AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
                        QUARTERLY REPORT PER REQUIREMENTS
                    OF HOLDING COMPANY ACT RELEASE NO. 26864
                      FOR THE QUARTER ENDED MARCH 31, 2003

1) Aggregate Investment, for which there is recourse to AEP Co., Inc., in
   Exempt Wholesale Generators (EWG) and Foreign Utility Companies (FUCO)

                                  (in millions)
EWG Investment                        $  161
FUCO Investment                        1,605
                                      ------
Total Aggregate Investment
 in EWG's and FUCO's                  $1,766

Components of statement of aggregate investment in EWG and FUCO's are filed
under confidential treatment pursuant to Rule 104(b).

2) Aggregate Investment as a Percentage of the Following Items

                                  (in millions)                          %
Total Capitalization                $22,408*                            7.9%
Net Utility Plant                    20,558                             8.6%
Total Assets                         36,901                             4.8%
Market Value of Common Equity         9,026                            19.6%

*Includes Long-term Debt Due Within One Year and Short-term Debt.

3) Consolidated Capitalization Ratio

                                  (in millions)                       %
Short-term Debt                     $   239
Long-term Debt                       12,132*
                                    -------
  Total Debt                         12,371                         55.2%
                                    -------
Equity Unit Senior Notes                376                          1.7%
                                    -------
Certain Subsidiary Obligated,
  Mandatorily Redeemable,
  Preferred Securities of
  Subsidiary Trusts Holding
  Solely Junior Subordinated
  Debentures of Such
  Subsidiaries                          321                          1.4%
                                    -------
Minority Interest in
  Finance Subsidiary                    759                          3.4%
                                    -------
Preferred Stock                         144                          0.6%
                                    -------
Common Stock                          2,626
Paid-in Capital                       4,175
Accumulated Other Comprehensive
 Income                                (602)
Retained Earnings                     2,238
                                    -------
  Total Common Equity                 8,437                         37.7%
                                    -------
Total Capitalization                $22,408                        100.0%
                                    =======

* Includes Long-term Debt Due Within One Year.





          AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
                        QUARTERLY REPORT PER REQUIREMENTS
                    OF HOLDING COMPANY ACT RELEASE NO. 26864
                      FOR THE QUARTER ENDED MARCH 31, 2003

4) Market-to-book Ratio of AEP Common Stock

Closing Market Price per Share                       $22.85
Book Value per Share                                 $21.36

Market-to-book Ratio of Common Stock                  107%


5) Analysis of Growth in Retained Earnings

Statement of analysis of growth in retained earnings is filed under confidential
treatment pursuant Rule 104(b).


6) Statement of Revenues and Net Income for each EWG and FUCO

Statement of revenues and net income for the following EWG's and FUCO's are
filed under confidential treatment pursuant to Rule 104(b):

         CitiPower Pty.
         Nanyang General Light Electric Co., Ltd.
         Pacific Hydro Ltd.
         AEP Energy Services Limited
         AEP Energy Services UK Generation Limited
         AEP Energy Services Nordic SA
         InterGen Denmark, Aps
         CSW Vale L.L.C.
         South Coast Power Limited
         Trent Wind Farm, Limited Partnership
         Newgulf Power Venture, Inc.
         Desert Sky Wind Farm LP