5 Investment tax credit -- --
426.1 Donations -- --
426.5 Other deductions -- --
427 Interest on long-term debt -- --
430 Interest on debt to associate companies -- --
431 Other interest expense -- (146)
Total Expense 2,123,150 430,142
Net Income or (Loss) $(1,561,879) $(325,140)
</TABLE>
<PAGE>
<TABLE>
21
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
ANALYSIS OF BILLING
ASSOCIATE COMPANIES
ACCOUNT 457
TOTAL
NAME OF ASSOCIATE COMPANY AMOUNT
BILLED
<S> <C>
None
TOTAL $ -0-
</TABLE>
<PAGE>
<TABLE>
22
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
ANALYSIS OF BILLING
NONASSOCIATE COMPANIES
ACCOUNT 458
COMPENSATION EXCESS TOTAL
NAME OF NONASSOCIATE COMPANY DIRECT INDIRECT FOR USE TOTAL OR AMOUNT
COST COST CAPITAL COST (DEFICIENCY) BILLED
458
<S> <C> <C> <C> <C> <C> <C>
Various $(415,535) $2,471,454 $ -- $2,055,919 $(1,561,879) $494,040
TOTAL $(415,535) $2,471,454 $ -0- $2,055,919 $(1,561,879) $494,040
INSTRUCTION: Provide a brief description of the services rendered to each nonassociate company:
Management, technical and training services.
</TABLE>
<PAGE>
<TABLE>
23
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
<CAPTION>
For the Year Ended December 31, 1994
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
ASSOCIATE COMPANY CHARGES NONASSOCIATE COMPANY CHARGES
DESCRIPTION OF ITEMS DIRECT INDIRECT DIRECT INDIRECT
COST COST TOTAL COST COST TOTAL
<S> <S> <C> <C> <C> <C> <C> <C>
920 SALARIES AND WAGES $ -- $ -- $ -- $ -- $ -- $ --
921 OFFICE SUPPLIES AND EXPENSES -- -- -- 2,230 34,394 36,624
922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT -- -- -- -- -- --
923 OUTSIDE SERVICES EMPLOYED -- -- -- 463,869 2,406,832 2,870,701
924 PROPERTY INSURANCE -- -- -- -- -- --
925 INJURIES AND DAMAGES -- -- -- 3,429 26,832 30,261
926 EMPLOYEE PENSIONS AND BENEFITS -- -- -- -- -- --
928 REGULATORY COMMISSION EXPENSE -- -- -- -- -- --
930.1 GENERAL ADVERTISING EXPENSES -- -- -- 398 -- 398
930.2 MISCELLANEOUS GENERAL EXPENSES -- -- -- 12,749 6,310 19,059
931 RENTS -- -- -- -- -- --
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT -- -- -- -- -- --
403 DEPRECIATION AND AMORTIZATION EXPENSE -- -- -- 1,585 -- 1,585
408 TAXES OTHER THAN INCOME TAXES -- -- -- 309 3,772 4,081
409 INCOME TAXES -- -- -- (835,682) -- (835,682)
410 PROVISION FOR DEFERRED INCOME TAXES -- -- -- -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT -- -- -- (3,877) -- (3,877)
411.5 INVESTMENT TAX CREDIT -- -- -- -- -- --
426.1 DONATIONS -- -- -- -- -- --
426.5 OTHER DEDUCTIONS -- -- -- -- -- --
427 INTEREST ON LONG-TERM DEBT -- -- -- -- -- --
431 OTHER INTEREST EXPENSE -- -- -- -- -- --
INSTRUCTION: Total cost of service will equal for
associate and nonassociate companies the total
amount billed under their separate analysis of
billing schedules.
TOTAL EXPENSES = -- -- -- (354,990) 2,478,140 2,123,150
421 MISCELLANEOUS INCOME -- -- -- (60,545) (6,686) (67,231)
TOTAL EXPENSES = $ -- $ -- $ -- $(415,535) $ 2,471,454 $ 2,055,919
COMPENSATION FOR USE OF EQUITY CAPITAL = -- -- -- -- (1,561,879) (1,561,879)
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES= -- -- -- -- -- --
TOTAL COST OF SERVICE = $ -0- $ -0- $ -0- $(415,535) $ 909,575 $ 494,040
(Cont'd)
</TABLE>
<PAGE>
<PAGE>
<TABLE>
23A
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
<CAPTION>
For the Year Ended December 31, 1994
SCHEDULE XVI
ANALYSIS OF CHARGES FOR SERVICE
ASSOCIATE AND NONASSOCIATE COMPANIES
TOTAL CHARGES FOR SERVICE
DESCRIPTION OF ITEMS DIRECT INDIRECT
COST COST TOTAL
<S> <S> <C> <C> <C>
920 SALARIES AND WAGES $ -- $ -- $ --
921 OFFICE SUPPLIES AND EXPENSES 2,230 34,394 36,624
922 ADMINISTRATIVE EXPENSE TRANSFERRED-CREDIT -- -- --
923 OUTSIDE SERVICES EMPLOYED 463,869 2,406,832 2,870,701
924 PROPERTY INSURANCE -- -- --
925 INJURIES AND DAMAGES 3,429 26,832 30,261
926 EMPLOYEE PENSIONS AND BENEFITS -- -- --
928 REGULATORY COMMISSION EXPENSE -- -- --
930.1 GENERAL ADVERTISING EXPENSES 398 -- 398
930.2 MISCELLANEOUS GENERAL EXPENSES 12,749 6,310 19,059
931 RENTS -- -- --
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT -- -- --
403 DEPRECIATION AND AMORTIZATION EXPENSE 1,585 -- 1,585
408 TAXES OTHER THAN INCOME TAXES 309 3,772 4,081
409 INCOME TAXES (835,682) -- (835,682)
410 PROVISION FOR DEFERRED INCOME TAXES -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES-CREDIT (3,877) -- (3,877)
411.5 INVESTMENT TAX CREDIT -- -- --
426.1 DONATIONS -- -- --
426.5 OTHER DEDUCTIONS -- -- --
427 INTEREST ON LONG-TERM DEBT -- -- --
431 OTHER INTEREST EXPENSE -- -- --
INSTRUCTION: Total cost of service will equal for
associate and nonassociate companies the total
amount billed under their separate analysis of
billing schedules.
TOTAL EXPENSES = (354,990) 2,478,140 2,123,150
421 MISCELLANEOUS INCOME (60,545) (6,686) (67,231)
TOTAL EXPENSES = $(415,535) $ 2,471,454 $ 2,055,919
COMPENSATION FOR USE OF EQUITY CAPITAL = -- (1,561,879) (1,561,879)
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES= -- -- --
TOTAL COST OF SERVICE = $(415,535) $ 909,575 $ 494,040
</TABLE>
<PAGE>
<TABLE>
24
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
DEPARTMENT OR SERVICE FUNCTION
D E S C R I P T I O N O F I T E M S TOTAL
AMOUNT OVERHEAD OTHER*
<S> <S> <C> <C> <C>
920 SALARIES AND WAGES $ -- $ -- $ --
921 OFFICE SUPPLIES AND EXPENSES 36,624 34,394 2,230
922 ADMINISTRATIVE EXPENSE TRANSFERRED -
CREDIT -- -- --
923 OUTSIDE SERVICES EMPLOYED 2,870,701 2,406,832 463,869
924 PROPERTY INSURANCE -- -- --
925 INJURIES AND DAMAGES 30,261 26,832 3,429
926 EMPLOYEE PENSIONS AND BENEFITS -- -- --
928 REGULATORY COMMISSION EXPENSE -- -- --
930.1 GENERAL ADVERTISING EXPENSE 398 -- 398
930.2 MISCELLANEOUS GENERAL EXPENSES 19,059 6,310 12,749
931 RENTS -- -- --
932 MAINTENANCE OF STRUCTURES AND EQUIPMENT -- -- --
403 DEPRECIATION AND AMORTIZATION EXPENSE 1,585 -- 1,585
408 TAXES OTHER THAN INCOME TAXES 4,081 3,772 309
409 INCOME TAXES (835,682) -- (835,682)
410 PROVISION FOR DEFERRED INCOME TAXES -- -- --
411 PROVISION FOR DEFERRED INCOME TAXES -
CREDIT (3,877) -- (3,877)
411.5 INVESTMENT TAX CREDIT -- -- --
426.1 DONATIONS -- -- --
426.5 OTHER DEDUCTIONS -- -- --
427 INTEREST ON LONG-TERM DEBT -- -- --
430 INTEREST ON DEBT TO ASSOCIATE COMPANIES -- -- --
431 OTHER INTEREST EXPENSE -- -- --
INSTRUCTION: Indicate each department or service
function. (see Instruction 01-3
General Structure of Accounting
System: Uniform System of Accounts)
TOTAL EXPENSES = $2,123,150 $2,478,140 $(354,990)
* Departmental structure has not been established.
</TABLE>
<PAGE>
25
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE XVII
SCHEDULE OF EXPENSE DISTRIBUTION
BY
DEPARTMENT OR SERVICE FUNCTION
D E P A R T M E N T O R S E R V I C E F U N C T I O N
ACCOUNT
NUMBER
[S]
920
921
922
923
924
925
926
928
930.1
930.2
931
932 (Departmental structure has not been established.)
403
408
409
410
411
411.5
426.1
426.5
427
430
431
<PAGE>
<TABLE>
26
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
DEPARTMENTAL ANALYSIS OF SALARIES
ACCOUNT 920
NAME OF DEPARTMENT OR SERVICE SALARY NUMBER
FUNCTION EXPENSE PERSONNEL
Indicate each department or TOTAL END OF
service function AMOUNT YEAR
<S> <C> <C>
Total Company $ -0- -0-
Departmental structure
has not been established.
TOTAL $ -0- -0-
</TABLE>
<PAGE>
<TABLE>
27
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
OUTSIDE SERVICES EMPLOYED
ACCOUNT 923
INSTRUCTIONS: Provide a breakdown by subaccount of outside services employed.
If the aggregate amounts paid to any one payee and included within
one subaccount is less than $25,000, only the aggregate number and
amount of all such payments included within the subaccount need be
shown. Provide a subtotal for each type of service.
RELATIONSHIP
"A"=ASSOCIATE
FROM WHOM PURCHASED "NA"=NON AMOUNT
ASSOCIATE
<S> <C> <C>
OUTSIDE SERVICES - LEGAL:
Simpson, Thacher & Bartlett NA $ 116,208
1 Payee NA 303
Sub-Total 116,511
OUTSIDE SERVICES - ENGINEERING AND ADMINISTRATIVE:
American Electric Power Service Corporation A 1,495,149
1 Payee NA 7,012
Sub-Total 1,502,161
OUTSIDE SERVICES - SOFTWARE:
1 Payee NA 404
Sub-Total 404
OUTSIDE SERVICES - OTHER:
Commerce Consultants International, LTD NA 1,240,000
11 Payees NA 7,018
2 Payees A 4,607
Sub-Total 1,251,625
TOTAL $2,870,701
</TABLE>
<PAGE>
<TABLE>
28
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
EMPLOYEE PENSIONS AND BENEFITS
ACCOUNT 926
INSTRUCTIONS: Provide a listing of each pension plan and benefit program provided
by the company. Such listing should be limited to $25,000.
D E S C R I P T I O N AMOUNT
<S> <C>
None
TOTAL $ -0-
</TABLE>
<PAGE>
<TABLE>
29
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
GENERAL ADVERTISING EXPENSES
ACCOUNT 930.1
INSTRUCTIONS: Provide a listing of the amount included in Account 930.1,
"General Advertising Expenses", classifying the items according
to the nature of the advertising and as defined in the account
definition. If a particular class includes an amount in excess
of $3,000 applicable to a single payee, show separately the name
of the payee and the aggregate amount applicable thereto.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
<S> <C>
Miscellaneous Advertising $398
TOTAL $398
</TABLE>
<PAGE>
<TABLE>
30
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
MISCELLANEOUS GENERAL EXPENSES
ACCOUNT 930.2
INSTRUCTIONS: Provide a listing of the amount included in Account 930.2,
"Miscellaneous General Expenses", classifying such expenses
according to their nature. Payments and expenses permitted by
Section 321 (b) (2) of the Federal Election Campaign Act, as
amended by Public Law 94-283 in 1976 (2 U.S.C.S 441 (b) (2)) shall
be separately classified.
D E S C R I P T I O N AMOUNT
<S> <C>
Bank Service Fees $(1,445)
Cost of Software Sold 10,500
Marketing Expenses 7,280
Provision for Uncollectible Accounts 2,250
Other 474
TOTAL $19,059
</TABLE>
<PAGE>
<TABLE>
31
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
RENTS
ACCOUNT 931
INSTRUCTIONS: Provide a listing of the amount included in Account 931, "Rents",
classifying such expenses by major groupings of property, as defined
in the account definition of the Uniform System of Accounts.
T Y P E O F P R O P E R T Y AMOUNT
<S> <C>
None
TOTAL $ -0-
</TABLE>
<PAGE>
<TABLE>
32
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
TAXES OTHER THAN INCOME TAXES
ACCOUNT 408
INSTRUCTIONS: Provide an analysis of Account 408, "Taxes Other Than Income
Taxes". Separate the analysis into two groups: (1) other than
U.S. Government taxes, and (2) U.S. Government taxes. Specify
each of the various kinds of taxes and show the amounts thereof.
Provide a subtotal for each class of tax.
K I N D O F T A X AMOUNT
<S> <C>
1. Taxes Other Than U.S. Government Taxes:
Indiana Gross Receipts $ 309
Ohio Corporation Franchise 3,752
Tennessee Franchise Tax 10
Tennessee Privilege Tax 10
Sub-Total Taxes Other Than U.S. Government Taxes 4,081
2. U.S. Government Taxes:
None
Sub-Total U.S. Government Taxes --
TOTAL $4,081
</TABLE>
<PAGE>
<TABLE>
33
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
DONATIONS
ACCOUNT 426.1
INSTRUCTIONS: Provide a listing of the amount included in Account 426.1,
"Donations", classifying such expenses by its purpose. The aggregate
number and amount of all items of less than $3,000 may be shown in
lieu of details.
NAME OF RECIPIENT PURPOSE OF DONATION AMOUNT
<S> <C>
None
TOTAL $ -0-
</TABLE>
<PAGE>
<TABLE>
34
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION> OTHER DEDUCTIONS
ACCOUNT 426.5
INSTRUCTIONS: Provide a listing of the amount included in Account 426.5, "Other
Deductions", classifying such expenses according to their nature.
D E S C R I P T I O N NAME OF PAYEE AMOUNT
<S> <C>
None
TOTAL $ -0-
</TABLE>
<PAGE>
35
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SCHEDULE XVIII
NOTES TO STATEMENT OF INCOME
INSTRUCTIONS: The space below is provided for important notes
regarding the statement of income or any account
thereof. Furnish particulars as to any significant
increase in services rendered or expenses incurred
during the year. Notes relating to financial
statements shown elsewhere in this report may be
indicated here by reference.
See Notes to Financial Statements on Page 19.
<PAGE>
36
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
ORGANIZATION CHART
The Company had no employees at December 31, 1994.
<PAGE>
37
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
METHODS OF ALLOCATION
Not Applicable.<PAGE>
38
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
ANNUAL STATEMENT OF COMPENSATION FOR USE OF CAPITAL BILLED
Not Applicable. AEP Energy Services did not bill associate
companies in 1994.
<PAGE>
39
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
SIGNATURE CLAUSE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935 and the rules and regulations of the Securities and
Exchange Commission issued thereunder, the undersigned company has
duly caused this report to be signed on its behalf by the under-
signed officer thereunto duly authorized.
AEP Energy Services, Inc.
(Name of Reporting Company)
By: GERALD R. KNORR
(Signature of Signing Officer)
Gerald R. Knorr - Assistant Treasurer
(Printed Name and Title of Signing Officer)
Date: 04-28-95
<PAGE>
<TABLE>
ANNUAL REPORT OF AEP ENERGY SERVICES, INC.
For the Year Ended December 31, 1994
<CAPTION>
SCHEDULE XIX - FINANCIAL DATA SCHEDULE
If, at the time an annual report on this form is filed, the registrant is required to
submit this report and any amendments thereto electronically via EDGAR, the
registrant shall furnish a Financial Data Schedule. The Schedule shall set forth the
financial and other data specified below that are applicable to the registrant on a
consolidated basis.
ITEM NO. CAPTION HEADING AMOUNT
<S> <C>
1 Net Company Property $ 22,732
2 Total Investments -0-
3 Total Current and Accrued Assets 676,581
4 Total Deferred Debits 349,473
5 Balancing Amount For Total Assets and Other Debits -0-
6 Total Assets and Other Debits 1,048,786
7 Total Proprietary Capital 637,042
8 Total Long-Term Debt -0-
9 Notes Payable -0-
10 Notes Payable to Associate Companies -0-
11 Balancing Amount For Total Current and Accrued
Liabilities 411,744
12 Total Deferred Credits -0-
13 Accumulated Deferred Income Taxes -0-
14 Total Liabilities and Proprietary Capital 1,048,786
15 Services Rendered to Associate Companies -0-
16 Services Rendered to Nonassociate Companies 494,040
17 Miscellaneous Income or Loss 67,231
18 Total Income 561,271
19 Salaries and Wages -0-
20 Employee Pensions and Benefits -0-
21 Balancing Amount For Total Expenses 2,123,150
22 Total Expenses 2,123,150
23 Net Income (Loss) (1,561,879)
24 Total Expenses (Direct Costs) (354,990)
25 Total Expenses (Indirect Costs) 2,478,140
26 Total Expenses (Total) 2,123,150
27 Number of Personnel End of Year -0-
</TABLE>
<TABLE> <S> <C>
<ARTICLE> OPUR2
<CIK> 0000791094
<NAME> AEP ENERGY SERVICES, INC.
<MULTIPLIER> 1
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-END> DEC-31-1994
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 22,732
<TOTAL-INVESTMENTS> 0
<TOTAL-CURRENT-ASSETS> 676,581
<TOTAL-DEFERRED-DEBITS> 349,473
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 1,048,786
<TOTAL-PROPRIETARY-CAPITAL> 637,042
<TOTAL-LONG-TERM-DEBT> 0
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 411,744
<TOTAL-DEFERRED-CREDITS> 0
<DEFERRED-INCOME-TAX> 0
<TOT-LIABIL-AND-PROPRIET-CAP> 1,048,786
<SERVICES-ASSOCIATE-COMPANIES> 0
<SERVICES-NON-ASSOCIATE-COMP> 494,040
<MISC-INCOME-OR-LOSS> 67,231
<TOTAL-INCOME> 561,271
<SALARIES-AND-WAGES> 0
<EMPLOYEE-PENSION-AND-BENEFIT> 0
<OTHER-EXPENSES> 2,123,150
<TOTAL-EXPENSES> 2,123,150
<NET-INCOME> (1,561,879)
<TOTAL-EXPENSES-DIRECT-COST> (354,990)
<TOTAL-EXPENSES-INDIRECT-COST> 2,478,140
<TOT-EXP-DIRECT-AND-INDIRECT> 2,123,150
<PERSONNEL-END-OF-YEAR> 0
</TABLE>
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