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Previous: VANGUARD VARIABLE INSURANCE FUND, NSAR-A, 1996-05-30 |
Next: TRANSCEND SERVICES INC, S-3, 1996-05-30 |
<PAGE>
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, 1996
CONTENTS
Page
Summary of Billings 1
Derivation of Billing Rates 2
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
SUMMARY OF BILLINGS
BY MONTH, FOR THE QUARTER ENDED MARCH 31, 1996
<CAPTION>
January 1996 February 1996 March 1996
------------------------------ ------------------------------ ----------------------------
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 143,371 $3.05 $437 178,665 $2.89 $516 226,035 $2.89 $653
Amos Plant 28,237 $0.80 23 35,335 $0.85 30 45,065 $0.85 38
-------- -------- -------- -------- -------- --------
Total 171,608 $460 214,000 $546 271,100 $691
======== ======== ======== ======== ======== ========
Appalachian Power Company:
Mountaineer Plant 118,635 $1.50 $177 206,657 $1.47 $303 218,105 $1.54 $336
Kanawha River Plant - - - 27,956 $0.70 20 36,535 $0.69 25
-------- -------- -------- -------- -------- --------
Total 118,635 $177 234,613 $323 254,640 $361
======== ======== ======== ======== ======== ========
Indiana Michigan Power Company:
Tanners Creek 151,254 $3.84 $581 166,532 $2.60 $433 161,964 $2.73 $442
======== ======== ======== ======== ======== ========
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant 701,496 $1.58 $1,108 1,018,387 $1.58 $1,609 1,050,899 $1.58 $1,661
======== ======== ======== ======== ======== ========
Ohio Power Company:
Cardinal Plant (Unit 1) 57,158 $0.69 $40 108,025 $0.64 $69 91,853 $0.79 $72
Mitchell Plant 40,793 $3.60 147 81,066 $3.87 314 66,683 $3.82 255
Muskingum River Plant - - - 10,218 $1.37 14 17,087 $1.37 23
-------- -------- -------- -------- -------- --------
Total 97,951 $187 199,309 $397 175,623 $350
======== ======== ======== ======== ======== ========
BARGING SERVICE BILLINGS TO
UNAFFILIATED COMPANIES:
Buckeye Power Company:
Cardinal Plant (Units 2 & 3) 49,033 $2.49 $122 75,669 $2.57 $194 76,112 $2.48 $189
======== ======== ======== ======== ======== ========
Other Coal 61,733 $1.91 $118 85,384 $2.08 $178 115,453 $2.39 $277
======== ======== ======== ======== ======== ========
Other - $165 4,635 $89 62,533 $157
======== ======== ======== ======== ======== ========
</TABLE>
<PAGE>
<TABLE>
INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
DERIVATION OF BILLING RATES FOR THE PERIOD JANUARY 1, 1996 THROUGH MARCH 31, 1996
BASED ON PROJECTED COSTS FOR THE PERIOD JANUARY 1, 1996 THROUGH DECEMBER 31, 1996
<CAPTION>
Projected Non-Assigned Upper Ohio Upper Ohio
Cost Cost & Kanawha Green & Ohio (Contract)
(000) (000) (000) (000) (000)
---------- ----------- ---------- ------------ ----------
<S> <C> <C> <C> <C> <C>
DIRECT EXPENSES:
Rent $10,905 $1,603 $3,690 $3,995 $1,617
Wages 11,383 157 3,548 6,496 1,182
Fuel 6,063 12 1,083 4,419 549
Fuel Taxes 2,536 4 464 1,840 228
Supplies 2,498 32 597 1,549 320
Tow Services 650 - 489 90 71
Other Taxes 120 - 10 104 6
---------- ----------- ---------- ------------ ----------
Total Equipment Expenses 34,155 1,808 9,881 18,493 3,973
Ton Mile Ratio 0.319774 0.563473 0.116753
---------- ------------ ----------
Less: Sublease Income -
Unaffiliated Barging Income -
-----------
Adjusted Nonassigned Allocations $1,808 578 1,019 211
===========
Allocated Overhead Expenses 7,204 2,304 4,059 841
Return on Investment 827 265 466 97
----------
Contract Revenue (881) (282) (497) (103)
Non-Affiliated Contracts (5,419) - - (5,419)
----------
Re-Allocation of Cost or (Revenue)
to Affiliated Rates - (145) (255) $400
---------- ---------- ------------ ==========
Total Projected Cost
(Revenue Requirement) $35,886 $12,601 23,285
========== ========== ============
Adjusted Ton Miles 7,852,277,700 2,510,953,100 4,424,546,600 916,778,000
------------ ------------ ------------ ----------
Cost Per Adjusted Ton Mile* $0.00502 $0.00526
========== ============
*Incorporated in the January 1996 billings.
</TABLE>
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