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, 1997
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, 1997
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October 1997 November 1997 December 1997
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. . . . . . . . . . . . 192,232 $2.90 $558 205,272 $2.91 $598 213,202 $2.92 $623
Amos Plant . . . . . . . . . . . . 100,580 $1.04 104 43,351 $0.99 43 131,267 $1.05 138
Total. . . . . . . . . . . . . . 292,812 $662 248,623 $641 344,469 $761
Appalachian Power Company:
Mountaineer Plant. . . . . . . . . 315,637 $1.79 $564 433,980 $1.67 $723 274,128 $1.70 $466
Kanawha River Plant. . . . . . . . 6,036 $0.54 3 86,991 $0.62 54 72,574 $0.64 46
Total. . . . . . . . . . . . . . 321,673 $567 520,971 $777 346,702 $512
Ohio Valley Electric Company . . . . - - - 21,541 $0.93 $ 20 - - -
Indiana Michigan Power Company:
Tanners Creek. . . . . . . . . . . 216,272 $2.75 $595 160,256 $2.42 $387 196,471 $2.37 $466
Indiana Michigan Power Company
and AEP Generating Company:
Rockport Plant . . . . . . . . . . 702,057 $1.81 $1,271 966,799 $1.81 $1,750 1,081,141 $1.87 $2,022
Ohio Power Company:
Cardinal Plant (Unit 1). . . . . . 134,146 $0.69 $ 92 116,677 $0.88 $103 86,242 $0.74 $ 64
Repair Services. . . . . . . . . . - - - - - 7 - - -
Muskingum River Plant. . . . . . . 9,042 $1.41 13 9,976 $1.41 14 9,057 $1.52 14
Total. . . . . . . . . . . . . . 143,188 $105 126,653 $124 95,299 $ 78
BARGING SERVICE BILLINGS
TO UNAFFILIATED COMPANIES
Buckeye Power Company
Cardinal Plant (Unit 2 and 3). . . 69,070 $1.74 $120 159,135 $1.46 $232 87,383 $1.57 $137
Other Coal . . . . . . . . . . . . . 181,151 $1.79 $325 126,476 $1.82 $230 157,475 $1.60 $252
Other. . . . . . . . . . . . . . . . 301,646 $256 175,256 $170 132,800 $112
Note: The above amounts include demurrage charges.
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
RATE OF RETURN ON INVESTMENT
AFTER-TAX
@12/31/97 PERCENT EFFECTIVE WEIGHTED
COMPONENT (000) OF TOTAL COST RATE OF RETURN
Long-term Debt $ 847,164 a 42.83% 7.37% c 3.15%
Preferred Stock 77,880 3.94% 6.30% c 0.25%
Common Stock 1,052,889 b 53.23% 12.00% d 6.39%
Total $1,977,933 100.00% 9.79%*
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 includes the premium on preferred stock and excludes
undistributed subsidiary earnings.
c) Embedded cost at 12/31/97.
d) The rate ordered by the IURC in I&M's 1993 retail rate proceeding.
* Rate will be applied for billing purposes to the twelve months period
commencing April 1, 1998.
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INDIANA MICHIGAN POWER COMPANY
RIVER TRANSPORTATION DIVISION
ANNUAL TONNAGE AND EQUIPMENT USAGE
FOR THE TWELVE MONTHS ENDING DECEMBER 31, 1997
Ton
ANNUAL TONNAGE
Affiliated 20,210,952
Unaffiliated 4,924,550
Total 25,135,502
EQUIPMENT USAGE
Adjusted
Ton Miles
Affiliated 6,681,479,990
Unaffiliated 1,863,641,998
Total 8,545,121,988
