-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Pn87/mflSHjp4z2f0rN2YnqtJSPJcS6cp6wEvyzo4ruNJNx6D3mlqtTIe33rOsNP T2THYDy19u6M9pAKEwnifQ== 0000004904-05-000268.txt : 20050829 0000004904-05-000268.hdr.sgml : 20050829 20050829165031 ACCESSION NUMBER: 0000004904-05-000268 CONFORMED SUBMISSION TYPE: 35-CERT PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20050829 DATE AS OF CHANGE: 20050829 EFFECTIVENESS DATE: 20050829 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTRIC POWER CO INC CENTRAL INDEX KEY: 0000004904 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 134922640 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 35-CERT SEC ACT: 1935 Act SEC FILE NUMBER: 070-10166 FILM NUMBER: 051056006 BUSINESS ADDRESS: STREET 1: 1 RIVERSIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 614-716-1193 MAIL ADDRESS: STREET 1: 1 RIVERSIDE PLAZA CITY: COLUMBUS STATE: OH ZIP: 43215 FORMER COMPANY: FORMER CONFORMED NAME: KINGSPORT UTILITIES INC DATE OF NAME CHANGE: 19660906 35-CERT 1 q2057010166.htm AEP MONEY POOL Money Pool


 
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 


 
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
 
File No 70-10166
 
REPORT FOR PERIOD
 
April 1, 2005 to June 30, 2005
 
PURSUANT TO RULE 24
 
In the matter of
 
AMERICAN ELECTRIC POWER COMPANY, INC.
 
 
This Certificate of Notification is filed by American Electric Power Company, Inc., a New York corporation (“AEP”), on behalf of itself and certain of its direct and indirect subsidiaries pursuant to Rule 24 (17 C.F.R. 250.24) under the Public Utility Holding Company Act of 1935 (the “Act”). Such filing is made in connection with the Form U-1, as amended, filed by AEP in File 70-10166 and as authorized by order of the Securities and Exchange Commission (“the Commission”) dated July 1, 2004 in that file. The order directs that the applicants file with the Commission quarterly certificates pursuant to Rule 24 within 60 days after the fiscal quarter in which transactions occur. This authority replaces and supersedes authority granted in File Numbers 70-10021 and 70-10088.
 
 
This Certificate of Notification reports transactions for the quarter ended June 30, 2005.
 
 
AEP hereby certifies for itself and its subsidiaries the following:
 
 

 
AMERICAN ELECTRIC POWER COMPANY, INC., et al.
QUARTERLY REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 27872
FILE NO. 70-10166
FOR THE QUARTER ENDED JUNE 30, 2005
 
 

 
Contents
     
 Item
 
 Description
     
1
 
The sales of any Common Stock by AEP and the purchase price per share of stock issued and sold pursuant to the authority.
2
 
Amount and terms of any Long-term Debt, Preferred Stock, Preferred Securities, equity-linked securities directly or indirectly issued by AEP.
3
 
The amount and terms of any Long-term Debt issued by Kingsport Power Company, Southwestern Electric Power Company, AEP Texas Central Company, AEP Texas North Company or Wheeling Power Company issued pursuant to this authority.
4
 
The amount and terms of any pollution control refinancing issued pursuant to this order.
5
 
If a guarantee is issued during the quarter pursuant to this authority, the name of the guarantor, the name of the beneficiary of the guarantee and the amount of the guarantee.
6
 
The amount and terms of any short-term debt issued by AEP, AEP Utilities, Inc., AEP Utility Funding LLC or AEP Nonutility Funding LLC or any of the Public Utility Subsidiaries during the quarter.
7
 
The notional amount and principal terms of any hedge instruments or anticipatory hedges entered into during the quarter and the identity of the other parties thereto.
8
 
 
Identification of any investments in any new Electric Wholesale Generating Companies (EWGs) or Foreign Utility Companies (FUCOs) counting against the $150 million limit for such investments.
9
 
The name, parent company and the amount invested in any financing entity during the quarter.
10
 
A table showing at the end of each quarter a capitalization chart for AEP and each of the public utility subsidiaries.
11
 
 
With respect to each participant in the Utility Money Pool and each participant in the Nonutility Money Pool, the maximum borrowings from and loans to the respective Money Pool during the quarter and the interest rate applied to borrowings and loans.
12
 
 
Upon the formation of any financing subsidiary to fund any Money Pool, a statement showing the name and date of formation of the financing subsidiary, to be supplied in the next report, as well as the date of implementation or discontinuance of any of the Money Pool funding programs.
13
 
A list of Form U-6B-2 statements filed with the Securities and Exchange Commission, including the name of the filing entity and the date of the filing.
14
 
The date, amount and payee of dividends out of capital or unearned surplus paid by any nonutility subsidiary during the quarter.
15
 
 
If any subsidiaries are Variable Interest Entities (VIEs) as that term is used in FASB Interpretation 46R, Consolidation of Variable Interest Entities, provide a description of any financing transactions conducted during the reporting period that were used to fund such VIEs.
16
 
If any financing proceeds are used for VIEs, a description of the accounting for such transaction under FASB Interpretation 46R.
17
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that engaged in jurisdictional financing transactions during the quarter.
18
 
 
A retained earnings analysis of AEP on a consolidated basis and of each utility subsidiary detailing gross earnings, goodwill amortization, dividends paid out of each capital account and the resulting capital account balances at the end of each quarter.
19
 
Signature page.
 
 

 
Item 1
 
 
The sales of any Common Stock by AEP and the purchase price per share of stock issued and sold pursuant to the authority.
 
 
 
None
 
 

Item 2
 
 
Amount and terms of any Long-term Debt, Preferred Stock, Preferred Securities, equity-linked securities directly or indirectly issued by AEP.
 
 
 
$345,000,000 4.709% Senior Unsecured Note Payable, Due 2007
 
 
 

Item 3
 
 
The amount and terms of any Long-term Debt issued by Kingsport Power Company, Southwestern Electric Power Company, AEP Texas Central Company, AEP Texas North Company or Wheeling Power Company issued pursuant to this authority.
 
 
Company
   
Type of Security Sold
   
Terms of Security
 
Total Proceeds
 
             
 
 
Kingsport Power Company
  Borrowing Limit - $50 million
   
None
         $
-
AEP Texas Central Company
  Borrowing Limit - $600 million
   
None
         
 -
AEP Texas North Company
  Borrowing Limit - $250 million
   
None
         
-
Southwestern Electric Power Company
  Borrowing Limit - $600 million
   
Senior Unsecured Note Payable
     4.9%, Due 2015    
150,000,000
Wheeling Power Company
  Borrowing Limit - $50 million
   
None
         
 -

 

Item 4
 
 
The amount and terms of any pollution control refinancing issued pursuant to this order.
 
TCC: $60,000,000 Due 2028, Variable Interest Rate.
 
TCC: $60,265,000 Due 2028, Variable Interest Rate.
 
 

 
Item 5
 
 
If a guarantee is issued during the quarter pursuant to this authority, the name of the guarantor, the name of the beneficiary of the guarantee and the amount of the guarantee.
 

Guarantor
 
Subsidiary
 
Amount of Guarantee
(in thousands)
None
 
None
 
$
-
 

 
Item 6
 
 
The amount and terms of any short-term debt issued by AEP, AEP Utilities, Inc., AEP Utility Funding LLC or AEP Nonutility Funding LLC or any of the public utility subsidiaries during the quarter.
 
 
Short-term Borrowings for the Quarter Ended June 30, 2005
(in thousands)
 

Borrower: American Electric Power Company, Inc.

Source
 
Outside Borrowings
During Period
 
Repayments During
Period
 
Amount Outstanding
at End of Period
 
Weighted Average
Interest Rate During Period
Commercial Paper
   $
-
 
$
-
 
$
-
       
-
%
Bank Credit Facility
   
-
   
-
   
-
       
-
%
                       
Total External Short-term Borrowings
 
$
-
 
$
-
 
$
-
       
-
%
 
 

 
Item 7
 
 
The notional amount and principal terms of any hedge instruments or anticipatory hedges entered into during the quarter and the identity of the other parties thereto.
 
 
 

AEP Legal Entity
 
 Date Entered
 
 Settlement Date
 
 Maturity Date
 
 Counter Party
 
 Debt Amount
(in millions)
 
 Rate Given to Counterparty
 
 Rate Received by AEP
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
American Electric Power Company, Inc.   4/1/2005     5/12/2005     5/15/2007    
Barclays Bank
  $ 75    
Market-Based T-Lock
  3.87 %
Southwestern Electric Power Company   4/15/2005     7/20/2005     7/20/2015    
UBS
    25    
Market-Based (Forward Starting Swaps)
  4.84 %
Ohio Power Company   4/19/2005     10/17/2005     10/17/2008    
ABN-AMRO
    50    
Market-Based (Forward Starting Swaps)
  4.26 %
Ohio Power Company   5/16/2005     10/17/2005     10/17/2008    
RBS
    50    
Market-Based (Forward Starting Swaps)
  4.26 %
Ohio Power Company   5/18/2005     10/17/2005     10/17/2008    
Barclays Bank
    50    
Market-Based (Forward Starting Swaps)
  4.17 %
Indiana Michigan Power Company   5/25/2005     11/15/2005     11/15/2015    
CSFB
    25    
Market-Based (Forward Starting Swaps)
  4.49 %
Appalachian Power Company   6/1/2005     9/30/2005     9/30/2015    
Barclays Bank
    50    
Market-Based (Forward Starting Swaps)
  4.36 %
Appalachian Power Company   6/22/2005     9/30/2005     9/30/2015    
CSFB 
    25    
Market-Based (Forward Starting Swaps) 
    4.41 %
 
 
 
 
 
 
 

Item 8
 
 
Identification of any investments in any new Electric Wholesale Generating Companies (EWGs) or Foreign Utility Companies (FUCOs) counting against the $150 million limit for such investments.
 
 
None
 
 
 
 
 
 

 
 
Item 9
 
 
The name, parent company and the amount invested in any financing entity during the quarter.
 
 
None
 

 
 
Item 10
 
 
A table showing at the end of each quarter a capitalization chart for AEP and each of the public utility subsidiaries.
 

CAPITALIZATION STRUCTURE
 (as of June 30, 2005)
 ($s in thousands)
                     
                     
   
Common Equity
 
Preferred Stock (a)
 
Long-term Debt 
 
Short-term Debt (b)
 
Total Capitalization
Company
 
Amount
 
%
 
Amount
 
%
 
Amount
 
%
 
Amount
 
%
 
Amount
 
%
American Electric Power Company, Inc.
 
$8,382,000
 
41.1%
 
$61,000
 
0.3%
 
$11,916,000
 
58.5%
 
$14,000
 
0.1%
 
$20,373,000
 
100.0%
AEP Generating Company
 
51,381
 
42.5%
 
-
 
0.0%
 
44,824
 
37.1%
 
24,621
 
20.4%
 
120,826
 
100.0%
AEP Texas Central Company
 
1,147,013
 
36.0%
 
5,940
 
0.2%
 
1,910,010
 
60.0%
 
120,064
 
3.8%
 
3,183,027
 
100.0%
AEP Texas North Company
 
316,702
 
50.0%
 
2,357
 
0.4%
 
314,406
 
49.6%
 
-
 
0.0%
 
633,465
 
100.0%
Appalachian Power Company
 
1,567,466
 
42.7%
 
17,784
 
0.5%
 
1,905,490
 
52.0%
 
176,692
 
4.8%
 
3,667,432
 
100.0%
Columbus Southern Power Company
 
919,484
 
48.2%
 
-
 
0.0%
 
987,757
 
51.8%
 
-
 
0.0%
 
1,907,241
 
100.0%
Indiana Michigan Power Company
 
1,122,298
 
43.4%
 
8,084
 
0.3%
 
1,315,927
 
50.8%
 
143,126
 
5.5%
 
2,589,435
 
100.0%
Kentucky Power Company
 
331,355
 
40.5%
 
-
 
0.0%
 
487,716
 
59.5%
 
-
 
0.0%
 
819,071
 
100.0%
Kingsport Power Company
 
23,652
 
48.0%
 
-
 
0.0%
 
20,000
 
40.6%
 
5,639
 
11.4%
 
49,291
 
100.0%
Ohio Power Company
 
1,626,315
 
44.2%
 
16,641
 
0.5%
 
2,005,627
 
54.6%
 
25,880
 
0.7%
 
3,674,463
 
100.0%
Public Service Company of Oklahoma
 
529,742
 
47.9%
 
5,262
 
0.5%
 
571,041
 
51.6%
 
-
 
0.0%
 
1,106,045
 
100.0%
Southwestern Electric Power Company
 
769,800
 
44.6%
 
4,700
 
0.3%
 
950,500
 
55.1%
 
-
 
0.0%
 
1,725,000
 
100.0%
Wheeling Power Company
 
34,697
 
58.0%
 
-
 
0.0%
 
25,000
 
41.8%
 
133
 
0.2%
 
59,830
 
100.0%
 
(a)
Preferred stock includes Cumulative Preferred Stock of Subsidiaries Subject to Mandatory Redemption and Cumulative Preferred Stock Not Subject to Mandatory Redemption.
   
 (b)
Short-term Debt includes both Short-term Debt and Advances from Affiliates. 
 
 
 

 
Item 11
 
 
With respect to each participant in the Utility Money Pool and each participant in the Nonutility Money Pool, the maximum borrowings from and loans to the respective Money Pool during the quarter and the interest rate applied to borrowings and loans.
 
 
Nonutility Money Pool Internal Maximum Short-term Borrowings and Loans
 
for the Quarter Ended June 30, 2005
 
(in thousands)
 
   
   
Maximum Borrowings
from Nonutility
Money Pool
 
Maximum
Loans
to Nonutility
Money Pool
 
AEP Acquisition LLC
 
$
3,902
 
$
-
 
AEP C&I Company LLC
   
112
   
-
 
AEP Coal, Inc.
   
-
   
27,501
 
AEP Coal Marketing, LLC
   
-
   
25,879
 
AEP Communications, Inc.
   
-
   
5,047
 
AEP Communications LLC
   
5,591
   
-
 
AEP Delaware Investment Company
   
-
   
-
 
AEP Delaware Investment Company II
   
-
   
-
 
AEP Desert Sky GP, LLC
   
-
   
-
 
AEP Desert Sky LP, LLC
   
20,005
   
-
 
AEP Elmwood LLC
   
1,014
   
216
 
AEP EmTech LLC
   
12,651
   
-
 
AEP Energy Services, Inc.
   
81,006
   
4,679
 
AEP Energy Services Ltd.
   
966
   
-
 
AEP Energy Services Investments, Inc.
   
-
   
-
 
AEP Energy Services Gas Holding Company
   
-
   
292,313
 
AEP Energy Services UK Generation Ltd.
   
-
   
-
 
AEP Fiber Venture LLC
   
-
   
23,849
 
AEP Gas Marketing LP
   
23
   
-
 
AEP Gas Power GP, LLC
   
-
   
2,120
 
AEP Holdings I CV
   
-
   
-
 
AEP Holdings II CV
   
-
   
-
 
AEP Investments, Inc.
   
58,799
   
-
 
AEP MEMCo LLC     104,223      -  
AEP Ohio Retail Energy LLC      -      -  
AEP Power Marketing, Inc.      -     -  
AEP ProServ, Inc.      -     15,093  
AEP Resources, Inc.     291,018     -  
AEP T&D Services LLC     -     427  
AEP Texas C&I Retail GP, LLC     128      -  
AEP Texas C&I Retail LP     -      7,952  
AEP Texas POLR LLC     1,298      -  
C3 Communications, Inc.     -     4,265  
C3 Networks GP, LLC     -      -  
C3 Networks LP     -      -  
C3 Networks & Communications LP         -      -  
CSW Development I, Inc.     -      -  
CSW Energy, Inc.     -     25,781  
CSW Energy Services, Inc.     -     1,906  
CSW International, Inc.     -      9,881  
CSW Power Marketing, Inc.     -      -  
CSWE/Fort Lupton, Inc.     -      -  
Houston Pipeline Company LP     52      31  
HPL Holdings, Inc.     -      -  
Jefferson Island Storage & Hub LLC     -     -  
LIG Pipeline Company     -      -  
Mutual Energy SWEPCo LP     5,635      -  
Mutual Energy LLC      -     2,809  
Newgulf Power Venture, Inc.      10      -  
NGLE Pushan Power LDC     -      -  
NGLE International Ltd.      -      -  
NGLE Project Management Company Ltd.      -      -  
POLR Power LP      10,143      -  
REP General Partner LLC     -     1,867  
REP Holdco, Inc.      -     151,832  
United Sciences Testing, Inc.     757     -  
Ventures Leasing Company LLC     -      12,940  

 
Weighted Average Interest Rate for Amounts Borrowed and/or Invested by the Nonutility Pool
 for the Quarter Ended June 30, 2005
       
 
Interest
Rate
 
Days
Borrowed/
Invested
Weighted average interest rate for borrowed funds
3.25
%
 
52
Weighted average interest rate for invested funds
3.02
%
 
39
 
 
 
 

Item 11 (CONTINUED)
 
 
With respect to each participant in the Utility Money Pool and each participant in the Nonutility Money Pool, the maximum borrowings from and loans to the respective Money Pool during the quarter and the interest rate applied to borrowings and loans.
 
 


Utility Money Pool Internal Maximum Short-term Borrowings and Loans
 
for the Quarter Ended June 30, 2005
 
(in thousands)
 
 
 
   
Maximum Borrowings
from Utility
Money Pool
 
Maximum
Loans
to Utility
Money Pool
 
AEP Generating Company
 
$
42,740
 
$
9,305
 
AEP Service Corporation
   
87,324
   
239,785
 
AEP Texas Central Company
   
320,508
   
-
 
AEP Texas North Company
   
-
   
68,873
 
Appalachian Power Company
   
213,862
   
296,586
 
Blackhawk Coal Company
   
-
   
21,645
 
Cedar Coal Company
   
-
   
16,293
 
Central Appalachian Coal Company
   
-
   
1,942
 
Central Coal Company
   
-
   
560
 
Colomet Inc.
   
-
   
3,572
 
Columbus Southern Power Company
   
-
   
89,030
 
Conesville Coal Preparation Company
   
-
   
3,525
 
Dolet Hills Lignite Company LLC     -     7,762  
Franklin Real Estate Company
   
241
   
24
 
Indiana Franklin Realty
   
54
   
2
 
Indiana Michigan Power Company
   
223,898
   
-
 
Kentucky Power Company
   
3,386
   
24,073
 
Kingsport Power Company
   
7,226
   
-
 
Ohio Power Company
   
44,192
   
99,107
 
Public Service Company of Oklahoma
   
53,320
   
55,602
 
Simco Inc.
   
-
   
512
 
Southern Appalachian Coal Company
   
-
   
9,930
 
Southwestern Electric Power Company
   
3,209
   
186,657
 
Wheeling Power Company
   
3,411
   
5,542
 

 

Weighted Average Interest Rate for Amounts Borrowed and/or Invested by the Utility Money Pool
 for the Quarter Ended June 30, 2005
 
       
 
Interest
Rate
 
Days
Borrowed/
Invested
Weighted average interest rate for borrowed funds
3.14
%
 
82
Weighted average interest rate for invested funds
2.83
%
 
9
 
 
 

 
Item 12
 
Upon the formation of any financing subsidiary to fund any Money Pool, a statement showing the name and date of formation of the financing subsidiary, to be supplied in the next report, as well as the date of implementation or discontinuance of any of the Money Pool funding programs.
 
 
None
 

Item 13
 
A list of Form U-6B-2 statements filed with the Securities and Exchange Commission, including the name of the filing entity and the date of the filing.
 

Filing
 
Company
 
Filing Date
U-6B-2
 
American Electric Power Company, Inc.
 
April 8, 2005
 U-6B-2
 
Appalachian Power Company
 
June 10, 2005
 
 
 

Item 14
 
The date, amount and payee of dividends out of capital or unearned surplus paid by any nonutility subsidiary during the quarter.
 
 
 Dividend Paid by  
Date Paid
 
Amount
 
Dividends Paid to
 
CSW Energy, Inc.
 
5/3/2005
 
$
22,000,000
 
AEP Utilities, Inc.
 
AEP Resources Australia Pty Limited
 
5/23/2005
   
115,599
 
AEP Resources, Inc.
 
 
 
 
 
 
 

Item 15
 
 
If any subsidiaries are Variable Interest Entities (VIEs) as that term is used in FASB Interpretation 46R, Consolidation of Variable Interest Entities, provide a description of any financing transactions conducted during the reporting period that were used to fund such VIEs.
 
 
None.
 
 

Item 16
 
 
If any financing proceeds are used for VIEs, a description of the accounting for such transaction under FASB Interpretation 46R.
 
 
None.
 
 

Item 17
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
 
See the following Balance Sheets previously filed with the SEC as part of AEP's Combined Form 10Q for the quarter ended June 30, 2005:

 
 
American Electric Power Company, Inc.
AEP Generating Company
AEP Texas Central Company
AEP Texas North Company
Appalachian Power Company
Columbus Southern Power Company
Indiana Michigan Power Company
Kentucky Power Company
Ohio Power Company
Public Service Company of Oklahoma
Southwestern Electric Power Company
 
 

 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
 
Shown below are the Balance Sheets for Kingsport Power Company and Wheeling Power Company which do not file Form 10Q with the SEC:
 

 
KINGSPORT POWER COMPANY
 
BALANCE SHEET
 
ASSETS
 
AS OF JUNE 30, 2005
 
(in thousands)
 
(Unaudited)
 
 
 
 
 
2005
 
ELECTRIC UTILITY PLANT
     
    Transmission
 
$
16,535
 
    Distribution
   
84,332
 
    General
   
4,392
 
    Construction Work in Progress
   
1,321
 
    TOTAL
   
106,580
 
    Accumulated Depreciation and Amortization
   
41,958
 
    TOTAL - NET
   
64,622
 
         
OTHER PROPERTY AND INVESTMENTS
       
         
    Non-Utility Property, Net
   
97
 
    TOTAL
   
97
 
         
CURRENT ASSETS
       
         
    Cash and Cash Equivalents
   
49
 
    Accounts Receivable:
     
       Customers
   
1,810
 
       Affiliated Companies
   
972
 
       Accrued Unbilled Revenues
   
1,234
 
      Miscellaneous     12  
    Materials and Supplies
   
155
 
    Prepayments
   
253
 
    Other
   
159
 
    TOTAL
   
4,644
 
         
DEFERRED DEBITS AND OTHER ASSETS
       
         
    Regulatory Assets:
     
       SFAS 109 Regulatory Asset, Net
   
5,051
 
       Other
   
173
 
    Deferred Charges
   
215
 
   Deferred Property Taxes     566  
    TOTAL
   
6,005
 
    TOTAL ASSETS 
 
$
75,368
 
 
 
 

Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 

KINGSPORT POWER COMPANY
 
BALANCE SHEET
 
CAPITALIZATION AND LIABILITIES
 
AS OF JUNE 30, 2005
 
(in thousands)
 
(Unaudited)
 
 
 
 
 
2005
 
CAPITALIZATION
     
    Common Shareholder's Equity:
 
 
 
 
      Common Stock - No Par Value:        
        Authorized - 500,000 Shares        
        Outstanding - 410,000 Shares   4,100  
    Paid-in Capital
   
13,800
 
    Accumulated Other Comprehensive Income (Loss)
   
(2,204
) 
    Retained Earnings     7,956  
    Total Common Shareholder's Equity     23,652  
    Long-term Debt-Affiliated
   
20,000
 
    TOTAL
   
43,652
 
         
         
CURRENT LIABILITIES
       
    Advances from Affiliates     5,639  
    Accounts Payable:
   
 
 
       General
   
265
 
       Affiliated Companies
   
6,394
 
    Customer Deposits
   
1,972
 
    Taxes Accrued
   
1,736
 
    Interest Accrued     531  
    Obligations Under Capital Leases     153  
    Other
   
876
 
    TOTAL
   
17,566
 
         
DEFERRED CREDITS AND OTHER LIABILITIES
       
    Deferred Income Taxes     11,468  
    Regulatory Liabilities:
   
 
 
       Deferred Investment Tax Credits
   
487
 
       Asset Removal Costs     514  
    Deferred Credits
   
117
 
    Obligations Under Capital Leases
   
203
 
    Other     1,361  
    TOTAL     14,150  
    TOTAL CAPITALIZATION AND LIABILITIES 
 
$
75,368
 
 

 

 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
WHEELING POWER COMPANY
 
BALANCE SHEET
 
ASSETS
 
AS OF JUNE 30, 2005
 
(in thousands)
 
(Unaudited)
 
 
 
 
 
 2005
 
ELECTRIC UTILITY PLANT
     
    Transmission
 
$
24,146
 
    Distribution
   
85,059
 
    General
   
6,960
 
    Construction Work in Progress
   
4,047
 
    TOTAL
   
120,212
 
    Accumulated Depreciation and Amortization
   
50,512
 
    TOTAL - NET
   
69,700
 
         
OTHER PROPERTY AND INVESTMENTS
       
         
    Non-Utility Property, Net
   
17
 
    Other
   
28
 
    TOTAL
   
45
 
         
CURRENT ASSETS
       
         
    Cash and Cash Equivalents
   
82
 
    Other Cash Deposits     5  
    Accounts Receivable:
   
 
       Customers
   
6,504
 
       Affiliated Companies
   
382
 
       Accrued Unbilled Revenues
   
5,020
 
       Miscellaneous     7  
       Allowance for Uncollectible Accounts      (85
    Materials and Supplies
   
127
 
    Prepayments
   
378
 
   Other     162  
    TOTAL
   
12,582
 
         
DEFERRED DEBITS AND OTHER ASSETS
       
         
    Regulatory Assets:
   
 
       SFAS 109 Regulatory Asset, Net
   
9,988
 
       SFAS 112 Postemployment Benefits     490  
    Deferred Property Taxes
   
1,014
 
    Deferred Charges
   
54
 
    TOTAL
   
11,546
 
         
    TOTAL ASSETS 
 
$
93,873
 
 
 

 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
 

WHEELING POWER COMPANY
 
BALANCE SHEET
 
CAPITALIZATION AND LIABILITIES
 
AS OF JUNE 30, 2005
 
(in thousands)
 
(Unaudited)
 
 
 
 
 
2005
 
CAPITALIZATION
     
    Common Shareholder's Equity:
 
 
 
 
      Common Stock - No Par Value:        
        Authorized and Outstanding - 150,000 Shares    2,428  
    Paid-in Capital
   
15,596
 
    Accumulated Other Comprehensive Income (Loss)
   
(3,156
    Retained Earnings     19,829  
    Total Common Shareholder's Equity     34,697  
    Long-term Debt-Affiliated
   
25,000
 
    TOTAL
   
59,697
 
         
         
CURRENT LIABILITIES
       
         
   Advances from Affiliates    
133
 
    Accounts Payable:
   
 
 
       General
   
165
 
       Affiliated Companies
   
6,314
 
    Customer Deposits
   
977
 
    Taxes Accrued
   
3,880
 
    Interest Accrued     76  
    Obligations Under Capital Leases     145  
    Other
   
1,360
 
    TOTAL
   
13,050
 
         
DEFERRED CREDITS AND OTHER LIABILITIES
       
         
    Deferred Income Taxes      15,520  
    Regulatory Liabilities:
   
 
 
       Deferred Investment Tax Credits     286  
    Deferred Credits
   
421
 
    Obligations Under Capital Leases
   
307
 
    Employee Benefits and Pension Obligations     4,592  
    TOTAL     21,126  
    TOTAL CAPITALIZATION AND LIABILITIES 
 
$
93,873
 
 
 

Item 18 
 
 
A Retained Earnings analysis of AEP on a consolidated basis and of each utility subsidiary detailing gross earnings, goodwill amortization, dividends paid out of each capital account and the resulting capital account balances as of the end of the quarter.
 
 
See the following Statements of Common Shareholder's Equity and Comprehensive Income (Loss) previously filed as part of AEP's Combined Form 10Q for the quarter ended June 30, 2005:
 
 
American Electric Power Company, Inc.
AEP Generating Company
AEP Texas Central Company
AEP Texas North Company
Appalachian Power Company
Columbus Southern Power Company
Indiana Michigan Power Company
Kentucky Power Company
Ohio Power Company
Public Service Company of Oklahoma
Southwestern Electric Power Company
 
 
Shown below are the Statements of Retained Earnings for Kingsport Power Company and Wheeling Power Company which do not file Form 10Q with the SEC:
 

KINGSPORT POWER COMPANY
STATEMENT OF RETAINED EARNINGS
AS OF JUNE 30, 2005
(in thousands)
(Unaudited)
 
Retained Earnings - December 31, 2004
 $
9,662
 
Net Income
 
1,794
 
Goodwill Amortization
 
-
 
Common Stock Dividends
 
(3,500
Preferred Stock Dividends
 
-
 
Capital Stock Expense
 
-
 
Retained Earnings - June 30, 2005
 $
7,956
 
 
WHEELING POWER COMPANY
STATEMENT OF RETAINED EARNINGS
AS OF JUNE 30, 2005
(in thousands)
(Unaudited)
 
Retained Earnings - December 31, 2004
 $
21,275
 
Net Income
 
2,804
 
Goodwill Amortization
 
-
 
Common Stock Dividends
 
(4,250
Preferred Stock Dividends
 
-
 
Capital Stock Expense
 
-
 
Retained Earnings - June 30, 2005
 $
19,829
 
 
 
 

Item 19
 
 
Said transactions have been carried out in accordance with the terms and conditions of, and for the purpose represented in, the Form U-1 Application-Declaration, as amended, of AEP, et al, in File No. 70-10166 and in accordance with the terms and conditions of the Commission’s order dated July 1, 2004, permitting said Application-Declaration to become effective.
 
 
 
 
SIGNATURE
 
 
As required by order of this Commission pursuant to the Public Utility Holding Company Act of 1935, American Electric Power Company, Inc. for itself and its subsidiaries have duly caused this report to be signed on its behalf on this 29th day of August, 2005.
 
 

 
 
/s/ Rebecca J. Buonavolonte

Rebecca J. Buonavolonte
Managing Director - Financial Reporting
American Electric Power Service Corporation
 
 
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