File No. 70-8779

                 SECURITIES AND EXCHANGE COMMISSION
                       Washington, D.C. 20549
                  ---------------------------------

                   POST-EFFECTIVE AMENDMENT NO. 14
                                 TO
                              FORM U-1
                 ----------------------------------

                     APPLICATION OR DECLARATION

                              under the

             PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

                                * * *

                AMERICAN ELECTRIC POWER COMPANY, INC.
               1 Riverside Plaza, Columbus, Ohio 43215

             AMERICAN ELECTRIC POWER SERVICE CORPORATION
               1 Riverside Plaza, Columbus, Ohio 43215
               ---------------------------------------

                      APPALACHIAN POWER COMPANY
              40 Franklin Road, Roanoke, Virginia 24022

                   COLUMBUS SOUTHERN POWER COMPANY
            215 North Front Street, Columbus, Ohio  43215

                   INDIANA MICHIGAN POWER COMPANY
            One Summit Square, Fort Wayne, Indiana  46801

                       KENTUCKY POWER COMPANY
            1701 Central Avenue, Ashland, Kentucky  41101

                       KINGSPORT POWER COMPANY
            422 Broad Street, Kingsport, Tennessee  37660

                         OHIO POWER COMPANY
           339 Cleveland Avenue, S.W., Canton, Ohio  44702

                       WHEELING POWER COMPANY
          51 - 16th Street,  Wheeling,  West Virginia  26003
         (Name of company or companies filing this statement
            and addresses of principal executive offices)

                                * * *
                AMERICAN ELECTRIC POWER COMPANY, INC.
               1 Riverside Plaza, Columbus, Ohio 43215
               ---------------------------------------
               (Name of top registered holding company
               parent of each applicant or declarant)

                                * * *
                   Susan Tomasky, General Counsel
             AMERICAN ELECTRIC POWER SERVICE CORPORATION
               1 Riverside Plaza, Columbus, Ohio 43215
               ---------------------------------------
               (Name and address of agent for service)


      American  Electric Power Company,  Inc.  ("American"),  a holding  company
registered  under the Public Utility  Holding  Company Act of 1935 ("1935 Act"),
and American  Electric  Power Service  Corporation,  Appalachian  Power Company,
Columbus  Southern  Power  Company,  Kentucky  Power  Company,  Kingsport  Power
Company,  Indiana Michigan Power Company,  Ohio Power Company and Wheeling Power
Company (sometimes collectively referred to herein as "Applicants") hereby amend
their Application or Declaration on Form U-1 in File No. 70-8779:
      1.   By amending and restating Item 1., Sections A-D, as follows:

      A.   New Business

      American is authorized  to form one or more direct or indirect  nonutility
subsidiaries  (the 'New  Subsidiaries') to engage in the businesses of brokering
and marketing natural and manufactured gas, electric power, emission allowances,
coal, oil, refined petroleum, refined petroleum products and natural gas liquids
('Energy  Commodities').  HCAR No. 26572  (September  13,  1996).  The brokering
business involves arranging the sale and purchase, transportation,  transmission
and storage of Energy  Commodities  for a  commission.  The  marketing  business
involves entering into contracts to sell, purchase,  exchange,  pool, transport,
transmit,  distribute,  store and otherwise deal in Energy Commodities.  The New
Subsidiaries from time to time have an inventory of Energy Commodities; however,
they do not own or  operate  facilities  used  for the  production,  generation,
processing,  storage,  transmission,  transportation,  or distribution of Energy
Commodities.

      The New  Subsidiaries  broker and market Energy  Commodities to retail and
wholesale  customers  throughout the United  States.  Pursuant to HCAR No. 27062
(August 19, 1999), this Commission  extended the New Subsidiaries'  authority to
broker and market Energy Commodities to include Canada.

      In order to manage the risk associated with brokering and marketing Energy
Commodities,  the New Subsidiaries may enter into futures,  forwards,  swaps and
options  contracts  relating to Energy  Commodities.  See the  discussion  under
Section C. below. No New Subsidiary is or will be a public utility company under
the 1935 Act.

      B.   Service Agreements with New Subsidiaries

      The New  Subsidiaries  have entered into Service  Agreements with American
Electric  Power  Service   Corporation   ('AEPSC')  and  the  operating  company
subsidiaries of American ('Operating Subsidiaries'), pursuant to which personnel
and other resources of AEPSC and the Operating  Subsidiaries  are made available
to the New  Subsidiaries,  upon  request,  to support  the New  Subsidiaries  in
connection with their authorized activities. The Service Agreements require that
AEPSC  and the  Operating  Subsidiaries  provide,  account  for and  bill  their
services to the New Subsidiaries,  utilizing a work order system, on a full cost
reimbursement  basis in accordance  with Rules 90 and 91 under the 1935 Act. The
reimbursed  cost of services  identified  through the work order system includes
all direct charges and a prorated share of other related costs.

      The  Service   Agreements  also  provide  that  AEPSC  and  the  Operating
Subsidiaries  make warranties of due care and compliance with applicable laws to
the New Subsidiaries  concerning the performance of the services requested,  but
failure  to meet  these  obligations  does  not  subject  them to any  claim  or
liability,  other than to reperform the work at cost in accordance with the work
order. Likewise, AEPSC and the Operating Subsidiaries are indemnified by the New
Subsidiaries  against  liabilities to or claims of third parties  arising out of
the performance of work on behalf of the New Subsidiaries.

      Under the Service  Agreements,  AEPSC and each Operating  Subsidiary  make
available personnel or resources requested by the New Subsidiaries, if it has or
can have  available  such  personnel  or  resources.  AEPSC  and each  Operating
Subsidiary determine the availability of its personnel and resources.

      The New Subsidiaries  principally use the personnel and resources of AEPSC
and of the Operating  Subsidiaries  to broker and market Energy  Commodities  on
their behalf and to administer  their  businesses.  No more than 2% of the total
employees of AEPSC and the Operating Subsidiaries have or will, at any one time,
directly or indirectly rendered or render services to the New Subsidiaries.

      C.   Initial  Capitalization  of  New  Subsidiaries  and  Guaranties  by
           American

      As the initial capitalization, a New Subsidiary issued and sold 100 shares
of Common Stock for $100 to American.  Under Rule 52, the issuance of additional
securities by the New  Subsidiaries as well as their  acquisition is exempt from
prior  Commission  approval under the 1935 Act. Rule 45(b)(4) exempts the making
of  cash  capital  contributions  to  New  Subsidiaries  from  prior  Commission
approval.

      By orders dated  September 13, 1996 (HCAR No.  26572),  September 27, 1996
(HCAR No.  26583),  May 2, 1997 (HCAR No.  26713),  November  30, 1998 (HCAR No.
26947) and April 7, 1999 (HCAR No. 26998),  American was authorized to guarantee
through  December 31, 2002 up to  $200,000,000 of debt and up to $200,000,000 of
other  obligations  of  the  New  Subsidiaries  (collectively,   the  'Guarantee
Authority').  The  Guarantee  Authority  was  expanded  to  permit  American  to
guarantee  the debt and  other  obligations  of any  subsidiary,  including  New
Subsidiaries,   acquired  or  established   under  Rule  58  or  performing  the
energy-related  services  permitted  under  Rule 58.  Any  guarantee  issued  by
American on behalf of the New  Subsidiaries  will count  towards the  'aggregate
investment' permitted by Rule 58.

      Debt  financing of the New  Subsidiaries  which is  guaranteed by American
will not (i) exceed a term of 15 years or (ii)(a)  bear a rate  equivalent  to a
floating  interest rate in excess of 2.0% over the prime rate,  London Interbank
Offered Rate or other appropriate index, in effect from time to time or (b) bear
a fixed  rate in excess of 2.50%  above  the  yield at the time of  issuance  of
United State Treasury obligations of a comparable  maturity.  Any commitment and
other  fees on the debt will not  exceed 50 basis  points per annum on the total
amount of debt financing.

      Obligations  of the  New  Subsidiaries  (other  than  debt  guaranteed  by
American)  may take the form of bid  bonds or  performance  or other  direct  or
indirect  guarantees of contractual or other obligations.  Such arrangements may
be necessary in order for the New  Subsidiaries  to satisfy a customer that they
have the support for their contractual obligations.

      American undertakes that it will not seek recovery through higher rates to
customers of its utility  subsidiaries  in order to compensate  American for any
possible  losses  that it may  sustain  by its  guarantee  of any  debt or other
obligations of the New Subsidiaries.

      American now requests to increase the Guarantee Authority to (i) guarantee
debt  of  such  subsidiaries  to  third  parties  in an  amount  not  to  exceed
$600,000,000  through June 30, 2004 and (ii) guarantee other obligations of such
subsidiaries  to third parties in an amount not to exceed  $600,000,000  through
June 30,  2004.  Guaranties  may take the form of an  agreement  by  American to
guarantee,  undertake  reimbursement  obligations,  assume  liabilities or other
obligations  with  respect  to, or act as surety on,  bonds,  letters of credit,
equity commitments,  performance and other obligations. The additional Guarantee
Authority   sought  herein  is  necessary   because   Applicants  are  presently
investigating   several  opportunities  to  develop  and  construct  'qualifying
facilities'  as defined under PURPA and other similar  facilities.  The costs of
these projects under  consideration  approach  $400,000,000.  Applicants wish to
pursue such projects, and therefore American requests authorization to guarantee
debt and other  obligations of such  subsidiaries.  The terms of such guarantees
will be in accordance with the terms of those previously approved in this File.

      Regarding  its  marketing  and  trading  of  Energy  Commodities,  the New
Subsidiaries  generally  strive  to match the  majority  of their  portfolio  of
contracts  for sales of Energy  Commodities  with a portfolio of  contracts  for
purchases with similar terms. For instance,  long-term firm sales contracts with
variable or indexed prices will be matched with long-term  supply contracts with
variable or indexed prices.  Financial instruments,  such as futures,  forwards,
swaps and option contracts,  are used to reduce risk with respect to the portion
of their total sales contract  portfolio  which is not matched with  appropriate
supply contracts.

      A  successful  marketer  of  Energy  Commodities  must be able to manage a
'book' of contracts involving purchases, sales and trades of Energy Commodities.
The marketer seeks to hedge the risk associated  with these contracts  through a
combination  of balanced  physical  purchases and sales,  purchases and sales on
futures  markets,  or other  derivative  risk  management  tools.  A  successful
marketer needs a strong  presence in the market for physical  delivery of Energy
Commodities,  as well as the capability to participate in the growing  financial
market for energy-related  products. In this connection,  the value added by the
marketer,  from the perspective of its customer,  is the superior ability of the
marketer to aggregate risks so as to manage them as efficiently as possible.  In
order to do this,  the marketer  needs to have the ability to participate in all
the energy markets, both physically and financially.

      Regarding its marketing and trading of Energy  Commodities,  American,  at
times,  guarantees 'other  obligations' of the New  Subsidiaries.  Historically,
'other  obligations'  have  consisted  of  agreements  with  counterparties  for
purchases  and sales of  Energy  Commodities.  To date,  no New  Subsidiary  has
defaulted in any obligation and, thus, no counterparty  has sought to enforce an
American guarantee resulting from a default of a New Subsidiary.

      Applicants  represent that the requested additional Guarantee Authority is
limited to any subsidiary acquired or established under Rule 58. Rule 58 permits
aggregate  investments  in  Rule  58  companies  to  equal  up  to  15%  of  the
consolidated  capitalization of the registered holding company. Pursuant to HCAR
No. 27186 (June 14, 2000),  American acquired Central and South West Corporation
('CSW') (the 'Merger  Order').  As of December 31, 1999, 15% of the consolidated
capitalization  of  American  and CSW would  have been  $2,902,050,000,  well in
excess of the $1,200,000,000  Guarantee  Authority requested in this File. As of
December 31, 1999,  American's and CSW's pro forma aggregate  investment in Rule
58 companies  was $337 million for  approximately  1.7%  consolidated  pro forma
capitalization.  If American's investment increased to $1.2 billion of guarantee
authority sought in this File, American's investments in Rule 58 companies would
be   approximately   7.9%  of  Americans'  pro  forma   consolidated  pro  forma
capitalization.1

      D.   Compliance with Rule 54

      Rule  54  provides  that  in  determining   whether  to  approve   certain
transactions other than those involving an exempt wholesale generator ('EWG') or
a foreign utility company  ('FUCO'),  as defined in the 1935 Act, the Commission
will not consider the effect of the capitalization or earnings of any subsidiary
which is an EWG or FUCO if Rule 53(a), (b) and (c) are satisfied. All applicable
conditions  of Rule 53(a) are currently  satisfied  except for clause (1). As of
December 31, 1999, American and CSW would have had aggregate investments in EWGs
and FUCOs, on a pro forma basis, of $1,853,000,000.  This investment  represents
approximately  51%  of  $3,630,000,000,  the  pro  forma  consolidated  retained
earnings of American  and CSW as of December  31,  1999.  However,  American was
authorized to invest up to 100% of its  consolidated  retained  earnings in EWGs
and FUCOs  (HCAR No.  26864,  April 27,  1998)  (the  '100%  Order') in File No.
70-9021.  The Merger Order further  authorized  American to invest up to 100% of
the  consolidated  retained  earnings of American and CSW.  Although  American's
aggregate  investment exceeds the 50% 'safe harbor' limitation contained in Rule
53,  American's  aggregate  investment is below the 100%  limitation  authorized
under the Merger Order.

      As of  September  30,  1997,  the most recent  period for which  financial
statement information was evaluated in the 100% Order,  American's  consolidated
capitalization consisted of 47.4% common and preferred equity and 52.6% debt. As
of December 31, 1999, American's and CSW's pro forma consolidated capitalization
would have consisted of 36.6% common and 0.8%  preferred  equity and 62.6% debt.
The  requested  authorization  will have no impact  on  American's  consolidated
capitalization ratios on a pro forma basis. American believes this ratio remains
within acceptable ranges and limits. As of September 30, 1997, Standard & Poor's
rating of secured debt for  American's  Operating  Subsidiaries  was as follows:
APCo, A-; CSP, A-; I&M, BBB+; KPCo, BBB+; and OPCo, A-. As of December 31, 1999,
Standard & Poor's rating of secured debt for American's  Operating  Subsidiaries
was as follows:  APCo, A; CSP, A-; I&M, A-; KPCo, A and OPCo, A-. As of December
31,  1999,  Standard  &  Poor's  rating  of  secured  debt for  CSW's  Operating
Subsidiaries was as follows:  Central Power and Light Company, A; Public Service
Company of Oklahoma,  AA-;  Southwestern  Electric Power Company,  AA-; and West
Texas Utilities Company, A. Further, American's interests in EWGs and FUCOs have
contributed positively to its consolidated earnings.

      American  will  continue  to  maintain in  conformity  with United  States
generally  accepted  accounting  principles  and make  available  the  books and
records  required by Rule 53(a)(2).  American does, and will continue to, comply
with  the  requirement  that no  more  than 2% of the  employees  of  American's
operating utility  subsidiaries  shall, at any one time, directly or indirectly,
render services to an EWG or FUCO in which American  directly or indirectly owns
an interest,  satisfying  Rule 53(a)(3).  And lastly,  American will continue to
submit a copy of Item 9 and Exhibits G and H of  American's  Form U5S to each of
the public  service  commissions  having  jurisdiction  over the retail rates of
American's operating utility subsidiaries,  satisfying Rule 53(a)(4). Rule 53(c)
is  inapplicable  by its terms  because the  proposals  contained  herein do not
involve the issue and sale of securities  (including any  guarantees) to finance
an acquisition of an EWG or FUCO.

      Rule 53(b).  (i) Neither  American nor any  subsidiary  of American is the
subject of any pending bankruptcy or similar proceeding; (ii) American's average
consolidated  retained  earnings  for the four  most  recent  quarterly  periods
($1,725,274,000)  represented an increase of approximately $51,053,000 (or 3.0%)
in the average  consolidated  retained earnings from the previous four quarterly
periods ($1,674,221,000); and (iii) for the fiscal year ended December 31, 1999,
American did not report  operating losses  attributable to American's  direct or
indirect investments in EWGs and FUCOs.

      As noted, American was authorized to invest up to 100% of its consolidated
retained  earnings in EWGs and FUCOs.  In connection with its  consideration  of
American's  application for the 100% Order, the Commission  reviewed  American's
procedures for evaluating EWG or FUCO investments.  Based on projected financial
ratios  and on  procedures  and  conditions  established  to limit  the risks to
American involved with investments in EWGs and FUCOs, the Commission  determined
that  permitting  American  to  invest up to 100% of its  consolidated  retained
earnings in EWGs and FUCOs would not have a substantial  adverse impact upon the
financial integrity of the American,  nor would it have an adverse impact on any
of the  utility  subsidiaries  or their  customers,  or on the  ability of state
commissions to protect the utility subsidiaries or their customers.

      2.   By adding the following statement to the end of ITEM 2.
FEES, COMMISSIONS AND EXPENSES:

      "No  additional  expenses are expected to be incurred in connection  with
this Post-Effective Amendment No. 14."

      3.   By filing Exhibit F-1, Opinion of Counsel herewith.


                                    SIGNATURE

      Pursuant to the  requirements of the Public Utility Holding Company Act of
1935, the undersigned  companies have duly caused this statement to be signed on
their behalf by the undersigned thereunto duly authorized.

                AMERICAN ELECTRIC POWER COMPANY, INC.
                AMERICAN ELECTRIC POWER SERVICE CORPORATION
                APPALACHIAN POWER COMPANY
                COLUMBUS SOUTHERN POWER COMPANY
                INDIANA MICHIGAN POWER COMPANY
                KENTUCKY POWER COMPANY
                KINGSPORT POWER COMPANY
                OHIO POWER COMPANY
                WHEELING POWER COMPANY


                By /s/ H. W. Fayne
                       Vice President


Dated:  August 28, 2000



                                                Exhibit F-1



614/223-1648


Securities and Exchange Commission
Office of Public Utility Regulation
450 Fifth Street, N.W.
Washington, D.C. 20549

August 28, 2000

Re:   American Electric Power Company, Inc. ("AEP")
      SEC File No. 70-8779

Gentlemen:

Regarding  the  transactions  proposed  and  described  in  the  Application  or
Declaration  on Form U-1  filed by AEP with  this  Commission  in the  captioned
proceeding in connection  with the proposed  guarantees of indebtedness or other
obligations  of  one  or  more  direct  or  indirect   subsidiaries   (the  "New
Subsidiaries"),  and subject to the assumptions in the following paragraph, I am
of the opinion that:

      (a)  all state laws applicable to the proposed guarantees by AEP of the
           New Subsidiaries will have been complied with;

      (b)  AEP is validly organized and duly existing;

      (c)  any guarantees issued by AEP will be valid and binding obligations
           of AEP enforceable in accordance with its terms;

      (d)  Guarantees by AEP of the New Subsidiaries  will not violate the legal
           rights  of  the  holders  of  any  securities  issued  by  AEP or any
           associate company thereof.

In rendering my opinion  above,  I have  assumed  that the  following  will take
place:

      1.   execution and delivery of any agreement pursuant to which the
           guarantees will be issued; and

      2.   issuance of the guarantees in accordance with the governmental and
           corporate authorizations aforesaid.

I  hereby  consent  to  the  filing  of  this  opinion  as  an  exhibit  to  the
above-mentioned Application or Declaration.

Very truly yours,

/s/ Thomas G. Berkemeyer

Thomas G. Berkemeyer
   Counsel for
American Electric Power Company, Inc.





1 Total  consolidated pro forma  capitalization  of American and CSW (calculated
from Form 10-Ks as of December  31,  1999,  excluding  short-term  debt and that
portion of long-term debt due within one year and after conforming  adjustments)
equals $19,347,000,000.