<PAGE>
FORM U-13-60/A
MUTUAL AND SUBSIDIARY SERVICE COMPANIES*
Revised February 7, 1980
ANNUAL REPORT
FOR THE PERIOD
Beginning January 1, 1996 and Ending December 31, 1996
TO THE
U. S. SECURITIES AND EXCHANGE COMMISSION
OF
AYP CAPITAL, INC.
A Nonutility Subsidiary*
Date of Incorporation: August 18, 1994.
If not incorporated, Date of Organization: Not Applicable
State or Sovereign Power under which Incorporated
or Organized: Delaware
Location of Principal Executive Offices of
Reporting Company:
10435 Downsville Pike, Hagerstown, MD
Name, title and address of officer to whom correspondence
concerning this report should be addressed:
Thomas J. Kloc, Controller
AYP Capital, Inc.
10435 Downsville Pike
Hagerstown, MD 21740-1766
Name of Principal Holding Company Whose
Subsidiaries are served* by Reporting Company:
Allegheny Power System, Inc.
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1. Applicant hereby amends its Form U-13-60, Exhibit 27, Financial Data
Schedule, by deleting it in its entirety and substituting the attached
Financial Data Schedule.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Public Utility Holding Company
Act of 1935, the undersigned company has duly caused this statement to be
signed on its behalf by the undersigned thereunto duly authorized.
AYP CAPITAL, INC.
/s/ Carol G. Russ
By:
Carol G. Russ
Counsel
Dated: May 1, 1997
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> OPUR2
<MULTIPLIER> 1
<CURRENCY> U.S.DOLLARS
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> DEC-31-1996
<EXCHANGE-RATE> 1
<BOOK-VALUE> PER-BOOK
<NET-SERVICE-COMPANY-PROPERTY> 178,546,371
<TOTAL-INVESTMENTS> 2,790,505
<TOTAL-CURRENT-ASSETS> 26,961,219
<TOTAL-DEFERRED-DEBITS> 17,420
<OTHER-ASSETS-AND-DEBITS> 0
<TOTAL-ASSETS-AND-DEBITS> 208,315,515
<TOTAL-PROPRIETARY-CAPITAL> 27,404,050
<TOTAL-LONG-TERM-DEBT> 160,012,500
<NOTES-PAYABLE> 0
<NOTES-PAYABLE-ASSOCIATE-COMP> 0
<OTHER-CURR-AND-ACCRUED-LIAB> 19,365,603
<TOTAL-DEFERRED-CREDITS> 594,238
<DEFERRED-INCOME-TAX> 939,124
<TOT-LIABIL-AND-PROPRIET-CAP> 208,315,515
<SERVICES-ASSOCIATE-COMPANIES> 0
<SERVICES-NON-ASSOCIATE-COMP> 2,305,179*
<MISC-INCOME-OR-LOSS> (10,367)
<TOTAL-INCOME> 2,294,812
<SALARIES-AND-WAGES> 0
<EMPLOYEE-PENSION-AND-BENEFIT> 183,515
<OTHER-EXPENSES> 5,419,886
<TOTAL-EXPENSES> 5,603,401
<NET-INCOME> (3,308,589)
<TOTAL-EXPENSES-DIRECT-COST> 0
<TOTAL-EXPENSES-INDIRECT-COST> 0
<TOT-EXP-DIRECT-AND-INDIRECT> 0
<PERSONNEL-END-OF-YEAR> 0
*Sales are associated with AYP Energy, Inc., a wholly-owned subsidiary of
AYP Capital that operates as an exempt wholesale generator and power marketer
in the wholesale electricity market.
</TABLE>
