U5S 1 u5s2003.txt U5S File No. 30-150 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5S ANNUAL REPORT For the year ended December 31, 2003 Filed Pursuant to the Public Utility Holding Company Act of 1935 by AMERICAN ELECTRIC POWER COMPANY, INC. 1 Riverside Plaza, Columbus, Ohio 43215 AMERICAN ELECTRIC POWER COMPANY, INC. FORM U5S - ANNUAL REPORT For the Year Ended December 31, 2003 TABLE OF CONTENTS ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 2003 ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES ITEM 5. INVESTMENTS IN SECURITIES OF NON-SYSTEM COMPANIES ITEM 6. OFFICERS AND DIRECTORS Part I. Names, principal business address and positions held as of December 31, 2003 Part II. Banking connections Part III. Compensation and other related information ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS Part I. Contracts for services or goods between system companies Part II. Contracts to purchase services or goods between any system company and any affiliate Part III. Employment of any person by any system company for the performance on a continuing basis of management services ITEM 9. EXEMPT WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Index) SIGNATURE
ITEM 1. SYSTEM COMPANIES AND INVESTMENTS THEREIN AS OF DECEMBER 31, 2003 PERCENTAGE PERCENTAGE OF OF VOTING VOTING ISSUER'S OWNER'S SECURITIES SECURITIES NUMBER BOOK BOOK OWNED BY OWNED BY OF COMMON VALUE VALUE IMMEDIATE OTHER SHARES EQUITY EQUITY COMPANY NAME PARENT ENTITY OWNED (IN 000'S) (IN 000'S) ------------------ ---------- ----------- ---------- ---------- ---------- 00. American Electric Power Company, Inc. [Note A] - - 01. American Electric Power Service Corporation [Note B] 100% 23,500 (80,674) 1,450 01. AEP C&I Company, LLC [Note W] 100% Uncertified 394 394 02. AEP Texas Commercial & Industrial Retail GP, LLC [Note W] 100% Uncertified (65) (65) 03. AEP Texas Commercial & Industrial Retail Limited Partnership [Note W] 0.50% 99.50% Partnership 17,980 90 02. AEP Texas Commercial & Industrial Retail Limited Partnership [Note W] 99.50% 0.50% Partnership 17,980 17,980 02. AEP Gas Power GP, LLC [Note G] 100% Uncertified (13,763) (13,763) 03. AEP Gas Power Systems, LLC [Note G] 75% 25% Uncertified 1,188 1,093 02. REP Holdco, LLC [Note W] 100% 3,000 2,718 2,718 03. Mutual Energy SWEPCO, LLC [Note W] 99.5O% O.50% Uncertified (43) (43) 03. REP General Partner LLC [Note W] 100% Uncertified 1,099 1,099 04. Mutual Energy SWEPCO, LLC [Note W] O.50% 99.5O% Uncertified (43) - 01. AEP Coal, Inc. [Note L] 100% Uncertified (79,394) (79,394) 02. Snowcap Coal Company, Inc. [Note L] 100% Uncertified - - 02. AEP Kentucky Coal, LLC [Note L] 100% Uncertified - - 02. AEP Ohio Coal, LLC [Note L] 100% Uncertified - - 02. AEP West Virginia Coal, Inc. [Note L] 100% Uncertified - - 02. Leesville Land, LLC [Note L] 100% Uncertified - - 02. Springdale Land, LLC [Note L] 100% Uncertified - - 01. AEP Communications, Inc. [Note C] 100% 100 (168,243) (168,679) 02. AEP Communications, LLC [Note C] 100% 100 (173,307) (173,307) 03. C3 Networks Limited Partnership [Note C] 49.75% 49.75% Partnership - - 04. C3 Networks & Communications Limited Partnership [Note C] 99.50% 0.50% Partnership - - 03. American Fiber Touch, LLC [Note C] 50% 50% Uncertified 22,658 22,658 03. AEP Fiber Venture, LLC [Note C] 100% Uncertified - - 04. AFN Communications, LLC [Note C] 48% 52% 5,008 - - 01. AEP Generating Company [Note J] 100% 1,000 45,875 45,875 01. AEP Desert Sky LP, LLC [Note X] 100% Uncertified 858 784 02. AEP Desert Sky GP, LLC [Note X] 100% Uncertified 4,799 4,799 01. AEP Desert Sky LP II, LLC [Note X] 100% Uncertified 58,229 58,229 03. Desert Sky Wind Farm LP [Note X] 1% 99% Uncertified 588 588 01. AEP Investments, Inc. [Note F] 100% 100 5,604 5,604 02. AEP EmTech, LLC [Note DD] 100% Uncertified - - 03. Altra Energy Technologies, Inc. [Note DD] 5% 95% N/A - - 03. Amperion, Inc. [Note DD] 38.30% 61.70% N/A - - 03. Universal Supercapacitors, LLC 50.00% 50.00% Uncertified - - 03. Integrated Fuel Cell Technologies, Inc. [DD] 0.10% 99.90% Uncertified - 40 03. Distribution Vision 2010, LLC 20.00% 80.00% Uncertified - 79 02. AEP Transportation, LLC [Note H] 100% Uncertified - - 02. Pacific Hydro Limited [Note H] 20% 80% Uncertified - 54,887 02. Dynelec, Inc. 1.17% 98.83% Uncertified - - 02. Energy Trading Platform Holding Company, Inc. [Note W] 16.70% 83.30% Uncertified - - 02. Intercontinental Exchange Inc. [Note W] 5.30% 94.70% Uncertified - 5,057 02. Pantellos Corporation [Note DD] 5.40% 94.60% Uncertified - - 02. PowerSpan Corp [Note DD] 9.80% 90.20% Uncertified - - 02. AEMT, Inc. 27.00% 63.00% Uncertified - - 02. Enerwise Global Technologies, Inc. 5.00% 95.00% Uncertified - - 02. Powerware Solutions, Inc. [Note DD] 4.00% 96.00% Uncertified - 1,089 02. PHPK Technologies, Inc. [Note DD] 40.40% 59.60% Uncertified - 2,306 01. Mutual Energy L.L.C. [Note W] 100% Uncertified 6,948 6,948 02. AEP Ohio Retail Energy, LLC [Note W] 100% Uncertified - - 01. AEP Power Marketing, Inc. [Note W] 100% 100 14,639 14,639 02. AEP Coal Marketing, LLC [Note W] 100% Uncertified - - 02 AEP Emissions Marketing, LLC [Note W] 100% Uncertified - - 01. AEP T&D Services, LLC [Note BB] 100% Uncertified (99) (99) 01. AEP Pro Serv, Inc. [Note I] 100% 110 19,413 19,416 02. Diversified Energy Contractors Company, LLC [Note I] 100% 1,000 16,286 11,052 03. DECCO II LLC [Note I] 100% 1,000 - - 04. Diversified Energy Contractors, LP [Note I] O.99% 99.01% Partnership (53) (53) 03. Diversified Energy Contractors, LP [Note I] 99.O1% O.99% Partnership (5,215) (5,215) 02. United Sciences Testing, Inc. 100% Uncertified - - 01. AEP Texas POLR, LLC [Note W] 100% Uncertified (6,608) (6,608) 02. AEP Texas POLR GP, LLC [Note W] 100% Uncertified (33) (33) 03. POLR Power, L.P. [Note W] 0.50% 99.50% Partnership (10,215) (51) 02. POLR Power, L.P. [Note W] 99.50% 0.50% Partnership (10,215) - 01. AEP Resources, Inc. [Note H] 100% 100 29,941 29,941 02. AEP Delaware Investment Company [Note H] 100% 100 199,550 199,550 03. AEP Holdings I CV [Note H] 8% 92% Uncertified (929,347) (123,058) 04. AEPR Global Investments B.V. [Note H] 100% 10 (929,451) (929,451) 05. AEPR Global Holland Holding B.V. [Note H] 100% Uncertified (553,758) (553,758) 05. AEP Energy Services UK Generation Limited [Note H] 100% Uncertified (379,024) (379,024) 03. AEP Holdings II CV [Note H] 88% 12% Partnership 284,526 255,661 04. AEP Energy Services Limited [Note H] 100% Uncertified (174,668) (174,668) 05. AEP Energy Services Trading Limited [Note H] 100% Uncertified - - 04. AEPR Global Energy B.V. 100% Uncertified - - 05. AEP Energy Venture B.V. 100% Uncertified - - 06. CompresionBajio S de R.L. de C.V. [Note H] 50% 50% Uncertified 4,290 4,290 04. AEPR Global Ventures B.V. [Note H] 100% Uncertified 2,063 2,063 05. Operaciones Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified - - 05. Servicios Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified (236) (236) 05. AEP Energy Services Austria 100% Uncertified 14 14 05. AEP Energy Services (Australia) Pty Ltd 100% Uncertified 80 80 05. AEP Energy Services GmbH [Note H] 100% Uncertified 27 27 05. AEP Energy Services (Switzerland) Pty Ltd 100% Uncertified 12 12 05. AEP Energy Services Norway AS 100% Uncertified - - 04. Intergen Denmark, Aps [Note H] 50% 50% Partnership 33,985 33,985 05. Intergen Denmark Finance Aps [Note H] 100% Partnership - - 05. Intergen Mexico, B.V. [Note H] 100% Partnership - - 06. Intergen Aztec Energy VIII B.V. [Note H] 100% Partnership - - 07. Intergen Aztec Energy VI B.V. [Note H] 100% Partnership - - 07. Energia Azteca VIII S. de R.L. de C.V. [Note H] 100% Partnership - - 02. AEP Delaware Investment Company II [Note H] 100% 1,000 86,199 86,199 03. AEP Holdings II CV [Note H] 12% 88% Uncertified 284,526 28,865 04. AEP Energy Services Limited [Note H] 100% Uncertified (174,688) (174,668) 05. AEP Energy Services Trading Limited [Note H] 100% Uncertified - - 04. AEPR Global Ventures B.V. [Note H] 100% Uncertified 2,063 2,063 05. Operaciones Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified - - 05. Servicios Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified (236) (236) 05. AEP Energy Services Austria GmbH 100% Uncertified 14 14 05. AEP Energy Services (Australia) Pty Ltd 100% Uncertified 80 80 05. AEP Energy Services GmbH [Note H] 100% Uncertified 27 27 05. AEP Energy Services (Switzerland) Pty Ltd 100% Uncertified 12 12 05. AEP Energy Services Norway AS 100% Uncertified - - 04. Intergen Denmark, Aps [Note H] 50% 50% Partnership 33,985 33,985 05. Intergen Denmark Finance Aps [Note H] 50% 50% Partnership - - 05. Intergen Mexico, B.V. [Note H] 100% Partnership - - 06. Intergen Aztec Energy VIII B.V. [Note H] 100% Partnership - - 07. Intergen Aztec Energy VI B.V. [Note H] 100% Partnership - - 07. Energia Azteca VIII S. de R.L. de C.V. [Note H] 100% Partnership - - 04. AEPR Global Energy B.V. 100% Uncertified - - 05. AEP Energy Ventures B.V. 100% Uncertified - - 06. Compresion Bajio S de R.L. de C.V. [Note H] 50% 50% Uncertified 4,290 4,290 03. NGLE International, Limited [Note H] 100% Uncertified 31,218 31,218 04. NGLE Pushan Power, LDC [Note H] 99% 1% 99 31,219 30,907 05. Nanyang General Light Electric Co., Ltd. [Note H] 70% 30% Uncertified 82,365 57,655 04. NGLE Project Management Company, Limited [Note H] 100% Uncertified 312 312 05. NGLE Pushan Power, LDC [Note H] 1% 99% 99 31,219 312 06. Nanyang General Light Electric Co., Ltd. [Note H] 70% 30% Uncertified 82,365 57,655 02. AEP Memco LLC [Note Y] 100% Uncertified 132,628 132,628 03. AEP Elmwood LLC [Note Y] 100% Uncertified - - 04. Conlease, Inc. [Note Y] 100% Uncertified - - 04. International Marine Terminals [Note Y] 33-1/3% 66-2/3% Uncertified - - 02. AEP Resources Australia Holdings Pty Ltd [Note H] 100% 1 (49,960) (49,960) 02. AEP Resources Australia Pty., Ltd. [Note H] 100% 3,753,752 45,425 45,425 02. AEP Resources Limited [Note H] 100% 1 837 837 02. AEP Energy Services, Inc. [Note D] 100% 200 (82,158) (82,158) 03. AEP Energy Services Gas Holding Company [Note CC] 100% 10 9,702 9,702 04. AEP Energy Services Gas Holding Company II, LLC [Note CC] 100% Uncertified 397,535 397,535 05. Caddis Partners, LLC [Note CC] 100% Uncertified - - 05. AEP Energy Services Ventures III, Inc. [Note CC] 100% 10 176,624 176,624 05. HPL Holdings Inc. [Note CC] 100% 100 559,138 559,138 06. AEP Gas Marketing, LP [Note CC] 99.50% 0.50% Partnership (1,829) (1,818) 06. HPL GP, LLC [Note CC] 100% 5 (987) (987) 07. HPL Resources Company LP [Note CC] 0.50% 99.50% Uncertified (2) - 07. AEP Gas Marketing, LP [Note CC] 0.50% 99.50% Partnership (1,829) (11) 07. Houston Pipe Line Company LP [Note CC] 0.50% 99.50% Partnership 534,822 (970) 08. AEP Houston Pipe Line Company, LLC [Note CC] 100% Uncertified - - 08. Mid-Texas Pipeline Company [Note CC] 50% 50% Partnership 67,437 33,718 06. HPL Resources Company LP [Note CC] 99.50% 0.50% Partnership (2) (2) 06. Houston Pipe Line Company LP [Note CC] 99.50% 0.50% Partnership 534,822 535,792 07. Mid-Texas Pipeline Company [Note CC] 50% 50% Partnership 67,437 33,718 07. AEP Houston Pipe Line Company, LLC [Note CC] 100% Uncertified - - 05. AEP Energy Services Investments, Inc. [Note CC] 100% 100 97,211 97,211 06. LIG Pipeline Company [Note CC] 100% 100 97,151 97,151 07. LIG, Inc. [Note CC] 100% 100 9,688 9,688 08. Louisiana Intrastate Gas Company, L.L.C. [Note CC] 10% 90% 100 97,225 9,722 09. LIG Chemical Company [Note CC] 100% 100 (16,099) (16,099) 10. LIG Liquids Company, L.L.C. [Note CC] 10% 90% 10 16,288 1,629 09. LIG Liquids Company, L.L.C. [Note CC] 90% 10% 90 16,288 14,659 09. Tuscaloosa Pipeline Company [Note CC] 100% 100 640 640 07. Louisiana Intrastate Gas Company, L.L.C. [Note CC] 90% 10% 900 97,225 87,503 08. LIG Chemical Company [Note CC] 100% 900 (16,099) (16,099) 09. LIG Liquids Company, L.L.C. [Note CC] 10% 90% 90 16,288 1,629 08. LIG Liquids Company, L.L.C. [Note CC] 90% 10% 810 16,288 14,659 08. Tuscaloosa Pipeline Company [Note CC] 100% 900 640 640 05. AEP Energy Services Ventures, Inc. [Note CC] 100% 100 (56,846) (56,846) 06. AEP Acquisition, LLC [Note CC] 50% 50% Uncertified (129,058) (64,529) 07. Jefferson Island Storage & Hub L.L.C. [Note CC] 100% 50 78,220 78,220 05. AEP Energy Services Ventures II, Inc. [Note CC] 100% 10 (56,235) (56,235) 06. AEP Acquisition, LLC [Note CC] 50% 50% Uncertified (129,058) (64,529) 07. Jefferson Island Storage & Hub L.L.C. [Note CC] 100% 50 78,220 78,220 02. Ventures Lease Co., LLC [Note Q] 100% Uncertified (170,158) (170,158) 02. AEPR Ohio, LLC 100% Uncertified (518,103) (518,103) 03. AEP Delaware Investment Company III [Note H] 100% Uncertified (518,444) (518,444) 04. AEP Holdings I CV [Note H] 92% 8% Uncertified (929,347) (806,289) 05. AEPR Global Investments BV [Note H] 100% Uncertified (929,451) (929,451) 06. AEPR Global Holland Holding BV [Note H] 100% Uncertified (553,758) (553,758) 06. AEP Energy Services UK Generation Limited [Note H] 100% Uncertified (379,024) (379,024) 01. Appalachian Power Company [Note J] 98.7% Com 1.3% Prf 13,499,500 1,336,988 1,389,075 02. Cedar Coal Co. [Note K] 100% 2,000 4,448 5,947 02. Central Appalachian Coal Company [Note K] 100% 3,000 882 882 02. Central Coal Company [Note K] 50% 50% 1,500 604 604 02. Southern Appalachian Coal Company [Note K] 100% 6,950 10,772 10,772 01. Columbus Southern Power Company [Note J] 100% 16,410,426 897,946 897,946 02. Colomet, Inc. [Note T] 100% 1,500 4,543 4,543 02. Conesville Coal Preparation Company [Note M] 100% 100 1,674 1,674 02. Simco Inc. [Note N] 100% 90,000 498 498 02. Ohio Valley Electric Corporation [Note E] 4.30% 39.90% 4,300 430 430 03. Indiana-Kentucky Electric Corporation [Note E] 100% 17,000 - - 01. Franklin Real Estate Company [Note T] 100% 100 30 28 02. Indiana Franklin Realty, Inc. [Note T] 100% 10 1 1 01. Indiana Michigan Power Company [Note J] 100% 1,400,000 1,078,048 1,103,154 02. Blackhawk Coal Company [Note K] 100% 39,521 43,589 43,748 02. Price River Coal Company [Note K] 100% 1,091 27 27 01. Kentucky Power Company [Note J] 100% 1,009,000 317,138 323,351 01. Kingsport Power Company [Note J] 100% 410,000 25,375 27,008 01. Ohio Power Company [Note J] 99.2% Com 0.8% Prf 27,952,473 1,464,025 1,464,025 02. Cardinal Operating Company [Note E] 50% 50% 250 29,899 14,949 02. Central Coal Company [Note K] 50% 50% 1,500 603 603 01. Ohio Valley Electric Corporation [Note E] 39.90% 4.30% 39,900 - 4,082 02. Indiana-Kentucky Electric Corporation [Note E] 100% 17,000 - - 01. Wheeling Power Company [Note J] 100% 150,000 33,751 36,202 01. AEP Utilities, Inc. [Note O] 100% 100 2,433,048 2,612,748 02. AEP Texas Central Company [Note J] 100% 2,211,678 1,209,049 1,209,049 03. AEP Texas Central Transition Funding LLC [Note AA] 100% Uncertified 4,066 4,066 02. Public Service Company of Oklahoma [Note J] 100% 9,013,000 483,008 483,008 02. Southwestern Electric Power Company [Note J] 100% 7,536,640 696,660 696,660 03. The Arklahoma Corporation [Note P] 47.60% 52.40% 238 350 350 03. Southwest Arkansas Utilities Corporation [Note T] 100% 100 10 10 03. Dolet Hills Lignite Company, LLC [Note L] 100% Uncertified 15,224 15,224 02. AEP Texas North Company [Note J] 100% 5,488,560 238,275 238,275 02. AEP Credit, Inc. [Note R] 100% 246 27,043 27,043 02. C3 Communications, Inc. [Note C] 100% 1,000 (185,690) (185,690) 03. C3 Networks GP, L.L.C. [Note C] 100% Uncertified - - 04. C3 Networks & Communications Limited Partnership [Note C] 0.50% 99.50% Partnership - - 04. C3 Networks Limited Partnership [Note C] 0.50% 49.75% Partnership - - 05. C3 Networks & Communications Limited Partnership [Note C] 99.50% 0.50% Partnership - - 03. C3 Networks Limited Partnership [Note C] 49.75% 49.75% Partnership - - 04. C3 Networks & Communications Limited Partnership [Note C] 99.50% 0.50% Partnership - - 03. CSWC License, Inc. [Note C] 100% Uncertified - - 02. CSW Energy, Inc. [Note S] 100% 1,000 (1,579) (1,579) 03. AEP Wind Holding, LLC 100% Uncertified 10,199 10,199 04. AEP Wind GP, LLC [Note X] 100% Uncertified 1,390 1,390 04. Trent Wind Farm, LP [Note X] 1.00% 99.00% Partnership 609 609 04. AEP Wind LP II, LLC [Note X] 100% Uncertified 8,196 8,196 05. Trent Wind Farm, LP [Note X] 99% 1% Partnership 60,316 60,316 04. Golden Prairie Holding Company LLC 100% Uncertified - - 05. Golden Prairie Wind Farm LLC 100% Uncertified - - 04. AEP Properties, LLC 100% Uncertified 1,217 1,217 04. AEP Wind Energy, LLC 100% Uncertified - - 03. AEP Wind LP, LLC [Note X] 100% 9 129,427 129,427 03. CSW Development-I, Inc. [Note S] 100% 1,000 58,088 58,088 04. Polk Power GP II, Inc. [Note S] 50% 50% 500 964 964 05. Polk Power GP, Inc. [Note S] 100% 1,000 605 605 06. Polk Power Partners, LP [Note S] 1% 49.50% Partnership 625 625 07. Mulberry Holdings, Inc. [Note N] 100% Uncertified - - 04. CSW Mulberry II, Inc. [[Note S] 100% 1,000 28,019 28,019 05. CSW Mulberry, Inc. [Note S] 100% 1,000 28,019 28,019 04. Polk Power Partners, LP [Note S] 49.50% 1% Partnership 28,616 28,616 05. Mulberry Holdings, Inc. [Note N] 100% Uncertified - - 04. Noah I Power GP, Inc. [Note S] 100% 1,000 28 28 05. Noah I Power Partners, LP [Note S] 1% 95% Partnership 202 202 06. Brush Cogeneration Partners [Note S] 50% 50% Partnership - - 04. Noah I Power Partners, LP [Note S] 95% 1% Partnership 19,209 19,209 05. Brush Cogeneration Partners [Note S] 50% 50% Partnership 21,583 21,583 04. Orange Cogeneration GP II, Inc. [Note S] 50% 50% 500 91 91 05. Orange Cogeneration G.P., Inc. [Note S] 100% 1,000 182 182 06. Orange Cogeneration Limited Partnership [Note S] 1.00% 49.50% Partnership 81 81 07. Orange Cogen Funding Corp. [Note S] 100% 1,000 1 1 08. Orange Holdings, Inc. [Note N] 100% Uncertified - - 04. CSW Orange II, Inc. [Note S] 100% 1,000 10,545 10,545 05. CSW Orange, Inc. [Note S] 100% 1,000 10,545 10,545 06. Orange Cogeneration Limited Partnership [Note S] 49.50% 1% Partnership 4,005 4,005 07. Orange Cogen Funding Corp. [Note S] 100% Uncertified - - 08. Orange Holdings, Inc. [Note N] 100% Uncertified - - 03. CSW Ft. Lupton, Inc. [Note S] 100% 1,000 104,500 104,500 04. Thermo Cogeneration Partnership, L.P. [Note S] 50% 50% Partnership 10,320 10,320 04. Cogeneration Holdings LLC. [Note S] 50% 50% Uncertified 9,909 9,909 03. Newgulf Power Venture, Inc. [Note S] 100% 1,000 3,580 3,850 03. CSW Sweeny GP I, Inc. [Note S] 100% 1,000 609 609 04. CSW Sweeny GP II, Inc. [Note S] 100% 1,000 940 940 05. Sweeny Cogeneration Limited Partnership [Note S] 1% 49% Partnership 542 542 03. CSW Sweeny LP I, Inc. [Note S] 100% 1,000 27,028 27,028 04. CSW Sweeny LP II, Inc. [Note S] 100% 1,000 35,549 35,549 05. Sweeney Cogeneration Limited Partnership [Note S] 49% 1% Partnership 26,559 26,559 03. CSW Power Marketing, Inc. [Note N] 100% Uncertified - - 03. CSW Services International, Inc. [Note I] 100% Uncertified - - 02. CSW International, Inc. [Note H] 100% 1,000 5,020 5,020 03. CSW International Two, Inc. [Note H] 100% 1,000 - - 04. CSW UK Holdings [Note H] 100% 427,275,004 - - 05. CSWI Europe Limited [Note H] 100% 1,000 (33,627) (33,627) 06. South Coast Power Limited [Note H] 50% 50% 1 - - 06. Shoreham Operations Company Limited [Note H] 50% 50% 2 - - 05. CSW UK Finance Company [Note H] 90% 10% Uncertified - - 04 CSW UK Finance Company 10% 90% Uncertified - - 04. CSW UK Investments Limited [Note H] 100% Uncertified - - 03. CSW International, Inc. (a Cayman Island Company) [Note H] 100% 1,00 (41,982) (41,982) 04. CSW Vale L.L.C. [Note H] 99% 1% Uncertified (41,562) (41,562) 03. CSW Vale L.L.C. [Note H] 1% 99% Uncertified (420) (420) 03. CSW International Energy Development Ltd. [Note H] 100% Uncertified - - 04. Tenaska CSW International Ltd. [Note H] 50% 50% 1,000 - - 02. CSW Energy Services, Inc. [Note I] 100% Uncertified - - 03. Nuvest, L.L.C. [Note U] 92.90% 7.10% Uncertified - - 04. National Temporary Services, Inc. [Note U] 100% Uncertified - - 05. Octagon, Inc. [Note U] 100% Uncertified - - 04. Numanco, L.L.C. [Note U] 100% Uncertified - - 05. NuSun, Inc. [Note U] 100% Uncertified - - 06. Sun Technical Services, Inc. [Note U] 100% Uncertified - - 06. Calibration and Testing Corporation [Note U] 100% Uncertified - - 05. ESG, L.L.C. [Note U] 50% 50% Uncertified - - 05. Numanco Services, LLC [U] 100% Uncertified - -
Notes: ------ A. Public utility holding company. B. Management, professional and technical services. C. Telecommunications. D. Broker and market energy commodities. E. Generation. F. Investor in companies developing energy-related ideas, products and technologies. G. Distributed generation products. H. International energy-related investments, trading and other projects. I. Non-regulated energy-related services and products. J. Domestic electric utility. K. Coal mining (inactive). L. Coal mining (active). M. Coal preparation. N. Inactive. O. Subsidiary public utility holding company. P. Electric transmission. Q. Leasing. R. Accounts receivable factoring. S. Independent power. T. Real estate. U. Staff augmentation to power plants. V. Retail energy sales. W. Marketing of natural gas, electricity or energy-related products. X. Wind Power Generation. Y. Barging Services AA. Finance Subsidiary BB. Energy services including operations, supply chain, transmission and distribution CC. Gas pipeline and processing DD. Domestic energy-related investments, trading and other projects CHANGES ------- Name Changes a. From AEP Resources International, Limited To NGLE International, Limited b. From AEP Resources Project Management Company, Limited To NGLE Project Management Company, Limited c. From AEP UK Holding, LLC To AEP Transportation, LLC d. Central and South West, Inc. to AEP Utilities, Inc. e. Houston Pipe Line Company, LLC to AEP Houston Pipe Line, LLC f. CPL Transition Funding LLC to AEP Texas Central Transition Funding LLC
Formations Jurisdiction Date ---------- ------------ ------ AEP Wind Energy, LLC Delaware 4/22/2003 AEP Coal Marketing, LLC Delaware 1/22/2003 AEP Emissions Marketing, LLC Delaware 1/22/2003 AEP Houston Pipe Line Company, LLC Delaware 3/7/2003 AEP Transportation, LLC f/k/a AEP UK Holding, LLC Delaware 1/23/2003 AEP Wind Holding, LLC Delaware 1/23/2003 Leesville Land, LLC Delaware 2/11/2003 Springdale Land, LLC Delaware 2/11/2003 AEP Wind Energy, LLC Delaware 4/22/2003
Changes in Status Type of Change Date ----------------- -------------- ------ AEP Energy Services (Austria) Gmbh Dissolved 9/2/2003 AEP Funding Limited Dissolved 3/31/2003 CSW Power do Brasil Ltda. Dissolved 5/9/2003 Enershop Inc. Dissolved 6/30/2003 CSW Development 3, Inc. Dissolved 2/7/2003 CSW Development II, Inc. Dissolved 2/7/2003 CSW International (U.K.), Inc. Dissolved 2/7/2003 CSW Nevada, Inc. Dissolved 12/31/2003 CSW Northwest GP, Inc. Dissolved 12/31/2003 CSW Northwest LP, Inc. Dissolved 12/31/2003 CSWI Netherlands, Inc. Dissolved 12/31/2003 Energy Trading Platform Holding Company Dissolved 12/31/2003 Envirotherm, Inc. Dissolved 2/7/2003 Mutual Energy Service Company, LLC Sold 3/1/2003 AEP Energy Services Norway AS Sold 4/25/2003 AEP Energy Services (Switzerland) Gmbh Dissolved 12/3/2003 AEP Ohio Commercial & Industrial Retail Company, LLC Dissolved 12/12/2003 AEP Resources Do Brasil Ltda. Sold 10/17/2003 AEP Retail Energy, LLC Dissolved 12/12/2003 Caiua-Servicos de Electricidade Sold 10/17/2003 CSW Eastex GP I, Inc. Dissolved 12/12/2003 CSW Eastex GP II, Inc. Dissolved 12/31/2003 CSW Eastex LP I, Inc. Dissolved 12/31/2003 CSW Eastex LP II, Inc. Dissolved 12/31/2003 CSWC Southwest Holdings, Inc. Dissolved 12/31/2003 CSWC Telechoice Management, Inc. Dissolved 12/12/2003 Eastex Cogeneration Limited Partnership Dissolved 12/12/2003 Empressa de Electricidade Vale de Paranapanema S.A. Sold 10/17/2003 Industry And Energy Associates LLC Sold 10/20/2003 IPS Eastex, L.L.C. Dissolved 12/31/2003 Southwestern Wholesale Electric Company Dissolved 12/5/2003
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS Acquisition of Utility Assets: ----------------------------- Brief Description of Name of Company Consideration Transaction Location Exemption --------------- ------------- -------------------- -------- --------- None
Sale of Utility Assets: ---------------------- Brief Description of Name of Company Consideration Transaction Location Exemption --------------- ------------- -------------------- -------- --------- Sale of two transformers Columbus Southern and facilities at OSU 138 Power Company $1,284,000.00 KV Substation * Columbus, Ohio Rule 44 AEP Texas Central Company 1,250,000.00 Sale of 5,000 poles Texas Rule 44 AEP Texas Sale of Dupont-Victoria Victoria Central Company 3,740,125.38 Substation County, Texas Rule 44 Indiana Michigan Michigan and Power Company 5,611,275.00 Sale of 24,939 poles Indiana Rule 44 * Equipment sold for a total purchase price of $3,852,000 in 2001. Payments of one-third each were received in 2001 and 2002, and the final one-third payment was received in 2003.
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES Name of Issuer and Consideration Authorization Description of Issues Date and Form of Transactions (in thousands) or Exemption (1) (2) (3) (4) --------------------- ----------------------------- ------------- ------------- Appalachian Power Company (APCo): --------------------------------- Senior Unsecured Notes, 3.60% Series, Due 2008 04/30/03 - Public Offering $198,566 Rule 52 5.95% Series, Due 2033 04/30/03 - Public Offering 197,678 Rule 52 Columbus Southern Power Company (CSPCo): ---------------------------------------- Senior Unsecured Notes, 5.50% Series, Due 2013 02/11/03 - Public Offering 247,718 Rule 52 6.60% Series, Due 2033 02/11/03 - Public Offering 246,633 Rule 52 4.40% Series, Due 2010 11/20/03 - Public Offering 148,564 Rule 52 CSW Energy (Trent Wind Farm)(CSWE): ----------------------------------- Note Payable, Variable Note, Due 2011 11/18/03 - Private Offering 74,250 Rule 52 Dolet Hills Lignite Co. LLC (DHLC): ----------------------------------- Note Payable, 4.47% Note, Due 2011 05/16/03 - Private Offering 44,324 Rule 52 Kentucky Power Company (KPCo): ------------------------------ Senior Unsecured Notes, 5.625% Series, Due 2032 06/10/03 - Public Offering 74,169 Rule 52 Ohio Power Company (OPCo): -------------------------- Senior Unsecured Notes, 5.50% Series, Due 2013 02/11/03 - Public Offering 247,728 Rule 52 6.60% Series, Due 2033 02/11/03 - Public Offering 246,648 Rule 52 4.85% Series, Due 2014 07/08/03 - Public Offering 223,153 Rule 52 6.375% Series,Due 2033 07/08/03 - Public Offering 220,986 Rule 52 Public Service of Oklahoma (PSO): --------------------------------- Senior Unsecured Notes, 4.85% Series, Due 2010 09/10/03 - Public Offering 148,607 Rule 52 Sabine Mining Company (Sabine): ------------------------------- Notes Payable, 6.36% Note, Due 2007 07/01/03 - Private Offering 4,000 Rule 52 Variable Note, Due 2008 07/01/03 - Private Offering 15,000 Rule 52 7.03% Note, Due 2012 07/01/03 - Private Offering 20,000 Rule 52
GUARANTEE: At December 31, 2003, American Electric Power Company, Inc. had outstanding parental guaranties of approximately $2.1 billion. Note: We have not reported transactions previously reported on form U-6B2.
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES Name of Company Extinguished (EXT) Name of Issuer and Acquiring, Redeeming or Consideration or Held (H) for Authorization Title of Issue Retiring Securities (in thousands) Further Disposition or Exemption (1) (2) (3) (4) (5) ------------------ ----------------------- ------------- ------------------- ------------- American Electric Power Company (AEP): -------------------------------------- Senior Unsecured Notes 6.125% Series Due 2006 AEP $49,140 EXT Rule 42 5.50% Series Due 2003 AEP 250,000 EXT Rule 42 AEP Desert Sky (AEPDS): ----------------------- Note Payable Variable Series Due 2017 AEPDS 6,459 EXT Rule 42 AEP Texas Central Company (TCC): -------------------------------- Cumulative Preferred Stock $100 Par Value 4.00% Series TCC 1 EXT Rule 42 First Mortgage Bonds 6.875% Series Due 2003 TCC 16,418 EXT Rule 42 7.50% Series Due 2023 TCC 17,996 EXT Rule 42 AEP Texas North Company (TNC): ------------------------------ Cumulative Preferred Stock $100 Par Value 4.40% Series TNC 7 EXT Rule 42 AEP Resources, Inc.(AEPR): -------------------------- Senior Unsecured Notes Payable 6-1/2% Series Due 2003 AEPR 350,000 EXT Rule 42 American Electric Power Service Corp (AEPSC): --------------------------------------------- Mortgage Notes 9.60% Series Due 2008 AEPSC 2,000 EXT Rule 42 6.355% Series Due 2003 AEPSC 10,000 EXT Rule 42 Appalachian Power Company (APCo): --------------------------------- Cumulative Preferred Stock No Par Value 4-1/2% Series APCo 3 EXT Rule 42 5.90% Series APCo 2,500 EXT Rule 42 5.92% Series APCo 3,000 EXT Rule 42 First Mortgage Bonds 8.50% Series Due 2022 APCo 70,000 EXT Rule 42 7.80% Series Due 2023 APCo 31,416 EXT Rule 42 7.15% Series Due 2023 APCo 20,000 EXT Rule 42 6.00% Series Due 2003 APCo 30,000 EXT Rule 42 Senior Unsecured Notes 7.20% Series Due 2038 APCo 100,000 EXT Rule 42 7.30% Series Due 2038 APCo 100,000 EXT Rule 42 Variable Series Due 2003 APCo 125,000 EXT Rule 42 Columbus Southern Power Company (CSPCo): ---------------------------------------- First Mortgage Bonds 8.70% Series Due 2022 CSPCo 2,087 EXT Rule 42 8.55% Series Due 2022 CSPCo 15,642 EXT Rule 42 8.40% Series Due 2022 CSPCo 14,588 EXT Rule 42 8.40% Series Due 2022 CSPCo 13,546 EXT Rule 42 6.80% Series Due 2003 CSPCo 13,000 EXT Rule 42 6.55% Series Due 2004 CSPCo 26,500 EXT Rule 42 6.75% Series Due 2004 CSPCo 26,000 EXT Rule 42 7.90% Series Due 2023 CSPCo 41,580 EXT Rule 42 7.75% Series Due 2023 CSPCo 34,409 EXT Rule 42 6.60% Series Due 2003 CSPCo 25,000 EXT Rule 42 6.10% Series Due 2003 CSPCo 5,000 EXT Rule 42 CPL Transition Funding (CPLTF): ------------------------------- Securitization Bonds 3.54% Series Due 2005 CPLTF 51,013 EXT Rule 42 Dolet Hills Lignite Company (DHLC): ----------------------------------- Note Payable 4.47% Series Due 2011 DHLC $3,984 EXT Rule 42 Indiana Michigan Power Company (I&M): ------------------------------------- Cumulative Preferred Stock $100 Par Value 6-7/8% Series I&M 1,500 EXT Rule 42 First Mortgage Bonds 6.10% Series Due 2003 I&M 30,000 EXT Rule 42 8.50% Series Due 2022 I&M 75,000 EXT Rule 42 7.35% Series Due 2023 I&M 15,000 EXT Rule 42 Junior Debentures 8.00% Series Due 2026 I&M 40,000 EXT Rule 42 7.60% Series Due 2038 I&M 125,000 EXT Rule 42 JMG Funding Corporation (JMG): ------------------------------ Note Payable 6.81% Series Due 2008 JMG 1,463 EXT Rule 42 Kentucky Power Company (KPCo): ------------------------------ Junior Debentures 8.72% Series Due 2025 KPCo 40,000 EXT Rule 42 Ohio Power Company (OPCo): -------------------------- Preferred Stock $100 Par Value 4-1/2% Series OPCo 1 EXT Rule 42 6.02% Series OPCo 1,100 EXT Rule 42 6.35% Series OPCo 500 EXT Rule 42 First Mortgage Bonds 6.75% Series Due 2003 OPCo 29,850 EXT Rule 42 6.55% Series Due 2003 OPCo 27,315 EXT Rule 42 6.00% Series Due 2003 OPCo 12,500 EXT Rule 42 6.15% Series Due 2003 OPCo 20,000 EXT Rule 42 7.75% Series Due 2023 OPCo 5,194 EXT Rule 42 7.375% Series Due 2023 OPCo 20,997 EXT Rule 42 7.10% Series Due 2023 OPCo 12,426 EXT Rule 42 Public Service Company of Oklahoma (PSO): ----------------------------------------- First Mortgage Bonds 6.25% Series Due 2003 PSO 35,000 EXT Rule 42 7.25% Series Due 2003 PSO 65,000 EXT Rule 42 7.375% Series Due 2023 PSO 102,970 EXT Rule 42 Sabine Mining Company (Sabine): ------------------------------- Notes Payable Variable Series Due 2008 Sabine 1,500 EXT Rule 42 Southwestern Electric Power Company (SWEPCo): --------------------------------------------- Preferred Stock $100 Par Value 5.0% Series SWEPCo 1 EXT Rule 42 First Mortgage Bonds 6-1/5% Series Due 2006 SWEPCo 145 EXT Rule 42 6-5/8% Series Due 2003 SWEPCo 55,000 EXT Rule 42 7-1/4% Series Due 2023 SWEPCo 46,377 EXT Rule 42 Trust Preferred Securities 7-875% Series Due 2037 SWEPCo 113,402 EXT Rule 42
Note: We have not reported transactions previously reported on form U-6B2.
ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES AS OF DECEMBER 31, 2003. 1. Aggregate amount of investments in persons operating in the retail service area of AEP or of its subsidiaries. Aggregate Amount of Investments in Persons(Entities), Operating in Retail Number of Name of Service Area of Persons Description of Company Owner (Entities) Persons (Entities) (1) (2) (3) (4) ------------------------- ------------------- ----------- ----------------------------------- Appalachian Power Company $1,291 10 Economic and Industrial Development Corporations Wheeling Power Company 13 1 Industrial Development Corporation
2. Subsidiaries owned not included in 1 above. None ITEM 6. OFFICERS AND DIRECTORS PART I as of December 31, 2003 The following are the abbreviations to be used for principal business address and positions. Principal Business Address Code -------------------------------------- 1 Riverside Plaza Columbus, OH 43215 (a) 155 W. Nationwide Blvd, Ste 500 Columbus, OH 43215 (b) 700 Morrison Road Gahanna, OH 43230 (c) P.O. Box 60 Fort Wayne, IN 46801 (d) 40 Franklin Road Roanoke, VA 24022 (e) Pushan Power Plant, Admin. Bldg. Nanyang City, Henan Province China 473000 (f) Walker House P.O. Box 908GT George Town, Grand Cayman Cayman Islands (g) 400 W. 15th Street Austin, TX 78701 (h) 1105 North Market Street Wilmington, DE 19801 (i) 624 Bourke Street, Level 15 Melbourne, Victoria 3000 Australia (j) 29/30 St. James's Street, London SW1A 1HB, Great Britain (k) P.O. Box B Brilliant, OH 43913 (l) 248 South Lake Drive Prestonburg, KY 41653 (n) 1 Atlantic Quay Glasgow, Scotland (m) 222 Bayou Road Belle Chasse, LA 70037 (o) P.O. Box 127, Convent, LA 70723 (p) Herengracht 548 Rokin 55, 1012 KK Amsterdam The Netherlands (q) Suite 400, Deseret Building Salt Lake City, UT 84111 (r) Ste 5B,Level 66,MLC Cntr,Martin Plc, Sydney NSW 2000, Australia (s) P.O. Box 1328 Fayettesville, AR 72702 (t) 5475 William Flynn Highway Gibsonia, PA 15044 (u) 16090 Swingley Ridge Rd.#600 Chesterfield, MO 63017 (v) P.O. Box 468 Piketon, Ohio 45661 (w) Basin Road S.,Portslade,Brighton East Sussex BN41 1WF GB (y) 474 Flinders Street Melbourne, Victoria 3000 Australia (aa) 1201 Louisiana St., Suite 1200 Houston, TX 77002 (bb) Av Dr. Churcrizaldan, 920-8E 13 Andares, Market Place Tower 04583-404-Sao Paulo-SP-Brazil (cc) 50 Berkeley Street, 6th Fl. Mayfair, London W1J8AP GB (ff) 1616 Woodall Rodgers Freeway Dallas, TX 75202 (ll) Torre Chapultepec Piso 13 Ruben Dario, No.281, Bosques de Chapultepec 11580 Mexico, D.F. (pp) Williams Tower 2, W. 2nd Street Tulsa, OK 74121 (qq) 428 Travis Street Shreveport, LA 71101 (rr) Code Position ---------------------- AGC Associate General Counsel AS Assistant Secretary AT Assistant Treasurer B Board of Managers C Controller CAO Chief Accounting Officer CB Chairman of the Board CCO Chief Credit Officer CEO Chief Executive Officer CFO Chief Financial Officer CIO Chief Information Officer CSO Chief Security Officer CNO Chief Nuclear Officer COO Chief Operating Officer CRO Chief Risk Officer D Director DC Deputy Controller DGC Deputy General Counsel EVP Executive Vice President GC General Counsel GM General Manager MD Managing Director P President S Secretary SVP Senior Vice President T Treasurer VCB Vice Chairman of the Board VP Vice President The officer's or director's principal business address is the same as indicated in the Company heading unless another address is provided with the individual's name. American Electric Power Company, Inc. Name and Principal Address(a) Position -------------------------------------- E. R. Brooks D 3919 Crescent Drive Granbury, TX 76049 Donald M. Carlton D 8501 Mo-Pac Blvd. Austin, TX 78720 John P. DesBarres D P.O. Box 189 Park City, UT 84060 E. Linn Draper, Jr. D,CB,P,CEO Robert W. Fri D 6001 Overlea Road Bethesda, MD 20816 William R. Howell D 42113 N. 105th Street Scottsdale, AZ 85262 Lester A Hudson, Jr. D MSC#1223 Queens University 1900 Selwyn Ave. Charlotte, NC 28274 Leonard J. Kujawa D 2660 Peachtree Rd. N.W Atlanta, GA 30305 Richard L. Sandor D 111 W. Jackson Blvd., 14th FL. Chicago, IL 60604 Thomas V. Shockley, III D,VCB Donald G. Smith D P.O. Box 13948 Roanoke, VA 24038 Linda Gillespie Stuntz D 555 Eleventh St. N.W. Washington, DC 20004 Kathryn D. Sullivan D 795 Old Oak Trace Columbus, OH 43235 Henry W. Fayne VP Susan Tomasky VP,S,CFO Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Thomas G. Berkemeyer AS Jeffrey D. Cross AS Wendy G. Hargus (ll) AT AEP Acquisition, L.L.C. Name and Principal Address(a) Position -------------------------------------- Holly Keller Koeppel (b) P Thomas V. Shockley,III CB Jeffrey D. Cross VP Armando A. Pena VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Coal, Inc. Name and Principal Address(a) Position -------------------------------------- Michael J. Beyer (b) D,P Jeffrey D. Cross D,VP Armando A. Pena D,VP Susan Tomasky D,VP Nelson L. Kidder (n) VP David G. Zatezalo (n) VP Timothy A. King S AEP Coal Marketing, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,P Armando A. Pena B,VP Charles E. Zebula (b) B,VP C. R. Boyle, III (b) VP Ronald A. Erd VP Kevin McGowan (b) VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Communications, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,P Gregory S. Campbell (b) VP Holly Keller Koeppel (b) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Communications, LLC Name and Principal Address(a) Position -------------------------------------- Holly Keller Koeppel (b) B,VP Armando A. Pena B Susan Tomasky B,P Stephen P. Smith T Timothy A. King S AEP Credit, Inc. Name and Principal Address(a) Position -------------------------------------- E. Linn Draper, Jr. D,CB,CEO,P Henry W. Fayne D,VP Thomas M. Hagan D L. T. McDowell D 13303 Peyton Drive Dallas, TX 75240 Armando A. Pena D Thomas V. Shockley, III D Susan Tomasky D,VP Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP C&I Company, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,CB,P Stephen P. Smith T Timothy A. King S AEP Delaware Investment Company Name and Principal Address(i) Position -------------------------------------- Sean Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,P Mark A. Pyle (a) D Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C AEP Delaware Investment Company II Name and Principal Address(i) Position -------------------------------------- Sean Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,P Mark A. Pyle (a) D Lonnie L. Dieck (b) VP Holly Keller Koeppel (b) VP Randy G. Ryan (b) VP Stephen P. Smith (a) T Joseph M. Buonaiuto(a) C AEP Delaware Investment Company III Name and Principal Address(i) Position -------------------------------------- Sean Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,P Mark A. Pyle (a) D Stephen P. Smith (a) T Joseph M. Buonaiuto(a) C AEP Desert Sky GP, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,CB,P Ronald A. Erd VP A. Wade Smith VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Desert Sky LP, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,CB,P Ronald A. Erd VP A. Wade Smith VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Desert Sky LP II, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,CB,P Ronald A. Erd VP A. Wade Smith VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Elmwood LLC Name and Principal Address(o) Position -------------------------------------- Holly Keller Koeppel(b) B,VP Armando A. Pena (a) B Mark K. Knoy (v) P Michael J. Beyer (b) VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S AEP Emissions Marketing, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,P Armando A. Pena B,VP Charles E. Zebula (b) B,VP C. R. Boyle, III (b) VP Ronald A. Erd VP Kevin J. McGowan (b) VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP EmTech, LLC Name and Principal Address(a) Position -------------------------------------- Henry W. Fayne B Thomas V. Shockley,III B Susan Tomasky B Paul Chodak III P Jeffrey D. Cross VP Thomas L. Jones VP Holly Keller Koeppel (b) VP John H. Provanzana VP Stephen P. Smith T Timothy A. King S AEP Energy Services Gas Holding Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP E. Linn Draper, Jr. D,CB,CEO Holly Keller Koeppel (b) D,VP Armando A. Pena D,VP Thomas V. Shockley,III D,P Susan Tomasky D Ronald A. Erd VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Energy Services Gas Holding Company II, LLC Name and Principal Address(a) Position -------------------------------------- None AEP Energy Services GmbH (IN LIQUIDATION 2/3/03) Name and Principal Address(ff)Position -------------------------------------- Armando A. Pena (a) LIQUIDATOR AEP Energy Services Investments, Inc. Name and Principal Address(i) Position -------------------------------------- Sean A. Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,VP Mark A. Pyle (a) D Thomas V. Shockley,III(a) P Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C AEP Energy Services Limited Name and Principal Address(ff)Position -------------------------------------- Jeffrey D. Cross (a) D Ronald A. Erd (a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D Stuart W. Staley MD John David Young D Wendy Hargus (ll) T Linda M. Pszon S AEP Energy Services Trading Limited Name and Principal Address(ff)Position -------------------------------------- Stuart W. Staley D John David Young D Armando A. Pena (a) T Linda M. Pszon S AEP Energy Services(Australia)Pty Ltd Name and Principal Address(s)Position ------------------------------------- Jeffrey D. Cross (a) D Ronald A. Erd (a) D Paul Robert Rainey D,S 600 Bourke Street, Melbourn, Victoria, 3000 Australia John David Young (ff) D Armando A. Pena (a) T Linda M. Pszon (ff) S AEP Energy Services, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,VP Ronald A. Erd VP Nelson L. Kidder (n) VP Donald B. Simpson (b) VP David G Zatezalo (n) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Energy Services UK Generation Limited Name and Principal Address(ff)Position -------------------------------------- Paul E. Connon D Jeffrey D. Cross (a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D Surinder S. Toor D Wendy G. Hargus (ll) T Linda M. Pszon S AEP Energy Services Ventures, Inc. Name and Principal Address(i) Position -------------------------------------- Sean A. Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,VP Mark A. Pyle (a) D Thomas V. Shockley,III(a) P Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C AEP Energy Services Ventures II, Inc. Name and Principal Address(i) Position -------------------------------------- Sean A. Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,VP Mark A. Pyle (a) D Thomas V. Shockley,III(a) P Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C AEP Energy Services Ventures III, Inc. Name and Principal Address(i) Position -------------------------------------- Sean A. Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,VP Mark A. Pyle (a) D Thomas V. Shockley,III(a) P Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C AEP Fiber Venture, LLC Name and Principal Address(a) Position -------------------------------------- Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Susan Tomasky B,P Jeffrey D. Cross VP Stephen P. Smith T Timothy A. King S AEP Gas Marketing LP Name and Principal Address(bb)Position -------------------------------------- Holly Keller Koeppel (b) P Jeffrey D. Cross (a) VP Jim Deidiker VP Edward D. Gottlob VP Armando A. Pena (a) VP Stephen Schneider VP Joseph M. Buonaiuto (a) C Stephen P. Smith T Timothy A. King (a) S AEP Gas Power GP, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Armando A. Pena B Robert P. Powers B,VP Thomas V. Shockley,III B,CB,P Stephen P. Smith T Timothy A. King S AEP Gas Power Systems, LLC Name and Principal Address(a) Position -------------------------------------- Charles C. Cooper B 430 Telser Road Lake Zurich, IL 60047-1588 Daniel O. Dickinson B 430 Telser Road Lake Zurich, IL 60047-1588 Robert P. Powers B Michael W. Rencheck B Mark W. Marano P,CEO Armando A. Pena T Timothy A. King S AEP Generating Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,VP William L. Sigmon,Jr. (b) VP Stephen P. Smith (a) T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Houston Pipe Line Company, LLC Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) B,VP Holly Keller Koeppel (b) B,P Armando A. Pena (a) B,VP Thomas V. Shockley,III (a) B C. R. Boyle, III (b) VP Jim Deidiker VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S AEP Investments, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,P Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Kentucky Coal, L.L.C. Name and Principal Address(n) Position -------------------------------------- Jeffrey D. Cross (a) B,VP Armando A. Pena (a) B,VP David G. Zatezalo B,P Nelson L. Kidder VP Susan Tomasky (a) VP Stephen P. Smith (a) T Timothy A. King (a) S AEP MEMCo LLC Name and Principal Address(v) Position -------------------------------------- Holly Keller Koeppel (b) B,VP Armando A. Pena (a) B Mark K. Knoy P Michael J. Beyer (b) VP Joseph M. Buonaiuto (a) C Stephen P. Smith (a) T Timothy A. King (a) S AEP Ohio Coal, L.L.C. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Armando A. Pena B,VP David G. Zatezalo (n) B,P Nelson L. Kidder (n) VP Susan Tomasky VP Stephen P. Smith T Timothy A. King S AEP Ohio Retail Energy, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B Thomas V. Shockley,III B,CB,P Stephen P. Smith T Timothy A. King S AEP Power Marketing, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Susan Tomasky D,VP Thomas V. Shockley,III P Joseph M. Buonaiuto C,CAO Stephen P. Smith T Timothy A. King S AEP Pro Serv, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Robert P. Powers D,VP Michael W. Rencheck D,P Thomas V. Shockley, III D,VP Susan Tomasky D,VP Mark W. Marano SVP Robert T. Burns VP Mark A. Gray VP John A. Mazzone (b) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Properties, L.L.C. Name and Principal Address(a) Position -------------------------------------- Ronald A. Erd B A. Wade Smith B Richard P. Walker (ll) B AEP Resources Australia Holdings Pty Ltd Name and Principal Address(j) Position -------------------------------------- Herbert L. Hogue (a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D,T Paul Robert Rainey D,S Jeffrey D. Cross (a) S AEP Resources Australia Pty., Ltd. Name and Principal Address(j) Position -------------------------------------- Jeffrey D. Cross (a) D,S Armando A. Pena (a) D,T Paul Robert Rainey D,S Timothy A. King (a) S AEP Resources, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,P Ronald A. Erd VP Holly Keller Koeppel (b) VP James H. Sweeney VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Resources Limited Name and Principal Address(k) Position -------------------------------------- Jeffrey D. Cross (a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D Wendy G. Hargus (ll) T Timothy A. King (a) S Linda M. Pszon (ff) S AEP Texas Central Company Name and Principal Address(a)Position ------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Charles H. Adami (ll) VP Stephen W. Burge (b) VP Glenn M. Files VP Harry Gordon, Jr. VP 539 N. Carancahua Corpus Christi, TX 78401 Michelle S. Kalnas VP Mano K. Nazar VP One Cook Place Bridgman, MI 41906 Charles R. Patton (h) VP Julio C. Reyes (h) VP Marsha P. Ryan VP William L. Sigmon,Jr.(b) VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Texas Commercial & Industrial Retail GP, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B Thomas V. Shockley,III B,CB,P Stephen P. Smith T Timothy A. King S AEP Texas Commercial & Industrial Retail Limited Partnership Name and Principal Address(h) Position -------------------------------------- Thomas V. Shockley,III(a) P Jeffrey D. Cross (a) VP Holly Keller Koeppel(b) VP Armando A. Pena (a) VP Brian X. Tierney (b) VP Charles E. Zebula (b) VP Stephen P. Smith (a) T Timothy A. King (a) S AEP Texas North Company Name and Principal Address(a)Position ------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Charles H. Adami (ll) VP Stephen W. Burge (b) VP Glenn M. Files VP Harry Gordon, Jr. VP 539 N. Carancahua Corpus Christi, TX 78401 Michelle S. Kalnas VP Charles R. Patton (h) VP Julio C. Reyes (h) VP Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S AEP Texas POLR GP, LLC Name and Principal Address(h) Position -------------------------------------- Jeffrey D. Cross (a) B,VP Holly Keller Koeppel(b) B,VP Armando A. Pena (a) B Thomas V. Shockley,III(a) B,CB,P Stephen P. Smith (a) T Timothy A. King (a) S AEP Texas POLR, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B Thomas V. Shockley,III B,CB,P Stephen P. Smith T Timothy A. King S AEP Transportation, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,P Armando A. Pena B,VP Charles E. Zebula (b) B,VP C. R. Boyle, III (b) VP Ronald A. Erd VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP T&D Services, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Glenn M. Files B,P Thomas L. Kirkpatrick B Armando A. Pena B Richard P. Verret (c) B,VP Dale E. Cory VP 1331 Goodale Blvd. Columbus, OH 43212 G. Michael Taylor VP Stephen P. Smith T Timothy A. King S AEP Utilities, Inc. (was Central and South West Corporation) Name and Principal Address(a)Position ------------------------------------- Jeffery D. Cross D E. Linn Draper, Jr. D,CB,CEO,P Henry W. Fayne D,VP Thomas M. Hagan D Armando A. Pena D Robert P. Powers D Thomas V. Shockley,III D,VCB,COO Susan Tomasky D Joseph M. Buonaiuto C,CAO Stephen P. Smith T Leonard V. Assante DC Timothy A. King S AEP West Virginia Coal, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Armando A. Pena D,VP Susan Tomasky D,VP David G. Zatezalo (n) D,P Nelson L. Kidder (n) VP Stephen P. Smith T Timothy A. King S AEP Wind Energy, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,P Ronald A. Erd VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Wind GP, LLC Name and Principal Address(a) Position -------------------------------------- Thomas V. Shockley,III P Jeffrey D. Cross VP Ronald A. Erd VP Holly Keller Koeppel (b) VP Armando A. Pena VP A. Wade Smith VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Wind Holding, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,P Ronald A. Erd VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Wind LP, LLC Name and Principal Address(a) Position -------------------------------------- Thomas V. Shockley,III P Jeffrey D. Cross VP Ronald A. Erd VP Holly Keller Koeppel (b) VP Armando A. Pena VP A. Wade Smith VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEP Wind LP II, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Thomas V. Shockley,III B,CB,P Ronald A. Erd VP A. Wade Smith VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S AEPR Energy Ventures B.V. Name and Principal Address(q) Position -------------------------------------- Jeffrey D. Cross (a) MD Armando A. Pena (a) MD AEPR Global Energy B.V. Name and Principal Address(q) Position -------------------------------------- Jeffrey D. Cross (a) MD Armando A. Pena (a) MD AEPR Global Holland Holding B.V. Name and Principal Address(q) Position -------------------------------------- AEP Resources, Inc. (a) MD Jeffrey D. Cross (a) MD Ronald A. Erd (a) MD Armando A. Pena (a) MD John David Young (ff) MD AEPR Global Investments B.V. Name and Principal Address(q) Position -------------------------------------- Jeffrey D. Cross (a) MD Ronald A. Erd (a) MD Armando A. Pena (a) MD John David Young (ff) MD AEPR Global Ventures B.V. Name and Principal Address(q) Position -------------------------------------- Jeffrey D. Cross (a) MD Ronald A. Erd (a) MD Armando A. Pena (a) MD John David Young (ff) MD AEPR Ohio, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Armando A. Pena B,VP Thomas V. Shockley, III B,CB,P Stephen P. Smith T Timothy A. King S American Electric Power Service Corporation Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,SVP,GC,AS E. Linn Draper, Jr. D,CB,P,CEO Henry W. Fayne D,EVP Thomas M. Hagen D,EVP Holly Keller Koeppel (b) D,EVP Robert P. Powers D,EVP Thomas V. Shockley, III D,VCB,COO Susan Tomasky D,EVP,AS Melinda S. Ackerman SVP Nicholas J. Ashooh SVP J. C. Baker SVP A. Christopher Bakken,III SVP One Cook Place Bridgman, MI 49106 C. R. Boyle, III (b) SVP Joseph M. Buonaiuto SVP,C,CAO Glenn M. Files SVP Joseph Hamrock SVP,CIO Dale E. Heydlauff SVP Michelle S. Kalnas SVP Mark W. Marano SVP R. E. Munczinski SVP Mano K. Nazar SVP,CNO One Cook Place Bridgman, MI 41906 Andrew W. Patterson SVP Armando A. Pena SVP Michael W. Rencheck SVP Marsha P. Ryan SVP William L. Sigmon,Jr.(b) SVP Scott N. Smith SVP,CRO Stephen P. Smith SVP,T Brian X. Tierney (b) SVP Richard P. Verret (c) SVP Charles E. Zebula (b) SVP Nicholas K. Akins VP Leonard V. Assante VP Michael J. Assante VP,CSO Mark A. Bailey (c) VP Keith Barnett (b) VP Thomas A. Barry (b) VP Robert W. Bradish (b) VP Edward J. Brady VP Bruce H. Braine VP Stephen W. Burge (b) VP Robert T. Burns VP Todd D Busby (b) VP G. A. Clark VP 110 W. Michigan Ave, Lansing, MI 48933 Robert G. Cohn (b) VP Martin L. Cuilla (b) VP W. N. D'Onofrio VP John L. Dickerman VP Lonni L. Dieck (b) VP Diane M. Fitzgerald VP 8523 Livingston Hills Bridgman, MI 49106 Mark A. Gray VP Greg B. Hall (b) VP James G. Haunty (c) VP Wendy G. Hargus (ll) VP,AT John D. Harper (c) VP Timothy G. Harshbarger VP Joseph R. Hartsoe VP 801 Pennsylvania Ave.NW Washington, DC 20004 Stephan T. Haynes (b) VP Frank Hilton (b) VP,CCO Anthony P. Kavanagh VP 801 Pennsylvania Ave.NW Washington, DC 20004 Nelson L. Kidder (n) VP Ray A. King (c) VP Thomas L. Kirkpatrick VP Preston S. Kissman VP Jeffery LaFleur (b) VP Timothy K. Light (b) VP Michael D. Martin VP Mark C. McCullough (b) VP Kevin J. McGowan (b) VP John M. McManus VP D. Michael Miller VP,DGC Scott P. Moore VP Richard A. Mueller VP Donald M. Norman (b) VP Gary M. Prescott VP,DGC Craig T. Rhoades VP Daniel J. Rogier VP William L. Scott VP Scott D. Slisher (b) VP O. J. Sever VP Stuart Solomon VP Laura J. Thomas (b) VP David B. Trego VP David C. Warner (b) VP Mark A. Welch VP Timothy A. King S Thomas G. Berkemeyer AS,AGC Appalachian Power Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP R. D. Carson, Jr. VP 1051 East Cary Street Richmond, VA 23219 Mark E. Dempsey VP 707 Virginia Street, East Charleston, WV 25301 Glenn M. Files VP Gene M. Jensen VP P.O. Box 1986 Charleston, WV 25312 Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Mark C. McCullough (b) VP Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Richard P. Verret (c) VP William F. Vineyard (b) VP Joseph M. Buonaiuto C,CAO Stephen P. Smith T Leonard V. Assante DC Timothy A. King S Blackhawk Coal Company Name and Principal Address(r) Position -------------------------------------- Jeffrey D. Cross (a) D E. Linn Draper, Jr. (a) D,CB,CEO Henry W. Fayne (a) D,VP Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,VP Susan Tomasky (a) D,VP Gerald M. Dimmerling P 377 Highway 522 Mansfield, LA 71052 Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C,CAO Leonard V. Assante (a) DC Timothy A. King (a) S C3 Communications, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Holly Keller Koeppel (b) D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,P Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S C3 Networks & Communications Limited Partnership Name and Principal Address(a) Position -------------------------------------- Susan Tomasky P Jeffrey D. Cross VP Holly Keller Koeppel (b) VP Armando A. Pena VP Stephen P. Smith T Timothy A. King S C3 Networks GP, L.L.C. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,VP Armando A. Pena B,VP Susan Tomasky B,P Stephen P. Smith T Timothy A. King S C3 Networks Limited Partnership Name and Principal Address(a) Position -------------------------------------- Susan Tomasky P Jeffrey D. Cross VP Holly Keller Koeppel (b) VP Armando A. Pena VP Stephen P. Smith T Timothy A. King S Cardinal Operating Company Name and Principal Address(l) Position -------------------------------------- Anthony J. Ahern D,VP 6677 Busch Blvd. Columbus, OH 43226 J. C. Baker (a) D E. Linn Draper, Jr. (a) D,P Henry W. Fayne (a) D,VP Ralph E. Luffler D,VP P.O. Box 250 Lancaster, OH 43130-0250 Steven K. Nelson D,VP P.O. Box 280 Coshocton, OH 43812 Patrick W. O'Loughlin D,VP 6677 Busch Blvd. Columbus, OH 43226 Michael W. Rencheck (a) D,VP William L. Sigmon, Jr.(b) D,VP Michael L. Sims D 3888 Stillwell Beckett Rd. Oxford, OH 45056 Joseph M. Buonaiuto (a) C Timothy A. King (a) S Cedar Coal Co. Name and Principal Address(e) Position -------------------------------------- Jeffrey D. Cross (a) D E. Linn Draper, Jr. (a) D,CB,CEO Henry W. Fayne (a) D,VP Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,VP Susan Tomasky (a) D,VP Gerald M. Dimmerling P 377 Highway 522 Mansfield, LA 71052 Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C,CAO Leonard V. Assante (a) DC Timothy A. King (a) S Central Appalachian Coal Company Name and Principal Address(e) Position -------------------------------------- Jeffrey D. Cross (a) D E. Linn Draper, Jr. (a) D,CB,CEO Henry W. Fayne (a) D,VP Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,VP Susan Tomasky (a) D,VP Gerald M. Dimmerling P 377 Highway 522 Mansfield, LA 71052 Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C,CAO Leonard V. Assante (a) DC Timothy A. King (a) S Central Coal Company Name and Principal Address(e) Position -------------------------------------- Jeffrey D. Cross (a) D E. Linn Draper, Jr. (a) D,CB,CEO Henry W. Fayne (a) D,VP Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,VP Susan Tomasky (a) D,VP David G. Zatezalo (n) P Nelson L. Kidder (n) VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C,CAO Leonard V. Assante (a) DC Timothy A. King (a) S Colomet, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,P,CEO Henry W. Fayne D,VP Thomas M. Hagan D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,VP Glenn M. Files VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Columbus Southern Power Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Karl G. Boyd (d) VP David M. Fenstermaker (c) VP Glenn M. Files VP Jane A. Harf VP 88 East Broad Street,8th Fl. Columbus, OH 43215 Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Jeffrey D. LaFleur (b) VP Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Richard P. Verret (c) VP William F. Vineyard (b) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Conesville Coal Preparation Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Jeffrey D. LaFleur (b) P Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Conlease, Inc. Name and Principal Address (p) Position --------------------------------------- Holly Keller Koeppel (b) D,VP Armando A. Pena (a) D,VP Mark K. Knoy (v) P Michael J. Beyer (b) VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S CSW Development-I, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Joseph M. Buonaiuto C Timothy A. King S Wendy G. Hargus (ll) T CSW Energy Services, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Thomas V. Shockley, III D Stephen P. Smith T Joseph M. Buonaiuto C,CAO Timothy A. King S CSW Energy, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Holly Keller Koeppel (b) D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,P Susan Tomasky D,VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S CSW Ft. Lupton, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW International Two, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Timothy A. King D,S Armando A. Pena D,P Mark A. Pyle D Holy Keller Koeppel (b) VP Bradford R. Signet VP Stephen P. Smith T Joseph M. Buonaiuto C CSW International, Inc.(a Delaware Corp.) Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,P Susan Tomasky D,VP Holly Keller Koeppel (b) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S CSW International, Inc.(a Cayman Corp.) Name and Principal Address(a) Position -------------------------------------- Holly Keller Koeppel (b) D,P Jeffrey D. Cross D,VP Armando A. Pena D,VP Susan Tomasky D Wendy G. Hargus (ll) T Timothy A. King S CSW Mulberry II, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ron A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Mulberry, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ron A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Orange II, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Orange, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Power Marketing, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Services International, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Sweeny GP II, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Sweeny GP I, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Sweeny LP II, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW Sweeny LP I, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S CSW UK Finance Company Name and Principal Address(ff)Position -------------------------------------- E. Linn Draper,Jr.(a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D Thomas V. Shockley,III(a) D Bradford R. Signet (a) D Susan Tomasky (a) D Stephen P. Smith (a) T Jeffrey D. Cross (a) S CSW UK Holdings Name and Principal Address(ff)Position -------------------------------------- E. Linn Draper,Jr.(a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D Thomas V. Shockley,III(a) D Bradford R. Signet (a) D Susan Tomasky (a) D Stephen P. Smith (a) T Jeffrey D. Cross (a) S CSW UK Investments Limited Name and Principal Address(ff)Position -------------------------------------- E. Linn Draper,Jr.(a) D Holly Keller Koeppel (b) D Armando A. Pena (a) D Thomas V. Shockley,III(a) D Bradford R. Signet (a) D Susan Tomasky (a) D Stephen P. Smith (a) T Jeffrey D. Cross (a) S CSW Vale L.L.C. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Susan Tomasky D Joesph M. Buonaiuto C Timothy A. King S Wendy G. Hargus (ll) T CSWC License, Inc. Name and Principal Address(a) Position -------------------------------------- Holly Keller Koeppel (b) D,VP Armando A. Pena D,VP,T Thomas V. Shockley,III D Susan Tomasky P Jeffrey D. Cross VP Joseph M. Buonaiuto C Timothy A. King S CSWI Europe Limited Name and Principal Address(ff)Position -------------------------------------- Paul E. Connon D Holly Keller Koeppel(b) D Stephen P. Smith (a) T Timothy A. King (a) S DECCO II, LLC Name and Principal Address(a) Position -------------------------------------- Michael W. Rencheck CEO Jeffrey D. Cross VP Armando A. Pena VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S Diversified Energy Contractors Company, LLC Name and Principal Address(a) Position -------------------------------------- Michael W. Rencheck CEO Jeffrey D. Cross VP John A. Mazzone (b) VP Armando A. Pena VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S Dolet Hills Lignite Company, LLC Name and Principal Address(rr)Position -------------------------------------- Jeffrey D. Cross (a) B,VP E. Linn Draper, Jr. (a) B,CB,CEO Armando A. Pena (a) B,VP Thomas V. Shockley,III(a) B Gerald M. Dimmerling P 377 Highway 522 Mansfield, LA 71052 Stephen W. Burge (b) VP Stephen P. Smith (a) T Timothy A. King (a) S Franklin Real Estate Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CEO,P Henry W. Fayne D,VP Thomas M. Hagan D,VP Armando A. Pena D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Glenn M. Files VP Richard P. Verret VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Golden Prairie Holding Company LLC Name and Principal Address(a) Position -------------------------------------- Michael J. Kelley B,T Holly Keller Koeppel (b) B,CB,P Timothy K. Light (b) B,VP Golden Prairie Wind Farm LLC Name and Principal Address(a) Position -------------------------------------- Holly Keller Koeppel (b) B,CB,P Michael J. Kelley B,T Timothy K. Light (b) B,VP Houston Pipe Line Company LP Name and Principal Address(bb)Position -------------------------------------- Holly Keller Koeppel (b) P Jeffrey D. Cross (a) VP Jim Deidiker VP Edward D. Gottlob VP Armando A. Pena (a) VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S HPL GP, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B,P Armando A. Pena B,VP Thomas V. Shockley, III B C. R. Boyle, III (b) VP Jim Deidiker (bb) VP Ronald A. Erd VP Stephen Schneider (bb) VP Stephen P. Smith T Joseph M. Buonaiuto C Timothy A. King S HPL Holdings, Inc. Name and Principal Address(i) Position -------------------------------------- Sean Breiner D Jeffrey D. Cross (a) D,VP Timothy A. King (a) D,S John A. Oscar,Jr. D Armando A. Pena (a) D,VP Mark A. Pyle (a) D Stephen P. Smith (a) T Thomas V. Shockley,III(a) P Holley Keller Koeppel (b) VP Joseph M. Buonaiuto (a) C HPL Resources Company LP Name and Principal Address(bb)Position -------------------------------------- Thomas V. Shockley,III(a) P Jeffrey D. Cross (a) VP Edward D. Gottlob VP Holly Keller Koeppel (b) VP Armando A. Pena (a) VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S Indiana-Kentucky Electric Corporation Name and Principal Address(w) Position -------------------------------------- William S. Doty D 20 NW Fourth Street Evensville, IN 47741 E. Linn Draper, Jr. (a) D,P Ronald G. Jochum D 20 NW Fourth Street Evansville, IN 47741 Thomas J. Kalup D 4350 Northern Pike Monroeville, PA 15146 Marc E. Lewis (d) D John R. Sampson D 101 W. Ohio Street, Ste 1320 Indianapolis, IN 46204 Stanley F. Szwed D 76 S. Main Street Akron, OH 44308 David L. Hart (a) VP David E. Jones VP Armando A. Pena (a) VP John D. Brodt S,T Indiana Franklin Realty, Inc. Name and Principal Address(d) Position -------------------------------------- Jeffrey D. Cross (a) D E. Linn Draper, Jr. (a) D,CEO,P Henry W. Fayne (a) D,VP Thomas M. Hagan (a) D,VP Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,VP Susan Tomasky (a) D,VP Glenn M. Files (a) VP Richard P. Verret (c) VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C,CAO Leonard V. Assante (a) DC Timothy A. King (a) S Indiana Michigan Power Company Name and Principal Address(a) Position -------------------------------------- Karl G. Boyd (d) D E. Linn Draper, Jr. D,CB,CEO John E. Ehler (d) D Henry W. Fayne D,P Thomas M. Hagan D,VP Patrick C. Hale D 2791 North U.S. HWY 231 Rockport, IN 47635 David L. Lahrman (d) D Marc E. Lewis (d) D Susanne M. Moorman (d) D Robert P. Powers D,VP John R. Sampson D,VP 101 W. Ohio Street, Ste 1320 Indianapolis, IN 46204 Thomas V. Shockley,III D,VP Susan Tomasky D,VP Karl G. Boyd (d) VP Glenn M. Files VP Joseph N. Jensen VP One Cook Place Bridgman, MI 49106 Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Mark C. McCullough (b) VP Mano K. Nazar VP One Cook Place Bridgeman, MI 41906 Armando A. Pena VP Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Richard P. Verret (c) VP William F. Vineyard (b) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Jefferson Island Storage & Hub L.L.C. Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) B,VP Holly Keller Koeppel(b) B,P Armando A. Pena (a) B,VP Thomas V. Shockley,III(a) B,CB C. R. Boyle, III (b) VP Jim Deidiker VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S Kentucky Power Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Glenn M. Files VP Gene M. Jensen VP P.O. Box 1986 Charleston, WV 25312 Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Jeffery D. LaFleur (b) VP T. C. Mosher VP 101 Enterprise Drive Frankfort, KY 40601 Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Richard P. Verret (c) VP Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Stephen P. Smith T Timothy A. King S Kingsport Power Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP R. D. Carson, Jr. VP 1051 East Cary Street, 7th Fl. Richmond, VA 23219 Glenn M. Files VP Gene M. Jensen VP P.O. Box 1986 Charleston, WV 25312 Michelle S. Kalnas VP Holley Keller Koeppel (b) VP Marsha P. Ryan VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Leesville Land, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B David G. Zatezalo (n) B,P Nelson L. Kidder (n) VP Armando A. Pena VP,T Susan Tomasky VP Timothy A. King S LIG Chemical Company Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) D,VP Holly Keller Koeppel (b) D,P Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,CB C. R. Boyle, III (b) VP Jim Deidiker VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S LIG Liquids Company, L.L.C. Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) D,VP Holly Keller Koeppel (b) D,P Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,CB C. R. Boyle, III (b) VP Jim Deidiker VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S LIG Pipeline Company Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) D,VP Holly Keller Koeppel (b) D,P Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,CB C. R. Boyle, III (b) VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Joseph M. Buonaiuto (a) C Timothy A. King (a) S LIG, Inc. Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) D,VP Holly Keller Koeppel(b) D,P Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,CB C. R. Boyle, III (b) VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S Louisiana Intrastate Gas Company, L.L.C. Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) B,VP Holly Keller Koeppel(b) B,P Armando A. Pena (a) B,VP Thomas V. Shockley,III(a) B,CB C. R. Boyle, III (b) VP Jim Deidiker VP Ronald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S Mulberry Holdings, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S Mutual Energy L.L.C. Name and Principal Address(a) Position -------------------------------------- Thomas V. Shockley,III CB,P Jeffrey D. Cross VP Holly Keller Koeppel (b) VP Stephen P. Smith T Timothy A. King S Nanyang General Light Electric Co., Ltd. Name and Principal Address(f) Position -------------------------------------- Qin Qigen D,VCB Jeffrey D. Cross (a) D,S Lonni L. Dieck (b) D Bernard Hu D 2648 Durfee Ave., #B El Monte, CA 91732 Holly Keller Koeppel (b) D Ralph E. Life (b) D Armando A. Pena (a) D,CB William L. Sigmon,Jr. (b) D Lu Ming Tao D Hao Zhengshan D Newgulf Power Venture, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S NGLE Pushan Power, LDC Name and Principal Address(g) Position -------------------------------------- Jeffrey D. Cross (a) D,VP Bernard Hu D 2648 Durfee Ave., #B El Monte, CA 91732 Holly Keller Koeppel (b) D,P Armando A. Pena (a) D,VP Lonni L. Dieck (b) VP Wendy G. Hargus (ll) T Walkers SPV Limited S Noah I Power GP, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Ronald A. Erd VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S Ohio Power Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Karl G. Boyd (d) VP David M. Fenstermaker (c) VP Glenn M. Files VP Jane A. Harf VP 88 East Broad Street 8th Fl. Columbus, OH 43215 Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Jeffrey D. LaFleur (b) VP Mark C. McCullough (b) VP Marsha P. Ryan VP William L. Sigmon,Jr.(b) VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Ohio Valley Electric Corporation Name and Principal Address(w) Position -------------------------------------- David C. Benson D 4350 Northern Pike Monroeville, PA 15146 H. Peter Burg D 76 South Main Street Akron, OH 44308 William S. Doty D 20 NW Fourth Street Evansville, IN 47741 E. Linn Draper, Jr. (a) D,P Henry W. Fayne (a) D James P. Garlick D 4350 Northern Pike Monroeville, PA 15146 Thomas J. Kalup D 4350 Northern Pike Monroeville, PA 15146 Holly Keller Koeppel (b) D Guy L. Pipitone D 76 South Main Street Akron, OH 44308 John C. Procario D 139 East Fourth Street Cincinnati, OH 45202 Thomas V. Shockley,III(a) D A. Roger Smith D 220 West Main Street Louisville, KY 40202 Stanley F. Szwed D 76 S. Main Street Akron, OH 44308 Paul W. Thompson D 220 West Main Street Louisville, KY 40202 W. Steven Wolff D 1065 Woodman Drive Dayton, OH 45432 David L. Hart (a) VP David E. Jones VP Armando A. Pena (a) VP John D. Brodt S,T Operaciones Azteca VIII, S. de R.L. de C.V. Name and Principal Address(pp)Position -------------------------------------- A. Wade Smith (a) D James H. Sweeney (a) D Robert H. Warburton D 15 Wayside Rd. Burlington, MA 01803 Neil Smith CB 15 Wayside Road Burlington, MA 01803 Carlos de Maria y Campos Segura S Torre del Bosqu Blvd. Manuel Avila Camacho 24, Piso 7, Col. Lomas de Chapultepec 11000 Mexico, D.F. Orange Cogen Funding Corp. Name and Principal Address(a)Position ------------------------------------- Holly Keller Koeppel (b) D,CEO John O'Rourke (bb) D,P A. Wade Smith D Douglas E. Stockton (bb) D Faye L. Stallings (bb) CFO Timothy A. King S Orange Cogeneration GP II, Inc. Name and Principal Address(a)Position ------------------------------------- Holly Keller Koeppel (b) D,CEO John O'Rourke (bb) D,P A. Wade Smith D,GM Douglas E. Stockton (bb) D Faye L. Stallings (bb) CFO David L. Siddall (bb) S Orange Cogeneration G.P., Inc. Name and Principal Address(a)Position ------------------------------------- Holly Keller Koeppel (b) D,CEO John O'Rourke (bb) D,P A. Wade Smith D,GM Douglas E. Stockton (bb) D Faye L. Stallings (bb) CFO David L. Siddall (bb) S Orange Holdings, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D,VP Holly Keller Koeppel (b) D,P Armando A. Pena D,VP Wendy G. Hargus (ll) T Joseph M. Buonaiuto C Timothy A. King S Pacific Hydro Limited Name and Principal Address(aa)Position -------------------------------------- Michael C. Fitzpatrick D Jeffrey Harding D Michael J. Hutchinson D Holly Keller Koeppel(b) D John L. C. McInnes D Philip van der Riet D Peter F. Westaway D Bernard Wheelahan D,CB Neil L. Williams S Polk Power GP II, Inc. Name and Principal Address(a)Position ------------------------------------- Holly Keller Koeppel (b) D,P John O'Rourke (bb) D,CEO A. Wade Smith D,GM Douglas E. Stockton (bb) D Faye L. Stallings (bb) CFO Timothy A. King S Polk Power GP, Inc. Name and Principal Address(a)Position ------------------------------------- Holly Keller Koeppel (b) D,P John O'Rourke (bb) D,CEO A. Wade Smith D,GM Douglas E. Stockton (bb) D Faye L. Stallings (bb) CFO Timothy A. King S POLR Power, L.P. Name and Principal Address(h) Position -------------------------------------- Thomas V. Shockley,III(a) P Jeffrey D. Cross (a) VP Holly Keller Koeppel (b) VP Stephen P. Smith (a) T Timothy A. King (a) S Price River Coal Company, Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Gerald M. Dimmerling P 377 Highway 522 Mansfield, LA 71052 Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Public Service Company of Oklahoma Name and Principal Address(a)Position ------------------------------------ Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Charles H. Adami (ll) VP Stephen W. Burge (b) VP Glenn M. Files VP Michelle S. Kalnas VP Gary C. Knight VP 3600 S. Elwood Ave. Tulsa, OK 74102 Holly Keller Koeppel (b) VP Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Kimberly L. Smith VP 212 E. 6th Street Tulsa, OK 74119 Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S REP General Partner L.L.C. Name and Principal Address(h) Position -------------------------------------- Jeffrey D. Cross (a) B,VP Holly Keller Koeppel(b) B,VP Armando A. Pena (a) B,VP Thomas V. Shockley,III(a) B,P Stephen P. Smith (a) T Timothy A. King (a) S REP Holdco, LLC Name and Principal Address(qq)Position -------------------------------------- Jeffrey D. Cross (a) D,VP Holly Keller Koeppel(b) D,VP Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,CB,P Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S Servicios Azteca VIII,S.de R.L. de C.V. Name and Principal Address(pp)Position -------------------------------------- A. Wade Smith (a) D James H. Sweeney (a) D Neil Smith CB 15 Wayside Road Burlington, MA 01803 Carlos de Maria y Campos Segura S Torre del Bosqu Blvd. Manuel Avila Camacho 24, Piso 7, Col. Lomas de Chapultepec 11000 Mexico, D.F. Shoreham Operations Company Limited Name and Principal Address(y)Position ------------------------------------- Ronald A. Erd (a) D E. S. Golland D Stuart W. Staley (ff) D Surinder S. Toor (ff) D C. D. MacKendrick S Simco Inc. Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley, III D,VP Susan Tomasky D,VP David G. Zatezalo (n) P Nelson L. Kidder (n) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Snowcap Coal Company, Inc. Name and Principal Address(a) Position -------------------------------------- David M. Cohen (b) D,VP,S Scott H. Finch D,T David G. Zatezalo (n) D,P Nelson L. Kidder (n) VP South Coast Power Limited Name and Principal Address(m)Position ------------------------------------- Ronald A. Erd (a) D Stuart W. Staley (ff) D Surinder S. Toor (ff) D Charles MacKendrick (y) S Southern Appalachian Coal Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,VP Armando A. Pena D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Gerald M. Dimmerling P 377 Highway 522 Mansfield, LA 71052 Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Southwestern Arkansas Utilities Corporation Name and Principal Address(t)Position ------------------------------------- Charles E. Clinehens,Jr. D,S,T Thomas H. Deweese D,P Phillip A. Watkins D,VP Southwestern Electric Power Company Name and Principal Address(a)Position ------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Stephen W. Burge (b) VP Brian Bond (rr) VP Gary M. Dimmerling VP 377 Highway 522 Mansfield, LA 71052 Glenn M. Files VP Paul W. Franklin (ll) VP Michelle S. Kalnas VP Charles R. Patton (h) VP Julio C. Reyes (h) VP Marsha P. Ryan VP William L. Sigmon,Jr. (b) VP Kimberly L. Smith (t) VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S Springdale Land, LLC Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross B,VP Holly Keller Koeppel (b) B David G. Zatezalo (n) B,P Nelson L. Kidder (n) VP Armando A. Pena VP Susan Tomasky VP Stephen P. Smith T Timothy A. King S Tuscaloosa Pipeline Company Name and Principal Address(bb)Position -------------------------------------- Jeffrey D. Cross (a) D,VP Holly Keller Koeppel(b) D,P Armando A. Pena (a) D,VP Thomas V. Shockley,III(a) D,CB C. R. Boyle, III (b) VP Jim Deidiker VP Donald A. Erd (a) VP Edward D. Gottlob VP Stephen Schneider VP Joseph M. Buonaiuto (a) C Timothy A. King (a) S United Sciences Testing, Inc. Name and Principal Address(u)Position ------------------------------------- Mark A. Gray (a) D,VP John D. Harper (c) D Mark W. Marano (a) D,P Robert P. Powers (a) D,CB Michael W. Rencheck (a) D,CEO Jeffrey D. Cross (a) VP Stephen P. Smith (a) T Joseph M. Buonaiuto (a) C Timothy A. King (a) S Universal Supercapacitors, LLC Name and Principal Address(a)Position ------------------------------------- Paul Chodak III B Holly Keller Koeppel (b) B Sergey V. Litvinenko B 53 Leninsky Prospect 117927 Moscow, Russia Alexander V. Novikov B 53 Leninsky Prospect 117927 Moscow, Russia John H. Provanzana B Sergey N. Razumov B Troitsk, Moscow Region 142190 Russia Ventures Lease Co., LLC Name and Principal Address(a)Position ------------------------------------- Jeffrey D. Cross B,VP Armando A. Pena B,P Stephen P. Smith T Timothy A. King S Wheeling Power Company Name and Principal Address(a) Position -------------------------------------- Jeffrey D. Cross D E. Linn Draper, Jr. D,CB,CEO Henry W. Fayne D,P Thomas M. Hagan D,VP Armando A. Pena D,VP Robert P. Powers D,VP Thomas V. Shockley,III D,VP Susan Tomasky D,VP Mark E. Dempsey VP 707 Virginia Street, East Charleston, WV 25301 Glenn M. Files VP Gene M. Jensen VP P.O. Box 1986 Charleston, WV 25312 Michelle S. Kalnas VP Holly Keller Koeppel (b) VP Marsha P. Ryan VP Richard P. Verret (c) VP Stephen P. Smith T Joseph M. Buonaiuto C,CAO Leonard V. Assante DC Timothy A. King S ITEM 6. (CONTINUED) Part II. Each officer and director with a financial connection within the provisions of Section 17(c) of the Act is as follows:
Position Name and Location Held in Applicable Name of Officer of Financial Finanacial Exemption or Director Institution Institution Rule (1) (2) (3) (4) --------------- ----------------- ----------- ---------- William R. Howell Deutsche Bank Trust Corp. Director 70(b) New York, N.Y. Deutsche Bank Trust Company Americas Director 70(a) New York, N.Y. L.A. Hudson, Jr. American National Bankshares, Inc. Director 70(a) Danville, Virginia American National Bank & Trust Co. Director 70(a) Danville, Virginia M.P. Ryan US Bank Advisory Columbus, Ohio Director 70(f) Richard L. Sandor Bear Stearns Financial Products, Inc. Director 70(b) Chicago, Illinois Bear Stearns Trading Risk Director 70(b) Management Inc. Chicago, Illinois Sean Breiner Wilmington Trust Company SP Services Inc. Assistant 70(c) Wilmington, DE Vice President John A. Oscar, Jr. Wilmington Trust Company SP Services Inc Assistant 70(c) Wilmington, DE Vice President Medvine, Inc. Director 70(c) Vineland, NJ Assistant Treasurer
ITEM 6. (continued) Part III. The disclosures made in the System companies' most recent proxy statement and annual report on Form 10-K with respect to items (a) through (f) follow: (a) COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS OF SYSTEM COMPANIES Executive Compensation ---------------------- The following table shows for 2003, 2002 and 2001 the compensation earned by the chief executive officer and the four other most highly compensated executive officers (as defined by regulations of the Securities and Exchange Commission) of AEP at December 31, 2003.
Summary Compensation Table Annual Compensation Long-Term Compensation ------------------- --------------------------- Awards Payouts ------ ------- Securities All Other Name and Principal Salary Bonus Underlying LTIP Compensation Position Year ($)(1) ($)(2) Options(#) Payouts($)(3) ($)(4) ------------------ ---- --------- ------ ----------- ------------- ------------ E. Linn Draper, Jr. 2003 1,094,199 80,031 -0- -0- 63,429 2002 1,054,038 -0- 350,000 -0- 135,417 2001 913,500 682,090 -0- 311,253 123,217 Thomas V. Shockley, III 2003 667,558 291,475 49,000 -0- 45,845 2002 642,461 49,116 150,000 -0- 122,141 2001 592,269 353,788 -0- 79,781 145,400 Henry W. Fayne-- 2003 501,923 256,225 25,000 -0- 39,150 2002 481,846 49,116 88,000 -0- 80,830 2001 421,615 305,861 -0- 83,697 75,955 Susan Tomasky-- 2003 476,827 256,137 25,000 -0- 37,208 2002 451,731 49,116 88,000 -0- 79,373 2001 411,577 300,365 -0- 54,455 73,853 Thomas M. Hagan-- 2003 421,615 237,850 25,000 -0- 29,326 2002 345,517 -0- 88,000 -0- 59,976
Notes to Summary Compensation Table ----------------------------------- (1) Amounts in the Salary column reflect an additional day of pay earned in 2003 and 2002 related to the number of calendar workdays and holidays in each year and AEP's use of bi-weekly pay periods. (2) Amounts in the Bonus column reflect awards under the Senior Officer Annual Incentive Compensation Plan (SOIP) for 2001 and 2003. Payments pursuant to the SOIP are made in the first quarter of the succeeding fiscal year for performance in the year indicated. No SOIP awards were made for 2002. In addition, Messrs. Fayne and Shockley and Ms. Tomasky received payments of $49,116 each in February 2002 in recognition of their efforts in connection with a management reorganization. (3) Amounts in the Long-Term Compensation -- Payouts column reflect performance share units earned under the AEP 2000 Long-Term Incentive Plan for three-year performance periods concluding at the end of the year shown. See below under Long-Term Incentive Plans -- Awards in 2003 and page 33 for additional information. (4) Amounts in the All Other Compensation column include (i) AEP's matching contributions under the AEP Retirement Savings Plan and the AEP Supplemental Retirement Savings Plan, a non-qualified plan designed to supplement the AEP Savings Plan; (ii) subsidiary companies director fees; and (iii) imputed interest on a pay advance provided in 2001 to employees impacted by a change in payroll schedule that shifted pay one week in arrears. Detail of the 2003 amounts in the All Other Compensation column is shown below.
Item Dr. Draper Mr. Shockley Mr. Fayne Ms. Tomasky Mr. Hagan ---- ---------- ------------ --------- ----------- --------- Savings Plan Matching Contributions $5,611 $9,000 $5,555 $5,724 $9,050 Supplemental Savings Plan Matching Contributions 39,389 20,895 16,921 15,620 9,826 Subsidiaries Directors Fees 17,400 15,950 16,200 15,400 10,450 Imputed Interest on Pay Advance 1,029 - 474 464 -
(5) No 2001 compensation information is reported for Mr. Hagan because he was not an executive officer in that year. Compensation of Directors ------------------------- Annual Retainers and Meeting Fees. Directors who are officers of AEP or employees of any of its subsidiaries do not receive any compensation, other than their regular salaries and the accident insurance coverage described below, for attending meetings of AEP's Board of Directors. For a portion of 2003, the other members of the Board received an annual retainer of $35,000 for their services, an additional annual retainer of $5,000 for each Committee that they chaired (except for the Chairman of the Audit Committee, who received an annual retainer of $15,000), a fee of $1,200 for each meeting of the Board and of any Committee that they attended, and a fee of $1,200 per day for any inspection trip or conference. Members of the Audit Committee (other than the Chairman) also received an annual retainer of $10,000. In October 2003, based upon the recommendation of the Committee on Directors and Corporate Governance and based on competitive data, the Board of Directors adopted changes to the cash and equity compensation to be paid to members of the Board of Directors and committees of the Board of Directors. These changes were adopted in order to bring the compensation packages of AEP's board members more in line with compensation paid to directors of comparable companies, recognize the increased workload and responsibilities of board and committee members, and enable AEP to attract qualified directors when needed. The new board compensation is as follows: o Each non-employee director will receive an annual retainer of $60,000, the chair of the Audit Committee will receive an additional annual retainer of $15,000 and other members of the Audit Committee will receive an additional annual retainer of $10,000, each of these cash retainers is paid in quarterly increments; o The presiding director will receive an additional annual retainer of $15,000, paid in quarterly increments; o Each non-employee director will receive $60,000 in AEP stock units payable quarterly pursuant to the Stock Unit Accumulation Plan described below; and o Directors no longer receive fees for meetings they attend. During this transitional year, directors received an annual retainer in the amount of $41,250 and 1,692 AEP stock units under the Stock Unit Accumulation Plan. In addition, members of the Human Resources Committee (HR Committee) received the $1,200 meeting fee for their attendance at each special meeting relating to the search for a new Chief Executive Officer. Deferred Compensation and Stock Plan. The Deferred Compensation and Stock Plan for Non-Employee Directors permits non-employee directors to choose to receive up to 100 percent of their annual Board cash retainer in units that are equivalent in value to shares of AEP Common Stock (Stock Units), deferring receipt by the non-employee director until termination of service or for a period that results in payment commencing not later than five years thereafter. AEP Stock Units are credited to directors when the retainer becomes payable, based on the closing price of the Common Stock on the payment date. Amounts equivalent to cash dividends on the Stock Units accrue as additional Stock Units. Payments with respect to the accumulated Stock Units are made in cash. Stock Unit Accumulation Plan. The Stock Unit Accumulation Plan for Non-Employee Directors annually had awarded 1,200 Stock Units to each non-employee director as of the first day of the month in which the non-employee director becomes a member of the Board. As mentioned earlier, this Plan was amended to award $60,000 annually in Stock Units. These Stock Units will be credited to directors quarterly, based on the closing price of the Common Stock on the payment date. $15,000 in Stock Units was credited on December 31, 2003. Amounts equivalent to cash dividends on the Stock Units accrue as additional Stock Units. Stock Units are paid to the director in cash upon termination of service unless the director has elected to defer payment for a period that results in payment commencing not later than five years thereafter. Insurance. AEP maintains a group 24-hour accident insurance policy to provide a $1,000,000 accidental death benefit for each director. The current policy, effective September 1, 2001 through September 1, 2004, has a premium of $31,050. In addition, AEP pays each non-employee director an amount to provide for the federal and state income taxes incurred in connection with the maintenance of this coverage ($557 for 2003). (b) INTEREST IN THE SECURITIES OF SYSTEM COMPANIES INCLUDING OPTIONS OR OTHER RIGHTS TO ACQUIRE SECURITIES (OWNERSHIP OF SECURITIES) The following table sets forth the beneficial ownership of AEP Common Stock and stock-based units as of January 1, 2004 for all nominees to the Board of Directors, each of the persons named in the Summary Compensation Table and all such directors and executive officers as a group. Unless otherwise noted, each person had sole voting and investment power over the number of shares of AEP Common Stock and stock-based units of AEP set forth across from his or her name. Fractions of shares and units have been rounded to the nearest whole number.
Stock Options Exercisable Name Shares Units(a) Within 60 days Total ---- ------ -------- ------------------- ------- E. R. Brooks 21,205 4,925 -- 26,130 D. M. Carlton 7,432 4,925 -- 12,357 J. P. DesBarres 5,000(c) 6,211 -- 11,211 E. L. Draper, Jr. 5,693(b)(c) 125,233 816,666 947,592 H. W. Fayne 6,844(b)(d) 13,143 229,333 249,320 R. W. Fri 3,000 6,965 -- 9,965 T. M. Hagan 14,110(b) 149 91,833 106,092 W. R. Howell 1,692 8,190 -- 9,882 L. A. Hudson, Jr. 1,853(e) 9,379 -- 11,232 L. J. Kujawa 2,328(e) 12,491 -- 14,819 M. G. Morris 300,000(g) -- -- 300,000 R. L. Sandor 1,092 6,558 -- 7,650 T. V. Shockley, III 45,323(b)(d)(e) -- 300,000 345,323 D. G. Smith 2,500 7,506 -- 10,006 K. D. Sullivan -- 11,334 -- 11,334 S. Tomasky 1,967(b) 6,502 229,333 237,802 All directors, nominees and executive officers as a group (18 persons) 506,228(d)(f) 225,254 1,859,230 2,590,622
Notes on Stock Ownership ------------------------ (a) This column includes amounts deferred in stock units and held under AEP's various director and officer benefit plans. (b) Includes the following numbers of share equivalents held in the AEP Retirement Savings Plan: Dr. Draper, 4,938; Mr. Fayne, 6,152; Mr. Shockley, 7,530; Ms. Tomasky, 1,967; Mr. Hagan, 3,617; and all directors and executive officers as a group, 25,072. (c) Includes the following numbers of shares held in joint tenancy with a family member: Mr. DesBarres, 5,000; and Dr. Draper, 755. (d) Does not include, for Messrs. Fayne and Shockley and Ms. Tomasky, 85,231 shares in the American Electric Power System Educational Trust Fund over which Messrs. Fayne and Shockley and Ms. Tomasky share voting and investment power as trustees (they disclaim beneficial ownership). The amount of shares shown for all directors and executive officers as a group includes these shares. (e) Includes the following numbers of shares held by family members over which beneficial ownership is disclaimed: Dr. Hudson, 750; Mr. Kujawa, 28; and Mr. Shockley, 496. (f) Represents less than 1% of the total number of shares outstanding. (g) Consists of restricted shares with different vesting schedules. (c) CONTRACTS AND TRANSACTIONS WITH SYSTEM COMPANIES None (d) INDEBTEDNESS TO SYSTEM COMPANIES None (e) PARTICIPATION IN BONUS AND PROFIT-SHARING ARRANGEMENTS AND OTHER BENEFITS Long-Term Incentive Plans -- Awards In 2003 The performance share units set forth in the tables below were awarded in January 2003 and December 2003, respectively, pursuant to the Company's 2000 Long-Term Incentive Plan. Performance share units are equivalent to shares of AEP Common Stock. Dividends are reinvested in additional performance share units for the same performance and vesting period using the closing price of the AEP Common Stock on the dividend payment date. The value of the January 2003 performance share unit awards is dependent on the Company's total shareholder return for the applicable performance period relative to the S&P electric utilities, the market price of AEP Common Stock at the end of the performance period, the value of dividends paid during the performance period and the AEP Common Stock price on each dividend payment date. The value of the December 2003 performance share unit awards is dependent on AEP's earnings per share target versus a target established by the HR Committee in addition to each of the factors described above. The number of performance share units earned can vary between 0% and 200% of the initial award plus reinvested dividends. The number of common stock equivalent units that may be earned at threshold, target and maximum performance levels, excluding any reinvested dividends, is shown in the table below. The HR Committee may, in its discretion, reduce the number of performance share unit targets otherwise earned. In accordance with the performance goals established for the periods set forth below, the threshold, target and maximum awards are equal to 20%, 100% and 200%, respectively, of the performance share unit awards. Deferral of earned performance share units into phantom stock units (equivalent to shares of AEP Common Stock) is mandatory until the officer has met his or her stock ownership requirements. Once their stock ownership requirement is met, officers may elect to continue to defer earned performance share units or to receive subsequently earned awards in cash and/or Common Stock.
JANUARY 2003 AWARD Estimated Future Payouts of Performance Performance Share Units Under Number of Period Until Non-Stock Price-Based Plan Performance Maturation ------------------------------ Share Units or Payout Threshold(#) Target(#) Maximum(#) ----------- ------------ ------------ --------- ---------- E. L. Draper, Jr. 40,236 2003-2005 8,047 40,236 80,472 T. V. Shockley, III 15,956 2003-2005 3,191 15,956 31,912 H. W. Fayne 11,074 2003-2005 2,215 11,074 22,148 S. Tomasky 10,520 2003-2005 2,104 10,520 21,040 T. M. Hagan 9,302 2003-2005 1,860 9,302 18,604
DECEMBER 2003 AWARD(1) Estimated Future Payouts of Performance Performance Share Units Under Number of Period Until Non-Stock Price-Based Plan Performance Maturation ------------------------------ Share Units or Payout Threshold(#) Target(#) Maximum(#) ----------- ------------ ------------ --------- ---------- E. L. Draper, Jr. -0- 12/10/03-12/31/04 -0- -0- -0- T. V. Shockley, III 41,400 12/10/03-12/31/04 8,280 41,400 82,800 H. W. Fayne 21,200 12/10/03-12/31/04 4,240 21,200 42,400 S. Tomasky 21,200 12/10/03-12/31/04 4,240 21,200 42,400 T. M. Hagan 21,200 12/10/03-12/31/04 4,240 21,200 42,400
Retirement Benefits AEP maintains qualified and nonqualified defined benefit ERISA pension plans for eligible employees. The tax-qualified plans are the American Electric Power System Retirement Plan (AEP Retirement Plan) and the Central and South West Corporation Cash Balance Retirement Plan (CSW Cash Balance Plan). The nonqualified plans are the American Electric Power System Excess Benefit Plan (AEP Excess Benefit Plan) (together with the AEP Retirement Plan, the AEP Plans) and the Central and South West Corporation Special Executive Retirement Plan (CSW SERP) (together with the CSW Cash Balance Plan, the CSW Plans), each of which provides (i) benefits that cannot be payable under the respective tax-qualified plans because of maximum limitations imposed on such plans by the Internal Revenue Code and (ii) benefits pursuant to individual agreements with certain AEP employees. The CSW Plans continue as separate plans for those AEP System employees who were participants in the CSW Cash Balance Plan as of December 31, 2000. Each of the executive officers named in the Summary Compensation Table (other than Mr. Shockley and Mr. Hagan) participates in the AEP Plans. Mr. Shockley and Mr. Hagan participate in the CSW Plans. The benefit formula generally used to calculate benefit additions under the pension plans for all plan participants (including the executive officers named in the Summary Compensation Table) is a cash balance formula. When the cash balance formula was added to each plan, an opening balance was established for employees then participating under each plan's prior benefit formula (as further described below), using a number of factors as set forth in the appropriate plan. Under the cash balance formula, each participant has an account established (for record keeping purposes only) to which dollar amount credits are allocated each year based on a percentage of the participant's eligible pay not in excess of $1,000,000. The applicable percentage is determined by the participant's age and years of vesting service as of December 31 of each year (or as of the participant's termination date, if earlier). The following table shows the applicable percentage used to determine the annual dollar amount credits based on the sum of age and years of service indicated: Sum of Age Plus Applicable Years of Service Percentage ---------------- ---------- Less than 30 3.0% 30-39 3.5% 40-49 4.5% 50-59 5.5% 60-69 7.0% 70 or more 8.5% All dollar amount balances in the cash balance accounts of participants earn a fixed rate of interest that is also credited annually. The interest rate for a particular year is the Applicable Interest Rate set in accordance with Section 417(e)(3)(A)(ii) of the Internal Revenue Code and is currently the average interest rate on 30-year Treasury securities for the month of November of the prior year. For 2003, the interest rate was 4.96%. Interest continues to be credited as long as the participant's balance remains in the plan. The CSW SERP also provides that the cash balance account of participants who at termination of employment hold the office of Vice President or higher of an employer participating in the CSW Plans will be no less than (i) the sum of the Applicable Percentages from the foregoing table generally for each year that the participant earned credited service under the CSW Cash Balance Plan, multiplied by (ii) the participant's final average pay. "Final average pay" generally is the average annual compensation during the 36 consecutive months of highest pay during the 120 months prior to retirement. Under the cash balance formula, an amount equal to the vested balance (including tax-qualified and nonqualified benefits) then credited to the account is payable to the participant in the form of an immediate or deferred lump-sum or an annuity or, with respect to the nonqualified benefits, in installments. Benefits (from both the tax-qualified and nonqualified plans) under the cash balance formula are not subject to reduction for Social Security benefits or other offset amounts, except that Dr. Draper has an individual agreement which provides that his supplemental retirement benefits are reduced by pension entitlements, if any, from plans sponsored by prior employers. The estimated annual benefit that would be payable as a single life annuity under the cash balance formula to each of the executive officers named in the Summary Compensation Table at age 65 is: Annual Name Benefit ---- ------- E. L. Draper, Jr. $536,200 T. V. Shockley, III 218,400 H. W. Fayne 263,300 S. Tomasky 296,500 T. M. Hagan 112,400 These amounts are based on the following assumptions: o The amounts shown in the Salary column of the Summary Compensation Table are used for calendar year 2003 and all subsequent years, assuming no salary changes. The portion of the Bonus column attributable to the Senior Officer Annual Incentive Compensation Plan is used for 2004 and annual incentive awards at the 2003 target level are used for all subsequent years beyond 2004. For Dr. Draper, the annual salary rate reflected in the Salary column for calendar year 2003 is used for the period from January 1, 2004 through April 30, 2004, the approximate date as of which he is expected to retire. o Conversion of the lump-sum cash balance to a single life annuity at age 65, based on an interest rate of 5.12% and the 1994 Group Annuity Reserving Table published by the Internal Revenue Service. o Dr. Draper and Ms. Tomasky have individual agreements with AEP that credit them with years of service in addition to their years of service with AEP as follows: Dr. Draper, 24 years; and Ms. Tomasky, 20 years. As mentioned above, the agreement for Dr. Draper provides that his supplemental retirement benefits are reduced by pension entitlements, if any, from plans sponsored by prior employers. In addition, employees who have continuously participated in the AEP Plans since December 31, 2000 remain eligible for a pension benefit using the final average pay formula that was in place before the implementation of the cash balance formula described above. Employees that are eligible for both formulas will receive their benefits under the formula that provides the higher benefit, given the participant's choice of the form of benefit (single life annuity, lump sum, etc.). Participants that remain eligible to receive the final average pay formula will continue to accrue pension benefits under that formula until December 31, 2010, at which time each participant's final average pay benefit payable at the participant's normal retirement age (the later of age 65 or 5 years of service) will be frozen and unaffected by the participant's subsequent service or compensation. After December 31, 2010, each participant's frozen final average pay benefit will be the minimum benefit a participant can receive from the AEP Plans at the participant's normal retirement age. Final average pay under the AEP Plans is computed using the highest average 36 consecutive months of the salary and bonus out of the participant's most recent 10 years of service. The information used to compute the final average pay benefit for executive officers named in the Summary Compensation Table above, other than Mr. Shockley and Mr. Hagan, is consistent with that shown in the Salary column of the Summary Compensation Table and that portion of the Bonus column attributable to the Senior Officer Annual Incentive Compensation Plan. The following table shows the approximate annual annuities that would be payable to executive officers and other management employees under the final average pay formula of the AEP Plans, assuming termination of employment on December 31, 2003 after various periods of service and with benefits commencing at age 65. AEP Plans Pension Plan Table
Highest Average Years of Accredited Service Annual --------------------------- Earnings 15 20 25 30 35 40 -------- -- -- -- -- -- -- $400,000 $92,850 $123,800 $154,750 $185,700 $216,650 $243,250 500,000 116,850 155,800 194,750 233,700 272,650 305,900 600,000 140,850 187,800 234,750 281,700 328,650 368,550 800,000 188,850 251,800 314,750 377,700 440,650 493,850 1,000,000 236,850 315,800 394,750 473,700 552,650 619,150 1,200,000 284,850 379,800 474,750 569,700 664,650 744,450 2,000,000 476,850 635,800 794,750 953,700 1,112,650 1,245,650 2,500,000 596,850 795,800 994,750 1,193,700 1,392,650 1,558,900
The amounts shown in the table are the straight life annuities payable under the final average pay formula of the AEP Plans without reduction for any optional features that may be elected at the participant's expense. Retirement benefits listed in the table are not subject to any further deduction for Social Security or other offset amounts. The retirement annuity is reduced 3% per year for each year prior to age 62 in the event of a termination of employment after age 55 and the participant's election to commence benefits between ages 55 and 62. If an employee terminates employment after age 55 and commences benefits at or after age 62, there is no reduction in the retirement annuity. Under the AEP Plans, as of December 31, 2003, for the executive officers named in the Summary Compensation Table (except for Mr. Shockley and Mr. Hagan as discussed below in connection with the CSW Plans), the number of years of service applicable for the final average pay formula were as follows: Dr. Draper, 35.9 years; Mr. Fayne, 29.1 years; and Ms. Tomasky, 25.5 years. The years of service for Dr. Draper and Ms. Tomasky include years of service provided by their respective agreements with AEP as described above in connection with the cash balance formula. The agreement for Dr. Draper provides that his supplemental retirement benefits are reduced by pension entitlements, if any, from plans sponsored by prior employers. Under the CSW Plans, certain employees who were 50 or over and had completed at least 10 years of service as of July, 1997, remain eligible for benefits under the prior pension formulas that are based on career average pay and final average pay. Of the executive officers named in the Summary Compensation Table, Mr. Shockley and Mr. Hagan are eligible to participate in the CSW Plans and have a choice upon their termination of employment to elect their benefit based on the cash balance formula or the prior pension formulas. The following table shows the approximate annual annuities that would be payable to employees in certain higher salary classifications under the prior benefit formulas provided through the CSW Plans, assuming termination of employment on December 31, 2003 after various periods of service and with benefits commencing at age 65, and prior to reduction by up to 50 percent of the participant's Social Security benefit. CSW Plans Pension Plan Table Highest Average Years of Accredited Service Annual --------------------------- Earnings 15 20 25 30 or more -------- -- -- -- ---------- $400,000 $100,000 $133,333 $166,667 $200,000 500,000 125,000 166,667 208,333 250,000 600,000 150,000 200,000 250,000 300,000 700,000 175,000 233,333 291,667 350,000 800,000 200,000 266,667 333,333 400,000 900,000 225,000 300,000 375,000 450,000 1,000,000 250,000 333,333 416,667 500,000 1,200,000 300,000 400,000 500,000 600,000 Under the CSW Plans, the annual normal retirement benefit payable from the final average pay formula is based on 1 2/3% of "Average Compensation" times the number of years of credited service (up to a maximum of 30 years), reduced by no more than 50 percent of the participant's age 62 or later Social Security benefit and then adjusted annually based on changes in the consumer price index. "Average Compensation" equals the average annual compensation, reported as Salary in the Summary Compensation Table, during the 36 consecutive months of highest pay during the 120 months prior to retirement. Mr. Shockley and Mr. Hagan each have an agreement entered into with CSW prior to its merger with AEP under which each is entitled to a retirement benefit that will bring his credited years of service to 30 if he remains employed with AEP until age 60 or thereafter. Mr. Shockley's years of credited service and age, as of December 31, 2003, are 20 and 58. Mr. Hagan's years of credited service and age, as of December 31, 2003, are 23 and 59. In addition to the benefits described above, Mr. Fayne is the only executive officer named in the Summary Compensation Table who is eligible for certain supplemental retirement benefits if his pension benefits are adversely affected by amendments to the AEP Retirement Plan made as a result of the Tax Reform Act of 1986. Such benefits, if any, will be equal to any reduction occurring because of such amendments. If Mr. Fayne's employment had terminated by December 31, 2003, he would not be eligible for any additional annual supplemental benefit. AEP also made available a voluntary deferred-compensation program in 1986, which permitted certain members of AEP System management to defer receipt of a portion of their salaries. Under this program, a participant was able to annually defer up to 10% of his or her salary over a four-year period, and receive supplemental retirement or survivor benefit payments over a 15-year period. The amount of supplemental retirement payments received is dependent upon the amount deferred, age at the time the deferral election was made, and number of years until the participant retires. Mr. Fayne is the only executive officer named in the Summary Compensation Table who participated in this program. He deferred $9,000 of his salary annually over a four-year period and, as a result, qualified for supplemental retirement payments of $95,400 per year for fifteen years assuming he would retire at age 65. Change-In-Control Agreements AEP has change-in-control agreements with its executives, including all of the executive officers named in the Summary Compensation Table. If there is a "change-in-control" of AEP and the executive officer's employment is terminated (i) by AEP without "cause" or (ii) by the officer because of a detrimental change in responsibilities, a required relocation or a reduction in salary or benefits, these agreements provide for: o A lump sum payment equal to three times the officer's annual base salary plus target annual incentive under the Senior Officer Annual Incentive Compensation Plan. o Maintenance for a period of three additional years of all medical and dental insurance benefits substantially similar to those benefits to which the officer was entitled immediately prior to termination, reduced to the extent comparable benefits are otherwise received. o Outplacement services not to exceed a cost of $30,000 or use of an office and secretarial services for up to one year. o Three years of service credited for purposes of determining non-qualified retirement benefits, with such credited service proportionately reduced to zero if termination occurs between ages 62 and 65. o Payment, if required, to make the officer whole for any excise tax imposed by Section 4999 of the Internal Revenue Code. Under these agreements, "change-in-control" means: o The acquisition by any person of the beneficial ownership of securities representing 25% or more of AEP's voting stock; o A change in the composition of a majority of the Board of Directors under certain circumstances within any two-year period; or o Approval by the shareholders of the liquidation of AEP, disposition of all or substantially all of the assets of AEP or, under certain circumstances, a merger of AEP with another corporation. (f) RIGHTS TO INDEMNITY The Directors and officers of AEP and its subsidiaries are insured, subject to certain exclusions, against losses resulting from any claim or claims made against them while acting in their capacities as directors and officers. The American Electric Power System companies are also insured, subject to certain exclusions and deductibles, to the extent that they have indemnified their directors and officers for any such losses. Such insurance, effective January 1, 2004 through December 31, 2004, is provided by: Associated Electric & Gas Insurance Services, Energy Insurance Mutual, Zurich American Insurance Company, National Union Fire Insurance Company of PA, Federal Insurance Company, Liberty Mutual Insurance Company, Houston Casualty Company, Twin City Fire Insurance Company, Landmark American Insurance Company, Quanta Reinsurance U.S. Ltd., AXIS Reinsurance Company, Starr Excess International and Oil Casualty Insurance, Ltd. The total cost of this insurance is $8,720,200. Fiduciary liability insurance provides coverage for AEP System companies, their directors and officers, and any employee deemed to be a fiduciary or trustee, for breach of fiduciary responsibility, obligation, or duties as imposed under the Employee Retirement Income Security Act of 1974. This coverage, provided by Associated Electric & Gas Insurance Services, Federal Insurance Company, Zurich American Insurance Company and Energy Insurance Mutual, was renewed, effective July 1, 2003 through June 30, 2004, for a cost of $1,190,750.
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS Expenditures, disbursements or payments during the year, in money, goods or services directly or indirectly to or for the account of: (1) Any political party, candidate for public office or holder of such office, or any committee or agent thereof. NONE (2) Any citizens group or public relations counsel. Calendar Year 2003 ------------------ Name or Number Primary of Recipients Purpose Purpose of Accounts Name of Company or Beneficiaries of Entity Contribution Charged Amount --------------- ---------------- ------------- ------------ -------- ------ American Wind Legislative CSW Energy, Inc. Energy Affairs Annual Dues 930.2 $2,500 American Wind Legislative Legislative CSW Energy, Inc. Energy Affairs Dues 426.1 24,000 Utility Wind Legislative CSW Energy, Inc. Interest Group Affairs Annual Dues 930.2 3,750 Indiana Access Indiana Michigan Information Legislative Registration Power Company Network Affairs Fees 426.4 529 Indiana Michigan Business Legislative PAC Event Power Company Speakers Bureau Affairs Speaker 426.4 994 Indiana Senate Michigan Country Club Democratic Sponsorship Power Company of Lansing Caucus Dinner 426.4 1,653 Indiana Michigan Granholm-Cherry Legislative Power Company Inaugral CMT Affairs Sponsorship 426.4 10,000 Indiana 2003 Michigan Hoaglin Catering Legislative Power Company Fine Catering Services Reception 426.4 1,092 Indiana Michigan Martins Catering Power Company Catering Services PAC event 426.4 303 Indiana Michigan Indiana Night Legislative Power Company - NCSL Affairs Reception 426.4 411 Indiana Michigan Power Michigan Legislative Company Chamber Pac II Affairs Sponsorship 426.4 700 Indiana Muchmore Michigan Harrington & Legislative Legislative Power Company Smalley Affairs Services 426.4 42,865 Indiana Michigan Legislative Power Company Vectren Affairs Sponsorship 426.1 1,000 NCSL - Kentucky Power Kentucky Night Legislative Company 2003 Affairs Reception 426.4 1,049 Home Builders Kentucky Power Association of Legislative Registration Company Kentucky Affairs Fees 426.4 140 Kentucky Power Kentucky State Legislative Registration Company Treasurer Affairs Fees 426.4 250
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS Part I. Contracts for services, including engineering or construction services, or goods supplied or sold between System companies are as follows: Calendar Year 2003 ------------------ In Effect on Company Company December Nature of Performing Receiving Date of 31, 2003 Trasactions Service Service Compensation Contract (Yes/No) (1) (2) (3) (4) (5) (6) ----------- ----------- -------------- ----------- --------- --------- Accounts Appalachian Receivable AEP Credit, Power Factoring Inc. Company $3,401 12/31/01 Yes Accounts Columbus Receivable AEP Credit, Southern Factoring Inc. Power Company 9,792 12/31/01 Yes Accounts Receivable AEP Credit, Indiana Michigan Factoring Inc. Power Company 6,104 12/31/01 Yes Accounts Receivable AEP Credit, Kentucky Power Factoring Inc. Company 2,374 12/31/01 Yes Accounts Receivable AEP Credit, Kingsport Power Factoring Inc. Company 481 12/31/01 Yes Accounts Receivable AEP Credit, Ohio Power Factoring Inc. Company 8,748 12/31/01 Yes Accounts Public Service Receivable AEP Credit, Company of Factoring Inc. Oklahoma 5,841 12/31/01 Yes Accounts Southwestern Receivable AEP Credit, Electric Factoring Inc. Power Company 4,906 12/31/01 Yes Indiana Michigan Barging AEP Memco LLC Power Company 10,561 1/1/03 Yes Indiana - Kentucky Electric Barging AEP Memco LLC Corporation 8,841 4/01/03 Yes Indiana Michigan Ohio Power Barging Power Company Company 4,313 5/1/86 Yes Indiana Appalachian Michigan Power Barging Power Company Company 12,321 5/1/86 Yes Indiana Michigan AEP Generating Barging Power Company Company 8,108 5/1/86 Yes Indiana Michigan Kentucky Power Barging Power Company Company 74 5/1/96 Yes Indiana Michigan Barging Power Company AEP Memco LLC 7,054 1/1/02 Yes Indiana Michigan AEP Energy Barging Power Company Services, Inc. 53 1/1/02 No Conesville Coal Columbus Preparation Southern Coal Washing Company Power Company 9,196 11/5/84 Yes AEP Appalachian Communication Communications Power Services LLC Company 3,202 3/4/98 Yes AEP Communication Communications Kentucky Power Services LLC Company 212 11/18/97 Yes AEP Communication Communications Indiana Michigan Services LLC Power Company 1,758 10/24/98 Yes AEP Communication Communications Wheeling Power Services LLC Company 956 11/18/97 Yes AEP Communication Communications Ohio Power Services LLC Company 1,156 2/12/98 Yes AEP Columbus Communication Communications Southern Services LLC Power Company 1,073 2/12/98 Yes Environmental AEP Pro Eastex Services Serv, Inc. Cogeneration LP 1 8/23/01 No Leasing Agreement for Conesville Coal Coal Conveyor Preparation System Simco, Inc. Company 172 5/1/91 Yes Ohio Valley Maintenance Appalachian Electric Services Power Company Corporation 1,302 1/1/79 Yes Indiana-Kentucky Maintenance Appalachian Electric Services Power Company Corporation 216 1/1/79 Yes Machine Shop Appalachian System Operating Services Power Company Companies 8,752 12/8/78 Yes Machine Shop AEP Pro Services Serv, Inc. CSW Energy, Inc. 6 5/1/02 No Machine Shop AEP Pro Services Serv, Inc. CSW Energy, Inc. 2 5/3/02 No Maintenance AEP Pro Services Serv, Inc. CSW Energy, Inc. 121 Various No Project & Nanyang General Administrative AEP Pro Light Electric Services Serv, Inc. Company, Ltd 396 1/1/03 Yes Project & Administrative AEP Pro Sweeny Services Serv, Inc. Cogeneration LP 1,031 3/25/03 Yes Project and Louisiana Administrative AEP Pro Intrastate Services Serv, Inc. Gas Company, LLC 2 1/19/01 No Project and Kingsport AEP Administrative Power Communications Services Company LLC (32) 3/4/98 Yes Project and Appalachian AEP Administrative Power Communications Services Company LLC 1,381 3/4/98 Yes Project and Kentucky AEP Administrative Power Communications Services Company LLC 25 3/4/98 Yes Project and Indiana AEP Administrative Michigan Communications Services Power Company LLC 763 10/24/98 Yes Project and Wheeling AEP Administrative Power Communications Services Company LLC 937 11/18/97 Yes Project and AEP Administrative Ohio Power Communications Services Company LLC (87) 2/12/98 Yes Project and Columbus AEP Administrative Southern Communications Services Power Company LLC 117 2/12/98 Yes Simulator Appalachian Training Power System Operating Services Company Companies 1,086 12/12/87 Yes ------------------------ Part II. Contracts to purchase services or goods between any System company and (1) any affiliate company (other than a System company) or (2) any other company in which any officer or director of the System company, receiving service under the contract, is a partner or owns 5 percent or more of any class of equity securities. - NONE. Part III. Employment of any other person, by any System company, for the performance on a continuing basis, of management, supervisory or financial advisory services. - NONE.
ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES Part I. The following table shows the required information for investment in wholesale generation and foreign utility companies as of December 31, 2003: (a) Company name, business address, facilities and interest held; (b) Capital invested, recourse debt, guarantees and transfer of assets between affiliates; (c) Debt to equity ratio and earnings; (d) Contracts for service, sales or construction with affiliates. Foreign Utility Companies: (a) AEPR Global Holland Holding B.V Herengracht 548 1017 CG Amsterdam, The Netherlands (b) Capital Invested - $734 million. Recourse debt - NONE. Guarantees - NONE. Asset Transfers - NONE. (c) Earnings - $(249) million. (d) NONE (a) AEP Energy Services UK Generation Limited 50 Berkeley Street Mayfair London W1J89AP, Great Britain (b) Capital invested - $409 million. Recourse debt - NONE. Guarantees - NONE. Asset transfers - NONE. (c) Earnings - $(142) million. (d) NONE (a) Nanyang General Light Electric Co., Ltd. Dayuan Zhuan Village Pushan Town, Nanyang City People's Republic of China Owns and operates a two unit electric generating plant in China. AEP owns 70%. (b) Capital invested $44 million. Recourse debt - NONE. Guarantees - NONE. Asset transfers - NONE. (c) Debt to equity ratio - 0.8:1. Earnings - $12 million. (d) Nanyang has contracts with AEP Pro Serv, Inc. for consulting and administrative service which resulted in a fee of $396,000. (a) Pacific Hydro Limited Level 8 474 Flinders Street Melbourne, Victoria 3000 Australia Develops and owns hydroelectric facilities in the Asia Pacific region. AEP owns 20%. (b) Capital invested - $20 million. Recourse Debt - NONE. Guarantees - NONE. Assets transferred - NONE. (c) Noncurrent liabilities to equity ratio - 0.7:1. Earnings- $19 million. (d) NONE (a) AEP Energy Services Limited 29/30 St. James's Street London SW1A 1HB Great Britain AEP owns 100%. (b) Capital invested - $71 million. Recourse debt - NONE. Guarantees - NONE. Assets transferred - NONE. (c) Earnings - $(137) million. (d) NONE (a) InterGen Denmark, Aps Torre Chapultepec, Piso 13, Ruben Dario 281, Col. Bosques de Chapultepec, Mexico, D.F. 11520. Construction and operation of a 600 megawatt natural gas-fired, combined cycle plant. AEP owns 50%. (b) Capital invested - $54 million. Recourse debt - NONE. Guarantees - NONE. Asset transfers - NONE. (c) Debt to equity ratio - 7.0:1. Earnings - $(16) million. (d) NONE (a) South Coast Power Limited Shoreham, East Sussex United Kingdom (b) Capital invested - NONE. Recourse debt - NONE. Guarantees - NONE. Asset transfers - NONE. (c) Earnings - $1 million. (d) NONE Exempt Wholesale Generators: (a) Desert Sky Wind Farm L.P. 1 Riverside Plaza Columbus, Ohio Operation of Windfarm in Texas. (b) Capital invested - $20 million. Recourse debt - NONE. Guarantees - NONE. Asset transfer - NONE. (c) Debt to equity ratio - 1.9:1. Earnings - $2 million. (d) NONE (a) Trent Windfarm L.P. 1 Riverside Plaza Columbus, Ohio Operation of Windfarm in Texas. (b) Capital invested - $48 million. Recourse debt - NONE. Guarantees - NONE. Asset transfer - NONE. (c) Debt to equity ratio - 1.2:1. Earnings - $9 million. (d) NONE Part II. See Exhibit's G and H Part III. American Electric Power Company, Inc.'s aggregate investment in foreign utility companies is $1.3 billion and in exempt wholesale generators is $68 million which is 17.9% of its investment in domestic public utility subsidiary companies. ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS FINANCIAL STATEMENTS Consent of Independent Public Accountants Consolidating Statements of Income Consolidating Balance Sheets Consolidating Statements of Cash Flows Consolidating Statements of Retained Earnings Notes to Consolidating Financial Statements Financial Statements of Subsidiaries Not Consolidated: Ohio Valley Electric Corporation EXHIBITS Exhibit A - 10K File References for Each AEP Registrant Exhibit B & C - 10K Exhibit Index ** Exhibit D - Tax Allocation Agreement ** Exhibit E - Chart of Accounts/Personnel Policies ** Exhibit F - Intercompany Billings ** Exhibit G - Organizational Chart For: - Exempt Wholesale Generators - Foreign Utility Companies ** Exhibit H - Unaudited Financial Statements For: - Exempt Wholesale Generators - Foreign Utility Companies *** ** These Exhibits are included only the in copy filed with the Securities and Exchange Commission. *** Filed confidentially pursuant to Rule 104(b) of the PUHCA. SIGNATURE The undersigned system company has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized, pursuant to the requirements of the Public Utility Holding Company Act of 1935. AMERICAN ELECTRIC POWER COMPANY, INC. By /s/ Stephen P. Smith ---------------------- Stephen P. Smith Treasurer April 30, 2004 INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in this American Electric Power Company, Inc. Annual Report on Form U5S to the Securities and Exchange Commission, filed pursuant to the Public Utility Holding Company Act of 1935, for the year ended December 31, 2003, of our reports dated March 5, 2004, included in or incorporated by reference in the combined Annual Report on Form 10-K to the Securities and Exchange Commission of American Electric Power Company, Inc. and subsidiaries (which expresses an unqualified opinion and includes explanatory paragraphs referring to the Company's adoption of Statement of Financial Accounting Standards (SFAS) 142, "Goodwill and Other Intangible Assets," SFAS 143, "Accounting for Asset Retirement Obligations," Emerging Issues Task Force (EITF) 02-3, "Issues Involved in Accounting for Derivative Contracts Held for Trading Purposes and Contracts Involved in Energy Trading and Risk Management Activities," and Financial Interpretation Number (FIN) 46, "Consolidation of Variable Interest Entities"), AEP Generating Company, AEP Texas Central Company and subsidiaries (which expresses an unqualified opinion and includes explanatory paragraphs regarding the Company's adoption of SFAS 143 and FIN 46), AEP Texas North Company (which expresses an unqualified opinion and includes an explanatory paragraph regarding the Company's adoption of SFAS 143), Appalachian Power Company and subsidiaries (which expresses an unqualified opinion and includes an explanatory paragraph regarding the Company's adoption of SFAS 143 and EITF 02-3), Columbus Southern Power Company and subsidiaries (which expresses an unqualified opinion and includes an explanatory paragraph regarding the Company's adoption of SFAS 143 and EITF 02-3), Indiana Michigan Power Company and subsidiaries (which expresses an unqualified opinion and includes an explanatory paragraph regarding the Company's adoption of SFAS 143 and EITF 02-3), Kentucky Power Company (which expresses an unqualified opinion and includes an explanatory paragraph regarding the Company's adoption of EITF 02-3), Ohio Power Company Consolidated (which expresses an unqualified opinion and includes explanatory paragraphs regarding the Company's adoption of SFAS 143, EITF 02-3 and FIN 46), Public Service Company of Oklahoma Consolidated (which expresses an unqualified opinion and includes an explanatory paragraph regarding the Company's adoption of FIN 46), and Southwestern Electric Power Company and subsidiaries (which expresses an unqualified opinion and includes explanatory paragraphs regarding the Company's adoption of SFAS 143, and FIN 46) for the year ended December 31, 2003. /s/ Deloitte & Touche LLP ------------------------- Columbus, Ohio April 30, 2004
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------- AMERICAN ELECTRIC AMERICAN ELECTRIC DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS --------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $14,545,054,495.23 ($847,192,934.00) ($160,248,881.25) SALES TO AFFILIATES 36,782.36 0.00 (2,757,824,609.89) ---------------------- ------------------- ---------------------- TOTAL REVENUES 14,545,091,277.59 (847,192,934.00) (2,918,073,491.14) ---------------------- ------------------- ---------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 3,052,652,491.47 181,800,000.00 (303,177,110.56) PURCHASED ELECTRICITY FOR RESALE 706,531,493.06 (3,760,930,000.00) (5,226,951.07) PURCHASED GAS FOR RESALE 2,850,275,000.00 2,850,275,000.00 0.00 PURCHASE POWER AFFILIATED 0.00 0.00 (1,651,316,467.89) OTHER OPERATION 2,864,929,091.86 (169,403,602.69) (786,582,092.37) MAINTENANCE 808,469,478.49 (72,687,000.00) (79,062,223.84) ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 650,158,000.00 650,158,000.00 0.00 DEPRECIATION AND AMORTIZATION 1,299,528,694.14 (37,725,000.00) (8,653,441.20) TAXES OTHER THAN INCOME TAXES 680,850,971.12 (550,000.00) (40,221,167.42) INCOME TAXES 0.00 (586,436,094.90) (3,841,142.00) ---------------------- ------------------- ---------------------- TOTAL EXPENSES 12,913,395,220.14 (945,498,697.59) (2,878,080,596.35) ---------------------- ------------------- ---------------------- OPERATING INCOME 1,631,696,057.44 98,305,763.59 (39,992,894.80) OTHER INCOME (EXPENSE) 387,122,002.79 1,485,485,144.55 (349,445,665.22) INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) (70,000,000.00) (70,000,000.00) 0.00 OTHER INCOME (EXPENSE) (227,123,635.05) 33,430,173.50 38,755,495.78 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 (549,376,104.56) 11,162,312.00 INTEREST EXPENSE (INCOME) 813,660,544.71 (16,252,000.00) (115,938,120.93) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 8,903,507.37 8,903,507.37 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) (18,569,365.54) (18,569,365.54) 0.00 ---------------------- ------------------- ---------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 1,138,257,052.66 597,166,803.97 (165,855,928.71) ---------------------- ------------------- ---------------------- INCOME BEFORE INCOME TAXES 880,561,007.57 986,624,104.17 (223,582,631.30) INCOME TAXES INCOME TAXES 832,249,171.90 832,249,171.90 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 474,104,088.56 474,104,088.56 0.00 ---------------------- ------------------- ---------------------- TOTAL INCOME TAXES 358,145,083.34 358,145,083.34 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 522,415,924.23 628,479,020.83 (223,582,631.30) DISCONTINUED OPERATIONS (NET OF TAX) (605,202,563.00) (605,202,563.00) 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 176,775.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 192,521,480.13 (32,356,740.20) 0.00 ---------------------- ------------------- ---------------------- NET INCOME $109,734,841.36 ($8,903,507.37) ($223,582,631.30) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 (8,903,507.37) 0.00 ---------------------- ------------------- ---------------------- NET INCOME APPLICABLE TO COMMON STOCK $109,734,841.36 ($0.00) ($223,582,631.30) ====================== =================== ======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- AMERICAN ELECTRIC AMERICAN ELECTRIC DESCRIPTION POWER POWER SERVICE AEP TEXAS COMPANY CORPORATION POLR, LLC ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $0.00 $6,674,628.58 $8,694,202.35 SALES TO AFFILIATES 11,352,440.77 782,185,868.87 0.00 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 11,352,440.77 788,860,497.45 8,694,202.35 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 2,442,434.76 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 860,437.07 0.00 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 0.00 0.00 5,117,114.49 OTHER OPERATION 32,146,080.07 646,846,471.46 13,075,955.63 MAINTENANCE 426.16 79,062,223.84 2.53 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 146,738.09 8,618,050.25 1,586.76 TAXES OTHER THAN INCOME TAXES 0.00 40,227,458.74 262,547.43 INCOME TAXES 1,940,624.00 (2,681,030.00) 0.00 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 34,233,868.32 775,376,046.12 18,457,206.83 ---------------------- ---------------------- ----------------------- OPERATING INCOME (22,881,427.55) 13,484,451.33 (9,763,004.48) OTHER INCOME (EXPENSE) 312,845,519.27 569,280.79 9,018.32 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (44,534,759.08) (8,931,701.78) (500.00) NONOPERATING INCOME TAX CREDITS (EXPENSE) 490,342.00 0.00 3,528,862.00 INTEREST EXPENSE (INCOME) 139,526,828.47 5,122,030.33 203,690.26 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 183,571,245.55 14,053,732.11 (3,324,671.74) ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 106,392,846.17 0.01 (6,429,314.42) INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 106,392,846.17 0.01 (6,429,314.42) DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME $106,392,846.17 $0.01 ($6,429,314.42) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $106,392,846.17 $0.01 ($6,429,314.42) ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP MONEY AEP GENERATING CENTRAL COAL POOL COMPANY COMPANY ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $0.00 $210,000.00 $0.00 SALES TO AFFILIATES 0.00 232,955,270.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 0.00 233,165,270.00 0.00 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 109,238,056.44 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 0.00 0.00 0.00 OTHER OPERATION (0.02) 78,682,524.86 0.00 MAINTENANCE 0.00 10,345,839.38 0.00 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 0.00 22,686,032.78 0.00 TAXES OTHER THAN INCOME TAXES 0.00 3,396,081.01 0.00 INCOME TAXES 0.00 1,642,997.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES (0.02) 225,991,531.46 0.00 ---------------------- ---------------------- ----------------------- OPERATING INCOME 0.02 7,173,738.54 0.00 OTHER INCOME (EXPENSE) 0.00 150,498.73 433,962.59 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (0.00) (361,264.29) (438,437.57) NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 3,550,415.00 4,381.00 INTEREST EXPENSE (INCOME) 0.00 2,549,792.48 (93.99) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 0.00 (639,358.23) 433,962.58 ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 0.02 7,963,595.50 0.01 INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 0.02 7,963,595.50 0.01 DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME $0.02 $7,963,595.50 $0.01 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $0.02 $7,963,595.50 $0.01 ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP T&D INDIANA FRANKLIN FRANKLIN REAL SERVICES, LLC REALTY, INC. ESTATE COMPANY ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $880,774.91 $0.00 $0.00 SALES TO AFFILIATES 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 880,774.91 0.00 0.00 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 0.00 0.00 0.00 OTHER OPERATION 820,201.86 0.01 0.01 MAINTENANCE 7,083.84 0.00 0.00 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 4,453.46 0.00 0.00 TAXES OTHER THAN INCOME TAXES (688.53) 0.00 0.00 INCOME TAXES 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 831,050.63 0.01 0.01 ---------------------- ---------------------- ----------------------- OPERATING INCOME 49,724.28 (0.01) (0.01) OTHER INCOME (EXPENSE) (1.71) 0.00 0.00 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (130.00) 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) (15,748.00) 0.00 0.00 INTEREST EXPENSE (INCOME) 5,458.98 0.00 0.00 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 21,336.98 0.00 0.00 ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 28,385.59 (0.01) (0.01) INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 28,385.59 (0.01) (0.01) DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME $28,385.59 ($0.01) ($0.01) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $28,385.59 ($0.01) ($0.01) ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- APPALACHIAN POWER COLUMBUS SOUTHERN INDIANA MICHIGAN DESCRIPTION COMPANY POWER COMPANY POWER COMPANY CONSOLIDATED CONSOLIDATED CONSOLIDATED ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $1,734,564,772.25 $1,347,482,630.68 $1,346,393,152.14 SALES TO AFFILIATES 222,793,068.84 84,368,806.72 249,202,841.44 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 1,957,357,841.09 1,431,851,437.40 1,595,595,993.58 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 454,900,802.64 203,398,808.79 250,890,406.52 PURCHASED ELECTRICITY FOR RESALE 66,083,737.33 17,730,168.40 28,327,208.05 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 351,210,023.69 337,322,906.72 274,400,173.37 OTHER OPERATION 245,308,300.39 218,466,440.10 417,635,835.94 MAINTENANCE 135,595,517.13 75,319,430.65 158,280,616.40 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 175,771,879.00 135,964,381.81 171,281,007.92 TAXES OTHER THAN INCOME TAXES 90,087,499.26 133,753,570.01 57,787,478.37 INCOME TAXES 119,589,105.99 84,409,962.71 50,926,310.10 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 1,638,546,865.41 1,206,365,669.20 1,409,529,036.66 ---------------------- ---------------------- ----------------------- OPERATING INCOME 318,810,975.67 225,485,768.20 186,066,956.92 OTHER INCOME (EXPENSE) (5,660,921.99) (7,488,973.13) 53,928,104.98 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (9,534,194.27) (4,650,608.99) (77,170,790.28) NONOPERATING INCOME TAX CREDITS (EXPENSE) 14,368,862.00 10,748,643.71 9,777,424.00 INTEREST EXPENSE (INCOME) 115,201,622.63 50,948,011.09 83,053,952.92 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 110,366,954.90 44,849,976.37 150,447,319.19 ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 202,783,098.79 173,146,818.70 89,547,742.71 INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 202,783,098.79 173,146,818.70 89,547,742.71 DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 77,256,443.43 27,283,164.83 (3,159,518.00) ---------------------- ---------------------- ----------------------- NET INCOME $280,039,542.22 $200,429,983.53 $86,388,224.71 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 3,494,210.07 1,015,380.36 2,509,062.40 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $276,545,332.15 $199,414,603.17 $83,879,162.31 ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION KENTUCKY POWER KINGSPORT POWER OHIO POWER COMPANY COMPANY COMPANY CONSOLIDATED ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $376,662,163.69 $86,522,806.23 $1,660,374,867.60 SALES TO AFFILIATES 39,808,381.73 49,326.36 584,278,164.02 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 416,470,545.42 86,572,132.59 2,244,653,031.62 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 74,148,004.24 0.00 616,679,836.32 PURCHASED ELECTRICITY FOR RESALE 962,715.53 0.00 63,485,751.63 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 141,690,132.64 60,637,688.99 90,821,164.40 OTHER OPERATION 47,325,335.43 7,105,836.22 369,086,535.21 MAINTENANCE 27,327,889.82 2,791,275.19 166,437,853.87 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 39,308,876.20 3,632,150.71 257,417,401.15 TAXES OTHER THAN INCOME TAXES 8,788,583.51 3,504,714.82 175,043,400.86 INCOME TAXES 12,174,770.00 2,703,911.00 146,014,148.26 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 351,726,307.38 80,375,576.94 1,884,986,091.70 ---------------------- ---------------------- ----------------------- OPERATING INCOME 64,744,238.04 6,196,555.65 359,666,939.92 OTHER INCOME (EXPENSE) (4,036,662.28) 37,526.79 24,494,888.63 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (1,124,174.04) (65,350.41) (34,281,765.05) NONOPERATING INCOME TAX CREDITS (EXPENSE) 2,500,135.00 75,280.00 7,614,796.00 INTEREST EXPENSE (INCOME) 28,619,742.22 1,515,115.41 106,464,124.05 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 27,243,781.26 1,505,185.82 133,131,093.10 ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 33,463,794.50 4,728,896.62 251,030,735.45 INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 33,463,794.50 4,728,896.62 251,030,735.45 DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) (1,133,544.00) 0.00 124,631,674.07 ---------------------- ---------------------- ----------------------- NET INCOME $32,330,250.50 $4,728,896.62 $375,662,409.52 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 1,098,049.97 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $32,330,250.50 $4,728,896.62 $374,564,359.55 ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION WHEELING POWER COMPANY AEP INVESTMENTS, INC. AEP RESOURCES, INC. ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $84,773,885.75 $0.00 $4,126,400,943.29 SALES TO AFFILIATES 1,158,950.52 0.00 197,355,528.65 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 85,932,836.27 0.00 4,323,756,471.94 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 56,099,840.75 PURCHASED ELECTRICITY FOR RESALE 76,740.62 0.00 3,755,189,754.41 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 50,764,075.60 0.00 0.00 OTHER OPERATION 6,321,141.32 3,741,922.71 519,753,777.50 MAINTENANCE 2,942,835.58 2.52 78,219,677.55 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 2,455,010.36 58,865.57 67,919,398.10 TAXES OTHER THAN INCOME TAXES 5,249,534.30 519.00 845,844.04 INCOME TAXES 6,833,045.00 0.00 (6,084,255.00) ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 74,642,382.78 3,801,309.81 4,471,944,037.34 ---------------------- ---------------------- ----------------------- OPERATING INCOME 11,290,453.49 (3,801,309.81) (148,187,565.40) OTHER INCOME (EXPENSE) 230,497.64 (3,704,778.74) (1,326,658,194.88) INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (357,944.97) (5,027.00) (43,814,587.88) NONOPERATING INCOME TAX CREDITS (EXPENSE) 482,893.00 2,738,118.00 488,925,864.55 INTEREST EXPENSE (INCOME) 1,370,906.80 245,455.58 91,689,075.61 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 1,245,958.77 (2,487,635.42) (353,422,201.06) ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 10,274,992.36 (5,018,453.13) (1,121,423,559.22) INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 10,274,992.36 (5,018,453.13) (1,121,423,559.22) DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME $10,274,992.36 ($5,018,453.13) ($1,121,423,559.22) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $10,274,992.36 ($5,018,453.13) ($1,121,423,559.22) ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- AEP UTILITIES DESCRIPTION AEP INCORPORATED AEP C&I COMMUNICATIONS, INC. CONSOLIDATED COMPANY, LLC ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $5,792,235.73 $4,251,562,709.68 $153,619,517.72 SALES TO AFFILIATES 4,009,031.25 326,557,709.60 2,036,067.37 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 9,801,266.98 4,578,120,419.28 155,655,585.09 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 1,406,231,411.57 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 534,309,788.93 3,302,370.61 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 0.00 215,342,482.24 123,028,769.70 OTHER OPERATION 9,460,784.28 834,782,459.63 32,047,277.06 MAINTENANCE (350,259.92) 222,510,625.79 7.58 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 1,359,351.43 442,140,297.87 5,809.43 TAXES OTHER THAN INCOME TAXES 58,925.86 198,644,581.49 1,513,252.93 INCOME TAXES (368,701.00) 204,011,619.67 10,621.17 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 10,160,100.65 4,057,973,267.19 159,908,108.47 ---------------------- ---------------------- ----------------------- OPERATING INCOME (358,833.67) 520,147,152.09 (4,252,523.38) OTHER INCOME (EXPENSE) 1,559,663.24 226,800,500.04 1,610,025.09 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) 5,994,396.05 (80,279,291.81) 476,370.63 NONOPERATING INCOME TAX CREDITS (EXPENSE) 2,020,521.00 5,756,832.96 3,866,582.00 INTEREST EXPENSE (INCOME) 12,816,209.53 295,524,089.54 961,827.30 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 4,801,292.48 370,046,548.39 (3,381,125.33) ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES (3,600,462.92) 376,901,103.74 738,627.04 INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT (3,600,462.92) 376,901,103.74 738,627.04 DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 (176,775.00) 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME ($3,600,462.92) $376,724,328.74 $738,627.04 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 786,804.57 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK ($3,600,462.92) $375,937,524.17 $738,627.04 ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP DESERT AEP DESERT SKY LP, LLC SKY LP II, LLC AEP COAL, INC ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $0.00 $17,626,688.33 $129,081,078.44 SALES TO AFFILIATES 0.00 0.00 40,879,321.30 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 0.00 17,626,688.33 169,960,399.74 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 0.00 0.00 0.00 OTHER OPERATION 615,687.36 3,376,175.38 162,472,621.74 MAINTENANCE 2.53 1,725,191.78 0.00 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 3,459.10 9,052,662.39 6,014,127.14 TAXES OTHER THAN INCOME TAXES 0.00 1,692,601.50 693,415.04 INCOME TAXES (455,690.00) (8,747,177.00) (22,218,411.00) ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 163,458.98 7,099,454.05 146,961,752.92 ---------------------- ---------------------- ----------------------- OPERATING INCOME (163,458.98) 10,527,234.28 22,998,646.82 OTHER INCOME (EXPENSE) (3.43) 66,916.76 (62,705,804.93) INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (200.00) (146,773.37) (18,975.00) NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 106,028.00 INTEREST EXPENSE (INCOME) 431,338.54 7,590,629.75 1,761,923.39 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 431,538.54 7,737,403.12 1,674,870.39 ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES (595,000.95) 2,856,747.92 (41,382,028.50) INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT (595,000.95) 2,856,747.92 (41,382,028.50) DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME ($595,000.95) $2,856,747.92 ($41,382,028.50) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK ($595,000.95) $2,856,747.92 ($41,382,028.50) ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP POWER MUTUAL MARKETING, INC AEP PRO SERV, INC ENERGY LLC ------------------------------------------------------------------------------------------------------------------------------- REVENUES SALES TO NON AFFILIATES $45,147,061.58 $157,048,687.57 $12,983,503.98 SALES TO AFFILIATES (22,081,764.69) 398,326.79 554,052.71 ---------------------- ---------------------- ----------------------- TOTAL REVENUES 23,065,296.89 157,447,014.36 13,537,556.69 ---------------------- ---------------------- ----------------------- EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 2,359,771.55 PURCHASED GAS FOR RESALE 0.00 0.00 0.00 PURCHASE POWER AFFILIATED 0.00 0.00 981,936.05 OTHER OPERATION 452,895.18 163,620,794.34 7,769,733.27 MAINTENANCE 2.53 165.48 2,292.12 ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 0.00 1,707,866.58 357,729.24 TAXES OTHER THAN INCOME TAXES 0.00 50,988.62 21,830.30 INCOME TAXES 0.00 575,386.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL EXPENSES 452,897.70 165,955,201.02 11,493,292.53 ---------------------- ---------------------- ----------------------- OPERATING INCOME 22,612,399.19 (8,508,186.66) 2,044,264.16 OTHER INCOME (EXPENSE) 238.16 (848,595.35) 39,449,818.87 INTEREST AND OTHER CHARGES INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00 OTHER INCOME (EXPENSE) (50.00) (62,246.44) (1,298.76) NONOPERATING INCOME TAX CREDITS (EXPENSE) (7,882,925.00) 3,327,227.34 (13,770,742.00) INTEREST EXPENSE (INCOME) 89,942.08 269,605.65 (110,612.97) PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 7,972,917.08 (2,995,375.25) 13,661,427.79 ---------------------- ---------------------- ----------------------- INCOME BEFORE INCOME TAXES 14,639,720.26 (6,361,406.77) 27,832,655.25 INCOME TAXES INCOME TAXES 0.00 0.00 0.00 NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- TOTAL INCOME TAXES 0.00 0.00 0.00 INCOME BEFORE DISCONTINUED OPERATIONS, EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 14,639,720.26 (6,361,406.77) 27,832,655.25 DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME $14,639,720.26 ($6,361,406.77) $27,832,655.25 PREFERRED STOCK DIVIDEND REQUIREMENTS OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00 ---------------------- ---------------------- ----------------------- NET INCOME APPLICABLE TO COMMON STOCK $14,639,720.26 ($6,361,406.77) $27,832,655.25 ====================== ====================== =======================
Item 10 - Consolidating Statements of Income AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------- AEP UTILITIES AEP UTILITIES DESCRIPTION INCORPORATED SEC REPORTING INCORPORATED CONSOLIDATED ADJUSTMENTS ELIMINATIONS ----------------------------------------------------------------------------------------------------------------- OPERATING REVENUES SALES TO NONAFFILIATES $4,251,562,709.68 $357,627.00 $0.00 SALES TO AFFILIATES 326,557,709.60 0.00 (17,539,146.25) ------------------ ------------------ ----------------- TOTAL OPERATING REVENUES 4,578,120,419.28 357,627.00 (17,539,146.25) ------------------ ------------------ ----------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 1,406,231,411.57 239,724,031.05 (236,980.50) FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 (239,724,031.05) 0.00 PURCHASED ELECTRICITY FOR RESALE 534,309,788.93 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 215,342,482.24 0.00 (1,287,626.33) OTHER OPERATION 834,782,459.63 (17,657,397.31) (16,014,539.42) MAINTENANCE 222,510,625.79 0.00 0.00 DEPRECIATION AND AMORTIZATION 442,140,297.87 0.00 0.00 TAXES OTHER THAN INCOME TAXES 198,644,581.49 0.00 0.00 INCOME TAXES 204,011,619.67 6,305,259.00 0.00 ------------------ ------------------ ----------------- TOTAL OPERATING EXPENSES 4,057,973,267.19 (11,352,138.31) (17,539,146.25) ------------------ ------------------ ----------------- NET OPERATING INCOME 520,147,152.09 11,709,765.31 0.00 NONOPERATING INCOME (EXPENSE) 226,800,500.04 (1,627,244.49) (392,485,985.94) NONOPERATING EXPENSE (EXPENSE) (80,279,291.81) 127,790.27 0.00 NONOPERATING INCOME TAX EXPENSE (EXPENSE) 5,756,832.96 0.00 0.00 INTEREST CHARGES 295,524,089.54 0.00 0.00 MINORITY INTEREST (EXPENSE) 0.00 1,499,454.22 0.00 ------------------ ------------------ ----------------- INCOME BEFORE EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE 376,901,103.74 11,709,765.31 (392,485,985.94) EXTRAORDINARY ITEMS (NET OF TAX) (176,775.00) 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 (11,709,765.31) 0.00 ------------------ ------------------ ----------------- NET INCOME 376,724,328.74 0.00 (392,485,985.94) PREFERRED STOCK DIVIDEND REQUIREMENT 786,804.57 0.00 0.00 GAIN ON REACQUIRED STOCK 0.00 (3,000.00) 0.00 ------------------ ------------------ ----------------- EARNINGS APPLICABLE TO COMMON STOCK $375,937,524.17 ($3,000.00) ($392,485,985.94) ================== ================== =================
Item 10 - Consolidating Statements of Income AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP UTILITIES AEP CREDIT ENERSHOP INCORPORATED INCORPORATED INCORPORATED ----------------------------------------------------------------------------------------------------------------- OPERATING REVENUES SALES TO NONAFFILIATES $0.00 $0.00 $0.00 SALES TO AFFILIATES 0.00 41,647,399.67 0.00 ------------------ ------------------ ----------------- TOTAL OPERATING REVENUES 0.00 41,647,399.67 0.00 ------------------ ------------------ ----------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00 OTHER OPERATION 2,691,066.55 31,978,071.62 313,000.75 MAINTENANCE 0.31 0.00 0.00 DEPRECIATION AND AMORTIZATION 430,774.24 0.00 643.17 TAXES OTHER THAN INCOME TAXES (20,240.78) 0.00 2,876.86 INCOME TAXES 12,191,837.12 2,105,671.00 0.00 ------------------ ------------------ ----------------- TOTAL OPERATING EXPENSES 15,293,437.44 34,083,742.62 316,520.77 ------------------ ------------------ ----------------- NET OPERATING INCOME (15,293,437.44) 7,563,657.05 (316,520.77) NONOPERATING INCOME (EXPENSE) 391,307,967.87 528.99 (868,617.06) NONOPERATING EXPENSE (EXPENSE) (55,300.42) (55,543.87) (26,226.24) NONOPERATING INCOME TAX EXPENSE (EXPENSE) (10,860.00) 27,107.46 596,367.00 INTEREST CHARGES 10,845.71 3,180,105.27 369,766.39 MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00 ------------------ ------------------ ----------------- INCOME BEFORE EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE 375,937,524.29 4,355,644.36 (984,763.46) EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ------------------ ------------------ ----------------- NET INCOME 375,937,524.29 4,355,644.36 (984,763.46) PREFERRED STOCK DIVIDEND REQUIREMENT 0.00 0.00 0.00 GAIN ON REACQUIRED STOCK 0.00 0.00 0.00 ------------------ ------------------ ----------------- EARNINGS APPLICABLE TO COMMON STOCK $375,937,524.29 $4,355,644.36 ($984,763.46) ================== ================== =================
Item 10 - Consolidating Statements of Income AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------- AEP TEXAS CENTRAL PUBLIC SERVICE DESCRIPTION CSW LEASING COMPANY COMPANY OF INCORPORATED CONSOLIDATED OKLAHOMA ----------------------------------------------------------------------------------------------------------------- OPERATING REVENUES SALES TO NONAFFILIATES $0.00 $1,593,943,051.34 $1,079,691,666.53 SALES TO AFFILIATES 0.00 153,567,925.89 23,130,878.60 ------------------ ------------------ ----------------- TOTAL OPERATING REVENUES 0.00 1,747,510,977.23 1,102,822,545.13 ------------------ ------------------ ----------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 89,388,738.79 526,563,209.83 FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 195,526,909.89 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 373,388,438.20 35,685,334.60 PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 19,097,154.27 109,638,951.04 OTHER OPERATION 3,223.25 297,877,813.88 129,246,159.58 MAINTENANCE 0.00 71,361,397.46 53,075,868.59 DEPRECIATION AND AMORTIZATION 0.00 189,129,688.49 86,455,283.19 TAXES OTHER THAN INCOME TAXES 0.00 92,109,013.35 32,287,344.31 INCOME TAXES 0.00 98,092,094.86 37,008,213.88 ------------------ ------------------ ----------------- TOTAL OPERATING EXPENSES 3,223.25 1,425,971,249.19 1,009,960,365.03 ------------------ ------------------ ----------------- NET OPERATING INCOME (3,223.25) 321,539,728.04 92,862,180.10 NONOPERATING INCOME (EXPENSE) 3,027.65 54,172,131.35 8,025,692.70 NONOPERATING EXPENSE (EXPENSE) 0.00 (17,272,617.49) (1,385,020.23) NONOPERATING INCOME TAX EXPENSE (EXPENSE) 68.00 (7,079,713.00) (828,723.00) INTEREST CHARGES 0.00 133,811,944.23 44,783,779.26 MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00 ------------------ ------------------ ----------------- INCOME BEFORE EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE (127.60) 217,547,584.67 53,890,350.31 EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 121,663.00 0.00 ------------------ ------------------ ----------------- NET INCOME (127.60) 217,669,247.67 53,890,350.31 PREFERRED STOCK DIVIDEND REQUIREMENT 0.00 241,143.84 212,606.61 GAIN ON REACQUIRED STOCK 0.00 0.00 0.00 ------------------ ------------------ ----------------- EARNINGS APPLICABLE TO COMMON STOCK ($127.60) $217,428,103.83 $53,677,743.70 ================== ================== =================
Item 10 - Consolidating Statements of Income AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------- SOUTHWESTERN ELECTRIC POWER DESCRIPTION AEP TEXAS NORTH CSW ENERGY COMPANY COMPANY INCORPORATED CONSOLIDATED ----------------------------------------------------------------------------------------------------------------- OPERATING REVENUES SALES TO NONAFFILIATES $410,792,929.49 $83,808,270.16 $1,077,987,452.20 SALES TO AFFILIATES 55,153,103.55 1,743,210.08 68,854,339.06 ------------------ ------------------ ----------------- TOTAL OPERATING REVENUES 465,946,033.04 85,551,480.24 1,146,841,791.26 ------------------ ------------------ ----------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 39,081,559.06 70,265,934.36 441,444,918.99 FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 44,197,121.16 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 87,006,267.19 3,379,928.92 34,849,820.02 PURCHASED ELECTRICITY FROM AEP AFFILIATES 39,409,314.14 570,236.68 47,914,452.44 OTHER OPERATION 85,262,658.59 20,282,053.08 173,348,856.94 MAINTENANCE 18,960,588.99 8,339,480.42 70,443,258.96 DEPRECIATION AND AMORTIZATION 36,242,340.81 7,644,382.26 121,071,613.63 TAXES OTHER THAN INCOME TAXES 20,569,914.80 567,562.74 53,165,407.44 INCOME TAXES 27,189,059.43 (33,317,977.23) 54,467,946.88 ------------------ ------------------ ----------------- TOTAL OPERATING EXPENSES 397,918,824.16 77,731,601.22 996,706,275.30 ------------------ ------------------ ----------------- NET OPERATING INCOME 68,027,208.88 7,819,879.02 150,135,515.96 NONOPERATING INCOME (EXPENSE) 68,450,614.31 (37,040,622.45) 3,977,784.02 NONOPERATING EXPENSE (EXPENSE) (55,691,273.49) (2,878,054.81) (2,606,751.11) NONOPERATING INCOME TAX EXPENSE (EXPENSE) (3,074,271.00) (582,800.89) 3,396,162.00 INTEREST CHARGES 22,049,407.38 11,037,186.14 63,779,160.38 MINORITY INTEREST (EXPENSE) 0.00 0.00 (1,499,454.22) ------------------ ------------------ ----------------- INCOME BEFORE EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE 55,662,871.32 (43,718,785.27) 89,624,096.27 EXTRAORDINARY ITEMS (NET OF TAX) (176,775.00) 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 3,070,844.47 0.00 8,517,257.84 ------------------ ------------------ ----------------- NET INCOME 58,556,940.79 (43,718,785.27) 98,141,354.11 PREFERRED STOCK DIVIDEND REQUIREMENT 104,044.56 0.00 229,009.56 GAIN ON REACQUIRED STOCK 3,000.00 0.00 0.00 ------------------ ------------------ ----------------- EARNINGS APPLICABLE TO COMMON STOCK $58,455,896.23 ($43,718,785.27) $97,912,344.55 ================== ================== =================
Item 10 - Consolidating Statements of Income AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------- CSW ENERGY DESCRIPTION CSW INTERNATIONAL C3 COMMUNICATIONS SERVICES INCORPORATED INCORPORATED INCORPORATED ----------------------------------------------------------------------------------------------------------------- OPERATING REVENUES SALES TO NONAFFILIATES $0.00 $1,149,753.68 $3,831,959.28 SALES TO AFFILIATES 0.00 0.00 (1.00) ------------------ ------------------ ----------------- TOTAL OPERATING REVENUES 0.00 1,149,753.68 3,831,958.28 ------------------ ------------------ ----------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00 OTHER OPERATION 6,162,415.24 2,265,269.96 119,023,806.92 MAINTENANCE 0.00 330,029.79 1.26 DEPRECIATION AND AMORTIZATION 0.00 0.00 1,165,572.08 TAXES OTHER THAN INCOME TAXES 0.00 (37,349.93) 52.70 INCOME TAXES 0.00 (5,515.27) (24,970.00) ------------------ ------------------ ----------------- TOTAL OPERATING EXPENSES 6,162,415.24 2,552,434.55 120,164,462.97 ------------------ ------------------ ----------------- NET OPERATING INCOME (6,162,415.24) (1,402,680.87) (116,332,504.69) NONOPERATING INCOME (EXPENSE) 10,455,718.24 4,615,018.37 117,814,486.49 NONOPERATING EXPENSE (EXPENSE) (139,915.00) (294,396.42) (1,983.00) NONOPERATING INCOME TAX EXPENSE (EXPENSE) 12,488,955.39 14,547.00 809,994.00 INTEREST CHARGES 458,503.29 11,039,831.13 5,003,560.36 MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00 ------------------ ------------------ ----------------- INCOME BEFORE EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT OF ACCOUNTING CHANGE 16,183,840.10 (8,107,343.05) (2,713,567.56) EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ------------------ ------------------ ----------------- NET INCOME 16,183,840.10 (8,107,343.05) (2,713,567.56) PREFERRED STOCK DIVIDEND REQUIREMENT 0.00 0.00 0.00 GAIN ON REACQUIRED STOCK 0.00 0.00 0.00 ------------------ ------------------ ----------------- EARNINGS APPLICABLE TO COMMON STOCK $16,183,840.10 ($8,107,343.05) ($2,713,567.56) ================== ================== =================
Item 10 - Consolidating Statements of Income AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AEP TEXAS CENTRAL AEP TEXAS CENTRAL DESCRIPTION COMPANY SEC REPORTING COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS ------------------------------------------------------------------------------------------------------------------------------------ OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,593,943,051.34 ($187,174.00) $0.00 SALES TO AEP AFFILIATES 153,567,925.89 0.00 (398,667.00) -------------------- --------------------- -------------------- TOTAL OPERATING REVENUES 1,747,510,977.23 (187,174.00) (398,667.00) -------------------- --------------------- -------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 89,388,738.79 (195,526,909.89) 0.00 FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 195,526,909.89 195,526,909.89 0.00 PURCHASED ELECTRICITY FOR RESALE 373,388,438.20 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 19,097,154.27 0.00 0.00 OTHER OPERATION 297,877,813.88 0.00 (398,667.00) MAINTENANCE 71,361,397.46 0.00 0.00 DEPRECIATION AND AMORTIZATION 189,129,688.49 0.00 0.00 TAXES OTHER THAN INCOME TAXES 92,109,013.35 0.00 0.00 INCOME TAXES 98,092,094.86 (65,511.00) 0.00 -------------------- --------------------- -------------------- TOTAL OPERATING EXPENSES 1,425,971,249.19 (65,511.00) (398,667.00) -------------------- --------------------- -------------------- OPERATING INCOME 321,539,728.04 (121,663.00) 0.00 NONOPERATING INCOME (EXPENSE) 54,172,131.35 54,333.77 (79,566.86) NONOPERATING EXPENSES (EXPENSE) (17,272,617.49) (54,333.77) 0.00 NONOPERATING INCOME TAX EXPENSE (EXPENSE) (7,079,713.00) 0.00 0.00 INTEREST CHARGES 133,811,944.23 0.00 0.00 -------------------- --------------------- -------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 217,547,584.67 (121,663.00) (79,566.86) CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 121,663.00 121,663.00 0.00 -------------------- --------------------- -------------------- NET INCOME 217,669,247.67 0.00 (79,566.86) PREFERRED STOCK DIVIDEND REQUIREMENTS 241,143.84 0.00 0.00 -------------------- --------------------- -------------------- EARNINGS APPLICABLE TO COMMON STOCK $217,428,103.83 $0.00 ($79,566.86) ==================== ===================== ====================
Item 10 - Consolidating Statements of Income AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------- AEP TEXAS CENTRAL DESCRIPTION AEP TEXAS CENTRAL COMPANY COMPANY SEC ------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,506,393,546.51 $87,736,678.83 SALES TO AEP AFFILIATES 148,728,436.92 5,238,155.97 -------------------- --------------------- TOTAL OPERATING REVENUES 1,655,121,983.43 92,974,834.80 -------------------- --------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 284,915,648.68 0.00 FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 373,388,438.20 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 19,097,154.27 0.00 OTHER OPERATION 297,744,074.03 532,406.85 MAINTENANCE 71,361,397.46 0.00 DEPRECIATION AND AMORTIZATION 142,308,344.23 46,821,344.26 TAXES OTHER THAN INCOME TAXES 92,109,013.35 0.00 INCOME TAXES 98,157,605.86 0.00 -------------------- --------------------- TOTAL OPERATING EXPENSES 1,379,081,676.08 47,353,751.11 -------------------- --------------------- OPERATING INCOME 276,040,307.35 45,621,083.69 NONOPERATING INCOME (EXPENSE) 53,868,053.27 329,311.17 NONOPERATING EXPENSES (EXPENSE) (17,218,283.72) 0.00 NONOPERATING INCOME TAX EXPENSE (EXPENSE) (7,079,713.00) 0.00 INTEREST CHARGES 87,941,116.23 45,870,828.00 -------------------- --------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 217,669,247.67 79,566.86 CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 0.00 0.00 -------------------- --------------------- NET INCOME 217,669,247.67 79,566.86 PREFERRED STOCK DIVIDEND REQUIREMENTS 241,143.84 0.00 -------------------- --------------------- EARNINGS APPLICABLE TO COMMON STOCK $217,428,103.83 $79,566.86 ==================== =====================
Item 10 - Consolidating Statements of Income APPALACHIAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------------- APPALACHIAN POWER APPALACHIAN POWER DESCRIPTION COMPANY SEC REPORTING COMPANY APPALACHIAN POWER CONSOLIDATED ADJUSTMENTS ELIMINATIONS COMPANY ----------------------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,734,564,772.25 ($2,094,011.00) $0.00 $1,736,658,783.25 SALES TO AEP AFFILIATES 222,793,068.84 0.00 0.00 222,793,068.84 ------------------- ------------------ ------------------ ------------------ TOTAL OPERATING REVENUES 1,957,357,841.09 (2,094,011.00) 0.00 1,959,451,852.09 ------------------- ------------------ ------------------ ------------------ OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 454,900,802.64 0.00 0.00 454,900,802.64 PURCHASED ELECTRICITY FOR RESALE 66,083,737.33 0.00 0.00 66,083,737.33 PURCHASED ELECTRICITY FROM AEP AFFILIATES 351,210,023.69 0.00 0.00 351,210,023.69 OTHER OPERATION 245,308,300.39 128,341,689.43 0.00 116,966,610.96 MAINTENANCE 135,595,517.13 0.00 0.00 135,595,517.13 DEPRECIATION AND AMORTIZATION 175,771,879.00 0.00 0.00 175,771,879.00 TAXES OTHER THAN INCOME TAXES 90,087,499.26 0.00 0.00 90,087,499.26 INCOME TAXES 119,589,105.99 (48,786,795.00) 0.00 168,375,900.99 ------------------- ------------------ ------------------ ------------------ TOTAL OPERATING EXPENSES 1,638,546,865.41 79,554,894.43 0.00 1,558,991,970.98 ------------------- ------------------ ------------------ ------------------ OPERATING INCOME 318,810,975.67 (81,648,905.43) 0.00 400,459,881.10 NONOPERATING INCOME (EXPENSE) (5,660,921.99) 7,568,755.58 (4,796,006.46) (14,261,339.71) NONOPERATING EXPENSES (EXPENSE) (9,534,194.27) (811,121.58) 3,229,308.70 (8,153,293.43) NONOPERATING INCOME TAX CREDIT (EXPENSE) 14,368,862.00 (2,365,172.00) 0.00 17,199,072.00 INTEREST CHARGES 115,201,622.63 0.00 0.00 115,204,777.77 ------------------- ------------------ ------------------ ------------------ INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 202,783,098.79 (77,256,443.43) (1,566,697.76) 280,039,542.20 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 77,256,443.43 77,256,443.43 0.00 0.00 ------------------- ------------------ ------------------ ------------------ NET INCOME 280,039,542.22 0.00 (1,566,697.76) 280,039,542.20 PREFERRED STOCK DIVIDEND REQUIREMENTS 3,494,210.07 0.00 0.00 3,494,210.07 ------------------- ------------------ ------------------ ------------------ EARNINGS APPLICABLE TO COMMON STOCK $276,545,332.15 $0.00 ($1,566,697.76) $276,545,332.13 =================== ================== ================== ==================
Item 10 - Consolidating Statements of Income APPALACHIAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------- CENTRAL SOUTHERN DESCRIPTION APPALACHIAN APPALACHIAN CEDAR COAL COAL COMPANY COAL COMPANY COMPANY ----------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $0.00 $0.00 $0.00 SALES TO AEP AFFILIATES 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OPERATING REVENUES 0.00 0.00 0.00 ------------------- ------------------- ------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00 OTHER OPERATION 0.00 0.00 0.00 MAINTENANCE 0.00 0.00 0.00 DEPRECIATION AND AMORTIZATION 0.00 0.00 0.00 TAXES OTHER THAN INCOME TAXES 0.00 0.00 0.00 INCOME TAXES 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OPERATING EXPENSES 0.00 0.00 0.00 ------------------- ------------------- ------------------- OPERATING INCOME 0.00 0.00 0.00 NONOPERATING INCOME (EXPENSE) 271,704.51 1,486,069.91 4,069,894.18 NONOPERATING EXPENSES (EXPENSE) (61,219.49) (827,796.42) (2,910,072.05) NONOPERATING INCOME TAX CREDIT (EXPENSE) (95,147.00) (214,147.00) (155,744.00) INTEREST CHARGES (238.99) (1,114.52) (1,801.63) ------------------- ------------------- ------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 115,577.01 445,241.01 1,005,879.76 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ------------------- ------------------- ------------------- NET INCOME 115,577.01 445,241.01 1,005,879.76 PREFERRED STOCK DIVIDEND REQUIREMENTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- EARNINGS APPLICABLE TO COMMON STOCK $115,577.01 $445,241.01 $1,005,879.76 =================== =================== ===================
Item 10 - Consolidating Statements of Income COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ COLUMBUS SOUTHERN COLUMBUS SOUTHERN DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY COLUMBUS SOUTHERN CONSOLIDATED ADJUSTMENTS ELIMINATIONS POWER COMPANY ------------------------------------------------------------------------------------------------------------------------------------ OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,347,482,630.68 ($1,407,676.00) ($9,196,483.88) $1,348,890,306.68 SALES TO AEP AFFILIATES 84,368,806.72 0.00 (172,100.00) 82,353,392.72 ------------------ ----------------- ----------------- ------------------- TOTAL OPERATING REVENUES 1,431,851,437.40 (1,407,676.00) (9,368,583.88) 1,431,243,699.40 ------------------ ----------------- ----------------- ------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 203,398,808.79 0.00 (127,819.21) 203,526,628.00 PURCHASED ELECTRICITY FOR RESALE 17,730,168.40 0.00 0.00 17,730,168.40 PURCHASED ELECTRICITY FROM AEP AFFILIATES 337,322,906.72 0.00 0.00 337,322,906.72 OTHER OPERATION 218,466,440.10 49,036,164.83 (7,151,008.53) 169,425,561.89 MAINTENANCE 75,319,430.65 0.00 (1,772,196.68) 75,319,430.17 DEPRECIATION AND AMORTIZATION 135,964,381.81 0.00 (86,436.24) 135,822,582.21 TAXES OTHER THAN INCOME TAXES 133,753,570.01 0.00 (230,600.22) 133,451,449.24 INCOME TAXES 84,409,962.71 (20,207,894.00) 0.00 104,571,276.71 ------------------ ----------------- ----------------- ------------------- TOTAL OPERATING EXPENSES 1,206,365,669.20 28,828,270.83 (9,368,060.88) 1,177,170,003.34 ------------------ ----------------- ----------------- ------------------- OPERATING INCOME 225,485,768.20 (30,235,946.83) (523.00) 254,073,696.05 NONOPERATING INCOME (EXPENSE) (7,488,973.13) 4,885,042.13 (1,073,012.97) (11,453,405.02) NONOPERATING EXPENSES (EXPENSE) (4,650,608.99) (342,300.13) 523.00 (4,254,946.73) NONOPERATING INCOME TAX CREDIT (EXPENSE) 10,748,643.71 (1,589,960.00) 0.00 12,970,691.71 INTEREST CHARGES 50,948,011.09 0.00 0.00 50,906,052.76 ------------------ ----------------- ----------------- ------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 173,146,818.70 (27,283,164.83) (1,073,012.97) 200,429,983.25 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 27,283,164.83 27,283,164.83 0.00 0.00 ------------------ ----------------- ----------------- ------------------- NET INCOME 200,429,983.53 0.00 (1,073,012.97) 200,429,983.25 PREFERRED STOCK DIVIDEND REQUIREMENTS 1,015,380.36 0.00 0.00 1,015,380.36 ------------------ ----------------- ----------------- ------------------- EARNINGS APPLICABLE TO COMMON STOCK $199,414,603.17 $0.00 ($1,073,012.97) $199,414,602.89 ================== ================= ================= ===================
Item 10 - Consolidating Statements of Income COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------- CONESVILLE COAL DESCRIPTION SIMCO COLOMET PREPARATION INCORPORATED INCORPORATED COMPANY ---------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $0.00 $0.00 $9,196,483.88 SALES TO AEP AFFILIATES 172,100.00 2,015,414.00 0.00 ------------------ ------------------ ------------------ TOTAL OPERATING REVENUES 172,100.00 2,015,414.00 9,196,483.88 ------------------ ------------------ ------------------ OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00 OTHER OPERATION 2,654.06 4,712.60 7,148,355.26 MAINTENANCE 0.00 0.00 1,772,197.15 DEPRECIATION AND AMORTIZATION 59,238.00 141,799.60 27,198.24 TAXES OTHER THAN INCOME TAXES 5,700.48 302,120.77 224,899.74 INCOME TAXES 29,538.00 0.00 17,042.00 ------------------ ------------------ ------------------ TOTAL OPERATING EXPENSES 97,130.54 448,632.97 9,189,692.39 ------------------ ------------------ ------------------ OPERATING INCOME 74,969.46 1,566,781.03 6,791.49 NONOPERATING INCOME (EXPENSE) 6,259.43 81,850.94 64,292.36 NONOPERATING EXPENSES (EXPENSE) (523.00) (50,368.00) (2,994.13) NONOPERATING INCOME TAX CREDIT (EXPENSE) (4,958.00) (627,130.00) 0.00 INTEREST CHARGES (41.72) 43,910.33 (1,910.28) ------------------ ------------------ ------------------ INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 75,789.61 927,223.64 70,000.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ------------------ ------------------ ------------------ NET INCOME 75,789.61 927,223.64 70,000.00 PREFERRED STOCK DIVIDEND REQUIREMENTS 0.00 0.00 0.00 ------------------ ------------------ ------------------ EARNINGS APPLICABLE TO COMMON STOCK $75,789.61 $927,223.64 $70,000.00 ================== ================== ==================
Item 10 - Consolidating Statements of Income INDIANA MICHIGAN POWER COMPANY AND SUBSIDAIRIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------- INDIANA MICHIGAN INDIANA MICHIGAN DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS --------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,346,393,152.14 $0.00 $0.00 SALES TO AEP AFFILIATES 249,202,841.44 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OPERATING REVENUES 1,595,595,993.58 0.00 0.00 ------------------- ------------------- ------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 250,890,406.52 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 28,327,208.05 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 274,400,173.37 0.00 0.00 OTHER OPERATION 417,635,835.94 0.00 0.00 MAINTENANCE 158,280,616.40 0.00 0.00 DEPRECIATION AND AMORTIZATION 171,281,007.92 0.00 0.00 TAXES OTHER THAN INCOME TAXES 57,787,478.37 0.00 0.00 INCOME TAXES 50,926,310.10 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OPERATING EXPENSES 1,409,529,036.66 0.00 0.00 ------------------- ------------------- ------------------- OPERATING INCOME 186,066,956.92 0.00 0.00 NONOPERATING INCOME (EXPENSE) 53,928,104.98 24,463,995.47 6,164,161.58 NONOPERATING EXPENSES (EXPENSE) (77,170,790.28) (19,603,198.47) 241,892.75 NONOPERATING INCOME TAX CREDIT (EXPENSE) 9,777,424.00 (1,701,279.00) 0.00 INTEREST CHARGES 83,053,952.92 0.00 0.00 ------------------- ------------------- ------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 89,547,742.71 3,159,518.00 6,406,054.33 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) (3,159,518.00) (3,159,518.00) 0.00 ------------------- ------------------- ------------------- NET INCOME 86,388,224.71 0.00 6,406,054.33 PREFERRED STOCK DIVIDEND REQUIREMENTS 2,509,062.40 0.00 0.00 ------------------- ------------------- ------------------- EARNINGS APPLICABLE TO COMMON STOCK $83,879,162.31 $0.00 $6,406,054.33 =================== =================== ===================
Item 10 - Consolidating Statements of Income INDIANA MICHIGAN POWER COMPANY AND SUBSIDAIRIES CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------- DESCRIPTION INDIANA MICHIGAN PRICE RIVER BLACKHAWK POWER COMPANY COAL COMPANY COAL COMPANY --------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,346,393,152.14 $0.00 $0.00 SALES TO AEP AFFILIATES 249,202,841.44 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OPERATING REVENUES 1,595,595,993.58 0.00 0.00 ------------------- ------------------- ------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 250,890,406.52 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 28,327,208.05 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 274,400,173.37 0.00 0.00 OTHER OPERATION 417,635,835.93 0.00 0.00 MAINTENANCE 158,280,616.40 0.00 0.00 DEPRECIATION AND AMORTIZATION 171,281,007.92 0.00 0.00 TAXES OTHER THAN INCOME TAXES 57,787,478.37 0.00 0.00 INCOME TAXES 50,926,310.10 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OPERATING EXPENSES 1,409,529,036.66 0.00 0.00 ------------------- ------------------- ------------------- OPERATING INCOME 186,066,956.92 (0.00) 0.00 NONOPERATING INCOME (EXPENSE) 31,587,375.35 0.00 (8,287,427.42) NONOPERATING EXPENSES (EXPENSE) (56,159,601.08) 0.00 (1,649,883.48) NONOPERATING INCOME TAX CREDIT (EXPENSE) 7,948,857.00 0.00 3,529,846.00 INTEREST CHARGES 83,055,363.52 0.00 (1,410.60) ------------------- ------------------- ------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 86,388,224.68 0.00 (6,406,054.30) CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00 ------------------- ------------------- ------------------- NET INCOME 86,388,224.68 0.00 (6,406,054.30) PREFERRED STOCK DIVIDEND REQUIREMENTS 2,509,062.40 0.00 0.00 ------------------- ------------------- ------------------- EARNINGS APPLICABLE TO COMMON STOCK $83,879,162.28 $0.00 ($6,406,054.30) =================== =================== ===================
Item 10 - Consolidating Statements of Income OHIO POWER COMPANY CONSOLIDATED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- OHIO POWER OHIO POWER DESCRIPTION COMPANY SEC REPORTING COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS --------------------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,660,374,867.60 ($1,867,531.00) $0.00 SALES TO AEP AFFILIATES 584,278,164.02 0.00 (31,597,338.10) -------------------- -------------------- -------------------- TOTAL OPERATING REVENUES 2,244,653,031.62 (1,867,531.00) (31,597,338.10) -------------------- -------------------- -------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 616,679,836.32 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 63,485,751.63 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 90,821,164.40 0.00 0.00 OTHER OPERATION 369,086,535.21 213,641,327.27 (31,597,338.10) MAINTENANCE 166,437,853.87 0.00 0.00 DEPRECIATION AND AMORTIZATION 257,417,401.15 0.00 0.00 TAXES OTHER THAN INCOME TAXES 175,043,400.86 0.00 0.00 INCOME TAXES 146,014,148.26 (86,959,751.00) 0.00 -------------------- -------------------- -------------------- TOTAL OPERATING EXPENSES 1,884,986,091.70 126,681,576.27 (31,597,338.10) -------------------- -------------------- -------------------- OPERATING INCOME 359,666,939.92 (128,549,107.27) 0.00 NONOPERATING INCOME (EXPENSE) 24,494,888.63 8,280,786.21 0.00 NONOPERATING EXPENSES (EXPENSE) (34,281,765.05) (2,254,031.21) 0.00 NONOPERATING INCOME TAX CREDIT (EXPENSE) 7,614,796.00 (2,109,365.00) 0.00 -------------------- -------------------- -------------------- INTEREST CHARGES 106,464,124.05 0.00 0.00 -------------------- -------------------- -------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 251,030,735.45 (124,631,717.27) 0.00 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 124,631,674.07 124,631,717.27 0.00 -------------------- -------------------- -------------------- NET INCOME 375,662,409.52 0.00 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT 1,098,049.97 0.00 0.00 -------------------- -------------------- -------------------- EARNINGS APPLICABLE TO COMMON STOCK $374,564,359.55 $0.00 $0.00 ==================== ==================== ====================
Item 10 - Consolidating Statements of Income OHIO POWER COMPANY CONSOLIDATED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------- DESCRIPTION OHIO POWER COMPANY JMG FUNDING LP ---------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,662,242,398.60 $0.00 SALES TO AEP AFFILIATES 584,278,164.02 31,597,338.10 -------------------- -------------------- TOTAL OPERATING REVENUES 2,246,520,562.62 31,597,338.10 -------------------- -------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 616,679,836.32 0.00 PURCHASED ELECTRICITY FOR RESALE 63,485,751.63 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 90,821,164.40 0.00 OTHER OPERATION 176,994,183.30 10,048,362.74 MAINTENANCE 166,437,853.87 0.00 DEPRECIATION AND AMORTIZATION 247,461,862.04 9,955,539.11 TAXES OTHER THAN INCOME TAXES 175,043,400.86 0.00 INCOME TAXES 232,973,899.26 -------------------- -------------------- TOTAL OPERATING EXPENSES 1,769,897,951.68 20,003,901.85 -------------------- -------------------- OPERATING INCOME 476,622,610.94 11,593,436.25 NONOPERATING INCOME (EXPENSE) 16,213,935.25 167.17 NONOPERATING EXPENSES (EXPENSE) (32,027,733.84) 0.00 NONOPERATING INCOME TAX CREDIT (EXPENSE) 9,724,161.00 0.00 -------------------- -------------------- INTEREST CHARGES 94,870,520.63 11,593,603.42 -------------------- -------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 375,662,452.72 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) (43.20) 0.00 -------------------- -------------------- NET INCOME 375,662,409.52 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT 1,098,049.97 0.00 -------------------- -------------------- EARNINGS APPLICABLE TO COMMON STOCK $374,564,359.55 $0.00 ==================== ====================
Item 10 - Consolidating Statements of Income SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------------------- SOUTHWESTERN SOUTHWESTERN ELECTRIC POWER ELECTRIC POWER DESCRIPTION COMPANY SEC REPORTING COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS ---------------------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,077,987,452.20 ($150,836.00) $0.00 SALES TO AEP AFFILIATES 68,854,339.06 0.00 (60,698,754.67) --------------------- --------------------- -------------------- TOTAL OPERATING REVENUES 1,146,841,791.26 (150,836.00) (60,698,754.67) --------------------- --------------------- -------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 441,444,918.99 0.00 (11,958,974.74) PURCHASED ELECTRICITY FOR RESALE 34,849,820.02 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 47,914,452.44 0.00 0.00 OTHER OPERATION 173,348,856.94 12,952,638.84 (39,043,947.32) MAINTENANCE 70,443,258.96 0.00 0.00 DEPRECIATION AND AMORTIZATION 121,071,613.63 0.00 (8,116,474.34) TAXES OTHER THAN INCOME TAXES 53,165,407.44 0.00 (1,579,358.07) INCOME TAXES 54,467,946.88 (4,586,217.00) 0.00 --------------------- --------------------- -------------------- TOTAL OPERATING EXPENSES 996,706,275.30 8,366,421.84 (60,698,754.47) --------------------- --------------------- -------------------- OPERATING INCOME 150,135,515.96 (8,517,257.84) (0.20) NONOPERATING INCOME (EXPENSE) 3,977,784.02 1,506,667.79 (4,716,674.17) NONOPERATING EXPENSES (EXPENSE) (2,606,751.11) (7,213.57) 0.00 NONOPERATING INCOME TAX CREDIT (EXPENSE) 3,396,162.00 0.00 0.00 INTEREST CHARGES 63,779,160.38 0.00 (1,855,197.15) MINORITY INTEREST (EXPENSE) (1,499,454.22) (1,499,454.22) 0.00 --------------------- --------------------- -------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 89,624,096.27 (8,517,257.84) (2,861,477.22) CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 8,517,257.84 8,517,257.84 0.00 --------------------- --------------------- -------------------- NET INCOME 98,141,354.11 0.00 (2,861,477.22) PREFERRED STOCK DIVIDEND REQUIREMENTS 229,009.56 0.00 0.00 --------------------- --------------------- -------------------- EARNINGS APPLICABLE TO COMMON STOCK $97,912,344.55 $0.00 ($2,861,477.22) ===================== ===================== ====================
Item 10 - Consolidating Statements of Income SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED CONSOLIDATING STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------------------- SOUTHWESTERN DESCRIPTION ELECTRIC POWER DOLET HILLS SABINE MINING COMPANY LIGNITE COMPANY COMPANY ---------------------------------------------------------------------------------------------------------------------------------- OPERATING REVENUES ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,045,164,278.57 $32,016,774.73 $957,234.90 SALES TO AEP AFFILIATES 68,854,339.06 32,016,774.73 28,681,979.94 --------------------- --------------------- -------------------- TOTAL OPERATING REVENUES 1,114,018,617.63 64,033,549.46 29,639,214.84 --------------------- --------------------- -------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 453,403,893.73 0.00 0.00 PURCHASED ELECTRICITY FOR RESALE 34,849,820.02 0.00 0.00 PURCHASED ELECTRICITY FROM AEP AFFILIATES 47,914,452.44 0.00 0.00 OTHER OPERATION 132,351,956.12 46,740,436.24 20,347,773.06 MAINTENANCE 70,443,258.96 0.00 0.00 DEPRECIATION AND AMORTIZATION 114,836,893.98 10,391,199.46 3,959,994.53 TAXES OTHER THAN INCOME TAXES 51,853,677.61 2,186,149.70 704,938.20 INCOME TAXES 57,448,650.88 795,541.00 809,972.00 --------------------- --------------------- -------------------- TOTAL OPERATING EXPENSES 963,102,603.74 60,113,326.40 25,822,677.79 --------------------- --------------------- -------------------- OPERATING INCOME 150,916,013.89 3,920,223.06 3,816,537.05 NONOPERATING INCOME (EXPENSE) 6,975,452.05 212,338.35 0.00 NONOPERATING EXPENSES (EXPENSE) (2,352,713.82) (154,833.33) (91,990.39) NONOPERATING INCOME TAX CREDIT (EXPENSE) 2,976,722.00 419,440.00 0.00 INTEREST CHARGES 60,374,120.03 3,035,145.06 2,225,092.44 MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00 --------------------- --------------------- -------------------- INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 98,141,354.10 1,362,023.02 1,499,454.22 CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 0.00 0.00 0.00 --------------------- --------------------- -------------------- NET INCOME 98,141,354.10 1,362,023.02 1,499,454.22 PREFERRED STOCK DIVIDEND REQUIREMENTS 229,009.56 0.00 0.00 --------------------- --------------------- -------------------- EARNINGS APPLICABLE TO COMMON STOCK $97,912,344.54 $1,362,023.02 $1,499,454.22 ===================== ===================== ====================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- AMERICAN ELECTRIC AMERICAN ELECTRIC DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $1,182,143,529.95 ($13,163,000.00) $0.00 ADVANCES TO AFFILIATES (0.00) (3,326,573.62) (2,552,889,525.31) ACCOUNTS RECEIVABLE - CUSTOMERS 1,155,243,672.78 564,697,990.96 244,169,524.97 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 0.00 (6,623,442.40) (1,472,642,506.35) ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 596,246,280.67 (29,779,121.00) 145,622,068.67 ACCOUNTS RECEIVABLE - MISCELLANEOUS 83,386,023.37 (735,931,237.66) (9,759,718.12) ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (123,937,047.57) 0.00 0.00 FUEL INVENTORY 516,346,182.67 (284,144,038.00) (3,243,735.91) MATERIALS & SUPPLIES 475,040,881.60 (830,000.00) 1,983,490.88 RISK MANAGEMENT ASSETS 766,383,790.69 (560,283,000.00) (11,583,450.00) MARGIN DEPOSITS 119,117,000.00 81,754,150.66 0.00 PREPAYMENTS 88,174,361.00 (13,750,000.00) (568,449.06) OTHER 39,487,147.92 (316,699,029.66) (9,469,005.84) ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 4,897,631,823.07 (1,318,077,300.72) (3,668,381,306.07) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 36,032,486,862.27 (2,324,221,268.27) 31,888.92 ACCUMULATED DEPRECIATION AND AMORTIZATION (14,004,035,037.48) 1,211,237,078.77 0.00 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 22,028,451,824.80 (1,112,984,189.51) 31,888.92 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 (982,394,078.70) 0.00 NON-UTILITY PROPERTY, NET (0.00) (130,249,808.38) 0.00 OTHER INVESTMENTS (0.00) (102,951,465.54) 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS (0.00) (1,215,595,352.62) 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 211,850,592.72 14,944,000.00 (7,815,934,503.58) REGULATORY ASSETS 3,901,486,743.39 21,455,094.31 0.00 FAS 109 DEFERRED FIT RECLASS (353,853,385.00) (86,009,596.00) 3,866,018.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 3,547,633,358.39 (64,554,501.69) 3,866,018.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 689,399,000.00 689,399,000.00 0.00 TOTAL GOODWILL 78,431,224.39 (15,000,000.00) 0.00 INTANGIBLE ASSETS 0.00 (34,166,945.96) 0.00 LONG-TERM RISK MANAGEMENT ASSETS 494,003,225.68 (274,252,000.00) (9,612,040.00) SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 982,395,000.00 982,395,000.00 0.00 OTHER DEFERRED DEBITS 362,704,783.90 25,871,000.00 (28,247,987.01) PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES (8,903,507.37) 0.00 (8,116,702.80) ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 353,801,276.53 25,871,000.00 (36,364,689.81) OTHER ASSETS TOTAL OTHER INVESTMENTS 243,263,414.99 (580,853,534.46) (732,222,899.57) TOTAL OTHER SPECIAL FUNDS (492.15) (125,383,921.30) 0.00 CLEARING ACCOUNTS 8,616,552.93 0.00 0.00 UNAMORTIZED DEBT EXPENSE 126,640,653.39 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 732,321,405.68 (680,366,455.76) (768,587,589.38) ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 3,081,420,763.58 3,081,420,763.58 0.00 TOTAL ASSETS $36,743,538,218.31 $53,162,017.32 ($12,258,617,532.11) ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $1,778,855,672.16 ($4,936,000.00) $0.00 SHORT-TERM DEBT 326,110,594.37 (9,217,000.00) 0.00 ADVANCES FROM AFFILIATES 24,488.96 41,152,737.28 (2,552,889,524.91) ACCOUNTS PAYABLE - GENERAL 1,329,122,768.00 (205,632,000.00) 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 7,810,543.62 0.00 (1,082,755,921.35) CUSTOMER DEPOSITS 379,427,662.35 0.00 0.00 TAXES ACCRUED 619,994,801.24 12,237,000.00 (173,903.00) INTEREST ACCRUED 207,373,909.25 (832,000.00) (9,759,717.64) RISK MANAGEMENT LIABILITIES 631,417,738.05 (782,392,000.00) (11,583,450.00) OBLIGATIONS UNDER CAPITAL LEASES 50,990,653.15 0.00 0.00 DIVIDENDS DECLARED 1,554,469.73 0.00 0.00 OTHER 649,484,904.31 (83,718,000.00) (12,712,741.75) ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 5,982,168,205.18 (1,033,337,262.72) (3,669,875,258.64) ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 335,252,271.27 (434,717,000.00) (9,612,040.00) DEFERRED INCOME TAXES 6,875,408,172.72 (1,000,000.00) (13,001,629.00) DEFERRED FIT & SIT RECLASS (2,918,581,864.87) 0.00 3,866,018.00 ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 3,956,826,307.85 (1,000,000.00) (9,135,611.00) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 (422,035,653.00) (7,179,522.00) ASSET REMOVAL COSTS 0.00 (582,397,338.00) 0.00 LONG-TERM DEBT 12,321,669,165.90 (20,918,000.00) (705,493,166.00) OVER-RECOVERY OF FUEL COST 0.00 (133,221,888.17) 0.00 OTHER REGULATORY LIABILTIES 0.00 (1,112,872,030.57) 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT (0.00) (301,163.17) 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 (15,504,774.00) 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES (0.00) (1,261,899,855.91) 0.00 TOTAL OTHER DEFERRED CREDITS (0.00) (208,077,036.18) (8,366,885.23) ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES (0.01) (1,469,976,892.09) (8,366,885.23) ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 (4,563,230.63) 0.00 DEFERRED GAIN ON SALE/LEASEBACK 175,653,947.00 (153,584.00) 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 (17,282,832.10) 0.00 DEFERRED CREDITS AND OTHER 507,777,607.80 507,777,607.80 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 2,259,110,905.01 2,259,110,905.01 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES (0.00) (130,929,334.91) (26,727,717.52) ACCUMULATED PROVISIONS - RATE REFUND 0.00 (112,780,000.00) 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 650,810,645.39 23,293,691.21 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 354.61 (1,035,860,050.67) 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 650,810,999.99 (1,256,275,694.37) (26,727,717.52) ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 667,238,000.00 667,238,000.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 76,055,000.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 60,794,000.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 2,626,106,684.50 0.00 (738,722,314.43) PREMIUM ON CAPITAL STOCK 0.00 (3,078,712,964.32) (263,880,640.79) PAID-IN CAPITAL 4,183,712,284.87 3,323,551,843.57 (5,737,031,250.15) RETAINED EARNINGS 1,489,818,784.90 0.00 (1,082,593,126.35) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (425,463,000.00) (242,838,879.25) 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 7,874,174,754.27 2,000,000.00 (7,822,227,331.72) ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 (16,314,062.62) 0.00 LIABILITIES HELD FOR SALE 1,876,007,054.04 1,876,007,054.04 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $36,743,538,218.31 $53,162,017.32 ($12,258,617,532.11) ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- AMERICAN ELECTRIC DESCRIPTION AMERICAN ELECTRIC POWER SERVICE AEP TEXAS POWER COMPANY CORPORATION POLR, LLC --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $874,882,360.38 $1,620,780.82 $32,307.61 ADVANCES TO AFFILIATES 1,877,368,555.65 0.00 2,123,784.59 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 34,506.21 13,860,385.18 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 35,599,750.45 183,880,115.56 17,837.62 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 10,235,271.19 7,387,243.48 575.19 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 (13,666,029.53) FUEL INVENTORY 0.00 0.00 0.00 MATERIALS & SUPPLIES 0.00 0.00 0.00 RISK MANAGEMENT ASSETS 4,741,666.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 2,477,262.55 2,702,506.73 0.00 OTHER 0.00 15,483,500.30 0.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 2,805,304,866.22 211,108,653.10 2,368,860.66 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 1,490,374.58 332,510,394.31 7,933.80 ACCUMULATED DEPRECIATION AND AMORTIZATION (146,738.09) (174,465,146.83) (1,586.76) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 1,343,636.49 158,045,247.48 6,347.04 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 7,818,808,133.58 0.00 0.00 REGULATORY ASSETS 0.00 2,246,120.39 0.00 FAS 109 DEFERRED FIT RECLASS 2,143,686.00 (9,293,001.00) 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 2,143,686.00 (7,046,880.61) 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 37,060,693.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 16,543,452.56 878,249.38 0.61 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 16,543,452.56 878,249.38 0.61 OTHER ASSETS TOTAL OTHER INVESTMENTS 693,312,196.63 108,519,737.38 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 148.92 0.00 0.00 UNAMORTIZED DEBT EXPENSE 9,516,620.91 26,067.89 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 719,372,419.02 109,424,054.65 0.61 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $11,384,033,434.31 $471,531,074.63 $2,375,208.31 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $10,864,980.40 $2,000,000.00 $0.00 SHORT-TERM DEBT 281,824,000.00 0.00 0.00 ADVANCES FROM AFFILIATES 615,164,169.95 117,116,333.17 10,068,256.61 ACCOUNTS PAYABLE - GENERAL 102,213.89 23,685,339.64 1,367.68 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 27,192,233.60 75,296,900.44 41,042.18 CUSTOMER DEPOSITS 0.00 0.00 115,687.00 TAXES ACCRUED 858,226.00 (15,927,070.00) (221,498.00) INTEREST ACCRUED 18,094,228.16 4,123,566.66 0.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 14,512,740.14 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 46,776,183.63 129,984,638.87 218,653.52 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 1,000,876,235.63 350,792,448.92 10,223,508.99 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 1,191,714.00 0.00 0.00 DEFERRED INCOME TAXES 4,629,131.00 46,886,129.00 2,777.00 DEFERRED FIT & SIT RECLASS (524,783.00) (118,819,947.00) (1,243,259.00) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 4,104,348.00 (71,933,818.00) (1,240,482.00) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 749,470.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 2,077,054,552.59 40,000,000.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 0.00 3,974,172.92 0.00 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 3,974,172.92 0.00 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 0.00 22,373,464.60 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 206,248,935.18 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 0.00 228,622,399.78 0.00 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 2,626,106,684.50 1,350,000.00 0.00 PREMIUM ON CAPITAL STOCK 3,342,414,929.23 0.00 0.00 PAID-IN CAPITAL 842,465,913.67 (82,023,599.00) 0.00 RETAINED EARNINGS 1,489,819,056.68 0.01 (6,607,818.69) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 8,300,806,584.08 (80,673,598.99) (6,607,818.69) ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $11,384,033,434.31 $471,531,074.63 $2,375,208.31 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP MONEY AEP GENERATING CENTRAL COAL POOL COMPANY COMPANY --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $0.00 $0.00 $0.00 ADVANCES TO AFFILIATES 0.00 0.00 575,865.68 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 65,127,883.78 24,748,031.64 132.00 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00 FUEL INVENTORY (0.00) 20,139,220.44 0.00 MATERIALS & SUPPLIES 0.00 5,418,466.76 0.00 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 0.00 0.00 0.00 OTHER 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 65,127,883.78 50,305,718.83 575,997.68 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 0.00 674,054,374.71 715,282.00 ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 (351,061,609.66) (14,436.00) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 0.00 322,992,765.06 700,846.00 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 0.00 119,589.14 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 119,589.14 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00 REGULATORY ASSETS 0.00 5,660,896.15 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 0.00 5,660,896.15 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 2,287,714.64 523,707.38 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 2,287,714.64 523,707.38 0.00 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 442,379.08 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 2,287,714.64 966,086.46 0.00 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $67,415,598.42 $380,045,055.64 $1,276,843.68 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 18,752,273.28 36,891,737.11 0.00 ACCOUNTS PAYABLE - GENERAL 0.00 498,599.57 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 48,663,325.10 15,910,829.12 137,428.15 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED 0.00 6,069,751.94 6,490.00 INTEREST ACCRUED 0.00 911,250.00 0.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 86,778.80 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 0.00 4,963,305.52 82,907.78 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 67,415,598.38 65,332,252.06 226,825.93 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 DEFERRED INCOME TAXES 0.00 94,135,552.00 34,643.00 DEFERRED FIT & SIT RECLASS 0.00 (69,806,845.00) (717,517.00) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 0.00 24,328,707.00 (682,874.00) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 49,588,612.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 0.00 44,810,865.94 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 27,822,062.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 15,504,774.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 43,326,836.00 0.00 TOTAL OTHER DEFERRED CREDITS 0.01 0.00 0.00 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 0.01 43,326,836.00 0.00 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 105,475,421.99 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 0.00 182,195.41 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 1,125,272.65 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 0.00 527,720.72 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 0.00 1,307,468.06 527,720.72 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 0.00 1,000,000.00 3,000.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 0.00 23,434,000.00 1,202,171.00 RETAINED EARNINGS 0.03 21,440,892.59 0.03 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 0.03 45,874,892.59 1,205,171.03 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $67,415,598.42 $380,045,055.64 $1,276,843.68 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP T&D INDIANA FRANKLIN FRANKLIN REAL SERVICES, LLC REALTY, INC. ESTATE COMPANY --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $0.00 $0.00 $0.00 ADVANCES TO AFFILIATES 0.00 0.00 240,169.54 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 10,358.44 33,447.01 (211,825.99) ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 152,261.99 0.00 98,813.78 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00 FUEL INVENTORY 0.00 0.00 0.00 MATERIALS & SUPPLIES 0.01 0.00 0.00 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 3,448.66 0.00 0.00 OTHER 481.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 166,550.10 33,447.01 127,157.33 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 23,450.51 0.00 0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (4,453.46) 0.00 0.00 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 18,997.05 0.00 0.00 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 1,000.00 REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 8.92 0.00 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 8.92 0.00 0.00 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 11.00 11.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 8.92 11.00 11.00 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $185,556.07 $33,458.01 $128,168.33 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 223,852.95 17,221.37 0.00 ACCOUNTS PAYABLE - GENERAL 57.44 0.00 249.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 52,036.29 119.09 102.79 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED (13,813.00) 0.00 195.00 INTEREST ACCRUED 0.00 0.00 0.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 13,810.90 15,103.56 48,856.18 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 275,944.58 32,444.02 49,402.97 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 DEFERRED INCOME TAXES 6,648.00 0.00 0.00 DEFERRED FIT & SIT RECLASS (484.00) 0.00 0.00 ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 6,164.00 0.00 0.00 ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 0.00 0.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 0.00 14.00 48,796.50 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 14.00 48,796.50 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 2,769.27 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 2,769.27 0.00 0.00 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 0.00 1,000.00 10,000.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL (1,032.00) 0.00 0.00 RETAINED EARNINGS (98,289.78) (0.01) 19,968.86 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY (99,321.78) 999.99 29,968.86 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $185,556.07 $33,458.01 $128,168.33 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- APPALACHIAN POWER COLUMBUS SOUTHERN INDIANA MICHIGAN DESCRIPTION COMPANY POWER COMPANY POWER COMPANY CONSOLIDATED CONSOLIDATED CONSOLIDATED --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $45,880,666.27 $4,142,432.16 $3,913,780.56 ADVANCES TO AFFILIATES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 133,716,961.09 47,098,947.82 61,083,821.63 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 137,281,246.61 68,168,358.88 124,826,019.97 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 35,020,281.49 23,722,456.95 2,000,068.39 ACCOUNTS RECEIVABLE - MISCELLANEOUS 3,961,188.95 5,256,826.22 4,498,304.57 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,085,327.62) (531,483.10) (531,487.62) FUEL INVENTORY 42,806,440.47 14,364,800.66 33,967,999.70 MATERIALS & SUPPLIES 71,977,745.12 44,376,806.74 105,328,541.58 RISK MANAGEMENT ASSETS 71,189,275.85 40,095,004.24 44,071,259.67 MARGIN DEPOSITS 11,524,954.90 6,636,268.45 7,245,494.99 PREPAYMENTS 6,782,863.88 8,341,261.47 5,731,502.81 OTHER 6,517,480.00 4,102,393.00 4,941,140.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 564,573,777.02 265,774,073.48 397,076,446.26 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 6,140,930,644.39 3,570,443,772.21 5,306,182,181.52 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,321,359,209.92) (1,389,586,507.63) (2,490,912,459.57) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 3,819,571,434.47 2,180,857,264.58 2,815,269,721.95 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 982,394,078.70 NON-UTILITY PROPERTY, NET 20,574,430.78 22,417,574.08 52,302,710.78 OTHER INVESTMENTS 26,064,029.59 8,232,793.95 43,796,994.81 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 46,638,460.37 30,650,368.03 1,078,493,784.29 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 603,868.00 430,000.00 0.00 REGULATORY ASSETS 446,327,739.76 255,480,401.79 349,254,126.72 FAS 109 DEFERRED FIT RECLASS (29,131,302.00) (12,296,669.00) (72,977,329.00) ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 417,196,437.76 243,183,732.79 276,276,797.72 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 70,899,438.64 39,932,076.92 43,768,348.63 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 49,647,884.72 71,551,108.63 36,204,045.08 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 49,647,884.72 71,551,108.63 36,204,045.08 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 158,833.16 57.87 0.00 UNAMORTIZED DEBT EXPENSE 7,721,257.00 5,986,961.53 11,981,425.14 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 57,527,974.89 77,538,128.03 48,185,470.22 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $4,977,011,391.15 $2,838,365,643.83 $4,659,070,569.07 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $161,008,387.76 $11,000,000.00 $205,000,000.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 82,994,492.48 6,516,507.98 98,821,518.88 ACCOUNTS PAYABLE - GENERAL 140,497,345.72 58,219,859.77 101,776,021.61 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 81,812,226.37 53,571,895.14 47,483,810.79 CUSTOMER DEPOSITS 33,929,606.82 19,727,363.58 21,954,513.91 TAXES ACCRUED 50,258,565.75 132,853,280.48 42,189,106.92 INTEREST ACCRUED 22,112,796.08 16,528,117.07 17,962,933.11 RISK MANAGEMENT LIABILITIES 51,429,954.00 28,966,379.38 31,898,490.87 OBLIGATIONS UNDER CAPITAL LEASES 9,217,759.36 4,220,839.94 6,527,938.79 DIVIDENDS DECLARED 186,190.92 (0.00) 1,089,389.03 OTHER 60,102,649.59 25,364,137.62 56,586,413.96 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 693,549,974.85 356,968,380.96 631,290,137.87 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 54,326,567.66 30,597,885.62 33,537,420.82 DEFERRED INCOME TAXES 1,008,854,037.88 546,259,293.00 940,358,147.00 DEFERRED FIT & SIT RECLASS (205,498,809.48) (87,760,993.00) (602,982,549.00) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 803,355,228.40 458,498,300.00 337,375,598.00 ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 30,544,863.00 30,796,639.00 90,278,100.00 ASSET REMOVAL COSTS 92,497,334.00 99,118,885.00 263,014,780.00 LONG-TERM DEBT 1,703,072,765.43 886,564,409.59 1,134,358,851.38 OVER-RECOVERY OF FUEL COST 68,704,458.11 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 276,948,842.49 UNAMORTIZED GAIN ON REACQUIRED DEBT 43,054.00 0.00 34,223.72 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 68,747,512.11 0.00 276,983,066.21 TOTAL OTHER DEFERRED CREDITS 13,041,424.25 15,864,536.26 27,878,885.11 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 81,788,936.36 15,864,536.26 304,861,951.32 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 250,000.00 4,263,378.85 DEFERRED GAIN ON SALE/LEASEBACK 88,288.00 0.00 70,178,525.01 UNREALIZED GAIN ON FORWARD COMMITMENTS 17,282,832.10 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 16,134,017.39 11,396,660.35 31,315,130.69 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 21,776,104.85 8,739,918.67 553,219,318.01 ACCUMULATED PROVISIONS - MISCELLANEOUS 102,462,814.22 41,689,669.16 55,783,588.26 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 140,372,936.45 61,826,248.18 640,318,036.96 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 5,360,000.00 0.00 63,445,000.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 17,783,900.00 0.00 8,101,100.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 260,457,768.00 41,026,065.00 56,583,866.43 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 719,899,208.64 576,399,735.58 858,694,392.60 RETAINED EARNINGS 408,718,478.89 326,781,977.65 187,875,312.84 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (52,087,690.64) (46,327,419.00) (25,105,883.00) ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 1,336,987,764.89 897,880,359.23 1,078,047,688.86 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $4,977,011,391.15 $2,838,365,643.83 $4,659,070,569.07 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION KENTUCKY POWER KINGSPORT POWER OHIO POWER COMPANY COMPANY COMPANY CONSOLIDATED --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $886,067.16 $127,580.55 $58,250,285.59 ADVANCES TO AFFILIATES 0.00 0.00 67,918,020.70 ACCOUNTS RECEIVABLE - CUSTOMERS 21,177,464.00 2,073,503.63 100,959,701.41 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 25,327,057.84 316,158.42 120,531,929.50 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 5,533,840.37 690,520.70 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 97,063.93 10,369.54 736,175.32 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (736,031.99) (5,793.79) (789,244.62) FUEL INVENTORY 9,481,117.33 0.00 77,725,300.56 MATERIALS & SUPPLIES 16,584,927.95 145,822.97 92,135,723.09 RISK MANAGEMENT ASSETS 16,199,996.44 0.00 56,265,271.44 MARGIN DEPOSITS 2,659,669.31 0.00 9,296,461.69 PREPAYMENTS 669,689.75 1,016,986.80 10,033,003.21 OTHER 1,026,407.00 162,779.00 23,070,436.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 98,907,269.08 4,537,927.82 616,133,063.88 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 1,349,746,447.93 103,956,347.62 6,531,314,842.29 ACCUMULATED DEPRECIATION AND AMORTIZATION (381,876,499.59) (39,808,999.60) (2,485,946,974.37) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 967,869,948.33 64,147,348.02 4,045,367,867.92 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 5,423,079.77 104,715.06 29,290,897.77 OTHER INVESTMENTS 1,021,507.17 190,587.50 23,617,149.88 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 6,444,586.94 295,302.56 52,908,047.65 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 646,814.00 REGULATORY ASSETS 121,642,709.67 6,047,997.42 528,709,342.44 FAS 109 DEFERRED FIT RECLASS (7,843,401.00) (413,527.00) (16,391,744.00) ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 113,799,308.67 5,634,470.42 512,317,598.44 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 16,134,242.13 0.00 52,824,714.92 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 13,948,213.25 375,104.61 83,829,359.11 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 13,948,213.25 375,104.61 83,829,359.11 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.01 UNAMORTIZED DEBT EXPENSE 4,530,228.54 2,777.70 10,489,950.22 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 18,478,441.79 377,882.31 94,319,309.33 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $1,221,633,796.94 $74,992,931.12 $5,374,517,416.14 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $20,000,000.00 $431,853,659.00 SHORT-TERM DEBT 0.00 0.00 25,940,955.49 ADVANCES FROM AFFILIATES 38,095,519.39 3,407,788.16 0.00 ACCOUNTS PAYABLE - GENERAL 22,802,341.50 284,539.47 104,873,746.12 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 22,647,841.61 6,157,408.25 101,758,140.78 CUSTOMER DEPOSITS 9,894,337.18 1,706,672.45 17,308,672.65 TAXES ACCRUED 7,329,064.07 1,526,283.12 132,792,835.06 INTEREST ACCRUED 6,915,363.28 899,178.07 45,678,727.12 RISK MANAGEMENT LIABILITIES 11,703,584.83 0.00 38,318,638.79 OBLIGATIONS UNDER CAPITAL LEASES 1,742,670.84 321,360.42 9,623,896.48 DIVIDENDS DECLARED 0.00 0.00 102,240.39 OTHER 8,628,745.47 1,239,758.44 71,539,599.75 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 129,759,468.17 35,542,988.38 979,791,111.64 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 12,362,838.56 0.00 40,476,845.18 DEFERRED INCOME TAXES 247,385,404.06 14,183,936.00 1,090,202,075.16 DEFERRED FIT & SIT RECLASS (35,264,271.00) (3,235,753.00) (156,619,782.24) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 212,121,133.06 10,948,183.00 933,582,292.92 ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 7,954,776.00 578,524.00 15,640,519.00 ASSET REMOVAL COSTS 26,140,023.00 325,484.00 101,159,548.00 LONG-TERM DEBT 487,601,625.00 0.00 1,608,085,249.04 OVER-RECOVERY OF FUEL COST 1,418,030.00 0.00 0.00 OTHER REGULATORY LIABILTIES 9,173,641.46 0.00 3,288.73 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 10,591,671.46 0.00 3,288.73 TOTAL OTHER DEFERRED CREDITS 365,734.36 113,809.19 23,222,475.75 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 10,957,405.82 113,809.19 23,225,764.48 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 49,851.78 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 65,296.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 3,548,992.91 332,106.09 25,063,582.41 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 42,656,340.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 13,999,494.26 1,711,675.27 100,601,508.71 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 17,548,487.17 2,043,781.36 168,321,431.12 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 7,250,000.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 16,645,400.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 50,450,000.00 4,100,000.00 321,201,454.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 208,750,000.00 13,800,000.00 462,483,651.86 RETAINED EARNINGS 64,150,582.93 9,108,473.19 729,146,667.84 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (6,212,394.55) (1,633,608.00) (48,806,581.56) ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 317,138,188.38 25,374,865.20 1,464,025,192.14 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 16,314,062.62 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $1,221,633,796.94 $74,992,931.13 $5,374,517,416.14 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION WHEELING POWER COMPANY AEP INVESTMENTS, INC. AEP RESOURCES, INC. --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $205,027.27 $80,225.49 $57,049,002.63 ADVANCES TO AFFILIATES 1,226,515.89 0.00 229,081,580.48 ACCOUNTS RECEIVABLE - CUSTOMERS 5,837,715.17 0.00 17,762,271.02 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 306,602.12 0.00 93,113,583.95 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 2,318,153.48 0.00 336,299,012.58 ACCOUNTS RECEIVABLE - MISCELLANEOUS 6,411.81 568,207.00 606,683,303.18 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (112,784.90) (550,000.00) (47,817,622.41) FUEL INVENTORY 0.00 0.00 506,077,697.58 MATERIALS & SUPPLIES 99,457.88 0.00 5,864,314.63 RISK MANAGEMENT ASSETS 0.00 0.00 1,004,488,321.21 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 183,602.12 8,359.00 31,574,775.54 OTHER 206,876.00 0.00 295,408,597.90 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 10,277,576.84 106,791.49 3,135,584,838.28 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 111,841,131.94 393,065.36 1,306,419,865.56 ACCUMULATED DEPRECIATION AND AMORTIZATION (48,126,022.15) (87,697.33) (170,043,280.03) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 63,715,109.79 305,368.03 1,136,376,585.53 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 16,811.00 0.00 0.00 OTHER INVESTMENTS 28,402.64 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 45,213.64 0.00 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 36,332,221.90 71,984,503.85 REGULATORY ASSETS 10,603,434.53 0.00 0.00 FAS 109 DEFERRED FIT RECLASS (268,418.00) 0.00 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 10,335,016.53 0.00 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 53,708,031.39 INTANGIBLE ASSETS 0.00 0.00 3,556,975.07 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 510,274,747.58 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 1,912,996.68 21,358,217.03 11,905,899.21 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 1,912,996.68 21,358,217.03 11,905,899.21 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 10,942,380.58 2,707,703.55 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 27,153.38 UNAMORTIZED DEBT EXPENSE 2,777.77 0.00 8,079,606.60 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 1,915,774.45 32,300,597.61 22,720,362.75 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $86,288,691.25 $69,044,979.04 $4,934,206,044.45 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $20,000,000.00 $0.00 $400,367,264.10 SHORT-TERM DEBT 0.00 0.00 9,217,090.88 ADVANCES FROM AFFILIATES 0.00 10,356,561.62 844,725,973.48 ACCOUNTS PAYABLE - GENERAL 232,478.93 14,850.00 819,964,997.05 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 5,051,225.36 58,265,441.71 260,725,919.54 CUSTOMER DEPOSITS 827,331.72 0.00 220,258,672.17 TAXES ACCRUED 3,555,435.33 (70,497.00) 55,699,330.44 INTEREST ACCRUED 577,566.19 0.00 18,036,689.91 RISK MANAGEMENT LIABILITIES 0.00 0.00 1,183,366,738.21 OBLIGATIONS UNDER CAPITAL LEASES 291,766.63 0.00 190,685.31 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 1,427,025.71 56,606.29 129,830,441.92 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 31,962,829.87 68,622,962.62 3,942,383,803.02 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 589,954,994.27 DEFERRED INCOME TAXES 19,468,992.00 (504,610.00) 235,555,617.22 DEFERRED FIT & SIT RECLASS (5,146,430.00) (4,677,056.05) (938,049,078.03) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 14,322,562.00 (5,181,666.05) (702,493,460.81) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 340,443.00 0.00 0.00 ASSET REMOVAL COSTS 141,284.00 0.00 0.00 LONG-TERM DEBT 0.00 0.00 957,767,719.84 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 111,662.01 0.00 47,834,041.88 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 111,662.01 0.00 47,834,041.88 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 518,198.03 0.00 211,369.25 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 5,140,547.92 0.00 49,990,839.89 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 5,658,745.95 0.00 50,202,209.14 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 2,428,460.00 100.00 300.00 PREMIUM ON CAPITAL STOCK 0.00 9,900.00 9,900.00 PAID-IN CAPITAL 15,595,573.00 40,066,111.09 2,035,591,842.17 RETAINED EARNINGS 18,177,675.41 (34,472,428.62) (1,987,045,305.05) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (2,450,544.00) 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 33,751,164.41 5,603,682.47 48,556,737.12 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $86,288,691.25 $69,044,979.04 $4,934,206,044.45 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- AEP UTILITIES DESCRIPTION AEP INCORPORATED AEP C&I COMMUNICATIONS, INC. CONSOLIDATED COMPANY, LLC --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $0.00 $129,782,942.65 $32,265.98 ADVANCES TO AFFILIATES 1,147,801.63 233,070,918.52 46,361,054.34 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 (91,822,041.42) 34,441,612.54 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 446,137.97 494,670,329.62 20,116,870.07 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 62,190,798.22 12,339,100.90 ACCOUNTS RECEIVABLE - MISCELLANEOUS 11,412,624.70 121,732,542.38 1,191,775.54 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (9,604,168.51) (23,153,255.85) (22,670,403.08) FUEL INVENTORY 0.00 93,137,113.44 0.00 MATERIALS & SUPPLIES 2,320,463.05 129,635,120.96 0.00 RISK MANAGEMENT ASSETS 0.00 70,691,758.14 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 0.01 31,638,120.69 0.00 OTHER 346.00 14,017,092.99 717,654.24 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 5,723,204.85 1,265,591,440.34 92,529,930.53 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 14,737,368.20 12,692,836,758.28 542,760.09 ACCUMULATED DEPRECIATION AND AMORTIZATION (143,675.30) (5,322,076,807.01) (5,809.43) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 14,593,692.90 7,370,759,951.27 536,950.66 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 52,891,934.48 31,142,620.49 0.00 REGULATORY ASSETS 0.00 2,154,058,880.21 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 (125,238,102.00) 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 0.00 2,028,820,778.21 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 2,662,500.00 0.00 INTANGIBLE ASSETS 0.00 21,736,066.16 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 33,425,251.75 0.00 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 170,525.17 53,249,605.08 (4,000.02) PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 (786,804.57) 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 170,525.17 52,462,800.51 (4,000.02) OTHER ASSETS TOTAL OTHER INVESTMENTS (56,538,926.00) 797,396,734.88 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 125,383,429.15 0.00 CLEARING ACCOUNTS 0.00 11,687,875.88 0.00 UNAMORTIZED DEBT EXPENSE 666,882.04 67,193,718.97 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS (55,701,518.79) 1,054,124,559.39 (4,000.02) ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $17,507,313.44 $11,808,263,167.62 $93,062,881.17 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $513,710,800.68 $0.00 SHORT-TERM DEBT 0.00 18,345,548.00 0.00 ADVANCES FROM AFFILIATES 92,185,472.61 347,809,521.73 27,022,035.12 ACCOUNTS PAYABLE - GENERAL 27,256.88 225,052,317.85 2,571,754.87 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 1,225,589.31 155,582,539.32 67,807,808.99 CUSTOMER DEPOSITS 1,300.00 52,485,476.96 984,027.91 TAXES ACCRUED (1,540,684.23) 173,168,685.74 (273,774.11) INTEREST ACCRUED 0.00 64,598,382.56 94,884.92 RISK MANAGEMENT LIABILITIES 0.00 50,982,438.10 0.00 OBLIGATIONS UNDER CAPITAL LEASES 26,569.86 4,220,302.13 0.00 DIVIDENDS DECLARED 0.00 176,649.39 0.00 OTHER 697,335.08 171,851,126.07 1,885,054.33 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 92,622,839.51 1,777,983,788.52 100,091,792.03 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 12,022,577.16 0.00 DEFERRED INCOME TAXES 10,181,050.00 2,573,021,589.40 9,058.00 DEFERRED FIT & SIT RECLASS (53,223,461.00) (569,164,461.00) (8,610,804.00) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES (43,042,411.00) 2,003,857,128.40 (8,601,746.00) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 202,743,229.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 99,855,600.11 3,895,446,089.03 0.00 OVER-RECOVERY OF FUEL COST 0.00 63,099,400.06 0.00 OTHER REGULATORY LIABILTIES 0.00 798,924,195.89 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 223,885.45 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 862,247,481.40 0.00 TOTAL OTHER DEFERRED CREDITS 10,162,201.04 66,937,011.58 1,178,864.35 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 10,162,201.04 929,184,492.98 1,178,864.35 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 26,728,878.78 19,846,727.28 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 112,780,000.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 422,839.76 403,087,489.88 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 27,151,718.54 535,714,217.16 0.00 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 18,263,600.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 100.00 1.00 0.00 PREMIUM ON CAPITAL STOCK 9,900.00 148,975.88 0.00 PAID-IN CAPITAL 23,982,725.00 844,503,947.54 (5,727,771.11) RETAINED EARNINGS (193,235,359.76) 1,588,395,120.94 6,121,741.90 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY (169,242,634.76) 2,433,048,045.36 393,970.79 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $17,507,313.44 $11,808,263,167.62 $93,062,881.17 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP DESERT AEP DESERT SKY LP, LLC SKY LP II, LLC AEP COAL, INC --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $0.00 $14,991,266.62 $2,627,260.97 ADVANCES TO AFFILIATES 60,386,697.71 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 406,975.47 57,362,933.20 3,962,495.04 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 1,798,919.42 11,687,508.64 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00 FUEL INVENTORY 0.00 0.00 6,034,266.41 MATERIALS & SUPPLIES 0.00 0.00 0.00 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS (0.00) 220,690.11 655,568.77 OTHER 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 60,793,673.18 74,373,809.35 24,967,099.83 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 100,239.23 180,228,580.98 35,660,277.75 ACCUMULATED DEPRECIATION AND AMORTIZATION (3,459.10) (17,930,644.68) (20,906,905.06) ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 96,780.13 162,297,936.30 14,753,372.69 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00 REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS 765,558.30 (765,558.30) 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS 765,558.30 (765,558.30) 0.00 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS 765,558.30 (765,558.30) 0.00 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $61,656,011.60 $235,906,187.35 $39,720,472.52 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $7,986,580.22 $0.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 19,527,579.83 60,386,697.71 70,547,472.54 ACCOUNTS PAYABLE - GENERAL 0.00 193,345.26 3,964,462.09 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 44,718,575.35 9,255,896.01 4,044,794.06 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED (3,806,193.00) 1,396,439.00 3,869,525.62 INTEREST ACCRUED 0.00 944,370.61 0.00 RISK MANAGEMENT LIABILITIES 0.00 3,785,728.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 0.00 3,950,000.00 22,184,960.85 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 60,439,962.18 87,899,056.81 104,611,215.16 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 835,402.00 0.00 DEFERRED INCOME TAXES 374,545.00 42,124,735.00 12,353,074.00 DEFERRED FIT & SIT RECLASS (16,174.00) (1,601,222.00) (51,019,240.07) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 358,371.00 40,523,513.00 (38,666,166.07) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 0.00 105,962,603.94 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 0.00 0.00 120,092.80 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 0.00 120,092.80 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 848,771.68 53,049,811.15 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 0.00 848,771.68 53,049,811.15 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 0.00 0.00 100.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 16,174.00 (3,019,908.00) 0.00 RETAINED EARNINGS 841,504.42 2,856,747.92 (79,394,580.52) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 857,678.42 (163,160.08) (79,394,480.52) ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $61,656,011.60 $235,906,187.35 $39,720,472.52 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION AEP POWER MUTUAL MARKETING, INC AEP PRO SERV, INC ENERGY LLC --------------------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $0.00 $802,277.24 $0.00 ADVANCES TO AFFILIATES 0.00 28,279,811.44 8,435,322.76 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 151,308.56 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 23,154,475.01 69,044.57 0.00 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 289,099.92 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 19,051,440.87 22,510,151.45 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 (1,683,414.55) 0.00 FUEL INVENTORY 0.00 (0.00) 0.00 MATERIALS & SUPPLIES 0.00 (0.01) 0.00 RISK MANAGEMENT ASSETS 30,507,687.70 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 0.00 453,167.96 0.00 OTHER 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL CURRENT ASSETS 72,713,603.58 50,720,138.02 8,586,631.32 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 18.56 2,540,129.83 0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 (763,194.69) 0.00 ---------------------- ---------------------- ---------------------- ELECTRIC UTILITY PLANT - NET 18.56 1,776,935.14 0.00 ---------------------- ---------------------- ---------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 0.00 0.00 0.00 NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00 REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- NET REGULATORY ASSETS 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 TOTAL GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 8,873,904.73 0.00 LONG-TERM RISK MANAGEMENT ASSETS 10,608,445.11 0.00 0.00 SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00 OTHER DEFERRED DEBITS (0.00) 471,698.23 227,980.66 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER DEFERRED DEBITS (0.00) 471,698.23 227,980.66 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 (3,257,516.30) 0.00 UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER ASSETS (0.00) (2,785,818.07) 227,980.66 ---------------------- ---------------------- ---------------------- ASSETS HELD FOR SALE 0.00 0.00 0.00 TOTAL ASSETS $83,322,067.25 $58,585,159.81 $8,814,611.98 ====================== ====================== ====================== LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 11,130,290.62 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 16,629,141.41 12,871,798.03 490,684.22 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 1,852,266.38 1,060,931.82 250,137.40 CUSTOMER DEPOSITS 234,000.00 0.00 0.00 TAXES ACCRUED 3,571,932.00 14,720,920.11 (80,833.00) INTEREST ACCRUED 0.00 487,573.15 0.00 RISK MANAGEMENT LIABILITIES 24,941,235.87 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 7,344.45 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 1,884,150.98 4,500,647.90 2,083,532.15 ---------------------- ---------------------- ---------------------- TOTAL CURRENT LIABILITIES 60,243,017.26 33,649,215.46 2,743,520.77 ---------------------- ---------------------- ---------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 4,275,066.00 0.00 0.00 DEFERRED INCOME TAXES 4,164,941.00 (308,211.00) 31,248.00 DEFERRED FIT & SIT RECLASS (238.00) (7,556,998.00) (907,728.00) ---------------------- ---------------------- ---------------------- NET DEFERRED INCOME TAXES 4,164,703.00 (7,865,209.00) (876,480.00) ---------------------- ---------------------- ---------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 0.00 7,500,000.01 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 0.00 5,590,199.40 0.00 ---------------------- ---------------------- ---------------------- DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 5,590,199.40 0.00 ---------------------- ---------------------- ---------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 DEFERRED CREDITS AND OTHER 0.00 0.00 0.00 REGULATORY LIABILITIES AND DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OTHER NONCURRENT LIABILITIES OBLIGATIONS UNDER CAPITAL LEASES 0.00 5,729.24 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS AND NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 291,929.96 0.00 ---------------------- ---------------------- ---------------------- TOTAL OTHER NONCURRENT LIABILITIES 0.00 297,659.20 0.00 ---------------------- ---------------------- ---------------------- EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCKS OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON SHAREHOLDERS' EQUITY COMMON STOCK 100.00 110,000.00 0.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 0.00 21,078,555.41 0.00 RETAINED EARNINGS 14,639,180.99 (1,775,260.67) 6,947,571.21 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ---------------------- ---------------------- ---------------------- COMMON SHAREHOLDERS' EQUITY 14,639,280.99 19,413,294.74 6,947,571.21 ---------------------- ---------------------- ---------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE 0.00 0.00 0.00 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $83,322,067.25 $58,585,159.81 $8,814,611.98 ====================== ====================== ======================
Item 10 - Consolidating Balance Sheets AEP UTILITIES, INCORPORATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------- AEP UTILITIES AEP UTILITIES INCORPORATED SEC REPORTING INCORPORATED DESCRIPTION CONSOLIDATED ADJUSTMENTS ELIMINATIONS ---------------------------------------------------------------------------------------------------------------------- ASSETS: CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $129,782,942.65 $0.00 $0.00 ADVANCES TO AFFILIATES 233,070,918.52 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS (91,822,041.42) (86,670,996.71) 106,666,935.86 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 494,670,329.62 0.00 (202,279,955.01) ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 62,190,798.22 34,243,095.12 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 121,732,542.38 86,670,996.71 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (23,153,255.85) 0.00 0.00 FUEL INVENTORY 93,137,113.44 0.00 0.00 MATERIALS & SUPPLIES 129,635,120.96 35,244,199.00 0.00 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 (35,564,491.32) 0.00 RISK MANAGEMENT ASSETS 70,691,758.14 0.00 0.00 MARGIN DEPOSITS 0.00 (13,989,459.94) 0.00 PREPAYMENTS 31,638,120.69 0.00 (281,290.64) OTHER 14,017,092.99 13,989,459.94 0.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 1,265,591,440.34 33,922,802.80 (95,894,309.79) ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 12,692,836,758.28 2,267,407,476.78 0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (5,322,076,807.01) (1,437,575,286.56) 0.00 ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT - NET 7,370,759,951.27 829,832,190.22 0.00 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 0.00 (11,027,324.15) 0.00 OTHER INVESTMENTS 0.00 (11,478,125.42) 0.00 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 (22,505,449.57) 0.00 ------------------- ------------------- ------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 31,142,620.49 0.00 (2,590,732,522.41) REGULATORY ASSETS 2,154,058,880.21 86,868,170.17 0.00 FAS 109 DEFERRED FIT RECLASS (125,238,102.00) (57,242,684.00) 0.00 ------------------- ------------------- ------------------- NET REGULATORY ASSETS 2,028,820,778.21 29,625,486.17 0.00 ------------------- ------------------- ------------------- GOODWILL 2,662,500.00 0.00 0.00 INTANGIBLE ASSETS 21,736,066.16 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 33,425,251.75 0.00 0.00 OTHER ASSETS TOTAL OTHER INVESTMENTS 797,396,734.88 11,478,125.42 0.00 TOTAL OTHER SPECIAL FUNDS 125,383,429.15 125,383,429.15 0.00 CLEARING ACCOUNTS 11,687,875.88 0.00 0.00 UNAMORTIZED DEBT EXPENSE 67,193,718.97 0.00 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES (786,804.57) 0.00 (786,804.57) OTHER DEFERRED DEBITS 53,249,605.08 0.00 (2,702,220.08) ------------------- ------------------- ------------------- TOTAL OTHER ASSETS 1,054,124,559.39 136,861,554.57 (3,489,024.65) ------------------- ------------------- ------------------- ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 (1,028,134,000.00) 0.00 TOTAL ASSETS $11,808,263,167.62 ($20,397,415.81) ($2,690,115,856.85) =================== =================== =================== CAPITALIZATION AND LIABILITIES: CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $513,710,800.68 $0.00 $0.00 SHORT-TERM DEBT 18,345,548.00 0.00 0.00 ADVANCES FROM AFFILIATES 347,809,521.73 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 225,052,317.85 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 155,582,539.32 34,243,095.12 (95,551,686.89) CUSTOMER DEPOSITS 52,485,476.96 0.00 0.00 TAXES ACCRUED 173,168,685.74 0.00 0.00 INTEREST ACCRUED 64,598,382.56 (5,942,632.51) 0.00 RISK MANAGEMENT LIABILITIES 50,982,438.10 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 4,220,302.13 0.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 (4,177,623.56) 0.00 DIVIDENDS DECLARED 176,649.39 0.00 (268,284.66) OTHER 171,851,126.07 10,375,595.36 0.00 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 1,777,983,788.52 34,498,434.41 (95,819,971.55) ------------------- ------------------- ------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 12,022,577.16 0.00 0.00 DEFERRED INCOME TAXES 2,573,021,589.40 0.00 0.00 DEFERRED FIT & SIT RECLASS (569,164,461.00) 0.00 0.00 ------------------- ------------------- ------------------- NET DEFERRED INCOME TAXES 2,003,857,128.40 0.00 0.00 ------------------- ------------------- ------------------- DEFERRED INVESTMENT TAX CREDITS 202,743,229.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 (38,593,140.00) 0.00 ASSET REMOVAL COSTS 0.00 (622,596,063.00) 0.00 LONG-TERM DEBT 3,895,446,089.03 0.00 0.00 OVER-RECOVERY OF FUEL COST 63,099,400.06 (5,926,679.93) 0.00 OTHER REGULATORY LIABILTIES 798,924,195.89 631,959,255.00 0.00 UNAMORTIZED GAIN REACQUIRED DEBT 223,885.45 0.00 0.00 ------------------- ------------------- ------------------- TOTAL REGULATORY LIABILITIES 862,247,481.40 626,032,575.07 0.00 TOTAL OTHER DEFERRED CREDITS 66,937,011.58 (6,648,213.33) (3,563,362.88) ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 929,184,492.98 619,384,361.74 (3,563,362.88) ------------------- ------------------- ------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 (2,360,191.42) 0.00 OBLIGATIONS UNDER CAPITAL LEASES 19,846,727.28 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 112,780,000.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 403,087,489.88 227,199,539.07 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 (8,429,166.00) 0.00 ------------------- ------------------- ------------------- TOTAL OTHER NONCURRENT LIABILITIES 535,714,217.16 216,410,181.65 0.00 ------------------- ------------------- ------------------- CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 18,263,600.00 0.00 0.00 COMMON STOCK COMMON STOCK 1.00 0.00 (485,400,464.53) PREMIUM ON CAPITAL STOCK 148,975.88 148,975.92 (148,975.92) PAID-IN CAPITAL 844,503,947.54 (176,491,855.92) (908,174,107.12) RETAINED EARNINGS 1,588,395,120.94 0.00 (1,197,008,974.85) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 176,342,880.00 0.00 ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY 2,433,048,045.36 0.00 (2,590,732,522.42) ------------------- ------------------- ------------------- MINORITY INTEREST 0.00 (1,367,190.61) 0.00 LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 (228,134,000.00) 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES $11,808,263,167.62 ($20,397,415.81) ($2,690,115,856.85) =================== =================== ===================
Item 10 - Consolidating Balance Sheets AEP UTILITIES, INCORPORATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------- AEP UTILITIES AEP CREDIT ENERSHOP DESCRIPTION INCORPORATED INCORPORATED INCORPORATED ---------------------------------------------------------------------------------------------------------------------- ASSETS: CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $24,365,423.45 $0.00 $0.00 ADVANCES TO AFFILIATES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 (385,107,182.58) 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 678,331.67 554,121,467.15 0.00 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 13,639.03 0.00 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 (13,166,951.44) 0.00 FUEL INVENTORY 0.00 0.00 0.00 MATERIALS & SUPPLIES 0.00 0.00 0.00 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 0.00 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS (615,067.43) 350,000.00 0.00 OTHER 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 24,442,326.72 156,197,333.13 0.00 ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 1,229,419.27 8,031.46 0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (202,330.24) 0.00 0.00 ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT - NET 1,027,089.03 8,031.46 0.00 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 2,590,732,522.42 0.00 0.00 REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 ------------------- ------------------- ------------------- NET REGULATORY ASSETS 0.00 0.00 0.00 ------------------- ------------------- ------------------- GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 OTHER ASSETS TOTAL OTHER INVESTMENTS 25,035,346.11 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 OTHER DEFERRED DEBITS 1,148,893.75 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER ASSETS 26,184,239.86 0.00 0.00 ------------------- ------------------- ------------------- ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 0.00 0.00 TOTAL ASSETS $2,642,386,178.03 $156,205,364.59 $0.00 =================== =================== =================== CAPITALIZATION AND LIABILITIES: CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 0.00 102,206,885.63 0.00 ACCOUNTS PAYABLE - GENERAL 134,134.99 17,605,426.77 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 2,553,123.22 1,561,198.01 0.00 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED 7,833,087.24 (980,023.66) 0.00 INTEREST ACCRUED 0.00 118,575.00 0.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 268,284.67 0.00 OTHER 8,115,036.29 0.00 0.01 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 18,635,381.74 120,780,346.42 0.01 ------------------- ------------------- ------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 DEFERRED INCOME TAXES 3,494,336.91 (4,272,227.00) 0.00 DEFERRED FIT & SIT RECLASS (676.00) 0.00 0.00 ------------------- ------------------- ------------------- NET DEFERRED INCOME TAXES 3,493,660.91 (4,272,227.00) 0.00 ------------------- ------------------- ------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 0.00 0.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN REACQUIRED DEBT 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 7,509,958.83 12,654,322.75 0.00 ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 7,509,958.83 12,654,322.75 0.00 ------------------- ------------------- ------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS (731.06) 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER NONCURRENT LIABILITIES (731.06) 0.00 0.00 ------------------- ------------------- ------------------- CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON STOCK COMMON STOCK 1.00 1,000.00 0.00 PREMIUM ON CAPITAL STOCK 148,975.88 0.00 0.00 PAID-IN CAPITAL 1,024,203,809.67 27,041,922.42 0.00 RETAINED EARNINGS 1,588,395,121.06 (0.00) (0.00) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY 2,612,747,907.61 27,042,922.42 (0.00) ------------------- ------------------- ------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES $2,642,386,178.03 $156,205,364.59 $0.00 =================== =================== ===================
Item 10 - Consolidating Balance Sheets AEP UTILITIES, INCORPORATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------- AEP TEXAS CENTRAL PUBLIC SERVICE CSW LEASING COMPANY COMPANY OF DESCRIPTION INCORPORATED CONSOLIDATED OKLAHOMA ---------------------------------------------------------------------------------------------------------------------- ASSETS: CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $0.00 $65,882,383.28 $14,257,894.39 ADVANCES TO AFFILIATES 0.00 60,698,653.80 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 146,630,328.79 28,515,138.85 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 0.00 78,484,461.21 19,851,869.43 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 23,076,876.57 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 (1,709,988.26) (36,898.68) FUEL INVENTORY 0.00 0.30 18,331,016.19 MATERIALS & SUPPLIES 0.00 11,709,156.27 38,125,104.02 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 24,170,491.32 RISK MANAGEMENT ASSETS 0.00 22,050,547.90 18,586,392.40 MARGIN DEPOSITS 0.00 3,229,459.28 4,351,145.41 PREPAYMENTS 0.00 6,757,510.78 2,643,823.44 OTHER 0.00 12,075.00 10,708.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 0.00 416,821,464.92 168,806,684.77 ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 0.00 2,425,038,000.00 2,806,395,932.79 ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 (695,358,935.97) (1,069,215,752.81) ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT - NET 0.00 1,729,679,064.03 1,737,180,179.98 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 0.00 1,302,074.99 4,631,397.63 OTHER INVESTMENTS 0.00 4,639,200.00 2,320,006.00 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 5,941,274.99 6,951,403.63 ------------------- ------------------- ------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00 REGULATORY ASSETS 0.00 1,922,455,792.59 28,698,988.40 FAS 109 DEFERRED FIT RECLASS 0.00 (30,905,150.00) 0.00 ------------------- ------------------- ------------------- NET REGULATORY ASSETS 0.00 1,891,550,642.59 28,698,988.40 ------------------- ------------------- ------------------- GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 7,627,391.95 10,379,202.93 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 689,399,160.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 9,162,796.15 540,691.80 UNAMORTIZED DEBT EXPENSE 0.00 40,355,271.70 14,552,614.41 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 OTHER DEFERRED DEBITS 0.00 6,035,972.18 2,922,390.29 ------------------- ------------------- ------------------- TOTAL OTHER ASSETS 0.00 744,953,200.04 18,015,696.50 ------------------- ------------------- ------------------- ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 1,028,134,000.00 0.00 TOTAL ASSETS $0.00 $5,824,707,038.51 $1,970,032,156.21 =================== =================== =================== CAPITALIZATION AND LIABILITIES: CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $237,651,004.00 $83,700,000.00 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 0.00 0.00 32,864,368.16 ACCOUNTS PAYABLE - GENERAL 0.00 90,003,762.18 48,808,315.63 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 0.00 74,209,243.66 57,205,814.00 CUSTOMER DEPOSITS 0.00 1,517,146.16 26,547,008.92 TAXES ACCRUED 0.00 67,017,583.55 27,156,879.29 INTEREST ACCRUED 0.00 43,196,060.74 3,706,437.55 RISK MANAGEMENT LIABILITIES 0.00 17,888,265.90 11,067,058.39 OBLIGATIONS UNDER CAPITAL LEASES 0.00 406,834.52 451,935.63 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 40,195.58 53,151.22 OTHER 0.00 23,207,572.16 35,180,337.68 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 0.00 555,137,668.44 326,741,306.47 ------------------- ------------------- ------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 2,659,930.24 3,601,851.16 DEFERRED INCOME TAXES 0.00 1,506,888,537.00 425,322,931.00 DEFERRED FIT & SIT RECLASS 0.00 (261,976,194.00) (89,889,186.00) ------------------- ------------------- ------------------- NET DEFERRED INCOME TAXES 0.00 1,244,912,343.00 335,433,745.00 ------------------- ------------------- ------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 112,478,774.00 30,410,644.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 24,937,751.00 ASSET REMOVAL COSTS 0.00 95,414,745.00 214,032,762.00 LONG-TERM DEBT 0.00 2,053,974,012.58 490,597,772.92 OVER-RECOVERY OF FUEL COST 0.00 69,026,079.99 0.00 OTHER REGULATORY LIABILTIES 0.00 102,506,263.58 15,406,284.00 UNAMORTIZED GAIN REACQUIRED DEBT 0.00 5,258.50 0.00 ------------------- ------------------- ------------------- TOTAL REGULATORY LIABILITIES 0.00 171,537,602.07 15,406,284.00 TOTAL OTHER DEFERRED CREDITS 0.00 5,487,416.56 246,925.96 ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 0.00 177,025,018.63 15,653,209.96 ------------------- ------------------- ------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 2,065,500.00 294,691.42 OBLIGATIONS UNDER CAPITAL LEASES 0.00 635,714.96 557,776.36 ACCUMULATED PROVISIONS - RATE REFUND 0.00 82,597,000.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 54,682,880.65 39,495,938.08 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER NONCURRENT LIABILITIES 0.00 139,981,095.61 40,348,405.86 ------------------- ------------------- ------------------- CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 5,940,300.00 5,266,700.00 COMMON STOCK COMMON STOCK 0.00 55,291,944.53 157,230,000.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 0.00 132,606,982.69 230,015,879.19 RETAINED EARNINGS (0.00) 1,083,022,567.79 139,604,354.66 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 (61,872,344.00) (43,842,226.00) ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY (0.00) 1,209,049,151.01 483,008,007.85 ------------------- ------------------- ------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 228,134,000.00 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES ($0.00) $5,824,707,038.51 $1,970,032,156.21 =================== =================== ===================
Item 10 - Consolidating Balance Sheets AEP UTILITIES, INCORPORATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------- SOUTHWESTERN ELECTRIC POWER AEP TEXAS NORTH CSW ENERGY COMPANY DESCRIPTION COMPANY INCORPORATED CONSOLIDATED ---------------------------------------------------------------------------------------------------------------------- ASSETS: CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $2,862,572.24 $8,922,544.67 $11,724,352.26 ADVANCES TO AFFILIATES 41,593,327.78 64,303,296.81 66,475,640.13 ACCOUNTS RECEIVABLE - CUSTOMERS 56,670,028.92 0.00 41,473,705.45 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 28,909,712.82 4,386,475.30 10,393,624.25 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 4,870,826.53 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 3,410,673.07 1,836,780.85 4,682,309.38 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (175,175.18) 0.00 (2,092,942.10) FUEL INVENTORY 10,925,299.22 0.00 63,880,797.74 MATERIALS & SUPPLIES 8,865,753.45 (0.02) 33,775,398.67 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 11,394,000.00 RISK MANAGEMENT ASSETS 10,340,274.72 0.00 19,714,543.12 MARGIN DEPOSITS 1,286,116.95 0.00 5,122,738.30 PREPAYMENTS 1,834,000.55 629,497.98 19,073,635.00 OTHER 0.00 0.00 4,850.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 171,393,411.08 80,078,595.60 285,622,652.21 ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 1,233,426,999.54 148,768,348.40 3,799,459,946.09 ACCUMULATED DEPRECIATION AND AMORTIZATION (460,512,708.70) (41,365,428.09) (1,617,846,204.00) ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT - NET 772,914,290.84 107,402,920.31 2,181,613,742.10 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 1,285,840.98 0.00 3,808,010.55 OTHER INVESTMENTS 2.00 0.00 4,518,917.42 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 1,285,842.98 0.00 8,326,927.97 ------------------- ------------------- ------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 30,951,236.78 191,383.70 REGULATORY ASSETS 40,520,303.95 0.00 75,515,625.10 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 (37,090,268.00) ------------------- ------------------- ------------------- NET REGULATORY ASSETS 40,520,303.95 0.00 38,425,357.10 ------------------- ------------------- ------------------- GOODWILL 0.00 0.00 0.00 INTANGIBLE ASSETS 0.00 0.00 21,736,066.16 LONG-TERM RISK MANAGEMENT ASSETS 3,106,370.16 134,784.00 12,177,502.71 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 71,484,103.35 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 153,725.85 1,831.74 1,828,830.34 UNAMORTIZED DEBT EXPENSE 2,295,453.06 2,930,297.79 5,820,310.78 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 OTHER DEFERRED DEBITS 17,839,990.98 528,370.13 26,219,904.39 ------------------- ------------------- ------------------- TOTAL OTHER ASSETS 20,289,169.89 74,944,603.01 33,869,045.51 ------------------- ------------------- ------------------- ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 0.00 0.00 TOTAL ASSETS $1,009,509,388.90 $293,512,139.70 $2,581,962,677.45 =================== =================== =================== CAPITALIZATION AND LIABILITIES: CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $42,505,000.00 $7,140,586.00 $142,714,210.68 SHORT-TERM DEBT 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 0.00 98,868,873.33 0.00 ACCOUNTS PAYABLE - GENERAL 28,189,890.39 2,110,957.36 37,645,508.97 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 40,600,638.32 2,050,651.97 35,138,037.99 CUSTOMER DEPOSITS 161,386.96 0.00 24,259,934.92 TAXES ACCRUED 22,876,901.47 (31,245.38) 28,690,883.86 INTEREST ACCRUED 6,037,537.73 630,630.00 16,851,774.05 RISK MANAGEMENT LIABILITIES 8,658,146.73 2,007,517.00 11,361,450.08 OBLIGATIONS UNDER CAPITAL LEASES 202,774.11 0.00 3,158,757.87 OVER-RECOVERY OF FUEL COST 0.00 0.00 4,177,623.56 DIVIDENDS DECLARED 26,039.16 0.00 57,263.42 OTHER 9,394,003.03 686,861.13 53,696,014.94 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 158,652,317.89 113,464,831.41 357,751,460.34 ------------------- ------------------- ------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 1,093,647.92 0.00 4,667,147.84 DEFERRED INCOME TAXES 153,953,354.00 56,923,442.49 429,778,451.00 DEFERRED FIT & SIT RECLASS (40,934,693.00) 7,975,877.00 (80,714,472.00) ------------------- ------------------- ------------------- NET DEFERRED INCOME TAXES 113,018,661.00 64,899,319.49 349,063,979.00 ------------------- ------------------- ------------------- DEFERRED INVESTMENT TAX CREDITS 19,989,507.00 0.00 39,864,304.00 SFAS 109 REGULATORY LIABILITY, NET 13,655,389.00 0.00 0.00 ASSET REMOVAL COSTS 76,739,857.00 0.00 236,408,699.00 LONG-TERM DEBT 314,249,126.46 107,051,654.10 741,594,997.01 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 27,857,434.27 0.00 21,194,959.04 UNAMORTIZED GAIN REACQUIRED DEBT 34,560.93 0.00 184,066.02 ------------------- ------------------- ------------------- TOTAL REGULATORY LIABILITIES 27,891,995.20 0.00 21,379,025.06 TOTAL OTHER DEFERRED CREDITS 1,399,883.32 13,502,955.86 32,967,177.65 ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 29,291,878.52 13,502,955.86 54,346,202.71 ------------------- ------------------- ------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 270,031.50 0.00 18,383,204.46 ACCUMULATED PROVISIONS - RATE REFUND 21,621,000.00 0.00 8,562,000.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 20,296,069.27 1,219,978.66 60,165,014.45 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 8,429,166.00 ------------------- ------------------- ------------------- TOTAL OTHER NONCURRENT LIABILITIES 42,187,100.77 1,219,978.66 95,539,384.91 ------------------- ------------------- ------------------- CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 2,357,000.00 0.00 4,699,600.00 COMMON STOCK COMMON STOCK 137,214,000.00 1,000.00 135,659,520.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 2,350,434.87 88,480,323.68 245,003,620.64 RETAINED EARNINGS 125,428,607.47 (95,107,923.50) 359,906,742.39 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (26,718,139.00) 0.00 (43,910,171.00) ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY 238,274,903.34 (6,626,599.81) 696,659,712.03 ------------------- ------------------- ------------------- MINORITY INTEREST 0.00 0.00 1,367,190.61 LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES $1,009,509,388.90 $293,512,139.70 $2,581,962,677.45 =================== =================== ===================
Item 10 - Consolidating Balance Sheets AEP UTILITIES, INCORPORATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------- CSW ENERGY CSW INTERNATIONAL C3 COMMUNICATIONS SERVICES DESCRIPTION INCORPORATED INCORPORATED INCORPORATED ---------------------------------------------------------------------------------------------------------------------- ASSETS: CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $2,332,801.50 $58,828.18 ($623,857.33) ADVANCES TO AFFILIATES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 56,820.03 28,848.77 38,674.00 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 5,950,271.21 21,680.44 19,146,191.69 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (5,950,242.47) (21,057.72) 0.00 FUEL INVENTORY 0.00 0.00 0.00 MATERIALS & SUPPLIES 0.00 0.00 1,915,509.57 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 0.00 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 17,500.21 45,586.13 1,182,924.67 OTHER 0.00 0.04 0.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 2,407,150.48 133,885.84 21,659,442.60 ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 0.00 (131.37) 11,102,735.31 ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 0.00 (160.64) ------------------- ------------------- ------------------- ELECTRIC UTILITY PLANT - NET 0.00 (131.37) 11,102,574.67 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00 REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 ------------------- ------------------- ------------------- NET REGULATORY ASSETS 0.00 0.00 0.00 ------------------- ------------------- ------------------- GOODWILL 0.00 0.00 2,662,500.00 INTANGIBLE ASSETS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 OTHER ASSETS TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 919,667.92 320,103.31 PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00 OTHER DEFERRED DEBITS (20,883.49) 833,300.00 443,886.93 ------------------- ------------------- ------------------- TOTAL OTHER ASSETS (20,883.49) 1,752,967.92 763,990.24 ------------------- ------------------- ------------------- ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 0.00 0.00 TOTAL ASSETS $2,386,266.99 $1,886,722.39 $36,188,507.50 =================== =================== =================== CAPITALIZATION AND LIABILITIES: CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00 SHORT-TERM DEBT 0.00 0.00 18,345,548.00 ADVANCES FROM AFFILIATES 42,518,442.70 43,041,340.68 28,309,611.23 ACCOUNTS PAYABLE - GENERAL 27,031.57 0.00 527,290.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 1,633,960.62 1,509,498.68 428,964.60 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED 22,513,672.34 (1,477,570.71) (431,482.26) INTEREST ACCRUED 0.00 0.00 0.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 13,385,620.84 8,353,316.15 9,456,768.49 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 80,078,728.07 51,426,584.80 56,636,700.06 ------------------- ------------------- ------------------- LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 DEFERRED INCOME TAXES 3,535.00 381,303.00 547,926.00 DEFERRED FIT & SIT RECLASS (89,104,187.00) (4,322,813.00) (10,198,117.00) ------------------- ------------------- ------------------- NET DEFERRED INCOME TAXES (89,100,652.00) (3,941,510.00) (9,650,191.00) ------------------- ------------------- ------------------- DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 LONG-TERM DEBT 0.00 139,797,839.96 48,180,686.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 UNAMORTIZED GAIN REACQUIRED DEBT 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 TOTAL OTHER DEFERRED CREDITS 480,325.62 263,999.00 2,635,622.24 ------------------- ------------------- ------------------- ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 480,325.62 263,999.00 2,635,622.24 ------------------- ------------------- ------------------- CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 28,800.77 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER NONCURRENT LIABILITIES 0.00 28,800.77 0.00 ------------------- ------------------- ------------------- CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 CUMULATIVE PREFERRED STOCK OF SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 COMMON STOCK COMMON STOCK 1,000.00 1,000.00 1,000.00 PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 PAID-IN CAPITAL 179,466,937.42 0.00 0.00 RETAINED EARNINGS (168,540,072.12) (185,689,992.14) (61,615,309.80) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY 10,927,865.30 (185,688,992.14) (61,614,309.80) ------------------- ------------------- ------------------- MINORITY INTEREST 0.00 0.00 0.00 LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES $2,386,266.99 $1,886,722.39 $36,188,507.50 =================== =================== ===================
Item 10 - Consolidating Balance Sheets AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------------- AEP TEXAS CENTRAL AEP TEXAS CENTRAL DESCRIPTION COMPANY SEC REPORTING COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS ----------------------------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $2,425,038,000.00 ($2,206,275,866.07) $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (695,358,935.97) 1,492,248,937.00 0.00 --------------------- --------------------- --------------------- ELECTRIC UTILITY PLANT - NET 1,729,679,064.03 (714,026,929.07) 0.00 --------------------- --------------------- --------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 1,302,074.99 0.00 0.00 INVESTMENT IN SUBSIDIARIES AND ASSOCIATES 0.00 0.00 (4,066,241.86) OTHER INVESTMENTS 4,639,200.00 4,639,200.00 0.00 --------------------- --------------------- --------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 5,941,274.99 4,639,200.00 (4,066,241.86) --------------------- --------------------- --------------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 65,882,383.28 0.00 0.00 ADVANCES TO AFFILIATES 60,698,653.80 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 146,630,328.79 50,988,548.24 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 78,484,461.21 0.00 (14,801,842.28) ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 23,076,876.57 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 (50,988,548.24) 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (1,709,988.26) 0.00 0.00 FUEL INVENTORY 0.30 0.00 0.00 MATERIALS AND SUPPLIES 11,709,156.27 (35,244,199.00) 0.00 RISK MANAGEMENT ASSETS 22,050,547.90 0.00 0.00 MARGIN DEPOSITS 3,229,459.28 3,229,459.28 0.00 PREPAYMENTS 6,757,510.78 0.00 0.00 OTHER 12,075.00 (3,229,459.28) 0.00 --------------------- --------------------- --------------------- TOTAL CURRENT ASSETS 416,821,464.92 (35,244,199.00) (14,801,842.28) --------------------- --------------------- --------------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 1,922,455,792.59 (48,701,070.85) 0.00 FAS 109 DEFERRED FIT RECLASS (30,905,150.00) 0.00 0.00 CLEARING ACCOUNTS 9,162,796.15 0.00 0.00 UNAMORTIZED DEBT EXPENSE 40,355,271.70 0.00 0.00 TOTAL OTHER SPECIAL FUNDS 0.00 (125,383,429.15) 0.00 TOTAL OTHER INVESTMENTS 689,399,160.00 (4,639,200.00) 0.00 LONG-TERM RISK MANAGEMENT ASSETS 7,627,391.95 0.00 0.00 OTHER DEFERRED DEBITS 6,035,972.18 0.00 (0.04) --------------------- --------------------- --------------------- TOTAL DEFERRED DEBITS AND OTHER ASSETS 2,644,131,234.58 (178,723,700.00) (0.04) --------------------- --------------------- --------------------- ASSETS HELD FOR SALE 1,028,134,000.00 1,028,134,000.00 0.00 --------------------- --------------------- --------------------- TOTAL ASSETS $5,824,707,038.51 $104,778,371.93 ($18,868,084.18) ===================== ===================== ===================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $55,291,944.53 $0.00 $0.00 PREMIUM ON CAPITAL STOCK 0.00 (15,041.22) 0.00 PAID-IN CAPITAL 132,606,982.69 61,887,385.22 (3,986,675.00) RETAINED EARNINGS 1,083,022,567.79 0.00 (79,566.86) ACCUMULATED OTHER COMPREHENSIVE INCOME (61,872,344.00) (61,872,344.00) 0.00 --------------------- --------------------- --------------------- COMMON SHAREHOLDERS' EQUITY 1,209,049,151.01 0.00 (4,066,241.86) CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 5,940,300.00 0.00 0.00 LONG-TERM DEBT 2,053,974,012.58 0.00 0.00 --------------------- --------------------- --------------------- TOTAL CAPITALIZATION 3,268,963,463.59 0.00 (4,066,241.86) --------------------- --------------------- --------------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR 237,651,004.00 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 90,003,762.18 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 74,209,243.66 0.00 (14,801,842.32) CUSTOMER DEPOSITS 1,517,146.16 0.00 0.00 TAXES ACCRUED 67,017,583.55 0.00 0.00 INTEREST ACCRUED 43,196,060.74 1,287,875.00 0.00 RISK MANAGEMENT LIABILITIES 17,888,265.90 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 406,834.52 0.00 0.00 DIVIDENDS DECLARED 40,195.58 0.00 0.00 OTHER 23,207,572.16 0.00 0.00 --------------------- --------------------- --------------------- TOTAL CURRENT LIABILITIES 555,137,668.44 1,287,875.00 (14,801,842.32) --------------------- --------------------- --------------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 1,506,888,537.00 0.00 0.00 DEFERRED FIT & SIT RECLASS (261,976,194.00) 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 2,659,930.24 0.00 0.00 ASSET REMOVAL COSTS 95,414,745.00 95,414,745.00 0.00 DEFERRED INVESTMENT TAX CREDITS 112,478,774.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 635,714.96 0.00 0.00 OVER-RECOVERY OF FUEL COST 69,026,079.99 (1,287,875.00) 0.00 OTHER REGULATORY LIABILTIES 102,506,263.58 0.00 0.00 UNAMORT GAIN ON REACQUIRED DEBT 5,258.50 0.00 0.00 CUSTOMER ADVANCES FOR CONSTRUCTION 2,065,500.00 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 82,597,000.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 54,682,880.65 (218,770,373.07) 0.00 OTHER DEFERRED CREDITS 5,487,416.56 0.00 0.00 --------------------- --------------------- --------------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,772,471,906.48 (124,643,503.07) 0.00 --------------------- --------------------- --------------------- LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 228,134,000.00 228,134,000.00 0.00 --------------------- --------------------- --------------------- TOTAL CAPITALIZATION & LIABILITIES $5,824,707,038.51 $104,778,371.93 ($18,868,084.18) ===================== ===================== =====================
Item 10 - Consolidating Balance Sheets AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding -------------------------------------------------------------------------------------------------------------------- AEP TEXAS CENTRAL DESCRIPTION AEP TEXAS CENTRAL COMPANY COMPANY SEC -------------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $4,631,313,866.07 $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,187,607,872.97) 0.00 --------------------- --------------------- ELECTRIC UTILITY PLANT - NET 2,443,705,993.10 0.00 --------------------- --------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 1,302,074.99 0.00 INVESTMENT IN SUBSIDIARIES AND ASSOCIATES 4,066,241.86 0.00 OTHER INVESTMENTS 0.00 0.00 --------------------- --------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 5,368,316.85 0.00 --------------------- --------------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 5,693,508.30 60,188,874.98 ADVANCES TO AFFILIATES 60,698,653.80 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 95,641,780.55 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 78,542,599.71 14,743,703.78 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 23,076,876.57 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 50,988,548.24 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (1,709,988.26) 0.00 FUEL INVENTORY 0.30 0.00 MATERIALS AND SUPPLIES 46,953,355.27 0.00 RISK MANAGEMENT ASSETS 22,050,547.90 0.00 MARGIN DEPOSITS 0.00 0.00 PREPAYMENTS 6,755,684.03 1,826.75 OTHER 3,241,534.28 0.00 --------------------- --------------------- TOTAL CURRENT ASSETS 391,933,100.69 74,934,405.51 --------------------- --------------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 1,971,156,863.44 0.00 FAS 109 DEFERRED FIT RECLASS (30,905,150.00) 0.00 CLEARING ACCOUNTS 9,162,796.15 0.00 UNAMORTIZED DEBT EXPENSE 13,344,803.70 27,010,468.00 TOTAL OTHER SPECIAL FUNDS 125,383,429.15 0.00 TOTAL OTHER INVESTMENTS 4,639,234.00 689,399,126.00 LONG-TERM RISK MANAGEMENT ASSETS 7,627,391.95 0.00 OTHER DEFERRED DEBITS 6,035,972.22 0.00 --------------------- --------------------- TOTAL DEFERRED DEBITS AND OTHER ASSETS 2,106,445,340.62 716,409,594.00 --------------------- --------------------- ASSETS HELD FOR SALE 0.00 0.00 --------------------- --------------------- TOTAL ASSETS $4,947,452,751.25 $791,343,999.51 ===================== ===================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $55,291,944.53 $0.00 PREMIUM ON CAPITAL STOCK 15,041.22 0.00 PAID-IN CAPITAL 70,719,597.47 3,986,675.00 RETAINED EARNINGS 1,083,022,567.79 79,566.86 ACCUMULATED OTHER COMPREHENSIVE INCOME 0.00 0.00 --------------------- --------------------- COMMON SHAREHOLDERS' EQUITY 1,209,049,151.01 4,066,241.86 CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 5,940,300.00 0.00 LONG-TERM DEBT 1,356,845,147.58 697,128,865.00 --------------------- --------------------- TOTAL CAPITALIZATION 2,571,834,598.59 701,195,106.86 --------------------- --------------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR 189,100,000.00 48,551,004.00 ACCOUNTS PAYABLE - GENERAL 90,003,762.18 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 88,952,947.48 58,138.50 CUSTOMER DEPOSITS 1,517,146.16 0.00 TAXES ACCRUED 67,017,583.55 0.00 INTEREST ACCRUED 22,867,463.46 19,040,722.28 RISK MANAGEMENT LIABILITIES 17,888,265.90 0.00 OBLIGATIONS UNDER CAPITAL LEASES 406,834.52 0.00 DIVIDENDS DECLARED 40,195.58 0.00 OTHER 23,207,572.16 0.00 --------------------- --------------------- TOTAL CURRENT LIABILITIES 501,001,770.98 67,649,864.78 --------------------- --------------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 1,506,888,537.00 0.00 DEFERRED FIT & SIT RECLASS (261,976,194.00) 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 2,659,930.24 0.00 ASSET REMOVAL COSTS 0.00 0.00 DEFERRED INVESTMENT TAX CREDITS 112,478,774.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 635,714.96 0.00 OVER-RECOVERY OF FUEL COST 70,313,954.99 0.00 OTHER REGULATORY LIABILTIES 80,007,235.71 22,499,027.87 UNAMORT GAIN ON REACQUIRED DEBT 5,258.50 0.00 CUSTOMER ADVANCES FOR CONSTRUCTION 2,065,500.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 82,597,000.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 273,453,253.72 0.00 OTHER DEFERRED CREDITS 5,487,416.56 0.00 --------------------- --------------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,874,616,381.68 22,499,027.87 --------------------- --------------------- LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 --------------------- --------------------- TOTAL CAPITALIZATION & LIABILITIES $4,947,452,751.25 $791,343,999.51 ===================== =====================
Item 10 - Consolidating Balance Sheets APPALACHIAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ APPALACHIAN POWER APPALACHIAN POWER DESCRIPTION COMPANY SEC REPORTING COMPANY APPALACHIAN POWER CONSOLIDATED ADJUSTMENTS ELIMINATIONS COMPANY ------------------------------------------------------------------------------------------------------------------------------------ ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $6,140,930,644.39 $0.00 $0.00 $6,140,930,644.39 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,321,359,209.92) 92,497,334.00 0.00 (2,413,856,543.92) ------------------ ----------------- ---------------- ------------------ ELECTRIC UTILITY PLANT - NET 3,819,571,434.47 92,497,334.00 0.00 3,727,074,100.47 ------------------ ----------------- ---------------- ------------------ OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 20,574,430.78 0.00 0.00 20,481,580.78 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 603,868.00 0.00 (17,600,574.94) 18,204,442.94 OTHER INVESTMENTS 26,064,029.59 0.00 0.00 23,078,230.59 ------------------ ----------------- ---------------- ------------------ TOTAL OTHER PROPERTY AND INVESTMENTS 47,242,328.37 0.00 (17,600,574.94) 61,764,254.31 ------------------ ----------------- ---------------- ------------------ CURRENT ASSETS CASH AND CASH EQUIVALENTS 45,880,666.27 0.00 0.00 45,880,666.27 ADVANCES TO AFFILIATES 0.00 (23,453,681.22) 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 133,716,961.09 16,033,933.67 0.00 117,683,027.42 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 137,281,246.61 0.00 (5,073,517.21) 141,104,655.71 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 35,020,281.49 0.00 0.00 35,020,281.49 ACCOUNTS RECEIVABLE - MISCELLANEOUS 3,961,188.95 (16,033,933.67) 0.00 17,036,971.62 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,085,327.62) 0.00 0.00 (2,085,327.62) FUEL INVENTORY 42,806,440.47 0.00 0.00 42,806,440.47 MATERIALS AND SUPPLIES 71,977,745.12 0.00 0.00 71,977,745.12 RISK MANAGEMENT ASSETS 71,189,275.85 0.00 0.00 71,189,275.85 MARGIN DEPOSITS 11,524,954.90 11,524,954.90 0.00 0.00 PREPAYMENTS 6,782,863.88 0.00 0.00 6,782,863.88 OTHER CURRENT ASSETS 6,517,480.00 (11,524,954.90) 0.00 17,962,388.90 ------------------ ----------------- ---------------- ------------------ TOTAL CURRENT ASSETS 564,573,777.02 (23,453,681.22) (5,073,517.21) 565,358,989.12 ------------------ ----------------- ---------------- ------------------ DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 446,327,739.76 0.00 0.00 446,327,739.76 FAS 109 DEFERRED FIT RECLASS (29,131,302.00) 0.00 0.00 (29,131,302.00) LONG-TERM RISK MANAGEMENT ASSETS 70,899,438.64 0.00 0.00 70,899,438.64 CLEARING ACCOUNTS 158,833.16 0.00 0.00 158,833.16 UNAMORTIZED DEBT EXPENSE 7,721,257.00 0.00 0.00 7,721,257.00 OTHER DEFERRED CHARGES 49,647,884.72 0.00 (0.03) 49,647,884.75 ------------------ ----------------- ---------------- ------------------ TOTAL DEFERRED DEBITS AND OTHER ASSETS 545,623,851.29 0.00 (0.03) 545,623,851.31 ------------------ ----------------- ---------------- ------------------ TOTAL ASSETS $4,977,011,391.15 $69,043,652.78 ($22,674,092.18) $4,899,821,195.21 ================== ================= ================ ================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $260,457,768.00 $0.00 ($209,950.00) $260,457,768.00 PREMIUM ON CAPITAL STOCK 0.00 (762,543.38) (8,900,000.01) 762,543.38 PAID-IN CAPITAL 719,899,208.64 52,850,234.02 (5,318,393.00) 668,548,415.62 RETAINED EARNINGS 408,718,478.89 0.00 (3,172,231.96) 408,718,478.87 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (52,087,690.64) (52,087,690.64) 0.00 0.00 ------------------ ----------------- ---------------- ------------------ COMMON SHAREHOLDER'S EQUITY 1,336,987,764.89 0.00 (17,600,574.97) 1,338,487,205.87 CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 17,783,900.00 0.00 0.00 17,783,900.00 LIABILITY FOR CUMULATIVE PREFERRED STOCK SUBJECT TO MANDATORY REDEMPTION 5,360,000.00 5,360,000.00 0.00 0.00 LONG-TERM DEBT 1,703,072,765.43 (5,360,000.00) 0.00 1,708,432,765.43 ------------------ ----------------- ---------------- ------------------ TOTAL CAPITALIZATION 3,063,204,430.32 0.00 (17,600,574.97) 3,064,703,871.30 ------------------ ----------------- ---------------- ------------------ CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR 161,008,387.76 0.00 0.00 161,008,387.76 ADVANCES FROM AFFILIATES 82,994,492.48 (23,453,681.22) 0.00 106,448,173.70 ACCOUNTS PAYABLE - GENERAL 140,497,345.72 0.00 0.00 140,497,345.72 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 81,812,226.37 0.00 (5,073,517.21) 81,973,069.72 CUSTOMER DEPOSITS 33,929,606.82 0.00 0.00 33,929,606.82 TAXES ACCRUED 50,258,565.75 0.00 0.00 50,120,834.75 INTEREST ACCRUED 22,112,796.08 0.00 0.00 22,112,796.08 RISK MANAGEMENT LIABILITIES 51,429,954.00 0.00 0.00 51,429,954.00 OBLIGATIONS UNDER CAPITAL LEASES 9,217,759.36 0.00 0.00 9,217,759.36 DIVIDENDS DECLARED 186,190.92 0.00 0.00 186,190.92 OTHER 60,102,649.59 0.00 0.00 58,753,448.90 ------------------ ----------------- ---------------- ------------------ TOTAL CURRENT LIABILITIES 693,549,974.85 (23,453,681.22) (5,073,517.21) 715,677,567.73 ------------------ ----------------- ---------------- ------------------ DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 1,008,854,037.88 0.00 0.00 1,007,387,625.88 DEFERRED FIT & SIT RECLASS (205,498,809.48) 0.00 0.00 (193,911,621.48) ASSET REMOVAL COSTS 92,497,334.00 92,497,334.00 0.00 0.00 DEFERRED INVESTMENT TAX CREDITS 30,544,863.00 0.00 0.00 30,544,863.00 OVER-RECOVERY OF FUEL COST 68,704,458.11 0.00 0.00 68,704,458.11 UNREALIZED GAIN ON FORWARD COMMITMENTS 17,282,832.10 0.00 0.00 17,282,832.10 UNAMORTIZED GAIN ON REACQUIRED DEBT 43,054.00 0.00 0.00 43,054.00 LONG-TERM RISK MANAGEMENT LIABILITIES 54,326,567.66 0.00 0.00 54,326,567.66 OBLIGATIONS UNDER CAP LEASE 16,134,017.39 0.00 0.00 16,134,017.39 ASSET RETIREMENT OBLIGATIONS 21,776,104.85 21,776,104.85 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 102,462,814.22 (21,776,104.85) 0.00 105,953,247.28 DEFERRED GAINS ON SALE/LEASEBACK 88,288.00 0.00 0.00 88,288.00 OTHER DEFERRED CREDITS 13,041,424.25 0.00 0.00 12,886,424.25 ------------------ ----------------- ---------------- ------------------ TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,220,256,985.97 92,497,334.00 0.00 1,119,439,756.18 ------------------ ----------------- ---------------- ------------------ TOTAL CAPITALIZATION AND LIABILITIES $4,977,011,391.15 $69,043,652.78 ($22,674,092.18) $4,899,821,195.21 ================== ================= ================ ==================
Item 10 - Consolidating Balance Sheets APPALACHIAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------- CENTRAL SOUTHERN DESCRIPTION APPALACHIAN APPALACHIAN CEDAR COAL COAL COMPANY COAL COMPANY COMPANY ---------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $0.00 $0.00 $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 0.00 0.00 ----------------- ----------------- ---------------- ELECTRIC UTILITY PLANT - NET 0.00 0.00 0.00 ----------------- ----------------- ---------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 0.00 92,850.00 0.00 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 0.00 0.00 0.00 OTHER INVESTMENTS 113,467.00 1,436,169.00 1,436,163.00 ----------------- ----------------- ---------------- TOTAL OTHER PROPERTY AND INVESTMENTS 113,467.00 1,529,019.00 1,436,163.00 ----------------- ----------------- ---------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 0.00 0.00 0.00 ADVANCES TO AFFILIATES 1,755,084.92 7,813,474.51 13,885,121.79 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 237,736.71 0.00 1,012,371.40 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 92,416.00 1,695,943.00 1,169,792.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00 FUEL INVENTORY 0.00 0.00 0.00 MATERIALS AND SUPPLIES 0.00 0.00 0.00 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 0.00 0.00 0.00 OTHER CURRENT ASSETS 0.00 0.00 80,046.00 ----------------- ----------------- ---------------- TOTAL CURRENT ASSETS 2,085,237.63 9,509,417.51 16,147,331.19 ----------------- ----------------- ---------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 OTHER DEFERRED CHARGES 0.00 0.00 0.00 ----------------- ----------------- ---------------- TOTAL DEFERRED DEBITS AND OTHER ASSETS 0.00 0.00 0.00 ----------------- ----------------- ---------------- TOTAL ASSETS $2,198,704.63 $11,038,436.51 $17,583,494.19 ================= ================= ================ CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $3,000.00 $6,950.00 $200,000.00 PREMIUM ON CAPITAL STOCK 0.00 8,900,000.01 0.00 PAID-IN CAPITAL 449,990.00 0.00 3,368,962.00 RETAINED EARNINGS 428,746.01 1,864,897.01 878,588.96 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ----------------- ----------------- ---------------- COMMON SHAREHOLDER'S EQUITY 881,736.01 10,771,847.02 4,447,550.96 CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 LIABILITY FOR CUMULATIVE PREFERRED STOCK SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 LONG-TERM DEBT 0.00 0.00 0.00 ----------------- ----------------- ---------------- TOTAL CAPITALIZATION 881,736.01 10,771,847.02 4,447,550.96 ----------------- ----------------- ---------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR 0.00 0.00 0.00 ADVANCES FROM AFFILIATES 0.00 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 0.00 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 142,659.62 207,074.49 4,562,939.75 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED 83,222.00 (80,038.00) 134,547.00 INTEREST ACCRUED 0.00 0.00 0.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 569,903.00 132,978.00 646,319.69 ----------------- ----------------- ---------------- TOTAL CURRENT LIABILITIES 795,784.62 260,014.49 5,343,806.44 ----------------- ----------------- ---------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 58,100.00 171,463.00 1,236,849.00 DEFERRED FIT & SIT RECLASS (1,026,296.00) (773,424.00) (9,787,468.00) ASSET REMOVAL COSTS 0.00 0.00 0.00 DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00 OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 1,489,380.00 453,536.00 16,342,755.79 DEFERRED GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 OTHER DEFERRED CREDITS 0.00 155,000.00 0.00 ----------------- ----------------- ---------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 521,184.00 6,575.00 7,792,136.79 ----------------- ----------------- ---------------- TOTAL CAPITALIZATION AND LIABILITIES $2,198,704.63 $11,038,436.51 $17,583,494.19 ================= ================= ================
Item 10 - Consolidating Balance Sheets COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ COLUMBUS SOUTHERN COLUMBUS SOUTHERN DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY COLUMBUS SOUTHERN CONSOLIDATED ADJUSTMENTS ELIMINATIONS POWER COMPANY ------------------------------------------------------------------------------------------------------------------------------------ ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $3,570,443,772.21 $0.00 $0.00 $3,557,784,306.94 ACCUMULATED DEPRECIATION AND AMORTIZATION (1,389,586,507.63) 99,118,885.00 0.00 (1,485,433,455.31) ------------------ ------------------ ----------------- ------------------ ELECTRIC UTILITY PLANT - NET 2,180,857,264.58 99,118,885.00 0.00 2,072,350,851.63 ------------------ ------------------ ----------------- ------------------ OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 22,417,574.08 0.00 0.00 21,793,822.70 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 430,000.00 0.00 (9,603,038.46) 10,033,038.46 OTHER INVESTMENTS 8,232,793.95 0.00 0.00 8,140,857.95 ------------------ ------------------ ----------------- ------------------ TOTAL OTHER PROPERTY AND INVESTMENTS 31,080,368.03 0.00 (9,603,038.46) 39,967,719.11 ------------------ ------------------ ----------------- ------------------ CURRENT ASSETS CASH AND CASH EQUIVALENTS 4,142,432.16 0.00 0.00 4,140,432.16 ADVANCES TO AFFILIATES, NET 0.00 (2,376,280.91) 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 47,098,947.82 12,959,165.57 0.00 34,135,691.82 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 68,168,358.88 0.00 (221,595.17) 68,167,673.55 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 23,722,456.95 0.00 0.00 23,722,456.95 ACCOUNTS RECEIVABLE - MISCELLANEOUS 5,256,826.22 (12,959,165.57) 0.00 18,194,150.08 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (531,483.10) 0.00 0.00 (531,483.10) FUEL INVENTORY 14,364,800.66 0.00 0.00 14,364,800.66 MATERIALS AND SUPPLIES 44,376,806.74 0.00 0.00 43,062,755.57 RISK MANAGEMENT ASSETS 40,095,004.24 0.00 0.00 40,095,004.24 MARGIN DEPOSITS 6,636,268.45 6,636,268.45 0.00 0.00 PREPAYMENTS 8,341,261.47 0.00 0.00 8,341,131.47 OTHER CURRENT ASSETS 4,102,393.00 (6,636,268.45) 0.00 10,710,143.45 ------------------ ------------------ ----------------- ------------------ TOTAL CURRENT ASSETS 265,774,073.48 (2,376,280.91) (221,595.17) 264,402,756.85 ------------------ ------------------ ----------------- ------------------ DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 255,480,401.79 0.00 0.00 255,480,401.79 FAS 109 DEFERRED FIT RECLASS (12,296,669.00) 0.00 0.00 (12,296,669.00) LONG-TERM RISK MANAGEMENT ASSETS 39,932,076.92 0.00 0.00 39,932,076.92 CLEARING ACCOUNTS 57.87 0.00 0.00 57.87 UNAMORTIZED DEBT EXPENSE 5,986,961.53 0.00 0.00 5,986,961.53 OTHER DEFERRED DEBITS 71,551,108.63 0.00 0.01 71,428,726.46 ------------------ ------------------ ----------------- ------------------ TOTAL DEFERRED DEBITS AND OTHER ASSETS 360,653,937.74 0.00 0.01 77,415,745.86 ------------------ ------------------ ----------------- ------------------ TOTAL ASSETS $2,838,365,643.83 $96,742,604.09 ($9,824,633.61) $2,737,252,883.16 ================== ================== ================= ================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $41,026,065.00 $0.00 ($1,609,000.00) $41,026,065.00 PREMIUM ON CAPITAL STOCK 0.00 (257,892,417.79) (30,000.00) 257,892,417.79 PAID-IN CAPITAL 576,399,735.58 304,219,836.79 (668,589.30) 272,245,567.79 RETAINED EARNINGS 326,781,977.65 0.00 (4,473,147.15) 326,781,977.38 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (46,327,419.00) (46,327,419.00) 0.00 0.00 ------------------ ------------------ ----------------- ------------------ COMMON SHAREHOLDER'S EQUITY 897,880,359.23 0.00 (6,780,736.45) 897,946,027.96 LONG-TERM DEBT 886,564,409.59 0.00 (2,822,302.00) 886,564,409.59 ------------------ ------------------ ----------------- ------------------ TOTAL CAPITALIZATION 1,784,444,768.82 0.00 (9,603,038.45) 1,784,510,437.55 ------------------ ------------------ ----------------- ------------------ CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 11,000,000.00 0.00 0.00 11,000,000.00 ADVANCES FROM AFFILIATES, NET 6,516,507.98 (2,376,280.91) 0.00 7,913,350.83 ACCOUNTS PAYABLE - GENERAL 58,219,859.77 0.00 0.00 57,992,150.33 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 53,571,895.14 0.00 (221,595.17) 53,603,514.24 CUSTOMER DEPOSITS 19,727,363.58 0.00 0.00 19,727,363.58 TAXES ACCRUED 132,853,280.48 0.00 0.00 132,574,795.91 INTEREST ACCRUED 16,528,117.07 0.00 0.00 16,477,117.07 RISK MANAGEMENT LIABILITIES 28,966,379.38 0.00 0.00 28,966,379.38 OBLIGATIONS UNDER CAPITAL LEASES 4,220,839.94 0.00 0.00 4,220,839.94 DIVIDENDS DECLARED (0.00) 0.00 0.00 (0.00) OTHER 25,364,137.62 0.00 0.00 25,006,558.27 ------------------ ------------------ ----------------- ------------------ TOTAL CURRENT LIABILITIES 356,968,380.96 (2,376,280.91) (221,595.17) 357,482,069.55 ------------------ ------------------ ----------------- ------------------ DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 546,259,293.00 0.00 0.00 545,238,093.00 DEFERRED FIT & SIT RECLASS (87,760,993.00) 0.00 0.00 (86,118,764.00) ASSET REMOVAL COSTS 99,118,885.00 99,118,885.00 0.00 0.00 ACCUMULATED PROVISIONS - MISC 41,689,669.16 (8,739,918.67) 0.00 47,314,088.84 DEFERRED INVESTMENT TAX CREDITS 30,796,639.00 0.00 0.00 30,789,093.00 LONG-TERM RISK MANAGEMENT LIABILITIES 30,597,885.62 0.00 0.00 30,597,885.62 CUSTOMER ADVANCES FOR CONSTRUCTION 250,000.00 0.00 0.00 250,000.00 OBLIGATIONS UNDER CAPITAL LEASES 11,396,660.35 0.00 0.00 11,396,660.35 ASSET RETIREMENT OBLIGATIONS 8,739,918.67 8,739,918.67 0.00 0.00 OTHER DEFERRED CREDITS 15,864,536.26 0.00 0.00 15,793,319.26 ------------------ ------------------ ----------------- ------------------ TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 696,952,494.06 99,118,885.00 0.00 595,260,376.07 ------------------ ------------------ ----------------- ------------------ TOTAL CAPITALIZATION AND LIABILITIES $2,838,365,643.83 $96,742,604.09 ($9,824,633.61) $2,737,252,883.16 ================== ================== ================= ==================
Item 10 - Consolidating Balance Sheets COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------- CONESVILLE COAL DESCRIPTION SIMCO COLOMET PREPARATION INCORPORATED INCORPORATED COMPANY ------------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $1,821,376.18 $9,078,866.95 $1,759,222.15 ACCUMULATED DEPRECIATION AND AMORTIZATION (1,636,239.29) (206,922.12) (1,428,775.91) ------------------ ------------------ ----------------- ELECTRIC UTILITY PLANT - NET 185,136.89 8,871,944.83 330,446.24 ------------------ ------------------ ----------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 0.00 623,751.38 0.00 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 0.00 0.00 0.00 OTHER INVESTMENTS 0.00 0.00 91,936.00 ------------------ ------------------ ----------------- TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 623,751.38 91,936.00 ------------------ ------------------ ----------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 0.00 0.00 2,000.00 ADVANCES TO AFFILIATES, NET 333,003.98 0.00 2,043,276.93 ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 4,090.43 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 14,300.00 343.68 207,636.81 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 2,260.00 19,581.71 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00 FUEL INVENTORY 0.00 0.00 0.00 MATERIALS AND SUPPLIES 0.00 0.00 1,314,051.17 RISK MANAGEMENT ASSETS 0.00 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 0.00 0.00 130.00 OTHER CURRENT ASSETS 0.00 0.00 28,518.00 ------------------ ------------------ ----------------- TOTAL CURRENT ASSETS 347,303.98 2,603.68 3,619,285.05 ------------------ ------------------ ----------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 0.00 0.00 0.00 FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00 CLEARING ACCOUNTS 0.00 0.00 0.00 UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 OTHER DEFERRED DEBITS 0.00 122,382.16 (0.00) ------------------ ------------------ ----------------- TOTAL DEFERRED DEBITS AND OTHER ASSETS 0.00 122,382.16 (0.00) ------------------ ------------------ ----------------- TOTAL ASSETS $532,440.87 $9,620,682.04 $4,041,667.28 ================== ================== ================= CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $9,000.00 $1,500,000.00 $100,000.00 PREMIUM ON CAPITAL STOCK 0.00 30,000.00 0.00 PAID-IN CAPITAL 268,589.30 0.00 334,331.00 RETAINED EARNINGS 220,020.95 3,013,143.48 1,239,982.99 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ------------------ ------------------ ----------------- COMMON SHAREHOLDER'S EQUITY 497,610.25 4,543,143.48 1,674,313.99 LONG-TERM DEBT 0.00 2,822,302.00 0.00 ------------------ ------------------ ----------------- TOTAL CAPITALIZATION 497,610.25 7,365,445.48 1,674,313.99 ------------------ ------------------ ----------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 0.00 0.00 0.00 ADVANCES FROM AFFILIATES, NET 0.00 979,438.06 0.00 ACCOUNTS PAYABLE - GENERAL 0.00 0.00 227,709.44 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 0.00 319.51 189,656.55 CUSTOMER DEPOSITS 0.00 0.00 0.00 TAXES ACCRUED 11,061.62 213,353.00 54,069.95 INTEREST ACCRUED 0.00 0.00 51,000.00 RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 DIVIDENDS DECLARED 0.00 0.00 0.00 OTHER 0.00 0.00 357,579.35 ------------------ ------------------ ----------------- TOTAL CURRENT LIABILITIES 11,061.62 1,193,110.57 880,015.30 ------------------ ------------------ ----------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 71,385.00 990,909.00 (41,094.00) DEFERRED FIT & SIT RECLASS (55,162.00) 0.00 (1,587,067.00) ASSET REMOVAL COSTS 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISC 0.00 0.00 3,115,498.99 DEFERRED INVESTMENT TAX CREDITS 7,546.00 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00 CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 OTHER DEFERRED CREDITS 0.00 71,217.00 0.00 ------------------ ------------------ ----------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 23,769.00 1,062,126.00 1,487,337.99 ------------------ ------------------ ----------------- TOTAL CAPITALIZATION AND LIABILITIES $532,440.87 $9,620,682.04 $4,041,667.28 ================== ================== =================
Item 10 - Consolidating Balance Sheets INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------------- INDIANA MICHIGAN INDIANA MICHIGAN DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS ----------------------------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $5,306,182,181.52 $0.00 $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,490,912,459.57) 263,014,780.00 0.00 ------------------- ------------------- ------------------- NET ELECTRIC UTILITY PLANT 2,815,269,721.95 263,014,780.00 0.00 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 982,394,078.70 0.00 0.00 NON-UTILITY PROPERTY, NET 52,302,710.78 0.00 0.00 INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 0.00 0.00 (43,774,895.50) TOTAL OTHER INVESTMENTS 43,796,994.81 0.00 0.00 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 1,078,493,784.29 0.00 (43,774,895.50) ------------------- ------------------- ------------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 3,913,780.56 0.00 0.00 ADVANCES TO AFFILIATES 0.00 (15,322,775.15) 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 61,083,821.63 8,153,247.25 0.00 ACCOUNTS RECEIVABLE- AFFILIATED COMPANIES 124,826,019.97 0.00 (897,402.14) ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 2,000,068.39 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 4,498,304.57 (8,153,247.25) 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (531,487.62) 0.00 0.00 FUEL 33,967,999.70 0.00 0.00 MATERIALS AND SUPPLIES 105,328,541.58 0.00 0.00 RISK MANAGEMENT ASSETS 44,071,259.67 0.00 0.00 MARGIN DEPOSITS 7,245,494.99 7,245,494.99 0.00 PREPAYMENTS 5,731,502.81 0.00 0.00 OTHER 4,941,140.00 (7,245,494.99) 0.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 397,076,446.26 (15,322,775.15) (897,402.14) ------------------- ------------------- ------------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 349,254,126.72 0.00 0.00 FAS 109 DEFERRED FIT RECLASS (72,977,329.00) 0.00 0.00 LONG-TERM ENERGY TRADING CONTRACTS 43,768,348.63 0.00 0.00 UNAMORTIZED DEBT EXPENSE 11,981,425.14 0.00 0.00 OTHER DEFERRED DEBITS 36,204,045.08 0.00 (0.02) ------------------- ------------------- ------------------- TOTAL DEFERRED DEBITS AND OTHER ASSETS 368,230,616.57 0.00 (0.02) ------------------- ------------------- ------------------- TOTAL ASSETS $4,659,070,569.06 $247,692,004.85 ($44,672,297.66) =================== =================== =================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $56,583,866.43 $0.00 ($39,548,275.00) PREMIUM ON CAPITAL STOCK 0.00 (4,318,031.53) 0.00 PAID-IN CAPITAL 858,694,392.60 29,423,914.53 (1,303,000.00) RETAINED EARNINGS 187,875,312.84 0.00 (2,923,620.52) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (25,105,883.00) (25,105,883.00) 0.00 ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY 1,078,047,688.86 0.00 (43,774,895.52) CUMULATIVE PREFERRED STOCK - NOT SUBJECT TO MANDATORY REDEMPTION 8,101,100.00 0.00 0.00 LIABILITY FOR CUMULATIVE PREFERRED STOCK - SUBJECT TO MANDATORY REDEMPTION 63,445,000.00 63,445,000.00 0.00 LONG-TERM DEBT 1,134,358,851.38 (63,445,000.00) 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION 2,283,952,640.25 0.00 (43,774,895.52) ------------------- ------------------- ------------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR 205,000,000.00 0.00 0.00 ADVANCES FROM AFFILIATES 98,821,518.88 (15,322,775.15) 0.00 ACCOUNTS PAYABLE - GENERAL 101,776,021.61 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 47,483,810.79 0.00 (897,402.14) CUSTOMER DEPOSITS 21,954,513.91 0.00 0.00 TAXES ACCRUED 42,189,106.92 0.00 0.00 INTEREST ACCRUED 17,962,933.11 0.00 0.00 RISK MANAGEMENT LIABILITIES 31,898,490.87 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 6,527,938.79 0.00 0.00 DIVIDENDS DECLARED 1,089,389.03 0.00 0.00 OTHER 56,586,413.96 0.00 0.00 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 631,290,137.87 (15,322,775.15) (897,402.14) ------------------- ------------------- ------------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 940,358,147.00 0.00 0.00 DEFERRED FIT & SIT RECLASS (602,982,549.00) 0.00 0.00 ASSET REMOVAL COSTS 263,014,780.00 263,014,780.00 0.00 DEFERRED INVESTMENT TAX CREDITS 90,278,100.00 0.00 0.00 OTHER REGULATORY LIABILTIES 276,948,842.49 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 31,315,130.69 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 553,219,318.01 553,219,318.01 0.00 NUCLEAR DECOMMSSIONING 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 55,783,588.26 (553,219,318.01) 0.00 UNAMORTIZED GAIN REACQUIRED DEBT 34,223.72 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 33,537,420.82 0.00 0.00 CUSTOMER ADVANCES FOR CONSTRUCTION 4,263,378.85 0.00 0.00 DEFERRED GAINS ON SALE/LEASEBACK 70,178,525.01 0.00 0.00 OTHER DEFERRED CREDITS 27,878,885.11 0.00 0.00 ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,743,827,790.95 263,014,780.00 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES $4,659,070,569.07 $247,692,004.85 ($44,672,297.66) =================== =================== ===================
Item 10 - Consolidating Balance Sheets INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------------- DESCRIPTION INDIANA MICHIGAN PRICE RIVER BLACKHAWK POWER COMPANY COAL COMPANY COAL COMPANY ----------------------------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $5,306,182,181.52 $0.00 $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,753,927,239.57) 0.00 0.00 ------------------- ------------------- ------------------- NET ELECTRIC UTILITY PLANT 2,552,254,941.95 0.00 0.00 ------------------- ------------------- ------------------- OTHER PROPERTY AND INVESTMENTS NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 982,394,078.70 0.00 0.00 NON-UTILITY PROPERTY, NET 37,302,710.78 0.00 15,000,000.00 INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 43,774,895.50 0.00 0.00 TOTAL OTHER INVESTMENTS 40,451,246.81 0.00 3,345,748.00 ------------------- ------------------- ------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 1,103,922,931.79 0.00 18,345,748.00 ------------------- ------------------- ------------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 3,913,780.56 0.00 0.00 ADVANCES TO AFFILIATES 0.00 0.00 15,322,775.15 ACCOUNTS RECEIVABLE - CUSTOMERS 52,930,574.38 0.00 0.00 ACCOUNTS RECEIVABLE- AFFILIATED COMPANIES 125,618,607.28 27,275.00 77,539.83 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 2,000,068.39 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 9,552,654.69 0.00 3,098,897.13 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (531,487.62) 0.00 0.00 FUEL 33,966,439.65 0.00 1,560.05 MATERIALS AND SUPPLIES 105,328,541.58 0.00 0.00 RISK MANAGEMENT ASSETS 44,071,259.67 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 5,731,502.81 0.00 0.00 OTHER 12,177,434.99 0.00 9,200.00 ------------------- ------------------- ------------------- TOTAL CURRENT ASSETS 394,759,376.39 27,275.00 18,509,972.16 ------------------- ------------------- ------------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 349,254,126.72 0.00 0.00 FAS 109 DEFERRED FIT RECLASS (72,977,329.00) 0.00 0.00 LONG-TERM ENERGY TRADING CONTRACTS 43,768,348.63 0.00 0.00 UNAMORTIZED DEBT EXPENSE 11,981,425.14 0.00 0.00 OTHER DEFERRED DEBITS 36,204,045.09 0.00 0.00 ------------------- ------------------- ------------------- TOTAL DEFERRED DEBITS AND OTHER ASSETS 368,230,616.58 0.00 0.00 ------------------- ------------------- ------------------- TOTAL ASSETS $4,419,167,866.71 $27,275.00 $36,855,720.16 =================== =================== =================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $56,583,866.43 $27,275.00 $39,521,000.00 PREMIUM ON CAPITAL STOCK 4,318,031.53 0.00 0.00 PAID-IN CAPITAL 829,429,120.07 0.00 1,144,358.00 RETAINED EARNINGS 187,875,312.81 0.00 2,923,620.54 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 ------------------- ------------------- ------------------- COMMON SHAREHOLDER'S EQUITY 1,078,206,330.83 27,275.00 43,588,978.54 CUMULATIVE PREFERRED STOCK - NOT SUBJECT TO MANDATORY REDEMPTION 8,101,100.00 0.00 0.00 LIABILITY FOR CUMULATIVE PREFERRED STOCK - SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00 LONG-TERM DEBT 1,197,803,851.38 0.00 0.00 ------------------- ------------------- ------------------- TOTAL CAPITALIZATION 2,284,111,282.22 27,275.00 43,588,978.54 ------------------- ------------------- ------------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR 205,000,000.00 0.00 0.00 ADVANCES FROM AFFILIATES 114,144,294.03 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 101,776,021.61 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 47,465,121.87 0.00 916,091.06 CUSTOMER DEPOSITS 21,954,513.91 0.00 0.00 TAXES ACCRUED 40,932,133.92 0.00 1,256,973.00 INTEREST ACCRUED 17,962,933.11 0.00 0.00 RISK MANAGEMENT LIABILITIES 31,898,490.87 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 6,527,938.79 0.00 0.00 DIVIDENDS DECLARED 1,089,389.03 0.00 0.00 OTHER 56,547,992.50 0.00 38,421.46 ------------------- ------------------- ------------------- TOTAL CURRENT LIABILITIES 645,298,829.65 0.00 2,211,485.52 ------------------- ------------------- ------------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 938,420,807.00 0.00 1,937,340.00 DEFERRED FIT & SIT RECLASS (590,759,292.00) 0.00 (12,223,257.00) ASSET REMOVAL COSTS 0.00 0.00 0.00 DEFERRED INVESTMENT TAX CREDITS 90,278,100.00 0.00 0.00 OTHER REGULATORY LIABILTIES 276,948,842.49 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 31,315,130.69 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 NUCLEAR DECOMMSSIONING 0.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 607,815,069.17 0.00 1,187,837.10 UNAMORTIZED GAIN REACQUIRED DEBT 34,223.72 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 33,537,420.82 0.00 0.00 CUSTOMER ADVANCES FOR CONSTRUCTION 4,263,378.85 0.00 0.00 DEFERRED GAINS ON SALE/LEASEBACK 70,178,525.01 0.00 0.00 OTHER DEFERRED CREDITS 27,725,549.11 0.00 153,336.00 ------------------- ------------------- ------------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,489,757,754.85 0.00 (8,944,743.90) ------------------- ------------------- ------------------- TOTAL CAPITALIZATION AND LIABILITIES $4,419,167,866.71 $27,275.00 $36,855,720.16 =================== =================== ===================
Item 10 - Consolidating Balance Sheets OHIO POWER COMPANY CONSOLIDATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------- OHIO POWER OHIO POWER DESCRIPTION COMPANY SEC REPORTING COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS ----------------------------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $6,531,314,842.29 $0.00 $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,485,946,974.37) 101,159,548.00 0.00 ------------------ ------------------ ----------------- ELECTRIC UTILITY PLANT - NET 4,045,367,867.92 101,159,548.00 0.00 ------------------ ------------------ ----------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 29,290,897.77 0.00 0.00 INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 646,814.00 0.00 0.00 TOTAL OTHER INVESTMENTS 23,617,149.88 0.00 0.00 ------------------ ------------------ ----------------- TOTAL OTHER PROPERTY AND INVESTMENTS 53,554,861.65 0.00 0.00 ------------------ ------------------ ----------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 58,250,285.59 0.00 0.00 ADVANCES TO AFFILIATES 67,918,020.70 0.00 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 100,959,701.41 23,060,143.88 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 120,531,929.50 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 736,175.32 (23,060,143.88) 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (789,244.62) 0.00 0.00 FUEL INVENTORY 77,725,300.56 0.00 0.00 MATERIALS AND SUPPLIES 92,135,723.09 0.00 0.00 RISK MANAGEMENT ASSETS 56,265,271.44 0.00 0.00 ACCRUED UNBILLED REVENUES 0.00 (17,220,879.00) 0.00 MARGIN DEPOSITS 9,296,461.69 9,296,461.69 0.00 PREPAYMENTS 10,033,003.21 0.00 (16,506,225.00) OTHER 23,070,436.00 7,924,417.31 0.00 ------------------ ------------------ ----------------- TOTAL CURRENT ASSETS 616,133,063.88 0.00 (16,506,225.00) ------------------ ------------------ ----------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 528,709,342.44 0.00 0.00 FAS 109 DEFERRED FIT RECLASS (16,391,744.00) 0.00 0.00 CLEARING ACCOUNTS 0.01 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 52,824,714.92 0.00 0.00 UNAMORTIZED DEBT EXPENSE 10,489,950.22 0.00 0.00 OTHER DEFERRED DEBITS 83,829,359.11 0.00 (39,416,939.00) ------------------ ------------------ ----------------- TOTAL DEFERRED CHARGES 659,461,622.69 0.00 (39,416,939.00) ------------------ ------------------ ----------------- TOTAL ASSETS $5,374,517,416.14 $101,159,548.00 ($55,923,164.00) ================== ================== ================= CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $321,201,454.00 $0.00 $0.00 PREMIUM ON CAPITAL STOCK 0.00 (728,972.21) 0.00 PAID-IN CAPITAL 462,483,651.86 49,535,553.77 (16,314,062.62) RETAINED EARNINGS 729,146,667.84 0.00 0.00 ACCUMULATED OTHER COMPREHENSIVE INCOME (48,806,581.56) (48,806,581.56) 0.00 ------------------ ------------------ ----------------- COMMON SHAREHOLDER'S EQUITY 1,464,025,192.14 0.00 (16,314,062.62) CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 16,645,400.00 0.00 0.00 LIABILITY FOR CUMULATIVE PREFERRED STOCK SUBJECT TO MANDATORY REDEMPTION 7,250,000.00 7,250,000.00 0.00 LONG-TERM DEBT - NONAFFILIATED 1,608,085,249.04 (7,250,000.00) 0.00 ------------------ ------------------ ----------------- TOTAL CAPITALIZATION 3,096,005,841.18 0.00 (16,314,062.62) ------------------ ------------------ ----------------- MINORITY INTEREST 16,314,062.62 16,314,062.62 0.00 ------------------ ------------------ ----------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 431,853,659.00 0.00 0.00 SHORT-TERM DEBT - GENERAL 25,940,955.49 0.00 0.00 ADVANCES FROM AFFILIATES 0.00 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 104,873,746.12 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATES 101,758,140.78 0.00 (55,923,164.00) CUSTOMER DEPOSITS 17,308,672.65 0.00 0.00 TAXES ACCRUED 132,792,835.06 0.00 0.00 INTEREST ACCRUED 45,678,727.12 0.00 0.00 RISK MANAGEMENT LIABILITIES 38,318,638.79 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 9,623,896.48 0.00 0.00 DIVIDENDS DECLARED 102,240.39 0.00 0.00 OTHER CURRENT LIABILITIES 71,539,599.75 0.00 0.00 ------------------ ------------------ ----------------- TOTAL CURRENT LIABILITIES 979,791,111.64 0.00 (55,923,164.00) ------------------ ------------------ ----------------- DEFERRED CREDITS AND REGULATORY LIABILITIES DEFERRED INCOME TAXES 1,090,202,075.16 0.00 0.00 DEFERRED FIT & DSIT RECLASS (156,619,782.24) 0.00 0.00 ASSET REMOVAL COSTS 101,159,548.00 101,159,548.00 0.00 DEFERRED INVESTMENT TAX CREDITS 15,640,519.00 0.00 0.00 OTHER REGULATORY LIABILTIES 3,288.73 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 100,601,508.71 (42,656,340.00) 0.00 OBLIGATIONS UNDER CAPITAL LEASES 25,063,582.41 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 42,656,340.00 42,656,340.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 40,476,845.18 0.00 0.00 OTHER DEFERRED CREDITS 23,222,475.75 (16,314,062.62) 16,314,062.62 ------------------ ------------------ ----------------- TOTAL DEFERRED CREDITS AND REGULATORY LIABILITIES 1,282,406,400.70 84,845,485.38 16,314,062.62 ------------------ ------------------ ----------------- TOTAL CAPITALIZATION AND LIABILITIES $5,374,517,416.14 $101,159,548.00 ($55,923,164.00) ================== ================== =================
Item 10 - Consolidating Balance Sheets OHIO POWER COMPANY CONSOLIDATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------- DESCRIPTION OHIO POWER COMPANY JMG FUNDING LP ---------------------------------------------------------------------------------------------------------- ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $5,844,174,108.83 $687,140,733.46 ACCUMULATED DEPRECIATION AND AMORTIZATION (2,421,875,305.21) (165,231,217.16) ------------------ ------------------ ELECTRIC UTILITY PLANT - NET 3,422,298,803.62 521,909,516.30 ------------------ ------------------ OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 29,290,897.77 0.00 INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 646,814.00 0.00 TOTAL OTHER INVESTMENTS 23,617,149.88 0.00 ------------------ ------------------ TOTAL OTHER PROPERTY AND INVESTMENTS 53,554,861.65 0.00 ------------------ ------------------ CURRENT ASSETS CASH AND CASH EQUIVALENTS 56,067,591.37 2,182,694.22 ADVANCES TO AFFILIATES 67,918,020.70 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 77,899,557.53 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 120,531,929.50 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 23,764,296.48 32,022.72 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (789,244.62) 0.00 FUEL INVENTORY 77,725,300.56 0.00 MATERIALS AND SUPPLIES 92,135,723.09 0.00 RISK MANAGEMENT ASSETS 56,265,271.44 0.00 ACCRUED UNBILLED REVENUES 17,220,879.00 0.00 MARGIN DEPOSITS 0.00 0.00 PREPAYMENTS 26,539,228.21 0.00 OTHER 15,146,018.69 0.00 ------------------ ------------------ TOTAL CURRENT ASSETS 630,424,571.94 2,214,716.94 ------------------ ------------------ DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 528,709,342.44 0.00 FAS 109 DEFERRED FIT RECLASS (16,391,744.00) 0.00 CLEARING ACCOUNTS 0.01 0.00 LONG-TERM RISK MANAGEMENT ASSETS 52,824,714.92 0.00 UNAMORTIZED DEBT EXPENSE 10,489,950.22 0.00 OTHER DEFERRED DEBITS 123,246,298.11 0.00 ------------------ ------------------ TOTAL DEFERRED CHARGES 698,878,561.69 0.00 ------------------ ------------------ TOTAL ASSETS $4,805,156,798.90 $524,124,233.24 ================== ================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $321,201,454.00 $0.00 PREMIUM ON CAPITAL STOCK 728,972.21 0.00 PAID-IN CAPITAL 412,948,098.09 16,314,062.62 RETAINED EARNINGS 729,146,667.84 0.00 ACCUMULATED OTHER COMPREHENSIVE INCOME 0.00 0.00 ------------------ ------------------ COMMON SHAREHOLDER'S EQUITY 1,464,025,192.14 16,314,062.62 CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 16,645,400.00 0.00 LIABILITY FOR CUMULATIVE PREFERRED STOCK SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 LONG-TERM DEBT - NONAFFILIATED 1,221,349,806.12 393,985,442.92 ------------------ ------------------ TOTAL CAPITALIZATION 2,702,020,398.26 410,299,505.54 ------------------ ------------------ MINORITY INTEREST 0.00 0.00 ------------------ ------------------ CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 423,000,000.00 8,853,659.00 SHORT-TERM DEBT - GENERAL 0.00 25,940,955.49 ADVANCES FROM AFFILIATES 0.00 0.00 ACCOUNTS PAYABLE - GENERAL 104,873,746.12 0.00 ACCOUNTS PAYABLE - AFFILIATES 101,758,140.78 55,923,164.00 CUSTOMER DEPOSITS 17,308,672.65 0.00 TAXES ACCRUED 132,792,835.06 0.00 INTEREST ACCRUED 40,357,768.58 5,320,958.54 RISK MANAGEMENT LIABILITIES 38,318,638.79 0.00 OBLIGATIONS UNDER CAPITAL LEASES 9,623,896.48 0.00 DIVIDENDS DECLARED 102,240.39 0.00 OTHER CURRENT LIABILITIES 53,753,609.08 17,785,990.67 ------------------ ------------------ TOTAL CURRENT LIABILITIES 921,889,547.94 113,824,727.70 ------------------ ------------------ DEFERRED CREDITS AND REGULATORY LIABILITIES DEFERRED INCOME TAXES 1,090,202,075.16 0.00 DEFERRED FIT & DSIT RECLASS (156,619,782.24) 0.00 ASSET REMOVAL COSTS 0.00 0.00 DEFERRED INVESTMENT TAX CREDITS 15,640,519.00 0.00 OTHER REGULATORY LIABILTIES 3,288.73 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 143,257,848.71 0.00 OBLIGATIONS UNDER CAPITAL LEASES 25,063,582.41 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 40,476,845.18 0.00 OTHER DEFERRED CREDITS 23,222,475.75 0.00 ------------------ ------------------ TOTAL DEFERRED CREDITS AND REGULATORY LIABILITIES 1,181,246,852.70 0.00 ------------------ ------------------ TOTAL CAPITALIZATION AND LIABILITIES $4,805,156,798.90 $524,124,233.24 ================== ==================
Item 10 - Consolidating Balance Sheets SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ SOUTHWESTERN SOUTHWESTERN DESCRIPTION ELECTRIC POWER ELECTRIC POWER COMPANY SEC REPORTING COMPANY CONSOLIDATED ADJUSTMENTS ELIMINATIONS ------------------------------------------------------------------------------------------------------------------------------------ ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $3,799,459,946.09 $0.00 $0.00 ACCUMULATED DEPRECIATION AND AMORTIZATION (1,617,846,204.00) 236,408,699.00 0.00 --------------------- --------------------- --------------------- ELECTRIC UTILITY PLANT - NET 2,181,613,742.10 236,408,699.00 0.00 --------------------- --------------------- --------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 3,808,010.55 0.00 0.00 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 191,383.70 0.00 (15,223,869.28) TOTAL OTHER INVESTMENTS 4,518,917.42 0.00 (4,179,728.00) --------------------- --------------------- --------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 8,518,311.67 0.00 (19,403,597.28) --------------------- --------------------- --------------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 11,724,352.26 0.00 0.00 ADVANCES TO AFFILIATES 66,475,640.13 0.00 (1,820,038.80) ACCOUNTS RECEIVABLE - CUSTOMERS 41,473,705.45 15,050,164.44 0.00 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 10,393,624.25 0.00 (8,989,201.98) ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 (22,099,134.95) 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 4,682,309.38 (15,050,164.44) 0.00 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,092,942.10) 0.00 0.00 FUEL INVENTORY 63,880,797.74 0.00 0.00 MATERIALS AND SUPPLIES 33,775,398.67 0.00 0.00 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COSTS 11,394,000.00 11,394,000.00 0.00 RISK MANAGEMENT ASSETS 19,714,543.12 0.00 0.00 MARGIN DEPOSITS 5,122,738.30 5,122,738.30 0.00 PREPAYMENTS 19,073,635.00 0.00 0.00 OTHER 4,850.00 (5,122,738.30) 0.00 --------------------- --------------------- --------------------- TOTAL CURRENT ASSETS 285,622,652.21 (10,705,134.95) (10,809,240.78) --------------------- --------------------- --------------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 75,515,625.10 0.00 0.00 FAS 109 DEFERRED FIT RECLASS (37,090,268.00) 0.00 0.00 CLEARING ACCOUNTS 1,828,830.34 0.00 0.00 UNAMORTIZED DEBT EXPENSE 5,820,310.78 0.00 0.00 LONG-TERM RISK MANAGEMENT ASSETS 12,177,502.71 0.00 0.00 OTHER DEFERRED DEBITS 47,955,970.55 0.00 (4,249,437.99) --------------------- --------------------- --------------------- TOTAL DEFERRED CHARGES 106,207,971.48 0.00 (4,249,437.99) --------------------- --------------------- --------------------- TOTAL ASSETS $2,581,962,677.45 $225,703,564.05 ($34,462,276.05) ===================== ===================== ===================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $135,659,520.00 $0.00 ($1,000.00) PREMIUM ON CAPITAL STOCK 0.00 (3,620.64) 0.00 PAID-IN CAPITAL 245,003,620.64 43,913,791.64 (4,242,153.08) RETAINED EARNINGS 359,906,742.39 0.00 (2,719,344.68) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (43,910,171.00) (43,910,171.00) 0.00 --------------------- --------------------- --------------------- COMMON SHAREHOLDER'S EQUITY 696,659,712.03 0.00 (6,962,497.76) CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 4,699,600.00 0.00 0.00 LONG-TERM DEBT 741,594,997.01 0.00 (9,628,562.12) --------------------- --------------------- --------------------- TOTAL CAPITALIZATION 1,442,954,309.04 0.00 (16,591,059.88) --------------------- --------------------- --------------------- MINORITY INTEREST 1,367,190.61 1,367,190.61 0.00 --------------------- --------------------- --------------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN 1 YR 142,714,210.68 0.00 0.00 ADVANCES FROM AFFILIATES 0.00 0.00 (1,820,038.80) ACCOUNTS PAYABLE - GENERAL 37,645,508.97 0.00 0.00 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 35,138,037.99 (22,099,134.95) (8,989,201.98) CUSTOMER DEPOSITS 24,259,934.92 0.00 0.00 TAXES ACCRUED 28,690,883.86 0.00 0.00 INTEREST ACCRUED 16,851,774.05 1,821.51 0.00 RISK MANAGEMENT LIABILITIES 11,361,450.08 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 3,158,757.87 0.00 0.00 OVER-RECOVERY OF FUEL COST 4,177,623.56 11,392,178.49 0.00 DIVIDENDS DECLARED 57,263.42 0.00 0.00 OTHER 53,696,014.94 (10,375,595.36) (8,429,166.00) --------------------- --------------------- --------------------- TOTAL CURRENT LIABILITIES 357,751,460.34 (21,080,730.31) (19,238,406.78) --------------------- --------------------- --------------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 429,778,451.00 0.00 0.00 DEFERRED FIT & SIT RECLASS (80,714,472.00) 0.00 0.00 LONG-TERM RISK MANAGEMENT LIABILITIES 4,667,147.84 0.00 0.00 ASSET REMOVAL COSTS 236,408,699.00 236,408,699.00 0.00 DEFERRED INVESTMENT TAX CREDITS 39,864,304.00 0.00 0.00 OTHER REGULATORY LIABILTIES 21,194,959.04 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 184,066.02 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 8,429,166.00 8,429,166.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 18,383,204.46 0.00 0.00 ACCUMULATED PROVISIONS - RATE REFUND 8,562,000.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 60,165,014.45 (8,429,166.00) 0.00 OTHER DEFERRED CREDITS 32,967,177.65 9,008,404.75 1,367,190.61 --------------------- --------------------- --------------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 779,889,717.46 245,417,103.75 1,367,190.61 --------------------- --------------------- --------------------- TOTAL CAPITALIZATION & LIABILITIES $2,581,962,677.45 $225,703,564.05 ($34,462,276.05) ===================== ===================== =====================
Item 10 - Consolidating Balance Sheets SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED CONSOLIDATING BALANCE SHEET DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ DESCRIPTION SOUTHWESTERN ELECTRIC POWER DOLET HILLS SABINE MINING COMPANY LIGNITE COMPANY COMPANY ------------------------------------------------------------------------------------------------------------------------------------ ASSETS: ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT $3,605,376,479.75 $54,461,471.86 $139,621,994.48 ACCUMULATED DEPRECIATION AND AMORTIZATION (1,744,363,068.12) (18,616,481.57) (91,275,353.31) --------------------- --------------------- -------------------- ELECTRIC UTILITY PLANT - NET 1,861,013,411.64 35,844,990.29 48,346,641.17 --------------------- --------------------- -------------------- OTHER PROPERTY AND INVESTMENTS NON-UTILITY PROPERTY, NET 3,808,010.55 0.00 0.00 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 15,415,252.98 0.00 0.00 TOTAL OTHER INVESTMENTS 4,518,917.42 0.00 4,179,728.00 --------------------- --------------------- -------------------- TOTAL OTHER PROPERTY AND INVESTMENTS 23,742,180.95 0.00 4,179,728.00 --------------------- --------------------- -------------------- CURRENT ASSETS CASH AND CASH EQUIVALENTS 8,760,167.09 150,500.00 2,813,685.17 ADVANCES TO AFFILIATES 65,384,536.69 2,911,142.24 0.00 ACCOUNTS RECEIVABLE - CUSTOMERS 26,422,790.18 0.00 750.83 ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 10,405,276.25 3,019,117.62 5,958,432.36 ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 22,099,134.95 0.00 0.00 ACCOUNTS RECEIVABLE - MISCELLANEOUS 14,868,300.38 2,580,558.72 2,283,614.72 ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,092,942.10) 0.00 0.00 FUEL INVENTORY 51,307,459.16 4,119,657.33 8,453,681.25 MATERIALS AND SUPPLIES 29,403,398.67 4,372,000.00 0.00 REGULATORY ASSET FOR UNDER-RECOVERED FUEL COSTS 0.00 0.00 0.00 RISK MANAGEMENT ASSETS 19,714,543.12 0.00 0.00 MARGIN DEPOSITS 0.00 0.00 0.00 PREPAYMENTS 18,723,501.18 289,290.93 60,842.89 OTHER 5,127,588.30 0.00 0.00 --------------------- --------------------- -------------------- TOTAL CURRENT ASSETS 270,123,753.88 17,442,266.84 19,571,007.22 --------------------- --------------------- -------------------- DEFERRED DEBITS AND OTHER ASSETS REGULATORY ASSETS 75,515,625.10 0.00 0.00 FAS 109 DEFERRED FIT RECLASS (37,090,268.00) 0.00 0.00 CLEARING ACCOUNTS 1,828,830.34 0.00 0.00 UNAMORTIZED DEBT EXPENSE 5,141,732.59 352,488.25 326,089.94 LONG-TERM RISK MANAGEMENT ASSETS 12,177,502.71 0.00 0.00 OTHER DEFERRED DEBITS 2,541,629.38 34,130,513.16 15,533,266.00 --------------------- --------------------- -------------------- TOTAL DEFERRED CHARGES 60,115,052.12 34,483,001.41 15,859,355.94 --------------------- --------------------- -------------------- TOTAL ASSETS $2,214,994,398.59 $87,770,258.54 $87,956,732.33 ===================== ===================== ==================== CAPITALIZATION AND LIABILITIES: CAPITALIZATION COMMON STOCK $135,659,520.00 $0.00 $1,000.00 PREMIUM ON CAPITAL STOCK 3,620.64 0.00 0.00 PAID-IN CAPITAL 201,089,829.00 4,907,153.08 (665,000.00) RETAINED EARNINGS 359,906,742.37 688,154.09 2,031,190.61 ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00 --------------------- --------------------- -------------------- COMMON SHAREHOLDER'S EQUITY 696,659,712.01 5,595,307.17 1,367,190.61 CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 4,699,600.00 0.00 0.00 LONG-TERM DEBT 673,583,566.92 43,139,992.21 34,500,000.00 --------------------- --------------------- -------------------- TOTAL CAPITALIZATION 1,374,942,878.93 48,735,299.38 35,867,190.61 --------------------- --------------------- -------------------- MINORITY INTEREST 0.00 0.00 0.00 --------------------- --------------------- -------------------- CURRENT LIABILITIES LONG-TERM DEBT DUE WITHIN 1 YR 132,885,000.00 6,829,210.68 3,000,000.00 ADVANCES FROM AFFILIATES 0.00 1,820,038.80 0.00 ACCOUNTS PAYABLE - GENERAL 35,889,323.37 98,422.00 1,657,763.60 ACCOUNTS PAYABLE - AFFILIATED COMPANIES 66,125,081.60 101,293.32 0.00 CUSTOMER DEPOSITS 24,259,934.92 0.00 0.00 TAXES ACCRUED 29,174,084.25 (1,943,546.60) 1,460,346.21 INTEREST ACCRUED 16,254,044.14 40,071.70 555,836.70 RISK MANAGEMENT LIABILITIES 10,790,450.08 0.00 571,000.00 OBLIGATIONS UNDER CAPITAL LEASES 328,977.87 0.00 2,829,780.00 OVER-RECOVERY OF FUEL COST (7,214,554.93) 0.00 0.00 DIVIDENDS DECLARED 57,263.42 0.00 0.00 OTHER 56,875,959.75 11,629,566.67 3,995,249.88 --------------------- --------------------- -------------------- TOTAL CURRENT LIABILITIES 365,425,564.47 18,575,056.57 14,069,976.39 --------------------- --------------------- -------------------- DEFERRED CREDITS AND OTHER LIABILITIES DEFERRED INCOME TAXES 420,106,254.00 4,069,987.00 5,602,210.00 DEFERRED FIT & SIT RECLASS (80,151,123.00) (122,502.00) (440,847.00) LONG-TERM RISK MANAGEMENT LIABILITIES 4,215,147.84 0.00 452,000.00 ASSET REMOVAL COSTS 0.00 0.00 0.00 DEFERRED INVESTMENT TAX CREDITS 39,864,304.00 0.00 0.00 OTHER REGULATORY LIABILTIES 21,194,959.04 0.00 0.00 UNAMORTIZED GAIN ON REACQUIRED DEBT 184,066.02 0.00 0.00 ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00 OBLIGATIONS UNDER CAPITAL LEASES 338,932.46 0.00 18,044,272.00 ACCUMULATED PROVISIONS - RATE REFUND 8,562,000.00 0.00 0.00 ACCUMULATED PROVISIONS - MISCELLANEOUS 37,999,554.59 16,512,417.59 14,082,208.27 OTHER DEFERRED CREDITS 22,311,860.23 0.00 279,722.06 --------------------- --------------------- -------------------- TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 474,625,955.18 20,459,902.59 38,019,565.33 --------------------- --------------------- -------------------- TOTAL CAPITALIZATION & LIABILITIES $2,214,994,398.59 $87,770,258.54 $87,956,732.33 ===================== ===================== ====================
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN ELECTRIC SEC REPORTING POWER COMPANY ADJUSTMENTS/ AMERICAN ELECTRIC CONSOLIDATED ELIMINATIONS POWER COMPANY ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $109,735 ($231,699) $106,393 PLUS: DISCONTINUED OPERATIONS 605,379 605,379 0 -------------- -------------- --------------- INCOME FROM CONTINUING OPERATIONS 715,114 373,680 106,393 -------------- -------------- --------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 1,299,428 (8,753) 147 DEFERRED INCOME TAXES 162,844 (15,669) 0 DEFERRED INVESTMENT TAX CREDITS (33,326) 1,026 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (192,763) 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 720,074 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES (2,019) (222) 0 AMORTIZATION OF COOK PLANT RESTART COSTS 40,000 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES (74,000) (74,000) 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (121,565) (2,535) 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 218,692 (218,692) CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 362,644 (405,002) 16,693 ACCRUED UTILITY REVENUES 0 20,301 0 PREPAYMENTS AND OTHER 0 13,096 0 FUEL, MATERIALS AND SUPPLIES (71,038) 8,050 0 ACCOUNTS PAYABLE (631,923) 321,706 (14,555) INTEREST ACCRUED 0 (28,263) 0 CUSTOMER DEPOSITS 0 (4,339) 0 INCENTIVE PLAN ACCRUED 0 7,210 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 75,822 0 TAXES ACCRUED 86,629 136 (10,491) FUEL RECOVERY 137,987 0 0 ROCKPORT PLANT UNIT 2 0 5,571 0 RATE STABILIZATION DEFERRAL 0 75,601 0 CHANGE IN OPERATING RESERVES 0 46,984 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 27,754 0 CHANGE IN OTHER ASSETS (162,409) (510,613) 19,236 CHANGE IN OTHER LIABILITIES 72,067 (741,680) 617,471 -------------- -------------- --------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 2,307,743 (595,447) 516,202 -------------- -------------- --------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (1,358,401) (15,603) 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET (614,978) 0 0 INVESTMENT IN SUBSIDIARIES (0) (489,843) 502,118 PROCEEDS FROM SALE OF ASSETS 81,768 7,325 0 OTHER 3,723 (13,004) 0 -------------- -------------- --------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (1,887,888) (511,125) 502,118 -------------- -------------- --------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 1,142,206 0 1,142,206 CAPITAL CONTRIBUTION FROM PARENT 0 (1,118,564) 12,264 ISSUANCE OF LONG-TERM DEBT 4,761,086 (499) 757,022 CHANGE IN SHORT-TERM DEBT, NET (2,781,148) 787,052 (2,132,328) CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 565,000 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 (197,282) 0 RETIREMENT OF LONG-TERM DEBT (2,707,134) (124,392) (311,215) RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 475,000 0 RETIREMENT OF PREFERRED STOCK (9,122) (500) 0 RETIREMENT OF MINORITY INTEREST (225,000) 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 4,474 0 DIVIDENDS PAID ON COMMON STOCK (618,053) 726,373 (618,053) -------------- -------------- --------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (437,164) 1,116,662 (1,150,103) -------------- -------------- --------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,309) 10,090 (131,783) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,199,449 (23,253) 1,006,665 -------------- -------------- --------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,182,140 (13,163) 874,882 ============== ============== =============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS (10,090) (10,090) 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 23,253 23,253 0 -------------- -------------- --------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $13,163 $13,163 $0 ============== ============== ===============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AMERICAN ELECTRIC POWER SERVICE AEP TEXAS AEP MONEY CORPORATION POLR, LLC POOL ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $0 ($6,429) $0 PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 0 (6,429) 0 -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 8,618 2 0 DEFERRED INCOME TAXES (36,937) (1,240) 0 DEFERRED INVESTMENT TAX CREDITS (51) 0 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 304,552 8,533 (48,046) ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES 13 0 0 ACCOUNTS PAYABLE (67,897) (568) 31,581 INTEREST ACCRUED 0 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED 8,799 (192) 0 FUEL RECOVERY 0 0 0 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS 6,793 (0) (2,288) CHANGE IN OTHER LIABILITIES (100,511) (2,260) 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 123,379 (2,155) (18,752) -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 46,012 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 0 0 0 OTHER 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 46,012 0 0 -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 0 ISSUANCE OF LONG-TERM DEBT 0 0 0 CHANGE IN SHORT-TERM DEBT, NET (155,669) 3,156 18,752 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0 RETIREMENT OF LONG-TERM DEBT (15,100) 0 0 RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0 RETIREMENT OF PREFERRED STOCK 0 0 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0 DIVIDENDS PAID ON COMMON STOCK 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (170,769) 3,156 18,752 -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,378) 1,002 0 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,998 (969) 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,620 33 0 ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AEP GENERATING CENTRAL COAL AEP T&D COMPANY COMPANY SERVICES, LLC ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $7,964 $0 $28 PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 7,964 0 28 -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 22,686 0 4 DEFERRED INCOME TAXES (5,838) (110) 9 DEFERRED INVESTMENT TAX CREDITS (3,354) 0 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES (45) 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET (6,294) 20 105 ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES (385) 0 0 ACCOUNTS PAYABLE 476 118 (37) INTEREST ACCRUED 0 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED 3,743 3 (92) FUEL RECOVERY 0 0 0 ROCKPORT PLANT UNIT 2 (5,571) 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS 3,531 (55) (5) CHANGE IN OTHER LIABILITIES 1,007 223 (11) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 17,920 200 2 -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (22,197) 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 105 0 0 OTHER 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (22,092) 0 0 -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 0 ISSUANCE OF LONG-TERM DEBT 0 0 0 CHANGE IN SHORT-TERM DEBT, NET 0 (200) (2) CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 8,858 0 0 RETIREMENT OF LONG-TERM DEBT 0 0 0 RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0 RETIREMENT OF PREFERRED STOCK 0 0 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0 DIVIDENDS PAID ON COMMON STOCK (4,686) 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 4,172 (200) (2) -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 0 0 (0) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 0 0 (0) ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ APPALACHIAN INDIANA POWER FRANKLIN FRANKLIN REAL COMPANY REALTY, INC. ESTATE COMPANY CONSOLIDATED ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $0 $0 $280,040 PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 0 0 280,040 -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 0 0 175,772 DEFERRED INCOME TAXES 0 0 24,563 DEFERRED INVESTMENT TAX CREDITS 0 0 (3,146) CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 (77,257) ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 56,409 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 78 214 (6,825) ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES 0 0 (1,252) ACCOUNTS PAYABLE (97) (80) (17,611) INTEREST ACCRUED 0 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 (7,210) EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED 0 1 21,078 FUEL RECOVERY 0 0 74,071 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 (75,601) CHANGE IN OPERATING RESERVES 0 0 (46,984) DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS 0 0 (17,813) CHANGE IN OTHER LIABILITIES (131) (603) 83,042 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES (151) (468) 461,276 -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 0 (288,577) INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 0 0 1,969 OTHER 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 0 (286,608) -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 0 ISSUANCE OF LONG-TERM DEBT 0 0 580,649 CHANGE IN SHORT-TERM DEBT, NET 30 (194) 0 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 43,789 RETIREMENT OF LONG-TERM DEBT 0 0 (622,737) RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0 RETIREMENT OF PREFERRED STOCK 0 0 (5,506) RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 (1,001) DIVIDENDS PAID ON COMMON STOCK 0 0 (128,266) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 30 (194) (133,072) -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (120) (662) 41,596 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 120 662 4,285 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD (0) (0) 45,881 ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- COLUMBUS INDIANA SOUTHERN MICHIGAN POWER COMPANY POWER COMPANY KENTUCKY POWER CONSOLIDATED CONSOLIDATED COMPANY --------------------------------------------------------------------------------------------------------------------------------- OPERATING ACTIVITIES NET INCOME (LOSS) $200,430 $86,388 $32,330 PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 200,430 86,388 32,330 -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 135,964 171,281 39,309 DEFERRED INCOME TAXES (4,514) (14,894) 20,107 DEFERRED INVESTMENT TAX CREDITS (3,110) (7,431) (1,210) CUMULATIVE EFFECT OF ACCOUNTING CHANGES (27,283) 3,160 1,134 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 10,300 0 AMORTIZATION OF DEFERRED PROPERTY TAXES (529) 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 40,000 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 41,830 43,938 15,112 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET (5,590) 34,346 2,445 ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES 6,441 (11,013) 878 ACCOUNTS PAYABLE (59,543) (69,396) (45,100) INTEREST ACCRUED 6,730 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED 20,681 (29,370) 8,582 FUEL RECOVERY 0 37,501 233 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 (27,754) 0 CHANGE IN OTHER ASSETS (20,563) (24,302) (16,588) CHANGE IN OTHER LIABILITIES (8,762) (19,981) 4,565 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 282,182 222,773 61,797 -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (136,291) (184,188) (81,707) INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 1,644 0 967 OTHER 0 1,485 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (134,647) (182,703) (80,740) -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 0 ISSUANCE OF LONG-TERM DEBT 643,097 64,434 74,263 CHANGE IN SHORT-TERM DEBT, NET 0 0 0 CHANGE IN SHORT-TERM DEBT - AFFILIATES (290,000) 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 37,774 290,048 14,710 RETIREMENT OF LONG-TERM DEBT (212,500) (350,000) (40,000) RETIREMENT OF LONG-TERM DEBT AFFILIATES (160,000) 0 (15,000) RETIREMENT OF PREFERRED STOCK 0 (1,500) 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 (2,375) 0 DIVIDENDS PAID ON COMMON STOCK (163,243) (40,000) (16,448) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (144,872) (39,393) 17,525 -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,663 677 (1,418) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,479 3,237 2,304 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,142 3,914 886 ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- KINGSPORT OHIO POWER WHEELING POWER COMPANY POWER COMPANY CONSOLIDATED COMPANY --------------------------------------------------------------------------------------------------------------------------------- OPERATING ACTIVITIES NET INCOME (LOSS) $4,729 $375,663 $10,275 PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 4,729 375,663 10,275 -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 3,632 257,417 2,455 DEFERRED INCOME TAXES 511 24,482 697 DEFERRED INVESTMENT TAX CREDITS (64) (3,107) (34) CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 (124,632) 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 (855) (18) AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 60,064 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 478 16,335 909 ACCRUED UTILITY REVENUES 0 (20,301) 0 PREPAYMENTS AND OTHER 0 (13,096) 0 FUEL, MATERIALS AND SUPPLIES 22 2,927 35 ACCOUNTS PAYABLE (10,194) (173,218) (6,555) INTEREST ACCRUED 0 21,533 0 CUSTOMER DEPOSITS 0 4,339 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 (75,822) 0 TAXES ACCRUED 1,187 21,015 1,800 FUEL RECOVERY 0 0 0 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS 44 (23,302) 4,682 CHANGE IN OTHER LIABILITIES (227) 24,001 (6,153) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 118 373,443 8,091 -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (4,121) (244,312) (5,472) INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 0 7,301 314 OTHER 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (4,121) (237,011) (5,158) -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 0 ISSUANCE OF LONG-TERM DEBT 0 988,914 0 CHANGE IN SHORT-TERM DEBT, NET 8,196 (671) 1,168 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 (275,000) 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 (197,897) 0 RETIREMENT OF LONG-TERM DEBT 0 (128,378) 0 RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 (300,000) 0 RETIREMENT OF PREFERRED STOCK 0 (1,603) 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 (1,098) 0 DIVIDENDS PAID ON COMMON STOCK (4,000) (167,734) (4,000) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 4,196 (83,467) (2,832) -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 192 52,965 101 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD (65) 5,285 104 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 127 58,250 205 ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AEP AEP AEP INVESTMENTS RESOURCES COMMUNICATIONS INC. INC. INC. ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) ($5,018) ($1,121,424) ($3,600) PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS (5,018) (1,121,424) (3,600) -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 59 30,194 1,359 DEFERRED INCOME TAXES (531) 82,744 7,231 DEFERRED INVESTMENT TAX CREDITS 0 0 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 43,610 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 573,148 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 484 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 (292,897) 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 86 290,857 5,820 ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES 0 (105,376) 15 ACCOUNTS PAYABLE 57,646 (335,097) (14,145) INTEREST ACCRUED 0 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED (473) (55,517) (5,628) FUEL RECOVERY 0 0 0 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS (22,874) 719,450 2,520 CHANGE IN OTHER LIABILITIES 2,205 111,553 (1,826) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 31,099 (58,755) (7,772) -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 (25,315) 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 (646,602) 0 INVESTMENT IN SUBSIDIARIES (4,993) (7,500) 0 PROCEEDS FROM SALE OF ASSETS 0 8,200 0 OTHER (35,517) 23,979 3,790 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (40,510) (647,238) 3,790 -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 7,107 1,097,285 0 ISSUANCE OF LONG-TERM DEBT 0 0 0 CHANGE IN SHORT-TERM DEBT, NET 2,377 (18,148) 29,350 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0 RETIREMENT OF LONG-TERM DEBT 0 (139,944) (25,000) RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0 RETIREMENT OF PREFERRED STOCK 0 0 0 RETIREMENT OF MINORITY INTEREST 0 (225,000) 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0 DIVIDENDS PAID ON COMMON STOCK 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 9,484 714,194 4,350 -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 73 8,200 368 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7 48,849 (368) -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 80 57,049 0 ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- AEP UTILITIES INCORPORATED AEP C&I AEP DESERT CONSOLIDATED COMPANY, LLC SKY LP, LLC --------------------------------------------------------------------------------------------------------------------------------- OPERATING ACTIVITIES NET INCOME (LOSS) $375,937 $739 ($595) PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 375,937 739 (595) -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 442,140 6 3 DEFERRED INCOME TAXES 121,520 (23,326) 106 DEFERRED INVESTMENT TAX CREDITS (12,845) 0 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (11,710) 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 70,000 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES (833) 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (31,813) 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 177,577 46,612 (307) ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES 24,868 2,529 0 ACCOUNTS PAYABLE (239,486) (29,204) 44,465 INTEREST ACCRUED 0 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED 131,381 (44,760) (3,445) FUEL RECOVERY 26,182 0 0 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS (224,440) 2,110 6,416 CHANGE IN OTHER LIABILITIES 128,860 24,207 (46,931) -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 977,338 (21,087) (287) -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (396,630) 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 31,624 0 0 INVESTMENT IN SUBSIDIARIES 836 (618) 0 PROCEEDS FROM SALE OF ASSETS 14,805 0 0 OTHER 22,990 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (326,375) (618) 0 -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT (3,651) (6,872) 0 ISSUANCE OF LONG-TERM DEBT 1,653,206 0 0 CHANGE IN SHORT-TERM DEBT, NET (1,372,397) 23,490 287 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0 RETIREMENT OF LONG-TERM DEBT (738,609) 0 0 RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0 RETIREMENT OF PREFERRED STOCK (13) 0 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0 DIVIDENDS PAID ON COMMON STOCK (183,996) 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (645,460) 16,618 287 -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,503 (5,087) (0) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 124,279 5,120 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 129,782 33 (0) ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AEP DESERT AEP AEP POWER SKY LP II, LLC COAL, INC. MARKETING, INC. ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $2,857 ($41,382) $14,640 PLUS: DISCONTINUED OPERATIONS 0 0 0 -------------- -------------- -------------- INCOME FROM CONTINUING OPERATIONS 2,857 (41,382) 14,640 -------------- -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 9,053 6,014 0 DEFERRED INCOME TAXES 1,968 (19,224) 4,165 DEFERRED INVESTMENT TAX CREDITS 0 0 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES 215 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 66,626 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 (11,900) EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET (57,916) 5,477 (42,206) ACCRUED UTILITY REVENUES 0 0 0 PREPAYMENTS AND OTHER 0 0 0 FUEL, MATERIALS AND SUPPLIES 0 (1,654) 0 ACCOUNTS PAYABLE 8,048 (2,971) 18,480 INTEREST ACCRUED 0 0 0 CUSTOMER DEPOSITS 0 0 0 INCENTIVE PLAN ACCRUED 0 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0 TAXES ACCRUED 1,396 153 3,572 FUEL RECOVERY 0 0 0 ROCKPORT PLANT UNIT 2 0 0 0 RATE STABILIZATION DEFERRAL 0 0 0 CHANGE IN OPERATING RESERVES 0 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0 CHANGE IN OTHER ASSETS (4,487) (7,664) (0) CHANGE IN OTHER LIABILITIES 46,260 (6,352) 2,118 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 7,393 (976) (11,130) -------------- -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 0 6,072 0 OTHER 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 6,072 0 -------------- -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 0 ISSUANCE OF LONG-TERM DEBT 0 0 0 CHANGE IN SHORT-TERM DEBT, NET 998 (6,694) 11,130 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0 RETIREMENT OF LONG-TERM DEBT (6,759) 0 0 RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0 RETIREMENT OF PREFERRED STOCK 0 0 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0 DIVIDENDS PAID ON COMMON STOCK 0 0 0 -------------- -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (5,761) (6,694) 11,130 -------------- -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,631 (1,598) (0) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 13,360 4,225 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,991 2,627 (0) ============== ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 -------------- -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------ AEP PRO MUTUAL SERV, INC. ENERGY LLC ------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) ($6,361) $27,833 PLUS: DISCONTINUED OPERATIONS 0 0 -------------- -------------- INCOME FROM CONTINUING OPERATIONS (6,361) 27,833 -------------- -------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 1,708 358 DEFERRED INCOME TAXES 661 (3,634) DEFERRED INVESTMENT TAX CREDITS 0 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 227 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 18,235 5,457 ACCRUED UTILITY REVENUES 0 0 PREPAYMENTS AND OTHER 0 0 FUEL, MATERIALS AND SUPPLIES 86 2,778 ACCOUNTS PAYABLE (21,530) (7,162) INTEREST ACCRUED 0 0 CUSTOMER DEPOSITS 0 0 INCENTIVE PLAN ACCRUED 0 0 EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 TAXES ACCRUED 15,796 (2,727) FUEL RECOVERY 0 0 ROCKPORT PLANT UNIT 2 0 0 RATE STABILIZATION DEFERRAL 0 0 CHANGE IN OPERATING RESERVES 0 0 DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 CHANGE IN OTHER ASSETS 2,645 (54,842) CHANGE IN OTHER LIABILITIES (39,723) 1,706 -------------- -------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES (28,483) (30,006) -------------- -------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 INVESTMENT IN SUBSIDIARIES 0 0 PROCEEDS FROM SALE OF ASSETS 0 33,066 OTHER 0 0 -------------- -------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 33,066 -------------- -------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 CAPITAL CONTRIBUTION FROM PARENT 12,431 0 ISSUANCE OF LONG-TERM DEBT 0 0 CHANGE IN SHORT-TERM DEBT, NET 8,070 11,099 CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 RETIREMENT OF LONG-TERM DEBT 7,500 0 RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 RETIREMENT OF PREFERRED STOCK 0 0 RETIREMENT OF MINORITY INTEREST 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 DIVIDENDS PAID ON COMMON STOCK 0 (14,000) -------------- -------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 28,001 (2,901) -------------- -------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (482) 159 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,284 (159) -------------- -------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 802 (0) ============== ============== NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 -------------- -------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 ============== ==============
Item 10 - Consolidating Statements of Cash Flows AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AEP UTILITIES AEP UTILITIES INCORPORATED INCORPORATED AEP UTILITIES CONSOLIDATED ELIMINATIONS INCORPORATED ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $375,937 ($393,273) $375,938 PLUS: DISCONTINUED OPERATIONS 0 0 0 ------------- ------------- ------------- INCOME FROM CONTINUING OPERATIONS 375,937 (393,273) 375,938 ------------- ------------- ------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 442,140 0 431 EXTRAORDINARY LOSS - NET OF TAX 0 (177) 0 DEFERRED INCOME TAXES 121,520 0 8,389 DEFERRED INVESTMENT TAX CREDITS (12,845) (2) 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES 0 CUMULATIVE EFFECT OF ACCOUNTING CHANGES (11,710) 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 70,000 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES (833) 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (31,813) (10,511) 0 WHOLESALE CAPACITY AUCTION TRUE-UP 0 218,000 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 392,486 (392,486) CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 177,577 136,202 (5,893) FUEL, MATERIALS AND SUPPLIES 24,868 (1) 0 ACCOUNTS PAYABLE (239,486) (139,309) (16,758) INTEREST ACCRUED 0 8,009 0 TAXES ACCRUED 131,381 1 11,154 FUEL RECOVERY 26,182 (4,541) 0 CHANGE IN OTHER ASSETS (224,440) (227,824) 2,945 CHANGE IN OTHER LIABILITIES 128,860 (214,551) 165,989 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 977,339 (235,491) 149,708 ------------- ------------- ------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (396,630) 0 (237) INVESTMENT IN DISCONTINUED OPERATIONS, NET 31,624 0 0 INVESTMENT IN SUBSIDIARIES 836 18,467 (18,467) PROCEEDS FROM SALE OF ASSETS 14,805 0 0 OTHER 22,990 0 0 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (326,375) 18,467 (18,704) ------------- ------------- ------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT (3,651) (11,294) 55,758 ISSUANCE OF LONG-TERM DEBT 1,653,206 1 0 CHANGE IN SHORT-TERM DEBT, NET (1,372,397) (1,227,450) 21,596 CHANGE IN SHORT-TERM DEBT AFFILIATES 0 775,000 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 452,366 0 RETIREMENT OF LONG-TERM DEBT (738,609) 0 0 RETIREMENT OF PREFERRED STOCK (13) (1) 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK (0) 787 0 DIVIDENDS PAID ON COMMON STOCK (183,996) 227,619 (183,997) ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (645,461) 217,028 (106,643) ------------- ------------- ------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,503 4 24,361 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 124,279 0 5 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 129,782 4 24,366 ============= ============= ============= NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============= ============= =============
Item 10 - Consolidating Statements of Cash Flows AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- AEP CREDIT ENERSHOP CSW LEASING INCORPORATED INCORPORATED INCORPORATED --------------------------------------------------------------------------------------------------------------------------------- OPERATING ACTIVITIES NET INCOME (LOSS) $4,356 ($985) ($0) PLUS: DISCONTINUED OPERATIONS 0 0 0 ------------- ------------- ------------- INCOME FROM CONTINUING OPERATIONS 4,356 (985) (0) ------------- ------------- ------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 0 1 0 EXTRAORDINARY LOSS - NET OF TAX 0 0 0 DEFERRED INCOME TAXES 5,120 (54) 0 DEFERRED INVESTMENT TAX CREDITS 0 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 0 WHOLESALE CAPACITY AUCTION TRUE-UP 0 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET (44,884) 744 0 FUEL, MATERIALS AND SUPPLIES 0 0 0 ACCOUNTS PAYABLE (13,530) (182) (6) INTEREST ACCRUED 0 0 0 TAXES ACCRUED (4,284) 168 15,599 FUEL RECOVERY 0 0 0 CHANGE IN OTHER ASSETS (358) 449 0 CHANGE IN OTHER LIABILITIES (5,021) 19,909 44,749 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES (58,601) 20,051 60,343 ------------- ------------- ------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 0 0 0 OTHER 0 0 0 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 0 0 ------------- ------------- ------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT (1,184) (1) (60,349) ISSUANCE OF LONG-TERM DEBT 0 0 0 CHANGE IN SHORT-TERM DEBT, NET 59,784 (6,003) 0 CHANGE IN SHORT-TERM DEBT AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0 RETIREMENT OF LONG-TERM DEBT 0 (15,000) 0 RETIREMENT OF PREFERRED STOCK 0 0 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0 DIVIDENDS PAID ON COMMON STOCK 0 985 (38) ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 58,601 (20,020) (60,387) ------------- ------------- ------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1) 31 (44) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 (32) 44 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD (1) (1) 0 ============= ============= ============= NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============= ============= =============
Item 10 - Consolidating Statements of Cash Flows AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ AEP TEXAS CENTRAL PUBLIC SERVICE COMPANY COMPANY OF AEP TEXAS NORTH CONSOLIDATED OKLAHOMA COMPANY ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) $217,669 $53,891 $58,557 PLUS: DISCONTINUED OPERATIONS 0 0 0 ------------- ------------- ------------- INCOME FROM CONTINUING OPERATIONS 217,669 53,891 58,557 ------------- ------------- ------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 189,130 86,455 36,242 EXTRAORDINARY LOSS - NET OF TAX 0 0 177 DEFERRED INCOME TAXES 19,393 (14,641) (3,493) DEFERRED INVESTMENT TAX CREDITS (5,207) (1,790) (1,520) PENSION AND POSTEMPLOYMENT BENEFITS RESERVES CUMULATIVE EFFECT OF ACCOUNTING CHANGES (122) 0 (3,071) ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (6,341) 0 (2,558) WHOLESALE CAPACITY AUCTION TRUE-UP (218,000) 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 15,190 (2,588) 14,393 FUEL, MATERIALS AND SUPPLIES 15,850 892 2,460 ACCOUNTS PAYABLE 55,772 (33,231) (40,140) INTEREST ACCRUED (8,009) 0 0 TAXES ACCRUED 42,227 20,303 19,180 FUEL RECOVERY 0 52,300 0 CHANGE IN OTHER ASSETS 30,341 (10,421) (8,955) CHANGE IN OTHER LIABILITIES 19,330 14,987 5,996 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 367,223 166,157 77,268 ------------- ------------- ------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (141,771) (86,815) (46,683) INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0 INVESTMENT IN SUBSIDIARIES 0 0 0 PROCEEDS FROM SALE OF ASSETS 7,455 2,862 688 OTHER 0 0 0 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (134,316) (83,953) (45,995) ------------- ------------- ------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 50,000 0 ISSUANCE OF LONG-TERM DEBT 953,136 148,734 222,455 CHANGE IN SHORT-TERM DEBT, NET 0 0 0 CHANGE IN SHORT-TERM DEBT AFFILIATES (650,000) 0 (125,000) CHANGE IN ADVANCES FROM AFFILIATES, NET (187,410) (53,241) (122,000) RETIREMENT OF LONG-TERM DEBT (247,127) (200,000) 0 RETIREMENT OF PREFERRED STOCK (2) 0 (10) RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK (241) (213) (104) DIVIDENDS PAID ON COMMON STOCK (120,801) (30,000) (4,970) ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (252,445) (84,720) (29,629) ------------- ------------- ------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (19,538) (2,516) 1,644 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 85,420 16,774 1,219 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 65,882 14,258 2,863 ============= ============= ============= NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============= ============= =============
Item 10 - Consolidating Statements of Cash Flows AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ SOUTHWESTERN ELECTRIC POWER CSW ENERGY COMPANY CSW INTERNATIONAL INCORPORATED CONSOLIDATED INCORPORATED ------------------------------------------------------------------------------------------------------------------------------------ OPERATING ACTIVITIES NET INCOME (LOSS) ($43,719) $98,141 $16,184 PLUS: DISCONTINUED OPERATIONS 0 0 0 ------------- ------------- ------------- INCOME FROM CONTINUING OPERATIONS (43,719) 98,141 16,184 ------------- ------------- ------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 7,644 121,072 0 EXTRAORDINARY LOSS - NET OF TAX 0 0 0 DEFERRED INCOME TAXES 66,501 9,942 1,825 DEFERRED INVESTMENT TAX CREDITS 0 (4,326) 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 (8,517) 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 70,000 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 (12,403) 0 WHOLESALE CAPACITY AUCTION TRUE-UP 0 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET (4,663) 27,527 34,251 FUEL, MATERIALS AND SUPPLIES 0 4,165 0 ACCOUNTS PAYABLE 67,591 (51,687) (59,330) INTEREST ACCRUED 0 0 0 TAXES ACCRUED 8,389 8,446 5,054 FUEL RECOVERY 0 (21,577) 0 CHANGE IN OTHER ASSETS (7,238) 16,268 (19,815) CHANGE IN OTHER LIABILITIES 8,030 61,043 5,403 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 172,536 248,094 (16,428) ------------- ------------- ------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 (121,124) 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 31,624 0 0 INVESTMENT IN SUBSIDIARIES 836 0 0 PROCEEDS FROM SALE OF ASSETS 0 3,800 0 OTHER 16,515 6,475 0 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 48,975 (110,849) 0 ------------- ------------- ------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 0 CAPITAL CONTRIBUTION FROM PARENT (12,609) 0 (23,972) ISSUANCE OF LONG-TERM DEBT 74,250 254,630 0 CHANGE IN SHORT-TERM DEBT, NET (279,776) 0 40,903 CHANGE IN SHORT-TERM DEBT AFFILIATES 0 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 (89,715) 0 RETIREMENT OF LONG-TERM DEBT (10,000) (219,482) 0 RETIREMENT OF PREFERRED STOCK 0 0 0 RETIREMENT OF MINORITY INTEREST 0 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 (229) 0 DIVIDENDS PAID ON COMMON STOCK 0 (72,794) 0 ------------- ------------- ------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (228,135) (127,590) 16,931 ------------- ------------- ------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,625) 9,655 502 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 15,544 2,069 1,830 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 8,919 11,724 2,332 ============= ============= ============= NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0 ------------- ------------- ------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0 ============= ============= =============
Item 10 - Consolidating Statements of Cash Flows AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------- CSW ENERGY C3 COMMUNICATIONS SERVICES INCORPORATED INCORPORATED ------------------------------------------------------------------------------------------------------------------- OPERATING ACTIVITIES NET INCOME (LOSS) ($8,107) ($2,714) PLUS: DISCONTINUED OPERATIONS 0 0 ------------- ------------- INCOME FROM CONTINUING OPERATIONS (8,107) (2,714) ------------- ------------- ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION AND AMORTIZATION 0 1,166 EXTRAORDINARY LOSS - NET OF TAX 0 0 DEFERRED INCOME TAXES 28,991 (452) DEFERRED INVESTMENT TAX CREDITS 0 0 PENSION AND POSTEMPLOYMENT BENEFITS RESERVES CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 AMORTIZATION OF DEFERRED PROPERTY TAXES (833) 0 AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 WHOLESALE CAPACITY AUCTION TRUE-UP 0 0 EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET 943 6,354 FUEL, MATERIALS AND SUPPLIES 0 1,502 ACCOUNTS PAYABLE (3,848) (4,827) INTEREST ACCRUED 0 0 TAXES ACCRUED 4,619 524 FUEL RECOVERY 0 0 CHANGE IN OTHER ASSETS 1,089 (922) CHANGE IN OTHER LIABILITIES (332) 3,328 ------------- ------------- NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 22,522 3,958 ------------- ------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES 0 0 INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 INVESTMENT IN SUBSIDIARIES 0 0 PROCEEDS FROM SALE OF ASSETS 0 0 OTHER 0 0 ------------- ------------- NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 0 ------------- ------------- FINANCING ACTIVITIES ISSUANCE OF COMMON STOCK 0 0 CAPITAL CONTRIBUTION FROM PARENT 0 0 ISSUANCE OF LONG-TERM DEBT 0 0 CHANGE IN SHORT-TERM DEBT, NET 12,031 6,518 CHANGE IN SHORT-TERM DEBT AFFILIATES 0 0 CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 RETIREMENT OF LONG-TERM DEBT (35,000) (12,000) RETIREMENT OF PREFERRED STOCK 0 0 RETIREMENT OF MINORITY INTEREST 0 0 DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 DIVIDENDS PAID ON COMMON STOCK 0 0 ------------- ------------- NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (22,969) (5,482) ------------- ------------- NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (447) (1,524) CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 505 901 ------------- ------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD 58 (623) ============= ============= NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 ------------- ------------- CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 ============= =============
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Item 10 - Consolidating Statements of Retained Earnings AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------------- AMERICAN ELECTRIC AMERICAN ELECTRIC AMERICAN ELECTRIC AMERICAN ELECTRIC DESCRIPTION POWER COMPANY POWER COMPANY POWER POWER SERVICE AEP TEXAS CONSOLIDATED ELIMINATIONS COMPANY CORPORATION POLR, LLC ----------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $1,998,738,032.96 ($1,707,389,642.71) $2,002,080,274.40 ($0.01) ($178,504.87) NET INCOME (LOSS) 109,734,841.36 (231,699,334.10) 106,392,846.17 0.01 (6,429,314.42) ------------------ ------------------- ------------------ ----------------- ------------------- TOTAL 2,108,472,874.32 (1,939,088,976.82) 2,108,473,120.56 (0.01) (6,607,819.30) ------------------ ------------------- ------------------ ----------------- ------------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 618,052,809.55 (726,374,634.54) 618,052,809.55 0.00 0.00 PREFERRED STOCK DIVIDENDS (0.00) (4,474,076.85) 0.00 0.00 0.00 OTHER 601,279.87 (125,647,139.08) 601,254.33 (0.01) (0.61) ------------------ ------------------- ------------------ ---------------- ------------------ TOTAL DEDUCTIONS 618,654,089.42 (856,495,850.47) 618,654,063.88 (0.01) (0.61) ------------------ ------------------- ------------------ ----------------- ------------------ ------------------ ------------------- ------------------ ---------------- ------------------ BALANCE AT DECEMBER 31, 2003 $1,489,818,784.90 ($1,082,593,126.35) $1,489,819,056.68 $0.01 ($6,607,818.69) ================== =================== ================== ================ ==================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ DESCRIPTION AEP MONEY AEP GENERATING CENTRAL COAL AEP T&D INDIANA FRANKLIN POOL COMPANY COMPANY SERVICES, LLC REALTY, INC. ------------------------------------------------------------------------------------------------------------------------------------ BALANCE AT DECEMBER 31, 2002 $0.01 $18,163,297.09 $0.02 ($126,675.37) $0.00 NET INCOME (LOSS) 0.02 7,963,595.50 0.01 28,385.59 (0.01) ----------------- ----------------- ----------------- ---------------- ----------------- TOTAL 0.03 26,126,892.59 0.03 (98,289.78) (0.01) ----------------- ----------------- ----------------- ---------------- ----------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 0.00 4,686,000.00 0.00 0.00 0.00 PREFERRED STOCK DIVIDENDS 0.00 0.00 0.00 0.00 0.00 OTHER 0.00 0.00 0.00 0.00 0.00 ----------------- ----------------- ----------------- ---------------- ----------------- TOTAL DEDUCTIONS 0.00 4,686,000.00 0.00 0.00 0.00 ----------------- ----------------- ----------------- ---------------- ----------------- ----------------- ----------------- ----------------- ---------------- ----------------- BALANCE AT DECEMBER 31, 2003 $0.03 $21,440,892.59 $0.03 ($98,289.78) ($0.01) ================= ================= ================= ================ =================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ APPALACHIAN POWER COLUMBUS SOUTHERN INDIANA MICHIGAN DESCRIPTION FRANKLIN REAL COMPANY POWER COMPANY POWER COMPANY KENTUCKY POWER ESTATE COMPANY CONSOLIDATED CONSOLIDATED CONSOLIDATED COMPANY ------------------------------------------------------------------------------------------------------------------------------------ BALANCE AT DECEMBER 31, 2002 $19,968.87 $260,439,456.01 $290,610,579.41 $143,996,166.53 $48,268,596.38 NET INCOME (LOSS) (0.01) 280,039,542.22 200,429,983.53 86,388,224.71 32,330,250.50 ----------------- ----------------- ----------------- ---------------- ----------------- TOTAL 19,968.86 540,478,998.23 491,040,562.94 230,384,391.24 80,598,846.88 ----------------- ----------------- ----------------- ---------------- ----------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 0.00 128,266,309.27 163,243,204.94 40,000,015.97 16,448,263.95 PREFERRED STOCK DIVIDENDS 0.00 1,001,275.90 0.00 2,374,750.98 0.00 OTHER 0.00 2,492,934.17 1,015,380.35 134,311.45 0.00 ----------------- ----------------- ----------------- ---------------- ----------------- TOTAL DEDUCTIONS 0.00 131,760,519.34 164,258,585.29 42,509,078.40 16,448,263.95 ----------------- ----------------- ----------------- ---------------- ----------------- ----------------- ----------------- ----------------- ---------------- ----------------- BALANCE AT DECEMBER 31, 2003 $19,968.86 $408,718,478.89 $326,781,977.65 $187,875,312.84 $64,150,582.93 ================= ================= ================= ================ =================
Item 10 - Consolidating Statements of Retained Earnings AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- OHIO POWER DESCRIPTION KINGSPORT POWER COMPANY WHEELING POWER AEP AEP COMPANY CONSOLIDATED COMPANY INVESTMENTS, INC. RESOURCES, INC. --------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $8,379,585.78 $522,316,153.93 $11,902,685.06 ($29,453,975.51) ($781,690,091.62) NET INCOME (LOSS) 4,728,896.62 375,662,409.52 10,274,992.36 (5,018,453.13) (1,121,423,559.22) ------------------- ---------------- ---------------- ------------------- ------------------- TOTAL 13,108,482.40 897,978,563.45 22,177,677.41 (34,472,428.64) (1,903,113,650.84) ------------------- ---------------- ---------------- ------------------- ------------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 4,000,009.20 167,733,845.64 4,000,002.00 0.00 0.00 PREFERRED STOCK DIVIDENDS 0.00 1,098,049.97 0.00 0.00 0.00 OTHER 0.00 0.00 0.00 (0.02) 83,931,654.22 ------------------- ---------------- ---------------- ------------------- ------------------- TOTAL DEDUCTIONS 4,000,009.20 168,831,895.62 4,000,002.00 (0.02) 83,931,654.22 ------------------- ---------------- ---------------- ------------------- ------------------- ------------------- ---------------- ---------------- ------------------- ------------------- BALANCE AT DECEMBER 31, 2003 $9,108,473.19 $729,146,667.84 $18,177,675.41 ($34,472,428.62) ($1,987,045,305.05) =================== ================ ================ =================== ===================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------------------- AEP UTILITIES DESCRIPTION AEP INCORPORATED AEP C&I AEP DESERT AEP DESERT COMMUNICATIONS, INC. CONSOLIDATED COMPANY, LLC SKY LP, LLC SKY LP II, LLC ---------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 ($189,634,901.83) $1,434,527,437.70 $5,383,114.56 $8,139,770.98 ($6,703,265.60) NET INCOME (LOSS) (3,600,462.92) 375,937,524.17 738,627.04 (595,000.95) 2,856,747.92 ------------------- ------------------ ---------------- ------------------- ------------------ TOTAL (193,235,364.75) 1,810,464,961.87 6,121,741.60 7,544,770.03 (3,846,517.68) ------------------- ------------------ ---------------- ------------------- ------------------ DEDUCTIONS: COMMON STOCK DIVIDENDS 0.00 183,996,983.57 0.00 0.00 0.00 PREFERRED STOCK DIVIDENDS 0.00 (0.00) 0.00 0.00 0.00 OTHER (4.99) 38,072,857.36 (0.29) 6,703,265.61 (6,703,265.60) ------------------- ------------------ ---------------- ------------------- ------------------ TOTAL DEDUCTIONS (4.99) 222,069,840.93 (0.29) 6,703,265.61 (6,703,265.60) ------------------- ------------------ ---------------- ------------------- ------------------ ------------------- ------------------ ---------------- ------------------- ------------------ BALANCE AT DECEMBER 31, 2003 ($193,235,359.76) $1,588,395,120.94 $6,121,741.90 $841,504.42 $2,856,747.92 =================== ================== ================ =================== ==================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------ DESCRIPTION AEP POWER MUTUAL AEP COAL, INC MARKETING, INC AEP PRO SERV, INC ENERGY LLC ------------------------------------------------------------------------------------------------------------------------ BALANCE AT DECEMBER 31, 2002 ($38,012,552.02) ($539.27) $4,586,179.10 ($6,885,084.04) NET INCOME (LOSS) (41,382,028.50) 14,639,720.26 (6,361,406.76) 27,832,655.25 ------------------- ---------------- ---------------- ------------------- TOTAL (79,394,580.52) 14,639,180.99 (1,775,227.66) 20,947,571.21 ------------------- ---------------- ---------------- ------------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 0.00 0.00 0.00 14,000,000.00 PREFERRED STOCK DIVIDENDS 0.00 0.00 0.00 0.00 OTHER 0.00 0.00 33.00 (0.00) ------------------- ---------------- ---------------- ------------------- TOTAL DEDUCTIONS 0.00 0.00 33.00 14,000,000.00 ------------------- ---------------- ---------------- ------------------- ------------------- ---------------- ---------------- ------------------- BALANCE AT DECEMBER 31, 2003 ($79,394,580.52) $14,639,180.99 ($1,775,260.67) $6,947,571.21 =================== ================ ================ ===================
Item 10 - Consolidating Statements of Retained Earnings AEP UTILITIES, INCORPORATED AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------------------- AEP UTILITIES AEP UTILITIES DESCRIPTION INCORPORATED INCORPORATED AEP UTILITIES AEP CREDIT ENERSHOP CONSOLIDATED ELIMINATIONS INCORPORATED INCORPORATED INCORPORATED ---------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $1,434,527,437.70 ($972,441,952.54) $1,434,527,435.74 $0.00 ($19,852,749.72) NET INCOME (LOSS) 375,937,524.17 (393,272,790.51) 375,937,524.29 4,355,644.36 (984,763.46) ----------------- ------------------ ------------------ ---------------- ----------------- TOTAL 1,810,464,961.87 (1,365,714,743.05) 1,810,464,960.03 4,355,644.36 (20,837,513.18) ----------------- ----------------- ------------------ ---------------- ----------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 183,996,983.57 (227,619,576.58) 183,996,983.57 0.00 (984,763.46) PREFERRED STOCK DIVIDENDS (0.00) (786,804.57) 0.00 0.00 0.00 OTHER 38,072,857.36 59,700,612.95 38,072,855.40 4,355,644.37 (19,852,749.72) ----------------- ----------------- ------------------ ---------------- ----------------- TOTAL DEDUCTIONS 222,069,840.93 (168,705,768.20) 222,069,838.97 4,355,644.37 (20,837,513.18) ----------------- ----------------- ------------------ ---------------- ----------------- ----------------- ------------------- ------------------ ---------------- ----------------- BALANCE AT DECEMBER 31, 2003 $1,588,395,120.94 ($1,197,008,974.85) $1,588,395,121.06 ($0.00) ($0.00) ================= =================== ================== ================ =================
AEP UTILITIES, INCORPORATED AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ----------------------------------------------------------------------------------------------------------------------------------- PUBLIC SERVICE AEP TEXAS CENTRAL COMPANY OF AEP TEXAS NORTH DESCRIPTION CSW LEASING COMPANY OKLAHOMA COMPANY CSW ENERGY INCORPORATED CONSOLIDATED CONSOLIDATED CONSOLIDATED INCORPORATED ----------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 ($44,711,370.12) $986,395,393.85 $116,476,481.36 $71,942,097.47 ($51,388,235.11) NET INCOME (LOSS) (127.60) 217,669,247.67 53,890,350.31 58,556,940.79 (43,718,785.27) ----------------- ----------------- ---------------- ---------------- ----------------- TOTAL (44,711,497.72) 1,204,064,641.52 170,366,831.68 130,499,038.25 (95,107,020.38) ----------------- ----------------- ---------------- ---------------- ----------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 37,942.30 120,801,410.04 29,999,950.76 4,970,439.94 0.00 PREFERRED STOCK DIVIDENDS 0.00 241,143.84 212,606.61 104,044.56 0.00 OTHER (44,749,440.02) (480.15) 549,919.65 (4,053.72) 903.11 ----------------- ----------------- ---------------- ---------------- ----------------- TOTAL DEDUCTIONS (44,711,497.72) 121,042,073.73 30,762,477.02 5,070,430.78 903.11 ----------------- ----------------- ---------------- ---------------- ----------------- ----------------- ----------------- ---------------- ---------------- ----------------- BALANCE AT DECEMBER 31, 2003 ($0.00) $1,083,022,567.79 $139,604,354.66 $125,428,607.47 ($95,107,923.49) ================= ================= ================ ================ =================
AEP UTILITIES, INCORPORATED AND SUBSIDIARY COMPANIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding -------------------------------------------------------------------------------------------------------------------- SOUTHWESTERN ELECTRIC POWER CSW ENERGY DESCRIPTION COMPANY CSW INTERNATIONAL C3 COMMUNICATIONS SERVICES CONSOLIDATED INCORPORATED INCORPORATED INCORPORATED -------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $334,788,640.33 ($184,723,912.22) ($177,582,649.10) ($58,901,742.24) NET INCOME (LOSS) 98,141,354.11 16,183,840.10 (8,107,343.05) (2,713,567.56) ----------------- ----------------- ---------------- ---------------- TOTAL 432,929,994.44 (168,540,072.12) (185,689,992.15) (61,615,309.80) ----------------- ----------------- ---------------- ---------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 72,794,597.00 0.00 0.00 0.00 PREFERRED STOCK DIVIDENDS 229,009.56 0.00 0.00 0.00 OTHER (354.51) 0.00 0.00 0.00 ----------------- ----------------- ---------------- ---------------- TOTAL DEDUCTIONS 73,023,252.05 0.00 0.00 0.00 ----------------- ----------------- ---------------- ---------------- ----------------- ----------------- ---------------- ---------------- BALANCE AT DECEMBER 31, 2003 $359,906,742.39 ($168,540,072.12) ($185,689,992.15) ($61,615,309.80) ================= ================= ================ ================
Item 10 - Consolidating Statements of Retained Earnings AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding --------------------------------------------------------------------------------------------------------------------------------- AEP TEXAS CENTRAL AEP TEXAS CENTRAL AEP TEXAS CENTRAL DESCRIPTION COMPANY COMPANY AEP TEXAS CENTRAL COMPANY CONSOLIDATED ELIMINATIONS COMPANY SEC --------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $986,395,393.85 $0.00 $0.00 $986,395,393.85 NET INCOME (LOSS) 217,669,247.67 (79,566.86) 217,669,247.67 79,566.86 ------------------ ------------------- ------------------- ------------------- TOTAL 1,204,064,641.52 (79,566.86) 217,669,247.67 986,474,960.71 ------------------ ------------------- ------------------- ------------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 120,801,410.04 0.00 120,801,410.04 0.00 PREFERRED STOCK DIVIDENDS 241,143.84 0.00 241,143.84 0.00 CAPITAL STOCK EXPENSE (480.15) 0.00 (986,395,874.00) 986,395,393.85 ------------------ ------------------- ------------------- ------------------- TOTAL DEDUCTIONS 121,042,073.73 0.00 (865,353,320.12) 986,395,393.85 ------------------ ------------------- ------------------- ------------------- ------------------ ------------------- ------------------- ------------------- BALANCE AT DECEMBER 31, 2003 $1,083,022,567.79 ($79,566.86) $1,083,022,567.79 $79,566.86 ================== =================== =================== ===================
APPALACHIAN POWER COMPANY AND SUBSIDIARIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------ APPALACHIAN POWER APPALACHIAN POWER DESCRIPTION COMPANY COMPANY APPALACHIAN POWER CONSOLIDATED ELIMINATIONS COMPANY ------------------------------------------------------------------------------------------------------------ BALANCE AT DECEMBER 31, 2002 $260,439,456.01 ($1,605,534.20) $260,439,456.01 NET INCOME (LOSS) 280,039,542.22 (1,566,697.76) 280,039,542.20 ------------------ ------------------- ------------------- TOTAL 540,478,998.23 (3,172,231.96) 540,478,998.21 ------------------ ------------------- ------------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 128,266,309.27 0.00 128,266,309.27 PREFERRED STOCK DIVIDENDS 1,001,275.90 0.00 1,001,275.90 CAPITAL STOCK EXPENSE 2,492,934.17 (0.00) 2,492,934.17 ------------------ ------------------- ------------------- TOTAL DEDUCTIONS 131,760,519.34 (0.00) 131,760,519.34 ------------------ ------------------- ------------------- ------------------ ------------------- ------------------- BALANCE AT DECEMBER 31, 2003 $408,718,478.89 ($3,172,231.96) $408,718,478.87 ================== =================== ===================
APPALACHIAN POWER COMPANY AND SUBSIDIARIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------ CENTRAL SOUTHERN DESCRIPTION APPALACHIAN APPALACHIAN CEDAR COAL COAL COMPANY COAL COMPANY COMPANY ------------------------------------------------------------------------------------------------------------ BALANCE AT DECEMBER 31, 2002 $313,168.99 $1,419,656.00 ($127,290.80) NET INCOME (LOSS) 115,577.01 445,241.01 1,005,879.76 ------------------ ------------------- ------------------- TOTAL 428,746.01 1,864,897.01 878,588.96 ------------------ ------------------- ------------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 0.00 0.00 0.00 PREFERRED STOCK DIVIDENDS 0.00 0.00 0.00 CAPITAL STOCK EXPENSE 0.00 0.00 0.00 ------------------ ------------------- ------------------- TOTAL DEDUCTIONS 0.00 0.00 0.00 ------------------ ------------------- ------------------- ------------------ ------------------- ------------------- BALANCE AT DECEMBER 31, 2003 $428,746.01 $1,864,897.01 $878,588.96 ================== =================== ===================
Item 10 - Consolidating Statements of Retained Earnings COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------- COLUMBUS SOUTHERN COLUMBUS SOUTHERN DESCRIPTION POWER COMPANY POWER COMPANY COLUMBUS SOUTHERN CONSOLIDATED ELIMINATIONS POWER COMPANY ------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $290,610,579.41 ($3,400,134.19) $290,610,579.42 NET INCOME (LOSS) 200,429,983.53 (1,073,012.97) 200,429,983.25 ---------------- ---------------- ---------------- TOTAL 491,040,562.94 (4,473,147.16) 491,040,562.68 ---------------- ---------------- ---------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 163,243,204.94 0.00 163,243,204.94 CAPITAL STOCK EXPENSE 1,015,380.35 (0.01) 1,015,380.36 ---------------- ---------------- ---------------- TOTAL DEDUCTIONS 164,258,585.29 (0.01) 164,258,585.30 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- BALANCE AT DECEMBER 31, 2003 $326,781,977.65 ($4,473,147.15) $326,781,977.38 ================ ================ ================
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------- CONESVILLE COAL DESCRIPTION SIMCO COLOMET PREPARATION INCORPORATED INCORPORATED COMPANY ------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $144,231.34 $2,085,919.84 $1,169,983.00 NET INCOME (LOSS) 75,789.61 927,223.64 70,000.00 ---------------- ---------------- ---------------- TOTAL 220,020.95 3,013,143.48 1,239,982.99 ---------------- ---------------- ---------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 0.00 0.00 0.00 CAPITAL STOCK EXPENSE 0.00 0.00 0.00 ---------------- ---------------- ---------------- TOTAL DEDUCTIONS 0.00 0.00 0.00 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- BALANCE AT DECEMBER 31, 2003 $220,020.95 $3,013,143.48 $1,239,982.99 ================ ================ ================
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------------------- INDIANA MICHIGAN INDIANA MICHIGAN DESCRIPTION POWER COMPANY POWER COMPANY INDIANA MICHIGAN PRICE RIVER BLACKHAWK CONSOLIDATED ELIMINATIONS POWER COMPANY COAL COMPANY COAL COMPANY ---------------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $143,996,166.53 ($9,329,674.83) $143,996,166.52 $0.00 $9,329,674.85 NET INCOME (LOSS) 86,388,224.71 6,406,054.33 86,388,224.68 0.00 (6,406,054.30) ---------------- ---------------- ---------------- ---------------- ---------------- TOTAL 230,384,391.24 (2,923,620.50) 230,384,391.20 0.00 2,923,620.54 ---------------- ---------------- ---------------- ---------------- ---------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 40,000,015.97 0.00 40,000,015.97 0.00 0.00 PREFERRED STOCK DIVIDENDS 2,374,750.98 0.00 2,374,750.98 0.00 0.00 CAPITAL STOCK EXPENSE 134,311.45 0.02 134,311.44 0.00 0.00 ---------------- ---------------- ---------------- ---------------- ---------------- TOTAL DEDUCTIONS 42,509,078.40 0.02 42,509,078.39 0.00 0.00 ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- ---------------- BALANCE AT DECEMBER 31, 2003 $187,875,312.84 ($2,923,620.52) $187,875,312.81 $0.00 $2,923,620.54 ================ ================ ================ ================ ================
Item 10 - Consolidating Statements of Retained Earnings OHIO POWER COMPANY CONSOLIDATED STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ---------------------------------------------------------------------------------------------------------------------------- OHIO POWER OHIO POWER DESCRIPTION COMPANY COMPANY OHIO POWER CONSOLIDATED ELIMINATIONS COMPANY JMG FUNDING LP ---------------------------------------------------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $522,316,153.93 $0.00 $522,316,153.93 $0.00 NET INCOME (LOSS) 375,662,409.52 0.00 375,662,409.52 0.00 ----------------- ---------------- ----------------- ---------------- TOTAL 897,978,563.45 0.00 897,978,563.45 0.00 ----------------- ---------------- ----------------- ---------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 167,733,845.64 0.00 167,733,845.64 0.00 PREFERRED STOCK DIVIDENDS 1,098,049.97 0.00 1,098,049.97 0.00 ----------------- ---------------- ----------------- ---------------- TOTAL DEDUCTIONS 168,831,895.61 0.00 168,831,895.61 0.00 ----------------- ---------------- ----------------- ---------------- ----------------- ---------------- ----------------- ---------------- BALANCE AT DECEMBER 31, 2003 $729,146,667.84 $0.00 $729,146,667.84 $0.00 ================= ================ ================= ================
SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------------------------------------------------------------ SOUTHWESTERN SOUTHWESTERN ELECTRIC POWER ELECTRIC POWER SOUTHWESTERN DESCRIPTION COMPANY COMPANY ELECTRIC POWER DOLET HILLS SABINE MINING CONSOLIDATED ELIMINATIONS COMPANY LIGNITE COMPANY COMPANY ------------------------------------------------------------------------------------------------------------------------------------ BALANCE AT DECEMBER 31, 2002 $334,788,640.33 ($1,316,742.00) $334,788,640.34 $1,316,741.99 $0.00 NET INCOME (LOSS) 98,141,354.11 (2,861,477.22) 98,141,354.10 1,362,023.02 1,499,454.22 ----------------- ---------------- ----------------- ---------------- ----------------- TOTAL 432,929,994.44 (4,178,219.22) 432,929,994.43 2,678,765.01 1,499,454.22 ----------------- ---------------- ----------------- ---------------- ----------------- DEDUCTIONS: COMMON STOCK DIVIDENDS 72,794,597.00 (5,530,507.48) 72,794,597.00 1,990,610.92 3,539,896.56 PREFERRED STOCK DIVIDENDS 229,009.56 0.00 229,009.56 0.00 0.00 CAPITAL STOCK EXPENSE (354.51) 4,071,632.94 (354.50) 0.00 (4,071,632.95) ----------------- ---------------- ----------------- ---------------- ----------------- TOTAL DEDUCTIONS 73,023,252.05 (1,458,874.54) 73,023,252.06 1,990,610.92 (531,736.39) ----------------- ---------------- ----------------- ---------------- ----------------- ----------------- ---------------- ----------------- ---------------- ----------------- BALANCE AT DECEMBER 31, 2003 $359,906,742.39 ($2,719,344.68) $359,906,742.37 $688,154.09 $2,031,190.61 ================= ================ ================= ================ =================
Notes to Consolidating Financial Statements Notes to financial statements are incorporated herein by reference to the 2003 Annual Report on Form 10-K filed by the respective companies reporting to the Securities and Exchange Commission pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934. Item 10 - Financial Statements of Subsidiares Not Consolidated OHIO VALLEY ELECTRIC CORPORATION STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) (UNAUDITED) -------------------------------------------------------------------------------- OHIO VALLEY ELECTRIC DESCRIPTION CORPORATION -------------------------------------------------------------------------------- OPERATING REVENUES $453,903 ----------------------- OPERATING EXPENSES FUEL FOR ELECTRIC GENERATION 81,424 PURCHASED ELECTRICITY FOR RESALE 220,718 OTHER OPERATION 93,126 MAINTENANCE 22,801 DEPRECIATION 4,185 TAXES OTHER THAN FEDERAL INCOME TAXES 835 FEDERAL INCOME TAXES 1,544 ----------------------- TOTAL OPERATING EXPENSES 424,633 ----------------------- OPERATING INCOME 29,270 NONOPERATING INCOME (LOSS) (322) ----------------------- INCOME BEFORE INTEREST CHARGES 28,948 NET INTEREST CHARGES 27,096 ----------------------- NET INCOME $1,852 ======================= OHIO VALLEY ELECTRIC COMPANY STATEMENT OF RETAINED EARNINGS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) (UNAUDITED) Note - Totals and subtotals may be off due to rounding ------------------------------------------------------------------------------- OHIO VALLEY ELECTRIC DESCRIPTION CORPORATION ------------------------------------------------------------------------------- BALANCE AT DECEMBER 31, 2002 $1,888 NET INCOME 1,852 CASH DIVIDENDS DECLARED 1,800 ----------------------- BALANCE AT DECEMBER 31, 2003 $1,940 ======================= Item 10 - Financial Statements of Subsidiares Not Consolidated OHIO VALLEY ELECTRIC CORPORATION BALANCE SHEET DECEMBER 31, 2003 (IN THOUSANDS) (UNAUDITED) ------------------------------------------------------------------------------- OHIO VALLEY ELECTRIC DESCRIPTION CORPORATION ------------------------------------------------------------------------------- ASSETS: CURRENT AND ACCRUED ASSETS CASH AND CASH EQUIVALENTS $11,656 ACCOUNTS RECEIVABLE 117,422 COAL IN STORAGE - AT AVERAGE COST 9,424 MATERIALS & SUPPLIES - AT AVERAGE COST 8,685 PREPAYMENTS AND OTHER 3,989 ---------------------------- TOTAL CURRENT ASSETS 151,176 ---------------------------- ELECTRIC UTILITY PLANT TOTAL ELECTRIC UTILITY PLANT 505,084 ACCUMULATED DEPRECIATION AND AMORTIZATION (311,990) ---------------------------- 193,094 CONSTRUCTION WORK IN PROGRESS 13,886 ---------------------------- ELECTRIC UTILITY PLANT - NET 206,980 ---------------------------- INVESTMENTS AND OTHER 167,020 REGULATORY ASSETS 42,028 DEFERRED CHARGES 23,469 TOTAL ASSETS $590,673 ============================ CAPITALIZATION AND LIABILITIES: CURRENT LIABILITIES SHORT-TERM DEBT $50,000 ACCOUNTS PAYABLE 40,612 TAXES ACCRUED 29,478 INTEREST ACCRUED AND OTHER 10,565 ---------------------------- TOTAL CURRENT LIABILITIES 130,655 ---------------------------- REGULATORY LIABILITIES 41,816 DEFERRED CREDITS 41,262 LONG-TERM DEBT 365,000 COMMON STOCK 10,000 RETAINED EARNINGS 1,940 ---------------------------- COMMON SHAREHOLDER'S EQUITY 11,940 ---------------------------- TOTAL CAPITALIZATION AND LIABILITIES $590,673 ============================ Item 10 - Financial Statements of Subsidiares Not Consolidated OHIO VALLEY ELECTRIC CORPORATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED DECEMBER 31, 2003 (IN THOUSANDS) (UNAUDITED) ----------------------------------------------------------------------------- OHIO VALLEY ELECTRIC DESCRIPTION CORPORATION ----------------------------------------------------------------------------- OPERATING ACTIVITIES NET INCOME $1,852 ADJUSTMENTS FOR NONCASH ITEMS DEPRECIATION 4,185 AMORTIZATION OF DEBT EXPENSE 5,617 DEFERRED TAXES (27,116) DEFERRED INVESTMENT TAX CREDITS (7,217) CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES ACCOUNTS RECEIVABLE, NET (92,286) FUEL, MATERIALS AND SUPPLIES 8,047 ACCOUNTS PAYABLE 16,632 TAXES ACCRUED 16,115 OTHER ( NET) 65,517 ------------------- NET CASH FLOWS FROM OPERATING ACTIVITIES (8,654) ------------------- INVESTING ACTIVITIES CONSTRUCTION EXPENDITURES (46,197) ADVANCES TO SUBSIDIARIES FOR CONSTRUCTION (11,816) ------------------- NET CASH FLOWS USED FOR INVESTING ACTIVITIES (58,013) ------------------- FINANCING ACTIVITIES ISSUANCE OF LONG-TERM DEBT 56,772 RETIREMENT OF LONG-TERM DEBT (27,734) CHANGES IN SHORT-TERM DEBT 40,000 DIVIDENDS PAID ON COMMON STOCK (1,800) ------------------- NET CASH USED FOR FINANCING ACTIVITIES 67,238 ------------------- NET DECREASE IN CASH AND CASH EQUIVALENTS 571 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11,085 ------------------- CASH AND CASH EQUIVALENTS AT END OF PERIOD $11,656 =================== EXHIBIT A - 10-K FILE REFERENCES - AEP REGISTRANT COMPANIES ----------------------------------------------------------- Incorporation by Reference Form 10K Annual Report Year File Number ---- ----------- AEP 2003 1-3525 AEGCo 2003 0-18135 APCo 2003 1-3457 TCC 2003 0-346 TNC 2003 0-340 CSP 2003 1-2680 I&M 2003 1-3570 KPCo 2003 1-6858 OPCo 2003 1-6543 PSO 2003 0-343 SWEPCo 2003 1-3146 EXHIBITS B&C - 10-K EXHIBIT INDEX --------------------------------- EXHIBIT INDEX Certain of the following exhibits, designated with an asterisk (*), are filed herewith. The exhibits not so designated have heretofore been filed with the Commission and, pursuant to 17 C.F.R. 229.10(d) and 240.12b-32, are incorporated herein by reference to the documents indicated in brackets following the descriptions of such exhibits. Exhibits, designated with a dagger (+), are management contracts or compensatory plans or arrangements required to be filed as an Exhibit to this Form pursuant to Item 14(c) of this report. Exhibit Number Description AEGCo 3(a) -- Articles of Incorporation of AEGCo [Registration Statement on Form 10 for the Common Shares of AEGCo, File No. 0-18135, Exhibit 3(a)]. 3(b) -- Copy of the Code of Regulations of AEGCo (amended as of June 15, 2000) [Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31, 2000, File No. 0-18135, Exhibit 3(b)]. 10(a) -- Capital Funds Agreement dated as of December 30, 1988 between AEGCo and AEP [Registration Statement No. 33-32752, Exhibit 28(a)]. 10(b)(1) -- Unit Power Agreement dated as of March 31, 1982 between AEGCo and I&M, as amended [Registration Statement No. 33-32752, Exhibits 28(b)(1)(A) and 28(b)(1)(B)]. 10(b)(2) -- Unit Power Agreement, dated as of August 1, 1984, among AEGCo, I&M and KPCo [Registration Statement No. 33-32752, Exhibit 28(b)(2)]. 10(c) -- Lease Agreements, dated as of December 1, 1989, between AEGCo and Wilmington Trust Company, as amended [Registration Statement No. 33-32752, Exhibits 28(c)(1)(C), 28(c)(2)(C), 28(c)(3)(C), 28(c)(4)(C), 28(c)(5)(C) and 28(c)(6)(C); Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31, 1993, File No. 0-18135, Exhibits 10(c)(1)(B), 10(c)(2)(B), 10(c)(3)(B), 10(c)(4)(B), 10(c)(5)(B) and 10(c)(6)(B)]. *13 -- Copy of those portions of the AEGCo 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. AEP++ 3(a) -- Restated Certificate of Incorporation of AEP, dated October 29, 1997 [Quarterly Report on Form 10-Q of AEP for the quarter ended September 30, 1997, File No. 1-3525, Exhibit 3(a)]. 3(b) -- Certificate of Amendment of the Restated Certificate of Incorporation of AEP, dated January 13, 1999 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1998, File No. 1-3525, Exhibit 3(b)]. 3(c) -- Composite of the Restated Certificate of Incorporation of AEP, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1998, File No. 1-3525, Exhibit 3(c)]. *3(d) -- By-Laws of AEP, as amended through December 15, 2003. 4(a) -- Indenture (for unsecured debt securities), dated as of May 1, 2001, between AEP and The Bank of New York, as Trustee [Registration Statement No. 333-86050, Exhibits 4(a), 4(b) and 4(c); Registration Statement No. 333-105532, Exhibits 4(d), and 4(e) and 4(f)]. 4(b) -- Forward Purchase Contract Agreement, dated as of June 11, 2002, between AEP and The Bank of New York, as Forward Purchase Contract Agent [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2002, File No. 1-3525, Exhibit 4(c)]. 10(a) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, OPCo and I&M and with AEPSC, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(a)(3)]. 10(b) -- Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(b)]. 10(c) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with AEPSC as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)]. 10(d) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(d)]. 10(e) -- Lease Agreements, dated as of December 1, 1989, between AEGCo or I&M and Wilmington Trust Company, as amended [Registration Statement No. 33-32752, Exhibits 28(c)(1)(C), 28(c)(2)(C), 28(c)(3)(C), 28(c)(4)(C), 28(c)(5)(C) and 28(c)(6)(C); Registration Statement No. 33-32753, Exhibits 28(a)(1)(C), 28(a)(2)(C), 28(a)(3)(C), 28(a)(4)(C), 28(a)(5)(C) and 28(a) (6)(C); and Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31, 1993, File No. 0-18135, Exhibits 10(c) (1)(B), 10(c)(2)(B), 10(c)(3)(B), 10(c)(4)(B), 10(c)(5)(B) and 10(c)(6)(B); Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1993, File No. 1-3570, Exhibits 10(e) (1)(B), 10(e)(2)(B), 10(e)(3)(B), 10(e)(4)(B), 10(e)(5)(B) and 10(e)(6)(B)]. 10(f) -- Lease Agreement dated January 20, 1995 between OPCo and JMG Funding, Limited Partnership, and amendment thereto (confidential treatment requested) [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1994, File No. 1-6543, Exhibit 10(l)(2)]. 10(g) -- Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo, OPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(l)]. 10(h)(1) -- Agreement and Plan of Merger, dated as of December 21, 1997, by and among American Electric Power Company, Inc., Augusta Acquisition Corporation and Central and South West Corporation [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)]. 10(h)(2) -- Amendment No. 1, dated as of December 31, 1999, to the Agreement and Plan of Merger [Current Report on Form 8-K of AEP dated December 15, 1999, File No. 1-3525, Exhibit 10]. +10(i)(1) -- AEP Deferred Compensation Agreement for certain executive officers [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(e)]. +10(i)(2) -- Amendment to AEP Deferred Compensation Agreement for certain executive officers [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1986, File No. 1-3525, Exhibit 10(d)(2)]. +10(j) -- AEP Accident Coverage Insurance Plan for directors [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(g)]. *+10(k)(1) -- AEP Deferred Compensation and Stock Plan for Non-Employee Directors, as amended December 10, 2003. *+10(k)(2) -- AEP Stock Unit Accumulation Plan for Non-Employee Directors, as amended December 10, 2003. +10(l)(1)(A) -- AEP System Excess Benefit Plan, Amended and Restated as of January 1, 2001 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit 10(j)(1)(A)]. +10(l)(1)(B) -- Guaranty by AEP of AEPSC Excess Benefits Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(h)(1)(B)]. +10(l)(1)(C) -- First Amendment to AEP System Excess Benefit Plan, dated as of March 5, 2003 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(1)(1)(c)]. *+10(l)(2) -- AEP System Supplemental Retirement Savings Plan, Amended and Restated as of January 1, 2003 (Non-Qualified) +10(l)(3) -- Service Corporation Umbrella Trust for Executives [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1993, File No. 1-3525, Exhibit 10(g)(3)]. *+10(m)(1) -- Employment Agreement between AEP, AEPSC and Michael G. Morris dated December 15, 2003. +10(m)(2) -- Memorandum of agreement between Susan Tomasky and AEPSC dated January 3, 2001 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit 10(s)]. +10(m)(3) -- Letter Agreement dated June 23, 2000 between AEPSC and Holly K. Koeppel [Annual Report on Form 10-K of AEP for the Fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(m)(3)(A)]. +10(m)(4) -- Employment Agreement dated July 29, 1998 between AEPSC and Robert P. Powers [Annual Report on Form 10-K of AEP for the Fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(m)(4)]. +10(n) -- AEP System Senior Officer Annual Incentive Compensation Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(i)(1)]. +10(o)(1) -- AEP System Survivor Benefit Plan, effective January 27, 1998 [Quarterly Report on Form 10-Q of AEP for the quarter ended September 30, 1998, File No. 1-3525, Exhibit 10]. +10(o)(2) -- First Amendment to AEP System Survivor Benefit Plan, as amended and restated effective January 31, 2000 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(o)(2)]. +10(p) -- AEP Senior Executive Severance Plan for Merger with Central and South West Corporation, effective March 1, 1999 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1998, File No. 1-3525, Exhibit 10(o)]. *+10(q)(1) -- AEP System Incentive Compensation Deferral Plan Amended and Restated as of January 1, 2003. +10(r) -- AEP System Nuclear Performance Long Term Incentive Compensation Plan dated August 1, 1998 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2002, file No. 1-3525; Exhibit 10(r)]. +10(s) -- Nuclear Key Contributor Retention Plan dated May 1, 2000 [Annual Report on Form 10-K of AEP for the Fiscal year ended December 31, 2002, File No. 1-3525; Exhibit 10(s)]. +10(t) -- AEP Change In Control Agreement [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(o)]. *+10(u) -- AEP System 2000 Long-Term Incentive Plan, as amended December 10, 2003. +10(v)(1) -- Central and South West System Special Executive Retirement Plan as amended and restated effective July 1, 1997 [Annual Report on Form 10-K of CSW for the fiscal year ended December 31, 1998, File No. 1-1443, Exhibit 18]. +10(v)(2) -- Certified CSW Board Resolution of April 18, 1991 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(r)(2)]. *+10(v)(3) -- Certified AEP Utilities, Inc. (formerly CSW) Board Resolutions of July 16, 1996. +10(v)(4) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW, March 13, 1992]. +10(v)(5) -- Central and South West Corporation Executive Deferred Savings Plan as amended and restated effective as of January 1, 1997 [Annual Report on Form 10-K of CSW for the fiscal year ended December 31, 1998, File No. 1-1443, Exhibit 24]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the AEP 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. *21 -- List of subsidiaries of AEP. *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. APCo++ 3(a) -- Restated Articles of Incorporation of APCo, and amendments thereto to November 4, 1993 [Registration Statement No. 33-50163, Exhibit 4(a); Registration Statement No. 33-53805, Exhibits 4(b) and 4(c)]. 3(b) -- Articles of Amendment to the Restated Articles of Incorporation of APCo, dated June 6, 1994 [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 3(b)]. 3(c) -- Articles of Amendment to the Restated Articles of Incorporation of APCo, dated March 6, 1997 [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1996, File No. 1-3457, Exhibit 3(c)]. 3(d) -- Composite of the Restated Articles of Incorporation of APCo (amended as of March 7, 1997) [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1996, File No. 1-3457, Exhibit 3(d)]. 3(e) -- By-Laws of APCo (amended as of October 24, 2001) [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 2001, File No. 1-3457, Exhibit 3(e)]. 4(a) -- Mortgage and Deed of Trust, dated as of December 1, 1940, between APCo and Bankers Trust Company and R. Gregory Page, as Trustees, as amended and supplemented [Registration Statement No. 2-7289, Exhibit 7(b); Registration Statement No. 2-19884, Exhibit 2(1); Registration Statement No. 2-24453, Exhibit 2(n); Registration Statement No. 2-60015, Exhibits 2(b)(2), 2(b)(3), 2(b)(4), 2(b)(5), 2(b)(6), 2(b)(7), 2(b)(8), 2(b)(9), 2(b)(10), 2(b)(12), 2(b)(14), 2(b)(15), 2(b)(16), 2(b)(17), 2(b)(18), 2(b)(19), 2(b)(20), 2(b)(21), 2(b)(22), 2(b)(23), 2(b)(24), 2(b)(25), 2(b)(26), 2(b)(27) and 2(b)(28); Registration Statement No. 2-64102, Exhibit 2(b)(29); Registration Statement No. 2-66457, Exhibits (2)(b)(30) and 2(b)(31); Registration Statement No.2-69217, Exhibit 2(b)(32); Registration Statement No. 2-86237, Exhibit 4(b); Registration Statement No. 33-11723, Exhibit 4(b); Registration Statement No. 33-17003, Exhibit 4(a)(ii), Registration Statement No. 33-30964, Exhibit 4(b); Registration Statement No. 33-40720, Exhibit 4(b); Registration Statement No. 33-45219, Exhibit 4(b); Registration Statement No. 33-46128, Exhibits 4(b) and 4(c); Registration Statement No. 33-53410, Exhibit 4(b); Registration Statement No. 33-59834, Exhibit 4(b); Registration Statement No. 33-50229, Exhibits 4(b) and 4(c); Registration Statement No. 33-58431, Exhibits 4(b), 4(c), 4(d) and 4(e); Registration Statement No. 333-01049, Exhibits 4(b) and 4(c); Registration Statement No. 333-20305, Exhibits 4(b) and 4(c); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1996, File No. 1-3457, Exhibit 4(b); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1998, File No. 1-3457, Exhibit 4(b)]. 4(b) -- Indenture (for unsecured debt securities), dated as of January 1, 1998, between APCo and The Bank of New York, As Trustee [Registration Statement No. 333-45927, Exhibit 4(a); Registration Statement No. 333-49071, Exhibit 4(b); Registration Statement No. 333-84061, Exhibits 4(b) and 4(c); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1999, File No. 1-3457, Exhibit 4(c); Registration Statement No. 333-81402, Exhibits 4(b), 4(c) and 4(d); Registration Statement No. 333-100451, Exhibit 4(b); and Annual Report on Form 10-K of APCo for fiscal year ended December 31, 2002, File 1-3457, Exhibit 4(c)]. *4(c) -- Company Order and Officer's Certificate, dated May 5, 2003, establishing terms of 3.60% Senior Notes, Series G, due 2008 and 5.95% Senior Notes, Series H, due 2033. 10(a)(1) -- Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015, Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No 2-66301, Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(D); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)]. 10(a)(2) -- Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit 5(a)(3)(B); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(2)(B)]. 10(a)(3) -- Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric Corporation, as amended [Registration Statement No. 2-60015, Exhibit 5(e)]. 10(b) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, OPCo and I&M and with AEPSC, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement No. 2-61009, Exhibit 5(b); Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(a)(3)]. 10(c) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with AEPSC as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(b); Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)]. 10(d) -- Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo, OPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(l)]. 10(e)(1) -- Agreement and Plan of Merger, dated as of December 21, 1997, By and Among American Electric Power Company, Inc., Augusta Acquisition Corporation and Central and South West Corporation [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)]. 10(e)(2) -- Amendment No. 1, dated as of December 31, 1999, to the Agreement and Plan of Merger [Current Report on Form 8-K of APCo dated December 15, 1999, File No. 1-3457, Exhibit 10]. +10(f)(1) -- AEP Deferred Compensation Agreement for certain executive officers [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(e)]. +10(f)(2) -- Amendment to AEP Deferred Compensation Agreement for certain executive officers [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1986, File No. 1-3525, Exhibit 10(d)(2)]. +10(g) -- AEP System Senior Officer Annual Incentive Compensation Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(i)(1)]. +10(h)(1)(A) -- AEP System Excess Benefit Plan, Amended and Restated as of January 1, 2001 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit 10(j)(1)(A)]. +10(h)(1)(B) -- First Amendment to AEP System Excess Benefit Plan, dated as of March 5, 2003 [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 2002, File No. 1-3457; Exhibit 10(h)(1)(B)]. *+10(h)(2) -- AEP System Supplemental Retirement Savings Plan, Amended and Restated as of January 1, 2003 (Non-Qualified). +10(h)(3) -- Service Corporation Umbrella Trust for Executives [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1993, File No. 1-3525, Exhibit 10(g)(3)]. *+10(i)(1) -- Employment Agreement between AEP, AEPSC and Michael G. Morris dated December 15, 2003. +10(i)(2) -- Memorandum of agreement between Susan Tomasky and AEPSC dated January 3, 2001 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit 10(s)]. +10(i)(3) -- Employment Agreement dated July 29, 1998 between AEPSC and Robert P. Powers [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 2002, File No. 1-3457; Exhibit 10(i)(3)]. +10(j)(1) -- AEP System Survivor Benefit Plan, effective January 27, 1998 [Quarterly Report on Form 10-Q of AEP for the quarter ended September 30, 1998, File No. 1-3525, Exhibit 10]. +10(j)(2) -- First Amendment to AEP System Survivor Benefit Plan, as amended and restated effective January 31, 2000 [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 2002, File No. 1-3457; Exhibit 10(j)(2)]. +10(k) -- AEP Senior Executive Severance Plan for Merger with Central and South West Corporation, effective March 1, 1999[Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1998, File No. 1-3525, Exhibit 10(o)]. +10(l) -- AEP Change In Control Agreement [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(o)]. *+10(m) -- AEP System 2000 Long-Term Incentive Plan, as amended December 10, 2003. +10(n)(1) -- Central and South West System Special Executive Retirement Plan as amended and restated effective July 1, 1997 [Annual Report on Form 10-K of CSW for the fiscal year ended December 31, 1998, File No. 1-1443, Exhibit 18]. +10(n)(2) -- Certified CSW Board Resolution of April 18, 1991 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(r)(2)]. *+10(n)(3) -- Certified AEP Utilities, Inc. (formerly CSW) Board Resolutions of July 16, 1996. +10(n)(4) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW, March 13, 1992]. *+10(o)(1) -- AEP System Incentive Compensation Deferral Plan Amended and Restated as of January 1, 2003. +10(p) -- AEP System Nuclear Performance Long Term Incentive Compensation Plan dated August 1, 1998 [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 2002, file No. 1-3457; Exhibit 10(p)]. +10(q) -- Nuclear Key Contributor Retention Plan dated May 1, 2000 [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 2002, File No. 1-3457; Exhibit 10(q)]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the APCo 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. 21 -- List of subsidiaries of APCo [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2003, File No. 1-3525, Exhibit 21]. *23 -- Consent of Deloitte & Touche LLP *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. CSPCo++ 3(a) -- Amended Articles of Incorporation of CSPCo, as amended to March 6, 1992 [Registration Statement No. 33-53377, Exhibit 4(a)]. 3(b) -- Certificate of Amendment to Amended Articles of Incorporation of CSPCo, dated May 19, 1994 [Annual Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1994, File No. 1-2680, Exhibit 3(b)]. 3(c) -- Composite of Amended Articles of Incorporation of CSPCo, as amended [Annual Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1994, File No. 1-2680, Exhibit 3(c)]. 3(d) -- Code of Regulations and By-Laws of CSPCo [Annual Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1987, File No. 1-2680, Exhibit 3(d)]. 4(a) -- Indenture of Mortgage and Deed of Trust, dated September 1, 1940, between CSPCo and City Bank Farmers Trust Company (now Citibank, N.A.), as trustee, as supplemented and amended [Registration Statement No. 2-59411, Exhibits 2(B) and 2(C); Registration Statement No.2-80535, Exhibit 4(b); Registration Statement No. 2-87091, Exhibit 4(b); Registration Statement No. 2-93208, Exhibit 4(b); Registration Statement No. 2-97652, Exhibit 4(b); Registration Statement No. 33-7081, Exhibit 4(b); Registration Statement No. 33-12389, Exhibit 4(b); Registration Statement No. 33-19227, Exhibits 4(b), 4(e), 4(f), 4(g) and 4(h); Registration Statement No. 33-35651, Exhibit 4(b); Registration Statement No. 33-46859, Exhibits 4(b) and 4(c); Registration Statement No. 33-50316, Exhibits 4(b) and 4(c); Registration Statement No. 33-60336, Exhibits 4(b), 4(c) and 4(d); Registration Statement No. 33-50447, Exhibits 4(b) and 4(c); Annual Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1993, File No. 1-2680, Exhibit 4(b)]. 4(b) -- Indenture (for unsecured debt securities), dated as of September 1, 1997, between CSPCo and Bankers Trust Company, as Trustee [Registration Statement No. 333-54025, Exhibits 4(a), 4(b), 4(c) and 4(d); Annual Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1998, File No. 1-2680, Exhibits 4(c) and 4(d)]. *4(c) -- First Supplemental Indenture between CSPCo and Deutsche Bank Trust Company Americas, as Trustee, dated November 25, 2003, establishing terms of 4.40% Senior Notes, Series E, due 2010. *4(d) -- Indenture (for unsecured debt securities), dated as of February 1, 2003, between CSPCo and Bank One, N.A., as Trustee *4(e) -- First Supplemental Indenture, dated as of February 1, 2003, between CSPCo and Bank One, N.A., as trustee, establishing the terms of 5.50% Senior Notes, Series A, due 2013 and 5.50% Senior Notes, Series C, due 2013. *4(f) -- Second Supplemental Indenture, dated as of February 1, 2003, between CSPCo and Bank One, N.A. establishing the terms of 6.60% Senior Notes, Series B, due 2033 and 6.60% Senior Notes, Series D, due 2033. 10(a)(1) -- Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015, Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No. 2-66301, Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)]. 10(a)(2) -- Inter-Company Power Agreement, dated July 10, 1953, among OVEC and the Sponsoring Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit 5(a)(3)(B); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(2)(B)]. 10(a)(3) -- Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric Corporation, as amended [Registration Statement No. 2-60015, Exhibit 5(e)]. 10(b) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, OPCo and I&M and AEPSC, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(a)(3)]. 10(c) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo, and with AEPSC as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)]. 10(d) -- Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo, OPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(l)]. 10(e)(1) -- Agreement and Plan of Merger, dated as of December 21, 1997, By and Among American Electric Power Company, Inc., Augusta Acquisition Corporation and Central and South West Corporation [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)]. 10(e)(2) -- Amendment No. 1, dated as of December 31, 1999, to the Agreement and Plan of Merger [Current Report on Form 8-K of CSPCo dated December 15, 1999, File No. 1-2680, Exhibit 10]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the CSPCo 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. 21 -- List of subsidiaries of CSPCo [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2003, File No. 1-3525, Exhibit 21] *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. I&M++ 3(a) -- Amended Articles of Acceptance of I&M and amendments thereto [Annual Report on Form 10-K of I&M for fiscal year ended December 31, 1993, File No. 1-3570, Exhibit 3(a)]. 3(b) -- Articles of Amendment to the Amended Articles of Acceptance of I&M, dated March 6, 1997 [Annual Report on Form 10-K of I&M for fiscal year ended December 31, 1996, File No. 1-3570, Exhibit 3(b)]. 3(c) -- Composite of the Amended Articles of Acceptance of I&M (amended as of March 7, 1997) [Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1996, File No. 1-3570, Exhibit 3(c)]. 3(d) -- By-Laws of I&M (amended as of November 28, 2001) [Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 2001, File No. 1-3570, Exhibit 3(d)]. 4(a) -- Mortgage and Deed of Trust, dated as of June 1, 1939, between I&M and Irving Trust Company (now The Bank of New York) and various individuals, as Trustees, as amended and supplemented [Registration Statement No. 2-7597, Exhibit 7(a); Registration Statement No. 2-60665, Exhibits 2(c)(2), 2(c)(3), 2(c)(4), 2(c)(5), 2(c)(6), 2(c)(7), 2(c)(8), 2(c)(9), 2(c)(10), 2(c)(11), 2(c)(12), 2(c)(13), 2(c)(14), 2(c)(15), (2)(c)(16), and 2(c)(17); Registration Statement No. 2-63234, Exhibit 2(b)(18); Registration Statement No. 2-65389, Exhibit 2(a)(19); Registration Statement No. 2-67728, Exhibit 2(b)(20); Registration Statement No. 2-85016, Exhibit 4(b); Registration Statement No.33-5728, Exhibit 4(c); Registration Statement No. 33-9280, Exhibit 4(b); Registration Statement No. 33-11230, Exhibit 4(b); Registration Statement No. 33-19620, Exhibits 4(a)(ii), 4(a)(iii), 4(a)(iv) and 4(a)(v); Registration Statement No.33-46851, Exhibits 4(b)(i), 4(b)(ii) and 4(b)(iii); Registration Statement No. 33-54480, Exhibits 4(b)(i) and 4(b)(ii); Registration Statement No. 33-60886, Exhibit 4(b)(i); Registration Statement No. 33-50521, Exhibits 4(b)(i), 4(b)(ii) and 4(b)(iii); Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1993, File No. 1-3570, Exhibit 4(b); Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1994, File No. 1-3570, Exhibit 4(b); Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1996, File No. 1-3570, Exhibit 4(b)]. 4(b) -- Indenture (for unsecured debt securities), dated as of October 1, 1998, between I&M and The Bank of New York, as Trustee [Registration Statement No. 333-88523, Exhibits 4(a), 4(b) and 4(c); Registration Statement No. 333-58656, Exhibits 4(b) and 4(c); Registration Statement No. 333-108975, Exhibits 4(b), 4(c) and 4(d)]. 10(a)(1) -- Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015, Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No. 2-66301, Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(D); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)]. 10(a)(2) -- Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(2)(B)]. 10(a)(3) -- Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric Corporation, as amended [Registration Statement No. 2-60015, Exhibit 5(e)]. 10(a)(4) -- Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(2)(B)]. 10(b) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, I&M, and OPCo and with AEPSC, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(a)(3)]. 10(c) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with AEPSC as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)]. 10(d) -- Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo, OPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 1, 1996, File No. 1-3525, Exhibit 10(l)]. 10(e) -- Lease Agreements, dated as of December 1, 1989, between I&M and Wilmington Trust Company, as amended [Registration Statement No. 33-32753, Exhibits 28(a)(1)(C), 28(a)(2)(C), 28(a)(3)(C), 28(a)(4)(C), 28(a)(5)(C) and 28(a)(6)(C); Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1993, File No. 1-3570, Exhibits 10(e)(1)(B), 10(e)(2)(B), 10(e)(3)(B), 10(e)(4)(B), 10(e)(5)(B) and 10(e)(6)(B)]. 10(f)(1) -- Agreement and Plan of Merger, dated as of December 21, 1997, By and Among American Electric Power Company, Inc., Augusta Acquisition Corporation and Central and South West Corporation [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)]. 10(f)(2) -- Amendment No. 1, dated as of December 31, 1999, to the Agreement and Plan of Merger [Current Report on Form 8-K of I&M dated December 15, 1999, File No. 1-3570, Exhibit 10]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the I&M 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. 21 -- List of subsidiaries of I&M [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2003, File No. 1-3525, Exhibit 21]. *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. KPCo++ 3(a) -- Restated Articles of Incorporation of KPCo [Annual Report on Form 10-K of KPCo for the fiscal year ended December 31, 1991, File No. 1-6858, Exhibit 3(a)]. 3(b) -- By-Laws of KPCo (amended as of June 15, 2000) [Annual Report on Form 10-K of KPCo for the fiscal year ended December 31, 2000, File No. 1-6858, Exhibit 3(b)]. 4(a) -- Indenture (for unsecured debt securities), dated as of September 1, 1997, between KPCo and Bankers Trust Company, as Trustee [Registration Statement No. 333-75785, Exhibits 4(a), 4(b), 4(c) and 4(d); Registration Statement No. 333-87216, Exhibits 4(e) and 4(f); Annual Report on Form 10-K of KPCo for the fiscal year ended December 31, 2002, File No. 1-6858, Exhibits 4(c), 4(d) and 4(e)]. *4(b) -- Company Order and Officer's Certificate, dated June 13, 2003 establishing certain terms of the 5.625% Senior Notes, Series D, due 2032. 10(a) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, I&M and OPCo and with AEPSC, as amended [Registration Statement No. 2-52910, Exhibit 5(a);Registration Statement No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(a)(3)]. 10(b) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with AEPSC as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)]. 10(c) -- Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo, OPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(l)]. 10(d)(1) -- Agreement and Plan of Merger, dated as of December 21, 1997, By and Among American Electric Power Company, Inc., Augusta Acquisition Corporation and Central and South West Corporation [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)]. 10(d)(2) -- Amendment No. 1, dated as of December 31, 1999, to the Agreement and Plan of Merger [Current Report on Form 8-K of KPCo dated December 15, 1999, File No. 1-6858, Exhibit 10]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the KPCo 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. *23 -- Consent of Deloitte & Touche LLP *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. OPCo++ 3(a) -- Amended Articles of Incorporation of OPCo, and amendments thereto to December 31, 1993 [Registration Statement No. 33-50139, Exhibit 4(a); Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1993, File No. 1-6543, Exhibit 3(b)]. 3(b) -- Certificate of Amendment to Amended Articles of Incorporation of OPCo, dated May 3, 1994 [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1994, File No. 1-6543, Exhibit 3(b)]. 3(c) -- Certificate of Amendment to Amended Articles of Incorporation of OPCo, dated March 6, 1997 [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1996, File No. 1-6543, Exhibit 3(c)]. 3(d) -- Certificate of Amendment to Amended Articles of Incorporation of OPCo, dated June 3, 2002 [Quarterly Report on Form 10-Q of OPCo for the quarter ended June 30, 2002, File No. 1-6543, Exhibit 3(d)]. 3(e) -- Composite of the Amended Articles of Incorporation of OPCo (amended as of June 3, 2002) [[Quarterly Report on Form 10-Q of OPCo for the quarter ended June 30, 2002, File No. 1-6543, Exhibit 3(e)]. 3(f) -- Code of Regulations of OPCo [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1990, File No. 1-6543, Exhibit 3(d)]. 4(a) -- Mortgage and Deed of Trust, dated as of October 1, 1938, between OPCo and Manufacturers Hanover Trust Company (now Chemical Bank), as Trustee, as amended and supplemented [Registration Statement No. 2-3828, Exhibit B-4; Registration Statement No. 2-60721, Exhibits 2(c)(2), 2(c)(3), 2(c)(4), 2(c)(5), 2(c)(6), 2(c)(7), 2(c)(8), 2(c)(9), 2(c)(10), 2(c)(11), 2(c)(12), 2(c)(13), 2(c)(14), 2(c)(15), 2(c)(16), 2(c)(17), 2(c)(18), 2(c)(19), 2(c)(20), 2(c)(21), 2(c)(22), 2(c)(23), 2(c)(24), 2(c)(25), 2(c)(26), 2(c)(27), 2(c)(28), 2(c)(29), 2(c)(30), and 2(c)(31); Registration Statement No. 2-83591, Exhibit 4(b); Registration Statement No. 33-21208, Exhibits 4(a)(ii), 4(a)(iii) and 4(a)(iv); Registration Statement No. 33-31069, Exhibit 4(a)(ii); Registration Statement No. 33-44995, Exhibit 4(a)(ii); Registration Statement No. 33-59006, Exhibits 4(a)(ii), 4(a)(iii) and 4(a)(iv); Registration Statement No. 33-50373, Exhibits 4(a)(ii), 4(a)(iii) and 4(a)(iv); Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1993, File No. 1-6543, Exhibit 4(b)]. 4(b) -- Indenture (for unsecured debt securities), dated as of September 1, 1997, between OPCo and Bankers Trust Company (now Deutsche Bank Trust Company Americas), as Trustee [Registration Statement No. 333-49595, Exhibits 4(a), 4(b) and 4(c); Registration Statement No. 333-106242, Exhibit 4(b), 4(c) and 4(d); Registration Statement No. 333-75783, Exhibits 4(b) and 4(c)]. *4(c) -- First Supplemental Indenture between OPCo and Deutsche Bank Trust Company Americas, as Trustee, dated July 11, 2003, establishing terms of 4.85% Senior Notes, Series H, due 2014. *4(d) -- Second Supplemental Indenture between OPCo and Deutsche Bank Trust Company Americas, as Trustee, dated July 11, 2003, establishing terms of 6.375% Senior Notes, Series I, due 2033. *4(e) -- Indenture (for unsecured debt securities), dated as of February 1, 2003, between OPCo and Bank One, N.A., as Trustee *4(f) -- First Supplemental Indenture, dated as of February 1, 2003, between OPCo and Bank One, N.A., as Trustee, establishing the terms of 5.50% Senior Notes, Series D, due 2013 and 5.50% Senior Notes, Series F, due 2013. *4(g) -- Second Supplemental Indenture, dated as of February 1, 2003, between OPCo and Bank One, N.A., as Trustee, establishing the terms of 6.60% Senior Notes, Series E, due 2033 and 6.60% Senior Notes, Series G, due 2033. 10(a)(1) -- Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015, Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No. 2-66301, Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(D); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)]. 10(a)(2) -- Inter-Company Power Agreement, dated July 10, 1953, among OVEC and the Sponsoring Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(2)(B)]. 10(a)(3) -- Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric Corporation, as amended [Registration Statement No. 2-60015, Exhibit 5(e)]. 10(b) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, I&M and OPCo and with AEPSC, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement No. 2-61009, Exhibit 5(b); Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990, File 1-3525, Exhibit 10(a)(3)]. 10(c) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with AEPSC as agent [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1985, File No. 1-3525, Exhibit 10(b); Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)]. 10(d) -- Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo, OPCo and AEPSC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(l)]. 10(e) -- Amendment No. 1, dated October 1, 1973, to Station Agreement dated January 1, 1968, among OPCo, Buckeye and Cardinal Operating Company, and amendments thereto [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1993, File No. 1-6543, Exhibit 10(f)]. 10(f) -- Lease Agreement dated January 20, 1995 between OPCo and JMG Funding, Limited Partnership, and amendment thereto (confidential treatment requested) [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1994, File No. 1-6543, Exhibit 10(l)(2)]. 10(g)(1) -- Agreement and Plan of Merger, dated as of December 21, 1997, by and among American Electric Power Company, Inc., Augusta Acquisition Corporation and Central and South West Corporation [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)]. 10(g)(2) -- Amendment No. 1, dated as of December 31, 1999, to the Agreement and Plan of Merger [Current Report on Form 8-K of OPCo dated December 15, 1999, File No. 1-6543, Exhibit 10]. +10(h) -- AEP System Senior Officer Annual Incentive Compensation Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1996, File No. 1-3525, Exhibit 10(i)(1)]. +10(i)(1)(A -- AEP System Excess Benefit Plan, Amended and Restated as of January 1, 2001 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit 10(j)(1)(A)]. +10(i)(1)(B) -- First Amendment to AEP System Excess Benefit Plan, dated as of March 5, 2003 [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 2002, File No. 1-6543; Exhibit 10(i)(1)(B)]. *+10(i)(2) -- AEP System Supplemental Retirement Savings Plan, Amended and Restated as of January 1, 2003 (Non-Qualified). +10(i)(3) -- Service Corporation Umbrella Trust for Executives [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1993, File No. 1-3525, Exhibit 10(g)(3)]. *+10(j)(1) -- Employment Agreement between AEP, AEPSC and Michael G. Morris dated December 15, 2003. +10(j)(2) -- Memorandum of agreement between Susan Tomasky and AEPSC dated January 3, 2001 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit 10(s)]. +10(j)(3) -- Employment Agreement dated July 29, 1998 between AEPSC and Robert P. Powers [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 2002, File No. 1-6543; Exhibit 10(j)(3)]. +10(k)(1) -- AEP System Survivor Benefit Plan, effective January 27, 1998 [Quarterly Report on Form 10-Q of AEP for the quarter ended September 30, 1998, File No. 1-3525, Exhibit 10]. +10(k)(2) -- First Amendment to AEP System Survivor Benefit Plan, as amended and restated effective January 31, 2000 [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 2002, File No. 1-6543; Exhibit 10(k)(2)]. +10(l) -- AEP Senior Executive Severance Plan for Merger with Central and South West Corporation, effective March 1, 1999[Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1998, File No. 1-3525, Exhibit 10(o)]. +10(m) -- AEP Change In Control Agreement [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(o)]. *+10(n) -- AEP System 2000 Long-Term Incentive Plan, as amended December 10, 2003. +10(o)(1) -- Central and South West System Special Executive Retirement Plan as amended and restated effective July 1, 1997 [Annual Report on Form 10-K of CSW for the fiscal year ended December 31, 1998, File No. 1-1443, Exhibit 18]. +10(o)(2) -- Certified CSW Board Resolution of April 18, 1991 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(r)(2)]. *+10(o)(3) -- Certified AEP Utilities, Inc. (formerly CSW) Board Resolutions of July 16, 1996. +10(o)(4) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW, March 13, 1992]. *+10(p)(1) -- AEP System Incentive Compensation Deferral Plan Amended and Restated as of January 1, 2003. +10(q) -- AEP System Nuclear Performance Long Term Incentive Compensation Plan dated August 1, 1998 [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 2002, File No. 1-6543; Exhibit 10(q)]. +10(r) -- Nuclear Key Contributor Retention Plan dated May 1, 2000 [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 2002, File No. 1-6543; Exhibit 10(r)]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the OPCo 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. 21 -- List of subsidiaries of OPCo [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2003, File No. 1-3525, Exhibit 21]. *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. PSO++ 3(a) -- Restated Certificate of Incorporation of PSO [Annual Report on Form U5S of Central and South West Corporation for the fiscal year ended December 31, 1996, File No. 1-1443, Exhibit B-3.1]. 3(b) -- By-Laws of PSO (amended as of June 28, 2000) [Annual Report on Form 10-K of PSO for the fiscal year ended December 31, 2000, File No. 0-343, Exhibit 3(b)]. 4(a) -- Indenture, dated July 1, 1945, between and Liberty Bank and Trust Company of Tulsa, National Association, as Trustee, as amended and supplemented [Registration Statement No. 2-60712, Exhibit 5.03; Registration Statement No.2-64432, Exhibit 2.02; Registration Statement No. 2-65871, Exhibit 2.02; Form U-1 No. 70-6822, Exhibit 2; Form U-1 No. 70-7234, Exhibit 3; Registration Statement No. 33-48650, Exhibit 4(b); Registration Statement No. 33-49143, Exhibit 4(c); Registration Statement No. 33-49575, Exhibit 4(b); Annual Report on Form 10-K of PSO for the fiscal year ended December 31, 1993, File No. 0-343, Exhibit 4(b); Current Report on Form 8-K of PSO dated March 4, 1996, No. 0-343, Exhibit 4.01; Current Report on Form 8-K of PSO dated March 4, 1996, No. 0-343, Exhibit 4.02; Current Report on Form 8-K of PSO dated March 4, 1996, No. 0-343, Exhibit 4.03]. 4(b) -- PSO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of PSO: (1) Indenture, dated as of May 1, 1997, between PSO and The Bank of New York, as Trustee [Quarterly Report on Form 10-Q of PSO dated March 31, 1997, File No. 0-343, Exhibits 4.6 and 4.7]. (2) Amended and Restated Trust Agreement of PSO Capital I, dated as of May 1, 1997, among PSO, as Depositor, The Bank of New York, as Property Trustee, The Bank of New York (Delaware), as Delaware Trustee, and the Administrative Trustee [Quarterly Report on Form 10-Q of PSO dated March 31, 1997, File No. 0-343, Exhibit 4.8]. (3) Guarantee Agreement, dated as of May 1, 1997, delivered by PSO for the benefit of the holders of PSO Capital I's Preferred Securities [Quarterly Report on Form 10-Q of PSO dated March 31, 1997, File No. 0-343, Exhibits 4.9]. (4) Agreement as to Expenses and Liabilities, dated as of May 1, 1997, between PSO and PSO Capital I [Quarterly Report on Form 10-Q of PSO dated March 31, 1997, File No. 0-343, Exhibits 4.10]. 4(c) -- Indenture (for unsecured debt securities), dated as of November 1, 2000, between PSO and The Bank of New York, as Trustee [Registration Statement No. 333-100623, Exhibits 4(a) and 4(b); [Annual Report on Form 10-K of PSO for the fiscal year ended December 31, 2002, File No. 0-343; Exhibit 4(c)]. *4(d) -- Third Supplemental Indenture, dated as of September 15, 2003, between PSO and The Bank of New York, as Trustee, establishing terms of the 4.85% Senior Notes, Series C, due 2010. 10(a) -- Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of PSO for the fiscal year ended December 31, 2002, File No. 0-343; Exhibit 10(a)]. 10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of PSO for the fiscal year ended December 31, 2002, File No. 0-343; Exhibit 10(b)]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the PSO 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. SWEPCo++ 3(a) -- Restated Certificate of Incorporation, as amended through May 6, 1997, including Certificate of Amendment of Restated Certificate of Incorporation [Quarterly Report on Form 10-Q of SWEPCo for the quarter ended March 31, 1997, File No. 1-3146, Exhibit 3.4]. 3(b) -- By-Laws of SWEPCo (amended as of April 27, 2000) [Quarterly Report on Form 10-Q of SWEPCo for the quarter ended March 31, 2000, File No. 1-3146, Exhibit 3.3]. 4(a) -- Indenture, dated February 1, 1940, between SWEPCo and Continental Bank, National Association and M. J. Kruger, as Trustees, as amended and supplemented [Registration Statement No. 2-60712, Exhibit 5.04; Registration Statement No. 2-61943, Exhibit 2.02; Registration Statement No.2-66033, Exhibit 2.02; Registration Statement No. 2-71126, Exhibit 2.02; Registration Statement No. 2-77165, Exhibit 2.02; Form U-1 No. 70-7121, Exhibit 4; Form U-1 No. 70-7233, Exhibit 3; Form U-1 No. 70-7676, Exhibit 3; Form U-1 No. 70-7934, Exhibit 10; Form U-1 No. 72-8041, Exhibit 10(b); Form U-1 No. 70-8041, Exhibit 10(c); Form U-1 No. 70-8239, Exhibit 10(a)]. *4(b) -- SWEPCO-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of SWEPCo: (1) Subordinated Indenture, dated as of September 1, 2003, between SWEPCo and The Bank of New York, as Trustee. (2) Amended and Restated Trust Agreement of SWEPCo Capital Trust I, dated as of September 1, 2003, among SWEPCo, as Depositor, The Bank of New York, as Property Trustee, The Bank of New York (Delaware), as Delaware Trustee, and the Administrative Trustees. (3) Guarantee Agreement, dated as of September 1, 2003, delivered by SWEPCo for the benefit of the holders of SWEPCo Capital Trust I's Preferred Securities. (4) First Supplemental Indenture dated as of October 1, 2003, providing for the issuance of Series B Junior Subordinated Debentures between SWEPCo, as Issuer and The Bank of New York, as Trustee (5) Agreement as to Expenses and Liabilities, dated as of October 1, 2003 between SWEPCo and SWEPCo Capital Trust I (included in Item (4) above as exhibit 4(f)(i)(A). 4(c) -- Indenture (for unsecured debt securities), dated as of February 4, 2000, between SWEPCo and The Bank of New York, as Trustee [Registration Statement No. 333-87834, Exhibits 4(a) and 4(b); Registration Statement No. 333-100632, Exhibit 4(b); Registration Statement No. 333-108045 Exhibit 4(b)]. *4(d) -- Third Supplemental Indenture, between SWEPCo and The Bank of New York, as Trustee, dated April 11, 2003, establishing terms of 5.375% Senior Notes, Series C, due 2015. 10(a) -- Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of SWEPCo for the fiscal year ended December 31, 2002, File No. 1-3146; Exhibit 10(a)]. 10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of SWEPCo for the fiscal year ended December 31, 2002, File No. 1-3146; Exhibit 10(b)]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the SWEPCo 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. 21 -- List of subsidiaries of SWEPCo [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2003, File No. 1-3525, Exhibit 21] *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. TCC++ 3(a) -- Restated Articles of Incorporation Without Amendment, Articles of Correction to Restated Articles of Incorporation Without Amendment, Articles of Amendment to Restated Articles of Incorporation, Statements of Registered Office and/or Agent, and Articles of Amendment to the Articles of Incorporation [Quarterly Report on Form 10-Q of TCC for the quarter ended March 31, 1997, File No. 0-346, Exhibit 3.1]. 3(b) -- Articles of Amendment to Restated Articles of Incorporation of TCC dated December 18, 2002 [Annual Report on Form 10-K of TCC for the fiscal year ended December 31, 2002, File No. 0-346; Exhibit 3(b)]. 3(c) -- By-Laws of TCC (amended as of April 19, 2000) [Annual Report on Form 10-K of TCC for the fiscal year ended December 31, 2000, File No. 0-346, Exhibit 3(b)]. 4(a) -- Indenture of Mortgage or Deed of Trust, dated November 1, 1943, between TCC and The First National Bank of Chicago and R. D. Manella, as Trustees, as amended and supplemented [Registration Statement No. 2-60712, Exhibit 5.01; Registration Statement No. 2-62271, Exhibit 2.02; Form U-1 No. 70-7003, Exhibit 17; Registration Statement No. 2-98944, Exhibit 4 (b); Form U-1 No. 70-7236, Exhibit 4; Form U-1 No. 70-7249, Exhibit 4; Form U-1 No. 70-7520, Exhibit 2; Form U-1 No. 70-7721, Exhibit 3; Form U-1 No. 70-7725, Exhibit 10; Form U-1 No. 70-8053, Exhibit 10 (a); Form U-1 No. 70-8053, Exhibit 10 (b); Form U-1 No. 70-8053, Exhibit 10 (c); Form U-1 No. 70-8053, Exhibit 10 (d); Form U-1 No. 70-8053, Exhibit 10 (e); Form U-1 No. 70-8053, Exhibit 10 (f)]. 4(b) -- TCC-obligated, mandatorily redeemable preferred securities of subsidiary trust holding solely Junior Subordinated Debentures of TCC: (1) Indenture, dated as of May 1, 1997, between TCC and the Bank of New York, as Trustee [Quarterly Report on Form 10-Q of TCC dated March 31, 1997, File No. 0-346, Exhibits 4.1 and 4.2]. (2) Amended and Restated Trust Agreement of TCC Capital I, dated as of May 1, 1997, among TCC, as Depositor, The Bank of New York, as Property Trustee, The Bank of New York (Delaware), as Delaware Trustee, and the Administrative Trustee [Quarterly Report on Form 10-Q of TCC dated March 31, 1997, File No. 0-346, Exhibit 4.3]. (3) Guarantee Agreement, dated as of May 1, 1997, delivered by TCC for the benefit of the holders of TCC Capital I's Preferred Securities [Quarterly Report on Form 10-Q of TCC dated March 31, 1997, File No. 0-346, Exhibit 4.4]. (4) Agreement as to Expenses and Liabilities dated as of May 1, 1997, between TCC and TCC Capital I [Quarterly Report on Form 10-Q of TCC dated March 31, 1997, File No. 0-346, Exhibit 4.5]. 4(c) -- Indenture (for unsecured debt securities), dated as of November 15, 1999, between TCC and The Bank of New York, as Trustee, as amended and supplemented [Annual Report on Form 10-K of TCC for the fiscal year ended December 31, 2000, File No. 0-346, Exhibits 4(c), 4(d) and 4(e)]. *4(d) -- Indenture (for unsecured debt securities), dated as of February 1, 2003, between TCC and Bank One, N.A., as Trustee *4(e) -- First Supplemental Indenture, dated as of February 1, 2003, between TCC and Bank One, N.A., as Trustee, establishing the terms of 5.50% Senior Notes, Series A, due 2013 and 5.50% Senior Notes, Series D, due 2013. *4(f) -- Second Supplemental Indenture, dated as of February 1, 2003, between TCC and Bank One, N.A., as Trustee, establishing the terms of 6.65% Senior Notes, Series B, due 2033 and 6.65% Senior Notes, Series E, due 2033. *4(g) -- Third Supplemental Indenture, dated as of February 1, 2003, between TCC and Bank One, N.A., as Trustee, establishing the terms of 3.00% Senior Notes, Series C, due 2005 and 3.00% Senior Notes, Series F, due 2005. *4(h) -- Fourth Supplemental Indenture, dated as of February 1, 2003, between TCC and Bank One, N.A., as Trustee, establishing the terms of Floating Rate Notes, Series A, due 2005 and Floating Rate Notes, Series B, due 2005. 10(a) -- Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of TCC for the fiscal year ended December 31, 2002, File No. 0-346; Exhibit 10(a)]. 10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of TCC for the fiscal year ended December 31, 2002, File No. 0-346; Exhibit 10(b)]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the TCC 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. 21 -- List of subsidiaries of TCC [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2003, File No. 1-3525, Exhibit 21] *23 -- Consent of Deloitte & Touche LLP. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. TNC++ 3(a) -- Restated Articles of Incorporation, as amended, and Articles of Amendment to the Articles of Incorporation [Annual Report on Form 10-K of TNC for the fiscal year ended December 31, 1996, File No. 0-340, Exhibit 3.5]. 3(b) -- Articles of Amendment to Restated Articles of Incorporation of TNC dated December 17, 2002 [Annual Report on Form 10-K of TNC for the fiscal year ended December 31, 2002, File No. 0-340; Exhibit 3(b)]. 3(c) -- By-Laws of TNC (amended as of May 1, 2000) [Quarterly Report on Form 10-Q of TNC for the quarter ended March 31, 2000, File No. 0-340, Exhibit 3.4]. 4(a) -- Indenture, dated August 1, 1943, between TNC and Harris Trust and Savings Bank and J. Bartolini, as Trustees, as amended and supplemented [Registration Statement No. 2-60712, Exhibit 5.05; Registration Statement No. 2-63931, Exhibit 2.02; Registration Statement No. 2-74408, Exhibit 4.02; Form U-1 No. 70-6820, Exhibit 12; Form U-1 No. 70-6925, Exhibit 13; Registration Statement No. 2-98843, Exhibit 4(b); Form U-1 No. 70-7237, Exhibit 4; Form U-1 No. 70-7719, Exhibit 3; Form U-1 No. 70-7936, Exhibit 10; Form U-1 No. 70-8057, Exhibit 10; Form U-1 No. 70-8265, Exhibit 10; Form U-1 No. 70-8057, Exhibit 10(b); Form U-1 No. 70-8057, Exhibit 10(c)]. *4(b) -- Indenture (for unsecured debt securities), dated as of February 1, 2003, between TNC and Bank One, N.A., as Trustee *4(c) -- First Supplemental Indenture, dated as of February 1, 2003, between TNC and Bank One, N.A., as Trustee, establishing the terms of 5.50% Senior Notes, Series A, due 2013 and 5.50% Senior Notes, Series D, due 2013. 10(a) -- Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of TNC for the fiscal year ended December 31, 2002, File No. 0-340; Exhibit 10(a)]. 10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on Form 10-K of TNC for the fiscal year ended December 31, 2002, File No. 0-340; Exhibit 10(b)]. *12 -- Statement re: Computation of Ratios. *13 -- Copy of those portions of the TNC 2003 Annual Report (for the fiscal year ended December 31, 2003) which are incorporated by reference in this filing. *24 -- Power of Attorney. *31(a) -- Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *31(b) -- Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. *32(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. *32(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code. ++ Certain instruments defining the rights of holders of long-term debt of the registrants included in the financial statements of registrants filed herewith have been omitted because the total amount of securities authorized thereunder does not exceed 10% of the total assets of registrants. The registrants hereby agree to furnish a copy of any such omitted instrument to the SEC upon request. EXHIBIT D - TAX ALLOCATION AGREEMENT ------------------------------------ AMERICAN ELECTRIC POWER COMPANY, INC. AND ITS CONSOLIDATED AFFILIATES TAX AGREEMENT UNDER TITLE 17, CHAPTER II OF THE CODE OF FEDERAL REGULATIONS PARAGRAPH (C) OF SECTION 250.45 REGARDING METHOD OF ALLOCATING CONSOLIDATED INCOME TAXES The below listed affiliated companies, joining in the annual filing of a consolidated federal income tax return with American Electric Power Company, Inc., agree to allocate the consolidated annual net current federal income tax liability and/or benefit to the members of the consolidated group in accordance with the following procedures: ( 1) The consolidated regular federal income tax, exclusive of capital gains and preference taxes and before the application of general business credits including foreign tax credits, shall be apportioned among the members of the consolidated group based on corporate taxable income. Loss companies shall be included in the allocation, receiving a negative tax allocation which is similar to a separate return carryback refund, before considering general business credits, which would have resulted had the loss company historically filed a separate return. ( 2) The corporate taxable income of each member of the group shall be first reduced by its proportionate share of American Electric Power Company, Inc.'s (the holding company) tax loss (excluding the effects of extraordinary items which do not apply to the regulated business) in arriving at adjusted corporate taxable income for each member of the group with positive taxable income. ( 3) To the extent that the consolidated and corporate taxable incomes include material items taxed at rates other than the statutory tax rate (such as capital gains and preference items), the portion of the consolidated tax attributable to these items shall be apportioned directly to the members of the group giving rise to such items. ( 4) General business credits, other tax credits, and foreign tax credits shall be equitably allocated to those members whose investments or contributions generates the tax credit. ( 5) If the tax credits can not be entirely utilized to offset the consolidated tax liability, the tax credit carryover shall be equitably allocated to those members whose investments or contributions generated the credit. ( 6) Should the consolidated group generate a net operating tax loss for a calendar year, the tax benefits of any resultant carryback refund shall be allocated proportionately to member companies that generated corporate tax losses in the year the consolidated net operating loss was generated. Any related loss of general business credits, shall be allocated to the member companies that utilized the credits in the prior year in the same proportion that the credit lost is to the total credit utilized in the prior year. A consolidated net operating tax loss carryfoward shall be allocated proportionately to member companies that generated the original tax losses that gave rise to the consolidated net operating tax loss carryforward. ( 7) A member with a net positive tax allocation shall pay the holding company the net amount allocated, while a tax loss member with a net negative tax allocation shall receive current payment from the holding company in the amount of its negative allocation. The payment made to a member with a tax loss should equal the amount by which the consolidated tax is reduced by including the member's net corporate tax loss in the consolidated tax return. The holding company shall pay to the Internal Revenue Service the consolidated group's net current federal income tax liability from the net of the receipts and payments. ( 8) No member of the consolidated group shall be allocated a federal income tax which is greater than the federal income tax computed as if such member had filed a separate return. ( 9) In the event the consolidated tax liability is subsequently revised by Internal Revenue Service audit adjustments, amended returns, claims for refund, or otherwise, such changes shall be allocated in the same manner as though the adjustments on which they are based had formed part of the original consolidated return using the tax allocation agreement which was in effect at that time. Any current state tax liability and/or benefit associated with a state tax return involving more than one member of the consolidated group, shall be allocated to such members following the principles set forth above for current federal income taxes. Due to certain states utilizing a unitary approach, the consolidated return liability may exceed the sum of the liabilities computed for each company on a separate return basis. If this occurs, the excess of the consolidated liability over the sum of the separate return liabilities shall be allocated proportionally based on each member's contribution to the consolidated apportionment percentage. If additional tax is attributable to a significant transaction or event, such additional tax shall be allocated directly to the members who are party to said transaction or event. This agreement is subject to revision as a result of changes in federal and state tax law and relevant facts and circumstances. The above procedures for apportioning the consolidated annual net current federal and state tax liabilities and expenses of American Electric Power Company, Inc. and its consolidating affiliates have been agreed to by each of the below listed members of the consolidated group as evidenced by the signature of an officer of each company. COMPANY OFFICER'S SIGNATURE -------------------------------------------- --------------------------------- American Electric Power Company, Inc. /S/Jeffrey D. Cross -------------------------- American Electric Power Service Corporation /S/William L. Scott -------------------------- AEP C&I Company, LLC /S/Mark A. Pyle -------------------------- AEP Coal, Inc. /S/Jeffrey D. Cross -------------------------- AEP Coal Marketing, LLC /S/Mark A. Pyle -------------------------- AEP Communications, Inc. /S/William L. Scott -------------------------- AEP Communications, LLC /S/William L. Scott -------------------------- AEP Credit, Inc. /S/William L. Scott -------------------------- AEP Delaware Investment Company /S/Mark A. Pyle -------------------------- AEP Delaware Investment Company II /S/Mark A. Pyle -------------------------- AEP Delaware Investment Company III /S/Mark A. Pyle -------------------------- AEP Desert Sky GP, LLC /S/Mark A. Pyle -------------------------- AEP Desert Sky LP, LLC /S/Mark A. Pyle -------------------------- AEP Desert Sky LP II, LLC /S/Mark A. Pyle -------------------------- AEP Elmwood LLC /S/Mark A. Pyle -------------------------- AEP Emissions Marketing, LLC /S/Mark A. Pyle -------------------------- AEP EmTech LLC /S/Mark A. Pyle -------------------------- AEP Energy Services, Inc. /S/William L. Scott -------------------------- AEP Energy Services Gas Holding Company /S/Mark A. Pyle -------------------------- AEP Energy Services Gas Holding Company II LLC /S/Mark A. Pyle -------------------------- AEP Energy Services Investments, Inc. /S/Mark A. Pyle -------------------------- AEP Energy Services Ventures, Inc. /S/Mark A. Pyle -------------------------- AEP Energy Services Ventures II, Inc. /S/Mark A. Pyle -------------------------- AEP Energy Services Ventures III, Inc. /S/Mark A. Pyle -------------------------- AEP Fiber Venture, LLC /S/Mark A. Pyle -------------------------- AEP Gas Marketing LP /S/Mark A. Pyle -------------------------- AEP Gas Power GP, LLC /S/Mark A. Pyle -------------------------- AEP Generating Company /S/William L. Scott -------------------------- AEP Houston Pipe Line Company, LLC /S/Mark A. Pyle -------------------------- AEP Investments, Inc. /S/William L. Scott -------------------------- AEP Kentucky Coal, LLC /S/Jeffrey D. Cross -------------------------- AEP MEMCO LLC /S/Mark A. Pyle -------------------------- AEP Ohio Coal, LLC /S/Jeffrey D. Cross -------------------------- AEP Ohio Commercial & Industrial Retail Co., LLC /S/Mark A. Pyle -------------------------- AEP Ohio Retail Energy, LLC /S/Mark A. Pyle -------------------------- AEP Power Marketing, Inc. /S/William L. Scott -------------------------- AEP Pro Serv, Inc. /S/William L. Scott -------------------------- AEP Properties, LLC /S/Jeffrey D. Cross -------------------------- AEP Resources, Inc. /S/William L. Scott -------------------------- AEP Resources Australia Holdings Pty, Ltd. /S/Jeffrey D. Cross -------------------------- AEP Resources Australia Pty, Ltd. /S/Jeffrey D. Cross -------------------------- AEP Resources Limited /S/Jeffrey D. Cross -------------------------- AEP Retail Energy, LLC /S/Mark A. Pyle -------------------------- AEP T & D Services, LLC /S/Mark A. Pyle -------------------------- AEP Texas Central Company /S/William L. Scott -------------------------- AEP Texas Central Transition Funding, LLC /S/Jeffrey D. Cross -------------------------- AEP Texas Commercial & Industrial Retail GP,LLC /S/Mark A. Pyle -------------------------- AEP Texas Commercial & Industrial Retail Limited Partnership /S/Mark A. Pyle -------------------------- AEP Texas POLR, LLC /S/Mark A. Pyle -------------------------- AEP Texas POLR GP, LLC /S/Mark A. Pyle -------------------------- AEP Texas North Company /S/William L. Scott -------------------------- AEP Transportation, LLC /S/Mark A. Pyle -------------------------- AEP Utilities, Inc /S/William L. Scott -------------------------- AEP West Virginia Coal, Inc. /S/Jeffrey D. Cross -------------------------- AEP Wind Energy, LLC /S/Mark A. Pyle -------------------------- AEP Wind GP, LLC /S/Mark A. Pyle -------------------------- AEP Wind Holding, LLC /S/Mark A. Pyle -------------------------- AEP Wind LP, LLC /S/Mark A. Pyle -------------------------- AEP Wind LP II, LLC /S/Mark A. Pyle -------------------------- AEPR Ohio, LLC /S/Mark A. Pyle -------------------------- Appalachian Power Company /S/William L. Scott -------------------------- Blackhawk Coal Company /S/William L. Scott -------------------------- Cedar Coal Company /S/William L. Scott -------------------------- Central Appalachian Coal Company /S/William L. Scott -------------------------- Central Coal Company /S/William L. Scott -------------------------- Colomet, Inc. /S/William L. Scott -------------------------- Columbus Southern Power Company /S/William L. Scott -------------------------- Conesville Coal Preparation Company /S/William L. Scott -------------------------- Conlease, Inc. /S/Mark A. Pyle -------------------------- C3 Communications, Inc. /S/William L. Scott -------------------------- C3 Networks GP, LLC /S/Mark A. Pyle -------------------------- CSW Development-I, Inc. /S/Mark A. Pyle -------------------------- CSW Development-II, Inc. /S/Mark A. Pyle -------------------------- CSW Development-3, Inc. /S/Mark A. Pyle -------------------------- CSW Eastex GP I, Inc. /S/Mark A. Pyle -------------------------- CSW Eastex GP II, Inc. /S/Mark A. Pyle -------------------------- CSW Eastex LP I, Inc. /S/Mark A. Pyle -------------------------- CSW Eastex LP II, Inc. /S/Mark A. Pyle -------------------------- CSW Energy, Inc. /S/William L. Scott -------------------------- CSW Energy Services, Inc. /S/Mark A. Pyle -------------------------- CSW Ft. Lupton, Inc. /S/Mark A. Pyle -------------------------- CSW International, Inc. /S/Mark A. Pyle -------------------------- CSW International (U.K.), Inc. /S/Mark A. Pyle -------------------------- CSW International Two, Inc. /S/Mark A. Pyle -------------------------- CSW Mulberry, Inc. /S/Mark A. Pyle -------------------------- CSW Mulberry II, Inc. /S/Mark A. Pyle -------------------------- CSW Nevada, Inc. /S/Mark A. Pyle -------------------------- CSW Northwest GP, Inc. /S/Mark A. Pyle -------------------------- CSW Northwest LP, Inc. /S/Mark A. Pyle -------------------------- CSW Orange, Inc. /S/Mark A. Pyle -------------------------- CSW Orange II, Inc. /S/Mark A. Pyle -------------------------- CSW Power Marketing, Inc. /S/Mark A. Pyle -------------------------- CSW Services International, Inc. /S/Mark A. Pyle -------------------------- CSW Sweeny GP I, Inc. /S/Mark A. Pyle -------------------------- CSW Sweeny GP II, Inc. /S/Mark A. Pyle -------------------------- CSW Sweeny LP I, Inc. /S/Mark A. Pyle -------------------------- CSW Sweeny LP II, Inc. /S/Mark A. Pyle -------------------------- CSWC License, Inc. /S/Mark A. Pyle -------------------------- CSWC Southwest Holding, Inc. /S/Mark A. Pyle -------------------------- CSWC TeleChoice Management, Inc. /S/Mark A. Pyle -------------------------- DECCO II, LLC /S/Mark A. Pyle -------------------------- Diversified Energy Contractors Co., LLC /S/Mark A. Pyle -------------------------- Dolet Hills Lignite Company, LLC /S/Mark A. Pyle -------------------------- Enershop, Inc. /S/Mark A. Pyle -------------------------- Envirotherm, Inc. /S/Mark A. Pyle -------------------------- Franklin Real Estate Company /S/William L. Scott -------------------------- Golden Prairie Holding Company, LLC /S/Michael J. Kelley ------------------------ Golden Prairie Wind Farm, LLC /S/Michael J. Kelley ------------------------ Houston Pipe Line Company LP /S/Mark A. Pyle -------------------------- HPL GP, LLC /S/Mark A. Pyle -------------------------- HPL Holdings, Inc. /S/Mark A. Pyle -------------------------- HPL Resources Company LP /S/Mark A. Pyle -------------------------- Indiana Franklin Realty, Inc. /S/William L. Scott -------------------------- Indiana Michigan Power Company /S/William L. Scott -------------------------- Industry and Energy Associates, LLC /S/Mark A. Pyle -------------------------- Kentucky Power Company /S/William L. Scott -------------------------- Kingsport Power Company /S/William L. Scott -------------------------- Leesville Land, LLC /S/Jeffrey D. Cross -------------------------- LIG, Inc. /S/Mark A. Pyle -------------------------- LIG Chemical Company /S/Mark A. Pyle -------------------------- LIG Liquids Company, LLC /S/Mark A. Pyle -------------------------- LIG Pipeline Company /S/Mark A. Pyle -------------------------- Louisiana Intrastate Gas Company, LLC /S/Mark A. Pyle -------------------------- Mutual Energy, LLC /S/Mark A. Pyle -------------------------- Mutual Energy Service Company, LLC /S/Mark A. Pyle -------------------------- Mutual Energy SWEPCO LP /S/Mark A. Pyle -------------------------- Newgulf Power Venture, Inc. /S/Mark A. Pyle -------------------------- Noah I Power G.P., Inc. /S/Mark A. Pyle -------------------------- Ohio Power Company /S/William L. Scott -------------------------- POLR Power, LP /S/William L. Scott -------------------------- Price River Coal Company, Inc. /S/William L. Scott -------------------------- Public Service Company of Oklahoma /S/Mark A. Pyle ------------------------- REP General Partner LLC /S/Mark A. Pyle -------------------------- REP Holdco, LLC /S/Mark A. Pyle -------------------------- Simco, Inc. /S/William L. Scott -------------------------- Snowcap Coal Company, Inc. /S/Jeffrey D. Cross -------------------------- Southern Appalachian Coal Company /S/William L. Scott -------------------------- Southwest Arkansas Utilities Corp. /S/Mark A. Pyle -------------------------- Southwestern Electric Power Company /S/William L. Scott -------------------------- Southwestern Wholesale Electric Company /S/Mark A. Pyle -------------------------- Springdale Land, LLC /S/Jeffrey D. Cross -------------------------- Tuscaloosa Pipeline Company /S/Mark A. Pyle -------------------------- United Sciences Testing, Inc. /S/Mark A. Pyle -------------------------- Ventures Lease Co., LLC /S/Mark A. Pyle -------------------------- Wheeling Power Company /S/William L. Scott -------------------------- EXHIBIT E - CHART OF ACCOUNTS/PERSONNEL POLICIES ------------------------------------------------ CONTENTS 1 CHART OF ACCOUNTS FOR AEP SYSTEM COMPANIES - PER FULE 26 2 COPIES OF PERSONNEL POLICIES AS THEY RELATE TO RULE 48 (b) EXHIBIT E DOCUMENT: 1 CHART OF ACCOUNTS FOR AEP SYSTEM COMPANIES (PURSUANT TO RULE 26) THE FEDERAL ENERGY REGULATORY COMMISSION (FERC) UNIFORM SYSTEM OF ACCOUNTS (USA) IS USED BY MOST OF THE AEP SYSTEM COMPANIES WITH MODIFICATIONS AS NECESSARY TO ACCOUNT FOR NON-UTILITY BUSINESS OPERATIONS. CERTAIN AEP SYSTEM COMPANIES DO NOT FOLLOW THE FERC USA, THOSE COMPANIES USE THE TYPICAL COMMERCIAL CHART OF ACCOUNTS APPLICABLE FOR THAT TYPE OF BUSINESS OPERATION. 2 COPIES OF PERSONNEL POLICIES AS THEY RELATE TO RULE 48 (b): American Electric Power Exempt Employees and Nonexempt Supervisors Relocation Expense Policy. . . . . . Incorporated by Reference to 2002 Form U5S Annual Report, File No. 30-150.
EXHIBIT F - INTERCOMPANY BILLINGS --------------------------------- 2003 INTERCOMPANY BILLING COSTS INCURRED APPALACHIAN POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $3,692.30 $316.36 $0.00 $2,051.56 $7.10 Marketing-Business Services (14,861.55) 0.00 0.00 (150.00) (4,230.58) Dist Reg-Managerial 117,219.38 19,667.40 0.00 70,132.36 9,040.62 Dist Reg-Customer Services 737,934.38 44,539.77 0.00 536,115.43 20,607.55 Dist Reg-Eng-Engin & Planning 414,360.49 39,476.77 0.00 260,834.37 26,069.60 Dist Reg-Eng-Information & Drafting 73,676.20 8,408.65 0.00 53,538.67 3,200.34 Dist Reg-Stores 117,895.93 2,000.38 0.00 45,447.06 10,874.52 Dist Reg-Operations-Administrative (1.19) 0.00 0.00 (1.19) 0.00 Dist Reg-Operations-Meter 50,538.91 90.28 0.00 31,746.26 1,222.81 Dist Reg-Operations-Line 1,122,497.07 38,038.60 0.00 819,746.37 91,878.93 Engy Dis Sup-Right of Way Maintenance 107,147.81 31,510.37 0.00 63,008.78 1,234.22 Dist Eng-Engineering & Planning 37,028.61 3,079.73 0.00 18,249.45 2,281.01 Dist Data Systems-Joint Use 40,801.66 10,285.22 0.00 30,516.44 0.00 T&D Mat Dist-Central Warehouse 101,135.70 85,017.19 0.00 1,871.61 4,173.63 Energy Tran-Transmission Line 145,188.04 72,213.87 0.00 31,822.33 9,645.60 Energy Tran-Station 721,668.75 25,953.78 0.00 530,613.59 6,764.71 St Const-System Maint-Tools/Equipment 44,960.05 4,094.80 0.00 15,493.59 10,485.56 Operations Center 9,369.22 145.60 0.00 1,828.01 2,448.65 Engy Delivery Sup-Meter Operations 186,547.30 3,585.91 0.00 19,732.36 46,587.27 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 29,892.12 12,723.41 0.00 2,218.83 6,522.91 Land Mangement Forestry 2,422.89 0.60 0.00 64.43 365.95 Land Management Real Estate 12,488.72 2,374.50 0.00 9,967.10 44.92 Planning & Budgeting 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 181,964.48 1.52 0.00 23,195.53 49,638.94 Hydro Plant 257,335.19 0.04 0.00 539.40 4,436.46 Nuclear Generation 0.00 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 42,771.98 1.50 0.00 18,665.14 74.10 AdminCorporate Communications 4,865.72 111.37 0.00 509.83 4,242.59 Admin-Rates 1,496.47 (3.84) 0.00 20.33 62.47 AdminOtherAdministrative Group 10,575.90 (5,065.92) 0.00 37,631.90 35,299.48 Accounting-Adm 27.49 0.49 0.00 2.23 7.00 Corp Svc-Fleet Management 1,207.98 16,670.37 0.00 (8,328.13) (382.04) Corp Svc-Building Services 90,952.04 52,948.04 0.00 16,442.17 217.72 Corp Svc-Office Services 11,094.14 11,193.94 0.00 2,362.60 (450.87) LABOR FRINGES ON O&M LABOR 1,189,662.91 159,563.28 0.00 620,271.11 75,931.74 --------------- -------------- ------ -------------- ------------ TOTAL O&M COSTS 5,853,557.09 638,943.98 0.00 3,256,159.52 418,302.91 CONSTRUCTION, RETIRE, OTHER WIP 4,783,946.99 482,261.71 0.00 2,316,700.50 459,644.10 MATERIAL & SUPPLY COSTS 391,209.99 83,345.46 0.00 77,682.37 50,314.63 FACILITY COSTS 1,784,742.00 0.00 0.00 0.00 0.00 INVESTMENT CARRYING CHARGES 895,810.00 0.00 0.00 0.00 0.00 --------------- -------------- ------ -------------- ------------ TOTAL $13,709,266.07 $1,204,551.15 $0.00 $5,650,542.39 $928,261.64 =============== ============== ====== ============== ============
2003 INTERCOMPANY BILLING COSTS INCURRED APPALACHIAN POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.66 $749.39 $6.69 $560.54 Marketing-Business Services (1,126.51) (7,973.34) (1,381.12) 0.00 Dist Reg-Managerial 61.60 7,437.86 5,692.90 5,186.64 Dist Reg-Customer Services 1,807.08 113,863.00 20,964.28 37.27 Dist Reg-Eng-Engin & Planning 2,760.22 46,130.71 39,058.13 30.69 Dist Reg-Eng-Information & Drafting 291.59 4,543.84 3,693.11 0.00 Dist Reg-Stores 316.09 25,866.93 33,103.03 287.92 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 101.66 6,190.46 11,187.44 0.00 Dist Reg-Operations-Line 3,477.91 102,832.32 66,469.19 53.75 Engy Dis Sup-Right of Way Maintenance 89.08 1,654.43 1,374.40 8,276.53 Dist Eng-Engineering & Planning 1,890.27 8,808.49 2,714.27 5.39 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 285.75 6,771.95 2,788.14 227.43 Energy Tran-Transmission Line 14.47 30,855.95 635.82 0.00 Energy Tran-Station 161.75 56,451.84 101,167.33 555.75 St Const-System Maint-Tools/Equipment 11.57 14,737.59 136.94 0.00 Operations Center 80.55 3,202.07 1,664.34 0.00 Engy Delivery Sup-Meter Operations 3,369.28 61,599.66 51,672.82 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 81.79 5,334.71 1,473.53 1,536.94 Land Mangement Forestry 0.68 1,849.61 138.84 2.78 Land Management Real Estate 1.19 57.88 37.81 5.32 Planning & Budgeting 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 1.57 101,148.18 7,051.17 927.57 Hydro Plant 0.04 252,342.67 12.26 4.32 Nuclear Generation 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 23,820.86 65.25 39.34 105.79 AdminCorporate Communications 0.00 1.93 0.00 0.00 Admin-Rates 1,204.61 77.62 135.28 0.00 AdminOtherAdministrative Group 129.18 (76,308.96) 17,866.45 1,023.77 Accounting-Adm 0.50 9.32 7.95 0.00 Corp Svc-Fleet Management (0.10) (5,148.37) (6,988.60) 5,384.85 Corp Svc-Building Services 4.30 125.08 63.67 21,151.06 Corp Svc-Office Services (10.98) (359.54) (214.17) (1,426.84) LABOR FRINGES ON O&M LABOR 5,928.32 234,392.57 88,423.44 5,152.45 ----------- -------------- -------------- -------------- TOTAL O&M COSTS 44,754.98 997,311.10 448,994.68 49,089.92 CONSTRUCTION, RETIRE, OTHER WIP 21,327.50 793,922.05 520,326.66 189,764.47 MATERIAL & SUPPLY COSTS 2,740.07 72,158.95 104,968.51 0.00 FACILITY COSTS 0.00 0.00 0.00 1,784,742.00 INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 895,810.00 ----------- -------------- -------------- -------------- TOTAL $68,822.55 $1,863,392.10 $1,074,289.85 $2,919,406.39 =========== ============== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED COLUMBUS SOUTHERN POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $40.38 $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 1,646.87 22.44 581.84 87.95 421.72 Dist Reg-Managerial 193,615.52 98.17 5,830.42 1,497.68 1,786.37 Dist Reg-Customer Services 217,408.88 209.03 42,803.07 1,299.95 3,418.38 Dist Reg-Eng-Engin & Planning 200,170.04 734.46 69,892.95 9,093.91 9,657.25 Dist Reg-Eng-Information & Drafting 239,732.44 100.17 15,839.09 503.67 (10,231.10) Dist Reg-Stores 28,099.86 3.14 129.87 22.89 116.48 Dist Reg-Operations-Administrative 711,092.80 18.95 131,746.70 4,996.66 293.84 Dist Reg-Operations-Meter 80,245.21 0.00 0.00 0.00 0.00 Dist Reg-Operations-Line 1,102,054.16 2,484.27 304,898.82 21,778.70 61,942.70 Engy Dis Sup-Right of Way Maintenance 145,970.60 34.43 5,544.05 404.44 949.68 Dist Eng-Engineering & Planning 274,397.18 831.91 36,908.78 3,429.69 10,373.01 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 58,047.04 0.04 1.26 371.90 0.74 Energy Tran-Station 217,247.21 234.69 29,392.17 7,373.25 9,763.59 St Const-System Maint-Tools/Equipment 396.94 3.13 121.65 24.41 60.97 Operations Center (12,643.19) 0.00 (12,643.19) 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 137,846.10 978.61 12,760.90 14,450.14 8,013.69 Land Mangement Forestry 75,887.63 0.00 1,894.93 436.97 1,067.58 Land Management Real Estate 53,352.19 0.00 256.36 0.00 0.00 Planning & Budgeting 7,204.00 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 131,287.97 33.22 52,961.38 6,119.73 11,773.58 Hydro Plant 0.00 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 81,233.54 0.00 0.00 0.00 0.00 AdminCorporate Communications (137,782.92) 0.00 0.00 0.00 0.00 Admin-Rates 706.35 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group (216,041.02) 96.99 (4,691.96) (298.40) (1,566.95) Accounting-Adm 159.52 2.44 58.21 11.59 36.27 Corp Svc-Fleet Management 14,372.17 12.73 (18,459.68) 21,357.78 (24,830.54) Corp Svc-Building Services 275,138.21 7.01 1,042.86 343.11 529.63 Corp Svc-Office Services 0.00 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 966,509.69 1,519.50 134,024.19 15,790.53 25,185.29 --------------- ---------- -------------- ------------ ------------ TOTAL O&M COSTS 4,847,395.37 7,425.33 810,894.67 109,096.55 108,762.18 CONSTRUCTION, RETIRE, OTHER WIP 2,925,160.00 (1,575.61) 283,547.02 3,676.57 29,534.88 MATERIAL & SUPPLY COSTS 115,963.99 16.94 4,904.14 1,635.10 919.94 FACILITY COSTS 3,318,841.00 0.00 0.00 0.00 0.00 INVESTMENT CARRYING CHARGES 1,562,356.00 0.00 0.00 0.00 0.00 --------------- ---------- -------------- ------------ ------------ TOTAL $12,769,716.36 $5,866.66 $1,099,345.83 $114,408.22 $139,217.00 =============== ========== ============== ============ ============
2003 INTERCOMPANY BILLING COSTS INCURRED COLUMBUS SOUTHERN POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- --------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $40.38 $0.00 $0.00 Marketing-Business Services 18.23 514.69 0.00 0.00 Dist Reg-Managerial 524.29 183,878.59 0.00 0.00 Dist Reg-Customer Services 275.14 169,352.52 0.00 50.79 Dist Reg-Eng-Engin & Planning 874.84 109,876.36 0.00 40.27 Dist Reg-Eng-Information & Drafting 115.72 233,404.89 0.00 0.00 Dist Reg-Stores 3.42 27,561.65 0.00 262.41 Dist Reg-Operations-Administrative 25.13 574,008.24 0.00 3.28 Dist Reg-Operations-Meter 0.00 80,245.21 0.00 0.00 Dist Reg-Operations-Line 3,037.91 707,895.35 0.00 16.41 Engy Dis Sup-Right of Way Maintenance 62.57 138,975.43 0.00 0.00 Dist Eng-Engineering & Planning 798.97 222,053.27 0.00 1.55 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 0.05 57,673.05 0.00 0.00 Energy Tran-Station 473.26 169,487.93 0.00 522.32 St Const-System Maint-Tools/Equipment 4.63 182.15 0.00 0.00 Operations Center 0.00 0.00 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 87.98 101,153.65 0.00 401.13 Land Mangement Forestry 0.00 72,488.15 0.00 0.00 Land Management Real Estate 0.00 53,095.83 0.00 0.00 Planning & Budgeting 0.00 7,204.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 33.24 55,985.58 0.00 4,381.24 Hydro Plant 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 0.00 81,233.54 0.00 0.00 AdminCorporate Communications 0.00 (137,782.92) 0.00 0.00 Admin-Rates 0.00 706.35 0.00 0.00 AdminOtherAdministrative Group (108.15) (209,054.19) 0.00 (418.36) Accounting-Adm 2.57 48.44 0.00 0.00 Corp Svc-Fleet Management 29,614.10 4,129.52 0.00 2,548.26 Corp Svc-Building Services 7.96 20,382.06 0.00 252,825.58 Corp Svc-Office Services 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 3,200.32 722,326.05 0.00 64,463.81 ----------- -------------- ------ -------------- TOTAL O&M COSTS 39,052.18 3,447,065.77 0.00 325,098.69 CONSTRUCTION, RETIRE, OTHER WIP (115.80) 2,462,123.64 0.00 147,969.30 MATERIAL & SUPPLY COSTS (5,381.40) 113,869.27 0.00 0.00 FACILITY COSTS 0.00 627,339.00 0.00 2,691,502.00 INVESTMENT CARRYING CHARGES 0.00 543,834.00 0.00 1,018,522.00 ----------- -------------- ------ -------------- TOTAL $33,554.98 $7,194,231.68 $0.00 $4,183,091.99 =========== ============== ====== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED INDIANA MICHIGAN POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $409.90 $2.85 $58.98 $13.30 $0.00 Marketing-Business Services 403.00 0.00 0.00 0.00 0.00 Dist Reg-Managerial 1,569.48 2.96 1,452.68 14.17 0.00 Dist Reg-Customer Services 213,602.21 1,171.51 18,583.27 4,411.55 0.00 Dist Reg-Eng-Engin & Planning 46,853.07 699.63 17,983.84 3,323.12 0.00 Dist Reg-Eng-Information & Drafting 126,241.14 54.38 1,275.57 236.55 0.00 Dist Reg-Stores 5,352.79 6.64 218.09 49.15 0.00 Dist Reg-Operations-Administrative 4.95 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 37,206.71 52.37 22,045.15 279.17 0.00 Dist Reg-Operations-Line 331,243.50 164.05 14,993.03 1,313.46 0.00 Engy Dis Sup-Right of Way Maintenance 16,759.17 0.16 8.04 1.74 0.00 Dist Eng-Engineering & Planning 5,736.66 (54.12) (966.14) (155.76) 0.00 Dist Data Systems-Joint Use 6,303.88 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 652,734.93 8,086.33 257,357.87 59,358.84 0.00 Energy Tran-Transmission Line 63,162.93 0.21 140.34 1,468.18 0.00 Energy Tran-Station 142,433.22 66.30 11,031.05 1,643.90 0.00 St Const-System Maint-Tools/Equipment 10,596.71 47.39 1,462.03 289.48 0.00 Operations Center (3,608.62) 0.00 (3,608.62) 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 1,081.25 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 97,188.50 13.39 1,451.12 1,289.04 0.00 Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00 Land Management Real Estate 1,642.89 2.09 90.21 14.90 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 113,584.82 24.10 19,712.18 5,346.09 0.00 Hydro Plant 6,834.31 0.00 5,082.55 335.47 0.00 Nuclear Generation 25,383.38 2.10 14,030.79 3,962.09 0.00 AdminState Pres/Envir & Govt Affairs 4,688.83 0.85 1,420.80 323.65 0.00 AdminCorporate Communications 887.93 0.70 25.38 4.38 0.00 Admin-Rates 109.71 0.66 37.88 9.49 0.00 AdminOtherAdministrative Group 22,358.76 100.11 7,578.57 2,922.31 0.00 Accounting-Adm 60.21 0.86 21.18 4.23 0.00 Corp Svc-Fleet Management (60,904.60) 0.93 54.40 15.58 0.00 Corp Svc-Building Services 9,558.11 0.02 45.04 61.23 0.00 Corp Svc-Office Services 60.63 0.35 20.75 5.21 0.00 LABOR FRINGES ON O&M LABOR 567,021.39 4,058.66 131,064.83 29,065.58 0.00 -------------- ----------- ------------ ------------ ------ TOTAL O&M COSTS 2,446,561.75 14,505.48 522,670.86 115,606.10 0.00 CONSTRUCTION, RETIRE, OTHER WIP 1,361,562.92 7.07 89,155.57 27,892.95 0.00 MATERIAL & SUPPLY COSTS 165,424.50 123.89 12,152.27 25,021.39 0.00 FACILITY COSTS 2,192,057.00 0.00 0.00 0.00 0.00 INVESTMENT CARRYING CHARGES 170,276.00 0.00 0.00 0.00 0.00 -------------- ----------- ------------ ------------ ------ TOTAL $6,335,882.17 $14,636.44 $623,978.70 $168,520.44 $0.00 ============== =========== ============ ============ ======
2003 INTERCOMPANY BILLING COSTS INCURRED INDIANA MICHIGAN POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $2.72 $297.78 $34.27 $0.00 Marketing-Business Services 0.00 403.00 0.00 0.00 Dist Reg-Managerial 2.94 57.06 39.67 0.00 Dist Reg-Customer Services 1,097.55 174,967.62 13,370.71 0.00 Dist Reg-Eng-Engin & Planning 848.56 13,389.76 10,608.16 0.00 Dist Reg-Eng-Information & Drafting 706.85 123,152.32 815.47 0.00 Dist Reg-Stores 8.25 4,992.21 71.57 6.88 Dist Reg-Operations-Administrative 0.00 0.00 0.00 4.95 Dist Reg-Operations-Meter 53.67 2,873.99 11,871.97 30.39 Dist Reg-Operations-Line 724.14 279,159.79 34,880.92 8.11 Engy Dis Sup-Right of Way Maintenance 0.26 16,744.12 4.85 0.00 Dist Eng-Engineering & Planning 828.63 6,459.57 (375.52) 0.00 Dist Data Systems-Joint Use 0.00 6,303.88 0.00 0.00 T&D Mat Dist-Central Warehouse 9,633.72 236,268.57 82,022.05 7.55 Energy Tran-Transmission Line 0.16 61,552.20 1.84 0.00 Energy Tran-Station 318.12 124,664.11 4,517.78 191.96 St Const-System Maint-Tools/Equipment 60.56 6,598.10 2,129.15 10.00 Operations Center 0.00 0.00 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 1,081.25 0.00 Telecom-Telcommunications Operations 13.69 89,828.28 4,591.68 1.30 Land Mangement Forestry 0.00 0.00 0.00 0.00 Land Management Real Estate 2.14 1,255.04 41.27 237.24 Planning & Budgeting 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 26.51 80,191.19 4,489.02 3,795.73 Hydro Plant 0.00 1,284.59 3.69 128.01 Nuclear Generation 2.13 4,617.95 2,545.04 223.28 AdminState Pres/Envir & Govt Affairs 0.88 1,794.55 1,049.42 98.68 AdminCorporate Communications 3.81 29.72 13.62 810.32 Admin-Rates 0.68 35.27 21.75 3.98 AdminOtherAdministrative Group 314.98 7,210.38 4,232.41 0.00 Accounting-Adm 0.90 17.76 15.28 0.00 Corp Svc-Fleet Management (2,281.39) (45,285.06) (8,495.23) (4,913.83) Corp Svc-Building Services 0.02 7,961.89 54.49 1,435.42 Corp Svc-Office Services 0.37 19.83 11.95 2.17 LABOR FRINGES ON O&M LABOR 5,751.28 350,004.46 46,481.22 595.36 ----------- -------------- ------------ -------------- TOTAL O&M COSTS 18,122.13 1,556,849.93 216,129.75 2,677.50 CONSTRUCTION, RETIRE, OTHER WIP 5,652.62 1,085,828.41 67,988.83 85,037.47 MATERIAL & SUPPLY COSTS 1,221.46 106,273.42 20,632.07 0.00 FACILITY COSTS 0.00 0.00 0.00 2,192,057.00 INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 170,276.00 ----------- -------------- ------------ -------------- TOTAL $24,996.21 $2,748,951.76 $304,750.65 $2,450,047.97 =========== ============== ============ ==============
2003 INTERCOMPANY BILLING COSTS INCURRED KENTUCKY POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 366.66 2.41 132.34 0.00 65.91 Dist Reg-Managerial 15,036.23 399.13 7,482.96 0.00 6,794.03 Dist Reg-Customer Services 128,206.84 731.57 43,554.53 0.00 8,053.08 Dist Reg-Eng-Engin & Planning 67,317.41 5,894.40 54,958.69 0.00 941.21 Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00 Dist Reg-Stores 37,594.73 9.93 491.52 0.00 189.06 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 79,946.80 407.55 48,674.86 0.00 5,311.46 Dist Reg-Operations-Line 96,281.99 525.91 78,915.45 0.00 13,524.05 Engy Dis Sup-Right of Way Maintenance 831.90 5.46 300.33 0.00 149.51 Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 0.00 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 459,066.97 410.82 210,367.84 0.00 228.19 Energy Tran-Station 739,721.64 10,919.89 324,096.35 0.00 5,205.94 St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00 Operations Center (2,869.41) 0.00 (2,869.41) 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 15,365.00 0.00 15,365.00 0.00 0.00 Telecom-Telcommunications Operations 78,004.14 19.30 4,733.55 0.00 389.73 Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00 Land Management Real Estate (50.00) 0.00 (50.00) 0.00 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 58,468.05 0.00 37,089.59 0.00 15,363.78 Hydro Plant 0.00 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs (110,102.70) (429.28) (18,658.09) 0.00 (17,906.82) AdminCorporate Communications 5,029.35 0.25 4,978.55 0.00 10.08 Admin-Rates 543.14 2.18 98.94 0.00 95.50 AdminOtherAdministrative Group (42,279.64) 243.15 (42,916.52) 0.00 205.53 Accounting-Adm 3.80 0.05 1.15 0.00 0.75 Corp Svc-Fleet Management 35,118.33 3.66 34,414.05 0.00 97.62 Corp Svc-Building Services 106,176.97 4,205.98 60,592.24 0.00 0.00 Corp Svc-Office Services 919.11 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 514,949.23 5,519.39 241,155.88 0.00 14,859.95 -------------- ----------- -------------- ------ ----------- TOTAL O&M COSTS 2,283,646.54 28,871.75 1,102,909.80 0.00 53,578.56 CONSTRUCTION, RETIRE, OTHER WIP 1,167,426.04 10,639.31 722,179.00 0.00 30,051.39 MATERIAL & SUPPLY COSTS 21,934.42 0.13 12,027.40 0.00 (245.72) FACILITY COSTS 257,781.00 0.00 1,112.00 0.00 0.00 INVESTMENT CARRYING CHARGES 292,455.00 0.00 0.00 0.00 0.00 -------------- ----------- -------------- ------ ----------- TOTAL $4,023,243.00 $39,511.19 $1,838,228.20 $0.00 $83,384.23 ============== =========== ============== ====== ===========
2003 INTERCOMPANY BILLING COSTS INCURRED KENTUCKY POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 4.33 85.06 76.61 0.00 Dist Reg-Managerial 9.28 181.33 169.50 0.00 Dist Reg-Customer Services 705.44 67,876.19 7,286.03 0.00 Dist Reg-Eng-Engin & Planning 82.37 1,328.88 4,111.86 0.00 Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 Dist Reg-Stores 12.06 36,600.90 291.26 0.00 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 463.61 15,667.25 9,422.07 0.00 Dist Reg-Operations-Line 26.38 2,145.67 1,144.53 0.00 Engy Dis Sup-Right of Way Maintenance 9.82 193.05 173.73 0.00 Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 1,348.88 238,804.83 7,906.41 0.00 Energy Tran-Station 7.05 316,993.24 82,499.17 0.00 St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 Operations Center 0.00 0.00 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 9.64 43,622.27 29,229.65 0.00 Land Mangement Forestry 0.00 0.00 0.00 0.00 Land Management Real Estate 0.00 0.00 0.00 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 0.00 5,289.42 414.77 310.49 Hydro Plant 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs (436.92) (14,288.47) (8,508.75) (49,874.37) AdminCorporate Communications 0.25 8.07 4.80 27.35 Admin-Rates 2.22 79.03 47.27 218.00 AdminOtherAdministrative Group 88.77 (150.28) 249.71 0.00 Accounting-Adm 0.06 0.93 0.86 0.00 Corp Svc-Fleet Management 3.46 431.81 126.15 41.58 Corp Svc-Building Services 0.00 28,845.74 5,639.81 6,893.20 Corp Svc-Office Services 0.00 0.00 0.00 919.11 LABOR FRINGES ON O&M LABOR 950.42 201,696.05 49,454.25 1,313.29 ---------- -------------- ------------ ------------ TOTAL O&M COSTS 3,287.12 945,410.97 189,739.69 (40,151.35) CONSTRUCTION, RETIRE, OTHER WIP 5,552.10 278,683.52 120,320.72 0.00 MATERIAL & SUPPLY COSTS 0.13 8,231.01 1,906.33 15.14 FACILITY COSTS 0.00 0.00 0.00 256,669.00 INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 292,455.00 ---------- -------------- ------------ ------------ TOTAL $8,839.35 $1,232,325.50 $311,966.74 $508,987.79 ========== ============== ============ ============
2003 INTERCOMPANY BILLING COSTS INCURRED KINGSPORT POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 0.00 0.00 0.00 0.00 0.00 Dist Reg-Managerial 32,353.11 0.00 32,322.80 30.31 0.00 Dist Reg-Customer Services 6,037.60 0.00 5,035.53 97.43 279.21 Dist Reg-Eng-Engin & Planning 238,557.32 0.00 188,881.41 21,212.21 5,558.67 Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00 Dist Reg-Stores 44,403.60 0.00 44,320.96 9.01 21.40 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 13,335.55 0.00 10,716.43 49.49 127.65 Dist Reg-Operations-Line 59,774.53 0.00 51,113.33 7,554.33 54.46 Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00 0.00 Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 0.00 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 27,800.78 0.00 27,800.40 0.05 0.10 Energy Tran-Station 170,179.15 0.00 158,740.33 8,211.03 546.23 St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00 Operations Center (84.26) 0.00 (84.26) 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 30,034.63 0.00 29,947.95 6.04 35.10 Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00 Land Management Real Estate 0.00 0.00 0.00 0.00 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 0.00 0.00 0.00 0.00 0.00 Hydro Plant 0.00 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 770.00 0.00 770.00 0.00 0.00 AdminCorporate Communications 1,450.74 0.00 1,450.74 0.00 0.00 Admin-Rates 0.00 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group 4,613.44 0.00 1,422.46 19.74 23.62 Accounting-Adm 0.00 0.00 0.00 0.00 0.00 Corp Svc-Fleet Management 5,295.59 0.00 2,498.91 28.91 33.19 Corp Svc-Building Services 10,046.77 0.00 1,205.73 8,841.04 0.00 Corp Svc-Office Services 0.00 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 192,750.09 0.00 175,140.89 6,763.97 2,694.32 -------------- ------ -------------- ------------ ---------- TOTAL O&M COSTS 837,318.64 0.00 731,283.61 52,823.56 9,373.95 CONSTRUCTION, RETIRE, OTHER WIP 1,100,488.98 0.00 990,549.35 101,668.17 0.00 MATERIAL & SUPPLY COSTS 3,662.00 0.00 2,917.02 229.92 0.00 FACILITY COSTS 21,426.00 0.00 0.00 0.00 0.00 INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 0.00 0.00 -------------- ------ -------------- ------------ ---------- TOTAL $1,962,895.62 $0.00 $1,724,749.98 $154,721.65 $9,373.95 ============== ====== ============== ============ ==========
2003 INTERCOMPANY BILLING COSTS INCURRED KINGSPORT POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 0.00 0.00 0.00 0.00 Dist Reg-Managerial 0.00 0.00 0.00 0.00 Dist Reg-Customer Services 18.48 389.05 217.90 0.00 Dist Reg-Eng-Engin & Planning 505.83 9,927.28 12,471.92 0.00 Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 Dist Reg-Stores 1.57 37.88 12.78 0.00 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 5.23 168.42 2,268.33 0.00 Dist Reg-Operations-Line 4.57 984.66 63.18 0.00 Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00 Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 0.01 0.17 0.05 0.00 Energy Tran-Station 2.78 2,326.14 352.64 0.00 St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 Operations Center 0.00 0.00 0.00 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 0.86 28.00 16.68 0.00 Land Mangement Forestry 0.00 0.00 0.00 0.00 Land Management Real Estate 0.00 0.00 0.00 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 0.00 0.00 0.00 0.00 Hydro Plant 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 0.00 0.00 0.00 0.00 AdminCorporate Communications 0.00 0.00 0.00 0.00 Admin-Rates 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group 1.19 1,047.72 1,767.01 331.70 Accounting-Adm 0.00 0.00 0.00 0.00 Corp Svc-Fleet Management 0.82 26.58 2,615.80 91.38 Corp Svc-Building Services 0.00 0.00 0.00 0.00 Corp Svc-Office Services 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 243.92 4,518.26 3,388.73 0.00 --------- ----------- ----------- ----------- TOTAL O&M COSTS 785.26 19,454.16 23,175.02 423.08 CONSTRUCTION, RETIRE, OTHER WIP 0.00 8,271.46 0.00 0.00 MATERIAL & SUPPLY COSTS (925.26) 0.00 0.00 1,440.32 FACILITY COSTS 0.00 0.00 0.00 21,426.00 INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 0.00 --------- ----------- ----------- ----------- TOTAL ($140.00) $27,725.62 $23,175.02 $23,289.40 ========= =========== =========== ===========
2003 INTERCOMPANY BILLING COSTS INCURRED OHIO POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $1,263.67 $0.00 $1,263.67 $0.00 $0.00 Marketing-Business Services 3,032.22 29.95 1,312.68 128.98 1,155.65 Dist Reg-Managerial 191,370.77 278.69 13,228.54 1,441.64 6,418.16 Dist Reg-Customer Services 464,140.57 686.40 21,114.89 131,032.57 9,855.60 Dist Reg-Eng-Engin & Planning 140,671.09 468.01 49,949.04 13,237.59 9,496.89 Dist Reg-Eng-Information & Drafting 20,650.40 1.91 46.52 9.14 23.20 Dist Reg-Stores 240,597.07 25.34 111,448.09 395.14 1,692.30 Dist Reg-Operations-Administrative 14,719.37 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 95,864.33 7.57 7,693.07 6,805.29 1,313.35 Dist Reg-Operations-Line 2,449,498.22 1,100.31 1,025,640.01 152,965.57 87,561.90 Engy Dis Sup-Right of Way Maintenance 63,005.17 3.98 1,471.21 29,051.78 691.99 Dist Eng-Engineering & Planning 8,639.92 44.19 1,053.09 431.07 825.67 Dist Data Systems-Joint Use 71,018.05 6.18 125.12 23.47 42,850.81 T&D Mat Dist-Central Warehouse 237,712.26 1,604.84 102,415.19 18,500.01 24,829.15 Energy Tran-Transmission Line 564,257.95 23.21 82,635.07 29,149.93 23,558.30 Energy Tran-Station 1,086,359.37 252.30 185,395.71 41,366.59 39,822.67 St Const-System Maint-Tools/Equipment 5,869.38 1.86 3,369.76 21.80 56.97 Operations Center (2,606.81) 3.46 (3,038.58) 138.21 56.15 Engy Delivery Sup-Meter Operations 424,737.74 6,552.81 140,529.04 26,833.29 126,256.48 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 68,936.58 51.03 3,380.59 5,115.28 14,969.25 Land Mangement Forestry 55.31 0.00 0.00 0.00 0.00 Land Management Real Estate 39,213.50 0.49 21,749.74 0.74 0.98 Planning & Budgeting (5,205.05) 0.27 6.73 1.24 (5,217.62) Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 573,562.13 1.30 288,992.73 33,333.64 110,825.37 Hydro Plant 1,512.78 0.00 1,383.89 8.98 119.08 Nuclear Generation 0.00 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 12,784.06 0.00 0.00 0.00 0.00 AdminCorporate Communications (156,548.94) 0.00 0.00 0.00 0.00 Admin-Rates 0.00 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group 120,696.55 181.16 61,192.13 26,768.63 11,693.13 Accounting-Adm 47.66 0.29 6.80 1.33 34.12 Corp Svc-Fleet Management 29,080.64 6.92 (5,190.85) 280.52 (33,817.93) Corp Svc-Building Services 89,426.38 0.96 11,952.33 383.09 16,704.48 Corp Svc-Office Services 21.22 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 1,683,967.79 4,140.64 348,001.97 117,927.12 134,957.05 --------------- ----------- -------------- -------------- -------------- TOTAL O&M COSTS 8,538,351.35 15,474.07 2,477,128.18 635,352.64 626,733.15 CONSTRUCTION, RETIRE, OTHER WIP 6,491,775.15 78.87 1,315,906.37 336,617.26 1,447,850.98 MATERIAL & SUPPLY COSTS 841,831.12 539.11 131,460.26 56,267.75 37,858.09 FACILITY COSTS 1,542,748.00 0.00 544.00 0.00 0.00 INVESTMENT CARRYING CHARGES 659,700.00 0.00 283.00 0.00 0.00 --------------- ----------- -------------- -------------- -------------- TOTAL $18,074,405.62 $16,092.05 $3,925,321.81 $1,028,237.65 $2,112,442.22 =============== =========== ============== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED OHIO POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 15.60 0.00 389.36 0.00 Dist Reg-Managerial 554.96 0.00 169,448.78 0.00 Dist Reg-Customer Services 74,410.29 0.00 227,000.08 40.74 Dist Reg-Eng-Engin & Planning 39,405.76 0.00 26,983.55 1,130.25 Dist Reg-Eng-Information & Drafting 22,040.16 0.00 (1,470.53) 0.00 Dist Reg-Stores 477.97 0.00 126,242.61 315.62 Dist Reg-Operations-Administrative 0.00 0.00 14,719.37 0.00 Dist Reg-Operations-Meter 9.66 0.00 80,035.39 0.00 Dist Reg-Operations-Line 56,044.57 0.00 1,126,119.66 66.20 Engy Dis Sup-Right of Way Maintenance 49.75 0.00 31,736.46 0.00 Dist Eng-Engineering & Planning 5,030.18 0.00 1,255.72 0.00 Dist Data Systems-Joint Use 27,907.68 0.00 104.79 0.00 T&D Mat Dist-Central Warehouse 1,699.33 0.00 88,663.38 0.36 Energy Tran-Transmission Line 30,799.46 0.00 398,085.20 6.78 Energy Tran-Station 412,211.69 0.00 407,221.74 88.67 St Const-System Maint-Tools/Equipment 2,359.66 0.00 59.33 0.00 Operations Center 17.99 0.00 215.96 0.00 Engy Delivery Sup-Meter Operations 7,336.12 0.00 117,230.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 5,485.41 0.00 40,475.14 (540.12) Land Mangement Forestry 0.00 0.00 55.31 0.00 Land Management Real Estate 0.49 0.00 17,461.06 0.00 Planning & Budgeting 0.32 0.00 4.01 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial (1.00) 0.00 133,725.23 6,684.86 Hydro Plant 0.00 0.00 0.83 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 0.00 0.00 12,784.06 0.00 AdminCorporate Communications 196.81 0.00 (156,745.75) 0.00 Admin-Rates 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group (4,434.90) 0.00 25,197.07 99.33 Accounting-Adm 0.27 0.00 4.85 0.00 Corp Svc-Fleet Management 14,565.82 0.00 52,776.02 460.14 Corp Svc-Building Services 17,520.00 0.00 29,617.07 13,248.45 Corp Svc-Office Services 0.00 0.00 0.00 21.22 LABOR FRINGES ON O&M LABOR 246,075.96 0.00 824,117.51 8,747.54 -------------- ------ -------------- -------------- TOTAL O&M COSTS 959,780.01 0.00 3,793,513.26 30,370.04 CONSTRUCTION, RETIRE, OTHER WIP 810,039.55 0.00 2,498,357.09 82,925.03 MATERIAL & SUPPLY COSTS 24,681.35 0.00 590,887.14 137.42 FACILITY COSTS 0.00 0.00 4,747.00 1,537,457.00 INVESTMENT CARRYING CHARGES 0.00 0.00 5,013.00 654,404.00 -------------- ------ -------------- -------------- TOTAL $1,794,500.91 $0.00 $6,892,517.49 $2,305,293.49 ============== ====== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED WHEELING POWER COMPANY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 1,064.66 6.39 316.25 28.29 286.59 Dist Reg-Managerial 50,175.38 0.00 0.00 0.00 0.00 Dist Reg-Customer Services 1,027.56 2.73 156.07 32.72 76.78 Dist Reg-Eng-Engin & Planning 26,383.03 11.67 523.62 107.42 260.41 Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00 Dist Reg-Stores 43.24 0.00 0.15 0.04 0.09 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 35,243.34 1.82 7,917.55 21.38 50.21 Dist Reg-Operations-Line 118,505.17 599.36 67,226.56 2,850.27 8,099.32 Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00 0.00 Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 0.00 Dist Data Systems-Joint Use 349.99 0.00 0.00 0.00 349.99 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 10,285.74 0.00 0.04 0.01 0.03 Energy Tran-Station 3,802.77 0.00 0.00 0.00 0.00 St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00 Operations Center 426.35 8.68 12.03 32.96 108.53 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 685.00 0.00 0.00 0.00 0.00 Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00 Land Management Real Estate 0.00 0.00 0.00 0.00 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 0.00 0.00 0.00 0.00 0.00 Hydro Plant 0.00 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 25,181.90 0.00 25,181.90 0.00 0.00 AdminCorporate Communications 1,207.28 0.00 1,207.28 0.00 0.00 Admin-Rates 0.00 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group (8,356.93) (533.69) (6,030.89) 21.24 257.67 Accounting-Adm 0.00 0.00 0.00 0.00 0.00 Corp Svc-Fleet Management (2,905.39) 0.00 0.00 0.20 (3,477.46) Corp Svc-Building Services 39,035.26 0.00 0.00 0.00 71.72 Corp Svc-Office Services 0.00 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 85,961.63 228.26 6,453.17 1,084.82 5,373.14 ------------ -------- ------------ ---------- ----------- TOTAL O&M COSTS 388,115.98 325.22 102,963.73 4,179.35 11,457.02 CONSTRUCTION, RETIRE, OTHER WIP 306,153.50 0.00 3,875.01 0.00 (10.15) MATERIAL & SUPPLY COSTS 32,593.88 188.53 0.00 54.78 0.00 FACILITY COSTS 4,547.00 0.00 0.00 0.00 0.00 INVESTMENT CARRYING CHARGES 2,290.00 0.00 0.00 0.00 0.00 ------------ -------- ------------ ---------- ----------- TOTAL $733,700.36 $513.75 $106,838.74 $4,234.13 $11,446.87 ============ ======== ============ ========== ===========
2003 INTERCOMPANY BILLING COSTS INCURRED WHEELING POWER COMPANY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 Marketing-Business Services 0.00 347.28 79.86 0.00 Dist Reg-Managerial 0.00 50,175.38 0.00 0.00 Dist Reg-Customer Services 0.00 179.78 567.18 12.30 Dist Reg-Eng-Engin & Planning 0.00 25,178.92 300.99 0.00 Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 Dist Reg-Stores 0.00 42.91 0.05 0.00 Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 Dist Reg-Operations-Meter 0.00 24,574.68 2,677.70 0.00 Dist Reg-Operations-Line 0.00 30,618.19 9,111.47 0.00 Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00 Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 Energy Tran-Transmission Line 0.00 10,285.65 0.01 0.00 Energy Tran-Station 0.00 3,890.59 (87.82) 0.00 St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 Operations Center 0.00 133.27 130.88 0.00 Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 Telecom-Telcommunications Operations 0.00 685.00 0.00 0.00 Land Mangement Forestry 0.00 0.00 0.00 0.00 Land Management Real Estate 0.00 0.00 0.00 0.00 Planning & Budgeting 0.00 0.00 0.00 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 0.00 0.00 0.00 0.00 Hydro Plant 0.00 0.00 0.00 0.00 Nuclear Generation 0.00 0.00 0.00 0.00 AdminState Pres/Envir & Govt Affairs 0.00 0.00 0.00 0.00 AdminCorporate Communications 0.00 0.00 0.00 0.00 Admin-Rates 0.00 0.00 0.00 0.00 AdminOtherAdministrative Group 0.00 (2,247.62) 176.15 0.21 Accounting-Adm 0.00 0.00 0.00 0.00 Corp Svc-Fleet Management 0.00 571.87 0.00 0.00 Corp Svc-Building Services 0.00 38,951.32 0.00 12.22 Corp Svc-Office Services 0.00 0.00 0.00 0.00 LABOR FRINGES ON O&M LABOR 0.00 69,050.25 3,762.23 9.76 ------ ------------ ----------- ---------- TOTAL O&M COSTS 0.00 252,437.47 16,718.70 34.49 CONSTRUCTION, RETIRE, OTHER WIP 0.00 301,479.64 809.00 0.00 MATERIAL & SUPPLY COSTS 0.00 32,329.87 20.70 0.00 FACILITY COSTS 0.00 3,120.00 0.00 1,427.00 INVESTMENT CARRYING CHARGES 0.00 1,131.00 0.00 1,159.00 ------ ------------ ----------- ---------- TOTAL $0.00 $590,497.98 $17,548.40 $2,620.49 ====== ============ =========== ==========
2003 INTERCOMPANY BILLING COSTS INCURRED TOTAL COMPANY SUMMARY Kingsport Appalachian Kentucky Indiana Michigan COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company ---------------------------- --------- ------------- ------------- ------------- ---------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $5,406.25 $319.21 $1,322.65 $2,064.86 $7.10 Marketing-Business Services (8,348.14) 61.19 2,343.11 95.22 (2,300.71) Dist Reg-Managerial 601,339.87 20,446.35 60,317.40 73,116.16 24,039.18 Dist Reg-Customer Services 1,768,358.04 47,341.01 131,247.36 672,989.65 42,290.60 Dist Reg-Eng-Engin & Planning 1,134,312.45 47,284.94 382,189.55 307,808.62 51,984.03 Dist Reg-Eng-Information & Drafting 460,300.18 8,565.11 17,161.18 54,288.03 (7,007.56) Dist Reg-Stores 473,987.22 2,045.43 156,608.68 45,923.29 12,893.85 Dist Reg-Operations-Administrative 725,815.93 18.95 131,746.70 4,995.47 293.84 Dist Reg-Operations-Meter 392,380.85 559.59 97,047.06 38,901.59 8,025.48 Dist Reg-Operations-Line 5,279,854.64 42,912.50 1,542,787.20 1,006,208.70 263,061.36 Engy Dis Sup-Right of Way Maintenance 333,714.65 31,554.40 7,323.63 92,466.74 3,025.40 Dist Eng-Engineering & Planning 325,802.37 3,901.71 36,995.73 21,954.45 13,479.69 Dist Data Systems-Joint Use 118,473.58 10,291.40 125.12 30,539.91 43,200.80 T&D Mat Dist-Central Warehouse 991,582.89 94,708.36 359,773.06 79,730.46 29,002.78 Energy Tran-Transmission Line 1,327,809.45 72,648.15 320,944.95 62,812.40 33,432.96 Energy Tran-Station 3,081,412.11 37,426.96 708,655.61 589,208.36 62,103.14 St Const-System Maint-Tools/Equipment 61,823.08 4,147.18 4,953.44 15,829.28 10,603.50 Operations Center (12,016.72) 157.74 (22,232.03) 1,999.18 2,613.33 Engy Delivery Sup-Meter Operations 611,285.04 10,138.72 140,529.04 46,565.65 172,843.75 Telecom-Telcommunications Engineering 16,446.25 0.00 15,365.00 0.00 0.00 Telecom-Telcommunications Operations 442,587.07 13,785.74 52,274.11 23,079.33 29,930.68 Land Mangement Forestry 78,365.83 0.60 1,894.93 501.40 1,433.53 Land Management Real Estate 106,647.30 2,377.08 22,046.31 9,982.74 45.90 Planning & Budgeting 1,998.95 0.27 6.73 1.24 (5,217.62) Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 1,058,867.45 60.14 398,755.88 67,994.99 187,601.67 Hydro Plant 265,682.28 0.04 6,466.44 883.85 4,555.54 Nuclear Generation 25,383.38 2.10 14,030.79 3,962.09 0.00 AdminState Pres/Envir & Govt Affairs 57,327.61 (426.93) 8,714.61 18,988.79 (17,832.72) AdminCorporate Communications (280,890.84) 112.32 7,661.95 514.21 4,252.67 Admin-Rates 2,855.67 (1.00) 136.82 29.82 157.97 AdminOtherAdministrative Group (108,432.94) (4,978.20) 16,553.79 67,065.42 45,912.48 Accounting-Adm 298.68 4.13 87.34 19.38 78.14 Corp Svc-Fleet Management 21,264.72 16,694.61 13,316.83 13,354.86 (62,377.16) Corp Svc-Building Services 620,333.74 57,162.01 74,838.20 26,070.64 17,523.55 Corp Svc-Office Services 12,095.10 11,194.29 20.75 2,367.81 (450.87) LABOR FRINGES ON O&M LABOR 5,200,822.73 175,029.73 1,035,840.93 790,903.13 259,001.49 --------------- -------------- -------------- -------------- -------------- TOTAL O&M COSTS 25,194,946.72 705,545.83 5,747,850.85 4,173,217.72 1,228,207.77 CONSTRUCTION, RETIRE, OTHER WIP 18,136,513.58 491,411.35 3,405,212.32 2,786,555.45 1,967,071.20 MATERIAL & SUPPLY COSTS 1,572,619.90 84,214.06 163,461.09 160,891.31 88,846.94 FACILITY COSTS 9,122,142.00 0.00 1,656.00 0.00 0.00 INVESTMENT CARRYING CHARGES 3,582,887.00 0.00 283.00 0.00 0.00 --------------- -------------- -------------- -------------- -------------- TOTAL $57,609,109.20 $1,281,171.24 $9,318,463.26 $7,120,664.48 $3,284,125.91 =============== ============== ============== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED TOTAL COMPANY SUMMARY (Continued) American Electric Power Wheeling Power Ohio Power Columbus Southern Service COMPANY BENEFITING FROM WORK Company Company Power Company Corporation ---------------------------- -------------- ---------- ----------------- -------------- ORGANIZATION PROVIDING SERVICE O&M COSTS Marketing-Economic Development $3.38 $1,087.55 $40.96 $560.54 Marketing-Business Services (1,088.35) (6,623.31) (835.29) 0.00 Dist Reg-Managerial 1,153.07 241,730.22 175,350.85 5,186.64 Dist Reg-Customer Services 78,313.98 526,628.16 269,406.18 141.10 Dist Reg-Eng-Engin & Planning 44,477.58 205,831.91 93,534.61 1,201.21 Dist Reg-Eng-Information & Drafting 23,154.32 361,101.05 3,038.05 0.00 Dist Reg-Stores 819.36 95,102.48 159,721.30 872.83 Dist Reg-Operations-Administrative 25.13 574,008.24 14,719.37 8.23 Dist Reg-Operations-Meter 633.83 129,720.01 117,462.90 30.39 Dist Reg-Operations-Line 63,315.48 1,123,635.98 1,237,788.95 144.47 Engy Dis Sup-Right of Way Maintenance 211.48 157,567.03 33,289.44 8,276.53 Dist Eng-Engineering & Planning 8,548.05 237,321.33 3,594.47 6.94 Dist Data Systems-Joint Use 27,907.68 6,303.88 104.79 0.00 T&D Mat Dist-Central Warehouse 11,618.80 243,040.52 173,473.57 235.34 Energy Tran-Transmission Line 32,163.03 399,171.85 406,629.33 6.78 Energy Tran-Station 413,174.65 673,813.85 595,670.84 1,358.70 St Const-System Maint-Tools/Equipment 2,436.42 21,517.84 2,325.42 10.00 Operations Center 98.54 3,335.34 2,011.18 0.00 Engy Delivery Sup-Meter Operations 10,705.40 61,599.66 168,902.82 0.00 Telecom-Telcommunications Engineering 0.00 0.00 1,081.25 0.00 Telecom-Telcommunications Operations 5,679.37 240,651.91 75,786.68 1,399.25 Land Mangement Forestry 0.68 74,337.76 194.15 2.78 Land Management Real Estate 3.82 54,408.75 17,540.14 242.56 Planning & Budgeting 0.32 7,204.00 4.01 0.00 Coal Terminal-Cook 0.00 0.00 0.00 0.00 Coal Terminal-Putnam 0.00 0.00 0.00 0.00 Fossil Power Plant Managerial 60.32 242,614.37 145,680.19 16,099.89 Hydro Plant 0.04 253,627.26 16.78 132.33 Nuclear Generation 2.13 4,617.95 2,545.04 223.28 AdminState Pres/Envir & Govt Affairs 23,384.82 68,804.87 5,364.07 (49,669.90) AdminCorporate Communications 200.87 (137,743.20) (156,727.33) 837.67 Admin-Rates 1,207.51 898.27 204.30 221.98 AdminOtherAdministrative Group (4,008.93) (279,502.95) 49,488.80 1,036.65 Accounting-Adm 4.30 76.45 28.94 0.00 Corp Svc-Fleet Management 41,902.71 (45,273.65) 40,034.14 3,612.38 Corp Svc-Building Services 17,532.28 96,266.09 35,375.04 295,565.93 Corp Svc-Office Services (10.61) (339.71) (202.22) (484.34) LABOR FRINGES ON O&M LABOR 262,150.22 1,581,987.64 1,015,627.38 80,282.21 -------------- --------------- -------------- --------------- TOTAL O&M COSTS 1,065,781.68 7,218,529.40 4,688,271.10 367,542.37 CONSTRUCTION, RETIRE, OTHER WIP 842,455.97 4,930,308.72 3,207,802.30 505,696.27 MATERIAL & SUPPLY COSTS 22,336.35 332,862.52 718,414.75 1,592.88 FACILITY COSTS 0.00 630,459.00 4,747.00 8,485,280.00 INVESTMENT CARRYING CHARGES 0.00 544,965.00 5,013.00 3,032,626.00 -------------- --------------- -------------- --------------- TOTAL $1,930,574.00 $13,657,124.64 $8,624,248.15 $12,392,737.52 ============== =============== ============== ===============
EXHIBIT G - ORGANIZATIONAL CHART - EXEMPT WHOLESALE GENERATORS, FOREIGN UTILITY COMPANIES ------------------------------------------------------------------------------- Organization chart showing the relationship of each EWG or foreign utility company in which the system holds an interest to other system companies. Each direct or indirect subsidiary of AEP Co., Inc. listed below is owned by the company immediately above it. The percentage ownership is 100% except where noted. 00. American Electric Power Company, Inc. 01. AEP Desert Sky LP, LLC 02. AEP Desert Sky GP, LLC 03. Desert Sky Wind Farm LP (EWG) (a) 01. AEP Desert Sky LP II, LLC 02. Desert Sky Wind Farm LP (EWG)(a) 01. AEP Resources, Inc. 02. AEP Resources Australia Pty., Ltd. 03. Pacific Hydro Ltd. (20%) (FUCO) 02. NGLE International, Limited 03. NGLE Pushan Power LDC (b) 04. Nanyang General Light Electric Co., Ltd. (FUCO) (c) 03. NGLE Project Management Company, Ltd. 04. NGLE Pushan Power LDC (b) 05. Nanyang General Light Electric Co., Ltd. (FUCO) (c) 02. AEP Delaware Investment Company (FUCO) 03. AEP Holdings I C.V. (FUCO) (d) 04. AEPR Global Investments B.V. (FUCO) 05. AEPR Global Holland Holding B.V. (FUCO) 04. AEP Holdings II C.V. (FUCO) (e) 05. AEP Energy Services UK Generation Limited (FUCO) 05. AEP Energy Services Limited (FUCO) 05. Intergen Denmark, Aps (FUCO) (f) 02. AEP Delaware Investment Company II (FUCO) 03. AEP Holdings II C.V. (FUCO) (e) 04. AEP Energy Services UK Generation Limited (FUCO) 04. AEP Energy Services Limited (FUCO) 04. AEPR Global Ventures B.V. (FUCO) 05. AEP Energy Services (Australia) Pty., Ltd. (FUCO) 05. Operaciones Azteca VIII, S. de R.L. de C.V. (FUCO) (g) 05. Servicios Azteca VIII, S. de R.L. de C.V. (FUCO) (g) 04. Intergen Denmark, Aps (FUCO) (f) 02. AEPR Ohio, LLC (FUCO) 03. AEP Delaware Investment Co. III 04. AEP Holdings I C.V. (FUCO) (d) 05. AEPR Global Investments B.V. (FUCO) 06. AEPR Global Holland Holding B.V. (FUCO) 06. AEP Energy Services UK Generation Limited (FUCO) 05. AEP Holdings II C.V. (FUCO) (e) 06. AEP Energy Services Limited (FUCO) 06. AEPR Global Ventures B.V. (FUCO) 07. AEP Energy Services (Australia) Pty., Ltd. (FUCO) 06. Intergen Denmark, Aps (FUCO) (f) 07. Intergen Mexico,B.V. (FUCO) 08. Intergen Aztec Energy VIII, B.V. (FUCO) 09. Energia Azteca VIII, S. de R.L. de C.V. (FUCO) 09. Intergen Aztec Energy VI, B.V. (FUCO) 10. Energia Azteca VIII, S. de R.L. de C.V. (FUCO)(h) 06. AEPR Global Energy B.V (FUCO) 07. Intergen Denmark, Aps (FUCO) (f) 01. AEP Utilities, Inc. 02. CSW Energy, Inc. 03. AEP Wind Holding LLC 04. AEP Wind GP, LLC 05. Trent Wind Farm L.P. (EWG) (i) 04. AEP Wind LP, II, LLC 05. Trent Wind Farm L.P. (EWG) (i) 02. CSW International Inc. 03. CSW International Two, Inc. 04. CSW UK Holdings 05. CSWI Europe Limited 06. South Coast Power Limited (FUCO) (j) (a) Owned 99% by AEP Desert Sky LP II, LLC and 1% by AEP Desert Sky GP,LLC. (b) Owned 99% by NGLE International, Limited and 1% by NGLE Project Management Company, Ltd. (c) NGLE Pushan Power LDC owns 70% and the remaining 30% is owned by two unaffiliated companies. (d) Owned 92% by AEP Delaware Investment Co. III and 8% by AEP Delaware Investment Company. (e) Owned 88% by AEP Holdings I C.V. and 12% by AEP Delaware Investment Company II. (f) Owned 48.83% by AEP Holdings II C.V., 1.17% by AEPR Global Energy B.V. and 50% by unaffiliated companies. (g) Owned 50% by AEPR Global Ventures B.V. and 50% by an unaffiliated company. (h) Owned 98% by Intergen Aztec Energy VIII, B.V. and 2% by Intergen Aztec Energy VI, B.V. (i) Owned 99% by AEP Wind LP II, LLC and 1% by AEP Wind GP, LLC. (j) Owned 50% by CSWI Europe Limited and 50% by an unaffiliated company.