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AEP ENERGY SERVICES, INC.
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 26267
FOR THE QUARTER ENDED SEPTEMBER 30, 1995
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CONTENTS
Page
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Statements of Income 1
Balance Sheet 2
Description of Activities 3
Listing of any Guarantees or Assumption of Liabilities by
American Electric Power Company, Inc. (AEP Co., Inc.) on
Behalf of AEP Energy Services, Inc. (AEPES) 3
Description of Services from Associated Companies 3
Description of Services to Associated Companies 4
Chart of Investments by AEP Co., Inc. in EWGs, FUCOs and QFs 4
Information Concerning Intellectual Property 4
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AEP ENERGY SERVICES, INC.
STATEMENTS OF INCOME
UNAUDITED
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Three Months Ended Nine Months Ended
September 30, 1995 September 30, 1995
(in thousands)
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REVENUES:
Services Rendered. . . . . . . . $ 695 $ 1,149
Miscellaneous Income . . . . . . 24 64
TOTAL REVENUES . . . . . 719 1,213
EXPENSES:
Outside Services Employed. . . . 370 1,060
Affiliated Services Employed . . 858 1,869
Materials and Supplies . . . . . 160 161
Miscellaneous. . . . . . . . . . 45 74
TOTAL EXPENSES . . . . . 1,433 3,164
LOSS BEFORE FEDERAL INCOME TAXES . (714) (1,951)
FEDERAL INCOME TAX CREDIT. . . . . (250) (683)
NET LOSS . . . . . . . . . . . . . $ (464) $(1,268)
The common stock of the Company is wholly owned
by American Electric Power Company, Inc.
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AEP ENERGY SERVICES, INC.
BALANCE SHEET
SEPTEMBER 30, 1995
UNAUDITED
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(in thousands)
ASSETS
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PROPERTY:
Flash Fill Patent. . . . . . . . . . . . . . . . . . . . $ 27
Accumulated Amortization . . . . . . . . . . . . . . . . 5
NET PROPERTY . . . . . . . . . . . . . . . . . . 22
CURRENT ASSETS:
Cash and Cash Equivalents. . . . . . . . . . . . . . . . 655
Accounts Receivable. . . . . . . . . . . . . . . . . . . 865
Accrued Tax Benefits. . . . . . . . . . . . . . . . . . 688
Prepayments. . . . . . . . . . . . . . . . . . . . . . . 18
TOTAL CURRENT ASSETS . . . . . . . . . . . . . . 2,226
DEFERRED CHARGES . . . . . . . . . . . . . . . . . . . . . 70
TOTAL ASSETS . . . . . . . . . . . . . . . . . $2,318
CAPITALIZATION AND LIABILITIES
SHAREHOLDER'S EQUITY:
Common Stock - Par Value $1,000:
Authorized - 1,000 Shares
Outstanding - 110 Shares. . . . . . . . . . . . . . . $ 110
Paid-in Capital . . . . . . . . . . . . . . . . . . . . 3,890
Accumulated Deficit . . . . . . . . . . . . . . . . . . (3,131)
TOTAL SHAREHOLDER'S EQUITY . . . . . . . . . . . 869
CURRENT LIABILITIES - Accounts Payable -
Affiliated Companies. . . . . . . . . . . . . . . . . . 451
DEFERRED CREDITS. . . . . . . . . . . . . . . . . . . . . 998
TOTAL CAPITALIZATION AND LIABILITIES. . . . . $ 2,318
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AEP ENERGY SERVICES, INC.
ADDITIONAL INFORMATION
FOR THE QUARTER ENDED SEPTEMBER 30, 1995
1. DESCRIPTION OF ACTIVITIES
(i) Power Project Services
AEPES continues to render project development, engineering, design,
construction and construction management, and other similar services in
connection with non-affiliated projects relating to the generation,
transmission and distribution of electric power.
(ii) Energy Management and Demand-Side Management Services
AEPES continues to evaluate opportunities to provide energy
management and demand-side management services, but did not provide any
such services during the quarter ended September 30, 1995.
(iii) Other Consulting Services
AEPES continues to offer consulting services to entities that are
not engaged in projects relating to the generation, transmission or
distribution of electric power.
(iv) Services to AEP Resources, Inc. and AEP Investments, Inc.
AEPES has not yet begun to provide services to AEP Resources, Inc.
or AEP Investments, Inc.
2. GUARANTEES OR ASSUMPTION OF LIABILITIES BY AEP Co., Inc. ON BEHALF OF
AEPES
None.
3. SERVICES OBTAINED FROM ASSOCIATE COMPANIES
Dollar Value Number of
Associate Company/Services of Services Personnel
American Electric Power Service Corporation
(AEPSC)/Engineering and Administrative
Services $855,718 204*
Columbus Southern Power Company/ 53 Not
Technical Assessment Applicable
Indiana Michigan Power Company/ 772 2**
Technical Assessment
Ohio Power Company/ 1,893 5***
Technical Assessment
* 11,347.7 hours for the quarter which is equivalent to approximately
22 full time employees
** 18 hours for the quarter which is equivalent to approximately .03
full time employees
*** 47.5 hours for the quarter which is equivalent to approximately .09
employees<PAGE>
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AEP ENERGY SERVICES, INC.
ADDITIONAL INFORMATION (Continued)
FOR THE QUARTER ENDED SEPTEMBER 30, 1995
4. SERVICES PROVIDED TO ASSOCIATE COMPANIES
None.
5. Chart showing all EWGs, FUCOs and QFs in which AEP Co., Inc. has a direct
or an indirect investment:
American Electric Power Company, Inc.
|
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AEP Resources, Inc. (100% owned)
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AEP Resources International, Ltd. (100% owned EWG)
Equity investment of $56,000 by AEP Resources, Inc. in AEP
Resources International, Ltd.
6. There was no intellectual property provided to AEPES by AEPSC or any
operating subsidiaries of AEP Co., Inc. and there was no intellectual
property provided by AEPES to AEPSC or any operating subsidiaries of AEP
Co., Inc..
