35-CERT 1 cctsec.txt OHIO POWER COMPANY COOK COAL TERMINAL QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 22977 BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2001 CONTENTS Page Statements of Transfer Fee Billings 1 Summary of Costs Incurred 2 Calculation of Allowed Cost of Capital - Effective April 1, 2001 3 OHIO POWER COMPANY COOK COAL TERMINAL STATEMENTS OF TRANSFER FEE BILLINGS BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2001
April 2001 May 2001 June 2001 --------------------------- ------------------------- -------------------------- Tons Fee Amount Tons Fee Amount Tons Fee Amount ---- --- ------ ---- --- ------ ---- --- ------ (per ton) (000) (per ton) (000) (per ton) (000) SERVICE TO AFFILIATES Mountaineer . . . . . . 102,781 $1.30 134 47,407 $1.30 62 76,069 $1.30 99 Tanners Creek . . . . . 51,559 $1.30 67 48,841 $1.30 63 25,229 $1.30 33 Rockport Plant. . . . . 828,767 $1.30 1,077 837,129 $1.30 1,088 782,410 $1.30 1,017 SERVICE TO NON-AFFILIATES 662,067 $1.00 659 743,054 $1.07 794 684,976 $1.01 694 ------------------------- --------- ------ --------- ------ --------- ------ TOTAL. . . . . . . . . 1,645,174 $1,937 1,676,431 $2,007 1,568,684 $1,843 ========= ====== ========= ====== ========= ======
OHIO POWER COMPANY COOK COAL TERMINAL SUMMARY OF COSTS INCURRED BY MONTH, FOR THE QUARTER ENDED JUNE 30, 2001
Three Months April May June Ended 2001 2001 2001 6/30/01 ------ ------ ------ ------- (in thousands) Rents. . . . . . . . . . . . . . $ 585 $ 585 $ 584 $1,754 Labor-UMW* . . . . . . . . . . . 229 196 200 625 Benefits-UMW*. . . . . . . . . . 231 258 224 713 Salaries and Benefits-Nonunion . 68 (209) 86 (55) Material & Supplies. . . . . . . 131 105 147 383 Billed Services. . . . . . . . . 57 95 6 158 Taxes**. . . . . . . . . . . . . 51 52 52 155 Administrative and General . . . 96 99 85 280 Electricity. . . . . . . . . . . 77 73 70 220 Cost-of-Capital. . . . . . . . . 19 13 - 32 ------ ------ ------ ------ Total. . . . . . . . . $1,544 $1,267 $1,454 $4,265 ====== ====== ====== ====== * United Mine Workers of America. ** Excludes FICA, Federal Unemployment and State Unemployment. These costs are reflected in employee benefits.
OHIO POWER COMPANY COOK COAL TERMINAL AND RAIL CAR MAINTENANCE FACILITY RATE OF RETURN ON INVESTMENT CAPITALIZATION AFTER-TAX @12/31/00 PERCENT EFFECTIVE WEIGHTED COMPONENT (000) OF TOTAL COST RATE OF RETURN --------- -------------- -------- --------- -------------- Long-term Debt $1,142,918(a) 48.85% 7.05%(c) 3.44% Preferred Stock 25,498 1.09% 4.94%(c) 0.05% Common Stock 1,171,077(b) 50.06% 12.81%(d) 6.41% ---------- ------ ---- Total $2,339,493 100.00% 9.90%* ========== ====== ==== a) Includes Long-Term Debt due in one-year and is net of unamortized debt premium and discount, unamortized debt expense, and the unamortized loss on reacquired debt. b) Common Equity includes the premium on preferred stock and excludes undistributed subsidiary earnings. c) Cost at 12/31/00. d) The rate allowed by the PUCO in 1995 in a retail rate settlement approved in March 1995. * Rate will be applied for billing purposes to the twelve months period commencing April 1, 2001.