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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 SEPTEMBER 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 SEPTEMBER 30, 1994
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July 1994 August 1994 September 1994
Tons Fee Amount Tons Fee Amount Tons Fee Amount
(per ton) (000) (per ton) (000) (per ton) (000)
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
BARGING SERVICE BILLINGS TO AFFILIATES
Appalachian Power Company and
Ohio Power Company:
Sporn Plant. . . . . . . . . . . . 104,597 $3.17 $331 53,430 $3.14 $168 71,285 $3.30 $235
Appalachian Power Company:
Mountaineer Plant. . . . . . . . . 233,050 $1.32 $307 255,844 $1.24 $316 249,022 $1.39 $346
Kanawha River Plant. . . . . . . . - $ - - - $ - - 2,834 $ .66 2
Total. . . . . . . . . . . . . . 233,050 $307 255,844 $316 251,856 $348
Indiana Michigan Power Company:
Tanners Creek. . . . . . . . . . . 165,891 $2.80 $465 140,860 $3.74 $526 155,843 $3.81 $594
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant . . . . . . . . . . 945,873 $1.42 $1,343 1,090,061 $1.42 $1,548 862,172 $1.53 $1,319
Ohio Power Company:
Cardinal Plant (Unit 1). . . . . . 94,338 $ .58 $ 55 90,143 $ .54 $ 48 84,814 $ .57 $ 48
Gavin Plant. . . . . . . . . . . . 77,375 $ .45 35 100,133 $ .45 45 93,573 $ .50 47
Mitchell Plant . . . . . . . . . . 98,341 $4.16 410 118,519 $4.09 485 164,226 $3.37 553
Kammer Plant . . . . . . . . . . . - $ - - - $ - - 44,248 $2.42 107
Total. . . . . . . . . . . . . . 270,054 $500 308,795 $578 386,861 $755
BARGING SERVICE BILLINGS
TO UNAFFILIATED COMPANIES:
Buckeye Power Company
Cardinal Plant (Unit 2 & 3) . . . . 97,192 $3.53 $343 102,207 $3.55 $363 137,414 $3.16 $434
Other Coal . . . . . . . . . . . . . - $ - - - $ - - 29,948 $ .99 $30
Other. . . . . . . . . . . . . . . . $6 $7 $6
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
DERIVATION OF BILLING RATES FOR THE PERIOD SEPTEMBER 1, 1994 THROUGH DECEMBER 31, 1994
BASED ON PROJECTED COSTS FOR THE PERIOD SEPTEMBER 1, 1994 THROUGH DECEMBER 31, 1994
Projected Non-Assigned Upper Ohio Upper Ohio
Cost Cost & Kanawha Green & Ohio (Contract)
<S> <C> <C> <C> <C> <C>
DIRECT EXPENSES:
Rent . . . . . . . . . . . . . . . . $ 3,327,748 $152,250 $1,206,874 $1,310,993 $ 657,631
Wages. . . . . . . . . . . . . . . . 4,022,780 63,431 1,221,373 2,018,237 719,739
Fuel . . . . . . . . . . . . . . . . 2,100,959 4,327 477,157 1,330,479 288,996
Fuel Taxes . . . . . . . . . . . . . 814,644 1,198 168,891 541,965 102,590
Supplies . . . . . . . . . . . . . . 1,001,100 4,399 263,743 574,898 158,060
Tow Services . . . . . . . . . . . . 1,575,000 - 728,182 204,545 642,273
Total Equipment Expenses . . . . . 12,842,231 225,605 4,066,220 5,981,117 2,569,289
Ton Mile Ratio . . . . . . . . . . . . .384069 .400499 .215432
Less: Sublease Income. . . . . . . . . -
Unaffiliated Barging Income. . . -
Revenue (Over) Under Collection From
Prior Rate Period* . . . . . . . . . 1,207,565 - 620,360 587,205
Adjusted Nonassigned Allocations . . . $225,605 86,647 90,355 48,603
Allocated Overhead Expenses. . . . . . 2,782,248 1,068,574 1,114,288 599,386
Return on Investment . . . . . . . . . 292,088 112,182 116,981 62,925
Contract Revenue . . . . . . . . . . . (2,885,600) (2,885,600)
Re-allocation of Cost or (Revenue)
to Affiliated Rates. . . . . . . . . - 193,169 201,434 $ 394,603
Total Projected Cost
(Revenue Requirement). . . . . . $14,238,532 $6,147,152 $8,091,380
Adjusted Ton Miles . . . . . . . . . .3,735,669,700 1,434,753,200 1,496,132,500 804,784,000
Cost Per Adjusted Ton Mile **. . . . . $.00428 $.00541
* Represents the difference between the actual costs by zone and the revenues collected for the period January 1, 1994
through August 31, 1994.
** Incorporated in the September 1994 billings.
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