APPALACHIAN POWER COMPANY
                      PUTNAM COAL TERMINAL
                QUARTERLY REPORT PER REQUIREMENTS
            OF HOLDING COMPANY ACT RELEASE NO. 23272
        BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993





                            CONTENTS



                                                            Page

Statements of Transfer Fees Charged                           1

Summary of Costs Incurred                                     2



















                         APPALACHIAN POWER COMPANY
                           PUTNAM COAL TERMINAL
                    STATEMENTS OF TRANSFER FEES CHARGED
             BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993


                                  October 1993                   November 1993                      December 1993       
                          Tons   Unit Price    Amount    Tons    Unit Price     Amount    Tons     Unit Price     Amount
                                 (per ton)     (000)             (per ton)      (000)              (per ton)      (000)

TRANSFER FEES CHARGED
                                                                                       
  Appalachian Power Co:(a)
   -Mountaineer Plant. . .134,674   $2.24      $302      117,221    $2.24       $263      131,805     $ 2.24      $295

  Ohio Power Company:(b)
   -Amos Plant (c) . . . . (4,697)(d)N/A          5(e)    43,511     N/A           5(e)    33,187       N/A        (60)(e)(f)
   -Muskingum River Plant. 25,752    3.07        79       34,587     2.83         98       25,762       6.63       171    (f)
   -Sporn Plant. . . . . .   -        -          -          -         -           -          -           -         (57)   (f)
         TOTAL BILLINGS. .155,729              $386      195,319                $366      190,754                 $349


(a) Excludes any return on investment since the investment in the terminal is included in rate base.
(b) Includes return on investment associated with the utilization of the terminal.
(c) Represents monthly settlement with Ohio Power Company in order to equalize the investment in the facilities that are used 
    in common by the Amos Plant and the Putnam Coal Terminal.  The settlement is based on the usage of those facilities and   
    represents a return on investment and not a transfer fee.
(d) Includes inventory adjustment.
(e) Estimated utilization payment.
(f) Includes a year-end adjustment to reduce Ohio Power's 1993 estimated utilization payments to actual usage for the         
    facilities.
N/A Not Applicable
/TABLE



                    APPALACHIAN POWER COMPANY
                      PUTNAM COAL TERMINAL
                    SUMMARY OF COSTS INCURRED
        BY MONTH, FOR THE QUARTER ENDED DECEMBER 31, 1993

                                                          Three
                                                          Months
                       October    November    December    Ended
                         1993       1993        1993     12/31/93
                                     (in thousands)
                                               
Salaries and Benefits.   $144       $146        $160       $450  
Depreciation . . . . .     63         62          62        187
Taxes Other Than 
  Income Taxes*. . . .     16         16          16         48
Materials & Supplies .     10         44          55        109
Electricity. . . . . .     10         12          12         34
Other. . . . . . . . .     36         58          64        158

          Total**. . .   $279       $338        $369       $986



 * Excludes FICA, Federal Unemployment and State Unemployment.  
   These costs are reflected in employee benefits.
** Excludes cost of capital which is discussed in the footnotes 
   on page 1.





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