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File No. 70-8237
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________________________
Post-Effective Amendment No. 1 to
Form U-1
________________________________
APPLICATION OR DECLARATION
under the
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
* * *
AEP GENERATING COMPANY
1 Riverside Plaza, Columbus, Ohio 43215
(Name of company filing this statement and
address of principal executive offices)
* * *
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
(Name of top registered holding company
parent of each applicant or declarant)
* * *
G. P. Maloney, Vice President
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
A. Joseph Dowd, General Counsel
AMERICAN ELECTRIC POWER SERVICE CORPORATION
1 Riverside Plaza, Columbus, Ohio 43215
(Names and addresses of agents for service)<PAGE>
The undersigned American Electric Power Company, Inc.
("AEP") and AEP Generating Company ("Generating") hereby amend
the Application or Declaration on Form U-1 in File No. 70-8237 as
follows:
1. By adding the following paragraphs to ITEM 1 of said
Form U-1:
"By an Order dated December 10, 1993 in this file (HCAR
No. 25943), Generating was authorized to pay to AEP up to
$16 million in dividends out of paid-in capital. To date,
Generating has paid $5.4 million in such dividends and
anticipates authorizing and paying $2.6 million in August of
1994. In its order, the Commission reserved jurisdiction
over Generating's proposal to declare and pay to AEP $8
million of the $16 million in dividends.
Generating hereby requests that the Commission release
jurisdiction over the declaration of the $8 million in
dividends out of paid-in capital, which jurisdiction was
reserved in this file.
Without further authorization from this Commission,
Generating will not declare any dividend if at such time the
retained earnings of Generating are less than $-0-.
Generating hereby represents that, through December 31,
1997, upon effecting payment of any dividends and
considering any increase in long-term or short-term debt,
its percentage of common equity to total capitalization will
not fall below 30%."
2. By adding a table captioned Projected Dividends and<PAGE>
Capitalization to Section (b) of Item 6. EXHIBITS AND
FINANCIAL STATEMENTS.
SIGNATURE
Pursuant to the requirements of the Public Utility Holding
Company Act of 1935, the undersigned companies have duly caused
this Post-Effective Amendment to be signed on their behalf by the
undersigned thereunto duly authorized.
AMERICAN ELECTRIC POWER COMPANY, INC.
AEP GENERATING COMPANY
By:______/s/ G. P. Maloney______
G. P. Maloney
Vice President
Dated: August 23, 1994
[94FN0013.GEN]
8237CNA1
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<TABLE>
Exhibit (b)
Financial Statements
AEP GENERATING COMPANY
PROJECTED DIVIDENDS AND CAPITALIZATION
($ in Thousands)
<CAPTION>
Actual Projected for the Period
As of July-
June Dec.
1994* 1994 1995 1996 1997 Total
<S> <C> <C> <C> <C> <C> <C>
Dividends
From Retained Earnings 16,121 4,520 9,694 9,296 8,312 47,943
From Paid-In Capital 5,400 2,600 3,000 4,000 1,000 16,000
Total 21,521 7,120 12,694 13,296 9,312 63,943
Capitalization Ratios
Common Equity 30.7% 30.1% 31.5% 31.6% 34.1%
Long-Term Debt 63.3% 65.3% 56.9% 62.8% 57.6%
Short-Term Debt 6.0% 4.6% 11.6% 5.6% 8.3%
Capitalization
Common Stock 1,000
Paid-In Capital 50,335
Retained Earnings 1,184
Total Common Equity 52,519
Long-Term Debt 108,264
Short-Term Debt 10,250
Total Capitalization 171,034
</TABLE>
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*Since authorization received on December 10, 1993.
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