-----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, WXmcGDvqjf1mdTjiXxusCup/MIzAqDBBDpqr2qAJaMkya4Rnqfzl/BT1PsNsRq+V GrYLLqAQZC2IUqfnS1Gv2w== 0000004904-96-000045.txt : 19960430 0000004904-96-000045.hdr.sgml : 19960430 ACCESSION NUMBER: 0000004904-96-000045 CONFORMED SUBMISSION TYPE: U5S PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 19951231 FILED AS OF DATE: 19960429 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN ELECTRIC POWER COMPANY 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: U5S SEC ACT: 1935 Act SEC FILE NUMBER: 001-03525 FILM NUMBER: 96552344 BUSINESS ADDRESS: STREET 1: 1 RIVERSIDE PLZ CITY: COLUMBUS STATE: OH ZIP: 43215 BUSINESS PHONE: 6142231000 FORMER COMPANY: FORMER CONFORMED NAME: KINGSPORT UTILITIES INC DATE OF NAME CHANGE: 19660906 U5S 1 ANNUAL REPORT ON FORM U5S SECURITIES AND EXCHANGE COMMISSION Washington, D.C. FORM U5S ANNUAL REPORT For the year ended December 31, 1995 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, 1995 TABLE OF CONTENTS Page ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1995. . . . . . . . . . . . . . . . . . . . . . 1-2 ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS. . . . . . . . . . . 3 ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES . . . . . . . . . . . . . . . . . . . . . . . . . 3 ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES . 4-5 ITEM 5. INVESTMENTS IN SECURITIES OF NON-SYSTEM COMPANIES. . . . . . 6 ITEM 6. OFFICERS AND DIRECTORS Part I. Names, principal business address and positions held as of December 31, 1995 . . . . . . . . . . 7-15 Part II. Banking connections. . . . . . . . . . . . . . . 16 Part III. Compensation and other related information . . . 17-26 ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS . . . . . . . . . . . . . 27 ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS Part I. Contracts for services or goods between system companies. . . . . . . . . . . . . . . . . . . . 28 Part II. Contracts to purchase services or goods between any system company and any affiliate . . . . . . 28 Part III. Employment of any person by any system company for the performance on a continuing basis of management services. . . . . . . . . . . . . . . 28 ITEM 9. WHOLESALE GENERATORS AND FOREIGN UTILITY COMPANIES . . . . . 29 ITEM 10 FINANCIAL STATEMENTS AND EXHIBITS (Index). . . . . . . . . . 30 SIGNATURE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN AS OF DECEMBER 31, 1995.
Issuer Owner's Number of Common Percent of Book Book Name of Company Shares Owned Voting Power Value (E) Value (E) (1) (2) (3) (4) (5) (in thousands) American Electric Power Company, Inc. (AEP) None None None None AEP Energy Services, Inc. (AEPENS) 110 Shares 100 $ 326 $ 326 AEP Generating Company (AEGCo) 1,000 Shares 100 50,690 50,690 AEP Investments, Inc. (AEPINV) 100 Shares 100 5,683 5,683 AEP Resources, Inc. (AEPRES) 100 Shares 100 163 163 AEP Resources International, Ltd. (AEPRI) 1 Share 100 18 18 American Electric Power Service Corporation (AEPSC) 13,500 Shares 100 2,450 2,450 Appalachian Power Company* (APCo) 13,499,500 Shares 96.1(A) 984,530 1,005,569 Cedar Coal Co. (CeCCo) 2,000 Shares 100 2,655 2,655 Central Appalachian Coal Company** (CACCo) 3,000 Shares 100 63 63 Central Coal Company** (CCCo) 1,500 Shares 50 (B) 604 604 Central Operating Company (COpCo) 1,500 Shares 50 (B) 89 89 Southern Appalachian Coal Company** (SACCo) 6,950 Shares 100 8,817 8,817 West Virginia Power Company** (WVPCo) 100 Shares 100 228 218 Total Appalachian Power Company 12,456 12,446 Columbus Southern Power Company (CSPCo)* 16,410,426 Shares 100 689,773 689,773 Colomet, Inc.** (COLM) 1,500 Shares 100 2,760 2,760 Conesville Coal Preparation Company (CCPC) 100 Shares 100 1,180 1,180 Simco Inc.** (SIMCo) 90,000 Shares 100 510 510 Ohio Valley Electric Corporation (OVEC) 4,300 Shares 4.3 499 430 Total Columbus Southern Power Company 4,949 4,880 Franklin Real Estate Company (FRECo) 100 Shares 100 30 28 Indiana Franklin Realty, Inc. (IFRI) 10 Shares 100 1 1 Indiana Michigan Power Company* (I&M) 1,400,000 Shares 100 1,022,793 1,029,980 Blackhawk Coal Company** (BHCCo) 39,521 Shares 100 88,123 88,123 Price River Coal Company** (PRCCo) 1,091 Shares 100 27 27 Total Indiana Michigan Power Company 88,150 88,150 Integrated Communications Systems, Inc.*** (ICS) 80,000 Shares 20.5 (215) - Kentucky Power Company (KEPCo) 1,009,000 Shares 100 220,581 223,367 Kingsport Power Company (KGPCo) 410,000 Shares 100 18,968 19,624
ITEM 1. (CONTINUED)
Issuer Owner's Number of Common Percent of Book Book Name of Company Shares Owned Voting Power Value (E) Value (E) (1) (2) (3) (4) (5) (in thousands) Ohio Power Company* (OPCo) 27,952,473 Shares 97 $1,298,704 $1,303,117 Cardinal Operating Company (CdOCo) 250 Shares 50 (C) 155 155 Central Coal Company** (CCCo) 1,500 Shares 50 (B) 604 604 Central Ohio Coal Company (COCCo) 69,000 Shares 100 21,469 21,469 Central Operating Company (COpCo) 1,500 Shares 50 (B) 89 89 Southern Ohio Coal Company (SOCCo) 5,000 Shares 100 135,893 135,893 Windsor Coal Company (WCCo) 4,064 Shares 100 11,346 11,519 Total Ohio Power Company 169,556 169,729 Ohio Valley Electric Corporation* (OVEC) 39,900 Shares 39.9 4,631 4,082 Indiana-Kentucky Electric Corporation (IKEC) 17,000 Shares 100 (D) 3,400 3,400 Wheeling Power Company (WPCo) 150,000 Shares 100 21,593 22,575 Equity in Subsidiaries - Unallocated 15,384 15,384 Total American Electric Power Company, Inc. 4,336,084 4,372,811 Total All Companies $4,614,614 $4,651,435 (A) Kanawha Valley Power Company (KVPCo) merged with APCo effective 6/30/95 at which time KVPCo stock was canceled. (B) Owned 50% by Appalachian Power Company and 50% by Ohio Power Company. (C) Ohio Power Company owns 50% of the stock; the other 50% is owned by a corporation not affiliated with American Electric Power Company, Inc. (D) This Company is a wholly-owned subsidiary of Ohio Valley Electric Corporation, 44.2% of whose voting securities are owned by the American Electric Power System, the balance by unaffiliated companies. (E) Includes unsecured debt as follows: for AEPSC - $1,100,000, BHCCo - $34,000,000, CdOCo - $155,000, COCCo - $1,500,000, and WCCo - $225,000. *Exempt under Section 3(A) pursuant to Rule 2 thereof. **Inactive. ***Exempt under Securities and Exchange Commission Release No. 35-24295.
All of the active subsidiaries of AEP are involved in the electric utility business with the exceptions of AEPENS, AEPINV, AEPRES, AEPRI and ICS. AEPENS offers consulting services to unaffiliated entities in AEP and its subsidiaries' areas of expertise. AEPINV and ICS are involved in the development of demand side management technologies. AEPRES and AEPRI are pursuing opportunities in non-regulated electric activities. ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS None, except as reported in certificates filed pursuant to Rule 24. ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
Name of Issuer and Authorization Description of Issues Date and Form of Transactions Consideration or Exemption (1) (2) (3) (4) (in thousands) Appalachian Power Company: First Mortgage Bonds: 8.00% Series Due 2005 3/15/95 - Public Offering $49,564 Rule 52 8.00% Series Due 2025 5/22/95 - Public Offering 49,490 Rule 52 6.89% Series Due 2005 6/22/95 - Public Offering 29,731 Rule 52 Columbus Southern Power Company: Junior Subordinated Deferrable Interest Debentures 8-3/8% Series A Due 2025 9/27/95 - Public Offering 72,526 Rule 52 Kingsport Power Company: Notes Payable - 6.73% Due 2000 11/1/95 - Private Sale to Bank 5,000 Rule 52 Ohio Power Company: Junior Subordinated Deferrable Interest Debentures 8.16% Series A Due 2025 10/19/95 - Public Offering 82,176 Rule 52 Wheeling Power Company: Notes Payable - 6.73% Due 2000 11/1/95 - Private Sale to Bank 11,000 Rule 52
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES
Name of Company Extinguished (EXT) Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization Title of Issue Retiring Securities Consideration Further Disposition or Exemption (1) (2) (3) (4) (5) (in thousands) American Electric Power Service Corp: Mortgage Notes 9% Series D Due 1999 AEPSC $ 2,500 EXT Rule 42 9.60% Series E Due 2008 AEPSC 2,500 EXT Rule 42 Appalachian Power Company: Cumulative Preferred Stock, No Par Value 4.50% Series APCo 150 EXT Rule 42 First Mortgage Bonds 9-1/8% Series Due 2019 APCo 47,000 EXT Rule 42 9-7/8% Series Due 2020 APCo 27,950 EXT Rule 42 Columbus Southern Power Company: Cumulative Preferred Stock, $100 Par Value 9.50% Series CSPCo 71,773 EXT Rule 42 First Mortgage Bonds 8.95% Series Due 1995 CSPCo 30,000 EXT Rule 42 Notes Payable 8.79% Due 1995 CSPCo 50,000 EXT Rule 42 Indiana Michigan Power Company: Notes Payable 9.07% Due 1995 I&M 40,000 EXT Rule 42
ITEM 4. (CONTINUED)
Name of Company Extinguished (EXT) Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization Title of Issue Retiring Securities Consideration Further Disposition or Exemption (1) (2) (3) (4) (5) (in thousands) Kingsport Power Company: Notes Payable 9.72% Due 1995 KGPCo $ 2,000 EXT Rule 42 Ohio Power Company: Cumulative Preferred Stock, $100 Par Value 7.60% Series OPCo 35,791 EXT Rule 42 7-6/10% Series OPCo 35,739 EXT Rule 42 8.04% Series OPCo 15,387 EXT Rule 42 First Mortgage Bonds 9-7/8% Series Due 2020 OPCo 43,618 EXT Rule 42 Wheeling Power Company: Notes Payable 9.72% Due 1995 WPCo 11,000 EXT Rule 42
ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES AS OF DECEMBER 31, 1995.
1. Aggregate amount of investments in persons operating in the retail service area and not exceeding $100,000 in each person: Aggregate Amount of Investments Number of Name of in Persons (Entities), Operating in Persons Description of Company Retail Service Area of Owner (Entities) Persons (Entities) (1) (2) (3) (4) (in thousands) APCo $168 8 Industrial Development Corporations CSPCo 9 1 Retail Company I&M 9 2 Industrial Companies OPCo 2 7 Industrial Companies WPCo 13 1 Industrial Development Corporation 2. Securities owned not included in 1 above. Name of Nature of Description Number Percent of Owner's Company Name of Issuer Issuer's Business of Securities of Shares Voting Power Book Value (1) (2) (3) (4) (5) (6) (7) (in thousands) AEPINV Intersource Research & Technologies, Inc. Technology Development Common Stock 800,000 9.9 $11,500 Preferred Stock 95,000 AEPINV EnviroTech Investment Research & Fund I Technology Development Limited Partner * 9.9 314 AEPINV PHPK Technologies, Research & Incorporated Technology Development Common Stock 341 4.9 601 APCo VEDCORP, L.C. Economic Development Limited Partner * 4.1 510 I&M CID Partnership, L.P. Economic Development Limited Partner * 2.8 188 I&M Mescalero Fuel Storage L.L.C. Nuclear Waste Membership Interest ** 9.1 380 Storage & Disposal OPCo Simetco, Inc. Primary Metals Common Stock 101,525 3.0 457 * Limited Partnership Interests ** Membership Interest
ITEM 6. OFFICERS AND DIRECTORS OF AMERICAN ELECTRIC POWER SYSTEM Part I. (1&2) As of December 31, 1995: Officers and directors of American Electric Power Company, Inc. are listed on page 8. Officers and directors of Ohio Valley Electric Corporation and Indiana-Kentucky Electric Corporation are listed on page 15. The officers and directors of all other AEP System companies are located in the table on pages 9 through 14. LEGEND OF ABBREVIATIONS CB Chairman of the Board VCB Vice Chairman of the Board D Director CEO Chief Executive Officer P President COO Chief Operating Officer EVP Executive Vice President SVP Senior Vice President VP Vice President C Controller S Secretary T Treasurer Address Codes : (a) 1 Riverside Plaza, Columbus, OH (b) 40 Franklin Road, Roanoke, VA (c) 215 N. Front Street, Columbus, OH (d) One Summit Square, Fort Wayne, IN (e) 1701 Central Avenue, Ashland, KY (f) 301 Cleveland Avenue, S.W., Canton, OH (g) One Memorial Drive, Lancaster, OH AMERICAN ELECTRIC POWER COMPANY, INC. Name Address Position Peter J. DeMaria (a) D,C E. Linn Draper, Jr. (a) D,CB,P,CEO Robert M. Duncan 2640 Floribunda Drive, Columbus, OH D Robert W. Fri 1616 P Street, Washington, DC D Dr. Arthur G. Hansen 815 Sugarbush Ridge, Zionsville, IN D Lester A. Hudson, Jr. P.O. Box 8583, Greenville, SC D G.P. Maloney (a) D,VP,S Armando A. Pena (a) T Angus E. Peyton P.O. Box 226, Charleston, WV D Toy F. Reid 2141 Heatherly Road, Kingsport, TN D Donald G. Smith P.O. Box 13948, Roanoke, VA D Linda Gillespie Stuntz 1201 Pennsylvania Avenue, NW, Washington, DC D Dr. Morris Tanenbaum 74 Falmouth Street, Short Hills, NJ D Ann Haymond Zwinger 1825 Culebra Place, Colorado Springs, CO D
| AEPSC | APCo | CSPCo | I&M | KEPCo | KGPCo | OPCo | WPCo | AEPENS| AEGCo | AEPINV| 1 Anthony J. Ahern | | | | | | | | | | | | 6677 Busch Blvd. | | | | | | | | | | | | Columbus, OH | | | | | | | | | | | | 2 L.V. Assante (a) |C | | | | | | | | | | | 3 Mark A. Bailey (d) |D | | |D,VP | | | | | | | | 4 Bruce M. Barber (a) |D,VP | | | | | | | | | | | 5 Bruce A. Beam | | | | | | | | | | | | 801 Pennsylvania Ave. NW |D,VP | | | | | | | | | | | Washington, D.C. | | | | | | | | | | | | 6 Bruce H. Bennett (a) |VP | | | | | | | | | | | 7 A.A. Blind | | | |VP | | | | | | | | One Cook Place | | | | | | | | | | | | Bridgman, MI | | | | | | | | | | | | 8 Timothy P. Bowman (f) |D | | | | | | | | | | | 9 C.R. Boyle, III (e) |D | | | |D,P,COO | | | | | | | 10 Richard K. Byrne | | | | | | | | | | | | 6677 Busch Blvd. | | | | | | | | | | | | Columbus, OH | | | | | | | | | | | | 11 R.D. Carson, Jr. (b) | |VP | | | | | | | | | | 12 G.A. Clark (d) | | | |D | | | | | | | | 13 Donald M. Clements, Jr.(a) |D,SVP | | | | | | | |D,P | |D,P | 14 D.H. Crabtree (a) |D,VP | | | | | | | | | | | 15 Peter J. DeMaria (a) |D,EVP |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C | 16 John F. DiLorenzo, Jr. (a) |D,VP,S |S |S |S |S |S |S |S |S |S |S | 17 W.N. D'Onofrio (d) |D | | |D,VP | | | | | | | | 18 Dr. E. Linn Draper, Jr. (a)|D,CB,P, |D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB, |D,CB, |D,P, |D,CB, | |CEO | | | | | | |CEO |CEO |CEO |CEO | 19 Charles A. Ebetino, Jr. (g)|D,SVP | | | | | | | | | | | 20 Dr. Carl A. Erikson (c) |D | |D,P,COO | | | |D,P,COO | | | | | 21 Dr. Charles A. Falcone (a) |D,SVP | | | | | | | | | | | 22 Henry W. Fayne (a) |D,SVP |D |D | | |D |D | |D |D | | 23 Luke M. Feck (a) |D,SVP |D | | | | | | | | | | 24 Eugene E. Fitzpatrick (a) |D,SVP | | |VP | | | | | | | | 25 Allen R. Glassburn | | | | | | | | | | | | 422 Broad Street |D | | | | |D,P,COO | | | | | | Kingsport, TN | | | | | | | | | | | | 26 Joel E. Harrison |D | | | | | | | | | | | P.O. Box 157, Rt 82 | | | | | | | | | | | | Cleveland, VA | | | | | | | | | | | | 27 D.E. Heydlauff (a) |D,VP | | | | | | | | | | | 28 Lawrence R. Hoover (f) |D | |VP | | | |VP | | | | | 29 John R. Jones (a) |D,SVP | | | | | | | |D |D | | 30 M.O. Julien (a) |D,VP | | | | | | | | | | |
| AEPRES | AEPRI | BHCCo | CdOCo | CeCCo | CACCo | CCCo | COCCo | COpCo | COLM | CCPC | 1 Anthony J. Ahern | | | |D | | | | | | | | 6677 Busch Blvd. | | | | | | | | | | | | Columbus, OH | | | | | | | | | | | | 2 L.V. Assante (a) | | | | | | | | | | | | 3 Mark A. Bailey (d) | | | | | | | | | | | | 4 Bruce M. Barber (a) | | | | | | | | | | | | 5 Bruce H. Beam | | | | | | | | | | | | 801 Pennsylvania Ave, NW | | | | | | | | | | | | Washington, D.C. | | | | | | | | | | | | 6 Bruce H. Bennett (a) | | | | | | | | | | | | 7 A.A. Blind | | | | | | | | | | | | One Cook Place | | | | | | | | | | | | Bridgman, MI | | | | | | | | | | | | 8 Timothy P. Bowman (f) | | | | | | | | | | | | 9 C.R. Boyle, III (e) | | | | | | | | | | | | 10 Richard K. Byrne | | | | | | | | | | | | 6677 Busch Blvd. | | | |D,VP | | | | | | | | Columbus, OH | | | | | | | | | | | | 11 R.D. Carson, Jr. (b) | | | | | | | | | | | | 12 G.A. Clark (d) | | | | | | | | | | | | 13 Donald M. Clements, Jr. (a)|D,P |D,P | | | | | | | | | | 14 D.H. Crabtree (a) | | | | | | | | | | | | 15 Peter J. DeMaria (a) |D,VP,C |D,VP,C |D,VP,C |T |D,VP,C |D,VP,C |D,VP,C |D,VP,C |VP,C |D,VP,C |D,VP,C | 16 John F. DiLorenzo, Jr. (a) |S |S |S |S |S |S |S |S |S |S |S | 17 W.N. D'Onofrio (d) | | | | | | | | | | | | 18 Dr. E. Linn Draper, Jr. (a)|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,P |D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,P,CEO |D,P,CEO |D,CB,CEO| 19 Charles A. Ebetino, Jr. (g)| | |D,P,COO | |D,P,COO |D,P,COO |D,P,COO |D,P,COO | | |D,P,COO | 20 Dr. Carl A. Erikson (c) | | | |D,VP | | |D,VP |D,VP |D,VP |D,VP |D,VP | 21 Dr. Charles A. Falcone (a) | | | | | | | | | | | | 22 Henry W. Fayne (a) |D |D | | | | | | | | | | 23 Luke M. Feck (a) | | | | | | | |D | | | | 24 Eugene E. Fitzpatrick (a) | | | | | | | | | | | | 25 Allen R. Glassburn | | | | | | | | | | | | 422 Broad Street | | | | | | | | | | | | Kingsport, TN | | | | | | | | | | | | 26 Joel E. Harrison | | | | | | | | | | | | P. O. Box 157, Rt 82 | | | | | | | | | | | | Cleveland, VA | | | | | | | | | | | | 27 D.E. Heydlauff (a) | | | | | | | | | | | | 28 Lawrence R. Hoover (f) | | | | | | | | | | | | 29 John R. Jones (a) |D |D,VP | | | | | | | | | | 30 M.O. Julien (a) | | | | | | | | | | | |
| FRECo | IFRI | PRCCo | SIMCo | SACCo | SOCCo | WVPCo | WCCo | 1 Anthony J. Ahern | | | | | | | | | 6677 Busch Blvd. | | | | | | | | | Columbus, OH | | | | | | | | | 2 L.V. Assante (a) | | | | | | | | | 3 Mark A. Bailey (d) |VP |VP | | | | | | | 4 Bruce M. Barber (a) | | | | | | | | | 5 Bruce A. Beam | | | | | | | | | 801 Pennsylvania Ave, NW | | | | | | | | | Washington, D.C. | | | | | | | | | 6 Bruce H. Bennett (a) | | | | | | | | | 7 A.A. Blind | | | | | | | | | One Cook Place | | | | | | | | | Bridgman, MI | | | | | | | | | 8 Timothy P. Bowman (f) | | | | | | | | | 9 C.R. Boyle, III (e) |VP | | | | | | | | 10 Richard K. Byrne | | | | | | | | | 6677 Busch Blvd. | | | | | | | | | Columbus, OH | | | | | | | | | 11 R.D. Carson, Jr. (b) | | | | | | | | | 12 G.A. Clark (d) | | | | | | | | | 13 Donald M. Clements, Jr. (a)| | | | | | | | | 14 D.H. Crabtree (a) | | | | | | | | | 15 Peter J. DeMaria (a) |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C |D,VP,C | 16 John F. DiLorenzo, Jr. (a) |S |S |S |S |S |S |S |S | 17 W.N. D'Onofrio (d) |VP |VP | | | | | | | 18 Dr. E. Linn Draper, Jr. (a)|D,P,CEO |D,P,CEO |D,CB,CEO|D,CB,CEO|D,CB,CEO|D,CB,CEO|D,P,CEO |D,CB,CEO| 19 Charles A. Ebetino, Jr. (g)| | |D,P,COO |D,P,COO |D,P,COO |D,P,COO | |D,P,COO | 20 Dr. Carl A. Erikson (c) |VP | | |D,VP | |D,VP | |D,VP | 21 Dr. Charles A. Falcone (a) | | | | | | | | | 22 Henry W. Fayne (a) | | | | | | | |D | 23 Luke M. Feck (a) | | | | | | | | | 24 Eugene E. Fitzpatrick (a) | | | | | | | | | 25 Allen R. Glassburn | | | | | | | | | 422 Broad Street |VP | | | | | | | | Kingsport, TN | | | | | | | | | 26 Joel E. Harrison | | | | | | | | | P. O. Box 157, Rt 82 | | | | | | | | | Cleveland, VA | | | | | | | | | 27 D.E. Heydlauff (a) | | | | | | | | | 28 Lawrence R. Hoover (f) |VP | | | | | | | | 29 John R. Jones (a) | | | | | | | | | 30 M.O. Julien (a) | | | | | | | | |
| AEPSC | APCo | CSPCo | I&M | KEPCo | KGPCo | OPCo | WPCo | AEPENS | AEGCo |AEPINV| 31 W. Robert Kelley (a) |VP | | | | | | | | | | | 32 David A. Lang (e) |D | | | | | | | | | | | 33 Dennis A. Lantzy (a) | | | | | | | | |VP | |VP | 34 V.A. Lepore (a) |VP | | | | | | | | | | | 35 William J. Lhota (a) |D,EVP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |D,P,COO |D |D |D,VP | 36 Hugh H. Lucas (g) |D,VP | | | | | | | | | | | 37 R.M. Maliszewski (a) |D,SVP | | | | |D | | | | | | 38 G.P. Maloney (a) |D,EVP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |D,VCB |D,VP |D,VCB | 39 Dr. James J. Markowsky (a) |D,EVP |D,VP |D,VP |D,VP |D,VP |D |D,VP |D |D |D,VP |D | 40 Thomas R. McCaffrey (a) |VP | | | | | | | | | | | 41 J.K. McWilliams (g) |VP | | | | | | | | | | | 42 Richard C. Menge (d) |D | | |D,P,COO | | | | | | | | 43 T.C. Mosher |D | | | | | | | | | | | 113 N. Fifth Street | | | | | | | | | | | | Zanesville, OH | | | | | | | | | | | | 44 David Mustine (a) | | | | | | | | |VP | |VP | 45 P.M. O'Brien (g) |VP | | | | | | | | | | | 46 Armando A. Pena (a) |VP,T |T |T |T |T |T |T |T |T |T |T | 47 Ronald A. Petti (a) |D,SVP | | | |D | | | | | | | 48 A.H. Potter (d) | | | |D | | | | | | | | 49 R.E. Prater (a) |VP | | | | | | | | | | | 50 Bruce A. Renz (a) |D,VP | | | | | | | | | | | 51 H.E. Rhodes, Jr. (b) | |VP | | | | | | | | | | 52 Samuel P. Riggle, Jr. | | | | | | | | | | | | P.O. Box 112 | | | | | | | | | | | | Millersburg, OH | | | | | | | | | | | | 53 Robert L. Roberts | | | | | | | | | | | | P.O. Box 604 | | | | | | | | | | | | Piqua, OH | | | | | | | | | | | | 54 William L. Scott (a) |VP | | | | | | | | | | | 55 Charles A. Simmons (b) | |VP | | | | | | | | | | 56 B.L. Snodgrass |D | | | | | | | | | | | 800 Main Street | | | | | | | | | | | | Lynchburg, VA | | | | | | | | | | | | 57 Lance G. Sogan (g) |D,VP | | | | | | | | | | | 58 Peter Splawnyk (c) |D | |VP | | | |VP | | | | | 59 R. Dane Swinehart | | | | | | | | | | | | P.O. Box 250 | | | | | | | | | | | | Lancaster, OH | | | | | | | | | | | | 60 D.B. Synowiec |D | | |D | | | | | | | | R. R. Number 2, Box 24A | | | | | | | | | | | | Rockport, IN | | | | | | | | | | | | 61 M.H. Thomas |D | | | | | | | | | | | P.O. Box 400 | | | | | | | | | | | | Louisa, KY | | | | | | | | | | | | 62 James F. Tompkins | | | | | | | | | | | | P.O. Box 490 | | | | | | | | | | | | Athens, OH | | | | | | | | | | | | 63 Joseph A. Valentine (a) |D,VP | | | | | | | | | | | 64 Andrew P. Varley (a) |VP | | | | | | | | | | | 65 Joseph H. Vipperman (b) |D |D,P,COO | | | | | | | | | | 66 Dana E. Waldo (b) |D |VP | | | | | | | | | |
| AEPRES | AEPRI | BHCCo | CdOCo | CeCCo | CACCo | CCCo | COCCo | COpCo | COLM | CCPC | 31 W. Robert Kelley (a) | | | | | | | | | | | | 32 David A. Lang (e) | | | | | | | | | | | | 33 Dennis A. Lantzy (a) |VP |VP | | | | | | | | | | 34 V.A. Lepore (a) | | | | | | | | | | | | 35 William J. Lhota (a) |D |D |D |D,VP |D |D |D |D |D |D,VP |D | 36 Hugh H. Lucas (g) | | | | | | | | | | | | 37 R.M. Maliszewski (a) | | | |D | | | | | | | | 38 G.P. Maloney (a) |D,VCB |D,VCB |D,VP | |D,VP |D,VP |D,VP |D,VP |VP |D,VP |D,VP | 39 Dr. James J. Markowsky (a) |D |D |D |D,VP |D |D |D |D |D |D,VP |D | 40 Thomas R. McCaffrey (a) | | | | | | | | | | | | 41 J.K. McWilliams (g) | | | | | | | | | | | | 42 Richard C. Menge (d) | | |D,VP | | | | | | | | | 43 T.C. Mosher | | | | | | | | | | | | 113 N. Fifth Street | | | | | | | | | | | | Zanesville, OH | | | | | | | | | | | | 44 David Mustine (a) |VP |VP | | | | | | | | | | 45 P.M. O'Brien (g) | | | | | | | | | | | | 46 Armando A. Pena (a) |T |VP,T |T | |T |T |T |T |T |T |T | 47 Ronald A. Petti (a) | | | | | | | | | | | | 48 A.H. Potter (d) | | | | | | | | | | | | 49 R.E. Prater (a) | | | | | | | | | | | | 50 Bruce A. Renz (a) | | | | | | | | | | | | 51 H.E. Rhodes, Jr. (b) | | | | | | | | | | | | 52 Samuel P. Riggle, Jr. | | | | | | | | | | | | P.O. Box 112 | | | |D,VP | | | | | | | | Millersburg, OH | | | | | | | | | | | | 53 Robert L. Roberts | | | | | | | | | | | | P.O. Box 604 | | | |D | | | | | | | | Piqua, OH | | | | | | | | | | | | 54 William L. Scott (a) | | | | | | | | | | | | 55 Charles A. Simmons (b) | | | | | | | | | | | | 56 B.L. Snodgrass | | | | | | | | | | | | 800 Main Street | | | | | | | | | | | | Lynchburg, VA | | | | | | | | | | | | 57 Lance G. Sogan (g) | | | | | | | | | | | | 58 Peter Splawnyk (c) | | | | | | | | | | | | 59 R. Dane Swinehart | | | | | | | | | | | | P.O. Box 250 | | | |D,VP | | | | | | | | Lancaster, OH | | | | | | | | | | | | 60 D.B. Synowiec | | | | | | | | | | | | R. R. Number 2, Box 24A | | | | | | | | | | | | Rockport, IN | | | | | | | | | | | | 61 M.H. Thomas | | | | | | | | | | | | P.O. Box 400 | | | | | | | | | | | | Louisa, KY | | | | | | | | | | | | 62 James F. Tompkins | | | | | | | | | | | | P.O. Box 490 | | | | | | | | | | | | Athens, OH | | | | | | | | | | | | 63 Joseph A. Valentine (a) | | | | | | | | | | | | 64 Andrew P. Varley (a) | | | | | | | | | | | | 65 Joseph H. Vipperman (b) | | | | |D,VP |D,VP |D,VP | |D,VP | | | 66 Dana E. Waldo (b) | | | | | | | | | | | |
| FRECo | IFRI | PRCCo | SIMCo | SACCo | SOCCo | WVPCo | WCCo | 31 W. Robert Kelley (a) | | | | | | | | | 32 David A. Lang (e) | | | | | | | | | 33 Dennis A. Lantzy (a) | | | | | | | | | 34 V.A. Lepore (a) | | | | | | | | | 35 William J. Lhota (a) |D,VP |D,VP |D |D |D |D |D |D | 36 Hugh H. Lucas (g) | | | | | | | | | 37 R.M. Maliszewski (a) | | | | | | | | | 38 G.P. Maloney (a) |D,VP |D,VP |D,VP |D,VP |D,VP |D,VP |VP |D,VP | 39 Dr. James J. Markowsky (a) |D,VP |VP |D |D |D |D | |D | 40 Thomas R. McCaffrey (a) | | | | | | | | | 41 J.K. McWilliams (g) | | | | | | | | | 42 Richard C. Menge (d) |VP |D,VP |D,VP | | | | | | 43 T.C. Mosher | | | | | | | | | 113 N. Fifth Street | | | | | | | | | Zanesville, OH | | | | | | | | | 44 David Mustine (a) | | | | | | | | | 45 P.M. O'Brien (g) | | | | | | | | | 46 Armando A. Pena (a) |T |T |T |T |T |T |T |T | 47 Ronald A. Petti (a) | | | | | | | | | 48 A.H. Potter (d) | | | | | | | | | 49 R.E. Prater (a) | | | | | | | | | 50 Bruce A. Renz (a) | | | | | | | | | 51 H.E. Rhodes, Jr. (b) | | | | | | | | | 52 Samuel P. Riggle, Jr. | | | | | | | | | P.O. Box 112 | | | | | | | | | Millersburg, OH | | | | | | | | | 53 Robert L. Roberts | | | | | | | | | P.O. Box 604 | | | | | | | | | Piqua, OH | | | | | | | | | 54 William L. Scott (a) | | | | | | | | | 55 Charles A. Simmons (b) |VP | | | | | | | | 56 B.L. Snodgrass | | | | | | | | | 800 Main Street | | | | | | | | | Lynchburg, VA | | | | | | | | | 57 Lance G. Sogan (g) | | | | | | | | | 58 Peter Splawnyk (c) | | | | | | | | | 59 R. Dane Swinehart | | | | | | | | | P.O. Box 250 | | | | | | | | | Lancaster, OH | | | | | | | | | 60 D.B. Synowiec | | | | | | | | | R. R. Number 2, Box 24A | | | | | | | | | Rockport, IN | | | | | | | | | 61 M.H. Thomas | | | | | | | | | P.O. Box 400 | | | | | | | | | Louisa, KY | | | | | | | | | 62 James F. Tompkins | | | | | |VP | | | P.O. Box 490 | | | | | | | | | Athens, OH | | | | | | | | | 63 Joseph A. Valentine (a) | | | | | | | | | 64 Andrew P. Varley (a) | | | | | | | | | 65 Joseph H. Vipperman (b) |VP | | | |D,VP | |D,VP | | 66 Dana E. Waldo (b) |VP | | | | | | | |
OHIO VALLEY ELECTRIC CORPORATION INDIANA-KENTUCKY ELECTRIC CORPORATION
IKEC OVEC Name Address Position Position Klaus Bergman 12 East 49th Street, New York, NY - D John D. Brodt P.O. Box 468, Piketon, OH S,T S,T W.N. D'Onofrio (d) D - E. Linn Draper, Jr. (a) D,P D,P Murray R. Edelman 6200 Oak Tree Blvd., Independence, OH - D Carl A. Erikson (c) - D David L. Hart (a) VP VP Chris Hermann 220 West Main Street, Louisville, KY - D Allen M. Hill P.O. Box 1247, Dayton, OH - D W.R. Holland 76 South Main Street, Akron, OH D D J. Gordon Hurst One N. Main Street, Evansville, IN D - David E. Jones P.O. Box 468, Piketon, OH VP VP G.P. Maloney (a) VP VP Dr. James J. Markowsky (a) - D Richard C. Menge (d) D - J.H. Randolph 139 East Fourth Street, Cincinnati, OH - D Ronald G. Reherman 20 NW Fourth Street, Evansville, IN D D Peter J. Skrgic 12 East 49th Street, New York, NY D D Joseph H. Vipperman (b) - D Michael R. Whitley 1 Quality Street, Lexington, KY - D
ITEM 6. (CONTINUED) Part II. Each officer and director with a financial connection within the provisions of Section 17(c) of the Act are as follows:
Position Name and Location Held in Applicable Name of Officer of Financial Financial Exemption or Director Institution Institution Rule (1) (2) (3) (4) Robert M. Duncan First Federal Savings and Loan Association Newark, Ohio Director 70(a) L.A. Hudson, Jr. American National Bankshares, Inc. Danville, Virginia Director 70(a) American National Bank & Trust Co. Danville, Virginia Director 70(a) D.A. Lang Classic Bankshares Ashland, Kentucky Director 70(c) Ashland Federal Savings Bank Ashland, Kentucky Director 70(c) W.J. Lhota Huntington Bancshares, Inc. Columbus, Ohio Director 70(c),(f) R.C. Menge Fort Wayne National Bank Fort Wayne, Indiana Director 70(c),(f) Fort Wayne National Corporation Fort Wayne, Indiana Director 70(c),(f) A.E. Peyton One Valley Bank, N.A. Charleston, West Virginia Director 70(a) One Valley Bancorp of West Virginia, Inc. Charleston, West Virginia Director 70(a) Samuel P. CSB Bank Corporation Riggle, Jr. Millersburg, Ohio Director 70(c),(f) Commercial & Saving Bank Millersburg, Ohio Director 70(c),(f) R.L. Roberts Third Savings and Loan Co. Piqua, Ohio Director 70(c) Donald G. Smith First Union National Bank of Virginia Roanoke, Virginia Director 70(a) First Union National Bank of Washington D.C. Washington, D.C. Director 70(b) First Union National Bank of Maryland Rockville, Maryland Director 70(b) R.D. Swinehart Standing Stone National Bank Lancaster, Ohio Director 70(c),(f)
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 Executive Compensation The following table shows for 1995, 1994 and 1993 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 the AEP System at December 31, 1995.
Summary Compensation Table Long-Term Annual Compensation Compensation All Other Salary Bonus Payouts Compensation Name Year ($) ($)(1) LTIP Payouts($)(1) ($)(2) E. Linn Draper, Jr. 1995 685,000 236,325 334,851 30,790 1994 620,000 209,436 137,362 29,385 1993 538,333 148,742 18,180 Peter J. DeMaria 1995 330,000 113,850 143,829 20,050 1994 305,000 103,029 59,032 18,750 1993 280,000 77,364 17,811 G. P. Maloney 1995 330,000 113,850 141,582 20,060 1994 300,000 101,340 58,094 19,745 1993 269,000 74,325 18,000 William J. Lhota 1995 300,000 103,500 132,592 19,140 1994 280,000 94,584 54,409 19,185 1993 249,000 68,799 17,160 James J. Markowsky 1995 285,000 98,325 126,599 17,515 1994 267,000 90,193 51,930 14,755 1993 247,000 65,259 11,165
Notes to Summary Compensation Table (1) Amounts in the "Bonus" column reflect payments under the Management Incentive Compensation Plan for performance measured for each of the years ended December 31, 1993, 1994 and 1995. Payments are made in March of the subsequent year. Amounts for 1995 are estimates but should not change significantly. Amounts in the "Long-Term Compensation" column reflect performance share units earned under the Performance Share Incentive Plan (which became effective January 1, 1994) for the one-year and two-year transition performance periods ending December 31, 1994 and 1995, respectively. For 1995, their value was calculated by multiplying the $40.50 closing price of AEP's Common Stock as reported on the New York Stock Exchange on December 29, 1995, the last trading day of fiscal year 1995, by the number of units earned. (2) For 1995, includes (I) employer matching contributions under the AEP System Employees Savings Plan: $4,500 for each of the named executive officers; (ii) employer matching contributions under the AEP System Supplemental Savings Plan (which became effective January 1, 1994), a non-qualified plan designed to supplement the AEP Savings Plan: Dr. Draper, $16,050; Mr. DeMaria, $5,400; Mr. Maloney, $5,400; Mr. Lhota, $4,500; and Dr. Markowsky, $4,050; and (iii) subsidiary companies director fees: Dr. Draper, $10,240; Mr. DeMaria, $10,150; Mr. Maloney, $10,160; Mr. Lhota, $10,140; and Dr. Markowsky, $8,965. Compensation of Directors 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 the Board of Directors of the Company. The other members of the Board receive an annual retainer of $23,000 for their services, an additional annual retainer of $3,000 for each Committee that they chair, a fee of $1,000 for each meeting of the Board and of any Committee that they attend (except a meeting of the Executive Committee held on the same day as a Board meeting), and a fee of $1,000 per day for any inspection trip or conference (except a trip or conference on the same day as a Board or Committee meeting). AEP maintains a group 24-hour accident insurance policy to provide a $1,000,000 accidental death benefit for each director (three-year premium was $16,065). The current policy will expire on September 1, 1997, and the Company expects to renew the coverage. In addition, the Company pays each director (excluding officers of the Company or employees of any of its subsidiaries) an amount to provide for the federal and state income taxes incurred in connection with the maintenance of this coverage (approximately $500 annually). The Board has adopted a policy which permits directors to elect annually to defer receipt of all or a portion of their retainer and fees to be payable in a lump sum or monthly installments after they cease to be a director. The deferred compensation accrues interest compounded quarterly at the daily prime lending rate in effect from time to time at a specified major financial institution. This policy is implemented by individual deferred-compensation agreements which set forth the terms of the deferral. The Board has adopted a retirement plan for directors (excluding officers of AEP or employees of any of its subsidiaries) which provides for annual retirement payments for life to such directors commencing at the later of the director's retirement or age 72 in an amount equal to the annual Board retainer at the time of retirement with a 20% reduction for each year that service as a director is less than five. Directors of APCo, I&M and OPCo receive a fee of $100 for each meeting of the Board of Directors attended in addition to their salaries. (b) OWNERSHIP OF SECURITIES The following table sets forth the beneficial ownership of AEP Common Stock and stock-based units as of January 1, 1996 for all directors as of the date of this proxy statement (except for Mr. Fri and Ms. Stuntz whose share ownership is as of February 13, 1996 and February 27, 1996, respectively), all nominees to the Board of Directors, each of the persons named in the Summary Compensation Table and all directors and executive officers as a group. Unless otherwise noted, each person had sole voting and investment power over the number of shares of 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.
SHARES OF AEP COMMON STOCK BENEFICIALLY STOCK NAME DIRECTOR OF OWNED (a) UNITS(a) TOTAL C. R. Boyle, III I&M 3,470 629 4,099 G. A. Clark I&M 833 327 1,160 P. J. DeMaria AEP, APCo, I&M, OPCo 7,356 (b)(c)(d)(e)(f) 5,391 12,747 W. N. D'Onofrio I&M 4,154 (c)(e) 492 4,646 E. L. Draper, Jr. AEP, APCo, I&M, OPCo 6,119 (c)(e) 11,984 18,103 R. M. Duncan AEP 1,713 - 1,713 H. W. Fayne APCo, OPCo 3,653 (c)(e) 2,405 6,058 R. W. Fri AEP 500 - 500 A. G. Hansen AEP 1,116 - 1,116 L. A. Hudson, Jr. AEP 1,853 (f) - 1,853 W. J. Lhota APCo, I&M, OPCo 13,064 (c)(d)(e) 4,944 18,008 G. P. Maloney AEP, APCo, I&M, OPCo 5,227 (c)(d)(e) 5,306 10,533 J. J. Markowsky APCo, I&M, OPCo 6,631 (c)(f) 4,714 11,345 A. E. Peyton AEP 3,348 (g) - 3,348 A. H. Potter I&M 3,084 (c)(e) - 3,084 T. F. Reid AEP 1,500 (e) - 1,500 D. G. Smith AEP 1,200 - 1,200 L. G. Stuntz AEP 1,000 (e) - 1,000 M. Tanenbaum AEP 1,160 - 1,160 D. B. Synowiec I&M 2,214 398 2,612 D. M. Trenary I&M 64 412 476 J. H. Vipperman APCo, I&M, OPCo 5,092 (c)(e) 3,365 8,457 W. E. Walters I&M 4,738 278 5,016 A. H. Zwinger AEP 12,300 (e)(f) - 12,300 All directors & executive officers of AEP as a group (15 persons) 149,318 (d)(h) 32,339 181,657 All directors & executive officers of APCo as a group (7 persons) 132,373 (d)(h) 38,109 170,482 All directors & executive officers of I&M as a group (13 persons) 147,277 (d)(h) 38,240 185,517 All directors & executive officers of OPCo as a group (7 persons) 132,373 (d)(h) 38,109 170,482 Notes on Stock Ownership (a) This column includes amounts deferred in stock units and held under the Management Incentive Compensation Plan and Performance Share Incentive Plan. (b) Mr. DeMaria owns 100 shares of Cumulative Preferred Shares 9.50% Series, $100 par value, of Columbus Southern Power Company. Includes shares and share equivalents held in the following plans in the amounts listed below: AEP EMPLOYEE AEP PERFORMANCE AEP EMPLOYEES STOCK OWNERSHIP SHARE INCENTIVE SAVINGS PLAN NAME PLAN (Shares) PLAN (Shares) (Share Equivalents) Mr. Boyle 47 316 3,107 Mr. Clark 8 - 825 Mr. DeMaria 83 944 2,705 Mr. D'Onofrio 59 - 3,595 Dr. Draper - 2,196 1,958 Mr. Fayne 63 398 3,162 Mr. Lhota 60 812 10,824 Mr. Maloney 85 867 2,775 Dr. Markowsky 66 830 5,718 Mr. Potter 41 - 3,029 Mr. Trenary 41 - 23 Mr. Vipperman 80 564 4,391 Mr. Walters 45 - 4,693 All directors and executive officers of AEP as a group 294 5,649 23,980 All directors and executive officers of APCo as a group 437 6,611 31,533 All directors and executive officers of I&M as a group 668 6,529 45,804 All directors and executive officers of OPCo as a group 437 6,611 31,533 With respect to the shares and share equivalents held in these plans, such persons have sole voting power, but the investment/disposition power is subject to the terms of such plans. (d) Does not include, for Messrs. DeMaria, Lhota and Maloney, 85,231 shares in the American Electric Power System Educational Trust Fund over which Messrs. DeMaria, Lhota and Maloney 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 in joint tenancy with a family member: Mr. DeMaria, 1,232; Mr. D'Onofrio, 500 shares; Dr. Draper, 1,965; Mr. Fayne, 30; Mr. Lhota, 1,368; Mr. Maloney, 1,500; Mr. Potter, 14 shares; Mr. Reid, 1,500; Ms. Stuntz, 300; Mr. Vipperman, 57 shares; and Ms. Zwinger, 3,100. (f) Includes the following numbers of shares held by family members over which beneficial ownership is disclaimed: Mr. DeMaria, 2,392; Mr. Hudson, 750; Dr. Markowsky, 17; and Ms. Zwinger, 3,000. (g) Includes 315 shares over which Mr. Peyton shares voting and investment power which are held by trusts of which he is a trustee, but he disclaims beneficial ownership of 169 of such shares. (h) Represents less than 1% of the total number of shares outstanding. ___________ Section 16(a) of the Securities Exchange Act of 1934 requires the Company's executive officers and directors to file initial reports of ownership and reports of changes in ownership of Common Stock of the Company with the Securities and Exchange Commission. Executive officers and directors are required by SEC regulations to furnish the Company with copies of all reports they file. Based solely on a review of the copies of such reports furnished to the Company and written representations from the Company's executive officers and directors during the fiscal year ended December 31, 1995, the Company notes that Robert M. Duncan, a director, did not timely report the acquisition of 283 shares of Common Stock that occurred in April 1995, although he reported it shortly thereafter. (c) CONTRACTS AND TRANSACTIONS WITH SYSTEM COMPANIES Employment Agreement Dr. Draper has a contract with AEP and AEP Service Corporation which provides for his employment for an initial term from no later than March 15, 1992 until March 15, 1997. Dr. Draper commenced his employment with AEP and AEP Service Corporation on March 1, 1992. AEP or AEP Service Corporation may terminate the contract at any time and, if this is done for reasons other than cause and other than as a result of Dr. Draper's death or permanent disability, AEP Service Corporation must pay Dr. Draper's then base salary through March 15, 1997, less any amounts received by Dr. Draper from other employment. Ms. Stuntz, a director of AEP, was a partner in the Washington, D.C. law firm of Van Ness Feldman, P.C. during part of 1995. Several organizations of which certain AEP System companies have been members and to which they have provided financial support, were clients of Van Ness Feldman, P.C. in 1995. No such relationships exist between AEP System companies and the current firm of Ms. Stuntz, Stuntz & Davis, P.C. (d) INDEBTEDNESS TO SYSTEM COMPANIES None (e) PARTICIPATION IN BONUS AND PROFIT SHARING ARRANGEMENTS AND OTHER BENEFITS Long-Term Incentive Plans - Awards In 1995 Each of the awards set forth below constitutes a grant of performance share units, which represent units equivalent to shares of Common Stock, pursuant to the Company's Performance Share Incentive Plan. Since it is not possible to predict future dividends and the price of AEP Common Stock, credits of performance share units in amounts equal to the dividends that would have been paid if the performance share units were granted in the form of shares of Common Stock are not included in the table. The ability to earn performance share units is tied to achieving specified levels of total shareholder return ("TSR") relative to the S&P Electric Utility Index. Notwithstanding AEP's TSR ranking, no performance share units are earned unless AEP shareholders realize a positive TSR over the relevant three-year performance period. The Human Resources Committee may, at its discretion, reduce the number of performance share units otherwise earned. In accordance with the performance goals established for the periods set forth below, the threshold, target and maximum awards are equal to 25%, 100% and 200%, respectively, of the performance share units held. No payment will be made for performance below the threshold. Payments of earned awards are deferred in the form of restricted stock units (equivalent to shares of AEP Common Stock) until the officer has met the equivalent stock ownership target. Once officers meet and maintain their respective targets, they may elect either to continue to defer or to receive further earned awards in cash and/or AEP Common Stock.
Estimated Future Payouts of Performance Performance Share Units Under Number of Period Until Non-Stock Price-Based Plan Performance Maturation Threshold Target Maximum Name Share Units or Payout (#) (#) (#) E. L. Draper, Jr. 8,302 1995-1997 2,075 8,302 16,604 P. J. DeMaria 3,499 1995-1997 875 3,499 6,998 G. P. Maloney 3,499 1995-1997 875 3,499 6,998 W. J. Lhota 3,181 1995-1997 795 3,181 6,362 J. J. Markowsky 3,022 1995-1997 755 3,022 6,044
Retirement Benefits The American Electric Power System Retirement Plan provides pensions for all employees of AEP System companies (except for employees covered by certain collective bargaining agreements), including the executive officers of the Company. The Retirement Plan is a noncontributory defined benefit plan. The following table shows the approximate annual annuities under the Retirement Plan that would be payable to employees in certain higher salary classifications, assuming retirement at age 65 after various periods of service. Pension Plan Table
Highest Average Years of Accredited Service Annual Earnings 15 20 25 30 35 40 45 $ 300,000 $ 69,930 $ 93,240 $116,550 $139,860 $163,170 $183,120 $203,070 400,000 93,930 125,420 156,550 187,860 219,170 245,770 272,370 500,000 117,930 157,240 196,550 235,860 275,170 308,420 341,670 700,000 165,930 221,240 276,550 331,860 387,170 433,720 480,270 900,000 213,930 285,240 356,550 427,860 499,170 559,020 618,870 1,100,000 261,930 349,240 436,550 523,860 611,170 684,320 757,470
The amounts shown in the table are the straight life annuities payable under the Retirement Plan without reduction for the joint and survivor annuity. Retirement benefits listed in the table are not subject to any deduction for Social Security or other offset amounts. The retirement annuity is reduced 3% per year in the case of retirement between ages 60 and 62 and further reduced 6% per year in the case of retirement between ages 55 and 60. If an employee retires after age 62, there is no reduction in the retirement annuity. AEP maintains a supplemental retirement plan which provides for the payment of benefits that are not payable under the Retirement Plan due primarily to limitations imposed by Federal tax law on benefits paid by qualified plans. The table includes supplemental retirement benefits. Compensation upon which retirement benefits are based, for the executive officers named in the Summary Compensation Table above, consists of the average of the 36 consecutive months of the officer's highest aggregate salary and Management Incentive Compensation Plan awards, shown in the "Salary" and "Bonus" columns, respectively, of the Summary Compensation Table, out of the officer's most recent 10 years of service. As of December 31, 1995, the number of full years of service applicable for retirement benefit calculation purposes for such officers were as follows: Dr. Draper, three years; Mr. DeMaria, 36 years; Mr. Maloney, 40 years; Mr. Lhota, 31 years; and Dr. Markowsky, 24 years. Dr. Draper's employment agreement described above provides him with a supplemental retirement annuity that credits him with 24 years of service in addition to his years of service credited under the Retirement Plan less his actual pension entitlement under the Retirement Plan and any pension entitlement from the Gulf States Utilities Company Trusteed Retirement Plan, a plan sponsored by his prior employer. AEP will pay supplemental retirement benefits to 19 AEP System employees (including Messrs. DeMaria, Maloney and Lhota and Dr. Markowsky) whose pensions may be adversely affected by amendments to the Retirement Plan made as a result of the Tax Reform Act of 1986. Such payments, if any, will be equal to any reduction occurring because of such amendments. Assuming retirement in 1996 of the executive officers named in the Summary Compensation Table, only Mr. Maloney would be affected and his annual supplemental benefit would be $972. AEP made available a voluntary deferred-compensation program in 1982 and 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 defer up to 10% or 15% annually (depending on the terms of the program offered), over a four-year period, of his or her salary, 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. The following table sets forth, for the executive officers named in the Summary Compensation Table, the amounts of annual deferrals and, assuming retirement at age 65, annual supplemental retirement payments under the 1982 and 1986 programs. 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 1995 Accounts Charged, Name of Company and Name if any, or Number of Recipients Per Books of or Beneficiaries Purpose Disbursing Company Amounts (in thousands) AEGCo Climate Council A 426 Other Income Deductions $20 APCo Coalition for Energy and Economic Revitalization A " " " 52 I&M Climate Council A " " " 50 Indiana Electric Association A " " " 33 3 Beneficiaries A " " " 1 A = Defray Expenses 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 1995 Company Company In Effect Nature of Performing Receiving Date of On Dec. 31st Transactions Service Service Compensation Contract (Yes or No) (1) (2) (3) (4) (5) (6) (in thousands) Machine Shop Services APCo System Operating Companies $ 8,667 12/08/78 Yes Plant Maintenance APCo System Operating Companies 4,244 1/01/76 Yes Racine Hydro Service APCo OPCo 298 12/08/78 Yes Simulator Training Services APCo System Operating Companies 649 12/12/87 Yes Coal BHCCo I&M - (a) 1/01/82 Yes Coal CeCCo APCo - (b) 12/01/76 Yes Coal CACCo APCo - (c) 9/14/48 Yes Coal CCCo APCo/OPCo - (d) 1/1/80 Yes Coal Washing CCPC CSPCo 8,812 11/05/84 Yes Coal COCCo OPCo 52,158 4/01/83 Yes Barging Transportation I&M System Operating Companies 23,160 5/01/86 Yes Coal SACCo APCo - (e) 3/01/78 Yes Coal SOCCo OPCo 183,956 2/01/74 Yes Coal SOCCo OPCo - (f) 10/01/72 Yes Coal WCCo OPCo 48,979 1/01/83 Yes Coal Transportation Simco CCPC 455 5/01/91 Yes (a) Excludes shutdown costs billed to I&M of $231,000. (b) Excludes shutdown costs billed to APCo of $3,659,000. (c) Excludes shutdown costs billed to APCo of $710,000. (d) Excludes shutdown cost billed to OPCo and APCo of $182,000. (e) Excludes shutdown costs credited to APCo of $106,000. (f) Excludes shutdown costs credited to OPCo of $1,516,000.
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. (a) AEP Resources International, Ltd. was formed as a wholly-owned subsidiary by AEP Resources, Inc. on June 24, 1994. It is domiciled in the Cayman Islands and its business address is Caledonian Bank & Trust Limited, Caldonian House, Mary Street, P.O. Box 1043, George Town, Grand Cayman, Cayman Islands. At December 31, 1995, the Company owned no facilities. (b) AEP Resources International, Ltd. issued one share of $1.00 par value common stock to its parent, AEP Resources, Inc., for $5,000 during 1994. During 1995 AEPRI received capital contributions from its parent totalling $110,000 and at year end had an accumulated net loss of $97,000. There is no other stock or debt outstanding. The Company owned no fixed assets at December 31, 1995. (c) There was no debt outstanding at December 31, 1995. (d) There were no contracts between AEP Resources International, Ltd. and other system companies. Part II. See Exhibit's H and I Part III. American Electric Power Company, Inc.'s aggregate investment in foreign utility companies is $115,000 which is less than 1% of its investment in domestic public utility subsidiary companies. ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS Section and FINANCIAL STATEMENTS Page No. Consent of Independent Public Accountants A-1 Consolidating Statements of Income B-1 to B-6 Consolidating Balance Sheets Assets B-7 to B-13 Capitalization and Liabilities B-14 to B-20 Consolidating Statements of Cash Flows B-21 to B-26 Consolidating Statements of Retained Earnings B-27 to B-33 Note to Consolidating Financial Statements C-1 Financial Statements of Subsidiaries Not Consolidated: CdOCo D-1 to D-2 IKEC D-3 to D-5 OVEC D-6 to D-9 ICS * EXHIBITS Exhibit A E Exhibit B & C ** Exhibit D ** Exhibit E ** Exhibit F None Exhibit G ** Exhibit H ** Exhibit I ** Exhibit 27 ** * Omitted pursuant to Securities and Exchange Commission Release No. 35-24295. ** These Exhibits are included only the in copy filed with the Securities and Exchange Commission. INDEPENDENT AUDITORS' CONSENT We consent to the incorporation by reference in this American Electric Power Company, Inc. Annual Report (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, 1995, of our reports dated February 27, 1996 on the consolidated financial statements of American Electric Power Company, Inc. and subsidiaries and of certain of its subsidiaries (AEP Generating Company, Appalachian Power Company and subsidiaries, Columbus Southern Power Company and subsidiaries, Indiana Michigan Power Company and subsidiaries, Kentucky Power Company, and Ohio Power Company and subsidiaries), incorporated by reference in the combined Annual Report (Form 10-K) to the Securities and Exchange Commission of American Electric Power Company, Inc. and its subsidiaries and of certain of its subsidiaries for the year ended December 31, 1995. /s/ Deloitte & Touche llp Deloitte & Touche llp Columbus, Ohio April 29, 1996 A-1 AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands, except per share amount)
JOURNAL ELIMINATIONS AEP ENTRY AND COMBINED APCo CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP CONSOLIDATED Operating Revenues $5,670,330 1,2,4,8,9 ($1,054,799) $6,725,129 $1,545,039 Equity of American Electric Power Company, Inc.in Earnings of Subsidiaries 3 (537,686) 537,686 $537,686 Total 5,670,330 (1,592,485) 7,262,815 537,686 1,545,039 Operating Expenses: Fuel and Purchased Power 1,625,531 1,9 (771,985) 2,397,516 648,862 Other Operation 1,184,158 1,2,4,8,9 (255,270) 1,439,428 5,564 221,783 Maintenance 541,825 4,8,9 (9,066) 550,891 139,566 Depreciation and Amortization 593,019 8 (4,009) 597,028 132,999 Taxes Other Than Federal Income Taxes 489,223 4,8,9 (13,188) 502,411 187 117,093 Federal Income Taxes 272,027 4,7,9 976 271,051 57,634 Total Operating Expenses 4,705,783 (1,052,542) 5,758,325 5,751 1,317,937 Operating Income (Loss) 964,547 (539,943) 1,504,490 531,935 227,102 Nonoperating Income (Loss): Deferred Zimmer Plant Carrying Charges (net of tax) 3,089 3,089 Other Nonoperating Income (Loss) 17,115 3-6,8,9 1,324 15,791 565 (4,699) Total Nonoperating Income (Loss) 20,204 1,324 18,880 565 (4,699) Income (Loss) Before Interest Charges and Preferred Dividends 984,751 (538,619) 1,523,370 532,500 222,403 Interest Charges (net) 400,077 400,077 2,597 106,503 Preferred Stock Dividend Requirements of Subsidiaries 54,771 54,771 16,405 Net Income (Loss) $529,903 ($538,619) $1,068,522 $529,903 $99,495 Average Number of Shares Outstanding 185,847 Earnings Per Share $2.85 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands, except per share amount)
CSPCo I&M OPCo CONSOLIDATED CONSOLIDATED KEPCo KGPCo CONSOLIDATED WPCo Operating Revenues $1,071,862 $1,283,157 $328,144 $79,788 $1,822,997 $85,204 Equity of American Electric Power Company, Inc.in Earnings of Subsidiaries Total 1,071,862 1,283,157 328,144 79,788 1,822,997 85,204 Operating Expenses: Fuel and Purchased Power 337,308 348,380 168,809 58,706 678,077 57,739 Other Operation 190,542 306,967 45,253 7,331 327,026 8,382 Maintenance 71,022 141,813 27,877 2,400 144,202 3,741 Depreciation and Amortization 118,716 154,458 24,434 2,280 135,844 2,614 Taxes Other Than Federal Income Taxes 109,680 71,791 8,431 3,722 170,047 5,310 Federal Income Taxes 58,786 54,025 4,319 815 95,641 1,790 Total Operating Expenses 886,054 1,077,434 279,123 75,254 1,550,837 79,576 Operating Income (Loss) 185,808 205,723 49,021 4,534 272,160 5,628 Nonoperating Income (Loss): Deferred Zimmer Plant Carrying Charges (net of tax) 3,089 Other Nonoperating Income (Loss) 2,113 6,272 3 285 11,240 (64) Total Nonoperating Income (Loss) 5,202 6,272 3 285 11,240 (64) Income (Loss) Before Interest Charges and Preferred Dividends 191,010 211,995 49,024 4,819 283,400 5,564 Interest Charges (net) 80,394 70,903 23,896 2,785 93,953 2,695 Preferred Stock Dividend Requirements of Subsidiaries 11,907 11,791 14,668 Net Income (Loss) $98,709 $129,301 $25,128 $2,034 $174,779 $2,869 Average Number of Shares Outstanding Earnings Per Share See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands, except per share amount)
AEPENS AEGCo AEPINV AEPRES AEPRI AEPSC CCCo COpCo FRECo IFRI Operating Revenues $231,795 $260,886 $16,257 Equity of American Electric Power Company, Inc.in Earnings of Subsidiaries Total $0 231,795 $0 $0 $0 260,886 $0 16,257 $0 $0 Operating Expenses: Fuel and Purchased Power 99,635 Other Operation 79,939 237,213 9,428 Maintenance 11,203 3,242 5,825 Depreciation and Amortization 21,674 4,009 Taxes Other Than Federal Income Taxes 2,962 12,161 1,027 Federal Income Taxes 3,339 (5,346) 48 Total Operating Expenses 0 218,752 0 0 0 251,279 0 16,328 0 0 Operating Income (Loss) 0 13,043 0 0 0 9,607 0 (71) 0 0 Nonoperating Income (Loss): Deferred Zimmer Plant Carrying Charges (net of tax) Other Nonoperating Income (Loss) (1,807) 3,685 (191) (288) (93) (1,301) 71 Total Nonoperating Income (Loss) (1,807) 3,685 (191) (288) (93) (1,301) 0 71 0 0 Income (Loss) Before Interest Charges and Preferred Dividends (1,807) 16,728 (191) (288) (93) 8,306 0 0 0 0 Interest Charges (net) 4 8,041 8,306 Preferred Stock Dividend Requirements of Subsidiaries Net Income (Loss) ($1,811) $8,687 ($191) ($288) ($93) $0 $0 $0 $0 $0 Average Number of Shares Outstanding Earnings Per Share See Note to Consolidating Financial Statements on Page C-1.
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS APCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo Operating Revenues $1,545,039 $0 $1,545,039 $1,545,039 Operating Expenses: Fuel and Purchased Power 648,862 0 648,862 648,862 Other Operation 221,783 221,783 221,783 Maintenance 139,566 139,566 139,566 Depreciation and Amortization 132,999 132,999 132,999 Taxes Other Than Federal Income Taxes 117,093 117,093 117,093 Federal Income Taxes 57,634 57,634 57,634 Total Operating Expenses 1,317,937 0 1,317,937 1,317,937 Operating Income 227,102 0 227,102 227,102 Nonoperating Income (Loss): Equity in Earnings of Subsidiary Companies 0 10 5,837 (5,837) (5,837) Other Nonoperating Income (Loss) (4,699) (4,699) 1,138 Total Nonoperating Income (Loss) (4,699) 5,837 (10,536) (4,699) Income (Loss) Before Interest Charges and Preferred Dividends 222,403 5,837 216,566 222,403 Interest Charges (net) 106,503 106,503 106,503 Preferred Stock Dividend Requirements 16,405 16,405 16,405 Earnings (Loss) Applicable to Common Stock $99,495 $5,837 $93,658 $99,495 See Note to Consolidating Financial Statements on Page C-1.
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
CeCCo CACCo SACCo WVPCo Operating Revenues Operating Expenses: Fuel and Purchased Power Other Operation Maintenance Depreciation and Amortization Taxes Other Than Federal Income Taxes Federal Income Taxes Total Operating Expenses $0 $0 $0 $0 Operating Income 0 0 0 0 Nonoperating Income (Loss): Equity in Earnings of Subsidiary Companies Other Nonoperating Income (Loss) (542) (28) (5,271) 4 Total Nonoperating Income (Loss) (542) (28) (5,271) 4 Income (Loss) Before Interest Charges and Preferred Dividends (542) (28) (5,271) 4 Interest Charges (net) Preferred Stock Dividend Requirements Earnings (Loss) Applicable to Common Stock ($542) ($28)($5,271) $4 See Note to Consolidating Financial Statements on Page C-1.
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS CSPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo Operating Revenues $1,071,862 11 ($9,267) $1,081,129 $1,071,862 Operating Expenses: Fuel and Purchased Power 337,308 11 (397) 337,705 337,705 Other Operation 190,542 11 (7,465) 198,007 190,542 Maintenance 71,022 11 (1,056) 72,078 71,022 Depreciation and Amortization 118,716 11 (124) 118,840 118,716 Taxes Other Than Federal Income Taxes 109,680 11 (225) 109,905 109,680 Federal Income Taxes 58,786 13 (1) 58,787 58,662 Total Operating Expenses 886,054 (9,268) 895,322 886,327 Operating Income 185,808 1 185,807 185,535 Nonoperating Income (Loss): Deferred Zimmer Plant Carrying Charges (net of tax) 3,089 3,089 3,089 Equity in Earnings of Subsidiary Companies 0 12 (541) 541 541 Other Nonoperating Income (Loss) 2,113 13 (1) 2,114 1,845 Total Nonoperating Income (Loss) 5,202 (542) 5,744 5,475 Income Before Interest Charges and Preferred Dividends 191,010 (541) 191,551 191,010 Interest Charges (net) 80,394 80,394 80,394 Preferred Stock Dividend Requirements 11,907 11,907 11,907 Earnings Applicable to Common Stock $98,709 ($541) $99,250 $98,709 See Note to Consolidating Financial Statements on Page C-1.
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
COLM CCPC SIMCo Operating Revenues $8,812 $455 Operating Expenses: Fuel and Purchased Power Other Operation 7,453 12 Maintenance 1,056 Depreciation and Amortization 18 106 Taxes Other Than Federal Income Taxes 188 37 Federal Income Taxes 26 99 Total Operating Expenses $0 8,741 254 Operating Income 0 71 201 Nonoperating Income (Loss): Deferred Zimmer Plant Carrying Charges (net of tax) Equity in Earnings of Subsidiary Companies Other Nonoperating Income (Loss) 272 (1) (2) Total Nonoperating Income (Loss) 272 (1) (2) Income Before Interest Charges and Preferred Dividends 272 70 199 Interest Charges (net) Preferred Stock Dividend Requirements Earnings Applicable to Common Stock $272 $70 $199 See Note to Consolidating Financial Statements on Page C-1.
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS I&M ENTRY AND COMBINED CONSOLIDATED NUMBER ADJUSTMENTS TOTAL I&M Operating Revenues $1,283,157 $1,283,157 $1,283,157 Operating Expenses: Fuel and Purchased Power 348,380 348,380 348,380 Other Operation 306,967 306,967 306,967 Maintenance 141,813 141,813 141,813 Depreciation and Amortization 154,458 154,458 154,458 Taxes Other Than Federal Income Taxes 71,791 71,791 71,791 Federal Income Taxes 54,025 54,025 54,025 Total Operating Expenses 1,077,434 1,077,434 1,077,434 Operating Income 205,723 205,723 205,723 Nonoperating Income: Equity in Earnings of Subsidiary Companies 0 14 ($3,511) 3,511 3,511 Other Nonoperating Income 6,272 6,272 2,761 Total Nonoperating Income 6,272 (3,511) 9,783 6,272 Income Before Interest Charges and Preferred Dividends 211,995 (3,511) 215,506 211,995 Interest Charges (net) 70,903 70,903 70,903 Preferred Stock Dividend Requirements 11,791 11,791 11,791 Earnings Applicable to Common Stock $129,301 ($3,511) $132,812 $129,301 See Note to Consolidating Financial Statements on Page C-1.
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
BHCCo PRCCo Operating Revenues Operating Expenses: Fuel and Purchased Power Other Operation Maintenance Depreciation and Amortization Taxes Other Than Federal Income Taxes Federal Income Taxes Total Operating Expenses $0 $0 Operating Income 0 0 Nonoperating Income: Equity in Earnings of Subsidiary Companies Other Nonoperating Income 3,511 Total Nonoperating Income 3,511 0 Income Before Interest Charges and Preferred Dividends 3,511 0 Interest Charges (net) Preferred Stock Dividend Requirements Earnings Applicable to Common Stock $3,511 $0 See Note to Consolidating Financial Statements on Page C-1.
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands) JOURNAL ELIMINATIONS OPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo Operating Revenues $1,822,997 15,16,17,21 ($293,685) $2,116,682 $1,831,115 Operating Expenses: Fuel and Purchased Power 678,077 15,16,17,20 (34,693) 712,770 712,770 Other Operation 327,026 15 (171,602) 498,628 327,026 Maintenance 144,202 15 (49,560) 193,762 144,202 Depreciation and Amortization 135,844 15 (19,033) 154,877 135,844 Taxes Other Than Federal Income Taxes 170,047 15 (18,086) 188,133 170,047 Federal Income Taxes 95,641 19 22 95,619 87,183 Total Operating Expenses 1,550,837 (292,952) 1,843,789 1,577,072 Operating Income 272,160 (733) 272,893 254,043 Nonoperating Income: Equity in Earnings of Subsidiary Companies 0 18 (14,387) 14,387 14,387 Other Nonoperating Income 11,240 19,20 671 10,569 8,930 Total Nonoperating Income 11,240 (13,716) 24,956 23,317 Income Before Interest Charges and Preferred Dividends 283,400 (14,449) 297,849 277,360 Interest Charges (net) 93,953 19,21 (62) 94,015 87,913 Preferred Stock Dividend Requirements 14,668 14,668 14,668 Earnings Applicable to Common Stock $174,779 ($14,387) $189,166 $174,779 See Note to Consolidating Financial Statements on Page C-1.
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF INCOME Year Ended December 31, 1995 (in thousands)
COCCo SOCCo WCCo Operating Revenues $52,158 $183,956 $49,453 Operating Expenses: Fuel and Purchased Power Other Operation 36,707 104,050 30,845 Maintenance 6,686 33,092 9,782 Depreciation and Amortization 3,315 13,294 2,424 Taxes Other Than Federal Income Taxes 2,930 10,864 4,292 Federal Income Taxes 1,116 6,515 805 Total Operating Expenses 50,754 167,815 48,148 Operating Income 1,404 16,141 1,305 Nonoperating Income: Equity in Earnings of Subsidiary Companies Other Nonoperating Income 1,307 261 71 Total Nonoperating Income 1,307 261 71 Income Before Interest Charges and Preferred Dividends 2,711 16,402 1,376 Interest Charges (net) 55 6,034 13 Preferred Stock Dividend Requirements Earnings Applicable to Common Stock $2,656 $10,368 $1,363 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS AEP ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP ASSETS Electric Utility Plant: Production $9,238,843 5 $1 $9,238,842 Transmission 3,316,664 5 1 3,316,663 Distribution 4,184,251 4,184,251 General(including mining assets and nuclear fuel) 1,442,086 1,442,086 Construction Work In Progress 314,118 5 (2) 314,120 Total Electric Utility Plant 18,495,962 0 18,495,962 $0 Accumulated Depreciation and Amortization (7,111,123) (7,111,123) Net Electric Utility Plant 11,384,839 0 11,384,839 0 Other Property and Investments 825,781 1,5 (4,333,075) 5,158,856 4,373,124 Current Assets: Cash and Cash Equivalents 79,955 2 1,175 78,780 130 Accounts Receivable: Customers 423,284 423,284 Affiliated Companies 0 2 (183,502) 183,502 18 Miscellaneous 74,429 2 11,463 62,966 202 Allowance for Uncollectible Accounts (5,430) (5,430) Fuel - at average cost 271,933 5 1 271,932 Materials and Supplies - at average cost 251,051 251,051 Accrued Utility Revenues 207,919 207,919 Prepayments and Other 98,717 5 1 98,716 37 Total Current Assets 1,401,858 (170,862) 1,572,720 387 Regulatory Assets 1,979,446 3,5 8,283 1,971,163 (58) Deferred Charges 310,377 2,3,4 (10,357) 320,734 16,399 Total $15,902,301 ($4,506,011) $20,408,312 $4,389,852 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
APCo CSPCo I&M CONSOLIDATED CONSOLIDATED CONSOLIDATED KEPCo KGPCo ASSETS Electric Utility Plant: Production $1,857,621 $1,481,309 $2,507,667 $230,054 Transmission 1,041,415 314,413 867,541 261,619 $11,678 Distribution 1,409,407 843,228 666,810 313,783 56,956 General(including mining assets and nuclear fuel) 169,602 117,185 186,959 59,611 3,766 Construction Work In Progress 80,391 64,073 90,587 14,590 2,460 Total Electric Utility Plant 4,558,436 2,820,208 4,319,564 879,657 74,860 Accumulated Depreciation and Amortization (1,694,746) (953,170) (1,751,965) (270,590) (25,010) Net Electric Utility Plant 2,863,690 1,867,038 2,567,599 609,067 49,850 Other Property and Investments 31,523 25,950 584,613 6,438 159 Current Assets: Cash and Cash Equivalents 8,664 10,577 13,723 1,031 505 Accounts Receivable: Customers 126,613 52,390 82,434 23,283 5,903 Affiliated Companies 7,721 4,465 21,881 4,150 5,634 Miscellaneous 8,077 10,059 11,450 2,739 456 Allowance for Uncollectible Accounts (2,253) (1,061) (334) (259) (58) Fuel - at average cost 69,037 24,316 29,093 3,526 Materials and Supplies - at average cost 55,756 23,519 72,861 12,481 613 Accrued Utility Revenues 65,078 40,389 43,937 13,500 2,627 Prepayments and Other 8,579 32,116 10,191 1,701 1,161 Total Current Assets 347,272 196,770 285,236 62,152 16,841 Regulatory Assets 435,352 438,005 458,525 82,388 5,237 Deferred Charges 57,541 66,363 32,364 12,153 124 Total $3,735,378 $2,594,126 $3,928,337 $772,198 $72,211 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
OPCo CONSOLIDATED WPCo AEPENS AEGCo AEPINV AEPRES ASSETS Electric Utility Plant: Production $2,534,893 $627,298 Transmission 798,854 $21,143 Distribution 833,944 60,123 General(including mining assets and nuclear fuel) 688,253 6,855 2,919 Construction Work In Progress 59,278 1,344 1,397 Total Electric Utility Plant 4,915,222 89,465 $0 631,614 $0 $0 Accumulated Depreciation and Amortization (2,091,148) (35,265) (218,055) Net Electric Utility Plant 2,824,074 54,200 0 413,559 0 0 Other Property and Investments 107,510 2,922 6 12,415 18 Current Assets: Cash and Cash Equivalents 44,000 246 215 (2,508) 47 190 Accounts Receivable: Customers 125,710 6,951 Affiliated Companies 48,193 143 18,549 Miscellaneous 26,814 108 1,333 479 1,040 1 Allowance for Uncollectible Accounts (1,424) (41) Fuel - at average cost 126,952 19,008 Materials and Supplies - at average cost 80,468 533 4,820 Accrued Utility Revenues 40,100 2,288 Prepayments and Other 42,286 216 7 673 1 Total Current Assets 533,099 10,444 1,555 41,021 1,088 191 Regulatory Assets 562,329 17,231 (30,441) Deferred Charges 129,552 1,635 95 1,687 234 Total $4,156,564 $86,432 $1,650 $425,832 $13,737 $209 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
AEPRI AEPSC CCCo COpCo FRECo IFRI ASSETS Electric Utility Plant: Production Transmission Distribution General(including mining assets and nuclear fuel) $206,936 Construction Work In Progress Total Electric Utility Plant $0 206,936 $0 $0 $0 $0 Accumulated Depreciation and Amortization (71,174) Net Electric Utility Plant 0 135,762 0 0 0 0 Other Property and Investments 13,476 701 1 Current Assets: Cash and Cash Equivalents 18 407 55 1,452 28 Accounts Receivable: Customers Affiliated Companies 70,511 152 2,083 1 1 Miscellaneous 191 16 1 Allowance for Uncollectible Accounts Fuel - at average cost Materials and Supplies - at average cost Accrued Utility Revenues Prepayments and Other 1,724 2 22 Total Current Assets 18 72,833 225 3,558 29 1 Regulatory Assets 3,128 (74) (459) Deferred Charges 2,401 49 137 Total $18 $227,600 $901 $3,236 $30 $1 See Note to Consolidating Financial Statements on Page C-1.
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS APCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo ASSETS Electric Utility Plant: Production $1,857,621 $1,857,621 $1,857,621 Transmission 1,041,415 1,041,415 1,041,415 Distribution 1,409,407 1,409,407 1,409,407 General 169,602 169,602 169,602 Construction Work In Progress 80,391 80,391 80,391 Total Electric Utility Plant 4,558,436 $0 4,558,436 4,558,436 Accumulated Depreciation and Amortization (1,694,746) (1,694,746) (1,694,746) Net Electric Utility Plant 2,863,690 0 2,863,690 2,863,690 Other Property and Investments 31,523 6 (11,763) 43,286 35,120 Current Assets: Cash and Cash Equivalents 8,664 8,664 7,145 Accounts Receivable: Customers 126,613 126,613 126,613 Affiliated Companies 7,721 7 (6,983) 14,704 7,721 Miscellaneous 8,077 8,077 7,570 Allowance for Uncollectible Accounts (2,253) (2,253) (2,253) Fuel - at average cost 69,037 69,037 69,037 Materials and Supplies - at average cost 55,756 55,756 55,756 Accrued Utility Revenues 65,078 65,078 65,078 Prepayments and Other 8,579 8,579 8,125 Total Current Assets 347,272 (6,983) 354,255 344,792 Regulatory Assets 435,352 435,352 434,263 Deferred Charges 57,541 7 (315) 57,856 56,579 Total $3,735,378 ($19,061) $3,754,439 $3,734,444 See Note to Consolidating Financial Statements on Page C-1.
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
CeCCo CACCo SACCo WVPCo ASSETS Electric Utility Plant: Production Transmission Distribution General Construction Work In Progress Total Electric Utility Plant $0 $0 $0 $0 Accumulated Depreciation and Amortization Net Electric Utility Plant 0 0 0 0 Other Property and Investments 669 7,487 10 Current Assets: Cash and Cash Equivalents 176 511 617 215 Accounts Receivable: Customers Affiliated Companies 4,914 1,588 481 Miscellaneous 132 2 372 1 Allowance for Uncollectible Accounts Fuel - at average cost Materials and Supplies - at average cost Accrued Utility Revenues Prepayments and Other 454 Total Current Assets 5,676 2,101 1,470 216 Regulatory Assets 547 (226) 768 Deferred Charges 1,276 1 Total $8,168 $1,875 $9,725 $227 See Note to Consolidating Financial Statements on Page C-1.
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS CSPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo ASSETS Electric Utility Plant: Production $1,481,309 $1,481,309 $1,481,309 Transmission 314,413 314,413 314,413 Distribution 843,228 843,228 843,228 General 117,185 117,185 114,113 Construction Work In Progress 64,073 64,073 64,073 Total Electric Utility Plant 2,820,208 $0 2,820,208 2,817,136 Accumulated Depreciation (953,170) (953,170) (951,261) Net Electric Utility Plant 1,867,038 0 1,867,038 1,865,875 Other Property and Investments 25,950 8 (4,450) 30,400 27,676 Current Assets: Cash and Cash Equivalents 10,577 10,577 10,367 Accounts Receivable: Customers 52,390 52,390 52,390 Affiliated Companies 4,465 9 (2,663) 7,128 4,488 Miscellaneous 10,059 10,059 10,016 Allowance for Uncollectible Accounts (1,061) (1,061) (1,061) Fuel - at average cost 24,316 24,316 24,316 Materials and Supplies - at average cost 23,519 10 1 23,518 22,638 Accrued Utility Revenues 40,389 40,389 40,389 Prepayments and Other 32,116 32,116 32,062 Total Current Assets 196,770 (2,662) 199,432 195,605 Regulatory Assets 438,005 438,005 437,725 Deferred Charges 66,363 9 175 66,188 66,150 Total $2,594,126 ($6,937) $2,601,063 $2,593,031 See Note to Consolidating Financial Statements on Page C-1.
COLUMBUS SOUTHERN POWER COMPANY AND SUBSID CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
COLM CCPC SIMCo ASSETS Electric Utility Plant: Production Transmission Distribution General $1,404 $1,668 Construction Work In Progress Total Electric Utility Plant $0 1,404 1,668 Accumulated Depreciation (953) (956) Net Electric Utility Plant 0 451 712 Other Property and Investments 2,715 9 Current Assets: Cash and Cash Equivalents 66 18 126 Accounts Receivable: Customers Affiliated Companies 1 2,601 38 Miscellaneous 43 Allowance for Uncollectible Accounts Fuel - at average cost Materials and Supplies - at average cost 880 Accrued Utility Revenues Prepayments and Other 54 Total Current Assets 110 3,553 164 Regulatory Assets 280 Deferred Charges 38 Total $2,825 $4,331 $876 See Note to Consolidating Financial Statements on Page C-1.
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS I&M ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL I&M ASSETS Electric Utility Plant: Production $2,507,667 $2,507,667 $2,507,667 Transmission 867,541 867,541 867,541 Distribution 666,810 666,810 666,810 General (including nuclear fuel) 186,959 186,959 186,959 Construction Work In Progress 90,587 90,587 90,587 Total Electric Utility Plant 4,319,564 $0 4,319,564 4,319,564 Accumulated Depreciation and Amortization (1,751,965) (1,751,965) (1,751,965) Net Electric Utility Plant 2,567,599 0 2,567,599 2,567,599 Other Property and Investments 584,613 11 (88,150) 672,763 585,885 Current Assets: Cash and Cash Equivalents 13,723 13,723 6,386 Accounts Receivable: Customers 82,434 82,434 82,434 Affiliated Companies 21,881 12 (525) 22,406 21,881 Miscellaneous 11,450 11,450 5,433 Allowance for Uncollectible Accounts (334) (334) (334) Fuel - at average cost 29,093 29,093 29,093 Materials and Supplies - at average cost 72,861 72,861 72,861 Accrued Utility Revenues 43,937 43,937 43,937 Prepayments and Other 10,191 10,191 10,138 Total Current Assets 285,236 (525) 285,761 271,829 Regulatory Assets 458,525 458,525 447,084 Deferred Charges 32,364 12 (57) 32,421 32,421 Total $3,928,337 ($88,732) $4,017,069 $3,904,818 See Note to Consolidating Financial Statements on Page C-1.
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
BHCCo PRCCo ASSETS Electric Utility Plant: Production Transmission Distribution General (including nuclear fuel) Construction Work In Progress Total Electric Utility Plant $0 $0 Accumulated Depreciation and Amortization Net Electric Utility Plant 0 0 Other Property and Investments 86,878 Current Assets: Cash and Cash Equivalents 7,337 Accounts Receivable: Customers Affiliated Companies 504 21 Miscellaneous 6,017 Allowance for Uncollectible Accounts Fuel - at average cost Materials and Supplies - at average cost Accrued Utility Revenues Prepayments and Other 53 Total Current Assets 13,911 21 Regulatory Assets 11,441 Deferred Charges Total $112,230 $21 See Note to Consolidating Financial Statements on Page C-1.
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS OPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo ASSETS Electric Utility Plant: Production $2,534,893 $2,534,893 $2,534,893 Transmission 798,854 798,854 798,854 Distribution 833,944 833,944 833,944 General (including mining assets) 688,253 688,253 179,440 Construction Work In Progress 59,278 16 $1 59,277 58,520 Total Electric Utility Plant 4,915,222 1 4,915,221 4,405,651 Accumulated Depreciation and Amortization (2,091,148) 16 (1) (2,091,147) (1,829,498) Net Electric Utility Plant 2,824,074 0 2,824,074 2,576,153 Other Property and Investments 107,510 13,16 (168,709) 276,219 212,351 Current Assets: Cash and Cash Equivalents 44,000 44,000 4,755 Accounts Receivable: Customers 125,710 125,710 125,710 Affiliated Companies 48,193 14 (7,275) 55,468 43,268 Miscellaneous 26,814 26,814 8,808 Allowance for Uncollectible Accounts (1,424) (1,424) (1,424) Fuel - at average cost 126,952 126,952 124,577 Materials and Supplies - at average cost 80,468 16 (1) 80,469 56,581 Accrued Utility Revenues 40,100 40,100 40,100 Prepayments and Other 42,286 42,286 39,393 Total Current Assets 533,099 (7,276) 540,375 441,768 Regulatory Assets 562,329 16 1 562,328 491,659 Deferred Charges 129,552 14,15,16 129 129,423 124,425 Total $4,156,564 ($175,855) $4,332,419 $3,846,356 See Note to Consolidating Financial Statements on Page C-1.
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
COCCo SOCCo WCCo ASSETS Electric Utility Plant: Production Transmission Distribution General (including mining assets) $74,891 $368,360 $65,562 Construction Work In Progress 2 634 121 Total Electric Utility Plant 74,893 368,994 65,683 Accumulated Depreciation and Amortization (48,885) (182,448) (30,316) Net Electric Utility Plant 26,008 186,546 35,367 Other Property and Investments 60 63,790 18 Current Assets: Cash and Cash Equivalents 12,697 26,535 13 Accounts Receivable: Customers Affiliated Companies 1,746 4,649 5,805 Miscellaneous 390 17,081 535 Allowance for Uncollectible Accounts Fuel - at average cost 234 2,044 97 Materials and Supplies - at average cost 9,237 10,800 3,851 Accrued Utility Revenues Prepayments and Other 1,082 1,571 240 Total Current Assets 25,386 62,680 10,541 Regulatory Assets 2,758 69,598 (1,687) Deferred Charges 300 4,345 353 Total $54,512 $386,959 $44,592 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS AEP ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $1,271,627 1 ($738,724) $2,010,351 $1,271,627 Paid-in Capital 1,658,524 1 (2,456,742) 4,115,266 1,658,524 Retained Earnings 1,409,645 1,3 (1,121,123) 2,530,768 1,409,645 Total Common Shareholders' Equity 4,339,796 (4,316,589) 8,656,385 4,339,796 Cumulative Preferred Stocks of Subsidiaries: Not Subject to Mandatory Redemption 148,240 148,240 Subject to Mandatory Redemption 515,085 515,085 Long-term Debt 4,920,329 1 (1,100) 4,921,429 Total Capitalization 9,923,450 (4,317,689) 14,241,139 4,339,796 Other Noncurrent Liabilities 884,707 4 (5,622) 890,329 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 144,597 144,597 Short-term Debt 365,125 365,125 49,650 Accounts Payable: General 220,142 2 10,587 209,555 Affiliated Companies 0 2 (176,251) 176,251 94 Taxes Accrued 420,192 5 1 420,191 Interest Accrued 80,848 5 (1) 80,849 25 Obligations Under Capital Leases 89,692 5 (2) 89,694 Other 304,466 2,5 (1,271) 305,737 335 Total Current Liabilities 1,625,062 (166,937) 1,791,999 50,104 Deferred Income Taxes 2,656,651 3 8,284 2,648,367 (58) Deferred Investment Tax Credits 430,041 3,5 (24,047) 454,088 Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 249,875 249,875 Deferred Credits 132,515 132,515 10 Total $15,902,301 ($4,506,011) $20,408,312 $4,389,852 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
APCo CSPCo I&M CONSOLIDATED CONSOLIDATED CONSOLIDATED KEPCo KGPCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $260,458 $41,026 56,584 $50,450 $4,100 Paid-in Capital 525,051 574,427 731,102 78,750 7,800 Retained Earnings 199,021 74,320 235,107 91,381 7,068 Total Common Shareholders' Equity 984,530 689,773 1,022,793 220,581 18,968 Cumulative Preferred Stocks of Subsidiaries: Not Subject to Mandatory Redemption 55,000 52,000 Subject to Mandatory Redemption 190,085 75,000 135,000 Long-term Debt 1,278,433 990,796 1,034,048 263,089 25,000 Total Capitalization 2,508,048 1,755,569 2,243,841 483,670 43,968 Other Noncurrent Liabilities 102,178 34,571 453,495 15,031 6,820 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 7,401 7,500 6,053 29,436 Short-term Debt 125,525 34,325 89,975 27,050 2,100 Accounts Payable: General 36,424 31,276 37,744 11,608 161 Affiliated Companies 45,800 20,753 22,962 10,158 6,159 Taxes Accrued 48,666 120,093 71,696 7,972 967 Interest Accrued 19,057 17,016 16,158 5,853 584 Obligations Under Capital Leases 12,198 4,835 31,776 2,355 199 Other 77,366 26,120 74,463 14,632 2,051 Total Current Liabilities 372,437 261,918 350,827 109,064 12,221 Deferred Income Taxes 656,006 464,413 612,147 145,005 7,830 Deferred Investment Tax Credits 89,682 61,010 155,202 18,397 1,175 Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 99,832 Deferred Credits 7,027 16,645 12,993 1,031 197 Total $3,735,378 $2,594,126 $3,928,337 $772,198 $72,211 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
APCo CSPCo I&M CONSOLIDATED CONSOLIDATED CONSOLIDATED KEPCo KGPCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $260,458 $41,026 56,584 $50,450 $4,100 Paid-in Capital 525,051 574,427 731,102 78,750 7,800 Retained Earnings 199,021 74,320 235,107 91,381 7,068 Total Common Shareholders' Equity 984,530 689,773 1,022,793 220,581 18,968 Cumulative Preferred Stocks of Subsidiaries: Not Subject to Mandatory Redemption 55,000 52,000 Subject to Mandatory Redemption 190,085 75,000 135,000 Long-term Debt 1,278,433 990,796 1,034,048 263,089 25,000 Total Capitalization 2,508,048 1,755,569 2,243,841 483,670 43,968 Other Noncurrent Liabilities 102,178 34,571 453,495 15,031 6,820 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 7,401 7,500 6,053 29,436 Short-term Debt 125,525 34,325 89,975 27,050 2,100 Accounts Payable: General 36,424 31,276 37,744 11,608 161 Affiliated Companies 45,800 20,753 22,962 10,158 6,159 Taxes Accrued 48,666 120,093 71,696 7,972 967 Interest Accrued 19,057 17,016 16,158 5,853 584 Obligations Under Capital Leases 12,198 4,835 31,776 2,355 199 Other 77,366 26,120 74,463 14,632 2,051 Total Current Liabilities 372,437 261,918 350,827 109,064 12,221 Deferred Income Taxes 656,006 464,413 612,147 145,005 7,830 Deferred Investment Tax Credits 89,682 61,010 155,202 18,397 1,175 Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 99,832 Deferred Credits 7,027 16,645 12,993 1,031 197 Total $3,735,378 $2,594,126 $3,928,337 $772,198 $72,211 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
OPCo CONSOLIDATED WPCo AEPENS AEGCo AEPINV AEPRES CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $321,201 $2,428 $110 $1,000 Paid-in Capital 459,474 12,596 3,890 47,735 $14,084 $510 Retained Earnings 518,029 6,569 (3,674) 1,955 (8,401) (347) Total Common Shareholders' Equity 1,298,704 21,593 326 50,690 5,683 163 Cumulative Preferred Stocks of Subsidiaries: Not Subject to Mandatory Redemption 41,240 Subject to Mandatory Redemption 115,000 Long-term Debt 1,138,425 26,000 89,538 Total Capitalization 2,593,369 47,593 326 140,228 5,683 163 Other Noncurrent Liabilities 214,726 4,836 1,830 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 89,207 Short-term Debt 9,400 5,375 21,725 Accounts Payable: General 74,360 395 135 4,669 Affiliated Companies 28,220 5,583 670 1,895 78 Taxes Accrued 161,430 2,804 (228) 2,997 (1) (32) Interest Accrued 20,807 590 370 Obligations Under Capital Leases 25,172 579 465 Other 80,507 1,742 82 8,636 Total Current Liabilities 489,103 17,068 659 40,757 (1) 46 Deferred Income Taxes 731,959 16,267 (724) 15,824 (4,485) Deferred Investment Tax Credits 49,860 661 76,949 Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 150,043 Deferred Credits 77,547 7 1,389 201 12,540 Total $4,156,564 $86,432 $1,650 $425,832 $13,737 $209 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET DECEMBER 31, 1995 (in thousands)
AEPRI AEPSC CCCo COpCo FRECo IFRI CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $1,350 $3 $3 $10 $1 Paid-in Capital $115 1,205 3 Retained Earnings (97) 172 20 Total Common Shareholders' Equity 18 1,350 1,208 178 30 1 Cumulative Preferred Stocks of Subsidiaries: Not Subject to Mandatory Redemption Subject to Mandatory Redemption Long-term Debt 76,100 Total Capitalization 18 77,450 1,208 178 30 1 Other Noncurrent Liabilities 53,776 114 2,952 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 5,000 Short-term Debt Accounts Payable: General 12,498 285 Affiliated Companies 33,812 12 55 Taxes Accrued 3,807 20 Interest Accrued 389 Obligations Under Capital Leases 12,115 Other 18,081 19 1,703 Total Current Liabilities 0 85,702 31 2,063 0 0 Deferred Income Taxes 6,657 (517) (1,957) Deferred Investment Tax Credits 1,152 Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 Deferred Credits 2,863 65 Total $18 $227,600 $901 $3,236 $30 $1 See Note to Consolidating Financial Statements on Page C-1.
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS APCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $260,458 6 ($210) $260,668 $260,458 Paid-in Capital 525,051 6 (19,895) 544,946 525,051 Retained Earnings 199,021 6 8,342 190,679 199,021 Total Common Shareholders' Equity 984,530 (11,763) 996,293 984,530 Cumulative Preferred Stock: Not Subject to Mandatory Redemption 55,000 55,000 55,000 Subject to Mandatory Redemption 190,085 190,085 190,085 Long-term Debt 1,278,433 1,278,433 1,278,433 Total Capitalization 2,508,048 (11,763) 2,519,811 2,508,048 Other Noncurrent Liabilities 102,178 102,178 94,027 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 7,401 7,401 7,401 Short-term Debt 125,525 125,525 125,525 Accounts Payable: General 36,424 36,424 36,417 Affiliated Companies 45,800 7 (7,298) 53,098 52,459 Taxes Accrued 48,666 48,666 48,499 Interest Accrued 19,057 19,057 19,057 Obligations Under Capital Leases 12,198 12,198 12,198 Other 77,366 77,366 76,653 Total Current Liabilities 372,437 (7,298) 379,735 378,209 Deferred Income Taxes 656,006 656,006 660,807 Deferred Investment Tax Credits 89,682 89,682 89,682 Deferred Credits 7,027 7,027 3,671 Total $3,735,378 ($19,061) $3,754,439 $3,734,444 See Note to Consolidating Financial Statements on Page C-1.
APPALACHIAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
CeCCo CACCo SACCo WVPCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $200 $3 $7 Paid-in Capital 6,168 450 13,082 $195 Retained Earnings (3,713) (390) (4,272) 33 Total Common Shareholders' Equity 2,655 63 8,817 228 Cumulative Preferred Stock: Not Subject to Mandatory Redemption Subject to Mandatory Redemption Long-term Debt Total Capitalization 2,655 63 8,817 228 Other Noncurrent Liabilities 4,787 2,636 728 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year Short-term Debt Accounts Payable: General 7 Affiliated Companies 303 262 74 Taxes Accrued 109 7 52 (1) Interest Accrued Obligations Under Capital Leases Other 416 238 59 Total Current Liabilities 835 507 185 (1) Deferred Income Taxes (1,909) (1,355) (1,537) Deferred Investment Tax Credits Deferred Credits 1,800 24 1,532 Total $8,168 $1,875 $9,725 $227 See Note to Consolidating Financial Statements on Page C-1.
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS CSPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $41,026 8 ($1,609) $42,635 $41,026 Paid-in Capital 574,427 8 (770) 575,197 574,427 Retained Earnings 74,320 8 (2,071) 76,391 74,320 Total Common Shareholders' Equity 689,773 (4,450) 694,223 689,773 Cumulative Preferred Stock - Subject to Mandatory Redemption 75,000 75,000 75,000 Long-term Debt 990,796 990,796 990,796 Total Capitalization 1,755,569 (4,450) 1,760,019 1,755,569 Other Noncurrent Liabilities 34,571 34,571 33,650 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 7,500 7,500 7,500 Short-term Debt 34,325 34,325 34,325 Accounts Payable: General 31,276 31,276 31,068 Affiliated Companies 20,753 9,10 (2,487) 23,240 23,072 Taxes Accrued 120,093 120,093 120,091 Interest Accrued 17,016 17,016 17,016 Obligations Under Capital Leases 4,835 4,835 4,737 Other 26,120 26,120 25,067 Total Current Liabilities 261,918 (2,487) 264,405 262,876 Deferred Income Taxes 464,413 464,413 464,918 Deferred Investment Tax Credits 61,010 61,010 60,961 Deferred Credits 16,645 16,645 15,057 Total $2,594,126 ($6,937) $2,601,063 $2,593,031 See Note to Consolidating Financial Statements on Page C-1.
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
COLM CCPC SIMCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $1,500 $100 $9 Paid-in Capital 30 400 340 Retained Earnings 1,230 680 161 Total Common Shareholders' Equity 2,760 1,180 510 Cumulative Preferred Stock - Subject to Mandatory Redemption Long-term Debt Total Capitalization 2,760 1,180 510 Other Noncurrent Liabilities 921 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year Short-term Debt Accounts Payable: General 208 Affiliated Companies 28 134 6 Taxes Accrued 19 (14) (3) Interest Accrued Obligations Under Capital Leases 98 Other 1,053 Total Current Liabilities 47 1,479 3 Deferred Income Taxes (669) 164 Deferred Investment Tax Credits 49 Deferred Credits 18 1,420 150 Total $2,825 $4,331 $876 See Note to Consolidating Financial Statements on Page C-1.
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995
JOURNAL ELIMINATIONS I&M ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL I&M CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $56,584 11 ($39,548) $96,132 $56,584 Paid-in Capital 731,102 11 (1,303) 732,405 731,102 Retained Earnings 235,107 11 (13,299) 248,406 235,107 Total Common Shareholders' Equity 1,022,793 (54,150) 1,076,943 1,022,793 Cumulative Preferred Stock: Not Subject to Mandatory Redemption 52,000 52,000 52,000 Subject to Mandatory Redemption 135,000 135,000 135,000 Long-term Debt 1,034,048 11 (34,000) 1,068,048 1,034,048 Total Capitalization 2,243,841 (88,150) 2,331,991 2,243,841 Other Noncurrent Liabilities 453,495 453,495 453,220 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 6,053 6,053 6,053 Short-term Debt 89,975 89,975 89,975 Accounts Payable: General 37,744 37,744 37,744 Affiliated Companies 22,962 12 (561) 23,523 23,502 Taxes Accrued 71,696 71,696 60,895 Interest Accrued 16,158 16,158 16,158 Obligations Under Capital Leases 31,776 31,776 31,776 Other 74,463 74,463 74,463 Total Current Liabilities 350,827 (561) 351,388 340,566 Deferred Income Taxes 612,147 612,147 605,340 Deferred Investment Tax Credits 155,202 155,202 155,202 Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 99,832 99,832 99,832 Deferred Credits 12,993 12 (21) 13,014 6,817 Total $3,928,337 ($88,732) $4,017,069 $3,904,818 See Note to Consolidating Financial Statements on Page C-1.
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARY COMP CONSOLIDATING BALANCE SHEET December 31, 1995
BHCCo PRCCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $39,521 $27 Paid-in Capital 1,303 Retained Earnings 13,299 Total Common Shareholders' Equity 54,123 27 Cumulative Preferred Stock: Not Subject to Mandatory Redemption Subject to Mandatory Redemption Long-term Debt 34,000 Total Capitalization 88,123 27 Other Noncurrent Liabilities 275 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year Short-term Debt Accounts Payable: General Affiliated Companies 21 Taxes Accrued 10,806 (5) Interest Accrued Obligations Under Capital Leases Other Total Current Liabilities 10,827 (5) Deferred Income Taxes 6,808 (1) Deferred Investment Tax Credits Deferred Gain on Sale and Leaseback - Rockport Plant Unit 2 Deferred Credits 6,197 Total $112,230 $21 See Note to Consolidating Financial Statements on Page C-1.
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS OPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $321,201 13 ($7,311) $328,512 $321,201 Paid-in Capital 459,474 13 (136,228) 595,702 459,474 Retained Earnings 518,029 13 (23,444) 541,473 518,029 Total Common Shareholders' Equity 1,298,704 (166,983) 1,465,687 1,298,704 Cumulative Preferred Stock: Not Subject to Mandatory Redemption 41,240 41,240 41,240 Subject to Mandatory Redemption 115,000 115,000 115,000 Long-term Debt 1,138,425 13 (1,725) 1,140,150 1,048,074 Total Capitalization 2,593,369 (168,708) 2,762,077 2,503,018 Other Noncurrent Liabilities 214,726 214,726 110,423 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 89,207 89,207 80,214 Short-term Debt 9,400 9,400 9,400 Accounts Payable: General 74,360 74,360 63,138 Affiliated Companies 28,220 14 (7,123) 35,343 32,929 Taxes Accrued 161,430 161,430 161,145 Interest Accrued 20,807 15 (1) 20,808 18,742 Obligations Under Capital Leases 25,172 16 2 25,170 10,010 Other 80,507 14,16 (25) 80,532 52,896 Total Current Liabilities 489,103 (7,147) 496,250 428,474 Deferred Income Taxes 731,959 731,959 684,610 Deferred Investment Tax Credits 49,860 49,860 49,860 Deferred Credits 77,547 77,547 69,971 Total $4,156,564 ($175,855) $4,332,419 $3,846,356 See Note to Consolidating Financial Statements on Page C-1.
OHIO POWER COMPANY AND SUBSIDIARY COMPANIES CONSOLIDATING BALANCE SHEET December 31, 1995 (in thousands)
COCCo SOCCo WCCo CAPITALIZATION AND LIABILITIES Capitalization: Common Stock $6,900 $5 $406 Paid-in Capital 13,069 112,689 10,470 Retained Earnings 23,199 245 Total Common Shareholders' Equity 19,969 135,893 11,121 Cumulative Preferred Stock: Not Subject to Mandatory Redemption Subject to Mandatory Redemption Long-term Debt 1,890 81,681 8,505 Total Capitalization 21,859 217,574 19,626 Other Noncurrent Liabilities 29,553 62,035 12,715 Current Liabilities: Preferred Stock and Long-term Debt Due Within One Year 104 8,319 570 Short-term Debt Accounts Payable: General 803 7,800 2,619 Affiliated Companies 420 1,523 471 Taxes Accrued (384) 406 263 Interest Accrued 2,065 1 Obligations Under Capital Leases 3,379 10,816 965 Other 8,576 15,436 3,624 Total Current Liabilities 12,898 46,365 8,513 Deferred Income Taxes (15,896) 59,746 3,499 Deferred Investment Tax Credits Deferred Credits 6,098 1,239 239 Total $54,512 $386,959 $44,592 See Note to Consolidating Financial Statements on Page C-1.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS AEP ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPERATING ACTIVITIES: Net Income (Loss) $529,903 1,2,7 ($593,390) $1,123,293 Adjustments for Noncash Items: Depreciation and Amortization 578,003 7 1 578,002 Deferred Federal Income Taxes 11,916 3,7 216 11,700 Deferred Investment Tax Credits (25,819) 1 1,025 (26,844) Equity in Undistributed Earnings of Affiliated Companies 0 1 70,493 (70,493) Deferred Operating Expenses and Carrying Charges (net of amortization) 53,479 7 1 53,478 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (71,804) 5,7 7,563 (79,367) Fuel, Materials and Supplies 457 7 1 456 Accrued Utility Revenues (40,433) 7 (1) (40,432) Accounts Payable (31,044) 5,7 (6,809) (24,235) Taxes Accrued 37,515 7 (1) 37,516 Other (net) 14,437 2-5,7 52 14,385 Net Cash Flows From (Used For) Operating Activities 1,056,610 (520,849) 1,577,459 INVESTING ACTIVITIES: Construction Expenditures (605,974) 4,7 2,737 (608,711) Proceeds from Sales of Property and Other 20,567 4 (3,157) 23,724 Investment in Subsidiaries 0 6 60,084 (60,084) Net Cash Flows Used For Investing Activities (585,407) 59,664 (645,071) FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company 0 6 (60,084) 60,084 Issuance of Common Stock 48,707 48,707 Issuance of Long-term Debt 523,476 523,476 Change in Short-term Debt (net) 48,140 48,140 Retirement of Cumulative Preferred Stock (158,839) 7 1 (158,840) Retirement of Long-term Debt (469,767) (469,767) Dividends Paid on Common Stock (445,831) 1 467,100 (912,931) Dividends Paid on Cumulative Preferred Stock 0 2 55,112 (55,112) Net Cash Flows From (Used For) Financing Activities (454,114) 462,129 (916,243) Net Increase (Decrease) in Cash and Cash Equivalents 17,089 5 944 16,145 Cash and Cash Equivalents January 1 62,866 5 231 62,635 Cash and Cash Equivalents December 31 $79,955 5 $1,175 $78,780 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $395,169 7 $1 $395,168 Income Taxes Paid (Received) $273,671 7 $2 $273,669 Noncash Acquisitions Under Capital Leases $106,256 $106,256 See Note to Consolidating Financial Statements on Page C-1
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
APCo CSPCo I&M AEP CONSOLIDATED CONSOLIDATED CONSOLIDATED OPERATING ACTIVITIES: Net Income (Loss) $529,903 $115,900 $110,616 $141,092 Adjustments for Noncash Items: Depreciation and Amortization 134,485 85,071 148,441 Deferred Federal Income Taxes 647 2,914 (23,564) Deferred Investment Tax Credits (5,465) (3,483) (9,004) Equity in Undistributed Earnings of Affiliated Companies (70,586) Deferred Operating Expenses and Carrying Charges (net of amortization) 29,150 24,328 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) 85 (16,896) (11,916) 4,121 Fuel, Materials and Supplies (9,761) 5,148 (6,255) Accrued Utility Revenues (13,392) (8,794) (3,355) Accounts Payable 12 (11,488) 3,038 (2,431) Taxes Accrued 14,043 6,731 8,075 Other (net) (13) 39,827 (11,896) (41,832) Net Cash Flows From (Used For) Operating Activities 459,401 247,900 206,579 239,616 INVESTING ACTIVITIES: Construction Expenditures (216,200) (98,356) (117,785) Proceeds from Sales of Property and Other 7,793 2,923 9,325 Investment in Subsidiaries (59,974) Net Cash Flows Used For Investing Activities (59,974) (208,407) (95,433) (108,460) FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company 30,000 15,000 Issuance of Common Stock 48,707 Issuance of Long-term Debt 128,785 72,526 96,819 Change in Short-term Debt (net) (2,350) 2,700 34,325 39,375 Retirement of Cumulative Preferred Stock (150) (71,773) Retirement of Long-term Debt (74,950) (80,000) (141,122) Dividends Paid on Common Stock (445,831) (106,836) (71,900) (110,852) Dividends Paid on Cumulative Preferred Stock (15,675) (12,812) (11,560) Net Cash Flows From (Used For) Financing Activities (399,474) (36,126) (114,634) (127,340) Net Increase (Decrease) in Cash and Cash Equivalents (47) 3,367 (3,488) 3,816 Cash and Cash Equivalents January 1 177 5,297 14,065 9,907 Cash and Cash Equivalents December 31 $130 $8,664 $10,577 $13,723 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $2,607 $102,145 $78,046 $71,457 Income Taxes Paid (Received) $186 $59,412 $57,896 $88,675 Noncash Acquisitions Under Capital Leases $16,209 $9,094 $32,073 See Note to Consolidating Financial Statements on Page C-1
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
OPCo KEPCo KGPCo CONSOLIDATED WPCo AEPENS OPERATING ACTIVITIES: Net Income (Loss) $25,128 $2,034 $189,447 $2,869 ($1,811) Adjustments for Noncash Items: Depreciation and Amortization 24,507 2,280 154,915 2,614 Deferred Federal Income Taxes (2,380) 64 29,573 (521) (724) Deferred Investment Tax Credits (1,478) (72) (3,570) (43) Equity in Undistributed Earnings of Affiliated Companies Deferred Operating Expenses and Carrying Charges (net of amortization) Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (8,467) (2,887) (41,631) 404 (998) Fuel, Materials and Supplies 5,343 (45) 7,451 (132) Accrued Utility Revenues (4,372) 859 (11,325) (53) Accounts Payable 2,346 50 (19,852) 285 393 Taxes Accrued 1,716 288 4,905 1,314 (106) Other (net) (554) 2,352 32,540 2,339 1,746 Net Cash Flows From (Used For) Operating Activities 41,789 4,923 342,453 9,076 (1,500) INVESTING ACTIVITIES: Construction Expenditures (39,264) (6,959) (122,132) (3,998) Proceeds from Sales of Property and Other 4,241 357 Investment in Subsidiaries Net Cash Flows Used For Investing Activities (39,264) (6,959) (117,891) (3,641) 0 FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company 10,000 2,000 1,500 Issuance of Common Stock Issuance of Long-term Debt 38,647 5,000 82,331 11,000 Change in Short-term Debt (net) (28,100) (1,175) (7,835) (3,325) Retirement of Cumulative Preferred Stock (86,917) Retirement of Long-term Debt (2,000) (44,348) (11,000) Dividends Paid on Common Stock (22,920) (1,848) (139,428) (2,316) Dividends Paid on Cumulative Preferred Stock (15,065) Net Cash Flows From (Used For) Financing Activities (2,373) 1,977 (211,262) (5,641) 1,500 Net Increase (Decrease) in Cash and Cash Equivalents 152 (59) 13,300 (206) 0 Cash and Cash Equivalents January 1 879 564 30,700 452 215 Cash and Cash Equivalents December 31 $1,031 $505 $44,000 $246 $215 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $23,581 $2,871 $93,126 $2,765 $4 Income Taxes Paid (Received) $6,453 $593 $65,629 $1,729 ($136) Noncash Acquisitions Under Capital Leases $3,651 $320 $31,799 $901 See Note to Consolidating Financial Statements on Page C-1
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
AEGCo AEPINV AEPRES AEPRI AEPSC CCCo COpCo OPERATING ACTIVITIES: Net Income (Loss) $8,687 ($191) ($288) ($93) Adjustments for Noncash Items: Depreciation and Amortization 21,674 4,015 Deferred Federal Income Taxes 6,947 (96) (930) (12) (218) Deferred Investment Tax Credits (3,522) (207) Equity in Undistributed Earnings of Affiliated Companies 93 Deferred Operating Expenses and Carrying Charges (net of amortization) Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) 840 (1) (1,831) 57 (246) Fuel, Materials and Supplies (1,293) Accrued Utility Revenues Accounts Payable (155) (25) 70 4,153 5 (626) Taxes Accrued (651) 1 (35) 992 (2) 245 Other (net) (8,784) (235) 1 (1,408) (13) 315 Net Cash Flows From (Used For) Operating Activities 23,743 (546) (160) (93) 4,784 35 (530) INVESTING ACTIVITIES: Construction Expenditures (4,017) Proceeds from Sales of Property and Other (915) Investment in Subsidiaries (110) Net Cash Flows Used For Investing Activities (4,017) (915) (110) 0 0 0 0 FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company 1,474 110 Issuance of Common Stock Issuance of Long-term Debt 88,368 Change in Short-term Debt (net) 14,525 Retirement of Cumulative Preferred Stock Retirement of Long-term Debt (111,347) (5,000) Dividends Paid on Common Stock (11,000) Dividends Paid on Cumulative Preferred Stock Net Cash Flows From (Used For) Financing Activities (19,454) 1,474 0 110 (5,000) 0 0 Net Increase (Decrease) in Cash and Cash Equivalents 272 13 (270) 17 (216) 35 (530) Cash and Cash Equivalents January 1 (2,780) 34 460 1 623 20 1,982 Cash and Cash Equivalents December 31 ($2,508) $47 $190 $18 $407 $55 $1,452 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $10,234 $8,332 Income Taxes Paid (Received) ($3,516) $21 ($68) ($3,293) $11 $77 Noncash Acquisitions Under Capital Leases $391 $11,818 See Note to Consolidating Financial Statements on Page C-1
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
FRECo IFRI (C> OPERATING ACTIVITIES: Net Income (Loss) Adjustments for Noncash Items: Depreciation and Amortization Deferred Federal Income Taxes Deferred Investment Tax Credits Equity in Undistributed Earnings of Affiliated Companies Deferred Operating Expenses and Carrying Charges (net of amortization) Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (1) Fuel, Materials and Supplies Accrued Utility Revenues Accounts Payable (10) Taxes Accrued Other (net) Net Cash Flows From (Used For) Operating Activities (10) (1) INVESTING ACTIVITIES: Construction Expenditures Proceeds from Sales of Property and Other Investment in Subsidiaries Net Cash Flows Used For Investing Activities 0 0 FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company Issuance of Common Stock Issuance of Long-term Debt Change in Short-term Debt (net) Retirement of Cumulative Preferred Stock Retirement of Long-term Debt Dividends Paid on Common Stock Dividends Paid on Cumulative Preferred Stock Net Cash Flows From (Used For) Financing Activities 0 0 Net Increase (Decrease) in Cash and Cash Equivalents (10) (1) Cash and Cash Equivalents January 1 38 1 Cash and Cash Equivalents December 31 $28 $0 Supplemental Disclosure: Interest Paid (net of capitalized amounts) Income Taxes Paid (Received) Noncash Acquisitions Under Capital Leases See Note to Consolidating Financial Statements on Page C-1
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS APCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPERATING ACTIVITIES: Net Income (Loss) $115,900 8 $5,837 $110,063 Adjustments for Noncash Items: Depreciation and Amortization 134,485 12 (1) 134,486 Deferred Federal Income Taxes 647 647 Deferred Investment Tax Credits (5,465) (5,465) Equity in Undistributed Earnings of Affiliated Companies 0 8 (5,837) 5,837 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (16,896) 9,12 1,894 (18,790) Fuel, Materials and Supplies (9,761) (9,761) Accrued Utility Revenues (13,392) (13,392) Accounts Payable (11,488) 9,12 (2,213) (9,275) Taxes Accrued 14,043 12 1 14,042 Other (net) 39,827 9,11,12 7,202 32,625 Net Cash Flows From (Used For) Operating Activities 247,900 6,883 241,017 INVESTING ACTIVITIES: Construction Expenditures (216,200) (216,200) Proceeds from Sales of Property and Other 7,793 11 (6,883) 14,676 Investment in Subsidiaries 0 10 (3,250) 3,250 Net Cash Flows From (Used For) Investing Activities (208,407) (10,133) (198,274) FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent 30,000 10 3,250 26,750 Issuance of Long-term Debt 128,785 128,785 Change in Short-term Debt (net) 2,700 2,700 Retirement of Cumulative Preferred Stock (150) (150) Retirement of Long-term Debt (74,950) (74,950) Dividends Paid on Common Stock (106,836) (106,836) Dividends Paid on Cumulative Preferred Stock (15,675) (15,675) Net Cash Flows From (Used For) Financing Activities (36,126) 3,250 (39,376) Net Increase (Decrease) in Cash and Cash Equivalents 3,367 0 3,367 Cash and Cash Equivalents January 1 5,297 5,297 Cash and Cash Equivalents December 31 $8,664 $0 $8,664 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $102,145 $102,145 Income Taxes Paid $59,412 $59,412 Noncash Acquisitions Under Capital Leases $16,209 $16,209 See Note to Consolidating Financial Statements on Page C-1
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
APCo CeCCo CACCo SACCo WVPCo OPERATING ACTIVITIES: Net Income (Loss) $115,900 ($542) ($28) ($5,271) $4 Adjustments for Noncash Items: Depreciation and Amortization 133,364 77 1,045 Deferred Federal Income Taxes 3,398 (487) (311) (1,953) Deferred Investment Tax Credits (5,465) Equity in Undistributed Earnings of Affiliated Companies 5,837 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (16,668)(1,773) (492) 143 Fuel, Materials and Supplies (9,761) Accrued Utility Revenues (13,392) Accounts Payable (9,898) 300 262 61 Taxes Accrued 13,663 287 23 69 Other (net) 29,534 2,242 1,023 (173) (1) Net Cash Flows From (Used For) Operating Activities 246,512 104 477 (6,079) 3 INVESTING ACTIVITIES: Construction Expenditures (216,200) Proceeds from Sales of Property and Other 5,367 9,309 Investment in Subsidiaries 3,250 Net Cash Flows From (Used For) Investing Activities (207,583) 0 0 9,309 0 FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent 30,000 (250) (3,000) Issuance of Long-term Debt 128,785 Change in Short-term Debt (net) 2,700 Retirement of Cumulative Preferred Stock (150) Retirement of Long-term Debt (74,950) Dividends Paid on Common Stock (106,836) Dividends Paid on Cumulative Preferred Stock (15,675) Net Cash Flows From (Used For) Financing Activities (36,126) (250) 0 (3,000) 0 Net Increase (Decrease) in Cash and Cash Equivalents 2,803 (146) 477 230 3 Cash and Cash Equivalents January 1 4,342 322 34 387 212 Cash and Cash Equivalents December 31 $7,145 $176 $511 $617 $215 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $102,145 Income Taxes Paid $57,111 $678 $348 $1,272 $3 Noncash Acquisitions Under Capital Leases $16,209 See Note to Consolidating Financial Statements on Page C-1
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS CSPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPERATING ACTIVITIES: Net Income $110,616 13 ($541) $111,157 Adjustments for Noncash Items: Depreciation and Amortization 85,071 16 (1) 85,072 Deferred Federal Income Taxes 2,914 2,914 Deferred Investment Tax Credits (3,483) (3,483) Equity in Undistributed Earnings of Affiliated Companies 0 13 (158) 158 Deferred Operating Expenses and Carrying Charges (net of amortization) 29,150 29,150 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (11,916) 14 23 (11,939) Fuel, Materials and Supplies 5,148 5,148 Accrued Utility Revenues (8,794) (8,794) Accounts Payable 3,038 14,16 146 2,892 Taxes Accrued 6,731 6,731 Other (net) (11,896) 14 (168) (11,728) Net Cash Flows From (Used For) Operating Activities 206,579 (699) 207,278 INVESTING ACTIVITIES: Construction Expenditures (98,356) (98,356) Proceeds from Sale of Property and Other 2,923 2,923 Investment in Subsidiaries 0 15 (100) 100 Net Cash Flows Used For Investing Activities (95,433) (100) (95,333) FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company 15,000 15 100 14,900 Issuance of Long-term Debt 72,526 72,526 Change in Short-term Debt (net) 34,325 34,325 Retirement of Cumulative Preferred Stock (71,773) (71,773) Retirement of Long-term Debt (80,000) (80,000) Dividends Paid on Common Stock (71,900) 13 699 (72,599) Dividends Paid on Cumulative Preferred Stock (12,812) (12,812) Net Cash Flows Used For Financing Activities (114,634) 799 (115,433) Net Increase (Decrease) in Cash and Cash Equivalents (3,488) 0 (3,488) Cash and Cash Equivalents January 1 14,065 14,065 Cash and Cash Equivalents December 31 $10,577 $0 $10,577 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $78,046 $78,046 Income Taxes Paid $57,896 $57,896 Noncash Acquisitions Under Capital Leases $9,094 $9,094 See Note to Consolidating Financial Statements on Page C-1
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
CSPCo COLM CCPC SIMCo OPERATING ACTIVITIES: Net Income $110,616 $272 $70 $199 Adjustments for Noncash Items: Depreciation and Amortization 84,948 18 106 Deferred Federal Income Taxes 2,887 44 (17) Deferred Investment Tax Credits (3,477) (6) Equity in Undistributed Earnings of Affiliated Companies 158 Deferred Operating Expenses and Carrying Charges (net of amortization) 29,150 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (11,955) 1 8 7 Fuel, Materials and Supplies 5,174 (26) Accrued Utility Revenues (8,794) Accounts Payable 2,940 (28) 12 (32) Taxes Accrued 6,731 (4) (32) 36 Other (net) (11,821) 170 (77) Net Cash Flows From (Used For) Operating Activities 206,557 411 17 293 INVESTING ACTIVITIES: Construction Expenditures (98,290) (39) (27) Proceeds from Sale of Property and Other 2,923 Investment in Subsidiaries 100 Net Cash Flows Used For Investing Activities (95,267) 0 (39) (27) FINANCING ACTIVITIES: Capital Contributions From (Returned to) Parent Company 15,000 (100) Issuance of Long-term Debt 72,526 Change in Short-term Debt (net) 34,325 Retirement of Cumulative Preferred Stock (71,773) Retirement of Long-term Debt (80,000) Dividends Paid on Common Stock (71,900) (500) (199) Dividends Paid on Cumulative Preferred Stock (12,812) Net Cash Flows Used For Financing Activities (114,634) (500) 0 (299) Net Increase (Decrease) in Cash and Cash Equivalents (3,344) (89) (22) (33) Cash and Cash Equivalents January 1 13,711 155 40 159 Cash and Cash Equivalents December 31 $10,367 $66 $18 $126 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $78,046 Income Taxes Paid $57,519 $221 $5 $151 Noncash Acquisitions Under Capital Leases $9,053 $41 See Note to Consolidating Financial Statements on Page C-1
INDIANA MICHIGAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS I&M ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPERATING ACTIVITIES: Net Income (Loss) $141,092 17 ($3,511) $144,603 Adjustments for Noncash Items: Depreciation and Amortization 148,441 148,441 Deferred Federal Income Taxes (23,564) (23,564) Deferred Investment Tax Credits (9,004) (9,004) Equity in Undistributed Earnings of Affiliated Companies 0 17 3,511 (3,511) Deferred Operating Expenses and Carrying Charges (net of amortization) 24,328 24,328 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) 4,121 18 (11) 4,132 Fuel, Materials and Supplies (6,255) (6,255) Accrued Utility Revenues (3,355) (3,355) Accounts Payable (2,431) 18 (46) (2,385) Taxes Accrued 8,075 8,075 Other (net) (41,832) 18 57 (41,889) Net Cash Flows From Operating Activities 239,616 0 239,616 INVESTING ACTIVITIES: Construction Expenditures (117,785) (117,785) Proceeds from Sales of Property and Other 9,325 9,325 Investment in Subsidiaries 0 19 (6,200) 6,200 Net Cash Flows From (Used For) Investing Activities (108,460) (6,200) (102,260) FINANCING ACTIVITIES: Issuance of Long-term Debt 96,819 96,819 Change in Short-term Debt (net) 39,375 39,375 Retirement of Long-term Debt (141,122) 19 6,200 (147,322) Dividends Paid on Common Stock (110,852) (110,852) Dividends Paid on Cumulative Preferred Stock (11,560) (11,560) Net Cash Flows Used For Financing Activities (127,340) 6,200 (133,540) Net Increase (Decrease) in Cash and Cash Equivalents 3,816 3,816 Cash and Cash Equivalents January 1 9,907 9,907 Cash and Cash Equivalents December 31 $13,723 $0 $13,723 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $71,457 $71,457 Income Taxes Paid (Received) $88,675 $88,675 Noncash Acquisitions Under Capital Leases $32,073 $32,073 See Note to Consolidating Financial Statements on Page C-1
INDIANA MICHIGAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
I&M BHCCo PRCCo OPERATING ACTIVITIES: Net Income (Loss) $141,092 $3,511 Adjustments for Noncash Items: Depreciation and Amortization 139,149 9,292 Deferred Federal Income Taxes (13,796) (9,768) Deferred Investment Tax Credits (9,004) Equity in Undistributed Earnings of Affiliated Companies (3,511) Deferred Operating Expenses and Carrying Charges (net of amortization) 24,328 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (4,032) 8,164 Fuel, Materials and Supplies (6,255) Accrued Utility Revenues (3,355) Accounts Payable (2,388) 3 Taxes Accrued (2,749) 10,824 Other (net) (27,655)(14,234) Net Cash Flows From Operating Activities 231,824 7,792 0 INVESTING ACTIVITIES: Construction Expenditures (117,785) Proceeds from Sales of Property and Other 3,625 5,700 Investment in Subsidiaries 6,200 Net Cash Flows From (Used For) Investing Activities (107,960) 5,700 0 FINANCING ACTIVITIES: Issuance of Long-term Debt 96,819 Change in Short-term Debt (net) 39,375 Retirement of Long-term Debt (141,122) (6,200) Dividends Paid on Common Stock (110,852) Dividends Paid on Cumulative Preferred Stock (11,560) Net Cash Flows Used For Financing Activities (127,340) (6,200) 0 Net Increase (Decrease) in Cash and Cash Equivalents (3,476) 7,292 Cash and Cash Equivalents January 1 9,862 45 Cash and Cash Equivalents December 31 $6,386 $7,337 $0 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $71,457 Income Taxes Paid (Received) $84,701 $3,979 ($5) Noncash Acquisitions Under Capital Leases $32,073 See Note to Consolidating Financial Statements on Page C-1
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
JOURNAL ELIMINATIONS OPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPERATING ACTIVITIES: Net Income $189,447 20 ($14,387) $203,834 Adjustments for Noncash Items: Depreciation and Amortization 154,915 22 (1) 154,916 Deferred Federal Income Taxes 29,573 29,573 Deferred Investment Tax Credits (3,570) (3,570) Equity in Undistributed Earnings of Affiliated Companies 0 20 (11,312) 11,312 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (41,631) 21,22 (4,519) (37,112) Fuel, Materials and Supplies 7,451 7,451 Accrued Utility Revenues (11,325) (11,325) Accounts Payable (19,852) 21,22 4,637 (24,489) Taxes Accrued 4,905 4,905 Other (net) 32,540 21,22 (117) 32,657 Net Cash Flows From (Used for) Operating Activities 342,453 (25,699) 368,152 INVESTING ACTIVITIES: Construction Expenditures (122,132) (122,132) Proceeds from Sales of Property and Other 4,241 4,241 Investment in Subsidiaries 0 0 Net Cash Flows From (Used for) Investing Activities (117,891) 0 (117,891) FINANCING ACTIVITIES: Issuance of Long-term Debt 82,331 82,331 Change in Short-term Debt (net) (7,835) 22 (1) (7,834) Retirement of Cumulative Preferred Stock (86,917) (86,917) Retirement of Long-term Debt (44,348) (44,348) Dividends Paid on Common Stock (139,428) 20 25,699 (165,127) Dividends Paid on Cumulative Preferred Stock (15,065) (15,065) Net Cash Flows From (Used For) Financing Activities (211,262) 25,698 (236,960) Net Increase (Decrease) in Cash and Cash Equivalents 13,300 (1) 13,301 Cash and Cash Equivalents January 1 30,700 1 30,699 Cash and Cash Equivalents December 31 $44,000 $0 $44,000 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $93,126 22,23 ($62) $93,188 Income Taxes Paid $65,629 $65,629 Noncash Acquisitions Under Capital Leases $31,799 $31,799 See Note to Consolidating Financial Statements on Page C-1
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF CASH FLOWS Year Ended December 31, 1995 (in thousands)
OPCo COCCo SOCCo WCCo OPERATING ACTIVITIES: Net Income $189,447 $2,656 $10,368 $1,363 Adjustments for Noncash Items: Depreciation and Amortization 135,883 3,315 13,294 2,424 Deferred Federal Income Taxes 33,447 1,312 (3,312) (1,874) Deferred Investment Tax Credits (3,570) Equity in Undistributed Earnings of Affiliated Companies 11,312 Changes in Certain Current Assets and Liabilities: Accounts Receivable (net) (34,764) (391) 3,413 (5,370) Fuel, Materials and Supplies 11,197 (1,751) (2,458) 463 Accrued Utility Revenues (11,325) Accounts Payable (23,453) (811) (1,896) 1,671 Taxes Accrued 7,329 (1,831) (689) 96 Other (net) 13,042 7,366 7,826 4,423 Net Cash Flows From (Used for) Operating Activities 328,545 9,865 26,546 3,196 INVESTING ACTIVITIES: Construction Expenditures (120,756) (153) (1,078) (145) Proceeds from Sales of Property and Other 3,281 68 892 Investment in Subsidiaries Net Cash Flows From (Used for) Investing Activities (117,475) (85) (186) (145) FINANCING ACTIVITIES: Issuance of Long-term Debt 82,176 18 137 Change in Short-term Debt (net) (7,750) (18) (66) Retirement of Cumulative Preferred Stock (86,917) Retirement of Long-term Debt (43,618) (104) (626) Dividends Paid on Common Stock (139,428) (3,004) (20,194) (2,501) Dividends Paid on Cumulative Preferred Stock (15,065) Net Cash Flows From (Used For) Financing Activities (210,602) (3,108) (20,194) (3,056) Net Increase (Decrease) in Cash and Cash Equivalents 468 6,672 6,166 (5) Cash and Cash Equivalents January 1 4,287 6,025 20,369 18 Cash and Cash Equivalents December 31 $4,755 $12,697 $26,535 $13 Supplemental Disclosure: Interest Paid (net of capitalized amounts) $86,924 $55 $6,196 $13 Income Taxes Paid $51,076 $1,858 $9,494 $3,201 Noncash Acquisitions Under Capital Leases $19,048 $4,025 $8,642 $84 See Note to Consolidating Financial Statements on Page C-1
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS AEP ENTRY AND COMBINED APCO CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL AEP CONSOLIDATED Retained Earnings January 1 $1,325,581 ($1,049,612) $2,375,193 $1,325,581 $206,361 Net Income 529,903 A (593,390) 1,123,293 529,903 115,900 1,855,484 (1,643,002) 3,498,486 1,855,484 322,261 Deductions: Cash Dividends Declared on Common Stock: American Electric Power Company, Inc. ($2.40 per Share) 445,831 445,831 445,831 Subsidiary Companies 0 B (467,100) 467,100 106,836 Cash Dividends Declared on Cumulative Preferred Stocks 0 B (53,507) 53,507 15,673 Other 8 C (1,272) 1,280 8 731 Retained Earnings December 31 $1,409,645 C ($1,121,123) $2,530,768 $1,409,645 $199,021 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
CSPCo I&M OPCo CONSOLIDATED CONSOLIDATED KEPCo KGPCo CONSOLIDATED WPCo Retained Earnings January 1 $46,976 $216,658 $89,173 $6,882 $483,222 $6,016 Net Income 110,616 141,092 25,128 2,034 189,447 2,869 157,592 357,750 114,301 8,916 672,669 8,885 Deductions: Cash Dividends Declared on Common Stock: American Electric Power Company, Inc. ($2.40 per Share) Subsidiary Companies 71,900 110,852 22,920 1,848 139,428 2,316 Cash Dividends Declared on Cumulative Preferred Stocks 11,209 11,560 15,065 Other 163 231 147 Retained Earnings December 31 $74,320 $235,107 $91,381 $7,068 $518,029 $6,569 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
AEPENS AEGCo AEPINV AEPRES AEPRI AEPSC CCCo COpCo FRECo IFRI Retained Earnings January 1 ($1,863) $4,268 ($8,210) ($59) ($4) $172 $20 Net Income (1,811) 8,687 (191) (288) (93) (3,674) 12,955 (8,401) (347) (97) 0 0 172 20 0 Deductions: Cash Dividends Declared on Common Stock: American Electric Power Company, Inc. ($2.40 per Share) Subsidiary Companies 11,000 Cash Dividends Declared on Cumulative Preferred Stocks Other Retained Earnings December 31 ($3,674) $1,955 ($8,401) ($347) ($97) $0 $0 $172 $20 $0 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS APCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL APCo Retained Earnings January 1 $206,361 $2,505 $203,856 $206,361 Net Income 115,900 A 5,837 110,063 115,900 322,261 8,342 313,919 322,261 Deductions: Cash Dividends Declared on Common Stock 106,836 B 106,836 106,836 Cash Dividends Declared on Cumulative Preferred Stocks 15,673 15,673 15,673 Other 731 731 731 Retained Earnings December 31 $199,021 C $8,342 $190,679 $199,021 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
APPALACHIAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED YEAR ENDED DECEMBER 31, 1995 (in thousands)
CeCCo CACCo SACCo WVPCo Retained Earnings January 1 ($3,171)($362) $999 $29 Net Income (542) (28) (5,271) 4 (3,713) (390) (4,272) 33 Deductions: Cash Dividends Declared on Common Stock Cash Dividends Declared on Cumulative Preferred Stocks Other Retained Earnings December 31 ($3,713)($390) ($4,272) $33 See Note to Consolidating Financial Statements on Pgae C-1 A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS CSPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL CSPCo Retained Earnings January 1 $46,976 ($2,229) $49,205 $46,976 Net Income 110,616 A (541) 111,157 110,616 157,592 (2,770) 160,362 157,592 Deductions: Cash Dividends Declared on Common Stock 71,900 B (699) 72,599 71,900 Cash Dividends Declared on Cumulative Preferred Stocks 11,209 11,209 11,209 Other 163 163 163 Retained Earnings December 31 $74,320 C ($2,071) $76,391 $74,320 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
COLUMBUS SOUTHERN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
COLM CCPC SIMCo Retained Earnings January 1 $1,458 $610 $161 Net Income 272 70 199 1,730 680 360 Deductions: Cash Dividends Declared on Common Stock 500 199 Cash Dividends Declared on Cumulative Preferred Stocks Other Retained Earnings December 31 $1,230 $680 $161 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
INDIANA MICHIGAN POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS I&M ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL I&M BHCCo PRCCo Retained Earnings January 1 $216,658 ($9,788)$226,446 $216,658 $9,788 $0 Net Income 141,092 A (3,511) 144,603 141,092 3,511 357,750 (13,299) 371,049 357,750 13,299 0 Deductions: Cash Dividends Declared on Common Stock 110,852 B 0 110,852 110,852 0 Cash Dividends Declared on Cumulative Preferred Stocks 11,560 11,560 11,560 Other 231 231 231 Retained Earnings December 31 $235,107 C ($13,299)$248,406 $235,107 $13,299 $0 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
JOURNAL ELIMINATIONS OPCo ENTRY AND COMBINED CONSOLIDATED NUMBERS ADJUSTMENTS TOTAL OPCo Retained Earnings January 1 $483,222 ($34,756)$517,978 $483,222 Net Income 189,447 A (14,387) 203,834 189,447 672,669 (49,143) 721,812 672,669 Deductions: Cash Dividends Declared on Common Stock 139,428 B (25,699) 165,127 139,428 Cash Dividends Declared on Cumulative Preferred Stocks 15,065 15,065 15,065 Other 147 147 147 Retained Earnings December 31 $518,029 C ($23,444)$541,473 $518,029 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
OHIO POWER COMPANY, INC. AND SUBSIDIARY COMPANIES CONSOLIDATING STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands)
COCCo SOCCo WCCo Retained Earnings January 1 $348 $33,025 $1,383 Net Income 2,656 10,368 1,363 3,004 43,393 2,746 Deductions: Cash Dividends Declared on Common Stock 3,004 20,194 2,501 Cash Dividends Declared on Cumulative Preferred Stocks Other Retained Earnings December 31 $0 $23,199 $245 See Note to Consolidating Financial Statements on Page C-1. A See Consolidating Statement of Income. B See Consolidating Statement of Cash Flows. C See Consolidating Balance Sheet.
Note to Consolidating Financial Statements. Notes to financial statements are incorporated herein by reference to the 1995 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. C-1 CARDINAL OPERATING COMPANY STATEMENT OF INCOME AND RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands) OPERATING EXPENSES: Fuel. . . . . . . . . . . . . . . . . . . . . . . . . $173,304 Other Operation . . . . . . . . . . . . . . . . . . . 14,594 Maintenance . . . . . . . . . . . . . . . . . . . . . 18,261 Taxes Other Than Federal Income Taxes . . . . . . . . 1,126 TOTAL OPERATING EXPENSES. . . . . . . . . . . $207,285 REIMBURSED BY: Ohio Power Company. . . . . . . . . . . . . . . . . . $ 98,424 Buckeye Power, Inc. . . . . . . . . . . . . . . . . . 108,861 TOTAL . . . . . . . . . . . . . . . . . . . . $207,285 RETAINED EARNINGS . . . . . . . . . . . . . . . . . . . None CARDINAL OPERATING COMPANY BALANCE SHEET DECEMBER 31, 1995 (in thousands) ASSETS INVESTMENTS . . . . . . . . . . . . . . . . . . . . . . $ 3 CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . . . . . . . 18 Accounts Receivable: Affiliated Companies. . . . . . . . . . . . . . . . 24,865 Miscellaneous . . . . . . . . . . . . . . . . . . . 130 Other . . . . . . . . . . . . . . . . . . . . . . . . 110 TOTAL CURRENT ASSETS. . . . . . . . . . . . . 25,123 DEFERRED CHARGES: Other Work in Progress. . . . . . . . . . . . . . . . 1,713 Other . . . . . . . . . . . . . . . . . . . . . . . . 468 TOTAL DEFERRED CHARGES. . . . . . . . . . . . 2,181 TOTAL . . . . . . . . . . . . . . . . . . . $27,307 CAPITALIZATION AND LIABILITIES CAPITALIZATION: Common Stock - Par Value $1: Authorized - 500 Shares Outstanding - 500 Shares. . . . . . . . . . . . . . $ 1 Advances from Affiliated Companies. . . . . . . . . . 400 TOTAL CAPITALIZATION. . . . . . . . . . . . . 401 OTHER NONCURRENT LIABILITIES. . . . . . . . . . . . . . 1,920 CURRENT LIABILITIES: Accounts Payable: General . . . . . . . . . . . . . . . . . . . . . . 10,187 Affiliated Companies. . . . . . . . . . . . . . . . 11,012 Other . . . . . . . . . . . . . . . . . . . . . . . . 3,786 TOTAL CURRENT LIABILITIES . . . . . . . . . . 24,985 DEFERRED CREDITS. . . . . . . . . . . . . . . . . . . . 1 TOTAL . . . . . . . . . . . . . . . . . . . $27,307 INDIANA-KENTUCKY ELECTRIC CORPORATION STATEMENT OF INCOME AND RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands) OPERATING REVENUES. . . . . . . . . . . . . . . . . . . $147,837 OPERATING EXPENSES: Fuel. . . . . . . . . . . . . . . . . . . . . . . . . 109,922 Other Operation . . . . . . . . . . . . . . . . . . . 16,239 Maintenance . . . . . . . . . . . . . . . . . . . . . 13,964 Depreciation. . . . . . . . . . . . . . . . . . . . . 3,590 Taxes Other Than Federal Income Taxes . . . . . . . . 4,193 TOTAL OPERATING EXPENSES. . . . . . . . . . . 147,908 OPERATING LOSS. . . . . . . . . . . . . . . . . . . . . (71) NONOPERATING INCOME . . . . . . . . . . . . . . . . . . 72 INCOME BEFORE INTEREST CHARGES. . . . . . . . . . . . . 1 INTEREST CHARGES. . . . . . . . . . . . . . . . . . . . 1 NET INCOME AND RETAINED EARNINGS. . . . . . . . . . . . None INDIANA-KENTUCKY ELECTRIC CORPORATION BALANCE SHEET DECEMBER 31, 1995 (in thousands) ASSETS ELECTRIC UTILITY PLANT: Electric Plant (at cost). . . . . . . . . . . . . . . $384,902 Construction Work in Progress . . . . . . . . . . . . 5,731 Total Electric Utility Plant. . . . . . . . . 390,633 Accumulated Depreciation and Amortization . . . . . . 310,070 NET ELECTRIC UTILITY PLANT. . . . . . . . . . 80,563 CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . . . . . . . 378 Accounts Receivable . . . . . . . . . . . . . . . . . 356 Coal in Storage - at average cost . . . . . . . . . . 10,645 Materials and Supplies - at average cost. . . . . . . 8,120 Coal Sold Under Agreement to Repurchase . . . . . . . 11,000 Prepayments and Other . . . . . . . . . . . . . . . . 383 TOTAL CURRENT ASSETS. . . . . . . . . . . . . 30,882 DEFERRED CHARGES: Future Federal Income Tax Benefits. . . . . . . . . . 46,988 Deferred Depreciation . . . . . . . . . . . . . . . . 2,365 Other . . . . . . . . . . . . . . . . . . . . . . . . 20 TOTAL DEFERRED CHARGES. . . . . . . . . . . . 49,373 TOTAL . . . . . . . . . . . . . . . . . . . $160,818 CAPITALIZATION AND LIABILITIES CAPITALIZATION: Common Stock, No Par Value Authorized - 100,000 Shares Outstanding - 17,000 Shares . . . . . . . . . . . . $ 3,400 CURRENT LIABILITIES: Accounts Payable. . . . . . . . . . . . . . . . . . . 12,012 Coal Repurchase Obligation. . . . . . . . . . . . . . 11,000 Taxes Accrued . . . . . . . . . . . . . . . . . . . . 2,943 Interest Accrued and Other. . . . . . . . . . . . . . 279 TOTAL CURRENT LIABILITIES . . . . . . . . . . 26,234 AMOUNTS DUE TO CUSTOMERS FOR FEDERAL INCOME TAXES . . . 46,988 ADVANCES FROM PARENT COMPANY FOR CONSTRUCTION . . . . . 76,232 DEFERRED CREDITS. . . . . . . . . . . . . . . . . . . . 7,964 TOTAL . . . . . . . . . . . . . . . . . . . $160,818 INDIANA-KENTUCKY ELECTRIC CORPORATION STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 1995 (in thousands) OPERATING ACTIVITIES: Net Income. . . . . . . . . . . . . . . . . . . . . . $ - Adjustments for Noncash Items: Depreciation. . . . . . . . . . . . . . . . . . . . 3,590 Changes in Certain Current Assets and Liabilities: Accounts Receivable . . . . . . . . . . . . . . . 4,662 Coal, Materials and Supplies. . . . . . . . . . . (8,151) Accounts Payable. . . . . . . . . . . . . . . . . 1,581 Other (net) . . . . . . . . . . . . . . . . . . . . 283 Net Cash Flows From Operating Activities . . . . 1,965 INVESTING ACTIVITIES: Construction Expenditures . . . . . . . . . . . . . . (11,931) Reimbursement for Plant Replacements and Additional Facilities. . . . . . . . . . . . . . . . 1,776 Advances Returned to Parent . . . . . . . . . . . . . (2,593) Net Cash Flows Used For Investing Activities . . (12,748) FINANCING ACTIVITIES - Coal Repurchase Obligation. . . . . . . . . . . . . . 11,000 Net Increase in Cash and Cash Equivalents . . . . . . 217 Cash and Cash Equivalents January 1 . . . . . . . . . 161 Cash and Cash Equivalents December 31 . . . . . . . . $ 378 Supplemental Disclosure: Interest Paid (net of capitalized amounts). . . . . . $520 OHIO VALLEY ELECTRIC CORPORATION STATEMENT OF INCOME YEAR ENDED DECEMBER 31, 1995 (in thousands) OPERATING REVENUES. . . . . . . . . . . . . . . . . . . $299,562 OPERATING EXPENSES: Fuel. . . . . . . . . . . . . . . . . . . . . . . . . 95,485 Purchased Power . . . . . . . . . . . . . . . . . . . 151,770 Other Operation . . . . . . . . . . . . . . . . . . . 19,594 Maintenance . . . . . . . . . . . . . . . . . . . . . 15,380 Taxes Other Than Federal Income Taxes . . . . . . . . 5,228 Federal Income Taxes. . . . . . . . . . . . . . . . . 2,929 TOTAL OPERATING EXPENSES. . . . . . . . . . . 290,386 OPERATING INCOME. . . . . . . . . . . . . . . . . . . . 9,176 NONOPERATING LOSS . . . . . . . . . . . . . . . . . . . (693) INCOME BEFORE INTEREST CHARGES. . . . . . . . . . . . . 8,483 INTEREST CHARGES. . . . . . . . . . . . . . . . . . . . 6,306 NET INCOME. . . . . . . . . . . . . . . . . . . . . . . $ 2,177 OHIO VALLEY ELECTRIC CORPORATION STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (in thousands) RETAINED EARNINGS JANUARY 1 . . . . . . . . . . . . . . $ 939 NET INCOME. . . . . . . . . . . . . . . . . . . . . . . 2,177 CASH DIVIDENDS DECLARED . . . . . . . . . . . . . . . . 1,510 RETAINED EARNINGS DECEMBER 31 . . . . . . . . . . . . . $1,606 OHIO VALLEY ELECTRIC CORPORATION BALANCE SHEET DECEMBER 31, 1995 (in thousands) ASSETS ELECTRIC UTILITY PLANT: Electric Plant (at cost). . . . . . . . . . . . . . . $268,916 Construction Work in Progress . . . . . . . . . . . . 2,208 Total Electric Utility Plant. . . . . . . . . 271,124 Accumulated Depreciation and Amortization . . . . . . 265,364 NET ELECTRIC UTILITY PLANT. . . . . . . . . . 5,760 INVESTMENTS AND OTHER . . . . . . . . . . . . . . . . . 81,565 CURRENT ASSETS: Cash and Cash Equivalents . . . . . . . . . . . . . . 4,402 Accounts Receivable . . . . . . . . . . . . . . . . . 21,852 Coal in Storage - at average cost . . . . . . . . . . 1,363 Materials and Supplies - at average cost. . . . . . . 11,018 Coal Sold Under Agreement to Repurchase . . . . . . . 10,000 Prepayments and Other . . . . . . . . . . . . . . . . 4,147 TOTAL CURRENT ASSETS. . . . . . . . . . . . . 52,782 FUTURE FEDERAL INCOME TAX BENEFITS. . . . . . . . . . . 11,994 REGULATORY ASSETS . . . . . . . . . . . . . . . . . . . 43,834 DEFERRED CHARGES. . . . . . . . . . . . . . . . . . . . 617 TOTAL . . . . . . . . . . . . . . . . . . . $196,552 OHIO VALLEY ELECTRIC CORPORATION BALANCE SHEET DECEMBER 31, 1995 (in thousands) CAPITALIZATION AND LIABILITIES SHAREHOLDERS' EQUITY: Common Stock - Par Value $100: Authorized - 300,000 Shares Outstanding - 100,000 Shares. . . . . . . . . . . . $ 10,000 Retained Earnings . . . . . . . . . . . . . . . . . . 1,606 Total Shareowners' Equity . . . . . . . . . . 11,606 Long-term Debt - Notes Payable. . . . . . . . . . . . 70,728 TOTAL CAPITALIZATION. . . . . . . . . . . . . 82,334 CURRENT LIABILITIES: Long-term Debt Due Within One Year. . . . . . . . . . 14,682 Coal Purchase Obligation. . . . . . . . . . . . . . . 10,000 Accounts Payable. . . . . . . . . . . . . . . . . . . 8,192 Taxes Accrued . . . . . . . . . . . . . . . . . . . . 7,837 Interest Accrued and Other. . . . . . . . . . . . . . 2,525 TOTAL CURRENT LIABILITIES . . . . . . . . . . 43,236 INVESTMENT TAX CREDITS. . . . . . . . . . . . . . . . . 10,610 POSTRETIREMENT BENEFIT OBLIGATION . . . . . . . . . . . 33,485 AMOUNTS DUE TO CUSTOMERS FOR FEDERAL INCOME TAXES . . . 13,074 OTHER REGULATORY LIABILITIES AND DEFERRED CREDITS . . . 13,813 TOTAL . . . . . . . . . . . . . . . . . . . $196,552 OHIO VALLEY ELECTRIC CORPORATION STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 1995 (in thousands) OPERATING ACTIVITIES: Net Income. . . . . . . . . . . . . . . . . . . . . . $ 2,177 Adjustments for Noncash Items: Future Federal Income Tax Benefits. . . . . . . . . 1,463 Changes in Certain Current Assets and Liabilities: Accounts Receivable . . . . . . . . . . . . . . . (9,272) Coal, Materials and Supplies. . . . . . . . . . . 7,771 Accounts Payable. . . . . . . . . . . . . . . . . (7,178) Other (net) . . . . . . . . . . . . . . . . . . . . 3,763 Net Cash Flows Used For Operating Activities . . (1,276) INVESTING ACTIVITIES: Construction Expenditures . . . . . . . . . . . . . . (3,387) Reimbursement for Plant Replacements and Additional Facilities. . . . . . . . . . . . . . . . 3,303 Advances Returned from Subsidiary . . . . . . . . . . 2,593 Net Cash Flows From Investing Activities . . . . 2,509 FINANCING ACTIVITIES: Special Funds Held by Trustees. . . . . . . . . . . . 10,623 Retirement of Long-term Debt. . . . . . . . . . . . . (4,090) Change in Short-term Debt (net) . . . . . . . . . . . (22,500) Coal Repurchase Obligation. . . . . . . . . . . . . . 10,000 Dividends Paid. . . . . . . . . . . . . . . . . . . . (1,510) Net Cash Flows Used For Financing Activities . . (7,477) Net Decrease in Cash and Cash Equivalents . . . . . . (6,244) Cash and Cash Equivalents January 1 . . . . . . . . . 10,646 Cash and Cash Equivalents December 31 . . . . . . . . $ 4,402 Supplemental Disclosure: Interest Paid (net of capitalized amounts). . . . . . $7,105 Income Taxes Received . . . . . . . . . . . . . . . . $ (427) EXHIBIT A Incorporation By Reference Form 10K Annual Report Year File Number AEP 1995 1-3525 AEGCo 1995 0-18135 APCo 1995 1-3457 CSPCo 1995 1-2680 I&M 1995 1-3570 KEPCo 1995 1-6858 OPCo 1995 1-6543 E 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/ G. P. Maloney G. P. Maloney Vice President April 29, 1996 EXHIBIT INDEX EXHIBIT B & C The following exhibits have 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. Certain of the following exhibits, designated with an asterisk (*), were filed with the Form 10-K Annual Report for 1995 and are also incorporated by reference. EXHIBIT NUMBER DESCRIPTION AEGCO 3(a) - Copy of 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 [Registration Statement on Form 10 for the Common Shares of AEGCo, File No. 0-18135, Exhibit 3(b)]. 10(a) - Copy of Capital Funds Agreement dated as of December 30, 1988 between AEGCo and AEP [Registration Statement No. 33-32752, Exhibit 28(a)]. 10(b)(1) - Copy of 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) - Copy of Unit Power Agreement, dated as of August 1, 1984, among AEGCo, I&M and KEPCo [Registration Statement No. 33-32752, Exhibit 28(b)(2)]. 10(b)(3) - Copy of Agreement, dated as of October 1, 1984, among AEGCo, I&M, APCo and Virginia Electric and Power Company [Registration Statement No. 33-32752, Exhibit 28(b)(3)]. 10(c) - Copy of 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 1995 Annual Report (for the fiscal year ended December 31, 1995) which are incorporated by reference in this filing. *24 - Power of Attorney. *27 - Financial Data Schedules. AEP 3(a) - Copy of Restated Certificate of Incorporation of AEP, dated April 26, 1978 [Registration Statement No. 2-62778, Exhibit 2(a)]. 3(b)(1) - Copy of Certificate of Amendment of the Restated Certificate of Incorporation of AEP, dated April 23, 1980 [Registration Statement No. 33-1052, Exhibit 4(b)]. 3(b)(2) - Copy of Certificate of Amendment of the Restated Certificate of Incorporation of AEP, dated April 28, 1982 [Registration Statement No. 33-1052, Exhibit 4(c)]. 3(b)(3) - Copy of Certificate of Amendment of the Restated Certificate of Incorporation of AEP, dated April 25, 1984 [Registration Statement No. 33-1052, Exhibit 4(d)]. 3(b)(4) - Copy of Certificate of Change of the Restated Certificate of Incorporation of AEP, dated July 5, 1984 [Registration Statement No. 33-1052, Exhibit 4(e)]. 3(b)(5) - Copy of Certificate of Amendment of the Restated Certificate of Incorporation of AEP, dated April 27, 1988 [Registration Statement No. 33-1052, Exhibit 4(f)]. 3(c) - Composite copy of the Restated Certificate of Incorporation of AEP, as amended [Registration Statement No. 33-1052, Exhibit 4(g)]. 3(d) - Copy of By-Laws of AEP, as amended through July 26, 1989 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1989, File No. 1-3525, Exhibit 3(d)]. 10(a) - Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KEPCo, OPCo and I&M and with the Service Corporation, 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) - Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KEPCo, OPCo and with the Service Corporation 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)(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(c)(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(d)-AEP Deferred Compensation Agreement for directors, as amended, effective October 24, 1984 [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1984, File No. 1-3525, Exhibit 10(e)]. 10(e)-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(f)-AEP Retirement Plan for directors [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1986, File No. 1-3525, Exhibit 10(g)]. *10(g)(1)(A)-AEP Excess Benefit Plan, as amended through January 4, 1996. 10(g)(1)(B)-Guaranty by AEP of the Service Corporation 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(g)(2)-AEP System Supplemental Savings Plan (Non-Qualified) [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1993, File No. 1-3525, Exhibit 10(g)(2)]. 10(g)(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(h)(1)-Employment Agreement between E. Linn Draper, Jr. and AEP and the Service Corporation [Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit 10(g)(3)]. *10(i)(1)-AEP Management Incentive Compensation Plan. 10(i)(2)-American Electric Power System Performance Share Incentive Plan, as Amended and Restated through October 1, 1995 [Quarterly Report on Form 10-Q of AEP for the quarterly period ended September 30, 1995, File No. 1-3525, Exhibit 10]. 10(j) - Copy of 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(k)(1) - Copy of Agreement for Lease, dated as of September 17, 1992, between JMG Funding, Limited Partnership and OPCo [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1992, File No. 1-6543, Exhibit 10(l)]. 10(k)(2) - Lease Agreement between Ohio Power Company and JMG Funding, Limited, dated January 20, 1995 [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(l) - Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KEPCo, OPCo and the Service Corporation [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)]. *13 - Copy of those portions of the AEP 1995 Annual Report (for the fiscal year ended December 31, 1995) which are incorporated by reference in this filing. *21 - List of subsidiaries of AEP. *23 - Consent of Deloitte & Touche LLP. *24 - Power of Attorney. *27 - Financial Data Schedules. APCO EXHIBIT NUMBER DESCRIPTION 3(a) - Copy of 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) - Copy of 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) - Composite copy of the Restated Articles of Incorporation of APCo, as amended [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 3(c)]. *3(d) - Copy of By-Laws of APCo (amended as of January 1, 1996). 4(a) - Copy of 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); Form 8-K, dated March 18, 1996, File No. 1-3457, Exhibit 4]. 10(a)(1) - Copy of 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) - Copy of 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) - Copy of 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) - Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KEPCo, OPCo and I&M and with the Service Corporation, 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) - Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KEPCo, OPCo and with the Service Corporation 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) - Copy of AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KEPCo, OPCo and the Service Corporation [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)]. 10(e)(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(e)(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(f)(1)-Management Incentive Compensation Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit 10(i)(1)]. 10(f)(2)-American Electric Power System Performance Share Incentive Plan [Quarterly Report on Form 10-Q of APCo for the quarterly period ended September 30, 1995, File No. 1-3457, Exhibit 10]. 10(g)(1)-Excess Benefits Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit 10(g)(1)(A)]. 10(g)(2)-AEP System Supplemental Savings Plan (Non-Qualified) [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1993, File No. 1-3525, Exhibit 10(g)(2)]. 10(g)(3)-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(h)(1)-Employment Agreement between E. Linn Draper, Jr. and AEP and the Service Corporation [Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit 10(g)(3)]. *12 - Statement re: Computation of Ratios. *13 - Copy of those portions of the APCo 1995 Annual Report (for the fiscal year ended December 31, 1995) 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, 1995, File No. 1-3525, Exhibit 21]. *23 - Consent of Deloitte & Touche LLP. *24 - Power of Attorney. *27 - Financial Data Schedules. CSPCO 3(a) - Copy of Amended Articles of Incorporation of CSPCo, as amended to March 6, 1992 [Registration Statement No. 33-53377, Exhibit 4(a)]. 3(b) - Copy of 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 copy 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) - Copy of 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) - Copy of 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)]. 10(a)(1) - Copy of 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) - Copy of 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) - Copy of 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) - Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KEPCo, OPCo and I&M and the Service Corporation, 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) - Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KEPCo, OPCo, and with the Service Corporation 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) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)]. *12 - Statement re: Computation of Ratios. *13 - Copy of those portions of the CSPCo 1995 Annual Report (for the fiscal year ended December 31, 1995) which are incorporated by reference in this filing. *23 - Consent of Deloitte & Touche LLP. *24 - Power of Attorney. *27 - Financial Data Schedules. I&M 3(a) - Copy of the 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) - Composite Copy of the Amended Articles of Acceptance of I&M, as amended [Annual Report on Form 10-K of I&M for fiscal year ended December 31, 1993, File No. 1-3570, Exhibit 3(b)]. *3(c) - Copy of the By-Laws of I&M (amended as of January 1, 1996). 4(a) - Copy of 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 fiscal year ended December 31, 1993, File No. 1-3570, Exhibit 4(b); Annual Report on Form 10-K of I&M for fiscal year ended December 31, 1994, File No. 1-3570, Exhibit 4(b)]. 10(a)(1) - Copy of 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) - Copy of 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) - Copy of 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) - Copy of Interconnection Agreement, dated July 6, 1951, between APCo, CSPCo, KEPCo, I&M, and OPCo and with the Service Corporation, 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) - Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KEPCo, OPCo and with the Service Corporation 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) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)]. 10(e) - Copy of Nuclear Material Lease Agreement, dated as of December 1, 1990, between I&M and DCC Fuel Corporation [Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1993, File No. 1-3570, Exhibit 10(d)]. 10(f) - Copy of 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)]. *12 - Statement re: Computation of Ratios *13 - Copy of those portions of the I&M 1995 Annual Report (for the fiscal year ended December 31, 1995) 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, 1995, File No. 1-3525, Exhibit 21]. *23 - Consent of Deloitte & Touche LLP. *24 - Power of Attorney. *27 - Financial Data Schedules. KEPCO 3(a) - Copy of Restated Articles of Incorporation of KEPCo [Annual Report on Form 10-K of KEPCo for the fiscal year ended December 31, 1991, File No. 1-6858, Exhibit 3(a)]. *3(b) - Copy of By-Laws of KEPCo (amended as of January 1, 1996). 4(a) - Copy of Mortgage and Deed of Trust, dated May 1, 1949, between KEPCo and Bankers Trust Company, as supplemented and amended [Registration Statement No. 2-65820, Exhibits 2(b)(1), 2(b)(2), 2(b)(3), 2(b)(4), 2(b)(5), and 2(b)(6); Registration Statement No. 33-39394, Exhibits 4(b) and 4(c); Registration Statement No. 33-53226, Exhibits 4(b) and 4(c); Registration Statement No. 33- 61808, Exhibits 4(b) and 4(c), Registration Statement No. 33- 53007, Exhibits 4(b), 4(c) and 4(d)]. 10(a) - Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KEPCo, I&M and OPCo and with the Service Corporation, 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) - Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KEPCo, OPCo and with the Service Corporation 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) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)]. *12 - Statement re: Computation of Ratios. *13 - Copy those portions of the KEPCo 1995 Annual Report (for the fiscal year ended December 31, 1995) which are incorporated by reference in this filing. *23 - Consent of Deloitte & Touche LLP. *24 - Power of Attorney. *27 - Financial Data Schedules. OPCO EXHIBIT NUMBER DESCRIPTION 3(a) - Copy of 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) - Composite copy of the Amended Articles of Incorporation of OPCo, as amended [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1994, File No. 1-6543, Exhibit 3(c)]. 3(d) - Copy of 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) - Copy of 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)(vi); 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)]. 10(a)(1) - Copy of 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) - Copy of 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) - Copy of 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) - Copy of Interconnection Agreement, dated July 6, 1951, between APCo, CSPCo, KEPCo, I&M and OPCo and with the Service Corporation, 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) - Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KEPCo, OPCo and with the Service Corporation 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) - Copy of Interim Allowance Agreement [Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit 10(d)]. 10(e) - Copy of Agreement, dated June 18, 1968, between OPCo and Kaiser Aluminum & Chemical Corporation (now known as Ravenswood Aluminum Corporation) and First Supplemental Agreement thereto [Registration Statement No. 2-31625, Exhibit 4(c); Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1986, File No. 1-6543, Exhibit 10(d)(2)]. 10(f) - Copy of Power Agreement, dated November 16, 1966, between OPCo and Ormet Generating Corporation and First Supplemental Agreement thereto [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1993, File No. 1-6543, Exhibit 10(e)]. 10(g) - Copy of 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(h)(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(h)(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(i)(1)-Management Incentive Compensation Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit 10(i)(1)]. 10(i)(2)-American Electric Power System Performance Share Incentive Plan, as Amended and Restated through January 1, 1995 [Quarterly Report on Form 10-Q of OPCo for the quarterly period ended September 30, 1995, File No. 1-6543]. 10(j)(1)-Excess Benefits Plan [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1995, File No. 1-3525, Exhibit 10(g)(1)(A)]. 10(j)(2)-AEP System Supplemental Savings Plan (Non-Qualified) [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1993, File No. 1-3525, Exhibit 10(g)(2)]. 10(j)(3)-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(k)(1)-Employment Agreement between E. Linn Draper, Jr. and AEP and the Service Corporation [Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit 10(g)(2)]. 10(l)(1) - Agreement for Lease dated as of September 17, 1992 between JMG Funding, Limited Partnership and OPCo [Annual Report on Form 10-K of OPCo for the fiscal year ended December 31, 1992, File No. 1- 6543, Exhibit 10(l)]. 10(l)(2) - 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)]. *12 - Statement re: Computation of Ratios. *13 - Copy of those portions of the OPCo 1995 Annual Report (for the fiscal year ended December 31, 1995) 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, 1995, File No. 1-3525, Exhibit 21]. *23 - Consent of Deloitte & Touche LLP. *24 - Power of Attorney. *27 - Financial Data Schedules. Exhibits, designated with a dagger (), are management contracts or compensatory plans or arrangements required to be filed as an exhibit to the Form 10-K pursuant to Item 14(c). Certain instruments defining the rights of holders of long-term debt of the registrants included in the financial statements of registrants filed with the Form 10-K were 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 Agreement Regarding Method of Allocating Consolidated Federal Income Taxes: Incorporated by Reference to 1994 Form U5S Annual Report, File No. 30-150 ______________________________________________________________________ EXHIBIT E 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 1994 Form U5S Annual Report, File No. 30-150 American Electric Power Electric Living Incentive Program for Employees . Incorporated by Reference to 1993 Form U5S Annual Report, File No. 30-150 EXHIBIT G SEE EXHIBIT 27 FOR FINANCIAL DATA SCHEDULES. EXHIBIT H Organization chart showing the relationship of each EWG or foreign utility company in which the system holds an interest to other system companies. American Electric Power Company, Inc. | | AEP Resources, Inc. (100% owned) | | AEP Resources International, Ltd. (100% owned EWG) EXHIBIT I AEP Resources International, Limited (AEPRI) was organized June 24, 1994 and on July 12,1994 issued one (1) share of $1.00 par value common stock for $5,000 to AEP Resources, Inc. which is a wholly-owned subsidiary of American Electric Power Company, Inc. To date, audited financial statements are not available, therefore unaudited statements are included in this filing. At the next U5S filing, for the period ending December 31, 1996, it is expected that the audited balance sheet, income statement, and cash flow statement of AEPRI will be available to be included. The unaudited financial statements follow. AEP RESOURCES INTERNATIONAL, LIMITED CONTENTS Page Statements of Income and Retained Earnings 1 Balance Sheet 2 Statement of Cash Flows 3 Notes to Financial Statements 4 AEP RESOURCES INTERNATIONAL, LIMITED STATEMENT OF INCOME YEAR ENDED DECEMBER 31, 1995 (UNAUDITED) (in thousands) REVENUES $ - EXPENSES: Outside Services Employed 76 Miscellaneous 17 TOTAL EXPENSES 93 NET LOSS $(93) ________________________________________ STATEMENT OF RETAINED EARNINGS YEAR ENDED DECEMBER 31, 1995 (UNAUDITED) (in thousands) BALANCE AT BEGINNING OF PERIOD* $ (4) NET LOSS (93) BALANCE AT END OF PERIOD* $(97) *Parentheses Denote Accumulated Deficit. Page 1 AEP RESOURCES INTERNATIONAL, LIMITED BALANCE SHEET DECEMBER 31, 1995 (UNAUDITED) (in thousands) ASSETS CURRENT ASSETS - Cash $18 TOTAL ASSETS $18 CAPITALIZATION AND LIABILITIES CAPITALIZATION: Common Stock - Par Value $1: Authorized - 50,000 Shares Outstanding - 1 Share Paid-in Capital $115 Accumulated Deficit (97) TOTAL CAPITALIZATION 18 TOTAL CAPITALIZATION AND LIABILITIES $ 18 Page 2 AEP RESOURCES INTERNATIONAL, LIMITED STATEMENT OF CASH FLOWS YEAR ENDED DECEMBER 31, 1995 (UNAUDITED) (in thousands) OPERATING ACTIVITIES - Net Loss $(93) FINANCING ACTIVITIES - Capital Contributions from Parent Company 110 NET INCREASE IN CASH 17 CASH AT BEGINNING OF PERIOD 1 CASH AT END OF PERIOD $ 18 Page 3 AEP RESOURCES INTERNATIONAL, LIMITED NOTES TO FINANCIAL STATEMENTS (UNAUDITED) 1. SIGNIFICANT ACCOUNTING POLICIES: Organization AEP Resources International, Limited (the Company or AEPRI) was organized and incorporated under the laws of the Cayman Islands on June 24, 1994 as a wholly-owned subsidiary of AEP Resources, Inc. (AEPRES), which is a subsidiary of American Electric Power Company, Inc. (AEP Co., Inc.), a public utility holding company. The purpose of the Company is to develop and own electric generation and sell power. 2. COMMON STOCK AND PAID-IN CAPITAL AEPRI is authorized to issue 50,000 shares of $1.00 par value common stock and has one (1) share of common stock issued and outstanding. In 1995 AEPRI received from its parent AEPRES a cash capital contribution of $110,000 which was credited to paid in capital. Page 4 EX-27 2 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S
OPUR1 0000004904 AMERICAN ELECTRIC POWER COMPANY, INC. 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 11,384,839 825,781 1,401,858 310,377 1,979,446 15,902,301 1,271,627 1,658,524 1,409,645 4,339,796 515,085 148,240 4,920,329 128,425 0 236,700 136,947 7,650 314,901 89,692 5,064,536 15,902,301 5,670,330 289,432 4,416,351 4,705,783 964,547 20,204 984,751 400,077 529,903 54,771 529,903 445,831 271,924 1,056,610 $2.85 $2.85 Represents preferred stock dividend requirements of subsidiaries; deducted before computation of net income.
EX-27 3 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000857571 AEP GENERATING COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 413,559 6 43,551 1,687 6,076 464,879 1,000 47,735 1,955 50,690 0 0 89,538 21,725 0 0 0 0 1,830 465 300,631 464,879 231,795 3,052 215,700 218,752 13,043 3,685 16,728 8,041 8,687 0 8,687 11,000 0 23,486 0 0 All common stock owned by parent company; no EPS required.
EX-27 4 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000006879 APPALACHIAN POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 2,863,690 31,523 347,272 57,541 435,352 3,735,378 260,458 525,051 199,021 984,530 190,085 55,000 1,278,433 0 0 125,525 7,251 150 36,739 12,198 1,045,467 3,735,378 1,545,039 64,907 1,253,030 1,317,937 227,102 (4,699) 222,403 106,503 115,900 16,405 99,495 106,836 80,777 247,900 0 0 All common stock owned by parent company; no EPS required.
EX-27 5 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000022198 COLUMBUS SOUTHERN POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 1,867,038 25,950 196,770 66,363 438,005 2,594,126 41,026 574,427 74,320 689,773 75,000 0 990,796 0 0 0 0 7,500 22,981 4,835 803,241 2,594,126 1,071,862 58,793 827,261 886,054 185,808 5,202 191,010 80,394 110,616 11,907 98,709 71,900 66,811 206,579 0 0 All common stock owned by parent company; no EPS required.
EX-27 6 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000050172 INDIANA MICHIGAN POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 2,567,599 584,613 285,236 32,364 458,525 3,928,337 56,584 731,102 235,107 1,022,793 135,000 52,000 1,034,048 52,200 0 37,775 6,053 0 110,730 31,776 1,445,962 3,928,337 1,283,157 61,083 1,016,351 1,077,434 205,723 6,272 211,995 70,903 141,092 11,791 129,301 110,852 43,410 239,616 0 0 All common stock owned by parent company; no EPS required.
EX-27 7 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000055373 KENTUCKY POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 609,067 6,438 62,152 12,153 82,388 772,198 50,450 78,750 91,381 220,581 0 0 263,089 15,950 0 11,100 29,436 0 7,064 2,355 222,623 772,198 328,144 5,778 273,345 279,123 49,021 3 49,024 23,896 25,128 0 25,128 22,920 19,090 41,789 0 0 All common stock owned by parent company; no EPS required.
EX-27 8 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000073986 OHIO POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 2,824,074 107,510 533,099 129,552 562,329 4,156,564 321,201 459,474 518,029 1,298,704 115,000 41,240 1,138,425 0 0 9,400 89,207 0 106,754 25,172 1,332,662 4,156,564 1,822,997 97,258 1,453,579 1,550,837 272,160 11,240 283,400 93,953 189,447 14,668 174,779 139,428 61,836 342,453 0 0 All common stock owned by parent company; no EPS required.
EX-27 9 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000055986 KINGSPORT POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 49,850 159 16,841 124 5,237 72,211 4,100 7,800 7,068 18,968 0 0 25,000 2,100 0 0 0 0 729 199 25,215 72,211 79,788 815 74,439 75,254 4,534 285 4,819 2,785 2,034 0 2,034 1,848 0 4,923 0 0 All common stock owned by parent company; no EPS required.
EX-27 10 ARTICLE OPUR1 FIN. DATA SCH. FOR U5S WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
OPUR1 0000106617 WHEELING POWER COMPANY 1,000 12-MOS DEC-31-1995 DEC-31-1995 PER-BOOK 54,200 2,922 10,444 1,635 17,231 86,432 2,428 12,596 6,569 21,593 0 0 26,000 5,375 0 0 0 0 3,414 579 29,471 86,432 85,204 2,067 77,509 79,576 5,628 (64) 5,564 2,695 2,869 0 2,869 2,316 0 9,076 0 0 All common stock owned by parent company; no EPS required.
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