INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 24039
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1996
CONTENTS
Page
Summary of Billings 1
Rate of Return on Investment 2
Annual Tonnage and Equipment Usage 3
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
SUMMARY OF BILLINGS
BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1996
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October 1996 November 1996 December 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. . . . . . . . . . . . 196,067 $3.28 $643 152,581 $3.24 $495 184,714 $3.32 $614
Amos Plant . . . . . . . . . . . . 36,135 $1.01 37 22,538 $1.03 23 39,726 $1.02 41
Total. . . . . . . . . . . . . . 232,202 $680 175,119 $518 224,440 $655
Appalachian Power Company:
Mountaineer Plant. . . . . . . . . 313,959 $1.63 $512 210,496 $1.57 $330 200,422 $1.56 $313
Kanawha River Plant. . . . . . . . 53,716 $0.56 30 57,516 $0.55 31 57,378 $0.54 31
Total. . . . . . . . . . . . . . 367,675 $542 268,012 $361 257,800 $344
Indiana Michigan Power Company:
Tanners Creek. . . . . . . . . . . 130,793 $2.28 $298 165,546 $2.61 $433 191,472 $3.15 $603
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant . . . . . . . . . . 801,462 $1.70 $1,362 684,705 $1.70 $1,164 740,632 $1.70 $1,259
Ohio Power Company:
Cardinal Plant (Unit 1). . . . . . 129,907 $1.14 $148 46,139 $0.81 $ 37 92,805 $1.01 $ 94
Mitchell Plant . . . . . . . . . . 1,623 $3.33 5 19,879 $4.01 80 19,889 $4.84 96
Muskingum River Plant. . . . . . . 6,431 $3.01 19 9,155 $3.01 28 9,199 $1.36 13
Total. . . . . . . . . . . . . . 137,961 $172 75,173 $145 121,893 $203
BARGING SERVICE BILLINGS
TO UNAFFILIATED COMPANIES
Buckeye Power Company
Cardinal Plant (Unit 2 and 3). . . 88,780 $2.50 $222 98,819 $1.93 $191 64,149 $1.70 $109
Other Coal . . . . . . . . . . . . . 114,754 $2.12 $244 125,687 $3.68 $462 100,811 $2.26 $228
Other. . . . . . . . . . . . . . . . 43,408 $177 61,941 $263 40,111 $240
Note: The above amounts include demurrage charges.
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVSION
RATE OF RETURN ON INVESTMENT
AFTER-TAX
@12/31/96 PERCENT EFFECTIVE WEIGHTED
COMPONENT (000) OF TOTAL COST RATE OF RETURN
Long-term Debt $ 846,913 a 41.38% 7.50% c 3.10%
Preferred Stock 156,977 7.67% 6.20% c 0.48%
Common Stock 1,042,671 b 50.95% 12.00% d 6.11%
Total $2,046,561 100.00% 9.69%*
a) Long-term debt is net of unamortized debt expense and the unamortized
loss on reacquired debt and excludes the liability for spent nuclear
fuel disposal costs.
b) Common equity excludes undistributed subsidiary earnings.
c) Embedded cost at 12/31/96.
d) The rate ordered by the IURC in I&M's 1993 re a retail rate proceeding
involving I&M.
* Rate will be applied for billing purposes to the twelve months period
commencing April 1, 1997.
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
ANNUAL TONNAGE AND EQUIPMENT USAGE
FOR THE TWELVE MONTHS ENDING DECEMBER 31, 1996
Ton
ANNUAL TONNAGE
Affiliated 19,635,842
Unaffiliated 2,448,914
Total 22,084,756
EQUIPMENT USAGE
Adjusted
Ton Miles
Affiliated 6,859,798,823
Unaffiliated 1,080,380,731
Total 7,940,179,554
