APPALACHIAN POWER COMPANY
                      PUTNAM COAL TERMINAL
                QUARTERLY REPORT PER REQUIREMENTS
            OF HOLDING COMPANY ACT RELEASE NO. 23272
       BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 1994





                            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 SEPTEMBER 30, 1994

                                               July 1994                  August 1994                  September 1994      
                                       Tons       Fee      Amount  Tons        Fee      Amount  Tons        Fee      Amount
                                               (per ton)    (000)           (per ton)    (000)           (per ton)    (000)

TRANSFER FEES CHARGED
                                                                                            
  Appalachian Power Company:(a)
   -Mountaineer Plant. . . . . . . .   16,854   $1.98       $33       -      $ -          $-       -      $ -          $ -
   -Sporn Plant. . . . . . . . . . .     -        -           -       -        -           -        962    6.69          6

  Ohio Power Company:(b)
   -Amos Plant (c) . . . . . . . . .  159,690     N/A         4(d) 112,077     N/A         4(d) 141,095     N/A          4(d)
   -Sporn Plant. . . . . . . . . . .     -        -           -       -        -           -      2,420    6.69         16

         TOTAL . . . . . . . . . . .  176,544               $37    112,077                $4    144,477                $26

(a) Excludes any return on investment since the Company's investment in the terminal is included in its 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) Estimated utilization payment.
N/A Not Applicable.



                         APPALACHIAN POWER COMPANY
                           PUTNAM COAL TERMINAL
                         SUMMARY OF COSTS INCURRED
            BY MONTH, FOR THE QUARTER ENDED SEPTEMBER 30, 1994


                                                                  Three
                                                                  Months
                                 July      August    September    Ended
                                 1994       1994        1994      9/30/94
                                             (in thousands)
                                                      
Salaries and Benefits. . . . . . $158       $151        $146      $  455
Depreciation . . . . . . . . . .   62         62          62         186
Taxes Other Than Income Taxes* .   17         17          17          51
Materials & Supplies . . . . . .   16         40          33          89
Electricity. . . . . . . . . . .   10         10          11          31
Other. . . . . . . . . . . . . .   49         30         168         247

          Total**. . . . . . . . $312       $310        $437      $1,059

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