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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 MARCH 31, 1995
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 MARCH 31, 1995
<CAPTION>
January 1995 February 1995 March 1995
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. . . . . . . . . . . . 173,331 $3.51 $608 158,030 $3.42 $540 183,170 $3.46 $635
Amos Plant . . . . . . . . . . . . - $ - - 7,740 $1.10 8 17,584 $1.08 19
Total. . . . . . . . . . . . . . 173,331 $608 165,770 $548 200,754 $654
Appalachian Power Company:
Mountaineer Plant. . . . . . . . . 189,490 $2.26 $428 227,009 $1.80 $409 250,889 $1.93 $484
Kanawha River Plant. . . . . . . . 2,846 $ .66 2 2,865 $ .66 2 - $ - -
Total. . . . . . . . . . . . . . 192,336 $430 229,874 $411 250,889 $484
Indiana Michigan Power Company:
Tanners Creek. . . . . . . . . . . 111,493 $1.87 $208 138,849 $2.54 $353 168,439 $3.22 $542
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant . . . . . . . . . . 918,822 $1.67 $1,534 772,690 $1.67 $1,290 950,052 $1.67 $1,586
Ohio Power Company:
Cardinal Plant (Unit 1). . . . . . 115,823 $ .55 $ 64 111,150 $ .61 $ 68 56,024 $ .55 $ 31
Gavin Plant. . . . . . . . . . . . 49,578 $1.18 58 49,175 $1.31 64 76,747 $ .57 44
Mitchell Plant . . . . . . . . . . 43,152 $3.90 168 33,560 $3.90 131 43,564 $3.90 170
Total. . . . . . . . . . . . . . 208,553 $290 193,885 $263 176,335 $245
BARGING SERVICE BILLINGS
TO UNAFFILIATED COMPANIES:
Buckeye Power Company:
Cardinal Plant (Unit 2 & 3). . . . 148,500 $2.76 $409 157,993 $2.57 $406 158,532 $2.31 $367
Other Coal . . . . . . . . . . . . . 97,736 $2.27 $222 79,040 $2.86 $226 116,554 $2.93 $341
Other. . . . . . . . . . . . . . . . - $ - $2 10,662 Various $9 54,363 Various $131
Note: The above amounts include demurrage charges.
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
DERIVATION OF BILLING RATES FOR THE PERIOD JANUARY 1, 1995 THROUGH MARCH 31, 1995
BASED ON PROJECTED COSTS FOR THE PERIOD JANUARY 1, 1995 THROUGH DECEMBER 31, 1995
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Projected Non-Assigned Upper Ohio Upper Ohio
Cost Cost & Kanawha Green & Ohio (Contract)
<S> <C> <C> <C> <C> <C>
DIRECT EXPENSES:
Rent . . . . . . . . . . . . . . . . $10,408 $ 760 $ 3,904 $ 3,948 $1,796
Wages. . . . . . . . . . . . . . . . 11,497 203 3,990 5,678 1,626
Fuel . . . . . . . . . . . . . . . . 5,684 12 1,258 3,735 679
Fuel Taxes . . . . . . . . . . . . . 2,247 3 483 1,503 258
Supplies . . . . . . . . . . . . . . 2,669 36 842 1,375 416
Tow Services . . . . . . . . . . . . 630 - 318 282 30
Other Taxes. . . . . . . . . . . . . 200 - 10 185 5
Total Equipment Expenses . . . . . 33,335 1,014 10,805 16,706 4,810
Ton Mile Ratio . . . . . . . . . . . . 0.333844 0.521492 0.144664
Less: Sublease Income. . . . . . . . . -
Unaffiliated Barging Income. . . -
Adjusted Nonassigned Allocations . . . $1,014 339 528 147
Allocated Overhead Expenses. . . . . . 8,201 2,738 4,277 1,186
Return on Investment . . . . . . . . . 830 277 433 120
Contract Revenue . . . . . . . . . . . (5,868) (5,868)
Re-allocation of Cost or (Revenue)
to Affiliated Rates. . . . . . . . . - 154 241 $ 395
Total Projected Cost
(Revenue Requirement). . . . . . $36,498 $14,313 $22,185
Adjusted Ton Miles . . . . . . . . . . 2,716,841,600 4,243,938,000 1,177,285,800
Cost Per Adjusted Ton Mile * . . . . . $0.00527 $.00523
* Incorporated in the January 1995 billings.
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