File No. 30-150
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U5S
ANNUAL REPORT
For the year ended December 31, 2003
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, 2003
TABLE OF CONTENTS
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN
AS OF DECEMBER 31, 2003
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION
OF SYSTEM SECURITIES
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF
SYSTEM SECURITIES
ITEM 5. INVESTMENTS IN SECURITIES OF NON-SYSTEM
COMPANIES
ITEM 6. OFFICERS AND DIRECTORS
Part I. Names, principal business address and positions
held as of December 31, 2003
Part II. Banking connections
Part III. Compensation and other related information
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
Part I. Contracts for services or goods between system
companies
Part II. Contracts to purchase services or goods between
any system company and any affiliate
Part III. Employment of any person by any system company
for the performance on a continuing basis of
management services
ITEM 9. EXEMPT WHOLESALE GENERATORS AND
FOREIGN UTILITY COMPANIES
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Index)
SIGNATURE
ITEM 1. SYSTEM COMPANIES AND INVESTMENTS THEREIN AS OF DECEMBER 31, 2003
PERCENTAGE PERCENTAGE
OF OF
VOTING VOTING ISSUER'S OWNER'S
SECURITIES SECURITIES NUMBER BOOK BOOK
OWNED BY OWNED BY OF COMMON VALUE VALUE
IMMEDIATE OTHER SHARES EQUITY EQUITY
COMPANY NAME PARENT ENTITY OWNED (IN 000'S) (IN 000'S)
------------------ ---------- ----------- ---------- ---------- ----------
00. American Electric Power Company, Inc. [Note A] - -
01. American Electric Power Service Corporation [Note B] 100% 23,500 (80,674) 1,450
01. AEP C&I Company, LLC [Note W] 100% Uncertified 394 394
02. AEP Texas Commercial & Industrial Retail GP, LLC [Note W] 100% Uncertified (65) (65)
03. AEP Texas Commercial & Industrial Retail Limited Partnership [Note W] 0.50% 99.50% Partnership 17,980 90
02. AEP Texas Commercial & Industrial Retail Limited Partnership [Note W] 99.50% 0.50% Partnership 17,980 17,980
02. AEP Gas Power GP, LLC [Note G] 100% Uncertified (13,763) (13,763)
03. AEP Gas Power Systems, LLC [Note G] 75% 25% Uncertified 1,188 1,093
02. REP Holdco, LLC [Note W] 100% 3,000 2,718 2,718
03. Mutual Energy SWEPCO, LLC [Note W] 99.5O% O.50% Uncertified (43) (43)
03. REP General Partner LLC [Note W] 100% Uncertified 1,099 1,099
04. Mutual Energy SWEPCO, LLC [Note W] O.50% 99.5O% Uncertified (43) -
01. AEP Coal, Inc. [Note L] 100% Uncertified (79,394) (79,394)
02. Snowcap Coal Company, Inc. [Note L] 100% Uncertified - -
02. AEP Kentucky Coal, LLC [Note L] 100% Uncertified - -
02. AEP Ohio Coal, LLC [Note L] 100% Uncertified - -
02. AEP West Virginia Coal, Inc. [Note L] 100% Uncertified - -
02. Leesville Land, LLC [Note L] 100% Uncertified - -
02. Springdale Land, LLC [Note L] 100% Uncertified - -
01. AEP Communications, Inc. [Note C] 100% 100 (168,243) (168,679)
02. AEP Communications, LLC [Note C] 100% 100 (173,307) (173,307)
03. C3 Networks Limited Partnership [Note C] 49.75% 49.75% Partnership - -
04. C3 Networks & Communications Limited Partnership [Note C] 99.50% 0.50% Partnership - -
03. American Fiber Touch, LLC [Note C] 50% 50% Uncertified 22,658 22,658
03. AEP Fiber Venture, LLC [Note C] 100% Uncertified - -
04. AFN Communications, LLC [Note C] 48% 52% 5,008 - -
01. AEP Generating Company [Note J] 100% 1,000 45,875 45,875
01. AEP Desert Sky LP, LLC [Note X] 100% Uncertified 858 784
02. AEP Desert Sky GP, LLC [Note X] 100% Uncertified 4,799 4,799
01. AEP Desert Sky LP II, LLC [Note X] 100% Uncertified 58,229 58,229
03. Desert Sky Wind Farm LP [Note X] 1% 99% Uncertified 588 588
01. AEP Investments, Inc. [Note F] 100% 100 5,604 5,604
02. AEP EmTech, LLC [Note DD] 100% Uncertified - -
03. Altra Energy Technologies, Inc. [Note DD] 5% 95% N/A - -
03. Amperion, Inc. [Note DD] 38.30% 61.70% N/A - -
03. Universal Supercapacitors, LLC 50.00% 50.00% Uncertified - -
03. Integrated Fuel Cell Technologies, Inc. [DD] 0.10% 99.90% Uncertified - 40
03. Distribution Vision 2010, LLC 20.00% 80.00% Uncertified - 79
02. AEP Transportation, LLC [Note H] 100% Uncertified - -
02. Pacific Hydro Limited [Note H] 20% 80% Uncertified - 54,887
02. Dynelec, Inc. 1.17% 98.83% Uncertified - -
02. Energy Trading Platform Holding Company, Inc. [Note W] 16.70% 83.30% Uncertified - -
02. Intercontinental Exchange Inc. [Note W] 5.30% 94.70% Uncertified - 5,057
02. Pantellos Corporation [Note DD] 5.40% 94.60% Uncertified - -
02. PowerSpan Corp [Note DD] 9.80% 90.20% Uncertified - -
02. AEMT, Inc. 27.00% 63.00% Uncertified - -
02. Enerwise Global Technologies, Inc. 5.00% 95.00% Uncertified - -
02. Powerware Solutions, Inc. [Note DD] 4.00% 96.00% Uncertified - 1,089
02. PHPK Technologies, Inc. [Note DD] 40.40% 59.60% Uncertified - 2,306
01. Mutual Energy L.L.C. [Note W] 100% Uncertified 6,948 6,948
02. AEP Ohio Retail Energy, LLC [Note W] 100% Uncertified - -
01. AEP Power Marketing, Inc. [Note W] 100% 100 14,639 14,639
02. AEP Coal Marketing, LLC [Note W] 100% Uncertified - -
02 AEP Emissions Marketing, LLC [Note W] 100% Uncertified - -
01. AEP T&D Services, LLC [Note BB] 100% Uncertified (99) (99)
01. AEP Pro Serv, Inc. [Note I] 100% 110 19,413 19,416
02. Diversified Energy Contractors Company, LLC [Note I] 100% 1,000 16,286 11,052
03. DECCO II LLC [Note I] 100% 1,000 - -
04. Diversified Energy Contractors, LP [Note I] O.99% 99.01% Partnership (53) (53)
03. Diversified Energy Contractors, LP [Note I] 99.O1% O.99% Partnership (5,215) (5,215)
02. United Sciences Testing, Inc. 100% Uncertified - -
01. AEP Texas POLR, LLC [Note W] 100% Uncertified (6,608) (6,608)
02. AEP Texas POLR GP, LLC [Note W] 100% Uncertified (33) (33)
03. POLR Power, L.P. [Note W] 0.50% 99.50% Partnership (10,215) (51)
02. POLR Power, L.P. [Note W] 99.50% 0.50% Partnership (10,215) -
01. AEP Resources, Inc. [Note H] 100% 100 29,941 29,941
02. AEP Delaware Investment Company [Note H] 100% 100 199,550 199,550
03. AEP Holdings I CV [Note H] 8% 92% Uncertified (929,347) (123,058)
04. AEPR Global Investments B.V. [Note H] 100% 10 (929,451) (929,451)
05. AEPR Global Holland Holding B.V. [Note H] 100% Uncertified (553,758) (553,758)
05. AEP Energy Services UK Generation Limited [Note H] 100% Uncertified (379,024) (379,024)
03. AEP Holdings II CV [Note H] 88% 12% Partnership 284,526 255,661
04. AEP Energy Services Limited [Note H] 100% Uncertified (174,668) (174,668)
05. AEP Energy Services Trading Limited [Note H] 100% Uncertified - -
04. AEPR Global Energy B.V. 100% Uncertified - -
05. AEP Energy Venture B.V. 100% Uncertified - -
06. CompresionBajio S de R.L. de C.V. [Note H] 50% 50% Uncertified 4,290 4,290
04. AEPR Global Ventures B.V. [Note H] 100% Uncertified 2,063 2,063
05. Operaciones Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified - -
05. Servicios Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified (236) (236)
05. AEP Energy Services Austria 100% Uncertified 14 14
05. AEP Energy Services (Australia) Pty Ltd 100% Uncertified 80 80
05. AEP Energy Services GmbH [Note H] 100% Uncertified 27 27
05. AEP Energy Services (Switzerland) Pty Ltd 100% Uncertified 12 12
05. AEP Energy Services Norway AS 100% Uncertified - -
04. Intergen Denmark, Aps [Note H] 50% 50% Partnership 33,985 33,985
05. Intergen Denmark Finance Aps [Note H] 100% Partnership - -
05. Intergen Mexico, B.V. [Note H] 100% Partnership - -
06. Intergen Aztec Energy VIII B.V. [Note H] 100% Partnership - -
07. Intergen Aztec Energy VI B.V. [Note H] 100% Partnership - -
07. Energia Azteca VIII S. de R.L. de C.V. [Note H] 100% Partnership - -
02. AEP Delaware Investment Company II [Note H] 100% 1,000 86,199 86,199
03. AEP Holdings II CV [Note H] 12% 88% Uncertified 284,526 28,865
04. AEP Energy Services Limited [Note H] 100% Uncertified (174,688) (174,668)
05. AEP Energy Services Trading Limited [Note H] 100% Uncertified - -
04. AEPR Global Ventures B.V. [Note H] 100% Uncertified 2,063 2,063
05. Operaciones Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified - -
05. Servicios Azteca VIII, S. de R.L. de C.V. [Note H] 50% 50% Uncertified (236) (236)
05. AEP Energy Services Austria GmbH 100% Uncertified 14 14
05. AEP Energy Services (Australia) Pty Ltd 100% Uncertified 80 80
05. AEP Energy Services GmbH [Note H] 100% Uncertified 27 27
05. AEP Energy Services (Switzerland) Pty Ltd 100% Uncertified 12 12
05. AEP Energy Services Norway AS 100% Uncertified - -
04. Intergen Denmark, Aps [Note H] 50% 50% Partnership 33,985 33,985
05. Intergen Denmark Finance Aps [Note H] 50% 50% Partnership - -
05. Intergen Mexico, B.V. [Note H] 100% Partnership - -
06. Intergen Aztec Energy VIII B.V. [Note H] 100% Partnership - -
07. Intergen Aztec Energy VI B.V. [Note H] 100% Partnership - -
07. Energia Azteca VIII S. de R.L. de C.V. [Note H] 100% Partnership - -
04. AEPR Global Energy B.V. 100% Uncertified - -
05. AEP Energy Ventures B.V. 100% Uncertified - -
06. Compresion Bajio S de R.L. de C.V. [Note H] 50% 50% Uncertified 4,290 4,290
03. NGLE International, Limited [Note H] 100% Uncertified 31,218 31,218
04. NGLE Pushan Power, LDC [Note H] 99% 1% 99 31,219 30,907
05. Nanyang General Light Electric Co., Ltd. [Note H] 70% 30% Uncertified 82,365 57,655
04. NGLE Project Management Company, Limited [Note H] 100% Uncertified 312 312
05. NGLE Pushan Power, LDC [Note H] 1% 99% 99 31,219 312
06. Nanyang General Light Electric Co., Ltd. [Note H] 70% 30% Uncertified 82,365 57,655
02. AEP Memco LLC [Note Y] 100% Uncertified 132,628 132,628
03. AEP Elmwood LLC [Note Y] 100% Uncertified - -
04. Conlease, Inc. [Note Y] 100% Uncertified - -
04. International Marine Terminals [Note Y] 33-1/3% 66-2/3% Uncertified - -
02. AEP Resources Australia Holdings Pty Ltd [Note H] 100% 1 (49,960) (49,960)
02. AEP Resources Australia Pty., Ltd. [Note H] 100% 3,753,752 45,425 45,425
02. AEP Resources Limited [Note H] 100% 1 837 837
02. AEP Energy Services, Inc. [Note D] 100% 200 (82,158) (82,158)
03. AEP Energy Services Gas Holding Company [Note CC] 100% 10 9,702 9,702
04. AEP Energy Services Gas Holding Company II, LLC [Note CC] 100% Uncertified 397,535 397,535
05. Caddis Partners, LLC [Note CC] 100% Uncertified - -
05. AEP Energy Services Ventures III, Inc. [Note CC] 100% 10 176,624 176,624
05. HPL Holdings Inc. [Note CC] 100% 100 559,138 559,138
06. AEP Gas Marketing, LP [Note CC] 99.50% 0.50% Partnership (1,829) (1,818)
06. HPL GP, LLC [Note CC] 100% 5 (987) (987)
07. HPL Resources Company LP [Note CC] 0.50% 99.50% Uncertified (2) -
07. AEP Gas Marketing, LP [Note CC] 0.50% 99.50% Partnership (1,829) (11)
07. Houston Pipe Line Company LP [Note CC] 0.50% 99.50% Partnership 534,822 (970)
08. AEP Houston Pipe Line Company, LLC [Note CC] 100% Uncertified - -
08. Mid-Texas Pipeline Company [Note CC] 50% 50% Partnership 67,437 33,718
06. HPL Resources Company LP [Note CC] 99.50% 0.50% Partnership (2) (2)
06. Houston Pipe Line Company LP [Note CC] 99.50% 0.50% Partnership 534,822 535,792
07. Mid-Texas Pipeline Company [Note CC] 50% 50% Partnership 67,437 33,718
07. AEP Houston Pipe Line Company, LLC [Note CC] 100% Uncertified - -
05. AEP Energy Services Investments, Inc. [Note CC] 100% 100 97,211 97,211
06. LIG Pipeline Company [Note CC] 100% 100 97,151 97,151
07. LIG, Inc. [Note CC] 100% 100 9,688 9,688
08. Louisiana Intrastate Gas Company, L.L.C. [Note CC] 10% 90% 100 97,225 9,722
09. LIG Chemical Company [Note CC] 100% 100 (16,099) (16,099)
10. LIG Liquids Company, L.L.C. [Note CC] 10% 90% 10 16,288 1,629
09. LIG Liquids Company, L.L.C. [Note CC] 90% 10% 90 16,288 14,659
09. Tuscaloosa Pipeline Company [Note CC] 100% 100 640 640
07. Louisiana Intrastate Gas Company, L.L.C. [Note CC] 90% 10% 900 97,225 87,503
08. LIG Chemical Company [Note CC] 100% 900 (16,099) (16,099)
09. LIG Liquids Company, L.L.C. [Note CC] 10% 90% 90 16,288 1,629
08. LIG Liquids Company, L.L.C. [Note CC] 90% 10% 810 16,288 14,659
08. Tuscaloosa Pipeline Company [Note CC] 100% 900 640 640
05. AEP Energy Services Ventures, Inc. [Note CC] 100% 100 (56,846) (56,846)
06. AEP Acquisition, LLC [Note CC] 50% 50% Uncertified (129,058) (64,529)
07. Jefferson Island Storage & Hub L.L.C. [Note CC] 100% 50 78,220 78,220
05. AEP Energy Services Ventures II, Inc. [Note CC] 100% 10 (56,235) (56,235)
06. AEP Acquisition, LLC [Note CC] 50% 50% Uncertified (129,058) (64,529)
07. Jefferson Island Storage & Hub L.L.C. [Note CC] 100% 50 78,220 78,220
02. Ventures Lease Co., LLC [Note Q] 100% Uncertified (170,158) (170,158)
02. AEPR Ohio, LLC 100% Uncertified (518,103) (518,103)
03. AEP Delaware Investment Company III [Note H] 100% Uncertified (518,444) (518,444)
04. AEP Holdings I CV [Note H] 92% 8% Uncertified (929,347) (806,289)
05. AEPR Global Investments BV [Note H] 100% Uncertified (929,451) (929,451)
06. AEPR Global Holland Holding BV [Note H] 100% Uncertified (553,758) (553,758)
06. AEP Energy Services UK Generation Limited [Note H] 100% Uncertified (379,024) (379,024)
01. Appalachian Power Company [Note J] 98.7% Com 1.3% Prf 13,499,500 1,336,988 1,389,075
02. Cedar Coal Co. [Note K] 100% 2,000 4,448 5,947
02. Central Appalachian Coal Company [Note K] 100% 3,000 882 882
02. Central Coal Company [Note K] 50% 50% 1,500 604 604
02. Southern Appalachian Coal Company [Note K] 100% 6,950 10,772 10,772
01. Columbus Southern Power Company [Note J] 100% 16,410,426 897,946 897,946
02. Colomet, Inc. [Note T] 100% 1,500 4,543 4,543
02. Conesville Coal Preparation Company [Note M] 100% 100 1,674 1,674
02. Simco Inc. [Note N] 100% 90,000 498 498
02. Ohio Valley Electric Corporation [Note E] 4.30% 39.90% 4,300 430 430
03. Indiana-Kentucky Electric Corporation [Note E] 100% 17,000 - -
01. Franklin Real Estate Company [Note T] 100% 100 30 28
02. Indiana Franklin Realty, Inc. [Note T] 100% 10 1 1
01. Indiana Michigan Power Company [Note J] 100% 1,400,000 1,078,048 1,103,154
02. Blackhawk Coal Company [Note K] 100% 39,521 43,589 43,748
02. Price River Coal Company [Note K] 100% 1,091 27 27
01. Kentucky Power Company [Note J] 100% 1,009,000 317,138 323,351
01. Kingsport Power Company [Note J] 100% 410,000 25,375 27,008
01. Ohio Power Company [Note J] 99.2% Com 0.8% Prf 27,952,473 1,464,025 1,464,025
02. Cardinal Operating Company [Note E] 50% 50% 250 29,899 14,949
02. Central Coal Company [Note K] 50% 50% 1,500 603 603
01. Ohio Valley Electric Corporation [Note E] 39.90% 4.30% 39,900 - 4,082
02. Indiana-Kentucky Electric Corporation [Note E] 100% 17,000 - -
01. Wheeling Power Company [Note J] 100% 150,000 33,751 36,202
01. AEP Utilities, Inc. [Note O] 100% 100 2,433,048 2,612,748
02. AEP Texas Central Company [Note J] 100% 2,211,678 1,209,049 1,209,049
03. AEP Texas Central Transition Funding LLC [Note AA] 100% Uncertified 4,066 4,066
02. Public Service Company of Oklahoma [Note J] 100% 9,013,000 483,008 483,008
02. Southwestern Electric Power Company [Note J] 100% 7,536,640 696,660 696,660
03. The Arklahoma Corporation [Note P] 47.60% 52.40% 238 350 350
03. Southwest Arkansas Utilities Corporation [Note T] 100% 100 10 10
03. Dolet Hills Lignite Company, LLC [Note L] 100% Uncertified 15,224 15,224
02. AEP Texas North Company [Note J] 100% 5,488,560 238,275 238,275
02. AEP Credit, Inc. [Note R] 100% 246 27,043 27,043
02. C3 Communications, Inc. [Note C] 100% 1,000 (185,690) (185,690)
03. C3 Networks GP, L.L.C. [Note C] 100% Uncertified - -
04. C3 Networks & Communications Limited Partnership [Note C] 0.50% 99.50% Partnership - -
04. C3 Networks Limited Partnership [Note C] 0.50% 49.75% Partnership - -
05. C3 Networks & Communications Limited Partnership [Note C] 99.50% 0.50% Partnership - -
03. C3 Networks Limited Partnership [Note C] 49.75% 49.75% Partnership - -
04. C3 Networks & Communications Limited Partnership [Note C] 99.50% 0.50% Partnership - -
03. CSWC License, Inc. [Note C] 100% Uncertified - -
02. CSW Energy, Inc. [Note S] 100% 1,000 (1,579) (1,579)
03. AEP Wind Holding, LLC 100% Uncertified 10,199 10,199
04. AEP Wind GP, LLC [Note X] 100% Uncertified 1,390 1,390
04. Trent Wind Farm, LP [Note X] 1.00% 99.00% Partnership 609 609
04. AEP Wind LP II, LLC [Note X] 100% Uncertified 8,196 8,196
05. Trent Wind Farm, LP [Note X] 99% 1% Partnership 60,316 60,316
04. Golden Prairie Holding Company LLC 100% Uncertified - -
05. Golden Prairie Wind Farm LLC 100% Uncertified - -
04. AEP Properties, LLC 100% Uncertified 1,217 1,217
04. AEP Wind Energy, LLC 100% Uncertified - -
03. AEP Wind LP, LLC [Note X] 100% 9 129,427 129,427
03. CSW Development-I, Inc. [Note S] 100% 1,000 58,088 58,088
04. Polk Power GP II, Inc. [Note S] 50% 50% 500 964 964
05. Polk Power GP, Inc. [Note S] 100% 1,000 605 605
06. Polk Power Partners, LP [Note S] 1% 49.50% Partnership 625 625
07. Mulberry Holdings, Inc. [Note N] 100% Uncertified - -
04. CSW Mulberry II, Inc. [[Note S] 100% 1,000 28,019 28,019
05. CSW Mulberry, Inc. [Note S] 100% 1,000 28,019 28,019
04. Polk Power Partners, LP [Note S] 49.50% 1% Partnership 28,616 28,616
05. Mulberry Holdings, Inc. [Note N] 100% Uncertified - -
04. Noah I Power GP, Inc. [Note S] 100% 1,000 28 28
05. Noah I Power Partners, LP [Note S] 1% 95% Partnership 202 202
06. Brush Cogeneration Partners [Note S] 50% 50% Partnership - -
04. Noah I Power Partners, LP [Note S] 95% 1% Partnership 19,209 19,209
05. Brush Cogeneration Partners [Note S] 50% 50% Partnership 21,583 21,583
04. Orange Cogeneration GP II, Inc. [Note S] 50% 50% 500 91 91
05. Orange Cogeneration G.P., Inc. [Note S] 100% 1,000 182 182
06. Orange Cogeneration Limited Partnership [Note S] 1.00% 49.50% Partnership 81 81
07. Orange Cogen Funding Corp. [Note S] 100% 1,000 1 1
08. Orange Holdings, Inc. [Note N] 100% Uncertified - -
04. CSW Orange II, Inc. [Note S] 100% 1,000 10,545 10,545
05. CSW Orange, Inc. [Note S] 100% 1,000 10,545 10,545
06. Orange Cogeneration Limited Partnership [Note S] 49.50% 1% Partnership 4,005 4,005
07. Orange Cogen Funding Corp. [Note S] 100% Uncertified - -
08. Orange Holdings, Inc. [Note N] 100% Uncertified - -
03. CSW Ft. Lupton, Inc. [Note S] 100% 1,000 104,500 104,500
04. Thermo Cogeneration Partnership, L.P. [Note S] 50% 50% Partnership 10,320 10,320
04. Cogeneration Holdings LLC. [Note S] 50% 50% Uncertified 9,909 9,909
03. Newgulf Power Venture, Inc. [Note S] 100% 1,000 3,580 3,850
03. CSW Sweeny GP I, Inc. [Note S] 100% 1,000 609 609
04. CSW Sweeny GP II, Inc. [Note S] 100% 1,000 940 940
05. Sweeny Cogeneration Limited Partnership [Note S] 1% 49% Partnership 542 542
03. CSW Sweeny LP I, Inc. [Note S] 100% 1,000 27,028 27,028
04. CSW Sweeny LP II, Inc. [Note S] 100% 1,000 35,549 35,549
05. Sweeney Cogeneration Limited Partnership [Note S] 49% 1% Partnership 26,559 26,559
03. CSW Power Marketing, Inc. [Note N] 100% Uncertified - -
03. CSW Services International, Inc. [Note I] 100% Uncertified - -
02. CSW International, Inc. [Note H] 100% 1,000 5,020 5,020
03. CSW International Two, Inc. [Note H] 100% 1,000 - -
04. CSW UK Holdings [Note H] 100% 427,275,004 - -
05. CSWI Europe Limited [Note H] 100% 1,000 (33,627) (33,627)
06. South Coast Power Limited [Note H] 50% 50% 1 - -
06. Shoreham Operations Company Limited [Note H] 50% 50% 2 - -
05. CSW UK Finance Company [Note H] 90% 10% Uncertified - -
04 CSW UK Finance Company 10% 90% Uncertified - -
04. CSW UK Investments Limited [Note H] 100% Uncertified - -
03. CSW International, Inc. (a Cayman Island Company) [Note H] 100% 1,00 (41,982) (41,982)
04. CSW Vale L.L.C. [Note H] 99% 1% Uncertified (41,562) (41,562)
03. CSW Vale L.L.C. [Note H] 1% 99% Uncertified (420) (420)
03. CSW International Energy Development Ltd. [Note H] 100% Uncertified - -
04. Tenaska CSW International Ltd. [Note H] 50% 50% 1,000 - -
02. CSW Energy Services, Inc. [Note I] 100% Uncertified - -
03. Nuvest, L.L.C. [Note U] 92.90% 7.10% Uncertified - -
04. National Temporary Services, Inc. [Note U] 100% Uncertified - -
05. Octagon, Inc. [Note U] 100% Uncertified - -
04. Numanco, L.L.C. [Note U] 100% Uncertified - -
05. NuSun, Inc. [Note U] 100% Uncertified - -
06. Sun Technical Services, Inc. [Note U] 100% Uncertified - -
06. Calibration and Testing Corporation [Note U] 100% Uncertified - -
05. ESG, L.L.C. [Note U] 50% 50% Uncertified - -
05. Numanco Services, LLC [U] 100% Uncertified - -
Notes:
------
A. Public utility holding company.
B. Management, professional and technical services.
C. Telecommunications.
D. Broker and market energy commodities.
E. Generation.
F. Investor in companies developing energy-related ideas, products and
technologies.
G. Distributed generation products.
H. International energy-related investments, trading and other projects.
I. Non-regulated energy-related services and products.
J. Domestic electric utility.
K. Coal mining (inactive).
L. Coal mining (active).
M. Coal preparation.
N. Inactive.
O. Subsidiary public utility holding company.
P. Electric transmission.
Q. Leasing.
R. Accounts receivable factoring.
S. Independent power.
T. Real estate.
U. Staff augmentation to power plants.
V. Retail energy sales.
W. Marketing of natural gas, electricity or energy-related products.
X. Wind Power Generation.
Y. Barging Services
AA. Finance Subsidiary
BB. Energy services including operations, supply chain, transmission and
distribution
CC. Gas pipeline and processing
DD. Domestic energy-related investments, trading and other projects
CHANGES
-------
Name Changes
a. From AEP Resources International, Limited To NGLE International, Limited
b. From AEP Resources Project Management Company, Limited To NGLE Project
Management Company, Limited
c. From AEP UK Holding, LLC To AEP Transportation, LLC
d. Central and South West, Inc. to AEP Utilities, Inc.
e. Houston Pipe Line Company, LLC to AEP Houston Pipe Line, LLC
f. CPL Transition Funding LLC to AEP Texas Central Transition Funding LLC
Formations Jurisdiction Date
---------- ------------ ------
AEP Wind Energy, LLC Delaware 4/22/2003
AEP Coal Marketing, LLC Delaware 1/22/2003
AEP Emissions Marketing, LLC Delaware 1/22/2003
AEP Houston Pipe Line Company, LLC Delaware 3/7/2003
AEP Transportation, LLC f/k/a AEP UK Holding, LLC Delaware 1/23/2003
AEP Wind Holding, LLC Delaware 1/23/2003
Leesville Land, LLC Delaware 2/11/2003
Springdale Land, LLC Delaware 2/11/2003
AEP Wind Energy, LLC Delaware 4/22/2003
Changes in Status Type of Change Date
----------------- -------------- ------
AEP Energy Services (Austria) Gmbh Dissolved 9/2/2003
AEP Funding Limited Dissolved 3/31/2003
CSW Power do Brasil Ltda. Dissolved 5/9/2003
Enershop Inc. Dissolved 6/30/2003
CSW Development 3, Inc. Dissolved 2/7/2003
CSW Development II, Inc. Dissolved 2/7/2003
CSW International (U.K.), Inc. Dissolved 2/7/2003
CSW Nevada, Inc. Dissolved 12/31/2003
CSW Northwest GP, Inc. Dissolved 12/31/2003
CSW Northwest LP, Inc. Dissolved 12/31/2003
CSWI Netherlands, Inc. Dissolved 12/31/2003
Energy Trading Platform Holding Company Dissolved 12/31/2003
Envirotherm, Inc. Dissolved 2/7/2003
Mutual Energy Service Company, LLC Sold 3/1/2003
AEP Energy Services Norway AS Sold 4/25/2003
AEP Energy Services (Switzerland) Gmbh Dissolved 12/3/2003
AEP Ohio Commercial & Industrial Retail Company, LLC Dissolved 12/12/2003
AEP Resources Do Brasil Ltda. Sold 10/17/2003
AEP Retail Energy, LLC Dissolved 12/12/2003
Caiua-Servicos de Electricidade Sold 10/17/2003
CSW Eastex GP I, Inc. Dissolved 12/12/2003
CSW Eastex GP II, Inc. Dissolved 12/31/2003
CSW Eastex LP I, Inc. Dissolved 12/31/2003
CSW Eastex LP II, Inc. Dissolved 12/31/2003
CSWC Southwest Holdings, Inc. Dissolved 12/31/2003
CSWC Telechoice Management, Inc. Dissolved 12/12/2003
Eastex Cogeneration Limited Partnership Dissolved 12/12/2003
Empressa de Electricidade Vale de Paranapanema S.A. Sold 10/17/2003
Industry And Energy Associates LLC Sold 10/20/2003
IPS Eastex, L.L.C. Dissolved 12/31/2003
Southwestern Wholesale Electric Company Dissolved 12/5/2003
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
Acquisition of Utility Assets:
-----------------------------
Brief Description of
Name of Company Consideration Transaction Location Exemption
--------------- ------------- -------------------- -------- ---------
None
Sale of Utility Assets:
----------------------
Brief Description of
Name of Company Consideration Transaction Location Exemption
--------------- ------------- -------------------- -------- ---------
Sale of two transformers
Columbus Southern and facilities at OSU 138
Power Company $1,284,000.00 KV Substation * Columbus, Ohio Rule 44
AEP Texas
Central Company 1,250,000.00 Sale of 5,000 poles Texas Rule 44
AEP Texas Sale of Dupont-Victoria Victoria
Central Company 3,740,125.38 Substation County, Texas Rule 44
Indiana Michigan Michigan and
Power Company 5,611,275.00 Sale of 24,939 poles Indiana Rule 44
* Equipment sold for a total purchase price of $3,852,000 in 2001. Payments of one-third each were received in 2001 and 2002,
and the final one-third payment
was received in 2003.
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
Name of Issuer and Consideration Authorization
Description of Issues Date and Form of Transactions (in thousands) or Exemption
(1) (2) (3) (4)
--------------------- ----------------------------- ------------- -------------
Appalachian Power Company (APCo):
---------------------------------
Senior Unsecured Notes,
3.60% Series, Due 2008 04/30/03 - Public Offering $198,566 Rule 52
5.95% Series, Due 2033 04/30/03 - Public Offering 197,678 Rule 52
Columbus Southern Power Company (CSPCo):
----------------------------------------
Senior Unsecured Notes,
5.50% Series, Due 2013 02/11/03 - Public Offering 247,718 Rule 52
6.60% Series, Due 2033 02/11/03 - Public Offering 246,633 Rule 52
4.40% Series, Due 2010 11/20/03 - Public Offering 148,564 Rule 52
CSW Energy (Trent Wind Farm)(CSWE):
-----------------------------------
Note Payable,
Variable Note, Due 2011 11/18/03 - Private Offering 74,250 Rule 52
Dolet Hills Lignite Co. LLC (DHLC):
-----------------------------------
Note Payable,
4.47% Note, Due 2011 05/16/03 - Private Offering 44,324 Rule 52
Kentucky Power Company (KPCo):
------------------------------
Senior Unsecured Notes,
5.625% Series, Due 2032 06/10/03 - Public Offering 74,169 Rule 52
Ohio Power Company (OPCo):
--------------------------
Senior Unsecured Notes,
5.50% Series, Due 2013 02/11/03 - Public Offering 247,728 Rule 52
6.60% Series, Due 2033 02/11/03 - Public Offering 246,648 Rule 52
4.85% Series, Due 2014 07/08/03 - Public Offering 223,153 Rule 52
6.375% Series,Due 2033 07/08/03 - Public Offering 220,986 Rule 52
Public Service of Oklahoma (PSO):
---------------------------------
Senior Unsecured Notes,
4.85% Series, Due 2010 09/10/03 - Public Offering 148,607 Rule 52
Sabine Mining Company (Sabine):
-------------------------------
Notes Payable,
6.36% Note, Due 2007 07/01/03 - Private Offering 4,000 Rule 52
Variable Note, Due 2008 07/01/03 - Private Offering 15,000 Rule 52
7.03% Note, Due 2012 07/01/03 - Private Offering 20,000 Rule 52
GUARANTEE:
At December 31, 2003, American Electric Power Company, Inc. had outstanding
parental guaranties of approximately $2.1 billion.
Note: We have not reported transactions previously reported on form U-6B2.
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES
Name of Company Extinguished (EXT)
Name of Issuer and Acquiring, Redeeming or Consideration or Held (H) for Authorization
Title of Issue Retiring Securities (in thousands) Further Disposition or Exemption
(1) (2) (3) (4) (5)
------------------ ----------------------- ------------- ------------------- -------------
American Electric Power Company (AEP):
--------------------------------------
Senior Unsecured Notes
6.125% Series Due 2006 AEP $49,140 EXT Rule 42
5.50% Series Due 2003 AEP 250,000 EXT Rule 42
AEP Desert Sky (AEPDS):
-----------------------
Note Payable
Variable Series Due 2017 AEPDS 6,459 EXT Rule 42
AEP Texas Central Company (TCC):
--------------------------------
Cumulative Preferred Stock
$100 Par Value
4.00% Series TCC 1 EXT Rule 42
First Mortgage Bonds
6.875% Series Due 2003 TCC 16,418 EXT Rule 42
7.50% Series Due 2023 TCC 17,996 EXT Rule 42
AEP Texas North Company (TNC):
------------------------------
Cumulative Preferred Stock
$100 Par Value
4.40% Series TNC 7 EXT Rule 42
AEP Resources, Inc.(AEPR):
--------------------------
Senior Unsecured Notes Payable
6-1/2% Series Due 2003 AEPR 350,000 EXT Rule 42
American Electric Power Service Corp (AEPSC):
---------------------------------------------
Mortgage Notes
9.60% Series Due 2008 AEPSC 2,000 EXT Rule 42
6.355% Series Due 2003 AEPSC 10,000 EXT Rule 42
Appalachian Power Company (APCo):
---------------------------------
Cumulative Preferred Stock
No Par Value
4-1/2% Series APCo 3 EXT Rule 42
5.90% Series APCo 2,500 EXT Rule 42
5.92% Series APCo 3,000 EXT Rule 42
First Mortgage Bonds
8.50% Series Due 2022 APCo 70,000 EXT Rule 42
7.80% Series Due 2023 APCo 31,416 EXT Rule 42
7.15% Series Due 2023 APCo 20,000 EXT Rule 42
6.00% Series Due 2003 APCo 30,000 EXT Rule 42
Senior Unsecured Notes
7.20% Series Due 2038 APCo 100,000 EXT Rule 42
7.30% Series Due 2038 APCo 100,000 EXT Rule 42
Variable Series Due 2003 APCo 125,000 EXT Rule 42
Columbus Southern Power Company (CSPCo):
----------------------------------------
First Mortgage Bonds
8.70% Series Due 2022 CSPCo 2,087 EXT Rule 42
8.55% Series Due 2022 CSPCo 15,642 EXT Rule 42
8.40% Series Due 2022 CSPCo 14,588 EXT Rule 42
8.40% Series Due 2022 CSPCo 13,546 EXT Rule 42
6.80% Series Due 2003 CSPCo 13,000 EXT Rule 42
6.55% Series Due 2004 CSPCo 26,500 EXT Rule 42
6.75% Series Due 2004 CSPCo 26,000 EXT Rule 42
7.90% Series Due 2023 CSPCo 41,580 EXT Rule 42
7.75% Series Due 2023 CSPCo 34,409 EXT Rule 42
6.60% Series Due 2003 CSPCo 25,000 EXT Rule 42
6.10% Series Due 2003 CSPCo 5,000 EXT Rule 42
CPL Transition Funding (CPLTF):
-------------------------------
Securitization Bonds
3.54% Series Due 2005 CPLTF 51,013 EXT Rule 42
Dolet Hills Lignite Company (DHLC):
-----------------------------------
Note Payable
4.47% Series Due 2011 DHLC $3,984 EXT Rule 42
Indiana Michigan Power Company (I&M):
-------------------------------------
Cumulative Preferred Stock
$100 Par Value
6-7/8% Series I&M 1,500 EXT Rule 42
First Mortgage Bonds
6.10% Series Due 2003 I&M 30,000 EXT Rule 42
8.50% Series Due 2022 I&M 75,000 EXT Rule 42
7.35% Series Due 2023 I&M 15,000 EXT Rule 42
Junior Debentures
8.00% Series Due 2026 I&M 40,000 EXT Rule 42
7.60% Series Due 2038 I&M 125,000 EXT Rule 42
JMG Funding Corporation (JMG):
------------------------------
Note Payable
6.81% Series Due 2008 JMG 1,463 EXT Rule 42
Kentucky Power Company (KPCo):
------------------------------
Junior Debentures
8.72% Series Due 2025 KPCo 40,000 EXT Rule 42
Ohio Power Company (OPCo):
--------------------------
Preferred Stock
$100 Par Value
4-1/2% Series OPCo 1 EXT Rule 42
6.02% Series OPCo 1,100 EXT Rule 42
6.35% Series OPCo 500 EXT Rule 42
First Mortgage Bonds
6.75% Series Due 2003 OPCo 29,850 EXT Rule 42
6.55% Series Due 2003 OPCo 27,315 EXT Rule 42
6.00% Series Due 2003 OPCo 12,500 EXT Rule 42
6.15% Series Due 2003 OPCo 20,000 EXT Rule 42
7.75% Series Due 2023 OPCo 5,194 EXT Rule 42
7.375% Series Due 2023 OPCo 20,997 EXT Rule 42
7.10% Series Due 2023 OPCo 12,426 EXT Rule 42
Public Service Company of Oklahoma (PSO):
-----------------------------------------
First Mortgage Bonds
6.25% Series Due 2003 PSO 35,000 EXT Rule 42
7.25% Series Due 2003 PSO 65,000 EXT Rule 42
7.375% Series Due 2023 PSO 102,970 EXT Rule 42
Sabine Mining Company (Sabine):
-------------------------------
Notes Payable
Variable Series Due 2008 Sabine 1,500 EXT Rule 42
Southwestern Electric Power Company (SWEPCo):
---------------------------------------------
Preferred Stock
$100 Par Value
5.0% Series SWEPCo 1 EXT Rule 42
First Mortgage Bonds
6-1/5% Series Due 2006 SWEPCo 145 EXT Rule 42
6-5/8% Series Due 2003 SWEPCo 55,000 EXT Rule 42
7-1/4% Series Due 2023 SWEPCo 46,377 EXT Rule 42
Trust Preferred Securities
7-875% Series Due 2037 SWEPCo 113,402 EXT Rule 42
Note: We have not reported transactions previously reported on form U-6B2.
ITEM 5. INVESTMENTS IN SECURITIES OF NONSYSTEM COMPANIES AS OF DECEMBER 31, 2003.
1. Aggregate amount of investments in persons operating in the retail service
area of AEP or of its subsidiaries.
Aggregate Amount of
Investments in
Persons(Entities),
Operating in Retail Number of
Name of Service Area of Persons Description of
Company Owner (Entities) Persons (Entities)
(1) (2) (3) (4)
------------------------- ------------------- ----------- -----------------------------------
Appalachian Power Company $1,291 10 Economic and Industrial Development
Corporations
Wheeling Power Company 13 1 Industrial Development Corporation
2. Subsidiaries owned not included in 1 above.
None
ITEM 6. OFFICERS AND DIRECTORS
PART I as of December 31, 2003
The following are the abbreviations to be used for principal business address
and positions.
Principal Business Address Code
--------------------------------------
1 Riverside Plaza
Columbus, OH 43215 (a)
155 W. Nationwide Blvd, Ste 500
Columbus, OH 43215 (b)
700 Morrison Road
Gahanna, OH 43230 (c)
P.O. Box 60
Fort Wayne, IN 46801 (d)
40 Franklin Road
Roanoke, VA 24022 (e)
Pushan Power Plant, Admin. Bldg.
Nanyang City, Henan Province
China 473000 (f)
Walker House
P.O. Box 908GT
George Town, Grand Cayman
Cayman Islands (g)
400 W. 15th Street
Austin, TX 78701 (h)
1105 North Market Street
Wilmington, DE 19801 (i)
624 Bourke Street, Level 15
Melbourne, Victoria
3000 Australia (j)
29/30 St. James's Street, London
SW1A 1HB, Great Britain (k)
P.O. Box B
Brilliant, OH 43913 (l)
248 South Lake Drive
Prestonburg, KY 41653 (n)
1 Atlantic Quay
Glasgow, Scotland (m)
222 Bayou Road
Belle Chasse, LA 70037 (o)
P.O. Box 127, Convent, LA 70723 (p)
Herengracht 548
Rokin 55, 1012 KK Amsterdam
The Netherlands (q)
Suite 400, Deseret Building
Salt Lake City, UT 84111 (r)
Ste 5B,Level 66,MLC Cntr,Martin Plc,
Sydney NSW 2000, Australia (s)
P.O. Box 1328
Fayettesville, AR 72702 (t)
5475 William Flynn Highway
Gibsonia, PA 15044 (u)
16090 Swingley Ridge Rd.#600
Chesterfield, MO 63017 (v)
P.O. Box 468
Piketon, Ohio 45661 (w)
Basin Road S.,Portslade,Brighton
East Sussex BN41 1WF GB (y)
474 Flinders Street
Melbourne, Victoria
3000 Australia (aa)
1201 Louisiana St., Suite 1200
Houston, TX 77002 (bb)
Av Dr. Churcrizaldan, 920-8E
13 Andares, Market Place Tower
04583-404-Sao Paulo-SP-Brazil (cc)
50 Berkeley Street, 6th Fl.
Mayfair, London W1J8AP GB (ff)
1616 Woodall Rodgers Freeway
Dallas, TX 75202 (ll)
Torre Chapultepec Piso 13
Ruben Dario, No.281,
Bosques de Chapultepec
11580 Mexico, D.F. (pp)
Williams Tower 2, W. 2nd Street
Tulsa, OK 74121 (qq)
428 Travis Street
Shreveport, LA 71101 (rr)
Code Position
----------------------
AGC Associate General Counsel
AS Assistant Secretary
AT Assistant Treasurer
B Board of Managers
C Controller
CAO Chief Accounting Officer
CB Chairman of the Board
CCO Chief Credit Officer
CEO Chief Executive Officer
CFO Chief Financial Officer
CIO Chief Information Officer
CSO Chief Security Officer
CNO Chief Nuclear Officer
COO Chief Operating Officer
CRO Chief Risk Officer
D Director
DC Deputy Controller
DGC Deputy General Counsel
EVP Executive Vice President
GC General Counsel
GM General Manager
MD Managing Director
P President
S Secretary
SVP Senior Vice President
T Treasurer
VCB Vice Chairman of the Board
VP Vice President
The officer's or director's principal business address is the same as indicated
in the Company heading unless another address is provided with the individual's
name.
American Electric Power Company, Inc.
Name and Principal Address(a) Position
--------------------------------------
E. R. Brooks D
3919 Crescent Drive
Granbury, TX 76049
Donald M. Carlton D
8501 Mo-Pac Blvd.
Austin, TX 78720
John P. DesBarres D
P.O. Box 189
Park City, UT 84060
E. Linn Draper, Jr. D,CB,P,CEO
Robert W. Fri D
6001 Overlea Road
Bethesda, MD 20816
William R. Howell D
42113 N. 105th Street
Scottsdale, AZ 85262
Lester A Hudson, Jr. D
MSC#1223
Queens University
1900 Selwyn Ave.
Charlotte, NC 28274
Leonard J. Kujawa D
2660 Peachtree Rd. N.W
Atlanta, GA 30305
Richard L. Sandor D
111 W. Jackson Blvd., 14th FL.
Chicago, IL 60604
Thomas V. Shockley, III D,VCB
Donald G. Smith D
P.O. Box 13948
Roanoke, VA 24038
Linda Gillespie Stuntz D
555 Eleventh St. N.W.
Washington, DC 20004
Kathryn D. Sullivan D
795 Old Oak Trace
Columbus, OH 43235
Henry W. Fayne VP
Susan Tomasky VP,S,CFO
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Thomas G. Berkemeyer AS
Jeffrey D. Cross AS
Wendy G. Hargus (ll) AT
AEP Acquisition, L.L.C.
Name and Principal Address(a) Position
--------------------------------------
Holly Keller Koeppel (b) P
Thomas V. Shockley,III CB
Jeffrey D. Cross VP
Armando A. Pena VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Coal, Inc.
Name and Principal Address(a) Position
--------------------------------------
Michael J. Beyer (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Susan Tomasky D,VP
Nelson L. Kidder (n) VP
David G. Zatezalo (n) VP
Timothy A. King S
AEP Coal Marketing, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,P
Armando A. Pena B,VP
Charles E. Zebula (b) B,VP
C. R. Boyle, III (b) VP
Ronald A. Erd VP
Kevin McGowan (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Communications, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Gregory S. Campbell (b) VP
Holly Keller Koeppel (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Communications, LLC
Name and Principal Address(a) Position
--------------------------------------
Holly Keller Koeppel (b) B,VP
Armando A. Pena B
Susan Tomasky B,P
Stephen P. Smith T
Timothy A. King S
AEP Credit, Inc.
Name and Principal Address(a) Position
--------------------------------------
E. Linn Draper, Jr. D,CB,CEO,P
Henry W. Fayne D,VP
Thomas M. Hagan D
L. T. McDowell D
13303 Peyton Drive
Dallas, TX 75240
Armando A. Pena D
Thomas V. Shockley, III D
Susan Tomasky D,VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP C&I Company, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,CB,P
Stephen P. Smith T
Timothy A. King S
AEP Delaware Investment Company
Name and Principal Address(i) Position
--------------------------------------
Sean Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,P
Mark A. Pyle (a) D
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
AEP Delaware Investment Company II
Name and Principal Address(i) Position
--------------------------------------
Sean Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,P
Mark A. Pyle (a) D
Lonnie L. Dieck (b) VP
Holly Keller Koeppel (b) VP
Randy G. Ryan (b) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto(a) C
AEP Delaware Investment Company III
Name and Principal Address(i) Position
--------------------------------------
Sean Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,P
Mark A. Pyle (a) D
Stephen P. Smith (a) T
Joseph M. Buonaiuto(a) C
AEP Desert Sky GP, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,CB,P
Ronald A. Erd VP
A. Wade Smith VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Desert Sky LP, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,CB,P
Ronald A. Erd VP
A. Wade Smith VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Desert Sky LP II, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,CB,P
Ronald A. Erd VP
A. Wade Smith VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Elmwood LLC
Name and Principal Address(o) Position
--------------------------------------
Holly Keller Koeppel(b) B,VP
Armando A. Pena (a) B
Mark K. Knoy (v) P
Michael J. Beyer (b) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
AEP Emissions Marketing, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,P
Armando A. Pena B,VP
Charles E. Zebula (b) B,VP
C. R. Boyle, III (b) VP
Ronald A. Erd VP
Kevin J. McGowan (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP EmTech, LLC
Name and Principal Address(a) Position
--------------------------------------
Henry W. Fayne B
Thomas V. Shockley,III B
Susan Tomasky B
Paul Chodak III P
Jeffrey D. Cross VP
Thomas L. Jones VP
Holly Keller Koeppel (b) VP
John H. Provanzana VP
Stephen P. Smith T
Timothy A. King S
AEP Energy Services Gas Holding Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
E. Linn Draper, Jr. D,CB,CEO
Holly Keller Koeppel (b) D,VP
Armando A. Pena D,VP
Thomas V. Shockley,III D,P
Susan Tomasky D
Ronald A. Erd VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Energy Services Gas Holding Company II, LLC
Name and Principal Address(a) Position
--------------------------------------
None
AEP Energy Services GmbH
(IN LIQUIDATION 2/3/03)
Name and Principal Address(ff)Position
--------------------------------------
Armando A. Pena (a) LIQUIDATOR
AEP Energy Services Investments, Inc.
Name and Principal Address(i) Position
--------------------------------------
Sean A. Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,VP
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
AEP Energy Services Limited
Name and Principal Address(ff)Position
--------------------------------------
Jeffrey D. Cross (a) D
Ronald A. Erd (a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D
Stuart W. Staley MD
John David Young D
Wendy Hargus (ll) T
Linda M. Pszon S
AEP Energy Services Trading Limited
Name and Principal Address(ff)Position
--------------------------------------
Stuart W. Staley D
John David Young D
Armando A. Pena (a) T
Linda M. Pszon S
AEP Energy Services(Australia)Pty Ltd
Name and Principal Address(s)Position
-------------------------------------
Jeffrey D. Cross (a) D
Ronald A. Erd (a) D
Paul Robert Rainey D,S
600 Bourke Street, Melbourn,
Victoria, 3000 Australia
John David Young (ff) D
Armando A. Pena (a) T
Linda M. Pszon (ff) S
AEP Energy Services, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Ronald A. Erd VP
Nelson L. Kidder (n) VP
Donald B. Simpson (b) VP
David G Zatezalo (n) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Energy Services UK Generation Limited
Name and Principal Address(ff)Position
--------------------------------------
Paul E. Connon D
Jeffrey D. Cross (a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D
Surinder S. Toor D
Wendy G. Hargus (ll) T
Linda M. Pszon S
AEP Energy Services Ventures, Inc.
Name and Principal Address(i) Position
--------------------------------------
Sean A. Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,VP
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
AEP Energy Services Ventures II, Inc.
Name and Principal Address(i) Position
--------------------------------------
Sean A. Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,VP
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
AEP Energy Services Ventures III, Inc.
Name and Principal Address(i) Position
--------------------------------------
Sean A. Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,VP
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
AEP Fiber Venture, LLC
Name and Principal Address(a) Position
--------------------------------------
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Susan Tomasky B,P
Jeffrey D. Cross VP
Stephen P. Smith T
Timothy A. King S
AEP Gas Marketing LP
Name and Principal Address(bb)Position
--------------------------------------
Holly Keller Koeppel (b) P
Jeffrey D. Cross (a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Armando A. Pena (a) VP
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Stephen P. Smith T
Timothy A. King (a) S
AEP Gas Power GP, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Armando A. Pena B
Robert P. Powers B,VP
Thomas V. Shockley,III B,CB,P
Stephen P. Smith T
Timothy A. King S
AEP Gas Power Systems, LLC
Name and Principal Address(a) Position
--------------------------------------
Charles C. Cooper B
430 Telser Road
Lake Zurich, IL 60047-1588
Daniel O. Dickinson B
430 Telser Road
Lake Zurich, IL 60047-1588
Robert P. Powers B
Michael W. Rencheck B
Mark W. Marano P,CEO
Armando A. Pena T
Timothy A. King S
AEP Generating Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
William L. Sigmon,Jr. (b) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Houston Pipe Line Company, LLC
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
Holly Keller Koeppel (b) B,P
Armando A. Pena (a) B,VP
Thomas V. Shockley,III (a) B
C. R. Boyle, III (b) VP
Jim Deidiker VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
AEP Investments, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Kentucky Coal, L.L.C.
Name and Principal Address(n) Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
Armando A. Pena (a) B,VP
David G. Zatezalo B,P
Nelson L. Kidder VP
Susan Tomasky (a) VP
Stephen P. Smith (a) T
Timothy A. King (a) S
AEP MEMCo LLC
Name and Principal Address(v) Position
--------------------------------------
Holly Keller Koeppel (b) B,VP
Armando A. Pena (a) B
Mark K. Knoy P
Michael J. Beyer (b) VP
Joseph M. Buonaiuto (a) C
Stephen P. Smith (a) T
Timothy A. King (a) S
AEP Ohio Coal, L.L.C.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Armando A. Pena B,VP
David G. Zatezalo (n) B,P
Nelson L. Kidder (n) VP
Susan Tomasky VP
Stephen P. Smith T
Timothy A. King S
AEP Ohio Retail Energy, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B
Thomas V. Shockley,III B,CB,P
Stephen P. Smith T
Timothy A. King S
AEP Power Marketing, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Susan Tomasky D,VP
Thomas V. Shockley,III P
Joseph M. Buonaiuto C,CAO
Stephen P. Smith T
Timothy A. King S
AEP Pro Serv, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Michael W. Rencheck D,P
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Mark W. Marano SVP
Robert T. Burns VP
Mark A. Gray VP
John A. Mazzone (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Properties, L.L.C.
Name and Principal Address(a) Position
--------------------------------------
Ronald A. Erd B
A. Wade Smith B
Richard P. Walker (ll) B
AEP Resources Australia Holdings Pty Ltd
Name and Principal Address(j) Position
--------------------------------------
Herbert L. Hogue (a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D,T
Paul Robert Rainey D,S
Jeffrey D. Cross (a) S
AEP Resources Australia Pty., Ltd.
Name and Principal Address(j) Position
--------------------------------------
Jeffrey D. Cross (a) D,S
Armando A. Pena (a) D,T
Paul Robert Rainey D,S
Timothy A. King (a) S
AEP Resources, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Ronald A. Erd VP
Holly Keller Koeppel (b) VP
James H. Sweeney VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Resources Limited
Name and Principal Address(k) Position
--------------------------------------
Jeffrey D. Cross (a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D
Wendy G. Hargus (ll) T
Timothy A. King (a) S
Linda M. Pszon (ff) S
AEP Texas Central Company
Name and Principal Address(a)Position
-------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Charles H. Adami (ll) VP
Stephen W. Burge (b) VP
Glenn M. Files VP
Harry Gordon, Jr. VP
539 N. Carancahua
Corpus Christi, TX 78401
Michelle S. Kalnas VP
Mano K. Nazar VP
One Cook Place
Bridgman, MI 41906
Charles R. Patton (h) VP
Julio C. Reyes (h) VP
Marsha P. Ryan VP
William L. Sigmon,Jr.(b) VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Texas Commercial & Industrial
Retail GP, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B
Thomas V. Shockley,III B,CB,P
Stephen P. Smith T
Timothy A. King S
AEP Texas Commercial & Industrial Retail
Limited Partnership
Name and Principal Address(h) Position
--------------------------------------
Thomas V. Shockley,III(a) P
Jeffrey D. Cross (a) VP
Holly Keller Koeppel(b) VP
Armando A. Pena (a) VP
Brian X. Tierney (b) VP
Charles E. Zebula (b) VP
Stephen P. Smith (a) T
Timothy A. King (a) S
AEP Texas North Company
Name and Principal Address(a)Position
-------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Charles H. Adami (ll) VP
Stephen W. Burge (b) VP
Glenn M. Files VP
Harry Gordon, Jr. VP
539 N. Carancahua
Corpus Christi, TX 78401
Michelle S. Kalnas VP
Charles R. Patton (h) VP
Julio C. Reyes (h) VP
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Texas POLR GP, LLC
Name and Principal Address(h) Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
Holly Keller Koeppel(b) B,VP
Armando A. Pena (a) B
Thomas V. Shockley,III(a) B,CB,P
Stephen P. Smith (a) T
Timothy A. King (a) S
AEP Texas POLR, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B
Thomas V. Shockley,III B,CB,P
Stephen P. Smith T
Timothy A. King S
AEP Transportation, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,P
Armando A. Pena B,VP
Charles E. Zebula (b) B,VP
C. R. Boyle, III (b) VP
Ronald A. Erd VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP T&D Services, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Glenn M. Files B,P
Thomas L. Kirkpatrick B
Armando A. Pena B
Richard P. Verret (c) B,VP
Dale E. Cory VP
1331 Goodale Blvd.
Columbus, OH 43212
G. Michael Taylor VP
Stephen P. Smith T
Timothy A. King S
AEP Utilities, Inc. (was Central and South West Corporation)
Name and Principal Address(a)Position
-------------------------------------
Jeffery D. Cross D
E. Linn Draper, Jr. D,CB,CEO,P
Henry W. Fayne D,VP
Thomas M. Hagan D
Armando A. Pena D
Robert P. Powers D
Thomas V. Shockley,III D,VCB,COO
Susan Tomasky D
Joseph M. Buonaiuto C,CAO
Stephen P. Smith T
Leonard V. Assante DC
Timothy A. King S
AEP West Virginia Coal, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Susan Tomasky D,VP
David G. Zatezalo (n) D,P
Nelson L. Kidder (n) VP
Stephen P. Smith T
Timothy A. King S
AEP Wind Energy, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,P
Ronald A. Erd VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Wind GP, LLC
Name and Principal Address(a) Position
--------------------------------------
Thomas V. Shockley,III P
Jeffrey D. Cross VP
Ronald A. Erd VP
Holly Keller Koeppel (b) VP
Armando A. Pena VP
A. Wade Smith VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Wind Holding, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,P
Ronald A. Erd VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Wind LP, LLC
Name and Principal Address(a) Position
--------------------------------------
Thomas V. Shockley,III P
Jeffrey D. Cross VP
Ronald A. Erd VP
Holly Keller Koeppel (b) VP
Armando A. Pena VP
A. Wade Smith VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Wind LP II, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Thomas V. Shockley,III B,CB,P
Ronald A. Erd VP
A. Wade Smith VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
AEPR Energy Ventures B.V.
Name and Principal Address(q) Position
--------------------------------------
Jeffrey D. Cross (a) MD
Armando A. Pena (a) MD
AEPR Global Energy B.V.
Name and Principal Address(q) Position
--------------------------------------
Jeffrey D. Cross (a) MD
Armando A. Pena (a) MD
AEPR Global Holland Holding B.V.
Name and Principal Address(q) Position
--------------------------------------
AEP Resources, Inc. (a) MD
Jeffrey D. Cross (a) MD
Ronald A. Erd (a) MD
Armando A. Pena (a) MD
John David Young (ff) MD
AEPR Global Investments B.V.
Name and Principal Address(q) Position
--------------------------------------
Jeffrey D. Cross (a) MD
Ronald A. Erd (a) MD
Armando A. Pena (a) MD
John David Young (ff) MD
AEPR Global Ventures B.V.
Name and Principal Address(q) Position
--------------------------------------
Jeffrey D. Cross (a) MD
Ronald A. Erd (a) MD
Armando A. Pena (a) MD
John David Young (ff) MD
AEPR Ohio, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Armando A. Pena B,VP
Thomas V. Shockley, III B,CB,P
Stephen P. Smith T
Timothy A. King S
American Electric Power Service Corporation
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,SVP,GC,AS
E. Linn Draper, Jr. D,CB,P,CEO
Henry W. Fayne D,EVP
Thomas M. Hagen D,EVP
Holly Keller Koeppel (b) D,EVP
Robert P. Powers D,EVP
Thomas V. Shockley, III D,VCB,COO
Susan Tomasky D,EVP,AS
Melinda S. Ackerman SVP
Nicholas J. Ashooh SVP
J. C. Baker SVP
A. Christopher Bakken,III SVP
One Cook Place
Bridgman, MI 49106
C. R. Boyle, III (b) SVP
Joseph M. Buonaiuto SVP,C,CAO
Glenn M. Files SVP
Joseph Hamrock SVP,CIO
Dale E. Heydlauff SVP
Michelle S. Kalnas SVP
Mark W. Marano SVP
R. E. Munczinski SVP
Mano K. Nazar SVP,CNO
One Cook Place
Bridgman, MI 41906
Andrew W. Patterson SVP
Armando A. Pena SVP
Michael W. Rencheck SVP
Marsha P. Ryan SVP
William L. Sigmon,Jr.(b) SVP
Scott N. Smith SVP,CRO
Stephen P. Smith SVP,T
Brian X. Tierney (b) SVP
Richard P. Verret (c) SVP
Charles E. Zebula (b) SVP
Nicholas K. Akins VP
Leonard V. Assante VP
Michael J. Assante VP,CSO
Mark A. Bailey (c) VP
Keith Barnett (b) VP
Thomas A. Barry (b) VP
Robert W. Bradish (b) VP
Edward J. Brady VP
Bruce H. Braine VP
Stephen W. Burge (b) VP
Robert T. Burns VP
Todd D Busby (b) VP
G. A. Clark VP
110 W. Michigan Ave,
Lansing, MI 48933
Robert G. Cohn (b) VP
Martin L. Cuilla (b) VP
W. N. D'Onofrio VP
John L. Dickerman VP
Lonni L. Dieck (b) VP
Diane M. Fitzgerald VP
8523 Livingston Hills
Bridgman, MI 49106
Mark A. Gray VP
Greg B. Hall (b) VP
James G. Haunty (c) VP
Wendy G. Hargus (ll) VP,AT
John D. Harper (c) VP
Timothy G. Harshbarger VP
Joseph R. Hartsoe VP
801 Pennsylvania Ave.NW
Washington, DC 20004
Stephan T. Haynes (b) VP
Frank Hilton (b) VP,CCO
Anthony P. Kavanagh VP
801 Pennsylvania Ave.NW
Washington, DC 20004
Nelson L. Kidder (n) VP
Ray A. King (c) VP
Thomas L. Kirkpatrick VP
Preston S. Kissman VP
Jeffery LaFleur (b) VP
Timothy K. Light (b) VP
Michael D. Martin VP
Mark C. McCullough (b) VP
Kevin J. McGowan (b) VP
John M. McManus VP
D. Michael Miller VP,DGC
Scott P. Moore VP
Richard A. Mueller VP
Donald M. Norman (b) VP
Gary M. Prescott VP,DGC
Craig T. Rhoades VP
Daniel J. Rogier VP
William L. Scott VP
Scott D. Slisher (b) VP
O. J. Sever VP
Stuart Solomon VP
Laura J. Thomas (b) VP
David B. Trego VP
David C. Warner (b) VP
Mark A. Welch VP
Timothy A. King S
Thomas G. Berkemeyer AS,AGC
Appalachian Power Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
R. D. Carson, Jr. VP
1051 East Cary Street
Richmond, VA 23219
Mark E. Dempsey VP
707 Virginia Street, East
Charleston, WV 25301
Glenn M. Files VP
Gene M. Jensen VP
P.O. Box 1986
Charleston, WV 25312
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Mark C. McCullough (b) VP
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Richard P. Verret (c) VP
William F. Vineyard (b) VP
Joseph M. Buonaiuto C,CAO
Stephen P. Smith T
Leonard V. Assante DC
Timothy A. King S
Blackhawk Coal Company
Name and Principal Address(r) Position
--------------------------------------
Jeffrey D. Cross (a) D
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
C3 Communications, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Holly Keller Koeppel (b) D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
C3 Networks & Communications Limited
Partnership
Name and Principal Address(a) Position
--------------------------------------
Susan Tomasky P
Jeffrey D. Cross VP
Holly Keller Koeppel (b) VP
Armando A. Pena VP
Stephen P. Smith T
Timothy A. King S
C3 Networks GP, L.L.C.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP
Susan Tomasky B,P
Stephen P. Smith T
Timothy A. King S
C3 Networks Limited Partnership
Name and Principal Address(a) Position
--------------------------------------
Susan Tomasky P
Jeffrey D. Cross VP
Holly Keller Koeppel (b) VP
Armando A. Pena VP
Stephen P. Smith T
Timothy A. King S
Cardinal Operating Company
Name and Principal Address(l) Position
--------------------------------------
Anthony J. Ahern D,VP
6677 Busch Blvd.
Columbus, OH 43226
J. C. Baker (a) D
E. Linn Draper, Jr. (a) D,P
Henry W. Fayne (a) D,VP
Ralph E. Luffler D,VP
P.O. Box 250
Lancaster, OH 43130-0250
Steven K. Nelson D,VP
P.O. Box 280
Coshocton, OH 43812
Patrick W. O'Loughlin D,VP
6677 Busch Blvd.
Columbus, OH 43226
Michael W. Rencheck (a) D,VP
William L. Sigmon, Jr.(b) D,VP
Michael L. Sims D
3888 Stillwell Beckett Rd.
Oxford, OH 45056
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Cedar Coal Co.
Name and Principal Address(e) Position
--------------------------------------
Jeffrey D. Cross (a) D
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Central Appalachian Coal Company
Name and Principal Address(e) Position
--------------------------------------
Jeffrey D. Cross (a) D
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Central Coal Company
Name and Principal Address(e) Position
--------------------------------------
Jeffrey D. Cross (a) D
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,VP
Susan Tomasky (a) D,VP
David G. Zatezalo (n) P
Nelson L. Kidder (n) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Colomet, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,P,CEO
Henry W. Fayne D,VP
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Columbus Southern Power Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Karl G. Boyd (d) VP
David M. Fenstermaker (c) VP
Glenn M. Files VP
Jane A. Harf VP
88 East Broad Street,8th Fl.
Columbus, OH 43215
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Jeffrey D. LaFleur (b) VP
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Richard P. Verret (c) VP
William F. Vineyard (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Conesville Coal Preparation Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Jeffrey D. LaFleur (b) P
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Conlease, Inc.
Name and Principal Address (p) Position
---------------------------------------
Holly Keller Koeppel (b) D,VP
Armando A. Pena (a) D,VP
Mark K. Knoy (v) P
Michael J. Beyer (b) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
CSW Development-I, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Energy Services, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Thomas V. Shockley, III D
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Timothy A. King S
CSW Energy, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Holly Keller Koeppel (b) D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,P
Susan Tomasky D,VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
CSW Ft. Lupton, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW International Two, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Timothy A. King D,S
Armando A. Pena D,P
Mark A. Pyle D
Holy Keller Koeppel (b) VP
Bradford R. Signet VP
Stephen P. Smith T
Joseph M. Buonaiuto C
CSW International, Inc.(a Delaware Corp.)
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,P
Susan Tomasky D,VP
Holly Keller Koeppel (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
CSW International, Inc.(a Cayman Corp.)
Name and Principal Address(a) Position
--------------------------------------
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Susan Tomasky D
Wendy G. Hargus (ll) T
Timothy A. King S
CSW Mulberry II, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ron A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Mulberry, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ron A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Orange II, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Orange, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Power Marketing, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Services International, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Sweeny GP II, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Sweeny GP I, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Sweeny LP II, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW Sweeny LP I, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
CSW UK Finance Company
Name and Principal Address(ff)Position
--------------------------------------
E. Linn Draper,Jr.(a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D
Thomas V. Shockley,III(a) D
Bradford R. Signet (a) D
Susan Tomasky (a) D
Stephen P. Smith (a) T
Jeffrey D. Cross (a) S
CSW UK Holdings
Name and Principal Address(ff)Position
--------------------------------------
E. Linn Draper,Jr.(a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D
Thomas V. Shockley,III(a) D
Bradford R. Signet (a) D
Susan Tomasky (a) D
Stephen P. Smith (a) T
Jeffrey D. Cross (a) S
CSW UK Investments Limited
Name and Principal Address(ff)Position
--------------------------------------
E. Linn Draper,Jr.(a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D
Thomas V. Shockley,III(a) D
Bradford R. Signet (a) D
Susan Tomasky (a) D
Stephen P. Smith (a) T
Jeffrey D. Cross (a) S
CSW Vale L.L.C.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Susan Tomasky D
Joesph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSWC License, Inc.
Name and Principal Address(a) Position
--------------------------------------
Holly Keller Koeppel (b) D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley,III D
Susan Tomasky P
Jeffrey D. Cross VP
Joseph M. Buonaiuto C
Timothy A. King S
CSWI Europe Limited
Name and Principal Address(ff)Position
--------------------------------------
Paul E. Connon D
Holly Keller Koeppel(b) D
Stephen P. Smith (a) T
Timothy A. King (a) S
DECCO II, LLC
Name and Principal Address(a) Position
--------------------------------------
Michael W. Rencheck CEO
Jeffrey D. Cross VP
Armando A. Pena VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
Diversified Energy Contractors Company, LLC
Name and Principal Address(a) Position
--------------------------------------
Michael W. Rencheck CEO
Jeffrey D. Cross VP
John A. Mazzone (b) VP
Armando A. Pena VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
Dolet Hills Lignite Company, LLC
Name and Principal Address(rr)Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
E. Linn Draper, Jr. (a) B,CB,CEO
Armando A. Pena (a) B,VP
Thomas V. Shockley,III(a) B
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Stephen W. Burge (b) VP
Stephen P. Smith (a) T
Timothy A. King (a) S
Franklin Real Estate Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CEO,P
Henry W. Fayne D,VP
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Richard P. Verret VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Golden Prairie Holding Company LLC
Name and Principal Address(a) Position
--------------------------------------
Michael J. Kelley B,T
Holly Keller Koeppel (b) B,CB,P
Timothy K. Light (b) B,VP
Golden Prairie Wind Farm LLC
Name and Principal Address(a) Position
--------------------------------------
Holly Keller Koeppel (b) B,CB,P
Michael J. Kelley B,T
Timothy K. Light (b) B,VP
Houston Pipe Line Company LP
Name and Principal Address(bb)Position
--------------------------------------
Holly Keller Koeppel (b) P
Jeffrey D. Cross (a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Armando A. Pena (a) VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
HPL GP, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,P
Armando A. Pena B,VP
Thomas V. Shockley, III B
C. R. Boyle, III (b) VP
Jim Deidiker (bb) VP
Ronald A. Erd VP
Stephen Schneider (bb) VP
Stephen P. Smith T
Joseph M. Buonaiuto C
Timothy A. King S
HPL Holdings, Inc.
Name and Principal Address(i) Position
--------------------------------------
Sean Breiner D
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,VP
Mark A. Pyle (a) D
Stephen P. Smith (a) T
Thomas V. Shockley,III(a) P
Holley Keller Koeppel (b) VP
Joseph M. Buonaiuto (a) C
HPL Resources Company LP
Name and Principal Address(bb)Position
--------------------------------------
Thomas V. Shockley,III(a) P
Jeffrey D. Cross (a) VP
Edward D. Gottlob VP
Holly Keller Koeppel (b) VP
Armando A. Pena (a) VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Indiana-Kentucky Electric Corporation
Name and Principal Address(w) Position
--------------------------------------
William S. Doty D
20 NW Fourth Street
Evensville, IN 47741
E. Linn Draper, Jr. (a) D,P
Ronald G. Jochum D
20 NW Fourth Street
Evansville, IN 47741
Thomas J. Kalup D
4350 Northern Pike
Monroeville, PA 15146
Marc E. Lewis (d) D
John R. Sampson D
101 W. Ohio Street, Ste 1320
Indianapolis, IN 46204
Stanley F. Szwed D
76 S. Main Street
Akron, OH 44308
David L. Hart (a) VP
David E. Jones VP
Armando A. Pena (a) VP
John D. Brodt S,T
Indiana Franklin Realty, Inc.
Name and Principal Address(d) Position
--------------------------------------
Jeffrey D. Cross (a) D
E. Linn Draper, Jr. (a) D,CEO,P
Henry W. Fayne (a) D,VP
Thomas M. Hagan (a) D,VP
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,VP
Susan Tomasky (a) D,VP
Glenn M. Files (a) VP
Richard P. Verret (c) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Indiana Michigan Power Company
Name and Principal Address(a) Position
--------------------------------------
Karl G. Boyd (d) D
E. Linn Draper, Jr. D,CB,CEO
John E. Ehler (d) D
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Patrick C. Hale D
2791 North U.S. HWY 231
Rockport, IN 47635
David L. Lahrman (d) D
Marc E. Lewis (d) D
Susanne M. Moorman (d) D
Robert P. Powers D,VP
John R. Sampson D,VP
101 W. Ohio Street, Ste 1320
Indianapolis, IN 46204
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Karl G. Boyd (d) VP
Glenn M. Files VP
Joseph N. Jensen VP
One Cook Place
Bridgman, MI 49106
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Mark C. McCullough (b) VP
Mano K. Nazar VP
One Cook Place
Bridgeman, MI 41906
Armando A. Pena VP
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Richard P. Verret (c) VP
William F. Vineyard (b) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Jefferson Island Storage & Hub L.L.C.
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
Holly Keller Koeppel(b) B,P
Armando A. Pena (a) B,VP
Thomas V. Shockley,III(a) B,CB
C. R. Boyle, III (b) VP
Jim Deidiker VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Kentucky Power Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Gene M. Jensen VP
P.O. Box 1986
Charleston, WV 25312
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Jeffery D. LaFleur (b) VP
T. C. Mosher VP
101 Enterprise Drive
Frankfort, KY 40601
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Richard P. Verret (c) VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Stephen P. Smith T
Timothy A. King S
Kingsport Power Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
R. D. Carson, Jr. VP
1051 East Cary Street, 7th Fl.
Richmond, VA 23219
Glenn M. Files VP
Gene M. Jensen VP
P.O. Box 1986
Charleston, WV 25312
Michelle S. Kalnas VP
Holley Keller Koeppel (b) VP
Marsha P. Ryan VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Leesville Land, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B
David G. Zatezalo (n) B,P
Nelson L. Kidder (n) VP
Armando A. Pena VP,T
Susan Tomasky VP
Timothy A. King S
LIG Chemical Company
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,CB
C. R. Boyle, III (b) VP
Jim Deidiker VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
LIG Liquids Company, L.L.C.
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,CB
C. R. Boyle, III (b) VP
Jim Deidiker VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
LIG Pipeline Company
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,CB
C. R. Boyle, III (b) VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
LIG, Inc.
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel(b) D,P
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,CB
C. R. Boyle, III (b) VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Louisiana Intrastate Gas Company, L.L.C.
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
Holly Keller Koeppel(b) B,P
Armando A. Pena (a) B,VP
Thomas V. Shockley,III(a) B,CB
C. R. Boyle, III (b) VP
Jim Deidiker VP
Ronald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Mulberry Holdings, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
Mutual Energy L.L.C.
Name and Principal Address(a) Position
--------------------------------------
Thomas V. Shockley,III CB,P
Jeffrey D. Cross VP
Holly Keller Koeppel (b) VP
Stephen P. Smith T
Timothy A. King S
Nanyang General Light Electric Co., Ltd.
Name and Principal Address(f) Position
--------------------------------------
Qin Qigen D,VCB
Jeffrey D. Cross (a) D,S
Lonni L. Dieck (b) D
Bernard Hu D
2648 Durfee Ave., #B
El Monte, CA 91732
Holly Keller Koeppel (b) D
Ralph E. Life (b) D
Armando A. Pena (a) D,CB
William L. Sigmon,Jr. (b) D
Lu Ming Tao D
Hao Zhengshan D
Newgulf Power Venture, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
NGLE Pushan Power, LDC
Name and Principal Address(g) Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Bernard Hu D
2648 Durfee Ave., #B
El Monte, CA 91732
Holly Keller Koeppel (b) D,P
Armando A. Pena (a) D,VP
Lonni L. Dieck (b) VP
Wendy G. Hargus (ll) T
Walkers SPV Limited S
Noah I Power GP, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Ronald A. Erd VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
Ohio Power Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Karl G. Boyd (d) VP
David M. Fenstermaker (c) VP
Glenn M. Files VP
Jane A. Harf VP
88 East Broad Street 8th Fl.
Columbus, OH 43215
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Jeffrey D. LaFleur (b) VP
Mark C. McCullough (b) VP
Marsha P. Ryan VP
William L. Sigmon,Jr.(b) VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Ohio Valley Electric Corporation
Name and Principal Address(w) Position
--------------------------------------
David C. Benson D
4350 Northern Pike
Monroeville, PA 15146
H. Peter Burg D
76 South Main Street
Akron, OH 44308
William S. Doty D
20 NW Fourth Street
Evansville, IN 47741
E. Linn Draper, Jr. (a) D,P
Henry W. Fayne (a) D
James P. Garlick D
4350 Northern Pike
Monroeville, PA 15146
Thomas J. Kalup D
4350 Northern Pike
Monroeville, PA 15146
Holly Keller Koeppel (b) D
Guy L. Pipitone D
76 South Main Street
Akron, OH 44308
John C. Procario D
139 East Fourth Street
Cincinnati, OH 45202
Thomas V. Shockley,III(a) D
A. Roger Smith D
220 West Main Street
Louisville, KY 40202
Stanley F. Szwed D
76 S. Main Street
Akron, OH 44308
Paul W. Thompson D
220 West Main Street
Louisville, KY 40202
W. Steven Wolff D
1065 Woodman Drive
Dayton, OH 45432
David L. Hart (a) VP
David E. Jones VP
Armando A. Pena (a) VP
John D. Brodt S,T
Operaciones Azteca VIII, S. de R.L. de C.V.
Name and Principal Address(pp)Position
--------------------------------------
A. Wade Smith (a) D
James H. Sweeney (a) D
Robert H. Warburton D
15 Wayside Rd.
Burlington, MA 01803
Neil Smith CB
15 Wayside Road
Burlington, MA 01803
Carlos de Maria y Campos Segura S
Torre del Bosqu
Blvd. Manuel Avila Camacho 24,
Piso 7, Col. Lomas de
Chapultepec 11000 Mexico, D.F.
Orange Cogen Funding Corp.
Name and Principal Address(a)Position
-------------------------------------
Holly Keller Koeppel (b) D,CEO
John O'Rourke (bb) D,P
A. Wade Smith D
Douglas E. Stockton (bb) D
Faye L. Stallings (bb) CFO
Timothy A. King S
Orange Cogeneration GP II, Inc.
Name and Principal Address(a)Position
-------------------------------------
Holly Keller Koeppel (b) D,CEO
John O'Rourke (bb) D,P
A. Wade Smith D,GM
Douglas E. Stockton (bb) D
Faye L. Stallings (bb) CFO
David L. Siddall (bb) S
Orange Cogeneration G.P., Inc.
Name and Principal Address(a)Position
-------------------------------------
Holly Keller Koeppel (b) D,CEO
John O'Rourke (bb) D,P
A. Wade Smith D,GM
Douglas E. Stockton (bb) D
Faye L. Stallings (bb) CFO
David L. Siddall (bb) S
Orange Holdings, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Wendy G. Hargus (ll) T
Joseph M. Buonaiuto C
Timothy A. King S
Pacific Hydro Limited
Name and Principal Address(aa)Position
--------------------------------------
Michael C. Fitzpatrick D
Jeffrey Harding D
Michael J. Hutchinson D
Holly Keller Koeppel(b) D
John L. C. McInnes D
Philip van der Riet D
Peter F. Westaway D
Bernard Wheelahan D,CB
Neil L. Williams S
Polk Power GP II, Inc.
Name and Principal Address(a)Position
-------------------------------------
Holly Keller Koeppel (b) D,P
John O'Rourke (bb) D,CEO
A. Wade Smith D,GM
Douglas E. Stockton (bb) D
Faye L. Stallings (bb) CFO
Timothy A. King S
Polk Power GP, Inc.
Name and Principal Address(a)Position
-------------------------------------
Holly Keller Koeppel (b) D,P
John O'Rourke (bb) D,CEO
A. Wade Smith D,GM
Douglas E. Stockton (bb) D
Faye L. Stallings (bb) CFO
Timothy A. King S
POLR Power, L.P.
Name and Principal Address(h) Position
--------------------------------------
Thomas V. Shockley,III(a) P
Jeffrey D. Cross (a) VP
Holly Keller Koeppel (b) VP
Stephen P. Smith (a) T
Timothy A. King (a) S
Price River Coal Company, Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Public Service Company of Oklahoma
Name and Principal Address(a)Position
------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Charles H. Adami (ll) VP
Stephen W. Burge (b) VP
Glenn M. Files VP
Michelle S. Kalnas VP
Gary C. Knight VP
3600 S. Elwood Ave.
Tulsa, OK 74102
Holly Keller Koeppel (b) VP
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Kimberly L. Smith VP
212 E. 6th Street
Tulsa, OK 74119
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
REP General Partner L.L.C.
Name and Principal Address(h) Position
--------------------------------------
Jeffrey D. Cross (a) B,VP
Holly Keller Koeppel(b) B,VP
Armando A. Pena (a) B,VP
Thomas V. Shockley,III(a) B,P
Stephen P. Smith (a) T
Timothy A. King (a) S
REP Holdco, LLC
Name and Principal Address(qq)Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel(b) D,VP
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,CB,P
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Servicios Azteca VIII,S.de R.L. de C.V.
Name and Principal Address(pp)Position
--------------------------------------
A. Wade Smith (a) D
James H. Sweeney (a) D
Neil Smith CB
15 Wayside Road
Burlington, MA 01803
Carlos de Maria y Campos Segura S
Torre del Bosqu
Blvd. Manuel Avila Camacho 24,
Piso 7, Col. Lomas de
Chapultepec 11000 Mexico, D.F.
Shoreham Operations Company Limited
Name and Principal Address(y)Position
-------------------------------------
Ronald A. Erd (a) D
E. S. Golland D
Stuart W. Staley (ff) D
Surinder S. Toor (ff) D
C. D. MacKendrick S
Simco Inc.
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
David G. Zatezalo (n) P
Nelson L. Kidder (n) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Snowcap Coal Company, Inc.
Name and Principal Address(a) Position
--------------------------------------
David M. Cohen (b) D,VP,S
Scott H. Finch D,T
David G. Zatezalo (n) D,P
Nelson L. Kidder (n) VP
South Coast Power Limited
Name and Principal Address(m)Position
-------------------------------------
Ronald A. Erd (a) D
Stuart W. Staley (ff) D
Surinder S. Toor (ff) D
Charles MacKendrick (y) S
Southern Appalachian Coal Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Southwestern Arkansas Utilities Corporation
Name and Principal Address(t)Position
-------------------------------------
Charles E. Clinehens,Jr. D,S,T
Thomas H. Deweese D,P
Phillip A. Watkins D,VP
Southwestern Electric Power Company
Name and Principal Address(a)Position
-------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Stephen W. Burge (b) VP
Brian Bond (rr) VP
Gary M. Dimmerling VP
377 Highway 522
Mansfield, LA 71052
Glenn M. Files VP
Paul W. Franklin (ll) VP
Michelle S. Kalnas VP
Charles R. Patton (h) VP
Julio C. Reyes (h) VP
Marsha P. Ryan VP
William L. Sigmon,Jr. (b) VP
Kimberly L. Smith (t) VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Springdale Land, LLC
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B
David G. Zatezalo (n) B,P
Nelson L. Kidder (n) VP
Armando A. Pena VP
Susan Tomasky VP
Stephen P. Smith T
Timothy A. King S
Tuscaloosa Pipeline Company
Name and Principal Address(bb)Position
--------------------------------------
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel(b) D,P
Armando A. Pena (a) D,VP
Thomas V. Shockley,III(a) D,CB
C. R. Boyle, III (b) VP
Jim Deidiker VP
Donald A. Erd (a) VP
Edward D. Gottlob VP
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
United Sciences Testing, Inc.
Name and Principal Address(u)Position
-------------------------------------
Mark A. Gray (a) D,VP
John D. Harper (c) D
Mark W. Marano (a) D,P
Robert P. Powers (a) D,CB
Michael W. Rencheck (a) D,CEO
Jeffrey D. Cross (a) VP
Stephen P. Smith (a) T
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Universal Supercapacitors, LLC
Name and Principal Address(a)Position
-------------------------------------
Paul Chodak III B
Holly Keller Koeppel (b) B
Sergey V. Litvinenko B
53 Leninsky Prospect
117927 Moscow, Russia
Alexander V. Novikov B
53 Leninsky Prospect
117927 Moscow, Russia
John H. Provanzana B
Sergey N. Razumov B
Troitsk, Moscow Region
142190 Russia
Ventures Lease Co., LLC
Name and Principal Address(a)Position
-------------------------------------
Jeffrey D. Cross B,VP
Armando A. Pena B,P
Stephen P. Smith T
Timothy A. King S
Wheeling Power Company
Name and Principal Address(a) Position
--------------------------------------
Jeffrey D. Cross D
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Mark E. Dempsey VP
707 Virginia Street, East
Charleston, WV 25301
Glenn M. Files VP
Gene M. Jensen VP
P.O. Box 1986
Charleston, WV 25312
Michelle S. Kalnas VP
Holly Keller Koeppel (b) VP
Marsha P. Ryan VP
Richard P. Verret (c) VP
Stephen P. Smith T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
ITEM 6. (CONTINUED)
Part II. Each officer and director with a financial connection within the
provisions of Section 17(c) of the Act is as follows:
Position
Name and Location Held in Applicable
Name of Officer of Financial Finanacial Exemption
or Director Institution Institution Rule
(1) (2) (3) (4)
--------------- ----------------- ----------- ----------
William R. Howell Deutsche Bank Trust Corp. Director 70(b)
New York, N.Y.
Deutsche Bank Trust Company Americas Director 70(a)
New York, N.Y.
L.A. Hudson, Jr. American National Bankshares, Inc. Director 70(a)
Danville, Virginia
American National Bank & Trust Co. Director 70(a)
Danville, Virginia
M.P. Ryan US Bank Advisory
Columbus, Ohio Director 70(f)
Richard L. Sandor Bear Stearns Financial Products, Inc. Director 70(b)
Chicago, Illinois
Bear Stearns Trading Risk Director 70(b)
Management Inc.
Chicago, Illinois
Sean Breiner Wilmington Trust Company SP Services Inc. Assistant 70(c)
Wilmington, DE Vice President
John A. Oscar, Jr. Wilmington Trust Company SP Services Inc Assistant 70(c)
Wilmington, DE Vice President
Medvine, Inc. Director 70(c)
Vineland, NJ Assistant Treasurer
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 OF SYSTEM COMPANIES
Executive Compensation
----------------------
The following table shows for 2003, 2002 and 2001 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 AEP at December 31, 2003.
Summary Compensation Table
Annual Compensation Long-Term Compensation
------------------- ---------------------------
Awards Payouts
------ -------
Securities All Other
Name and Principal Salary Bonus Underlying LTIP Compensation
Position Year ($)(1) ($)(2) Options(#) Payouts($)(3) ($)(4)
------------------ ---- --------- ------ ----------- ------------- ------------
E. Linn Draper, Jr. 2003 1,094,199 80,031 -0- -0- 63,429
2002 1,054,038 -0- 350,000 -0- 135,417
2001 913,500 682,090 -0- 311,253 123,217
Thomas V. Shockley, III 2003 667,558 291,475 49,000 -0- 45,845
2002 642,461 49,116 150,000 -0- 122,141
2001 592,269 353,788 -0- 79,781 145,400
Henry W. Fayne-- 2003 501,923 256,225 25,000 -0- 39,150
2002 481,846 49,116 88,000 -0- 80,830
2001 421,615 305,861 -0- 83,697 75,955
Susan Tomasky-- 2003 476,827 256,137 25,000 -0- 37,208
2002 451,731 49,116 88,000 -0- 79,373
2001 411,577 300,365 -0- 54,455 73,853
Thomas M. Hagan-- 2003 421,615 237,850 25,000 -0- 29,326
2002 345,517 -0- 88,000 -0- 59,976
Notes to Summary Compensation Table
-----------------------------------
(1) Amounts in the Salary column reflect an additional day of pay earned in 2003
and 2002 related to the number of calendar workdays and holidays in each
year and AEP's use of bi-weekly pay periods.
(2) Amounts in the Bonus column reflect awards under the Senior Officer Annual
Incentive Compensation Plan (SOIP) for 2001 and 2003. Payments pursuant to
the SOIP are made in the first quarter of the succeeding fiscal year for
performance in the year indicated. No SOIP awards were made for 2002. In
addition, Messrs. Fayne and Shockley and Ms. Tomasky received payments of
$49,116 each in February 2002 in recognition of their efforts in connection
with a management reorganization.
(3) Amounts in the Long-Term Compensation -- Payouts column reflect performance
share units earned under the AEP 2000 Long-Term Incentive Plan for
three-year performance periods concluding at the end of the year shown. See
below under Long-Term Incentive Plans -- Awards in 2003 and page 33 for
additional information.
(4) Amounts in the All Other Compensation column include (i) AEP's matching
contributions under the AEP Retirement Savings Plan and the AEP Supplemental
Retirement Savings Plan, a non-qualified plan designed to supplement the AEP
Savings Plan; (ii) subsidiary companies director fees; and (iii) imputed
interest on a pay advance provided in 2001 to employees impacted by a change
in payroll schedule that shifted pay one week in arrears. Detail of the 2003
amounts in the All Other Compensation column is shown below.
Item Dr. Draper Mr. Shockley Mr. Fayne Ms. Tomasky Mr. Hagan
---- ---------- ------------ --------- ----------- ---------
Savings Plan Matching Contributions $5,611 $9,000 $5,555 $5,724 $9,050
Supplemental Savings Plan
Matching Contributions 39,389 20,895 16,921 15,620 9,826
Subsidiaries Directors Fees 17,400 15,950 16,200 15,400 10,450
Imputed Interest on Pay Advance 1,029 - 474 464 -
(5) No 2001 compensation information is reported for Mr. Hagan because he was
not an executive officer in that year.
Compensation of Directors
-------------------------
Annual Retainers and Meeting Fees. 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 AEP's Board of Directors. For a portion of 2003, the other
members of the Board received an annual retainer of $35,000 for their services,
an additional annual retainer of $5,000 for each Committee that they chaired
(except for the Chairman of the Audit Committee, who received an annual retainer
of $15,000), a fee of $1,200 for each meeting of the Board and of any Committee
that they attended, and a fee of $1,200 per day for any inspection trip or
conference. Members of the Audit Committee (other than the Chairman) also
received an annual retainer of $10,000.
In October 2003, based upon the recommendation of the Committee on Directors and
Corporate Governance and based on competitive data, the Board of Directors
adopted changes to the cash and equity compensation to be paid to members of the
Board of Directors and committees of the Board of Directors. These changes were
adopted in order to bring the compensation packages of AEP's board members more
in line with compensation paid to directors of comparable companies, recognize
the increased workload and responsibilities of board and committee members, and
enable AEP to attract qualified directors when needed. The new board
compensation is as follows:
o Each non-employee director will receive an annual retainer of $60,000, the
chair of the Audit Committee will receive an additional annual retainer of
$15,000 and other members of the Audit Committee will receive an
additional annual retainer of $10,000, each of these cash retainers is
paid in quarterly increments;
o The presiding director will receive an additional annual retainer of
$15,000, paid in quarterly increments;
o Each non-employee director will receive $60,000 in AEP stock units payable
quarterly pursuant to the Stock Unit Accumulation Plan described below;
and
o Directors no longer receive fees for meetings they attend.
During this transitional year, directors received an annual retainer in the
amount of $41,250 and 1,692 AEP stock units under the Stock Unit Accumulation
Plan. In addition, members of the Human Resources Committee (HR Committee)
received the $1,200 meeting fee for their attendance at each special meeting
relating to the search for a new Chief Executive Officer.
Deferred Compensation and Stock Plan. The Deferred Compensation and Stock Plan
for Non-Employee Directors permits non-employee directors to choose to receive
up to 100 percent of their annual Board cash retainer in units that are
equivalent in value to shares of AEP Common Stock (Stock Units), deferring
receipt by the non-employee director until termination of service or for a
period that results in payment commencing not later than five years thereafter.
AEP Stock Units are credited to directors when the retainer becomes payable,
based on the closing price of the Common Stock on the payment date. Amounts
equivalent to cash dividends on the Stock Units accrue as additional Stock
Units. Payments with respect to the accumulated Stock Units are made in cash.
Stock Unit Accumulation Plan. The Stock Unit Accumulation Plan for Non-Employee
Directors annually had awarded 1,200 Stock Units to each non-employee director
as of the first day of the month in which the non-employee director becomes a
member of the Board. As mentioned earlier, this Plan was amended to award
$60,000 annually in Stock Units. These Stock Units will be credited to directors
quarterly, based on the closing price of the Common Stock on the payment date.
$15,000 in Stock Units was credited on December 31, 2003. Amounts equivalent to
cash dividends on the Stock Units accrue as additional Stock Units. Stock Units
are paid to the director in cash upon termination of service unless the director
has elected to defer payment for a period that results in payment commencing not
later than five years thereafter.
Insurance. AEP maintains a group 24-hour accident insurance policy to provide a
$1,000,000 accidental death benefit for each director. The current policy,
effective September 1, 2001 through September 1, 2004, has a premium of $31,050.
In addition, AEP pays each non-employee director an amount to provide for the
federal and state income taxes incurred in connection with the maintenance of
this coverage ($557 for 2003).
(b) INTEREST IN THE SECURITIES OF SYSTEM COMPANIES INCLUDING OPTIONS OR OTHER
RIGHTS TO ACQUIRE SECURITIES (OWNERSHIP OF SECURITIES)
The following table sets forth the beneficial ownership of AEP Common Stock and
stock-based units as of January 1, 2004 for all nominees to the Board of
Directors, each of the persons named in the Summary Compensation Table and all
such directors and executive officers as a group. Unless otherwise noted, each
person had sole voting and investment power over the number of shares of AEP
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.
Stock Options Exercisable
Name Shares Units(a) Within 60 days Total
---- ------ -------- ------------------- -------
E. R. Brooks 21,205 4,925 -- 26,130
D. M. Carlton 7,432 4,925 -- 12,357
J. P. DesBarres 5,000(c) 6,211 -- 11,211
E. L. Draper, Jr. 5,693(b)(c) 125,233 816,666 947,592
H. W. Fayne 6,844(b)(d) 13,143 229,333 249,320
R. W. Fri 3,000 6,965 -- 9,965
T. M. Hagan 14,110(b) 149 91,833 106,092
W. R. Howell 1,692 8,190 -- 9,882
L. A. Hudson, Jr. 1,853(e) 9,379 -- 11,232
L. J. Kujawa 2,328(e) 12,491 -- 14,819
M. G. Morris 300,000(g) -- -- 300,000
R. L. Sandor 1,092 6,558 -- 7,650
T. V. Shockley, III 45,323(b)(d)(e) -- 300,000 345,323
D. G. Smith 2,500 7,506 -- 10,006
K. D. Sullivan -- 11,334 -- 11,334
S. Tomasky 1,967(b) 6,502 229,333 237,802
All directors, nominees
and executive officers
as a group (18 persons) 506,228(d)(f) 225,254 1,859,230 2,590,622
Notes on Stock Ownership
------------------------
(a) This column includes amounts deferred in stock units and held under AEP's
various director and officer benefit plans.
(b) Includes the following numbers of share equivalents held in the AEP
Retirement Savings Plan: Dr. Draper, 4,938; Mr. Fayne, 6,152; Mr. Shockley,
7,530; Ms. Tomasky, 1,967; Mr. Hagan, 3,617; and all directors and executive
officers as a group, 25,072.
(c) Includes the following numbers of shares held in joint tenancy with a family
member: Mr. DesBarres, 5,000; and Dr. Draper, 755.
(d) Does not include, for Messrs. Fayne and Shockley and Ms. Tomasky, 85,231
shares in the American Electric Power System Educational Trust Fund over
which Messrs. Fayne and Shockley and Ms. Tomasky 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 by family members over which
beneficial ownership is disclaimed: Dr. Hudson, 750; Mr. Kujawa, 28; and Mr.
Shockley, 496.
(f) Represents less than 1% of the total number of shares outstanding. (g)
Consists of restricted shares with different vesting schedules.
(c) CONTRACTS AND TRANSACTIONS WITH SYSTEM COMPANIES
None
(d) INDEBTEDNESS TO SYSTEM COMPANIES
None
(e) PARTICIPATION IN BONUS AND PROFIT-SHARING ARRANGEMENTS AND OTHER BENEFITS
Long-Term Incentive Plans -- Awards In 2003
The performance share units set forth in the tables below were awarded in
January 2003 and December 2003, respectively, pursuant to the Company's 2000
Long-Term Incentive Plan. Performance share units are equivalent to shares of
AEP Common Stock. Dividends are reinvested in additional performance share units
for the same performance and vesting period using the closing price of the AEP
Common Stock on the dividend payment date. The value of the January 2003
performance share unit awards is dependent on the Company's total shareholder
return for the applicable performance period relative to the S&P electric
utilities, the market price of AEP Common Stock at the end of the performance
period, the value of dividends paid during the performance period and the AEP
Common Stock price on each dividend payment date. The value of the December 2003
performance share unit awards is dependent on AEP's earnings per share target
versus a target established by the HR Committee in addition to each of the
factors described above. The number of performance share units earned can vary
between 0% and 200% of the initial award plus reinvested dividends.
The number of common stock equivalent units that may be earned at threshold,
target and maximum performance levels, excluding any reinvested dividends, is
shown in the table below. The HR Committee may, in its discretion, reduce the
number of performance share unit targets otherwise earned. In accordance with
the performance goals established for the periods set forth below, the
threshold, target and maximum awards are equal to 20%, 100% and 200%,
respectively, of the performance share unit awards.
Deferral of earned performance share units into phantom stock units (equivalent
to shares of AEP Common Stock) is mandatory until the officer has met his or her
stock ownership requirements. Once their stock ownership requirement is met,
officers may elect to continue to defer earned performance share units or to
receive subsequently earned awards in cash and/or Common Stock.
JANUARY 2003 AWARD
Estimated Future Payouts of
Performance Performance Share Units Under
Number of Period Until Non-Stock Price-Based Plan
Performance Maturation ------------------------------
Share Units or Payout Threshold(#) Target(#) Maximum(#)
----------- ------------ ------------ --------- ----------
E. L. Draper, Jr. 40,236 2003-2005 8,047 40,236 80,472
T. V. Shockley, III 15,956 2003-2005 3,191 15,956 31,912
H. W. Fayne 11,074 2003-2005 2,215 11,074 22,148
S. Tomasky 10,520 2003-2005 2,104 10,520 21,040
T. M. Hagan 9,302 2003-2005 1,860 9,302 18,604
DECEMBER 2003 AWARD(1)
Estimated Future Payouts of
Performance Performance Share Units Under
Number of Period Until Non-Stock Price-Based Plan
Performance Maturation ------------------------------
Share Units or Payout Threshold(#) Target(#) Maximum(#)
----------- ------------ ------------ --------- ----------
E. L. Draper, Jr. -0- 12/10/03-12/31/04 -0- -0- -0-
T. V. Shockley, III 41,400 12/10/03-12/31/04 8,280 41,400 82,800
H. W. Fayne 21,200 12/10/03-12/31/04 4,240 21,200 42,400
S. Tomasky 21,200 12/10/03-12/31/04 4,240 21,200 42,400
T. M. Hagan 21,200 12/10/03-12/31/04 4,240 21,200 42,400
Retirement Benefits
AEP maintains qualified and nonqualified defined benefit ERISA pension plans for
eligible employees. The tax-qualified plans are the American Electric Power
System Retirement Plan (AEP Retirement Plan) and the Central and South West
Corporation Cash Balance Retirement Plan (CSW Cash Balance Plan). The
nonqualified plans are the American Electric Power System Excess Benefit Plan
(AEP Excess Benefit Plan) (together with the AEP Retirement Plan, the AEP Plans)
and the Central and South West Corporation Special Executive Retirement Plan
(CSW SERP) (together with the CSW Cash Balance Plan, the CSW Plans), each of
which provides (i) benefits that cannot be payable under the respective
tax-qualified plans because of maximum limitations imposed on such plans by the
Internal Revenue Code and (ii) benefits pursuant to individual agreements with
certain AEP employees. The CSW Plans continue as separate plans for those AEP
System employees who were participants in the CSW Cash Balance Plan as of
December 31, 2000. Each of the executive officers named in the Summary
Compensation Table (other than Mr. Shockley and Mr. Hagan) participates in the
AEP Plans. Mr. Shockley and Mr. Hagan participate in the CSW Plans.
The benefit formula generally used to calculate benefit additions under the
pension plans for all plan participants (including the executive officers named
in the Summary Compensation Table) is a cash balance formula. When the cash
balance formula was added to each plan, an opening balance was established for
employees then participating under each plan's prior benefit formula (as further
described below), using a number of factors as set forth in the appropriate
plan. Under the cash balance formula, each participant has an account
established (for record keeping purposes only) to which dollar amount credits
are allocated each year based on a percentage of the participant's eligible pay
not in excess of $1,000,000. The applicable percentage is determined by the
participant's age and years of vesting service as of December 31 of each year
(or as of the participant's termination date, if earlier). The following table
shows the applicable percentage used to determine the annual dollar amount
credits based on the sum of age and years of service indicated:
Sum of Age Plus Applicable
Years of Service Percentage
---------------- ----------
Less than 30 3.0%
30-39 3.5%
40-49 4.5%
50-59 5.5%
60-69 7.0%
70 or more 8.5%
All dollar amount balances in the cash balance accounts of participants earn a
fixed rate of interest that is also credited annually. The interest rate for a
particular year is the Applicable Interest Rate set in accordance with Section
417(e)(3)(A)(ii) of the Internal Revenue Code and is currently the average
interest rate on 30-year Treasury securities for the month of November of the
prior year. For 2003, the interest rate was 4.96%. Interest continues to be
credited as long as the participant's balance remains in the plan.
The CSW SERP also provides that the cash balance account of participants who at
termination of employment hold the office of Vice President or higher of an
employer participating in the CSW Plans will be no less than (i) the sum of the
Applicable Percentages from the foregoing table generally for each year that the
participant earned credited service under the CSW Cash Balance Plan, multiplied
by (ii) the participant's final average pay. "Final average pay" generally is
the average annual compensation during the 36 consecutive months of highest pay
during the 120 months prior to retirement.
Under the cash balance formula, an amount equal to the vested balance (including
tax-qualified and nonqualified benefits) then credited to the account is payable
to the participant in the form of an immediate or deferred lump-sum or an
annuity or, with respect to the nonqualified benefits, in installments. Benefits
(from both the tax-qualified and nonqualified plans) under the cash balance
formula are not subject to reduction for Social Security benefits or other
offset amounts, except that Dr. Draper has an individual agreement which
provides that his supplemental retirement benefits are reduced by pension
entitlements, if any, from plans sponsored by prior employers. The estimated
annual benefit that would be payable as a single life annuity under the cash
balance formula to each of the executive officers named in the Summary
Compensation Table at age 65 is:
Annual
Name Benefit
---- -------
E. L. Draper, Jr. $536,200
T. V. Shockley, III 218,400
H. W. Fayne 263,300
S. Tomasky 296,500
T. M. Hagan 112,400
These amounts are based on the following assumptions:
o The amounts shown in the Salary column of the Summary Compensation Table
are used for calendar year 2003 and all subsequent years, assuming no
salary changes. The portion of the Bonus column attributable to the Senior
Officer Annual Incentive Compensation Plan is used for 2004 and annual
incentive awards at the 2003 target level are used for all subsequent
years beyond 2004. For Dr. Draper, the annual salary rate reflected in the
Salary column for calendar year 2003 is used for the period from January
1, 2004 through April 30, 2004, the approximate date as of which he is
expected to retire.
o Conversion of the lump-sum cash balance to a single life annuity at age
65, based on an interest rate of 5.12% and the 1994 Group Annuity
Reserving Table published by the Internal Revenue Service.
o Dr. Draper and Ms. Tomasky have individual agreements with AEP that
credit them with years of service in addition to their years of service
with AEP as follows: Dr. Draper, 24 years; and Ms. Tomasky, 20 years. As
mentioned above, the agreement for Dr. Draper provides that his
supplemental retirement benefits are reduced by pension entitlements, if
any, from plans sponsored by prior employers.
In addition, employees who have continuously participated in the AEP Plans since
December 31, 2000 remain eligible for a pension benefit using the final average
pay formula that was in place before the implementation of the cash balance
formula described above. Employees that are eligible for both formulas will
receive their benefits under the formula that provides the higher benefit, given
the participant's choice of the form of benefit (single life annuity, lump sum,
etc.). Participants that remain eligible to receive the final average pay
formula will continue to accrue pension benefits under that formula until
December 31, 2010, at which time each participant's final average pay benefit
payable at the participant's normal retirement age (the later of age 65 or 5
years of service) will be frozen and unaffected by the participant's subsequent
service or compensation. After December 31, 2010, each participant's frozen
final average pay benefit will be the minimum benefit a participant can receive
from the AEP Plans at the participant's normal retirement age.
Final average pay under the AEP Plans is computed using the highest average 36
consecutive months of the salary and bonus out of the participant's most recent
10 years of service. The information used to compute the final average pay
benefit for executive officers named in the Summary Compensation Table above,
other than Mr. Shockley and Mr. Hagan, is consistent with that shown in the
Salary column of the Summary Compensation Table and that portion of the Bonus
column attributable to the Senior Officer Annual Incentive Compensation Plan.
The following table shows the approximate annual annuities that would be payable
to executive officers and other management employees under the final average pay
formula of the AEP Plans, assuming termination of employment on December 31,
2003 after various periods of service and with benefits commencing at age 65.
AEP Plans Pension Plan Table
Highest
Average Years of Accredited Service
Annual ---------------------------
Earnings 15 20 25 30 35 40
-------- -- -- -- -- -- --
$400,000 $92,850 $123,800 $154,750 $185,700 $216,650 $243,250
500,000 116,850 155,800 194,750 233,700 272,650 305,900
600,000 140,850 187,800 234,750 281,700 328,650 368,550
800,000 188,850 251,800 314,750 377,700 440,650 493,850
1,000,000 236,850 315,800 394,750 473,700 552,650 619,150
1,200,000 284,850 379,800 474,750 569,700 664,650 744,450
2,000,000 476,850 635,800 794,750 953,700 1,112,650 1,245,650
2,500,000 596,850 795,800 994,750 1,193,700 1,392,650 1,558,900
The amounts shown in the table are the straight life annuities payable under the
final average pay formula of the AEP Plans without reduction for any optional
features that may be elected at the participant's expense. Retirement benefits
listed in the table are not subject to any further deduction for Social Security
or other offset amounts. The retirement annuity is reduced 3% per year for each
year prior to age 62 in the event of a termination of employment after age 55
and the participant's election to commence benefits between ages 55 and 62. If
an employee terminates employment after age 55 and commences benefits at or
after age 62, there is no reduction in the retirement annuity.
Under the AEP Plans, as of December 31, 2003, for the executive officers named
in the Summary Compensation Table (except for Mr. Shockley and Mr. Hagan as
discussed below in connection with the CSW Plans), the number of years of
service applicable for the final average pay formula were as follows: Dr.
Draper, 35.9 years; Mr. Fayne, 29.1 years; and Ms. Tomasky, 25.5 years. The
years of service for Dr. Draper and Ms. Tomasky include years of service
provided by their respective agreements with AEP as described above in
connection with the cash balance formula. The agreement for Dr. Draper provides
that his supplemental retirement benefits are reduced by pension entitlements,
if any, from plans sponsored by prior employers.
Under the CSW Plans, certain employees who were 50 or over and had completed at
least 10 years of service as of July, 1997, remain eligible for benefits under
the prior pension formulas that are based on career average pay and final
average pay. Of the executive officers named in the Summary Compensation Table,
Mr. Shockley and Mr. Hagan are eligible to participate in the CSW Plans and have
a choice upon their termination of employment to elect their benefit based on
the cash balance formula or the prior pension formulas.
The following table shows the approximate annual annuities that would be payable
to employees in certain higher salary classifications under the prior benefit
formulas provided through the CSW Plans, assuming termination of employment on
December 31, 2003 after various periods of service and with benefits commencing
at age 65, and prior to reduction by up to 50 percent of the participant's
Social Security benefit.
CSW Plans Pension Plan Table
Highest
Average Years of Accredited Service
Annual ---------------------------
Earnings 15 20 25 30 or more
-------- -- -- -- ----------
$400,000 $100,000 $133,333 $166,667 $200,000
500,000 125,000 166,667 208,333 250,000
600,000 150,000 200,000 250,000 300,000
700,000 175,000 233,333 291,667 350,000
800,000 200,000 266,667 333,333 400,000
900,000 225,000 300,000 375,000 450,000
1,000,000 250,000 333,333 416,667 500,000
1,200,000 300,000 400,000 500,000 600,000
Under the CSW Plans, the annual normal retirement benefit payable from the final
average pay formula is based on 1 2/3% of "Average Compensation" times the
number of years of credited service (up to a maximum of 30 years), reduced by no
more than 50 percent of the participant's age 62 or later Social Security
benefit and then adjusted annually based on changes in the consumer price index.
"Average Compensation" equals the average annual compensation, reported as
Salary in the Summary Compensation Table, during the 36 consecutive months of
highest pay during the 120 months prior to retirement. Mr. Shockley and Mr.
Hagan each have an agreement entered into with CSW prior to its merger with AEP
under which each is entitled to a retirement benefit that will bring his
credited years of service to 30 if he remains employed with AEP until age 60 or
thereafter. Mr. Shockley's years of credited service and age, as of December 31,
2003, are 20 and 58. Mr. Hagan's years of credited service and age, as of
December 31, 2003, are 23 and 59.
In addition to the benefits described above, Mr. Fayne is the only executive
officer named in the Summary Compensation Table who is eligible for certain
supplemental retirement benefits if his pension benefits are adversely affected
by amendments to the AEP Retirement Plan made as a result of the Tax Reform Act
of 1986. Such benefits, if any, will be equal to any reduction occurring because
of such amendments. If Mr. Fayne's employment had terminated by December 31,
2003, he would not be eligible for any additional annual supplemental benefit.
AEP also made available a voluntary deferred-compensation program in 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 annually defer
up to 10% of his or her salary over a four-year period, 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. Mr. Fayne is the only executive officer named in the
Summary Compensation Table who participated in this program. He deferred $9,000
of his salary annually over a four-year period and, as a result, qualified for
supplemental retirement payments of $95,400 per year for fifteen years assuming
he would retire at age 65.
Change-In-Control Agreements
AEP has change-in-control agreements with its executives, including all of the
executive officers named in the Summary Compensation Table. If there is a
"change-in-control" of AEP and the executive officer's employment is terminated
(i) by AEP without "cause" or (ii) by the officer because of a detrimental
change in responsibilities, a required relocation or a reduction in salary or
benefits, these agreements provide for:
o A lump sum payment equal to three times the officer's annual base salary
plus target annual incentive under the Senior Officer Annual Incentive
Compensation Plan.
o Maintenance for a period of three additional years of all medical and
dental insurance benefits substantially similar to those benefits to which
the officer was entitled immediately prior to termination, reduced to the
extent comparable benefits are otherwise received.
o Outplacement services not to exceed a cost of $30,000 or use of an office
and secretarial services for up to one year.
o Three years of service credited for purposes of determining non-qualified
retirement benefits, with such credited service proportionately reduced to
zero if termination occurs between ages 62 and 65.
o Payment, if required, to make the officer whole for any excise tax imposed
by Section 4999 of the Internal Revenue Code.
Under these agreements, "change-in-control" means:
o The acquisition by any person of the beneficial ownership of securities
representing 25% or more of AEP's voting stock;
o A change in the composition of a majority of the Board of Directors under
certain circumstances within any two-year period; or
o Approval by the shareholders of the liquidation of AEP, disposition of all
or substantially all of the assets of AEP or, under certain circumstances,
a merger of AEP with another corporation.
(f) RIGHTS TO INDEMNITY
The Directors and officers of AEP and its subsidiaries are insured, subject to
certain exclusions, against losses resulting from any claim or claims made
against them while acting in their capacities as directors and officers. The
American Electric Power System companies are also insured, subject to certain
exclusions and deductibles, to the extent that they have indemnified their
directors and officers for any such losses. Such insurance, effective January 1,
2004 through December 31, 2004, is provided by: Associated Electric & Gas
Insurance Services, Energy Insurance Mutual, Zurich American Insurance Company,
National Union Fire Insurance Company of PA, Federal Insurance Company, Liberty
Mutual Insurance Company, Houston Casualty Company, Twin City Fire Insurance
Company, Landmark American Insurance Company, Quanta Reinsurance U.S. Ltd., AXIS
Reinsurance Company, Starr Excess International and Oil Casualty Insurance, Ltd.
The total cost of this insurance is $8,720,200.
Fiduciary liability insurance provides coverage for AEP System companies, their
directors and officers, and any employee deemed to be a fiduciary or trustee,
for breach of fiduciary responsibility, obligation, or duties as imposed under
the Employee Retirement Income Security Act of 1974. This coverage, provided by
Associated Electric & Gas Insurance Services, Federal Insurance Company, Zurich
American Insurance Company and Energy Insurance Mutual, was renewed, effective
July 1, 2003 through June 30, 2004, for a cost of $1,190,750.
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 2003
------------------
Name or Number Primary
of Recipients Purpose Purpose of Accounts
Name of Company or Beneficiaries of Entity Contribution Charged Amount
--------------- ---------------- ------------- ------------ -------- ------
American Wind Legislative
CSW Energy, Inc. Energy Affairs Annual Dues 930.2 $2,500
American Wind Legislative Legislative
CSW Energy, Inc. Energy Affairs Dues 426.1 24,000
Utility Wind Legislative
CSW Energy, Inc. Interest Group Affairs Annual Dues 930.2 3,750
Indiana Access Indiana
Michigan Information Legislative Registration
Power Company Network Affairs Fees 426.4 529
Indiana
Michigan Business Legislative PAC Event
Power Company Speakers Bureau Affairs Speaker 426.4 994
Indiana Senate
Michigan Country Club Democratic Sponsorship
Power Company of Lansing Caucus Dinner 426.4 1,653
Indiana
Michigan Granholm-Cherry Legislative
Power Company Inaugral CMT Affairs Sponsorship 426.4 10,000
Indiana 2003
Michigan Hoaglin Catering Legislative
Power Company Fine Catering Services Reception 426.4 1,092
Indiana
Michigan Martins Catering
Power Company Catering Services PAC event 426.4 303
Indiana
Michigan Indiana Night Legislative
Power Company - NCSL Affairs Reception 426.4 411
Indiana
Michigan Power Michigan Legislative
Company Chamber Pac II Affairs Sponsorship 426.4 700
Indiana Muchmore
Michigan Harrington & Legislative Legislative
Power Company Smalley Affairs Services 426.4 42,865
Indiana
Michigan Legislative
Power Company Vectren Affairs Sponsorship 426.1 1,000
NCSL -
Kentucky Power Kentucky Night Legislative
Company 2003 Affairs Reception 426.4 1,049
Home Builders
Kentucky Power Association of Legislative Registration
Company Kentucky Affairs Fees 426.4 140
Kentucky Power Kentucky State Legislative Registration
Company Treasurer Affairs Fees 426.4 250
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 2003
------------------
In Effect
on
Company Company December
Nature of Performing Receiving Date of 31, 2003
Trasactions Service Service Compensation Contract (Yes/No)
(1) (2) (3) (4) (5) (6)
----------- ----------- -------------- ----------- --------- ---------
Accounts Appalachian
Receivable AEP Credit, Power
Factoring Inc. Company $3,401 12/31/01 Yes
Accounts Columbus
Receivable AEP Credit, Southern
Factoring Inc. Power Company 9,792 12/31/01 Yes
Accounts
Receivable AEP Credit, Indiana Michigan
Factoring Inc. Power Company 6,104 12/31/01 Yes
Accounts
Receivable AEP Credit, Kentucky Power
Factoring Inc. Company 2,374 12/31/01 Yes
Accounts
Receivable AEP Credit, Kingsport Power
Factoring Inc. Company 481 12/31/01 Yes
Accounts
Receivable AEP Credit, Ohio Power
Factoring Inc. Company 8,748 12/31/01 Yes
Accounts Public Service
Receivable AEP Credit, Company of
Factoring Inc. Oklahoma 5,841 12/31/01 Yes
Accounts Southwestern
Receivable AEP Credit, Electric
Factoring Inc. Power Company 4,906 12/31/01 Yes
Indiana Michigan
Barging AEP Memco LLC Power Company 10,561 1/1/03 Yes
Indiana - Kentucky
Electric
Barging AEP Memco LLC Corporation 8,841 4/01/03 Yes
Indiana
Michigan Ohio Power
Barging Power Company Company 4,313 5/1/86 Yes
Indiana Appalachian
Michigan Power
Barging Power Company Company 12,321 5/1/86 Yes
Indiana
Michigan AEP Generating
Barging Power Company Company 8,108 5/1/86 Yes
Indiana
Michigan Kentucky Power
Barging Power Company Company 74 5/1/96 Yes
Indiana
Michigan
Barging Power Company AEP Memco LLC 7,054 1/1/02 Yes
Indiana
Michigan AEP Energy
Barging Power Company Services, Inc. 53 1/1/02 No
Conesville
Coal Columbus
Preparation Southern
Coal Washing Company Power Company 9,196 11/5/84 Yes
AEP Appalachian
Communication Communications Power
Services LLC Company 3,202 3/4/98 Yes
AEP
Communication Communications Kentucky Power
Services LLC Company 212 11/18/97 Yes
AEP
Communication Communications Indiana Michigan
Services LLC Power Company 1,758 10/24/98 Yes
AEP
Communication Communications Wheeling Power
Services LLC Company 956 11/18/97 Yes
AEP
Communication Communications Ohio Power
Services LLC Company 1,156 2/12/98 Yes
AEP Columbus
Communication Communications Southern
Services LLC Power Company 1,073 2/12/98 Yes
Environmental AEP Pro Eastex
Services Serv, Inc. Cogeneration LP 1 8/23/01 No
Leasing
Agreement for Conesville Coal
Coal Conveyor Preparation
System Simco, Inc. Company 172 5/1/91 Yes
Ohio Valley
Maintenance Appalachian Electric
Services Power Company Corporation 1,302 1/1/79 Yes
Indiana-Kentucky
Maintenance Appalachian Electric
Services Power Company Corporation 216 1/1/79 Yes
Machine Shop Appalachian System Operating
Services Power Company Companies 8,752 12/8/78 Yes
Machine Shop AEP Pro
Services Serv, Inc. CSW Energy, Inc. 6 5/1/02 No
Machine Shop AEP Pro
Services Serv, Inc. CSW Energy, Inc. 2 5/3/02 No
Maintenance AEP Pro
Services Serv, Inc. CSW Energy, Inc. 121 Various No
Project & Nanyang General
Administrative AEP Pro Light Electric
Services Serv, Inc. Company, Ltd 396 1/1/03 Yes
Project &
Administrative AEP Pro Sweeny
Services Serv, Inc. Cogeneration LP 1,031 3/25/03 Yes
Project and Louisiana
Administrative AEP Pro Intrastate
Services Serv, Inc. Gas Company, LLC 2 1/19/01 No
Project and Kingsport AEP
Administrative Power Communications
Services Company LLC (32) 3/4/98 Yes
Project and Appalachian AEP
Administrative Power Communications
Services Company LLC 1,381 3/4/98 Yes
Project and Kentucky AEP
Administrative Power Communications
Services Company LLC 25 3/4/98 Yes
Project and Indiana AEP
Administrative Michigan Communications
Services Power Company LLC 763 10/24/98 Yes
Project and Wheeling AEP
Administrative Power Communications
Services Company LLC 937 11/18/97 Yes
Project and AEP
Administrative Ohio Power Communications
Services Company LLC (87) 2/12/98 Yes
Project and Columbus AEP
Administrative Southern Communications
Services Power Company LLC 117 2/12/98 Yes
Simulator Appalachian
Training Power System Operating
Services Company Companies 1,086 12/12/87 Yes
------------------------
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.
The following table shows the required information for investment
in wholesale generation and foreign utility companies as of
December 31, 2003:
(a) Company name, business address, facilities and interest held;
(b) Capital invested, recourse debt, guarantees and transfer of
assets between affiliates;
(c) Debt to equity ratio and earnings;
(d) Contracts for service, sales or construction with affiliates.
Foreign Utility Companies:
(a) AEPR Global Holland Holding B.V
Herengracht 548
1017 CG Amsterdam, The Netherlands
(b) Capital Invested - $734 million.
Recourse debt - NONE.
Guarantees - NONE.
Asset Transfers - NONE.
(c) Earnings - $(249) million.
(d) NONE
(a) AEP Energy Services UK Generation Limited
50 Berkeley Street
Mayfair London W1J89AP, Great Britain
(b) Capital invested - $409 million.
Recourse debt - NONE.
Guarantees - NONE.
Asset transfers - NONE.
(c) Earnings - $(142) million.
(d) NONE
(a) Nanyang General Light Electric Co., Ltd.
Dayuan Zhuan Village
Pushan Town, Nanyang City
People's Republic of China
Owns and operates a two unit electric generating plant in
China. AEP owns 70%.
(b) Capital invested $44 million.
Recourse debt - NONE.
Guarantees - NONE.
Asset transfers - NONE.
(c) Debt to equity ratio - 0.8:1. Earnings - $12 million.
(d) Nanyang has contracts with AEP Pro Serv, Inc. for
consulting and administrative service which resulted in a
fee of $396,000.
(a) Pacific Hydro Limited
Level 8
474 Flinders Street
Melbourne, Victoria
3000 Australia
Develops and owns hydroelectric facilities in the Asia
Pacific region. AEP owns 20%.
(b) Capital invested - $20 million.
Recourse Debt - NONE.
Guarantees - NONE.
Assets transferred - NONE.
(c) Noncurrent liabilities to equity ratio - 0.7:1. Earnings-
$19 million.
(d) NONE
(a) AEP Energy Services Limited
29/30 St. James's Street
London SW1A 1HB Great Britain
AEP owns 100%.
(b) Capital invested - $71 million.
Recourse debt - NONE.
Guarantees - NONE.
Assets transferred - NONE.
(c) Earnings - $(137) million.
(d) NONE
(a) InterGen Denmark, Aps
Torre Chapultepec,
Piso 13,
Ruben Dario 281, Col.
Bosques de
Chapultepec, Mexico, D.F. 11520.
Construction and operation of a 600 megawatt natural
gas-fired, combined cycle plant. AEP owns 50%.
(b) Capital invested - $54 million.
Recourse debt - NONE.
Guarantees - NONE.
Asset transfers - NONE.
(c) Debt to equity ratio - 7.0:1. Earnings - $(16) million.
(d) NONE
(a) South Coast Power Limited
Shoreham, East Sussex
United Kingdom
(b) Capital invested - NONE.
Recourse debt - NONE.
Guarantees - NONE.
Asset transfers - NONE.
(c) Earnings - $1 million.
(d) NONE
Exempt Wholesale Generators:
(a) Desert Sky Wind Farm L.P.
1 Riverside Plaza
Columbus, Ohio
Operation of Windfarm in Texas.
(b) Capital invested - $20 million.
Recourse debt - NONE.
Guarantees - NONE.
Asset transfer - NONE.
(c) Debt to equity ratio - 1.9:1. Earnings - $2 million.
(d) NONE
(a) Trent Windfarm L.P.
1 Riverside Plaza
Columbus, Ohio
Operation of Windfarm in Texas.
(b) Capital invested - $48 million.
Recourse debt - NONE.
Guarantees - NONE.
Asset transfer - NONE.
(c) Debt to equity ratio - 1.2:1. Earnings - $9 million.
(d) NONE
Part II.
See Exhibit's G and H
Part III.
American Electric Power Company, Inc.'s aggregate investment in
foreign utility companies is $1.3 billion and in exempt wholesale
generators is $68 million which is 17.9% of its investment in
domestic public utility subsidiary companies.
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS
Consent of Independent Public Accountants
Consolidating Statements of Income
Consolidating Balance Sheets
Consolidating Statements of Cash Flows
Consolidating Statements of Retained Earnings
Notes to Consolidating Financial Statements
Financial Statements of Subsidiaries Not Consolidated:
Ohio Valley Electric Corporation
EXHIBITS
Exhibit A - 10K File References for Each AEP Registrant
Exhibit B & C - 10K Exhibit Index **
Exhibit D - Tax Allocation Agreement **
Exhibit E - Chart of Accounts/Personnel Policies **
Exhibit F - Intercompany Billings **
Exhibit G - Organizational Chart For:
- Exempt Wholesale Generators
- Foreign Utility Companies **
Exhibit H - Unaudited Financial Statements For:
- Exempt Wholesale Generators
- Foreign Utility Companies ***
** These Exhibits are included only the in copy filed with the Securities
and Exchange Commission.
*** Filed confidentially pursuant to Rule 104(b) of the PUHCA.
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/ Stephen P. Smith
----------------------
Stephen P. Smith
Treasurer
April 30, 2004
INDEPENDENT AUDITORS' CONSENT
We consent to the incorporation by reference in this American Electric
Power Company, Inc. Annual Report on 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, 2003, of our reports dated
March 5, 2004, included in or incorporated by reference in the combined
Annual Report on Form 10-K to the Securities and Exchange Commission of
American Electric Power Company, Inc. and subsidiaries (which expresses
an unqualified opinion and includes explanatory paragraphs referring to
the Company's adoption of Statement of Financial Accounting Standards
(SFAS) 142, "Goodwill and Other Intangible Assets," SFAS 143, "Accounting
for Asset Retirement Obligations," Emerging Issues Task Force (EITF)
02-3, "Issues Involved in Accounting for Derivative Contracts Held for
Trading Purposes and Contracts Involved in Energy Trading and Risk
Management Activities," and Financial Interpretation Number (FIN) 46,
"Consolidation of Variable Interest Entities"), AEP Generating Company,
AEP Texas Central Company and subsidiaries (which expresses an
unqualified opinion and includes explanatory paragraphs regarding the
Company's adoption of SFAS 143 and FIN 46), AEP Texas North Company
(which expresses an unqualified opinion and includes an explanatory
paragraph regarding the Company's adoption of SFAS 143), Appalachian
Power Company and subsidiaries (which expresses an unqualified opinion
and includes an explanatory paragraph regarding the Company's adoption of
SFAS 143 and EITF 02-3), Columbus Southern Power Company and subsidiaries
(which expresses an unqualified opinion and includes an explanatory
paragraph regarding the Company's adoption of SFAS 143 and EITF 02-3),
Indiana Michigan Power Company and subsidiaries (which expresses an
unqualified opinion and includes an explanatory paragraph regarding the
Company's adoption of SFAS 143 and EITF 02-3), Kentucky Power Company
(which expresses an unqualified opinion and includes an explanatory
paragraph regarding the Company's adoption of EITF 02-3), Ohio Power
Company Consolidated (which expresses an unqualified opinion and includes
explanatory paragraphs regarding the Company's adoption of SFAS 143, EITF
02-3 and FIN 46), Public Service Company of Oklahoma Consolidated (which
expresses an unqualified opinion and includes an explanatory paragraph
regarding the Company's adoption of FIN 46), and Southwestern Electric
Power Company and subsidiaries (which expresses an unqualified opinion
and includes explanatory paragraphs regarding the Company's adoption of
SFAS 143, and FIN 46) for the year ended December 31, 2003.
/s/ Deloitte & Touche LLP
-------------------------
Columbus, Ohio
April 30, 2004
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC AMERICAN ELECTRIC
DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
---------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $14,545,054,495.23 ($847,192,934.00) ($160,248,881.25)
SALES TO AFFILIATES 36,782.36 0.00 (2,757,824,609.89)
---------------------- ------------------- ----------------------
TOTAL REVENUES 14,545,091,277.59 (847,192,934.00) (2,918,073,491.14)
---------------------- ------------------- ----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 3,052,652,491.47 181,800,000.00 (303,177,110.56)
PURCHASED ELECTRICITY FOR RESALE 706,531,493.06 (3,760,930,000.00) (5,226,951.07)
PURCHASED GAS FOR RESALE 2,850,275,000.00 2,850,275,000.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 (1,651,316,467.89)
OTHER OPERATION 2,864,929,091.86 (169,403,602.69) (786,582,092.37)
MAINTENANCE 808,469,478.49 (72,687,000.00) (79,062,223.84)
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 650,158,000.00 650,158,000.00 0.00
DEPRECIATION AND AMORTIZATION 1,299,528,694.14 (37,725,000.00) (8,653,441.20)
TAXES OTHER THAN INCOME TAXES 680,850,971.12 (550,000.00) (40,221,167.42)
INCOME TAXES 0.00 (586,436,094.90) (3,841,142.00)
---------------------- ------------------- ----------------------
TOTAL EXPENSES 12,913,395,220.14 (945,498,697.59) (2,878,080,596.35)
---------------------- ------------------- ----------------------
OPERATING INCOME 1,631,696,057.44 98,305,763.59 (39,992,894.80)
OTHER INCOME (EXPENSE) 387,122,002.79 1,485,485,144.55 (349,445,665.22)
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) (70,000,000.00) (70,000,000.00) 0.00
OTHER INCOME (EXPENSE) (227,123,635.05) 33,430,173.50 38,755,495.78
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 (549,376,104.56) 11,162,312.00
INTEREST EXPENSE (INCOME) 813,660,544.71 (16,252,000.00) (115,938,120.93)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 8,903,507.37 8,903,507.37 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) (18,569,365.54) (18,569,365.54) 0.00
---------------------- ------------------- ----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 1,138,257,052.66 597,166,803.97 (165,855,928.71)
---------------------- ------------------- ----------------------
INCOME BEFORE INCOME TAXES 880,561,007.57 986,624,104.17 (223,582,631.30)
INCOME TAXES
INCOME TAXES 832,249,171.90 832,249,171.90 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 474,104,088.56 474,104,088.56 0.00
---------------------- ------------------- ----------------------
TOTAL INCOME TAXES 358,145,083.34 358,145,083.34 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 522,415,924.23 628,479,020.83 (223,582,631.30)
DISCONTINUED OPERATIONS (NET OF TAX) (605,202,563.00) (605,202,563.00) 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 176,775.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 192,521,480.13 (32,356,740.20) 0.00
---------------------- ------------------- ----------------------
NET INCOME $109,734,841.36 ($8,903,507.37) ($223,582,631.30)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 (8,903,507.37) 0.00
---------------------- ------------------- ----------------------
NET INCOME APPLICABLE TO COMMON STOCK $109,734,841.36 ($0.00) ($223,582,631.30)
====================== =================== ======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC AMERICAN ELECTRIC
DESCRIPTION POWER POWER SERVICE AEP TEXAS
COMPANY CORPORATION POLR, LLC
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $0.00 $6,674,628.58 $8,694,202.35
SALES TO AFFILIATES 11,352,440.77 782,185,868.87 0.00
---------------------- ---------------------- -----------------------
TOTAL REVENUES 11,352,440.77 788,860,497.45 8,694,202.35
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 2,442,434.76 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 860,437.07 0.00
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 5,117,114.49
OTHER OPERATION 32,146,080.07 646,846,471.46 13,075,955.63
MAINTENANCE 426.16 79,062,223.84 2.53
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 146,738.09 8,618,050.25 1,586.76
TAXES OTHER THAN INCOME TAXES 0.00 40,227,458.74 262,547.43
INCOME TAXES 1,940,624.00 (2,681,030.00) 0.00
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 34,233,868.32 775,376,046.12 18,457,206.83
---------------------- ---------------------- -----------------------
OPERATING INCOME (22,881,427.55) 13,484,451.33 (9,763,004.48)
OTHER INCOME (EXPENSE) 312,845,519.27 569,280.79 9,018.32
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (44,534,759.08) (8,931,701.78) (500.00)
NONOPERATING INCOME TAX CREDITS (EXPENSE) 490,342.00 0.00 3,528,862.00
INTEREST EXPENSE (INCOME) 139,526,828.47 5,122,030.33 203,690.26
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 183,571,245.55 14,053,732.11 (3,324,671.74)
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 106,392,846.17 0.01 (6,429,314.42)
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 106,392,846.17 0.01 (6,429,314.42)
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME $106,392,846.17 $0.01 ($6,429,314.42)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $106,392,846.17 $0.01 ($6,429,314.42)
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP MONEY AEP GENERATING CENTRAL COAL
POOL COMPANY COMPANY
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $0.00 $210,000.00 $0.00
SALES TO AFFILIATES 0.00 232,955,270.00 0.00
---------------------- ---------------------- -----------------------
TOTAL REVENUES 0.00 233,165,270.00 0.00
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 109,238,056.44 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 0.00
OTHER OPERATION (0.02) 78,682,524.86 0.00
MAINTENANCE 0.00 10,345,839.38 0.00
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 0.00 22,686,032.78 0.00
TAXES OTHER THAN INCOME TAXES 0.00 3,396,081.01 0.00
INCOME TAXES 0.00 1,642,997.00 0.00
---------------------- ---------------------- -----------------------
TOTAL EXPENSES (0.02) 225,991,531.46 0.00
---------------------- ---------------------- -----------------------
OPERATING INCOME 0.02 7,173,738.54 0.00
OTHER INCOME (EXPENSE) 0.00 150,498.73 433,962.59
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (0.00) (361,264.29) (438,437.57)
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 3,550,415.00 4,381.00
INTEREST EXPENSE (INCOME) 0.00 2,549,792.48 (93.99)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 0.00 (639,358.23) 433,962.58
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 0.02 7,963,595.50 0.01
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 0.02 7,963,595.50 0.01
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME $0.02 $7,963,595.50 $0.01
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $0.02 $7,963,595.50 $0.01
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP T&D INDIANA FRANKLIN FRANKLIN REAL
SERVICES, LLC REALTY, INC. ESTATE COMPANY
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $880,774.91 $0.00 $0.00
SALES TO AFFILIATES 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL REVENUES 880,774.91 0.00 0.00
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 0.00
OTHER OPERATION 820,201.86 0.01 0.01
MAINTENANCE 7,083.84 0.00 0.00
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 4,453.46 0.00 0.00
TAXES OTHER THAN INCOME TAXES (688.53) 0.00 0.00
INCOME TAXES 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 831,050.63 0.01 0.01
---------------------- ---------------------- -----------------------
OPERATING INCOME 49,724.28 (0.01) (0.01)
OTHER INCOME (EXPENSE) (1.71) 0.00 0.00
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (130.00) 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) (15,748.00) 0.00 0.00
INTEREST EXPENSE (INCOME) 5,458.98 0.00 0.00
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 21,336.98 0.00 0.00
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 28,385.59 (0.01) (0.01)
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 28,385.59 (0.01) (0.01)
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME $28,385.59 ($0.01) ($0.01)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $28,385.59 ($0.01) ($0.01)
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
APPALACHIAN POWER COLUMBUS SOUTHERN INDIANA MICHIGAN
DESCRIPTION COMPANY POWER COMPANY POWER COMPANY
CONSOLIDATED CONSOLIDATED CONSOLIDATED
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $1,734,564,772.25 $1,347,482,630.68 $1,346,393,152.14
SALES TO AFFILIATES 222,793,068.84 84,368,806.72 249,202,841.44
---------------------- ---------------------- -----------------------
TOTAL REVENUES 1,957,357,841.09 1,431,851,437.40 1,595,595,993.58
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 454,900,802.64 203,398,808.79 250,890,406.52
PURCHASED ELECTRICITY FOR RESALE 66,083,737.33 17,730,168.40 28,327,208.05
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 351,210,023.69 337,322,906.72 274,400,173.37
OTHER OPERATION 245,308,300.39 218,466,440.10 417,635,835.94
MAINTENANCE 135,595,517.13 75,319,430.65 158,280,616.40
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 175,771,879.00 135,964,381.81 171,281,007.92
TAXES OTHER THAN INCOME TAXES 90,087,499.26 133,753,570.01 57,787,478.37
INCOME TAXES 119,589,105.99 84,409,962.71 50,926,310.10
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 1,638,546,865.41 1,206,365,669.20 1,409,529,036.66
---------------------- ---------------------- -----------------------
OPERATING INCOME 318,810,975.67 225,485,768.20 186,066,956.92
OTHER INCOME (EXPENSE) (5,660,921.99) (7,488,973.13) 53,928,104.98
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (9,534,194.27) (4,650,608.99) (77,170,790.28)
NONOPERATING INCOME TAX CREDITS (EXPENSE) 14,368,862.00 10,748,643.71 9,777,424.00
INTEREST EXPENSE (INCOME) 115,201,622.63 50,948,011.09 83,053,952.92
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 110,366,954.90 44,849,976.37 150,447,319.19
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 202,783,098.79 173,146,818.70 89,547,742.71
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 202,783,098.79 173,146,818.70 89,547,742.71
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 77,256,443.43 27,283,164.83 (3,159,518.00)
---------------------- ---------------------- -----------------------
NET INCOME $280,039,542.22 $200,429,983.53 $86,388,224.71
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 3,494,210.07 1,015,380.36 2,509,062.40
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $276,545,332.15 $199,414,603.17 $83,879,162.31
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION KENTUCKY POWER KINGSPORT POWER OHIO POWER COMPANY
COMPANY COMPANY CONSOLIDATED
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $376,662,163.69 $86,522,806.23 $1,660,374,867.60
SALES TO AFFILIATES 39,808,381.73 49,326.36 584,278,164.02
---------------------- ---------------------- -----------------------
TOTAL REVENUES 416,470,545.42 86,572,132.59 2,244,653,031.62
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 74,148,004.24 0.00 616,679,836.32
PURCHASED ELECTRICITY FOR RESALE 962,715.53 0.00 63,485,751.63
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 141,690,132.64 60,637,688.99 90,821,164.40
OTHER OPERATION 47,325,335.43 7,105,836.22 369,086,535.21
MAINTENANCE 27,327,889.82 2,791,275.19 166,437,853.87
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 39,308,876.20 3,632,150.71 257,417,401.15
TAXES OTHER THAN INCOME TAXES 8,788,583.51 3,504,714.82 175,043,400.86
INCOME TAXES 12,174,770.00 2,703,911.00 146,014,148.26
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 351,726,307.38 80,375,576.94 1,884,986,091.70
---------------------- ---------------------- -----------------------
OPERATING INCOME 64,744,238.04 6,196,555.65 359,666,939.92
OTHER INCOME (EXPENSE) (4,036,662.28) 37,526.79 24,494,888.63
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (1,124,174.04) (65,350.41) (34,281,765.05)
NONOPERATING INCOME TAX CREDITS (EXPENSE) 2,500,135.00 75,280.00 7,614,796.00
INTEREST EXPENSE (INCOME) 28,619,742.22 1,515,115.41 106,464,124.05
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 27,243,781.26 1,505,185.82 133,131,093.10
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 33,463,794.50 4,728,896.62 251,030,735.45
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 33,463,794.50 4,728,896.62 251,030,735.45
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) (1,133,544.00) 0.00 124,631,674.07
---------------------- ---------------------- -----------------------
NET INCOME $32,330,250.50 $4,728,896.62 $375,662,409.52
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 1,098,049.97
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $32,330,250.50 $4,728,896.62 $374,564,359.55
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION WHEELING POWER
COMPANY AEP INVESTMENTS, INC. AEP RESOURCES, INC.
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $84,773,885.75 $0.00 $4,126,400,943.29
SALES TO AFFILIATES 1,158,950.52 0.00 197,355,528.65
---------------------- ---------------------- -----------------------
TOTAL REVENUES 85,932,836.27 0.00 4,323,756,471.94
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 56,099,840.75
PURCHASED ELECTRICITY FOR RESALE 76,740.62 0.00 3,755,189,754.41
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 50,764,075.60 0.00 0.00
OTHER OPERATION 6,321,141.32 3,741,922.71 519,753,777.50
MAINTENANCE 2,942,835.58 2.52 78,219,677.55
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 2,455,010.36 58,865.57 67,919,398.10
TAXES OTHER THAN INCOME TAXES 5,249,534.30 519.00 845,844.04
INCOME TAXES 6,833,045.00 0.00 (6,084,255.00)
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 74,642,382.78 3,801,309.81 4,471,944,037.34
---------------------- ---------------------- -----------------------
OPERATING INCOME 11,290,453.49 (3,801,309.81) (148,187,565.40)
OTHER INCOME (EXPENSE) 230,497.64 (3,704,778.74) (1,326,658,194.88)
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (357,944.97) (5,027.00) (43,814,587.88)
NONOPERATING INCOME TAX CREDITS (EXPENSE) 482,893.00 2,738,118.00 488,925,864.55
INTEREST EXPENSE (INCOME) 1,370,906.80 245,455.58 91,689,075.61
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 1,245,958.77 (2,487,635.42) (353,422,201.06)
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 10,274,992.36 (5,018,453.13) (1,121,423,559.22)
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 10,274,992.36 (5,018,453.13) (1,121,423,559.22)
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME $10,274,992.36 ($5,018,453.13) ($1,121,423,559.22)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $10,274,992.36 ($5,018,453.13) ($1,121,423,559.22)
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
AEP UTILITIES
DESCRIPTION AEP INCORPORATED AEP C&I
COMMUNICATIONS, INC. CONSOLIDATED COMPANY, LLC
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $5,792,235.73 $4,251,562,709.68 $153,619,517.72
SALES TO AFFILIATES 4,009,031.25 326,557,709.60 2,036,067.37
---------------------- ---------------------- -----------------------
TOTAL REVENUES 9,801,266.98 4,578,120,419.28 155,655,585.09
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 1,406,231,411.57 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 534,309,788.93 3,302,370.61
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 215,342,482.24 123,028,769.70
OTHER OPERATION 9,460,784.28 834,782,459.63 32,047,277.06
MAINTENANCE (350,259.92) 222,510,625.79 7.58
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 1,359,351.43 442,140,297.87 5,809.43
TAXES OTHER THAN INCOME TAXES 58,925.86 198,644,581.49 1,513,252.93
INCOME TAXES (368,701.00) 204,011,619.67 10,621.17
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 10,160,100.65 4,057,973,267.19 159,908,108.47
---------------------- ---------------------- -----------------------
OPERATING INCOME (358,833.67) 520,147,152.09 (4,252,523.38)
OTHER INCOME (EXPENSE) 1,559,663.24 226,800,500.04 1,610,025.09
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) 5,994,396.05 (80,279,291.81) 476,370.63
NONOPERATING INCOME TAX CREDITS (EXPENSE) 2,020,521.00 5,756,832.96 3,866,582.00
INTEREST EXPENSE (INCOME) 12,816,209.53 295,524,089.54 961,827.30
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 4,801,292.48 370,046,548.39 (3,381,125.33)
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES (3,600,462.92) 376,901,103.74 738,627.04
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT (3,600,462.92) 376,901,103.74 738,627.04
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 (176,775.00) 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME ($3,600,462.92) $376,724,328.74 $738,627.04
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 786,804.57 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK ($3,600,462.92) $375,937,524.17 $738,627.04
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP DESERT AEP DESERT
SKY LP, LLC SKY LP II, LLC AEP COAL, INC
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $0.00 $17,626,688.33 $129,081,078.44
SALES TO AFFILIATES 0.00 0.00 40,879,321.30
---------------------- ---------------------- -----------------------
TOTAL REVENUES 0.00 17,626,688.33 169,960,399.74
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 0.00
OTHER OPERATION 615,687.36 3,376,175.38 162,472,621.74
MAINTENANCE 2.53 1,725,191.78 0.00
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 3,459.10 9,052,662.39 6,014,127.14
TAXES OTHER THAN INCOME TAXES 0.00 1,692,601.50 693,415.04
INCOME TAXES (455,690.00) (8,747,177.00) (22,218,411.00)
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 163,458.98 7,099,454.05 146,961,752.92
---------------------- ---------------------- -----------------------
OPERATING INCOME (163,458.98) 10,527,234.28 22,998,646.82
OTHER INCOME (EXPENSE) (3.43) 66,916.76 (62,705,804.93)
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (200.00) (146,773.37) (18,975.00)
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 106,028.00
INTEREST EXPENSE (INCOME) 431,338.54 7,590,629.75 1,761,923.39
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 431,538.54 7,737,403.12 1,674,870.39
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES (595,000.95) 2,856,747.92 (41,382,028.50)
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT (595,000.95) 2,856,747.92 (41,382,028.50)
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME ($595,000.95) $2,856,747.92 ($41,382,028.50)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK ($595,000.95) $2,856,747.92 ($41,382,028.50)
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP POWER MUTUAL
MARKETING, INC AEP PRO SERV, INC ENERGY LLC
-------------------------------------------------------------------------------------------------------------------------------
REVENUES
SALES TO NON AFFILIATES $45,147,061.58 $157,048,687.57 $12,983,503.98
SALES TO AFFILIATES (22,081,764.69) 398,326.79 554,052.71
---------------------- ---------------------- -----------------------
TOTAL REVENUES 23,065,296.89 157,447,014.36 13,537,556.69
---------------------- ---------------------- -----------------------
EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 2,359,771.55
PURCHASED GAS FOR RESALE 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 981,936.05
OTHER OPERATION 452,895.18 163,620,794.34 7,769,733.27
MAINTENANCE 2.53 165.48 2,292.12
ASSET IMPAIRMENTS AND OTHER RELATED CHARGES 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 0.00 1,707,866.58 357,729.24
TAXES OTHER THAN INCOME TAXES 0.00 50,988.62 21,830.30
INCOME TAXES 0.00 575,386.00 0.00
---------------------- ---------------------- -----------------------
TOTAL EXPENSES 452,897.70 165,955,201.02 11,493,292.53
---------------------- ---------------------- -----------------------
OPERATING INCOME 22,612,399.19 (8,508,186.66) 2,044,264.16
OTHER INCOME (EXPENSE) 238.16 (848,595.35) 39,449,818.87
INTEREST AND OTHER CHARGES
INVESTMENT VALUE GAINS (LOSSES) 0.00 0.00 0.00
OTHER INCOME (EXPENSE) (50.00) (62,246.44) (1,298.76)
NONOPERATING INCOME TAX CREDITS (EXPENSE) (7,882,925.00) 3,327,227.34 (13,770,742.00)
INTEREST EXPENSE (INCOME) 89,942.08 269,605.65 (110,612.97)
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INTEREST EXPENSE AND OTHER CHARGES (INCOME) 7,972,917.08 (2,995,375.25) 13,661,427.79
---------------------- ---------------------- -----------------------
INCOME BEFORE INCOME TAXES 14,639,720.26 (6,361,406.77) 27,832,655.25
INCOME TAXES
INCOME TAXES 0.00 0.00 0.00
NONOPERATING INCOME TAX CREDITS (EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
TOTAL INCOME TAXES 0.00 0.00 0.00
INCOME BEFORE DISCONTINUED OPERATIONS,
EXTRAORDINARY ITEMS AND CUMULATIVE EFFECT 14,639,720.26 (6,361,406.77) 27,832,655.25
DISCONTINUED OPERATIONS (NET OF TAX) 0.00 0.00 0.00
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING
CHANGES (NET OF TAX) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME $14,639,720.26 ($6,361,406.77) $27,832,655.25
PREFERRED STOCK DIVIDEND REQUIREMENTS
OF SUBSIDIARIES (INCLUDING CAPITAL STOCK EXPENSE) 0.00 0.00 0.00
---------------------- ---------------------- -----------------------
NET INCOME APPLICABLE TO COMMON STOCK $14,639,720.26 ($6,361,406.77) $27,832,655.25
====================== ====================== =======================
Item 10 - Consolidating Statements of Income
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------
AEP UTILITIES AEP UTILITIES
DESCRIPTION INCORPORATED SEC REPORTING INCORPORATED
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
-----------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NONAFFILIATES $4,251,562,709.68 $357,627.00 $0.00
SALES TO AFFILIATES 326,557,709.60 0.00 (17,539,146.25)
------------------ ------------------ -----------------
TOTAL OPERATING REVENUES 4,578,120,419.28 357,627.00 (17,539,146.25)
------------------ ------------------ -----------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 1,406,231,411.57 239,724,031.05 (236,980.50)
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 (239,724,031.05) 0.00
PURCHASED ELECTRICITY FOR RESALE 534,309,788.93 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 215,342,482.24 0.00 (1,287,626.33)
OTHER OPERATION 834,782,459.63 (17,657,397.31) (16,014,539.42)
MAINTENANCE 222,510,625.79 0.00 0.00
DEPRECIATION AND AMORTIZATION 442,140,297.87 0.00 0.00
TAXES OTHER THAN INCOME TAXES 198,644,581.49 0.00 0.00
INCOME TAXES 204,011,619.67 6,305,259.00 0.00
------------------ ------------------ -----------------
TOTAL OPERATING EXPENSES 4,057,973,267.19 (11,352,138.31) (17,539,146.25)
------------------ ------------------ -----------------
NET OPERATING INCOME 520,147,152.09 11,709,765.31 0.00
NONOPERATING INCOME (EXPENSE) 226,800,500.04 (1,627,244.49) (392,485,985.94)
NONOPERATING EXPENSE (EXPENSE) (80,279,291.81) 127,790.27 0.00
NONOPERATING INCOME TAX EXPENSE (EXPENSE) 5,756,832.96 0.00 0.00
INTEREST CHARGES 295,524,089.54 0.00 0.00
MINORITY INTEREST (EXPENSE) 0.00 1,499,454.22 0.00
------------------ ------------------ -----------------
INCOME BEFORE EXTRAORDINARY ITEMS AND
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 376,901,103.74 11,709,765.31 (392,485,985.94)
EXTRAORDINARY ITEMS (NET OF TAX) (176,775.00) 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 (11,709,765.31) 0.00
------------------ ------------------ -----------------
NET INCOME 376,724,328.74 0.00 (392,485,985.94)
PREFERRED STOCK DIVIDEND REQUIREMENT 786,804.57 0.00 0.00
GAIN ON REACQUIRED STOCK 0.00 (3,000.00) 0.00
------------------ ------------------ -----------------
EARNINGS APPLICABLE TO COMMON STOCK $375,937,524.17 ($3,000.00) ($392,485,985.94)
================== ================== =================
Item 10 - Consolidating Statements of Income
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP UTILITIES AEP CREDIT ENERSHOP
INCORPORATED INCORPORATED INCORPORATED
-----------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NONAFFILIATES $0.00 $0.00 $0.00
SALES TO AFFILIATES 0.00 41,647,399.67 0.00
------------------ ------------------ -----------------
TOTAL OPERATING REVENUES 0.00 41,647,399.67 0.00
------------------ ------------------ -----------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00
OTHER OPERATION 2,691,066.55 31,978,071.62 313,000.75
MAINTENANCE 0.31 0.00 0.00
DEPRECIATION AND AMORTIZATION 430,774.24 0.00 643.17
TAXES OTHER THAN INCOME TAXES (20,240.78) 0.00 2,876.86
INCOME TAXES 12,191,837.12 2,105,671.00 0.00
------------------ ------------------ -----------------
TOTAL OPERATING EXPENSES 15,293,437.44 34,083,742.62 316,520.77
------------------ ------------------ -----------------
NET OPERATING INCOME (15,293,437.44) 7,563,657.05 (316,520.77)
NONOPERATING INCOME (EXPENSE) 391,307,967.87 528.99 (868,617.06)
NONOPERATING EXPENSE (EXPENSE) (55,300.42) (55,543.87) (26,226.24)
NONOPERATING INCOME TAX EXPENSE (EXPENSE) (10,860.00) 27,107.46 596,367.00
INTEREST CHARGES 10,845.71 3,180,105.27 369,766.39
MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00
------------------ ------------------ -----------------
INCOME BEFORE EXTRAORDINARY ITEMS AND
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 375,937,524.29 4,355,644.36 (984,763.46)
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00
------------------ ------------------ -----------------
NET INCOME 375,937,524.29 4,355,644.36 (984,763.46)
PREFERRED STOCK DIVIDEND REQUIREMENT 0.00 0.00 0.00
GAIN ON REACQUIRED STOCK 0.00 0.00 0.00
------------------ ------------------ -----------------
EARNINGS APPLICABLE TO COMMON STOCK $375,937,524.29 $4,355,644.36 ($984,763.46)
================== ================== =================
Item 10 - Consolidating Statements of Income
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL PUBLIC SERVICE
DESCRIPTION CSW LEASING COMPANY COMPANY OF
INCORPORATED CONSOLIDATED OKLAHOMA
-----------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NONAFFILIATES $0.00 $1,593,943,051.34 $1,079,691,666.53
SALES TO AFFILIATES 0.00 153,567,925.89 23,130,878.60
------------------ ------------------ -----------------
TOTAL OPERATING REVENUES 0.00 1,747,510,977.23 1,102,822,545.13
------------------ ------------------ -----------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 89,388,738.79 526,563,209.83
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 195,526,909.89 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 373,388,438.20 35,685,334.60
PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 19,097,154.27 109,638,951.04
OTHER OPERATION 3,223.25 297,877,813.88 129,246,159.58
MAINTENANCE 0.00 71,361,397.46 53,075,868.59
DEPRECIATION AND AMORTIZATION 0.00 189,129,688.49 86,455,283.19
TAXES OTHER THAN INCOME TAXES 0.00 92,109,013.35 32,287,344.31
INCOME TAXES 0.00 98,092,094.86 37,008,213.88
------------------ ------------------ -----------------
TOTAL OPERATING EXPENSES 3,223.25 1,425,971,249.19 1,009,960,365.03
------------------ ------------------ -----------------
NET OPERATING INCOME (3,223.25) 321,539,728.04 92,862,180.10
NONOPERATING INCOME (EXPENSE) 3,027.65 54,172,131.35 8,025,692.70
NONOPERATING EXPENSE (EXPENSE) 0.00 (17,272,617.49) (1,385,020.23)
NONOPERATING INCOME TAX EXPENSE (EXPENSE) 68.00 (7,079,713.00) (828,723.00)
INTEREST CHARGES 0.00 133,811,944.23 44,783,779.26
MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00
------------------ ------------------ -----------------
INCOME BEFORE EXTRAORDINARY ITEMS AND
CUMULATIVE EFFECT OF ACCOUNTING CHANGE (127.60) 217,547,584.67 53,890,350.31
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 121,663.00 0.00
------------------ ------------------ -----------------
NET INCOME (127.60) 217,669,247.67 53,890,350.31
PREFERRED STOCK DIVIDEND REQUIREMENT 0.00 241,143.84 212,606.61
GAIN ON REACQUIRED STOCK 0.00 0.00 0.00
------------------ ------------------ -----------------
EARNINGS APPLICABLE TO COMMON STOCK ($127.60) $217,428,103.83 $53,677,743.70
================== ================== =================
Item 10 - Consolidating Statements of Income
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------
SOUTHWESTERN
ELECTRIC POWER
DESCRIPTION AEP TEXAS NORTH CSW ENERGY COMPANY
COMPANY INCORPORATED CONSOLIDATED
-----------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NONAFFILIATES $410,792,929.49 $83,808,270.16 $1,077,987,452.20
SALES TO AFFILIATES 55,153,103.55 1,743,210.08 68,854,339.06
------------------ ------------------ -----------------
TOTAL OPERATING REVENUES 465,946,033.04 85,551,480.24 1,146,841,791.26
------------------ ------------------ -----------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 39,081,559.06 70,265,934.36 441,444,918.99
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 44,197,121.16 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 87,006,267.19 3,379,928.92 34,849,820.02
PURCHASED ELECTRICITY FROM AEP AFFILIATES 39,409,314.14 570,236.68 47,914,452.44
OTHER OPERATION 85,262,658.59 20,282,053.08 173,348,856.94
MAINTENANCE 18,960,588.99 8,339,480.42 70,443,258.96
DEPRECIATION AND AMORTIZATION 36,242,340.81 7,644,382.26 121,071,613.63
TAXES OTHER THAN INCOME TAXES 20,569,914.80 567,562.74 53,165,407.44
INCOME TAXES 27,189,059.43 (33,317,977.23) 54,467,946.88
------------------ ------------------ -----------------
TOTAL OPERATING EXPENSES 397,918,824.16 77,731,601.22 996,706,275.30
------------------ ------------------ -----------------
NET OPERATING INCOME 68,027,208.88 7,819,879.02 150,135,515.96
NONOPERATING INCOME (EXPENSE) 68,450,614.31 (37,040,622.45) 3,977,784.02
NONOPERATING EXPENSE (EXPENSE) (55,691,273.49) (2,878,054.81) (2,606,751.11)
NONOPERATING INCOME TAX EXPENSE (EXPENSE) (3,074,271.00) (582,800.89) 3,396,162.00
INTEREST CHARGES 22,049,407.38 11,037,186.14 63,779,160.38
MINORITY INTEREST (EXPENSE) 0.00 0.00 (1,499,454.22)
------------------ ------------------ -----------------
INCOME BEFORE EXTRAORDINARY ITEMS AND
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 55,662,871.32 (43,718,785.27) 89,624,096.27
EXTRAORDINARY ITEMS (NET OF TAX) (176,775.00) 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 3,070,844.47 0.00 8,517,257.84
------------------ ------------------ -----------------
NET INCOME 58,556,940.79 (43,718,785.27) 98,141,354.11
PREFERRED STOCK DIVIDEND REQUIREMENT 104,044.56 0.00 229,009.56
GAIN ON REACQUIRED STOCK 3,000.00 0.00 0.00
------------------ ------------------ -----------------
EARNINGS APPLICABLE TO COMMON STOCK $58,455,896.23 ($43,718,785.27) $97,912,344.55
================== ================== =================
Item 10 - Consolidating Statements of Income
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------
CSW ENERGY
DESCRIPTION CSW INTERNATIONAL C3 COMMUNICATIONS SERVICES
INCORPORATED INCORPORATED INCORPORATED
-----------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NONAFFILIATES $0.00 $1,149,753.68 $3,831,959.28
SALES TO AFFILIATES 0.00 0.00 (1.00)
------------------ ------------------ -----------------
TOTAL OPERATING REVENUES 0.00 1,149,753.68 3,831,958.28
------------------ ------------------ -----------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00
OTHER OPERATION 6,162,415.24 2,265,269.96 119,023,806.92
MAINTENANCE 0.00 330,029.79 1.26
DEPRECIATION AND AMORTIZATION 0.00 0.00 1,165,572.08
TAXES OTHER THAN INCOME TAXES 0.00 (37,349.93) 52.70
INCOME TAXES 0.00 (5,515.27) (24,970.00)
------------------ ------------------ -----------------
TOTAL OPERATING EXPENSES 6,162,415.24 2,552,434.55 120,164,462.97
------------------ ------------------ -----------------
NET OPERATING INCOME (6,162,415.24) (1,402,680.87) (116,332,504.69)
NONOPERATING INCOME (EXPENSE) 10,455,718.24 4,615,018.37 117,814,486.49
NONOPERATING EXPENSE (EXPENSE) (139,915.00) (294,396.42) (1,983.00)
NONOPERATING INCOME TAX EXPENSE (EXPENSE) 12,488,955.39 14,547.00 809,994.00
INTEREST CHARGES 458,503.29 11,039,831.13 5,003,560.36
MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00
------------------ ------------------ -----------------
INCOME BEFORE EXTRAORDINARY ITEMS AND
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 16,183,840.10 (8,107,343.05) (2,713,567.56)
EXTRAORDINARY ITEMS (NET OF TAX) 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00
------------------ ------------------ -----------------
NET INCOME 16,183,840.10 (8,107,343.05) (2,713,567.56)
PREFERRED STOCK DIVIDEND REQUIREMENT 0.00 0.00 0.00
GAIN ON REACQUIRED STOCK 0.00 0.00 0.00
------------------ ------------------ -----------------
EARNINGS APPLICABLE TO COMMON STOCK $16,183,840.10 ($8,107,343.05) ($2,713,567.56)
================== ================== =================
Item 10 - Consolidating Statements of Income
AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL AEP TEXAS CENTRAL
DESCRIPTION COMPANY SEC REPORTING COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
------------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,593,943,051.34 ($187,174.00) $0.00
SALES TO AEP AFFILIATES 153,567,925.89 0.00 (398,667.00)
-------------------- --------------------- --------------------
TOTAL OPERATING REVENUES 1,747,510,977.23 (187,174.00) (398,667.00)
-------------------- --------------------- --------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 89,388,738.79 (195,526,909.89) 0.00
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 195,526,909.89 195,526,909.89 0.00
PURCHASED ELECTRICITY FOR RESALE 373,388,438.20 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 19,097,154.27 0.00 0.00
OTHER OPERATION 297,877,813.88 0.00 (398,667.00)
MAINTENANCE 71,361,397.46 0.00 0.00
DEPRECIATION AND AMORTIZATION 189,129,688.49 0.00 0.00
TAXES OTHER THAN INCOME TAXES 92,109,013.35 0.00 0.00
INCOME TAXES 98,092,094.86 (65,511.00) 0.00
-------------------- --------------------- --------------------
TOTAL OPERATING EXPENSES 1,425,971,249.19 (65,511.00) (398,667.00)
-------------------- --------------------- --------------------
OPERATING INCOME 321,539,728.04 (121,663.00) 0.00
NONOPERATING INCOME (EXPENSE) 54,172,131.35 54,333.77 (79,566.86)
NONOPERATING EXPENSES (EXPENSE) (17,272,617.49) (54,333.77) 0.00
NONOPERATING INCOME TAX EXPENSE (EXPENSE) (7,079,713.00) 0.00 0.00
INTEREST CHARGES 133,811,944.23 0.00 0.00
-------------------- --------------------- --------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 217,547,584.67 (121,663.00) (79,566.86)
CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 121,663.00 121,663.00 0.00
-------------------- --------------------- --------------------
NET INCOME 217,669,247.67 0.00 (79,566.86)
PREFERRED STOCK DIVIDEND REQUIREMENTS 241,143.84 0.00 0.00
-------------------- --------------------- --------------------
EARNINGS APPLICABLE TO COMMON STOCK $217,428,103.83 $0.00 ($79,566.86)
==================== ===================== ====================
Item 10 - Consolidating Statements of Income
AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL
DESCRIPTION AEP TEXAS CENTRAL COMPANY
COMPANY SEC
-------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,506,393,546.51 $87,736,678.83
SALES TO AEP AFFILIATES 148,728,436.92 5,238,155.97
-------------------- ---------------------
TOTAL OPERATING REVENUES 1,655,121,983.43 92,974,834.80
-------------------- ---------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 284,915,648.68 0.00
FUEL FROM AFFILIATES FOR ELECTRIC GENERATION 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 373,388,438.20 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 19,097,154.27 0.00
OTHER OPERATION 297,744,074.03 532,406.85
MAINTENANCE 71,361,397.46 0.00
DEPRECIATION AND AMORTIZATION 142,308,344.23 46,821,344.26
TAXES OTHER THAN INCOME TAXES 92,109,013.35 0.00
INCOME TAXES 98,157,605.86 0.00
-------------------- ---------------------
TOTAL OPERATING EXPENSES 1,379,081,676.08 47,353,751.11
-------------------- ---------------------
OPERATING INCOME 276,040,307.35 45,621,083.69
NONOPERATING INCOME (EXPENSE) 53,868,053.27 329,311.17
NONOPERATING EXPENSES (EXPENSE) (17,218,283.72) 0.00
NONOPERATING INCOME TAX EXPENSE (EXPENSE) (7,079,713.00) 0.00
INTEREST CHARGES 87,941,116.23 45,870,828.00
-------------------- ---------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 217,669,247.67 79,566.86
CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 0.00 0.00
-------------------- ---------------------
NET INCOME 217,669,247.67 79,566.86
PREFERRED STOCK DIVIDEND REQUIREMENTS 241,143.84 0.00
-------------------- ---------------------
EARNINGS APPLICABLE TO COMMON STOCK $217,428,103.83 $79,566.86
==================== =====================
Item 10 - Consolidating Statements of Income
APPALACHIAN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------------
APPALACHIAN POWER APPALACHIAN POWER
DESCRIPTION COMPANY SEC REPORTING COMPANY APPALACHIAN POWER
CONSOLIDATED ADJUSTMENTS ELIMINATIONS COMPANY
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,734,564,772.25 ($2,094,011.00) $0.00 $1,736,658,783.25
SALES TO AEP AFFILIATES 222,793,068.84 0.00 0.00 222,793,068.84
------------------- ------------------ ------------------ ------------------
TOTAL OPERATING REVENUES 1,957,357,841.09 (2,094,011.00) 0.00 1,959,451,852.09
------------------- ------------------ ------------------ ------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 454,900,802.64 0.00 0.00 454,900,802.64
PURCHASED ELECTRICITY FOR RESALE 66,083,737.33 0.00 0.00 66,083,737.33
PURCHASED ELECTRICITY FROM AEP AFFILIATES 351,210,023.69 0.00 0.00 351,210,023.69
OTHER OPERATION 245,308,300.39 128,341,689.43 0.00 116,966,610.96
MAINTENANCE 135,595,517.13 0.00 0.00 135,595,517.13
DEPRECIATION AND AMORTIZATION 175,771,879.00 0.00 0.00 175,771,879.00
TAXES OTHER THAN INCOME TAXES 90,087,499.26 0.00 0.00 90,087,499.26
INCOME TAXES 119,589,105.99 (48,786,795.00) 0.00 168,375,900.99
------------------- ------------------ ------------------ ------------------
TOTAL OPERATING EXPENSES 1,638,546,865.41 79,554,894.43 0.00 1,558,991,970.98
------------------- ------------------ ------------------ ------------------
OPERATING INCOME 318,810,975.67 (81,648,905.43) 0.00 400,459,881.10
NONOPERATING INCOME (EXPENSE) (5,660,921.99) 7,568,755.58 (4,796,006.46) (14,261,339.71)
NONOPERATING EXPENSES (EXPENSE) (9,534,194.27) (811,121.58) 3,229,308.70 (8,153,293.43)
NONOPERATING INCOME TAX CREDIT (EXPENSE) 14,368,862.00 (2,365,172.00) 0.00 17,199,072.00
INTEREST CHARGES 115,201,622.63 0.00 0.00 115,204,777.77
------------------- ------------------ ------------------ ------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 202,783,098.79 (77,256,443.43) (1,566,697.76) 280,039,542.20
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 77,256,443.43 77,256,443.43 0.00 0.00
------------------- ------------------ ------------------ ------------------
NET INCOME 280,039,542.22 0.00 (1,566,697.76) 280,039,542.20
PREFERRED STOCK DIVIDEND REQUIREMENTS 3,494,210.07 0.00 0.00 3,494,210.07
------------------- ------------------ ------------------ ------------------
EARNINGS APPLICABLE TO COMMON STOCK $276,545,332.15 $0.00 ($1,566,697.76) $276,545,332.13
=================== ================== ================== ==================
Item 10 - Consolidating Statements of Income
APPALACHIAN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------
CENTRAL SOUTHERN
DESCRIPTION APPALACHIAN APPALACHIAN CEDAR COAL
COAL COMPANY COAL COMPANY COMPANY
-----------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $0.00 $0.00 $0.00
SALES TO AEP AFFILIATES 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OPERATING REVENUES 0.00 0.00 0.00
------------------- ------------------- -------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00
OTHER OPERATION 0.00 0.00 0.00
MAINTENANCE 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 0.00 0.00 0.00
TAXES OTHER THAN INCOME TAXES 0.00 0.00 0.00
INCOME TAXES 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OPERATING EXPENSES 0.00 0.00 0.00
------------------- ------------------- -------------------
OPERATING INCOME 0.00 0.00 0.00
NONOPERATING INCOME (EXPENSE) 271,704.51 1,486,069.91 4,069,894.18
NONOPERATING EXPENSES (EXPENSE) (61,219.49) (827,796.42) (2,910,072.05)
NONOPERATING INCOME TAX CREDIT (EXPENSE) (95,147.00) (214,147.00) (155,744.00)
INTEREST CHARGES (238.99) (1,114.52) (1,801.63)
------------------- ------------------- -------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 115,577.01 445,241.01 1,005,879.76
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00
------------------- ------------------- -------------------
NET INCOME 115,577.01 445,241.01 1,005,879.76
PREFERRED STOCK DIVIDEND REQUIREMENTS 0.00 0.00 0.00
------------------- ------------------- -------------------
EARNINGS APPLICABLE TO COMMON STOCK $115,577.01 $445,241.01 $1,005,879.76
=================== =================== ===================
Item 10 - Consolidating Statements of Income
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
COLUMBUS SOUTHERN COLUMBUS SOUTHERN
DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY COLUMBUS SOUTHERN
CONSOLIDATED ADJUSTMENTS ELIMINATIONS POWER COMPANY
------------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,347,482,630.68 ($1,407,676.00) ($9,196,483.88) $1,348,890,306.68
SALES TO AEP AFFILIATES 84,368,806.72 0.00 (172,100.00) 82,353,392.72
------------------ ----------------- ----------------- -------------------
TOTAL OPERATING REVENUES 1,431,851,437.40 (1,407,676.00) (9,368,583.88) 1,431,243,699.40
------------------ ----------------- ----------------- -------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 203,398,808.79 0.00 (127,819.21) 203,526,628.00
PURCHASED ELECTRICITY FOR RESALE 17,730,168.40 0.00 0.00 17,730,168.40
PURCHASED ELECTRICITY FROM AEP AFFILIATES 337,322,906.72 0.00 0.00 337,322,906.72
OTHER OPERATION 218,466,440.10 49,036,164.83 (7,151,008.53) 169,425,561.89
MAINTENANCE 75,319,430.65 0.00 (1,772,196.68) 75,319,430.17
DEPRECIATION AND AMORTIZATION 135,964,381.81 0.00 (86,436.24) 135,822,582.21
TAXES OTHER THAN INCOME TAXES 133,753,570.01 0.00 (230,600.22) 133,451,449.24
INCOME TAXES 84,409,962.71 (20,207,894.00) 0.00 104,571,276.71
------------------ ----------------- ----------------- -------------------
TOTAL OPERATING EXPENSES 1,206,365,669.20 28,828,270.83 (9,368,060.88) 1,177,170,003.34
------------------ ----------------- ----------------- -------------------
OPERATING INCOME 225,485,768.20 (30,235,946.83) (523.00) 254,073,696.05
NONOPERATING INCOME (EXPENSE) (7,488,973.13) 4,885,042.13 (1,073,012.97) (11,453,405.02)
NONOPERATING EXPENSES (EXPENSE) (4,650,608.99) (342,300.13) 523.00 (4,254,946.73)
NONOPERATING INCOME TAX CREDIT (EXPENSE) 10,748,643.71 (1,589,960.00) 0.00 12,970,691.71
INTEREST CHARGES 50,948,011.09 0.00 0.00 50,906,052.76
------------------ ----------------- ----------------- -------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 173,146,818.70 (27,283,164.83) (1,073,012.97) 200,429,983.25
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 27,283,164.83 27,283,164.83 0.00 0.00
------------------ ----------------- ----------------- -------------------
NET INCOME 200,429,983.53 0.00 (1,073,012.97) 200,429,983.25
PREFERRED STOCK DIVIDEND REQUIREMENTS 1,015,380.36 0.00 0.00 1,015,380.36
------------------ ----------------- ----------------- -------------------
EARNINGS APPLICABLE TO COMMON STOCK $199,414,603.17 $0.00 ($1,073,012.97) $199,414,602.89
================== ================= ================= ===================
Item 10 - Consolidating Statements of Income
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------
CONESVILLE COAL
DESCRIPTION SIMCO COLOMET PREPARATION
INCORPORATED INCORPORATED COMPANY
----------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $0.00 $0.00 $9,196,483.88
SALES TO AEP AFFILIATES 172,100.00 2,015,414.00 0.00
------------------ ------------------ ------------------
TOTAL OPERATING REVENUES 172,100.00 2,015,414.00 9,196,483.88
------------------ ------------------ ------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 0.00 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 0.00 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 0.00 0.00 0.00
OTHER OPERATION 2,654.06 4,712.60 7,148,355.26
MAINTENANCE 0.00 0.00 1,772,197.15
DEPRECIATION AND AMORTIZATION 59,238.00 141,799.60 27,198.24
TAXES OTHER THAN INCOME TAXES 5,700.48 302,120.77 224,899.74
INCOME TAXES 29,538.00 0.00 17,042.00
------------------ ------------------ ------------------
TOTAL OPERATING EXPENSES 97,130.54 448,632.97 9,189,692.39
------------------ ------------------ ------------------
OPERATING INCOME 74,969.46 1,566,781.03 6,791.49
NONOPERATING INCOME (EXPENSE) 6,259.43 81,850.94 64,292.36
NONOPERATING EXPENSES (EXPENSE) (523.00) (50,368.00) (2,994.13)
NONOPERATING INCOME TAX CREDIT (EXPENSE) (4,958.00) (627,130.00) 0.00
INTEREST CHARGES (41.72) 43,910.33 (1,910.28)
------------------ ------------------ ------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 75,789.61 927,223.64 70,000.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00
------------------ ------------------ ------------------
NET INCOME 75,789.61 927,223.64 70,000.00
PREFERRED STOCK DIVIDEND REQUIREMENTS 0.00 0.00 0.00
------------------ ------------------ ------------------
EARNINGS APPLICABLE TO COMMON STOCK $75,789.61 $927,223.64 $70,000.00
================== ================== ==================
Item 10 - Consolidating Statements of Income
INDIANA MICHIGAN POWER COMPANY AND SUBSIDAIRIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------
INDIANA MICHIGAN INDIANA MICHIGAN
DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
---------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,346,393,152.14 $0.00 $0.00
SALES TO AEP AFFILIATES 249,202,841.44 0.00 0.00
------------------- ------------------- -------------------
TOTAL OPERATING REVENUES 1,595,595,993.58 0.00 0.00
------------------- ------------------- -------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 250,890,406.52 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 28,327,208.05 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 274,400,173.37 0.00 0.00
OTHER OPERATION 417,635,835.94 0.00 0.00
MAINTENANCE 158,280,616.40 0.00 0.00
DEPRECIATION AND AMORTIZATION 171,281,007.92 0.00 0.00
TAXES OTHER THAN INCOME TAXES 57,787,478.37 0.00 0.00
INCOME TAXES 50,926,310.10 0.00 0.00
------------------- ------------------- -------------------
TOTAL OPERATING EXPENSES 1,409,529,036.66 0.00 0.00
------------------- ------------------- -------------------
OPERATING INCOME 186,066,956.92 0.00 0.00
NONOPERATING INCOME (EXPENSE) 53,928,104.98 24,463,995.47 6,164,161.58
NONOPERATING EXPENSES (EXPENSE) (77,170,790.28) (19,603,198.47) 241,892.75
NONOPERATING INCOME TAX CREDIT (EXPENSE) 9,777,424.00 (1,701,279.00) 0.00
INTEREST CHARGES 83,053,952.92 0.00 0.00
------------------- ------------------- -------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 89,547,742.71 3,159,518.00 6,406,054.33
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) (3,159,518.00) (3,159,518.00) 0.00
------------------- ------------------- -------------------
NET INCOME 86,388,224.71 0.00 6,406,054.33
PREFERRED STOCK DIVIDEND REQUIREMENTS 2,509,062.40 0.00 0.00
------------------- ------------------- -------------------
EARNINGS APPLICABLE TO COMMON STOCK $83,879,162.31 $0.00 $6,406,054.33
=================== =================== ===================
Item 10 - Consolidating Statements of Income
INDIANA MICHIGAN POWER COMPANY AND SUBSIDAIRIES
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------
DESCRIPTION INDIANA MICHIGAN PRICE RIVER BLACKHAWK
POWER COMPANY COAL COMPANY COAL COMPANY
---------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,346,393,152.14 $0.00 $0.00
SALES TO AEP AFFILIATES 249,202,841.44 0.00 0.00
------------------- ------------------- -------------------
TOTAL OPERATING REVENUES 1,595,595,993.58 0.00 0.00
------------------- ------------------- -------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 250,890,406.52 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 28,327,208.05 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 274,400,173.37 0.00 0.00
OTHER OPERATION 417,635,835.93 0.00 0.00
MAINTENANCE 158,280,616.40 0.00 0.00
DEPRECIATION AND AMORTIZATION 171,281,007.92 0.00 0.00
TAXES OTHER THAN INCOME TAXES 57,787,478.37 0.00 0.00
INCOME TAXES 50,926,310.10 0.00 0.00
------------------- ------------------- -------------------
TOTAL OPERATING EXPENSES 1,409,529,036.66 0.00 0.00
------------------- ------------------- -------------------
OPERATING INCOME 186,066,956.92 (0.00) 0.00
NONOPERATING INCOME (EXPENSE) 31,587,375.35 0.00 (8,287,427.42)
NONOPERATING EXPENSES (EXPENSE) (56,159,601.08) 0.00 (1,649,883.48)
NONOPERATING INCOME TAX CREDIT (EXPENSE) 7,948,857.00 0.00 3,529,846.00
INTEREST CHARGES 83,055,363.52 0.00 (1,410.60)
------------------- ------------------- -------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 86,388,224.68 0.00 (6,406,054.30)
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 0.00 0.00 0.00
------------------- ------------------- -------------------
NET INCOME 86,388,224.68 0.00 (6,406,054.30)
PREFERRED STOCK DIVIDEND REQUIREMENTS 2,509,062.40 0.00 0.00
------------------- ------------------- -------------------
EARNINGS APPLICABLE TO COMMON STOCK $83,879,162.28 $0.00 ($6,406,054.30)
=================== =================== ===================
Item 10 - Consolidating Statements of Income
OHIO POWER COMPANY CONSOLIDATED
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
OHIO POWER OHIO POWER
DESCRIPTION COMPANY SEC REPORTING COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
---------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,660,374,867.60 ($1,867,531.00) $0.00
SALES TO AEP AFFILIATES 584,278,164.02 0.00 (31,597,338.10)
-------------------- -------------------- --------------------
TOTAL OPERATING REVENUES 2,244,653,031.62 (1,867,531.00) (31,597,338.10)
-------------------- -------------------- --------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 616,679,836.32 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 63,485,751.63 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 90,821,164.40 0.00 0.00
OTHER OPERATION 369,086,535.21 213,641,327.27 (31,597,338.10)
MAINTENANCE 166,437,853.87 0.00 0.00
DEPRECIATION AND AMORTIZATION 257,417,401.15 0.00 0.00
TAXES OTHER THAN INCOME TAXES 175,043,400.86 0.00 0.00
INCOME TAXES 146,014,148.26 (86,959,751.00) 0.00
-------------------- -------------------- --------------------
TOTAL OPERATING EXPENSES 1,884,986,091.70 126,681,576.27 (31,597,338.10)
-------------------- -------------------- --------------------
OPERATING INCOME 359,666,939.92 (128,549,107.27) 0.00
NONOPERATING INCOME (EXPENSE) 24,494,888.63 8,280,786.21 0.00
NONOPERATING EXPENSES (EXPENSE) (34,281,765.05) (2,254,031.21) 0.00
NONOPERATING INCOME TAX CREDIT (EXPENSE) 7,614,796.00 (2,109,365.00) 0.00
-------------------- -------------------- --------------------
INTEREST CHARGES 106,464,124.05 0.00 0.00
-------------------- -------------------- --------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 251,030,735.45 (124,631,717.27) 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) 124,631,674.07 124,631,717.27 0.00
-------------------- -------------------- --------------------
NET INCOME 375,662,409.52 0.00 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT 1,098,049.97 0.00 0.00
-------------------- -------------------- --------------------
EARNINGS APPLICABLE TO COMMON STOCK $374,564,359.55 $0.00 $0.00
==================== ==================== ====================
Item 10 - Consolidating Statements of Income
OHIO POWER COMPANY CONSOLIDATED
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------
DESCRIPTION OHIO POWER
COMPANY JMG FUNDING LP
----------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,662,242,398.60 $0.00
SALES TO AEP AFFILIATES 584,278,164.02 31,597,338.10
-------------------- --------------------
TOTAL OPERATING REVENUES 2,246,520,562.62 31,597,338.10
-------------------- --------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 616,679,836.32 0.00
PURCHASED ELECTRICITY FOR RESALE 63,485,751.63 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 90,821,164.40 0.00
OTHER OPERATION 176,994,183.30 10,048,362.74
MAINTENANCE 166,437,853.87 0.00
DEPRECIATION AND AMORTIZATION 247,461,862.04 9,955,539.11
TAXES OTHER THAN INCOME TAXES 175,043,400.86 0.00
INCOME TAXES 232,973,899.26
-------------------- --------------------
TOTAL OPERATING EXPENSES 1,769,897,951.68 20,003,901.85
-------------------- --------------------
OPERATING INCOME 476,622,610.94 11,593,436.25
NONOPERATING INCOME (EXPENSE) 16,213,935.25 167.17
NONOPERATING EXPENSES (EXPENSE) (32,027,733.84) 0.00
NONOPERATING INCOME TAX CREDIT (EXPENSE) 9,724,161.00 0.00
-------------------- --------------------
INTEREST CHARGES 94,870,520.63 11,593,603.42
-------------------- --------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGES 375,662,452.72
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (NET OF TAX) (43.20) 0.00
-------------------- --------------------
NET INCOME 375,662,409.52 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT 1,098,049.97 0.00
-------------------- --------------------
EARNINGS APPLICABLE TO COMMON STOCK $374,564,359.55 $0.00
==================== ====================
Item 10 - Consolidating Statements of Income
SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN SOUTHWESTERN
ELECTRIC POWER ELECTRIC POWER
DESCRIPTION COMPANY SEC REPORTING COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
----------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,077,987,452.20 ($150,836.00) $0.00
SALES TO AEP AFFILIATES 68,854,339.06 0.00 (60,698,754.67)
--------------------- --------------------- --------------------
TOTAL OPERATING REVENUES 1,146,841,791.26 (150,836.00) (60,698,754.67)
--------------------- --------------------- --------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 441,444,918.99 0.00 (11,958,974.74)
PURCHASED ELECTRICITY FOR RESALE 34,849,820.02 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 47,914,452.44 0.00 0.00
OTHER OPERATION 173,348,856.94 12,952,638.84 (39,043,947.32)
MAINTENANCE 70,443,258.96 0.00 0.00
DEPRECIATION AND AMORTIZATION 121,071,613.63 0.00 (8,116,474.34)
TAXES OTHER THAN INCOME TAXES 53,165,407.44 0.00 (1,579,358.07)
INCOME TAXES 54,467,946.88 (4,586,217.00) 0.00
--------------------- --------------------- --------------------
TOTAL OPERATING EXPENSES 996,706,275.30 8,366,421.84 (60,698,754.47)
--------------------- --------------------- --------------------
OPERATING INCOME 150,135,515.96 (8,517,257.84) (0.20)
NONOPERATING INCOME (EXPENSE) 3,977,784.02 1,506,667.79 (4,716,674.17)
NONOPERATING EXPENSES (EXPENSE) (2,606,751.11) (7,213.57) 0.00
NONOPERATING INCOME TAX CREDIT (EXPENSE) 3,396,162.00 0.00 0.00
INTEREST CHARGES 63,779,160.38 0.00 (1,855,197.15)
MINORITY INTEREST (EXPENSE) (1,499,454.22) (1,499,454.22) 0.00
--------------------- --------------------- --------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 89,624,096.27 (8,517,257.84) (2,861,477.22)
CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 8,517,257.84 8,517,257.84 0.00
--------------------- --------------------- --------------------
NET INCOME 98,141,354.11 0.00 (2,861,477.22)
PREFERRED STOCK DIVIDEND REQUIREMENTS 229,009.56 0.00 0.00
--------------------- --------------------- --------------------
EARNINGS APPLICABLE TO COMMON STOCK $97,912,344.55 $0.00 ($2,861,477.22)
===================== ===================== ====================
Item 10 - Consolidating Statements of Income
SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED
CONSOLIDATING STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN
DESCRIPTION ELECTRIC POWER DOLET HILLS SABINE MINING
COMPANY LIGNITE COMPANY COMPANY
----------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
ELECTRIC GENERATION, TRANSMISSION AND DISTRIBUTION $1,045,164,278.57 $32,016,774.73 $957,234.90
SALES TO AEP AFFILIATES 68,854,339.06 32,016,774.73 28,681,979.94
--------------------- --------------------- --------------------
TOTAL OPERATING REVENUES 1,114,018,617.63 64,033,549.46 29,639,214.84
--------------------- --------------------- --------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 453,403,893.73 0.00 0.00
PURCHASED ELECTRICITY FOR RESALE 34,849,820.02 0.00 0.00
PURCHASED ELECTRICITY FROM AEP AFFILIATES 47,914,452.44 0.00 0.00
OTHER OPERATION 132,351,956.12 46,740,436.24 20,347,773.06
MAINTENANCE 70,443,258.96 0.00 0.00
DEPRECIATION AND AMORTIZATION 114,836,893.98 10,391,199.46 3,959,994.53
TAXES OTHER THAN INCOME TAXES 51,853,677.61 2,186,149.70 704,938.20
INCOME TAXES 57,448,650.88 795,541.00 809,972.00
--------------------- --------------------- --------------------
TOTAL OPERATING EXPENSES 963,102,603.74 60,113,326.40 25,822,677.79
--------------------- --------------------- --------------------
OPERATING INCOME 150,916,013.89 3,920,223.06 3,816,537.05
NONOPERATING INCOME (EXPENSE) 6,975,452.05 212,338.35 0.00
NONOPERATING EXPENSES (EXPENSE) (2,352,713.82) (154,833.33) (91,990.39)
NONOPERATING INCOME TAX CREDIT (EXPENSE) 2,976,722.00 419,440.00 0.00
INTEREST CHARGES 60,374,120.03 3,035,145.06 2,225,092.44
MINORITY INTEREST (EXPENSE) 0.00 0.00 0.00
--------------------- --------------------- --------------------
INCOME BEFORE CUMULATIVE EFFECT OF ACCOUNTING CHANGE 98,141,354.10 1,362,023.02 1,499,454.22
CUMULATIVE EFFECT OF ACCOUNTING CHANGE (NET OF TAX) 0.00 0.00 0.00
--------------------- --------------------- --------------------
NET INCOME 98,141,354.10 1,362,023.02 1,499,454.22
PREFERRED STOCK DIVIDEND REQUIREMENTS 229,009.56 0.00 0.00
--------------------- --------------------- --------------------
EARNINGS APPLICABLE TO COMMON STOCK $97,912,344.54 $1,362,023.02 $1,499,454.22
===================== ===================== ====================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC AMERICAN ELECTRIC
DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $1,182,143,529.95 ($13,163,000.00) $0.00
ADVANCES TO AFFILIATES (0.00) (3,326,573.62) (2,552,889,525.31)
ACCOUNTS RECEIVABLE - CUSTOMERS 1,155,243,672.78 564,697,990.96 244,169,524.97
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 0.00 (6,623,442.40) (1,472,642,506.35)
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 596,246,280.67 (29,779,121.00) 145,622,068.67
ACCOUNTS RECEIVABLE - MISCELLANEOUS 83,386,023.37 (735,931,237.66) (9,759,718.12)
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (123,937,047.57) 0.00 0.00
FUEL INVENTORY 516,346,182.67 (284,144,038.00) (3,243,735.91)
MATERIALS & SUPPLIES 475,040,881.60 (830,000.00) 1,983,490.88
RISK MANAGEMENT ASSETS 766,383,790.69 (560,283,000.00) (11,583,450.00)
MARGIN DEPOSITS 119,117,000.00 81,754,150.66 0.00
PREPAYMENTS 88,174,361.00 (13,750,000.00) (568,449.06)
OTHER 39,487,147.92 (316,699,029.66) (9,469,005.84)
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 4,897,631,823.07 (1,318,077,300.72) (3,668,381,306.07)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 36,032,486,862.27 (2,324,221,268.27) 31,888.92
ACCUMULATED DEPRECIATION AND AMORTIZATION (14,004,035,037.48) 1,211,237,078.77 0.00
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 22,028,451,824.80 (1,112,984,189.51) 31,888.92
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 (982,394,078.70) 0.00
NON-UTILITY PROPERTY, NET (0.00) (130,249,808.38) 0.00
OTHER INVESTMENTS (0.00) (102,951,465.54) 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS (0.00) (1,215,595,352.62) 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 211,850,592.72 14,944,000.00 (7,815,934,503.58)
REGULATORY ASSETS 3,901,486,743.39 21,455,094.31 0.00
FAS 109 DEFERRED FIT RECLASS (353,853,385.00) (86,009,596.00) 3,866,018.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 3,547,633,358.39 (64,554,501.69) 3,866,018.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 689,399,000.00 689,399,000.00 0.00
TOTAL GOODWILL 78,431,224.39 (15,000,000.00) 0.00
INTANGIBLE ASSETS 0.00 (34,166,945.96) 0.00
LONG-TERM RISK MANAGEMENT ASSETS 494,003,225.68 (274,252,000.00) (9,612,040.00)
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 982,395,000.00 982,395,000.00 0.00
OTHER DEFERRED DEBITS 362,704,783.90 25,871,000.00 (28,247,987.01)
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES (8,903,507.37) 0.00 (8,116,702.80)
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 353,801,276.53 25,871,000.00 (36,364,689.81)
OTHER ASSETS
TOTAL OTHER INVESTMENTS 243,263,414.99 (580,853,534.46) (732,222,899.57)
TOTAL OTHER SPECIAL FUNDS (492.15) (125,383,921.30) 0.00
CLEARING ACCOUNTS 8,616,552.93 0.00 0.00
UNAMORTIZED DEBT EXPENSE 126,640,653.39 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 732,321,405.68 (680,366,455.76) (768,587,589.38)
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 3,081,420,763.58 3,081,420,763.58 0.00
TOTAL ASSETS $36,743,538,218.31 $53,162,017.32 ($12,258,617,532.11)
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $1,778,855,672.16 ($4,936,000.00) $0.00
SHORT-TERM DEBT 326,110,594.37 (9,217,000.00) 0.00
ADVANCES FROM AFFILIATES 24,488.96 41,152,737.28 (2,552,889,524.91)
ACCOUNTS PAYABLE - GENERAL 1,329,122,768.00 (205,632,000.00) 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 7,810,543.62 0.00 (1,082,755,921.35)
CUSTOMER DEPOSITS 379,427,662.35 0.00 0.00
TAXES ACCRUED 619,994,801.24 12,237,000.00 (173,903.00)
INTEREST ACCRUED 207,373,909.25 (832,000.00) (9,759,717.64)
RISK MANAGEMENT LIABILITIES 631,417,738.05 (782,392,000.00) (11,583,450.00)
OBLIGATIONS UNDER CAPITAL LEASES 50,990,653.15 0.00 0.00
DIVIDENDS DECLARED 1,554,469.73 0.00 0.00
OTHER 649,484,904.31 (83,718,000.00) (12,712,741.75)
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 5,982,168,205.18 (1,033,337,262.72) (3,669,875,258.64)
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 335,252,271.27 (434,717,000.00) (9,612,040.00)
DEFERRED INCOME TAXES 6,875,408,172.72 (1,000,000.00) (13,001,629.00)
DEFERRED FIT & SIT RECLASS (2,918,581,864.87) 0.00 3,866,018.00
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 3,956,826,307.85 (1,000,000.00) (9,135,611.00)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 (422,035,653.00) (7,179,522.00)
ASSET REMOVAL COSTS 0.00 (582,397,338.00) 0.00
LONG-TERM DEBT 12,321,669,165.90 (20,918,000.00) (705,493,166.00)
OVER-RECOVERY OF FUEL COST 0.00 (133,221,888.17) 0.00
OTHER REGULATORY LIABILTIES 0.00 (1,112,872,030.57) 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT (0.00) (301,163.17) 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 (15,504,774.00) 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES (0.00) (1,261,899,855.91) 0.00
TOTAL OTHER DEFERRED CREDITS (0.00) (208,077,036.18) (8,366,885.23)
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES (0.01) (1,469,976,892.09) (8,366,885.23)
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 (4,563,230.63) 0.00
DEFERRED GAIN ON SALE/LEASEBACK 175,653,947.00 (153,584.00) 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 (17,282,832.10) 0.00
DEFERRED CREDITS AND OTHER 507,777,607.80 507,777,607.80 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 2,259,110,905.01 2,259,110,905.01 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES (0.00) (130,929,334.91) (26,727,717.52)
ACCUMULATED PROVISIONS - RATE REFUND 0.00 (112,780,000.00) 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 650,810,645.39 23,293,691.21 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 354.61 (1,035,860,050.67) 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 650,810,999.99 (1,256,275,694.37) (26,727,717.52)
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 667,238,000.00 667,238,000.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 76,055,000.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 60,794,000.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 2,626,106,684.50 0.00 (738,722,314.43)
PREMIUM ON CAPITAL STOCK 0.00 (3,078,712,964.32) (263,880,640.79)
PAID-IN CAPITAL 4,183,712,284.87 3,323,551,843.57 (5,737,031,250.15)
RETAINED EARNINGS 1,489,818,784.90 0.00 (1,082,593,126.35)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (425,463,000.00) (242,838,879.25) 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 7,874,174,754.27 2,000,000.00 (7,822,227,331.72)
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 (16,314,062.62) 0.00
LIABILITIES HELD FOR SALE 1,876,007,054.04 1,876,007,054.04 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $36,743,538,218.31 $53,162,017.32 ($12,258,617,532.11)
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC
DESCRIPTION AMERICAN ELECTRIC POWER SERVICE AEP TEXAS
POWER COMPANY CORPORATION POLR, LLC
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $874,882,360.38 $1,620,780.82 $32,307.61
ADVANCES TO AFFILIATES 1,877,368,555.65 0.00 2,123,784.59
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 34,506.21 13,860,385.18
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 35,599,750.45 183,880,115.56 17,837.62
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 10,235,271.19 7,387,243.48 575.19
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 (13,666,029.53)
FUEL INVENTORY 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.00 0.00 0.00
RISK MANAGEMENT ASSETS 4,741,666.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 2,477,262.55 2,702,506.73 0.00
OTHER 0.00 15,483,500.30 0.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 2,805,304,866.22 211,108,653.10 2,368,860.66
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 1,490,374.58 332,510,394.31 7,933.80
ACCUMULATED DEPRECIATION AND AMORTIZATION (146,738.09) (174,465,146.83) (1,586.76)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 1,343,636.49 158,045,247.48 6,347.04
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 7,818,808,133.58 0.00 0.00
REGULATORY ASSETS 0.00 2,246,120.39 0.00
FAS 109 DEFERRED FIT RECLASS 2,143,686.00 (9,293,001.00) 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 2,143,686.00 (7,046,880.61) 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 37,060,693.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 16,543,452.56 878,249.38 0.61
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 16,543,452.56 878,249.38 0.61
OTHER ASSETS
TOTAL OTHER INVESTMENTS 693,312,196.63 108,519,737.38 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 148.92 0.00 0.00
UNAMORTIZED DEBT EXPENSE 9,516,620.91 26,067.89 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 719,372,419.02 109,424,054.65 0.61
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $11,384,033,434.31 $471,531,074.63 $2,375,208.31
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $10,864,980.40 $2,000,000.00 $0.00
SHORT-TERM DEBT 281,824,000.00 0.00 0.00
ADVANCES FROM AFFILIATES 615,164,169.95 117,116,333.17 10,068,256.61
ACCOUNTS PAYABLE - GENERAL 102,213.89 23,685,339.64 1,367.68
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 27,192,233.60 75,296,900.44 41,042.18
CUSTOMER DEPOSITS 0.00 0.00 115,687.00
TAXES ACCRUED 858,226.00 (15,927,070.00) (221,498.00)
INTEREST ACCRUED 18,094,228.16 4,123,566.66 0.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 14,512,740.14 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 46,776,183.63 129,984,638.87 218,653.52
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 1,000,876,235.63 350,792,448.92 10,223,508.99
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 1,191,714.00 0.00 0.00
DEFERRED INCOME TAXES 4,629,131.00 46,886,129.00 2,777.00
DEFERRED FIT & SIT RECLASS (524,783.00) (118,819,947.00) (1,243,259.00)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 4,104,348.00 (71,933,818.00) (1,240,482.00)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 749,470.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 2,077,054,552.59 40,000,000.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 3,974,172.92 0.00
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 3,974,172.92 0.00
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 0.00 22,373,464.60 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 206,248,935.18 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 0.00 228,622,399.78 0.00
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 2,626,106,684.50 1,350,000.00 0.00
PREMIUM ON CAPITAL STOCK 3,342,414,929.23 0.00 0.00
PAID-IN CAPITAL 842,465,913.67 (82,023,599.00) 0.00
RETAINED EARNINGS 1,489,819,056.68 0.01 (6,607,818.69)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 8,300,806,584.08 (80,673,598.99) (6,607,818.69)
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $11,384,033,434.31 $471,531,074.63 $2,375,208.31
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP MONEY AEP GENERATING CENTRAL COAL
POOL COMPANY COMPANY
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $0.00 $0.00 $0.00
ADVANCES TO AFFILIATES 0.00 0.00 575,865.68
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 65,127,883.78 24,748,031.64 132.00
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00
FUEL INVENTORY (0.00) 20,139,220.44 0.00
MATERIALS & SUPPLIES 0.00 5,418,466.76 0.00
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 0.00 0.00 0.00
OTHER 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 65,127,883.78 50,305,718.83 575,997.68
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 0.00 674,054,374.71 715,282.00
ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 (351,061,609.66) (14,436.00)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 0.00 322,992,765.06 700,846.00
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 0.00 119,589.14 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 119,589.14 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00
REGULATORY ASSETS 0.00 5,660,896.15 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 0.00 5,660,896.15 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 2,287,714.64 523,707.38 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 2,287,714.64 523,707.38 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 442,379.08 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 2,287,714.64 966,086.46 0.00
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $67,415,598.42 $380,045,055.64 $1,276,843.68
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 18,752,273.28 36,891,737.11 0.00
ACCOUNTS PAYABLE - GENERAL 0.00 498,599.57 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 48,663,325.10 15,910,829.12 137,428.15
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 0.00 6,069,751.94 6,490.00
INTEREST ACCRUED 0.00 911,250.00 0.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 86,778.80 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 0.00 4,963,305.52 82,907.78
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 67,415,598.38 65,332,252.06 226,825.93
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
DEFERRED INCOME TAXES 0.00 94,135,552.00 34,643.00
DEFERRED FIT & SIT RECLASS 0.00 (69,806,845.00) (717,517.00)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 0.00 24,328,707.00 (682,874.00)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 49,588,612.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 0.00 44,810,865.94 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 27,822,062.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 15,504,774.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 43,326,836.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.01 0.00 0.00
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 0.01 43,326,836.00 0.00
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 105,475,421.99 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 0.00 182,195.41 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 1,125,272.65 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 0.00 527,720.72
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 0.00 1,307,468.06 527,720.72
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 0.00 1,000,000.00 3,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 23,434,000.00 1,202,171.00
RETAINED EARNINGS 0.03 21,440,892.59 0.03
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 0.03 45,874,892.59 1,205,171.03
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $67,415,598.42 $380,045,055.64 $1,276,843.68
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP T&D INDIANA FRANKLIN FRANKLIN REAL
SERVICES, LLC REALTY, INC. ESTATE COMPANY
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $0.00 $0.00 $0.00
ADVANCES TO AFFILIATES 0.00 0.00 240,169.54
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 10,358.44 33,447.01 (211,825.99)
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 152,261.99 0.00 98,813.78
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00
FUEL INVENTORY 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.01 0.00 0.00
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 3,448.66 0.00 0.00
OTHER 481.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 166,550.10 33,447.01 127,157.33
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 23,450.51 0.00 0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (4,453.46) 0.00 0.00
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 18,997.05 0.00 0.00
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 1,000.00
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 8.92 0.00 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 8.92 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 11.00 11.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 8.92 11.00 11.00
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $185,556.07 $33,458.01 $128,168.33
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 223,852.95 17,221.37 0.00
ACCOUNTS PAYABLE - GENERAL 57.44 0.00 249.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 52,036.29 119.09 102.79
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED (13,813.00) 0.00 195.00
INTEREST ACCRUED 0.00 0.00 0.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 13,810.90 15,103.56 48,856.18
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 275,944.58 32,444.02 49,402.97
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
DEFERRED INCOME TAXES 6,648.00 0.00 0.00
DEFERRED FIT & SIT RECLASS (484.00) 0.00 0.00
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 6,164.00 0.00 0.00
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 0.00 0.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 14.00 48,796.50
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 14.00 48,796.50
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 2,769.27 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 2,769.27 0.00 0.00
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 0.00 1,000.00 10,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL (1,032.00) 0.00 0.00
RETAINED EARNINGS (98,289.78) (0.01) 19,968.86
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY (99,321.78) 999.99 29,968.86
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $185,556.07 $33,458.01 $128,168.33
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
APPALACHIAN POWER COLUMBUS SOUTHERN INDIANA MICHIGAN
DESCRIPTION COMPANY POWER COMPANY POWER COMPANY
CONSOLIDATED CONSOLIDATED CONSOLIDATED
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $45,880,666.27 $4,142,432.16 $3,913,780.56
ADVANCES TO AFFILIATES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 133,716,961.09 47,098,947.82 61,083,821.63
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 137,281,246.61 68,168,358.88 124,826,019.97
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 35,020,281.49 23,722,456.95 2,000,068.39
ACCOUNTS RECEIVABLE - MISCELLANEOUS 3,961,188.95 5,256,826.22 4,498,304.57
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,085,327.62) (531,483.10) (531,487.62)
FUEL INVENTORY 42,806,440.47 14,364,800.66 33,967,999.70
MATERIALS & SUPPLIES 71,977,745.12 44,376,806.74 105,328,541.58
RISK MANAGEMENT ASSETS 71,189,275.85 40,095,004.24 44,071,259.67
MARGIN DEPOSITS 11,524,954.90 6,636,268.45 7,245,494.99
PREPAYMENTS 6,782,863.88 8,341,261.47 5,731,502.81
OTHER 6,517,480.00 4,102,393.00 4,941,140.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 564,573,777.02 265,774,073.48 397,076,446.26
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 6,140,930,644.39 3,570,443,772.21 5,306,182,181.52
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,321,359,209.92) (1,389,586,507.63) (2,490,912,459.57)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 3,819,571,434.47 2,180,857,264.58 2,815,269,721.95
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 982,394,078.70
NON-UTILITY PROPERTY, NET 20,574,430.78 22,417,574.08 52,302,710.78
OTHER INVESTMENTS 26,064,029.59 8,232,793.95 43,796,994.81
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 46,638,460.37 30,650,368.03 1,078,493,784.29
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 603,868.00 430,000.00 0.00
REGULATORY ASSETS 446,327,739.76 255,480,401.79 349,254,126.72
FAS 109 DEFERRED FIT RECLASS (29,131,302.00) (12,296,669.00) (72,977,329.00)
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 417,196,437.76 243,183,732.79 276,276,797.72
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 70,899,438.64 39,932,076.92 43,768,348.63
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 49,647,884.72 71,551,108.63 36,204,045.08
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 49,647,884.72 71,551,108.63 36,204,045.08
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 158,833.16 57.87 0.00
UNAMORTIZED DEBT EXPENSE 7,721,257.00 5,986,961.53 11,981,425.14
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 57,527,974.89 77,538,128.03 48,185,470.22
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $4,977,011,391.15 $2,838,365,643.83 $4,659,070,569.07
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $161,008,387.76 $11,000,000.00 $205,000,000.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 82,994,492.48 6,516,507.98 98,821,518.88
ACCOUNTS PAYABLE - GENERAL 140,497,345.72 58,219,859.77 101,776,021.61
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 81,812,226.37 53,571,895.14 47,483,810.79
CUSTOMER DEPOSITS 33,929,606.82 19,727,363.58 21,954,513.91
TAXES ACCRUED 50,258,565.75 132,853,280.48 42,189,106.92
INTEREST ACCRUED 22,112,796.08 16,528,117.07 17,962,933.11
RISK MANAGEMENT LIABILITIES 51,429,954.00 28,966,379.38 31,898,490.87
OBLIGATIONS UNDER CAPITAL LEASES 9,217,759.36 4,220,839.94 6,527,938.79
DIVIDENDS DECLARED 186,190.92 (0.00) 1,089,389.03
OTHER 60,102,649.59 25,364,137.62 56,586,413.96
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 693,549,974.85 356,968,380.96 631,290,137.87
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 54,326,567.66 30,597,885.62 33,537,420.82
DEFERRED INCOME TAXES 1,008,854,037.88 546,259,293.00 940,358,147.00
DEFERRED FIT & SIT RECLASS (205,498,809.48) (87,760,993.00) (602,982,549.00)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 803,355,228.40 458,498,300.00 337,375,598.00
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 30,544,863.00 30,796,639.00 90,278,100.00
ASSET REMOVAL COSTS 92,497,334.00 99,118,885.00 263,014,780.00
LONG-TERM DEBT 1,703,072,765.43 886,564,409.59 1,134,358,851.38
OVER-RECOVERY OF FUEL COST 68,704,458.11 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 276,948,842.49
UNAMORTIZED GAIN ON REACQUIRED DEBT 43,054.00 0.00 34,223.72
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 68,747,512.11 0.00 276,983,066.21
TOTAL OTHER DEFERRED CREDITS 13,041,424.25 15,864,536.26 27,878,885.11
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 81,788,936.36 15,864,536.26 304,861,951.32
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 250,000.00 4,263,378.85
DEFERRED GAIN ON SALE/LEASEBACK 88,288.00 0.00 70,178,525.01
UNREALIZED GAIN ON FORWARD COMMITMENTS 17,282,832.10 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 16,134,017.39 11,396,660.35 31,315,130.69
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 21,776,104.85 8,739,918.67 553,219,318.01
ACCUMULATED PROVISIONS - MISCELLANEOUS 102,462,814.22 41,689,669.16 55,783,588.26
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 140,372,936.45 61,826,248.18 640,318,036.96
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 5,360,000.00 0.00 63,445,000.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 17,783,900.00 0.00 8,101,100.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 260,457,768.00 41,026,065.00 56,583,866.43
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 719,899,208.64 576,399,735.58 858,694,392.60
RETAINED EARNINGS 408,718,478.89 326,781,977.65 187,875,312.84
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (52,087,690.64) (46,327,419.00) (25,105,883.00)
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 1,336,987,764.89 897,880,359.23 1,078,047,688.86
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $4,977,011,391.15 $2,838,365,643.83 $4,659,070,569.07
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION KENTUCKY POWER KINGSPORT POWER OHIO POWER COMPANY
COMPANY COMPANY CONSOLIDATED
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $886,067.16 $127,580.55 $58,250,285.59
ADVANCES TO AFFILIATES 0.00 0.00 67,918,020.70
ACCOUNTS RECEIVABLE - CUSTOMERS 21,177,464.00 2,073,503.63 100,959,701.41
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 25,327,057.84 316,158.42 120,531,929.50
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 5,533,840.37 690,520.70 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 97,063.93 10,369.54 736,175.32
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (736,031.99) (5,793.79) (789,244.62)
FUEL INVENTORY 9,481,117.33 0.00 77,725,300.56
MATERIALS & SUPPLIES 16,584,927.95 145,822.97 92,135,723.09
RISK MANAGEMENT ASSETS 16,199,996.44 0.00 56,265,271.44
MARGIN DEPOSITS 2,659,669.31 0.00 9,296,461.69
PREPAYMENTS 669,689.75 1,016,986.80 10,033,003.21
OTHER 1,026,407.00 162,779.00 23,070,436.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 98,907,269.08 4,537,927.82 616,133,063.88
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 1,349,746,447.93 103,956,347.62 6,531,314,842.29
ACCUMULATED DEPRECIATION AND AMORTIZATION (381,876,499.59) (39,808,999.60) (2,485,946,974.37)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 967,869,948.33 64,147,348.02 4,045,367,867.92
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 5,423,079.77 104,715.06 29,290,897.77
OTHER INVESTMENTS 1,021,507.17 190,587.50 23,617,149.88
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 6,444,586.94 295,302.56 52,908,047.65
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 646,814.00
REGULATORY ASSETS 121,642,709.67 6,047,997.42 528,709,342.44
FAS 109 DEFERRED FIT RECLASS (7,843,401.00) (413,527.00) (16,391,744.00)
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 113,799,308.67 5,634,470.42 512,317,598.44
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 16,134,242.13 0.00 52,824,714.92
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 13,948,213.25 375,104.61 83,829,359.11
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 13,948,213.25 375,104.61 83,829,359.11
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.01
UNAMORTIZED DEBT EXPENSE 4,530,228.54 2,777.70 10,489,950.22
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 18,478,441.79 377,882.31 94,319,309.33
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $1,221,633,796.94 $74,992,931.12 $5,374,517,416.14
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $20,000,000.00 $431,853,659.00
SHORT-TERM DEBT 0.00 0.00 25,940,955.49
ADVANCES FROM AFFILIATES 38,095,519.39 3,407,788.16 0.00
ACCOUNTS PAYABLE - GENERAL 22,802,341.50 284,539.47 104,873,746.12
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 22,647,841.61 6,157,408.25 101,758,140.78
CUSTOMER DEPOSITS 9,894,337.18 1,706,672.45 17,308,672.65
TAXES ACCRUED 7,329,064.07 1,526,283.12 132,792,835.06
INTEREST ACCRUED 6,915,363.28 899,178.07 45,678,727.12
RISK MANAGEMENT LIABILITIES 11,703,584.83 0.00 38,318,638.79
OBLIGATIONS UNDER CAPITAL LEASES 1,742,670.84 321,360.42 9,623,896.48
DIVIDENDS DECLARED 0.00 0.00 102,240.39
OTHER 8,628,745.47 1,239,758.44 71,539,599.75
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 129,759,468.17 35,542,988.38 979,791,111.64
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 12,362,838.56 0.00 40,476,845.18
DEFERRED INCOME TAXES 247,385,404.06 14,183,936.00 1,090,202,075.16
DEFERRED FIT & SIT RECLASS (35,264,271.00) (3,235,753.00) (156,619,782.24)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 212,121,133.06 10,948,183.00 933,582,292.92
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 7,954,776.00 578,524.00 15,640,519.00
ASSET REMOVAL COSTS 26,140,023.00 325,484.00 101,159,548.00
LONG-TERM DEBT 487,601,625.00 0.00 1,608,085,249.04
OVER-RECOVERY OF FUEL COST 1,418,030.00 0.00 0.00
OTHER REGULATORY LIABILTIES 9,173,641.46 0.00 3,288.73
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 10,591,671.46 0.00 3,288.73
TOTAL OTHER DEFERRED CREDITS 365,734.36 113,809.19 23,222,475.75
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 10,957,405.82 113,809.19 23,225,764.48
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 49,851.78 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 65,296.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 3,548,992.91 332,106.09 25,063,582.41
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 42,656,340.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 13,999,494.26 1,711,675.27 100,601,508.71
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 17,548,487.17 2,043,781.36 168,321,431.12
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 7,250,000.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 16,645,400.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 50,450,000.00 4,100,000.00 321,201,454.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 208,750,000.00 13,800,000.00 462,483,651.86
RETAINED EARNINGS 64,150,582.93 9,108,473.19 729,146,667.84
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (6,212,394.55) (1,633,608.00) (48,806,581.56)
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 317,138,188.38 25,374,865.20 1,464,025,192.14
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 16,314,062.62
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $1,221,633,796.94 $74,992,931.13 $5,374,517,416.14
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION WHEELING POWER
COMPANY AEP INVESTMENTS, INC. AEP RESOURCES, INC.
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $205,027.27 $80,225.49 $57,049,002.63
ADVANCES TO AFFILIATES 1,226,515.89 0.00 229,081,580.48
ACCOUNTS RECEIVABLE - CUSTOMERS 5,837,715.17 0.00 17,762,271.02
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 306,602.12 0.00 93,113,583.95
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 2,318,153.48 0.00 336,299,012.58
ACCOUNTS RECEIVABLE - MISCELLANEOUS 6,411.81 568,207.00 606,683,303.18
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (112,784.90) (550,000.00) (47,817,622.41)
FUEL INVENTORY 0.00 0.00 506,077,697.58
MATERIALS & SUPPLIES 99,457.88 0.00 5,864,314.63
RISK MANAGEMENT ASSETS 0.00 0.00 1,004,488,321.21
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 183,602.12 8,359.00 31,574,775.54
OTHER 206,876.00 0.00 295,408,597.90
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 10,277,576.84 106,791.49 3,135,584,838.28
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 111,841,131.94 393,065.36 1,306,419,865.56
ACCUMULATED DEPRECIATION AND AMORTIZATION (48,126,022.15) (87,697.33) (170,043,280.03)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 63,715,109.79 305,368.03 1,136,376,585.53
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 16,811.00 0.00 0.00
OTHER INVESTMENTS 28,402.64 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 45,213.64 0.00 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 36,332,221.90 71,984,503.85
REGULATORY ASSETS 10,603,434.53 0.00 0.00
FAS 109 DEFERRED FIT RECLASS (268,418.00) 0.00 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 10,335,016.53 0.00 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 53,708,031.39
INTANGIBLE ASSETS 0.00 0.00 3,556,975.07
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 510,274,747.58
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 1,912,996.68 21,358,217.03 11,905,899.21
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 1,912,996.68 21,358,217.03 11,905,899.21
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 10,942,380.58 2,707,703.55
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 27,153.38
UNAMORTIZED DEBT EXPENSE 2,777.77 0.00 8,079,606.60
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 1,915,774.45 32,300,597.61 22,720,362.75
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $86,288,691.25 $69,044,979.04 $4,934,206,044.45
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $20,000,000.00 $0.00 $400,367,264.10
SHORT-TERM DEBT 0.00 0.00 9,217,090.88
ADVANCES FROM AFFILIATES 0.00 10,356,561.62 844,725,973.48
ACCOUNTS PAYABLE - GENERAL 232,478.93 14,850.00 819,964,997.05
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 5,051,225.36 58,265,441.71 260,725,919.54
CUSTOMER DEPOSITS 827,331.72 0.00 220,258,672.17
TAXES ACCRUED 3,555,435.33 (70,497.00) 55,699,330.44
INTEREST ACCRUED 577,566.19 0.00 18,036,689.91
RISK MANAGEMENT LIABILITIES 0.00 0.00 1,183,366,738.21
OBLIGATIONS UNDER CAPITAL LEASES 291,766.63 0.00 190,685.31
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 1,427,025.71 56,606.29 129,830,441.92
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 31,962,829.87 68,622,962.62 3,942,383,803.02
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 589,954,994.27
DEFERRED INCOME TAXES 19,468,992.00 (504,610.00) 235,555,617.22
DEFERRED FIT & SIT RECLASS (5,146,430.00) (4,677,056.05) (938,049,078.03)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 14,322,562.00 (5,181,666.05) (702,493,460.81)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 340,443.00 0.00 0.00
ASSET REMOVAL COSTS 141,284.00 0.00 0.00
LONG-TERM DEBT 0.00 0.00 957,767,719.84
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 111,662.01 0.00 47,834,041.88
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 111,662.01 0.00 47,834,041.88
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 518,198.03 0.00 211,369.25
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 5,140,547.92 0.00 49,990,839.89
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 5,658,745.95 0.00 50,202,209.14
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 2,428,460.00 100.00 300.00
PREMIUM ON CAPITAL STOCK 0.00 9,900.00 9,900.00
PAID-IN CAPITAL 15,595,573.00 40,066,111.09 2,035,591,842.17
RETAINED EARNINGS 18,177,675.41 (34,472,428.62) (1,987,045,305.05)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (2,450,544.00) 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 33,751,164.41 5,603,682.47 48,556,737.12
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $86,288,691.25 $69,044,979.04 $4,934,206,044.45
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
AEP UTILITIES
DESCRIPTION AEP INCORPORATED AEP C&I
COMMUNICATIONS, INC. CONSOLIDATED COMPANY, LLC
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $0.00 $129,782,942.65 $32,265.98
ADVANCES TO AFFILIATES 1,147,801.63 233,070,918.52 46,361,054.34
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 (91,822,041.42) 34,441,612.54
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 446,137.97 494,670,329.62 20,116,870.07
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 62,190,798.22 12,339,100.90
ACCOUNTS RECEIVABLE - MISCELLANEOUS 11,412,624.70 121,732,542.38 1,191,775.54
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (9,604,168.51) (23,153,255.85) (22,670,403.08)
FUEL INVENTORY 0.00 93,137,113.44 0.00
MATERIALS & SUPPLIES 2,320,463.05 129,635,120.96 0.00
RISK MANAGEMENT ASSETS 0.00 70,691,758.14 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 0.01 31,638,120.69 0.00
OTHER 346.00 14,017,092.99 717,654.24
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 5,723,204.85 1,265,591,440.34 92,529,930.53
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 14,737,368.20 12,692,836,758.28 542,760.09
ACCUMULATED DEPRECIATION AND AMORTIZATION (143,675.30) (5,322,076,807.01) (5,809.43)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 14,593,692.90 7,370,759,951.27 536,950.66
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 52,891,934.48 31,142,620.49 0.00
REGULATORY ASSETS 0.00 2,154,058,880.21 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 (125,238,102.00) 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 0.00 2,028,820,778.21 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 2,662,500.00 0.00
INTANGIBLE ASSETS 0.00 21,736,066.16 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 33,425,251.75 0.00
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 170,525.17 53,249,605.08 (4,000.02)
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 (786,804.57) 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 170,525.17 52,462,800.51 (4,000.02)
OTHER ASSETS
TOTAL OTHER INVESTMENTS (56,538,926.00) 797,396,734.88 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 125,383,429.15 0.00
CLEARING ACCOUNTS 0.00 11,687,875.88 0.00
UNAMORTIZED DEBT EXPENSE 666,882.04 67,193,718.97 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS (55,701,518.79) 1,054,124,559.39 (4,000.02)
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $17,507,313.44 $11,808,263,167.62 $93,062,881.17
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $513,710,800.68 $0.00
SHORT-TERM DEBT 0.00 18,345,548.00 0.00
ADVANCES FROM AFFILIATES 92,185,472.61 347,809,521.73 27,022,035.12
ACCOUNTS PAYABLE - GENERAL 27,256.88 225,052,317.85 2,571,754.87
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 1,225,589.31 155,582,539.32 67,807,808.99
CUSTOMER DEPOSITS 1,300.00 52,485,476.96 984,027.91
TAXES ACCRUED (1,540,684.23) 173,168,685.74 (273,774.11)
INTEREST ACCRUED 0.00 64,598,382.56 94,884.92
RISK MANAGEMENT LIABILITIES 0.00 50,982,438.10 0.00
OBLIGATIONS UNDER CAPITAL LEASES 26,569.86 4,220,302.13 0.00
DIVIDENDS DECLARED 0.00 176,649.39 0.00
OTHER 697,335.08 171,851,126.07 1,885,054.33
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 92,622,839.51 1,777,983,788.52 100,091,792.03
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 12,022,577.16 0.00
DEFERRED INCOME TAXES 10,181,050.00 2,573,021,589.40 9,058.00
DEFERRED FIT & SIT RECLASS (53,223,461.00) (569,164,461.00) (8,610,804.00)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES (43,042,411.00) 2,003,857,128.40 (8,601,746.00)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 202,743,229.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 99,855,600.11 3,895,446,089.03 0.00
OVER-RECOVERY OF FUEL COST 0.00 63,099,400.06 0.00
OTHER REGULATORY LIABILTIES 0.00 798,924,195.89 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 223,885.45 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 862,247,481.40 0.00
TOTAL OTHER DEFERRED CREDITS 10,162,201.04 66,937,011.58 1,178,864.35
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 10,162,201.04 929,184,492.98 1,178,864.35
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 26,728,878.78 19,846,727.28 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 112,780,000.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 422,839.76 403,087,489.88 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 27,151,718.54 535,714,217.16 0.00
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 18,263,600.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 100.00 1.00 0.00
PREMIUM ON CAPITAL STOCK 9,900.00 148,975.88 0.00
PAID-IN CAPITAL 23,982,725.00 844,503,947.54 (5,727,771.11)
RETAINED EARNINGS (193,235,359.76) 1,588,395,120.94 6,121,741.90
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY (169,242,634.76) 2,433,048,045.36 393,970.79
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $17,507,313.44 $11,808,263,167.62 $93,062,881.17
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP DESERT AEP DESERT
SKY LP, LLC SKY LP II, LLC AEP COAL, INC
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $0.00 $14,991,266.62 $2,627,260.97
ADVANCES TO AFFILIATES 60,386,697.71 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 406,975.47 57,362,933.20 3,962,495.04
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 1,798,919.42 11,687,508.64
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00
FUEL INVENTORY 0.00 0.00 6,034,266.41
MATERIALS & SUPPLIES 0.00 0.00 0.00
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS (0.00) 220,690.11 655,568.77
OTHER 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 60,793,673.18 74,373,809.35 24,967,099.83
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 100,239.23 180,228,580.98 35,660,277.75
ACCUMULATED DEPRECIATION AND AMORTIZATION (3,459.10) (17,930,644.68) (20,906,905.06)
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 96,780.13 162,297,936.30 14,753,372.69
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS 765,558.30 (765,558.30) 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS 765,558.30 (765,558.30) 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS 765,558.30 (765,558.30) 0.00
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $61,656,011.60 $235,906,187.35 $39,720,472.52
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $7,986,580.22 $0.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 19,527,579.83 60,386,697.71 70,547,472.54
ACCOUNTS PAYABLE - GENERAL 0.00 193,345.26 3,964,462.09
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 44,718,575.35 9,255,896.01 4,044,794.06
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED (3,806,193.00) 1,396,439.00 3,869,525.62
INTEREST ACCRUED 0.00 944,370.61 0.00
RISK MANAGEMENT LIABILITIES 0.00 3,785,728.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 0.00 3,950,000.00 22,184,960.85
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 60,439,962.18 87,899,056.81 104,611,215.16
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 835,402.00 0.00
DEFERRED INCOME TAXES 374,545.00 42,124,735.00 12,353,074.00
DEFERRED FIT & SIT RECLASS (16,174.00) (1,601,222.00) (51,019,240.07)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 358,371.00 40,523,513.00 (38,666,166.07)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 0.00 105,962,603.94 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 0.00 120,092.80
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 0.00 120,092.80
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 848,771.68 53,049,811.15
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 0.00 848,771.68 53,049,811.15
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 0.00 0.00 100.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 16,174.00 (3,019,908.00) 0.00
RETAINED EARNINGS 841,504.42 2,856,747.92 (79,394,580.52)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 857,678.42 (163,160.08) (79,394,480.52)
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $61,656,011.60 $235,906,187.35 $39,720,472.52
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP POWER MUTUAL
MARKETING, INC AEP PRO SERV, INC ENERGY LLC
---------------------------------------------------------------------------------------------------------------------------------
ASSETS
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $0.00 $802,277.24 $0.00
ADVANCES TO AFFILIATES 0.00 28,279,811.44 8,435,322.76
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 151,308.56
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 23,154,475.01 69,044.57 0.00
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 289,099.92 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 19,051,440.87 22,510,151.45 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 (1,683,414.55) 0.00
FUEL INVENTORY 0.00 (0.00) 0.00
MATERIALS & SUPPLIES 0.00 (0.01) 0.00
RISK MANAGEMENT ASSETS 30,507,687.70 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 0.00 453,167.96 0.00
OTHER 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL CURRENT ASSETS 72,713,603.58 50,720,138.02 8,586,631.32
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 18.56 2,540,129.83 0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 (763,194.69) 0.00
---------------------- ---------------------- ----------------------
ELECTRIC UTILITY PLANT - NET 18.56 1,776,935.14 0.00
---------------------- ---------------------- ----------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL
DISPOSAL TRUST FUNDS 0.00 0.00 0.00
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
NET REGULATORY ASSETS 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00
TOTAL GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 8,873,904.73 0.00
LONG-TERM RISK MANAGEMENT ASSETS 10,608,445.11 0.00 0.00
SPENT NUCLEAR FUEL AND DECOMMISSIONING TRUSTS 0.00 0.00 0.00
OTHER DEFERRED DEBITS (0.00) 471,698.23 227,980.66
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER DEFERRED DEBITS (0.00) 471,698.23 227,980.66
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 (3,257,516.30) 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER ASSETS (0.00) (2,785,818.07) 227,980.66
---------------------- ---------------------- ----------------------
ASSETS HELD FOR SALE 0.00 0.00 0.00
TOTAL ASSETS $83,322,067.25 $58,585,159.81 $8,814,611.98
====================== ====================== ======================
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 11,130,290.62 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 16,629,141.41 12,871,798.03 490,684.22
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 1,852,266.38 1,060,931.82 250,137.40
CUSTOMER DEPOSITS 234,000.00 0.00 0.00
TAXES ACCRUED 3,571,932.00 14,720,920.11 (80,833.00)
INTEREST ACCRUED 0.00 487,573.15 0.00
RISK MANAGEMENT LIABILITIES 24,941,235.87 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 7,344.45 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 1,884,150.98 4,500,647.90 2,083,532.15
---------------------- ---------------------- ----------------------
TOTAL CURRENT LIABILITIES 60,243,017.26 33,649,215.46 2,743,520.77
---------------------- ---------------------- ----------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 4,275,066.00 0.00 0.00
DEFERRED INCOME TAXES 4,164,941.00 (308,211.00) 31,248.00
DEFERRED FIT & SIT RECLASS (238.00) (7,556,998.00) (907,728.00)
---------------------- ---------------------- ----------------------
NET DEFERRED INCOME TAXES 4,164,703.00 (7,865,209.00) (876,480.00)
---------------------- ---------------------- ----------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 0.00 7,500,000.01 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 5,590,199.40 0.00
---------------------- ---------------------- ----------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES 0.00 5,590,199.40 0.00
---------------------- ---------------------- ----------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
DEFERRED GAIN ON SALE/LEASEBACK 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
DEFERRED CREDITS AND OTHER 0.00 0.00 0.00
REGULATORY LIABILITIES AND
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAPITAL LEASES 0.00 5,729.24 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS AND
NUCLEAR DECOMMSSIONING TRUSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 291,929.96 0.00
---------------------- ---------------------- ----------------------
TOTAL OTHER NONCURRENT LIABILITIES 0.00 297,659.20 0.00
---------------------- ---------------------- ----------------------
EMPLOYEE BENEFITS AND PENSION OBLIGATIONS 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCKS OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON SHAREHOLDERS' EQUITY
COMMON STOCK 100.00 110,000.00 0.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 21,078,555.41 0.00
RETAINED EARNINGS 14,639,180.99 (1,775,260.67) 6,947,571.21
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
---------------------- ---------------------- ----------------------
COMMON SHAREHOLDERS' EQUITY 14,639,280.99 19,413,294.74 6,947,571.21
---------------------- ---------------------- ----------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $83,322,067.25 $58,585,159.81 $8,814,611.98
====================== ====================== ======================
Item 10 - Consolidating Balance Sheets
AEP UTILITIES, INCORPORATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------
AEP UTILITIES AEP UTILITIES
INCORPORATED SEC REPORTING INCORPORATED
DESCRIPTION CONSOLIDATED ADJUSTMENTS ELIMINATIONS
----------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $129,782,942.65 $0.00 $0.00
ADVANCES TO AFFILIATES 233,070,918.52 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS (91,822,041.42) (86,670,996.71) 106,666,935.86
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 494,670,329.62 0.00 (202,279,955.01)
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 62,190,798.22 34,243,095.12 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 121,732,542.38 86,670,996.71 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (23,153,255.85) 0.00 0.00
FUEL INVENTORY 93,137,113.44 0.00 0.00
MATERIALS & SUPPLIES 129,635,120.96 35,244,199.00 0.00
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 (35,564,491.32) 0.00
RISK MANAGEMENT ASSETS 70,691,758.14 0.00 0.00
MARGIN DEPOSITS 0.00 (13,989,459.94) 0.00
PREPAYMENTS 31,638,120.69 0.00 (281,290.64)
OTHER 14,017,092.99 13,989,459.94 0.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 1,265,591,440.34 33,922,802.80 (95,894,309.79)
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 12,692,836,758.28 2,267,407,476.78 0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (5,322,076,807.01) (1,437,575,286.56) 0.00
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT - NET 7,370,759,951.27 829,832,190.22 0.00
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 0.00 (11,027,324.15) 0.00
OTHER INVESTMENTS 0.00 (11,478,125.42) 0.00
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 (22,505,449.57) 0.00
------------------- ------------------- -------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 31,142,620.49 0.00 (2,590,732,522.41)
REGULATORY ASSETS 2,154,058,880.21 86,868,170.17 0.00
FAS 109 DEFERRED FIT RECLASS (125,238,102.00) (57,242,684.00) 0.00
------------------- ------------------- -------------------
NET REGULATORY ASSETS 2,028,820,778.21 29,625,486.17 0.00
------------------- ------------------- -------------------
GOODWILL 2,662,500.00 0.00 0.00
INTANGIBLE ASSETS 21,736,066.16 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 33,425,251.75 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 797,396,734.88 11,478,125.42 0.00
TOTAL OTHER SPECIAL FUNDS 125,383,429.15 125,383,429.15 0.00
CLEARING ACCOUNTS 11,687,875.88 0.00 0.00
UNAMORTIZED DEBT EXPENSE 67,193,718.97 0.00 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES (786,804.57) 0.00 (786,804.57)
OTHER DEFERRED DEBITS 53,249,605.08 0.00 (2,702,220.08)
------------------- ------------------- -------------------
TOTAL OTHER ASSETS 1,054,124,559.39 136,861,554.57 (3,489,024.65)
------------------- ------------------- -------------------
ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 (1,028,134,000.00) 0.00
TOTAL ASSETS $11,808,263,167.62 ($20,397,415.81) ($2,690,115,856.85)
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $513,710,800.68 $0.00 $0.00
SHORT-TERM DEBT 18,345,548.00 0.00 0.00
ADVANCES FROM AFFILIATES 347,809,521.73 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 225,052,317.85 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 155,582,539.32 34,243,095.12 (95,551,686.89)
CUSTOMER DEPOSITS 52,485,476.96 0.00 0.00
TAXES ACCRUED 173,168,685.74 0.00 0.00
INTEREST ACCRUED 64,598,382.56 (5,942,632.51) 0.00
RISK MANAGEMENT LIABILITIES 50,982,438.10 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 4,220,302.13 0.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 (4,177,623.56) 0.00
DIVIDENDS DECLARED 176,649.39 0.00 (268,284.66)
OTHER 171,851,126.07 10,375,595.36 0.00
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 1,777,983,788.52 34,498,434.41 (95,819,971.55)
------------------- ------------------- -------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 12,022,577.16 0.00 0.00
DEFERRED INCOME TAXES 2,573,021,589.40 0.00 0.00
DEFERRED FIT & SIT RECLASS (569,164,461.00) 0.00 0.00
------------------- ------------------- -------------------
NET DEFERRED INCOME TAXES 2,003,857,128.40 0.00 0.00
------------------- ------------------- -------------------
DEFERRED INVESTMENT TAX CREDITS 202,743,229.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 (38,593,140.00) 0.00
ASSET REMOVAL COSTS 0.00 (622,596,063.00) 0.00
LONG-TERM DEBT 3,895,446,089.03 0.00 0.00
OVER-RECOVERY OF FUEL COST 63,099,400.06 (5,926,679.93) 0.00
OTHER REGULATORY LIABILTIES 798,924,195.89 631,959,255.00 0.00
UNAMORTIZED GAIN REACQUIRED DEBT 223,885.45 0.00 0.00
------------------- ------------------- -------------------
TOTAL REGULATORY LIABILITIES 862,247,481.40 626,032,575.07 0.00
TOTAL OTHER DEFERRED CREDITS 66,937,011.58 (6,648,213.33) (3,563,362.88)
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 929,184,492.98 619,384,361.74 (3,563,362.88)
------------------- ------------------- -------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 (2,360,191.42) 0.00
OBLIGATIONS UNDER CAPITAL LEASES 19,846,727.28 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 112,780,000.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 403,087,489.88 227,199,539.07 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 (8,429,166.00) 0.00
------------------- ------------------- -------------------
TOTAL OTHER NONCURRENT LIABILITIES 535,714,217.16 216,410,181.65 0.00
------------------- ------------------- -------------------
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 18,263,600.00 0.00 0.00
COMMON STOCK
COMMON STOCK 1.00 0.00 (485,400,464.53)
PREMIUM ON CAPITAL STOCK 148,975.88 148,975.92 (148,975.92)
PAID-IN CAPITAL 844,503,947.54 (176,491,855.92) (908,174,107.12)
RETAINED EARNINGS 1,588,395,120.94 0.00 (1,197,008,974.85)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 176,342,880.00 0.00
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY 2,433,048,045.36 0.00 (2,590,732,522.42)
------------------- ------------------- -------------------
MINORITY INTEREST 0.00 (1,367,190.61) 0.00
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 (228,134,000.00) 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES $11,808,263,167.62 ($20,397,415.81) ($2,690,115,856.85)
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
AEP UTILITIES, INCORPORATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------
AEP UTILITIES AEP CREDIT ENERSHOP
DESCRIPTION INCORPORATED INCORPORATED INCORPORATED
----------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $24,365,423.45 $0.00 $0.00
ADVANCES TO AFFILIATES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 (385,107,182.58) 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 678,331.67 554,121,467.15 0.00
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 13,639.03 0.00 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 (13,166,951.44) 0.00
FUEL INVENTORY 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.00 0.00 0.00
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 0.00
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS (615,067.43) 350,000.00 0.00
OTHER 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 24,442,326.72 156,197,333.13 0.00
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 1,229,419.27 8,031.46 0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (202,330.24) 0.00 0.00
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT - NET 1,027,089.03 8,031.46 0.00
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
------------------- ------------------- -------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 2,590,732,522.42 0.00 0.00
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
------------------- ------------------- -------------------
NET REGULATORY ASSETS 0.00 0.00 0.00
------------------- ------------------- -------------------
GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 25,035,346.11 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
OTHER DEFERRED DEBITS 1,148,893.75 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER ASSETS 26,184,239.86 0.00 0.00
------------------- ------------------- -------------------
ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 0.00 0.00
TOTAL ASSETS $2,642,386,178.03 $156,205,364.59 $0.00
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 0.00 102,206,885.63 0.00
ACCOUNTS PAYABLE - GENERAL 134,134.99 17,605,426.77 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 2,553,123.22 1,561,198.01 0.00
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 7,833,087.24 (980,023.66) 0.00
INTEREST ACCRUED 0.00 118,575.00 0.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 268,284.67 0.00
OTHER 8,115,036.29 0.00 0.01
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 18,635,381.74 120,780,346.42 0.01
------------------- ------------------- -------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
DEFERRED INCOME TAXES 3,494,336.91 (4,272,227.00) 0.00
DEFERRED FIT & SIT RECLASS (676.00) 0.00 0.00
------------------- ------------------- -------------------
NET DEFERRED INCOME TAXES 3,493,660.91 (4,272,227.00) 0.00
------------------- ------------------- -------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 0.00 0.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN REACQUIRED DEBT 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 7,509,958.83 12,654,322.75 0.00
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 7,509,958.83 12,654,322.75 0.00
------------------- ------------------- -------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS (731.06) 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER NONCURRENT LIABILITIES (731.06) 0.00 0.00
------------------- ------------------- -------------------
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 1.00 1,000.00 0.00
PREMIUM ON CAPITAL STOCK 148,975.88 0.00 0.00
PAID-IN CAPITAL 1,024,203,809.67 27,041,922.42 0.00
RETAINED EARNINGS 1,588,395,121.06 (0.00) (0.00)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY 2,612,747,907.61 27,042,922.42 (0.00)
------------------- ------------------- -------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,642,386,178.03 $156,205,364.59 $0.00
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
AEP UTILITIES, INCORPORATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL PUBLIC SERVICE
CSW LEASING COMPANY COMPANY OF
DESCRIPTION INCORPORATED CONSOLIDATED OKLAHOMA
----------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $0.00 $65,882,383.28 $14,257,894.39
ADVANCES TO AFFILIATES 0.00 60,698,653.80 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 146,630,328.79 28,515,138.85
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 0.00 78,484,461.21 19,851,869.43
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 23,076,876.57 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 (1,709,988.26) (36,898.68)
FUEL INVENTORY 0.00 0.30 18,331,016.19
MATERIALS & SUPPLIES 0.00 11,709,156.27 38,125,104.02
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 24,170,491.32
RISK MANAGEMENT ASSETS 0.00 22,050,547.90 18,586,392.40
MARGIN DEPOSITS 0.00 3,229,459.28 4,351,145.41
PREPAYMENTS 0.00 6,757,510.78 2,643,823.44
OTHER 0.00 12,075.00 10,708.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 0.00 416,821,464.92 168,806,684.77
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 0.00 2,425,038,000.00 2,806,395,932.79
ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 (695,358,935.97) (1,069,215,752.81)
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT - NET 0.00 1,729,679,064.03 1,737,180,179.98
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 0.00 1,302,074.99 4,631,397.63
OTHER INVESTMENTS 0.00 4,639,200.00 2,320,006.00
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 5,941,274.99 6,951,403.63
------------------- ------------------- -------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00
REGULATORY ASSETS 0.00 1,922,455,792.59 28,698,988.40
FAS 109 DEFERRED FIT RECLASS 0.00 (30,905,150.00) 0.00
------------------- ------------------- -------------------
NET REGULATORY ASSETS 0.00 1,891,550,642.59 28,698,988.40
------------------- ------------------- -------------------
GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 7,627,391.95 10,379,202.93
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 689,399,160.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 9,162,796.15 540,691.80
UNAMORTIZED DEBT EXPENSE 0.00 40,355,271.70 14,552,614.41
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
OTHER DEFERRED DEBITS 0.00 6,035,972.18 2,922,390.29
------------------- ------------------- -------------------
TOTAL OTHER ASSETS 0.00 744,953,200.04 18,015,696.50
------------------- ------------------- -------------------
ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 1,028,134,000.00 0.00
TOTAL ASSETS $0.00 $5,824,707,038.51 $1,970,032,156.21
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $237,651,004.00 $83,700,000.00
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 0.00 0.00 32,864,368.16
ACCOUNTS PAYABLE - GENERAL 0.00 90,003,762.18 48,808,315.63
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 0.00 74,209,243.66 57,205,814.00
CUSTOMER DEPOSITS 0.00 1,517,146.16 26,547,008.92
TAXES ACCRUED 0.00 67,017,583.55 27,156,879.29
INTEREST ACCRUED 0.00 43,196,060.74 3,706,437.55
RISK MANAGEMENT LIABILITIES 0.00 17,888,265.90 11,067,058.39
OBLIGATIONS UNDER CAPITAL LEASES 0.00 406,834.52 451,935.63
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 40,195.58 53,151.22
OTHER 0.00 23,207,572.16 35,180,337.68
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 0.00 555,137,668.44 326,741,306.47
------------------- ------------------- -------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 2,659,930.24 3,601,851.16
DEFERRED INCOME TAXES 0.00 1,506,888,537.00 425,322,931.00
DEFERRED FIT & SIT RECLASS 0.00 (261,976,194.00) (89,889,186.00)
------------------- ------------------- -------------------
NET DEFERRED INCOME TAXES 0.00 1,244,912,343.00 335,433,745.00
------------------- ------------------- -------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 112,478,774.00 30,410,644.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 24,937,751.00
ASSET REMOVAL COSTS 0.00 95,414,745.00 214,032,762.00
LONG-TERM DEBT 0.00 2,053,974,012.58 490,597,772.92
OVER-RECOVERY OF FUEL COST 0.00 69,026,079.99 0.00
OTHER REGULATORY LIABILTIES 0.00 102,506,263.58 15,406,284.00
UNAMORTIZED GAIN REACQUIRED DEBT 0.00 5,258.50 0.00
------------------- ------------------- -------------------
TOTAL REGULATORY LIABILITIES 0.00 171,537,602.07 15,406,284.00
TOTAL OTHER DEFERRED CREDITS 0.00 5,487,416.56 246,925.96
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 0.00 177,025,018.63 15,653,209.96
------------------- ------------------- -------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 2,065,500.00 294,691.42
OBLIGATIONS UNDER CAPITAL LEASES 0.00 635,714.96 557,776.36
ACCUMULATED PROVISIONS - RATE REFUND 0.00 82,597,000.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 54,682,880.65 39,495,938.08
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER NONCURRENT LIABILITIES 0.00 139,981,095.61 40,348,405.86
------------------- ------------------- -------------------
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 5,940,300.00 5,266,700.00
COMMON STOCK
COMMON STOCK 0.00 55,291,944.53 157,230,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 132,606,982.69 230,015,879.19
RETAINED EARNINGS (0.00) 1,083,022,567.79 139,604,354.66
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 (61,872,344.00) (43,842,226.00)
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY (0.00) 1,209,049,151.01 483,008,007.85
------------------- ------------------- -------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 228,134,000.00 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES ($0.00) $5,824,707,038.51 $1,970,032,156.21
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
AEP UTILITIES, INCORPORATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN
ELECTRIC POWER
AEP TEXAS NORTH CSW ENERGY COMPANY
DESCRIPTION COMPANY INCORPORATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $2,862,572.24 $8,922,544.67 $11,724,352.26
ADVANCES TO AFFILIATES 41,593,327.78 64,303,296.81 66,475,640.13
ACCOUNTS RECEIVABLE - CUSTOMERS 56,670,028.92 0.00 41,473,705.45
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 28,909,712.82 4,386,475.30 10,393,624.25
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 4,870,826.53 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 3,410,673.07 1,836,780.85 4,682,309.38
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (175,175.18) 0.00 (2,092,942.10)
FUEL INVENTORY 10,925,299.22 0.00 63,880,797.74
MATERIALS & SUPPLIES 8,865,753.45 (0.02) 33,775,398.67
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 11,394,000.00
RISK MANAGEMENT ASSETS 10,340,274.72 0.00 19,714,543.12
MARGIN DEPOSITS 1,286,116.95 0.00 5,122,738.30
PREPAYMENTS 1,834,000.55 629,497.98 19,073,635.00
OTHER 0.00 0.00 4,850.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 171,393,411.08 80,078,595.60 285,622,652.21
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 1,233,426,999.54 148,768,348.40 3,799,459,946.09
ACCUMULATED DEPRECIATION AND AMORTIZATION (460,512,708.70) (41,365,428.09) (1,617,846,204.00)
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT - NET 772,914,290.84 107,402,920.31 2,181,613,742.10
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 1,285,840.98 0.00 3,808,010.55
OTHER INVESTMENTS 2.00 0.00 4,518,917.42
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 1,285,842.98 0.00 8,326,927.97
------------------- ------------------- -------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 30,951,236.78 191,383.70
REGULATORY ASSETS 40,520,303.95 0.00 75,515,625.10
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 (37,090,268.00)
------------------- ------------------- -------------------
NET REGULATORY ASSETS 40,520,303.95 0.00 38,425,357.10
------------------- ------------------- -------------------
GOODWILL 0.00 0.00 0.00
INTANGIBLE ASSETS 0.00 0.00 21,736,066.16
LONG-TERM RISK MANAGEMENT ASSETS 3,106,370.16 134,784.00 12,177,502.71
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 71,484,103.35 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 153,725.85 1,831.74 1,828,830.34
UNAMORTIZED DEBT EXPENSE 2,295,453.06 2,930,297.79 5,820,310.78
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
OTHER DEFERRED DEBITS 17,839,990.98 528,370.13 26,219,904.39
------------------- ------------------- -------------------
TOTAL OTHER ASSETS 20,289,169.89 74,944,603.01 33,869,045.51
------------------- ------------------- -------------------
ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 0.00 0.00
TOTAL ASSETS $1,009,509,388.90 $293,512,139.70 $2,581,962,677.45
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $42,505,000.00 $7,140,586.00 $142,714,210.68
SHORT-TERM DEBT 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 0.00 98,868,873.33 0.00
ACCOUNTS PAYABLE - GENERAL 28,189,890.39 2,110,957.36 37,645,508.97
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 40,600,638.32 2,050,651.97 35,138,037.99
CUSTOMER DEPOSITS 161,386.96 0.00 24,259,934.92
TAXES ACCRUED 22,876,901.47 (31,245.38) 28,690,883.86
INTEREST ACCRUED 6,037,537.73 630,630.00 16,851,774.05
RISK MANAGEMENT LIABILITIES 8,658,146.73 2,007,517.00 11,361,450.08
OBLIGATIONS UNDER CAPITAL LEASES 202,774.11 0.00 3,158,757.87
OVER-RECOVERY OF FUEL COST 0.00 0.00 4,177,623.56
DIVIDENDS DECLARED 26,039.16 0.00 57,263.42
OTHER 9,394,003.03 686,861.13 53,696,014.94
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 158,652,317.89 113,464,831.41 357,751,460.34
------------------- ------------------- -------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 1,093,647.92 0.00 4,667,147.84
DEFERRED INCOME TAXES 153,953,354.00 56,923,442.49 429,778,451.00
DEFERRED FIT & SIT RECLASS (40,934,693.00) 7,975,877.00 (80,714,472.00)
------------------- ------------------- -------------------
NET DEFERRED INCOME TAXES 113,018,661.00 64,899,319.49 349,063,979.00
------------------- ------------------- -------------------
DEFERRED INVESTMENT TAX CREDITS 19,989,507.00 0.00 39,864,304.00
SFAS 109 REGULATORY LIABILITY, NET 13,655,389.00 0.00 0.00
ASSET REMOVAL COSTS 76,739,857.00 0.00 236,408,699.00
LONG-TERM DEBT 314,249,126.46 107,051,654.10 741,594,997.01
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 27,857,434.27 0.00 21,194,959.04
UNAMORTIZED GAIN REACQUIRED DEBT 34,560.93 0.00 184,066.02
------------------- ------------------- -------------------
TOTAL REGULATORY LIABILITIES 27,891,995.20 0.00 21,379,025.06
TOTAL OTHER DEFERRED CREDITS 1,399,883.32 13,502,955.86 32,967,177.65
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 29,291,878.52 13,502,955.86 54,346,202.71
------------------- ------------------- -------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 270,031.50 0.00 18,383,204.46
ACCUMULATED PROVISIONS - RATE REFUND 21,621,000.00 0.00 8,562,000.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 20,296,069.27 1,219,978.66 60,165,014.45
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 8,429,166.00
------------------- ------------------- -------------------
TOTAL OTHER NONCURRENT LIABILITIES 42,187,100.77 1,219,978.66 95,539,384.91
------------------- ------------------- -------------------
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 2,357,000.00 0.00 4,699,600.00
COMMON STOCK
COMMON STOCK 137,214,000.00 1,000.00 135,659,520.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 2,350,434.87 88,480,323.68 245,003,620.64
RETAINED EARNINGS 125,428,607.47 (95,107,923.50) 359,906,742.39
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (26,718,139.00) 0.00 (43,910,171.00)
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY 238,274,903.34 (6,626,599.81) 696,659,712.03
------------------- ------------------- -------------------
MINORITY INTEREST 0.00 0.00 1,367,190.61
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES $1,009,509,388.90 $293,512,139.70 $2,581,962,677.45
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
AEP UTILITIES, INCORPORATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------
CSW ENERGY
CSW INTERNATIONAL C3 COMMUNICATIONS SERVICES
DESCRIPTION INCORPORATED INCORPORATED INCORPORATED
----------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $2,332,801.50 $58,828.18 ($623,857.33)
ADVANCES TO AFFILIATES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 56,820.03 28,848.77 38,674.00
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 5,950,271.21 21,680.44 19,146,191.69
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (5,950,242.47) (21,057.72) 0.00
FUEL INVENTORY 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.00 0.00 1,915,509.57
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COST 0.00 0.00 0.00
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 17,500.21 45,586.13 1,182,924.67
OTHER 0.00 0.04 0.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 2,407,150.48 133,885.84 21,659,442.60
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 0.00 (131.37) 11,102,735.31
ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 0.00 (160.64)
------------------- ------------------- -------------------
ELECTRIC UTILITY PLANT - NET 0.00 (131.37) 11,102,574.67
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 0.00 0.00
------------------- ------------------- -------------------
INVESTMENTS IN POWER AND DISTRIBUTION PROJECTS 0.00 0.00 0.00
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
------------------- ------------------- -------------------
NET REGULATORY ASSETS 0.00 0.00 0.00
------------------- ------------------- -------------------
GOODWILL 0.00 0.00 2,662,500.00
INTANGIBLE ASSETS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 919,667.92 320,103.31
PREFERRED STOCK DIVIDEND REQUIREMENT OF SUBSIDIARIES 0.00 0.00 0.00
OTHER DEFERRED DEBITS (20,883.49) 833,300.00 443,886.93
------------------- ------------------- -------------------
TOTAL OTHER ASSETS (20,883.49) 1,752,967.92 763,990.24
------------------- ------------------- -------------------
ASSETS HELD FOR SALE - TEXAS GENERATION PLANT 0.00 0.00 0.00
TOTAL ASSETS $2,386,266.99 $1,886,722.39 $36,188,507.50
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR $0.00 $0.00 $0.00
SHORT-TERM DEBT 0.00 0.00 18,345,548.00
ADVANCES FROM AFFILIATES 42,518,442.70 43,041,340.68 28,309,611.23
ACCOUNTS PAYABLE - GENERAL 27,031.57 0.00 527,290.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 1,633,960.62 1,509,498.68 428,964.60
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 22,513,672.34 (1,477,570.71) (431,482.26)
INTEREST ACCRUED 0.00 0.00 0.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 13,385,620.84 8,353,316.15 9,456,768.49
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 80,078,728.07 51,426,584.80 56,636,700.06
------------------- ------------------- -------------------
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
DEFERRED INCOME TAXES 3,535.00 381,303.00 547,926.00
DEFERRED FIT & SIT RECLASS (89,104,187.00) (4,322,813.00) (10,198,117.00)
------------------- ------------------- -------------------
NET DEFERRED INCOME TAXES (89,100,652.00) (3,941,510.00) (9,650,191.00)
------------------- ------------------- -------------------
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
SFAS 109 REGULATORY LIABILITY, NET 0.00 0.00 0.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
LONG-TERM DEBT 0.00 139,797,839.96 48,180,686.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORTIZED GAIN REACQUIRED DEBT 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 480,325.62 263,999.00 2,635,622.24
------------------- ------------------- -------------------
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS & REGULATORY LIABILITIES 480,325.62 263,999.00 2,635,622.24
------------------- ------------------- -------------------
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 0.00 28,800.77 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER NONCURRENT LIABILITIES 0.00 28,800.77 0.00
------------------- ------------------- -------------------
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK OF
SUBSIDIARIES NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 1,000.00 1,000.00 1,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00
PAID-IN CAPITAL 179,466,937.42 0.00 0.00
RETAINED EARNINGS (168,540,072.12) (185,689,992.14) (61,615,309.80)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY 10,927,865.30 (185,688,992.14) (61,614,309.80)
------------------- ------------------- -------------------
MINORITY INTEREST 0.00 0.00 0.00
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,386,266.99 $1,886,722.39 $36,188,507.50
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL AEP TEXAS CENTRAL
DESCRIPTION COMPANY SEC REPORTING COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $2,425,038,000.00 ($2,206,275,866.07) $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (695,358,935.97) 1,492,248,937.00 0.00
--------------------- --------------------- ---------------------
ELECTRIC UTILITY PLANT - NET 1,729,679,064.03 (714,026,929.07) 0.00
--------------------- --------------------- ---------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 1,302,074.99 0.00 0.00
INVESTMENT IN SUBSIDIARIES AND ASSOCIATES 0.00 0.00 (4,066,241.86)
OTHER INVESTMENTS 4,639,200.00 4,639,200.00 0.00
--------------------- --------------------- ---------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 5,941,274.99 4,639,200.00 (4,066,241.86)
--------------------- --------------------- ---------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 65,882,383.28 0.00 0.00
ADVANCES TO AFFILIATES 60,698,653.80 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 146,630,328.79 50,988,548.24 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 78,484,461.21 0.00 (14,801,842.28)
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 23,076,876.57 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 (50,988,548.24) 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (1,709,988.26) 0.00 0.00
FUEL INVENTORY 0.30 0.00 0.00
MATERIALS AND SUPPLIES 11,709,156.27 (35,244,199.00) 0.00
RISK MANAGEMENT ASSETS 22,050,547.90 0.00 0.00
MARGIN DEPOSITS 3,229,459.28 3,229,459.28 0.00
PREPAYMENTS 6,757,510.78 0.00 0.00
OTHER 12,075.00 (3,229,459.28) 0.00
--------------------- --------------------- ---------------------
TOTAL CURRENT ASSETS 416,821,464.92 (35,244,199.00) (14,801,842.28)
--------------------- --------------------- ---------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 1,922,455,792.59 (48,701,070.85) 0.00
FAS 109 DEFERRED FIT RECLASS (30,905,150.00) 0.00 0.00
CLEARING ACCOUNTS 9,162,796.15 0.00 0.00
UNAMORTIZED DEBT EXPENSE 40,355,271.70 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 (125,383,429.15) 0.00
TOTAL OTHER INVESTMENTS 689,399,160.00 (4,639,200.00) 0.00
LONG-TERM RISK MANAGEMENT ASSETS 7,627,391.95 0.00 0.00
OTHER DEFERRED DEBITS 6,035,972.18 0.00 (0.04)
--------------------- --------------------- ---------------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 2,644,131,234.58 (178,723,700.00) (0.04)
--------------------- --------------------- ---------------------
ASSETS HELD FOR SALE 1,028,134,000.00 1,028,134,000.00 0.00
--------------------- --------------------- ---------------------
TOTAL ASSETS $5,824,707,038.51 $104,778,371.93 ($18,868,084.18)
===================== ===================== =====================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $55,291,944.53 $0.00 $0.00
PREMIUM ON CAPITAL STOCK 0.00 (15,041.22) 0.00
PAID-IN CAPITAL 132,606,982.69 61,887,385.22 (3,986,675.00)
RETAINED EARNINGS 1,083,022,567.79 0.00 (79,566.86)
ACCUMULATED OTHER COMPREHENSIVE INCOME (61,872,344.00) (61,872,344.00) 0.00
--------------------- --------------------- ---------------------
COMMON SHAREHOLDERS' EQUITY 1,209,049,151.01 0.00 (4,066,241.86)
CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 5,940,300.00 0.00 0.00
LONG-TERM DEBT 2,053,974,012.58 0.00 0.00
--------------------- --------------------- ---------------------
TOTAL CAPITALIZATION 3,268,963,463.59 0.00 (4,066,241.86)
--------------------- --------------------- ---------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR 237,651,004.00 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 90,003,762.18 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 74,209,243.66 0.00 (14,801,842.32)
CUSTOMER DEPOSITS 1,517,146.16 0.00 0.00
TAXES ACCRUED 67,017,583.55 0.00 0.00
INTEREST ACCRUED 43,196,060.74 1,287,875.00 0.00
RISK MANAGEMENT LIABILITIES 17,888,265.90 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 406,834.52 0.00 0.00
DIVIDENDS DECLARED 40,195.58 0.00 0.00
OTHER 23,207,572.16 0.00 0.00
--------------------- --------------------- ---------------------
TOTAL CURRENT LIABILITIES 555,137,668.44 1,287,875.00 (14,801,842.32)
--------------------- --------------------- ---------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 1,506,888,537.00 0.00 0.00
DEFERRED FIT & SIT RECLASS (261,976,194.00) 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 2,659,930.24 0.00 0.00
ASSET REMOVAL COSTS 95,414,745.00 95,414,745.00 0.00
DEFERRED INVESTMENT TAX CREDITS 112,478,774.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 635,714.96 0.00 0.00
OVER-RECOVERY OF FUEL COST 69,026,079.99 (1,287,875.00) 0.00
OTHER REGULATORY LIABILTIES 102,506,263.58 0.00 0.00
UNAMORT GAIN ON REACQUIRED DEBT 5,258.50 0.00 0.00
CUSTOMER ADVANCES FOR CONSTRUCTION 2,065,500.00 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 82,597,000.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 54,682,880.65 (218,770,373.07) 0.00
OTHER DEFERRED CREDITS 5,487,416.56 0.00 0.00
--------------------- --------------------- ---------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,772,471,906.48 (124,643,503.07) 0.00
--------------------- --------------------- ---------------------
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 228,134,000.00 228,134,000.00 0.00
--------------------- --------------------- ---------------------
TOTAL CAPITALIZATION & LIABILITIES $5,824,707,038.51 $104,778,371.93 ($18,868,084.18)
===================== ===================== =====================
Item 10 - Consolidating Balance Sheets
AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
--------------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL
DESCRIPTION AEP TEXAS CENTRAL COMPANY
COMPANY SEC
--------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $4,631,313,866.07 $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,187,607,872.97) 0.00
--------------------- ---------------------
ELECTRIC UTILITY PLANT - NET 2,443,705,993.10 0.00
--------------------- ---------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 1,302,074.99 0.00
INVESTMENT IN SUBSIDIARIES AND ASSOCIATES 4,066,241.86 0.00
OTHER INVESTMENTS 0.00 0.00
--------------------- ---------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 5,368,316.85 0.00
--------------------- ---------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 5,693,508.30 60,188,874.98
ADVANCES TO AFFILIATES 60,698,653.80 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 95,641,780.55 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 78,542,599.71 14,743,703.78
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 23,076,876.57 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 50,988,548.24 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (1,709,988.26) 0.00
FUEL INVENTORY 0.30 0.00
MATERIALS AND SUPPLIES 46,953,355.27 0.00
RISK MANAGEMENT ASSETS 22,050,547.90 0.00
MARGIN DEPOSITS 0.00 0.00
PREPAYMENTS 6,755,684.03 1,826.75
OTHER 3,241,534.28 0.00
--------------------- ---------------------
TOTAL CURRENT ASSETS 391,933,100.69 74,934,405.51
--------------------- ---------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 1,971,156,863.44 0.00
FAS 109 DEFERRED FIT RECLASS (30,905,150.00) 0.00
CLEARING ACCOUNTS 9,162,796.15 0.00
UNAMORTIZED DEBT EXPENSE 13,344,803.70 27,010,468.00
TOTAL OTHER SPECIAL FUNDS 125,383,429.15 0.00
TOTAL OTHER INVESTMENTS 4,639,234.00 689,399,126.00
LONG-TERM RISK MANAGEMENT ASSETS 7,627,391.95 0.00
OTHER DEFERRED DEBITS 6,035,972.22 0.00
--------------------- ---------------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 2,106,445,340.62 716,409,594.00
--------------------- ---------------------
ASSETS HELD FOR SALE 0.00 0.00
--------------------- ---------------------
TOTAL ASSETS $4,947,452,751.25 $791,343,999.51
===================== =====================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $55,291,944.53 $0.00
PREMIUM ON CAPITAL STOCK 15,041.22 0.00
PAID-IN CAPITAL 70,719,597.47 3,986,675.00
RETAINED EARNINGS 1,083,022,567.79 79,566.86
ACCUMULATED OTHER COMPREHENSIVE INCOME 0.00 0.00
--------------------- ---------------------
COMMON SHAREHOLDERS' EQUITY 1,209,049,151.01 4,066,241.86
CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 5,940,300.00 0.00
LONG-TERM DEBT 1,356,845,147.58 697,128,865.00
--------------------- ---------------------
TOTAL CAPITALIZATION 2,571,834,598.59 701,195,106.86
--------------------- ---------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR 189,100,000.00 48,551,004.00
ACCOUNTS PAYABLE - GENERAL 90,003,762.18 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 88,952,947.48 58,138.50
CUSTOMER DEPOSITS 1,517,146.16 0.00
TAXES ACCRUED 67,017,583.55 0.00
INTEREST ACCRUED 22,867,463.46 19,040,722.28
RISK MANAGEMENT LIABILITIES 17,888,265.90 0.00
OBLIGATIONS UNDER CAPITAL LEASES 406,834.52 0.00
DIVIDENDS DECLARED 40,195.58 0.00
OTHER 23,207,572.16 0.00
--------------------- ---------------------
TOTAL CURRENT LIABILITIES 501,001,770.98 67,649,864.78
--------------------- ---------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 1,506,888,537.00 0.00
DEFERRED FIT & SIT RECLASS (261,976,194.00) 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 2,659,930.24 0.00
ASSET REMOVAL COSTS 0.00 0.00
DEFERRED INVESTMENT TAX CREDITS 112,478,774.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 635,714.96 0.00
OVER-RECOVERY OF FUEL COST 70,313,954.99 0.00
OTHER REGULATORY LIABILTIES 80,007,235.71 22,499,027.87
UNAMORT GAIN ON REACQUIRED DEBT 5,258.50 0.00
CUSTOMER ADVANCES FOR CONSTRUCTION 2,065,500.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 82,597,000.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 273,453,253.72 0.00
OTHER DEFERRED CREDITS 5,487,416.56 0.00
--------------------- ---------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,874,616,381.68 22,499,027.87
--------------------- ---------------------
LIABILITIES HELD FOR SALE - TEXAS GENERATION PLANTS 0.00 0.00
--------------------- ---------------------
TOTAL CAPITALIZATION & LIABILITIES $4,947,452,751.25 $791,343,999.51
===================== =====================
Item 10 - Consolidating Balance Sheets
APPALACHIAN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
APPALACHIAN POWER APPALACHIAN POWER
DESCRIPTION COMPANY SEC REPORTING COMPANY APPALACHIAN POWER
CONSOLIDATED ADJUSTMENTS ELIMINATIONS COMPANY
------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $6,140,930,644.39 $0.00 $0.00 $6,140,930,644.39
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,321,359,209.92) 92,497,334.00 0.00 (2,413,856,543.92)
------------------ ----------------- ---------------- ------------------
ELECTRIC UTILITY PLANT - NET 3,819,571,434.47 92,497,334.00 0.00 3,727,074,100.47
------------------ ----------------- ---------------- ------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 20,574,430.78 0.00 0.00 20,481,580.78
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 603,868.00 0.00 (17,600,574.94) 18,204,442.94
OTHER INVESTMENTS 26,064,029.59 0.00 0.00 23,078,230.59
------------------ ----------------- ---------------- ------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 47,242,328.37 0.00 (17,600,574.94) 61,764,254.31
------------------ ----------------- ---------------- ------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 45,880,666.27 0.00 0.00 45,880,666.27
ADVANCES TO AFFILIATES 0.00 (23,453,681.22) 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 133,716,961.09 16,033,933.67 0.00 117,683,027.42
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 137,281,246.61 0.00 (5,073,517.21) 141,104,655.71
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 35,020,281.49 0.00 0.00 35,020,281.49
ACCOUNTS RECEIVABLE - MISCELLANEOUS 3,961,188.95 (16,033,933.67) 0.00 17,036,971.62
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,085,327.62) 0.00 0.00 (2,085,327.62)
FUEL INVENTORY 42,806,440.47 0.00 0.00 42,806,440.47
MATERIALS AND SUPPLIES 71,977,745.12 0.00 0.00 71,977,745.12
RISK MANAGEMENT ASSETS 71,189,275.85 0.00 0.00 71,189,275.85
MARGIN DEPOSITS 11,524,954.90 11,524,954.90 0.00 0.00
PREPAYMENTS 6,782,863.88 0.00 0.00 6,782,863.88
OTHER CURRENT ASSETS 6,517,480.00 (11,524,954.90) 0.00 17,962,388.90
------------------ ----------------- ---------------- ------------------
TOTAL CURRENT ASSETS 564,573,777.02 (23,453,681.22) (5,073,517.21) 565,358,989.12
------------------ ----------------- ---------------- ------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 446,327,739.76 0.00 0.00 446,327,739.76
FAS 109 DEFERRED FIT RECLASS (29,131,302.00) 0.00 0.00 (29,131,302.00)
LONG-TERM RISK MANAGEMENT ASSETS 70,899,438.64 0.00 0.00 70,899,438.64
CLEARING ACCOUNTS 158,833.16 0.00 0.00 158,833.16
UNAMORTIZED DEBT EXPENSE 7,721,257.00 0.00 0.00 7,721,257.00
OTHER DEFERRED CHARGES 49,647,884.72 0.00 (0.03) 49,647,884.75
------------------ ----------------- ---------------- ------------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 545,623,851.29 0.00 (0.03) 545,623,851.31
------------------ ----------------- ---------------- ------------------
TOTAL ASSETS $4,977,011,391.15 $69,043,652.78 ($22,674,092.18) $4,899,821,195.21
================== ================= ================ ==================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $260,457,768.00 $0.00 ($209,950.00) $260,457,768.00
PREMIUM ON CAPITAL STOCK 0.00 (762,543.38) (8,900,000.01) 762,543.38
PAID-IN CAPITAL 719,899,208.64 52,850,234.02 (5,318,393.00) 668,548,415.62
RETAINED EARNINGS 408,718,478.89 0.00 (3,172,231.96) 408,718,478.87
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (52,087,690.64) (52,087,690.64) 0.00 0.00
------------------ ----------------- ---------------- ------------------
COMMON SHAREHOLDER'S EQUITY 1,336,987,764.89 0.00 (17,600,574.97) 1,338,487,205.87
CUMULATIVE PREFERRED STOCK
NOT SUBJECT TO MANDATORY REDEMPTION 17,783,900.00 0.00 0.00 17,783,900.00
LIABILITY FOR CUMULATIVE PREFERRED STOCK
SUBJECT TO MANDATORY REDEMPTION 5,360,000.00 5,360,000.00 0.00 0.00
LONG-TERM DEBT 1,703,072,765.43 (5,360,000.00) 0.00 1,708,432,765.43
------------------ ----------------- ---------------- ------------------
TOTAL CAPITALIZATION 3,063,204,430.32 0.00 (17,600,574.97) 3,064,703,871.30
------------------ ----------------- ---------------- ------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR 161,008,387.76 0.00 0.00 161,008,387.76
ADVANCES FROM AFFILIATES 82,994,492.48 (23,453,681.22) 0.00 106,448,173.70
ACCOUNTS PAYABLE - GENERAL 140,497,345.72 0.00 0.00 140,497,345.72
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 81,812,226.37 0.00 (5,073,517.21) 81,973,069.72
CUSTOMER DEPOSITS 33,929,606.82 0.00 0.00 33,929,606.82
TAXES ACCRUED 50,258,565.75 0.00 0.00 50,120,834.75
INTEREST ACCRUED 22,112,796.08 0.00 0.00 22,112,796.08
RISK MANAGEMENT LIABILITIES 51,429,954.00 0.00 0.00 51,429,954.00
OBLIGATIONS UNDER CAPITAL LEASES 9,217,759.36 0.00 0.00 9,217,759.36
DIVIDENDS DECLARED 186,190.92 0.00 0.00 186,190.92
OTHER 60,102,649.59 0.00 0.00 58,753,448.90
------------------ ----------------- ---------------- ------------------
TOTAL CURRENT LIABILITIES 693,549,974.85 (23,453,681.22) (5,073,517.21) 715,677,567.73
------------------ ----------------- ---------------- ------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 1,008,854,037.88 0.00 0.00 1,007,387,625.88
DEFERRED FIT & SIT RECLASS (205,498,809.48) 0.00 0.00 (193,911,621.48)
ASSET REMOVAL COSTS 92,497,334.00 92,497,334.00 0.00 0.00
DEFERRED INVESTMENT TAX CREDITS 30,544,863.00 0.00 0.00 30,544,863.00
OVER-RECOVERY OF FUEL COST 68,704,458.11 0.00 0.00 68,704,458.11
UNREALIZED GAIN ON FORWARD COMMITMENTS 17,282,832.10 0.00 0.00 17,282,832.10
UNAMORTIZED GAIN ON REACQUIRED DEBT 43,054.00 0.00 0.00 43,054.00
LONG-TERM RISK MANAGEMENT LIABILITIES 54,326,567.66 0.00 0.00 54,326,567.66
OBLIGATIONS UNDER CAP LEASE 16,134,017.39 0.00 0.00 16,134,017.39
ASSET RETIREMENT OBLIGATIONS 21,776,104.85 21,776,104.85 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 102,462,814.22 (21,776,104.85) 0.00 105,953,247.28
DEFERRED GAINS ON SALE/LEASEBACK 88,288.00 0.00 0.00 88,288.00
OTHER DEFERRED CREDITS 13,041,424.25 0.00 0.00 12,886,424.25
------------------ ----------------- ---------------- ------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,220,256,985.97 92,497,334.00 0.00 1,119,439,756.18
------------------ ----------------- ---------------- ------------------
TOTAL CAPITALIZATION AND LIABILITIES $4,977,011,391.15 $69,043,652.78 ($22,674,092.18) $4,899,821,195.21
================== ================= ================ ==================
Item 10 - Consolidating Balance Sheets
APPALACHIAN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------
CENTRAL SOUTHERN
DESCRIPTION APPALACHIAN APPALACHIAN CEDAR COAL
COAL COMPANY COAL COMPANY COMPANY
----------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $0.00 $0.00 $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION 0.00 0.00 0.00
----------------- ----------------- ----------------
ELECTRIC UTILITY PLANT - NET 0.00 0.00 0.00
----------------- ----------------- ----------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 0.00 92,850.00 0.00
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 0.00 0.00 0.00
OTHER INVESTMENTS 113,467.00 1,436,169.00 1,436,163.00
----------------- ----------------- ----------------
TOTAL OTHER PROPERTY AND INVESTMENTS 113,467.00 1,529,019.00 1,436,163.00
----------------- ----------------- ----------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 0.00 0.00 0.00
ADVANCES TO AFFILIATES 1,755,084.92 7,813,474.51 13,885,121.79
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 237,736.71 0.00 1,012,371.40
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 92,416.00 1,695,943.00 1,169,792.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00
FUEL INVENTORY 0.00 0.00 0.00
MATERIALS AND SUPPLIES 0.00 0.00 0.00
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 0.00 0.00 0.00
OTHER CURRENT ASSETS 0.00 0.00 80,046.00
----------------- ----------------- ----------------
TOTAL CURRENT ASSETS 2,085,237.63 9,509,417.51 16,147,331.19
----------------- ----------------- ----------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
OTHER DEFERRED CHARGES 0.00 0.00 0.00
----------------- ----------------- ----------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 0.00 0.00 0.00
----------------- ----------------- ----------------
TOTAL ASSETS $2,198,704.63 $11,038,436.51 $17,583,494.19
================= ================= ================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $3,000.00 $6,950.00 $200,000.00
PREMIUM ON CAPITAL STOCK 0.00 8,900,000.01 0.00
PAID-IN CAPITAL 449,990.00 0.00 3,368,962.00
RETAINED EARNINGS 428,746.01 1,864,897.01 878,588.96
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
----------------- ----------------- ----------------
COMMON SHAREHOLDER'S EQUITY 881,736.01 10,771,847.02 4,447,550.96
CUMULATIVE PREFERRED STOCK
NOT SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
LIABILITY FOR CUMULATIVE PREFERRED STOCK
SUBJECT TO MANDATORY REDEMPTION 0.00 0.00 0.00
LONG-TERM DEBT 0.00 0.00 0.00
----------------- ----------------- ----------------
TOTAL CAPITALIZATION 881,736.01 10,771,847.02 4,447,550.96
----------------- ----------------- ----------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR 0.00 0.00 0.00
ADVANCES FROM AFFILIATES 0.00 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 0.00 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 142,659.62 207,074.49 4,562,939.75
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 83,222.00 (80,038.00) 134,547.00
INTEREST ACCRUED 0.00 0.00 0.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 569,903.00 132,978.00 646,319.69
----------------- ----------------- ----------------
TOTAL CURRENT LIABILITIES 795,784.62 260,014.49 5,343,806.44
----------------- ----------------- ----------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 58,100.00 171,463.00 1,236,849.00
DEFERRED FIT & SIT RECLASS (1,026,296.00) (773,424.00) (9,787,468.00)
ASSET REMOVAL COSTS 0.00 0.00 0.00
DEFERRED INVESTMENT TAX CREDITS 0.00 0.00 0.00
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
UNREALIZED GAIN ON FORWARD COMMITMENTS 0.00 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 1,489,380.00 453,536.00 16,342,755.79
DEFERRED GAINS ON SALE/LEASEBACK 0.00 0.00 0.00
OTHER DEFERRED CREDITS 0.00 155,000.00 0.00
----------------- ----------------- ----------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 521,184.00 6,575.00 7,792,136.79
----------------- ----------------- ----------------
TOTAL CAPITALIZATION AND LIABILITIES $2,198,704.63 $11,038,436.51 $17,583,494.19
================= ================= ================
Item 10 - Consolidating Balance Sheets
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
COLUMBUS SOUTHERN COLUMBUS SOUTHERN
DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY COLUMBUS SOUTHERN
CONSOLIDATED ADJUSTMENTS ELIMINATIONS POWER COMPANY
------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $3,570,443,772.21 $0.00 $0.00 $3,557,784,306.94
ACCUMULATED DEPRECIATION AND AMORTIZATION (1,389,586,507.63) 99,118,885.00 0.00 (1,485,433,455.31)
------------------ ------------------ ----------------- ------------------
ELECTRIC UTILITY PLANT - NET 2,180,857,264.58 99,118,885.00 0.00 2,072,350,851.63
------------------ ------------------ ----------------- ------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 22,417,574.08 0.00 0.00 21,793,822.70
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 430,000.00 0.00 (9,603,038.46) 10,033,038.46
OTHER INVESTMENTS 8,232,793.95 0.00 0.00 8,140,857.95
------------------ ------------------ ----------------- ------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 31,080,368.03 0.00 (9,603,038.46) 39,967,719.11
------------------ ------------------ ----------------- ------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 4,142,432.16 0.00 0.00 4,140,432.16
ADVANCES TO AFFILIATES, NET 0.00 (2,376,280.91) 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 47,098,947.82 12,959,165.57 0.00 34,135,691.82
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 68,168,358.88 0.00 (221,595.17) 68,167,673.55
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 23,722,456.95 0.00 0.00 23,722,456.95
ACCOUNTS RECEIVABLE - MISCELLANEOUS 5,256,826.22 (12,959,165.57) 0.00 18,194,150.08
ACCOUNTS RECEIVABLE - ALLOWANCE FOR
UNCOLLECTIBLE ACCOUNTS (531,483.10) 0.00 0.00 (531,483.10)
FUEL INVENTORY 14,364,800.66 0.00 0.00 14,364,800.66
MATERIALS AND SUPPLIES 44,376,806.74 0.00 0.00 43,062,755.57
RISK MANAGEMENT ASSETS 40,095,004.24 0.00 0.00 40,095,004.24
MARGIN DEPOSITS 6,636,268.45 6,636,268.45 0.00 0.00
PREPAYMENTS 8,341,261.47 0.00 0.00 8,341,131.47
OTHER CURRENT ASSETS 4,102,393.00 (6,636,268.45) 0.00 10,710,143.45
------------------ ------------------ ----------------- ------------------
TOTAL CURRENT ASSETS 265,774,073.48 (2,376,280.91) (221,595.17) 264,402,756.85
------------------ ------------------ ----------------- ------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 255,480,401.79 0.00 0.00 255,480,401.79
FAS 109 DEFERRED FIT RECLASS (12,296,669.00) 0.00 0.00 (12,296,669.00)
LONG-TERM RISK MANAGEMENT ASSETS 39,932,076.92 0.00 0.00 39,932,076.92
CLEARING ACCOUNTS 57.87 0.00 0.00 57.87
UNAMORTIZED DEBT EXPENSE 5,986,961.53 0.00 0.00 5,986,961.53
OTHER DEFERRED DEBITS 71,551,108.63 0.00 0.01 71,428,726.46
------------------ ------------------ ----------------- ------------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 360,653,937.74 0.00 0.01 77,415,745.86
------------------ ------------------ ----------------- ------------------
TOTAL ASSETS $2,838,365,643.83 $96,742,604.09 ($9,824,633.61) $2,737,252,883.16
================== ================== ================= ==================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $41,026,065.00 $0.00 ($1,609,000.00) $41,026,065.00
PREMIUM ON CAPITAL STOCK 0.00 (257,892,417.79) (30,000.00) 257,892,417.79
PAID-IN CAPITAL 576,399,735.58 304,219,836.79 (668,589.30) 272,245,567.79
RETAINED EARNINGS 326,781,977.65 0.00 (4,473,147.15) 326,781,977.38
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (46,327,419.00) (46,327,419.00) 0.00 0.00
------------------ ------------------ ----------------- ------------------
COMMON SHAREHOLDER'S EQUITY 897,880,359.23 0.00 (6,780,736.45) 897,946,027.96
LONG-TERM DEBT 886,564,409.59 0.00 (2,822,302.00) 886,564,409.59
------------------ ------------------ ----------------- ------------------
TOTAL CAPITALIZATION 1,784,444,768.82 0.00 (9,603,038.45) 1,784,510,437.55
------------------ ------------------ ----------------- ------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 11,000,000.00 0.00 0.00 11,000,000.00
ADVANCES FROM AFFILIATES, NET 6,516,507.98 (2,376,280.91) 0.00 7,913,350.83
ACCOUNTS PAYABLE - GENERAL 58,219,859.77 0.00 0.00 57,992,150.33
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 53,571,895.14 0.00 (221,595.17) 53,603,514.24
CUSTOMER DEPOSITS 19,727,363.58 0.00 0.00 19,727,363.58
TAXES ACCRUED 132,853,280.48 0.00 0.00 132,574,795.91
INTEREST ACCRUED 16,528,117.07 0.00 0.00 16,477,117.07
RISK MANAGEMENT LIABILITIES 28,966,379.38 0.00 0.00 28,966,379.38
OBLIGATIONS UNDER CAPITAL LEASES 4,220,839.94 0.00 0.00 4,220,839.94
DIVIDENDS DECLARED (0.00) 0.00 0.00 (0.00)
OTHER 25,364,137.62 0.00 0.00 25,006,558.27
------------------ ------------------ ----------------- ------------------
TOTAL CURRENT LIABILITIES 356,968,380.96 (2,376,280.91) (221,595.17) 357,482,069.55
------------------ ------------------ ----------------- ------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 546,259,293.00 0.00 0.00 545,238,093.00
DEFERRED FIT & SIT RECLASS (87,760,993.00) 0.00 0.00 (86,118,764.00)
ASSET REMOVAL COSTS 99,118,885.00 99,118,885.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 41,689,669.16 (8,739,918.67) 0.00 47,314,088.84
DEFERRED INVESTMENT TAX CREDITS 30,796,639.00 0.00 0.00 30,789,093.00
LONG-TERM RISK MANAGEMENT LIABILITIES 30,597,885.62 0.00 0.00 30,597,885.62
CUSTOMER ADVANCES FOR CONSTRUCTION 250,000.00 0.00 0.00 250,000.00
OBLIGATIONS UNDER CAPITAL LEASES 11,396,660.35 0.00 0.00 11,396,660.35
ASSET RETIREMENT OBLIGATIONS 8,739,918.67 8,739,918.67 0.00 0.00
OTHER DEFERRED CREDITS 15,864,536.26 0.00 0.00 15,793,319.26
------------------ ------------------ ----------------- ------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 696,952,494.06 99,118,885.00 0.00 595,260,376.07
------------------ ------------------ ----------------- ------------------
TOTAL CAPITALIZATION AND LIABILITIES $2,838,365,643.83 $96,742,604.09 ($9,824,633.61) $2,737,252,883.16
================== ================== ================= ==================
Item 10 - Consolidating Balance Sheets
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------
CONESVILLE COAL
DESCRIPTION SIMCO COLOMET PREPARATION
INCORPORATED INCORPORATED COMPANY
-------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $1,821,376.18 $9,078,866.95 $1,759,222.15
ACCUMULATED DEPRECIATION AND AMORTIZATION (1,636,239.29) (206,922.12) (1,428,775.91)
------------------ ------------------ -----------------
ELECTRIC UTILITY PLANT - NET 185,136.89 8,871,944.83 330,446.24
------------------ ------------------ -----------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 0.00 623,751.38 0.00
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 0.00 0.00 0.00
OTHER INVESTMENTS 0.00 0.00 91,936.00
------------------ ------------------ -----------------
TOTAL OTHER PROPERTY AND INVESTMENTS 0.00 623,751.38 91,936.00
------------------ ------------------ -----------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 0.00 0.00 2,000.00
ADVANCES TO AFFILIATES, NET 333,003.98 0.00 2,043,276.93
ACCOUNTS RECEIVABLE - CUSTOMERS 0.00 0.00 4,090.43
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 14,300.00 343.68 207,636.81
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 0.00 2,260.00 19,581.71
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00
FUEL INVENTORY 0.00 0.00 0.00
MATERIALS AND SUPPLIES 0.00 0.00 1,314,051.17
RISK MANAGEMENT ASSETS 0.00 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 0.00 0.00 130.00
OTHER CURRENT ASSETS 0.00 0.00 28,518.00
------------------ ------------------ -----------------
TOTAL CURRENT ASSETS 347,303.98 2,603.68 3,619,285.05
------------------ ------------------ -----------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 0.00 0.00 0.00
FAS 109 DEFERRED FIT RECLASS 0.00 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 0.00 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
OTHER DEFERRED DEBITS 0.00 122,382.16 (0.00)
------------------ ------------------ -----------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 0.00 122,382.16 (0.00)
------------------ ------------------ -----------------
TOTAL ASSETS $532,440.87 $9,620,682.04 $4,041,667.28
================== ================== =================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $9,000.00 $1,500,000.00 $100,000.00
PREMIUM ON CAPITAL STOCK 0.00 30,000.00 0.00
PAID-IN CAPITAL 268,589.30 0.00 334,331.00
RETAINED EARNINGS 220,020.95 3,013,143.48 1,239,982.99
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
------------------ ------------------ -----------------
COMMON SHAREHOLDER'S EQUITY 497,610.25 4,543,143.48 1,674,313.99
LONG-TERM DEBT 0.00 2,822,302.00 0.00
------------------ ------------------ -----------------
TOTAL CAPITALIZATION 497,610.25 7,365,445.48 1,674,313.99
------------------ ------------------ -----------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 0.00 0.00 0.00
ADVANCES FROM AFFILIATES, NET 0.00 979,438.06 0.00
ACCOUNTS PAYABLE - GENERAL 0.00 0.00 227,709.44
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 0.00 319.51 189,656.55
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 11,061.62 213,353.00 54,069.95
INTEREST ACCRUED 0.00 0.00 51,000.00
RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OTHER 0.00 0.00 357,579.35
------------------ ------------------ -----------------
TOTAL CURRENT LIABILITIES 11,061.62 1,193,110.57 880,015.30
------------------ ------------------ -----------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 71,385.00 990,909.00 (41,094.00)
DEFERRED FIT & SIT RECLASS (55,162.00) 0.00 (1,587,067.00)
ASSET REMOVAL COSTS 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 0.00 3,115,498.99
DEFERRED INVESTMENT TAX CREDITS 7,546.00 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 0.00 0.00 0.00
CUSTOMER ADVANCES FOR CONSTRUCTION 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 0.00 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
OTHER DEFERRED CREDITS 0.00 71,217.00 0.00
------------------ ------------------ -----------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 23,769.00 1,062,126.00 1,487,337.99
------------------ ------------------ -----------------
TOTAL CAPITALIZATION AND LIABILITIES $532,440.87 $9,620,682.04 $4,041,667.28
================== ================== =================
Item 10 - Consolidating Balance Sheets
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------------
INDIANA MICHIGAN INDIANA MICHIGAN
DESCRIPTION POWER COMPANY SEC REPORTING POWER COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $5,306,182,181.52 $0.00 $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,490,912,459.57) 263,014,780.00 0.00
------------------- ------------------- -------------------
NET ELECTRIC UTILITY PLANT 2,815,269,721.95 263,014,780.00 0.00
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 982,394,078.70 0.00 0.00
NON-UTILITY PROPERTY, NET 52,302,710.78 0.00 0.00
INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 0.00 0.00 (43,774,895.50)
TOTAL OTHER INVESTMENTS 43,796,994.81 0.00 0.00
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 1,078,493,784.29 0.00 (43,774,895.50)
------------------- ------------------- -------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 3,913,780.56 0.00 0.00
ADVANCES TO AFFILIATES 0.00 (15,322,775.15) 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 61,083,821.63 8,153,247.25 0.00
ACCOUNTS RECEIVABLE- AFFILIATED COMPANIES 124,826,019.97 0.00 (897,402.14)
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 2,000,068.39 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 4,498,304.57 (8,153,247.25) 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (531,487.62) 0.00 0.00
FUEL 33,967,999.70 0.00 0.00
MATERIALS AND SUPPLIES 105,328,541.58 0.00 0.00
RISK MANAGEMENT ASSETS 44,071,259.67 0.00 0.00
MARGIN DEPOSITS 7,245,494.99 7,245,494.99 0.00
PREPAYMENTS 5,731,502.81 0.00 0.00
OTHER 4,941,140.00 (7,245,494.99) 0.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 397,076,446.26 (15,322,775.15) (897,402.14)
------------------- ------------------- -------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 349,254,126.72 0.00 0.00
FAS 109 DEFERRED FIT RECLASS (72,977,329.00) 0.00 0.00
LONG-TERM ENERGY TRADING CONTRACTS 43,768,348.63 0.00 0.00
UNAMORTIZED DEBT EXPENSE 11,981,425.14 0.00 0.00
OTHER DEFERRED DEBITS 36,204,045.08 0.00 (0.02)
------------------- ------------------- -------------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 368,230,616.57 0.00 (0.02)
------------------- ------------------- -------------------
TOTAL ASSETS $4,659,070,569.06 $247,692,004.85 ($44,672,297.66)
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $56,583,866.43 $0.00 ($39,548,275.00)
PREMIUM ON CAPITAL STOCK 0.00 (4,318,031.53) 0.00
PAID-IN CAPITAL 858,694,392.60 29,423,914.53 (1,303,000.00)
RETAINED EARNINGS 187,875,312.84 0.00 (2,923,620.52)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (25,105,883.00) (25,105,883.00) 0.00
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY 1,078,047,688.86 0.00 (43,774,895.52)
CUMULATIVE PREFERRED STOCK - NOT SUBJECT TO MANDATORY REDEMPTION 8,101,100.00 0.00 0.00
LIABILITY FOR CUMULATIVE PREFERRED STOCK - SUBJECT
TO MANDATORY REDEMPTION 63,445,000.00 63,445,000.00 0.00
LONG-TERM DEBT 1,134,358,851.38 (63,445,000.00) 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION 2,283,952,640.25 0.00 (43,774,895.52)
------------------- ------------------- -------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR 205,000,000.00 0.00 0.00
ADVANCES FROM AFFILIATES 98,821,518.88 (15,322,775.15) 0.00
ACCOUNTS PAYABLE - GENERAL 101,776,021.61 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 47,483,810.79 0.00 (897,402.14)
CUSTOMER DEPOSITS 21,954,513.91 0.00 0.00
TAXES ACCRUED 42,189,106.92 0.00 0.00
INTEREST ACCRUED 17,962,933.11 0.00 0.00
RISK MANAGEMENT LIABILITIES 31,898,490.87 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 6,527,938.79 0.00 0.00
DIVIDENDS DECLARED 1,089,389.03 0.00 0.00
OTHER 56,586,413.96 0.00 0.00
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 631,290,137.87 (15,322,775.15) (897,402.14)
------------------- ------------------- -------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 940,358,147.00 0.00 0.00
DEFERRED FIT & SIT RECLASS (602,982,549.00) 0.00 0.00
ASSET REMOVAL COSTS 263,014,780.00 263,014,780.00 0.00
DEFERRED INVESTMENT TAX CREDITS 90,278,100.00 0.00 0.00
OTHER REGULATORY LIABILTIES 276,948,842.49 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 31,315,130.69 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 553,219,318.01 553,219,318.01 0.00
NUCLEAR DECOMMSSIONING 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 55,783,588.26 (553,219,318.01) 0.00
UNAMORTIZED GAIN REACQUIRED DEBT 34,223.72 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 33,537,420.82 0.00 0.00
CUSTOMER ADVANCES FOR CONSTRUCTION 4,263,378.85 0.00 0.00
DEFERRED GAINS ON SALE/LEASEBACK 70,178,525.01 0.00 0.00
OTHER DEFERRED CREDITS 27,878,885.11 0.00 0.00
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,743,827,790.95 263,014,780.00 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES $4,659,070,569.07 $247,692,004.85 ($44,672,297.66)
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION INDIANA MICHIGAN PRICE RIVER BLACKHAWK
POWER COMPANY COAL COMPANY COAL COMPANY
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $5,306,182,181.52 $0.00 $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,753,927,239.57) 0.00 0.00
------------------- ------------------- -------------------
NET ELECTRIC UTILITY PLANT 2,552,254,941.95 0.00 0.00
------------------- ------------------- -------------------
OTHER PROPERTY AND INVESTMENTS
NUCLEAR DECOMMISSIONING AND SPENT NUCLEAR FUEL DISPOSAL TRUST FUNDS 982,394,078.70 0.00 0.00
NON-UTILITY PROPERTY, NET 37,302,710.78 0.00 15,000,000.00
INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 43,774,895.50 0.00 0.00
TOTAL OTHER INVESTMENTS 40,451,246.81 0.00 3,345,748.00
------------------- ------------------- -------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 1,103,922,931.79 0.00 18,345,748.00
------------------- ------------------- -------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 3,913,780.56 0.00 0.00
ADVANCES TO AFFILIATES 0.00 0.00 15,322,775.15
ACCOUNTS RECEIVABLE - CUSTOMERS 52,930,574.38 0.00 0.00
ACCOUNTS RECEIVABLE- AFFILIATED COMPANIES 125,618,607.28 27,275.00 77,539.83
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 2,000,068.39 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 9,552,654.69 0.00 3,098,897.13
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (531,487.62) 0.00 0.00
FUEL 33,966,439.65 0.00 1,560.05
MATERIALS AND SUPPLIES 105,328,541.58 0.00 0.00
RISK MANAGEMENT ASSETS 44,071,259.67 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 5,731,502.81 0.00 0.00
OTHER 12,177,434.99 0.00 9,200.00
------------------- ------------------- -------------------
TOTAL CURRENT ASSETS 394,759,376.39 27,275.00 18,509,972.16
------------------- ------------------- -------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 349,254,126.72 0.00 0.00
FAS 109 DEFERRED FIT RECLASS (72,977,329.00) 0.00 0.00
LONG-TERM ENERGY TRADING CONTRACTS 43,768,348.63 0.00 0.00
UNAMORTIZED DEBT EXPENSE 11,981,425.14 0.00 0.00
OTHER DEFERRED DEBITS 36,204,045.09 0.00 0.00
------------------- ------------------- -------------------
TOTAL DEFERRED DEBITS AND OTHER ASSETS 368,230,616.58 0.00 0.00
------------------- ------------------- -------------------
TOTAL ASSETS $4,419,167,866.71 $27,275.00 $36,855,720.16
=================== =================== ===================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $56,583,866.43 $27,275.00 $39,521,000.00
PREMIUM ON CAPITAL STOCK 4,318,031.53 0.00 0.00
PAID-IN CAPITAL 829,429,120.07 0.00 1,144,358.00
RETAINED EARNINGS 187,875,312.81 0.00 2,923,620.54
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
------------------- ------------------- -------------------
COMMON SHAREHOLDER'S EQUITY 1,078,206,330.83 27,275.00 43,588,978.54
CUMULATIVE PREFERRED STOCK - NOT SUBJECT TO MANDATORY REDEMPTION 8,101,100.00 0.00 0.00
LIABILITY FOR CUMULATIVE PREFERRED STOCK - SUBJECT
TO MANDATORY REDEMPTION 0.00 0.00 0.00
LONG-TERM DEBT 1,197,803,851.38 0.00 0.00
------------------- ------------------- -------------------
TOTAL CAPITALIZATION 2,284,111,282.22 27,275.00 43,588,978.54
------------------- ------------------- -------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR 205,000,000.00 0.00 0.00
ADVANCES FROM AFFILIATES 114,144,294.03 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 101,776,021.61 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 47,465,121.87 0.00 916,091.06
CUSTOMER DEPOSITS 21,954,513.91 0.00 0.00
TAXES ACCRUED 40,932,133.92 0.00 1,256,973.00
INTEREST ACCRUED 17,962,933.11 0.00 0.00
RISK MANAGEMENT LIABILITIES 31,898,490.87 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 6,527,938.79 0.00 0.00
DIVIDENDS DECLARED 1,089,389.03 0.00 0.00
OTHER 56,547,992.50 0.00 38,421.46
------------------- ------------------- -------------------
TOTAL CURRENT LIABILITIES 645,298,829.65 0.00 2,211,485.52
------------------- ------------------- -------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 938,420,807.00 0.00 1,937,340.00
DEFERRED FIT & SIT RECLASS (590,759,292.00) 0.00 (12,223,257.00)
ASSET REMOVAL COSTS 0.00 0.00 0.00
DEFERRED INVESTMENT TAX CREDITS 90,278,100.00 0.00 0.00
OTHER REGULATORY LIABILTIES 276,948,842.49 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 31,315,130.69 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
NUCLEAR DECOMMSSIONING 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 607,815,069.17 0.00 1,187,837.10
UNAMORTIZED GAIN REACQUIRED DEBT 34,223.72 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 33,537,420.82 0.00 0.00
CUSTOMER ADVANCES FOR CONSTRUCTION 4,263,378.85 0.00 0.00
DEFERRED GAINS ON SALE/LEASEBACK 70,178,525.01 0.00 0.00
OTHER DEFERRED CREDITS 27,725,549.11 0.00 153,336.00
------------------- ------------------- -------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 1,489,757,754.85 0.00 (8,944,743.90)
------------------- ------------------- -------------------
TOTAL CAPITALIZATION AND LIABILITIES $4,419,167,866.71 $27,275.00 $36,855,720.16
=================== =================== ===================
Item 10 - Consolidating Balance Sheets
OHIO POWER COMPANY CONSOLIDATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------
OHIO POWER OHIO POWER
DESCRIPTION COMPANY SEC REPORTING COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
-----------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $6,531,314,842.29 $0.00 $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,485,946,974.37) 101,159,548.00 0.00
------------------ ------------------ -----------------
ELECTRIC UTILITY PLANT - NET 4,045,367,867.92 101,159,548.00 0.00
------------------ ------------------ -----------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 29,290,897.77 0.00 0.00
INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 646,814.00 0.00 0.00
TOTAL OTHER INVESTMENTS 23,617,149.88 0.00 0.00
------------------ ------------------ -----------------
TOTAL OTHER PROPERTY AND INVESTMENTS 53,554,861.65 0.00 0.00
------------------ ------------------ -----------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 58,250,285.59 0.00 0.00
ADVANCES TO AFFILIATES 67,918,020.70 0.00 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 100,959,701.41 23,060,143.88 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 120,531,929.50 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 736,175.32 (23,060,143.88) 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (789,244.62) 0.00 0.00
FUEL INVENTORY 77,725,300.56 0.00 0.00
MATERIALS AND SUPPLIES 92,135,723.09 0.00 0.00
RISK MANAGEMENT ASSETS 56,265,271.44 0.00 0.00
ACCRUED UNBILLED REVENUES 0.00 (17,220,879.00) 0.00
MARGIN DEPOSITS 9,296,461.69 9,296,461.69 0.00
PREPAYMENTS 10,033,003.21 0.00 (16,506,225.00)
OTHER 23,070,436.00 7,924,417.31 0.00
------------------ ------------------ -----------------
TOTAL CURRENT ASSETS 616,133,063.88 0.00 (16,506,225.00)
------------------ ------------------ -----------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 528,709,342.44 0.00 0.00
FAS 109 DEFERRED FIT RECLASS (16,391,744.00) 0.00 0.00
CLEARING ACCOUNTS 0.01 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 52,824,714.92 0.00 0.00
UNAMORTIZED DEBT EXPENSE 10,489,950.22 0.00 0.00
OTHER DEFERRED DEBITS 83,829,359.11 0.00 (39,416,939.00)
------------------ ------------------ -----------------
TOTAL DEFERRED CHARGES 659,461,622.69 0.00 (39,416,939.00)
------------------ ------------------ -----------------
TOTAL ASSETS $5,374,517,416.14 $101,159,548.00 ($55,923,164.00)
================== ================== =================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $321,201,454.00 $0.00 $0.00
PREMIUM ON CAPITAL STOCK 0.00 (728,972.21) 0.00
PAID-IN CAPITAL 462,483,651.86 49,535,553.77 (16,314,062.62)
RETAINED EARNINGS 729,146,667.84 0.00 0.00
ACCUMULATED OTHER COMPREHENSIVE INCOME (48,806,581.56) (48,806,581.56) 0.00
------------------ ------------------ -----------------
COMMON SHAREHOLDER'S EQUITY 1,464,025,192.14 0.00 (16,314,062.62)
CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 16,645,400.00 0.00 0.00
LIABILITY FOR CUMULATIVE PREFERRED STOCK SUBJECT
TO MANDATORY REDEMPTION 7,250,000.00 7,250,000.00 0.00
LONG-TERM DEBT - NONAFFILIATED 1,608,085,249.04 (7,250,000.00) 0.00
------------------ ------------------ -----------------
TOTAL CAPITALIZATION 3,096,005,841.18 0.00 (16,314,062.62)
------------------ ------------------ -----------------
MINORITY INTEREST 16,314,062.62 16,314,062.62 0.00
------------------ ------------------ -----------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 431,853,659.00 0.00 0.00
SHORT-TERM DEBT - GENERAL 25,940,955.49 0.00 0.00
ADVANCES FROM AFFILIATES 0.00 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 104,873,746.12 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATES 101,758,140.78 0.00 (55,923,164.00)
CUSTOMER DEPOSITS 17,308,672.65 0.00 0.00
TAXES ACCRUED 132,792,835.06 0.00 0.00
INTEREST ACCRUED 45,678,727.12 0.00 0.00
RISK MANAGEMENT LIABILITIES 38,318,638.79 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 9,623,896.48 0.00 0.00
DIVIDENDS DECLARED 102,240.39 0.00 0.00
OTHER CURRENT LIABILITIES 71,539,599.75 0.00 0.00
------------------ ------------------ -----------------
TOTAL CURRENT LIABILITIES 979,791,111.64 0.00 (55,923,164.00)
------------------ ------------------ -----------------
DEFERRED CREDITS AND REGULATORY LIABILITIES
DEFERRED INCOME TAXES 1,090,202,075.16 0.00 0.00
DEFERRED FIT & DSIT RECLASS (156,619,782.24) 0.00 0.00
ASSET REMOVAL COSTS 101,159,548.00 101,159,548.00 0.00
DEFERRED INVESTMENT TAX CREDITS 15,640,519.00 0.00 0.00
OTHER REGULATORY LIABILTIES 3,288.73 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 100,601,508.71 (42,656,340.00) 0.00
OBLIGATIONS UNDER CAPITAL LEASES 25,063,582.41 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 42,656,340.00 42,656,340.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 40,476,845.18 0.00 0.00
OTHER DEFERRED CREDITS 23,222,475.75 (16,314,062.62) 16,314,062.62
------------------ ------------------ -----------------
TOTAL DEFERRED CREDITS AND REGULATORY LIABILITIES 1,282,406,400.70 84,845,485.38 16,314,062.62
------------------ ------------------ -----------------
TOTAL CAPITALIZATION AND LIABILITIES $5,374,517,416.14 $101,159,548.00 ($55,923,164.00)
================== ================== =================
Item 10 - Consolidating Balance Sheets
OHIO POWER COMPANY CONSOLIDATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------
DESCRIPTION OHIO POWER
COMPANY JMG FUNDING LP
----------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $5,844,174,108.83 $687,140,733.46
ACCUMULATED DEPRECIATION AND AMORTIZATION (2,421,875,305.21) (165,231,217.16)
------------------ ------------------
ELECTRIC UTILITY PLANT - NET 3,422,298,803.62 521,909,516.30
------------------ ------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 29,290,897.77 0.00
INVESTMENTS IN SUBSIDIARIES & ASSOCIATES 646,814.00 0.00
TOTAL OTHER INVESTMENTS 23,617,149.88 0.00
------------------ ------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 53,554,861.65 0.00
------------------ ------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 56,067,591.37 2,182,694.22
ADVANCES TO AFFILIATES 67,918,020.70 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 77,899,557.53 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 120,531,929.50 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 23,764,296.48 32,022.72
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (789,244.62) 0.00
FUEL INVENTORY 77,725,300.56 0.00
MATERIALS AND SUPPLIES 92,135,723.09 0.00
RISK MANAGEMENT ASSETS 56,265,271.44 0.00
ACCRUED UNBILLED REVENUES 17,220,879.00 0.00
MARGIN DEPOSITS 0.00 0.00
PREPAYMENTS 26,539,228.21 0.00
OTHER 15,146,018.69 0.00
------------------ ------------------
TOTAL CURRENT ASSETS 630,424,571.94 2,214,716.94
------------------ ------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 528,709,342.44 0.00
FAS 109 DEFERRED FIT RECLASS (16,391,744.00) 0.00
CLEARING ACCOUNTS 0.01 0.00
LONG-TERM RISK MANAGEMENT ASSETS 52,824,714.92 0.00
UNAMORTIZED DEBT EXPENSE 10,489,950.22 0.00
OTHER DEFERRED DEBITS 123,246,298.11 0.00
------------------ ------------------
TOTAL DEFERRED CHARGES 698,878,561.69 0.00
------------------ ------------------
TOTAL ASSETS $4,805,156,798.90 $524,124,233.24
================== ==================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $321,201,454.00 $0.00
PREMIUM ON CAPITAL STOCK 728,972.21 0.00
PAID-IN CAPITAL 412,948,098.09 16,314,062.62
RETAINED EARNINGS 729,146,667.84 0.00
ACCUMULATED OTHER COMPREHENSIVE INCOME 0.00 0.00
------------------ ------------------
COMMON SHAREHOLDER'S EQUITY 1,464,025,192.14 16,314,062.62
CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 16,645,400.00 0.00
LIABILITY FOR CUMULATIVE PREFERRED STOCK SUBJECT TO MANDATORY REDEMPTION 0.00 0.00
LONG-TERM DEBT - NONAFFILIATED 1,221,349,806.12 393,985,442.92
------------------ ------------------
TOTAL CAPITALIZATION 2,702,020,398.26 410,299,505.54
------------------ ------------------
MINORITY INTEREST 0.00 0.00
------------------ ------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN ONE YEAR - NONAFFILIATED 423,000,000.00 8,853,659.00
SHORT-TERM DEBT - GENERAL 0.00 25,940,955.49
ADVANCES FROM AFFILIATES 0.00 0.00
ACCOUNTS PAYABLE - GENERAL 104,873,746.12 0.00
ACCOUNTS PAYABLE - AFFILIATES 101,758,140.78 55,923,164.00
CUSTOMER DEPOSITS 17,308,672.65 0.00
TAXES ACCRUED 132,792,835.06 0.00
INTEREST ACCRUED 40,357,768.58 5,320,958.54
RISK MANAGEMENT LIABILITIES 38,318,638.79 0.00
OBLIGATIONS UNDER CAPITAL LEASES 9,623,896.48 0.00
DIVIDENDS DECLARED 102,240.39 0.00
OTHER CURRENT LIABILITIES 53,753,609.08 17,785,990.67
------------------ ------------------
TOTAL CURRENT LIABILITIES 921,889,547.94 113,824,727.70
------------------ ------------------
DEFERRED CREDITS AND REGULATORY LIABILITIES
DEFERRED INCOME TAXES 1,090,202,075.16 0.00
DEFERRED FIT & DSIT RECLASS (156,619,782.24) 0.00
ASSET REMOVAL COSTS 0.00 0.00
DEFERRED INVESTMENT TAX CREDITS 15,640,519.00 0.00
OTHER REGULATORY LIABILTIES 3,288.73 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 143,257,848.71 0.00
OBLIGATIONS UNDER CAPITAL LEASES 25,063,582.41 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 40,476,845.18 0.00
OTHER DEFERRED CREDITS 23,222,475.75 0.00
------------------ ------------------
TOTAL DEFERRED CREDITS AND REGULATORY LIABILITIES 1,181,246,852.70 0.00
------------------ ------------------
TOTAL CAPITALIZATION AND LIABILITIES $4,805,156,798.90 $524,124,233.24
================== ==================
Item 10 - Consolidating Balance Sheets
SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN SOUTHWESTERN
DESCRIPTION ELECTRIC POWER ELECTRIC POWER
COMPANY SEC REPORTING COMPANY
CONSOLIDATED ADJUSTMENTS ELIMINATIONS
------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $3,799,459,946.09 $0.00 $0.00
ACCUMULATED DEPRECIATION AND AMORTIZATION (1,617,846,204.00) 236,408,699.00 0.00
--------------------- --------------------- ---------------------
ELECTRIC UTILITY PLANT - NET 2,181,613,742.10 236,408,699.00 0.00
--------------------- --------------------- ---------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 3,808,010.55 0.00 0.00
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 191,383.70 0.00 (15,223,869.28)
TOTAL OTHER INVESTMENTS 4,518,917.42 0.00 (4,179,728.00)
--------------------- --------------------- ---------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 8,518,311.67 0.00 (19,403,597.28)
--------------------- --------------------- ---------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 11,724,352.26 0.00 0.00
ADVANCES TO AFFILIATES 66,475,640.13 0.00 (1,820,038.80)
ACCOUNTS RECEIVABLE - CUSTOMERS 41,473,705.45 15,050,164.44 0.00
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 10,393,624.25 0.00 (8,989,201.98)
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 0.00 (22,099,134.95) 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 4,682,309.38 (15,050,164.44) 0.00
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,092,942.10) 0.00 0.00
FUEL INVENTORY 63,880,797.74 0.00 0.00
MATERIALS AND SUPPLIES 33,775,398.67 0.00 0.00
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COSTS 11,394,000.00 11,394,000.00 0.00
RISK MANAGEMENT ASSETS 19,714,543.12 0.00 0.00
MARGIN DEPOSITS 5,122,738.30 5,122,738.30 0.00
PREPAYMENTS 19,073,635.00 0.00 0.00
OTHER 4,850.00 (5,122,738.30) 0.00
--------------------- --------------------- ---------------------
TOTAL CURRENT ASSETS 285,622,652.21 (10,705,134.95) (10,809,240.78)
--------------------- --------------------- ---------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 75,515,625.10 0.00 0.00
FAS 109 DEFERRED FIT RECLASS (37,090,268.00) 0.00 0.00
CLEARING ACCOUNTS 1,828,830.34 0.00 0.00
UNAMORTIZED DEBT EXPENSE 5,820,310.78 0.00 0.00
LONG-TERM RISK MANAGEMENT ASSETS 12,177,502.71 0.00 0.00
OTHER DEFERRED DEBITS 47,955,970.55 0.00 (4,249,437.99)
--------------------- --------------------- ---------------------
TOTAL DEFERRED CHARGES 106,207,971.48 0.00 (4,249,437.99)
--------------------- --------------------- ---------------------
TOTAL ASSETS $2,581,962,677.45 $225,703,564.05 ($34,462,276.05)
===================== ===================== =====================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $135,659,520.00 $0.00 ($1,000.00)
PREMIUM ON CAPITAL STOCK 0.00 (3,620.64) 0.00
PAID-IN CAPITAL 245,003,620.64 43,913,791.64 (4,242,153.08)
RETAINED EARNINGS 359,906,742.39 0.00 (2,719,344.68)
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (43,910,171.00) (43,910,171.00) 0.00
--------------------- --------------------- ---------------------
COMMON SHAREHOLDER'S EQUITY 696,659,712.03 0.00 (6,962,497.76)
CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 4,699,600.00 0.00 0.00
LONG-TERM DEBT 741,594,997.01 0.00 (9,628,562.12)
--------------------- --------------------- ---------------------
TOTAL CAPITALIZATION 1,442,954,309.04 0.00 (16,591,059.88)
--------------------- --------------------- ---------------------
MINORITY INTEREST 1,367,190.61 1,367,190.61 0.00
--------------------- --------------------- ---------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 142,714,210.68 0.00 0.00
ADVANCES FROM AFFILIATES 0.00 0.00 (1,820,038.80)
ACCOUNTS PAYABLE - GENERAL 37,645,508.97 0.00 0.00
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 35,138,037.99 (22,099,134.95) (8,989,201.98)
CUSTOMER DEPOSITS 24,259,934.92 0.00 0.00
TAXES ACCRUED 28,690,883.86 0.00 0.00
INTEREST ACCRUED 16,851,774.05 1,821.51 0.00
RISK MANAGEMENT LIABILITIES 11,361,450.08 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 3,158,757.87 0.00 0.00
OVER-RECOVERY OF FUEL COST 4,177,623.56 11,392,178.49 0.00
DIVIDENDS DECLARED 57,263.42 0.00 0.00
OTHER 53,696,014.94 (10,375,595.36) (8,429,166.00)
--------------------- --------------------- ---------------------
TOTAL CURRENT LIABILITIES 357,751,460.34 (21,080,730.31) (19,238,406.78)
--------------------- --------------------- ---------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 429,778,451.00 0.00 0.00
DEFERRED FIT & SIT RECLASS (80,714,472.00) 0.00 0.00
LONG-TERM RISK MANAGEMENT LIABILITIES 4,667,147.84 0.00 0.00
ASSET REMOVAL COSTS 236,408,699.00 236,408,699.00 0.00
DEFERRED INVESTMENT TAX CREDITS 39,864,304.00 0.00 0.00
OTHER REGULATORY LIABILTIES 21,194,959.04 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 184,066.02 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 8,429,166.00 8,429,166.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 18,383,204.46 0.00 0.00
ACCUMULATED PROVISIONS - RATE REFUND 8,562,000.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 60,165,014.45 (8,429,166.00) 0.00
OTHER DEFERRED CREDITS 32,967,177.65 9,008,404.75 1,367,190.61
--------------------- --------------------- ---------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 779,889,717.46 245,417,103.75 1,367,190.61
--------------------- --------------------- ---------------------
TOTAL CAPITALIZATION & LIABILITIES $2,581,962,677.45 $225,703,564.05 ($34,462,276.05)
===================== ===================== =====================
Item 10 - Consolidating Balance Sheets
SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED
CONSOLIDATING BALANCE SHEET
DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION SOUTHWESTERN
ELECTRIC POWER DOLET HILLS SABINE MINING
COMPANY LIGNITE COMPANY COMPANY
------------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT $3,605,376,479.75 $54,461,471.86 $139,621,994.48
ACCUMULATED DEPRECIATION AND AMORTIZATION (1,744,363,068.12) (18,616,481.57) (91,275,353.31)
--------------------- --------------------- --------------------
ELECTRIC UTILITY PLANT - NET 1,861,013,411.64 35,844,990.29 48,346,641.17
--------------------- --------------------- --------------------
OTHER PROPERTY AND INVESTMENTS
NON-UTILITY PROPERTY, NET 3,808,010.55 0.00 0.00
INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES 15,415,252.98 0.00 0.00
TOTAL OTHER INVESTMENTS 4,518,917.42 0.00 4,179,728.00
--------------------- --------------------- --------------------
TOTAL OTHER PROPERTY AND INVESTMENTS 23,742,180.95 0.00 4,179,728.00
--------------------- --------------------- --------------------
CURRENT ASSETS
CASH AND CASH EQUIVALENTS 8,760,167.09 150,500.00 2,813,685.17
ADVANCES TO AFFILIATES 65,384,536.69 2,911,142.24 0.00
ACCOUNTS RECEIVABLE - CUSTOMERS 26,422,790.18 0.00 750.83
ACCOUNTS RECEIVABLE - AFFILIATED COMPANIES 10,405,276.25 3,019,117.62 5,958,432.36
ACCOUNTS RECEIVABLE - ACCRUED UNBILLED REVENUES 22,099,134.95 0.00 0.00
ACCOUNTS RECEIVABLE - MISCELLANEOUS 14,868,300.38 2,580,558.72 2,283,614.72
ACCOUNTS RECEIVABLE - ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (2,092,942.10) 0.00 0.00
FUEL INVENTORY 51,307,459.16 4,119,657.33 8,453,681.25
MATERIALS AND SUPPLIES 29,403,398.67 4,372,000.00 0.00
REGULATORY ASSET FOR UNDER-RECOVERED FUEL COSTS 0.00 0.00 0.00
RISK MANAGEMENT ASSETS 19,714,543.12 0.00 0.00
MARGIN DEPOSITS 0.00 0.00 0.00
PREPAYMENTS 18,723,501.18 289,290.93 60,842.89
OTHER 5,127,588.30 0.00 0.00
--------------------- --------------------- --------------------
TOTAL CURRENT ASSETS 270,123,753.88 17,442,266.84 19,571,007.22
--------------------- --------------------- --------------------
DEFERRED DEBITS AND OTHER ASSETS
REGULATORY ASSETS 75,515,625.10 0.00 0.00
FAS 109 DEFERRED FIT RECLASS (37,090,268.00) 0.00 0.00
CLEARING ACCOUNTS 1,828,830.34 0.00 0.00
UNAMORTIZED DEBT EXPENSE 5,141,732.59 352,488.25 326,089.94
LONG-TERM RISK MANAGEMENT ASSETS 12,177,502.71 0.00 0.00
OTHER DEFERRED DEBITS 2,541,629.38 34,130,513.16 15,533,266.00
--------------------- --------------------- --------------------
TOTAL DEFERRED CHARGES 60,115,052.12 34,483,001.41 15,859,355.94
--------------------- --------------------- --------------------
TOTAL ASSETS $2,214,994,398.59 $87,770,258.54 $87,956,732.33
===================== ===================== ====================
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK $135,659,520.00 $0.00 $1,000.00
PREMIUM ON CAPITAL STOCK 3,620.64 0.00 0.00
PAID-IN CAPITAL 201,089,829.00 4,907,153.08 (665,000.00)
RETAINED EARNINGS 359,906,742.37 688,154.09 2,031,190.61
ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) 0.00 0.00 0.00
--------------------- --------------------- --------------------
COMMON SHAREHOLDER'S EQUITY 696,659,712.01 5,595,307.17 1,367,190.61
CUMULATIVE PREFERRED STOCK NOT SUBJECT TO MANDATORY REDEMPTION 4,699,600.00 0.00 0.00
LONG-TERM DEBT 673,583,566.92 43,139,992.21 34,500,000.00
--------------------- --------------------- --------------------
TOTAL CAPITALIZATION 1,374,942,878.93 48,735,299.38 35,867,190.61
--------------------- --------------------- --------------------
MINORITY INTEREST 0.00 0.00 0.00
--------------------- --------------------- --------------------
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 132,885,000.00 6,829,210.68 3,000,000.00
ADVANCES FROM AFFILIATES 0.00 1,820,038.80 0.00
ACCOUNTS PAYABLE - GENERAL 35,889,323.37 98,422.00 1,657,763.60
ACCOUNTS PAYABLE - AFFILIATED COMPANIES 66,125,081.60 101,293.32 0.00
CUSTOMER DEPOSITS 24,259,934.92 0.00 0.00
TAXES ACCRUED 29,174,084.25 (1,943,546.60) 1,460,346.21
INTEREST ACCRUED 16,254,044.14 40,071.70 555,836.70
RISK MANAGEMENT LIABILITIES 10,790,450.08 0.00 571,000.00
OBLIGATIONS UNDER CAPITAL LEASES 328,977.87 0.00 2,829,780.00
OVER-RECOVERY OF FUEL COST (7,214,554.93) 0.00 0.00
DIVIDENDS DECLARED 57,263.42 0.00 0.00
OTHER 56,875,959.75 11,629,566.67 3,995,249.88
--------------------- --------------------- --------------------
TOTAL CURRENT LIABILITIES 365,425,564.47 18,575,056.57 14,069,976.39
--------------------- --------------------- --------------------
DEFERRED CREDITS AND OTHER LIABILITIES
DEFERRED INCOME TAXES 420,106,254.00 4,069,987.00 5,602,210.00
DEFERRED FIT & SIT RECLASS (80,151,123.00) (122,502.00) (440,847.00)
LONG-TERM RISK MANAGEMENT LIABILITIES 4,215,147.84 0.00 452,000.00
ASSET REMOVAL COSTS 0.00 0.00 0.00
DEFERRED INVESTMENT TAX CREDITS 39,864,304.00 0.00 0.00
OTHER REGULATORY LIABILTIES 21,194,959.04 0.00 0.00
UNAMORTIZED GAIN ON REACQUIRED DEBT 184,066.02 0.00 0.00
ASSET RETIREMENT OBLIGATIONS 0.00 0.00 0.00
OBLIGATIONS UNDER CAPITAL LEASES 338,932.46 0.00 18,044,272.00
ACCUMULATED PROVISIONS - RATE REFUND 8,562,000.00 0.00 0.00
ACCUMULATED PROVISIONS - MISCELLANEOUS 37,999,554.59 16,512,417.59 14,082,208.27
OTHER DEFERRED CREDITS 22,311,860.23 0.00 279,722.06
--------------------- --------------------- --------------------
TOTAL DEFERRED CREDITS AND OTHER LIABILITIES 474,625,955.18 20,459,902.59 38,019,565.33
--------------------- --------------------- --------------------
TOTAL CAPITALIZATION & LIABILITIES $2,214,994,398.59 $87,770,258.54 $87,956,732.33
===================== ===================== ====================
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC SEC REPORTING
POWER COMPANY ADJUSTMENTS/ AMERICAN ELECTRIC
CONSOLIDATED ELIMINATIONS POWER COMPANY
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $109,735 ($231,699) $106,393
PLUS: DISCONTINUED OPERATIONS 605,379 605,379 0
-------------- -------------- ---------------
INCOME FROM CONTINUING OPERATIONS 715,114 373,680 106,393
-------------- -------------- ---------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 1,299,428 (8,753) 147
DEFERRED INCOME TAXES 162,844 (15,669) 0
DEFERRED INVESTMENT TAX CREDITS (33,326) 1,026 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (192,763) 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 720,074 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES (2,019) (222) 0
AMORTIZATION OF COOK PLANT RESTART COSTS 40,000 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES (74,000) (74,000) 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (121,565) (2,535) 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 218,692 (218,692)
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 362,644 (405,002) 16,693
ACCRUED UTILITY REVENUES 0 20,301 0
PREPAYMENTS AND OTHER 0 13,096 0
FUEL, MATERIALS AND SUPPLIES (71,038) 8,050 0
ACCOUNTS PAYABLE (631,923) 321,706 (14,555)
INTEREST ACCRUED 0 (28,263) 0
CUSTOMER DEPOSITS 0 (4,339) 0
INCENTIVE PLAN ACCRUED 0 7,210 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 75,822 0
TAXES ACCRUED 86,629 136 (10,491)
FUEL RECOVERY 137,987 0 0
ROCKPORT PLANT UNIT 2 0 5,571 0
RATE STABILIZATION DEFERRAL 0 75,601 0
CHANGE IN OPERATING RESERVES 0 46,984 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 27,754 0
CHANGE IN OTHER ASSETS (162,409) (510,613) 19,236
CHANGE IN OTHER LIABILITIES 72,067 (741,680) 617,471
-------------- -------------- ---------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 2,307,743 (595,447) 516,202
-------------- -------------- ---------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (1,358,401) (15,603) 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET (614,978) 0 0
INVESTMENT IN SUBSIDIARIES (0) (489,843) 502,118
PROCEEDS FROM SALE OF ASSETS 81,768 7,325 0
OTHER 3,723 (13,004) 0
-------------- -------------- ---------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (1,887,888) (511,125) 502,118
-------------- -------------- ---------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 1,142,206 0 1,142,206
CAPITAL CONTRIBUTION FROM PARENT 0 (1,118,564) 12,264
ISSUANCE OF LONG-TERM DEBT 4,761,086 (499) 757,022
CHANGE IN SHORT-TERM DEBT, NET (2,781,148) 787,052 (2,132,328)
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 565,000 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 (197,282) 0
RETIREMENT OF LONG-TERM DEBT (2,707,134) (124,392) (311,215)
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 475,000 0
RETIREMENT OF PREFERRED STOCK (9,122) (500) 0
RETIREMENT OF MINORITY INTEREST (225,000) 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 4,474 0
DIVIDENDS PAID ON COMMON STOCK (618,053) 726,373 (618,053)
-------------- -------------- ---------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (437,164) 1,116,662 (1,150,103)
-------------- -------------- ---------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,309) 10,090 (131,783)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,199,449 (23,253) 1,006,665
-------------- -------------- ---------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,182,140 (13,163) 874,882
============== ============== ===============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS (10,090) (10,090) 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 23,253 23,253 0
-------------- -------------- ---------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $13,163 $13,163 $0
============== ============== ===============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC
POWER SERVICE AEP TEXAS AEP MONEY
CORPORATION POLR, LLC POOL
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $0 ($6,429) $0
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 0 (6,429) 0
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 8,618 2 0
DEFERRED INCOME TAXES (36,937) (1,240) 0
DEFERRED INVESTMENT TAX CREDITS (51) 0 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 304,552 8,533 (48,046)
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES 13 0 0
ACCOUNTS PAYABLE (67,897) (568) 31,581
INTEREST ACCRUED 0 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED 8,799 (192) 0
FUEL RECOVERY 0 0 0
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS 6,793 (0) (2,288)
CHANGE IN OTHER LIABILITIES (100,511) (2,260) 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 123,379 (2,155) (18,752)
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 46,012 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 0 0 0
OTHER 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 46,012 0 0
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0 0
ISSUANCE OF LONG-TERM DEBT 0 0 0
CHANGE IN SHORT-TERM DEBT, NET (155,669) 3,156 18,752
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0
RETIREMENT OF LONG-TERM DEBT (15,100) 0 0
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0
RETIREMENT OF PREFERRED STOCK 0 0 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0
DIVIDENDS PAID ON COMMON STOCK 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (170,769) 3,156 18,752
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1,378) 1,002 0
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 2,998 (969) 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 1,620 33 0
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AEP GENERATING CENTRAL COAL AEP T&D
COMPANY COMPANY SERVICES, LLC
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $7,964 $0 $28
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 7,964 0 28
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 22,686 0 4
DEFERRED INCOME TAXES (5,838) (110) 9
DEFERRED INVESTMENT TAX CREDITS (3,354) 0 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES (45) 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET (6,294) 20 105
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES (385) 0 0
ACCOUNTS PAYABLE 476 118 (37)
INTEREST ACCRUED 0 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED 3,743 3 (92)
FUEL RECOVERY 0 0 0
ROCKPORT PLANT UNIT 2 (5,571) 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS 3,531 (55) (5)
CHANGE IN OTHER LIABILITIES 1,007 223 (11)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 17,920 200 2
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (22,197) 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 105 0 0
OTHER 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (22,092) 0 0
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0 0
ISSUANCE OF LONG-TERM DEBT 0 0 0
CHANGE IN SHORT-TERM DEBT, NET 0 (200) (2)
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 8,858 0 0
RETIREMENT OF LONG-TERM DEBT 0 0 0
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0
RETIREMENT OF PREFERRED STOCK 0 0 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0
DIVIDENDS PAID ON COMMON STOCK (4,686) 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 4,172 (200) (2)
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 0 0 (0)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 0 0 (0)
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
APPALACHIAN
INDIANA POWER
FRANKLIN FRANKLIN REAL COMPANY
REALTY, INC. ESTATE COMPANY CONSOLIDATED
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $0 $0 $280,040
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 0 0 280,040
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 0 0 175,772
DEFERRED INCOME TAXES 0 0 24,563
DEFERRED INVESTMENT TAX CREDITS 0 0 (3,146)
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 (77,257)
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 56,409
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 78 214 (6,825)
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES 0 0 (1,252)
ACCOUNTS PAYABLE (97) (80) (17,611)
INTEREST ACCRUED 0 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 (7,210)
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED 0 1 21,078
FUEL RECOVERY 0 0 74,071
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 (75,601)
CHANGE IN OPERATING RESERVES 0 0 (46,984)
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS 0 0 (17,813)
CHANGE IN OTHER LIABILITIES (131) (603) 83,042
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES (151) (468) 461,276
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 0 (288,577)
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 0 0 1,969
OTHER 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 0 (286,608)
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0 0
ISSUANCE OF LONG-TERM DEBT 0 0 580,649
CHANGE IN SHORT-TERM DEBT, NET 30 (194) 0
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 43,789
RETIREMENT OF LONG-TERM DEBT 0 0 (622,737)
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0
RETIREMENT OF PREFERRED STOCK 0 0 (5,506)
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 (1,001)
DIVIDENDS PAID ON COMMON STOCK 0 0 (128,266)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 30 (194) (133,072)
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (120) (662) 41,596
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 120 662 4,285
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD (0) (0) 45,881
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
COLUMBUS INDIANA
SOUTHERN MICHIGAN
POWER COMPANY POWER COMPANY KENTUCKY POWER
CONSOLIDATED CONSOLIDATED COMPANY
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $200,430 $86,388 $32,330
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 200,430 86,388 32,330
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 135,964 171,281 39,309
DEFERRED INCOME TAXES (4,514) (14,894) 20,107
DEFERRED INVESTMENT TAX CREDITS (3,110) (7,431) (1,210)
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (27,283) 3,160 1,134
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 10,300 0
AMORTIZATION OF DEFERRED PROPERTY TAXES (529) 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 40,000 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 41,830 43,938 15,112
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET (5,590) 34,346 2,445
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES 6,441 (11,013) 878
ACCOUNTS PAYABLE (59,543) (69,396) (45,100)
INTEREST ACCRUED 6,730 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED 20,681 (29,370) 8,582
FUEL RECOVERY 0 37,501 233
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 (27,754) 0
CHANGE IN OTHER ASSETS (20,563) (24,302) (16,588)
CHANGE IN OTHER LIABILITIES (8,762) (19,981) 4,565
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 282,182 222,773 61,797
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (136,291) (184,188) (81,707)
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 1,644 0 967
OTHER 0 1,485 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (134,647) (182,703) (80,740)
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0 0
ISSUANCE OF LONG-TERM DEBT 643,097 64,434 74,263
CHANGE IN SHORT-TERM DEBT, NET 0 0 0
CHANGE IN SHORT-TERM DEBT - AFFILIATES (290,000) 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 37,774 290,048 14,710
RETIREMENT OF LONG-TERM DEBT (212,500) (350,000) (40,000)
RETIREMENT OF LONG-TERM DEBT AFFILIATES (160,000) 0 (15,000)
RETIREMENT OF PREFERRED STOCK 0 (1,500) 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 (2,375) 0
DIVIDENDS PAID ON COMMON STOCK (163,243) (40,000) (16,448)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (144,872) (39,393) 17,525
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 2,663 677 (1,418)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,479 3,237 2,304
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 4,142 3,914 886
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
KINGSPORT OHIO POWER WHEELING
POWER COMPANY POWER
COMPANY CONSOLIDATED COMPANY
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $4,729 $375,663 $10,275
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 4,729 375,663 10,275
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 3,632 257,417 2,455
DEFERRED INCOME TAXES 511 24,482 697
DEFERRED INVESTMENT TAX CREDITS (64) (3,107) (34)
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 (124,632) 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 (855) (18)
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 60,064 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 478 16,335 909
ACCRUED UTILITY REVENUES 0 (20,301) 0
PREPAYMENTS AND OTHER 0 (13,096) 0
FUEL, MATERIALS AND SUPPLIES 22 2,927 35
ACCOUNTS PAYABLE (10,194) (173,218) (6,555)
INTEREST ACCRUED 0 21,533 0
CUSTOMER DEPOSITS 0 4,339 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 (75,822) 0
TAXES ACCRUED 1,187 21,015 1,800
FUEL RECOVERY 0 0 0
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS 44 (23,302) 4,682
CHANGE IN OTHER LIABILITIES (227) 24,001 (6,153)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 118 373,443 8,091
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (4,121) (244,312) (5,472)
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 0 7,301 314
OTHER 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (4,121) (237,011) (5,158)
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0 0
ISSUANCE OF LONG-TERM DEBT 0 988,914 0
CHANGE IN SHORT-TERM DEBT, NET 8,196 (671) 1,168
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 (275,000) 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 (197,897) 0
RETIREMENT OF LONG-TERM DEBT 0 (128,378) 0
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 (300,000) 0
RETIREMENT OF PREFERRED STOCK 0 (1,603) 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 (1,098) 0
DIVIDENDS PAID ON COMMON STOCK (4,000) (167,734) (4,000)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 4,196 (83,467) (2,832)
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 192 52,965 101
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD (65) 5,285 104
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 127 58,250 205
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AEP AEP AEP
INVESTMENTS RESOURCES COMMUNICATIONS
INC. INC. INC.
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) ($5,018) ($1,121,424) ($3,600)
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS (5,018) (1,121,424) (3,600)
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 59 30,194 1,359
DEFERRED INCOME TAXES (531) 82,744 7,231
DEFERRED INVESTMENT TAX CREDITS 0 0 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 43,610 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 573,148 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 484
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 (292,897) 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 86 290,857 5,820
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES 0 (105,376) 15
ACCOUNTS PAYABLE 57,646 (335,097) (14,145)
INTEREST ACCRUED 0 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED (473) (55,517) (5,628)
FUEL RECOVERY 0 0 0
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS (22,874) 719,450 2,520
CHANGE IN OTHER LIABILITIES 2,205 111,553 (1,826)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 31,099 (58,755) (7,772)
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 (25,315) 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 (646,602) 0
INVESTMENT IN SUBSIDIARIES (4,993) (7,500) 0
PROCEEDS FROM SALE OF ASSETS 0 8,200 0
OTHER (35,517) 23,979 3,790
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (40,510) (647,238) 3,790
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 7,107 1,097,285 0
ISSUANCE OF LONG-TERM DEBT 0 0 0
CHANGE IN SHORT-TERM DEBT, NET 2,377 (18,148) 29,350
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0
RETIREMENT OF LONG-TERM DEBT 0 (139,944) (25,000)
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0
RETIREMENT OF PREFERRED STOCK 0 0 0
RETIREMENT OF MINORITY INTEREST 0 (225,000) 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0
DIVIDENDS PAID ON COMMON STOCK 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 9,484 714,194 4,350
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 73 8,200 368
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 7 48,849 (368)
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 80 57,049 0
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
AEP UTILITIES
INCORPORATED AEP C&I AEP DESERT
CONSOLIDATED COMPANY, LLC SKY LP, LLC
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $375,937 $739 ($595)
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 375,937 739 (595)
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 442,140 6 3
DEFERRED INCOME TAXES 121,520 (23,326) 106
DEFERRED INVESTMENT TAX CREDITS (12,845) 0 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (11,710) 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 70,000 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES (833) 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (31,813) 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 177,577 46,612 (307)
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES 24,868 2,529 0
ACCOUNTS PAYABLE (239,486) (29,204) 44,465
INTEREST ACCRUED 0 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED 131,381 (44,760) (3,445)
FUEL RECOVERY 26,182 0 0
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS (224,440) 2,110 6,416
CHANGE IN OTHER LIABILITIES 128,860 24,207 (46,931)
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 977,338 (21,087) (287)
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (396,630) 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 31,624 0 0
INVESTMENT IN SUBSIDIARIES 836 (618) 0
PROCEEDS FROM SALE OF ASSETS 14,805 0 0
OTHER 22,990 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (326,375) (618) 0
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT (3,651) (6,872) 0
ISSUANCE OF LONG-TERM DEBT 1,653,206 0 0
CHANGE IN SHORT-TERM DEBT, NET (1,372,397) 23,490 287
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0
RETIREMENT OF LONG-TERM DEBT (738,609) 0 0
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0
RETIREMENT OF PREFERRED STOCK (13) 0 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0
DIVIDENDS PAID ON COMMON STOCK (183,996) 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (645,460) 16,618 287
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,503 (5,087) (0)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 124,279 5,120 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 129,782 33 (0)
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AEP DESERT AEP AEP POWER
SKY LP II, LLC COAL, INC. MARKETING, INC.
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $2,857 ($41,382) $14,640
PLUS: DISCONTINUED OPERATIONS 0 0 0
-------------- -------------- --------------
INCOME FROM CONTINUING OPERATIONS 2,857 (41,382) 14,640
-------------- -------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 9,053 6,014 0
DEFERRED INCOME TAXES 1,968 (19,224) 4,165
DEFERRED INVESTMENT TAX CREDITS 0 0 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 215 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 66,626 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 (11,900)
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET (57,916) 5,477 (42,206)
ACCRUED UTILITY REVENUES 0 0 0
PREPAYMENTS AND OTHER 0 0 0
FUEL, MATERIALS AND SUPPLIES 0 (1,654) 0
ACCOUNTS PAYABLE 8,048 (2,971) 18,480
INTEREST ACCRUED 0 0 0
CUSTOMER DEPOSITS 0 0 0
INCENTIVE PLAN ACCRUED 0 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0 0
TAXES ACCRUED 1,396 153 3,572
FUEL RECOVERY 0 0 0
ROCKPORT PLANT UNIT 2 0 0 0
RATE STABILIZATION DEFERRAL 0 0 0
CHANGE IN OPERATING RESERVES 0 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0 0
CHANGE IN OTHER ASSETS (4,487) (7,664) (0)
CHANGE IN OTHER LIABILITIES 46,260 (6,352) 2,118
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 7,393 (976) (11,130)
-------------- -------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 0 6,072 0
OTHER 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 6,072 0
-------------- -------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0 0
ISSUANCE OF LONG-TERM DEBT 0 0 0
CHANGE IN SHORT-TERM DEBT, NET 998 (6,694) 11,130
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0
RETIREMENT OF LONG-TERM DEBT (6,759) 0 0
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0 0
RETIREMENT OF PREFERRED STOCK 0 0 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0
DIVIDENDS PAID ON COMMON STOCK 0 0 0
-------------- -------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (5,761) (6,694) 11,130
-------------- -------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,631 (1,598) (0)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 13,360 4,225 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 14,991 2,627 (0)
============== ============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
-------------- -------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============== ============== ==============
Item 10 - Consolidating Statements of Cash Flows
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------
AEP PRO MUTUAL
SERV, INC. ENERGY LLC
------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) ($6,361) $27,833
PLUS: DISCONTINUED OPERATIONS 0 0
-------------- --------------
INCOME FROM CONTINUING OPERATIONS (6,361) 27,833
-------------- --------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 1,708 358
DEFERRED INCOME TAXES 661 (3,634)
DEFERRED INVESTMENT TAX CREDITS 0 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 227
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 18,235 5,457
ACCRUED UTILITY REVENUES 0 0
PREPAYMENTS AND OTHER 0 0
FUEL, MATERIALS AND SUPPLIES 86 2,778
ACCOUNTS PAYABLE (21,530) (7,162)
INTEREST ACCRUED 0 0
CUSTOMER DEPOSITS 0 0
INCENTIVE PLAN ACCRUED 0 0
EMPLOYEE BENEFITS AND OTHER NONCURRENT LIABILITIES 0 0
TAXES ACCRUED 15,796 (2,727)
FUEL RECOVERY 0 0
ROCKPORT PLANT UNIT 2 0 0
RATE STABILIZATION DEFERRAL 0 0
CHANGE IN OPERATING RESERVES 0 0
DEFERRAL OF INCREMENTAL NUCLEAR REFUELING OUTAGE EXPENSES 0 0
CHANGE IN OTHER ASSETS 2,645 (54,842)
CHANGE IN OTHER LIABILITIES (39,723) 1,706
-------------- --------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES (28,483) (30,006)
-------------- --------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0
INVESTMENT IN SUBSIDIARIES 0 0
PROCEEDS FROM SALE OF ASSETS 0 33,066
OTHER 0 0
-------------- --------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 33,066
-------------- --------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0
CAPITAL CONTRIBUTION FROM PARENT 12,431 0
ISSUANCE OF LONG-TERM DEBT 0 0
CHANGE IN SHORT-TERM DEBT, NET 8,070 11,099
CHANGE IN SHORT-TERM DEBT - AFFILIATES 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0
RETIREMENT OF LONG-TERM DEBT 7,500 0
RETIREMENT OF LONG-TERM DEBT AFFILIATES 0 0
RETIREMENT OF PREFERRED STOCK 0 0
RETIREMENT OF MINORITY INTEREST 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0
DIVIDENDS PAID ON COMMON STOCK 0 (14,000)
-------------- --------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 28,001 (2,901)
-------------- --------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (482) 159
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 1,284 (159)
-------------- --------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 802 (0)
============== ==============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0
-------------- --------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0
============== ==============
Item 10 - Consolidating Statements of Cash Flows
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AEP UTILITIES AEP UTILITIES
INCORPORATED INCORPORATED AEP UTILITIES
CONSOLIDATED ELIMINATIONS INCORPORATED
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $375,937 ($393,273) $375,938
PLUS: DISCONTINUED OPERATIONS 0 0 0
------------- ------------- -------------
INCOME FROM CONTINUING OPERATIONS 375,937 (393,273) 375,938
------------- ------------- -------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 442,140 0 431
EXTRAORDINARY LOSS - NET OF TAX 0 (177) 0
DEFERRED INCOME TAXES 121,520 0 8,389
DEFERRED INVESTMENT TAX CREDITS (12,845) (2) 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES 0
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (11,710) 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 70,000 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES (833) 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (31,813) (10,511) 0
WHOLESALE CAPACITY AUCTION TRUE-UP 0 218,000 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 392,486 (392,486)
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 177,577 136,202 (5,893)
FUEL, MATERIALS AND SUPPLIES 24,868 (1) 0
ACCOUNTS PAYABLE (239,486) (139,309) (16,758)
INTEREST ACCRUED 0 8,009 0
TAXES ACCRUED 131,381 1 11,154
FUEL RECOVERY 26,182 (4,541) 0
CHANGE IN OTHER ASSETS (224,440) (227,824) 2,945
CHANGE IN OTHER LIABILITIES 128,860 (214,551) 165,989
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 977,339 (235,491) 149,708
------------- ------------- -------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (396,630) 0 (237)
INVESTMENT IN DISCONTINUED OPERATIONS, NET 31,624 0 0
INVESTMENT IN SUBSIDIARIES 836 18,467 (18,467)
PROCEEDS FROM SALE OF ASSETS 14,805 0 0
OTHER 22,990 0 0
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (326,375) 18,467 (18,704)
------------- ------------- -------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT (3,651) (11,294) 55,758
ISSUANCE OF LONG-TERM DEBT 1,653,206 1 0
CHANGE IN SHORT-TERM DEBT, NET (1,372,397) (1,227,450) 21,596
CHANGE IN SHORT-TERM DEBT AFFILIATES 0 775,000 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 452,366 0
RETIREMENT OF LONG-TERM DEBT (738,609) 0 0
RETIREMENT OF PREFERRED STOCK (13) (1) 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK (0) 787 0
DIVIDENDS PAID ON COMMON STOCK (183,996) 227,619 (183,997)
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (645,461) 217,028 (106,643)
------------- ------------- -------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 5,503 4 24,361
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 124,279 0 5
------------- ------------- -------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 129,782 4 24,366
============= ============= =============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
------------- ------------- -------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============= ============= =============
Item 10 - Consolidating Statements of Cash Flows
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
AEP CREDIT ENERSHOP CSW LEASING
INCORPORATED INCORPORATED INCORPORATED
---------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $4,356 ($985) ($0)
PLUS: DISCONTINUED OPERATIONS 0 0 0
------------- ------------- -------------
INCOME FROM CONTINUING OPERATIONS 4,356 (985) (0)
------------- ------------- -------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 0 1 0
EXTRAORDINARY LOSS - NET OF TAX 0 0 0
DEFERRED INCOME TAXES 5,120 (54) 0
DEFERRED INVESTMENT TAX CREDITS 0 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0 0
WHOLESALE CAPACITY AUCTION TRUE-UP 0 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET (44,884) 744 0
FUEL, MATERIALS AND SUPPLIES 0 0 0
ACCOUNTS PAYABLE (13,530) (182) (6)
INTEREST ACCRUED 0 0 0
TAXES ACCRUED (4,284) 168 15,599
FUEL RECOVERY 0 0 0
CHANGE IN OTHER ASSETS (358) 449 0
CHANGE IN OTHER LIABILITIES (5,021) 19,909 44,749
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES (58,601) 20,051 60,343
------------- ------------- -------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 0 0 0
OTHER 0 0 0
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 0 0
------------- ------------- -------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT (1,184) (1) (60,349)
ISSUANCE OF LONG-TERM DEBT 0 0 0
CHANGE IN SHORT-TERM DEBT, NET 59,784 (6,003) 0
CHANGE IN SHORT-TERM DEBT AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0 0
RETIREMENT OF LONG-TERM DEBT 0 (15,000) 0
RETIREMENT OF PREFERRED STOCK 0 0 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0 0
DIVIDENDS PAID ON COMMON STOCK 0 985 (38)
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES 58,601 (20,020) (60,387)
------------- ------------- -------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (1) 31 (44)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 0 (32) 44
------------- ------------- -------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD (1) (1) 0
============= ============= =============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
------------- ------------- -------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============= ============= =============
Item 10 - Consolidating Statements of Cash Flows
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL PUBLIC SERVICE
COMPANY COMPANY OF AEP TEXAS NORTH
CONSOLIDATED OKLAHOMA COMPANY
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) $217,669 $53,891 $58,557
PLUS: DISCONTINUED OPERATIONS 0 0 0
------------- ------------- -------------
INCOME FROM CONTINUING OPERATIONS 217,669 53,891 58,557
------------- ------------- -------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 189,130 86,455 36,242
EXTRAORDINARY LOSS - NET OF TAX 0 0 177
DEFERRED INCOME TAXES 19,393 (14,641) (3,493)
DEFERRED INVESTMENT TAX CREDITS (5,207) (1,790) (1,520)
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
CUMULATIVE EFFECT OF ACCOUNTING CHANGES (122) 0 (3,071)
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS (6,341) 0 (2,558)
WHOLESALE CAPACITY AUCTION TRUE-UP (218,000) 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 15,190 (2,588) 14,393
FUEL, MATERIALS AND SUPPLIES 15,850 892 2,460
ACCOUNTS PAYABLE 55,772 (33,231) (40,140)
INTEREST ACCRUED (8,009) 0 0
TAXES ACCRUED 42,227 20,303 19,180
FUEL RECOVERY 0 52,300 0
CHANGE IN OTHER ASSETS 30,341 (10,421) (8,955)
CHANGE IN OTHER LIABILITIES 19,330 14,987 5,996
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 367,223 166,157 77,268
------------- ------------- -------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (141,771) (86,815) (46,683)
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0 0
INVESTMENT IN SUBSIDIARIES 0 0 0
PROCEEDS FROM SALE OF ASSETS 7,455 2,862 688
OTHER 0 0 0
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES (134,316) (83,953) (45,995)
------------- ------------- -------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 50,000 0
ISSUANCE OF LONG-TERM DEBT 953,136 148,734 222,455
CHANGE IN SHORT-TERM DEBT, NET 0 0 0
CHANGE IN SHORT-TERM DEBT AFFILIATES (650,000) 0 (125,000)
CHANGE IN ADVANCES FROM AFFILIATES, NET (187,410) (53,241) (122,000)
RETIREMENT OF LONG-TERM DEBT (247,127) (200,000) 0
RETIREMENT OF PREFERRED STOCK (2) 0 (10)
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK (241) (213) (104)
DIVIDENDS PAID ON COMMON STOCK (120,801) (30,000) (4,970)
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (252,445) (84,720) (29,629)
------------- ------------- -------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (19,538) (2,516) 1,644
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 85,420 16,774 1,219
------------- ------------- -------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 65,882 14,258 2,863
============= ============= =============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
------------- ------------- -------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============= ============= =============
Item 10 - Consolidating Statements of Cash Flows
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN
ELECTRIC POWER
CSW ENERGY COMPANY CSW INTERNATIONAL
INCORPORATED CONSOLIDATED INCORPORATED
------------------------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) ($43,719) $98,141 $16,184
PLUS: DISCONTINUED OPERATIONS 0 0 0
------------- ------------- -------------
INCOME FROM CONTINUING OPERATIONS (43,719) 98,141 16,184
------------- ------------- -------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 7,644 121,072 0
EXTRAORDINARY LOSS - NET OF TAX 0 0 0
DEFERRED INCOME TAXES 66,501 9,942 1,825
DEFERRED INVESTMENT TAX CREDITS 0 (4,326) 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 (8,517) 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 70,000 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES 0 0 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 (12,403) 0
WHOLESALE CAPACITY AUCTION TRUE-UP 0 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET (4,663) 27,527 34,251
FUEL, MATERIALS AND SUPPLIES 0 4,165 0
ACCOUNTS PAYABLE 67,591 (51,687) (59,330)
INTEREST ACCRUED 0 0 0
TAXES ACCRUED 8,389 8,446 5,054
FUEL RECOVERY 0 (21,577) 0
CHANGE IN OTHER ASSETS (7,238) 16,268 (19,815)
CHANGE IN OTHER LIABILITIES 8,030 61,043 5,403
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 172,536 248,094 (16,428)
------------- ------------- -------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 (121,124) 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 31,624 0 0
INVESTMENT IN SUBSIDIARIES 836 0 0
PROCEEDS FROM SALE OF ASSETS 0 3,800 0
OTHER 16,515 6,475 0
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 48,975 (110,849) 0
------------- ------------- -------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0 0
CAPITAL CONTRIBUTION FROM PARENT (12,609) 0 (23,972)
ISSUANCE OF LONG-TERM DEBT 74,250 254,630 0
CHANGE IN SHORT-TERM DEBT, NET (279,776) 0 40,903
CHANGE IN SHORT-TERM DEBT AFFILIATES 0 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 (89,715) 0
RETIREMENT OF LONG-TERM DEBT (10,000) (219,482) 0
RETIREMENT OF PREFERRED STOCK 0 0 0
RETIREMENT OF MINORITY INTEREST 0 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 (229) 0
DIVIDENDS PAID ON COMMON STOCK 0 (72,794) 0
------------- ------------- -------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (228,135) (127,590) 16,931
------------- ------------- -------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (6,625) 9,655 502
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 15,544 2,069 1,830
------------- ------------- -------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 8,919 11,724 2,332
============= ============= =============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0 0
------------- ------------- -------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0 $0
============= ============= =============
Item 10 - Consolidating Statements of Cash Flows
AEP UTILITIES, INC. AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------------------
CSW ENERGY
C3 COMMUNICATIONS SERVICES
INCORPORATED INCORPORATED
-------------------------------------------------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME (LOSS) ($8,107) ($2,714)
PLUS: DISCONTINUED OPERATIONS 0 0
------------- -------------
INCOME FROM CONTINUING OPERATIONS (8,107) (2,714)
------------- -------------
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION AND AMORTIZATION 0 1,166
EXTRAORDINARY LOSS - NET OF TAX 0 0
DEFERRED INCOME TAXES 28,991 (452)
DEFERRED INVESTMENT TAX CREDITS 0 0
PENSION AND POSTEMPLOYMENT BENEFITS RESERVES
CUMULATIVE EFFECT OF ACCOUNTING CHANGES 0 0
ASSET AND INVESTMENT VALUE IMPAIRMENTS AND OTHER RELATED CHARGES 0 0
AMORTIZATION OF DEFERRED PROPERTY TAXES (833) 0
AMORTIZATION OF COOK PLANT RESTART COSTS 0 0
MARK-TO-MARKET OF RISK MANAGEMENT CONTRACTS 0 0
WHOLESALE CAPACITY AUCTION TRUE-UP 0 0
EQUITY (EARNINGS) / LOSS - CONSOLIDATING SUBSIDIARIES 0 0
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET 943 6,354
FUEL, MATERIALS AND SUPPLIES 0 1,502
ACCOUNTS PAYABLE (3,848) (4,827)
INTEREST ACCRUED 0 0
TAXES ACCRUED 4,619 524
FUEL RECOVERY 0 0
CHANGE IN OTHER ASSETS 1,089 (922)
CHANGE IN OTHER LIABILITIES (332) 3,328
------------- -------------
NET CASH FLOWS FROM (USED FOR) OPERATING ACTIVITIES 22,522 3,958
------------- -------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES 0 0
INVESTMENT IN DISCONTINUED OPERATIONS, NET 0 0
INVESTMENT IN SUBSIDIARIES 0 0
PROCEEDS FROM SALE OF ASSETS 0 0
OTHER 0 0
------------- -------------
NET CASH FLOWS FROM (USED FOR) INVESTING ACTIVITIES 0 0
------------- -------------
FINANCING ACTIVITIES
ISSUANCE OF COMMON STOCK 0 0
CAPITAL CONTRIBUTION FROM PARENT 0 0
ISSUANCE OF LONG-TERM DEBT 0 0
CHANGE IN SHORT-TERM DEBT, NET 12,031 6,518
CHANGE IN SHORT-TERM DEBT AFFILIATES 0 0
CHANGE IN ADVANCES FROM AFFILIATES, NET 0 0
RETIREMENT OF LONG-TERM DEBT (35,000) (12,000)
RETIREMENT OF PREFERRED STOCK 0 0
RETIREMENT OF MINORITY INTEREST 0 0
DIVIDENDS PAID ON CUMULATIVE PREFERRED STOCK 0 0
DIVIDENDS PAID ON COMMON STOCK 0 0
------------- -------------
NET CASH FLOWS FROM (USED FOR) FINANCING ACTIVITIES (22,969) (5,482)
------------- -------------
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (447) (1,524)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 505 901
------------- -------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD 58 (623)
============= =============
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS 0 0
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - BEGINNING OF PERIOD 0 0
------------- -------------
CASH AND CASH EQUIVALENTS FROM DISCONTINUED OPERATIONS - END OF PERIOD $0 $0
============= =============
PAGE>
Item 10 - Consolidating Statements of Retained Earnings
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------------
AMERICAN ELECTRIC AMERICAN ELECTRIC AMERICAN ELECTRIC AMERICAN ELECTRIC
DESCRIPTION POWER COMPANY POWER COMPANY POWER POWER SERVICE AEP TEXAS
CONSOLIDATED ELIMINATIONS COMPANY CORPORATION POLR, LLC
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $1,998,738,032.96 ($1,707,389,642.71) $2,002,080,274.40 ($0.01) ($178,504.87)
NET INCOME (LOSS) 109,734,841.36 (231,699,334.10) 106,392,846.17 0.01 (6,429,314.42)
------------------ ------------------- ------------------ ----------------- -------------------
TOTAL 2,108,472,874.32 (1,939,088,976.82) 2,108,473,120.56 (0.01) (6,607,819.30)
------------------ ------------------- ------------------ ----------------- -------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 618,052,809.55 (726,374,634.54) 618,052,809.55 0.00 0.00
PREFERRED STOCK DIVIDENDS (0.00) (4,474,076.85) 0.00 0.00 0.00
OTHER 601,279.87 (125,647,139.08) 601,254.33 (0.01) (0.61)
------------------ ------------------- ------------------ ---------------- ------------------
TOTAL DEDUCTIONS 618,654,089.42 (856,495,850.47) 618,654,063.88 (0.01) (0.61)
------------------ ------------------- ------------------ ----------------- ------------------
------------------ ------------------- ------------------ ---------------- ------------------
BALANCE AT DECEMBER 31, 2003 $1,489,818,784.90 ($1,082,593,126.35) $1,489,819,056.68 $0.01 ($6,607,818.69)
================== =================== ================== ================ ==================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP MONEY AEP GENERATING CENTRAL COAL AEP T&D INDIANA FRANKLIN
POOL COMPANY COMPANY SERVICES, LLC REALTY, INC.
------------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $0.01 $18,163,297.09 $0.02 ($126,675.37) $0.00
NET INCOME (LOSS) 0.02 7,963,595.50 0.01 28,385.59 (0.01)
----------------- ----------------- ----------------- ---------------- -----------------
TOTAL 0.03 26,126,892.59 0.03 (98,289.78) (0.01)
----------------- ----------------- ----------------- ---------------- -----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 0.00 4,686,000.00 0.00 0.00 0.00
PREFERRED STOCK DIVIDENDS 0.00 0.00 0.00 0.00 0.00
OTHER 0.00 0.00 0.00 0.00 0.00
----------------- ----------------- ----------------- ---------------- -----------------
TOTAL DEDUCTIONS 0.00 4,686,000.00 0.00 0.00 0.00
----------------- ----------------- ----------------- ---------------- -----------------
----------------- ----------------- ----------------- ---------------- -----------------
BALANCE AT DECEMBER 31, 2003 $0.03 $21,440,892.59 $0.03 ($98,289.78) ($0.01)
================= ================= ================= ================ =================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
APPALACHIAN POWER COLUMBUS SOUTHERN INDIANA MICHIGAN
DESCRIPTION FRANKLIN REAL COMPANY POWER COMPANY POWER COMPANY KENTUCKY POWER
ESTATE COMPANY CONSOLIDATED CONSOLIDATED CONSOLIDATED COMPANY
------------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $19,968.87 $260,439,456.01 $290,610,579.41 $143,996,166.53 $48,268,596.38
NET INCOME (LOSS) (0.01) 280,039,542.22 200,429,983.53 86,388,224.71 32,330,250.50
----------------- ----------------- ----------------- ---------------- -----------------
TOTAL 19,968.86 540,478,998.23 491,040,562.94 230,384,391.24 80,598,846.88
----------------- ----------------- ----------------- ---------------- -----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 0.00 128,266,309.27 163,243,204.94 40,000,015.97 16,448,263.95
PREFERRED STOCK DIVIDENDS 0.00 1,001,275.90 0.00 2,374,750.98 0.00
OTHER 0.00 2,492,934.17 1,015,380.35 134,311.45 0.00
----------------- ----------------- ----------------- ---------------- -----------------
TOTAL DEDUCTIONS 0.00 131,760,519.34 164,258,585.29 42,509,078.40 16,448,263.95
----------------- ----------------- ----------------- ---------------- -----------------
----------------- ----------------- ----------------- ---------------- -----------------
BALANCE AT DECEMBER 31, 2003 $19,968.86 $408,718,478.89 $326,781,977.65 $187,875,312.84 $64,150,582.93
================= ================= ================= ================ =================
Item 10 - Consolidating Statements of Retained Earnings
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
OHIO POWER
DESCRIPTION KINGSPORT POWER COMPANY WHEELING POWER AEP AEP
COMPANY CONSOLIDATED COMPANY INVESTMENTS, INC. RESOURCES, INC.
---------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $8,379,585.78 $522,316,153.93 $11,902,685.06 ($29,453,975.51) ($781,690,091.62)
NET INCOME (LOSS) 4,728,896.62 375,662,409.52 10,274,992.36 (5,018,453.13) (1,121,423,559.22)
------------------- ---------------- ---------------- ------------------- -------------------
TOTAL 13,108,482.40 897,978,563.45 22,177,677.41 (34,472,428.64) (1,903,113,650.84)
------------------- ---------------- ---------------- ------------------- -------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 4,000,009.20 167,733,845.64 4,000,002.00 0.00 0.00
PREFERRED STOCK DIVIDENDS 0.00 1,098,049.97 0.00 0.00 0.00
OTHER 0.00 0.00 0.00 (0.02) 83,931,654.22
------------------- ---------------- ---------------- ------------------- -------------------
TOTAL DEDUCTIONS 4,000,009.20 168,831,895.62 4,000,002.00 (0.02) 83,931,654.22
------------------- ---------------- ---------------- ------------------- -------------------
------------------- ---------------- ---------------- ------------------- -------------------
BALANCE AT DECEMBER 31, 2003 $9,108,473.19 $729,146,667.84 $18,177,675.41 ($34,472,428.62) ($1,987,045,305.05)
=================== ================ ================ =================== ===================
AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------------------
AEP UTILITIES
DESCRIPTION AEP INCORPORATED AEP C&I AEP DESERT AEP DESERT
COMMUNICATIONS, INC. CONSOLIDATED COMPANY, LLC SKY LP, LLC SKY LP II, LLC
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 ($189,634,901.83) $1,434,527,437.70 $5,383,114.56 $8,139,770.98 ($6,703,265.60)
NET INCOME (LOSS) (3,600,462.92) 375,937,524.17 738,627.04 (595,000.95) 2,856,747.92
------------------- ------------------ ---------------- ------------------- ------------------
TOTAL (193,235,364.75) 1,810,464,961.87 6,121,741.60 7,544,770.03 (3,846,517.68)
------------------- ------------------ ---------------- ------------------- ------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 0.00 183,996,983.57 0.00 0.00 0.00
PREFERRED STOCK DIVIDENDS 0.00 (0.00) 0.00 0.00 0.00
OTHER (4.99) 38,072,857.36 (0.29) 6,703,265.61 (6,703,265.60)
------------------- ------------------ ---------------- ------------------- ------------------
TOTAL DEDUCTIONS (4.99) 222,069,840.93 (0.29) 6,703,265.61 (6,703,265.60)
------------------- ------------------ ---------------- ------------------- ------------------
------------------- ------------------ ---------------- ------------------- ------------------
BALANCE AT DECEMBER 31, 2003 ($193,235,359.76) $1,588,395,120.94 $6,121,741.90 $841,504.42 $2,856,747.92
=================== ================== ================ =================== ==================
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEP POWER MUTUAL
AEP COAL, INC MARKETING, INC AEP PRO SERV, INC ENERGY LLC
------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 ($38,012,552.02) ($539.27) $4,586,179.10 ($6,885,084.04)
NET INCOME (LOSS) (41,382,028.50) 14,639,720.26 (6,361,406.76) 27,832,655.25
------------------- ---------------- ---------------- -------------------
TOTAL (79,394,580.52) 14,639,180.99 (1,775,227.66) 20,947,571.21
------------------- ---------------- ---------------- -------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 0.00 0.00 0.00 14,000,000.00
PREFERRED STOCK DIVIDENDS 0.00 0.00 0.00 0.00
OTHER 0.00 0.00 33.00 (0.00)
------------------- ---------------- ---------------- -------------------
TOTAL DEDUCTIONS 0.00 0.00 33.00 14,000,000.00
------------------- ---------------- ---------------- -------------------
------------------- ---------------- ---------------- -------------------
BALANCE AT DECEMBER 31, 2003 ($79,394,580.52) $14,639,180.99 ($1,775,260.67) $6,947,571.21
=================== ================ ================ ===================
Item 10 - Consolidating Statements of Retained Earnings
AEP UTILITIES, INCORPORATED AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------------------
AEP UTILITIES AEP UTILITIES
DESCRIPTION INCORPORATED INCORPORATED AEP UTILITIES AEP CREDIT ENERSHOP
CONSOLIDATED ELIMINATIONS INCORPORATED INCORPORATED INCORPORATED
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $1,434,527,437.70 ($972,441,952.54) $1,434,527,435.74 $0.00 ($19,852,749.72)
NET INCOME (LOSS) 375,937,524.17 (393,272,790.51) 375,937,524.29 4,355,644.36 (984,763.46)
----------------- ------------------ ------------------ ---------------- -----------------
TOTAL 1,810,464,961.87 (1,365,714,743.05) 1,810,464,960.03 4,355,644.36 (20,837,513.18)
----------------- ----------------- ------------------ ---------------- -----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 183,996,983.57 (227,619,576.58) 183,996,983.57 0.00 (984,763.46)
PREFERRED STOCK DIVIDENDS (0.00) (786,804.57) 0.00 0.00 0.00
OTHER 38,072,857.36 59,700,612.95 38,072,855.40 4,355,644.37 (19,852,749.72)
----------------- ----------------- ------------------ ---------------- -----------------
TOTAL DEDUCTIONS 222,069,840.93 (168,705,768.20) 222,069,838.97 4,355,644.37 (20,837,513.18)
----------------- ----------------- ------------------ ---------------- -----------------
----------------- ------------------- ------------------ ---------------- -----------------
BALANCE AT DECEMBER 31, 2003 $1,588,395,120.94 ($1,197,008,974.85) $1,588,395,121.06 ($0.00) ($0.00)
================= =================== ================== ================ =================
AEP UTILITIES, INCORPORATED AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-----------------------------------------------------------------------------------------------------------------------------------
PUBLIC SERVICE
AEP TEXAS CENTRAL COMPANY OF AEP TEXAS NORTH
DESCRIPTION CSW LEASING COMPANY OKLAHOMA COMPANY CSW ENERGY
INCORPORATED CONSOLIDATED CONSOLIDATED CONSOLIDATED INCORPORATED
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 ($44,711,370.12) $986,395,393.85 $116,476,481.36 $71,942,097.47 ($51,388,235.11)
NET INCOME (LOSS) (127.60) 217,669,247.67 53,890,350.31 58,556,940.79 (43,718,785.27)
----------------- ----------------- ---------------- ---------------- -----------------
TOTAL (44,711,497.72) 1,204,064,641.52 170,366,831.68 130,499,038.25 (95,107,020.38)
----------------- ----------------- ---------------- ---------------- -----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 37,942.30 120,801,410.04 29,999,950.76 4,970,439.94 0.00
PREFERRED STOCK DIVIDENDS 0.00 241,143.84 212,606.61 104,044.56 0.00
OTHER (44,749,440.02) (480.15) 549,919.65 (4,053.72) 903.11
----------------- ----------------- ---------------- ---------------- -----------------
TOTAL DEDUCTIONS (44,711,497.72) 121,042,073.73 30,762,477.02 5,070,430.78 903.11
----------------- ----------------- ---------------- ---------------- -----------------
----------------- ----------------- ---------------- ---------------- -----------------
BALANCE AT DECEMBER 31, 2003 ($0.00) $1,083,022,567.79 $139,604,354.66 $125,428,607.47 ($95,107,923.49)
================= ================= ================ ================ =================
AEP UTILITIES, INCORPORATED AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
--------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN
ELECTRIC POWER CSW ENERGY
DESCRIPTION COMPANY CSW INTERNATIONAL C3 COMMUNICATIONS SERVICES
CONSOLIDATED INCORPORATED INCORPORATED INCORPORATED
--------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $334,788,640.33 ($184,723,912.22) ($177,582,649.10) ($58,901,742.24)
NET INCOME (LOSS) 98,141,354.11 16,183,840.10 (8,107,343.05) (2,713,567.56)
----------------- ----------------- ---------------- ----------------
TOTAL 432,929,994.44 (168,540,072.12) (185,689,992.15) (61,615,309.80)
----------------- ----------------- ---------------- ----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 72,794,597.00 0.00 0.00 0.00
PREFERRED STOCK DIVIDENDS 229,009.56 0.00 0.00 0.00
OTHER (354.51) 0.00 0.00 0.00
----------------- ----------------- ---------------- ----------------
TOTAL DEDUCTIONS 73,023,252.05 0.00 0.00 0.00
----------------- ----------------- ---------------- ----------------
----------------- ----------------- ---------------- ----------------
BALANCE AT DECEMBER 31, 2003 $359,906,742.39 ($168,540,072.12) ($185,689,992.15) ($61,615,309.80)
================= ================= ================ ================
Item 10 - Consolidating Statements of Retained Earnings
AEP TEXAS CENTRAL COMPANY AND SUBSIDIARY
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
---------------------------------------------------------------------------------------------------------------------------------
AEP TEXAS CENTRAL AEP TEXAS CENTRAL AEP TEXAS CENTRAL
DESCRIPTION COMPANY COMPANY AEP TEXAS CENTRAL COMPANY
CONSOLIDATED ELIMINATIONS COMPANY SEC
---------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $986,395,393.85 $0.00 $0.00 $986,395,393.85
NET INCOME (LOSS) 217,669,247.67 (79,566.86) 217,669,247.67 79,566.86
------------------ ------------------- ------------------- -------------------
TOTAL 1,204,064,641.52 (79,566.86) 217,669,247.67 986,474,960.71
------------------ ------------------- ------------------- -------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 120,801,410.04 0.00 120,801,410.04 0.00
PREFERRED STOCK DIVIDENDS 241,143.84 0.00 241,143.84 0.00
CAPITAL STOCK EXPENSE (480.15) 0.00 (986,395,874.00) 986,395,393.85
------------------ ------------------- ------------------- -------------------
TOTAL DEDUCTIONS 121,042,073.73 0.00 (865,353,320.12) 986,395,393.85
------------------ ------------------- ------------------- -------------------
------------------ ------------------- ------------------- -------------------
BALANCE AT DECEMBER 31, 2003 $1,083,022,567.79 ($79,566.86) $1,083,022,567.79 $79,566.86
================== =================== =================== ===================
APPALACHIAN POWER COMPANY AND SUBSIDIARIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------
APPALACHIAN POWER APPALACHIAN POWER
DESCRIPTION COMPANY COMPANY APPALACHIAN POWER
CONSOLIDATED ELIMINATIONS COMPANY
------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $260,439,456.01 ($1,605,534.20) $260,439,456.01
NET INCOME (LOSS) 280,039,542.22 (1,566,697.76) 280,039,542.20
------------------ ------------------- -------------------
TOTAL 540,478,998.23 (3,172,231.96) 540,478,998.21
------------------ ------------------- -------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 128,266,309.27 0.00 128,266,309.27
PREFERRED STOCK DIVIDENDS 1,001,275.90 0.00 1,001,275.90
CAPITAL STOCK EXPENSE 2,492,934.17 (0.00) 2,492,934.17
------------------ ------------------- -------------------
TOTAL DEDUCTIONS 131,760,519.34 (0.00) 131,760,519.34
------------------ ------------------- -------------------
------------------ ------------------- -------------------
BALANCE AT DECEMBER 31, 2003 $408,718,478.89 ($3,172,231.96) $408,718,478.87
================== =================== ===================
APPALACHIAN POWER COMPANY AND SUBSIDIARIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------
CENTRAL SOUTHERN
DESCRIPTION APPALACHIAN APPALACHIAN CEDAR COAL
COAL COMPANY COAL COMPANY COMPANY
------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $313,168.99 $1,419,656.00 ($127,290.80)
NET INCOME (LOSS) 115,577.01 445,241.01 1,005,879.76
------------------ ------------------- -------------------
TOTAL 428,746.01 1,864,897.01 878,588.96
------------------ ------------------- -------------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 0.00 0.00 0.00
PREFERRED STOCK DIVIDENDS 0.00 0.00 0.00
CAPITAL STOCK EXPENSE 0.00 0.00 0.00
------------------ ------------------- -------------------
TOTAL DEDUCTIONS 0.00 0.00 0.00
------------------ ------------------- -------------------
------------------ ------------------- -------------------
BALANCE AT DECEMBER 31, 2003 $428,746.01 $1,864,897.01 $878,588.96
================== =================== ===================
Item 10 - Consolidating Statements of Retained Earnings
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------
COLUMBUS SOUTHERN COLUMBUS SOUTHERN
DESCRIPTION POWER COMPANY POWER COMPANY COLUMBUS SOUTHERN
CONSOLIDATED ELIMINATIONS POWER COMPANY
-------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $290,610,579.41 ($3,400,134.19) $290,610,579.42
NET INCOME (LOSS) 200,429,983.53 (1,073,012.97) 200,429,983.25
---------------- ---------------- ----------------
TOTAL 491,040,562.94 (4,473,147.16) 491,040,562.68
---------------- ---------------- ----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 163,243,204.94 0.00 163,243,204.94
CAPITAL STOCK EXPENSE 1,015,380.35 (0.01) 1,015,380.36
---------------- ---------------- ----------------
TOTAL DEDUCTIONS 164,258,585.29 (0.01) 164,258,585.30
---------------- ---------------- ----------------
---------------- ---------------- ----------------
BALANCE AT DECEMBER 31, 2003 $326,781,977.65 ($4,473,147.15) $326,781,977.38
================ ================ ================
COLUMBUS SOUTHERN POWER COMPANY AND SUBSIDIARIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------------------------------
CONESVILLE COAL
DESCRIPTION SIMCO COLOMET PREPARATION
INCORPORATED INCORPORATED COMPANY
-------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $144,231.34 $2,085,919.84 $1,169,983.00
NET INCOME (LOSS) 75,789.61 927,223.64 70,000.00
---------------- ---------------- ----------------
TOTAL 220,020.95 3,013,143.48 1,239,982.99
---------------- ---------------- ----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 0.00 0.00 0.00
CAPITAL STOCK EXPENSE 0.00 0.00 0.00
---------------- ---------------- ----------------
TOTAL DEDUCTIONS 0.00 0.00 0.00
---------------- ---------------- ----------------
---------------- ---------------- ----------------
BALANCE AT DECEMBER 31, 2003 $220,020.95 $3,013,143.48 $1,239,982.99
================ ================ ================
INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------------------
INDIANA MICHIGAN INDIANA MICHIGAN
DESCRIPTION POWER COMPANY POWER COMPANY INDIANA MICHIGAN PRICE RIVER BLACKHAWK
CONSOLIDATED ELIMINATIONS POWER COMPANY COAL COMPANY COAL COMPANY
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $143,996,166.53 ($9,329,674.83) $143,996,166.52 $0.00 $9,329,674.85
NET INCOME (LOSS) 86,388,224.71 6,406,054.33 86,388,224.68 0.00 (6,406,054.30)
---------------- ---------------- ---------------- ---------------- ----------------
TOTAL 230,384,391.24 (2,923,620.50) 230,384,391.20 0.00 2,923,620.54
---------------- ---------------- ---------------- ---------------- ----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 40,000,015.97 0.00 40,000,015.97 0.00 0.00
PREFERRED STOCK DIVIDENDS 2,374,750.98 0.00 2,374,750.98 0.00 0.00
CAPITAL STOCK EXPENSE 134,311.45 0.02 134,311.44 0.00 0.00
---------------- ---------------- ---------------- ---------------- ----------------
TOTAL DEDUCTIONS 42,509,078.40 0.02 42,509,078.39 0.00 0.00
---------------- ---------------- ---------------- ---------------- ----------------
---------------- ---------------- ---------------- ---------------- ----------------
BALANCE AT DECEMBER 31, 2003 $187,875,312.84 ($2,923,620.52) $187,875,312.81 $0.00 $2,923,620.54
================ ================ ================ ================ ================
Item 10 - Consolidating Statements of Retained Earnings
OHIO POWER COMPANY CONSOLIDATED
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
----------------------------------------------------------------------------------------------------------------------------
OHIO POWER OHIO POWER
DESCRIPTION COMPANY COMPANY OHIO POWER
CONSOLIDATED ELIMINATIONS COMPANY JMG FUNDING LP
----------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $522,316,153.93 $0.00 $522,316,153.93 $0.00
NET INCOME (LOSS) 375,662,409.52 0.00 375,662,409.52 0.00
----------------- ---------------- ----------------- ----------------
TOTAL 897,978,563.45 0.00 897,978,563.45 0.00
----------------- ---------------- ----------------- ----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 167,733,845.64 0.00 167,733,845.64 0.00
PREFERRED STOCK DIVIDENDS 1,098,049.97 0.00 1,098,049.97 0.00
----------------- ---------------- ----------------- ----------------
TOTAL DEDUCTIONS 168,831,895.61 0.00 168,831,895.61 0.00
----------------- ---------------- ----------------- ----------------
----------------- ---------------- ----------------- ----------------
BALANCE AT DECEMBER 31, 2003 $729,146,667.84 $0.00 $729,146,667.84 $0.00
================= ================ ================= ================
SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
Note - Totals and subtotals may be off due to rounding
------------------------------------------------------------------------------------------------------------------------------------
SOUTHWESTERN SOUTHWESTERN
ELECTRIC POWER ELECTRIC POWER SOUTHWESTERN
DESCRIPTION COMPANY COMPANY ELECTRIC POWER DOLET HILLS SABINE MINING
CONSOLIDATED ELIMINATIONS COMPANY LIGNITE COMPANY COMPANY
------------------------------------------------------------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $334,788,640.33 ($1,316,742.00) $334,788,640.34 $1,316,741.99 $0.00
NET INCOME (LOSS) 98,141,354.11 (2,861,477.22) 98,141,354.10 1,362,023.02 1,499,454.22
----------------- ---------------- ----------------- ---------------- -----------------
TOTAL 432,929,994.44 (4,178,219.22) 432,929,994.43 2,678,765.01 1,499,454.22
----------------- ---------------- ----------------- ---------------- -----------------
DEDUCTIONS:
COMMON STOCK DIVIDENDS 72,794,597.00 (5,530,507.48) 72,794,597.00 1,990,610.92 3,539,896.56
PREFERRED STOCK DIVIDENDS 229,009.56 0.00 229,009.56 0.00 0.00
CAPITAL STOCK EXPENSE (354.51) 4,071,632.94 (354.50) 0.00 (4,071,632.95)
----------------- ---------------- ----------------- ---------------- -----------------
TOTAL DEDUCTIONS 73,023,252.05 (1,458,874.54) 73,023,252.06 1,990,610.92 (531,736.39)
----------------- ---------------- ----------------- ---------------- -----------------
----------------- ---------------- ----------------- ---------------- -----------------
BALANCE AT DECEMBER 31, 2003 $359,906,742.39 ($2,719,344.68) $359,906,742.37 $688,154.09 $2,031,190.61
================= ================ ================= ================ =================
Notes to Consolidating Financial Statements
Notes to financial statements are incorporated herein by reference to the 2003
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.
Item 10 - Financial Statements of Subsidiares Not Consolidated
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF INCOME
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
(UNAUDITED)
--------------------------------------------------------------------------------
OHIO VALLEY
ELECTRIC
DESCRIPTION CORPORATION
--------------------------------------------------------------------------------
OPERATING REVENUES $453,903
-----------------------
OPERATING EXPENSES
FUEL FOR ELECTRIC GENERATION 81,424
PURCHASED ELECTRICITY FOR RESALE 220,718
OTHER OPERATION 93,126
MAINTENANCE 22,801
DEPRECIATION 4,185
TAXES OTHER THAN FEDERAL INCOME TAXES 835
FEDERAL INCOME TAXES 1,544
-----------------------
TOTAL OPERATING EXPENSES 424,633
-----------------------
OPERATING INCOME 29,270
NONOPERATING INCOME (LOSS) (322)
-----------------------
INCOME BEFORE INTEREST CHARGES 28,948
NET INTEREST CHARGES 27,096
-----------------------
NET INCOME $1,852
=======================
OHIO VALLEY ELECTRIC COMPANY
STATEMENT OF RETAINED EARNINGS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
(UNAUDITED)
Note - Totals and subtotals may be off due to rounding
-------------------------------------------------------------------------------
OHIO VALLEY
ELECTRIC
DESCRIPTION CORPORATION
-------------------------------------------------------------------------------
BALANCE AT DECEMBER 31, 2002 $1,888
NET INCOME 1,852
CASH DIVIDENDS DECLARED 1,800
-----------------------
BALANCE AT DECEMBER 31, 2003 $1,940
=======================
Item 10 - Financial Statements of Subsidiares Not Consolidated
OHIO VALLEY ELECTRIC CORPORATION
BALANCE SHEET
DECEMBER 31, 2003
(IN THOUSANDS)
(UNAUDITED)
-------------------------------------------------------------------------------
OHIO VALLEY
ELECTRIC
DESCRIPTION CORPORATION
-------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS $11,656
ACCOUNTS RECEIVABLE 117,422
COAL IN STORAGE - AT AVERAGE COST 9,424
MATERIALS & SUPPLIES - AT AVERAGE COST 8,685
PREPAYMENTS AND OTHER 3,989
----------------------------
TOTAL CURRENT ASSETS 151,176
----------------------------
ELECTRIC UTILITY PLANT
TOTAL ELECTRIC UTILITY PLANT 505,084
ACCUMULATED DEPRECIATION AND AMORTIZATION (311,990)
----------------------------
193,094
CONSTRUCTION WORK IN PROGRESS 13,886
----------------------------
ELECTRIC UTILITY PLANT - NET 206,980
----------------------------
INVESTMENTS AND OTHER 167,020
REGULATORY ASSETS 42,028
DEFERRED CHARGES 23,469
TOTAL ASSETS $590,673
============================
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
SHORT-TERM DEBT $50,000
ACCOUNTS PAYABLE 40,612
TAXES ACCRUED 29,478
INTEREST ACCRUED AND OTHER 10,565
----------------------------
TOTAL CURRENT LIABILITIES 130,655
----------------------------
REGULATORY LIABILITIES 41,816
DEFERRED CREDITS 41,262
LONG-TERM DEBT 365,000
COMMON STOCK 10,000
RETAINED EARNINGS 1,940
----------------------------
COMMON SHAREHOLDER'S EQUITY 11,940
----------------------------
TOTAL CAPITALIZATION AND LIABILITIES $590,673
============================
Item 10 - Financial Statements of Subsidiares Not Consolidated
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED DECEMBER 31, 2003
(IN THOUSANDS)
(UNAUDITED)
-----------------------------------------------------------------------------
OHIO VALLEY
ELECTRIC
DESCRIPTION CORPORATION
-----------------------------------------------------------------------------
OPERATING ACTIVITIES
NET INCOME $1,852
ADJUSTMENTS FOR NONCASH ITEMS
DEPRECIATION 4,185
AMORTIZATION OF DEBT EXPENSE 5,617
DEFERRED TAXES (27,116)
DEFERRED INVESTMENT TAX CREDITS (7,217)
CHANGES IN CERTAIN CURRENT ASSETS AND LIABILITIES
ACCOUNTS RECEIVABLE, NET (92,286)
FUEL, MATERIALS AND SUPPLIES 8,047
ACCOUNTS PAYABLE 16,632
TAXES ACCRUED 16,115
OTHER ( NET) 65,517
-------------------
NET CASH FLOWS FROM OPERATING ACTIVITIES (8,654)
-------------------
INVESTING ACTIVITIES
CONSTRUCTION EXPENDITURES (46,197)
ADVANCES TO SUBSIDIARIES FOR CONSTRUCTION (11,816)
-------------------
NET CASH FLOWS USED FOR INVESTING ACTIVITIES (58,013)
-------------------
FINANCING ACTIVITIES
ISSUANCE OF LONG-TERM DEBT 56,772
RETIREMENT OF LONG-TERM DEBT (27,734)
CHANGES IN SHORT-TERM DEBT 40,000
DIVIDENDS PAID ON COMMON STOCK (1,800)
-------------------
NET CASH USED FOR FINANCING ACTIVITIES 67,238
-------------------
NET DECREASE IN CASH AND CASH EQUIVALENTS 571
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 11,085
-------------------
CASH AND CASH EQUIVALENTS AT END OF PERIOD $11,656
===================
EXHIBIT A - 10-K FILE REFERENCES - AEP REGISTRANT COMPANIES
-----------------------------------------------------------
Incorporation by Reference
Form 10K
Annual Report
Year File Number
---- -----------
AEP 2003 1-3525
AEGCo 2003 0-18135
APCo 2003 1-3457
TCC 2003 0-346
TNC 2003 0-340
CSP 2003 1-2680
I&M 2003 1-3570
KPCo 2003 1-6858
OPCo 2003 1-6543
PSO 2003 0-343
SWEPCo 2003 1-3146
EXHIBITS B&C - 10-K EXHIBIT INDEX
---------------------------------
EXHIBIT INDEX
Certain of the following exhibits, designated with an asterisk (*), are filed
herewith. The exhibits not so designated have heretofore 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. Exhibits, designated with a dagger (+), are
management contracts or compensatory plans or arrangements required to be filed
as an Exhibit to this Form pursuant to Item 14(c) of this report.
Exhibit Number Description
AEGCo
3(a) -- 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 (amended as of
June 15, 2000) [Annual Report on Form 10-K of AEGCo for the
fiscal year ended December 31, 2000, File No. 0-18135, Exhibit
3(b)].
10(a) -- Capital Funds Agreement dated as of December 30, 1988
between AEGCo and AEP [Registration Statement No. 33-32752,
Exhibit 28(a)].
10(b)(1) -- 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) -- Unit Power Agreement, dated as of August 1, 1984, among
AEGCo, I&M and KPCo [Registration Statement No. 33-32752,
Exhibit 28(b)(2)].
10(c) -- 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 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
AEP++
3(a) -- Restated Certificate of Incorporation of AEP, dated October
29, 1997 [Quarterly Report on Form 10-Q of AEP for the quarter
ended September 30, 1997, File No. 1-3525, Exhibit 3(a)].
3(b) -- Certificate of Amendment of the Restated Certificate of
Incorporation of AEP, dated January 13, 1999 [Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 1998,
File No. 1-3525, Exhibit 3(b)].
3(c) -- Composite of the Restated Certificate of Incorporation of
AEP, as amended [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1998, File No. 1-3525, Exhibit
3(c)].
*3(d) -- By-Laws of AEP, as amended through December 15, 2003.
4(a) -- Indenture (for unsecured debt securities), dated as of May 1,
2001, between AEP and The Bank of New York, as Trustee
[Registration Statement No. 333-86050, Exhibits 4(a), 4(b) and
4(c); Registration Statement No. 333-105532, Exhibits 4(d),
and 4(e) and 4(f)].
4(b) -- Forward Purchase Contract Agreement, dated as of June 11,
2002, between AEP and The Bank of New York, as Forward
Purchase Contract Agent [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 2002, File No. 1-3525,
Exhibit 4(c)].
10(a) -- Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KPCo, OPCo and I&M and with AEPSC, 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) -- Restated and Amended Operating Agreement, dated as of
January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 2002, File No. 1-3525; Exhibit 10(b)].
10(c) -- Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KPCo, OPCo and with AEPSC 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) -- Transmission Coordination Agreement, dated October 29,
1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 2002,
File No. 1-3525; Exhibit 10(d)].
10(e) -- 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(f) -- 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)].
10(g) -- Modification No. 1 to the AEP System Interim Allowance
Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo,
OPCo and AEPSC [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1996, File No. 1-3525, Exhibit
10(l)].
10(h)(1) -- Agreement and Plan of Merger, dated as of December 21,
1997, by and among American Electric Power Company, Inc.,
Augusta Acquisition Corporation and Central and South West
Corporation [Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)].
10(h)(2) -- Amendment No. 1, dated as of December 31, 1999, to the
Agreement and Plan of Merger [Current Report on Form 8-K of
AEP dated December 15, 1999, File No. 1-3525, Exhibit 10].
+10(i)(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(i)(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(j) -- 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(k)(1) -- AEP Deferred Compensation and Stock Plan for Non-Employee
Directors, as amended December 10, 2003.
*+10(k)(2) -- AEP Stock Unit Accumulation Plan for Non-Employee
Directors, as amended December 10, 2003.
+10(l)(1)(A) -- AEP System Excess Benefit Plan, Amended and Restated as of
January 1, 2001 [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 2000, File No. 1-3525, Exhibit
10(j)(1)(A)].
+10(l)(1)(B) -- Guaranty by AEP of AEPSC 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(l)(1)(C) -- First Amendment to AEP System Excess Benefit Plan, dated as
of March 5, 2003 [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 2002, File No. 1-3525; Exhibit
10(1)(1)(c)].
*+10(l)(2) -- AEP System Supplemental Retirement Savings Plan, Amended
and Restated as of January 1, 2003 (Non-Qualified)
+10(l)(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(m)(1) -- Employment Agreement between AEP, AEPSC and Michael G.
Morris dated December 15, 2003.
+10(m)(2) -- Memorandum of agreement between Susan Tomasky and AEPSC
dated January 3, 2001 [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 2000, File No. 1-3525,
Exhibit 10(s)].
+10(m)(3) -- Letter Agreement dated June 23, 2000 between AEPSC and
Holly K. Koeppel [Annual Report on Form 10-K of AEP for the
Fiscal year ended December 31, 2002, File No. 1-3525; Exhibit
10(m)(3)(A)].
+10(m)(4) -- Employment Agreement dated July 29, 1998 between AEPSC and
Robert P. Powers [Annual Report on Form 10-K of AEP for the
Fiscal year ended December 31, 2002, File No. 1-3525; Exhibit
10(m)(4)].
+10(n) -- AEP System Senior Officer Annual Incentive Compensation
Plan [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1996, File No. 1-3525, Exhibit 10(i)(1)].
+10(o)(1) -- AEP System Survivor Benefit Plan, effective January 27,
1998 [Quarterly Report on Form 10-Q of AEP for the quarter
ended September 30, 1998, File No. 1-3525, Exhibit 10].
+10(o)(2) -- First Amendment to AEP System Survivor Benefit Plan, as
amended and restated effective January 31, 2000 [Annual Report
on Form 10-K of AEP for the fiscal year ended December 31,
2002, File No. 1-3525; Exhibit 10(o)(2)].
+10(p) -- AEP Senior Executive Severance Plan for Merger with Central
and South West Corporation, effective March 1, 1999 [Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 1998, File No. 1-3525, Exhibit 10(o)].
*+10(q)(1) -- AEP System Incentive Compensation Deferral Plan Amended and
Restated as of January 1, 2003.
+10(r) -- AEP System Nuclear Performance Long Term Incentive
Compensation Plan dated August 1, 1998 [Annual Report on Form
10-K of AEP for the fiscal year ended December 31, 2002, file
No. 1-3525; Exhibit 10(r)].
+10(s) -- Nuclear Key Contributor Retention Plan dated May 1, 2000
[Annual Report on Form 10-K of AEP for the Fiscal year ended
December 31, 2002, File No. 1-3525; Exhibit 10(s)].
+10(t) -- AEP Change In Control Agreement [Annual Report on Form 10-K
of AEP for the fiscal year ended December 31, 2001, File No.
1-3525, Exhibit 10(o)].
*+10(u) -- AEP System 2000 Long-Term Incentive Plan, as amended
December 10, 2003.
+10(v)(1) -- Central and South West System Special Executive Retirement
Plan as amended and restated effective July 1, 1997 [Annual
Report on Form 10-K of CSW for the fiscal year ended December
31, 1998, File No. 1-1443, Exhibit 18].
+10(v)(2) -- Certified CSW Board Resolution of April 18, 1991 [Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 2001, File No. 1-3525, Exhibit 10(r)(2)].
*+10(v)(3) -- Certified AEP Utilities, Inc. (formerly CSW) Board
Resolutions of July 16, 1996.
+10(v)(4) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW,
March 13, 1992].
+10(v)(5) -- Central and South West Corporation Executive Deferred
Savings Plan as amended and restated effective as of January
1, 1997 [Annual Report on Form 10-K of CSW for the fiscal year
ended December 31, 1998, File No. 1-1443, Exhibit 24].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the AEP 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
*21 -- List of subsidiaries of AEP.
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
APCo++
3(a) -- 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) -- 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) -- Articles of Amendment to the Restated Articles of
Incorporation of APCo, dated March 6, 1997 [Annual Report on
Form 10-K of APCo for the fiscal year ended December 31, 1996,
File No. 1-3457, Exhibit 3(c)].
3(d) -- Composite of the Restated Articles of Incorporation of APCo
(amended as of March 7, 1997) [Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1996, File No.
1-3457, Exhibit 3(d)].
3(e) -- By-Laws of APCo (amended as of October 24, 2001) [Annual
Report on Form 10-K of APCo for the fiscal year ended December
31, 2001, File No. 1-3457, Exhibit 3(e)].
4(a) -- 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); Registration Statement No. 333-20305, Exhibits 4(b)
and 4(c); Annual Report on Form 10-K of APCo for the fiscal
year ended December 31, 1996, File No. 1-3457, Exhibit 4(b);
Annual Report on Form 10-K of APCo for the fiscal year ended
December 31, 1998, File No. 1-3457, Exhibit 4(b)].
4(b) -- Indenture (for unsecured debt securities), dated as of January
1, 1998, between APCo and The Bank of New York, As Trustee
[Registration Statement No. 333-45927, Exhibit 4(a);
Registration Statement No. 333-49071, Exhibit 4(b);
Registration Statement No. 333-84061, Exhibits 4(b) and
4(c); Annual Report on Form 10-K of APCo for the fiscal year
ended December 31, 1999, File No. 1-3457, Exhibit 4(c);
Registration Statement No. 333-81402, Exhibits 4(b), 4(c) and
4(d); Registration Statement No. 333-100451, Exhibit 4(b); and
Annual Report on Form 10-K of APCo for fiscal year ended
December 31, 2002, File 1-3457, Exhibit 4(c)].
*4(c) -- Company Order and Officer's Certificate, dated May 5, 2003,
establishing terms of 3.60% Senior Notes, Series G, due 2008
and 5.95% Senior Notes, Series H, due 2033.
10(a)(1) -- 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) -- 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) -- 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) -- Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KPCo, OPCo and I&M and with AEPSC, 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) -- Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KPCo, OPCo and with AEPSC 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) -- Modification No. 1 to the AEP System Interim Allowance
Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo,
OPCo and AEPSC [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1996, File No. 1-3525, Exhibit
10(l)].
10(e)(1) -- Agreement and Plan of Merger, dated as of December 21,
1997, By and Among American Electric Power Company, Inc.,
Augusta Acquisition Corporation and Central and South West
Corporation [Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)].
10(e)(2) -- Amendment No. 1, dated as of December 31, 1999, to the
Agreement and Plan of Merger [Current Report on Form 8-K of
APCo dated December 15, 1999, File No. 1-3457, Exhibit 10].
+10(f)(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(f)(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(g) -- AEP System Senior Officer Annual Incentive Compensation
Plan [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1996, File No. 1-3525, Exhibit 10(i)(1)].
+10(h)(1)(A) -- AEP System Excess Benefit Plan, Amended and Restated as of
January 1, 2001 [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 2000, File No. 1-3525, Exhibit
10(j)(1)(A)].
+10(h)(1)(B) -- First Amendment to AEP System Excess Benefit Plan, dated as
of March 5, 2003 [Annual Report on Form 10-K of APCo for the
fiscal year ended December 31, 2002, File No. 1-3457; Exhibit
10(h)(1)(B)].
*+10(h)(2) -- AEP System Supplemental Retirement Savings Plan, Amended
and Restated as of January 1, 2003 (Non-Qualified).
+10(h)(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(i)(1) -- Employment Agreement between AEP, AEPSC and Michael G.
Morris dated December 15, 2003.
+10(i)(2) -- Memorandum of agreement between Susan Tomasky and AEPSC
dated January 3, 2001 [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 2000, File No. 1-3525,
Exhibit 10(s)].
+10(i)(3) -- Employment Agreement dated July 29, 1998 between AEPSC and
Robert P. Powers [Annual Report on Form 10-K of APCo for the
fiscal year ended December 31, 2002, File No. 1-3457; Exhibit
10(i)(3)].
+10(j)(1) -- AEP System Survivor Benefit Plan, effective January 27,
1998 [Quarterly Report on Form 10-Q of AEP for the quarter
ended September 30, 1998, File No. 1-3525, Exhibit 10].
+10(j)(2) -- First Amendment to AEP System Survivor Benefit Plan, as
amended and restated effective January 31, 2000 [Annual Report
on Form 10-K of APCo for the fiscal year ended December 31,
2002, File No. 1-3457; Exhibit 10(j)(2)].
+10(k) -- AEP Senior Executive Severance Plan for Merger with Central
and South West Corporation, effective March 1, 1999[Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 1998, File No. 1-3525, Exhibit 10(o)].
+10(l) -- AEP Change In Control Agreement [Annual Report on Form 10-K
of AEP for the fiscal year ended December 31, 2001, File No.
1-3525, Exhibit 10(o)].
*+10(m) -- AEP System 2000 Long-Term Incentive Plan, as amended
December 10, 2003.
+10(n)(1) -- Central and South West System Special Executive Retirement
Plan as amended and restated effective July 1, 1997 [Annual
Report on Form 10-K of CSW for the fiscal year ended December
31, 1998, File No. 1-1443, Exhibit 18].
+10(n)(2) -- Certified CSW Board Resolution of April 18, 1991 [Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 2001, File No. 1-3525, Exhibit 10(r)(2)].
*+10(n)(3) -- Certified AEP Utilities, Inc. (formerly CSW) Board
Resolutions of July 16, 1996.
+10(n)(4) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW,
March 13, 1992].
*+10(o)(1) -- AEP System Incentive Compensation Deferral Plan Amended and
Restated as of January 1, 2003.
+10(p) -- AEP System Nuclear Performance Long Term Incentive
Compensation Plan dated August 1, 1998 [Annual Report on Form
10-K of APCo for the fiscal year ended December 31, 2002, file
No. 1-3457; Exhibit 10(p)].
+10(q) -- Nuclear Key Contributor Retention Plan dated May 1, 2000
[Annual Report on Form 10-K of APCo for the fiscal year ended
December 31, 2002, File No. 1-3457; Exhibit 10(q)].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the APCo 2003 Annual Report (for
the fiscal year ended December 31, 2003) 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, 2003, File No.
1-3525, Exhibit 21].
*23 -- Consent of Deloitte & Touche LLP
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
CSPCo++
3(a) -- Amended Articles of Incorporation of CSPCo, as amended to
March 6, 1992 [Registration Statement No. 33-53377, Exhibit
4(a)].
3(b) -- 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 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) -- 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) -- 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)].
4(b) -- Indenture (for unsecured debt securities), dated as of
September 1, 1997, between CSPCo and Bankers Trust Company, as
Trustee [Registration Statement No. 333-54025, Exhibits 4(a),
4(b), 4(c) and 4(d); Annual Report on Form 10-K of CSPCo for
the fiscal year ended December 31, 1998, File No. 1-2680,
Exhibits 4(c) and 4(d)].
*4(c) -- First Supplemental Indenture between CSPCo and Deutsche
Bank Trust Company Americas, as Trustee, dated November 25,
2003, establishing terms of 4.40% Senior Notes, Series E, due
2010.
*4(d) -- Indenture (for unsecured debt securities), dated as of
February 1, 2003, between CSPCo and Bank One, N.A., as Trustee
*4(e) -- First Supplemental Indenture, dated as of February 1, 2003,
between CSPCo and Bank One, N.A., as trustee, establishing the
terms of 5.50% Senior Notes, Series A, due 2013 and 5.50%
Senior Notes, Series C, due 2013.
*4(f) -- Second Supplemental Indenture, dated as of February 1,
2003, between CSPCo and Bank One, N.A. establishing the terms
of 6.60% Senior Notes, Series B, due 2033 and 6.60% Senior
Notes, Series D, due 2033.
10(a)(1) -- 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) -- 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) -- 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) -- Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KPCo, OPCo and I&M and AEPSC, 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) -- Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KPCo, OPCo, and with AEPSC 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) -- Modification No. 1 to the AEP System Interim Allowance
Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo,
OPCo and AEPSC [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1996, File No. 1-3525, Exhibit
10(l)].
10(e)(1) -- Agreement and Plan of Merger, dated as of December 21,
1997, By and Among American Electric Power Company, Inc.,
Augusta Acquisition Corporation and Central and South West
Corporation [Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)].
10(e)(2) -- Amendment No. 1, dated as of December 31, 1999, to the
Agreement and Plan of Merger [Current Report on Form 8-K of
CSPCo dated December 15, 1999, File No. 1-2680, Exhibit 10].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the CSPCo 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
21 -- List of subsidiaries of CSPCo [Annual Report on Form 10-K of
AEP for the fiscal year ended December 31, 2003, File No.
1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
I&M++
3(a) -- 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) -- Articles of Amendment to the Amended Articles of Acceptance
of I&M, dated March 6, 1997 [Annual Report on Form 10-K of I&M
for fiscal year ended December 31, 1996, File No. 1-3570,
Exhibit 3(b)].
3(c) -- Composite of the Amended Articles of Acceptance of I&M
(amended as of March 7, 1997) [Annual Report on Form 10-K of
I&M for the fiscal year ended December 31, 1996, File No.
1-3570, Exhibit 3(c)].
3(d) -- By-Laws of I&M (amended as of November 28, 2001) [Annual
Report on Form 10-K of I&M for the fiscal year ended December
31, 2001, File No. 1-3570, Exhibit 3(d)].
4(a) -- 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 the
fiscal year ended December 31, 1993, File No. 1-3570,
Exhibit 4(b); Annual Report on Form 10-K of I&M for the fiscal
year ended December 31, 1994, File No. 1-3570, Exhibit 4(b);
Annual Report on Form 10-K of I&M for the fiscal year ended
December 31, 1996, File No. 1-3570, Exhibit 4(b)].
4(b) -- Indenture (for unsecured debt securities), dated as of
October 1, 1998, between I&M and The Bank of New York, as
Trustee [Registration Statement No. 333-88523, Exhibits 4(a),
4(b) and 4(c); Registration Statement No. 333-58656, Exhibits
4(b) and 4(c); Registration Statement No. 333-108975, Exhibits
4(b), 4(c) and 4(d)].
10(a)(1) -- 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) -- 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) -- Power Agreement, dated July 10, 1953, between OVEC and
Indiana-Kentucky Electric Corporation, as amended
[Registration Statement No. 2-60015, Exhibit 5(e)].
10(a)(4) -- 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(b) -- Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KPCo, I&M, and OPCo and with AEPSC, 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) -- Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KPCo, OPCo and with AEPSC 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) -- Modification No. 1 to the AEP System Interim Allowance
Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo,
OPCo and AEPSC [Annual Report on Form 10-K of AEP for the
fiscal year ended December 1, 1996, File No. 1-3525, Exhibit
10(l)].
10(e) -- 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)].
10(f)(1) -- Agreement and Plan of Merger, dated as of December 21,
1997, By and Among American Electric Power Company, Inc.,
Augusta Acquisition Corporation and Central and South West
Corporation [Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)].
10(f)(2) -- Amendment No. 1, dated as of December 31, 1999, to the
Agreement and Plan of Merger [Current Report on Form 8-K of
I&M dated December 15, 1999, File No. 1-3570, Exhibit 10].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the I&M 2003 Annual Report (for
the fiscal year ended December 31, 2003) 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, 2003, File No.
1-3525, Exhibit 21].
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
KPCo++
3(a) -- Restated Articles of Incorporation of KPCo [Annual Report
on Form 10-K of KPCo for the fiscal year ended December 31,
1991, File No. 1-6858, Exhibit 3(a)].
3(b) -- By-Laws of KPCo (amended as of June 15, 2000) [Annual
Report on Form 10-K of KPCo for the fiscal year ended December
31, 2000, File No. 1-6858, Exhibit 3(b)].
4(a) -- Indenture (for unsecured debt securities), dated as of
September 1, 1997, between KPCo and Bankers Trust Company, as
Trustee [Registration Statement No. 333-75785, Exhibits 4(a),
4(b), 4(c) and 4(d); Registration Statement No. 333-87216,
Exhibits 4(e) and 4(f); Annual Report on Form 10-K of KPCo for
the fiscal year ended December 31, 2002, File No. 1-6858,
Exhibits 4(c), 4(d) and 4(e)].
*4(b) -- Company Order and Officer's Certificate, dated June 13,
2003 establishing certain terms of the 5.625% Senior Notes,
Series D, due 2032.
10(a) -- Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KPCo, I&M and OPCo and with AEPSC, 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) -- Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KPCo, OPCo and with AEPSC 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) -- Modification No. 1 to the AEP System Interim Allowance
Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo,
OPCo and AEPSC [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1996, File No. 1-3525, Exhibit
10(l)].
10(d)(1) -- Agreement and Plan of Merger, dated as of December 21,
1997, By and Among American Electric Power Company, Inc.,
Augusta Acquisition Corporation and Central and South West
Corporation [Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)].
10(d)(2) -- Amendment No. 1, dated as of December 31, 1999, to the
Agreement and Plan of Merger [Current Report on Form 8-K of
KPCo dated December 15, 1999, File No. 1-6858, Exhibit 10].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the KPCo 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
*23 -- Consent of Deloitte & Touche LLP
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
OPCo++
3(a) -- 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) -- Certificate of Amendment to Amended Articles of
Incorporation of OPCo, dated March 6, 1997 [Annual Report on
Form 10-K of OPCo for the fiscal year ended December 31, 1996,
File No. 1-6543, Exhibit 3(c)].
3(d) -- Certificate of Amendment to Amended Articles of
Incorporation of OPCo, dated June 3, 2002 [Quarterly Report on
Form 10-Q of OPCo for the quarter ended June 30, 2002, File
No. 1-6543, Exhibit 3(d)].
3(e) -- Composite of the Amended Articles of Incorporation of OPCo
(amended as of June 3, 2002) [[Quarterly Report on Form 10-Q
of OPCo for the quarter ended June 30, 2002, File No. 1-6543,
Exhibit 3(e)].
3(f) -- 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) -- 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)(iv);
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)].
4(b) -- Indenture (for unsecured debt securities), dated as of
September 1, 1997, between OPCo and Bankers Trust Company (now
Deutsche Bank Trust Company Americas), as Trustee
[Registration Statement No. 333-49595, Exhibits 4(a), 4(b) and
4(c); Registration Statement No. 333-106242, Exhibit 4(b),
4(c) and 4(d); Registration Statement No. 333-75783, Exhibits
4(b) and 4(c)].
*4(c) -- First Supplemental Indenture between OPCo and Deutsche Bank
Trust Company Americas, as Trustee, dated July 11, 2003,
establishing terms of 4.85% Senior Notes, Series H, due 2014.
*4(d) -- Second Supplemental Indenture between OPCo and Deutsche
Bank Trust Company Americas, as Trustee, dated July 11, 2003,
establishing terms of 6.375% Senior Notes, Series I, due 2033.
*4(e) -- Indenture (for unsecured debt securities), dated as of
February 1, 2003, between OPCo and Bank One, N.A., as Trustee
*4(f) -- First Supplemental Indenture, dated as of February 1, 2003,
between OPCo and Bank One, N.A., as Trustee, establishing the
terms of 5.50% Senior Notes, Series D, due 2013 and 5.50%
Senior Notes, Series F, due 2013.
*4(g) -- Second Supplemental Indenture, dated as of February 1,
2003, between OPCo and Bank One, N.A., as Trustee,
establishing the terms of 6.60% Senior Notes, Series E, due
2033 and 6.60% Senior Notes, Series G, due 2033.
10(a)(1) -- 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) -- 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) -- 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) -- Interconnection Agreement, dated July 6, 1951, among APCo,
CSPCo, KPCo, I&M and OPCo and with AEPSC, 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) -- Transmission Agreement, dated April 1, 1984, among APCo,
CSPCo, I&M, KPCo, OPCo and with AEPSC 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) -- Modification No. 1 to the AEP System Interim Allowance
Agreement, dated July 28, 1994, among APCo, CSPCo, I&M, KPCo,
OPCo and AEPSC [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1996, File No. 1-3525, Exhibit
10(l)].
10(e) -- 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(f) -- 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)].
10(g)(1) -- Agreement and Plan of Merger, dated as of December 21,
1997, by and among American Electric Power Company, Inc.,
Augusta Acquisition Corporation and Central and South West
Corporation [Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1997, File No. 1-3525, Exhibit 10(f)].
10(g)(2) -- Amendment No. 1, dated as of December 31, 1999, to the
Agreement and Plan of Merger [Current Report on Form 8-K of
OPCo dated December 15, 1999, File No. 1-6543, Exhibit 10].
+10(h) -- AEP System Senior Officer Annual Incentive Compensation
Plan [Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1996, File No. 1-3525, Exhibit 10(i)(1)].
+10(i)(1)(A -- AEP System Excess Benefit Plan, Amended and Restated as of
January 1, 2001 [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 2000, File No. 1-3525, Exhibit
10(j)(1)(A)].
+10(i)(1)(B) -- First Amendment to AEP System Excess Benefit Plan, dated as
of March 5, 2003 [Annual Report on Form 10-K of OPCo for the
fiscal year ended December 31, 2002, File No. 1-6543; Exhibit
10(i)(1)(B)].
*+10(i)(2) -- AEP System Supplemental Retirement Savings Plan, Amended
and Restated as of January 1, 2003 (Non-Qualified).
+10(i)(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(j)(1) -- Employment Agreement between AEP, AEPSC and Michael G.
Morris dated December 15, 2003.
+10(j)(2) -- Memorandum of agreement between Susan Tomasky and AEPSC
dated January 3, 2001 [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 2000, File No. 1-3525,
Exhibit 10(s)].
+10(j)(3) -- Employment Agreement dated July 29, 1998 between AEPSC and
Robert P. Powers [Annual Report on Form 10-K of OPCo for the
fiscal year ended December 31, 2002, File No. 1-6543; Exhibit
10(j)(3)].
+10(k)(1) -- AEP System Survivor Benefit Plan, effective January 27,
1998 [Quarterly Report on Form 10-Q of AEP for the quarter
ended September 30, 1998, File No. 1-3525, Exhibit 10].
+10(k)(2) -- First Amendment to AEP System Survivor Benefit Plan, as
amended and restated effective January 31, 2000 [Annual Report
on Form 10-K of OPCo for the fiscal year ended December 31,
2002, File No. 1-6543; Exhibit 10(k)(2)].
+10(l) -- AEP Senior Executive Severance Plan for Merger with Central
and South West Corporation, effective March 1, 1999[Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 1998, File No. 1-3525, Exhibit 10(o)].
+10(m) -- AEP Change In Control Agreement [Annual Report on Form 10-K
of AEP for the fiscal year ended December 31, 2001, File No.
1-3525, Exhibit 10(o)].
*+10(n) -- AEP System 2000 Long-Term Incentive Plan, as amended December
10, 2003.
+10(o)(1) -- Central and South West System Special Executive Retirement
Plan as amended and restated effective July 1, 1997 [Annual
Report on Form 10-K of CSW for the fiscal year ended December
31, 1998, File No. 1-1443, Exhibit 18].
+10(o)(2) -- Certified CSW Board Resolution of April 18, 1991 [Annual
Report on Form 10-K of AEP for the fiscal year ended December
31, 2001, File No. 1-3525, Exhibit 10(r)(2)].
*+10(o)(3) -- Certified AEP Utilities, Inc. (formerly CSW) Board
Resolutions of July 16, 1996.
+10(o)(4) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW,
March 13, 1992].
*+10(p)(1) -- AEP System Incentive Compensation Deferral Plan Amended and
Restated as of January 1, 2003.
+10(q) -- AEP System Nuclear Performance Long Term Incentive
Compensation Plan dated August 1, 1998 [Annual Report on Form
10-K of OPCo for the fiscal year ended December 31, 2002, File
No. 1-6543; Exhibit 10(q)].
+10(r) -- Nuclear Key Contributor Retention Plan dated May 1, 2000
[Annual Report on Form 10-K of OPCo for the fiscal year ended
December 31, 2002, File No. 1-6543; Exhibit 10(r)].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the OPCo 2003 Annual Report (for
the fiscal year ended December 31, 2003) 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, 2003, File No.
1-3525, Exhibit 21].
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
PSO++
3(a) -- Restated Certificate of Incorporation of PSO [Annual Report
on Form U5S of Central and South West Corporation for the
fiscal year ended December 31, 1996, File No. 1-1443, Exhibit
B-3.1].
3(b) -- By-Laws of PSO (amended as of June 28, 2000) [Annual Report
on Form 10-K of PSO for the fiscal year ended December 31,
2000, File No. 0-343, Exhibit 3(b)].
4(a) -- Indenture, dated July 1, 1945, between and Liberty Bank and
Trust Company of Tulsa, National Association, as Trustee, as
amended and supplemented [Registration Statement No. 2-60712,
Exhibit 5.03; Registration Statement No.2-64432, Exhibit 2.02;
Registration Statement No. 2-65871, Exhibit 2.02; Form U-1 No.
70-6822, Exhibit 2; Form U-1 No. 70-7234, Exhibit 3;
Registration Statement No. 33-48650, Exhibit 4(b);
Registration Statement No. 33-49143, Exhibit 4(c);
Registration Statement No. 33-49575, Exhibit 4(b); Annual
Report on Form 10-K of PSO for the fiscal year ended
December 31, 1993, File No. 0-343, Exhibit 4(b); Current
Report on Form 8-K of PSO dated March 4, 1996, No. 0-343,
Exhibit 4.01; Current Report on Form 8-K of PSO dated March 4,
1996, No. 0-343, Exhibit 4.02; Current Report on Form 8-K of
PSO dated March 4, 1996, No. 0-343, Exhibit 4.03].
4(b) -- PSO-obligated, mandatorily redeemable preferred securities
of subsidiary trust holding solely Junior Subordinated
Debentures of PSO:
(1) Indenture, dated as of May 1, 1997, between PSO and The
Bank of New York, as Trustee [Quarterly Report on Form
10-Q of PSO dated March 31, 1997, File No. 0-343,
Exhibits 4.6 and 4.7].
(2) Amended and Restated Trust Agreement of PSO Capital I,
dated as of May 1, 1997, among PSO, as Depositor, The
Bank of New York, as Property Trustee, The Bank of New
York (Delaware), as Delaware Trustee, and the
Administrative Trustee [Quarterly Report on Form 10-Q of
PSO dated March 31, 1997, File No. 0-343, Exhibit 4.8].
(3) Guarantee Agreement, dated as of May 1, 1997, delivered
by PSO for the benefit of the holders of PSO Capital I's
Preferred Securities [Quarterly Report on Form 10-Q of
PSO dated March 31, 1997, File No. 0-343, Exhibits 4.9].
(4) Agreement as to Expenses and Liabilities, dated as of May
1, 1997, between PSO and PSO Capital I [Quarterly Report
on Form 10-Q of PSO dated March 31, 1997, File No. 0-343,
Exhibits 4.10].
4(c) -- Indenture (for unsecured debt securities), dated as of
November 1, 2000, between PSO and The Bank of New York, as
Trustee [Registration Statement No. 333-100623, Exhibits 4(a)
and 4(b); [Annual Report on Form 10-K of PSO for the fiscal
year ended December 31, 2002, File No. 0-343; Exhibit 4(c)].
*4(d) -- Third Supplemental Indenture, dated as of September 15,
2003, between PSO and The Bank of New York, as Trustee,
establishing terms of the 4.85% Senior Notes, Series C, due
2010.
10(a) -- Restated and Amended Operating Agreement, dated as of
January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual
Report on Form 10-K of PSO for the fiscal year ended December
31, 2002, File No. 0-343; Exhibit 10(a)].
10(b) -- Transmission Coordination Agreement, dated October 29,
1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on
Form 10-K of PSO for the fiscal year ended December 31, 2002,
File No. 0-343; Exhibit 10(b)].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the PSO 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
SWEPCo++
3(a) -- Restated Certificate of Incorporation, as amended through
May 6, 1997, including Certificate of Amendment of Restated
Certificate of Incorporation [Quarterly Report on Form 10-Q of
SWEPCo for the quarter ended March 31, 1997, File No. 1-3146,
Exhibit 3.4].
3(b) -- By-Laws of SWEPCo (amended as of April 27, 2000) [Quarterly
Report on Form 10-Q of SWEPCo for the quarter ended March 31,
2000, File No. 1-3146, Exhibit 3.3].
4(a) -- Indenture, dated February 1, 1940, between SWEPCo and
Continental Bank, National Association and M. J. Kruger, as
Trustees, as amended and supplemented [Registration Statement
No. 2-60712, Exhibit 5.04; Registration Statement No. 2-61943,
Exhibit 2.02; Registration Statement No.2-66033, Exhibit 2.02;
Registration Statement No. 2-71126, Exhibit 2.02; Registration
Statement No. 2-77165, Exhibit 2.02; Form U-1 No. 70-7121,
Exhibit 4; Form U-1 No. 70-7233, Exhibit 3; Form U-1 No.
70-7676, Exhibit 3; Form U-1 No. 70-7934, Exhibit 10;
Form U-1 No. 72-8041, Exhibit 10(b); Form U-1 No. 70-8041,
Exhibit 10(c); Form U-1 No. 70-8239, Exhibit 10(a)].
*4(b) -- SWEPCO-obligated, mandatorily redeemable preferred
securities of subsidiary trust holding solely Junior
Subordinated Debentures of SWEPCo:
(1) Subordinated Indenture, dated as of September 1, 2003,
between SWEPCo and The Bank of New York, as Trustee.
(2) Amended and Restated Trust Agreement of SWEPCo Capital
Trust I, dated as of September 1, 2003, among SWEPCo, as
Depositor, The Bank of New York, as Property Trustee, The
Bank of New York (Delaware), as Delaware Trustee, and the
Administrative Trustees.
(3) Guarantee Agreement, dated as of September 1, 2003,
delivered by SWEPCo for the benefit of the holders of
SWEPCo Capital Trust I's Preferred Securities.
(4) First Supplemental Indenture dated as of October 1, 2003,
providing for the issuance of Series B Junior
Subordinated Debentures between SWEPCo, as Issuer and The
Bank of New York, as Trustee
(5) Agreement as to Expenses and Liabilities, dated as of
October 1, 2003 between SWEPCo and SWEPCo Capital Trust I
(included in Item (4) above as exhibit 4(f)(i)(A).
4(c) -- Indenture (for unsecured debt securities), dated as of
February 4, 2000, between SWEPCo and The Bank of New York, as
Trustee [Registration Statement No. 333-87834, Exhibits 4(a)
and 4(b); Registration Statement No. 333-100632, Exhibit 4(b);
Registration Statement No. 333-108045 Exhibit 4(b)].
*4(d) -- Third Supplemental Indenture, between SWEPCo and The Bank
of New York, as Trustee, dated April 11, 2003, establishing
terms of 5.375% Senior Notes, Series C, due 2015.
10(a) -- Restated and Amended Operating Agreement, dated as of
January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual
Report on Form 10-K of SWEPCo for the fiscal year ended
December 31, 2002, File No. 1-3146; Exhibit 10(a)].
10(b) -- Transmission Coordination Agreement, dated October 29,
1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on
Form 10-K of SWEPCo for the fiscal year ended December 31,
2002, File No. 1-3146; Exhibit 10(b)].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the SWEPCo 2003 Annual Report
(for the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
21 -- List of subsidiaries of SWEPCo [Annual Report on Form 10-K of
AEP for the fiscal year ended December 31, 2003, File No.
1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
TCC++
3(a) -- Restated Articles of Incorporation Without Amendment,
Articles of Correction to Restated Articles of Incorporation
Without Amendment, Articles of Amendment to Restated Articles
of Incorporation, Statements of Registered Office and/or
Agent, and Articles of Amendment to the Articles of
Incorporation [Quarterly Report on Form 10-Q of TCC for the
quarter ended March 31, 1997, File No. 0-346, Exhibit 3.1].
3(b) -- Articles of Amendment to Restated Articles of Incorporation
of TCC dated December 18, 2002 [Annual Report on Form 10-K of
TCC for the fiscal year ended December 31, 2002, File No.
0-346; Exhibit 3(b)].
3(c) -- By-Laws of TCC (amended as of April 19, 2000) [Annual
Report on Form 10-K of TCC for the fiscal year ended December
31, 2000, File No. 0-346, Exhibit 3(b)].
4(a) -- Indenture of Mortgage or Deed of Trust, dated November 1,
1943, between TCC and The First National Bank of Chicago and
R. D. Manella, as Trustees, as amended and supplemented
[Registration Statement No. 2-60712, Exhibit 5.01;
Registration Statement No. 2-62271, Exhibit 2.02;
Form U-1 No. 70-7003, Exhibit 17; Registration Statement
No. 2-98944, Exhibit 4 (b); Form U-1 No. 70-7236, Exhibit 4;
Form U-1 No. 70-7249, Exhibit 4; Form U-1 No. 70-7520,
Exhibit 2; Form U-1 No. 70-7721, Exhibit 3; Form U-1
No. 70-7725, Exhibit 10; Form U-1 No. 70-8053, Exhibit 10
(a); Form U-1 No. 70-8053, Exhibit 10 (b); Form U-1
No. 70-8053, Exhibit 10 (c); Form U-1 No. 70-8053, Exhibit 10
(d); Form U-1 No. 70-8053, Exhibit 10 (e); Form U-1
No. 70-8053, Exhibit 10 (f)].
4(b) -- TCC-obligated, mandatorily redeemable preferred securities
of subsidiary trust holding solely Junior Subordinated
Debentures of TCC:
(1) Indenture, dated as of May 1, 1997, between TCC and the
Bank of New York, as Trustee [Quarterly Report on Form
10-Q of TCC dated March 31, 1997, File No. 0-346,
Exhibits 4.1 and 4.2].
(2) Amended and Restated Trust Agreement of TCC Capital I,
dated as of May 1, 1997, among TCC, as Depositor, The
Bank of New York, as Property Trustee, The Bank of New
York (Delaware), as Delaware Trustee, and the
Administrative Trustee [Quarterly Report on Form 10-Q of
TCC dated March 31, 1997, File No. 0-346, Exhibit 4.3].
(3) Guarantee Agreement, dated as of May 1, 1997, delivered
by TCC for the benefit of the holders of TCC Capital I's
Preferred Securities [Quarterly Report on Form 10-Q of
TCC dated March 31, 1997, File No. 0-346, Exhibit 4.4].
(4) Agreement as to Expenses and Liabilities dated as of May
1, 1997, between TCC and TCC Capital I [Quarterly Report
on Form 10-Q of TCC dated March 31, 1997, File No. 0-346,
Exhibit 4.5].
4(c) -- Indenture (for unsecured debt securities), dated as of
November 15, 1999, between TCC and The Bank of New York, as
Trustee, as amended and supplemented [Annual Report on Form
10-K of TCC for the fiscal year ended December 31, 2000, File
No. 0-346, Exhibits 4(c), 4(d) and 4(e)].
*4(d) -- Indenture (for unsecured debt securities), dated as of
February 1, 2003, between TCC and Bank One, N.A., as Trustee
*4(e) -- First Supplemental Indenture, dated as of February 1, 2003,
between TCC and Bank One, N.A., as Trustee, establishing the
terms of 5.50% Senior Notes, Series A, due 2013 and 5.50%
Senior Notes, Series D, due 2013.
*4(f) -- Second Supplemental Indenture, dated as of February 1,
2003, between TCC and Bank One, N.A., as Trustee, establishing
the terms of 6.65% Senior Notes, Series B, due 2033 and 6.65%
Senior Notes, Series E, due 2033.
*4(g) -- Third Supplemental Indenture, dated as of February 1, 2003,
between TCC and Bank One, N.A., as Trustee, establishing the
terms of 3.00% Senior Notes, Series C, due 2005 and 3.00%
Senior Notes, Series F, due 2005.
*4(h) -- Fourth Supplemental Indenture, dated as of February 1,
2003, between TCC and Bank One, N.A., as Trustee, establishing
the terms of Floating Rate Notes, Series A, due 2005 and
Floating Rate Notes, Series B, due 2005.
10(a) -- Restated and Amended Operating Agreement, dated as of
January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual
Report on Form 10-K of TCC for the fiscal year ended December
31, 2002, File No. 0-346; Exhibit 10(a)].
10(b) -- Transmission Coordination Agreement, dated October 29,
1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on
Form 10-K of TCC for the fiscal year ended December 31, 2002,
File No. 0-346; Exhibit 10(b)].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the TCC 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
21 -- List of subsidiaries of TCC [Annual Report on Form 10-K of
AEP for the fiscal year ended December 31, 2003, File No.
1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
TNC++
3(a) -- Restated Articles of Incorporation, as amended, and
Articles of Amendment to the Articles of Incorporation [Annual
Report on Form 10-K of TNC for the fiscal year ended December
31, 1996, File No. 0-340, Exhibit 3.5].
3(b) -- Articles of Amendment to Restated Articles of Incorporation
of TNC dated December 17, 2002 [Annual Report on Form 10-K of
TNC for the fiscal year ended December 31, 2002, File No.
0-340; Exhibit 3(b)].
3(c) -- By-Laws of TNC (amended as of May 1, 2000) [Quarterly
Report on Form 10-Q of TNC for the quarter ended March 31,
2000, File No. 0-340, Exhibit 3.4].
4(a) -- Indenture, dated August 1, 1943, between TNC and Harris Trust
and Savings Bank and J. Bartolini, as Trustees, as amended and
supplemented [Registration Statement No. 2-60712, Exhibit
5.05; Registration Statement No. 2-63931, Exhibit 2.02;
Registration Statement No. 2-74408, Exhibit 4.02; Form U-1 No.
70-6820, Exhibit 12; Form U-1 No. 70-6925, Exhibit 13;
Registration Statement No. 2-98843, Exhibit 4(b); Form U-1
No. 70-7237, Exhibit 4; Form U-1 No. 70-7719, Exhibit 3;
Form U-1 No. 70-7936, Exhibit 10; Form U-1 No. 70-8057,
Exhibit 10; Form U-1 No. 70-8265, Exhibit 10; Form U-1
No. 70-8057, Exhibit 10(b); Form U-1 No. 70-8057,
Exhibit 10(c)].
*4(b) -- Indenture (for unsecured debt securities), dated as of
February 1, 2003, between TNC and Bank One, N.A., as Trustee
*4(c) -- First Supplemental Indenture, dated as of February 1, 2003,
between TNC and Bank One, N.A., as Trustee, establishing the
terms of 5.50% Senior Notes, Series A, due 2013 and 5.50%
Senior Notes, Series D, due 2013.
10(a) -- Restated and Amended Operating Agreement, dated as of
January 1, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual
Report on Form 10-K of TNC for the fiscal year ended December
31, 2002, File No. 0-340; Exhibit 10(a)].
10(b) -- Transmission Coordination Agreement, dated October 29,
1998, among PSO, TCC, TNC, SWEPCo and AEPSC [Annual Report on
Form 10-K of TNC for the fiscal year ended December 31, 2002,
File No. 0-340; Exhibit 10(b)].
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the TNC 2003 Annual Report (for
the fiscal year ended December 31, 2003) which are
incorporated by reference in this filing.
*24 -- Power of Attorney.
*31(a) -- Certification of Chief Executive Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*31(b) -- Certification of Chief Financial Officer Pursuant to
Section 302 of the Sarbanes-Oxley Act of 2002.
*32(a) -- Certification of Chief Executive Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
*32(b) -- Certification of Chief Financial Officer Pursuant to
Section 1350 of Chapter 63 of Title 18 of the United States
Code.
++ Certain instruments defining the rights of holders of long-term debt of
the registrants included in the financial statements of registrants filed
herewith have been 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 ALLOCATION AGREEMENT
------------------------------------
AMERICAN ELECTRIC POWER COMPANY, INC. AND
ITS CONSOLIDATED AFFILIATES
TAX AGREEMENT UNDER TITLE 17, CHAPTER II
OF THE CODE OF FEDERAL REGULATIONS PARAGRAPH
(C) OF SECTION 250.45 REGARDING METHOD OF
ALLOCATING CONSOLIDATED INCOME TAXES
The below listed affiliated companies, joining in the annual filing of
a consolidated federal income tax return with American Electric Power Company,
Inc., agree to allocate the consolidated annual net current federal income tax
liability and/or benefit to the members of the consolidated group in accordance
with the following procedures:
( 1) The consolidated regular federal income tax, exclusive of
capital gains and preference taxes and before the application
of general business credits including foreign tax credits,
shall be apportioned among the members of the consolidated
group based on corporate taxable income. Loss companies
shall be included in the allocation, receiving a negative
tax allocation which is similar to a separate return
carryback refund, before considering general business
credits, which would have resulted had the loss company
historically filed a separate return.
( 2) The corporate taxable income of each member of the group
shall be first reduced by its proportionate share of American
Electric Power Company, Inc.'s (the holding company) tax loss
(excluding the effects of extraordinary items which do not
apply to the regulated business) in arriving at adjusted
corporate taxable income for each member of the group with
positive taxable income.
( 3) To the extent that the consolidated and corporate taxable
incomes include material items taxed at rates other than the
statutory tax rate (such as capital gains and preference
items), the portion of the consolidated tax attributable to
these items shall be apportioned directly to the members
of the group giving rise to such items.
( 4) General business credits, other tax credits, and foreign
tax credits shall be equitably allocated to those members
whose investments or contributions generates the tax credit.
( 5) If the tax credits can not be entirely utilized to offset
the consolidated tax liability, the tax credit carryover shall
be equitably allocated to those members whose investments or
contributions generated the credit.
( 6) Should the consolidated group generate a net operating tax
loss for a calendar year, the tax benefits of any resultant
carryback refund shall be allocated proportionately to member
companies that generated corporate tax losses in the year the
consolidated net operating loss was generated. Any related
loss of general business credits, shall be allocated to the
member companies that utilized the credits in the prior year
in the same proportion that the credit lost is to the total
credit utilized in the prior year. A consolidated net
operating tax loss carryfoward shall be allocated
proportionately to member companies that generated the
original tax losses that gave rise to the consolidated net
operating tax loss carryforward.
( 7) A member with a net positive tax allocation shall pay the
holding company the net amount allocated, while a tax loss
member with a net negative tax allocation shall receive
current payment from the holding company in the amount of its
negative allocation. The payment made to a member with a tax
loss should equal the amount by which the consolidated tax is
reduced by including the member's net corporate tax loss in
the consolidated tax return. The holding company shall pay
to the Internal Revenue Service the consolidated group's net
current federal income tax liability from the net of the
receipts and payments.
( 8) No member of the consolidated group shall be allocated a
federal income tax which is greater than the federal income
tax computed as if such member had filed a separate return.
( 9) In the event the consolidated tax liability is subsequently
revised by Internal Revenue Service audit adjustments,
amended returns, claims for refund, or otherwise, such
changes shall be allocated in the same manner as though the
adjustments on which they are based had formed part of
the original consolidated return using the tax allocation
agreement which was in effect at that time.
Any current state tax liability and/or benefit associated with a state
tax return involving more than one member of the consolidated group, shall be
allocated to such members following the principles set forth above for current
federal income taxes. Due to certain states utilizing a unitary approach, the
consolidated return liability may exceed the sum of the liabilities computed for
each company on a separate return basis. If this occurs, the excess of the
consolidated liability over the sum of the separate return liabilities shall be
allocated proportionally based on each member's contribution to the consolidated
apportionment percentage. If additional tax is attributable to a significant
transaction or event, such additional tax shall be allocated directly to the
members who are party to said transaction or event.
This agreement is subject to revision as a result of changes in federal
and state tax law and relevant facts and circumstances.
The above procedures for apportioning the consolidated annual net
current federal and state tax liabilities and expenses of American Electric
Power Company, Inc. and its consolidating affiliates have been agreed to by each
of the below listed members of the consolidated group as evidenced by the
signature of an officer of each company.
COMPANY OFFICER'S SIGNATURE
-------------------------------------------- ---------------------------------
American Electric Power Company, Inc. /S/Jeffrey D. Cross
--------------------------
American Electric Power Service Corporation /S/William L. Scott
--------------------------
AEP C&I Company, LLC /S/Mark A. Pyle
--------------------------
AEP Coal, Inc. /S/Jeffrey D. Cross
--------------------------
AEP Coal Marketing, LLC /S/Mark A. Pyle
--------------------------
AEP Communications, Inc. /S/William L. Scott
--------------------------
AEP Communications, LLC /S/William L. Scott
--------------------------
AEP Credit, Inc. /S/William L. Scott
--------------------------
AEP Delaware Investment Company /S/Mark A. Pyle
--------------------------
AEP Delaware Investment Company II /S/Mark A. Pyle
--------------------------
AEP Delaware Investment Company III /S/Mark A. Pyle
--------------------------
AEP Desert Sky GP, LLC /S/Mark A. Pyle
--------------------------
AEP Desert Sky LP, LLC /S/Mark A. Pyle
--------------------------
AEP Desert Sky LP II, LLC /S/Mark A. Pyle
--------------------------
AEP Elmwood LLC /S/Mark A. Pyle
--------------------------
AEP Emissions Marketing, LLC /S/Mark A. Pyle
--------------------------
AEP EmTech LLC /S/Mark A. Pyle
--------------------------
AEP Energy Services, Inc. /S/William L. Scott
--------------------------
AEP Energy Services Gas Holding Company /S/Mark A. Pyle
--------------------------
AEP Energy Services Gas Holding Company II LLC /S/Mark A. Pyle
--------------------------
AEP Energy Services Investments, Inc. /S/Mark A. Pyle
--------------------------
AEP Energy Services Ventures, Inc. /S/Mark A. Pyle
--------------------------
AEP Energy Services Ventures II, Inc. /S/Mark A. Pyle
--------------------------
AEP Energy Services Ventures III, Inc. /S/Mark A. Pyle
--------------------------
AEP Fiber Venture, LLC /S/Mark A. Pyle
--------------------------
AEP Gas Marketing LP /S/Mark A. Pyle
--------------------------
AEP Gas Power GP, LLC /S/Mark A. Pyle
--------------------------
AEP Generating Company /S/William L. Scott
--------------------------
AEP Houston Pipe Line Company, LLC /S/Mark A. Pyle
--------------------------
AEP Investments, Inc. /S/William L. Scott
--------------------------
AEP Kentucky Coal, LLC /S/Jeffrey D. Cross
--------------------------
AEP MEMCO LLC /S/Mark A. Pyle
--------------------------
AEP Ohio Coal, LLC /S/Jeffrey D. Cross
--------------------------
AEP Ohio Commercial & Industrial
Retail Co., LLC /S/Mark A. Pyle
--------------------------
AEP Ohio Retail Energy, LLC /S/Mark A. Pyle
--------------------------
AEP Power Marketing, Inc. /S/William L. Scott
--------------------------
AEP Pro Serv, Inc. /S/William L. Scott
--------------------------
AEP Properties, LLC /S/Jeffrey D. Cross
--------------------------
AEP Resources, Inc. /S/William L. Scott
--------------------------
AEP Resources Australia Holdings Pty, Ltd. /S/Jeffrey D. Cross
--------------------------
AEP Resources Australia Pty, Ltd. /S/Jeffrey D. Cross
--------------------------
AEP Resources Limited /S/Jeffrey D. Cross
--------------------------
AEP Retail Energy, LLC /S/Mark A. Pyle
--------------------------
AEP T & D Services, LLC /S/Mark A. Pyle
--------------------------
AEP Texas Central Company /S/William L. Scott
--------------------------
AEP Texas Central Transition Funding, LLC /S/Jeffrey D. Cross
--------------------------
AEP Texas Commercial & Industrial
Retail GP,LLC /S/Mark A. Pyle
--------------------------
AEP Texas Commercial & Industrial
Retail Limited Partnership /S/Mark A. Pyle
--------------------------
AEP Texas POLR, LLC /S/Mark A. Pyle
--------------------------
AEP Texas POLR GP, LLC /S/Mark A. Pyle
--------------------------
AEP Texas North Company /S/William L. Scott
--------------------------
AEP Transportation, LLC /S/Mark A. Pyle
--------------------------
AEP Utilities, Inc /S/William L. Scott
--------------------------
AEP West Virginia Coal, Inc. /S/Jeffrey D. Cross
--------------------------
AEP Wind Energy, LLC /S/Mark A. Pyle
--------------------------
AEP Wind GP, LLC /S/Mark A. Pyle
--------------------------
AEP Wind Holding, LLC /S/Mark A. Pyle
--------------------------
AEP Wind LP, LLC /S/Mark A. Pyle
--------------------------
AEP Wind LP II, LLC /S/Mark A. Pyle
--------------------------
AEPR Ohio, LLC /S/Mark A. Pyle
--------------------------
Appalachian Power Company /S/William L. Scott
--------------------------
Blackhawk Coal Company /S/William L. Scott
--------------------------
Cedar Coal Company /S/William L. Scott
--------------------------
Central Appalachian Coal Company /S/William L. Scott
--------------------------
Central Coal Company /S/William L. Scott
--------------------------
Colomet, Inc. /S/William L. Scott
--------------------------
Columbus Southern Power Company /S/William L. Scott
--------------------------
Conesville Coal Preparation Company /S/William L. Scott
--------------------------
Conlease, Inc. /S/Mark A. Pyle
--------------------------
C3 Communications, Inc. /S/William L. Scott
--------------------------
C3 Networks GP, LLC /S/Mark A. Pyle
--------------------------
CSW Development-I, Inc. /S/Mark A. Pyle
--------------------------
CSW Development-II, Inc. /S/Mark A. Pyle
--------------------------
CSW Development-3, Inc. /S/Mark A. Pyle
--------------------------
CSW Eastex GP I, Inc. /S/Mark A. Pyle
--------------------------
CSW Eastex GP II, Inc. /S/Mark A. Pyle
--------------------------
CSW Eastex LP I, Inc. /S/Mark A. Pyle
--------------------------
CSW Eastex LP II, Inc. /S/Mark A. Pyle
--------------------------
CSW Energy, Inc. /S/William L. Scott
--------------------------
CSW Energy Services, Inc. /S/Mark A. Pyle
--------------------------
CSW Ft. Lupton, Inc. /S/Mark A. Pyle
--------------------------
CSW International, Inc. /S/Mark A. Pyle
--------------------------
CSW International (U.K.), Inc. /S/Mark A. Pyle
--------------------------
CSW International Two, Inc. /S/Mark A. Pyle
--------------------------
CSW Mulberry, Inc. /S/Mark A. Pyle
--------------------------
CSW Mulberry II, Inc. /S/Mark A. Pyle
--------------------------
CSW Nevada, Inc. /S/Mark A. Pyle
--------------------------
CSW Northwest GP, Inc. /S/Mark A. Pyle
--------------------------
CSW Northwest LP, Inc. /S/Mark A. Pyle
--------------------------
CSW Orange, Inc. /S/Mark A. Pyle
--------------------------
CSW Orange II, Inc. /S/Mark A. Pyle
--------------------------
CSW Power Marketing, Inc. /S/Mark A. Pyle
--------------------------
CSW Services International, Inc. /S/Mark A. Pyle
--------------------------
CSW Sweeny GP I, Inc. /S/Mark A. Pyle
--------------------------
CSW Sweeny GP II, Inc. /S/Mark A. Pyle
--------------------------
CSW Sweeny LP I, Inc. /S/Mark A. Pyle
--------------------------
CSW Sweeny LP II, Inc. /S/Mark A. Pyle
--------------------------
CSWC License, Inc. /S/Mark A. Pyle
--------------------------
CSWC Southwest Holding, Inc. /S/Mark A. Pyle
--------------------------
CSWC TeleChoice Management, Inc. /S/Mark A. Pyle
--------------------------
DECCO II, LLC /S/Mark A. Pyle
--------------------------
Diversified Energy Contractors Co., LLC /S/Mark A. Pyle
--------------------------
Dolet Hills Lignite Company, LLC /S/Mark A. Pyle
--------------------------
Enershop, Inc. /S/Mark A. Pyle
--------------------------
Envirotherm, Inc. /S/Mark A. Pyle
--------------------------
Franklin Real Estate Company /S/William L. Scott
--------------------------
Golden Prairie Holding Company, LLC /S/Michael J. Kelley
------------------------
Golden Prairie Wind Farm, LLC /S/Michael J. Kelley
------------------------
Houston Pipe Line Company LP /S/Mark A. Pyle
--------------------------
HPL GP, LLC /S/Mark A. Pyle
--------------------------
HPL Holdings, Inc. /S/Mark A. Pyle
--------------------------
HPL Resources Company LP /S/Mark A. Pyle
--------------------------
Indiana Franklin Realty, Inc. /S/William L. Scott
--------------------------
Indiana Michigan Power Company /S/William L. Scott
--------------------------
Industry and Energy Associates, LLC /S/Mark A. Pyle
--------------------------
Kentucky Power Company /S/William L. Scott
--------------------------
Kingsport Power Company /S/William L. Scott
--------------------------
Leesville Land, LLC /S/Jeffrey D. Cross
--------------------------
LIG, Inc. /S/Mark A. Pyle
--------------------------
LIG Chemical Company /S/Mark A. Pyle
--------------------------
LIG Liquids Company, LLC /S/Mark A. Pyle
--------------------------
LIG Pipeline Company /S/Mark A. Pyle
--------------------------
Louisiana Intrastate Gas Company, LLC /S/Mark A. Pyle
--------------------------
Mutual Energy, LLC /S/Mark A. Pyle
--------------------------
Mutual Energy Service Company, LLC /S/Mark A. Pyle
--------------------------
Mutual Energy SWEPCO LP /S/Mark A. Pyle
--------------------------
Newgulf Power Venture, Inc. /S/Mark A. Pyle
--------------------------
Noah I Power G.P., Inc. /S/Mark A. Pyle
--------------------------
Ohio Power Company /S/William L. Scott
--------------------------
POLR Power, LP /S/William L. Scott
--------------------------
Price River Coal Company, Inc. /S/William L. Scott
--------------------------
Public Service Company of Oklahoma /S/Mark A. Pyle
-------------------------
REP General Partner LLC /S/Mark A. Pyle
--------------------------
REP Holdco, LLC /S/Mark A. Pyle
--------------------------
Simco, Inc. /S/William L. Scott
--------------------------
Snowcap Coal Company, Inc. /S/Jeffrey D. Cross
--------------------------
Southern Appalachian Coal Company /S/William L. Scott
--------------------------
Southwest Arkansas Utilities Corp. /S/Mark A. Pyle
--------------------------
Southwestern Electric Power Company /S/William L. Scott
--------------------------
Southwestern Wholesale Electric Company /S/Mark A. Pyle
--------------------------
Springdale Land, LLC /S/Jeffrey D. Cross
--------------------------
Tuscaloosa Pipeline Company /S/Mark A. Pyle
--------------------------
United Sciences Testing, Inc. /S/Mark A. Pyle
--------------------------
Ventures Lease Co., LLC /S/Mark A. Pyle
--------------------------
Wheeling Power Company /S/William L. Scott
--------------------------
EXHIBIT E - CHART OF ACCOUNTS/PERSONNEL POLICIES
------------------------------------------------
CONTENTS
1 CHART OF ACCOUNTS FOR AEP SYSTEM COMPANIES - PER FULE 26
2 COPIES OF PERSONNEL POLICIES AS THEY RELATE TO RULE 48 (b)
EXHIBIT E DOCUMENT:
1 CHART OF ACCOUNTS FOR AEP SYSTEM COMPANIES (PURSUANT TO RULE 26)
THE FEDERAL ENERGY REGULATORY COMMISSION (FERC) UNIFORM SYSTEM OF ACCOUNTS
(USA) IS USED BY MOST OF THE AEP SYSTEM COMPANIES WITH MODIFICATIONS AS
NECESSARY TO ACCOUNT FOR NON-UTILITY BUSINESS OPERATIONS. CERTAIN AEP
SYSTEM COMPANIES DO NOT FOLLOW THE FERC USA, THOSE COMPANIES USE THE
TYPICAL COMMERCIAL CHART OF ACCOUNTS APPLICABLE FOR THAT TYPE OF BUSINESS
OPERATION.
2 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
2002 Form U5S Annual Report,
File No. 30-150.
EXHIBIT F - INTERCOMPANY BILLINGS
---------------------------------
2003 INTERCOMPANY BILLING COSTS INCURRED
APPALACHIAN POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $3,692.30 $316.36 $0.00 $2,051.56 $7.10
Marketing-Business Services (14,861.55) 0.00 0.00 (150.00) (4,230.58)
Dist Reg-Managerial 117,219.38 19,667.40 0.00 70,132.36 9,040.62
Dist Reg-Customer Services 737,934.38 44,539.77 0.00 536,115.43 20,607.55
Dist Reg-Eng-Engin & Planning 414,360.49 39,476.77 0.00 260,834.37 26,069.60
Dist Reg-Eng-Information & Drafting 73,676.20 8,408.65 0.00 53,538.67 3,200.34
Dist Reg-Stores 117,895.93 2,000.38 0.00 45,447.06 10,874.52
Dist Reg-Operations-Administrative (1.19) 0.00 0.00 (1.19) 0.00
Dist Reg-Operations-Meter 50,538.91 90.28 0.00 31,746.26 1,222.81
Dist Reg-Operations-Line 1,122,497.07 38,038.60 0.00 819,746.37 91,878.93
Engy Dis Sup-Right of Way Maintenance 107,147.81 31,510.37 0.00 63,008.78 1,234.22
Dist Eng-Engineering & Planning 37,028.61 3,079.73 0.00 18,249.45 2,281.01
Dist Data Systems-Joint Use 40,801.66 10,285.22 0.00 30,516.44 0.00
T&D Mat Dist-Central Warehouse 101,135.70 85,017.19 0.00 1,871.61 4,173.63
Energy Tran-Transmission Line 145,188.04 72,213.87 0.00 31,822.33 9,645.60
Energy Tran-Station 721,668.75 25,953.78 0.00 530,613.59 6,764.71
St Const-System Maint-Tools/Equipment 44,960.05 4,094.80 0.00 15,493.59 10,485.56
Operations Center 9,369.22 145.60 0.00 1,828.01 2,448.65
Engy Delivery Sup-Meter Operations 186,547.30 3,585.91 0.00 19,732.36 46,587.27
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 29,892.12 12,723.41 0.00 2,218.83 6,522.91
Land Mangement Forestry 2,422.89 0.60 0.00 64.43 365.95
Land Management Real Estate 12,488.72 2,374.50 0.00 9,967.10 44.92
Planning & Budgeting 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 181,964.48 1.52 0.00 23,195.53 49,638.94
Hydro Plant 257,335.19 0.04 0.00 539.40 4,436.46
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 42,771.98 1.50 0.00 18,665.14 74.10
AdminCorporate Communications 4,865.72 111.37 0.00 509.83 4,242.59
Admin-Rates 1,496.47 (3.84) 0.00 20.33 62.47
AdminOtherAdministrative Group 10,575.90 (5,065.92) 0.00 37,631.90 35,299.48
Accounting-Adm 27.49 0.49 0.00 2.23 7.00
Corp Svc-Fleet Management 1,207.98 16,670.37 0.00 (8,328.13) (382.04)
Corp Svc-Building Services 90,952.04 52,948.04 0.00 16,442.17 217.72
Corp Svc-Office Services 11,094.14 11,193.94 0.00 2,362.60 (450.87)
LABOR FRINGES ON O&M LABOR 1,189,662.91 159,563.28 0.00 620,271.11 75,931.74
--------------- -------------- ------ -------------- ------------
TOTAL O&M COSTS 5,853,557.09 638,943.98 0.00 3,256,159.52 418,302.91
CONSTRUCTION, RETIRE, OTHER WIP 4,783,946.99 482,261.71 0.00 2,316,700.50 459,644.10
MATERIAL & SUPPLY COSTS 391,209.99 83,345.46 0.00 77,682.37 50,314.63
FACILITY COSTS 1,784,742.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 895,810.00 0.00 0.00 0.00 0.00
--------------- -------------- ------ -------------- ------------
TOTAL $13,709,266.07 $1,204,551.15 $0.00 $5,650,542.39 $928,261.64
=============== ============== ====== ============== ============
2003 INTERCOMPANY BILLING COSTS INCURRED
APPALACHIAN POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.66 $749.39 $6.69 $560.54
Marketing-Business Services (1,126.51) (7,973.34) (1,381.12) 0.00
Dist Reg-Managerial 61.60 7,437.86 5,692.90 5,186.64
Dist Reg-Customer Services 1,807.08 113,863.00 20,964.28 37.27
Dist Reg-Eng-Engin & Planning 2,760.22 46,130.71 39,058.13 30.69
Dist Reg-Eng-Information & Drafting 291.59 4,543.84 3,693.11 0.00
Dist Reg-Stores 316.09 25,866.93 33,103.03 287.92
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 101.66 6,190.46 11,187.44 0.00
Dist Reg-Operations-Line 3,477.91 102,832.32 66,469.19 53.75
Engy Dis Sup-Right of Way Maintenance 89.08 1,654.43 1,374.40 8,276.53
Dist Eng-Engineering & Planning 1,890.27 8,808.49 2,714.27 5.39
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 285.75 6,771.95 2,788.14 227.43
Energy Tran-Transmission Line 14.47 30,855.95 635.82 0.00
Energy Tran-Station 161.75 56,451.84 101,167.33 555.75
St Const-System Maint-Tools/Equipment 11.57 14,737.59 136.94 0.00
Operations Center 80.55 3,202.07 1,664.34 0.00
Engy Delivery Sup-Meter Operations 3,369.28 61,599.66 51,672.82 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 81.79 5,334.71 1,473.53 1,536.94
Land Mangement Forestry 0.68 1,849.61 138.84 2.78
Land Management Real Estate 1.19 57.88 37.81 5.32
Planning & Budgeting 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 1.57 101,148.18 7,051.17 927.57
Hydro Plant 0.04 252,342.67 12.26 4.32
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 23,820.86 65.25 39.34 105.79
AdminCorporate Communications 0.00 1.93 0.00 0.00
Admin-Rates 1,204.61 77.62 135.28 0.00
AdminOtherAdministrative Group 129.18 (76,308.96) 17,866.45 1,023.77
Accounting-Adm 0.50 9.32 7.95 0.00
Corp Svc-Fleet Management (0.10) (5,148.37) (6,988.60) 5,384.85
Corp Svc-Building Services 4.30 125.08 63.67 21,151.06
Corp Svc-Office Services (10.98) (359.54) (214.17) (1,426.84)
LABOR FRINGES ON O&M LABOR 5,928.32 234,392.57 88,423.44 5,152.45
----------- -------------- -------------- --------------
TOTAL O&M COSTS 44,754.98 997,311.10 448,994.68 49,089.92
CONSTRUCTION, RETIRE, OTHER WIP 21,327.50 793,922.05 520,326.66 189,764.47
MATERIAL & SUPPLY COSTS 2,740.07 72,158.95 104,968.51 0.00
FACILITY COSTS 0.00 0.00 0.00 1,784,742.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 895,810.00
----------- -------------- -------------- --------------
TOTAL $68,822.55 $1,863,392.10 $1,074,289.85 $2,919,406.39
=========== ============== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED
COLUMBUS SOUTHERN POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $40.38 $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 1,646.87 22.44 581.84 87.95 421.72
Dist Reg-Managerial 193,615.52 98.17 5,830.42 1,497.68 1,786.37
Dist Reg-Customer Services 217,408.88 209.03 42,803.07 1,299.95 3,418.38
Dist Reg-Eng-Engin & Planning 200,170.04 734.46 69,892.95 9,093.91 9,657.25
Dist Reg-Eng-Information & Drafting 239,732.44 100.17 15,839.09 503.67 (10,231.10)
Dist Reg-Stores 28,099.86 3.14 129.87 22.89 116.48
Dist Reg-Operations-Administrative 711,092.80 18.95 131,746.70 4,996.66 293.84
Dist Reg-Operations-Meter 80,245.21 0.00 0.00 0.00 0.00
Dist Reg-Operations-Line 1,102,054.16 2,484.27 304,898.82 21,778.70 61,942.70
Engy Dis Sup-Right of Way Maintenance 145,970.60 34.43 5,544.05 404.44 949.68
Dist Eng-Engineering & Planning 274,397.18 831.91 36,908.78 3,429.69 10,373.01
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 58,047.04 0.04 1.26 371.90 0.74
Energy Tran-Station 217,247.21 234.69 29,392.17 7,373.25 9,763.59
St Const-System Maint-Tools/Equipment 396.94 3.13 121.65 24.41 60.97
Operations Center (12,643.19) 0.00 (12,643.19) 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 137,846.10 978.61 12,760.90 14,450.14 8,013.69
Land Mangement Forestry 75,887.63 0.00 1,894.93 436.97 1,067.58
Land Management Real Estate 53,352.19 0.00 256.36 0.00 0.00
Planning & Budgeting 7,204.00 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 131,287.97 33.22 52,961.38 6,119.73 11,773.58
Hydro Plant 0.00 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 81,233.54 0.00 0.00 0.00 0.00
AdminCorporate Communications (137,782.92) 0.00 0.00 0.00 0.00
Admin-Rates 706.35 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group (216,041.02) 96.99 (4,691.96) (298.40) (1,566.95)
Accounting-Adm 159.52 2.44 58.21 11.59 36.27
Corp Svc-Fleet Management 14,372.17 12.73 (18,459.68) 21,357.78 (24,830.54)
Corp Svc-Building Services 275,138.21 7.01 1,042.86 343.11 529.63
Corp Svc-Office Services 0.00 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 966,509.69 1,519.50 134,024.19 15,790.53 25,185.29
--------------- ---------- -------------- ------------ ------------
TOTAL O&M COSTS 4,847,395.37 7,425.33 810,894.67 109,096.55 108,762.18
CONSTRUCTION, RETIRE, OTHER WIP 2,925,160.00 (1,575.61) 283,547.02 3,676.57 29,534.88
MATERIAL & SUPPLY COSTS 115,963.99 16.94 4,904.14 1,635.10 919.94
FACILITY COSTS 3,318,841.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 1,562,356.00 0.00 0.00 0.00 0.00
--------------- ---------- -------------- ------------ ------------
TOTAL $12,769,716.36 $5,866.66 $1,099,345.83 $114,408.22 $139,217.00
=============== ========== ============== ============ ============
2003 INTERCOMPANY BILLING COSTS INCURRED
COLUMBUS SOUTHERN POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- ---------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $40.38 $0.00 $0.00
Marketing-Business Services 18.23 514.69 0.00 0.00
Dist Reg-Managerial 524.29 183,878.59 0.00 0.00
Dist Reg-Customer Services 275.14 169,352.52 0.00 50.79
Dist Reg-Eng-Engin & Planning 874.84 109,876.36 0.00 40.27
Dist Reg-Eng-Information & Drafting 115.72 233,404.89 0.00 0.00
Dist Reg-Stores 3.42 27,561.65 0.00 262.41
Dist Reg-Operations-Administrative 25.13 574,008.24 0.00 3.28
Dist Reg-Operations-Meter 0.00 80,245.21 0.00 0.00
Dist Reg-Operations-Line 3,037.91 707,895.35 0.00 16.41
Engy Dis Sup-Right of Way Maintenance 62.57 138,975.43 0.00 0.00
Dist Eng-Engineering & Planning 798.97 222,053.27 0.00 1.55
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 0.05 57,673.05 0.00 0.00
Energy Tran-Station 473.26 169,487.93 0.00 522.32
St Const-System Maint-Tools/Equipment 4.63 182.15 0.00 0.00
Operations Center 0.00 0.00 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 87.98 101,153.65 0.00 401.13
Land Mangement Forestry 0.00 72,488.15 0.00 0.00
Land Management Real Estate 0.00 53,095.83 0.00 0.00
Planning & Budgeting 0.00 7,204.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 33.24 55,985.58 0.00 4,381.24
Hydro Plant 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 0.00 81,233.54 0.00 0.00
AdminCorporate Communications 0.00 (137,782.92) 0.00 0.00
Admin-Rates 0.00 706.35 0.00 0.00
AdminOtherAdministrative Group (108.15) (209,054.19) 0.00 (418.36)
Accounting-Adm 2.57 48.44 0.00 0.00
Corp Svc-Fleet Management 29,614.10 4,129.52 0.00 2,548.26
Corp Svc-Building Services 7.96 20,382.06 0.00 252,825.58
Corp Svc-Office Services 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 3,200.32 722,326.05 0.00 64,463.81
----------- -------------- ------ --------------
TOTAL O&M COSTS 39,052.18 3,447,065.77 0.00 325,098.69
CONSTRUCTION, RETIRE, OTHER WIP (115.80) 2,462,123.64 0.00 147,969.30
MATERIAL & SUPPLY COSTS (5,381.40) 113,869.27 0.00 0.00
FACILITY COSTS 0.00 627,339.00 0.00 2,691,502.00
INVESTMENT CARRYING CHARGES 0.00 543,834.00 0.00 1,018,522.00
----------- -------------- ------ --------------
TOTAL $33,554.98 $7,194,231.68 $0.00 $4,183,091.99
=========== ============== ====== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED
INDIANA MICHIGAN POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $409.90 $2.85 $58.98 $13.30 $0.00
Marketing-Business Services 403.00 0.00 0.00 0.00 0.00
Dist Reg-Managerial 1,569.48 2.96 1,452.68 14.17 0.00
Dist Reg-Customer Services 213,602.21 1,171.51 18,583.27 4,411.55 0.00
Dist Reg-Eng-Engin & Planning 46,853.07 699.63 17,983.84 3,323.12 0.00
Dist Reg-Eng-Information & Drafting 126,241.14 54.38 1,275.57 236.55 0.00
Dist Reg-Stores 5,352.79 6.64 218.09 49.15 0.00
Dist Reg-Operations-Administrative 4.95 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 37,206.71 52.37 22,045.15 279.17 0.00
Dist Reg-Operations-Line 331,243.50 164.05 14,993.03 1,313.46 0.00
Engy Dis Sup-Right of Way Maintenance 16,759.17 0.16 8.04 1.74 0.00
Dist Eng-Engineering & Planning 5,736.66 (54.12) (966.14) (155.76) 0.00
Dist Data Systems-Joint Use 6,303.88 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 652,734.93 8,086.33 257,357.87 59,358.84 0.00
Energy Tran-Transmission Line 63,162.93 0.21 140.34 1,468.18 0.00
Energy Tran-Station 142,433.22 66.30 11,031.05 1,643.90 0.00
St Const-System Maint-Tools/Equipment 10,596.71 47.39 1,462.03 289.48 0.00
Operations Center (3,608.62) 0.00 (3,608.62) 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 1,081.25 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 97,188.50 13.39 1,451.12 1,289.04 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate 1,642.89 2.09 90.21 14.90 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 113,584.82 24.10 19,712.18 5,346.09 0.00
Hydro Plant 6,834.31 0.00 5,082.55 335.47 0.00
Nuclear Generation 25,383.38 2.10 14,030.79 3,962.09 0.00
AdminState Pres/Envir & Govt Affairs 4,688.83 0.85 1,420.80 323.65 0.00
AdminCorporate Communications 887.93 0.70 25.38 4.38 0.00
Admin-Rates 109.71 0.66 37.88 9.49 0.00
AdminOtherAdministrative Group 22,358.76 100.11 7,578.57 2,922.31 0.00
Accounting-Adm 60.21 0.86 21.18 4.23 0.00
Corp Svc-Fleet Management (60,904.60) 0.93 54.40 15.58 0.00
Corp Svc-Building Services 9,558.11 0.02 45.04 61.23 0.00
Corp Svc-Office Services 60.63 0.35 20.75 5.21 0.00
LABOR FRINGES ON O&M LABOR 567,021.39 4,058.66 131,064.83 29,065.58 0.00
-------------- ----------- ------------ ------------ ------
TOTAL O&M COSTS 2,446,561.75 14,505.48 522,670.86 115,606.10 0.00
CONSTRUCTION, RETIRE, OTHER WIP 1,361,562.92 7.07 89,155.57 27,892.95 0.00
MATERIAL & SUPPLY COSTS 165,424.50 123.89 12,152.27 25,021.39 0.00
FACILITY COSTS 2,192,057.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 170,276.00 0.00 0.00 0.00 0.00
-------------- ----------- ------------ ------------ ------
TOTAL $6,335,882.17 $14,636.44 $623,978.70 $168,520.44 $0.00
============== =========== ============ ============ ======
2003 INTERCOMPANY BILLING COSTS INCURRED
INDIANA MICHIGAN POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $2.72 $297.78 $34.27 $0.00
Marketing-Business Services 0.00 403.00 0.00 0.00
Dist Reg-Managerial 2.94 57.06 39.67 0.00
Dist Reg-Customer Services 1,097.55 174,967.62 13,370.71 0.00
Dist Reg-Eng-Engin & Planning 848.56 13,389.76 10,608.16 0.00
Dist Reg-Eng-Information & Drafting 706.85 123,152.32 815.47 0.00
Dist Reg-Stores 8.25 4,992.21 71.57 6.88
Dist Reg-Operations-Administrative 0.00 0.00 0.00 4.95
Dist Reg-Operations-Meter 53.67 2,873.99 11,871.97 30.39
Dist Reg-Operations-Line 724.14 279,159.79 34,880.92 8.11
Engy Dis Sup-Right of Way Maintenance 0.26 16,744.12 4.85 0.00
Dist Eng-Engineering & Planning 828.63 6,459.57 (375.52) 0.00
Dist Data Systems-Joint Use 0.00 6,303.88 0.00 0.00
T&D Mat Dist-Central Warehouse 9,633.72 236,268.57 82,022.05 7.55
Energy Tran-Transmission Line 0.16 61,552.20 1.84 0.00
Energy Tran-Station 318.12 124,664.11 4,517.78 191.96
St Const-System Maint-Tools/Equipment 60.56 6,598.10 2,129.15 10.00
Operations Center 0.00 0.00 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 1,081.25 0.00
Telecom-Telcommunications Operations 13.69 89,828.28 4,591.68 1.30
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 2.14 1,255.04 41.27 237.24
Planning & Budgeting 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 26.51 80,191.19 4,489.02 3,795.73
Hydro Plant 0.00 1,284.59 3.69 128.01
Nuclear Generation 2.13 4,617.95 2,545.04 223.28
AdminState Pres/Envir & Govt Affairs 0.88 1,794.55 1,049.42 98.68
AdminCorporate Communications 3.81 29.72 13.62 810.32
Admin-Rates 0.68 35.27 21.75 3.98
AdminOtherAdministrative Group 314.98 7,210.38 4,232.41 0.00
Accounting-Adm 0.90 17.76 15.28 0.00
Corp Svc-Fleet Management (2,281.39) (45,285.06) (8,495.23) (4,913.83)
Corp Svc-Building Services 0.02 7,961.89 54.49 1,435.42
Corp Svc-Office Services 0.37 19.83 11.95 2.17
LABOR FRINGES ON O&M LABOR 5,751.28 350,004.46 46,481.22 595.36
----------- -------------- ------------ --------------
TOTAL O&M COSTS 18,122.13 1,556,849.93 216,129.75 2,677.50
CONSTRUCTION, RETIRE, OTHER WIP 5,652.62 1,085,828.41 67,988.83 85,037.47
MATERIAL & SUPPLY COSTS 1,221.46 106,273.42 20,632.07 0.00
FACILITY COSTS 0.00 0.00 0.00 2,192,057.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 170,276.00
----------- -------------- ------------ --------------
TOTAL $24,996.21 $2,748,951.76 $304,750.65 $2,450,047.97
=========== ============== ============ ==============
2003 INTERCOMPANY BILLING COSTS INCURRED
KENTUCKY POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 366.66 2.41 132.34 0.00 65.91
Dist Reg-Managerial 15,036.23 399.13 7,482.96 0.00 6,794.03
Dist Reg-Customer Services 128,206.84 731.57 43,554.53 0.00 8,053.08
Dist Reg-Eng-Engin & Planning 67,317.41 5,894.40 54,958.69 0.00 941.21
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00
Dist Reg-Stores 37,594.73 9.93 491.52 0.00 189.06
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 79,946.80 407.55 48,674.86 0.00 5,311.46
Dist Reg-Operations-Line 96,281.99 525.91 78,915.45 0.00 13,524.05
Engy Dis Sup-Right of Way Maintenance 831.90 5.46 300.33 0.00 149.51
Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 0.00
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 459,066.97 410.82 210,367.84 0.00 228.19
Energy Tran-Station 739,721.64 10,919.89 324,096.35 0.00 5,205.94
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00
Operations Center (2,869.41) 0.00 (2,869.41) 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 15,365.00 0.00 15,365.00 0.00 0.00
Telecom-Telcommunications Operations 78,004.14 19.30 4,733.55 0.00 389.73
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate (50.00) 0.00 (50.00) 0.00 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 58,468.05 0.00 37,089.59 0.00 15,363.78
Hydro Plant 0.00 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs (110,102.70) (429.28) (18,658.09) 0.00 (17,906.82)
AdminCorporate Communications 5,029.35 0.25 4,978.55 0.00 10.08
Admin-Rates 543.14 2.18 98.94 0.00 95.50
AdminOtherAdministrative Group (42,279.64) 243.15 (42,916.52) 0.00 205.53
Accounting-Adm 3.80 0.05 1.15 0.00 0.75
Corp Svc-Fleet Management 35,118.33 3.66 34,414.05 0.00 97.62
Corp Svc-Building Services 106,176.97 4,205.98 60,592.24 0.00 0.00
Corp Svc-Office Services 919.11 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 514,949.23 5,519.39 241,155.88 0.00 14,859.95
-------------- ----------- -------------- ------ -----------
TOTAL O&M COSTS 2,283,646.54 28,871.75 1,102,909.80 0.00 53,578.56
CONSTRUCTION, RETIRE, OTHER WIP 1,167,426.04 10,639.31 722,179.00 0.00 30,051.39
MATERIAL & SUPPLY COSTS 21,934.42 0.13 12,027.40 0.00 (245.72)
FACILITY COSTS 257,781.00 0.00 1,112.00 0.00 0.00
INVESTMENT CARRYING CHARGES 292,455.00 0.00 0.00 0.00 0.00
-------------- ----------- -------------- ------ -----------
TOTAL $4,023,243.00 $39,511.19 $1,838,228.20 $0.00 $83,384.23
============== =========== ============== ====== ===========
2003 INTERCOMPANY BILLING COSTS INCURRED
KENTUCKY POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 4.33 85.06 76.61 0.00
Dist Reg-Managerial 9.28 181.33 169.50 0.00
Dist Reg-Customer Services 705.44 67,876.19 7,286.03 0.00
Dist Reg-Eng-Engin & Planning 82.37 1,328.88 4,111.86 0.00
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00
Dist Reg-Stores 12.06 36,600.90 291.26 0.00
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 463.61 15,667.25 9,422.07 0.00
Dist Reg-Operations-Line 26.38 2,145.67 1,144.53 0.00
Engy Dis Sup-Right of Way Maintenance 9.82 193.05 173.73 0.00
Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 1,348.88 238,804.83 7,906.41 0.00
Energy Tran-Station 7.05 316,993.24 82,499.17 0.00
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00
Operations Center 0.00 0.00 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 9.64 43,622.27 29,229.65 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 0.00 0.00 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 0.00 5,289.42 414.77 310.49
Hydro Plant 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs (436.92) (14,288.47) (8,508.75) (49,874.37)
AdminCorporate Communications 0.25 8.07 4.80 27.35
Admin-Rates 2.22 79.03 47.27 218.00
AdminOtherAdministrative Group 88.77 (150.28) 249.71 0.00
Accounting-Adm 0.06 0.93 0.86 0.00
Corp Svc-Fleet Management 3.46 431.81 126.15 41.58
Corp Svc-Building Services 0.00 28,845.74 5,639.81 6,893.20
Corp Svc-Office Services 0.00 0.00 0.00 919.11
LABOR FRINGES ON O&M LABOR 950.42 201,696.05 49,454.25 1,313.29
---------- -------------- ------------ ------------
TOTAL O&M COSTS 3,287.12 945,410.97 189,739.69 (40,151.35)
CONSTRUCTION, RETIRE, OTHER WIP 5,552.10 278,683.52 120,320.72 0.00
MATERIAL & SUPPLY COSTS 0.13 8,231.01 1,906.33 15.14
FACILITY COSTS 0.00 0.00 0.00 256,669.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 292,455.00
---------- -------------- ------------ ------------
TOTAL $8,839.35 $1,232,325.50 $311,966.74 $508,987.79
========== ============== ============ ============
2003 INTERCOMPANY BILLING COSTS INCURRED
KINGSPORT POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 0.00 0.00 0.00 0.00 0.00
Dist Reg-Managerial 32,353.11 0.00 32,322.80 30.31 0.00
Dist Reg-Customer Services 6,037.60 0.00 5,035.53 97.43 279.21
Dist Reg-Eng-Engin & Planning 238,557.32 0.00 188,881.41 21,212.21 5,558.67
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00
Dist Reg-Stores 44,403.60 0.00 44,320.96 9.01 21.40
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 13,335.55 0.00 10,716.43 49.49 127.65
Dist Reg-Operations-Line 59,774.53 0.00 51,113.33 7,554.33 54.46
Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00 0.00
Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 0.00
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 27,800.78 0.00 27,800.40 0.05 0.10
Energy Tran-Station 170,179.15 0.00 158,740.33 8,211.03 546.23
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00
Operations Center (84.26) 0.00 (84.26) 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 30,034.63 0.00 29,947.95 6.04 35.10
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 0.00 0.00 0.00 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 0.00 0.00 0.00 0.00 0.00
Hydro Plant 0.00 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 770.00 0.00 770.00 0.00 0.00
AdminCorporate Communications 1,450.74 0.00 1,450.74 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group 4,613.44 0.00 1,422.46 19.74 23.62
Accounting-Adm 0.00 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 5,295.59 0.00 2,498.91 28.91 33.19
Corp Svc-Building Services 10,046.77 0.00 1,205.73 8,841.04 0.00
Corp Svc-Office Services 0.00 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 192,750.09 0.00 175,140.89 6,763.97 2,694.32
-------------- ------ -------------- ------------ ----------
TOTAL O&M COSTS 837,318.64 0.00 731,283.61 52,823.56 9,373.95
CONSTRUCTION, RETIRE, OTHER WIP 1,100,488.98 0.00 990,549.35 101,668.17 0.00
MATERIAL & SUPPLY COSTS 3,662.00 0.00 2,917.02 229.92 0.00
FACILITY COSTS 21,426.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 0.00 0.00
-------------- ------ -------------- ------------ ----------
TOTAL $1,962,895.62 $0.00 $1,724,749.98 $154,721.65 $9,373.95
============== ====== ============== ============ ==========
2003 INTERCOMPANY BILLING COSTS INCURRED
KINGSPORT POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 0.00 0.00 0.00 0.00
Dist Reg-Managerial 0.00 0.00 0.00 0.00
Dist Reg-Customer Services 18.48 389.05 217.90 0.00
Dist Reg-Eng-Engin & Planning 505.83 9,927.28 12,471.92 0.00
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00
Dist Reg-Stores 1.57 37.88 12.78 0.00
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 5.23 168.42 2,268.33 0.00
Dist Reg-Operations-Line 4.57 984.66 63.18 0.00
Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00
Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 0.01 0.17 0.05 0.00
Energy Tran-Station 2.78 2,326.14 352.64 0.00
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00
Operations Center 0.00 0.00 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 0.86 28.00 16.68 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 0.00 0.00 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 0.00 0.00 0.00 0.00
Hydro Plant 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 0.00 0.00 0.00 0.00
AdminCorporate Communications 0.00 0.00 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group 1.19 1,047.72 1,767.01 331.70
Accounting-Adm 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 0.82 26.58 2,615.80 91.38
Corp Svc-Building Services 0.00 0.00 0.00 0.00
Corp Svc-Office Services 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 243.92 4,518.26 3,388.73 0.00
--------- ----------- ----------- -----------
TOTAL O&M COSTS 785.26 19,454.16 23,175.02 423.08
CONSTRUCTION, RETIRE, OTHER WIP 0.00 8,271.46 0.00 0.00
MATERIAL & SUPPLY COSTS (925.26) 0.00 0.00 1,440.32
FACILITY COSTS 0.00 0.00 0.00 21,426.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 0.00
--------- ----------- ----------- -----------
TOTAL ($140.00) $27,725.62 $23,175.02 $23,289.40
========= =========== =========== ===========
2003 INTERCOMPANY BILLING COSTS INCURRED
OHIO POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $1,263.67 $0.00 $1,263.67 $0.00 $0.00
Marketing-Business Services 3,032.22 29.95 1,312.68 128.98 1,155.65
Dist Reg-Managerial 191,370.77 278.69 13,228.54 1,441.64 6,418.16
Dist Reg-Customer Services 464,140.57 686.40 21,114.89 131,032.57 9,855.60
Dist Reg-Eng-Engin & Planning 140,671.09 468.01 49,949.04 13,237.59 9,496.89
Dist Reg-Eng-Information & Drafting 20,650.40 1.91 46.52 9.14 23.20
Dist Reg-Stores 240,597.07 25.34 111,448.09 395.14 1,692.30
Dist Reg-Operations-Administrative 14,719.37 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 95,864.33 7.57 7,693.07 6,805.29 1,313.35
Dist Reg-Operations-Line 2,449,498.22 1,100.31 1,025,640.01 152,965.57 87,561.90
Engy Dis Sup-Right of Way Maintenance 63,005.17 3.98 1,471.21 29,051.78 691.99
Dist Eng-Engineering & Planning 8,639.92 44.19 1,053.09 431.07 825.67
Dist Data Systems-Joint Use 71,018.05 6.18 125.12 23.47 42,850.81
T&D Mat Dist-Central Warehouse 237,712.26 1,604.84 102,415.19 18,500.01 24,829.15
Energy Tran-Transmission Line 564,257.95 23.21 82,635.07 29,149.93 23,558.30
Energy Tran-Station 1,086,359.37 252.30 185,395.71 41,366.59 39,822.67
St Const-System Maint-Tools/Equipment 5,869.38 1.86 3,369.76 21.80 56.97
Operations Center (2,606.81) 3.46 (3,038.58) 138.21 56.15
Engy Delivery Sup-Meter Operations 424,737.74 6,552.81 140,529.04 26,833.29 126,256.48
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 68,936.58 51.03 3,380.59 5,115.28 14,969.25
Land Mangement Forestry 55.31 0.00 0.00 0.00 0.00
Land Management Real Estate 39,213.50 0.49 21,749.74 0.74 0.98
Planning & Budgeting (5,205.05) 0.27 6.73 1.24 (5,217.62)
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 573,562.13 1.30 288,992.73 33,333.64 110,825.37
Hydro Plant 1,512.78 0.00 1,383.89 8.98 119.08
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 12,784.06 0.00 0.00 0.00 0.00
AdminCorporate Communications (156,548.94) 0.00 0.00 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group 120,696.55 181.16 61,192.13 26,768.63 11,693.13
Accounting-Adm 47.66 0.29 6.80 1.33 34.12
Corp Svc-Fleet Management 29,080.64 6.92 (5,190.85) 280.52 (33,817.93)
Corp Svc-Building Services 89,426.38 0.96 11,952.33 383.09 16,704.48
Corp Svc-Office Services 21.22 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 1,683,967.79 4,140.64 348,001.97 117,927.12 134,957.05
--------------- ----------- -------------- -------------- --------------
TOTAL O&M COSTS 8,538,351.35 15,474.07 2,477,128.18 635,352.64 626,733.15
CONSTRUCTION, RETIRE, OTHER WIP 6,491,775.15 78.87 1,315,906.37 336,617.26 1,447,850.98
MATERIAL & SUPPLY COSTS 841,831.12 539.11 131,460.26 56,267.75 37,858.09
FACILITY COSTS 1,542,748.00 0.00 544.00 0.00 0.00
INVESTMENT CARRYING CHARGES 659,700.00 0.00 283.00 0.00 0.00
--------------- ----------- -------------- -------------- --------------
TOTAL $18,074,405.62 $16,092.05 $3,925,321.81 $1,028,237.65 $2,112,442.22
=============== =========== ============== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED
OHIO POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 15.60 0.00 389.36 0.00
Dist Reg-Managerial 554.96 0.00 169,448.78 0.00
Dist Reg-Customer Services 74,410.29 0.00 227,000.08 40.74
Dist Reg-Eng-Engin & Planning 39,405.76 0.00 26,983.55 1,130.25
Dist Reg-Eng-Information & Drafting 22,040.16 0.00 (1,470.53) 0.00
Dist Reg-Stores 477.97 0.00 126,242.61 315.62
Dist Reg-Operations-Administrative 0.00 0.00 14,719.37 0.00
Dist Reg-Operations-Meter 9.66 0.00 80,035.39 0.00
Dist Reg-Operations-Line 56,044.57 0.00 1,126,119.66 66.20
Engy Dis Sup-Right of Way Maintenance 49.75 0.00 31,736.46 0.00
Dist Eng-Engineering & Planning 5,030.18 0.00 1,255.72 0.00
Dist Data Systems-Joint Use 27,907.68 0.00 104.79 0.00
T&D Mat Dist-Central Warehouse 1,699.33 0.00 88,663.38 0.36
Energy Tran-Transmission Line 30,799.46 0.00 398,085.20 6.78
Energy Tran-Station 412,211.69 0.00 407,221.74 88.67
St Const-System Maint-Tools/Equipment 2,359.66 0.00 59.33 0.00
Operations Center 17.99 0.00 215.96 0.00
Engy Delivery Sup-Meter Operations 7,336.12 0.00 117,230.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 5,485.41 0.00 40,475.14 (540.12)
Land Mangement Forestry 0.00 0.00 55.31 0.00
Land Management Real Estate 0.49 0.00 17,461.06 0.00
Planning & Budgeting 0.32 0.00 4.01 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial (1.00) 0.00 133,725.23 6,684.86
Hydro Plant 0.00 0.00 0.83 0.00
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 0.00 0.00 12,784.06 0.00
AdminCorporate Communications 196.81 0.00 (156,745.75) 0.00
Admin-Rates 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group (4,434.90) 0.00 25,197.07 99.33
Accounting-Adm 0.27 0.00 4.85 0.00
Corp Svc-Fleet Management 14,565.82 0.00 52,776.02 460.14
Corp Svc-Building Services 17,520.00 0.00 29,617.07 13,248.45
Corp Svc-Office Services 0.00 0.00 0.00 21.22
LABOR FRINGES ON O&M LABOR 246,075.96 0.00 824,117.51 8,747.54
-------------- ------ -------------- --------------
TOTAL O&M COSTS 959,780.01 0.00 3,793,513.26 30,370.04
CONSTRUCTION, RETIRE, OTHER WIP 810,039.55 0.00 2,498,357.09 82,925.03
MATERIAL & SUPPLY COSTS 24,681.35 0.00 590,887.14 137.42
FACILITY COSTS 0.00 0.00 4,747.00 1,537,457.00
INVESTMENT CARRYING CHARGES 0.00 0.00 5,013.00 654,404.00
-------------- ------ -------------- --------------
TOTAL $1,794,500.91 $0.00 $6,892,517.49 $2,305,293.49
============== ====== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED
WHEELING POWER COMPANY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 1,064.66 6.39 316.25 28.29 286.59
Dist Reg-Managerial 50,175.38 0.00 0.00 0.00 0.00
Dist Reg-Customer Services 1,027.56 2.73 156.07 32.72 76.78
Dist Reg-Eng-Engin & Planning 26,383.03 11.67 523.62 107.42 260.41
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00
Dist Reg-Stores 43.24 0.00 0.15 0.04 0.09
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 35,243.34 1.82 7,917.55 21.38 50.21
Dist Reg-Operations-Line 118,505.17 599.36 67,226.56 2,850.27 8,099.32
Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00 0.00
Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00 0.00
Dist Data Systems-Joint Use 349.99 0.00 0.00 0.00 349.99
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 10,285.74 0.00 0.04 0.01 0.03
Energy Tran-Station 3,802.77 0.00 0.00 0.00 0.00
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00
Operations Center 426.35 8.68 12.03 32.96 108.53
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 685.00 0.00 0.00 0.00 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 0.00 0.00 0.00 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 0.00 0.00 0.00 0.00 0.00
Hydro Plant 0.00 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 25,181.90 0.00 25,181.90 0.00 0.00
AdminCorporate Communications 1,207.28 0.00 1,207.28 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group (8,356.93) (533.69) (6,030.89) 21.24 257.67
Accounting-Adm 0.00 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management (2,905.39) 0.00 0.00 0.20 (3,477.46)
Corp Svc-Building Services 39,035.26 0.00 0.00 0.00 71.72
Corp Svc-Office Services 0.00 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 85,961.63 228.26 6,453.17 1,084.82 5,373.14
------------ -------- ------------ ---------- -----------
TOTAL O&M COSTS 388,115.98 325.22 102,963.73 4,179.35 11,457.02
CONSTRUCTION, RETIRE, OTHER WIP 306,153.50 0.00 3,875.01 0.00 (10.15)
MATERIAL & SUPPLY COSTS 32,593.88 188.53 0.00 54.78 0.00
FACILITY COSTS 4,547.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 2,290.00 0.00 0.00 0.00 0.00
------------ -------- ------------ ---------- -----------
TOTAL $733,700.36 $513.75 $106,838.74 $4,234.13 $11,446.87
============ ======== ============ ========== ===========
2003 INTERCOMPANY BILLING COSTS INCURRED
WHEELING POWER COMPANY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $0.00 $0.00 $0.00
Marketing-Business Services 0.00 347.28 79.86 0.00
Dist Reg-Managerial 0.00 50,175.38 0.00 0.00
Dist Reg-Customer Services 0.00 179.78 567.18 12.30
Dist Reg-Eng-Engin & Planning 0.00 25,178.92 300.99 0.00
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00
Dist Reg-Stores 0.00 42.91 0.05 0.00
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 0.00 24,574.68 2,677.70 0.00
Dist Reg-Operations-Line 0.00 30,618.19 9,111.47 0.00
Engy Dis Sup-Right of Way Maintenance 0.00 0.00 0.00 0.00
Dist Eng-Engineering & Planning 0.00 0.00 0.00 0.00
Dist Data Systems-Joint Use 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 0.00 10,285.65 0.01 0.00
Energy Tran-Station 0.00 3,890.59 (87.82) 0.00
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00
Operations Center 0.00 133.27 130.88 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 0.00 685.00 0.00 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 0.00 0.00 0.00
Planning & Budgeting 0.00 0.00 0.00 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 0.00 0.00 0.00 0.00
Hydro Plant 0.00 0.00 0.00 0.00
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 0.00 0.00 0.00 0.00
AdminCorporate Communications 0.00 0.00 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group 0.00 (2,247.62) 176.15 0.21
Accounting-Adm 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 0.00 571.87 0.00 0.00
Corp Svc-Building Services 0.00 38,951.32 0.00 12.22
Corp Svc-Office Services 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 0.00 69,050.25 3,762.23 9.76
------ ------------ ----------- ----------
TOTAL O&M COSTS 0.00 252,437.47 16,718.70 34.49
CONSTRUCTION, RETIRE, OTHER WIP 0.00 301,479.64 809.00 0.00
MATERIAL & SUPPLY COSTS 0.00 32,329.87 20.70 0.00
FACILITY COSTS 0.00 3,120.00 0.00 1,427.00
INVESTMENT CARRYING CHARGES 0.00 1,131.00 0.00 1,159.00
------ ------------ ----------- ----------
TOTAL $0.00 $590,497.98 $17,548.40 $2,620.49
====== ============ =========== ==========
2003 INTERCOMPANY BILLING COSTS INCURRED
TOTAL COMPANY SUMMARY
Kingsport Appalachian Kentucky Indiana Michigan
COMPANY BENEFITING FROM WORK Total Power Company Power Company Power Company Power Company
---------------------------- --------- ------------- ------------- ------------- ----------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $5,406.25 $319.21 $1,322.65 $2,064.86 $7.10
Marketing-Business Services (8,348.14) 61.19 2,343.11 95.22 (2,300.71)
Dist Reg-Managerial 601,339.87 20,446.35 60,317.40 73,116.16 24,039.18
Dist Reg-Customer Services 1,768,358.04 47,341.01 131,247.36 672,989.65 42,290.60
Dist Reg-Eng-Engin & Planning 1,134,312.45 47,284.94 382,189.55 307,808.62 51,984.03
Dist Reg-Eng-Information & Drafting 460,300.18 8,565.11 17,161.18 54,288.03 (7,007.56)
Dist Reg-Stores 473,987.22 2,045.43 156,608.68 45,923.29 12,893.85
Dist Reg-Operations-Administrative 725,815.93 18.95 131,746.70 4,995.47 293.84
Dist Reg-Operations-Meter 392,380.85 559.59 97,047.06 38,901.59 8,025.48
Dist Reg-Operations-Line 5,279,854.64 42,912.50 1,542,787.20 1,006,208.70 263,061.36
Engy Dis Sup-Right of Way Maintenance 333,714.65 31,554.40 7,323.63 92,466.74 3,025.40
Dist Eng-Engineering & Planning 325,802.37 3,901.71 36,995.73 21,954.45 13,479.69
Dist Data Systems-Joint Use 118,473.58 10,291.40 125.12 30,539.91 43,200.80
T&D Mat Dist-Central Warehouse 991,582.89 94,708.36 359,773.06 79,730.46 29,002.78
Energy Tran-Transmission Line 1,327,809.45 72,648.15 320,944.95 62,812.40 33,432.96
Energy Tran-Station 3,081,412.11 37,426.96 708,655.61 589,208.36 62,103.14
St Const-System Maint-Tools/Equipment 61,823.08 4,147.18 4,953.44 15,829.28 10,603.50
Operations Center (12,016.72) 157.74 (22,232.03) 1,999.18 2,613.33
Engy Delivery Sup-Meter Operations 611,285.04 10,138.72 140,529.04 46,565.65 172,843.75
Telecom-Telcommunications Engineering 16,446.25 0.00 15,365.00 0.00 0.00
Telecom-Telcommunications Operations 442,587.07 13,785.74 52,274.11 23,079.33 29,930.68
Land Mangement Forestry 78,365.83 0.60 1,894.93 501.40 1,433.53
Land Management Real Estate 106,647.30 2,377.08 22,046.31 9,982.74 45.90
Planning & Budgeting 1,998.95 0.27 6.73 1.24 (5,217.62)
Coal Terminal-Cook 0.00 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 1,058,867.45 60.14 398,755.88 67,994.99 187,601.67
Hydro Plant 265,682.28 0.04 6,466.44 883.85 4,555.54
Nuclear Generation 25,383.38 2.10 14,030.79 3,962.09 0.00
AdminState Pres/Envir & Govt Affairs 57,327.61 (426.93) 8,714.61 18,988.79 (17,832.72)
AdminCorporate Communications (280,890.84) 112.32 7,661.95 514.21 4,252.67
Admin-Rates 2,855.67 (1.00) 136.82 29.82 157.97
AdminOtherAdministrative Group (108,432.94) (4,978.20) 16,553.79 67,065.42 45,912.48
Accounting-Adm 298.68 4.13 87.34 19.38 78.14
Corp Svc-Fleet Management 21,264.72 16,694.61 13,316.83 13,354.86 (62,377.16)
Corp Svc-Building Services 620,333.74 57,162.01 74,838.20 26,070.64 17,523.55
Corp Svc-Office Services 12,095.10 11,194.29 20.75 2,367.81 (450.87)
LABOR FRINGES ON O&M LABOR 5,200,822.73 175,029.73 1,035,840.93 790,903.13 259,001.49
--------------- -------------- -------------- -------------- --------------
TOTAL O&M COSTS 25,194,946.72 705,545.83 5,747,850.85 4,173,217.72 1,228,207.77
CONSTRUCTION, RETIRE, OTHER WIP 18,136,513.58 491,411.35 3,405,212.32 2,786,555.45 1,967,071.20
MATERIAL & SUPPLY COSTS 1,572,619.90 84,214.06 163,461.09 160,891.31 88,846.94
FACILITY COSTS 9,122,142.00 0.00 1,656.00 0.00 0.00
INVESTMENT CARRYING CHARGES 3,582,887.00 0.00 283.00 0.00 0.00
--------------- -------------- -------------- -------------- --------------
TOTAL $57,609,109.20 $1,281,171.24 $9,318,463.26 $7,120,664.48 $3,284,125.91
=============== ============== ============== ============== ==============
2003 INTERCOMPANY BILLING COSTS INCURRED
TOTAL COMPANY SUMMARY (Continued)
American
Electric Power
Wheeling Power Ohio Power Columbus Southern Service
COMPANY BENEFITING FROM WORK Company Company Power Company Corporation
---------------------------- -------------- ---------- ----------------- --------------
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $3.38 $1,087.55 $40.96 $560.54
Marketing-Business Services (1,088.35) (6,623.31) (835.29) 0.00
Dist Reg-Managerial 1,153.07 241,730.22 175,350.85 5,186.64
Dist Reg-Customer Services 78,313.98 526,628.16 269,406.18 141.10
Dist Reg-Eng-Engin & Planning 44,477.58 205,831.91 93,534.61 1,201.21
Dist Reg-Eng-Information & Drafting 23,154.32 361,101.05 3,038.05 0.00
Dist Reg-Stores 819.36 95,102.48 159,721.30 872.83
Dist Reg-Operations-Administrative 25.13 574,008.24 14,719.37 8.23
Dist Reg-Operations-Meter 633.83 129,720.01 117,462.90 30.39
Dist Reg-Operations-Line 63,315.48 1,123,635.98 1,237,788.95 144.47
Engy Dis Sup-Right of Way Maintenance 211.48 157,567.03 33,289.44 8,276.53
Dist Eng-Engineering & Planning 8,548.05 237,321.33 3,594.47 6.94
Dist Data Systems-Joint Use 27,907.68 6,303.88 104.79 0.00
T&D Mat Dist-Central Warehouse 11,618.80 243,040.52 173,473.57 235.34
Energy Tran-Transmission Line 32,163.03 399,171.85 406,629.33 6.78
Energy Tran-Station 413,174.65 673,813.85 595,670.84 1,358.70
St Const-System Maint-Tools/Equipment 2,436.42 21,517.84 2,325.42 10.00
Operations Center 98.54 3,335.34 2,011.18 0.00
Engy Delivery Sup-Meter Operations 10,705.40 61,599.66 168,902.82 0.00
Telecom-Telcommunications Engineering 0.00 0.00 1,081.25 0.00
Telecom-Telcommunications Operations 5,679.37 240,651.91 75,786.68 1,399.25
Land Mangement Forestry 0.68 74,337.76 194.15 2.78
Land Management Real Estate 3.82 54,408.75 17,540.14 242.56
Planning & Budgeting 0.32 7,204.00 4.01 0.00
Coal Terminal-Cook 0.00 0.00 0.00 0.00
Coal Terminal-Putnam 0.00 0.00 0.00 0.00
Fossil Power Plant Managerial 60.32 242,614.37 145,680.19 16,099.89
Hydro Plant 0.04 253,627.26 16.78 132.33
Nuclear Generation 2.13 4,617.95 2,545.04 223.28
AdminState Pres/Envir & Govt Affairs 23,384.82 68,804.87 5,364.07 (49,669.90)
AdminCorporate Communications 200.87 (137,743.20) (156,727.33) 837.67
Admin-Rates 1,207.51 898.27 204.30 221.98
AdminOtherAdministrative Group (4,008.93) (279,502.95) 49,488.80 1,036.65
Accounting-Adm 4.30 76.45 28.94 0.00
Corp Svc-Fleet Management 41,902.71 (45,273.65) 40,034.14 3,612.38
Corp Svc-Building Services 17,532.28 96,266.09 35,375.04 295,565.93
Corp Svc-Office Services (10.61) (339.71) (202.22) (484.34)
LABOR FRINGES ON O&M LABOR 262,150.22 1,581,987.64 1,015,627.38 80,282.21
-------------- --------------- -------------- ---------------
TOTAL O&M COSTS 1,065,781.68 7,218,529.40 4,688,271.10 367,542.37
CONSTRUCTION, RETIRE, OTHER WIP 842,455.97 4,930,308.72 3,207,802.30 505,696.27
MATERIAL & SUPPLY COSTS 22,336.35 332,862.52 718,414.75 1,592.88
FACILITY COSTS 0.00 630,459.00 4,747.00 8,485,280.00
INVESTMENT CARRYING CHARGES 0.00 544,965.00 5,013.00 3,032,626.00
-------------- --------------- -------------- ---------------
TOTAL $1,930,574.00 $13,657,124.64 $8,624,248.15 $12,392,737.52
============== =============== ============== ===============
EXHIBIT G - ORGANIZATIONAL CHART - EXEMPT WHOLESALE GENERATORS, FOREIGN UTILITY
COMPANIES
-------------------------------------------------------------------------------
Organization chart showing the relationship of each EWG or foreign utility
company in which the system holds an interest to other system companies.
Each direct or indirect subsidiary of AEP Co., Inc. listed below is owned by the
company immediately above it. The percentage ownership is 100% except where
noted.
00. American Electric Power Company, Inc.
01. AEP Desert Sky LP, LLC
02. AEP Desert Sky GP, LLC
03. Desert Sky Wind Farm LP (EWG) (a)
01. AEP Desert Sky LP II, LLC
02. Desert Sky Wind Farm LP (EWG)(a)
01. AEP Resources, Inc.
02. AEP Resources Australia Pty., Ltd.
03. Pacific Hydro Ltd. (20%) (FUCO)
02. NGLE International, Limited
03. NGLE Pushan Power LDC (b)
04. Nanyang General Light Electric Co., Ltd. (FUCO) (c)
03. NGLE Project Management Company, Ltd.
04. NGLE Pushan Power LDC (b)
05. Nanyang General Light Electric Co., Ltd. (FUCO) (c)
02. AEP Delaware Investment Company (FUCO)
03. AEP Holdings I C.V. (FUCO) (d)
04. AEPR Global Investments B.V. (FUCO)
05. AEPR Global Holland Holding B.V. (FUCO)
04. AEP Holdings II C.V. (FUCO) (e)
05. AEP Energy Services UK Generation Limited (FUCO)
05. AEP Energy Services Limited (FUCO)
05. Intergen Denmark, Aps (FUCO) (f)
02. AEP Delaware Investment Company II (FUCO)
03. AEP Holdings II C.V. (FUCO) (e)
04. AEP Energy Services UK Generation Limited (FUCO)
04. AEP Energy Services Limited (FUCO)
04. AEPR Global Ventures B.V. (FUCO)
05. AEP Energy Services (Australia) Pty., Ltd. (FUCO)
05. Operaciones Azteca VIII, S. de R.L. de C.V. (FUCO) (g)
05. Servicios Azteca VIII, S. de R.L. de C.V. (FUCO) (g)
04. Intergen Denmark, Aps (FUCO) (f)
02. AEPR Ohio, LLC (FUCO)
03. AEP Delaware Investment Co. III
04. AEP Holdings I C.V. (FUCO) (d)
05. AEPR Global Investments B.V. (FUCO)
06. AEPR Global Holland Holding B.V. (FUCO)
06. AEP Energy Services UK Generation Limited (FUCO)
05. AEP Holdings II C.V. (FUCO) (e)
06. AEP Energy Services Limited (FUCO)
06. AEPR Global Ventures B.V. (FUCO)
07. AEP Energy Services (Australia) Pty., Ltd. (FUCO)
06. Intergen Denmark, Aps (FUCO) (f)
07. Intergen Mexico,B.V. (FUCO)
08. Intergen Aztec Energy VIII, B.V. (FUCO)
09. Energia Azteca VIII, S. de R.L. de C.V. (FUCO)
09. Intergen Aztec Energy VI, B.V. (FUCO)
10. Energia Azteca VIII, S. de R.L. de C.V. (FUCO)(h)
06. AEPR Global Energy B.V (FUCO)
07. Intergen Denmark, Aps (FUCO) (f)
01. AEP Utilities, Inc.
02. CSW Energy, Inc.
03. AEP Wind Holding LLC
04. AEP Wind GP, LLC
05. Trent Wind Farm L.P. (EWG) (i)
04. AEP Wind LP, II, LLC
05. Trent Wind Farm L.P. (EWG) (i)
02. CSW International Inc.
03. CSW International Two, Inc.
04. CSW UK Holdings
05. CSWI Europe Limited
06. South Coast Power Limited (FUCO) (j)
(a) Owned 99% by AEP Desert Sky LP II, LLC and 1% by AEP Desert Sky GP,LLC.
(b) Owned 99% by NGLE International, Limited and 1% by NGLE Project Management
Company, Ltd.
(c) NGLE Pushan Power LDC owns 70% and the remaining 30% is owned
by two unaffiliated companies.
(d) Owned 92% by AEP Delaware Investment Co. III and 8% by AEP Delaware
Investment Company.
(e) Owned 88% by AEP Holdings I C.V. and 12% by AEP Delaware Investment
Company II.
(f) Owned 48.83% by AEP Holdings II C.V., 1.17% by AEPR Global Energy B.V. and
50% by unaffiliated companies.
(g) Owned 50% by AEPR Global Ventures B.V. and 50% by an unaffiliated company.
(h) Owned 98% by Intergen Aztec Energy VIII, B.V. and 2% by Intergen Aztec
Energy VI, B.V.
(i) Owned 99% by AEP Wind LP II, LLC and 1% by AEP Wind GP, LLC.
(j) Owned 50% by CSWI Europe Limited and 50% by an unaffiliated company.