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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 24039
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
CONTENTS
Page
Summary of Billings 1
Derivation of Billing Rates 2
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
SUMMARY OF BILLINGS
BY MONTH, FOR THE QUARTER ENDED JUNE 30, 1994
<CAPTION>
April 1994 May 1994 June 1994
Tons Fee Amount Tons Fee Amount Tons Fee Amount
(per ton) (000) (per ton) (000) (per ton) (000)
BARGING SERVICE BILLINGS TO AFFILIATES
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Appalachian Power Company and
Ohio Power Company:
Sporn Plant. . . . . . . . . . . . 94,360 $2.54 $239 84,283 $2.52 $212 84,018 $2.54 $213
Amos Plant . . . . . . . . . . . . 27,772 $ .92 26 27,692 $ .92 25 - $ - -
Total. . . . . . . . . . . . . . 122,132 $265 111,975 $237 84,018 $213
Appalachian Power Company:
Mountaineer Plant. . . . . . . . . 252,410 $1.72 $435 317,021 $1.67 $529 345,673 $1.61 $555
Kanawha River Plant. . . . . . . . 2,861 $ .66 2 - - - - $ - -
Total. . . . . . . . . . . . . . 255,271 $437 317,021 $529 345,673 $555
Indiana Michigan Power Company:
Tanners Creek. . . . . . . . . . . 208,261 $2.42 $504 114,717 $2.38 $273 95,967 $2.18 $210
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant . . . . . . . . . . 887,651 $1.73 $1,536 1,171,649 $1.73 $2,027 868,913 $1.73 $1,503
Ohio Power Company:
Cardinal Plant (Unit 1). . . . . . 210,037 $ .55 $116 231,222 $ .56 $130 116,760 $ .60 $ 70
Gavin Plant. . . . . . . . . . . . 167,239 $1.62 272 93,234 $ .51 47 93,922 $ .51 48
Mitchell Plant . . . . . . . . . . 73,997 $4.76 352 97,987 $4.71 462 89,662 $4.61 413
Muskingum River Plant. . . . . . . 33,747 $2.53 85 34,956 $2.62 92 17,707 $2.65 47
Total. . . . . . . . . . . . . . 485,020 $825 457,399 $731 318,051 $578
BARGING SERVICE BILLINGS
TO UNAFFILIATED COMPANIES:
Buckeye Power Company:
Cardinal Plant (Unit 2 & 3) . . . 77,775 $2.90 $226 87,238 $2.91 $255 71,267 $2.97 $212
Other. . . . . . . . . . . . . . . . $11 $13 $133
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
DERIVATION OF BILLING RATES FOR THE PERIOD APRIL 1, 1994 THROUGH DECEMBER 31, 1994
BASED ON PROJECTED COSTS FOR THE PERIOD APRIL 1, 1994 THROUGH DECEMBER 31, 1994
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Projected Non-Assigned Upper Ohio Upper Ohio
Cost Cost & Kanawha Green & Ohio (Contract)
DIRECT EXPENSES:
<S> <C> <C> <C> <C> <C>
Rent . . . . . . . . . . . . . . . . $ 7,580,332 $576,544 $ 2,861,784 $ 3,095,381 $ 1,046,623
Wages. . . . . . . . . . . . . . . . 9,053,393 158,086 3,472,612 4,502,832 919,863
Fuel . . . . . . . . . . . . . . . . 4,335,625 9,887 1,138,114 2,766,565 421,059
Fuel Taxes . . . . . . . . . . . . . 1,724,846 3,024 408,090 1,150,513 163,219
Supplies . . . . . . . . . . . . . . 2,288,287 24,625 885,741 1,125,261 252,660
Tow Services . . . . . . . . . . . . 2,807,951 - 1,188,373 209,819 1,409,759
Total Equipment Expenses . . . . . 27,790,434 772,166 9,954,714 12,850,371 4,213,183
Ton Mile Ratio . . . . . . . . . . . . .203802 .663522 .132676
Less: Sublease Income. . . . . . . . . -
Unaffiliated Barging Income. . . -
Revenue (Over) Under Collection From
Prior Rate Period* . . . . . . . . . 1,261,392 - 1,037,662 223,730
Adjusted Nonassigned Allocations . . . $772,166 157,369 512,349 102,448
Allocated Overhead Expenses. . . . . . 5,979,080 1,218,551 3,967,250 793,279
Return on Investment . . . . . . . . . 657,198 133,939 436,065 87,194
Contract Revenue . . . . . . . . . . . (4,645,868) (4,645,868)
Re-allocation of Cost or (Revenue)
to Affiliated Rates. . . . . . . . . - 129,294 420,942 $ 550,236
Total Projected Cost
(Revenue Requirement). . . . . . $31,042,236 $12,631,529 $18,410,707
Adjusted Ton Miles . . . . . . . . . . 882,755,900 2,873,998,200 574,676,260
Cost Per Adjusted Ton Mile **. . . . . $.01431 $.00641
* Represents the difference between the actual costs by zone and the revenues collected for the period January 1, 1994
through March 31, 1994.
** Incorporated in the April 1994 billings.
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