File No.30-150
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM U5S
ANNUAL REPORT
For the year ended December 31, 2002
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, 2002
TABLE OF CONTENTS
Page
ITEM 1. SYSTEM COMPANIES AND INVESTMENT THEREIN
AS OF DECEMBER 31, 2002. . . . . . . . . . . . . . . . . . . 1 - 8
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS. . . . . . . . . . . 9
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION
OF SYSTEM SECURITIES . . . . . . . . . . . . . . . . . . . . 9
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF
SYSTEM SECURITIES. . . . . . . . . . . . . . . . . . . . . . 10 - 13
ITEM 5. INVESTMENTS IN SECURITIES OF NON-SYSTEM
COMPANIES. . . . . . . . . . . . . . . . . . . . . . . . . . 14 - 15
ITEM 6. OFFICERS AND DIRECTORS
Part I. Names, principal business address and positions
held as of December 31, 2002. . . . . . . . . . . 16 - 35
Part II. Banking connections . . . . . . . . . . . . . . . 36
Part III. Compensation and other related information. . . . 37 - 48
ITEM 7. CONTRIBUTIONS AND PUBLIC RELATIONS . . . . . . . . . . . . . 49
ITEM 8. SERVICE, SALES AND CONSTRUCTION CONTRACTS
Part I. Contracts for services or goods between system
companies. . . . . . . . . . . . . . . . . . . . 50 - 51
Part II. Contracts to purchase services or goods between
any system company and any affiliate . . . . . . 51
Part III. Employment of any person by any system company
for the performance on a continuing basis of
management services. . . . . . . . . . . . . . . 51
ITEM 9. WHOLESALE GENERATORS AND
FOREIGN UTILITY COMPANIES. . . . . . . . . . . . . . . . . . 52 - 56
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS (Index). . . . . . . . . . 57
SIGNATURE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58
Item 1. Sytsem Companies and Investment Therein As of December 31, 2002
Number of
Common Owned By Owned By Issuer Owner's
Shares Immediate Other Book Value Book Value
COMPANY NAME Owned Parent Entity (in OOO's) (in 000'S)
----------- -------- ------- --------- ----------
00. American Electric Power Company, Inc. [Note A] - -
01. American Electric Power Service Corporation [Note B] 23,500 100% 1,450 1,450
01. AEP C&I Company, LLC [Note W] Uncertified 100% 19,399 19,399
02. AEP Ohio Commercial & Industrial Retail Company, LLC [Note W] Uncertified 100% 4,207 4,207
02. AEP Texas Commercial & Industrial Retail GP, LLC [Note W] Uncertified 100% 6,882 6,882
03. AEP Texas Commercial & Industrial Retail Limited Partnership [Note W] Partnership 0.50% 99.50% 54,592 273
02. AEP Texas Commercial & Industrial Retail Limited Partnership [Note W] Partnership 99.50% 0.50% 54,592 54,319
02. AEP Gas Power GP, LLC [Note G] Uncertified 100% 4,650 4,650
03. AEP Gas Power Systems, LLC [Note G] 100 75% 25% 2,619 2,619
01. AEP Coal, Inc. [Note L] Uncertified 100% (38,013) (38,013)
02. Snowcap Coal Company, Inc. [Note L] Uncertified 100% (263) (263)
02. AEP Kentucky Coal, LLC [Note L] Uncertified 100% (29,344) (29,344)
02. AEP Ohio Coal, LLC [Note L] Uncertified 100% (8,348) (8,348)
02. AEP West Virginia Coal, Inc. [Note L] Uncertified 100% (58) (58)
01. AEP Communications, Inc. [Note C] 100 100% (165,078) (165,078)
02. AEP Communications, LLC [Note C] Uncertified 100% (169,791) (169,791)
03. C3 Networks Limited Partnership [Note C] Partnership 49.75% 49.75% - -
04. C3 Networks & Communications Limited Partnership [Note C] Partnership 99.50% 0.50% (34) (34)
03. American Fiber Touch, LLC [Note C] Uncertified 50% 50% 23,045 23,045
03. AEP Fiber Venture, LLC [Note C] Uncertified 100% 30,206 30,206
04. AFN Communications, LLC [Note C] 5,008 49% 51% 5 -
01. AEP Energy Services, Inc. [Note D] 200 100% (47,334) (47,334)
02. Energy Trading Platform Holding Company, Inc. [Note W] Uncertified 16.7% 83.30% - -
03 Intercontinental Exchange Inc. Uncertified 0.5% 95.00% - -
01. AEP Generating Company [Note J] 1,000 100% 42,957 42,597
01. AEP Desert Sky LP, LLC [Note X] Uncertified 100% 8,095 8,095
02. AEP Desert Sky GP, LLC [Note X] Uncertified 100% 4,648 4,648
03. Desert Sky Wind Farm LP [Note X] Partnership 1% 99% 1,392 1,392
01. AEP Desert LP II, LLC [Note X] Partnership 100% (11,147) (11,147)
02. Desert Sky Wind Farm LP [Note X] Partnership 99% 1% - -
01. Golden Prairie Holding Company LLC [Note X] Uncertified 100% - -
02. Golden Prairie Wind Farm LLC [Note X] Uncertified 100% - -
01. AEP Investments, Inc. [Note F] 100 100% 1,771 1,761
02. AEP EmTech, LLC [Note DD] Uncertified 100% (2,610) (2,610)
03. Altra Energy Technologies, Inc. [Note DD] N/A 5% 95% - 300
03. Amperion, Inc. [Note DD] N/A 38.30% 61.70% - -
03. Universal Supercapacitors, LLC [Note DD] Uncertified 50% 50% - 732
03. Integrated Fuel Cell Technologies, Inc. [DD] Uncertified 0.10% 99.90% - -
03. Distribution Vision 2010, LLC [Note DD} Uncertified 20% 80% - -
02. Active Power Inc. [Note DD] 118,843 100% 211,541 211,541
02. Pantellos Corporation [Note DD] 28,883 5.40% 94.60% - 5,289
02. PowerSpan Corp [Note DD] N/A 9.80% 90.20% - 5,000
02. PHPK Technologies, Inc. [Note DD] N/A 29.00% 71.00% - 1,303
01. Mutual Energy L.L.C. [Note W] Uncertified 100% (6,260) (6,260)
02. Mutual Energy Service Company, L.L.C. [Note W] Uncertified 100% 33,617 33,617
02. AEP Ohio Retail Energy, LLC [Note W] Uncertified 100% 5,456 5,456
01. AEP Power Marketing, Inc. [Note N] 100 100% - -
01. AEP T&D Services, LLC [Note BB] Uncertified 100% (127) (127)
01. AEP Pro Serv, Inc. [Note I] 110 100% 8,586 8,586
01. AEP Retail Energy LLC [Note W] Uncertified 100% 325 325
01. AEP Texas POLR, LLC [Note W] Uncertified 100% (199) (199)
02. AEP Texas POLR GP, LLC [Note W] Uncertified 100% (1) (1)
03. POLR Power, L.P. [Note W] Partnership 0.50% 99.50% 7,784 39
02. POLR Power, L.P. [Note W] Partnership 99.50% 0.50% 7,784 7,745
01. AEP Resources, Inc. [Note H] 100 100% 105,194 99,946
02. AEP Delaware Investment Company [Note H] 100 100% 132,777 132,777
03. AEP Holdings I CV [Note H] 10 15% 85% (288,341) (43,252)
04. AEPR Global Investments B.V. [Note H] N/A 85% 15% (399,319) (288,426)
05. AEPR Global Holland Holding B.V. [Note H] Uncertified 100% (159,355) (178,408)
04. AEP Funding Limited [Note H] Uncertified 100% N/A N/A
03. AEP Holdings II CV [Note H] Partnership 85% 15% 221,122 176,111
04. AEP Energy Services Limited [Note H] Uncertified 100% 34,711 38,087
05. AEP Energy Services Trading Limited [Note H] Uncertified 100% N/A N/A
04. AEPR Global Ventures B.V. [Note H] Uncertified 100% (8,938) (10,150)
05. AEP Energy Services (Norway) AS [Note H] Uncertified 100% - -
05. Operaciones Azteca VIII, S. de R.L. de C.V. [Note H] Uncertified 50% 50% N/A N/A
05. Servicios Azteca VIII, S. de R.L. de C.V. [Note H] Uncertified 50% 50% N/A N/A
05. AEPR Global Energy B.V. Uncertified 100% - -
05. AEPR Energy Ventures B.V. Uncertified 100% - -
05. AEP Energy Services (Australia) Pty Ltd Uncertified 100% - -
05. AEP Energy Services (Switzerland) GmbH [Note H] Uncertified 100% - -
05. AEP Energy Services (Austria) GmbH [Note H] Uncertified 100% - -
05. AEP Energy Services GmbH [Note H] Uncertified 100% - -
04. Intergen Denmark, Aps [Note H] Partnership 50% 50% N/A N/A
05. Intergen Denmark Finance Aps [Note H] Partnership 100% N/A N/A
05. Intergen Mexico, B.V. [Note H] Partnership 100% N/A N/A
06. Intergen Aztec Energy VIII B.V. [Note H] Partnership 100% N/A N/A
07. Intergen Aztec Energy VI B.V Partnership 100% N/A N/A
07. Energia Azteca VIII S. de R. Partnership 100% N/A N/A
04. AEP Energy Services UK Generation Limited [Note H] Uncertified 100% (168,316) (160,970)
04. Compresion Bajio S de R.L. de C.V. [Note H] Uncertified 50% 50% N/A N/A
02. AEP Delaware Investment Company II [Note H] 1,000 100% 73,108 73,108
03. AEP Resources do Brazil Ltda [Note H] Uncertified 1% 99% - -
03. AEP Holdings II CV [Note H] Uncertified 15% 85% 221,122 176,111
04. AEP Energy Services Limited [Note H] Uncertified 100% 34,711 38,087
05. AEP Energy Services (Austria) GmbH [Note H] Uncertified 100% - -
05. AEP Energy Services GmbH [Note H] Uncertified 100% - -
06. AEP Energy Services Trading Limited [Note H] Uncertified 100% - -
04. AEPR Global Ventures B.V. [Note H] Uncertified 99.97% 0.03% (8,938) (10,150)
05. AEP Energy Services (Norway) AS [Note H] Uncertified 100% (11,734) (11,837)
05. Operaciones Azteca VIII, S. de R.L. de C. V. [Note H] Uncertified 50% 50% N/A N/A
05. Servicios Azteca VIII, S. de R.L. de C.V. [Note H] Uncertified 50% 50% N/A N/A
05. AEPR Global Energy B.V. Uncertified 100% - -
05. AEPR Energy Ventures B.V. Uncertified 100% - -
05. AEP Energy Services (Australia) Pty Ltd Uncertified 100% - -
04. Intergen Denmark, Aps [Note H] Partnership 50% 50% - -
05. Intergen Denmark Finance Aps [Note H] Partnership 50% 50% - -
05. Intergen Mexico, B.V. [Note H] Partnership 100% - -
06. Intergen Aztec Energy VIII B.V. [Note H] Partnership 100% N/A N/A
07. Intergen Aztec Energy VI B.V. [Note H] Partnership 100% N/A N/A
07. Energia Azteca VIII S. de R.L. de C.V. [Note H] Partnership 100% N/A N/A
04. AEP Energy Services UK Generation Limited [Note H] Uncertified 100% N/A N/A
04. Compresion Bajio S de R.L. de C.V. [Note H] Uncertified 50% 50% N/A N/A
02. AEP Memco LLC [Note Y] Uncertified 100% 52,798 52,798
03. AEP Elmwood LLC [Note Y] Uncertified 100% - -
04. Conlease, Inc. [Note Y] Uncertified 100% - -
04. International Marine Terminals [Note Y] Uncertified 33-1/3% 66-2/3% - -
02. AEP Resources Australia Holdings Pty Ltd [Note H] 1 100% (55,046) (55,046)
02. AEP Resources Australia Pty., Ltd. [Note H] 3,753,752 100% 20,912 20,912
03. Pacific Hydro Limited [Note H] 23,960,963 20% 80% - 23,976
02. AEP Resources Limited [Note H] 1 100% 1,034 1,034
02. AEP Energy Services Gas Holding Company [Note CC] 10 100% 324,831 324,831
03. AEP Energy Services Gas Holding Company II, LLC [Note Uncertified 100% 660,428 660,428
04. Caddis Partners, LLC [Note CC] Uncertified 100% 761,217 761,217
04. AEP Energy Services Ventures III, Inc. [Note CC] 10 100% 164,894 164,894
04. HPL Holdings Inc. [Note CC] 100 100% 758,708 758,708
05. AEP Gas Marketing, LP [Note CC] Uncertified 99.50% 0.50% (5,687) (30)
05. HPL GP, LLC [Note CC] 5 100% 144,988 144,988
06. HPL Resources Company LP [Note CC] Uncertified 0.50% 99.50% (2) (2)
06. AEP Gas Marketing, LP [Note CC] Uncertified 0.50% 99.50% (5,687) (5,657)
06. Houston Pipe Line Company LP [Note CC] Uncertified 0.50% 99.50% 764,396 764,218
07. Mid-Texas Pipeline Company [Note CC] Uncertified 50% 50% 68,773 34,386
05. HPL Resources Company LP [Note CC] Uncertified 99.50% 0.50% (2) (2)
05. Houston Pipe Line Company LP [Note CC] 995 99.50% 0.50% 764,396 764,218
06. Mid-Texas Pipeline Company [Note CC] Uncertified 50% 50% 68,773 34,386
04. AEP Energy Services Investments, Inc. [Note CC] 100 100% 115,313 115,313
05. LIG Pipeline Company [Note CC] 100 100% 115,260 115,260
06. LIG, Inc. [Note CC] 100 100% 11,502 11,502
07. Louisiana Intrastate Gas Company L.L.C. [Note CC] 100 10% 90% 115,326 11,533
08. LIG Chemical Company [Note CC] 100 100% (15,969) (15,359)
09. LIG Liquids Company, L.L.C. [Note CC] 10 10% 90% 15,407 1,541
08. LIG Liquids Company, L.L.C. [Note CC] 90 90% 10% 15,407 13,866
08. Tuscaloosa Pipeline Company [Note CC] 100 100% 667 667
06. Louisiana Intrastate Gas Company, L.L.C. [Note CC] 900 90% 10% 115,326 103,793
07. LIG Chemical Company [Note CC] 900 100% (15,936) (15,369)
08. LIG Liquids Company, L.L.C. [Note CC] 90 10% 90% 15,407 1,541
07. LIG Liquids Company, L.L.C. [Note CC] 810 90% 10% 15,407 13,866
07. Tuscaloosa Pipeline Company [Note CC] 900 100% 667 667
04. AEP Energy Services Ventures, Inc. [Note CC] 100 100% 16,367 16,367
05. AEP Acquisition, LLC [Note CC] Uncertified 50% 50% 22,925 11,462
06. Jefferson Island Storage & Hub L.L.C. [Note CC] 50 100% 220,076 220,076
04. AEP Energy Services Ventures II, Inc. [Note CC] 10 100% 16,418 16,418
05. AEP Acquisition, LLC [Note CC] Uncertified 50% 50% 22,925 11,462
06. Jefferson Island Storage & Hub L.L.C. [Note CC] 50 100% 220,076 220,076
02. AEP Resources International, Limited [Note H] 2 100% 27,791 27,791
03. NGLE Pushan Power, LDC [Note H] 99 99% 1% 27,927 27,647
04. Nanyang General Light Electric Co., Ltd. [Note H] Uncertified 70% 30% 74,393 52,079
03. AEP Resources Project Management Company, Ltd. [Note H] Uncertified 100% 275 275
04. NGLE Pushan Power, LDC [Note H] 99 1% 99% N/A N/A
05. Nanyang General Light Electric Co., Ltd. [Note H] Uncertified 70% 30% N/A N/A
02. AEP Resources do Brazil Ltda [Note H] Uncertified 99% 1% N/A N/A
02. Ventures Lease Co., LLC [Note H] Uncertified 100% (17) (17)
02. United Sciences Testing, Inc. Uncertified 100% 4,342 4,342
02. AEPR Ohio, LLC Uncertified 100% 19,436 19,436
03. AEP Delaware Investment Company III [Note H] Uncertified 100% 508,544 438,280
04. AEP Holdings I CV [Note H] Uncertified 85% 15% (288,341) (43,252)
05. AEPR Global Investments BV [Note H] Uncertified 85% 15% (399,319) (288,426)
06. AEPR Global Holland Holding BV [Note H] Uncertified 100% (159,355) (178,408)
06. AEP Energy Services UK Generation [Note H] Uncertified 100% N/A N/A
04. AEPR Global Investments BV [Note H] Uncertified 15% 85% (288,341) (43,252)
05. AEPR Global Holland Holding BV [Note H] Uncertified 100% - -
05. AEP Energy Services UK Generation Limited [Note H] Uncertified 100% - -
01. Appalachian Power Company [Note J] 13,499,500 98.7% 1.3% 1,166,057 1,166,057
02. Cedar Coal Co. [Note K] 2,000 100% 4,941 4,941
02. Central Appalachian Coal Company [Note K] 3,000 100% 766 766
02. Central Coal Company [Note K] 1,500 50% 50% 604 604
02. Southern Appalachian Coal Company [Note K] 6,950 100% 10,327 10,327
01. Columbus Southern Power Company [Note J] 16,410,426 100% 847,664 847,664
02. Colomet, Inc. [Note T] 1,500 100% 3,616 3,616
02. Conesville Coal Preparation Company [Note M] 100 100% 1,670 1,670
02. Simco Inc. [Note N] 90,000 100% 422 422
02. Ohio Valley Electric Corporation [Note J] 4,300 4.30% 39.90% 430 430
03. Indiana-Kentucky Electric Corporation [Note J] 17,000 100% - -
01. Franklin Real Estate Company [Note T] 100 100% 30 30
02. Indiana Franklin Realty, Inc. [Note T] 10 100% - -
01. Indiana Michigan Power Company [Note J] 1,400,000 100% 1,018,654 1,020,299
02. Blackhawk Coal Company [Note K] 39,521 100% 50,154 50,154
02. Price River Coal Company [Note K] 1,091 100% 27 27
01. Kentucky Power Company [Note J] 1,009,000 100% 298,018 304,244
01. Kingsport Power Company [Note J] 410,000 100% 24,213 24,213
01. Ohio Power Company [Note J] 27,952,473 99.2% 0.8% 1,233,114 1,233,114
02. Cardinal Operating Company [Note E] 250 50% 50% 43,145 21,573
02. Central Coal Company [Note K] 1,500 50% 50% 604 604
01. Ohio Valley Electric Corporation [Note J] 39,900 39.90% 4.30% 3,990 3,990
02. Indiana-Kentucky Electric Corporation [Note J] 17,000 100% - -
01. Wheeling Power Company [Note J] 150,000 100% 26,859 26,859
01. Central and South West Corporation [Note O] 100 100% 2,185,829 2,185,829
02. AEP Texas Central Company [Note J] 2,211,678 100% 1,101,134 1,101,134
03. CPL Transition Funding LLC (DE) [Note AA] Uncertified 100% 3,987 3,987
02. Public Service Company of Oklahoma [Note J] 9,013,000 100% 399 399
03. AEMT, Inc. [Note DD] 383,904 27% 63% - -
03. Powerware Solutions, Inc. [Note DD] Uncertified 4% 96% - -
03. RIKA Management Company, LLC Uncertified 50% 50% - -
04. Universal Power Products Company, LLC Uncertified 48% - -
04. Automated Substation Development Company, LLC Uncertified 71% - -
04. RC Training, LLC Uncertified 48% - -
02. Southwestern Electric Power Company [Note J] 7,536,640 100% 662 662
03. The Arklahoma Corporation [Note P] 238 44.20% 55.80% 363 184
03. Southwest Arkansas Utilities Corporation [Note T] 100 100% 10 10
03. Dolet Hills Lignite Company, LLC [Note L] Uncertified 100% 23 23
02. AEP Texas North Company [Note J] 5,488,560 100% 180,744 180,744
02. CSW Leasing, Inc. [Note Q] 800 80% 20% 15,638 15,638
02. AEP Credit, Inc. [Note R] 246 100% 28,227 28,227
02. C3 Communications, Inc. [Note C] 1,000 100% (177,581) (177,581)
03. C3 Networks GP, L.L.C. [Note C] Partnership 100% - -
04. C3 Networks & Communications Limited Partnership [Note C] Partnership 0.50% 99.50% - -
04. C3 Networks Limited Partnership [Note C] Partnership 0.50% 49.75% - -
05. C3 Networks & Communications Limited Partne C] Partnership 99.50% 0.50% - -
03. C3 Networks Limited Partnership [Note C] Partnership 49.75% 49.75% - -
04. C3 Networks & Communications Limited Partnership [Note C] Partnership 99.50% 0.50% - -
03. CSWC Southwest Holdings, Inc. [Note C] Uncertified 100% 1 1
04. CSWC TeleChoice Management, Inc. [Note C] Uncertified 100% 1 1
04. CSWC License, Inc. [Note C] Uncertified 100% 1 1
04. INFINITEC Networks, Inc. [Note C] Uncertified 11.90% 88.10% N/A N/A
02. CSW Energy, Inc. [Note S] 1,000 100% 50,469 50,469
03. AEP Wind GP, LLC [Note X] Uncertified 100% 1,307 1,307
04. Trent Wind Farm, LP [Note X] Partnership 1% 99% 1,307 1,307
03. AEP Wind LP II, LLC [Note X] Uncertified 100% - -
04. Trent Wind Farm, LP [Note X] Partnership 99% 1% 129,428 129,428
03. AEP Wind LP, LLC [Note X] Uncertified 100% 129,428 129,428
03. CSW Development-I, Inc. [Note S] 1,000 100% 58,088 58,088
04. Polk Power GP II, Inc. [Note S] 500 50% 50% 691 691
05. Polk Power GP, Inc. [Note S] 1,000 100% 372 372
06. Polk Power Partners, LP [Note S] Partnership 1% 49.50% 577 577
07. Mulberry Holdings, Inc. [Note 1,000 100% - -
04. CSW Mulberry II, Inc. [[Note S] 1,000 100% 27,653 27,653
05. CSW Mulberry, Inc. [Note S] 1,000 100% 27,654 27,654
04. Polk Power Partners, LP [Note S] Partnership 49.50% 1% 26,387 26,387
05. Mulberry Holdings, Inc. [Note N] 1,000 100% - -
04. Noah I Power GP, Inc. [Note S] 1,000 100% 5 5
05. Noah I Power Partners, LP [Note S] Partnership 1% 95% 175 175
06. Brush Cogeneration Partners [Note Partnership 50% 50% - -
04. Noah I Power Partners, LP [Note S] Partnership 95% 1% 16,588 16,588
05. Brush Cogeneration Partners [Note S] Partnership 50% 50% 17,879 17,879
04. Orange Cogeneration GP II, Inc. [Note S] 500 50% 50% 41 41
05. Orange Cogeneration G.P., Inc. [Note S] 1,000 100% 81 81
06. Orange Cogeneration Limited Partne [Note S] Partnership 1% 49.50% 61 61
07. Orange Cogen Funding Corp. [Note S] 1,000 100% 1 1
08. Orange Holdings, Inc. [Note N] 1,000 100% - -
04. CSW Orange II, Inc. [Note S] 1,000 100% 7,366 7,366
05. CSW Orange, Inc. [Note S] 1,000 100% 7,366 7,366
06. Orange Cogeneration Limited Partnership [Note S] Partnership 49.50% 1% 3,025 3,025
07. Orange Cogen Funding Corp. [No 1,000 100% - -
08. Orange Holdings, Inc. [Note N] 1,000 100% - -
03. CSW Development-II, Inc. [Note S] 1,000 100% (3,999) (3,999)
03. CSW Ft. Lupton, Inc. [Note S] 1,000 100% 98,714 98,714
04. Thermo Cogeneration Partnership, L.P. [Note S] Partnership 50% 49.50% 10,716 10,716
03. Newgulf Power Venture, Inc. [Note S] 1,000 100% 3,098 3,098
03. CSW Sweeny GP I, Inc. [Note S] 1,000 100% 632 632
04. CSW Sweeny GP II, Inc. [Note S] 1,000 100% 959 959
05. Sweeny Cogeneration Limited Partnership [Note S] Partnership 1% 49% 522 522
03. CSW Sweeny LP I, Inc. [Note S] Partnership 100% 25,333 25,333
04. CSW Sweeny LP II, Inc. [Note S] Partnership 100% 37,909 37,909
05. Sweeney Cogeneration Limited Partnership [Note S] Partnership 49% 1% 25,582 25,582
03. CSW Development-3, Inc. [Note N] Uncertified 100% N/A N/A
03. CSW Northwest GP, Inc. [Note N] Partnership 100% N/A N/A
03. CSW Northwest LP, Inc. [Note N] Partnership 100% N/A N/A
03. CSW Power Marketing, Inc. [Note N] Uncertified 100% N/A N/A
03. CSW Nevada, Inc. [Note N] Uncertified 100% N/A N/A
03. CSW Services International, Inc. [Note I] 1,000 100% 2,731 2,731
03. Diversified Energy Contractors Company, LLC [Note I] 1,000 100% 12,638 12,638
04. DECCO II LLC [Note I] 1,000 100% - -
05. Diversified Energy Contractors, LP [Note I] Partnership 0.99% 99.01% (52) (52)
04. Diversified Energy Contractors, LP [Note I] Partnership 99% 0.99% (5,141) (5,141)
04. Industry and Energy Associates, L.L.C. [Note I] 1,000 100% 1,328 1,328
03. CSW Eastex GP I, Inc. [Note S] 1,000 100% (1,125) (1,125)
04. CSW Eastex GP II, Inc. [Note S] 1,000 100% (1,125) (1,125)
05. Eastex Cogeneration Limited Partnership [Note S] Partnership 1% 49% (1,966) (1,966)
03. CSW Eastex LP I, Inc. [Note S] 1,000 100% (55,309) (55,309)
04. CSW Eastex LP II, Inc. [Note S] 1,000 100% (53,189) (53,189)
05. Eastex Cogeneration Limited Partnership [Note S] Partnership 49% 1% (96,324) (96,324)
03. Southwestern Wholesale Electric Company [Note N] Uncertified 100% N/A N/A
02. CSW International, Inc. [Note H] 1,000 100% (43,468) (43,468)
03. CSWI Netherlands, Inc. [Note H] N/A 100% - -
03. CSW International Two, Inc. [Note H] 1,000 100% - -
04. CSW UK Holdings [Note H] 427,275,004 100% 819 819
05. CSWI Europe Limited [Note H] 1,000 100% (31,655) (31,655)
06. South Coast Power Limited [Note H] 1 50% 50% - -
06. Shoreham Operations Company Limited [Note H] 2 50% 50% - -
05. CSW UK Finance Company [Note H] 427,275,002 90% 10% - -
04. CSW UK Finance Company N/A 10% 90% - -
04. CSW UK Investments Limited [Note H] Uncertified 100% - -
03. CSW International (U.K.), Inc. [Note N] Uncertified 100% - -
03. CSW International, Inc. (a Cayman Island Company) [Note H] 1,000 100% 181,167 181,167
04. CSW Vale L.L.C. [Note H] Partnership 99% 1% 173,091 173,091
05. Caiua-Servicos de Electricidade S/A [Note H] 8,724,909 20.02% 61.48% - -
05. Empresa de Electricidade Vale de Paranapanema S.A. [Note H] 214,498,445 43.84% 56.16% - -
06. Caiua-Servicos de Electricidade S/A [Note H] N/A 61.48% 20.02% - -
04. CSW Power do Brazil, Ltda [Note H] Uncertified 0.10% 99.90% - -
03. CSW Vale L.L.C. [Note H] Partnership 1% 99% 1,748 1,748
04. CSW Power do Brazil, Ltda [Note H] Uncertified 99.90% 0.10% - -
04. Caiua-Servicos de Electricidade S/A [Note H] N/A 20.02% 61.48% - -
04. Empresa de Electricidade Vale de Paranapanema S.A. [Note H] N/A 43.84% 56.16% - -
05. Caiua-Servicos de Electricidade S/A [Note H] N/A 20.02% 61.48% - -
03. CSW International Energy Development Ltd. [Note H] Uncertified 100% - -
04. Tenaska CSW International Ltd. [Note H] 1,000 50% 50% - -
02. EnerShop Inc. [Note I] N/A 100% (19,852) (19,852)
03. Envirotherm, Inc. [Note I] N/A 100% N/A N/A
02. CSW Energy Services, Inc. [Note I] N/A 100% N/A N/A
03. AEP Properties, LLC [Note X] N/A 100% N/A N/A
03. Nuvest, L.L.C. [Note U] N/A 92.90% 7.10% N/A N/A
04. National Temporary Services, Inc. [Note U] N/A 100% N/A N/A
05. Octagon, Inc. [Note U] N/A 100% N/A N/A
04. Numanco, L.L.C. [Note U] N/A 100% N/A N/A
05. NuSun, Inc. [Note U] N/A 100% N/A N/A
06. Sun Technical Services, Inc. [Note U] N/A 100% N/A N/A
06. Calibration and Testing Corporation [Note U] N/A 100% N/A N/A
05. ESG, L.L.C. [Note U] N/A 50% 50% N/A N/A
05. Numanco Services, LLC [U] N/A 100% N/A N/A
02. REP Holdco, LLC [Note W] 3,000 100% 100% 115,456 115,456
03. Mutual Energy SWEPCO L.P. [Note W] Uncertified 99.50% 0.50% 2,153 2,142
03. REP General Partner LLC [Note W] Uncertified 100.00% 7,672 7,672
04. Mutual Energy SWEPCO L.P. [Note W] Uncertified 0.50% 99.50% 2,153 11
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.
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 from 1/1/2002 through 12/31/2002
1. Formations Jurisdiction Date Business
------------- ------------ ---- --------
a. AEP Desert Sky LP II, LLC, Delaware, 8/1/2002, Wind Power Generation Delaware 8/1/2002 Wind Power Generation
b. AEP Energy Services (Australia) Pty Lt Australia 1/24/2002 International energy-
related investments,
trading and other
projects
c. AEP Wind LP II, LLC Delaware 8/1/2002 Wind Power Generation
d. AEP Energy Ventures B.V. Amsterdam 4/23/2002 International energy-
related investments,
trading and other
projects
e. Golden Prairie Holding Company LLC Delaware 7/26/2002 Wind Power Generation
f. Golden Prairie Wind Farm LLC Delaware 7/26/2002 Wind Power Generation
g. Universal Supercapacitors, LLC Delaware 4/16/2002 Domestic energy-related
investments,
trading and other
projects
h. AEPR Global Energy B.V. Amsterdam 4/23/2002 International energy-
related investments,
trading and other
projects
2. Changes in Status Type of change Date Notes Regarding Change
--------------------- -------------- ---- ----------------------
a. AEP Resources Services, LLC Dissolved 6/10/2002
b. AEP Resources Gas I Pty., Ltd. Dissolved 6/10/2002
c. AEP Resources Gas II Pty., Ltd. Dissolved 6/10/2002
d. AEP Resources Management Pty. Ltd. Dissolved 6/10/2002
e. Appliance Protect Limited Sold 7/29/2002 Sale of SEEBOARD
f. Ash Creek Mining Company Dissolved 8/5/2002
g. Australia's Energy Partner Sold 8/30/2002 Sale of CitiPower
h. Chile Energy Holdings, L.L.C. Dissolved 6/28/2002
I. CitiPower I Pty. Ltd. (Australian Co. No. 085 166 589) Sold 8/30/2002 Sale of CitiPower
j. CitiPower II Pty. Ltd. (Australian Co. No. 085 166 409) Sold 8/30/2002 Sale of CitiPower
k. CitiPower Pty. (Australian Co. No. 064 651 056) Sold 8/30/2002 Sale of CitiPower
l. CitiPower Trust Sold 8/30/2002 Sale of CitiPower
m. CSW Frontera GP I, Inc. Dissolved 10/31/2002
n. CSW Frontera GP II, Inc. Dissolved 10/18/2002
o. CSW Frontera LP I, Inc. Dissolved 10/31/2002
p. CSW Frontera LP II, Inc. Dissolved 10/18/2002
q. CSW International Three, Inc. Merged 11/1/2002 Merged into CSW
International Two, Inc.
r. CSW Investments Sold 7/29/2002 Sale of SEEBOARD
s. CSW Leasing, Inc. Dissolved 12/13/2002
t. CSW UK Limited Sold 7/29/2002 Sale of SEEBOARD
u. Direct Power Limited Sold 7/29/2002 Sale of SEEBOARD
v. Energia de Mexicali S. de R.L. de C.V. Dissolved 11/11/2002
w. Energy Express Limited Sold 7/29/2002 Sale of SEEBOARD
x. ESG Indonesia, L.L.C. Dissolved 1/1/2002
y. ESG Technical Services, L.L.C. Dissolved 1/1/2002
z. First Electricity Limited Sold 7/29/2002 Sale of SEEBOARD
aa. First Gas Limited Sold 7/29/2002 Sale of SEEBOARD
bb. Home Electricity Company Limited Sold 7/29/2002 Sale of SEEBOARD
cc. Home Energy Company Limited Sold 7/29/2002 Sale of SEEBOARD
dd. Horizon Natural Gas Limited Sold 7/29/2002 Sale of SEEBOARD
ee. Indian Mesa Power Partners I LP Merged 4/26/2002 Merged into Desert Sky
Wind Farm, L.P.
ff. Latin American Energy Holdings, Inc. Dissolved 8/30/2002
gg. Light & Power (UK) Limited Sold 7/29/2002 Sale of SEEBOARD
hh. Longfield Insurance Company Limited Sold 7/29/2002 Sale of SEEBOARD
ii. Marregon (No. 2) Pty. Limited (Australian Co. No. 083 953 575) Sold 8/30/2002 Sale of CitiPower
jj. Marregon Pty Limited (Australian Co. No. 085 210 117) Sold 8/30/2002 Sale of CitiPower
kk. Medway Power Limited Sold 7/29/2002 Sale of SEEBOARD
ll. Mutual Energy CPL L.P. Sold 12/23/2002 Sale to Centrica
mm. Mutual Energy WTU L.P. Sold 12/23/2002 Sale to Centrica
nn. National Environmental Services Technology, L.L.C. Dissolved
oo. Power Asset Development Company Limited Sold 7/29/2002 Sale of SEEBOARD
pp. Power Networks Limited Sold 7/29/2002 Sale of SEEBOARD
qq. Powercare Limited Sold 7/29/2002 Sale of SEEBOARD
rr. Premier Utilities Limited Sold 7/29/2002 Sale of SEEBOARD
ss. SEEB Limited Sold 7/29/2002 Sale of SEEBOARD
tt. SEEBOARD (Generation) Limited Sold 7/29/2002 Sale of SEEBOARD
uu. SEEBOARD Asset Management Limited Sold 7/29/2002 Sale of SEEBOARD
vv. SEEBOARD Contracting Services Limited Sold 7/29/2002 Sale of SEEBOARD
ww. SEEBOARD Employment Services Limited Sold 7/29/2002 Sale of SEEBOARD
xx. SEEBOARD Energy Gas Limited Sold 7/29/2002 Sale of SEEBOARD
yy. ESG Technical Services, L.L.C. Dissolved 7/29/2002
zz. SEEBOARD Final Salary Pension Plan Trustee Company Ltd. Sold 7/29/2002 Sale of SEEBOARD
aaa. SEEBOARD Group P.L.C. Sold 7/29/2002 Sale of SEEBOARD
bbb. SEEBOARD Highway Services Limited Sold 7/29/2002 Sale of SEEBOARD
ccc. SEEBOARD Insurance Company Limited Sold 7/29/2002 Sale of SEEBOARD
ddd. SEEBOARD International Limited Sold 7/29/2002 Sale of SEEBOARD
eee. SEEBOARD Metering Limited Sold 7/29/2002 Sale of SEEBOARD
fff. SEEBOARD Metro Holdings Limited Sold 7/29/2002 Sale of SEEBOARD
ggg. SEEBOARD Natural Gas Limited Sold 7/29/2002 Sale of SEEBOARD
hhh. SEEBOARD P.L.C. Sold 7/29/2002 Sale of SEEBOARD
iii. SEEBOARD Pension Investment Plan Trustee Company Limited Sold 7/29/2002 Sale of SEEBOARD
jjj. SEEBOARD Power Networks Plc Sold 7/29/2002 Sale of SEEBOARD
kkk. SEEBOARD Powerlink Holdings Limited Sold 7/29/2002 Sale of SEEBOARD
lll. SEEBOARD Powerlink Ltd. Sold 7/29/2002 Sale of SEEBOARD
mmm. SEEBOARD Projects Limited Sold 7/29/2002 Sale of SEEBOARD
nnn. SEEBOARD Share Scheme Trustees Ltd. Sold 7/29/2002 Sale of SEEBOARD
ooo. SEEBOARD Trading Limited Sold 7/29/2002 Sale of SEEBOARD
ppp. Selectricity Limited Sold 7/29/2002 Sale of SEEBOARD
qqq. South Eastern Electricity Board Limited Sold 7/29/2002 Sale of SEEBOARD
rrr. South Eastern Electricity Limited Sold 7/29/2002 Sale of SEEBOARD
sss. South Eastern Services Limited Sold 7/29/2002 Sale of SEEBOARD
ttt. South Eastern Utilities Limited Sold 7/29/2002 Sale of SEEBOARD
uuu. Southern Gas Limited Sold 7/29/2002 Sale of SEEBOARD
vvv. Torch Natural Gas Limited Sold 7/29/2002 Sale of SEEBOARD
www. UK Electricity Limited Sold 7/29/2002 Sale of SEEBOARD
xxx. UK Light & Power Limited Sold 7/29/2002 Sale of SEEBOARD
yyy. West Virginia Power Company Dissolved 3/25/2002
3. Name Changes Date
---------------- ----
a. AEP Indian Mesa GP, LLC to AEP Desert Sky GP, LLC 6/3/2002
b. AEP Energy Services Gas Holding Company LP, LLC to AEP Desert Sky LP II, L 12/31/2002
c. AEP Indian Mesa LP, LLC to AEP Desert Sky LP, LLC 6/3/2002
d. Central Power and Light Company to AEP Texas Central Company 12/23/2002
e. West Texas Utilities Company to AEP Texas North Company 12/23/2002
d. AEP Energy Services Gas Holding Company GP, LLC to AEP Wind LP II, LLC 12/31/2002
e. C3 Communications, LLC to AEPR Ohio, LLC 1/14/2002
f. AEP Resources CitiPower II Pty. Ltd. to Citipower I Pty. Ltd. 4/12/2002
g. AEP Resources CitiPower I Pty. Ltd. To CitiPower I Pty. Ltd. 4/12/2002
h. CSWC TeleChoice, Inc. to CSWC License, Inc. 8/29/2002
I. Indian Mesa Power Partners II LP to Desert Sky Wind Farm LP 4/26/2002
j. REP Holdco, Inc. to REP Holdco, LLC through Conversion of entity 12/31/2002
k. Universal Supercaps, LLC to Universal Supercapacitors, LLC 4/17/2002
4. Ownership Changes Date
-------------------- ----
a. Transferred ownership of PowerSpan Corp. from AEP Pro Serv, Inc. to AEP Investments, Inc. 7/12/2002
b. Transferred ownership of AEP Energy Services (Austria) Gmbh from AEP Energy Services Limted
to AEPR Global Ventures B.V. 7/11/2002
c. Transferred ownership of AEP Energy Services Gmbh from AEP Energy Services Limited to AEPR
Global Ventures B.V. 7/12/2002
d. Transferred ownership of AEP Energy Services (Switzerland) Gmbh from AEP Energy Services
Limited to AEPR Global Ventures B.V. 6/19/2002
e. Transferred AEP Delaware Investment Company III from AEP Resources, Inc. to AEPR Ohio, LLC 1/15/2002
f. Transferred C3 Networks GP, LLC from AEP Communications, LLC to C3 Communications, LLC
to C3 Communications, Inc. 5/1/2002
g. Tranferred AEP Holdings II C.V from AEP Holdings I C.V. to AEP Delaware Investment Company 6/19/2002
ITEM 2. ACQUISITIONS OR SALES OF UTILITY ASSETS
Brief Description
Name of Company Consideration of Transaction Location Exemption
--------------- ------------- ----------------- -------- ---------
None
ITEM 3. ISSUE, SALE, PLEDGE, GUARANTEE OR ASSUMPTION OF SYSTEM SECURITIES
Name of Issuer and Authorization
Description of Issues Date and Form of Transactions Consideration or Exemption
--------------------- ----------------------------- ------------- -------------
(1) (2) (3) (4)
Appalachian Power Company:
Senior Unsecured Notes,
4.80% Series, Due 2005 06/18/02 - Public Offering $444,110 Rule 52
4.3148% Series, Due 2007 11/12/02 - Private Offering 197,203 Rule 52
Indiana Michigan Power Company:
Senior Unsecured Notes,
6.375% Series, Due 2012 11/22/02 - Public Offering 98,981 Rule 52
6.00% Series, Due 2032 11/22/02 - Public Offering 144,875 Rule 52
Kentucky Power Company:
Senior Unsecured Notes,
5.50% Series, Due 2007 06/28/02 - Public Offering 123,843 Rule 52
4.3148% Series, Due 2007 11/12/02 - Private Offering 79,776 Rule 52
4.368% Series, Due 2007 12/12/02 - Private Offering 67,391 Rule 52
Public Service of Oklahoma:
Senior Unsecured Notes,
6.00% Series, Due 2032 11/26/02 - Public Offering 193,300 Rule 52
AEP Desert Sky, LP:
Notes Payable,
6.225% to 6.60% Due 2017 08/29/02 - Private Sale to Banks 117,182 Rule 52
GUARANTEE:
At December 31, 2002, American Electric Power Company, Inc. had
outstanding parental guaranties of approximately $3.4 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 or Held (H) for Authorization
Title of Issue Retiring Securities Consideration Further Disposition or Exemption
(1) (2) (3) (4) (5)
------------------ ----------------------- ------------- ------------------- -------------
AEP Texas Central Company (TCC):
-------------------------------
Cumulative Preferred Stock
$100 Par Value
4.00% Series TCC $ 6,000 EXT Rule 42
First Mortgage Bonds
7.50% Series Due 2002 TCC 116,329 EXT Rule 42
6.875% Series Due 2003 TCC 33,677 EXT Rule 42
7.25% Series Due 2004 TCC 78,392 EXT Rule 42
6.625% Series Due 2005 TCC 137,912 EXT Rule 42
7.125% Series Due 2008 TCC 62,164 EXT Rule 42
7.50% Series Due 2023 TCC 61,018 EXT Rule 42
Senior Unsecured Notes Payable
Variable - Due 2002 TCC 150,000 EXT Rule 42
AEP Texas North Company (TNC):
-----------------------------
First Mortgage Bonds
6.875% Series Due 2002 TNC 35,000 EXT Rule 42
6.125% Series Due 2004 TNC 16,729 EXT Rule 42
7.00% Series Due 2004 TNC 23,124 EXT Rule 42
6.375% Series Due 2005 TNC 36,762 EXT Rule 42
7.75% Series Due 2007 TNC 19,183 EXT Rule 42
AEP Resources, Inc.(AEPR):
-------------------------
Senior Unsecured Notes Payable
6-1/2% Series Due 2003 AEPR 50,000 EXT Rule 42
American Electric Power Service Corp (AEPSC):
--------------------------------------------
Mortgage Notes
9.60% Series Due 2008 AEPSC 2,000 EXT Rule 42
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (CONTINUED)
Name of Company Extinguished (EXT)
Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization
Title of Issue Retiring Securities Consideration Further Disposition or Exemption
(1) (2) (3) (4) (5)
------------------ ----------------------- ------------- ------------------- -------------
Appalachian Power Company (APCo):
--------------------------------
Cumulative Preferred Stock
No Par Value
4-1/2% Series APCo $ 1,000 EXT Rule 42
First Mortgage Bonds
7.38% Series Due 2002 APCo 50,000 EXT Rule 42
7.40% Series Due 2002 APCo 30,000 EXT Rule 42
6.65% Series Due 2003 APCo 40,000 EXT Rule 42
6.85% Series Due 2003 APCo 30,000 EXT Rule 42
Junior Debentures
8-1/4% Series Due 2026 APCo 75,000 EXT Rule 42
8.00% Series Due 2027 APCo 90,000 EXT Rule 42
Columbus Southern Power Company (CSPCo):
---------------------------------------
Cumulative Preferred Stock
$100 Par Value
7.00% Series CSPCo 10,000 EXT Rule 42
Junior Debentures
8.375% Due 2025 CSPCo 72,843 EXT Rule 42
7.92% Due 2027 CSPCo 40,000 EXT Rule 42
First Mortgage Bonds
7.25% Series Due 2002 CSPCo 14,000 EXT Rule 42
7.15% Series Due 2002 CSPCo 6,500 EXT Rule 42
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (CONTINUED)
Name of Company Extinguished (EXT)
Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization
Title of Issue Retiring Securities Consideration Further Disposition or Exemption
(1) (2) (3) (4) (5)
------------------ ----------------------- ------------- ------------------- -------------
Indiana Michigan Power Company (I&M):
Cumulative Preferred Stock
$100 Par Value
4-1/8% Series I&M $ 2 EXT Rule 42
4.12% Series I&M 424 EXT Rule 42
First Mortgage Bonds
7.60% Series Due 2002 I&M 50,000 EXT Rule 42
7.70% Series Due 2002 I&M 40,000 EXT Rule 42
Senior Unsecured Notes Payable
Variable - Due 2002 I&M 200,000 EXT Rule 42
Kentucky Power Company (KPCo):
First Mortgage Bonds
6.65% Series Due 2003 KPCo 15,000 EXT Rule 42
6.70% Series Due 2003 KPCo 15,000 EXT Rule 42
6.70% Series Due 2003 KPCo 15,000 EXT Rule 42
7.90% Series Due 2023 KPCo 14,500 EXT Rule 42
Senior Unsecured Notes Payable
Variable - Due 2002 KPCo 70,000 EXT Rule 42
Notes Payable
7.445% Series Due 2002 KPCo 25,000 EXT Rule 42
ITEM 4. ACQUISITION, REDEMPTION OR RETIREMENT OF SYSTEM SECURITIES (CONTINUED)
Name of Company Extinguished (EXT)
Name of Issuer and Acquiring, Redeeming or or Held (H) for Authorization
Title of Issue Retiring Securities Consideration Further Disposition or Exemption
(1) (2) (3) (4) (5)
------------------ ----------------------- ------------- ------------------- -------------
Ohio Power Company (OPCo):
-------------------------
First Mortgage Bonds
8.80% Series Due 2022 OPCo $ 5,000 EXT Rule 42
Junior Debentures
8.16% Series Due 2025 OPCo 85,000 EXT Rule 42
7.92% Series Due 2027 OPCo 50,000 EXT Rule 42
Public Service Company of Oklahoma (PSO):
----------------------------------------
Senior Unsecured Notes Payable
Variable - Due 2002 PSO 106,000 EXT Rule 42
Southwestern Electric Power Company (SWEPCo):
--------------------------------------------
First Mortgage Bonds
6-1/5% Series Due 2006 SWEPCo 145 EXT Rule 42
Senior Unsecured Notes Payable
Variable - Due 2002 SWEPCo 150,000 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, 2002.
1. Aggregate amount of investments in persons operating in the retail service
area of AEP or of its subsidiaries.
Aggregate Amount of Investments Number of
Name of in Persons (Entities), Operating in Persons Description of
Company Retail Service Area of Owner (Entities) Persons (Entities)
(1) (2) (3) (4)
------- ----------------------------------- ---------- ------------------
(in thousands)
APCo $1,247 10 Industrial Development Corporations
AEPINV 1,237 1 Economic Development Company
WPCo 13 1 Industrial Development Corporation
2. Securities owned not included in 1 above.
Name of Nature of Description Number Percent of Owner's
Company Name of Issuer Issuer's Business of Securities of Shares Voting Power Book Value
(1) (2) (3) (4) (5) (6) (7)
------- -------------- ----------------- ------------- --------- ------------ ----------
(in thousands)
AEPINV EnviroTech Investment Research &
Fund I Technology Development Limited Partner * 9.8 $2,617
AEPINV Altra Energy Internet-based Energy Convertible
Technologies, Inc. Trading Preferred Stock 952,381 ** -
Redeemable Preferred 300,000 300
AEPINV Powerspan Corp. Research & Convertible
Technology Development Preferred Stock 5,369,851 9.8 5,000
AEPES Intercontinental Exchange Trading platform for Limited Liability
LLC Electric Utilities Company *** 5.3 5,057
AEP Integrated Communica- Development of
tions System, Inc. Demand Side Management Common Stock 80,000 8.4 -
AEPINV Pantellos Corporation Internet-based Supply Common Stock 538,935 4.9 5,289
Chain
ITEM 5. (CONTINUED)
2. Securities owned not included in Part 1 (Continued).
Name of Nature of Description Number Percent of Owner's
Company Name of Issuer Issuer's Business of Securities of Shares Voting Power Book Value
(1) (2) (3) (4) (5) (6) (7)
------- -------------- ----------------- ------------- --------- ------------ ----------
(in thousands)
AEPINV Active Power, Inc. Research & Common Stock 118,843 0.3 $212
Technology Development
PSO AEMT, Inc Manufactures and sells Preferred Stock
residential surge Series 1,
protectors and power Class A Non-voting 133,000 N/A 0
quality devices for Class B Non-voting 417,000 N/A 550
industrial customers
PSO The RIKA Companies Engaged in the Membership Units 217 4.0 -
development and
RIKA Management commercialization of
Company, LLC computer automation
technology for the
Universal Power electric power industry
Products Company, LLC
Automated Substation
Development Co, LLC
RC Training, LLC
AEPES Energy Trading Trading platform for
Platform Holding Inc. Electric Utilities Common Stock 250,000 5.0 1,500
* Limited Partnership Interests
** Less than 3%
*** One-third Membership Interest
ITEM 6. OFFICERS AND DIRECTORS
PART I as of December 31, 2002
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)
Level 2, 215 Spring Street
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)
225 South 15th Street
Philadelphia, PA 19102 (n)
222 Bayou Road
Belle Chasse, LA 70037 (o)
P.O. Box 127
Convent, LA 70723 (p)
Herengracht 548
1017 CG 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)
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)
2600 Via Fortuna, Ste 500
Austin, TX 78746 (x)
Basin Road S.,Portslade,Brighton
East Sussex BN41 1WF GB (y)
Hoffsveien 1D
0275 Oslo, Norway (z)
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)
Bahnstrasse 16, 40212
Dusseldorf, Germany (ee)
50 Berkeley Street, 6th Fl.
Mayfair, London W1J8AP GB (ff)
Dr Karl Lueger-Ring 12
1010 Wien, Austria (gg)
Wadsack Treuhandgesellschaft
Bahnhofstrasse 11
CH - 6301 Zug, Switzerland (hh)
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 71156 (rr)
Code Position
AC Assistant Controller
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
CISO Chief Information Security
Officer
COO Chief Operating Officer
CRO Chief Risk Officer
D Director
DC Deputy Controller
DM Delegate Manager
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 indicate
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
4 Saint Andrews Court
Frisco, TX 75034
Lester A Hudson, Jr. D
P.O. Box 8583
Greenville, SC 29604
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
Armando A. Pena T
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
William L. Scott AC
Thomas G. Berkemeyer AS
Jeffrey D. Cross AS
Geoffrey S. Chatas AT
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
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Armando A. Pena VP,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,T
Susan Tomasky D,VP
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
David G. Zatezalo VP
P.O. BOX 270
Prestonsburg, KY 41653
Timothy A. King S
AEP Communications, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Gregory S. Campbell VP
Holly Keller Koeppel (b) VP
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,T
Susan Tomasky B,P
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,T
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
Timothy A. King S
AEP Delaware Investment Company
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,P,T
Mark A. Pyle (a) D
Joseph M. Buonaiuto (a) C
AEP Delaware Investment Company II
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,P,T
Mark A. Pyle (a) D
Joseph M. Buonaiuto(a) C
AEP Delaware Investment Company III
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
John A. Oscar,Jr. D
Timothy A. King (a) D,S
Armando A. Pena (a) D,P,T
Mark A. Pyle (a) D
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
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,T
Mark K. Knoy (v) P
Michael J. Beyer (b) VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
AEP EmTech, LLC
Name and Principal Address(a) Position
Henry W. Fayne B
Thomas V. Shockley,III B
Susan Tomasky B
John D. Harper P
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Thomas L. Jones VP
Holly Keller Koeppel (b) VP
John H. Provanzana VP
Timothy A. King S
Armando A. Pena T
AEP Energy Services Gas Holding Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Holly Keller Koeppel (b) D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley,III D,P
Susan Tomasky D
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Joseph M. Buonaiuto C
Timothy A. King S
AEP Energy Services Gas Holding
Company II
Name and Principal Address(a) Position
None
AEP Energy Services GmbH
Name and Principal Address(ee)Position
Armando A. Pena (a) MD,T
Thomas V. Shockley,III(a) MD
AEP Energy Services Investments, Inc.
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
Timothy A. King (a) D,S
John A. Oscar,Jr. D
Armando A. Pena (a) D,VP,T
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Joseph M. Buonaiuto (a) C
AEP Energy Services Limited
Name and Principal Address(ff) Position
Geoffrey S. Chatas (a) D
Jeffrey D. Cross (a) D
Stuart W. Staley MD
John David Young D
Armando A. Pena (a) T
Linda M. Pszon S
AEP Energy Services Norway AS
Name and Principal Address(z) Position
Vasant Dattani (ff) D
Thor Lien D
Stuart W. Staley (ff) D
Armando A. Pena (a) T
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
Geoffrey S Chatas (a) D
Jeffrey D. Cross (a) D
Stuart W. Staley (ff) D
John D. Young (ff) D
Paul Robert Rainey (j) D,S
Armando A. Pena (a) T
Linda M. Pszon (ff) S
AEP Energy Services (Austria) GmbH
Name and Principal Address(gg) Position
Armando A. Pena (a) MD,T
Thomas V. Shockley,III(a) MD
AEP Energy Services, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Holly Keller Koeppel D,P
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Brent A. Price (b) SVP
William C. Reed, II (b) SVP
Brian X. Tierney (b) SVP
Charles E. Zebula (b) SVP
Thomas A. Barry (b) VP
Robert W. DeLarm (b) VP
Dale K. Furrow (b) VP
Robert Goumaz VP
2488 East 81 Street
Tulsa, OK 74137
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
Paul S. Mason (b) VP
Kevin McGowan (b) VP
Jason Sandmaier (b) VP
Donald B. Simpson (b) VP
David G Zatezalo VP
P.O. BOX 270
Prestonsburg, KY 41653
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Energy Services (Switzerland) GmbH
Name and Principal Address(hh)Position
Armando A. Pena (a) MD,T
Thomas V. Shockley,III (a) MD
Hans Wadsack MD
AEP Energy Services UK Generation Limited
Name and Principal Address(ff)Position
Geoffrey S. Chatas (a) D
Jeffrey D. Cross (a) D
Vasant Dattani D
Jeffrey D. Lafleur D
Armando A. Pena (a) D,T
Linda M. Pszon S
AEP Energy Services Ventures, Inc.
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
John A. Oscar,Jr. D
Timothy A. King (a) D,S
Armando A. Pena (a) D,VP,T
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Joseph M. Buonaiuto (a) C
AEP Energy Services Ventures II, Inc.
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
John A. Oscar,Jr. D
Timothy A. King (a) D,S
Armando A. Pena (a) D,VP,T
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
Joseph M. Buonaiuto (a) C
AEP Energy Services Ventures III, Inc.
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
John A. Oscar,Jr. D
Timothy A. King (a) D,S
Armando A. Pena (a) D,VP,T
Mark A. Pyle (a) D
Thomas V. Shockley,III(a) P
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,T
Susan Tomasky B,P
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Timothy A. King S
AEP Funding Limited
Name and Principal Address(g) Position
Jeffrey D. Cross (a) D,VP,S
Armando A. Pena (a) D,P,T
AEP Gas Marketing LP
Name and Principal Address(bb)Position
Holly Keller Koeppel (b) P
William C. Reed, II (b) SVP
Jim Deidiker VP
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Edward D. Gottlob VP
Armando A. Pena (a) VP,T
Brent A. Price (b) VP
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
AEP Gas Power GP, LLC
Name and Principal Address(a) Position
Steven A. Appelt (b) B,VP
Jeffrey D. Cross B,VP
Armando A. Pena B,T
Thomas V. Shockley,III B,CB,P
Timothy A. King S
AEP Gas Power Systems, LLC
Name and Principal Address(a) Position
A.Christopher Bakken,III B
One Cook Place
Bridgman, MI 49106
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
Mark W. Marano P,CEO
Armando A. Pena T
Timothy A. King S
AEP Generating Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagen D,VP
Armando A. Pena D,VP,T
Robert P. Powers D
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
John F. Norris, Jr. VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Investments, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Michelle S. Kalnas (c) VP
Holly Keller Koeppel (b) VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Kentucky Coal, L.L.C.
Name and Principal Address(a) Position
Jeffrey D. Cross B,VP
Armando A. Pena B,VP,T
David G. Zatezalo B,P
P.O. BOX 270
Prestonsburg, KY 41653
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
Susan Tomasky VP
Timothy A. King S
AEP MEMCo LLC
Name and Principal Address(v) Position
Holly Keller Koeppel(b) B,VP
Armando A. Pena (a) B,T
Mark K. Knoy P
Michael J. Beyer (b) VP
Joseph M. Buonaiuto (a) C
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,T
David G. Zatezalo B,P
P.O. BOX 270
Prestonsburg, KY 41653
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
Susan Tomasky VP
Timothy A. King S
AEP Ohio Commercial & Industrial Retail
Company, LLC
Name and Principal Address(a) Position
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,VP,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
Timothy A. King S
AEP Power Marketing, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Susan Tomasky D,VP
Thomas V. Shockley,III P
Joseph M. Buonaiuto C,CAO
Timothy A. King S
AEP Pro Serv, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
John F. Norris, Jr. D
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Michael W. Rencheck P
Mark W. Marano SVP
Robert T. Burns VP
Mark A. Gray VP
Dennis A. Lantzy VP
John A. Mazzone VP
Kenneth B. Rogers VP
119 Gannett Drive
South Portland, ME 04106
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
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 do Brasil Ltda.
Name and Principal Address(cc)Position
Hercules Celescuekci DM
AEP Resources, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Holly Keller Koeppel (b) VP
James H. Sweeney (b) VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
AEP Resources International, Limited
Name and Principal Address(g) Position
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
Armando A. Pena (a) D,VP,T
Susan Tomasky (a) D,P
Timothy A. King (a) S
AEP Resources Limited
Name and Principal Address(k) Position
Geoffrey S. Chatas (a) D
Jeffrey D. Cross (a) D
Holly Keller Koeppel (b) D
Armando A. Pena (a) D,T
Timothy A. King (a) S
AEP Resources Project Management Company, Ltd.
Name and Principal Address(g) Position
Jeffrey D. Cross (a) D
Armando A. Pena (a) D,T
Walkers SPV Limited S
AEP Retail Energy, LLC
Name and Principal Address(a) Position
Henry W. Fayne B,VP
Susan Tomasky B,S
Armando A. Pena T
AEP Texas Central Company
Name and Principal Address(a)Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Charles H. Adami (ll) VP
A. Christopher Bakken, III VP
One Cook Place
Bridgmen MI 49106
Glenn M. Files VP
Michelle S. Kalnas (c) VP
Charles R. Patton (h) VP
Julio C. Reyes (h) VP
Marsha P. Ryan VP
William L. Sigmon,Jr.(b) VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, Ohio 43230
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
Timothy A. King S
AEP Texas Commercial & Industrial Retail
Limited Partnership
Name and Principal Address(h) Position
Thomas V. Shockley,III(a) P
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Holly Keller Koeppel(b) VP
Armando A. Pena (a) VP,T
Brian X. Tierney (b) VP
Charles E. Zebula (b) VP
Timothy A. King (a) S
AEP Texas North Company
Name and Principal Address(a)Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Michelle S. Kalnas (c) VP
Charles R. Patton (h) VP
William L. Sigmon,Jr. (b) VP
Julio C. Reyes (h) VP
Marsha P. Ryan (c) VP
Rickey R. Stanaland (ll) VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, Ohio 43230
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,T
Thomas V. Shockley,III(a) B,CB,P
Geoffrey S. Chatas (a) VP
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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
Timothy A. King S
AEP T&D Services, LLC
Name and Principal Address(a) Position
Jeffrey D. Cross B,VP
Glenn M. Files B,VP
Thomas L. Kirkpatrick B
Armando A. Pena B,T
Richard P. Verret B,VP
825 Tech Center Drive
Gahanna, OH 43230
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,T
Susan Tomasky D,VP
David G. Zatezalo D,P
P.O. BOX 270
Prestonsburg, KY 41653
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
Timothy A. King S
AEP Wind GP, LLC
Name and Principal Address(a) Position
Thomas V. Shockley,III P
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Holly Keller Koeppel (b) VP
Armando A. Pena VP,T
Joseph M. Buonaiuto C
Timothy A. King S
AEP Wind LP, LLC
Name and Principal Address(a) Position
Thomas V. Shockley,III P
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Holly Keller Koeppel (b) VP
Armando A. Pena VP,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,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
AEPR Energy Ventures B.V.
Name and Principal Address(q) Position
Geoffrey S. Chatas (a) MD
Jeffrey D. Cross (a) MD
Armando A. Pena (a) MD
AEPR Global Energy B.V.
Name and Principal Address(q) Position
Geoffrey S. Chatas (a) MD
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
Geoffrey S. Chatas (a) MD
Jeffrey D. Cross (a) MD
Armando A. Pena (a) MD
John David Young (ff) MD
AEPR Global Investments B.V.
Name and Principal Address(q) Position
Geoffrey S. Chatas (a) MD
Jeffrey D. Cross (a) MD
Armando A. Pena (a) MD
Stuart W. Staley (ff) MD
John David Young (ff) MD
AEPR Global Ventures B.V.
Name and Principal Address(q) Position
Geoffrey S. Chatas (a) MD
Jeffrey D. Cross (a) MD
Stuart W. Staley (ff) MD
Armando A. Pena (a) MD
John David Young (ff) MD
AEPR Ohio, LLC
Name and Principal Address(a) Position
Geoffrey S. Chatas B,VP
Jeffrey D. Cross B,VP
Armando A. Pena B,VP,T
Thomas V. Shockley, III B,CB,P
Timothy A. King S
American Electric Power Service Corporation
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,P,
CEO Henry W. Fayne D,EVP
Thomas M. Hagen D,EVP
Robert P. Powers D,EVP
Thomas V. Shockley, III D,VCB,COO
Susan Tomasky D,EVP,AS
Holly Keller Koeppel (b) EVP
Melinda S. Ackerman SVP
Nicholas J. Ashooh SVP
J. C. Baker SVP
A. Christopher Bakken,III SVP
One Cook Place
Bridgman, MI 49106
Joseph M. Buonaiuto SVP,C,CAO
Jeffrey D. Cross D,SVP,GC,AS
Joseph Hamrock (c) SVP
Dale E. Heydlauff SVP
Michelle S. Kalnas (c) SVP
R. E. Munczinski SVP
John F. Norris, Jr. SVP
Armando A. Pena SVP,T
Michael W. Rencheck SVP
William L. Sigmon,Jr.(b) SVP
Scott N. Smith SVP,CRO
Leonard V. Assante VP,DC
Michael J. Assante VP,CISO
Edward C. Bradley VP
Edward J. Brady VP
Bruce H. Braine VP
Geoffrey S. Chata VP,AT
G. A. Clark VP
110 W. Michigan Ave,
Lansing, MI 48933
Robert G. Cohn (b) VP
W. N. D'Onofrio VP
Diane M. Fitzgerald VP
1367 Silverbrook Lane
St.Joseph, MI 49085
Wendy G. Hargus (ll) VP,AT
John D. Harper 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
Michael D. Martin VP
Mark W. Menezes VP
801 Pennsylvania Ave.
Washington, DC 20004
D. Michael Miller VP
Richard A. Mueller VP
Gary M. Prescott VP
Daniel J. Rogier VP
William L. Scott VP
O. J. Sever VP
Stuart Solomon VP
Mark A. Welch VP
Waldo Zerger VP
Timothy A. King S
Thomas G. Berkemeyer AS,AGC
Appalachian Power Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Stephen W. Burge VP
R. D. Carson, Jr. VP
1051 East Cary Street
Richmond, VA 23219
Mark E. Dempsey VP
301 Virginia Street, East
Charleston, WV 25327
Glenn M. Files VP
Michelle S. Kalnas (c) VP
John F. Norris, Jr. VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
William F. Vineyard VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Blackhawk Coal Company
Name and Principal Address(r) Position
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley,III (a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
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
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,P
Holly Keller Koeppel (b) VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
C3 Networks & Communications Limited
Partnership
Name and Principal Address(x) Position
Susan Tomasky (a) P
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Holly Keller Koeppel (b) VP
Armando A. Pena (a) VP,T
Timothy A. King (a) S
C3 Networks GP, L.L.C.
Name and Principal Address(x) Position
Jeffrey D. Cross (a) B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena (a) B,VP,T
Susan Tomasky (a) B,P
Geoffrey S. Chatas (a) VP
Timothy A. King (a) S
C3 Networks Limited Partnership
Name and Principal Address(x) Position
Susan Tomasky (a) P
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Holly Keller Koeppel (b) VP
Armando A. Pena (a) VP,T
Timothy A. King (a) 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 L. 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
Armando A. Pena (a) T
Timothy A. King (a) S
Cedar Coal Co.
Name and Principal Address(e) Position
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley, III(a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Central and South West Corporation
Name and Principal Address(a)Position
E. Linn Draper, Jr. D,CB,CEO,P
Henry W. Fayne D,VP
Thomas M. Hagan D
Armando A. Pena D,T
Robert P. Powers D
Thomas V. Shockley,III D,VCB,COO
Susan Tomasky D
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Central Appalachian Coal Company
Name and Principal Address(e) Position
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley, III(a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
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
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley, III(a) D,VP
Susan Tomasky (a) D,VP
David G. Zatezalo P
270 P.O. BOX
Prestonsburg, KY 41653
Nelson L. Kidder VP
270 P.O. BOX
Prestonsburg, KY 41653
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Colomet, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,P,CEO
Henry W. Fayne D,VP
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Columbus Southern Power Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Jane A. Harf VP
88 East Broad Street,8th Fl.
Columbus, OH 43215
Michelle S. Kalnas (c) VP
Mark C. McCullough (b) VP
William L. Sigmon,Jr. (b) VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Conesville Coal Preparation Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Mark C. McCullough (b) P
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,T
Mark K. Knoy (v) P
Michael J. Beyer (b) VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
CSW Development-3, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Development-II, Inc.
Name and Principal Address(a) Position
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Development-I, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Eastex GP II, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Eastex GP I, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Eastex LP II, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Eastex LP I, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Energy Services, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel D,P
Armando A. Pena D,VP,T
Thomas V. Shockley, III D
Joseph M. Buonaiuto C,CAO
Timothy A. King S
CSW Energy, Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,P
Susan Tomasky D,VP
Holly Keller Koeppel (b) VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
CSW Ft. Lupton, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW International Two, Inc.
Name and Principal Address(a) Position
Geoffrey S. Chatas D
Jeffrey D. Cross D,VP
Timothy A. King D,S
Armando A. Pena D,P,T
Mark A. Pyle D
Holy Keller Koeppel (b) VP
Bradford R. Signet VP
Joseph M. Buonaiuto C
CSW International (U.K.), Inc.
Name and Principal Address(a) Position
Geoffrey S. Chatas D
Jeffrey D. Cross D,VP
Joseph M. Buonaiuto C
CSW International, Inc.(a Delaware Corp.)
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,P
Susan Tomasky D,VP
Holly Keller Koeppel (b) VP
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
Geoffrey S. Chatas VP
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Mulberry II, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Mulberry, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Nevada, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Northwest GP, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Northwest LP, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Orange II, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Orange, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Power Marketing, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Services International, Inc.
Name and Principal Address(a) Position
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Sandra S. Bennett (b) C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Sweeny GP II, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Sweeny GP I, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Sweeny LP II, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
CSW Sweeny LP I, Inc.
Name and Principal Address(a) Position
Holly Keller Koeppel (b) D,P
Jeffrey D. Cross D,VP
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
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,T
Thomas V. Shockley, III (a) D
Bradford R. Signet (a) D
Susan Tomasky (a) D
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,T
Thomas V. Shockley, III (a) D
Bradford R. Signet (a) D
Susan Tomasky (a) D
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,T
Thomas V. Shockley, III(a) D
Bradford R. Signet (a) D
Susan Tomasky (a) D
Jeffrey D. Cross (a) S
CSW Vale L.L.C.
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
Geoffrey S. Chatas VP
Sandra S. Bennett (b) 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
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Joseph M. Buonaiuto C
Timothy A. King S
CSWC Southwest Holdings, 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
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Joseph M. Buonaiuto C
Timothy A. King S
CSWC TeleChoice Management, 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
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Joseph M. Buonaiuto C
Timothy A. King S
CSWI Europe Limited
Name and Principal Address(ff)Position
Holly Keller Koeppel(b) D
Jeffrey D. Lafleur D
Armando A. Pena (a) T
Timothy A. King (a) S
CSWI Netherlands, Inc.
Name and Principal Address(a) Position
Geoffrey S. Chatas D,VP
Jeffrey D. Cross D,VP
Timothy A. King D,S
Armando A. Pena D,P,T
Mark A. Pyle D
Joseph M. Buonaiuto C
DECCO II, LLC
Name and Principal Address(a) Position
Michael W. Rencheck CEO
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Armando A. Pena VP,T
Joseph M. Buonaiuto C
Timothy A. King S
Diversified Energy Contractors Company, LLC
Name and Principal Address(a) Position
Michael W. Rencheck CEO
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
John A. Mazzone (c) VP
Armando A. Pena VP,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,T
Thomas V. Shockley, III(a) B
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Timothy A. King (a) S
EnerShop Inc.
Name and Principal Address(a) Position
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,CB,P
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Envirotherm, Inc.
Name and Principal Address(ll)Position
Jeffrey D. Cross (a) D,VP
Holly Keller Koeppel (b) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley,III(a) D,CB,P
Geoffrey S. Chatas (a) VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Franklin Real Estate Company
Name and Principal Address(n) Position
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,T
Thomas V. Shockley, III (a) D,VP
Susan Tomasky (a) D,VP
Glenn M. Files (a) VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, Ohio 43230
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Golden Prairie Holding Company 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
David T. Musselman (b) B,S
Ward C. Marshall (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
David T. Musselman (b) B,S
Ward C. Marshall (b) VP
Houston Pipe Line Company LP
Name and Principal Address(bb)Position
Holly Keller Koeppel (b) P
William C. Reed II (b) SVP
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Armando A. Pena (a) VP,T
Brent A. Price (b) VP
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
HPL GP, LLC
Name and Principal Address(a) Position
Geoffrey S. Chatas B,VP
Jeffrey D. Cross B,VP
Armando A. Pena B,VP,T
Holly Keller Koeppel (b) B,P
Thomas V. Shockley, III B
William C. Reed, II (b) SVP
Jim Deidiker (bb) VP
Brent A. Price (b) VP
Stephen Schneider (bb) VP
Joseph M. Buonaiuto C
Timothy A. King S
HPL Holdings, Inc.
Name and Principal Address(i) Position
Sean Breiner D
Geoffrey S. Chatas (a) D,VP
Jeffrey D. Cross (a) D,VP
John A. Oscar,Jr. D
Timothy A. King (a) D,S
Armando A. Pena (a) D,VP,T
Mark A. Pyle (a) D
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
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Edward D. Gottlob VP
Holly Keller Koeppel (b) VP
Armando A. Pena (a) VP,T
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Indiana-Kentucky Electric Corporation
Name and Principal Address(w) Position
E. Linn Draper, Jr. (a) D,P
Arthur R. Garfield D
76 South Main Street
Akron, OH 44308
Andrew E. Goebel D
20 NW Fourth Street
Evansville, IN 47741
Ronald G. Jochum D
20 NW Fourth Street
Evansville, IN 47741
Michael P. Morrell D
10435 Downsville Pike
Hagerstown, MD 21740
Albert H. Potter (d) D
John R. Sampson D
101 W. Ohio Street, Ste 1320
Indianapolis, IN 46204
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
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,T
Thomas V. Shockley, III (a) D,VP
Susan Tomasky (a) D,VP
Glenn M. Files (a) VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
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
3514 Landin Rd.
New Haven, IN 46774
Henry W. Fayne D,P
Thomas M. Hagan D,VP
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
D. B. Synowiec D
2791 N. U.S. Highway 231
Rockport, IN 47635
Susan Tomasky D,VP
A. Christopher Bakken III VP
One Cook Place
Bridgman, MI 49106
Stephen W. Burge VP
Glenn M. Files VP
Michelle S. Kalnas (c) VP
John F. Norris, Jr. VP
Armando A. Pena VP,T
Joseph E. Pollock VP
One Cook Place
Bridgman, MI 49106
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
William F. Vineyard VP
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Industry and Energy Associates,L.L.C.
Name and Principal Address(a) Position
Michael W. Rencheck CEO
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Armando A. Pena VP,T
Kenneth B. Rogers VP
119 Gannett Drive
South Portland, ME 04106
Joseph M. Buonaiuto C
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,T
Thomas V. Shockley, III (a) B,CB
William C. Reed,II (b) SVP
Geoffrey S. Chatas(a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Brent A. Price (b) VP
Stephen Schneider VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Kentucky Power Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Stephen W. Burge VP
Glenn M. Files VP
Michelle S. Kalnas VP
T. C. Mosher VP
101 Enterprise Drive
Frankfort, KY 40601
John F. Norris, Jr. VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Kingsport Power Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
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
Michelle S. Kalnas (c) VP
John F. Norris, Jr. VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
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,T
Thomas V. Shockley,III(a) D,CB
William C. Reed, II (b) SVP
Geoffrey S. Chatas (a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Brent A. Price (b) VP
Stephen Schneider VP
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) B,VP
Holly Keller Koeppel(b) B,P
Armando A. Pena (a) B,VP,T
Thomas V. Shockley,III(a) B,CB
William C. Reed, II (b) SVP
Geoffrey S. Chatas (a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Brent A. Price (b) VP
Stephen Schneider VP
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,T
Thomas V. Shockley,III(a) D,CB
Geoffrey S. Chatas (a) 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,T
Thomas V. Shockley,III(a) D,CB
Geoffrey S. Chatas (a) VP
Stephen Schneider VP
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,T
Thomas V. Shockley,III(a) B,CB
William C. Reed, II (b) SVP
Geoffrey S. Chatas (a) VP
Jim Deidiker VP
Edward D. Gottlob VP
Brent A. Price (b) VP
Stephen Schneider VP
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
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
Mutual Energy L.L.C.
Name and Principal Address(a) Position
Thomas V. Shockley,III CB,P
Geoffrey S. Chatas VP
Jeffrey D. Cross VP
Holly Keller Koeppel (b) VP
Timothy A. King S
Armando A. Pena T
Mutual Energy Service Company, LLC
Name and Principal Address(a) Position
Jeffrey D. Cross B,VP
Holly Keller Koeppel (b) B,VP
Armando A. Pena B,T
Thomas V. Shockley,III B,CB,P
Geoffrey S. Chatas VP
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
Bernard Hu D
2648 Durfee Ave., #B
El Monte, CA 91732
Holly Keller Koeppel (b) D
Dennis A. Lantzy (a) D
Ralph E. Life D
Armando A. Pena (a) D,CB
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
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
NGLE Pushan Power, LDC
Name and Principal Address(g) Position
Jeffrey D. Cross (a) D
Armando A. Pena (a) D,VP,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
Geoffrey S. Chatas VP
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
Ohio Power Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Glenn M. Files VP
Jane A. Harf VP
88 East Broad Steet 8th Fl.
Columbus, OH 43215
Michelle S. Kalnas (c) VP
Mark C. McCullough (b) VP
Marsha P. Ryan (c) VP
William L. Sigmon,Jr.(b) VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
William F. Vineyard VP
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
E. Linn Draper, Jr. (a) D,P
Henry W. Fayne (a) D
Arthur R. Garfield D
76 South Main Street
Akron, OH 44308
Andrew E. Goebel D
20 NW Fourth Street
Evansville, IN 47741
Holly Keller Koeppel (b) D
Michael P. Morrell D
10435 Downsville Pike
Hagerstown, MD 21740
Alan J. Noia D
10435 Downsville Pike
Hagerstown, MD 21740
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
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
Philip Cantner D
Two Alhambra Plaza, Suite 1100
Coral Gables, FL 33134
James H. Sweeney (b) D
J. Christopher Terajewicz D
One Bowdoin Square
Boston, MA 02114
Robert H. Warburton D
15 Wayside Rd.
Burlington, MA 01803
Jorge Young D
Two Alhambra Plaza, Ste 1100
Coral Gables, FL 33134
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
Clifford D. Evans D,P
1001 Louisiana Street
Houston, TX 77002
Holly Keller Koeppel (b) D,CEO
John O'Rourke D
1001 Louisiana Street
Houston, TX 77002
A Wade Smith (b) D
Timothy A. King S
Orange Cogeneration GP II, Inc.
Name and Principal Address(a) Position
Clifford D. Evans D,P
1001 Louisiana Street
Houston, TX 77002
Holly Keller Koeppel (b) D,CEO
John O'Rourke D
1001 Louisiana Street
Houston, TX 77002
A. Wade Smith (b) D,GM
David L. Siddall S
1001 Louisiana Street
Houston, TX 77002
Orange Cogeneration GP, Inc.
Name and Principal Address(a) Position
Clifford D. Evans D,P
1001 Louisiana Street
Houston, TX 77002
Holly Keller Koeppel (b) D,CEO
John O'Rourke D
1001 Louisiana Street
Houston, TX 77002
A. Wade Smith (b) D,GM
David L. Siddall S
1001 Louisiana Street
Houston, TX 77002
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
Joseph M. Buonaiuto C
Timothy A. King S
Wendy G. Hargus (ll) T
Pacific Hydro Limited
Name and Principal Address(aa) Position
Peter L. Downie D
Michael C. Fitzpatrick D
Jeffrey Harding D
Holly Keller Koeppel(b) D
John L. C. McInnes D
Philip van der Riet D
Peter F. Westaway D
Matthew G. C. Williams D
Kingsley G. Culley D,CB
Anthony G. Evans S
Polk Power GP II, Inc.
Name and Principal Address(a)Position
Clifford D. Evans D,CEO
1001 Louisiana Street
Houston, TX 77002
Holly Keller Koeppel (b) D,P
John O'Rourke D
1001 Louisiana Street
Houston, TX 77002
A. Wade Smith (b) D,GM
Timothy A. King S
Polk Power GP, Inc.
Name and Principal Address(a)Position
Clifford D. Evans D,CEO
1001 Louisiana Street
Houston, TX 77002
Holly Keller Koeppel (b) D,P
John O'Rourke D
1001 Louisiana Street
Houston, TX 77002
A. Wade Smith (b) D,GM
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
Timothy A. King (a) S
Armando A. Pena (a) T
Price River Coal Company, Inc.
Name and Principal Address(d) Position
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley, III (a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Public Service Company of Oklahoma
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
T. D. Churchwell VP
1601 N.W. Expressway,Ste 1400
Oklahoma City, OK 73118
Glenn M. Files VP
Michelle S. Kalnas (c) VP
Gary C. Knight VP
3600 S. Elwood Ave.
Tulsa, OK 74102
John F. Norris, Jr. VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, Ohio 43230
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,T
Thomas V. Shockley,III(a) B,P
Geoffrey S. Chatas (a) VP
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,T
Thomas V. Shockley,III(a) D,CB,P
Geoffrey S. Chatas (a) VP
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
Philip Cantner D
15 Wayside Road
Burlington, MA 01803
John H. Foster D,CB
Two Alhambra Plaza, Ste 1100
Coral Gables, FL 33134
Carlos Riva D
15 Wayside Road
Burlington, MA 01803
James H. Sweeney (b) D
Enrique Tabora D
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
E. S. Golland D
Jeffrey D. Lafleur (ff) D
Holly Keller Koeppel (b) D
Stuart W. Staley (ff) D
C. D. MacKendrick S
Simco Inc.
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,VP
Armando A. Pena D,VP,T
Thomas V. Shockley, III D,VP
Susan Tomasky D,VP
David G. Zatezalo P
P.O. BOX 270
Prestonsburg, KY 41653
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
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 D,P
P.O. BOX 270
Prestonsburg, KY 41653
Nelson L. Kidder VP
P.O. BOX 270
Prestonsburg, KY 41653
South Coast Power Limited
Name and Principal Address(y)Position
E. S. Golland D
Holly Keller Koeppel (b) D
Jeffrey D. Lafleur (ff) D
B. J. McNaught D
Stuart W. Staley (ff) D
Southern Appalachian Coal Company
Name and Principal Address(e) Position
E. Linn Draper, Jr. (a) D,CB,CEO
Henry W. Fayne (a) D,VP
Armando A. Pena (a) D,VP,T
Thomas V. Shockley, III (a) D,VP
Susan Tomasky (a) D,VP
Gerald M. Dimmerling P
377 Highway 522
Mansfield, LA 71052
Joseph M. Buonaiuto (a) C,CAO
Leonard V. Assante (a) DC
Timothy A. King (a) S
Southwestern Electric Power Company
Name and Principal Address(a)Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
Robert P. Powers D,VP
Thomas V. Shockley,III D,VP
Susan Tomasky D,VP
Gary M. Dimmerling VP
377 Hwy 522
Mansfield, LA 71052
Glenn M. Files VP
Paul W. Franklin (ll) VP
Michelle S. Kalnas (c) VP
Michael H. Madison (rr) VP
John F. Norris, Jr. VP
Charles R. Patton (h) VP
Julio C. Reyes (h) VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, Ohio 43230
Joseph M. Buonaiuto C,CAO
Leonard V. Assante DC
Timothy A. King S
Southwestern Wholesale Electric Company
Name and Principal Address(a)Position
Jeffrey D. Cross D,VP
Holly Keller Koeppel (b) D,P
Armando A. Pena D,VP
Geoffrey S. Chatas VP
Leonard V. Assante C
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,T
Thomas V. Shockley,III(a) D,CB
William C. Reed,II (b) SVP
Geoffrey S. Chatas (a) VP
Jim Deidiker VP
Brent A. Price (b) 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 (a) D
Mark W. Marano (a) D,P
Robert P. Powers (a) D,CB
Michael W. Rencheck (a) D,CEO
Geoffrey S. Chatas (a) VP
Jeffrey D. Cross (a) VP
Joseph M. Buonaiuto (a) C
Timothy A. King (a) S
Armando A. Pena (a) T
Universal Supercapacitors, LLC
Name and Principal Address(a) Position
John D. Harper 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
Fischergasse 1
6362 Stansstad, Switzerland
Ventures Lease Co., LLC
Name and Principal Address(a) Position
Jeffrey D. Cross B,VP
Armando A. Pena B,P,T
Geoffrey S. Chatas VP
Timothy A. King S
Wheeling Power Company
Name and Principal Address(a) Position
E. Linn Draper, Jr. D,CB,CEO
Henry W. Fayne D,P
Thomas M. Hagan D,VP
Armando A. Pena D,VP,T
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
Michelle S. Kalnas (c) VP
John F. Norris, Jr. VP
Marsha P. Ryan VP
Richard P. Verret VP
825 Tech Center Drive
Gahanna, OH 43230
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
Held in Applicable
Applicable Name and Location Name of Officer Exemption
or Director Institution Institution Rule
(1) (2) (3) (4)
--------------- ----------------------- ------------ ------------
A.E. Goebel Old National Bank Director 70(c)
Evansville, IN
William R. Howell Deutsche Trust Bank America Director 70(b)
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 Firstar 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
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 2002, 2001 and 2000 the compensation earned by the chief executive
officer, the four other most highly compensated executive officers (as defined by regulations of the
Securities and Exchange Commission) of AEP at December 31, 2002.
Summary Compensation Table
Annual Long-Term
Compensation Compensation
------------ ------------
Awards Payouts
------ -------
Securities LTIP All Other
Salary Bonus Underlying Payouts Compensation
Name Year ($)(1) ($)(1) Options (#) ($)(3) ($)(4)
---- ---- ------ ------- ----------- ------- ------------
E. Linn Draper, Jr. 2002 1,054,038 -0- 350,000 -0- 135,417
2001 913,500 682,090 -0- 311,253 123,217
2000 913,500 485,775 700,000 -0- 106,699
850,000
Thomas V. Shockley, 2002 642,461 49,116 150,000 -0- 122,141
III (5) 2001 592,269 353,788 -0- 79,781 145,400
2000 304,417 140,500 250,000 824,399 9,195,374
Henry W. Fayne 2002 481,846 49,116 88,000 -0- 80,830
2001 421,615 305,861 -0- 83,697 75,955
2000 365,000 152,972 200,000 -0- 47,074
Holly K. Koeppel (6) 2002 267,279 250,000 88,000 -0- 109,751
Susan Tomasky 2002 451,731 49,116 88,000 -0- 79,373
2001 411,577 300,365 -0- 54,455 73,853
2000 355,000 148,780 200,000 -0- 47,946
Notes to Summary Compensation Table
(1) Amounts in the Salary column reflect an additional day of pay earned in
2001 and 2002 related to the number of calendar workdays and holidays in
each year and AEP's conversion to bi-weekly pay periods.
(2) Amounts in the Bonus column reflect awards under the Senior Officer
Annual Incentive Compensation Plan (SOIP) for 2000 and 2001, except for
Mr. Shockley as disclosed in footnote 5 and Ms. Koeppel as disclosed in
footnote 6. No SOIP awards were made for 2002. Payments pursuant to the
SOIP are made in the first quarter of the succeeding fiscal year for
performance in the year indicated. 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, except for Mr. Shockley as disclosed in footnote 5. See below
under Long-Term Incentive Plans - Awards in 2002 for additional
information.
(4) Amounts in the All Other Compensation column, except for the additional
compensation to Mr. Shockley and Ms. Koeppel as disclosed in footnotes
(5) and (6), respectively, 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; (iii) vehicle allowance;
(iv) split-dollar insurance; (v) above market earnings on deferred
compensation; and (vi) imputed interest on a pay advance provided to
employees impacted by a change in payroll schedule that shifted pay one
week in arrears. Split-dollar insurance represents the present value of
the interest projected to accrue for the employee's benefit on the
insurance premium paid by AEP. Cumulative net life insurance premiums
paid are recovered by AEP at the later of retirement or 15 years. Detail
of the 2002 amounts in the All Other Compensation column is shown below.
Item Dr. Mr. Mr. Ms. Ms.
Draper Shockley Fayne Koeppel Tomasky
---- ------ -------- ----- ------- -------
Savings Plan Matching
Contributions.......... $ 5,037 $ 9,000 $ 6,076 $ 7,212 $ 6,201
Supplemental Savings Plan
Matching Contributions. 42,540 35,668 25,850 10,441 24,149
Subsidiaries Directors
Fees..................... 17,450 17,450 16,200 200 16,500
Vehicle Allowance........ 14,400 12,000 12,000 10,800 12,000
Split-Dollar Insurance... 54,573 45,726 20,174 7,799 20,006
Above Market Earnings on
Deferred
Compensation............ - 2,296 - - -
Imputed Interest on Pay
Advance.................. 1,147 - 529 252 517
(5) Mr. Shockley joined AEP from Central and South West Corporation and
became an executive officer when the merger with CSW was consummated on
June 15, 2000. The Salary column for Mr. Shockley shows the amount earned
for his AEP service after the date of the merger. The amounts in the
Bonus and LTIP Payouts columns for 2000 represent his prorated payment
under the CSW Annual Incentive Plan and the value of Common Stock
awarded under the CSW 1992 Long-Term Incentive Plan, respectively. He
also received a payment of $9,154,924 under his change in control
agreement with CSW that is included in the All Other Compensation
column for 2000.
(6) No 2001 and 2000 compensation information is reported for Ms. Koeppel
because she was not an executive officer in these years. The amount in
the Bonus column represents a payment of $250,000 for successfully
completing the sale of certain international investments. She also
earned a retention payment of $68,750 under an agreement entered into
with AEP in June 2001 and a $4,297 payment for tax preparation services
required due to extended overseas business travel, both of which are
included in the All Other Compensation column.
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. The other members
of the Board receive an annual retainer of $35,000 for their services, an
additional annual retainer of $5,000 for each Committee that they chair (except
for the Chairman of the Audit Committee, who receives an annual retainer of
$15,000), a fee of $1,200 for each meeting of the Board and of any Committee
that they attend (except a meeting of the Executive Committee held on the same
day as a Board meeting), and a fee of $1,200 per day for any inspection trip or
conference. Members of the Audit Committee (other than the Chairman) also
receive an annual retainer of $10,000.
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 retainer in shares of AEP Common Stock
and/or units that are equivalent in value to shares of 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 Common Stock is distributed and/or Stock Units are
credited to directors, as the case may be, when the retainer is payable, and
are 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. Payment of Stock Units to a director from deferrals of the retainer and
dividend credits is made in cash or AEP Common Stock, or a combination of both,
as elected by the director.
Stock Unit Accumulation Plan. The Stock Unit Accumulation Plan for
Non-Employee Directors annually awards 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. 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 director (excluding officers
of AEP or employees of any of its subsidiaries) an amount to provide for the
federal and state income taxes incurred in connection with the maintenance of
this coverage ($622 for 2002).
(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, 2003 for all directors as of the date of
this proxy statement, all nominees to the Board of Directors, each of the
persons named in the Summary Compensation Table and all directors and executive
officers as a group. Unless otherwise noted, each person had sole voting and
investment power over the number of shares of 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.
Options
Exercisable
Note Stock Within
Name Shares Reference Units (a) 60 Days Total
---- ------ --------- --------- ------- -----
E. R. Brooks 68,515 (b) 2,992 47,947 119,454
D. M. Carlton 7,432 2,992 - 10,424
J. P. DesBarres 5,000 (c) 4,199 - 9,199
E. L. Draper, Jr. 5,368 (b)(c) 117,803 466,666 589,837
H. W. Fayne 6,454 (b)(d) 12,362 133,333 152,149
R. W. Fri 3,000 4,934 - 7,934
W. R. Howell 1,692 4,663 - 6,355
L. A. Hudson, Jr. 1,853 (e) 7,199 - 9,052
H.K. Koeppel 223 342 16,666 17,231
L. J. Kujawa 2,328 (e) 8,665 - 10,993
R. L. Sandor 1,092 3,828 - 4,920
T. V. Shockley, III 44,401 (b)(d)(e) - 166,666 211,067
D. G. Smith 2,500 5,428 - 7,928
L. G. Stuntz 1,500 (c) 8,184 - 9,684
K. D. Sullivan - 7,640 - 7,640
S. Tomasky 1,116 (b) 6,126 133,333 140,575
All directors,
nominees and executive
officers as a group
(18 persons) 251,027 (d)(f) 198,790 1,139,610 1,589,427
________
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: Mr. Brooks, 47,669; Dr. Draper, 4,659; Mr.
Fayne, 5,804; Mr. Shockley, 7,104; Ms. Tomasky, 1,116;
Ms. Koeppel, 223; and all directors and executive officers, 69,686.
(c) Includes the following numbers of shares held in joint tenancy with a
family member: Mr. DesBarres, 5,000; Dr. Draper, 661; and Ms. Stuntz, 300.
(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.
(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 2002
The performance share units set forth in the table below were awarded in 2002
pursuant to the Company's 2000 Long-Term Incentive Plan. Performance share
units are equivalent to shares of AEP Common Stock. Dividends are reinvested
at the closing price of the AEP Common Stock on the dividend payment date and
produce additional performance share units for the same performance period. The
value of performance share unit awards is dependent on the Company's total
shareholder return for the 3-year 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 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 Human Resources Committee may, at 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. No payment will be
made for performance below the threshold.
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 target discussed in the Human Resources Committee Report.
Once this target 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.
Performance Estimated Future Payouts of
Number of Period Until Performance Share Units Under
Performance Maturation Non-Stock Price-Based Plan
Name Share Units or Payout Threshold (#) Target (#) Maximum (#)
---- ----------- ------------ ------------- ---------- -----------
E. L. Draper, Jr................... 18,590 2002-2004 3,718 18,590 37,180
T.V. Shockley, III................. 9,820 2002-2004 1,964 9,820 19,640
H. W. Fayne........................ 6,799 2002-2004 1,360 6,799 13,598
H.K. Koeppel....................... 1,593 2002-2004 319 1,593 3,186
S. Tomasky......................... 6,380 2002-2004 1,276 6,380 12,760
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) participates in the AEP Plans.
Mr. Shockley participates in the CSW Plans.
The benefit formula generally used for all plan participants (including the
executive officers named in the Summary Compensation Table) to calculate
benefit additions under the pension plans 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 average rate of return of the 30-year Treasury Rate for
November of the prior year. For 2002, the interest rate was 5.12%. Interest
continues to be credited as long as the participant's balance remains in the
plan.
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 (both from the tax-qualified plans and the
nonqualified plans) under the cash balance formula are not subject to
reduction for Social Security benefits or other offset amounts. The estimated
annual benefit that would be payable under the cash balance formula to each of
the executive officers named in the Summary Compensation Table as a single
life annuity at age 65 is:
Annual
Name Benefit
---- -------
E. L. Draper, Jr........... $666,100
T. V. Shockley, III........ 213,700
H. W. Fayne................ 255,400
H. K. Koeppel.............. 188,400
S. Tomasky................. 281,600
These amounts are based on the following assumptions:
- Salary amounts shown in the Salary column for calendar year 2002 are used
for the period from 2003 through the participant's age 65, with no
subsequent adjustments in future years (other than Ms. Koeppel, whose
eligible pay was projected at $425,000, which reflects her pay rate that
was in effect as of December 31, 2002), plus annual incentive awards at
the 2002 target level.
- Conversion of the lump-sum cash balance to a single life annuity at age
65, based on an interest rate of 4.96% and the 1994 Group Annuity
Reserving Table.
- Dr. Draper, Ms. Tomasky, Ms. Koeppel and Mr. Shockley 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;
Ms. Tomasky, 20 years; and Ms. Koeppel, 15.25 years. Mr. Shockley has an
agreement entered into with CSW prior to the merger with AEP under which
he is entitled to a retirement benefit that will bring his credited years
of service to 30 if he remains employee with AEP until age 60 or
thereafter. The agreements for Dr. Draper and Ms. Koeppel each provide
that their supplemental retirement benefits are reduced by pension
entitlements, if any, from plans sponsored by prior employers.
In addition, certain employees who met certain defined criteria conditions
continue to earn a benefit using the pension formula that had been maintained
under their plans before the cash balance formula was implemented. Under the
AEP Plans, the pension formula had been based upon a participant's final
average pay. That final average pay benefit accrual formula will terminate on
December 31, 2010. Only employees who have continuously participated in the
AEP Plans since December 31, 2000 accrue retirement benefits under both the
cash balance and final average pay formulas. Employees accruing benefits under
both formulas whose employment has terminated may choose to receive their
benefits in any of the forms permitted under the AEP Plans, and their benefits
will be provided under the formula that provides the greater amount for the
chosen form. The accrued benefit earned by an employee under the final average
pay formula as of December 31, 2010 (the date the final average pay formula
will be discontinued) is the minimum benefit an employee can receive from the
AEP Plans after that time.
The final average pay formula under the AEP Plans uses compensation for the
executive officers named in the Summary Compensation Table above (other than
Mr. Shockley) consisting of the average of the 36 consecutive months of the
officer's highest aggregate salary and Senior Officer Annual Incentive
Compensation Plan awards, shown in the Salary and Bonus columns, respectively,
of the Summary Compensation Table, out of the officer's most recent 10 years of
service.
The following table shows the approximate annual annuities that would be
payable to employees in certain higher salary classifications under the final
average pay formula provided through the AEP Plans, assuming termination of
employment on December 31, 2002 after various periods of service and with
benefits commencing at age 65.
Pension Plan Table
Years of Accredited Service
---------------------------
Highest Average
Annual Earnings 15 20 25 30 35 40
--------------- -- -- -- -- -- --
$ 300,000 $ 69,030 $ 92,040 $115,050 $138,060 $161,070 $181,020
400,000 93,030 124,040 155,050 186,060 217,070 243,670
500,000 117,030 156,040 195,050 234,060 273,070 306,320
600,000 141,030 188,040 235,050 282,060 329,070 368,970
700,000 165,030 220,040 275,050 330,060 385,070 431,620
1,000,000 237,030 316,040 395,050 474,060 553,070 619,570
1,200,000 285,030 380,040 475,050 570,060 665,070 744,870
2,000,000 447,030 636,040 795,050 954,060 1,113,070 1,246,020
The amounts shown in the table are the straight life annuities payable under
the AEP Plan's final average pay formula without reduction for the joint and
survivor annuity. 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 in the case of a termination of
employment if an employee commences benefits between ages 55 and 62. If an
employee terminates employment and commences benefits at or after age 62, there
is no reduction in the retirement annuity.
As of December 31, 2002, for the executive officers named in the Summary
Compensation Table (except for Mr. Shockley 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, 34.9 years; Mr. Fayne, 28.1
years; Ms. Tomasky, 24.5 years; and Ms. Koeppel, 17.8 years. The years of
service for Dr. Draper, Ms. Tomasky and Ms. Koeppel include years of service
provided by their respective agreements with AEP as described above in
connection with the cash balance formula. The agreements for Dr. Draper and Ms.
Koeppel each provide that their 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, continued to earn a benefit under
prior benefit formulas that are based on career average pay and final average
pay. Of the executive officers named in the Summary Compensation Table, only
Mr. Shockley is an eligible participant under the CSW Plans and has a choice
following the termination of his employment to elect his benefit based on the
cash balance formula or the prior pension formulas.
Under the CSW Plans, the estimated annual annuity payable to Mr. Shockley at
age 65 under the final average pay formula computed as of December 31, 2002,
is $183,600. The annual normal retirement benefit payable to Mr. Shockley under
the final average pay formula is based on 1.67% of "Average Compensation" times
the number of years of credited service (reduced by no more than 50 percent of
his age 62 or later Social Security benefit), provided that the annual benefit
would be increased annually based upon percentage increases 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
has an agreement entered into with CSW prior to the merger with AEP under which
he 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, 2002, are 19
and 57.
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 would have
terminated by December 31, 2002, 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 was 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 therefore qualified for supplemental retirement payments of $95,400 per
year for fifteen years assuming he would retire at age 65.
Severance Plan
In connection with the merger with Central and South West Corporation, AEP's
Board of Directors adopted a severance plan on February 24, 1999, effective
March 1, 1999, that included Mr. Fayne and Ms. Tomasky. The severance plan
provided for payments and other benefits if, at any time before June
15, 2002 (the second anniversary of the merger consummation date), the
officer's employment is terminated (i) by AEP without 'cause' or (ii) by the
officer because of a detrimental change in responsibilities or a reduction in
salary or benefits. Both Mr. Fayne and Ms. Tomasky remained employed with AEP
after June 15, 2002, such that the severance plan did not take effect for them.
Under the severance plan, the officer would have received:
- A lump sum payment equal to three times the officer's annual base salary
plus his or her target annual incentive under the Senior Officer
Annual Incentive Compensation Plan.
- 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.
- Outplacement services not to exceed a cost of $30,000 or use of an
office and secretarial services for up to one year.
AEP's obligation for the payments and benefits under the severance plan was
subject to the waiver by the officer of any other severance benefits that may
have been provided by AEP. In addition, the officer would have agreed to
refrain from the disclosure of confidential information relating to AEP.
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 substantially the same
payments and benefits as the severance plan with the following additions:
- 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.
- 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:
- The acquisition by any person of the beneficial ownership of securities
representing 25% or more of AEP's voting stock;
- A change in the composition of a majority of the Board of Directors under
certain circumstances within any two-year period; or
- 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, 2003 through December 31, 2003, is provided by: Associated Electric
& Gas Insurance Services, Energy Insurance Mutual, Zurich American Insurance
Company, Zurich Specialties London (UK) Ltd., National Union Fire Insurance
Company of Pittsburgh, PA, Federal Insurance Company, Starr Excess
International and Oil Casualty Insurance Limited. The total cost of this
insurance is $18,327,168.
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 and Zurich American Insurance Company, was renewed, effective
July 1, 2000 through June 30, 2003, for a cost of $355,350.
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 2002
Name or Number Primary
Name of of Recipients Purpose of Purpose of Accounts
Company or Beneficiaries Entity Contribution Charged Amounts
Access Indiana Legislative
I&M Information Network Affairs Registration Fees 426.4 $957
Kentuckians for
Employment & Economic Constitution
KPCo Progress Amendment Endorsement 426.4 $1,000
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 2002
Company Company In Effect
Nature of Performing Receiving Date of On Dec. 31st
Transactions Service Service Compensation Contract (Yes or No)
(1) (2) (3) (4) (5) (6)
------------ ---------- --------- ------------ --------- ------------
(in thousands)
Communication Services AEPCLLC APCo $ 3,202 3/04/98 Yes
Communication Services AEPCLLC KPCo 212 11/18/97 Yes
Communication Services AEPCLLC I&M 1,758 10/24/98 Yes
Communication Services AEPCLLC WPCo 956 11/18/97 Yes
Communication Services AEPCLLC OPCo 1,156 2/12/98 Yes
Communication Services AEPCLLC CSPCo 1,073 2/12/98 Yes
Communication Services C3Comm TNC 1
Communication Services C3Comm TCC 362 3/24/00 Yes
Project & Administrative Svcs. KGPCo AEPCLLC 200
Project & Administrative Svcs. APCO AEPCLLC 2,648 3/04/98 Yes
Project & Administrative Svcs. KPCo AEPCLLC 127 3/04/98 Yes
Project & Administrative Svcs. I&M AEPCLLC 574 10/24/98 Yes
Project & Administrative Svcs. WPCo AEPCLLC (894) 11/18/97 Yes
Project & Administrative Svcs. OPCo AEPCLLC 1,310 2/12/98 Yes
Project & Administrative Svcs. CSPCo AEPCLLC 399 2/12/98 Yes
Machine Shop Services APCo System Operating Companies 10,461 12/08/78 Yes
Racine Hydro Service APCo OPCo 4 12/08/78 Yes
Simulator Training Services APCo System Operating Companies 786 12/12/87 Yes
Coal Conveyance Simco, Inc. CCPC 182 05/01/91 Yes
Coal Washing CCPC CSPCo 10,959 11/05/84 Yes
A/R Factoring AEP Credit APCo 4,788 12/31/01 Yes
A/R Factoring AEP Credit CSPCo 15,769 12/31/01 Yes
A/R Factoring AEP Credit I&M 7,447 12/31/01 Yes
A/R Factoring AEP Credit KPCo 2,676 12/31/01 Yes
A/R Factoring AEP Credit KGPCo 589 12/31/01 Yes
A/R Factoring AEP Credit OPCo 11,364 12/31/01 Yes
A/R Factoring AEP Credit PSO 7,230 12/31/01 Yes
A/R Factoring AEP Credit SWEPCo 5,433 12/31/01 Yes
A/R Factoring AEP Credit TCC 957 12/31/01** No
A/R Factoring AEP Credit TNC 280 12/31/01** No
Barging I&M OPCo 7,860 5/1/86 Yes
Barging I&M APCo 12,771 5/1/86 Yes
Barging I&M AEG 7,781 5/1/86 Yes
Barging/Towing I&M MEMCo 5,696 Yes
Barging I&M AEP Pro Serv 9 Yes
Barging I&M AEP Energy Services 153 Yes
Service-Fuel Procurement HPL TCC 579 Yes
Service-Fuel Procurement HPL TNC 238 Yes
Technical and Administrative Svc. AEPSC OVEC 3,474 12/27/56 Yes
Technical and Administrative Svc. AEPSC IKEC 3,517 12/27/56 Yes
Maintenance Services APCo OVEC 320 1/1/79 Yes
Maintenance Services APCo IKEC 131 1/1/79 Yes
** - Agreements Terminated on March 31, 2002
Transactions between AEP System companies pursuant to the Affiliated
Transactions Agreement dated December 31, 1996 are reported in Exhibit F of this
U5S.
------------------------
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, 2002:
(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 - $870 million. Recourse debt - NONE.
Guarantees - NONE. Asset Transfers - NONE.
(c) Earnings - $(434.7) million,
(d) NONE
(a) AEP Energy Services UK Generation Limited
50 Berkeley Street
Mayfair London W1J89AP, Great Britain
(b) Capital invested - $73 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfers - NONE.
(c) Earnings - $(161.0) million.
(d) NONE
(a) CitiPower Pty.
600 Bourke Street
Melbourne Victoria
3000 Australia
(b) Capital invested - $202 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfers - NONE.
(c) Earnings - $(150.6) 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 $62 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfers - NONE.
(c) Debt to equity ratio - 0.9:1. Earnings - $(14.0) million.
(d) Nanyang has contracts with AEP Pro Serv, Inc. for consulting and
administrative service which resulted in a fee of $358,000.
(a) Empresa de Eletricidade Vale Paranapanema S.A. ("Vale")
Avenida Paulista, No. 2439, 5th floor
Sao Paulo, Sao Paulo
Brazil
Owns a majority interest in five electric operating companies in
Brazil. AEP owns a 44% share of Vale and a 20% share of a Vale
subsidiary.
(b) Capital invested - NONE. Recourse debt - NONE.
Convertible debt - NONE. Guarantees - NONE. Asset transfers - NONE.
(c) Debt to equity ratio - 0.2:1. Earnings - $(147.5) million.
(d) NONE
(a) AEP Energy Services Nordic SA
Herengracht 548
NL-1017 GC Amsterdam, The Netherlands
(b) Capital invested - NONE. Recourse debt - NONE.
Convertible debt - NONE. Guarantees - NONE. Asset transfers - NONE.
(c) Earnings - $(14.0) million.
(d) NONE
(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 - $16.8 million. Recourse Debt - NONE.
Guarantees - NONE. Assets transferred - NONE.
(c) Noncurrent liabilities to equity ratio - 0.2:1. Earnings -
$20.6 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 - $73.4 million. Recourse debt - NONE.
Guarantees - NONE. Assets transferred - NONE.
(c) Debt to equity ratio - 12.8:1. Earnings - $(6.2) 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 - $61.5 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfers - NONE.
(c) Debt to equity ratio - 5.6:1. Earnings - ($3.3 million).
(d) NONE
Exempt Wholesale Generators:
(a) Newgulf Power Venture, Inc.
1 Riverside Plaza
Columbus, Ohio
Operation of 85 megawatt plant in Texas.
(b) Capital invested - $7.8 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfers - NONE
(c) Debt to equity ratio - 1.5:1. Earnings - $(8.4) million.
(d) NONE
(a) Desert Sky Wind Farm L.P.
1 Riverside Plaza
Columbus, Ohio
Operation of Windfarm in Texas.
(b) Capital invested - $15.9 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfer NONE.
(c) Debt to equity ratio - 2.1:1. Earnings - $1.4 million.
(d) NONE
(a) Trent Windfarm L.P.
1 Riverside Plaza
Columbus, Ohio
Operation of Windfarm in Texas.
(b) Capital invested - $130.7 million. Recourse debt - NONE.
Guarantees - NONE. Asset transfer - NONE.
(c) Earnings - $3.8 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 - $(61.6) 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 $1.4 billion and
in exempt wholesale generators is $154 million which is 22.3%
of its investment in domestic public utility
subsidiary companies.
ITEM 10. FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS Page No.
-----------
Consent of Independent Public Accountants A
Consolidating Statements of Income B-1 to B-19
Consolidating Balance Sheets B-20 to B-57
Consolidating Statements of Cash Flows B-58 to B-69
Consolidating Statements of Retained Earnings B-70 to B-80
Notes to Consolidating Financial Statements C
Financial Statements of Subsidiaries
Not Consolidated:
OVEC D-1 to D-4
EXHIBITS
Exhibit A E
Exhibit B & C **
Exhibit D **
Exhibit E **
Exhibit F **
Exhibit G **
Exhibit H ***
** 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/ Geoffrey S. Chatas
-----------------------
Geoffrey S. Chatas
Treasurer
April 30, 2003
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, 2002, of our reports dated February 21, 2003,
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
change in 2002 in its method of accounting for goodwill and to certain
impairments of goodwill, long-lived assets and other investments in the
fourth quarter of 2002), AEP Generating Company, AEP Texas Central Company
and subsidiaries, AEP Texas North Company, Appalachian Power Company and
subsidiaries, Columbus Southern Power Company and subsidiaries, Indiana
Michigan Power Company and subsidiaries, Kentucky Power Company, Ohio Power
Company, Public Service Company of Oklahoma and subsidiary, and Southwestern
Electric Power Company and subsidiaries for the year ended December 31, 2002.
/s/ Deloitte & Touche LLP
-------------------------
Deloitte & Touche LLP
Columbus, Ohio
April 30, 2003
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------
AEP AEP ADJUSTMENTS
DESCRIPTION CONSOLIDATED AND ELIMINATIONS AEP AEPSC
------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 14,620,540,231.06 (4,376,396,146.48) 0.00 1,011,725,218.43
PROVISION FOR RATE REFUND (65,384,224.65) 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 14,555,156,006.41 (4,376,396,146.48) 0.00 1,011,725,218.43
OPERATING EXPENSES
OPERATIONS
FUEL 2,622,126,493.80 (159,017,533.90) 0.00 3,042,925.43
PURCHASED POWER NON AFFIL 3,684,673,902.74 (1,273,279,249.42) 0.00 149,038.61
PURCHASE POWER AFFILIATED 0.00 (1,327,099,614.61) 0.00 0.00
OTHER OPERATION 3,223,540,961.34 (1,413,969,322.34) 44,759,520.35 817,044,121.49
MAINTENANCE 789,466,945.04 (106,767,257.74) (14,061.47) 92,701,257.74
TOTAL OPER/MAINT EXPENSES 10,319,808,302.92 (4,280,132,978.01) 44,745,458.89 912,937,343.28
NON-RECOVERABLE MERGER COSTS 10,000,000.00 10,000,000.00 0.00 0.00
ASSET IMPAIRMENTS 866,737,000.00 866,737,000.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 1,376,555,898.66 (95,667,632.80) 0.00 30,462,743.88
TAXES OTHER THAN INCOME TAXES 718,237,327.84 (54,462,713.12) 0.00 50,076,713.12
STATE, LOCAL & FOREIGN INCOME TAXES (0.00) (66,498,109.39) (10,656.00) (6,404,116.45)
FEDERAL INCOME TAXES 0.00 (379,435,401.34) (3,647,104.00) 7,831,395.60
TOTAL OPERATING EXPENSES 13,291,338,529.42 (3,999,459,834.66) 41,087,698.89 994,904,079.43
NET OPERATING INCOME 1,263,817,476.99 (376,936,311.82) (41,087,698.89) 16,821,139.00
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 445,160,580.76 1,372,842,072.86 (278,486,007.49) 115,124.72
OTHER INCOME DEDUCTIONS (321,878,243.24) 279,004,440.91 (13,045.38) (9,784,449.68)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES (321,162,000.00) (321,162,000.00) 0.00 0.00
INC TAXES APPL TO OTH INC&DED 0.00 (313,477,778.43) (6,000.00) 0.00
NET OTHR INCOME AND DEDUCTIONS (197,879,662.49) 1,017,206,735.34 (278,505,052.87) (9,669,324.97)
INCOME BEFORE INTEREST CHARGES 1,065,937,814.50 640,270,423.52 (319,592,751.75) 7,151,814.03
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 639,232,207.15 (206,266,442.42) 92,462,234.38 5,044,000.34
INT SHORT TERM DEBT - AFFIL 10.52 (69,894,244.89) 301,557.05 3,753,401.22
INT SHORT TERM DEBT - NON-AFFL 66,993,633.52 0.00 56,319,049.29 0.00
AMORT OF DEBT DISC, PREM & EXP 16,056,988.59 0.00 395,883.74 5,213.64
AMORT LOSS ON REACQUIRED DEBT 14,837,403.69 0.00 0.00 421,825.08
AMORT GAIN ON REACQUIRED DEBT (847,849.51) 0.00 0.00 0.00
OTHER INTEREST EXPENSE 78,283,222.31 0.00 46,805,798.26 911,819.37
TOTAL INTEREST CHARGES 814,555,616.26 (276,160,687.31) 196,284,522.72 10,136,259.64
AFUDC BORROWED FUNDS - CR (29,667,985.01) 0.00 0.00 (2,984,445.60)
NET INTEREST CHARGES 784,887,631.26 (276,160,687.31) 196,284,522.72 7,151,814.04
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 10,872,699.14 10,872,699.14 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 35,495,000.00 35,495,000.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES 234,682,484.10 870,063,411.69 (515,877,274.47) (0.01)
INCOME TAXES 213,707,000.00 213,707,000.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT 20,975,484.10 656,356,411.69 (515,877,274.47) (0.01)
NET EXTRAORDINARY ITEMS 0.00 350,300,000.00 0.00 0.00
DISCONTINUED OPERATIONS (189,895,000.00) (189,895,000.00) 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE (350,300,000.00) (350,300,000.00) 0.00 0.00
NET INCOME (519,219,515.90) 466,461,411.69 (515,877,274.47) (0.01)
PREF STK DIVIDEND REQUIREMENT 0.00 (10,872,699.14) 0.00 0.00
NET INCOME APPLICABLE TO COMMON STOCK (519,219,515.90) 477,334,110.83 (515,877,274.47) (0.01)
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
POLR
DESCRIPTION PL CONSOLIDATED AEPPOOL AEPPRO
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 0.00 11,687,635.95 0.00 361,389,159.86
PROVISION FOR RATE REFUND 0.00 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 0.00 11,687,635.95 0.00 361,389,159.86
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 5,441,641.21 0.00 0.00
OTHER OPERATION (0.02) 6,256,813.57 (0.01) 348,128,949.44
MAINTENANCE 0.00 6.21 0.00 2,238.01
TOTAL OPER/MAINT EXPENSES (0.02) 11,698,460.99 (0.01) 348,131,187.46
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 0.00 0.00 0.00 76,238.09
TAXES OTHER THAN INCOME TAXES 0.00 97,860.25 0.00 0.00
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00 0.00 0.00
FEDERAL INCOME TAXES 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES (0.02) 11,796,321.24 (0.01) 348,207,425.55
NET OPERATING INCOME 0.02 (108,685.29) 0.01 13,181,734.31
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 0.00 1,524.45 0.00 1,678,233.47
OTHER INCOME DEDUCTIONS 0.00 (10.78) 0.00 (235,255.38)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED 0.00 95,120.00 0.00 (5,201,992.58)
NET OTHR INCOME AND DEDUCTIONS 0.00 96,633.67 0.00 (3,759,014.49)
INCOME BEFORE INTEREST CHARGES 0.02 (12,051.62) 0.01 9,422,719.83
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 0.00 0.00 0.00
INT SHORT TERM DEBT - AFFIL 0.00 21,541.81 0.00 (1,181.46)
INT SHORT TERM DEBT - NON-AFFL 0.00 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 0.00 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
OTHER INTEREST EXPENSE 0.00 143,056.04 0.00 38,068.53
TOTAL INTEREST CHARGES 0.00 164,597.85 0.00 36,887.07
AFUDC BORROWED FUNDS - CR 0.00 0.00 0.00 0.00
NET INTEREST CHARGES 0.00 164,597.85 0.00 36,887.07
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES 0.02 (176,649.47) 0.01 9,385,832.76
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT 0.02 (176,649.47) 0.01 9,385,832.76
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME 0.02 (176,649.47) 0.01 9,385,832.76
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 0.00
NET INCOME APPLICABLE TO COMMON STOCK 0.02 (176,649.47) 0.01 9,385,832.76
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
AEPES CORP
DESCRIPTION AEPPM AEGCO CONSOLIDATED CCCO
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 0.00 213,281,199.00 646,139,910.58 0.00
PROVISION FOR RATE REFUND 0.00 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 0.00 213,281,199.00 646,139,910.58 0.00
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 89,105,002.31 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00 736,115,012.31 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 0.00 0.00
OTHER OPERATION 197.73 81,206,844.42 105,864,040.61 0.00
MAINTENANCE 6.21 9,418,084.64 23,217.63 0.00
TOTAL OPER/MAINT EXPENSES 203.93 179,729,931.37 842,002,270.55 0.00
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 0.00 22,560,463.14 1,305,315.32 0.00
TAXES OTHER THAN INCOME TAXES 0.00 3,280,473.27 24,930.92 0.00
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 515,170.00 0.00 0.00
FEDERAL INCOME TAXES 0.00 1,065,701.00 0.00 0.00
TOTAL OPERATING EXPENSES 203.93 207,151,738.78 843,332,516.79 0.00
NET OPERATING INCOME (203.93) 6,129,460.22 (197,192,606.21) 0.00
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 0.00 343,508.45 4,916,466.60 244,194.70
OTHER INCOME DEDUCTIONS (50.00) (198,242.48) (1,924,895.36) (240,783.37)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED 88.00 3,535,886.00 72,579,715.51 (4,003.00)
NET OTHR INCOME AND DEDUCTIONS 38.00 3,681,151.97 75,571,286.75 (591.67)
INCOME BEFORE INTEREST CHARGES (165.93) 9,810,612.19 (121,621,319.47) (591.67)
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 1,817,637.50 222,855.17 0.00
INT SHORT TERM DEBT - AFFIL 0.00 379,215.95 2,507,795.27 (5,777.69)
INT SHORT TERM DEBT - NON-AFFL 0.00 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 29,366.17 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 237,172.21 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
OTHER INTEREST EXPENSE 0.00 0.00 1,450,800.64 5,186.00
TOTAL INTEREST CHARGES 0.00 2,463,391.83 4,181,451.08 (591.69)
AFUDC BORROWED FUNDS - CR 0.00 (204,968.01) (84,610.69) 0.00
NET INTEREST CHARGES 0.00 2,258,423.82 4,096,840.39 (591.69)
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES (165.93) 7,552,188.38 (125,718,159.86) 0.02
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT (165.93) 7,552,188.38 (125,718,159.86) 0.02
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME (165.93) 7,552,188.38 (125,718,159.86) 0.02
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 0.00
NET INCOME APPLICABLE TO COMMON STOCK (165.93) 7,552,188.38 (125,718,159.86) 0.02
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEPT&DSVC IFRI FRECO AEPRELLC
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 941,328.41 0.00 0.00 0.00
PROVISION FOR RATE REFUND 0.00 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 941,328.41 0.00 0.00 0.00
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00 0.00 (7,299.68)
PURCHASE POWER AFFILIATED 0.00 0.00 0.00 0.00
OTHER OPERATION 998,457.95 (0.00) (0.02) 65,029.07
MAINTENANCE 10,024.43 0.00 0.00 6.21
TOTAL OPER/MAINT EXPENSES 1,008,482.38 (0.00) (0.02) 57,735.60
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 0.00 0.00 0.00 0.00
TAXES OTHER THAN INCOME TAXES 115.00 0.00 0.00 0.00
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00 0.00 0.00
FEDERAL INCOME TAXES 0.00 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 1,008,597.38 (0.00) (0.02) 57,735.60
NET OPERATING INCOME (67,268.97) 0.00 0.02 (57,735.60)
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 0.07 0.00 0.00 11,822.00
OTHER INCOME DEDUCTIONS (2,243.55) 0.00 0.00 (220.02)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED 26,642.00 0.00 0.00 16,728.00
NET OTHR INCOME AND DEDUCTIONS 24,398.52 0.00 0.00 28,329.98
INCOME BEFORE INTEREST CHARGES (42,870.45) 0.00 0.02 (29,405.62)
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 0.00 0.00 0.00
INT SHORT TERM DEBT - AFFIL 6,989.59 0.00 0.00 1,659.28
INT SHORT TERM DEBT - NON-AFFL 0.00 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 0.00 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
OTHER INTEREST EXPENSE 0.00 0.00 0.00 0.00
TOTAL INTEREST CHARGES 6,989.59 0.00 0.00 1,659.28
AFUDC BORROWED FUNDS - CR 0.00 0.00 0.00 0.00
NET INTEREST CHARGES 6,989.59 0.00 0.00 1,659.28
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES (49,860.04) 0.00 0.02 (31,064.90)
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT (49,860.04) 0.00 0.02 (31,064.90)
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME (49,860.04) 0.00 0.02 (31,064.90)
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 0.00
NET INCOME APPLICABLE TO COMMON STOCK (49,860.04) 0.00 0.02 (31,064.90)
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
APCO CSPCO I&M
DESCRIPTION AEPCOAL CONSOLIDATED CONSOLIDATED CONSOLIDATED
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 175,513,876.86 1,814,545,733.14 1,400,159,790.66 1,526,764,298.30
PROVISION FOR RATE REFUND 0.00 (75,669.90) 0.00 0.00
TOTAL OPERATING REVENUES, NET 175,513,876.86 1,814,470,063.24 1,400,159,790.66 1,526,764,298.30
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 430,963,333.21 185,086,159.43 239,455,530.13
PURCHASED POWER NON AFFIL 0.00 56,789,694.96 15,023,128.84 23,442,916.33
PURCHASE POWER AFFILIATED 0.00 234,898,301.50 310,605,117.07 233,723,553.81
OTHER OPERATION 158,061,399.37 269,426,035.01 237,802,014.61 462,707,070.08
MAINTENANCE 0.00 122,209,111.73 60,002,904.50 151,602,042.09
TOTAL OPER/MAINT EXPENSES 158,061,399.38 1,114,286,476.41 808,519,324.45 1,110,931,112.44
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 13,533,368.39 189,334,689.75 131,623,511.93 168,070,188.38
TAXES OTHER THAN INCOME TAXES 1,129,498.00 95,248,434.99 136,023,991.14 57,721,494.98
STATE, LOCAL & FOREIGN INCOME TAXES 39,328.00 13,202,656.00 17,555,301.67 (480,600.10)
FEDERAL INCOME TAXES (20,806,103.07) 100,334,841.00 86,659,159.00 39,332,986.00
TOTAL OPERATING EXPENSES 151,957,490.70 1,512,407,098.15 1,180,381,288.20 1,375,575,181.70
NET OPERATING INCOME 23,556,386.16 302,062,965.09 219,778,502.46 151,189,116.60
OTHER INCOME AND DEDUCTIONS
OTHER INCOME (59,905,468.76) 29,278,266.29 26,360,209.22 93,738,634.13
OTHER INCOME DEDUCTIONS 0.00 (11,783,065.05) (4,307,724.66) (71,028,717.13)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED 0.00 2,610,804.00 (6,788,652.33) (5,984,095.00)
NET OTHR INCOME AND DEDUCTIONS (59,905,468.76) 20,106,005.24 15,263,832.24 16,725,822.00
INCOME BEFORE INTEREST CHARGES (36,349,082.60) 322,168,970.32 235,042,334.70 167,914,938.59
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 110,954,927.62 50,518,110.69 91,295,594.45
INT SHORT TERM DEBT - AFFIL 2,297,028.23 4,889,649.69 3,243,937.22 439,246.20
INT SHORT TERM DEBT - NON-AFFL 989.19 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 1,968,396.74 430,486.10 1,889,295.25
AMORT LOSS ON REACQUIRED DEBT 0.00 2,553,659.50 1,032,696.70 1,261,269.70
AMORT GAIN ON REACQUIRED DEBT 0.00 (39,501.17) 0.00 (1,712.11)
OTHER INTEREST EXPENSE 0.00 1,970,020.62 1,122,061.02 1,811,664.44
TOTAL INTEREST CHARGES 2,298,017.42 122,297,152.99 56,347,291.73 96,695,357.93
AFUDC BORROWED FUNDS - CR 0.00 (5,620,295.46) (2,478,512.07) (2,772,886.19)
NET INTEREST CHARGES 2,298,017.42 116,676,857.53 53,868,779.66 93,922,471.74
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES (38,647,100.02) 205,492,112.79 181,173,555.04 73,992,466.85
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT (38,647,100.02) 205,492,112.79 181,173,555.04 73,992,466.85
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME (38,647,100.02) 205,492,112.79 181,173,555.04 73,992,466.85
PREF STK DIVIDEND REQUIREMENT 0.00 2,897,225.92 1,332,324.81 4,601,570.07
NET INCOME APPLICABLE TO COMMON STOCK (38,647,100.02) 202,594,886.87 179,841,230.23 69,390,896.78
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
DESCRIPTION KEPCO KGPCO OPCO WPCO
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 378,682,527.76 83,396,692.97 2,113,124,711.31 86,350,465.95
PROVISION FOR RATE REFUND 0.00 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 378,682,527.76 83,396,692.97 2,113,124,711.31 86,350,465.95
OPERATING EXPENSES
OPERATIONS
FUEL 65,043,135.97 (0.00) 584,730,479.14 0.00
PURCHASED POWER NON AFFIL 28,559.82 0.00 67,384,563.35 6,318,494.66
PURCHASE POWER AFFILIATED 133,002,263.25 58,212,601.70 71,153,465.92 50,598,841.16
OTHER OPERATION 52,891,859.50 7,396,722.71 416,533,101.09 7,926,533.17
MAINTENANCE 35,088,783.73 2,520,425.34 136,609,321.16 2,787,392.95
TOTAL OPER/MAINT EXPENSES 286,054,602.27 68,129,749.75 1,276,410,930.66 67,631,261.93
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 33,233,072.67 3,372,108.33 248,557,189.09 4,171,434.16
TAXES OTHER THAN INCOME TAXES 8,239,972.33 3,369,732.27 176,246,877.57 5,215,709.47
STATE, LOCAL & FOREIGN INCOME TAXES 1,817,199.00 166,000.00 27,715,569.30 833,600.00
FEDERAL INCOME TAXES 7,140,999.00 2,219,374.00 85,865,482.74 2,679,244.00
TOTAL OPERATING EXPENSES 336,485,845.27 77,256,964.35 1,814,796,049.36 80,531,249.57
NET OPERATING INCOME 42,196,682.49 6,139,728.61 298,328,661.95 5,819,216.38
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 7,863,232.12 (13,715.85) 51,953,085.63 (49,209.34)
OTHER INCOME DEDUCTIONS (752,400.61) (96,456.25) (28,567,021.11) (353,581.60)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED (1,904,218.00) 58,065.00 (18,009,853.00) 406,391.00
NET OTHR INCOME AND DEDUCTIONS 5,206,613.52 (52,107.10) 5,376,211.51 3,600.06
INCOME BEFORE INTEREST CHARGES 47,403,296.01 6,087,621.52 303,704,873.46 5,822,816.44
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 25,635,326.25 1,346,007.26 78,315,908.45 1,346,007.33
INT SHORT TERM DEBT - AFFIL 1,751,406.48 146,257.91 6,942,133.55 58,711.26
INT SHORT TERM DEBT - NON-AFFL (180.00) 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 422,689.85 33,333.36 906,573.84 33,333.35
AMORT LOSS ON REACQUIRED DEBT 34,837.98 243.00 603,694.69 510.42
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
OTHER INTEREST EXPENSE 626,213.56 110,150.66 3,604,505.29 14,576.64
TOTAL INTEREST CHARGES 28,470,294.12 1,635,992.19 90,372,815.82 1,453,139.00
AFUDC BORROWED FUNDS - CR (1,634,362.54) (8,348.32) (6,691,367.85) (17,423.22)
NET INTEREST CHARGES 26,835,931.58 1,627,643.87 83,681,447.97 1,435,715.78
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES 20,567,364.43 4,459,977.65 220,023,425.49 4,387,100.66
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT 20,567,364.43 4,459,977.65 220,023,425.49 4,387,100.66
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME 20,567,364.43 4,459,977.65 220,023,425.49 4,387,100.66
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 1,258,738.20 0.00
NET INCOME APPLICABLE TO COMMON STOCK 20,567,364.43 4,459,977.65 218,764,687.29 4,387,100.66
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
AEPINV AEPR AEP COMM CSW
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 33,695.78 4,048,628,478.90 11,258,116.76 4,951,974,640.63
PROVISION FOR RATE REFUND 0.00 0.00 0.00 (65,308,554.75)
TOTAL OPERATING REVENUES, NET 33,695.78 4,048,628,478.90 11,258,116.76 4,886,666,085.88
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 121,960,612.51 0.00 1,061,756,849.56
PURCHASED POWER NON AFFIL 0.00 3,236,294,647.13 0.00 814,759,153.33
PURCHASE POWER AFFILIATED 0.00 0.00 0.00 180,812,905.30
OTHER OPERATION 4,060,149.12 430,536,567.71 6,990,226.26 1,112,465,293.33
MAINTENANCE 12.42 72,494,075.37 605,391.39 208,354,830.53
TOTAL OPER/MAINT EXPENSES 4,060,161.53 3,861,285,902.72 7,595,617.65 3,378,149,032.04
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 28,831.76 77,357,358.72 4,824,125.59 532,749,661.40
TAXES OTHER THAN INCOME TAXES 0.00 4,861,337.53 37,647.61 228,532,014.43
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 (1,310,464.32) 0.00 12,859,122.29
FEDERAL INCOME TAXES (256,201.00) (13,758,209.00) 0.00 93,742,734.07
TOTAL OPERATING EXPENSES 3,832,792.29 3,928,435,925.65 12,457,390.85 4,246,032,564.23
NET OPERATING INCOME (3,799,096.51) 120,192,553.25 (1,199,274.09) 640,633,521.65
OTHER INCOME AND DEDUCTIONS
OTHER INCOME (19,798,381.00) (641,912,755.40) (18,149,803.93) (128,353,269.56)
OTHER INCOME DEDUCTIONS (12,779.00) (193,213,618.76) (132,125,231.17) (130,906,052.06)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED 4,201,204.00 182,897,155.68 55,712,243.00 34,443,860.15
NET OTHR INCOME AND DEDUCTIONS (15,609,956.00) (652,229,218.47) (94,562,792.10) (224,815,461.47)
INCOME BEFORE INTEREST CHARGES (19,409,052.51) (532,036,665.22) (95,762,066.18) 415,818,060.18
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 289.66 108,274,276.90 11,382,717.83 259,773,478.78
INT SHORT TERM DEBT - AFFIL 171,085.28 5,499,659.71 1,779,497.81 34,118,122.47
INT SHORT TERM DEBT - NON-AFFL 0.00 4,901,250.33 0.00 5,772,524.71
AMORT OF DEBT DISC, PREM & EXP 0.00 5,093,884.77 49,342.44 4,799,189.34
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00 8,691,494.41
AMORT GAIN ON REACQUIRED DEBT 0.00 (412,205.20) 0.00 (394,431.03)
OTHER INTEREST EXPENSE 0.00 3,456,087.37 112,188.18 15,911,189.31
TOTAL INTEREST CHARGES 171,374.94 126,812,953.88 13,323,746.26 328,671,567.99
AFUDC BORROWED FUNDS - CR 0.00 (38,955.56) (844,178.36) (6,287,631.13)
NET INTEREST CHARGES 171,374.94 126,773,998.32 12,479,567.90 322,383,936.86
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES (19,580,427.45) (658,810,663.54) (108,241,634.08) 93,434,123.32
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT (19,580,427.45) (658,810,663.54) (108,241,634.08) 93,434,123.32
NET EXTRAORDINARY ITEMS 0.00 (27,300,000.00) 0.00 (323,000,000.00)
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME (19,580,427.45) (686,110,663.54) (108,241,634.08) (229,565,876.68)
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 782,840.14
NET INCOME APPLICABLE TO COMMON STOCK (19,580,427.45) (686,110,663.54) (108,241,634.08) (230,348,716.82)
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------
AEP C&I DESERT SKY DESERT SKY 2 MUTUAL
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
--------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
GROSS OPERATING REVENUES 94,829,383.44 0.00 13,452,258.81 53,057,254.06
PROVISION FOR RATE REFUND 0.00 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 94,829,383.44 0.00 13,452,258.81 53,057,254.06
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00 0.00 1,655,242.50
PURCHASE POWER AFFILIATED 42,398,819.09 0.00 0.00 6,252,104.60
OTHER OPERATION 22,751,866.61 507,190.90 2,548,485.34 40,581,794.28
MAINTENANCE 18.62 94.73 1,818,999.98 18.63
TOTAL OPER/MAINT EXPENSES 65,150,704.32 507,285.64 4,367,485.32 48,489,160.01
NON-RECOVERABLE MERGER COSTS 0.00 0.00 0.00 0.00
ASSET IMPAIRMENTS 0.00 0.00 0.00 0.00
DEPRECIATION AND AMORTIZATION 22,223.88 0.00 8,851,992.45 2,089,014.53
TAXES OTHER THAN INCOME TAXES 646,550.59 0.00 1,946,587.50 100.00
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00 0.00 0.00
FEDERAL INCOME TAXES (1.00) (8,968,897.00) 0.00 0.00
TOTAL OPERATING EXPENSES 65,819,477.79 (8,461,611.37) 15,166,065.27 50,578,274.54
NET OPERATING INCOME 29,009,905.66 8,461,611.37 (1,713,806.46) 2,478,979.52
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 180,479.74 2,279,185.63 21,698.06 1,453.96
OTHER INCOME DEDUCTIONS (15,257,192.31) 0.00 0.00 (79,648.46)
INVESTMENT VALUE AND OTHER IMPAIRMENT LOSSES 0.00 0.00 0.00 0.00
INC TAXES APPL TO OTH INC&DED (4,557,325.00) 2,710.00 0.00 (652,695.00)
NET OTHR INCOME AND DEDUCTIONS (19,634,037.57) 2,281,895.63 21,698.06 (730,889.50)
INCOME BEFORE INTEREST CHARGES 9,375,868.09 10,743,507.00 (1,692,108.40) 1,748,090.02
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 2,279,185.63 4,830,091.33 0.00
INT SHORT TERM DEBT - AFFIL 716,938.20 324,550.39 (44.83) 550,874.83
INT SHORT TERM DEBT - NON-AFFL 0.00 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 0.00 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
OTHER INTEREST EXPENSE 8,718.68 0.00 181,110.70 7.00
TOTAL INTEREST CHARGES 725,656.88 2,603,736.02 5,011,157.20 550,881.83
AFUDC BORROWED FUNDS - CR 0.00 0.00 0.00 0.00
NET INTEREST CHARGES 725,656.88 2,603,736.02 5,011,157.20 550,881.83
PREFERRED STOCK DIVIDEND
REQUIREMENT OF SUBSIDARIES 0.00 0.00 0.00 0.00
MINORITY INTEREST IN FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
NET INCOME BEFORE INCOME TAXES 8,650,211.20 8,139,770.98 (6,703,265.60) 1,197,208.19
INCOME TAXES 0.00 0.00 0.00 0.00
NET INCOME BEFORE DISCONTINUED
OPERATIONS, EXTRAORDINARY ITEMS
CUMULATIVE EFFECT 8,650,211.20 8,139,770.98 (6,703,265.60) 1,197,208.19
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
DISCONTINUED OPERATIONS 0.00 0.00 0.00 0.00
CUMULATIVE EFFECT OF ACCOUNTING CHANGE 0.00 0.00 0.00 0.00
NET INCOME 8,650,211.20 8,139,770.98 (6,703,265.60) 1,197,208.19
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 0.00
NET INCOME APPLICABLE TO COMMON STOCK 8,650,211.20 8,139,770.98 (6,703,265.60) 1,197,208.19
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
CSW CSW
DESCRIPTION CONSOLIDATED ELIMINATIONS CSW SEEBOARD
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 4,813,110,573.27 (706,567,746.37) 0.00 693,515,690.00
SALES TO AFFILIATES 138,864,067.36 (508,897,058.83) 0.00 0.00
GROSS OPERATING REVENUES 4,951,974,640.63 (1,215,464,805.20) 0.00 693,515,690.00
PROVISION FOR RATE REFUND (65,308,554.75) 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 4,886,666,085.88 (1,215,464,805.20) 0.00 693,515,690.00
OPERATING EXPENSES
OPERATIONS
FUEL 1,061,756,849.56 0.00 0.00 0.00
PURCHASED POWER NON AFFIL 814,759,153.33 0.00 0.00 429,576,124.00
PURCHASE POWER AFFILIATED 180,812,905.30 (721,213,469.20) 0.00 0.00
OTHER OPERATION 1,112,465,293.33 (493,959,335.99) 1,405,644.68 117,601,903.00
MAINTENANCE 208,354,830.53 0.00 0.00 0.00
TOTAL OPER/MAINT EXPENSES 3,378,149,032.04 (1,215,172,805.19) 1,405,644.68 547,178,027.00
DEPRECIATION AND AMORTIZATION 532,749,661.40 0.00 281,136.00 32,862,782.00
TAXES OTHER THAN INCOME TAXES 228,532,014.43 0.00 0.00 0.00
STATE, LOCAL & FOREIGN INCOME TAXES 12,859,122.29 0.00 0.00 0.00
FEDERAL INCOME TAXES 93,742,734.07 0.00 (604,763.00) 24,300,325.00
TOTAL OPERATING EXPENSES 4,246,032,564.23 (1,215,172,805.19) 1,082,017.68 604,341,134.00
NET OPERATING INCOME 640,633,521.65 (292,000.01) (1,082,017.68) 89,174,556.00
OTHER INCOME AND DEDUCTIONS
OTHER INCOME (128,353,269.56) 219,425,328.09 (218,949,762.21) 11,106,220.54
OTHER INCOME DEDUCTIONS (130,906,052.06) 0.00 (10,054,028.75) 92,684,354.00
INC TAXES APPL TO OTH INC&DED 34,443,860.15 0.00 0.00 (58,749,978.00)
NET OTHR INCOME AND DEDUCTIONS (224,815,461.47) 219,425,328.09 (229,003,790.96) 45,040,596.54
INCOME BEFORE INTEREST CHARGES 415,818,060.18 219,133,328.08 (230,085,808.64) 134,215,152.54
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 259,773,478.78 (426,682.56) 0.00 37,445,501.00
INT SHORT TERM DEBT - AFFIL 34,118,122.47 0.00 261,657.82 244,598.00
INT SHORT TERM DEBT - NON-AFFL 5,772,524.71 0.00 0.00 0.00
AMORT OF DEBT DISC, PREM & EXP 4,799,189.34 0.00 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 8,691,494.41 0.00 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT (394,431.03) 0.00 0.00 0.00
OTHER INTEREST EXPENSE 15,911,189.31 0.00 1,252.32 0.00
TOTAL INTEREST CHARGES 328,671,567.99 (426,682.56) 262,910.14 37,690,099.00
AFUDC BORROWED FUNDS - CR (6,287,631.13) 0.00 0.00 0.00
NET INTEREST CHARGES 322,383,936.86 (426,682.56) 262,910.14 37,690,099.00
NET EXTRAORDINARY ITEMS (323,000,000.00) 0.00 0.00 (323,000,000.00)
NET INCOME BEFORE PREF DIV (229,565,876.68) 219,560,010.64 (230,348,718.78) (226,474,946.46)
PREF STK DIVIDEND REQUIREMENT 782,840.14 0.00 0.00 0.00
NET INCOME - EARN FOR CMMN STK (230,348,716.82) 219,560,010.64 (230,348,718.78) (226,474,946.46)
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
AEP TX CENTRAL
DESCRIPTION AEP CREDIT ENERSHOP CSWL CONSOLIDATED
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 2,440,953.48 (484,242.30) 0.00 1,294,026,464.45
SALES TO AFFILIATES 56,672,738.05 0.00 0.00 395,038,078.77
GROSS OPERATING REVENUES 59,113,691.53 (484,242.30) 0.00 1,689,064,543.22
PROVISION FOR RATE REFUND 0.00 0.00 0.00 1,428,000.00
TOTAL OPERATING REVENUES, NET 59,113,691.53 (484,242.30) 0.00 1,690,492,543.22
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00 0.00 245,834,168.81
PURCHASED POWER NON AFFIL 0.00 0.00 0.00 211,358,078.85
PURCHASE POWER AFFILIATED 0.00 0.00 0.00 23,405,829.84
OTHER OPERATION 41,363,151.54 1,248,974.51 438,570.99 304,093,924.14
MAINTENANCE 0.00 6.20 (0.01) 63,392,564.96
TOTAL OPER/MAINT EXPENSES 41,363,151.54 1,248,980.72 438,570.99 848,084,566.60
DEPRECIATION AND AMORTIZATION 0.00 113,649.54 0.00 214,162,038.98
TAXES OTHER THAN INCOME TAXES 0.00 459.96 0.00 95,499,863.65
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00 0.00 3,616,342.00
FEDERAL INCOME TAXES 4,380,246.00 0.00 (696,200.68) 135,397,950.00
TOTAL OPERATING EXPENSES 45,743,397.54 1,363,090.22 (257,629.69) 1,296,760,761.23
NET OPERATING INCOME 13,370,293.99 (1,847,332.52) 257,629.69 393,731,782.00
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 9,230.79 11,735.33 737,374.23 53,141,298.65
OTHER INCOME DEDUCTIONS (345,908.26) 8,038.41 0.00 (41,910,282.08)
INC TAXES APPL TO OTH INC&DED (960,623.83) 985,186.00 (796,733.00) (3,151,881.00)
NET OTHR INCOME AND DEDUCTIONS (1,297,301.30) 1,004,959.74 (59,358.77) 8,079,135.57
INCOME BEFORE INTEREST CHARGES 12,072,992.69 (842,372.77) 198,270.92 401,810,917.56
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 910,200.00 0.00 106,824,449.59
INT SHORT TERM DEBT - AFFIL 947,762.72 134,266.54 0.00 11,112,591.22
INT SHORT TERM DEBT - NON-AFFL 2,763,413.31 0.00 0.00 91,729.23
AMORT OF DEBT DISC, PREM & EXP 0.00 5,921.04 0.00 2,774,399.73
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00 1,450,244.74
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 (448.08)
OTHER INTEREST EXPENSE 54,087.11 0.00 0.00 8,237,268.41
TOTAL INTEREST CHARGES 3,765,263.14 1,050,387.58 0.00 130,490,234.84
AFUDC BORROWED FUNDS - CR 0.00 0.00 0.00 (4,619,972.31)
NET INTEREST CHARGES 3,765,263.14 1,050,387.58 0.00 125,870,262.53
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
NET INCOME BEFORE PREF DIV 8,307,729.55 (1,892,760.35) 198,270.92 275,940,655.03
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 237,269.55
NET INCOME - EARN FOR CMMN STK 8,307,729.55 (1,892,760.35) 198,270.92 275,703,385.48
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
CSW ENERGY SWEPCO INT
DESCRIPTION PSO CORPORATION AEP TX NORTH CORP CONSOLIDATED CONSOLIDATED
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 784,128,768.64 350,731,304.98 101,348,386.18 1,013,021,178.90
SALES TO AFFILIATES 9,439,235.00 100,610,611.99 13,931,101.01 71,608,285.10
GROSS OPERATING REVENUES 793,568,003.64 451,341,916.97 115,279,487.19 1,084,629,464.01
PROVISION FOR RATE REFUND 80,000.00 (601,624.00) 0.00 91,000.00
TOTAL OPERATING REVENUES, NET 793,648,003.64 450,740,292.97 115,279,487.19 1,084,720,464.01
OPERATING EXPENSES
OPERATIONS
FUEL 246,199,021.34 100,465,519.67 80,923,889.53 388,334,250.21
PURCHASED POWER NON AFFIL 47,507,541.27 80,391,271.02 0.00 44,119,049.11
PURCHASE POWER AFFILIATED 89,453,588.40 37,581,901.23 3,492,643.38 42,021,945.28
OTHER OPERATION 133,537,831.83 147,858,286.39 41,074,547.06 189,023,916.92
MAINTENANCE 48,060,108.45 22,295,319.03 5,817,254.69 66,854,968.15
TOTAL OPER/MAINT EXPENSES 564,758,091.28 388,592,297.33 131,308,334.66 730,354,129.67
DEPRECIATION AND AMORTIZATION 85,896,232.27 43,619,979.73 22,127,049.36 122,969,355.15
TAXES OTHER THAN INCOME TAXES 34,076,957.23 22,470,650.89 5,894,842.56 55,232,039.25
STATE, LOCAL & FOREIGN INCOME TAXES 4,447,986.66 (1,362,932.00) 580,106.29 5,577,619.34
FEDERAL INCOME TAXES 19,747,341.00 (10,450,867.00) (106,143,620.25) 28,118,216.00
TOTAL OPERATING EXPENSES 708,926,608.45 442,869,128.95 53,766,712.62 942,251,359.41
NET OPERATING INCOME 84,721,395.20 7,871,164.02 61,512,774.57 142,469,104.59
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 1,919,909.95 53,762,954.01 (216,023,328.23) 3,259,549.62
OTHER INCOME DEDUCTIONS (6,971,339.38) (54,754,760.18) (353,393.37) (1,796,906.02)
INC TAXES APPL TO OTH INC&DED 1,813,784.00 289,010.00 444,616.08 (1,771,550.00)
NET OTHR INCOME AND DEDUCTIONS (3,237,645.43) (702,796.18) (215,932,105.52) (308,906.40)
INCOME BEFORE INTEREST CHARGES 81,483,749.76 7,168,367.84 (154,419,330.96) 142,160,198.20
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 32,594,922.15 13,994,305.24 4,849,090.33 48,359,082.94
INT SHORT TERM DEBT - AFFIL 5,374,965.51 3,777,913.71 4,898,071.63 4,588,042.70
INT SHORT TERM DEBT - NON-AFFL 950.17 390.30 587,793.04 1,096,109.93
AMORT OF DEBT DISC, PREM & EXP 778,009.32 300,481.87 19,737.00 827,876.54
AMORT LOSS ON REACQUIRED DEBT 1,243,881.49 2,898,277.70 0.00 3,099,090.48
AMORT GAIN ON REACQUIRED DEBT (30,087.84) (19,181.43) 0.00 (344,713.68)
OTHER INTEREST EXPENSE 1,132,287.75 272,266.67 2,219,825.88 2,091,974.68
TOTAL INTEREST CHARGES 41,094,928.55 21,224,454.06 12,574,517.88 59,717,463.59
AFUDC BORROWED FUNDS - CR (673,419.85) (379,145.75) 0.00 (549,038.58)
NET INTEREST CHARGES 40,421,508.70 20,845,308.31 12,574,517.88 59,168,425.01
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
NET INCOME BEFORE PREF DIV 41,062,241.06 (13,676,940.47) (166,993,848.84) 82,991,773.19
PREF STK DIVIDEND REQUIREMENT 212,359.27 104,156.76 0.00 229,054.56
NET INCOME - EARN FOR CMMN STK 40,849,881.79 (13,781,097.23) (166,993,848.84) 82,762,718.63
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
CSW INTERNATIONAL CSW ENERGY SVCS REP HOLDCO
DESCRIPTION CONSOLIDATED C3 COMMUNICATIONS CONSOLIDATED CONSOLIDATED
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 135,345.00 6,693,068.46 3,720,990.97 1,270,400,410.87
SALES TO AFFILIATES 0.00 359,590.06 0.00 101,486.21
GROSS OPERATING REVENUES 135,345.00 7,052,658.52 3,720,990.97 1,270,501,897.08
PROVISION FOR RATE REFUND 0.00 0.00 0.00 (66,305,930.75)
TOTAL OPERATING REVENUES, NET 135,345.00 7,052,658.52 3,720,990.97 1,204,195,966.33
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00 0.00 1,807,089.08
PURCHASE POWER AFFILIATED 0.00 0.00 0.00 706,070,466.37
OTHER OPERATION 1,326,246.39 12,319,800.16 122,532,744.70 492,599,087.02
MAINTENANCE 5,386.79 1,929,209.85 6.21 6.21
TOTAL OPER/MAINT EXPENSES 1,331,633.18 14,249,010.01 122,532,750.90 1,200,476,648.67
DEPRECIATION AND AMORTIZATION 141,534.76 9,425,474.59 1,150,429.02 0.00
TAXES OTHER THAN INCOME TAXES 716.20 35,336.30 17.75 15,321,130.64
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00 0.00 0.00
FEDERAL INCOME TAXES (302,553.00) (3,340.00) 0.00 0.00
TOTAL OPERATING EXPENSES 1,171,331.14 23,706,480.90 123,683,197.67 1,215,797,779.31
NET OPERATING INCOME (1,035,986.14) (16,653,822.38) (119,962,206.70) (11,601,812.98)
OTHER INCOME AND DEDUCTIONS
OTHER INCOME (276,654,298.28) (22,204.62) 109,144,281.47 130,778,441.09
OTHER INCOME DEDUCTIONS (1,724.25) (107,361,172.89) (15,478.72) (33,450.56)
INC TAXES APPL TO OTH INC&DED 85,318,583.00 47,698,722.00 3,760,128.90 (40,435,404.00)
NET OTHR INCOME AND DEDUCTIONS (191,337,439.53) (59,684,655.51) 112,888,931.65 90,309,586.53
INCOME BEFORE INTEREST CHARGES (192,373,425.67) (76,338,477.89) (7,073,275.05) 78,707,773.55
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 962,810.09 10,619,000.00 3,640,800.00 0.00
INT SHORT TERM DEBT - AFFIL 601,778.96 957,054.05 (224,734.08) 1,444,153.69
INT SHORT TERM DEBT - NON-AFFL 12,211.81 0.00 1,219,926.92 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 69,079.44 23,684.40 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00 0.00
OTHER INTEREST EXPENSE 0.00 342.00 5,078.00 1,896,806.49
TOTAL INTEREST CHARGES 1,576,800.86 11,645,475.49 4,664,755.24 3,340,960.18
AFUDC BORROWED FUNDS - CR 0.00 (66,054.64) 0.00 0.00
NET INTEREST CHARGES 1,576,800.86 11,579,420.85 4,664,755.24 3,340,960.18
NET EXTRAORDINARY ITEMS 0.00 0.00 0.00 0.00
NET INCOME BEFORE PREF DIV (193,950,226.53) (87,917,898.74) (11,738,030.29) 75,366,813.37
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00 0.00
NET INCOME - EARN FOR CMMN STK (193,950,226.53) (87,917,898.74) (11,738,030.29) 75,366,813.37
AEP TEXAS CENTRAL COMPANY
AND SUBSIDIARY COMPANY
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
TEXAS CENTRAL TEXAS CENTRAL TEXAS CENTRAL AEP TEXAS CORP
DESCRIPTION CONSOLIDATED ELIMINATIONS SEC CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 1,294,026,464.45 0.00 32,267,298.23 1,261,759,166.22
SALES TO AFFILIATES 395,038,078.77 (298,998.00) 58,376,172.59 336,960,904.18
GROSS OPERATING REVENUES 1,689,064,543.22 (298,998.00) 90,643,470.82 1,598,720,070.40
PROVISION FOR RATE REFUND 1,428,000.00 0.00 0.00 1,428,000.00
TOTAL OPERATING REVENUES, NET 1,690,492,543.22 (298,998.00) 90,643,470.82 1,600,148,070.40
OPERATING EXPENSES
OPERATIONS
FUEL 245,834,168.81 0.00 0.00 245,834,168.81
PURCHASED POWER NON AFFIL 211,358,078.85 0.00 0.00 211,358,078.85
PURCHASE POWER AFFILIATED 23,405,829.84 0.00 0.00 23,405,829.84
OTHER OPERATION 304,093,924.14 (298,998.00) 600,267.85 303,792,654.29
MAINTENANCE 63,392,564.96 0.00 0.00 63,392,564.96
TOTAL OPER/MAINT EXPENSES 848,084,566.60 (298,998.00) 600,267.85 847,783,296.75
DEPRECIATION AND AMORTIZATION 214,162,038.98 0.00 50,013,046.61 164,148,992.37
TAXES OTHER THAN INCOME TAXES 95,499,863.65 0.00 0.00 95,499,863.65
STATE, LOCAL & FOREIGN INCOME TAXES 3,616,342.00 0.00 0.00 3,616,342.00
FEDERAL INCOME TAXES 135,397,950.00 0.00 0.00 135,397,950.00
TOTAL OPERATING EXPENSES 1,296,760,761.23 (298,998.00) 50,613,314.46 1,246,446,444.77
NET OPERATING INCOME 393,731,782.00 0.00 40,030,156.36 353,701,625.64
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 53,141,298.65 0.00 483,917.64 52,657,381.01
OTHER INCOME DEDUCTIONS (41,910,282.08) 0.00 0.00 (41,910,282.08)
INC TAXES APPL TO OTH INC&DED (3,151,881.00) 0.00 0.00 (3,151,881.00)
NET OTHR INCOME AND DEDUCTIONS 8,079,135.57 0.00 483,917.64 7,595,217.93
INCOME BEFORE INTEREST CHARGES 401,810,917.56 0.00 40,514,074.00 361,296,843.56
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 106,824,449.59 0.00 38,661,221.00 68,163,228.59
INT SHORT TERM DEBT - AFFIL 11,112,591.22 0.00 0.00 11,112,591.22
INT SHORT TERM DEBT - NON-AFFL 91,729.23 0.00 0.00 91,729.23
AMORT OF DEBT DISC, PREM & EXP 2,774,399.73 0.00 1,852,853.00 921,546.73
AMORT LOSS ON REACQUIRED DEBT 1,450,244.74 0.00 0.00 1,450,244.74
AMORT GAIN ON REACQUIRED DEBT (448.08) 0.00 0.00 (448.08)
OTHER INTEREST EXPENSE 8,237,268.41 0.00 0.00 8,237,268.41
TOTAL INTEREST CHARGES 130,490,234.84 0.00 40,514,074.00 89,976,160.84
AFUDC BORROWED FUNDS - CR (4,619,972.31) 0.00 0.00 (4,619,972.31)
NET INTEREST CHARGES 125,870,262.53 0.00 40,514,074.00 85,356,188.53
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 275,940,655.03 0.00 0.00 275,940,655.03
PREF STK DIVIDEND REQUIREMENT 237,269.55 0.00 0.00 237,269.55
NET INCOME - EARN FOR CMMN STK 275,703,385.48 0.00 0.00 275,703,385.48
APPALACHIAN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
APCO APCO
DESCRIPTION CONSOLIDATED ELIMINATIONS APCO CACCO
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 1,628,069,020.28 0.00 1,628,069,020.28 0.00
SALES TO AFFILIATES 186,476,712.86 (173,777.30) 186,650,490.16 0.00
GROSS OPERATING REVENUES 1,814,545,733.14 (173,777.30) 1,814,719,510.44 0.00
PROVISION FOR RATE REFUND (75,669.90) 0.00 (75,669.90) 0.00
TOTAL OPERATING REVENUES, NET 1,814,470,063.24 (173,777.30) 1,814,643,840.54 0.00
OPERATING EXPENSES
OPERATIONS
FUEL 430,963,333.21 0.00 430,963,333.21 0.00
PURCHASED POWER NON AFFIL 56,789,694.96 0.00 56,789,694.96 0.00
PURCHASE POWER AFFILIATED 234,898,301.50 0.00 234,898,301.50 0.00
OTHER OPERATION 269,426,035.01 (1,212,885.74) 270,638,920.74 0.00
MAINTENANCE 122,209,111.73 0.00 122,209,111.73 0.00
TOTAL OPER/MAINT EXPENSES 1,114,286,476.41 (1,212,885.74) 1,115,499,362.14 0.00
DEPRECIATION AND AMORTIZATION 189,334,689.75 0.00 189,334,689.75 0.00
TAXES OTHER THAN INCOME TAXES 95,248,434.99 0.00 95,248,434.99 0.00
STATE, LOCAL & FOREIGN INCOME TAXES 13,202,656.00 0.00 13,202,656.00 0.00
FEDERAL INCOME TAXES 100,334,841.00 0.00 100,334,841.00 0.00
TOTAL OPERATING EXPENSES 1,512,407,098.15 (1,212,885.74) 1,513,619,983.89 0.00
NET OPERATING INCOME 302,062,965.09 1,039,108.44 301,023,856.65 (0.00)
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 29,278,266.29 (7,858,947.19) 28,528,901.98 (7,929.16)
OTHER INCOME DEDUCTIONS (11,783,065.05) 6,285,047.32 (10,312,922.41) (8,569.30)
INC TAXES APPL TO OTH INC&DED 2,610,804.00 0.00 3,200,201.00 (10,143.00)
NET OTHR INCOME AND DEDUCTIONS 20,106,005.24 (1,573,899.87) 21,416,180.57 (26,641.46)
INCOME BEFORE INTEREST CHARGES 322,168,970.32 (534,791.43) 322,440,037.22 (26,641.47)
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 110,954,927.62 0.00 110,954,927.62 0.00
INT SHORT TERM DEBT - AFFIL 4,889,649.69 (37.26) 5,162,012.59 (32,806.46)
AMORT OF DEBT DISC, PREM & EXP 1,968,396.74 0.00 1,968,396.74 0.00
AMORT LOSS ON REACQUIRED DEBT 2,553,659.50 0.00 2,553,659.50 0.00
AMORT GAIN ON REACQUIRED DEBT (39,501.17) 0.00 (39,501.17) 0.00
OTHER INTEREST EXPENSE 1,970,020.62 0.00 1,968,724.62 99.00
TOTAL INTEREST CHARGES 122,297,152.99 (37.26) 122,568,219.89 (32,707.46)
AFUDC BORROWED FUNDS - CR (5,620,295.46) 0.00 (5,620,295.46) 0.00
NET INTEREST CHARGES 116,676,857.53 (37.26) 116,947,924.43 (32,707.46)
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 205,492,112.79 (534,754.17) 205,492,112.79 6,065.99
PREF STK DIVIDEND REQUIREMENT 2,897,225.92 0.00 2,897,225.92 0.00
NET INCOME - EARN FOR CMMN STK 202,594,886.87 (534,754.17) 202,594,886.87 6,065.99
APPALACHIAN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------
DESCRIPTION SACCO CECCO WVPCO
----------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 0.00 0.00 0.00
SALES TO AFFILIATES 0.00 0.00 0.00
GROSS OPERATING REVENUES 0.00 0.00 0.00
PROVISION FOR RATE REFUND 0.00 0.00 0.00
TOTAL OPERATING REVENUES, NET 0.00 0.00 0.00
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00 0.00
OTHER OPERATION 0.00 0.00 0.00
MAINTENANCE 0.00 0.00 0.00
TOTAL OPER/MAINT EXPENSES 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
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00 0.00
FEDERAL INCOME TAXES 0.00 0.00 0.00
TOTAL OPERATING EXPENSES 0.00 0.00 0.00
NET OPERATING INCOME 0.00 0.00 0.00
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 871,139.02 7,743,259.98 1,841.65
OTHER INCOME DEDUCTIONS (50,575.38) (7,695,445.28) (600.00)
INC TAXES APPL TO OTH INC&DED (357,282.00) (221,538.00) (434.00)
NET OTHR INCOME AND DEDUCTIONS 463,281.64 (173,723.30) 807.65
INCOME BEFORE INTEREST CHARGES 463,281.64 (173,723.30) 807.65
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 0.00 0.00
INT SHORT TERM DEBT - AFFIL (78,178.36) (161,340.82) 0.00
AMORT OF DEBT DISC, PREM & EXP 0.00 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT 0.00 0.00 0.00
OTHER INTEREST EXPENSE 1,097.00 100.00 0.00
TOTAL INTEREST CHARGES (77,081.36) (161,240.82) 0.00
AFUDC BORROWED FUNDS - CR 0.00 0.00 0.00
NET INTEREST CHARGES (77,081.36) (161,240.82) 0.00
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 540,363.00 (12,482.48) 807.65
PREF STK DIVIDEND REQUIREMENT 0.00 0.00 0.00
NET INCOME - EARN FOR CMMN STK 540,363.00 (12,482.48) 807.65
COLUMBUS SOUTHERN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
CSP CSP
DESCRIPTION CONSOLIDATED ELIMINATIONS CSP SIMCO
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 1,342,958,387.74 (11,008,145.12) 1,342,958,387.74 48,900.00
SALES TO AFFILIATES 57,201,402.92 (133,200.00) 57,201,402.92 133,200.00
GROSS OPERATING REVENUES 1,400,159,790.66 (11,141,345.12) 1,400,159,790.66 182,100.00
TOTAL OPERATING REVENUES, NET 1,400,159,790.66 (11,141,345.12) 1,400,159,790.66 182,100.00
OPERATING EXPENSES
OPERATIONS
FUEL 185,086,159.43 (1,943,520.05) 187,029,679.48 0.00
PURCHASED POWER NON AFFIL 15,023,128.84 0.00 15,023,128.84 0.00
PURCHASE POWER AFFILIATED 310,605,117.07 0.00 310,605,117.07 0.00
OTHER OPERATION 237,802,014.61 (7,604,978.04) 236,040,366.61 4,656.96
MAINTENANCE 60,002,904.50 (1,204,034.23) 60,002,904.49 41.17
TOTAL OPER/MAINT EXPENSES 808,519,324.45 (10,752,532.31) 808,701,196.49 4,698.12
DEPRECIATION AND AMORTIZATION 131,623,511.93 (102,048.67) 131,558,389.41 69,096.00
TAXES OTHER THAN INCOME TAXES 136,023,991.14 (275,396.66) 136,023,991.14 0.29
STATE, LOCAL & FOREIGN INCOME TAXES 17,555,301.67 0.00 17,555,301.67 0.00
FEDERAL INCOME TAXES 86,659,159.00 0.00 86,537,425.00 30,651.00
TOTAL OPERATING EXPENSES 1,180,381,288.20 (11,129,977.64) 1,180,376,303.71 104,445.41
NET OPERATING INCOME 219,778,502.46 (11,367.48) 219,783,486.95 77,654.59
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 26,360,209.22 (1,473,267.70) 25,539,096.23 506.60
OTHER INCOME DEDUCTIONS (4,307,724.66) 16,951.47 (4,190,220.43) (8,298.79)
INC TAXES APPL TO OTH INC&DED (6,788,652.33) 0.00 (6,104,818.33) (15,954.00)
NET OTHR INCOME AND DEDUCTIONS 15,263,832.24 (1,456,316.23) 15,244,057.47 (23,746.19)
INCOME BEFORE INTEREST CHARGES 235,042,334.70 (1,467,683.71) 235,027,544.42 53,908.40
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 50,518,110.69 0.00 50,518,110.69 0.00
INT SHORT TERM DEBT - AFFIL 3,243,937.22 (37.27) 3,242,440.24 (5,030.65)
AMORT OF DEBT DISC, PREM & EXP 430,486.10 0.00 430,486.10 0.00
AMORT LOSS ON REACQUIRED DEBT 1,032,696.70 0.00 1,032,696.70 0.00
OTHER INTEREST EXPENSE 1,122,061.02 0.00 1,108,021.02 40.00
TOTAL INTEREST CHARGES 56,347,291.73 (37.27) 56,331,754.75 (4,990.65)
AFUDC BORROWED FUNDS - CR (2,478,512.07) 0.00 (2,477,765.38) (9.09)
NET INTEREST CHARGES 53,868,779.66 (37.27) 53,853,989.37 (4,999.74)
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 181,173,555.04 (1,467,646.44) 181,173,555.05 58,908.13
PREF STK DIVIDEND REQUIREMENT 1,332,324.81 0.00 1,332,324.81 0.00
NET INCOME - EARN FOR CMMN STK 179,841,230.23 (1,467,646.44) 179,841,230.24 58,908.13
COLUMBUS SOUTHERN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------
DESCRIPTION COLM CCPC
-------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 0.00 10,959,245.12
SALES TO AFFILIATES 0.00 0.00
GROSS OPERATING REVENUES 0.00 10,959,245.12
TOTAL OPERATING REVENUES, NET 0.00 10,959,245.12
OPERATING EXPENSES
OPERATIONS
FUEL 0.00 0.00
PURCHASED POWER NON AFFIL 0.00 0.00
PURCHASE POWER AFFILIATED 0.00 0.00
OTHER OPERATION 44,417.71 9,317,551.37
MAINTENANCE 0.00 1,203,993.08
TOTAL OPER/MAINT EXPENSES 44,417.71 10,521,544.44
DEPRECIATION AND AMORTIZATION 65,122.52 32,952.67
TAXES OTHER THAN INCOME TAXES 0.00 275,396.37
STATE, LOCAL & FOREIGN INCOME TAXES 0.00 0.00
FEDERAL INCOME TAXES 0.00 91,083.00
TOTAL OPERATING EXPENSES 109,540.23 10,920,976.48
NET OPERATING INCOME (109,540.23) 38,268.64
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 2,279,347.91 14,526.18
OTHER INCOME DEDUCTIONS (117,504.23) (8,652.68)
INC TAXES APPL TO OTH INC&DED (667,880.00) 0.00
NET OTHR INCOME AND DEDUCTIONS 1,493,963.68 5,873.50
INCOME BEFORE INTEREST CHARGES 1,384,423.45 44,142.14
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 0.00 0.00
INT SHORT TERM DEBT - AFFIL 45,685.15 (39,120.25)
AMORT OF DEBT DISC, PREM & EXP 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 0.00 0.00
OTHER INTEREST EXPENSE 0.00 14,000.00
TOTAL INTEREST CHARGES 45,685.15 (25,120.25)
AFUDC BORROWED FUNDS - CR 0.00 (737.61)
NET INTEREST CHARGES 45,685.15 (25,857.86)
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 1,338,738.30 70,000.00
PREF STK DIVIDEND REQUIREMENT 0.00 0.00
NET INCOME - EARN FOR CMMN STK 1,338,738.30 70,000.00
INDIANA MICHIGAN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
I&M I&M
DESCRIPTION CONSOLIDATED ELIMINATIONS I&M PRCCO BHCCO
-----------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 1,312,625,974.63 0.00 1,312,625,974.63 0.00 0.00
SALES TO AFFILIATES 214,138,323.67 0.00 214,138,323.67 0.00 0.00
GROSS OPERATING REVENUES 1,526,764,298.30 0.00 1,526,764,298.30 0.00 0.00
TOTAL OPERATING REVENUES, NET 1,526,764,298.30 0.00 1,526,764,298.30 0.00 0.00
OPERATING EXPENSES
OPERATIONS
FUEL 239,455,530.13 0.00 239,455,530.13 0.00 0.00
PURCHASED POWER NON AFFIL 23,442,916.33 0.00 23,442,916.33 0.00 0.00
PURCHASE POWER AFFILIATED 233,723,553.81 0.00 233,723,553.81 0.00 0.00
OTHER OPERATION 462,707,070.08 0.00 462,707,070.08 0.00 0.00
MAINTENANCE 151,602,042.09 0.00 151,602,042.09 0.00 0.00
TOTAL OPER/MAINT EXPENSES 1,110,931,112.44 0.00 1,110,931,112.44 0.00 0.00
DEPRECIATION AND AMORTIZATION 168,070,188.38 0.00 168,070,188.38 0.00 0.00
TAXES OTHER THAN INCOME TAXES 57,721,494.98 0.00 57,721,494.98 0.00 0.00
STATE, LOCAL & FOREIGN INCOME TAXES (480,600.10) 0.00 (480,600.10) 0.00 0.00
FEDERAL INCOME TAXES 39,332,986.00 0.00 39,332,986.00 0.00 0.00
TOTAL OPERATING EXPENSES 1,375,575,181.70 0.00 1,375,575,181.70 0.00 0.00
NET OPERATING INCOME 151,189,116.60 0.00 151,189,116.60 0.00 0.00
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 93,738,634.13 (263,849.03) 93,051,863.77 0.00 950,619.39
OTHER INCOME DEDUCTIONS (71,028,717.13) 770,997.03 (70,553,237.81) 0.00 (1,246,476.36)
INC TAXES APPL TO OTH INC&DED (5,984,095.00) 0.00 (5,582,749.00) 0.00 (401,346.00)
NET OTHR INCOME AND DEDUCTIONS 16,725,822.00 507,148.00 16,915,876.96 0.00 (697,202.97)
INCOME BEFORE INTEREST CHARGES 167,914,938.59 507,148.00 168,104,993.56 0.00 (697,202.97)
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 91,295,594.45 0.00 91,295,594.45 0.00 0.00
INT SHORT TERM DEBT - AFFIL 439,246.20 0.00 629,301.18 0.00 (190,054.98)
AMORT OF DEBT DISC, PREM & EXP 1,889,295.25 0.00 1,889,295.25 0.00 0.00
AMORT LOSS ON REACQUIRED DEBT 1,261,269.70 0.00 1,261,269.70 0.00 0.00
AMORT GAIN ON REACQUIRED DEBT (1,712.11) 0.00 (1,712.11) 0.00 0.00
OTHER INTEREST EXPENSE 1,811,664.44 0.00 1,811,664.44 0.00 0.00
TOTAL INTEREST CHARGES 96,695,357.93 0.00 96,885,412.91 0.00 (190,054.98)
AFUDC BORROWED FUNDS - CR (2,772,886.19) 0.00 (2,772,886.19) 0.00 0.00
NET INTEREST CHARGES 93,922,471.74 0.00 94,112,526.72 0.00 (190,054.98)
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 73,992,466.85 507,148.00 73,992,466.84 0.00 (507,147.99)
PREF STK DIVIDEND REQUIREMENT 4,601,570.07 0.00 4,601,570.07 0.00 0.00
NET INCOME - EARN FOR CMMN STK 69,390,896.78 507,148.00 69,390,896.77 0.00 (507,147.99)
SOUTHWESTERN ELECTRIC POWER COMPANY
AND SUBSIDIARY COMPANY
CONSOLIDATING STATEMENT OF INCOME
YEAR TO DATE THROUGH DECEMBER 31, 2002
-------------------------------------------------------------------------------------------------------------------------------
SWEPCO SWEPCO
DESCRIPTION CONSOLIDATED ELIMINATIONS SWEPCO DOLETHILLS
-------------------------------------------------------------------------------------------------------------------------------
OPERATING REVENUES
SALES TO NON AFFILIATES 1,013,021,178.90 (34,869,138.64) 978,152,040.26 69,738,277.28
SALES TO AFFILIATES 71,608,285.10 42,177.58 71,566,107.52 0.00
GROSS OPERATING REVENUES 1,084,629,464.01 (34,826,961.06) 1,049,718,147.79 69,738,277.28
PROVISION FOR RATE REFUND 91,000.00 0.00 91,000.00 0.00
TOTAL OPERATING REVENUES, NET 1,084,720,464.01 (34,826,961.06) 1,049,809,147.79 69,738,277.28
OPERATING EXPENSES
OPERATIONS
FUEL 388,334,250.21 (9,791,845.27) 398,126,095.48 0.00
PURCHASED POWER NON AFFIL 44,119,049.11 0.00 44,119,049.11 0.00
PURCHASE POWER AFFILIATED 42,021,945.28 0.00 42,021,945.28 0.00
OTHER OPERATION 189,023,916.92 (19,959,983.55) 158,978,497.72 50,005,402.75
MAINTENANCE 66,854,968.15 63.35 66,855,063.18 (158.38)
TOTAL OPER/MAINT EXPENSES 730,354,129.67 (29,751,765.47) 710,100,650.78 50,005,244.37
DEPRECIATION AND AMORTIZATION 122,969,355.15 (4,294,719.26) 116,527,276.28 10,736,798.13
TAXES OTHER THAN INCOME TAXES 55,232,039.25 (780,476.33) 54,061,324.72 1,951,190.86
STATE, LOCAL & FOREIGN INCOME TAXES 5,577,619.34 0.00 5,449,255.34 128,364.00
FEDERAL INCOME TAXES 28,118,216.00 0.00 26,660,643.00 1,457,573.00
TOTAL OPERATING EXPENSES 942,251,359.41 (34,826,961.06) 912,799,150.12 64,279,170.36
NET OPERATING INCOME 142,469,104.59 (0.00) 137,009,997.67 5,459,106.92
OTHER INCOME AND DEDUCTIONS
OTHER INCOME 3,259,549.62 (5,666,385.95) 8,708,840.98 217,094.60
OTHER INCOME DEDUCTIONS (1,796,906.02) 0.00 (1,796,906.02) 0.00
INC TAXES APPL TO OTH INC&DED (1,771,550.00) 0.00 (1,771,550.00) 0.00
NET OTHR INCOME AND DEDUCTIONS (308,906.40) (5,666,385.95) 5,140,384.96 217,094.60
INCOME BEFORE INTEREST CHARGES 142,160,198.20 (5,666,385.95) 142,150,382.63 5,676,201.52
INTEREST CHARGES
INTEREST ON LONG-TERM DEBT 48,359,082.94 (2,950,461.95) 48,359,082.94 2,950,461.95
INT SHORT TERM DEBT - AFFIL 4,588,042.70 0.00 4,578,227.12 9,815.58
INT SHORT TERM DEBT - NON-AFFL 1,096,109.93 0.00 1,096,109.93 0.00
AMORT OF DEBT DISC, PREM & EXP 827,876.54 0.00 827,876.54 0.00
AMORT LOSS ON REACQUIRED DEBT 3,099,090.48 0.00 3,099,090.48 0.00
AMORT GAIN ON REACQUIRED DEBT (344,713.68) 0.00 (344,713.68) 0.00
OTHER INTEREST EXPENSE 2,091,974.68 0.00 2,091,974.68 0.00
TOTAL INTEREST CHARGES 59,717,463.59 (2,950,461.95) 59,707,648.01 2,960,277.53
AFUDC BORROWED FUNDS - CR (549,038.58) 0.00 (549,038.58) 0.00
NET INTEREST CHARGES 59,168,425.01 (2,950,461.95) 59,158,609.43 2,960,277.53
NET EXTRAORDINARY ITEMS
NET INCOME BEFORE PREF DIV 82,991,773.19 (2,715,924.00) 82,991,773.20 2,715,923.99
PREF STK DIVIDEND REQUIREMENT 229,054.56 0.00 229,054.56 0.00
NET INCOME - EARN FOR CMMN STK 82,762,718.63 (2,715,924.00) 82,762,718.64 2,715,923.99
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
AEP AEP ADJUSTMENTS
DESCRIPTION CONSOLIDATED AND ELIMINATIONS AEP AEPSC
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 1,212,704,776.60 (10,000,000.00) 1,006,665,326.94 2,998,381.44
ADVANCES TO AFFILIATES 60,110,204.68 (5,124,473,834.28) 4,264,521,025.81 0.00
ACCOUNTS RECEIVABLE-CUSTOMERS 465,990,281.33 257,751,667.07 0.00 71,926.18
ACCOUNTS RECEIVABLE - MISC 1,310,960,555.71 (23,328,073.31) 9,498,408.04 13,095,026.67
A/P FOR UNCOLLECTIBLE ACCOUNTS (119,231,350.67) 11,103,523.00 (11.18) (408,245.37)
ACCOUNTS RECEIVABLE- ASSOC COS 22,904,809.37 (2,250,863,834.55) 53,029,900.38 483,095,228.69
FUEL 710,595,404.85 (2,000,000.00) 0.00 (0.00)
MATERIALS & SUPPLIES 455,465,201.16 6,789,001.53 0.00 13,094.20
ACCRUED UTILITY REVENUES 600,440,085.75 164,766,807.96 0.00 0.00
PREPAYMENTS 156,430,959.08 (552,252.35) 3,966,982.13 4,781,214.75
ENERGY TRADING CONT CURR ASSET 1,046,147,315.65 (139,011,465.71) 0.00 0.00
OTHER CURRENT ASSETS 178,381,797.49 1,000,000.00 0.00 14,144,243.78
TOTAL CURRENT ASSETS 6,100,900,041.01 (7,108,818,460.64) 5,337,681,632.12 517,790,870.34
ELECTRIC UTILITY PLANT
PRODUCTION 17,030,556,023.54 (194,000,000.00) 0.00 0.00
TRANSMISSION 5,882,206,637.25 0.00 0.00 0.00
DISTRIBUTION 9,573,310,039.06 0.00 0.00 (0.00)
NONUTILITY PROPERTY 258,199,431.30 (52,000,000.00) 0.00 0.00
GENERAL 3,706,925,472.73 31,888.92 736,024.14 349,558,983.86
CONSTRUCTION WORK IN PROGRESS 1,405,999,801.34 (1,000,000.00) (0.00) 52,828,871.85
TOTAL ELECTRIC UTILITY PLANT 37,857,197,405.22 (246,968,111.08) 736,024.14 402,387,855.70
LESS ACCUM PRV-DEPR,DEPL,AMORT (16,173,087,199.49) 40,000,000.00 0.00 (183,936,157.35)
NET ELECTRIC UTILITY PLANT 21,684,110,205.73 (206,968,111.08) 736,024.14 218,451,698.35
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 282,804,912.57 (6,507,699,733.48) 6,585,234,363.48 0.00
REGULATORY ASSETS
REGULATORY ASSETS 3,031,381,767.22 3,078,514.00 0.00 2,909,569.47
FAS109 DFIT RECLASS (A/C 254) (343,352,418.00) 4,418,240.00 (3,762,766.00) (5,863,739.00)
NET REGULATORY ASSETS 2,688,029,349.22 7,496,754.00 (3,762,766.00) (2,954,169.53)
GOODWILL
TOTAL GOODWILL 395,958,986.95 (66,881,000.00) 37,060,693.00 0.00
SECURITIZED TRANSITION ASSETS 734,591,000.00 734,591,000.00 0.00 0.00
ASSETS HELD FOR SALE 247,000,000.00 247,000,000.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 (36,697,717.20) 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 823,783,638.93 (68,114,839.00) 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 994,595,464.85 (2,237,013,491.17) 2,215,904,593.63 101,462,016.41
TOTAL OTHER SPECIAL FUNDS 234,857,203.93 (734,371,000.00) 0.00 0.00
CLEARING ACCOUNTS 9,242,533.59 5,912,974.74 52,328.13 952,398.99
UNAMORTIZED DEBT EXPENSE 130,898,163.06 0.00 7,183,139.63 31,281.53
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES (10,872,699.14) (10,089,859.00)
OTHER DEF DEBITS (less PSDR) 424,861,658.87 29,156,857.05 28,282,797.15 3,163,431.76
TOTAL OTHER DEFERRED DEBITS 413,988,959.73 19,066,998.05 28,282,797.15 3,163,431.76
TOTAL OTHER ASSETS 1,783,582,325.16 (2,946,404,518.38) 2,251,422,858.54 105,609,128.69
TOTAL ASSETS 34,740,760,459.57 (15,952,496,625.77) 14,208,372,805.28 838,897,527.85
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------------------
AEP AEP ADJUSTMENTS
DESCRIPTION CONSOLIDATED AND ELIMINATIONS AEP AEPSC
------------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 1,632,946,035.61 (140,000,000.00) 256,123,314.40 12,000,000.00
SHORT-TERM DEBT 3,164,109,624.02 (1,353,000,000.00) 2,716,680,500.00 0.00
A/P - GENERAL 2,023,053,628.87 (979,659.00) 551,401.89 19,397,155.28
A/P- ASSOC. COS. 19,166,068.48 (1,812,693,358.78) 41,297,794.31 147,481,783.09
ADVANCES FROM AFFILIATES 4,255.01 (4,939,366,311.29) 2,699,787,805.55 272,785,405.85
CUSTOMER DEPOSITS 185,764,378.06 0.00 (100.00) 0.00
TAXES ACCRUED 557,506,098.49 (311,168.00) 11,349,095.00 (24,726,038.24)
INTEREST ACCRUED 181,749,367.79 (11,279,211.91) 19,387,001.83 3,744,066.66
DIVIDENDS DECLARED 1,670,529.61 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 57,487,266.46 0.00 0.00 15,700,934.47
ENERGY TRADING CONT CURR LIAB 1,147,292,042.61 (136,471,009.00) 0.00 0.00
OTHR CURR & ACCRUED LIAB 818,985,433.04 4,300,000.00 14,055,132.88 199,504,320.52
TOTAL CURRENT LIABILITIES 9,789,734,728.05 (8,389,800,717.98) 5,759,231,945.86 645,887,627.63
DERIVATIVE CONTRACTS 483,725,417.68 (67,810,220.00) 0.00 0.00
DEFERRED INCOME TAXES 6,105,110,729.54 805,668.00 260,818.00 106,126,954.00
DFIT & DSIT RECLASS (A/C 190) (2,188,953,496.45) 9,233,103.00 (2,059,707.83) (156,092,290.00)
NET DEFERRED INCOME TAXES 3,916,157,233.09 10,038,771.00 (1,798,889.83) (49,965,336.00)
DEF INVESTMENT TAX CREDITS 455,361,155.00 (8,205,138.00) 0.00 800,278.00
LONG-TERM DEBT LESS AMT DUE 1 YR 8,486,731,007.79 (1,326,920,449.63) 1,383,358,973.20 43,100,000.00
EQUITY UNIT SENIOR NOTES 376,000,000.00 376,000,000.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 90,857,096.85 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 392,863,850.86 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 372,519.89 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 484,093,467.60 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 281,307,925.96 (786,318,262.05) 93,549.67 5,245,118.54
TOTAL DEF CREDITS & REG LIAB'S 765,401,393.56 (786,318,262.05) 93,549.67 5,245,118.54
MINORITY INTEREST IN
FINANCE SUBSIDIARY 759,217,000.00 759,217,000.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 184,931,615.00 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 170,374,208.86 (26,974,274.82) 0.00 22,382,772.02
ACCUM PROVISIONS-RATE REFUND 2,200,000.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 1,730,061,715.57 0.00 0.00 296,760,518.67
TOTAL OTH NONCURRENT LIAB'S 1,902,635,924.42 (26,974,274.82) 0.00 319,143,290.69
LIABILITIES HELD FOR SALE 91,000,000.00 91,000,000.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 321,250,000.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 83,655,000.00 (1,000,000.00) 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 60,815,000.00 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 2,260,928,878.00 (738,722,214.43) 2,260,928,878.00 1,350,000.00
PREMIUM ON CAPITAL STOCK 2,530,307,478.30 (263,732,080.42) 2,530,307,478.30 0.00
PAID-IN CAPITAL 274,170,595.68 (3,956,066,307.79) 274,170,595.68 (126,663,451.00)
ACCUMULATED OTHER COMPREHNSIVE INCOME 0.00 0.00 0.00 0.00
RETAINED EARNINGS 1,998,738,032.97 (1,623,202,731.65) 2,002,080,274.40 (0.01)
COMMON SHAREHOLDERS' EQUITY 7,064,144,984.95 (6,581,723,334.29) 7,067,487,226.38 (125,313,451.01)
TOTAL CAPITAL & LIABILITIES 34,740,760,459.54 (15,952,496,625.77) 14,208,372,805.28 838,897,527.85
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
POLR
DESCRIPTION PL CONSOLIDATED AEPPOOL AEPPRO
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 0.00 (969,435.59) 0.00 895,931.12
ADVANCES TO AFFILIATES 0.00 59,702.49 0.00 36,964,978.18
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 11,135,461.02 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 0.00 38,143.10 0.00 8,493,276.76
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 (3,552,168.35) 0.00 (219,186.67)
ACCOUNTS RECEIVABLE- ASSOC COS 874.99 642,702.94 17,081,957.59 14,998,022.26
FUEL 0.00 0.00 0.00 1,792.74
MATERIALS & SUPPLIES 0.00 0.00 0.00 84,303.01
ACCRUED UTILITY REVENUES 0.00 481,475.60 0.00 0.00
PREPAYMENTS 0.00 0.01 0.00 581,928.47
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00 0.00
OTHER CURRENT ASSETS 0.00 0.00 0.00 0.00
TOTAL CURRENT ASSETS 874.99 7,835,881.22 17,081,957.59 61,801,045.87
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 0.00 0.00 0.00
TRANSMISSION 0.00 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00 0.00
NONUTILITY PROPERTY 0.00 0.00 0.00 0.00
GENERAL 0.00 7,933.80 0.00 1,387,203.48
CONSTRUCTION WORK IN PROGRESS 0.00 0.00 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 0.00 7,933.80 0.00 1,387,203.48
LESS ACCUM PRV-DEPR,DEPL,AMORT 0.00 0.00 0.00 (23,676.69)
NET ELECTRIC UTILITY PLANT 0.00 7,933.80 0.00 1,363,526.79
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 0.00 0.00 0.00 0.00
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 0.00 0.00
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00 0.00
NET REGULATORY ASSETS 0.00 0.00 0.00 0.00
GOODWILL
TOTAL GOODWILL 0.00 0.00 0.00 0.00
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 0.00 0.00 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 45.66 0.00 (3,201,249.34)
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 0.00
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES
OTHER DEF DEBITS (less PSDR) 0.00 (87.00) 0.00 8,604,621.20
TOTAL OTHER DEFERRED DEBITS 0.00 (87.00) 0.00 8,604,621.20
TOTAL OTHER ASSETS 0.00 (41.34) 0.00 5,403,371.86
TOTAL ASSETS 874.99 7,843,773.68 17,081,957.59 68,567,944.52
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
POLR
DESCRIPTION PL CONSOLIDATED AEPPOOL AEPPRO
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 0.00 0.00 0.00
SHORT-TERM DEBT 0.00 0.00 0.00 0.00
A/P - GENERAL 0.00 341,772.87 0.00 6,132,350.15
A/P- ASSOC. COS. 3,173.29 268,169.57 17,081,957.60 26,279,547.25
ADVANCES FROM AFFILIATES 0.00 4,847,718.44 0.00 0.00
CUSTOMER DEPOSITS 0.00 2,322,534.60 0.00 0.00
TAXES ACCRUED 0.00 (29,618.00) 0.00 (1,828,503.21)
INTEREST ACCRUED 0.00 145,548.56 0.00 (107,083.71)
DIVIDENDS DECLARED 0.00 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 0.00 0.00
OTHR CURR & ACCRUED LIAB (2,298.31) 48,850.46 0.00 4,714,868.75
TOTAL CURRENT LIABILITIES 874.98 7,944,976.50 17,081,957.60 35,191,179.22
DERIVATIVE CONTRACTS 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES 0.00 0.00 0.00 304.00
DFIT & DSIT RECLASS (A/C 190) 0.00 0.00 0.00 (8,215,739.00)
NET DEFERRED INCOME TAXES 0.00 0.00 0.00 (8,215,435.00)
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00 0.00
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 0.00 0.00 0.00
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 66,610.40 (0.02) 32,803,239.81
TOTAL DEF CREDITS & REG LIAB'S 0.00 66,610.40 (0.02) 32,803,239.81
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 10,691.66 0.00 202,781.39
TOTAL OTH NONCURRENT LIAB'S 0.00 10,691.66 0.00 202,781.39
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 0.00 0.00 0.00 110,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 0.00 0.00 3,890,000.00
RETAINED EARNINGS 0.02 (178,504.87) 0.01 4,586,179.10
COMMON SHAREHOLDERS' EQUITY 0.02 (178,504.87) 0.01 8,586,179.10
TOTAL CAPITAL & LIABILITIES 874.99 7,843,773.68 17,081,957.59 68,567,944.52
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEPES CORP
DESCRIPTION AEPPM AEGCO CONSOLIDATED CCCO
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 0.00 0.00 9,494,775.89 0.00
ADVANCES TO AFFILIATES 0.00 0.00 8,111,933.86 376,332.38
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 0.00 0.00 652,316,922.05 2,574.16
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 (60,720.81) 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 198.80 18,453,725.73 168,184,845.91 17,911.18
FUEL 0.00 20,259,586.89 192,974,256.88 0.00
MATERIALS & SUPPLIES 0.00 4,913,633.17 755,287.38 0.00
ACCRUED UTILITY REVENUES 0.00 0.00 0.00 0.00
PREPAYMENTS 0.00 22.63 98,502.78 0.00
ENERGY TRADING CONT CURR ASSET 0.00 0.00 549,759,901.00 0.00
OTHER CURRENT ASSETS 0.00 0.00 104,584,941.95 3,979.00
TOTAL CURRENT ASSETS 198.80 43,626,968.42 1,686,220,646.89 400,796.72
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 637,094,907.71 0.00 0.00
TRANSMISSION 0.00 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00 0.00
NONUTILITY PROPERTY 0.00 119,589.14 0.00 715,282.00
GENERAL 0.00 4,727,581.33 21,190,946.97 0.00
CONSTRUCTION WORK IN PROGRESS 0.00 10,390,087.26 17,111,875.86 0.00
TOTAL ELECTRIC UTILITY PLANT 0.00 652,332,165.44 38,302,822.83 715,282.00
LESS ACCUM PRV-DEPR,DEPL,AMORT 0.00 (358,173,910.26) (2,066,690.53) (14,436.00)
NET ELECTRIC UTILITY PLANT 0.00 294,158,255.18 36,236,132.30 700,846.00
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 0.00 0.00 6,557,257.21 0.00
REGULATORY ASSETS
REGULATORY ASSETS 0.00 28,470,093.63 0.00 0.00
FAS109 DFIT RECLASS (A/C 254) 0.00 (40,169,976.00) 0.00 (70,000.00)
NET REGULATORY ASSETS 0.00 (11,699,882.37) 0.00 (70,000.00)
GOODWILL
TOTAL GOODWILL 0.00 0.00 12,139,691.61 0.00
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 0.00 0.00 318,850,783.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 17,175,700.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
CLEARING ACCOUNTS 0.00 (3,189.77) (107,876.92) 0.01
UNAMORTIZED DEBT EXPENSE 0.00 462,932.20 0.00 0.00
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES
OTHER DEF DEBITS (less PSDR) (0.00) 6,513,541.23 21,216,817.86 10,997.31
TOTAL OTHER DEFERRED DEBITS (0.00) 6,513,541.23 21,216,817.86 10,997.31
TOTAL OTHER ASSETS 0.00 6,973,283.65 38,284,640.94 10,997.31
TOTAL ASSETS 198.80 333,058,624.89 2,098,289,151.95 1,042,640.03
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEPES CORP
DESCRIPTION AEPPM AEGCO CONSOLIDATED CCCO
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 0.00 0.00 0.00
SHORT-TERM DEBT 0.00 0.00 0.00 0.00
A/P - GENERAL 0.00 25,775.42 720,761,721.41 0.00
A/P- ASSOC. COS. 928.07 15,907,153.09 248,810,746.90 19,159.12
ADVANCES FROM AFFILIATES 0.00 28,034,382.07 176,385,105.17 0.00
CUSTOMER DEPOSITS 0.00 0.00 58,587,761.45 0.00
TAXES ACCRUED (123.00) 2,327,001.89 43,604,447.62 3,500.11
INTEREST ACCRUED 0.00 911,250.00 24,450.45 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 198,199.99 48,708.20 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 781,452,038.35 0.00
OTHR CURR & ACCRUED LIAB 0.00 4,963,305.52 16,479,170.69 6,920.78
TOTAL CURRENT LIABILITIES 805.07 52,367,067.99 2,046,154,150.23 29,580.01
DERIVATIVE CONTRACTS 0.00 0.00 286,977,995.01 0.00
DEFERRED INCOME TAXES 0.00 102,096,235.00 77,707,124.00 25,873.00
DFIT & DSIT RECLASS (A/C 190) (167.00) (73,093,943.00) (271,745,850.00) (596,883.00)
NET DEFERRED INCOME TAXES (167.00) 29,002,292.00 (194,038,726.00) (571,010.00)
DEF INVESTMENT TAX CREDITS 0.00 52,942,639.00 0.00 0.00
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 44,802,103.06 0.00 0.00
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 0.00 3,917,078.84 0.00
TOTAL DEF CREDITS & REG LIAB'S 0.00 0.00 3,917,078.84 0.00
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 111,046,374.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 300,851.75 42,387.74 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 0.00 2,559,791.61 376,334.00
TOTAL OTH NONCURRENT LIAB'S 0.00 300,851.75 2,602,179.35 376,334.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 100.00 1,000,000.00 200.00 3,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 23,434,000.00 36,607,913.80 1,204,736.00
RETAINED EARNINGS (539.27) 18,163,297.09 (83,931,639.29) 0.02
COMMON SHAREHOLDERS' EQUITY (439.27) 42,597,297.09 (47,323,525.49) 1,207,736.02
TOTAL CAPITAL & LIABILITIES 198.80 333,058,624.89 2,098,289,151.95 1,042,640.03
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEPT&DSVC IFRI FRECO AEPRELLC
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 62.39 120,138.87 662,204.98 0.00
ADVANCES TO AFFILIATES 0.00 13,192.36 46,432.24 0.00
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 264,444.44 0.00 0.00 0.00
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 3,449.29 110,999.81 100,489.17 304,319.23
FUEL 0.00 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.00 0.00 0.00 0.00
ACCRUED UTILITY REVENUES 0.00 0.00 0.00 0.00
PREPAYMENTS 0.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00 0.00
OTHER CURRENT ASSETS 0.00 0.00 0.00 0.00
TOTAL CURRENT ASSETS 267,956.12 244,331.04 809,126.39 304,319.23
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 0.00 0.00 0.00
TRANSMISSION 0.00 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00 0.00
NONUTILITY PROPERTY 0.00 0.00 0.00 0.00
GENERAL 22,161.10 0.00 0.00 0.00
CONSTRUCTION WORK IN PROGRESS 0.00 0.00 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 22,161.10 0.00 0.00 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT 0.00 0.00 0.00 0.00
NET ELECTRIC UTILITY PLANT 22,161.10 0.00 0.00 0.00
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 0.00 0.00 1,000.00 0.00
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 0.00 0.00
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00 0.00
NET REGULATORY ASSETS 0.00 0.00 0.00 0.00
GOODWILL
TOTAL GOODWILL 0.00 0.00 0.00 0.00
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 0.00 0.00 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 11.00 11.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
CLEARING ACCOUNTS 0.06 0.00 (0.00) 0.01
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 0.00
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES
OTHER DEF DEBITS (less PSDR) 197.48 0.00 0.00 0.40
TOTAL OTHER DEFERRED DEBITS 197.48 0.00 0.00 0.40
TOTAL OTHER ASSETS 197.54 11.00 11.00 0.41
TOTAL ASSETS 290,314.76 244,342.04 810,137.39 304,319.64
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEPT&DSVC IFRI FRECO AEPRELLC
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 0.00 0.00 0.00
SHORT-TERM DEBT 0.00 0.00 0.00 0.00
A/P - GENERAL 0.00 0.00 0.00 0.00
A/P- ASSOC. COS. 89,389.36 96,900.16 79,921.81 766.23
ADVANCES FROM AFFILIATES 225,704.06 0.00 0.00 684,917.13
CUSTOMER DEPOSITS 0.00 0.00 0.00 0.00
TAXES ACCRUED 77,974.34 (55.00) (308.98) 2,490.00
INTEREST ACCRUED 0.00 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 0.00 0.00
OTHR CURR & ACCRUED LIAB 25,266.37 146,482.88 700,541.69 (107,637.96)
TOTAL CURRENT LIABILITIES 418,334.13 243,328.04 780,154.52 580,535.40
DERIVATIVE CONTRACTS 0.00 0.00 0.00 0.00
DEFERRED INCOME TAXES 0.00 0.00 0.00 0.00
DFIT & DSIT RECLASS (A/C 190) (2,199.00) 0.00 0.00 (20,944.00)
NET DEFERRED INCOME TAXES (2,199.00) 0.00 0.00 (20,944.00)
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00 0.00
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 0.00 0.00 0.00
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 0.00 14.00 14.00 0.00
TOTAL DEF CREDITS & REG LIAB'S 0.00 14.00 14.00 0.00
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 855.00 0.00 0.00 0.00
TOTAL OTH NONCURRENT LIAB'S 855.00 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 0.00 1,000.00 10,000.00 0.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 0.00 0.00 0.00
RETAINED EARNINGS (126,675.37) 0.00 19,968.87 (255,271.76)
COMMON SHAREHOLDERS' EQUITY (126,675.37) 1,000.00 29,968.87 (255,271.76)
TOTAL CAPITAL & LIABILITIES 290,314.76 244,342.04 810,137.39 304,319.64
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
APCO CSPCO I&M
DESCRIPTION AEPCOAL CONSOLIDATED CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 4,225,461.53 4,285,011.30 1,479,362.08 3,237,261.34
ADVANCES TO AFFILIATES 0.00 16,974,280.17 33,612,833.14 191,225,417.37
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 132,265,094.69 49,566,458.27 67,332,547.24
ACCOUNTS RECEIVABLE - MISC 18,568,084.37 28,628,994.74 22,004,687.37 30,468,364.56
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 (13,438,072.98) (633,464.07) (578,175.02)
ACCOUNTS RECEIVABLE- ASSOC COS 2,559,278.87 122,665,658.15 54,517,662.33 122,488,472.09
FUEL 4,380,754.01 53,646,529.61 24,844,085.82 32,731,422.62
MATERIALS & SUPPLIES 0.00 59,885,754.80 40,338,900.99 95,552,021.18
ACCRUED UTILITY REVENUES 0.00 30,947,534.88 12,670,929.95 6,511,155.66
PREPAYMENTS 482,424.11 4,895,447.01 1,894,948.42 5,343,054.81
ENERGY TRADING CONT CURR ASSET 0.00 94,238,338.43 63,347,736.14 68,147,961.14
OTHER CURRENT ASSETS 1,668,077.22 8,500,879.32 5,413,146.04 6,556,196.49
TOTAL CURRENT ASSETS 31,884,080.11 543,495,450.11 309,057,286.48 629,015,699.48
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 2,245,945,333.13 1,582,627,466.74 2,768,463,463.28
TRANSMISSION 0.00 1,218,107,426.89 413,286,067.45 971,599,128.42
DISTRIBUTION 0.00 1,951,804,006.37 1,208,254,722.81 921,835,003.44
NONUTILITY PROPERTY 0.00 33,690,956.60 28,222,330.00 179,093,422.17
GENERAL 63,002,778.49 272,900,835.90 165,024,566.33 220,136,485.39
CONSTRUCTION WORK IN PROGRESS 0.00 206,545,285.87 98,433,081.70 147,924,064.19
TOTAL ELECTRIC UTILITY PLANT 63,002,778.49 5,928,993,844.76 3,495,848,235.04 5,209,051,566.89
LESS ACCUM PRV-DEPR,DEPL,AMORT (16,125,874.99) (2,437,747,715.55) (1,469,716,916.56) (2,678,445,541.06)
NET ELECTRIC UTILITY PLANT 46,876,903.50 3,491,246,129.20 2,026,131,318.47 2,530,606,025.83
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 0.00 603,868.00 430,000.00 0.00
REGULATORY ASSETS
REGULATORY ASSETS 0.00 487,101,599.54 269,788,175.49 429,695,289.70
FAS109 DFIT RECLASS (A/C 254) 0.00 (33,206,169.00) (12,106,362.00) (81,483,326.00)
NET REGULATORY ASSETS 0.00 453,895,430.54 257,681,813.49 348,211,963.70
GOODWILL
TOTAL GOODWILL 0.00 0.00 0.00 0.00
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 0.00 115,747,766.58 77,810,111.00 83,265,126.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 33,499,569.23 11,649,643.61 51,689,355.81
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 870,753,993.41
CLEARING ACCOUNTS (0.00) 1,791,065.25 823,264.18 1,799,983.71
UNAMORTIZED DEBT EXPENSE 0.00 6,388,420.10 1,819,183.16 14,403,446.54
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES
OTHER DEF DEBITS (less PSDR) 0.00 56,496,969.74 70,193,940.68 57,444,641.14
TOTAL OTHER DEFERRED DEBITS 0.00 56,496,969.74 70,193,940.68 57,444,641.14
TOTAL OTHER ASSETS (0.00) 98,176,024.32 84,486,031.64 996,091,420.61
TOTAL ASSETS 78,760,983.61 4,703,164,668.75 2,755,596,561.07 4,587,190,235.62
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
APCO CSPCO I&M
DESCRIPTION AEPCOAL CONSOLIDATED CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 155,007,317.76 43,000,000.00 30,000,000.00
SHORT-TERM DEBT 0.00 0.00 290,000,000.00 0.00
A/P - GENERAL 5,978,189.41 141,545,041.08 89,735,884.74 125,047,733.64
A/P- ASSOC. COS. 5,002,242.67 98,374,597.74 81,598,687.52 93,607,639.82
ADVANCES FROM AFFILIATES 77,241,937.95 56,179,653.07 2,355,979.20 0.00
CUSTOMER DEPOSITS 0.00 26,185,652.99 14,718,614.04 16,660,429.83
TAXES ACCRUED 3,716,403.23 29,181,482.40 112,171,603.68 71,558,998.79
INTEREST ACCRUED 0.00 22,436,607.85 9,798,665.44 21,481,362.83
DIVIDENDS DECLARED 0.00 360,628.88 0.00 1,133,252.91
OBLIG UNDER CAP LEASES- CURR 0.00 9,598,465.37 5,966,943.95 8,228,537.08
ENERGY TRADING CONT CURR LIAB 0.00 69,001,229.25 46,375,524.08 48,567,703.10
OTHR CURR & ACCRUED LIAB 12,781,958.91 69,872,764.06 16,104,492.60 75,028,342.90
TOTAL CURRENT LIABILITIES 104,720,732.17 677,743,440.45 711,826,395.25 491,314,000.88
DERIVATIVE CONTRACTS 0.00 44,516,822.40 29,925,923.98 32,260,869.00
DEFERRED INCOME TAXES 1,620,460.00 915,773,069.20 510,760,555.00 704,869,210.00
DFIT & DSIT RECLASS (A/C 190) (21,059,420.07) (213,971,746.64) (72,989,545.00) (348,672,281.00)
NET DEFERRED INCOME TAXES (19,438,960.07) 701,801,322.56 437,771,010.00 356,196,929.00
DEF INVESTMENT TAX CREDITS 0.00 33,691,342.00 33,906,429.00 97,708,567.00
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 1,738,853,866.43 578,625,964.67 1,587,062,263.87
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 133,942,555.22 0.00 65,947,882.16
UNAMORT GAIN REACQUIRED DEBT 0.00 72,418.84 0.00 35,379.48
TOTAL REGULATORY LIABILITIES 0.00 134,014,974.06 0.00 65,983,261.64
TOTAL OTHER DEFERRED CREDITS 1,665,769.90 4,398,199.02 20,416,371.38 31,443,034.40
TOTAL DEF CREDITS & REG LIAB'S 1,665,769.90 138,413,173.08 20,416,371.38 97,426,296.04
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 0.00 0.00 73,885,241.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 23,990,913.42 21,643,104.12 42,619,719.10
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 29,825,993.63 149,446,714.65 73,817,184.05 717,016,707.60
TOTAL OTH NONCURRENT LIAB'S 29,825,993.63 173,437,628.06 95,460,288.17 759,636,426.70
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 10,860,000.00 0.00 64,945,000.00
PS NOT SUBJ MANDATORY REDEMP 0.00 17,789,900.00 0.00 8,101,100.00
COMMON STOCK
COMMON STOCK 0.00 260,457,768.00 41,026,065.00 56,583,866.43
PREMIUM ON CAPITAL STOCK 0.00 762,800.65 257,892,417.79 4,318,031.53
PAID-IN CAPITAL 0.00 644,397,149.11 258,135,116.43 813,755,477.63
RETAINED EARNINGS (38,012,552.02) 260,439,456.01 290,610,579.41 143,996,166.53
COMMON SHAREHOLDERS' EQUITY (38,012,552.02) 1,166,057,173.77 847,664,178.63 1,018,653,542.12
TOTAL CAPITAL & LIABILITIES 78,760,983.61 4,703,164,668.75 2,755,596,561.07 4,587,190,235.61
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION KEPCO KGPCO OPCO WPCO
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 2,303,654.24 (64,508.98) 5,284,753.16 104,241.85
ADVANCES TO AFFILIATES 0.00 4,787,751.10 0.00 2,394,202.08
ACCOUNTS RECEIVABLE-CUSTOMERS 22,044,491.20 1,665,189.99 95,099,445.02 6,307,587.61
ACCOUNTS RECEIVABLE - MISC 2,888,510.19 212,996.94 19,281,393.41 136,620.64
A/P FOR UNCOLLECTIBLE ACCOUNTS (191,678.56) (2,361.80) (908,688.66) (111,784.77)
ACCOUNTS RECEIVABLE- ASSOC COS 23,801,765.19 1,570,683.17 124,243,941.17 1,282,233.59
FUEL 10,816,784.76 0.00 87,409,338.64 0.00
MATERIALS & SUPPLIES 16,127,296.07 167,917.53 85,379,390.53 134,114.46
ACCRUED UTILITY REVENUES 5,301,357.96 115,838.67 (3,080,520.08) 1,650,571.00
PREPAYMENTS 681,524.91 1,055,402.44 4,192,531.92 176,339.81
ENERGY TRADING CONT CURR ASSET 24,319,500.55 0.00 92,107,590.89 0.00
OTHER CURRENT ASSETS 1,445,555.26 180,740.00 7,890,093.30 243,633.00
TOTAL CURRENT ASSETS 109,538,761.77 9,689,649.06 516,899,269.30 12,317,759.27
ELECTRIC UTILITY PLANT
PRODUCTION 275,120,742.88 0.00 3,116,825,556.07 0.00
TRANSMISSION 373,639,468.65 15,182,361.65 905,829,487.07 23,266,745.86
DISTRIBUTION 425,817,159.97 79,472,972.00 1,114,599,826.94 74,798,910.58
NONUTILITY PROPERTY 5,713,393.45 247,442.06 43,693,600.30 3,453,874.84
GENERAL 55,913,154.93 5,980,254.17 260,152,703.69 7,309,003.16
CONSTRUCTION WORK IN PROGRESS 165,129,434.10 972,669.18 288,418,714.21 2,224,681.08
TOTAL ELECTRIC UTILITY PLANT 1,301,333,353.98 101,855,699.06 5,729,519,888.28 111,053,215.52
LESS ACCUM PRV-DEPR,DEPL,AMORT (397,540,898.92) (38,225,987.60) (2,581,484,630.52) (47,878,032.71)
NET ELECTRIC UTILITY PLANT 903,792,455.07 63,629,711.45 3,148,035,257.76 63,175,182.82
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 0.00 0.00 673,054.00 0.00
REGULATORY ASSETS
REGULATORY ASSETS 111,310,571.81 5,804,484.42 588,668,837.65 15,181,669.62
FAS109 DFIT RECLASS (A/C 254) (9,334,139.00) (459,436.00) (20,028,000.00) (281,619.00)
NET REGULATORY ASSETS 101,976,432.81 5,345,048.42 568,640,837.65 14,900,050.62
GOODWILL
TOTAL GOODWILL 0.00 0.00 0.00 0.00
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 29,870,524.00 0.00 103,229,952.88 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 1,427,147.45 305,095.34 31,975,761.68 53,151.78
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
CLEARING ACCOUNTS 223,095.39 41,158.62 1,628,073.79 51,492.98
UNAMORTIZED DEBT EXPENSE 4,401,473.88 36,111.06 3,296,784.67 36,111.07
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES
OTHER DEF DEBITS (less PSDR) 12,193,181.28 291,031.71 79,571,978.85 2,054,656.04
TOTAL OTHER DEFERRED DEBITS 12,193,181.28 291,031.71 79,571,978.85 2,054,656.04
TOTAL OTHER ASSETS 18,244,898.00 673,396.72 116,472,598.99 2,195,411.88
TOTAL ASSETS 1,163,423,071.64 79,337,805.65 4,453,950,970.57 92,588,404.59
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION KEPCO KGPCO OPCO WPCO
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 15,000,000.00 0.00 149,665,000.00 0.00
SHORT-TERM DEBT 0.00 0.00 275,000,000.00 0.00
A/P - GENERAL 46,515,255.45 113,640.47 170,562,757.61 101,314.09
A/P- ASSOC. COS. 44,034,914.97 16,522,391.52 145,718,337.55 11,737,409.96
ADVANCES FROM AFFILIATES 23,386,093.77 0.00 129,978,799.77 0.00
CUSTOMER DEPOSITS 8,048,733.35 1,465,321.42 12,968,571.67 716,860.56
TAXES ACCRUED (1,253,417.96) 339,189.55 111,777,543.69 1,755,792.88
INTEREST ACCRUED 6,470,869.62 861,571.34 18,809,556.32 578,690.82
DIVIDENDS DECLARED 0.00 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 2,155,131.86 307,284.44 14,360,485.09 602,309.39
ENERGY TRADING CONT CURR LIAB 17,803,098.75 0.00 61,839,429.53 0.00
OTHR CURR & ACCRUED LIAB 12,166,515.97 1,263,658.82 77,526,583.10 1,637,984.72
TOTAL CURRENT LIABILITIES 174,327,195.77 20,873,057.56 1,168,207,064.34 17,130,362.42
DERIVATIVE CONTRACTS 11,488,263.00 0.00 39,702,063.01 0.00
DEFERRED INCOME TAXES 215,261,223.82 13,725,480.00 949,720,829.88 20,678,844.73
DFIT & DSIT RECLASS (A/C 190) (36,947,902.00) (3,608,418.00) (155,334,117.32) (7,153,282.00)
NET DEFERRED INCOME TAXES 178,313,321.82 10,117,062.00 794,386,712.56 13,525,562.73
DEF INVESTMENT TAX CREDITS 9,164,664.00 642,178.00 18,748,119.00 374,816.00
LONG-TERM DEBT LESS AMT DUE 1 YR 451,631,679.97 20,000,000.00 917,649,305.09 20,000,000.00
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 12,152,364.00 0.00 1,236,941.00 5,399,379.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 12,152,364.00 0.00 1,236,941.00 5,399,379.00
TOTAL OTHER DEFERRED CREDITS 1,008,705.88 298,663.24 27,719,691.41 863,747.44
TOTAL DEF CREDITS & REG LIAB'S 13,161,069.88 298,663.24 28,956,632.41 6,263,126.44
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 5,093,262.43 632,607.29 51,265,508.44 1,995,393.17
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 22,225,597.57 2,561,441.78 176,423,837.01 6,439,932.77
TOTAL OTH NONCURRENT LIAB'S 27,318,860.00 3,194,049.07 227,689,345.45 8,435,325.94
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 8,850,000.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 16,647,700.00 0.00
COMMON STOCK
COMMON STOCK 50,450,000.00 4,100,000.00 321,201,454.00 2,428,460.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 729,130.45 0.00
PAID-IN CAPITAL 199,299,420.81 11,733,210.00 388,867,290.33 12,528,066.00
RETAINED EARNINGS 48,268,596.38 8,379,585.78 522,316,153.93 11,902,685.06
COMMON SHAREHOLDERS' EQUITY 298,018,017.19 24,212,795.78 1,233,114,028.71 26,859,211.06
TOTAL CAPITAL & LIABILITIES 1,163,423,071.63 79,337,805.65 4,453,950,970.57 92,588,404.59
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEPINV AEPR AEP COMM CSW
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 7,000.86 39,353,968.98 (368,044.82) 129,497,800.86
ADVANCES TO AFFILIATES 0.00 335,353,112.72 3,119,334.49 199,978,262.49
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 8,756,992.72 0.00 (205,748,923.40)
ACCOUNTS RECEIVABLE - MISC (21,607.64) 289,320,709.61 645,036.80 232,721,627.13
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 (58,433,712.56) (4,321,199.54) (46,192,147.83)
ACCOUNTS RECEIVABLE- ASSOC COS 126,059.94 154,302,266.01 11,751,090.62 884,836,901.50
FUEL 0.00 155,798,559.40 0.00 126,954,160.98
MATERIALS & SUPPLIES 0.00 4,962,505.52 2,335,017.05 135,497,627.01
ACCRUED UTILITY REVENUES 0.00 302,721,995.07 0.00 63,445,431.33
PREPAYMENTS 8,359.00 99,667,921.46 1,370,656.00 25,838,941.71
ENERGY TRADING CONT CURR ASSET 0.00 257,690,405.21 0.00 34,851,687.00
OTHER CURRENT ASSETS 0.00 22,838,789.50 347,085.04 3,564,437.60
TOTAL CURRENT ASSETS 119,812.16 1,612,333,513.64 14,878,975.63 1,585,245,806.37
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 634,672,862.48 0.00 5,963,805,691.25
TRANSMISSION 0.00 0.00 0.00 1,961,295,951.26
DISTRIBUTION 0.00 0.00 0.00 3,796,727,436.95
NONUTILITY PROPERTY 0.00 0.00 0.00 15,249,540.74
GENERAL 387,637.04 852,556,152.23 20,356,031.99 1,215,430,626.86
CONSTRUCTION WORK IN PROGRESS 0.00 13,337,052.15 6,235.16 403,632,543.74
TOTAL ELECTRIC UTILITY PLANT 387,637.04 1,500,566,066.86 20,362,267.15 13,356,141,790.80
LESS ACCUM PRV-DEPR,DEPL,AMORT (28,831.76) (91,915,983.57) (4,434,950.70) (5,894,109,660.02)
NET ELECTRIC UTILITY PLANT 358,805.28 1,408,650,083.29 15,927,316.45 7,462,032,130.78
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 2,035,005.64 106,307,909.03 56,681,859.99 31,980,328.70
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 0.00 1,089,372,961.90
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00 (141,005,126.00)
NET REGULATORY ASSETS 0.00 0.00 0.00 948,367,835.90
GOODWILL
TOTAL GOODWILL 0.00 344,096,937.31 0.00 69,542,665.03
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 11,997,642.40 0.00 24,700,074.80
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 0.00 146,884,996.46 0.00 16,239,218.01
OTHER ASSETS
TOTAL OTHER INVESTMENTS 3,218,335.68 (1,037,982.93) (56,312,000.00) 820,598,546.33
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 98,474,210.52
CLEARING ACCOUNTS 73.85 2,434,104.81 38,671.95 (3,193,920.93)
UNAMORTIZED DEBT EXPENSE 0.00 23,509,641.15 964,080.79 68,365,557.28
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES (782,840.14)
OTHER DEF DEBITS (less PSDR) 374.00 14,346,463.93 919,502.55 30,579,762.43
TOTAL OTHER DEFERRED DEBITS 374.00 14,346,463.93 919,502.55 29,796,922.29
TOTAL OTHER ASSETS 3,218,783.52 39,252,226.95 (54,389,744.71) 1,014,041,315.49
TOTAL ASSETS 5,732,406.60 3,669,523,309.08 33,098,407.37 11,152,149,375.08
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEPINV AEPR AEP COMM CSW
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 660,665,290.43 0.00 444,725,778.02
SHORT-TERM DEBT 0.00 438,429,124.02 0.00 797,000,000.00
A/P - GENERAL 25,000.00 385,026,947.67 5,264,145.22 297,412,693.31
A/P- ASSOC. COS. 608,847.80 220,152,832.70 10,133,520.92 586,922,377.79
ADVANCES FROM AFFILIATES 7,979,972.38 562,441,565.34 64,807,355.22 719,036,855.65
CUSTOMER DEPOSITS 0.00 64,910.00 1,300.00 43,315,846.27
TAXES ACCRUED 402,316.77 85,281,334.23 4,087,684.60 104,413,700.11
INTEREST ACCRUED 0.00 10,847,147.32 0.00 76,615,992.17
DIVIDENDS DECLARED 0.00 0.00 0.00 176,647.82
OBLIG UNDER CAP LEASES- CURR 0.00 160,557.23 42,709.39 117,000.00
ENERGY TRADING CONT CURR LIAB 0.00 224,311,430.41 0.00 30,595,880.14
OTHR CURR & ACCRUED LIAB 66,000.00 150,441,176.91 2,462,241.11 150,493,304.87
TOTAL CURRENT LIABILITIES 9,082,136.95 2,737,822,316.26 86,798,956.46 3,250,826,076.15
DERIVATIVE CONTRACTS 0.00 97,917,682.28 0.00 5,657,234.00
DEFERRED INCOME TAXES (622,753.00) 71,631,890.71 3,104,021.00 2,368,095,169.20
DFIT & DSIT RECLASS (A/C 190) (4,497,630.78) (313,111,871.98) (53,073,316.00) (448,194,893.83)
NET DEFERRED INCOME TAXES (5,120,383.78) (241,479,981.27) (49,969,295.00) 1,919,900,275.37
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00 215,587,261.00
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 124,403,446.54 124,920,800.07 2,665,293,870.66
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 90,857,096.85
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 174,184,729.48
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 264,721.57
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 265,306,547.90
TOTAL OTHER DEFERRED CREDITS 0.00 813,278,270.77 9,250,788.99 82,686,003.00
TOTAL DEF CREDITS & REG LIAB'S 0.00 813,278,270.77 9,250,788.99 347,992,550.90
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 210,012.38 26,974,274.82 197,677.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 2,200,000.00
ACCUMULATED PROVISIONS - MISC 0.00 33,052,841.60 201,113.86 219,139,378.72
TOTAL OTH NONCURRENT LIAB'S 0.00 33,262,853.98 27,175,388.68 221,537,055.72
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 321,250,000.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 18,276,300.00
COMMON STOCK
COMMON STOCK 100.00 100.00 100.00 1.00
PREMIUM ON CAPITAL STOCK 9,900.00 9,900.00 9,900.00 (0.00)
PAID-IN CAPITAL 31,214,628.95 885,998,812.15 24,546,670.00 751,301,312.58
RETAINED EARNINGS (29,453,975.51) (781,690,091.62) (189,634,901.83) 1,434,527,437.70
COMMON SHAREHOLDERS' EQUITY 1,770,653.44 104,318,720.53 (165,078,231.83) 2,185,828,751.28
TOTAL CAPITAL & LIABILITIES 5,732,406.60 3,669,523,309.08 33,098,407.37 11,152,149,375.08
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEP C&I DESERT SKY DESERT SKY II MUTUAL
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 290,246.67 0.00 13,360,171.92 (158,990.42)
ADVANCES TO AFFILIATES 4,581,747.52 60,097,576.36 708,736.18 21,657,188.01
ACCOUNTS RECEIVABLE-CUSTOMERS 19,742,343.73 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 887.74 0.00 1,245,470.56 4,478,057.39
A/P FOR UNCOLLECTIBLE ACCOUNTS (1,283,255.50) 0.00 0.00 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 13,122,637.58 100,320.00 0.00 375,047.75
FUEL 0.00 0.00 0.00 2,778,132.49
MATERIALS & SUPPLIES 2,529,336.74 0.00 0.00 0.00
ACCRUED UTILITY REVENUES 14,152,234.75 0.00 0.00 755,273.00
PREPAYMENTS 0.01 0.00 1,947,009.04 0.00
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00 695,661.00
OTHER CURRENT ASSETS 0.00 0.00 0.00 0.00
TOTAL CURRENT ASSETS 53,136,179.24 60,197,896.36 17,261,387.70 30,580,369.22
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 0.00 0.00 0.00
TRANSMISSION 0.00 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00 0.00
NONUTILITY PROPERTY 0.00 0.00 0.00 0.00
GENERAL 130,500.00 0.00 179,172,505.71 10,809,513.24
CONSTRUCTION WORK IN PROGRESS 31,687.91 13,517.08 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 162,187.91 13,517.08 179,172,505.71 10,809,513.24
LESS ACCUM PRV-DEPR,DEPL,AMORT (42,595.77) 0.00 (8,851,992.45) (2,322,716.48)
NET ELECTRIC UTILITY PLANT 119,592.14 13,517.08 170,320,513.26 8,486,796.76
INVESTMENTS IN PROJECTS
TOTAL INVEST IN PROJECTS 0.00 0.00 0.00 0.00
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 0.00 0.00
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00 0.00
NET REGULATORY ASSETS 0.00 0.00 0.00 0.00
GOODWILL
TOTAL GOODWILL 0.00 0.00 0.00 0.00
SECURITIZED TRANSITION ASSETS 0.00 0.00 0.00 0.00
ASSETS HELD FOR SALE 0.00 0.00 0.00 0.00
INTANGIBLE ASSETS
TOTAL INTANGIBLE ASSETS 0.00 0.00 0.00 0.00
LONG-TERM TRADING CONTRACTS
TOTAL LONG-TERM TRADING CONTRACTS 0.00 0.00 0.00 0.00
OTHER ASSETS
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
CLEARING ACCOUNTS 116.28 0.18 0.00 (78.03)
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00 0.00
PREFERRED STOCK DIVIDEND
REQ OF SUBSIDIARIES
OTHER DEF DEBITS (less PSDR) 3,819,982.09 7,268,346.49 (7,268,346.49) (0.00)
TOTAL OTHER DEFERRED DEBITS 3,819,982.09 7,268,346.49 (7,268,346.49) (0.00)
TOTAL OTHER ASSETS 3,820,098.37 7,268,346.67 (7,268,346.49) (78.03)
TOTAL ASSETS 57,075,869.75 67,479,760.11 180,313,554.47 39,067,087.95
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEP C&I DESERT SKY DESERT SKY II MUTUAL
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 0.00 6,759,335.00 0.00
SHORT-TERM DEBT 0.00 0.00 0.00 0.00
A/P - GENERAL 4,102,879.75 0.00 258,281.08 5,133,347.33
A/P- ASSOC. COS. 15,862,253.52 253,692.01 1,143,314.35 2,768,976.58
ADVANCES FROM AFFILIATES 32,039,097.31 18,951,789.89 60,097,576.36 2,122,852.12
CUSTOMER DEPOSITS 707,941.88 0.00 0.00 0.00
TAXES ACCRUED 1,320,188.00 (361,398.00) 0.00 2,645,982.00
INTEREST ACCRUED 208,638.56 0.00 814,243.65 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 3,816,718.00 0.00
OTHR CURR & ACCRUED LIAB (21,743.15) 0.00 3,950,000.00 377,227.96
TOTAL CURRENT LIABILITIES 54,219,255.87 18,844,083.90 76,839,468.44 13,048,385.99
DERIVATIVE CONTRACTS 0.00 0.00 3,088,785.00 0.00
DEFERRED INCOME TAXES 0.00 40,540,791.00 0.00 2,928,962.00
DFIT & DSIT RECLASS (A/C 190) (5,320,399.00) 0.00 (2,416,926.00) (7,127.00)
NET DEFERRED INCOME TAXES (5,320,399.00) 40,540,791.00 (2,416,926.00) 2,921,835.00
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00 0.00
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 0.00 113,949,183.86 0.00
EQUITY UNIT SENIOR NOTES 0.00 0.00 0.00 0.00
DEF CREDITS & REGULATORY LIAB
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 2,793,898.33 0.00 0.00 29,677,419.00
TOTAL DEF CREDITS & REG LIAB'S 2,793,898.33 0.00 0.00 29,677,419.00
MINORITY INTEREST IN
FINANCE SUBSIDIARY 0.00 0.00 0.00 0.00
DEFERRED GAIN ON
SALE/LEASBACK RKPT 0.00 0.00 0.00 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 0.00 0.00 0.00
TOTAL OTH NONCURRENT LIAB'S 0.00 0.00 0.00 0.00
LIABILITIES HELD FOR SALE 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 0.00
COMMON STOCK
COMMON STOCK 0.00 0.00 0.00 0.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 0.00
PAID-IN CAPITAL 0.00 (44,885.77) (4,443,691.23) 304,532.00
RETAINED EARNINGS 5,383,114.56 8,139,770.98 (6,703,265.60) (6,885,084.04)
COMMON SHAREHOLDERS' EQUITY 5,383,114.56 8,094,885.21 (11,146,956.83) (6,580,552.04)
TOTAL CAPITAL & LIABILITIES 57,075,869.75 67,479,760.11 180,313,554.47 39,067,087.95
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW CSW
DESCRIPTION CONSOLIDATED ELIM & ADJ CSW SEEBOARD
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 5,963,805,691.25 0.00 0.00 0.00
TRANSMISSION 1,961,295,951.26 0.00 0.00 0.00
DISTRIBUTION 3,796,727,436.95 0.00 0.00 0.00
GENERAL 956,398,740.86 0.00 992,105.06 0.00
CONSTRUCTION WORK IN PROGRESS 403,632,543.75 0.00 0.00 0.00
NUCLEAR FUEL 266,765,742.01 0.00 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 13,348,626,106.07 0.00 992,105.06 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT (5,901,843,516.43) 0.00 0.00 0.00
NET ELECTRIC UTILITY PLANT 7,446,782,589.64 0.00 992,105.06 0.00
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 15,249,540.79 0.00 0.00 0.00
INVEST IN SUBSIDIARY & ASSOC 31,980,328.70 (2,179,779,136.18) 2,179,779,136.18 0.00
TOTAL OTHER INVESTMENTS 890,141,211.36 0.00 26,529,120.12 0.00
TOTAL OTHER SPECIAL FUNDS 98,474,210.52 0.00 0.00 0.00
L/T ENERGY TRADING CONTRACTS 16,239,218.01 0.00 0.00 0.00
TOTAL OTHER PROP AND INVSTMNTS 1,052,084,509.38 (2,179,779,136.18) 2,206,308,256.30 0.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 129,497,800.86 0.00 4,856.30 2,457.00
ADVANCES TO AFFILIATES 199,978,262.49 (74,665,235.52) 21,595,909.73 74,543,741.95
ACCOUNTS RECEIVABLE-CUSTOMERS (205,748,923.40) 82,414,798.24 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 232,721,627.13 0.00 952,471.46 405,199.00
A/P FOR UNCOLLECTIBLE ACCOUNTS (46,192,147.83) 0.00 (1,930.98) 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 884,836,901.50 (41,826,402.63) (6,151,331.49) 85,559,997.30
FUEL 126,954,160.98 0.00 0.00 0.00
MATERIALS & SUPPLIES 135,497,627.01 0.00 0.00 0.00
ACCRUED UTILITY REVENUES 63,445,431.33 0.00 0.00 0.00
PREPAYMENTS 25,838,941.71 (195,475.39) 836,492.98 0.00
ENERGY TRADING CONT CURR ASSET 34,851,687.00 0.00 0.00 0.00
OTHER CURRENT ASSETS 3,564,437.60 0.00 0.00 0.00
TOTAL CURRENT ASSETS 1,585,245,806.37 (34,272,315.30) 17,236,468.00 160,511,395.25
REGULATORY ASSETS
REGULATORY ASSETS 1,089,372,961.90 0.00 0.00 0.00
FAS109 DFIT RECLASS (A/C 254) (141,005,126.00) 0.00 0.00 0.00
NET REGULATORY ASSETS 948,367,835.90 0.00 0.00 0.00
DEFERRED CHARGES
CLEARING ACCOUNTS (3,193,920.94) (167,805.49) 0.08 0.00
UNAMORTIZED DEBT EXPENSE 68,365,557.28 0.00 0.00 0.00
OTHER DEFERRED DEBITS 54,496,997.09 (14,070,093.95) 1,377,346.96 (1,200,039.99)
TOTAL DEFERRED CHARGES 119,668,633.43 (14,237,899.44) 1,377,347.03 (1,200,039.99)
TOTAL ASSETS 11,152,149,374.73 (2,228,289,350.93) 2,225,914,176.39 159,311,355.26
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW CSW
DESCRIPTION CONSOLIDATED ELIM & ADJ CSW SEEBOARD
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 1.00 (485,405,564.53) 1.00 1,000.00
PREMIUM ON CAPITAL STOCK (0.00) (149,484.64) 0.00 0.00
PAID-IN CAPITAL 751,301,312.58 (684,556,715.76) 751,301,312.58 4,821,759.14
RETAINED EARNINGS 1,434,527,437.69 (1,027,036,253.36) 1,434,527,435.74 60,655,233.49
COMMON SHAREHOLDERS' EQUITY 2,185,828,751.27 (2,197,148,018.29) 2,185,828,749.32 65,477,992.63
CUMULATIVE PREFERRED STOCK
PS NOT SUBJ MANDATORY REDEMP 18,276,300.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 321,250,000.00 0.00 0.00 0.00
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 2,665,293,870.66 0.00 0.00 0.00
TOTAL CAPITALIZATION 5,190,648,921.93 (2,197,148,018.29) 2,185,828,749.32 65,477,992.63
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 197,677.00 0.00 0.00 0.00
ACCUM PROVISIONS-RATE REFUND 2,200,000.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 219,139,378.72 0.00 0.00 0.00
TOTAL OTH NONCURRENT LIAB'S 221,537,055.72 0.00 0.00 0.00
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 444,725,778.02 0.00 0.00 0.00
SHORT-TERM DEBT 797,000,000.00 0.00 0.00 0.00
A/P - GENERAL 297,412,693.31 0.00 134,145.00 20,241,222.63
A/P- ASSOC. COS. 586,922,377.79 43,757,255.09 19,311,332.20 43,738,000.00
ADVANCES FROM AFFILIATES 719,036,855.65 (74,581,733.11) 0.00 0.00
CUSTOMER DEPOSITS 43,315,846.27 0.00 0.00 0.00
TAXES ACCRUED 104,413,700.11 0.00 (3,320,939.10) 29,854,140.00
INTEREST ACCRUED 76,615,992.17 0.00 3,131,968.97 0.00
DIVIDENDS DECLARED 176,647.82 (271,416.33) 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 117,000.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 30,595,880.14 0.00 0.00 0.00
OTHR CURR & ACCRUED LIAB 150,493,304.87 0.00 6,722,950.36 0.00
TOTAL CURRENT LIABILITIES 3,250,826,076.16 (31,095,894.36) 25,979,457.43 93,833,362.63
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 2,368,095,169.20 0.00 (4,895,269.09) 0.00
DFIT & DSIT RECLASS (A/C 190) (448,194,893.83) 0.00 0.00 0.00
NET DEFERRED INCOME TAXES 1,919,900,275.37 0.00 (4,895,269.09) 0.00
DEF INVESTMENT TAX CREDITS 215,587,261.00 0.00 0.00 0.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 90,857,096.85 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 174,184,729.48 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 264,721.57 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 265,306,547.90 0.00 0.00 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 5,657,234.00 0.00 0.00 0.00
CUSTOMER ADVANCES FOR CONSTR 2,353,586.42 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 80,332,416.58 (45,438.28) 19,001,238.73 0.00
TOTAL OTHER DEFERRED CREDITS 88,343,237.00 (45,438.28) 19,001,238.73 0.00
TOTAL DEF CREDITS & REG LIAB'S 2,489,137,321.27 (45,438.28) 14,105,969.64 0.00
TOTAL CAPITAL & LIABILITIES 11,152,149,375.08 (2,228,289,350.93) 2,225,914,176.39 159,311,355.26
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
AEP TX CENTRAL
DESCRIPTION AEP CREDIT ENERSHOP CSWL CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 0.00 0.00 2,903,942,101.83
TRANSMISSION 0.00 0.00 0.00 698,963,919.62
DISTRIBUTION 0.00 0.00 0.00 1,296,731,134.99
GENERAL 0.00 404,406.84 0.00 258,385,917.08
CONSTRUCTION WORK IN PROGRESS 0.00 0.00 0.00 200,947,370.68
NUCLEAR FUEL 0.00 0.00 0.00 266,765,742.01
TOTAL ELECTRIC UTILITY PLANT 0.00 404,406.84 0.00 5,625,736,186.21
LESS ACCUM PRV-DEPR,DEPL,AMORT 0.00 (373,301.73) 0.00 (2,405,491,553.97)
NET ELECTRIC UTILITY PLANT 0.00 31,105.11 0.00 3,220,244,632.24
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 0.00 0.00 0.00 3,623,213.06
INVEST IN SUBSIDIARY & ASSOC 0.00 0.00 0.00 0.00
TOTAL OTHER INVESTMENTS 0.00 0.00 0.00 734,945,429.29
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 98,474,210.52
L/T ENERGY TRADING CONTRACTS 0.00 0.00 0.00 4,392,058
TOTAL OTHER PROP AND INVSTMNTS 0.00 0.00 0.00 841,434,910.87
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 0.00 (31,630.23) 43,966.73 85,420,265.96
ADVANCES TO AFFILIATES 0.00 0.00 0.00 0.00
ACCOUNTS RECEIVABLE-CUSTOMERS (453,802,233.52) (612.42) 0.00 56,892,834.71
ACCOUNTS RECEIVABLE - MISC 0.00 723,934.80 0.00 56,649,692.10
A/P FOR UNCOLLECTIBLE ACCOUNTS (16,966,716.00) 0.00 0.00 (345,928.71)
ACCOUNTS RECEIVABLE- ASSOC COS 581,732,911.23 21,458.75 376.53 121,324,317.04
FUEL 0.00 0.00 0.00 32,563,383.61
MATERIALS & SUPPLIES 0.00 0.01 0.00 51,592,600.17
ACCRUED UTILITY REVENUES 0.00 0.00 0.00 27,149,850.00
PREPAYMENTS 0.00 10,593.27 0.00 2,012,037.45
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00 22,491,907.00
OTHER CURRENT ASSETS 0.00 271,068.50 0.00 121,242.50
TOTAL CURRENT ASSETS 110,963,961.71 994,812.68 44,343.26 455,872,201.83
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 0.00 828,083,551.11
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00 (33,088,704.00)
NET REGULATORY ASSETS 0.00 0.00 0.00 794,994,847.11
DEFERRED CHARGES
CLEARING ACCOUNTS 0.00 5,631.48 (0.00) (550,313.73)
UNAMORTIZED DEBT EXPENSE 0.00 131,572.52 0.00 40,505,725.65
OTHER DEFERRED DEBITS 0.00 8.90 (0.00) 3,935,601.24
TOTAL DEFERRED CHARGES 0.00 137,212.91 (0.00) 43,891,013.15
TOTAL ASSETS 110,963,961.71 1,163,130.70 44,343.26 5,356,437,605.21
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
AEP TX CENTRAL
DESCRIPTION AEP CREDIT ENERSHOP CSWL CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 1,000.00 100.00 1,000.00 55,291,944.53
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 15,053.87
PAID-IN CAPITAL 28,225,760.06 900.00 60,348,086.62 59,431,668.47
RETAINED EARNINGS 0.00 (19,852,749.72) (44,711,370.12) 986,395,393.85
COMMON SHAREHOLDERS' EQUITY 28,226,760.06 (19,851,749.72) 15,637,716.50 1,101,134,060.72
CUMULATIVE PREFERRED STOCK
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 5,941,400.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 136,250,000.00
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 12,006,378.75 0.00 1,209,433,515.02
TOTAL CAPITALIZATION 28,226,760.06 (7,845,370.97) 15,637,716.50 2,452,758,975.74
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 2,146.00 0.00 74,572,441.60
TOTAL OTH NONCURRENT LIAB'S 0.00 2,146.00 0.00 74,572,441.60
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 3,000,000.00 0.00 229,130,778.02
SHORT-TERM DEBT 0.00 0.00 0.00 650,000,000.00
A/P - GENERAL 29,157,550.30 44,023.55 0.00 72,199,922.55
A/P- ASSOC. COS. 3,539,348.76 137,967.99 6,077.76 36,241,283.08
ADVANCES FROM AFFILIATES 42,422,421.01 6,003,494.01 0.00 126,710,903.55
CUSTOMER DEPOSITS 0.00 0.00 0.00 665,585.12
TAXES ACCRUED 3,303,850.93 (168,342.50) (15,599,451.00) 24,790,959.18
INTEREST ACCRUED 92,224.99 15,517.34 0.00 49,917,574.28
DIVIDENDS DECLARED 271,416.35 0.00 0.00 40,191.94
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 0.00 19,811,379.00
OTHR CURR & ACCRUED LIAB 0.00 (80,539.72) 0.00 36,658,152.34
TOTAL CURRENT LIABILITIES 78,786,812.34 8,952,120.67 (15,593,373.25) 1,246,166,729.06
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES (9,392,084.00) 864,080.00 0.00 1,391,461,668.00
DFIT & DSIT RECLASS (A/C 190) 0.00 (809,845.00) 0.00 (130,209,929.00)
NET DEFERRED INCOME TAXES (9,392,084.00) 54,235.00 0.00 1,261,251,739.00
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00 117,685,682.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 70,313,954.99
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 128,466,744.49
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 5,706.58
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 198,786,406.06
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 0.00 0.00 0.00 1,713,225.00
CUSTOMER ADVANCES FOR CONSTR 0.00 0.00 0.00 2,058,895.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 13,342,473.31 0.00 0.00 1,443,511.73
TOTAL OTHER DEFERRED CREDITS 13,342,473.31 0.00 0.00 5,215,631.73
TOTAL DEF CREDITS & REG LIAB'S 3,950,389.31 54,235.00 0.00 1,582,939,458.79
TOTAL CAPITAL & LIABILITIES 110,963,961.71 1,163,130.70 44,343.26 5,356,437,605.20
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW ENERGY SWEPCO INT
DESCRIPTION PSO CORPORATION AEP TX NORTH CORP CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 1,040,520,235.43 353,086,942.81 150,301,688.41 1,503,722,399.77
TRANSMISSION 432,845,528.74 254,483,448.35 0.00 575,003,054.55
DISTRIBUTION 990,946,754.66 445,486,298.94 0.00 1,063,563,248.36
GENERAL 206,747,608.85 111,678,494.82 0.00 378,130,016.79
CONSTRUCTION WORK IN PROGRESS 88,444,217.79 37,012,107.54 1,473,437.34 75,755,410.39
NUCLEAR FUEL 0.00 0.00 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 2,759,504,345.47 1,201,747,292.46 151,775,125.75 3,596,174,129.85
LESS ACCUM PRV-DEPR,DEPL,AMORT (1,239,855,433.81) (521,792,485.83) (35,263,379.68) (1,697,337,591.70)
NET ELECTRIC UTILITY PLANT 1,519,648,911.66 679,954,806.63 116,511,746.07 1,898,836,538.16
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 4,832,631.33 1,086,133.86 1,503,991.77 4,203,570.77
INVEST IN SUBSIDIARY & ASSOC 0.00 0.00 31,785,901.46 194,427.24
TOTAL OTHER INVESTMENTS 550,003.00 126,969.91 131,526,340.62 1,580,452.46
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
L/T ENERGY TRADING CONTRACTS 4,480,735 2,247,962 0 5,118,463
TOTAL OTHER PROP AND INVSTMNTS 9,863,369.34 3,461,065.77 164,816,233.85 11,096,913.47
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 16,774,441.20 1,219,084.15 15,932,552.99 2,068,766.28
ADVANCES TO AFFILIATES 0.00 27,088,209.63 65,816,322.30 14,112,270.69
ACCOUNTS RECEIVABLE-CUSTOMERS 27,119,833.12 30,734,760.83 0.00 26,989,859.12
ACCOUNTS RECEIVABLE - MISC 4,566,513.99 31,925,535.51 23,792,696.71 36,985,275.54
A/P FOR UNCOLLECTIBLE ACCOUNTS (84,494.70) (5,041,035.64) 0.00 (2,128,289.03)
ACCOUNTS RECEIVABLE- ASSOC COS 14,139,339.93 43,632,397.96 21,406,472.35 19,253,249.39
FUEL 19,973,080.13 12,676,818.07 0.00 61,740,879.17
MATERIALS & SUPPLIES 37,374,684.07 9,573,770.19 (0.01) 33,539,536.02
ACCRUED UTILITY REVENUES 13,128,000.00 6,828,828.00 0.00 15,103,000.00
PREPAYMENTS 2,644,003.83 1,033,014.00 1,619,744.05 17,746,642.78
ENERGY TRADING CONT CURR ASSET 3,841,420.00 4,130,220.00 0.00 4,388,140.00
OTHER CURRENT ASSETS 91,088.04 37,081.30 2,939,602.99 104,354.26
TOTAL CURRENT ASSETS 139,567,909.61 163,838,684.01 131,507,391.37 229,903,684.22
REGULATORY ASSETS
REGULATORY ASSETS 117,944,638.09 50,148,240.88 0.00 93,196,531.83
FAS109 DFIT RECLASS (A/C 254) (43,217,645.00) (21,983,673.00) 0.00 (42,715,104.00)
NET REGULATORY ASSETS 74,726,993.09 28,164,567.88 0.00 50,481,427.83
DEFERRED CHARGES
CLEARING ACCOUNTS (5,459,769.59) 269,442.30 55,147.59 2,618,897.35
UNAMORTIZED DEBT EXPENSE 14,961,398.78 972,718.36 3,146,540.00 6,841,440.88
OTHER DEFERRED DEBITS 8,616,639.02 10,669,693.59 878,124.66 38,111,211.75
TOTAL DEFERRED CHARGES 18,118,268.21 11,911,854.25 4,079,812.25 47,571,549.98
TOTAL ASSETS 1,761,925,451.91 887,330,978.54 416,915,183.54 2,237,890,113.66
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW ENERGY SWEPCO INT
DESCRIPTION PSO CORPORATION AEP TX NORTH CORP CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 157,230,000.00 137,214,000.00 1,000.00 135,659,520.00
PREMIUM ON CAPITAL STOCK 15,879.54 114,930.59 0.00 3,620.64
PAID-IN CAPITAL 125,526,815.00 (28,527,395.00) 101,857,124.84 191,317,094.00
RETAINED EARNINGS 116,476,481.36 71,942,097.47 (51,388,235.11) 334,788,640.33
COMMON SHAREHOLDERS' EQUITY 399,249,175.90 180,743,633.06 50,469,889.74 661,768,874.97
CUMULATIVE PREFERRED STOCK
PS NOT SUBJ MANDATORY REDEMP 5,266,900.00 2,367,200.00 0.00 4,700,800.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 75,000,000.00 0.00 0.00 110,000,000.00
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 445,436,617.78 132,499,863.10 39,968,320.06 637,853,425.13
TOTAL CAPITALIZATION 924,952,693.68 315,610,696.16 90,438,209.80 1,414,323,100.10
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 197,677.00 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 2,200,000.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 54,761,284.62 26,661,484.90 618,308.99 62,467,222.11
TOTAL OTH NONCURRENT LIAB'S 54,761,284.62 28,861,484.90 815,985.99 62,467,222.11
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 100,000,000.00 0.00 10,000,000.00 55,595,000.00
SHORT-TERM DEBT 0.00 125,000,000.00 0.00 0.00
A/P - GENERAL 61,168,991.59 32,714,270.10 6,847,044.31 62,138,900.49
A/P- ASSOC. COS. 91,203,735.33 76,216,875.28 18,758,789.01 73,875,862.54
ADVANCES FROM AFFILIATES 86,104,634.89 107,495,436.60 261,587,882.76 37,351,890.31
CUSTOMER DEPOSITS 21,789,146.45 116,348.51 0.00 20,109,732.07
TAXES ACCRUED 6,853,086.96 3,696,928.90 (3,454,118.24) 19,081,001.22
INTEREST ACCRUED 6,979,247.99 (1,875,995.10) 0.00 18,274,186.87
DIVIDENDS DECLARED 53,153.17 26,039.20 0.00 57,263.49
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 117,000.00 0.00
ENERGY TRADING CONT CURR LIAB 3,259,764.00 3,801,022.00 0.00 3,723,715.14
OTHR CURR & ACCRUED LIAB 24,903,318.71 17,387,610.32 2,991,393.42 50,534,384.67
TOTAL CURRENT LIABILITIES 402,315,079.08 364,578,535.82 296,847,991.26 340,741,936.80
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 412,044,722.00 153,490,658.00 1,097,015.49 423,177,326.00
DFIT & DSIT RECLASS (A/C 190) (70,648,706.00) (35,969,718.00) 6,500,754.00 (82,113,261.00)
NET DEFERRED INCOME TAXES 341,396,016.00 117,520,940.00 7,597,769.49 341,064,065.00
DEF INVESTMENT TAX CREDITS 32,201,440.00 21,510,123.00 0.00 44,190,016.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.47 4,540,304.04 0.00 16,002,837.35
OTHER REGULATORY LIABILTIES 4,360,464.00 34,464,486.66 0.00 6,893,034.33
UNAMORT GAIN REACQUIRED DEBT 30,089.16 28,295.44 0.00 200,630.39
TOTAL REGULATORY LIABILITIES 4,390,553.63 39,033,086.14 0.00 23,096,502.07
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 1,581,137.00 556,698.00 0.00 1,806,174.00
CUSTOMER ADVANCES FOR CONSTR 294,691.42 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 32,556.86 (340,585.49) 21,215,227.00 10,201,097.58
TOTAL OTHER DEFERRED CREDITS 1,908,385.28 216,112.51 21,215,227.00 12,007,271.58
TOTAL DEF CREDITS & REG LIAB'S 379,896,394.91 178,280,261.65 28,812,996.49 420,357,854.65
TOTAL CAPITAL & LIABILITIES 1,761,925,452.30 887,330,978.52 416,915,183.54 2,237,890,113.66
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW INTERNATIONAL CSW ENERGY SVCS REP HOLDCO
DESCRIPTION CONSOLIDATED C3 COMMUNICATIONS CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 0.00 12,232,323.00 0.00
TRANSMISSION 0.00 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00 0.00
GENERAL 0.00 0.00 60,191.42 0.00
CONSTRUCTION WORK IN PROGRESS 0.00 (0.00) 0.00 0.00
NUCLEAR FUEL 0.00 0.00 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 0.00 (0.00) 12,292,514.42 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT (1,720,811.19) 0.00 (8,958.52) 0.00
NET ELECTRIC UTILITY PLANT (1,720,811.19) (0.00) 12,283,555.90 0.00
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 0.00 0.00 0.00 0.00
INVEST IN SUBSIDIARY & ASSOC 0.00 0.00 0.00 0.00
TOTAL OTHER INVESTMENTS (7,779,604.04) 0.00 2,662,500.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
L/T ENERGY TRADING CONTRACTS 0 0 0 0
TOTAL OTHER PROP AND INVSTMNTS (7,779,604.04) 0.00 2,662,500.00 0.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 1,827,628.13 504,877.54 901,167.97 4,829,366.84
ADVANCES TO AFFILIATES 0.00 0.00 0.00 71,487,043.71
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 2,307.85 0.00 23,899,528.67
ACCOUNTS RECEIVABLE - MISC 9,295,309.04 762,957.17 24,709,821.22 41,952,220.59
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 (206,781.16) (148,886.45) (21,268,085.16)
ACCOUNTS RECEIVABLE- ASSOC COS 44,179,355.38 414,877.68 977,286.34 172,595.73
FUEL 0.00 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.00 0.00 3,417,036.57 0.00
ACCRUED UTILITY REVENUES 0.00 0.00 0.00 1,235,753.33
PREPAYMENTS 17,500.21 21,925.89 92,462.64 0.00
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00 0.00
OTHER CURRENT ASSETS 0.00 0.00 0.00 0.00
TOTAL CURRENT ASSETS 55,319,792.76 1,500,164.97 29,948,888.29 122,308,423.71
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 0.00 0.00
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00 0.00
NET REGULATORY ASSETS 0.00 0.00 0.00 0.00
DEFERRED CHARGES
CLEARING ACCOUNTS 13,563.00 7,621.64 11,271.61 2,392.83
UNAMORTIZED DEBT EXPENSE 0.00 1,343,402.38 462,758.71 0.00
OTHER DEFERRED DEBITS 7,497,096.14 681,562.12 442,971.16 (2,443,124.50)
TOTAL DEFERRED CHARGES 7,510,659.14 2,032,586.14 917,001.47 (2,440,731.67)
TOTAL ASSETS 53,330,036.67 3,532,751.11 45,811,945.66 119,867,692.04
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW INTERNATIONAL CSW ENERGY SVCS REP HOLDCO
DESCRIPTION CONSOLIDATED C3 COMMUNICATIONS CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 1,000.00 1,000.00 1,000.00 3,000.00
PREMIUM ON CAPITAL STOCK 0.00 0.00 0.00 0.00
PAID-IN CAPITAL 141,254,902.63 0.00 0.00 300,000.00
RETAINED EARNINGS (184,723,912.22) (177,582,649.10) (58,901,742.24) (6,060,932.68)
COMMON SHAREHOLDERS' EQUITY (43,468,009.59) (177,581,649.10) (58,900,742.24) (5,757,932.68)
CUMULATIVE PREFERRED STOCK
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 0.00 0.00 0.00 0.00
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 139,883,768.82 48,211,982.00 0.00
TOTAL CAPITALIZATION (43,468,009.59) (37,697,880.28) (10,688,760.24) (5,757,932.68)
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00 0.00
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 0.00 4,478.00 52,012.50
TOTAL OTH NONCURRENT LIAB'S 0.00 0.00 4,478.00 52,012.50
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 35,000,000.00 12,000,000.00 0.00
SHORT-TERM DEBT 0.00 0.00 22,000,000.00 0.00
A/P - GENERAL 25,967.30 2,175,729.11 5,025,153.00 5,539,773.38
A/P- ASSOC. COS. 102,117,548.64 3,182,002.88 758,539.58 74,077,759.65
ADVANCES FROM AFFILIATES 76,279,475.97 31,009,898.49 18,137,253.29 515,297.88
CUSTOMER DEPOSITS 0.00 165,995.13 0.00 469,038.99
TAXES ACCRUED 3,265,690.54 (6,096,951.10) (955,551.84) 43,163,396.15
INTEREST ACCRUED (18,832.16) 0.00 20.00 100,078.99
DIVIDENDS DECLARED 0.00 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 0.00 0.00
OTHR CURR & ACCRUED LIAB (16,938.86) 6,222,078.60 3,924,765.77 1,246,129.27
TOTAL CURRENT LIABILITIES 181,652,911.43 71,658,753.11 60,890,179.80 125,111,474.31
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES (1,701,603.20) 3,835,375.00 (1,886,719.00) 0.00
DFIT & DSIT RECLASS (A/C 190) (90,865,170.83) (36,767,977.00) (7,311,041.00) 0.00
NET DEFERRED INCOME TAXES (92,566,774.03) (32,932,602.00) (9,197,760.00) 0.00
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00 0.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 0.00 0.00 0.00 0.00
CUSTOMER ADVANCES FOR CONSTR 0.00 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 7,711,908.86 2,504,480.27 4,803,808.10 462,137.91
TOTAL OTHER DEFERRED CREDITS 7,711,908.86 2,504,480.27 4,803,808.10 462,137.91
TOTAL DEF CREDITS & REG LIAB'S (84,854,865.17) (30,428,121.73) (4,393,951.90) 462,137.91
TOTAL CAPITAL & LIABILITIES 53,330,036.67 3,532,751.11 45,811,945.66 119,867,692.04
AEP TEXAS CENTRAL COMPANY
AND SUBSIDIARY COMPANY
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------------
TEXAS CENTRAL TEXAS CENTRAL AEP TEXAS CORP TEXAS CENTRAL
DESCRIPTION CONSOLIDATED ELIM & ADJ CONSOLIDATED SEC
--------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 2,903,942,101.83 (2,254,080,971.69) 5,158,023,073.52 0.00
TRANSMISSION 698,963,919.62 698,963,919.62 0.00 0.00
DISTRIBUTION 1,296,731,134.99 1,296,731,134.99 (0.00) 0.00
GENERAL 258,385,917.08 223,443,668.95 34,942,248.13 0.00
CONSTRUCTION WORK IN PROGRESS 200,947,370.68 0.00 200,947,370.68 0.00
NUCLEAR FUEL 266,765,742.01 266,765,742.01 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 5,625,736,186.21 231,823,493.88 5,393,912,692.33 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT (2,405,491,553.97) (231,823,493.88) (2,173,668,060.09) 0.00
NET ELECTRIC UTILITY PLANT 3,220,244,632.24 0.00 3,220,244,632.24 0.00
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 3,623,213.06 0.00 3,623,213.06 0.00
INVEST IN SUBSIDIARY & ASSOC 0.00 (3,986,675.00) 3,986,675.00 0.00
TOTAL OTHER INVESTMENTS 734,945,429.29 0.00 354,090.29 734,591,339.00
TOTAL OTHER SPECIAL FUNDS 98,474,210.52 0.00 98,474,210.52 0.00
L/T ENERGY TRADING CONTRACTS 4,392,058.00 0.00 4,392,058.00 0.00
TOTAL OTHER PROP AND INVSTMNTS 841,434,910.87 (3,986,675.00) 110,830,246.87 734,591,339.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 85,420,265.96 0.00 2,947,313.61 82,472,952.35
ADVANCES TO AFFILIATES 0.00 0.00 0.00 0.00
ACCOUNTS RECEIVABLE-CUSTOMERS 56,892,834.71 0.00 56,892,834.71 0.00
ACCOUNTS RECEIVABLE - MISC 56,649,692.10 0.00 56,649,692.10 0.00
A/P FOR UNCOLLECTIBLE ACCOUNTS (345,928.71) 0.00 (345,928.71) 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 121,324,317.04 (12,773,894.69) 121,681,453.54 12,416,758.19
FUEL 32,563,383.61 0.00 32,563,383.61 0.00
MATERIALS & SUPPLIES 51,592,600.17 0.00 51,592,600.17 0.00
ACCRUED UTILITY REVENUES 27,149,850.00 0.00 27,149,850.00 0.00
PREPAYMENTS 2,012,037.45 0.00 2,012,037.45 0.00
ENERGY TRADING CONT CURR ASSET 22,491,907.00 0.00 22,491,907.00 0.00
OTHER CURRENT ASSETS 121,242.50 0.00 121,242.50 0.00
TOTAL CURRENT ASSETS 455,872,201.83 (12,773,894.69) 373,756,385.98 94,889,710.54
REGULATORY ASSETS
REGULATORY ASSETS 828,083,551.11 0.00 828,083,551.11 0.00
FAS109 DFIT RECLASS (A/C 254) (33,088,704.00) 0.00 (33,088,704.00) 0.00
NET REGULATORY ASSETS 794,994,847.11 0.00 794,994,847.11 0.00
DEFERRED CHARGES
CLEARING ACCOUNTS (550,313.73) 0.00 (550,313.73) 0.00
UNAMORTIZED DEBT EXPENSE 40,505,725.65 0.00 9,458,211.65 31,047,514.00
OTHER DEF DEBITS (less PSDR) 3,935,601.24 (926.09) 3,936,527.33 0.00
TOTAL DEFERRED CHARGES 43,891,013.15 (926.09) 12,844,425.24 31,047,514.00
TOTAL ASSETS 5,356,437,605.21 (16,761,495.78) 4,512,670,537.45 860,528,563.54
AEP TEXAS CENTRAL COMPANY
AND SUBSIDIARY COMPANY
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------------
TEXAS CENTRAL TEXAS CENTRAL AEP TEXAS CORP TEXAS CENTRAL
DESCRIPTION CONSOLIDATED ELIM & ADJ CONSOLIDATED SEC
--------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 55,291,944.53 0.00 55,291,944.53 0.00
PREMIUM ON CAPITAL STOCK 15,053.87 0.00 15,053.87 0.00
PAID-IN CAPITAL 59,431,668.47 (3,986,675.00) 59,431,668.47 3,986,675.00
RETAINED EARNINGS 986,395,393.85 0.00 986,395,393.85 0.00
COMMON SHAREHOLDERS' EQUITY 1,101,134,060.72 (3,986,675.00) 1,101,134,060.72 3,986,675.00
CUMULATIVE PREFERRED STOCK
PS NOT SUBJ MANDATORY REDEMP 5,941,400.00 0.00 5,941,400.00 0.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 136,250,000.00 0.00 136,250,000.00 0.00
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 1,209,433,515.02 0.00 463,811,437.02 745,622,078.00
TOTAL CAPITALIZATION 2,452,758,975.74 (3,986,675.00) 1,707,136,897.74 749,608,753.00
OTHER NONCURRENT LIABILITIES
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 74,572,441.60 0.00 74,572,441.60 0.00
TOTAL OTH NONCURRENT LIAB'S 74,572,441.60 0.00 74,572,441.60 0.00
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 229,130,778.02 0.00 178,118,000.02 51,012,778.00
SHORT-TERM DEBT 650,000,000.00 0.00 650,000,000.00 0.00
A/P - GENERAL 72,199,922.55 0.00 72,181,144.12 18,778.43
A/P- ASSOC. COS. 36,241,283.08 (12,774,820.78) 48,658,967.36 357,136.50
ADVANCES FROM AFFILIATES 126,710,903.55 0.00 126,710,903.55 0.00
CUSTOMER DEPOSITS 665,585.12 0.00 665,585.12 0.00
TAXES ACCRUED 24,790,959.18 0.00 24,790,959.18 0.00
INTEREST ACCRUED 49,917,574.28 0.00 11,256,353.28 38,661,221.00
DIVIDENDS DECLARED 40,191.94 0.00 40,191.94 0.00
ENERGY TRADING CONT CURR LIAB 19,811,379.00 0.00 19,811,379.00 0.00
OTHR CURR & ACCRUED LIAB 36,658,152.34 0.00 36,658,152.34 0.00
TOTAL CURRENT LIABILITIES 1,246,166,729.06 (12,774,820.78) 1,168,891,635.91 90,049,913.93
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 1,391,461,668.00 0.00 1,391,461,668.00 0.00
DFIT & DSIT RECLASS (A/C 190) (130,209,929.00) 0.00 (130,209,929.00) 0.00
NET DEFERRED INCOME TAXES 1,261,251,739.00 0.00 1,261,251,739.00 0.00
DEF INVESTMENT TAX CREDITS 117,685,682.00 0.00 117,685,682.00 0.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 70,313,954.99 0.00 70,313,954.99 0.00
OTHER REGULATORY LIABILTIES 128,466,744.49 0.00 107,596,847.88 20,869,896.61
UNAMORT GAIN REACQUIRED DEBT 5,706.58 0.00 5,706.58 0.00
TOTAL REGULATORY LIABILITIES 198,786,406.06 0.00 177,916,509.45 20,869,896.61
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 1,713,225.00 0.00 1,713,225.00 0.00
CUSTOMER ADVANCES FOR CONSTR 2,058,895.00 0.00 2,058,895.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 1,443,511.73 0.00 1,443,511.73 0.00
TOTAL OTHER DEFERRED CREDITS 5,215,631.73 0.00 5,215,631.73 0.00
TOTAL DEF CREDITS & REG LIAB'S 1,582,939,458.79 0.00 1,562,069,562.18 20,869,896.61
TOTAL CAPITAL & LIABILITIES 5,356,437,605.20 (16,761,495.78) 4,512,670,537.44 860,528,563.54
APPALACHIAN POWER COMPANY, INC
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
APCO AEPCO
DESCRIPTION CONSOLIDATED ELIM & ADJ APCO CACCO
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 2,245,945,333.13 (3,442,630,590.16) 5,688,575,923.29 0.00
TRANSMISSION 1,218,107,426.89 1,218,107,426.89 0.00 0.00
DISTRIBUTION 1,951,804,006.37 1,951,804,006.37 (0.00) 0.00
GENERAL 272,900,835.90 272,719,156.90 181,679.00 0.00
CONSTRUCTION WORK IN PROGRESS 206,545,285.87 0.00 206,545,285.87 0.00
TOTAL ELECTRIC UTILITY PLANT 5,895,302,888.16 (0.00) 5,895,302,888.16 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT (2,424,607,196.01) 0.00 (2,424,607,196.01) 0.00
NET ELECTRIC UTILITY PLANT 3,470,695,692.15 (0.00) 3,470,695,692.15 0.00
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 20,550,437.06 0.00 20,219,843.06 0.00
INVEST IN SUBSIDIARY & ASSOC 603,868.00 (16,033,877.18) 16,637,745.18 0.00
TOTAL OTHER INVESTMENTS 33,499,569.23 0.00 28,428,997.23 192,684.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00 0.00
L/T ENERGY TRADING CONTRACTS 115,747,766.58 0.00 115,747,766.58 0.00
TOTAL OTHER PROP AND INVSTMNTS 170,401,640.87 (16,033,877.18) 181,034,352.05 192,684.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 4,285,011.30 0.00 3,677,011.30 0.00
ADVANCES TO AFFILIATES 16,974,280.17 0.00 0.00 1,907,460.81
ACCOUNTS RECEIVABLE-CUSTOMERS 132,265,094.69 0.00 132,265,094.69 0.00
ACCOUNTS RECEIVABLE - MISC 28,628,994.74 0.00 25,545,419.37 119,016.00
A/P FOR UNCOLLECTIBLE ACCOUNTS (13,438,072.98) 0.00 (13,441,027.93) 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 122,665,658.15 (621,187.06) 122,669,124.67 0.00
FUEL 53,646,529.61 0.00 53,646,529.61 0.00
MATERIALS & SUPPLIES 59,885,754.80 29.11 59,885,725.69 0.00
ACCRUED UTILITY REVENUES 30,947,534.88 0.00 30,947,534.88 0.00
PREPAYMENTS 4,895,447.01 0.00 4,895,447.01 0.00
ENERGY TRADING CONT CURR ASSET 94,238,338.43 0.00 94,238,338.43 0.00
OTHER CURRENT ASSETS 8,500,879.32 0.00 6,969,288.32 0.00
TOTAL CURRENT ASSETS 543,495,450.11 (621,157.95) 521,298,486.03 2,026,476.81
REGULATORY ASSETS
REGULATORY ASSETS 487,101,599.54 0.00 486,617,675.54 0.00
FAS109 DFIT RECLASS (A/C 254) (33,206,169.00) 0.00 (31,677,092.00) (203,000.00)
NET REGULATORY ASSETS 453,895,430.54 0.00 454,940,583.54 (203,000.00)
DEFERRED CHARGES
CLEARING ACCOUNTS 1,791,065.25 0.00 1,791,065.24 (0.00)
UNAMORTIZED DEBT EXPENSE 6,388,420.10 0.00 6,388,420.10 0.00
OTHER DEF DEBITS (less PSDR) 56,496,969.74 (22.46) 56,496,992.20 0.00
TOTAL DEFERRED CHARGES 64,676,455.09 (22.46) 64,676,477.54 (0.00)
TOTAL ASSETS 4,703,164,668.75 (16,655,057.59) 4,692,645,591.31 2,016,160.81
APPALACHIAN POWER COMPANY, INC
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
APCO AEPCO
DESCRIPTION CONSOLIDATED ELIM & ADJ APCO CACCO
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 260,457,768.00 (209,950.00) 260,457,768.00 3,000.00
PREMIUM ON CAPITAL STOCK 762,800.65 (8,900,000.01) 762,800.65 0.00
PAID-IN CAPITAL 644,397,149.11 (5,318,393.00) 644,397,149.11 449,990.00
RETAINED EARNINGS 260,439,456.01 (1,605,534.20) 260,439,456.01 313,168.99
COMMON SHAREHOLDERS' EQUITY 1,166,057,173.77 (16,033,877.21) 1,166,057,173.77 766,158.99
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 10,860,000.00 0.00 10,860,000.00 0.00
PS NOT SUBJ MANDATORY REDEMP 17,789,900.00 0.00 17,789,900.00 0.00
TRUST PREFERRED SECURITIES
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 1,738,853,866.43 0.00 1,738,853,866.43 0.00
TOTAL CAPITALIZATION 2,933,560,940.20 (16,033,877.21) 2,933,560,940.20 766,158.99
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 23,990,913.42 0.00 23,990,913.42 0.00
ACCUMULATED PROVISIONS - MISC 149,446,714.65 0.00 131,105,004.88 2,223,234.00
TOTAL OTH NONCURRENT LIAB'S 173,437,628.06 0.00 155,095,918.29 2,223,234.00
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 155,007,317.76 0.00 155,007,317.76 0.00
A/P - GENERAL 141,545,041.08 0.00 141,532,393.61 0.00
A/P- ASSOC. COS. 98,374,597.74 (621,180.38) 98,783,433.97 24,204.14
ADVANCES FROM AFFILIATES 56,179,653.07 0.00 56,179,653.07 0.00
CUSTOMER DEPOSITS 26,185,652.99 0.00 26,185,652.99 0.00
TAXES ACCRUED 29,181,482.40 0.00 29,552,963.70 (26,536.32)
INTEREST ACCRUED 22,436,607.85 0.00 22,436,607.85 0.00
DIVIDENDS DECLARED 360,628.88 0.00 360,628.88 0.00
OBLIG UNDER CAP LEASES- CURR 9,598,465.37 0.00 9,598,465.37 0.00
ENERGY TRADING CONT CURR LIAB 69,001,229.25 0.00 69,001,229.25 0.00
OTHR CURR & ACCRUED LIAB 69,872,764.06 0.00 69,664,153.32 113,400.00
TOTAL CURRENT LIABILITIES 677,743,440.45 (621,180.38) 678,302,499.77 111,067.82
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 915,773,069.20 0.00 914,279,748.20 71,050.00
DFIT & DSIT RECLASS (A/C 190) (213,971,746.64) 0.00 (204,904,852.64) (1,155,350.00)
NET DEFERRED INCOME TAXES 701,801,322.56 0.00 709,374,895.56 (1,084,300.00)
DEF INVESTMENT TAX CREDITS 33,691,342.00 0.00 33,691,342.00 0.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 133,942,555.22 0.00 133,942,555.22 0.00
UNAMORT GAIN REACQUIRED DEBT 72,418.84 0.00 72,418.84 0.00
TOTAL REGULATORY LIABILITIES 134,014,974.06 0.00 134,014,974.06 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 44,516,822.40 0.00 44,516,822.40 0.00
CUSTOMER ADVANCES FOR CONSTR 0.00 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 112,468.00 0.00 112,468.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 4,285,731.02 0.00 3,975,731.02 0.00
TOTAL OTHER DEFERRED CREDITS 48,915,021.42 0.00 48,605,021.42 0.00
TOTAL DEF CREDITS & REG LIAB'S 918,422,660.04 0.00 925,686,233.04 (1,084,300.00)
TOTAL CAPITAL & LIABILITIES 4,703,164,668.75 (16,655,057.59) 4,692,645,591.31 2,016,160.81
APPALACHIAN POWER COMPANY, INC
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------
DESCRIPTION SACCO CECCO WVPCO
-----------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 0.00 0.00 0.00
TRANSMISSION 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00
GENERAL 0.00 0.00 0.00
CONSTRUCTION WORK IN PROGRESS 0.00 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 0.00 0.00 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT 0.00 0.00 0.00
NET ELECTRIC UTILITY PLANT 0.00 0.00 0.00
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 330,594.00 0.00 0.00
INVEST IN SUBSIDIARY & ASSOC 0.00 0.00 0.00
TOTAL OTHER INVESTMENTS 2,438,945.00 2,438,943.00 0.00
TOTAL OTHER SPECIAL FUNDS 0.00 0.00 0.00
L/T ENERGY TRADING CONTRACTS 0.00 0.00 0.00
TOTAL OTHER PROP AND INVSTMNTS 2,769,539.00 2,438,943.00 0.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 0.00 608,000.00 0.00
ADVANCES TO AFFILIATES 5,515,613.42 9,551,205.94 0.00
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 2,032,643.00 931,916.37 0.00
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 2,954.95 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 0.00 617,720.54 0.00
FUEL 0.00 0.00 0.00
MATERIALS & SUPPLIES 0.00 0.00 0.00
ACCRUED UTILITY REVENUES 0.00 0.00 0.00
PREPAYMENTS 0.00 0.00 0.00
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00
OTHER CURRENT ASSETS 0.00 1,531,591.00 0.00
TOTAL CURRENT ASSETS 7,548,256.42 13,243,388.80 0.00
REGULATORY ASSETS
REGULATORY ASSETS 326,108.00 157,816.00 0.00
FAS109 DFIT RECLASS (A/C 254) (153,077.00) (1,173,000.00) 0.00
NET REGULATORY ASSETS 173,031.00 (1,015,184.00) 0.00
DEFERRED CHARGES
CLEARING ACCOUNTS 0.00 0.01 0.00
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
OTHER DEF DEBITS (less PSDR) 0.00 0.00 0.00
TOTAL DEFERRED CHARGES 0.00 0.01 0.00
TOTAL ASSETS 10,490,826.42 14,667,147.81 0.00
APPALACHIAN POWER COMPANY, INC
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------
DESCRIPTION SACCO CECCO WVPCO
-----------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 6,950.00 200,000.00 0.00
PREMIUM ON CAPITAL STOCK 8,900,000.01 0.00 0.00
PAID-IN CAPITAL 0.00 4,868,403.00 0.00
RETAINED EARNINGS 1,419,656.00 (127,290.80) 0.00
COMMON SHAREHOLDERS' EQUITY 10,326,606.01 4,941,112.20 0.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 0.00 0.00
TOTAL CAPITALIZATION 10,326,606.01 4,941,112.20 0.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 0.00 16,118,475.77 0.00
TOTAL OTH NONCURRENT LIAB'S 0.00 16,118,475.77 0.00
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 0.00 0.00
A/P - GENERAL 0.00 12,647.47 0.00
A/P- ASSOC. COS. 65,257.73 122,882.28 0.00
ADVANCES FROM AFFILIATES 0.00 0.00 0.00
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 70,623.68 (415,568.66) 0.00
INTEREST ACCRUED 0.00 0.00 0.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 0.00
ENERGY TRADING CONT CURR LIAB 0.00 0.00 0.00
OTHR CURR & ACCRUED LIAB 0.00 95,210.74 0.00
TOTAL CURRENT LIABILITIES 135,881.41 (184,828.17) 0.00
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 273,101.00 1,149,170.00 0.00
DFIT & DSIT RECLASS (A/C 190) (554,762.00) (7,356,782.00) 0.00
NET DEFERRED INCOME TAXES (281,661.00) (6,207,612.00) 0.00
DEF INVESTMENT TAX CREDITS 0.00 0.00 0.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 0.00 0.00 0.00
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 0.00 0.00 0.00
CUSTOMER ADVANCES FOR CONSTR 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00
OTHER DEFERRED CREDITS 310,000.00 0.00 0.00
TOTAL OTHER DEFERRED CREDITS 310,000.00 0.00 0.00
TOTAL DEF CREDITS & REG LIAB'S 28,339.00 (6,207,612.00) 0.00
TOTAL CAPITAL & LIABILITIES 10,490,826.42 14,667,147.81 0.00
COLUMBUS SOUTHERN POWER, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
CSPCo CSPCo
DESCRIPTION CONSOLIDATED ELIM & ADJ CSPCo
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 1,582,627,466.74 (1,786,565,356.59) 3,356,619,632.55
TRANSMISSION 413,286,067.45 413,286,067.45 0.00
DISTRIBUTION 1,208,254,722.81 1,208,254,722.81 0.00
GENERAL 165,024,566.33 165,024,566.33 0.00
CONSTRUCTION WORK IN PROGRESS 98,433,081.70 0.00 98,433,080.94
TOTAL ELECTRIC UTILITY PLANT 3,467,625,905.03 0.00 3,455,052,713.49
LESS ACCUM PRV-DEPR,DEPL,AMORT (1,465,174,296.49) 0.00 (1,462,078,742.68)
NET ELECTRIC UTILITY PLANT 2,002,451,608.54 0.00 1,992,973,970.81
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 23,679,709.93 0.00 22,955,852.85
INVEST IN SUBSIDIARY & ASSOC 430,000.00 (8,530,025.49) 8,960,025.49
TOTAL OTHER INVESTMENTS 11,649,643.61 0.00 11,498,314.61
L/T ENERGY TRADING CONTRACTS 77,810,111.00 0.00 77,810,111.00
TOTAL OTHER PROP AND INVSTMNTS 113,569,464.54 (8,530,025.49) 121,224,303.95
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 1,479,362.08 0.00 1,474,702.41
ADVANCES TO AFFILIATES 33,612,833.14 0.00 31,232,339.36
ACCOUNTS RECEIVABLE-CUSTOMERS 49,566,458.27 0.00 49,561,589.33
ACCOUNTS RECEIVABLE - MISC 22,004,687.37 0.00 21,981,033.55
A/P FOR UNCOLLECTIBLE ACCOUNTS (633,464.07) 0.00 (633,464.07)
ACCOUNTS RECEIVABLE- ASSOC COS 54,517,662.33 (886,952.77) 54,502,589.10
FUEL 24,844,085.82 0.00 24,844,085.84
MATERIALS & SUPPLIES 40,338,900.99 0.00 38,993,124.03
ACCRUED UTILITY REVENUES 12,670,929.95 0.00 12,670,929.95
PREPAYMENTS 1,894,948.42 0.00 1,880,060.43
ENERGY TRADING CONT CURR ASSET 63,347,736.14 0.00 63,347,736.14
OTHER CURRENT ASSETS 5,413,146.04 0.00 5,413,146.04
TOTAL CURRENT ASSETS 309,057,286.48 (886,952.77) 305,267,872.10
REGULATORY ASSETS
REGULATORY ASSETS 269,788,175.49 0.00 269,785,400.49
FAS109 DFIT RECLASS (A/C 254) (12,106,362.00) 0.00 (12,106,362.00)
NET REGULATORY ASSETS 257,681,813.49 0.00 257,679,038.49
DEFERRED CHARGES
CLEARING ACCOUNTS 823,264.18 0.00 796,800.47
UNAMORTIZED DEBT EXPENSE 1,819,183.16 0.00 1,819,183.16
OTHER DEF DEBITS (less PSDR) 70,193,940.68 0.00 70,071,229.10
TOTAL DEFERRED CHARGES 72,836,388.02 0.00 72,687,212.73
TOTAL ASSETS 2,755,596,561.07 (9,416,978.26) 2,749,832,398.07
COLUMBUS SOUTHERN POWER, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
CSPCo CSPCo
DESCRIPTION CONSOLIDATED ELIM & ADJ CSPCo
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 41,026,065.00 (1,609,000.00) 41,026,065.00
PREMIUM ON CAPITAL STOCK 257,892,417.79 (30,000.00) 257,892,417.79
PAID-IN CAPITAL 258,135,116.43 (668,589.30) 258,135,116.43
RETAINED EARNINGS 290,610,579.41 (3,400,134.19) 290,610,579.42
COMMON SHAREHOLDERS' EQUITY 847,664,178.63 (5,707,723.49) 847,664,178.64
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 578,625,964.67 (2,822,302.00) 578,625,964.67
TOTAL CAPITALIZATION 1,426,290,143.30 (8,530,025.49) 1,426,290,143.31
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 21,643,104.12 0.00 21,635,632.27
ACCUMULATED PROVISIONS - MISC 73,817,184.05 0.00 70,884,623.77
TOTAL OTH NONCURRENT LIAB'S 95,460,288.17 0.00 92,520,256.04
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 43,000,000.00 0.00 43,000,000.00
SHORT-TERM DEBT 290,000,000.00 0.00 290,000,000.00
A/P - GENERAL 89,735,884.74 0.00 89,668,713.74
A/P- ASSOC. COS. 81,598,687.52 (886,952.77) 81,835,336.85
ADVANCES FROM AFFILIATES 2,355,979.20 0.00 0.00
CUSTOMER DEPOSITS 14,718,614.04 0.00 14,718,614.04
TAXES ACCRUED 112,171,603.68 0.00 111,222,076.73
INTEREST ACCRUED 9,798,665.44 0.00 9,747,665.44
DIVIDENDS DECLARED 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 5,966,943.95 0.00 5,941,910.44
ENERGY TRADING CONT CURR LIAB 46,375,524.08 0.00 46,375,524.08
OTHR CURR & ACCRUED LIAB 16,104,492.60 0.00 15,192,051.04
TOTAL CURRENT LIABILITIES 711,826,395.25 (886,952.77) 707,701,892.37
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 510,760,555.00 0.00 510,849,089.00
DFIT & DSIT RECLASS (A/C 190) (72,989,545.00) 0.00 (71,543,724.00)
NET DEFERRED INCOME TAXES 437,771,010.00 0.00 439,305,365.00
DEF INVESTMENT TAX CREDITS 33,906,429.00 0.00 33,893,663.00
REGULATORY LIABILITIES
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 29,925,923.98 0.00 29,925,923.98
CUSTOMER ADVANCES FOR CONSTR 270,141.41 0.00 270,141.41
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00
OTHER DEFERRED CREDITS 20,146,229.97 0.00 19,925,012.97
TOTAL OTHER DEFERRED CREDITS 50,342,295.36 0.00 50,121,078.36
TOTAL DEF CREDITS & REG LIAB'S 522,019,734.36 0.00 523,320,106.36
TOTAL CAPITAL & LIABILITIES 2,755,596,561.07 (9,416,978.26) 2,749,832,398.07
COLUMBUS SOUTHERN POWER, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION SIMCO COLM CCPC
----------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 1,821,376.18 8,948,128.65 1,803,685.95
TRANSMISSION 0.00 0.00 0.00
DISTRIBUTION 0.00 0.00 0.00
GENERAL 0.00 0.00 0.00
CONSTRUCTION WORK IN PROGRESS 0.00 0.73 0.03
TOTAL ELECTRIC UTILITY PLANT 1,821,376.18 8,948,129.38 1,803,685.98
LESS ACCUM PRV-DEPR,DEPL,AMORT (1,577,001.29) (65,122.52) (1,453,430.00)
NET ELECTRIC UTILITY PLANT 244,374.89 8,883,006.86 350,255.98
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 0.00 723,857.09 0.00
INVEST IN SUBSIDIARY & ASSOC 0.00 0.00 0.00
TOTAL OTHER INVESTMENTS 0.00 0.00 151,329.00
L/T ENERGY TRADING CONTRACTS 0.00 0.00 0.00
TOTAL OTHER PROP AND INVSTMNTS 0.00 723,857.09 151,329.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 0.00 476.65 4,183.02
ADVANCES TO AFFILIATES 385,417.56 0.00 1,995,076.22
ACCOUNTS RECEIVABLE-CUSTOMERS 0.00 0.00 4,868.94
ACCOUNTS RECEIVABLE - MISC 0.00 575.00 23,078.82
A/P FOR UNCOLLECTIBLE ACCOUNTS 0.00 0.00 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 0.00 18.03 902,007.97
FUEL 0.00 0.00 (0.01)
MATERIALS & SUPPLIES 0.00 0.00 1,345,776.95
ACCRUED UTILITY REVENUES 0.00 0.00 0.00
PREPAYMENTS 0.00 0.00 14,887.99
ENERGY TRADING CONT CURR ASSET 0.00 0.00 0.00
OTHER CURRENT ASSETS 0.00 0.00 0.00
TOTAL CURRENT ASSETS 385,417.56 1,069.68 4,289,879.91
REGULATORY ASSETS
REGULATORY ASSETS 0.00 0.00 2,775.00
FAS109 DFIT RECLASS (A/C 254) 0.00 0.00 0.00
NET REGULATORY ASSETS 0.00 0.00 2,775.00
DEFERRED CHARGES
CLEARING ACCOUNTS (0.01) (0.00) 26,463.72
UNAMORTIZED DEBT EXPENSE 0.00 0.00 0.00
OTHER DEF DEBITS (less PSDR) 0.00 122,382.16 329.42
TOTAL DEFERRED CHARGES (0.01) 122,382.16 26,793.14
TOTAL ASSETS 629,792.45 9,730,315.79 4,821,033.03
COLUMBUS SOUTHERN POWER, INC.
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
DESCRIPTION SIMCO COLM CCPC
----------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
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 0.00 400,000.00
RETAINED EARNINGS 144,231.34 2,085,919.84 1,169,983.00
COMMON SHAREHOLDERS' EQUITY 421,820.64 3,615,919.84 1,669,983.00
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 0.00 0.00 0.00
TRUST PREFERRED SECURITIES
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 0.00 2,822,302.00 0.00
TOTAL CAPITALIZATION 421,820.64 6,438,221.84 1,669,983.00
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 0.00 0.00 7,471.85
ACCUMULATED PROVISIONS - MISC 0.00 0.00 2,932,560.28
TOTAL OTH NONCURRENT LIAB'S 0.00 0.00 2,940,032.13
CURRENT LIABILITIES
PREFERRED STOCK DUE W/IN 1 YR 0.00 0.00 0.00
LONG-TERM DEBT DUE WITHIN 1 YR 0.00 0.00 0.00
SHORT-TERM DEBT 0.00 0.00 0.00
A/P - GENERAL 0.00 0.00 67,171.00
A/P- ASSOC. COS. 1,329.35 14,711.57 634,262.52
ADVANCES FROM AFFILIATES 0.00 2,355,979.20 0.00
CUSTOMER DEPOSITS 0.00 0.00 0.00
TAXES ACCRUED 11,174.01 850,092.00 88,260.94
INTEREST ACCRUED 0.00 0.00 51,000.00
DIVIDENDS DECLARED 0.00 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 0.00 0.00 25,033.51
ENERGY TRADING CONT CURR LIAB 0.00 0.00 0.00
OTHR CURR & ACCRUED LIAB (688.56) 94.18 913,035.93
TOTAL CURRENT LIABILITIES 11,814.80 3,220,876.95 1,778,763.90
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 90,377.00 0.00 (178,911.00)
DFIT & DSIT RECLASS (A/C 190) (56,986.00) 0.00 (1,388,835.00)
NET DEFERRED INCOME TAXES 33,391.00 0.00 (1,567,746.00)
DEF INVESTMENT TAX CREDITS 12,766.00 0.00 0.00
REGULATORY LIABILITIES
OTHER REGULATORY LIABILTIES 0.00 0.00 0.00
TOTAL REGULATORY LIABILITIES 0.00 0.00 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 0.00 0.00 0.00
CUSTOMER ADVANCES FOR CONSTR 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00
OTHER DEFERRED CREDITS 150,000.00 71,217.00 0.00
TOTAL OTHER DEFERRED CREDITS 150,000.00 71,217.00 0.00
TOTAL DEF CREDITS & REG LIAB'S 196,157.00 71,217.00 (1,567,746.00)
TOTAL CAPITAL & LIABILITIES 629,792.45 9,730,315.79 4,821,033.03
INDIANA MICHIGAN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
I&M I&M
DESCRIPTION CONSOLIDATED ELIM & ADJ I&M PRCCO BHCCO
-----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 2,768,463,463.28 (2,046,450,164.99) 4,814,913,628.27 0.00 0.00
TRANSMISSION 971,599,128.42 971,599,128.42 0.00 0.00 0.00
DISTRIBUTION 921,835,003.44 921,835,003.44 0.00 0.00 0.00
GENERAL 220,136,485.39 153,016,033.13 67,120,452.26 0.00 0.00
CONSTRUCTION WORK IN PROGRESS 147,924,064.19 0.00 147,924,064.19 0.00 0.00
TOTAL ELECTRIC UTILITY PLANT 5,029,958,144.72 (0.00) 5,029,958,144.72 0.00 0.00
LESS ACCUM PRV-DEPR,DEPL,AMORT (2,568,603,884.20) 0.00 (2,568,603,884.20) 0.00 0.00
NET ELECTRIC UTILITY PLANT 2,461,354,260.52 (0.00) 2,461,354,260.52 0.00 0.00
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 69,251,765.31 0.00 40,816,312.31 0.00 28,435,453.00
INVEST IN SUBSIDIARY & ASSOC 0.00 (50,180,949.83) 50,180,949.83 0.00 0.00
TOTAL OTHER INVESTMENTS 51,689,355.81 0.00 45,778,025.81 0.00 5,911,330.00
TOTAL OTHER SPECIAL FUNDS 870,753,993.41 0.00 870,753,993.41 0.00 0.00
L/T ENERGY TRADING CONTRACTS 83,265,126.00 0.00 83,265,126.00 0.00 0.00
TOTAL OTHER PROP AND INVSTMNTS 1,074,960,240.53 (50,180,949.83) 1,090,794,407.36 0.00 34,346,783.00
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 3,237,261.34 0.00 3,237,261.34 0.00 0.00
ADVANCES TO AFFILIATES 191,225,417.37 0.00 178,804,845.66 0.00 12,420,571.71
ACCOUNTS RECEIVABLE-CUSTOMERS 67,332,547.24 0.00 67,332,547.24 0.00 0.00
ACCOUNTS RECEIVABLE - MISC 30,468,364.56 0.00 27,378,621.56 0.00 3,089,743.00
A/P FOR UNCOLLECTIBLE ACCOUNTS (578,175.02) 0.00 (578,175.02) 0.00 0.00
ACCOUNTS RECEIVABLE- ASSOC COS 122,488,472.09 (75,579.33) 122,486,329.09 27,275.00 50,447.33
FUEL 32,731,422.62 0.00 32,729,862.57 0.00 1,560.05
MATERIALS & SUPPLIES 95,552,021.18 0.00 95,552,021.18 0.00 0.00
ACCRUED UTILITY REVENUES 6,511,155.66 0.00 6,511,155.66 0.00 0.00
PREPAYMENTS 5,343,054.81 0.00 5,343,054.81 0.00 0.00
ENERGY TRADING CONT CURR ASSET 68,147,961.14 0.00 68,147,961.14 0.00 0.00
OTHER CURRENT ASSETS 6,556,196.49 0.00 6,400,792.49 0.00 155,404.00
TOTAL CURRENT ASSETS 629,015,699.48 (75,579.33) 613,346,277.73 27,275.00 15,717,726.09
REGULATORY ASSETS
REGULATORY ASSETS 429,695,289.70 0.00 428,220,599.70 0.00 1,474,690.00
FAS109 DFIT RECLASS (A/C 254) (81,483,326.00) 0.00 (81,504,262.00) 0.00 20,936.00
NET REGULATORY ASSETS 348,211,963.70 0.00 346,716,337.70 0.00 1,495,626.00
DEFERRED CHARGES
CLEARING ACCOUNTS 1,799,983.71 0.00 1,799,983.71 0.00 0.00
UNAMORTIZED DEBT EXPENSE 14,403,446.54 0.00 14,403,446.54 0.00 0.00
OTHER DEF DEBITS (less PSDR) 57,444,641.14 0.00 57,444,641.14 0.00 0.00
TOTAL DEFERRED CHARGES 73,648,071.39 0.00 73,648,071.39 0.00 0.00
TOTAL ASSETS 4,587,190,235.62 (50,256,529.16) 4,585,859,354.69 27,275.00 51,560,135.09
INDIANA MICHIGAN POWER COMPANY
AND SUBSIDIARY COMPANIES
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
I&M I&M
DESCRIPTION CONSOLIDATED ELIM & ADJ I&M PRCCO BHCCO
-----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 56,583,866.43 (39,548,275.00) 56,583,866.43 27,275.00 39,521,000.00
PREMIUM ON CAPITAL STOCK 4,318,031.53 0.00 4,318,031.53 0.00 0.00
PAID-IN CAPITAL 813,755,477.63 (1,303,000.00) 813,755,477.63 0.00 1,303,000.00
RETAINED EARNINGS 143,996,166.53 (9,329,674.83) 143,996,166.52 0.00 9,329,674.85
COMMON SHAREHOLDERS' EQUITY 1,018,653,542.12 (50,180,949.83) 1,018,653,542.11 27,275.00 50,153,674.85
CUMULATIVE PREFERRED STOCK
PS SUBJECT TO MANDATORY REDEMP 64,945,000.00 0.00 64,945,000.00 0.00 0.00
PS NOT SUBJ MANDATORY REDEMP 8,101,100.00 0.00 8,101,100.00 0.00 0.00
TRUST PREFERRED SECURITIES
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 1,587,062,263.87 0.00 1,587,062,263.87 0.00 0.00
TOTAL CAPITALIZATION 2,678,761,905.99 (50,180,949.83) 2,678,761,905.97 27,275.00 50,153,674.85
OTHER NONCURRENT LIABILITIES
OBLIGATIONS UNDER CAP LEASE 42,619,719.10 0.00 42,619,719.10 0.00 0.00
ACCUMULATED PROVISIONS - MISC 717,016,707.60 0.00 715,776,573.60 0.00 1,240,134.00
TOTAL OTH NONCURRENT LIAB'S 759,636,426.70 0.00 758,396,292.70 0.00 1,240,134.00
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 30,000,000.00 0.00 30,000,000.00 0.00 0.00
A/P - GENERAL 125,047,733.64 0.00 125,044,637.96 0.00 3,095.68
A/P- ASSOC. COS. 93,607,639.82 (48,304.33) 93,617,001.72 0.00 38,942.42
ADVANCES FROM AFFILIATES 0.00 0.00 0.00 0.00 0.00
CUSTOMER DEPOSITS 16,660,429.83 0.00 16,660,429.83 0.00 0.00
TAXES ACCRUED 71,558,998.79 0.00 71,627,406.11 0.00 (68,407.32)
INTEREST ACCRUED 21,481,362.83 0.00 21,481,362.83 0.00 0.00
DIVIDENDS DECLARED 1,133,252.91 0.00 1,133,252.91 0.00 0.00
OBLIG UNDER CAP LEASES- CURR 8,228,537.08 0.00 8,228,537.08 0.00 0.00
ENERGY TRADING CONT CURR LIAB 48,567,703.10 0.00 48,567,703.10 0.00 0.00
OTHR CURR & ACCRUED LIAB 75,028,342.90 0.00 74,989,921.44 0.00 38,421.46
TOTAL CURRENT LIABILITIES 491,314,000.88 (48,304.33) 491,350,252.97 0.00 12,052.24
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 704,869,210.00 0.00 701,417,201.00 0.00 3,452,009.00
DFIT & DSIT RECLASS (A/C 190) (348,672,281.00) 0.00 (342,396,382.00) 0.00 (6,275,899.00)
NET DEFERRED INCOME TAXES 356,196,929.00 0.00 359,020,819.00 0.00 (2,823,890.00)
DEF INVESTMENT TAX CREDITS 97,708,567.00 0.00 97,708,567.00 0.00 0.00
REGULATORY LIABILITIES
OTHER REGULATORY LIABILTIES 65,947,882.16 0.00 65,947,882.16 0.00 0.00
UNAMORT GAIN REACQUIRED DEBT 35,379.48 0.00 35,379.48 0.00 0.00
TOTAL REGULATORY LIABILITIES 65,983,261.64 0.00 65,983,261.64 0.00 0.00
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 32,260,869.00 0.00 32,260,869.00 0.00 0.00
CUSTOMER ADVANCES FOR CONSTR 5,659,511.76 0.00 5,659,511.76 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 73,885,241.00 0.00 73,885,241.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 25,783,522.64 (27,275.00) 22,832,633.64 0.00 2,978,164.00
TOTAL OTHER DEFERRED CREDITS 137,589,144.41 (27,275.00) 134,638,255.41 0.00 2,978,164.00
TOTAL DEF CREDITS & REG LIAB'S 657,477,902.04 (27,275.00) 657,350,903.04 0.00 154,274.00
TOTAL CAPITAL & LIABILITIES 4,587,190,235.61 (50,256,529.16) 4,585,859,354.68 27,275.00 51,560,135.09
SOUTHWESTERN ELECTRIC POWER COMPANY
AND SUBSIDIARY COMPANY
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
SWEPCO SWEPCO
DESCRIPTION CONSOLIDATED ELIM & ADJ DOLETHILLS SWEPCO
----------------------------------------------------------------------------------------------------------------------------------
ASSETS:
ELECTRIC UTILITY PLANT
PRODUCTION 1,503,722,399.77 (2,001,638,102.48) 55,143,472.86 3,450,217,029.39
TRANSMISSION 575,003,054.55 575,003,054.55 0.00 0.00
DISTRIBUTION 1,063,563,248.36 1,063,563,248.36 0.00 0.00
GENERAL 378,130,016.79 363,071,799.57 0.00 15,058,217.22
CONSTRUCTION WORK IN PROGRESS 75,755,410.39 0.00 0.00 75,755,410.39
TOTAL ELECTRIC UTILITY PLANT 3,596,174,129.85 0.00 55,143,472.86 3,541,030,656.99
LESS ACCUM PRV-DEPR,DEPL,AMORT (1,697,337,591.70) 0.00 (11,637,958.44) (1,685,699,633.26)
NET ELECTRIC UTILITY PLANT 1,898,836,538.16 0.00 43,505,514.42 1,855,331,023.74
OTHER PROPERTY AND INVESTMENT
NET NONUTILITY PROPERTY 4,203,570.77 0.00 0.00 4,203,570.77
INVEST IN SUBSIDIARY & ASSOC 194,427.24 (22,692,094.94) 0.00 22,886,522.18
TOTAL OTHER INVESTMENTS 1,580,452.46 0.00 0.00 1,580,452.46
L/T ENERGY TRADING CONTRACTS 5,118,463.00 0.00 0.00 5,118,463.00
TOTAL OTHER PROP AND INVSTMNTS 11,096,913.47 (22,692,094.94) 0.00 33,789,008.41
CURRENT AND ACCRUED ASSETS
CASH AND CASH EQUIVALENTS 2,068,766.28 0.00 150,500.00 1,918,266.28
ADVANCES TO AFFILIATES 14,112,270.69 (52,899,062.98) 14,112,270.69 52,899,062.98
ACCOUNTS RECEIVABLE-CUSTOMERS 26,989,859.12 0.00 0.00 26,989,859.12
ACCOUNTS RECEIVABLE - MISC 36,985,275.54 (2,784,741.10) 2,778,725.46 36,991,291.18
A/P FOR UNCOLLECTIBLE ACCOUNTS (2,128,289.03) 0.00 0.00 (2,128,289.03)
ACCOUNTS RECEIVABLE- ASSOC COS 19,253,249.39 (4,124,641.20) 2,700,226.39 20,677,664.20
FUEL 61,740,879.17 0.00 1,333,917.44 60,406,961.73
MATERIALS & SUPPLIES 33,539,536.02 0.00 3,890,000.00 29,649,536.02
ACCRUED UTILITY REVENUES 15,103,000.00 0.00 0.00 15,103,000.00
PREPAYMENTS 17,746,642.78 0.00 94,781.34 17,651,861.44
ENERGY TRADING CONT CURR ASSET 4,388,140.00 0.00 0.00 4,388,140.00
OTHER CURRENT ASSETS 104,354.26 0.00 0.00 104,354.26
TOTAL CURRENT ASSETS 229,903,684.22 (59,808,445.28) 25,060,421.32 264,651,708.18
REGULATORY ASSETS
REGULATORY ASSETS 93,196,531.83 0.00 0.00 93,196,531.83
FAS109 DFIT RECLASS (A/C 254) (42,715,104.00) 0.00 0.00 (42,715,104.00)
NET REGULATORY ASSETS 50,481,427.83 0.00 0.00 50,481,427.83
DEFERRED CHARGES
CLEARING ACCOUNTS 2,618,897.35 0.00 0.02 2,618,897.34
UNAMORTIZED DEBT EXPENSE 6,841,440.88 0.00 0.00 6,841,440.88
OTHER DEF DEBITS (less PSDR) 38,111,211.75 136,915.10 37,098,303.63 875,993.02
TOTAL DEFERRED CHARGES 47,571,549.98 136,915.10 37,098,303.65 10,336,331.24
TOTAL ASSETS 2,237,890,113.66 (82,363,625.12) 105,664,239.39 2,214,589,499.39
SOUTHWESTERN ELECTRIC POWER COMPANY
AND SUBSIDIARY COMPANY
CONSOLIDATING BALANCE SHEETS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
SWEPCO SWEPCO
DESCRIPTION CONSOLIDATED ELIM & ADJ DOLETHILLS SWEPCO
----------------------------------------------------------------------------------------------------------------------------------
CAPITALIZATION AND LIABILITIES:
CAPITALIZATION
COMMON STOCK
COMMON STOCK 135,659,520.00 0.00 0.00 135,659,520.00
PREMIUM ON CAPITAL STOCK 3,620.64 0.00 0.00 3,620.64
PAID-IN CAPITAL 191,317,094.00 (21,375,351.94) 21,375,351.94 191,317,094.00
RETAINED EARNINGS 334,788,640.33 (1,316,742.00) 1,316,741.99 334,788,640.34
COMMON SHAREHOLDERS' EQUITY 661,768,874.97 (22,692,093.94) 22,692,093.93 661,768,874.98
CUMULATIVE PREFERRED STOCK
PS NOT SUBJ MANDATORY REDEMP 4,700,800.00 0.00 0.00 4,700,800.00
TRUST PREFERRED SECURITIES
TRUST PREFER SECURITIES 110,000,000.00 0.00 0.00 110,000,000.00
LT DEBT (LESS AMT DUE IN 1 YR)
LONG-TERM DEBT LESS AMT DUE 1 YR 637,853,425.13 0.00 0.00 637,853,425.13
TOTAL CAPITALIZATION 1,414,323,100.10 (22,692,093.94) 22,692,093.93 1,414,323,100.11
OTHER NONCURRENT LIABILITIES
ACCUM PROVISIONS-RATE REFUND 0.00 0.00 0.00 0.00
ACCUMULATED PROVISIONS - MISC 62,467,222.11 0.00 13,826,220.28 48,641,001.83
TOTAL OTH NONCURRENT LIAB'S 62,467,222.11 0.00 13,826,220.28 48,641,001.83
CURRENT LIABILITIES
LONG-TERM DEBT DUE WITHIN 1 YR 55,595,000.00 0.00 0.00 55,595,000.00
A/P - GENERAL 62,138,900.49 0.00 5,794,610.06 56,344,290.43
A/P- ASSOC. COS. 73,875,862.54 (4,124,318.91) 1,788,047.06 76,212,134.39
ADVANCES FROM AFFILIATES 37,351,890.31 (52,899,062.98) 52,899,062.98 37,351,890.31
CUSTOMER DEPOSITS 20,109,732.07 0.00 0.00 20,109,732.07
TAXES ACCRUED 19,081,001.22 0.00 982,843.16 18,098,158.06
INTEREST ACCRUED 18,274,186.87 (2,648,149.29) 2,648,149.29 18,274,186.87
DIVIDENDS DECLARED 57,263.49 0.00 0.00 57,263.49
ENERGY TRADING CONT CURR LIAB 3,723,715.14 0.00 0.00 3,723,715.14
OTHR CURR & ACCRUED LIAB 50,534,384.67 0.00 4,617,286.63 45,917,098.04
TOTAL CURRENT LIABILITIES 340,741,936.80 (59,671,531.18) 68,729,999.18 331,683,468.80
DEF CREDITS & REGULATORY LIAB
DEFERRED INCOME TAXES 423,177,326.00 0.00 464,159.00 422,713,167.00
DFIT & DSIT RECLASS (A/C 190) (82,113,261.00) 0.00 (48,233.00) (82,065,028.00)
NET DEFERRED INCOME TAXES 341,064,065.00 0.00 415,926.00 340,648,139.00
DEF INVESTMENT TAX CREDITS 44,190,016.00 0.00 0.00 44,190,016.00
REGULATORY LIABILITIES
OVER-RECOVERY OF FUEL COST 16,002,837.35 0.00 0.00 16,002,837.35
OTHER REGULATORY LIABILTIES 6,893,034.33 0.00 0.00 6,893,034.33
UNAMORT GAIN REACQUIRED DEBT 200,630.39 0.00 0.00 200,630.39
TOTAL REGULATORY LIABILITIES 23,096,502.07 0.00 0.00 23,096,502.07
DEFERRED CREDITS
LT ENERGY TRADING CONTRACTS 1,806,174.00 0.00 0.00 1,806,174.00
CUSTOMER ADVANCES FOR CONSTR 0.00 0.00 0.00 0.00
DEF GAINS ON SALE/LEASEBACK 0.00 0.00 0.00 0.00
DEF GAINS-DISP OF UTILITY PLT 0.00 0.00 0.00 0.00
OTHER DEFERRED CREDITS 10,201,097.58 0.00 0.00 10,201,097.58
TOTAL OTHER DEFERRED CREDITS 12,007,271.58 0.00 0.00 12,007,271.58
TOTAL DEF CREDITS & REG LIAB'S 420,357,854.65 0.00 415,926.00 419,941,928.65
TOTAL CAPITAL & LIABILITIES 2,237,890,113.66 (82,363,625.12) 105,664,239.39 2,214,589,499.39
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
------------------------------------------------------------------------------------------------------------------------------------
AEP CONSOLIDATED ELIM & ADJ AEP Inc. AEPSC
------------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income (519,219,516) 466,461,410 (515,877,274)
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 1,403,643,073 (65,020,365) 30,462,744
Prov for Def Income Taxes (net) (65,715,479) 15,142,808 104,703,267
Def Invest Tax Credits (net) (31,408,915) 0 (50,808)
Transitional Impairment of Goodwill 350,300,000 27,300,000 0
Discontinued Operations 189,895,513 189,895,513 0
Impairment Losses 1,188,000,000 (424,901,051) 10,224,599
Equity/Undist. Subs. Earnings (11,933,605) 0 50,458,032
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (138,006,446) (236,691,115) (353,152) (732,400)
Accounts Receivable - Assoc. Cos. (14,121,944) (1,094,744,023) 1,155,476,085 (289,043,525)
Fuel, Materials and Supplies (126,703,614) (39,400,011) 0 150
Accrued Utility Revenues (282,963,524) (61,072,864) 0 0
Prepayments 129,335,089 141,003,394 9,473,904 (734,459)
Other Current Assets (Ex. Energy Trad.) (77,351,980) 288,374,441 0 (13,094)
Accounts Payable - General 47,961,596 226,945,920 158,692 (22,312,995)
Accounts Payable - Assoc. Cos. 4,347,521 1,032,185,152 39,431,707 61,486,742
Customer Deposits 23,252,785 72,445,965 (100) 0
Taxes Accrued (216,375,141) 1,914,391 11,852,468 (47,211,344)
Interest Accrued 72,667,670 46,000,360 9,883,308 902,500
Obligations Under Cap. Leases - Curr. (18,697,654) 0 0 (6,625,460)
Other Current Liab. (Ex. Energy Trad.) (66,697,496) 58,719,806 2,522,943 (203,074,427)
Mark-to-Market Energy (Schedule 2) 263,821,393 89,100,553 0 0
Over/Under Fuel Recovery 37,500,425 31,173,992 0 0
Increase in Other Assets (Schedule 1) 87,686,032 35,639,868 80,307,564 111,311,503
Increase in Other Liabilities (Schedule 1) (552,042,711) (397,454,053) (136,241,596) 37,619,244
---------------- ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 1,677,173,072 403,020,091 707,092,581 (213,087,763)
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (1,720,653,196) 30,013,375 (736,024) (79,796,000)
Other Construction Expenditures (1,423,863) 0
---------------- ------------------ ------------------ ------------------
Total Construction Expenditures (1,722,077,059) 30,013,375 (736,024) (79,796,000)
AFUDC - Equity 0 0
---------------- ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (1,722,077,059) 30,013,375 (736,024) (79,796,000)
Invest in Subs - Equity & Debt 3,954,568 (118,767,219) 188,974,291
Proceeds - Sale of CitiPower 176,650,446 (10,095,888)
Proceeds - Sale of Seeboard 940,578,524 (106,904,116)
Proceeds - Sale of REPHOLDCOS 145,578,820 7,137,300
Proceeds - Sales of Property 33,527,792 (61,270,567) 0
Other Investing Activities (511,445) 0
---------------- ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (422,298,354) (259,887,115) 188,238,267 (79,796,000)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent (53,848) 58,614,375
Common Stock 656,233,186 0 656,233,186
Cumulative Preferred Stock 0 0
Long-term Debt 3,227,019,798 57,277,257 369,048,650
Change in Money Pool 18,305,529 220,214,888 995,817,358 295,167,172
Short-term Debt (net) (847,063,777) (1,349,645,568) (1,195,313,079)
---------------- ------------------ ------------------ ------------------
Total Issuances 3,054,440,888 (1,013,539,048) 825,786,115 295,167,172
Cash Paid To Retire:
Cumulative Preferred Stock (10,435,949) 0
Long-term Debt (2,515,967,552) 19,938,522 (2,000,000)
Long-term Debt - Affiliated Cos. 0 0
---------------- ------------------ ------------------ ------------------
Total Retirements (2,526,403,501) 19,938,522 0 (2,000,000)
Dividends Paid on Common Stock (793,716,857) 1,027,793,769 (793,716,857)
Dividends Paid on Preferred Stock 3,179,174 10,872,699
---------------- ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (262,500,296) 45,065,942 32,069,258 293,167,172
---------------- ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES (3,544,809) (89,835,923)
NET INCREASE (DECREASE) IN CASH 988,829,613 98,362,995 927,400,106 283,409
CASH AT BEGINNING OF PERIOD 223,875,163 (108,362,988) 79,265,221 2,714,973
---------------- ------------------ ------------------ ------------------
CASH AT END OF PERIOD 1,212,704,776 (9,999,993) 1,006,665,327 2,998,382
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 791,976,019 (79,400) 186,401,215 5,822,275
Income Taxes (State & Federal) 336,358,280 0 (15,504,000) (56,538,000)
NONCASH INVESTING ACTIVITIES: 0
Utility Assets - Capital Leases 1,218,162 0 0 0
NonUtility Assets - Capital Leases 4,783,604 0 0 4,783,604
Total Capital Leases 6,001,766 0 0 4,783,604
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
POLR CONSOL. AEP POOL AEPPRO SERV AEPPM
----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income (176,649) 0 9,385,833 (166)
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 0 0 76,238 0
Prov for Def Income Taxes (net) 0 0 (6,749,301) 0
Def Invest Tax Credits (net) 0 0 0 0
Transitional Impairment of Goodwill 0 0 0 0
Discontinued Operations 0 0 0 0
Impairment Losses 0 0 0
Equity/Undist. Subs. Earnings 0 0 0 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (7,621,436) 0 (1,305,626) 0
Accounts Receivable - Assoc. Cos. (641,703) 0 (7,206,078) (99)
Fuel, Materials and Supplies 0 0 (86,096) 0
Accrued Utility Revenues (481,476) 0 0 0
Prepayments 0 0 (317,991) 0
Other Current Assets (Ex. Energy Trad.) 0 0 0 0
Accounts Payable - General 341,773 0 1,224,585 0
Accounts Payable - Assoc. Cos. 265,216 0 8,210,414 353
Customer Deposits 2,322,535 0 0 0
Taxes Accrued (29,520) 0 (2,074,192) (4)
Interest Accrued 145,549 0 (107,084) 0
Obligations Under Cap. Leases - Curr. 0 0 0 0
Other Current Liab. (Ex. Energy Trad.) 48,850 0 (2,893,606) 0
Mark-to-Market Energy (Schedule 2) 0 0 0 0
Over/Under Fuel Recovery 0 0 0 0
Increase in Other Assets (Schedule 1) 41 0 101,352,653 (84)
Increase in Other Liabilities (Schedule 1) 77,302 0 (119,412,898) 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING (5,749,518) 0 (19,903,149) 0
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (7,934) 0 (1,336,995) 0
Other Construction Expenditures 0 0 0
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures (7,934) 0 (1,336,995) 0
AFUDC - Equity 0 0 0
------------------ ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (7,934) 0 (1,336,995) 0
Invest in Subs - Equity & Debt
Proceeds - Sale of CitiPower
Proceeds - Sale of Seeboard
Proceeds - Sale of REPHOLDCOS
Proceeds - Sales of Property 0 0 0 0
Other Investing Activities 5,000,000
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (7,934) 0 3,663,005 0
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 0
Common Stock
Cumulative Preferred Stock 0 0
Long-term Debt
Change in Money Pool 4,788,016 16,803,714
Short-term Debt (net) 0 0 0 0
------------------ ------------------ ------------------ ------------------
Total Issuances 4,788,016 0 16,803,714 0
Cash Paid To Retire:
Cumulative Preferred Stock 0
Long-term Debt
Long-term Debt - Affiliated Cos. 0 0 0 0
------------------ ------------------ ------------------ ------------------
Total Retirements 0 0 0 0
Dividends Paid on Common Stock 0 0 0 0
Dividends Paid on Preferred Stock
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING 4,788,016 0 16,803,714 0
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES
NET INCREASE (DECREASE) IN CASH (969,436) 0 563,570 0
CASH AT BEGINNING OF PERIOD 0 0 332,361 0
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD (969,436) 0 895,931 0
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 19,048 0 143,971 0
Income Taxes (State & Federal) (65,000) 0 13,496,000 50
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 0 0 0
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
AEGCO AEPES CCCo AEPT&DSVC
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 7,552,188 (125,718,160) 0 (49,860)
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 22,560,463 1,305,315 0 0
Prov for Def Income Taxes (net) (5,027,789) (147,136,923) 2,043 (654)
Def Invest Tax Credits (net) (3,361,478) 0 0
Transitional Impairment of Goodwill 0 0 0 0
Discontinued Operations 0 0 0 0
Impairment Losses 0 0
Equity/Undist. Subs. Earnings 0 (16,375) 0 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) 147,442 152,834,581 1,393 39,494
Accounts Receivable - Assoc. Cos. 3,890,058 417,702,189 (11,666) (2,112)
Fuel, Materials and Supplies (5,450,219) (66,131,526) 0 0
Accrued Utility Revenues 0 0 0 0
Prepayments 243,834 (2,514,116) 0 0
Other Current Assets (Ex. Energy Trad.) 0 (98,208,796) 0 0
Accounts Payable - General (7,556,447) (154,337,019) 0 (2,265)
Accounts Payable - Assoc. Cos. 14,252,688 (438,402,703) 16,539 23,111
Customer Deposits 0 7,519,062 0
Taxes Accrued (2,449,815) (60,478,167) 16,881 (56,496)
Interest Accrued (27,347) 24,450 0 (1,022)
Obligations Under Cap. Leases - Curr. (37,691) (349,504) 0 0
Other Current Liab. (Ex. Energy Trad.) 0 (4,067,843) 0 (156,813)
Mark-to-Market Energy (Schedule 2) 0 345,592,133 0 0
Over/Under Fuel Recovery 0 0 0 0
Increase in Other Assets (Schedule 1) (11,520,377) (13,584,523) (48,060) 219,865
Increase in Other Liabilities (Schedule 1) (1,735,865) (15,432,822) 85,174 855
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 11,479,645 (201,400,747) 62,304 14,103
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (5,298,196) (22,726,765) 0 (22,161)
Other Construction Expenditures 0 (1,423,863)
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures (5,298,196) (24,150,628) 0 (22,161)
AFUDC - Equity 0 0
------------------ ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (5,298,196) (24,150,628) 0 (22,161)
Invest in Subs - Equity & Debt
Proceeds - Sale of CitiPower
Proceeds - Sale of Seeboard
Proceeds - Sale of REPHOLDCOS
Proceeds - Sales of Property 0 0
Other Investing Activities
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (5,298,196) (24,150,628) 0 (22,161)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 0
Common Stock
Cumulative Preferred Stock
Long-term Debt
Change in Money Pool (4,014,669) 234,223,237 (83,250) 8,120
Short-term Debt (net) 0 0 0
------------------ ------------------ ------------------ ------------------
Total Issuances (4,014,669) 234,223,237 (83,250) 8,120
Cash Paid To Retire:
Cumulative Preferred Stock
Long-term Debt
Long-term Debt - Affiliated Cos.
------------------ ------------------ ------------------ ------------------
Total Retirements 0 0 0 0
Dividends Paid on Common Stock (3,150,000) 0 0
Dividends Paid on Preferred Stock
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (7,164,669) 234,223,237 (83,250) 8,120
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES (87,086)
NET INCREASE (DECREASE) IN CASH (983,220) 8,584,776 (20,946) 62
CASH AT BEGINNING OF PERIOD 983,220 910,000 20,946 0
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 0 9,494,776 0 62
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 2,019,233 4,406,606 0 8,011
Income Taxes (State & Federal) 7,884,300 146,589,000 29,200 31,000
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 0 0 0
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
IFRI FRECo AEPRELLC AEP COAL
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 0 (31,065) (38,647,100)
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 0 9,856,895
Prov for Def Income Taxes (net) 0 0 0 1,620,460
Def Invest Tax Credits (net) 0
Transitional Impairment of Goodwill 0 0 0 0
Discontinued Operations 0 0 0 0
Impairment Losses 0 38,938,555
Equity/Undist. Subs. Earnings 0 0 0 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) 0 412 129,140 7,469,470
Accounts Receivable - Assoc. Cos. 5 (213,464) (303,148) (2,355,357)
Fuel, Materials and Supplies 0 0 0 777,590
Accrued Utility Revenues 0 0 0 0
Prepayments 0 0 0 (255,548)
Other Current Assets (Ex. Energy Trad.) 0 0 0 (742,116)
Accounts Payable - General 0 0 (38,802) 442,061
Accounts Payable - Assoc. Cos. (11,208) (21,431) (7,741) 1,327,721
Customer Deposits 0 0 0 0
Taxes Accrued (55) (281) 123,930 (900,832)
Interest Accrued (92) 0 (611) (291,367)
Obligations Under Cap. Leases - Curr. 0 0 0 0
Other Current Liab. (Ex. Energy Trad.) 4,676 (28,113) (97,957) 1,505,949
Mark-to-Market Energy (Schedule 2) 0 0 0 0
Over/Under Fuel Recovery 0 0 0 0
Increase in Other Assets (Schedule 1) 411 6,736 7,392 2,071,460
Increase in Other Liabilities (Schedule 1) 0 (1,684) 0 5,690,761
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING (6,263) (257,825) (218,862) 26,508,602
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant 0 (15,280,826)
Other Construction Expenditures
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures 0 0 0 (15,280,826)
AFUDC - Equity 0
------------------ ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds 0 0 0 (15,280,826)
Invest in Subs - Equity & Debt
Proceeds - Sale of CitiPower
Proceeds - Sale of Seeboard
Proceeds - Sale of REPHOLDCOS
Proceeds - Sales of Property
Other Investing Activities 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING 0 0 0 (15,280,826)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 0
Common Stock
Cumulative Preferred Stock
Long-term Debt
Change in Money Pool 6,263 257,825 218,777 (12,885,554)
Short-term Debt (net) 0 (3,081,179)
------------------ ------------------ ------------------ ------------------
Total Issuances 6,263 257,825 218,777 (15,966,733)
Cash Paid To Retire:
Cumulative Preferred Stock
Long-term Debt
Long-term Debt - Affiliated Cos.
------------------ ------------------ ------------------ ------------------
Total Retirements 0 0 0 0
Dividends Paid on Common Stock 0
Dividends Paid on Preferred Stock
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING 6,263 257,825 218,777 (15,966,733)
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES
NET INCREASE (DECREASE) IN CASH 0 0 (85) (4,738,957)
CASH AT BEGINNING OF PERIOD 120,139 662,205 85 8,964,419
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 120,139 662,205 0 4,225,462
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 0 0 0 2,006,650
Income Taxes (State & Federal) 0 0 (148,000) (3,046,000)
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 0 0 0
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
APCO CONSOL. CSPCO CONSOL. I&M CONSOL. KEPCO
----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 205,492,113 181,173,555 73,992,466 20,567,364
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 189,334,690 131,752,937 168,070,188 33,233,073
Prov for Def Income Taxes (net) 16,776,735 23,291,708 (16,921,000) 9,839,000
Def Invest Tax Credits (net) (4,636,845) (3,269,987) (7,739,997) (1,239,956)
Transitional Impairment of Goodwill 0 0 0
Discontinued Operations 0
Impairment Losses 112,018 1,373,509 1,435,463 3,830,153
Equity/Undist. Subs. Earnings 0 0 0 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (6,754,862) 6,142,470 8,789,677 5,674,941
Accounts Receivable - Assoc. Cos. (76,657,293) (10,134,780) (111,072,852) (15,101,020)
Fuel, Materials and Supplies 3,015,423 (6,179,768) (7,854,492) 881,335
Accrued Utility Revenues (40,162) (5,584,252) (4,439,650) 93,302
Prepayments (1,120,723) (484,079) (862,813) (79,913)
Other Current Assets (Ex. Energy Trad.) (9,268,559) (7,244,500) (689,425) (589,409)
Accounts Payable - General (19,361,881) 29,047,359 38,282,480 14,847,427
Accounts Payable - Assoc. Cos. 47,167,232 (2,098,519) 49,651,645 29,681,427
Customer Deposits 13,008,420 8,834,893 7,390,747 3,587,895
Taxes Accrued (26,401,965) (4,192,242) 1,798,051 (11,558,113)
Interest Accrued 666,700 (1,108,178) 789,871 1,202,116
Obligations Under Cap. Leases - Curr. (2,758,260) (1,868,298) (2,611,416) (2,334,506)
Other Current Liab. (Ex. Energy Trad.) 6,982,844 (10,176,376) 10,931,851 4,570,896
Mark-to-Market Energy (Schedule 2) (21,151,334) (16,666,752) (9,516,751) (12,267,371)
Over/Under Fuel Recovery 6,365,241 0 37,501,000 2,998,128
Increase in Other Assets (Schedule 1) (41,625,738) (25,145,925) (15,543,993) (25,094,113)
Increase in Other Liabilities (Schedule 1) 1,566,292 9,537,961 6,854,015 9,580,024
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 280,710,086 297,000,736 228,235,065 72,322,680
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (276,549,399) (136,799,616) (167,484,000) (178,700,453)
Other Construction Expenditures
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures (276,549,399) (136,799,616) (167,484,000) (178,700,453)
AFUDC - Equity
------------------ ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (276,549,399) (136,799,616) (167,484,000) (178,700,453)
Invest in Subs - Equity & Debt 0
Proceeds - Sale of CitiPower
Proceeds - Sale of Seeboard
Proceeds - Sale of REPHOLDCOS
Proceeds - Sales of Property 1,073,832 729,762 1,758,907 216,898
Other Investing Activities 0 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (275,475,567) (136,069,854) (165,725,093) (178,483,555)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 200 125,000,000 50,000,000
Common Stock
Cumulative Preferred Stock
Long-term Debt 647,401,000 160,000,000 288,732,300 274,964,000
Change in Money Pool (252,611,541) (212,641,000) (144,917,000) (42,813,745)
Short-term Debt (net) 290,000,000
------------------ ------------------ ------------------ ------------------
Total Issuances 394,789,659 237,359,000 268,815,300 282,150,255
Cash Paid To Retire:
Cumulative Preferred Stock (600) (10,000,000) (425,002)
Long-term Debt (315,006,878) (333,342,500) (340,000,000) (154,500,000)
Long-term Debt - Affiliated Cos.
------------------ ------------------ ------------------ ------------------
Total Retirements (315,007,478) (343,342,500) (340,425,002) (154,500,000)
Dividends Paid on Common Stock (92,952,157) (65,300,367) (21,132,092)
Dividends Paid on Preferred Stock (1,442,528) (525,000) (4,467,259)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (14,612,504) (171,808,867) (76,076,961) 106,518,163
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES
NET INCREASE (DECREASE) IN CASH (9,377,985) (10,877,985) (13,566,989) 357,288
CASH AT BEGINNING OF PERIOD 13,662,996 12,357,347 16,804,250 1,946,366
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 4,285,011 1,479,362 3,237,261 2,303,654
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 111,528,000 53,513,775 89,983,748 25,176,288
Income Taxes (State & Federal) 125,119,800 117,591,600 60,523,000 13,040,500
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 1 (120) 22,021
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 1 (120) 22,021
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
KGPCO OPCO WPCO AEPINV CONSOL.
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 4,459,978 220,023,426 4,387,101 (19,580,427)
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 3,372,108 248,557,189 4,171,434 28,832
Prov for Def Income Taxes (net) 1,029,855 46,010,597 (1,355,010) (8,440,160)
Def Invest Tax Credits (net) (72,430) (3,177,237) (38,392) 4,971,154
Transitional Impairment of Goodwill
Discontinued Operations
Impairment Losses 4,438 1,757,000 277,314 10,288,670
Equity/Undist. Subs. Earnings 0 0 0 4,409,611
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (1,002,410) 15,633,692 (1,166,426) 82,411
Accounts Receivable - Assoc. Cos. (1,344,308) (1,062,529) (538,171) 38,093
Fuel, Materials and Supplies 26,973 702,912 (36,620) 0
Accrued Utility Revenues (115,839) 3,080,520 465,088 0
Prepayments 73,962 (594,433) (7,686) 0
Other Current Assets (Ex. Energy Trad.) (291,236) (9,091,997) (408,142) 0
Accounts Payable - General (107,211) 9,817,857 (186,908) 25,000
Accounts Payable - Assoc. Cos. 11,417,613 (1,114,263) 2,950,703 113,764
Customer Deposits 631,818 7,516,541 427,191 0
Taxes Accrued (1,086,462) (14,992,711) (761,162) 684,124
Interest Accrued 66,592 1,130,342 (10,755) (11,138)
Obligations Under Cap. Leases - Curr. 1,843 (2,044,715) (73,487) 0
Other Current Liab. (Ex. Energy Trad.) 115,290 (9,543,434) 486,499 64,320
Mark-to-Market Energy (Schedule 2) 0 (28,692,712) 0 0
Over/Under Fuel Recovery 0 0 0 0
Increase in Other Assets (Schedule 1) (884,962) (12,776,304) 6,195,326 4,152,621
Increase in Other Liabilities (Schedule 1) (172,420) 7,834,057 458,202 (1,753,211)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 16,123,192 478,973,798 15,236,099 (4,926,336)
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (4,148,432) (354,796,650) (5,172,656) (84,903)
Other Construction Expenditures
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures (4,148,432) (354,796,650) (5,172,656) (84,903)
AFUDC - Equity
------------------ ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (4,148,432) (354,796,650) (5,172,656) (84,903)
Invest in Subs - Equity & Debt (5,207,329)
Proceeds - Sale of CitiPower
Proceeds - Sale of Seeboard
Proceeds - Sale of REPHOLDCOS
Proceeds - Sales of Property 153,851 6,498,625
Other Investing Activities 0 2,579,700
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (3,994,581) (348,298,025) (5,172,656) (2,712,532)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 0 3,543,330
Common Stock
Cumulative Preferred Stock
Long-term Debt
Change in Money Pool (10,703,200) (170,234,075) (7,963,813) 4,102,539
Short-term Debt (net) 275,000,000
------------------ ------------------ ------------------ ------------------
Total Issuances (10,703,200) 104,765,925 (7,963,813) 7,645,869
Cash Paid To Retire:
Cumulative Preferred Stock
Long-term Debt (140,000,000)
Long-term Debt - Affiliated Cos.
------------------ ------------------ ------------------ ------------------
Total Retirements 0 (140,000,000) 0 0
Dividends Paid on Common Stock (1,961,973) (97,745,885) (2,298,015)
Dividends Paid on Preferred Stock (1,258,738)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (12,665,173) (134,238,698) (10,261,828) 7,645,869
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES
NET INCREASE (DECREASE) IN CASH (536,562) (3,562,925) (198,385) 7,001
CASH AT BEGINNING OF PERIOD 472,053 8,847,678 302,627 0
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD (64,509) 5,284,753 104,242 7,001
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 1,527,475 81,040,837 1,412,627 160,236
Income Taxes (State & Federal) 2,119,000 105,058,200 5,266,000 (4,790,000)
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 105,899 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 105,899 0 0
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
AEPR CONSOL. AEPCOMM CONSOL. CSW CONSOL. AEP C&I CONSOL.
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income (686,110,663) (108,241,634) (229,565,876) 8,650,211
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 77,357,359 4,824,126 532,736,616 22,224
Prov for Def Income Taxes (net) (108,664,505) (42,066,723) 27,658,791 (5,320,399)
Def Invest Tax Credits (net) 0 (12,792,939)
Transitional Impairment of Goodwill 323,000,000
Discontinued Operations
Impairment Losses 794,818,074 141,330,000 605,511,258 3,000,000
Equity/Undist. Subs. Earnings 1,441,743 19,904,008 (88,130,624) 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (71,473,284) 8,123,068 7,250,282 (18,459,760)
Accounts Receivable - Assoc. Cos. 214,404,141 (9,671,263) (172,158,415) (13,006,438)
Fuel, Materials and Supplies (6,358,432) (1,110,570) 2,880,702 (10,107)
Accrued Utility Revenues (200,625,102) 0 664,419 (14,152,235)
Prepayments (32,346,101) (1,284,891) 21,089,757 0
Other Current Assets (Ex. Energy Trad.) (13,700,971) 84,832 (225,094,497) 0
Accounts Payable - General 129,293,252 4,022,643 (212,077,538) 4,101,985
Accounts Payable - Assoc. Cos. (995,277,971) 6,919,378 122,705,108 15,629,834
Customer Deposits (140,311) 1,300 (101,001,113) 707,942
Taxes Accrued 45,534,492 (1,227,666) (122,238,007) 1,537,123
Interest Accrued 720,797 (160,117) 11,890,382 154,344
Obligations Under Cap. Leases - Curr. (29,311) (83,849) 117,000 0
Other Current Liab. (Ex. Energy Trad.) 71,560,975 (212,638) 10,935,688 (202,946)
Mark-to-Market Energy (Schedule 2) (12,024,891) 0 (70,324,332) 0
Over/Under Fuel Recovery 0 0 (40,537,936) 0
Increase in Other Assets (Schedule 1) (49,846,686) 11,536,566 (71,777,811) (3,819,982)
Increase in Other Liabilities (Schedule 1) 42,391,556 (30,125,140) (3,493,897) (172,892)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING (799,075,839) 2,561,430 317,247,018 (21,341,096)
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (65,814,773) (12,027,292) (412,153,965) (31,688)
Other Construction Expenditures
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures (65,814,773) (12,027,292) (412,153,965) (31,688)
AFUDC - Equity
------------------ ------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (65,814,773) (12,027,292) (412,153,965) (31,688)
Invest in Subs - Equity & Debt (75,810,664) 14,765,489
Proceeds - Sale of CitiPower 186,746,334
Proceeds - Sale of Seeboard 1,047,482,640
Proceeds - Sale of REPHOLDCOS 138,441,520
Proceeds - Sales of Property 84,366,484
Other Investing Activities (10,024,627) 4,460,153 (2,526,671)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING 110,906,934 (12,027,292) 786,786,168 12,207,130
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 606,502,069 (3,743,330) (840,647,491)
Common Stock
Cumulative Preferred Stock
Long-term Debt 143,089,175 1,183,798,897
Change in Money Pool (270,577,483) 63,020,657 (531,217,178) 9,379,004
Short-term Debt (net) 438,388,624 (50,000,000) 747,587,425
------------------ ------------------ ------------------ ------------------
Total Issuances 917,402,385 9,277,327 559,521,653 9,379,004
Cash Paid To Retire:
Cumulative Preferred Stock (10,347)
Long-term Debt (250,849,187) (275,200) (999,932,309)
Long-term Debt - Affiliated Cos.
------------------ ------------------ ------------------ ------------------
Total Retirements (250,849,187) (275,200) (999,942,656) 0
Dividends Paid on Common Stock (743,253,280)
Dividends Paid on Preferred Stock
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING 666,553,198 9,002,127 (1,183,674,283) 9,379,004
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES 86,378,200
NET INCREASE (DECREASE) IN CASH (21,615,707) (463,735) 6,737,103 245,038
CASH AT BEGINNING OF PERIOD 60,969,676 95,691 122,760,698 45,200
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 39,353,969 (368,044) 129,497,801 290,238
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 121,371,521 12,590,342 297,430,907 517,039
Income Taxes (State & Federal) (146,754,300) (11,753,000) 25,232,930 9,426,000
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 1,090,361 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 1,090,361 0 0
American Electric Power Co. and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
---------------------------------------------------------------------------------------------------------------
DESERT SKY CONSOL. I DESERT SKY CONSOL. II MUTUAL CONSOL.
---------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 8,139,771 (6,703,266) 1,197,208
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 8,851,992 2,089,015
Prov for Def Income Taxes (net) 29,550,791 (2,416,926) 2,757,856
Def Invest Tax Credits (net)
Transitional Impairment of Goodwill
Discontinued Operations
Impairment Losses
Equity/Undist. Subs. Earnings 0 0 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (1,245,471) (3,518,977)
Accounts Receivable - Assoc. Cos. (100,320) (263,951)
Fuel, Materials and Supplies 0 0 (2,370,858)
Accrued Utility Revenues 0 0 (755,273)
Prepayments 0 (1,947,009) 0
Other Current Assets (Ex. Energy Trad.) 0 0 (468,511)
Accounts Payable - General 0 258,281 5,133,347
Accounts Payable - Assoc. Cos. 253,692 1,143,314 (3,551,996)
Customer Deposits 0 0 0
Taxes Accrued 10,628,602 0 5,193,831
Interest Accrued 0 814,244 (6,174)
Obligations Under Cap. Leases - Curr. 0 0 0
Other Current Liab. (Ex. Energy Trad.) 0 (5,195,013) 501,083
Mark-to-Market Energy (Schedule 2) 0 0 (227,150)
Over/Under Fuel Recovery 0 0 0
Increase in Other Assets (Schedule 1) (565,081) (111,918) 7,229,583
Increase in Other Liabilities (Schedule 1) (6,748,152) 9,165,078 29,841,398
------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 41,159,303 2,613,306 42,780,431
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (13,517) (4,172,506) (7,511,820)
Other Construction Expenditures
------------------ ------------------ ------------------
Total Construction Expenditures (13,517) (4,172,506) (7,511,820)
AFUDC - Equity
------------------ ------------------ ------------------
Cash Used Plant & Prop. Adds (13,517) (4,172,506) (7,511,820)
Invest in Subs - Equity & Debt
Proceeds - Sale of CitiPower
Proceeds - Sale of Seeboard
Proceeds - Sale of REPHOLDCOS
Proceeds - Sales of Property
Other Investing Activities 0 0
------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (13,517) (4,172,506) (7,511,820)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 0 676,999
Common Stock
Cumulative Preferred Stock
Long-term Debt 102,708,519
Change in Money Pool (41,145,786) (88,466,147) (35,427,600)
Short-term Debt (net)
------------------ ------------------ ------------------
Total Issuances (41,145,786) 14,919,371 (35,427,600)
Cash Paid To Retire:
Cumulative Preferred Stock
Long-term Debt
Long-term Debt - Affiliated Cos.
------------------ ------------------ ------------------
Total Retirements 0 0 0
Dividends Paid on Common Stock
Dividends Paid on Preferred Stock
------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (41,145,786) 14,919,371 (35,427,600)
------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES
NET INCREASE (DECREASE) IN CASH 0 13,360,171 (158,989)
CASH AT BEGINNING OF PERIOD 0 0 0
------------------ ------------------ ------------------
CASH AT END OF PERIOD 0 13,360,171 (158,989)
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 5,011,157 1,920,271 550,874
Income Taxes (State & Federal) (15,000) (49,136,000) (7,299,000)
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0
NonUtility Assets - Capital Leases 0 0 0
Total Capital Leases 0 0 0
Central & Southwest Corporation and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
CSW CONS. ELIM & ADJ CSW CORP. SEEBOARD
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income (229,565,876) 219,560,010 (230,348,719) (226,474,946)
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 532,736,616 (13,047) 281,136 32,862,782
Prov for Def Income Taxes (net) 27,658,791 22,882,769 (7,283,082) 0
Def Invest Tax Credits (net) (12,792,939) 0 0 0
Transitional Impairment of Goodwill 323,000,000 0 323,000,000
Discontinued Operations (24,000,000) 0 (24,000,000)
Impairment Losses 629,511,258 (3,390,905) 0 0
Equity/Undist. Subs. Earnings (88,130,624) (787,768,640) 713,983,879 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) 7,250,282 118,363,643 (2,056) 194,901,680
Accounts Receivable - Assoc. Cos. (172,158,415) (255,777,778) 30,359,582 (11,098,577)
Fuel, Materials & Supplies 2,880,702 9,330,006 0 18,205,006
Accrued Utility Revenues 664,419 35,879,172 0
Prepayments 21,089,757 195,475 (1,418,280) 21,417,734
Other Current Assets(Exc. Energy Trad.) (225,094,497) (222,489,474)
Accounts Payable - General (212,077,538) 66,127,000 (358,756) (239,558,433)
Accounts Payable - Assoc. Cos. 122,705,108 (4,746,772) 4,209,657 42,486,467
Customer Deposits (101,001,113) (72,445,965)
Taxes Accrued (122,238,007) 1,151,123 15,358,612 (9,181,480)
Interest Accrued 11,890,382 1,308,096 1,590,526 (16,534,163)
Obligations Under Cap. Leases - Curr. 117,000 0 0
Other Current Liab.(Exc. Energy Trad.) 10,935,688 799,575 (33,739,768)
Mark-to-Market Energy (Schedule 2) (70,324,332) (65,378,423) 0 0
Over/Under Fuel Recovery (40,537,936) (3,685,397) 0 0
Increase in Other Assets (Schedule 1) (71,777,811) 43,807,500 3,834,222 52,921,290
Increase in Other Liabilities (Schedule 1) (3,493,897) 142,122,552 (75,084,215) (77,044,924)
---------------- ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 317,247,018 (460,033,616) 455,922,081 (246,772,771)
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (412,153,965) 143,490 (992,105) 0
Other Construction Expenditures 0
---------------- ------------------ ------------------ ------------------
Total Construction Expenditures (412,153,965) 143,490 (992,105) 0
AFUDC - Equity 0 0
---------------- ------------------ ------------------ ------------------
Cash Used Construction Expenditures (412,153,965) 143,490 (992,105) 0
Invest in Subs - Equity & Debt (75,810,664) (1,279,465,114) 1,199,699,882
Proceeds - Sales of Property 84,366,484 (651,863,022) 0
Proceeds - Sale of Rep hld. Co. 138,441,520 0
Proceeds - Sale of Seeboard 1,047,482,640 0 1,047,482,640
Other Investing Activities 4,460,153 0
---------------- ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING 786,786,168 (1,931,184,646) 1,198,707,777 1,047,482,640
CASH FLOWS - FINANCING ACTIVITIES: (137,230,441)
Proceeds from Issuances of:
Capital Contributions from Parent (840,647,491) 1,529,705,752 (840,647,491) (828,999,000)
Common Stock 0 386,005,000 0
Cumulative Preferred Stock 0 0 0
Long-term Debt 1,183,798,897 41,000 0
Change in Money Pool (531,217,178) 13,785,779 (70,724,231) (93,578,839)
Short-term Debt (net) 747,587,425 0 0
---------------- ------------------ ------------------ ------------------
Total Issuances 559,521,653 1,929,537,531 (911,371,722) (922,577,839)
CASH FLOWS - FINANCING ACTIVITIES:
Cash Paid To Retire:
Cumulative Preferred Stock (10,347) (4,000) 0 0
Long-term Debt (999,932,309) 26,953,870 0 0
Long-term Debt - Affiliated Cos. 0 0 0
---------------- ------------------ ------------------ ------------------
Total Retirements (999,942,656) 26,949,870 0 0
Dividends Paid on Common Stock (743,253,280) 433,930,577 (743,253,280) (53,482,776)
Dividends Paid on Preferred Stock 0 786,825 0 0
---------------- ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (1,183,674,283) 2,391,204,803 (1,654,625,002) (976,060,615)
---------------- ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES 86,378,200 0 86,378,200
NET INCREASE (DECREASE) IN CASH 6,737,103 (13,459) 4,856 (88,972,546)
CASH AT BEGINNING OF PERIOD 122,760,698 13,462 0 88,975,003
---------------- ------------------ ------------------ ------------------
CASH AT END OF PERIOD 129,497,801 3 4,856 2,457
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 297,430,907 (783,498) (1,327,616) 54,224,262
Income Taxes (State & Federal) 25,232,930 (117,108,000) 6,429,930 0
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0
Total Capital Leases 0 0 0 0
Central & Southwest Corporation and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
AEP CREDIT ENERSHOP CSW LEASING AEP TEXAS CENTRAL
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 8,307,730 (1,892,760) 198,271 275,940,655
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 0 113,650 0 214,162,039
Prov for Def Income Taxes (net) (1,650,857) 3,912 (2,716,273) 113,655,000
Def Invest Tax Credits (net) 0 0 0 (5,206,908)
Transitional Impairment of Goodwill 0 0 0 0
Discontinued Operations 0 0 0 0
Impairment Losses 0 0 0 0
Equity/Undist. Subs. Earnings 0 0 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) 17,044,482 (101,669) 0 (163,680,087)
Accounts Receivable - Assoc. Cos. 138,397,667 (21,274) (377) (26,319,036)
Fuel, Materials & Supplies 0 0 0 (4,899,000)
Accrued Utility Revenues 0 0 (27,150,000)
Prepayments 662,500 2,989 0 465,437
Other Current Assets(Exc. Energy Trad.) 31,304 (121,243)
Accounts Payable - General (61,771,878) (260,483) 0 35,933,631
Accounts Payable - Assoc. Cos. 1,113,115 14,112 (6,124) (42,100,286)
Customer Deposits 0 0 0 (26,078,744)
Taxes Accrued (2,136,897) 7,567 (22,805,066) (58,721,000)
Interest Accrued (2,388,492) (13,731) 0 27,490,000
Obligations Under Cap. Leases - Curr. 0 0 0 0
Other Current Liab.(Exc. Energy Trad.) 0 (103,682) 0 8,763,739
Mark-to-Market Energy (Schedule 2) 0 0 0 (1,558,000)
Over/Under Fuel Recovery 0 0 0 16,455,000
Increase in Other Assets (Schedule 1) 0 387,219 0 (228,138,793)
Increase in Other Liabilities (Schedule 1) (21,558,906) (34,646) 0 38,600,658
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 76,018,464 (1,867,492) (25,329,569) 147,493,062
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant 0 0 0 (151,645,000)
Other Construction Expenditures 0 0 0
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures 0 0 0 (151,645,000)
AFUDC - Equity 0 0 0 0
------------------ ------------------ ------------------ ------------------
Cash Used Construction Expenditures 0 0 0 (151,645,000)
Invest in Subs - Equity & Debt 0 0
Proceeds - Sales of Property 0 38,022 3,584,583 143,052
Proceeds - Sale of Rep hld. Co.
Proceeds - Sale of Seeboard
Other Investing Activities 65,777 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING 0 103,799 3,584,583 (151,501,948)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent (37,351,227) 0 25,621,871
Common Stock 0 0 (386,005,000)
Cumulative Preferred Stock 0 0 0
Long-term Debt 0 797,334,897
Change in Money Pool (21,239,344) 1,732,063 0 (227,566,000)
Short-term Debt (net) 0 0 0 650,000,000
------------------ ------------------ ------------------ ------------------
Total Issuances (58,590,571) 1,732,063 25,621,871 833,763,897
CASH FLOWS - FINANCING ACTIVITIES:
Cash Paid To Retire:
Cumulative Preferred Stock 0 0 0 (6,000)
Long-term Debt 0 0 0 (639,492,000)
Long-term Debt - Affiliated Cos. 0 0 0 0
------------------ ------------------ ------------------ ------------------
Total Retirements 0 0 0 (639,498,000)
Dividends Paid on Common Stock (17,427,893) 0 (11,046,000) (115,505,462)
Dividends Paid on Preferred Stock 0 0 (241,000)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (76,018,464) 1,732,063 14,575,871 78,519,435
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES 0
NET INCREASE (DECREASE) IN CASH 0 (31,630) (7,169,115) 74,510,549
CASH AT BEGINNING OF PERIOD 0 0 7,213,081 10,909,717
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 0 (31,630) 43,966 85,420,266
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 6,153,755 1,058,197 0 93,120,000
Income Taxes (State & Federal) 3,259,000 0 0 95,600,000
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 0 0 0
Central & Southwest Corporation and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
PSOCo AEP TEXAS NORTH CSW ENERGY SWEPCo CONSOL.
----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income 41,062,241 (13,676,940) (166,993,848) 82,991,773
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 85,896,232 43,619,980 22,127,049 122,969,355
Prov for Def Income Taxes (net) 75,659,245 (12,275,000) (30,846,430) (3,134,254)
Def Invest Tax Credits (net) (1,790,796) (1,270,803) 0 (4,524,432)
Transitional Impairment of Goodwill 0 0 0 0
Discontinued Operations 0 0 0 0
Impairment Losses 0 42,898,000 238,274,743 0
Equity/Undist. Subs. Earnings (10,051,970) 0
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (1,495,781) (51,287,105) (3,181,691) (24,147,723)
Accounts Receivable - Assoc. Cos. (2,241,147) (22,784,315) (21,573,721) (222,845)
Fuel, Materials & Supplies 995,924 (2,754,000) 0 (10,540,916)
Accrued Utility Revenues (6,829,000) 0 0
Prepayments (366,463) (67,308) (537,995) 864,177
Other Current Assets(Exc. Energy Trad.) (37,081) (2,939,603) 0
Accounts Payable - General (11,589,910) 13,006,668 (10,853,655) (6,171,301)
Accounts Payable - Assoc. Cos. 37,219,133 50,754,420 10,055,117 17,804,219
Customer Deposits 747,649 (4,074,539) 229,747
Taxes Accrued (11,296,000) (13,660,756) (19,605,552) (17,441,248)
Interest Accrued (319,010) (3,120,251) (699,770) 4,643,657
Obligations Under Cap. Leases - Curr. 0 117,000 0
Other Current Liab.(Exc. Energy Trad.) 12,740,445 7,589,841 (1,629,050) 11,790,634
Mark-to-Market Energy (Schedule 2) (1,110,814) (1,127,000) 0 (1,150,095)
Over/Under Fuel Recovery (85,189,539) 14,169,000 0 17,713,000
Increase in Other Assets (Schedule 1) 1,076,514 (15,321,614) 3,260,504 19,300,041
Increase in Other Liabilities (Schedule 1) (17,903,537) 14,617,513 3,314,002 (411,581)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING 122,094,386 38,369,710 8,235,130 210,562,208
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant (89,364,762) (43,562,736) (14,712,148) (111,775,352)
Other Construction Expenditures 0 0 0 0
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures (89,364,762) (43,562,736) (14,712,148) (111,775,352)
AFUDC - Equity 0 0 0 0
------------------ ------------------ ------------------ ------------------
Cash Used Construction Expenditures (89,364,762) (43,562,736) (14,712,148) (111,775,352)
Invest in Subs - Equity & Debt 0 0 0
Proceeds - Sales of Property 963,093 150,000 0 1,134,249
Proceeds - Sale of Rep hld. Co.
Proceeds - Sale of Seeboard
Other Investing Activities 0 0 4,394,376 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING (88,401,669) (43,412,736) (10,317,772) (110,641,103)
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent 0 0 0 0
Common Stock 0 0 0 0
Cumulative Preferred Stock 0 0 0 0
Long-term Debt 187,850,000 0 0 198,573,000
Change in Money Pool (36,982,000) 29,958,999 15,660,976 (94,127,716)
Short-term Debt (net) 0 125,000,000 0 0
------------------ ------------------ ------------------ ------------------
Total Issuances 150,868,000 154,958,999 15,660,976 104,445,284
CASH FLOWS - FINANCING ACTIVITIES:
Cash Paid To Retire:
Cumulative Preferred Stock (347) 0 0 0
Long-term Debt (106,000,000) (130,799,179) 0 (150,595,000)
Long-term Debt - Affiliated Cos. 0 0 0 0
------------------ ------------------ ------------------ ------------------
Total Retirements (106,000,347) (130,799,179) 0 (150,595,000)
Dividends Paid on Common Stock (67,367,939) (20,247,024) 0 (56,888,820)
Dividends Paid on Preferred Stock (212,614) (104,157) 0 (229,054)
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (22,712,900) 3,808,639 15,660,976 (103,267,590)
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES 0 0 0 0
NET INCREASE (DECREASE) IN CASH 10,979,817 (1,234,387) 13,578,334 (3,346,485)
CASH AT BEGINNING OF PERIOD 5,794,624 2,453,471 2,354,218 5,415,251
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 16,774,441 1,219,084 15,932,552 2,068,766
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 38,620,000 19,934,000 16,254,551 49,008,000
Income Taxes (State & Federal) (38,943,000) 15,544,000 0 60,451,000
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 0 0 0
Central & Southwest Corporation and Subsidiaries
Consolidated Statement of Cash Flows YTD December 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
CSW INT'L 3-C COMM ESI REP HOLDCO
-----------------------------------------------------------------------------------------------------------------------------------
CASH FLOWS - OPERATING ACTIVITIES:
Consolidated Net Income (193,950,227) (87,917,899) (11,738,030) 75,366,813
Adj. to Recon. N/I to Cash Flow:
Depreciation & Amortization 141,536 9,425,475 1,150,429
Prov for Def Income Taxes (net) (89,354,741) (34,090,976) (3,190,522)
Def Invest Tax Credits (net) 0 0 0
Transitional Impairment of Goodwill 0 0 0
Discontinued Operations 0 0 0
Impairment Losses 244,660,499 104,176,000 0 2,892,921
Equity/Undist. Subs. Earnings (1,916,398) (2,377,495)
Changes in Current Items:
Accounts Receivable - (All but Assoc.) (5,620,993) 175,424 (2,088,670) (71,629,172)
Accounts Receivable - Assoc. Cos. (23,811,066) 354,390 22,311,948 268,134
Fuel, Materials & Supplies 0 (8,113,820) 657,502
Accrued Utility Revenues 0 (1,235,753)
Prepayments (310,861) 161,324 21,028 0
Other Current Assets(Exc. Energy Trad.) 461,600
Accounts Payable - General (342,418) (1,219,428) (558,348) 5,539,773
Accounts Payable - Assoc. Cos. (399,940) 764,880 170,728 5,366,382
Customer Deposits 151,700 469,039
Taxes Accrued 21,759,871 (7,859,544) 3,523,115 (1,330,752)
Interest Accrued (79,455) (31,811) (55,293) 100,079
Obligations Under Cap. Leases - Curr. 0 0 0 0
Other Current Liab.(Exc. Energy Trad.) 3,730 (703,264) 3,568,359 1,855,129
Mark-to-Market Energy (Schedule 2) 0 0 0 0
Over/Under Fuel Recovery 0 0 0 0
Increase in Other Assets (Schedule 1) 31,714,676 (649,220) 16,029,850 0
Increase in Other Liabilities (Schedule 1) 2,595,680 (11,914,929) (791,564) 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) OPERATING (14,910,107) (36,830,098) 26,633,037 17,662,593
CASH FLOWS - INVESTING ACTIVITIES:
Plant & Property Additions:
Construction Expenditures on Utility Plant 0 (245,352) 0
Other Construction Expenditures 0 0 0
------------------ ------------------ ------------------ ------------------
Total Construction Expenditures 0 (245,352) 0 0
AFUDC - Equity 0 0 0
------------------ ------------------ ------------------ ------------------
Cash Used Construction Expenditures 0 (245,352) 0 0
Invest in Subs - Equity & Debt 0 3,954,568 0 0
Proceeds - Sales of Property 713,133,589 16,161,224 921,694
Proceeds - Sale of Rep hld. Co. 138,441,520
Proceeds - Sale of Seeboard 0
Other Investing Activities 0 0 0 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) INVESTING 713,133,589 19,870,440 921,694 138,441,520
CASH FLOWS - FINANCING ACTIVITIES:
Proceeds from Issuances of:
Capital Contributions from Parent (688,977,396) 0 0 0
Common Stock 0 0 0
Cumulative Preferred Stock 0 0 0
Long-term Debt 0 0 0
Change in Money Pool 3,686,774 17,344,483 1,803,624 (70,971,746)
Short-term Debt (net) 0 0 (27,412,575)
------------------ ------------------ ------------------ ------------------
Total Issuances (685,290,622) 17,344,483 (25,608,951) (70,971,746)
CASH FLOWS - FINANCING ACTIVITIES:
Cash Paid To Retire:
Cumulative Preferred Stock 0 0 0
Long-term Debt 0 0 0
Long-term Debt - Affiliated Cos. 0 0 0
------------------ ------------------ ------------------ ------------------
Total Retirements 0 0 0 0
Dividends Paid on Common Stock (11,964,663) 0 0 (80,000,000)
Dividends Paid on Preferred Stock 0 0 0
------------------ ------------------ ------------------ ------------------
NET CASH PROVIDED (USED) FINANCING (697,255,285) 17,344,483 (25,608,951) (150,971,746)
------------------ ------------------ ------------------ ------------------
EFFECT OF EXCHANGE RATE CHANGES 0 0
NET INCREASE (DECREASE) IN CASH 968,197 384,825 1,945,780 5,132,367
CASH AT BEGINNING OF PERIOD 859,431 120,052 (1,044,612) (303,000)
------------------ ------------------ ------------------ ------------------
CASH AT END OF PERIOD 1,827,628 504,877 901,168 4,829,367
CASH PAID DURING THE PERIOD FOR:
Interest (net of ABFUDC) 1,656,255 11,575,757 4,696,363 3,240,881
Income Taxes (State & Federal) 0 0 0 0
NONCASH INVESTING ACTIVITIES:
Utility Assets - Capital Leases 0 0 0 0
NonUtility Assets - Capital Leases 0 0 0 0
Total Capital Leases 0 0 0 0
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
---------------------------------------------------------------------------------------------------------------------------------
AEP AEP
DESCRIPTION CONSOLIDATED ELIMINATIONS AEP AEPSC
---------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 3,296,122,079.90 (3,129,150,987.00) 3,296,122,054.43 0.00
Preferred Stock Dividend Req of Subsidiaries (10,872,699.14) (10,089,859.00) 0.00 0.00
Net Income (Loss) (508,346,816.76) 477,334,110.83 (515,877,274.47) (0.01)
NET INCOME (LOSS) (519,219,515.90) 467,244,251.83 (515,877,274.47) (0.01)
TOTAL 2,776,902,564.00 (2,661,906,735.18) 2,780,244,779.96 0.00
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 (633,449,733.37) 0.00 0.00
Div Declrd - Common - NonAssoc 793,716,857.40 0.00 793,716,857.40 0.00
DIVIDEND DECLARED ON COMMON 793,716,857.40 (633,449,733.37) 793,716,857.40 0.00
Dividends Decl-Preferred Stock 0.00 (7,518,517.97) 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 (7,518,517.97) 0.00 0.00
ADJUSTMENT RETAINED EARNINGS (15,552,325.27) (397,735,751.09) (15,552,351.84) 0.01
TOTAL DEDUCTIONS 778,164,532.13 (1,038,704,002.43) 778,164,505.56 0.01
BALANCE AT END OF PERIOD 1,998,738,032.97 (1,623,202,731.65) 2,002,080,274.40 (0.01)
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
POLR
DESCRIPTION PL CONSOLIDATED AEPPOOL AEPPRO
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 0.00 (1,855.40) 0.00 (4,799,653.66)
Preferred Stock Dividend Req of Subsidiaries 0.00 0.00 0.00 0.00
Net Income (Loss) 0.02 (176,649.47) 0.01 9,385,832.76
NET INCOME (LOSS) 0.02 (176,649.47) 0.01 9,385,832.76
TOTAL 0.02 (178,504.87) 0.01 4,586,179.10
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 0.00 0.00 0.00
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00 0.00
Dividends Decl-Preferred Stock 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 0.00 0.00 0.00
TOTAL DEDUCTIONS 0.00 0.00 0.00 0.00
BALANCE AT END OF PERIOD 0.02 (178,504.87) 0.01 4,586,179.10
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
AEPES CORP
DESCRIPTION AEPPM AEGCO CONSOLIDATED CCCO
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR (373.34) 13,761,108.71 41,786,520.57 0.00
Preferred Stock Dividend Req of Subsidiaries 0.00 0.00 0.00 0.00
Net Income (Loss) (165.93) 7,552,188.38 (125,718,159.86) 0.02
NET INCOME (LOSS) (165.93) 7,552,188.38 (125,718,159.86) 0.02
TOTAL (539.27) 21,313,297.09 (83,931,639.29) 0.02
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 3,150,000.00 0.00 0.00
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 0.00 3,150,000.00 0.00 0.00
Dividends Decl-Preferred Stock 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 (0.00) 0.00 0.00
TOTAL DEDUCTIONS 0.00 3,150,000.00 0.00 0.00
BALANCE AT END OF PERIOD (539.27) 18,163,297.09 (83,931,639.29) 0.02
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION AEPT&DSVC IFRI FRECO AEPRELLC
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR (76,815.33) 0.00 19,968.85 (224,206.86)
Preferred Stock Dividend Req of Subsidiaries 0.00 0.00 0.00 0.00
Net Income (Loss) (49,860.04) 0.00 0.02 (31,064.90)
NET INCOME (LOSS) (49,860.04) 0.00 0.02 (31,064.90)
TOTAL (126,675.37) 0.00 19,968.87 (255,271.76)
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 0.00 0.00 0.00
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00 0.00
Dividends Decl-Preferred Stock 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 0.00 0.00 0.00
TOTAL DEDUCTIONS 0.00 0.00 0.00 0.00
BALANCE AT END OF PERIOD (126,675.37) 0.00 19,968.87 (255,271.76)
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
APCO CSPCO I&M
DESCRIPTION AEPCOAL CONSOLIDATED CONSOLIDATED CONSOLIDATED
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 634,548.00 150,796,650.14 176,102,771.88 74,605,269.75
Preferred Stock Dividend Req of Subsidiaries 0.00
Net Income (Loss) (38,647,100.02) 205,492,112.79 181,173,555.04 73,992,466.85
NET INCOME (LOSS) (38,647,100.02) 205,492,112.79 181,173,555.04 73,992,466.85
TOTAL (38,012,552.02) 356,288,762.93 357,276,326.92 148,597,736.60
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 92,952,157.20 65,300,367.15 0.00
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 0.00 92,952,157.20 65,300,367.15 0.00
Dividends Decl-Preferred Stock 0.00 1,442,521.14 350,000.00 4,467,258.63
DIVIDEND DECLARED ON PREFERRED 0.00 1,442,521.14 350,000.00 4,467,258.63
ADJUSTMENT RETAINED EARNINGS 0.00 1,454,628.58 1,015,380.36 134,311.44
TOTAL DEDUCTIONS 0.00 95,849,306.92 66,665,747.51 4,601,570.07
BALANCE AT END OF PERIOD (38,012,552.02) 260,439,456.01 290,610,579.41 143,996,166.53
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
DESCRIPTION KEPCO KGPCO OPCO WPCO
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 48,833,324.35 5,881,581.13 401,297,351.38 9,813,599.40
Preferred Stock Dividend Req of Subsidiaries 0.00 0.00 0.00
Net Income (Loss) 20,567,364.43 4,459,977.65 220,023,425.49 4,387,100.66
NET INCOME (LOSS) 20,567,364.43 4,459,977.65 220,023,425.49 4,387,100.66
TOTAL 69,400,688.78 10,341,558.78 621,320,776.87 14,200,700.06
DEDUCTIONS:
Div Declrd - Common Stk - Asso 21,132,092.40 1,961,973.00 97,745,884.74 2,298,015.00
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 21,132,092.40 1,961,973.00 97,745,884.74 2,298,015.00
Dividends Decl-Preferred Stock 0.00 0.00 1,258,738.20 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 1,258,738.20 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 0.00 0.00 0.00
TOTAL DEDUCTIONS 21,132,092.40 1,961,973.00 99,004,622.94 2,298,015.00
BALANCE AT END OF PERIOD 48,268,596.38 8,379,585.78 522,316,153.93 11,902,685.06
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
AEPINV AEPR AEP COMM CSW
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR (9,873,548.06) (95,579,409.53) (75,226,305.13) 2,402,749,873.50
Preferred Stock Dividend Req of Subsidiaries 0.00 0.00 0.00 (782,840.14)
Net Income (Loss) (19,580,427.45) (686,110,663.54) (108,241,634.08) (229,565,876.68)
NET INCOME (LOSS) (19,580,427.45) (686,110,663.54) (108,241,634.08) (230,348,716.82)
TOTAL (29,453,975.51) (781,690,073.07) (183,467,939.21) 2,172,401,156.68
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 0.00 0.00 348,909,243.88
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00 348,909,243.88
Dividends Decl-Preferred Stock 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 18.55 6,166,962.62 388,964,475.10
TOTAL DEDUCTIONS 0.00 18.55 6,166,962.62 737,873,718.98
BALANCE AT END OF PERIOD (29,453,975.51) (781,690,091.62) (189,634,901.83) 1,434,527,437.70
AMERICAN ELECTRIC POWER COMPANY, INC.
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------------------------------
AEP C&I DESERT SKY DESERT SKY 2 MUTUAL
DESCRIPTION CONSOLIDATED CONSOLIDATED CONSOLIDATED CONSOLIDATED
-----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR (3,267,095.65) 0.00 0.00 (8,082,292.23)
Preferred Stock Dividend Req of Subsidiaries 0.00 0.00 0.00 0.00
Net Income (Loss) 8,650,211.21 8,139,770.98 (6,703,265.60) 1,197,208.19
NET INCOME (LOSS) 8,650,211.21 8,139,770.98 (6,703,265.60) 1,197,208.19
TOTAL 5,383,115.56 8,139,770.98 (6,703,265.60) (6,885,084.04)
DEDUCTIONS:
Div Declrd - Common Stk - Asso 0.00 0.00 0.00 0.00
Div Declrd - Common - NonAssoc 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00 0.00
Dividends Decl-Preferred Stock 0.00 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 1.00 0.00 0.00 0.00
TOTAL DEDUCTIONS 1.00 0.00 0.00 0.00
BALANCE AT END OF PERIOD 5,383,114.56 8,139,770.98 (6,703,265.60) (6,885,084.04)
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW CSW
DESCRIPTION CONSOLIDATED ELIMINATIONS CSW SEEBOARD
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 2,402,749,873.50 (1,670,619,279.69) 2,408,129,435.40 340,612,956.00
NET INCOME (LOSS) (229,565,876.68) 219,560,010.64 (230,348,718.78) (226,474,946.46)
--------------------- --------------------- --------------------- -----------------
2,173,183,996.82 (1,451,059,269.05) 2,177,780,716.62 114,138,009.54
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 348,909,243.88 (359,345,483.84) 348,909,243.88 8,290,240.00
DIVIDEND DECLARED ON PREFERRED 0.00 (787,210.47) 0.00 0.00
--------------------- --------------------- --------------------- -----------------
348,909,243.88 (360,132,694.31) 348,909,243.88 8,290,240.00
ADJUSTMENT RETAINED EARNINGS 389,747,315.24 (63,890,321.38) 394,344,037.00 45,192,536.05
--------------------- --------------------- --------------------- -----------------
TOTAL DEDUCTIONS 738,656,559.12 (424,023,015.69) 743,253,280.88 53,482,776.05
BALANCE AT END OF PERIOD 1,434,527,437.70 (1,027,036,253.36) 1,434,527,435.74 60,655,233.49
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------
AEP TX CENTRAL
DESCRIPTION AEP CREDIT ENERSHOP CSWL CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 0.00 (17,959,989.37) (33,863,641.04) 826,197,470.29
NET INCOME (LOSS) 8,307,729.55 (1,892,760.35) 198,270.92 275,940,655.03
------------------ ------------------ ------------------ ---------------------
8,307,729.55 (19,852,749.72) (33,665,370.12) 1,102,138,125.32
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 0.00 0.00 11,046,000.00 115,505,461.88
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 241,384.59
------------------ ------------------ ------------------ ---------------------
0.00 0.00 11,046,000.00 115,746,846.47
ADJUSTMENT RETAINED EARNINGS 8,307,729.55 0.00 0.00 (4,115.00)
------------------ ------------------ ------------------ ---------------------
TOTAL DEDUCTIONS 8,307,729.55 0.00 11,046,000.00 115,742,731.47
BALANCE AT END OF PERIOD 0.00 (19,852,749.72) (44,711,370.12) 986,395,393.85
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
CSW INTERNATIONAL CSW ENERGY SVCS REP HOLDCO
DESCRIPTION CONSOLIDATED C3 COMMUNICATIONS CONSOLIDATED CONSOLIDATED
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 21,190,977.00 (95,831,707.98) (47,163,711.95) (1,427,746.05)
NET INCOME (LOSS) (193,950,226.53) (87,917,898.74) (11,738,030.29) 75,366,813.37
--------------------- --------------------- --------------------- -----------------
(172,759,249.53) (183,749,606.72) (58,901,742.24) 73,939,067.32
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00 80,000,000.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00
--------------------- --------------------- --------------------- -----------------
0.00 0.00 0.00 80,000,000.00
ADJUSTMENT RETAINED EARNINGS 11,964,662.69 (6,166,957.62) 0.00 0.00
--------------------- --------------------- --------------------- -----------------
TOTAL DEDUCTIONS 11,964,662.69 (6,166,957.62) 0.00 80,000,000.00
BALANCE AT END OF PERIOD (184,723,912.22) (177,582,649.10) (58,901,742.24) (6,060,932.68)
CENTRAL AND SOUTH WEST CORPORATION
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------------------
CSW ENERGY SWEPCO INT
DESCRIPTION PSO CORPORATION AEP TX NORTH CONSOLIDATED CONSOLIDATED
------------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 142,994,538.42 105,970,218.12 115,605,613.73 308,914,741.35
NET INCOME (LOSS) 41,062,241.06 (13,676,940.47) (166,993,848.84) 82,991,773.19
--------------------- --------------------- --------------------- -------------------
184,056,779.48 92,293,277.65 (51,388,235.11) 391,906,514.54
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 67,367,938.88 20,247,023.39 0.00 56,888,819.69
DIVIDEND DECLARED ON PREFERRED 212,614.56 104,156.80 0.00 229,054.52
--------------------- --------------------- --------------------- -------------------
67,580,553.44 20,351,180.19 0.00 57,117,874.21
ADJUSTMENT RETAINED EARNINGS (255.32) 0.00 (0.00) 0.00
--------------------- --------------------- --------------------- -------------------
TOTAL DEDUCTIONS 67,580,298.12 20,351,180.19 (0.00) 57,117,874.21
BALANCE AT END OF PERIOD 116,476,481.36 71,942,097.46 (51,388,235.11) 334,788,640.33
AEP TEXAS CENTRAL COMPANY
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
TEXAS CENTRAL TEXAS CENTRAL TEXAS CENTRAL
DESCRIPTION CONSOLIDATED ELIMINATIONS TEXAS CENTRAL SEC
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 826,197,470.29 0.00 826,197,470.29 0.00
NET INCOME (LOSS) 275,940,655.03 0.00 275,940,655.03 0.00
--------------------- --------------------- --------------------- --------------------
1,102,138,125.32 0.00 1,102,138,125.32 0.00
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 115,505,461.88 0.00 115,505,461.88 0.00
DIVIDEND DECLARED ON PREFERRED 241,384.59 0.00 241,384.59 0.00
--------------------- --------------------- --------------------- --------------------
115,746,846.47 0.00 115,746,846.47 0.00
ADJUSTMENT RETAINED EARNINGS (4,115.00) 0.00 (4,115.00) 0.00
--------------------- --------------------- --------------------- --------------------
TOTAL DEDUCTIONS 115,742,731.47 0.00 115,742,731.47 0.00
BALANCE AT END OF PERIOD 986,395,393.85 0.00 986,395,393.85 0.00
APPALACHIAN POWER COMPANY
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
--------------------------------------------------------------------------------------------------------------------------------
APCO APCO
DESCRIPTION CONSOLIDATED ELIMINATIONS APCO CACCO
--------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 150,796,650.14 (1,143,890.59) 150,796,650.14 307,103.00
NET INCOME (LOSS) 205,492,112.79 (534,754.17) 205,492,112.79 6,065.99
-------------------- -------------------- -------------------- --------------------
356,288,762.93 (1,678,644.76) 356,288,762.93 313,168.99
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 92,952,157.20 0.00 92,952,157.20 0.00
DIVIDEND DECLARED ON PREFERRED 1,442,521.14 0.00 1,442,521.14 0.00
-------------------- -------------------- -------------------- --------------------
94,394,678.34 0.00 94,394,678.34 0.00
ADJUSTMENT RETAINED EARNINGS 1,454,628.58 (73,110.56) 1,454,628.58 0.00
-------------------- -------------------- -------------------- --------------------
TOTAL DEDUCTIONS 95,849,306.92 (73,110.56) 95,849,306.92 0.00
BALANCE AT END OF PERIOD 260,439,456.01 (1,605,534.20) 260,439,456.01 313,168.99
APPALACHIAN POWER COMPANY
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------
DESCRIPTION SACCO CECCO WVPCO
----------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 879,293.00 (114,808.32) 72,302.91
NET INCOME (LOSS) 540,363.00 (12,482.48) 807.65
-------------------- -------------------- --------------------
1,419,656.00 (127,290.80) 73,110.56
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00
-------------------- -------------------- --------------------
0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 0.00 73,110.56
-------------------- -------------------- --------------------
TOTAL DEDUCTIONS 0.00 0.00 73,110.56
BALANCE AT END OF PERIOD 1,419,656.00 (127,290.80) 0.00
COLUMBUS SOUTHERN POWER COMPANY
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------
CSP CSP
DESCRIPTION CONSOLIDATED ELIMINATIONS CSP
-----------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 176,102,771.88 (1,932,487.75) 176,102,771.88
NET INCOME (LOSS) 181,173,555.04 (1,467,646.44) 181,173,555.05
-------------------- -------------------- --------------------
357,276,326.92 (3,400,134.19) 357,276,326.93
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 65,300,367.15 0.00 65,300,367.15
DIVIDEND DECLARED ON PREFERRED 350,000.00 0.00 350,000.00
-------------------- -------------------- --------------------
65,650,367.15 0.00 65,650,367.15
ADJUSTMENT RETAINED EARNINGS 1,015,380.36 0.00 1,015,380.36
-------------------- -------------------- --------------------
TOTAL DEDUCTIONS 66,665,747.51 0.00 66,665,747.51
BALANCE AT END OF PERIOD 290,610,579.41 (3,400,134.19) 290,610,579.42
COLUMBUS SOUTHERN POWER COMPANY
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
-----------------------------------------------------------------------------------------------------------
DESCRIPTION SIMCO COLM CCPC
-----------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 85,323.21 747,181.54 1,099,983.00
NET INCOME (LOSS) 58,908.13 1,338,738.30 70,000.00
-------------------- -------------------- --------------------
144,231.34 2,085,919.84 1,169,983.00
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 0.00 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00
-------------------- -------------------- --------------------
0.00 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 0.00 0.00 0.00
-------------------- -------------------- --------------------
TOTAL DEDUCTIONS 0.00 0.00 0.00
BALANCE AT END OF PERIOD 144,231.34 2,085,919.84 1,169,983.00
INDIANA MICHIGAN POWER COMPANY
AND SUBSIDIARY COMPANIES
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
----------------------------------------------------------------------------------------------------------------------------------
I&M I&M
DESCRIPTION CONSOLIDATED ELIMINATIONS I&M PRCCO BHCCO
----------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 74,605,269.75 (9,836,822.83) 74,605,269.75 0.00 9,836,822.83
NET INCOME (LOSS) 73,992,466.85 507,148.00 73,992,466.84 0.00 (507,147.99)
------------------ ------------------- ------------------- ---------------- ----------------
148,597,736.60 (9,329,674.83) 148,597,736.59 0.00 9,329,674.85
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 4,467,258.63 0.00 4,467,258.63 0.00 0.00
DIVIDEND DECLARED ON PREFERRED 0.00 0.00 0.00 0.00 0.00
------------------ ------------------- ------------------- ---------------- ----------------
4,467,258.63 0.00 4,467,258.63 0.00 0.00
ADJUSTMENT RETAINED EARNINGS 134,311.44 0.00 134,311.44 0.00 0.00
------------------ ------------------- ------------------- ---------------- ----------------
TOTAL DEDUCTIONS 4,601,570.07 0.00 4,601,570.07 0.00 0.00
BALANCE AT END OF PERIOD 143,996,166.53 (9,329,674.83) 143,996,166.52 0.00 9,329,674.85
SOUTHWESTERN ELECTRIC POWER COMPANY
AND SUBSIDIARY COMPANY
STATEMENT OF RETAINED EARNINGS
YEAR TO DATE THROUGH DECEMBER 31, 2002
------------------------------------------------------------------------------------------------------------------------------
SWEPCO SWEPCO
DESCRIPTION CONSOLIDATED ELIMINATIONS SWEPCO DOLETHILLS
------------------------------------------------------------------------------------------------------------------------------
BALANCE AT BEGINNING OF YEAR 308,914,741.00 (699,591.00) 308,914,741.00 699,591.00
NET INCOME (LOSS) 82,991,773.19 (2,715,924.00) 82,991,773.20 2,715,923.99
--------------------- --------------------- --------------------- --------------------
391,906,514.19 (3,415,515.00) 391,906,514.20 3,415,514.99
DEDUCTIONS:
DIVIDEND DECLARED ON COMMON 56,888,819.69 (2,098,773.00) 56,888,819.69 2,098,773.00
DIVIDEND DECLARED ON PREFERRED 229,054.52 0.00 229,054.52 0.00
--------------------- --------------------- --------------------- --------------------
57,117,874.21 (2,098,773.00) 57,117,874.21 2,098,773.00
ADJUSTMENT RETAINED EARNINGS (0.35) 0.00 (0.35) 0.00
--------------------- --------------------- --------------------- --------------------
TOTAL DEDUCTIONS 57,117,873.86 (2,098,773.00) 57,117,873.86 2,098,773.00
BALANCE AT END OF PERIOD 334,788,640.33 (1,316,742.00) 334,788,640.34 1,316,741.99
Notes to Consolidating Financial Statements.
Notes to financial statements are incorporated herein by reference to the 2001
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.
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF INCOME
YEAR ENDED DECEMBER 31, 2002
(in thousands)
(UNAUDITED)
OPERATING REVENUES. . . . . . . . . . . . . . . . . . . $362,381
OPERATING EXPENSES:
Fuel. . . . . . . . . . . . . . . . . . . . . . . . . 81,082
Purchased Power . . . . . . . . . . . . . . . . . . . 192,641
Other Operation . . . . . . . . . . . . . . . . . . . 29,389
Maintenance . . . . . . . . . . . . . . . . . . . . . 21,721
Depreciation. . . . . . . . . . . . . . . . . . . . . 9,263
Taxes Other Than Federal Income Taxes . . . . . . . . 2,683
Federal Income Taxes. . . . . . . . . . . . . . . . . 818
TOTAL OPERATING EXPENSES. . . . . . . . . . . 337,597
OPERATING INCOME. . . . . . . . . . . . . . . . . . . . 24,784
NONOPERATING INCOME . . . . . . . . . . . . . . . . . . 1,488
INCOME BEFORE INTEREST CHARGES. . . . . . . . . . . . . 26,272
INTEREST CHARGES. . . . . . . . . . . . . . . . . . . . 24,204
NET INCOME. . . . . . . . . . . . . . . . . . . . . . . $ 2,068
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF RETAINED EARNINGS
YEAR ENDED DECEMBER 31, 2002
(in thousands)
(UNAUDITED)
RETAINED EARNINGS JANUARY 1 . . . . . . . . . . . . . . $1,920
NET INCOME. . . . . . . . . . . . . . . . . . . . . . . 2,068
CASH DIVIDENDS DECLARED . . . . . . . . . . . . . . . . 2,100
RETAINED EARNINGS DECEMBER 31 . . . . . . . . . . . . . $1,888
OHIO VALLEY ELECTRIC CORPORATION
BALANCE SHEET
DECEMBER 31, 2002
(in thousands)
(UNAUDITED)
ASSETS
ELECTRIC UTILITY PLANT:
Electric Plant (at cost). . . . . . . . . . . . . . . $313,050
Construction Work in Progress . . . . . . . . . . . . 160,284
Total Electric Utility Plant. . . . . . . . . 473,334
Accumulated Depreciation and Amortization . . . . . . 308,367
NET ELECTRIC UTILITY PLANT. . . . . . . . . . 164,967
INVESTMENTS AND OTHER . . . . . . . . . . . . . . . . . 155,204
CURRENT ASSETS:
Cash and Cash Equivalents . . . . . . . . . . . . . . 11,085
Accounts Receivable . . . . . . . . . . . . . . . . . 25,136
Coal in Storage - at average cost . . . . . . . . . . 17,343
Materials and Supplies - at average cost. . . . . . . 8,813
Prepayments and Other . . . . . . . . . . . . . . . . 4,577
TOTAL CURRENT ASSETS. . . . . . . . . . . . . 66,954
FUTURE FEDERAL INCOME TAX BENEFITS. . . . . . . . . . . 9,346
REGULATORY ASSETS . . . . . . . . . . . . . . . . . . . 60,852
TOTAL . . . . . . . . . . . . . . . . . . . $457,323
OHIO VALLEY ELECTRIC CORPORATION
BALANCE SHEET
DECEMBER 31, 2002
(in thousands)
(UNAUDITED)
CAPITALIZATION AND LIABILITIES
SHAREHOLDERS' EQUITY:
Common Stock - Par Value $100:
Authorized - 300,000 Shares
Outstanding - 100,000 Shares. . . . . . . . . . . . $ 10,000
Retained Earnings . . . . . . . . . . . . . . . . . . 1,888
Total Shareowners' Equity . . . . . . . . . . 11,888
Long-term Debt - Notes Payable. . . . . . . . . . . . 305,000
TOTAL CAPITALIZATION. . . . . . . . . . . . . 316,888
CURRENT LIABILITIES:
Long-term Debt Due Within One Year. . . . . . . . . . 27,734
Short-term Debt . . . . . . . . . . . . . . . . . . . 10,000
Accounts Payable. . . . . . . . . . . . . . . . . . . 23,980
Taxes Accrued . . . . . . . . . . . . . . . . . . . . 13,363
Interest Accrued and Other. . . . . . . . . . . . . . 19,339
TOTAL CURRENT LIABILITIES . . . . . . . . . . 94,416
INVESTMENT TAX CREDITS. . . . . . . . . . . . . . . . . 10,610
POSTRETIREMENT BENEFIT OBLIGATION . . . . . . . . . . . 29,897
OTHER REGULATORY LIABILITIES AND DEFERRED CREDITS . . . 5,512
TOTAL . . . . . . . . . . . . . . . . . . . $457,323
OHIO VALLEY ELECTRIC CORPORATION
STATEMENT OF CASH FLOWS
YEAR ENDED DECEMBER 31, 2002
(in thousands)
(UNAUDITED)
OPERATING ACTIVITIES:
Net Income. . . . . . . . . . . . . . . . . . . . . $ 2,068
Adjustments for Noncash Items:
Depreciation. . . . . . . . . . . . . . . . . . . 9,263
Future Federal Income Tax Benefits. . . . . . . . (18,584)
Changes in Certain Current Assets and Liabilities:
Accounts Receivable . . . . . . . . . . . . . . 503
Coal, Materials and Supplies. . . . . . . . . . (8,414)
Accounts Payable. . . . . . . . . . . . . . . . 3,454
Accrued Taxes . . . . . . . . . . . . . . . . . 7,095
Other (net) . . . . . . . . . . . . . . . . . . . 20,398
Net Cash Flows From Operating Activities . . . 15,783
INVESTING ACTIVITIES:
Construction Expenditures . . . . . . . . . . . . . (127,614)
Sale of Investments . . . . . . . . . . . . . . . . 194,735
Advances to Subsidiary. . . . . . . . . . . . . . . (85,131)
Net Cash Flows Used For Investing Activities . (18,010)
FINANCING ACTIVITIES:
Retirement of Long-term Debt. . . . . . . . . . . . (8,382)
Change in Short-term Debt . . . . . . . . . . . . . 10,000
Dividends Paid. . . . . . . . . . . . . . . . . . . (2,100)
Net Cash Flows From Financing Activities . . . (482)
Net Increase in Cash and Cash Equivalents . . . . . (2,709)
Cash and Cash Equivalents January 1 . . . . . . . . 13,794
Cash and Cash Equivalents December 31 . . . . . . . $ 11,085
Supplemental Disclosure:
Interest Paid (net of capitalized amounts). . . . . $13,716
Income Taxes Paid . . . . . . . . . . . . . . . . . $12,875
Untitled
EXHIBIT A
Incorporation by Reference
Form 10K
Annual Report
Year File Number
AEP 2002 1-3525
AEGCo 2002 0-18135
APCo 2002 1-3457
TCC 2002 0-346
TNC 2002 0-340
CSP 2002 1-2680
I&M 2002 1-3570
KPCo 2002 1-6858
OPCo 2002 1-6543
PSO 2002 0-343
SWEPCo 2002 1-3146
EXHIBIT INDEX (EXHIBITS B & C)
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) -- Copy of Articles of Incorporation of AEGCo [Registration Statement on Form 10 for the Common Shares of
AEGCo, File No. 0-18135, Exhibit 3(a)].
3(b) -- Copy of the Code of Regulations of AEGCo (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) -- Copy of Capital Funds Agreement dated as of December 30, 1988 between AEGCo and AEP [Registration
Statement No. 33-32752, Exhibit 28(a)].
10(b)(1) -- Copy of Unit Power Agreement dated as of March 31, 1982 between AEGCo and I&M, as amended
[Registration Statement No. 33-32752, Exhibits 28(b)(1)(A) and 28(b)(1)(B)].
10(b)(2) -- Copy of Unit Power Agreement, dated as of August 1, 1984, among AEGCo, I&M and KPCo [Registration
Statement No. 33-32752, Exhibit 28(b)(2)].
10(c) -- Copy of Lease Agreements, dated as of December 1, 1989, between AEGCo and Wilmington Trust Company, as
amended [Registration Statement No. 33-32752, Exhibits 28(c)(1)(C), 28(c)(2)(C), 28(c)(3)(C), 28(c)(4)(C),
28(c)(5)(C) and 28(c)(6)(C); Annual Report on Form 10-K of AEGCo for the fiscal year ended December 31,
1993, File No. 0-18135, Exhibits 10(c)(1)(B), 10(c)(2)(B), 10(c)(3)(B), 10(c)(4)(B), 10(c)(5)(B) and
10(c)(6)(B)].
*13 -- Copy of those portions of the AEGCo 2002 Annual Report (for the fiscal year ended December 31, 2002)
which are incorporated by reference in this filing.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
AEP++
3(a) -- Copy of 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) -- Copy of 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 copy 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) -- Copy of By-Laws of AEP, as amended through January 28, 1998 [Annual Report on Form 10-K of AEP for the
fiscal year ended December 31, 1997, File No. 1-3525, Exhibit 3(b)].
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)].
*4(b) -- Third Supplemental Indenture, dated as of June 11, 2002, between AEP and The Bank of New York, as Trustee,
for 5.75% Senior Notes, Series C, due August 16, 2007.
*4(c) -- Forward Purchase Contract Agreement, dated as of June 11, 2002, between AEP and The Bank of New York, as
Forward Purchase Contract Agent.
10(a) -- Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, OPCo and I&M and with the Service
Corporation, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement No.
2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990,
File No. 1-3525, Exhibit 10(a)(3)].
*10(b) -- Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo and
AEPSC.
10(c) -- Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with the Service
Corporation as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended December 31,
1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
*10(d) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC.
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 the Service Corporation [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 June 1, 2000 [Annual
Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No. 1-3525, Exhibit
10(i)(1)].
+10(k)(2) -- AEP Stock Unit Accumulation Plan for Non-Employee Directors, as amended January 1, 2002[Annual Report on
Form 10-K of AEP for the fiscal year ended December 31, 2001, File No. 1-3525, Exhibit 10(i)(2)].
+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 the Service Corporation Excess Benefits Plan [Annual Report on Form 10-K of AEP for
the fiscal year ended December 31, 1990, File No. 1-3525, Exhibit 10(h)(1)(B)].
*+10(l)(1)(C) -- First Amendment to AEP System Excess Benefit Plan, dated as of March 5, 2003.
+10(l)(2) -- AEP System Supplemental Retirement Savings Plan, Amended and Restated as of June 1, 2001
(Non-Qualified) [Registration Statement No. 333-66048, Exhibit 4].
+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 E. Linn Draper, Jr. and AEP and the Service Corporation [Annual Report on
Form 10-K of AEGCo for the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit 10(g)(3)].
+10(m)(2) -- Memorandum of agreement between Susan Tomasky and the Service Corporation 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)(A) -- Letter Agreement dated June 23, 2000 between AEPSC and Holly K. Koeppel.
*+10(m)(3)(B) -- Letter Agreement dated April 19, 2001 between AEPR and Holly K. Koeppel.
*+10(m)(4) -- Employment Agreement dated July 29, 1998 between AEPSC and Robert P. Powers.
+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.
+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 dated January 1, 2001.
*+10(q)(2) -- First Amendment to AEP System Incentive Compensation Deferral Plan dated December 6, 2002.
*+10(r) -- AEP System Nuclear Performance Long Term Incentive Compensation Plan dated August 1, 1998.
*+10(s) -- Nuclear Key Contributor Retention Plan dated May 1, 2000.
+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 [Proxy Statement of AEP, March 10, 2000].
+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) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW, March 13, 1992].
+10(v)(4) -- 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 2002 Annual Report (for the fiscal year ended December 31, 2002) which
are incorporated by reference in this filing.
*21 -- List of subsidiaries of AEP.
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
APCo++
3(a) -- Copy of Restated Articles of Incorporation of APCo, and amendments thereto to November 4, 1993
[Registration Statement No. 33-50163, Exhibit 4(a); Registration Statement No. 33-53805, Exhibits 4(b) and
4(c)].
3(b) -- Copy of Articles of Amendment to the Restated Articles of Incorporation of APCo, dated June 6, 1994
[Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1994, File No. 1-3457, Exhibit
3(b)].
3(c) -- Copy of 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 copy 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) -- Copy of 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) -- Copy of Mortgage and Deed of Trust, dated as of December 1, 1940, between APCo and Bankers Trust Company
and R. Gregory Page, as Trustees, as amended and supplemented [Registration Statement No. 2-7289, Exhibit
7(b); Registration Statement No. 2-19884, Exhibit 2(1); Registration Statement No. 2-24453, Exhibit 2(n);
Registration Statement No. 2-60015, Exhibits 2(b)(2), 2(b)(3), 2(b)(4), 2(b)(5), 2(b)(6), 2(b)(7),
2(b)(8), 2(b)(9), 2(b)(10), 2(b)(12), 2(b)(14), 2(b)(15), 2(b)(16), 2(b)(17), 2(b)(18), 2(b)(19),
2(b)(20), 2(b)(21), 2(b)(22), 2(b)(23), 2(b)(24), 2(b)(25), 2(b)(26), 2(b)(27) and 2(b)(28); Registration
Statement
No. 2-64102, Exhibit 2(b)(29); Registration Statement No. 2-66457, Exhibits (2)(b)(30) and 2(b)(31);
Registration Statement No. 2-69217, Exhibit 2(b)(32); Registration Statement No. 2-86237, Exhibit 4(b);
Registration Statement No. 33-11723, Exhibit 4(b); Registration Statement No. 33-17003, Exhibit 4(a)(ii),
Registration Statement No. 33-30964, Exhibit 4(b); Registration Statement No. 33-40720, Exhibit 4(b);
Registration Statement No. 33-45219, Exhibit 4(b); Registration Statement No. 33-46128, Exhibits 4(b) and
4(c); Registration Statement No. 33-53410, Exhibit 4(b); Registration Statement No. 33-59834, Exhibit 4(b);
Registration Statement No. 33-50229, Exhibits 4(b) and 4(c); Registration Statement No. 33-58431, Exhibits
4(b), 4(c), 4(d) and 4(e); Registration Statement No. 333-01049, Exhibits 4(b) and 4(c); 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)].
*4(c) -- Copy of Company Order and Officer's Certificate, dated November 6, 2002, establishing terms of 4.3148%
Senior Notes, Series F, due 2007.
10(a)(1) -- Copy of Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and
through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator
of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No 2-66301,
Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(D); Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and Annual Report
on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) -- Copy of Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring
Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No.
2-67728, Exhibit 5(a)(3)(B); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31,
1992, File No. 1-3457, Exhibit 10(a)(2)(B)].
10(a)(3) -- Copy of Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric Corporation,
as amended [Registration Statement No. 2-60015, Exhibit 5(e)].
10(b) -- Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, OPCo and I&M and with the
Service Corporation, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement
No. 2-61009, Exhibit 5(b); Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990,
File No. 1-3525, Exhibit 10(a)(3)].
10(c) -- Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with the
Service Corporation as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1985, File No. 1-3525, Exhibit 10(b); Annual Report on Form 10-K of AEP for the fiscal year
ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) -- Copy of Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo,
CSPCo, I&M, KPCo, OPCo and the Service Corporation [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.
+10(h)(2) -- AEP System Supplemental Retirement Savings Plan, Amended and Restated as of January 1, 2001
(Non-Qualified) [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No.
1-3525, Exhibit 10(j)(2)].
+10(h)(3) -- Umbrella Trust for Executives [Annual Report on Form 10-K of AEP for the fiscal year ended December
31, 1993, File No. 1-3525, Exhibit 10(g)(3)].
+10(i)(1) -- Employment Agreement between E. Linn Draper, Jr. and AEP and the Service Corporation [Annual Report on
Form 10-K of AEGCo for the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit 10(g)(3)].
+10(i)(2) -- Memorandum of agreement between Susan Tomasky and the Service Corporation 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.
+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.
+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 [Proxy Statement of AEP, March 10, 2000].
+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) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW, March 13, 1992].
*+10(o)(1) -- AEP System Incentive Compensation Deferral Plan dated January 1, 2001.
*+10(o)(2) -- First Amendment to AEP System Incentive Compensation Deferral Plan dated December 6, 2002.
*+10(p) -- AEP System Nuclear Performance Long Term Incentive Compensation Plan dated August 1, 1998.
*+10(q) -- Nuclear Key Contributor Retention Plan dated May 1, 2000.
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the APCo 2002 Annual Report (for the fiscal year ended December 31, 2002) 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,
2002, File No. 1-3525, Exhibit 21].
*23 -- Consent of Deloitte & Touche LLP
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
CSPCo++
3(a) -- Copy of Amended Articles of Incorporation of CSPCo, as amended to March 6, 1992 [Registration Statement No.
33-53377, Exhibit 4(a)].
3(b) -- Copy of Certificate of Amendment to Amended Articles of Incorporation of CSPCo, dated May 19, 1994
[Annual Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1994, File No. 1-2680, Exhibit
3(b)].
3(c) -- Composite copy of Amended Articles of Incorporation of CSPCo, as amended [Annual Report on Form 10-K of
CSPCo for the fiscal year ended December 31, 1994, File No. 1-2680, Exhibit 3(c)].
3(d) -- Copy of Code of Regulations and By-Laws of CSPCo [Annual Report on Form 10-K of CSPCo for the fiscal year
ended December 31, 1987, File No. 1-2680, Exhibit 3(d)].
4(a) -- Copy of Indenture of Mortgage and Deed of Trust, dated September 1, 1940, between CSPCo and City Bank
Farmers Trust Company (now Citibank, N.A.), as trustee, as supplemented and amended [Registration Statement
No. 2-59411, Exhibits 2(B) and 2(C); Registration Statement No. 2-80535, Exhibit 4(b); Registration
Statement No. 2-87091, Exhibit 4(b); Registration Statement No. 2-93208, Exhibit 4(b); Registration
Statement No. 2-97652, Exhibit 4(b); Registration Statement No. 33-7081, Exhibit 4(b); Registration
Statement No. 33-12389, Exhibit 4(b); Registration Statement No. 33-19227, Exhibits 4(b), 4(e), 4(f), 4(g)
and 4(h); Registration Statement No. 33-35651, Exhibit 4(b); Registration Statement No. 33-46859, Exhibits
4(b) and 4(c); Registration Statement No. 33-50316, Exhibits 4(b) and 4(c); Registration Statement No.
33-60336, Exhibits 4(b), 4(c) and 4(d); Registration Statement No. 33-50447, Exhibits 4(b) and 4(c); Annual
Report on Form 10-K of CSPCo for the fiscal year ended December 31, 1993, File No. 1-2680, Exhibit 4(b)].
4(b) -- Copy of 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)].
10(a)(1) -- Copy of Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and
through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator
of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No. 2-66301,
Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(B); Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and Annual Report
on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) -- Copy of Inter-Company Power Agreement, dated July 10, 1953, among OVEC and the Sponsoring Companies, as
amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit
5(a)(3)(B); and Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No.
1-3457, Exhibit 10(a)(2)(B)].
10(a)(3) -- Copy of Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric
Corporation, as amended [Registration Statement No. 2-60015, Exhibit 5(e)].
10(b) -- Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, OPCo and I&M and the
Service Corporation, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement
No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31,
1990, File No. 1-3525, Exhibit 10(a)(3)].
10(c) -- Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo, and with the
Service Corporation as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) -- Copy of Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo,
CSPCo, I&M, KPCo, OPCo and the Service Corporation [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 2002 Annual Report (for the fiscal year ended December 31, 2002) 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,
2002, File No. 1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(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) -- Copy of the Amended Articles of Acceptance of I&M and amendments thereto [Annual Report on Form 10-K of I&M
for fiscal year ended December 31, 1993, File No. 1-3570, Exhibit 3(a)].
3(b) -- Copy of 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 Copy 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) -- Copy of the 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) -- Copy of Mortgage and Deed of Trust, dated as of June 1, 1939, between I&M and Irving Trust Company (now The
Bank of New York) and various individuals, as Trustees, as amended and supplemented [Registration Statement
No. 2-7597, Exhibit 7(a); Registration Statement No. 2-60665, Exhibits 2(c)(2), 2(c)(3), 2(c)(4), 2(c)(5),
2(c)(6), 2(c)(7), 2(c)(8), 2(c)(9), 2(c)(10), 2(c)(11), 2(c)(12), 2(c)(13), 2(c)(14), 2(c)(15), (2)(c)(16),
and 2(c)(17); Registration Statement No. 2-63234, Exhibit 2(b)(18); Registration Statement No. 2-65389,
Exhibit 2(a)(19); Registration Statement No. 2-67728, Exhibit 2(b)(20); Registration Statement No. 2-85016,
Exhibit 4(b); Registration Statement No. 33-5728, Exhibit 4(c); Registration Statement No. 33-9280, Exhibit
4(b); Registration Statement No. 33-11230, Exhibit 4(b); Registration Statement No. 33-19620, Exhibits
4(a)(ii), 4(a)(iii), 4(a)(iv) and 4(a)(v); Registration Statement No. 33-46851, Exhibits 4(b)(i), 4(b)(ii)
and 4(b)(iii); Registration Statement No. 33-54480, Exhibits 4(b)(I) and 4(b)(ii); Registration Statement
No. 33-60886, Exhibit 4(b)(I); Registration Statement No. 33-50521, Exhibits 4(b)(I), 4(b)(ii) and
4(b)(iii); Annual Report on Form 10-K of I&M for 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) -- Copy of 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); Annual Report of Form 10-K of I&M for fiscal year
ended December 31, 2001, File No. 1-3570, Exhibit 4(c)].
*4(c) -- Copy of Company Order and Officer's Certificate, dated November 22, 2002 establishing certain terms of the
6% Senior Notes, Series D, due 2032.
4(d) -- Copy of Company Order and Officers' Certificate, dated December 12, 2001, establishing certain terms of
the 6.125% Notes, Series C, due 2006. [Annual Report on Form 10-K of I&M for the fiscal year ended December
31, 2001, File No. 1-3570, Exhibit 4(c)].
10(a)(1) -- Copy of Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and
through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator
of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No. 2-66301,
Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(D); Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); and Annual Report
on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) -- Copy of Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring
Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No.
2-67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31,
1992, File No. 1-3457, Exhibit 10(a)(2)(B)].
10(a)(3) -- Copy of Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric
Corporation, as amended [Registration Statement No. 2-60015, Exhibit 5(e)].
10(a)(4) -- Copy of Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring
Companies, as amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No.
2-67728, Exhibit 5(a)(3)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31,
1992, File No. 1-3457, Exhibit 10(a)(2)(B)].
10(b) -- Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, I&M, and OPCo and with the
Service Corporation, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement
No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31,
1990, File No. 1-3525, Exhibit 10(a)(3)].
10(c) -- Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with the
Service Corporation as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) -- Copy of Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo,
CSPCo, I&M, KPCo, OPCo and the Service Corporation [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) -- Copy of Nuclear Material Lease Agreement, dated as of December 1, 1990, between I&M and DCC Fuel
Corporation [Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1993, File No.
1-3570, Exhibit 10(d)].
10(f) -- Copy of Lease Agreements, dated as of December 1, 1989, between I&M and Wilmington Trust Company, as
amended [Registration Statement No. 33-32753, Exhibits 28(a)(1)(C), 28(a)(2)(C), 28(a)(3)(C), 28(a)(4)(C),
28(a)(5)(C) and 28(a)(6)(C); Annual Report on Form 10-K of I&M for the fiscal year ended December 31, 1993,
File No. 1-3570, Exhibits 10(e)(1)(B), 10(e)(2)(B), 10(e)(3)(B), 10(e)(4)(B), 10(e)(5)(B) and 10(e)(6)(B)].
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 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 2002 Annual Report (for the fiscal year ended December 31, 2002) 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, 2002,
File No. 1-3525, Exhibit 21].
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
KPCo++
3(a) -- Copy of 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) -- Copy of 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) -- Copy of Mortgage and Deed of Trust, dated May 1, 1949, between KPCo and Bankers Trust Company (now Deutsche
Bank Trust Company Americas, as supplemented and amended [Registration Statement No. 2-65820, Exhibits
2(b)(1), 2(b)(2), 2(b)(3), 2(b)(4), 2(b)(5), and 2(b)(6); Registration Statement No. 33-39394, Exhibits
4(b) and 4(c); Registration Statement No. 33-53226, Exhibits 4(b) and 4(c); Registration Statement No.
33-61808, Exhibits 4(b) and 4(c), Registration Statement No. 33-53007, Exhibits 4(b), 4(c) and 4(d)].
4(b) -- Copy of 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 4E) and 4(f).
*4(c) -- Copy of Company Order and Officer's Certificate, dated June 28, 2002 establishing certain terms of the
5.50% Senior Notes, Series A, due 2007.
*4(d) -- Copy of Company Order and Officer's Certificate, dated November 6, 2002 establishing certain terms of the
4.3148% Senior Notes, Series B, due 2007.
*4(e) -- Copy of Company Order and Officer's Certificate, dated December 12, 2002 establishing certain terms of the
4.368% Senior Notes, Series C, due 2007.
10(a) -- Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, I&M and OPCo and with the
Service Corporation, as amended [Registration Statement No. 2-52910, Exhibit 5(a);Registration Statement
No. 2-61009, Exhibit 5(b); and Annual Report on Form 10-K of AEP for the fiscal year ended December 31,
1990, File No. 1-3525, Exhibit 10(a)(3)].
10(b) -- Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with the
Service Corporation as agent, as amended [Annual Report on Form 10-K of AEP for the fiscal year ended
December 31, 1985, File No. 1-3525, Exhibit 10(b); and Annual Report on Form 10-K of AEP for the fiscal
year ended December 31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(c) -- Copy of Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo,
CSPCo, I&M, KPCo, OPCo and the Service Corporation [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 2002 Annual Report (for the fiscal year ended December 31, 2002) which
are incorporated by reference in this filing.
*23 -- Consent of Deloitte & Touche LLP
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(b) -- Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
OPCo++
3(a) -- Copy of Amended Articles of Incorporation of OPCo, and amendments thereto to December 31, 1993
[Registration Statement No. 33-50139, Exhibit 4(a); Annual Report on Form 10-K of OPCo for the fiscal
year ended December 31, 1993, File No. 1-6543, Exhibit 3(b)].
3(b) -- Copy of 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) -- Copy of 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) -- Copy of 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 copy 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) -- Copy of Code of Regulations of OPCo [Annual Report on Form 10-K of OPCo for the fiscal year ended December
31, 1990, File No. 1-6543, Exhibit 3(d)].
4(a) -- Copy of Mortgage and Deed of Trust, dated as of October 1, 1938, between OPCo and Manufacturers Hanover
Trust Company (now Chemical Bank), as Trustee, as amended and supplemented [Registration Statement No.
2-3828, Exhibit B-4; Registration Statement No. 2-60721, Exhibits 2(c)(2), 2(c)(3), 2(c)(4), 2(c)(5),
2(c)(6), 2(c)(7), 2(c)(8), 2(c)(9), 2(c)(10), 2(c)(11), 2(c)(12), 2(c)(13), 2(c)(14), 2(c)(15), 2(c)(16),
2(c)(17), 2(c)(18), 2(c)(19), 2(c)(20), 2(c)(21), 2(c)(22), 2(c)(23), 2(c)(24), 2(c)(25), 2(c)(26),
2(c)(27), 2(c)(28), 2(c)(29), 2(c)(30), and 2(c)(31); Registration Statement No. 2-83591, Exhibit 4(b);
Registration Statement No. 33-21208, Exhibits 4(a)(ii), 4(a)(iii) and 4(a)(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) -- Copy of 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); Annual Report on Form 10-K of OPCo for the fiscal year ended December 31,
1998, File No. 1-6543, Exhibits 4(c) and 4(d); Annual Report on Form 10-K of OPCo for the fiscal year ended
December 31, 1999, File No. 1-6543, Exhibits 4(c) and 4(d); Annual Report on Form 10-K of OPCo for the
fiscal year ended December 31, 2000, File No. 1-6543, Exhibit 4(c)].
10(a)(1) -- Copy of Power Agreement, dated October 15, 1952, between OVEC and United States of America, acting by and
through the United States Atomic Energy Commission, and, subsequent to January 18, 1975, the Administrator
of the Energy Research and Development Administration, as amended [Registration Statement No. 2-60015,
Exhibit 5(a); Registration Statement No. 2-63234, Exhibit 5(a)(1)(B); Registration Statement No. 2-66301,
Exhibit 5(a)(1)(C); Registration Statement No. 2-67728, Exhibit 5(a)(1)(D); Annual Report on Form 10-K of
APCo for the fiscal year ended December 31, 1989, File No. 1-3457, Exhibit 10(a)(1)(F); Annual Report on
Form 10-K of APCo for the fiscal year ended December 31, 1992, File No. 1-3457, Exhibit 10(a)(1)(B)].
10(a)(2) -- Copy of Inter-Company Power Agreement, dated July 10, 1953, among OVEC and the Sponsoring Companies, as
amended [Registration Statement No. 2-60015, Exhibit 5(c); Registration Statement No. 2-67728, Exhibit
5(a)(3)(B); Annual Report on Form 10-K of APCo for the fiscal year ended December 31, 1992, File No.
1-3457, Exhibit 10(a)(2)(B)].
10(a)(3) -- Copy of Power Agreement, dated July 10, 1953, between OVEC and Indiana-Kentucky Electric Corporation,
as amended [Registration Statement No. 2-60015, Exhibit 5(e)].
10(b) -- Copy of Interconnection Agreement, dated July 6, 1951, among APCo, CSPCo, KPCo, I&M and OPCo and with the
Service Corporation, as amended [Registration Statement No. 2-52910, Exhibit 5(a); Registration Statement
No. 2-61009, Exhibit 5(b); Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 1990,
File 1-3525, Exhibit 10(a)(3)].
10(c) -- Copy of Transmission Agreement, dated April 1, 1984, among APCo, CSPCo, I&M, KPCo, OPCo and with the
Service Corporation as agent [Annual Report on Form 10-K of AEP for the fiscal year ended December 31,
1985, File No. 1-3525, Exhibit 10(b); Annual Report on Form 10-K of AEP for the fiscal year ended December
31, 1988, File No. 1-3525, Exhibit 10(b)(2)].
10(d) -- Copy of Modification No. 1 to the AEP System Interim Allowance Agreement, dated July 28, 1994, among APCo,
CSPCo, I&M, KPCo, OPCo and the Service Corporation [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) -- Copy of Amendment No. 1, dated October 1, 1973, to Station Agreement dated January 1, 1968, among OPCo,
Buckeye and Cardinal Operating Company, and amendments thereto [Annual Report on Form 10-K of OPCo for the
fiscal year ended December 31, 1993, File No. 1-6543, Exhibit 10(f)].
10(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.
+10(i)(2) -- AEP System Supplemental Retirement Savings Plan, Amended and Restated as of January 1, 2001
(Non-Qualified) [Annual Report on Form 10-K of AEP for the fiscal year ended December 31, 2000, File No.
1-3525, Exhibit 10(j)(2)].
+10(i)(3) -- Umbrella Trust for Executives [Annual Report on Form 10-K of AEP for the fiscal year ended December
31, 1993, File No. 1-3525, Exhibit 10(g)(3)].
+10(j)(1) -- Employment Agreement between E. Linn Draper, Jr. and AEP and the Service Corporation [Annual Report on
Form 10-K of AEGCo for the fiscal year ended December 31, 1991, File No. 0-18135, Exhibit 10(g)(3)].
+10(j)(2) -- Memorandum of agreement between Susan Tomasky and the Service Corporation 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.
+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.
+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 [Proxy Statement of AEP, March 10, 2000].
+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) -- CSW 1992 Long-Term Incentive Plan [Proxy Statement of CSW, March 13, 1992].
*+10(p)(1) -- AEP System Incentive Compensation Deferral Plan dated January 1, 2001.
*+10(p)(2) -- First Amendment to AEP System Incentive Compensation Deferral Plan dated December 6, 2002.
*+10(q) -- AEP System Nuclear Performance Long Term Incentive Compensation Plan dated August 1, 1998.
*+10(r) -- Nuclear Key Contributor Retention Plan dated May 1, 2000.
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the OPCo 2002 Annual Report (for the fiscal year ended December 31, 2002) 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,
2002, File No. 1-3525, Exhibit 21].
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(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)].
*4(d) -- Second Supplemental Indenture, dated as of November 26, 2002 establishing certain terms of the 6% Senior
Notes, Series B, due 2032.
*10(a) -- Copy of Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo
and AEPSC.
*10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC.
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the PSO 2002 Annual Report (for the fiscal year ended December 31, 2002) which
are incorporated by reference in this filing.
21 -- List of subsidiaries of PSO [Annual Report on Form 10-K of AEP for the fiscal year ended December 31,
2002, File No. 1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(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) Indenture, dated as of May 1, 1997, between SWEPCo and the Bank of New York, as Trustee [Quarterly
Report on Form 10-Q of SWEPCo dated March 31, 1997, File No. 1-3146, Exhibits 4.11 and 4.12].
(2) Amended and Restated Trust Agreement of SWEPCo Capital I, dated as of May 1, 1997, among SWEPCo, 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 SWEPCo dated
March 31, 1997, File No. 1-3146, Exhibit 4.13].
(3) Guarantee Agreement, dated as of May 1, 1997, delivered by SWEPCo for the benefit of the holders
of SWEPCo Capital I's Preferred Securities [Quarterly Report on Form 10-Q of SWEPCo dated
March 31, 1997, File No. 1-3146, Exhibit 4.14].
(4) Agreement as to Expenses and Liabilities, dated as of May 1, 1997 between SWEPCo and SWEPCo Capital I
[Quarterly Report on Form 10-Q of SWEPCo dated March 31, 1997, File No. 1-3146, Exhibits 4.15].
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); Form 8-K of SWEPCo
filed on June 26, 2002, File No. 1-3146, Exhibit 4(b)].
*10(a) -- Copy of Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo
and AEPSC.
*10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC.
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the SWEPCo 2002 Annual Report (for the fiscal year ended December 31, 2002)
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,
2002, File No. 1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(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.
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)].
*10(a) -- Copy of Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC,
SWEPCo and AEPSC.
*10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC.
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the TCC 2002 Annual Report (for the fiscal year ended December 31, 2002) 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,
2002, File No. 1-3525, Exhibit 21]
*23 -- Consent of Deloitte & Touche LLP.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(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.
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)].
*10(a) -- Copy of Restated and Amended Operating Agreement, dated as of January 1, 1998, among PSO, TCC, TNC, SWEPCo
and AEPSC.
*10(b) -- Transmission Coordination Agreement, dated October 29, 1998, among PSO, TCC, TNC, SWEPCo and AEPSC.
*12 -- Statement re: Computation of Ratios.
*13 -- Copy of those portions of the TNC 2002 Annual Report (for the fiscal year ended December 31, 2002) which
are incorporated by reference in this filing.
*24 -- Power of Attorney.
*99(a) -- Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United
States Code.
*99(b) -- Certification of Chief Executive 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
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/William L. Scott
-------------------
American Electric Power Service Corporation /S/William L. Scott
-------------------
AEP C&I Company, LLC /S/Timothy A. King
-------------------
AEP Coal, Inc. /S/Timothy A. King
-------------------
AEP Communications, Inc. /S/William L. Scott
-------------------
AEP Communications, LLC /S/Timothy A. King
-------------------
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/Timothy A. King
-------------------
AEP Desert Sky LP, LLC /S/Timothy A. King
-------------------
AEP Desert Sky LP II, LLC /S/Timothy A. King
-------------------
AEP Elmwood LLC /S/Timothy A. King
-------------------
AEP EmTech LLC /S/Timothy A. King
-------------------
AEP Energy Services, Inc. /S/William L. Scott
-------------------
AEP Energy Services Gas Holding Company /S/Mark A. Pyle
-------------------
AEP Energy Services Gas Holdings II LLC /S/Timothy A. King
-------------------
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 Ventures, LLC /S/Timothy A. King
-------------------
AEP Gas Marketing LP /S/Mark A. Pyle
-------------------
AEP Gas Power GP, LLC /S/Timothy A. King
-------------------
AEP Generating Company /S/William L. Scott
-------------------
AEP Investments, Inc. /S/William L. Scott
-------------------
AEP Kentucky Coal, LLC /S/Timothy A. King
-------------------
AEP MEMCO LLC /S/Timothy A. King
-------------------
AEP Ohio Coal, LLC /S/Timothy A. King
-------------------
AEP Ohio Commercial & Industrial Retail Co.,LLC /S/Timothy A. King
-------------------
AEP Ohio Retail Energy, LLC /S/Timothy A. King
-------------------
AEP Power Marketing, Inc. /S/Timothy A. King
-------------------
AEP Pro Serv, Inc. /S/William L. Scott
-------------------
AEP Properties, LLC /S/Timothy A. King
-------------------
AEP Resources, Inc. /S/William L. Scott
-------------------
AEP Resources Australia Holdings Pty, Ltd. /S/Timothy A. King
-------------------
AEP Resources Australia Pty, Ltd. /S/Timothy A. King
-------------------
AEP Resources Limited /S/Timothy A. King
-------------------
AEP Resources Services, LLC /S/Timothy A. King
-------------------
AEP Retail Energy, LLC /S/Timothy A. King
-------------------
AEP T & D Services, LLC /S/Timothy A. King
-------------------
AEP Texas Central Company /S/William L. Scott
-------------------
AEP Texas Commercial & Industrial Retail GP, LLC /S/Timothy A. King
-------------------
AEP Texas POLR, LLC /S/Timothy A. King
-------------------
AEP Texas POLR GP, LLC /S/Timothy A. King
-------------------
AEP Texas North Company /S/William L. Scott
-------------------
AEP West Virginia Coal, Inc. /S/Timothy A. King
-------------------
AEP Wind GP, LLC /S/Timothy A. King
-------------------
AEP Wind LP, LLC /S/Timothy A. King
-------------------
AEP Wind LP II, LLC /S/Timothy A. King
-------------------
Appalachian Power Company /S/William L. Scott
-------------------
Ash Creek Mining Company /S/Timothy A. King
-------------------
Blackhawk Coal Company /S/William L. Scott
-------------------
Cedar Coal Company /S/William L. Scott
--------------------
Central and South West Corporation /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/Timothy A. King
-------------------
CPL Transition Funding, LLC /S/Geoffrey S. Chatas
---------------------
C3 Communications, Inc. /S/William L. Scott
-------------------
C3 Networks GP, LLC /S/Timothy A. King
-------------------
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/William L. Scott
-------------------
CSW Frontera GP I, Inc. /S/Mark A. Pyle
-------------------
CSW Frontera GP II, Inc. /S/Mark A. Pyle
-------------------
CSW Frontera LP I, Inc. /S/Mark A. Pyle
-------------------
CSW Frontera LP II, Inc. /S/Mark A. Pyle
-------------------
CSW Ft. Lupton, Inc. /S/Mark A. Pyle
-------------------
CSW International, Inc. /S/William L. Scott
-------------------
CSW International (U.K.), Inc. /S/Timothy A. King
-------------------
CSW International Two, Inc. /S/Timothy A. King
-------------------
CSW International Three, Inc. /S/Timothy A. King
-------------------
CSW Leasing, Inc. /S/Timothy A. King
-------------------
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
-------------------
Desert Sky Wind Farm, LP /S/Timothy A. King
-------------------
Diversified Energy Contractors Co., LLC /S/Mark A. Pyle
-------------------
Dolet Hills Lignite Company, LLC /S/Timothy A. King
-------------------
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/William L. Scott
-------------------
Kentucky Power Company /S/William L. Scott
-------------------
Kingsport Power Company /S/William L. Scott
-------------------
Latin American Energy Holdings,Inc. /S/Timothy A. King
-------------------
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 CPL, LP /S/Timothy A. King
-------------------
Mutual Energy, LLC /S/Timothy A. King
-------------------
Mutual Energy Service Company, LLC /S/Timothy A. King
-------------------
Mutual Energy SWEPCO LP /S/Timothy A. King
-------------------
Mutual Energy WTU, LP /S/Timothy A. King
-------------------
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/Timothy A. King
-------------------
Price River Coal Company, Inc. /S/William L. Scott
-------------------
Public Service Company of Oklahoma /S/William L. Scott
-------------------
REP General Partner LLC /S/Timothy A. King
-------------------
REP Holdco, Inc. /S/Timothy A. King
-------------------
REP Holdco, LLC /S/Timothy A. King
-------------------
Simco, Inc. /S/William L. Scott
-------------------
Snowcap Coal Company, Inc. /S/Timothy A. King
-------------------
Southern Appalachian Coal Company /S/William L. Scott
-------------------
Southwest Arkansas Utilities Corp. /S/William L. Scott
-------------------
Southwestern Electric Power Company /S/William L. Scott
-------------------
Southwestern Wholesale Electric Company /S/Mark A. Pyle
-------------------
Trent Wind Farm LP /S/Timothy A. King
-------------------
Tuscaloosa Pipeline Company /S/Mark A. Pyle
-------------------
United Sciences Testing, Inc. /S/Timothy A. King
-------------------
Ventures Lease Co., LLC /S/Timothy A. King
-------------------
West Virginia Power Company /S/Timothy A. King
-------------------
Wheeling Power Company /S/William L. Scott
-------------------
EXHIBIT E
CONTENTS
1 CHART OF ACCOUNTS FOR AEP SYSTEM COMPANIES - PER RULE 26
2 COPIES OF PERSONNEL POLICIES AS THEY RELATE TO RULE 48 (b) ARE FILED
CONFIDENTIALLY PURSUANT TO RULE 104(b) OF THE PUHCA
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 (US OF A) 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 US OF A,
THOSE COMPANIES USE THE TYPICAL COMMERCIAL CHART OF ACCOUNTS APPLICABLE
FOR THAT TYPE OF BUSINESS OPERATION.
Exhibit F
TOTAL COMPANY SUMMARY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 39,761.53 $ 2,563.64 $ 6,220.70 $ 6,752.04 $ 6,725.21
Marketing-Business Services (45,952.40) (364.58) 310.51 269.00 (8,999.43)
Dist Reg-Managerial 525,504.13 53,299.08 64,486.03 38,026.06 19,689.29
Dist Reg-Customer Services 1,564,935.28 48,375.93 136,071.54 563,081.20 27,699.24
Dist Reg-Eng-Engin & Planning 500,711.42 16,134.17 139,322.95 78,481.22 36,577.83
Dist Reg-Eng-Information & Drafting 200,013.45 6,594.92 8,343.96 12,157.86 1,076.22
Dist Reg-Stores 255,868.74 4,593.78 86,525.24 38,692.53 2,053.18
Dist Reg-Operations-Administrative 728,237.23 254.58 129,536.90 28,235.86 12,463.68
Dist Reg-Operations-Meter 391,985.10 5,679.24 80,985.91 72,989.23 13,289.94
Dist Reg-Operations-Line 2,957,049.54 84,731.89 578,669.33 857,540.70 505,581.97
Engy Dis Sup-Right of Way Maintenance (91,311.65) 28,987.01 6,021.99 82,262.08 (1,259,847.95)
Dist Eng-Engineering & Planning 297,140.85 5,722.66 58,560.06 38,304.76 22,204.62
Dist Data Systems-Joint Use 122,140.24 4,211.46 8,744.50 25,924.13 50,821.67
T&D Mat Dist-Central Warehouse 1,679,301.15 22,406.41 517,283.65 200,789.05 274,913.17
Energy Tran-Transmission Line 1,065,644.16 27,419.76 136,218.21 160,052.60 157,133.52
Energy Tran-Station 2,762,287.60 50,772.49 781,116.10 397,262.59 68,700.94
St Const-System Maint-Tools/Equipment 185,848.18 8,107.00 13,493.03 27,726.99 38,707.25
Operations Center 2,311,496.00 7,796.77 179,128.36 113,311.62 263,143.03
Engy Delivery Sup-Meter Operations 707,403.50 11,243.05 152,703.35 54,137.26 184,581.02
Telecom-Telcommunications Engineering 11,421.50 120.99 3,415.26 193.29 706.93
Telecom-Telcommunications Operations 421,044.95 3,100.66 90,730.65 57,197.30 55,927.29
Land Mangement Forestry 295,642.70 54.33 10,555.48 5,025.45 7,841.40
Land Management Real Estate 214,221.53 3,583.95 3,181.94 18,857.09 689.38
Planning & Budgeting 4,148.47 0.00 0.00 4,148.47 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 2,690,567.88 186.64 1,038,285.01 673,861.25 399,932.93
Hydro Plant 223,913.02 (4.40) 72,187.31 322.18 7,756.69
Nuclear Generation 76,683.62 0.68 2,355.50 2,200.60 0.00
AdminState Pres/Envir & Govt Affairs 179,187.26 18.70 24,410.79 5,275.43 582.60
AdminCorporate Communications 543,598.58 745.13 47,647.45 8,920.20 17,343.76
Admin-Rates 515,591.91 276.94 3,464.40 1,364.57 5,739.45
AdminOtherAdministrative Group 10,451,054.75 49,860.54 2,425,796.71 598,255.20 2,645,573.50
Accounting-Adm 306.61 4.82 103.16 22.04 68.87
Corp Svc-Fleet Management 535,072.71 11,520.09 53,351.26 103,465.35 51,785.31
Corp Svc-Building Services 880,763.78 36,194.99 156,492.83 69,023.67 130,866.34
Corp Svc-Office Services 75,949.90 11,915.74 29,897.72 17,742.67 2,586.21
LABOR FRINGES ON O&M LABOR 4,234,526.66 114,240.01 844,673.40 603,075.77 410,404.76
TOTAL O&M COSTS 37,511,759.88 620,349.07 7,890,291.19 4,964,947.31 4,154,319.82
CONSTRUCTION, RETIRE, OTHER WIP 31,861,544.60 681,576.61 4,499,841.83 3,601,322.70 7,104,137.12
MATERIAL & SUPPLY COSTS 5,747,109.39 74,242.40 705,601.91 727,567.00 337,690.73
FACILITY COSTS 9,832,439.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 3,657,537.00 0.00 0.00 0.00 0.00
-------------- ------------- -------------- ------------- --------------
TOTAL $88,610,389.87 $1,376,168.08 $13,095,734.93 $9,293,837.01 $11,596,147.67
TOTAL COMPANY SUMMARY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 609.93 $ 12,402.98 $ 4,487.03 $ 0.00
Marketing-Business Services (3,395.47) (26,072.92) (7,699.51) 0.00
Dist Reg-Managerial 1,793.78 208,947.59 139,182.93 79.37
Dist Reg-Customer Services 94,582.28 503,010.01 191,478.87 636.21
Dist Reg-Eng-Engin & Planning 35,928.51 107,704.41 86,304.42 257.91
Dist Reg-Eng-Information & Drafting 9,432.68 161,622.11 785.70 0.00
Dist Reg-Stores 3,510.81 20,509.39 99,983.81 0.00
Dist Reg-Operations-Administrative 669.13 542,972.23 14,104.85 0.00
Dist Reg-Operations-Meter 1,460.22 143,576.64 74,003.92 0.00
Dist Reg-Operations-Line 37,493.97 247,068.20 645,688.44 275.04
Engy Dis Sup-Right of Way Maintenance 1,648.04 1,001,118.57 48,498.61 0.00
Dist Eng-Engineering & Planning 13,670.77 144,415.32 14,262.66 0.00
Dist Data Systems-Joint Use 23,956.02 135.56 7,611.01 735.89
T&D Mat Dist-Central Warehouse 29,240.05 374,800.19 259,868.63 0.00
Energy Tran-Transmission Line 45,935.29 152,484.42 384,766.54 1,633.82
Energy Tran-Station 180,993.17 728,032.16 555,013.73 396.42
St Const-System Maint-Tools/Equipment 1,858.06 53,517.35 42,438.50 0.00
Operations Center 18,745.45 401,596.71 1,327,774.06 0.00
Engy Delivery Sup-Meter Operations 13,222.20 73,860.86 217,655.76 0.00
Telecom-Telcommunications Engineering 77.62 1,791.76 5,115.65 0.00
Telecom-Telcommunications Operations 26,839.10 122,764.67 61,647.88 2,837.40
Land Mangement Forestry 67.48 268,975.45 2,827.26 295.85
Land Management Real Estate 16.66 219,251.12 (31,842.72) 484.11
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 (107,075.15) 306,697.22 255,457.59 123,222.39
Hydro Plant (4.34) 118,450.57 23,217.55 1,987.46
Nuclear Generation 1.11 927.95 24,536.76 46,661.02
AdminState Pres/Envir & Govt Affairs 27,715.14 87,372.19 33,778.34 34.07
AdminCorporate Communications 28,657.88 199,447.23 240,804.50 32.43
Admin-Rates 6,694.60 285,564.14 212,487.81 0.00
AdminOtherAdministrative Group (34,166.38) 1,677,255.17 2,972,496.17 115,983.84
Accounting-Adm 5.15 67.42 29.74 5.41
Corp Svc-Fleet Management 103,723.46 103,526.02 68,382.35 39,318.87
Corp Svc-Building Services 8,864.71 273,280.14 79,701.77 126,339.33
Corp Svc-Office Services 668.85 5,239.95 1,315.57 6,583.19
LABOR FRINGES ON O&M LABOR 152,307.63 1,214,009.15 805,506.33 90,309.61
TOTAL O&M COSTS 725,748.41 9,736,321.93 8,861,672.51 558,109.64
CONSTRUCTION, RETIRE, OTHER WIP 739,716.01 9,343,837.64 4,944,518.92 946,593.77
MATERIAL & SUPPLY COSTS 180,214.37 1,600,097.27 2,119,751.46 1,944.25
FACILITY COSTS 0.00 0.00 0.00 9,832,439.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 3,657,537.00
------------- -------------- -------------- --------------
TOTAL $1,645,678.79 $20,680,256.84 $15,925,942.89 $14,996,623.66
KINGSPORT POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
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 24,826.66 0.00 24,734.48 92.18 0.00
Dist Reg-Customer Services 27,854.45 0.00 27,100.88 64.25 197.56
Dist Reg-Eng-Engin & Planning 89,229.30 0.00 85,856.42 2,092.22 301.83
Dist Reg-Eng-Information & Drafting 864.27 0.00 450.94 20.86 54.18
Dist Reg-Stores 23,424.45 0.00 23,396.57 2.87 6.99
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 11,620.17 0.00 11,440.94 18.79 45.07
Dist Reg-Operations-Line 76,673.14 0.00 53,453.24 2,630.81 7,223.45
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 232.00 0.00 0.00 0.00 0.00
Energy Tran-Station 256,102.07 0.00 226,896.33 23,455.58 504.87
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00
Operations Center 829.25 0.00 (144.63) 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 41,546.28 0.00 41,356.24 12.85 75.87
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 0.00 0.00 0.00 0.00 0.00
AdminCorporate Communications 2,750.06 0.00 2,708.06 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group (101,949.55) 0.00 (104,785.21) 252.26 658.17
Accounting-Adm 0.00 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management (9,766.22) 0.00 (10,235.05) 20.84 123.50
Corp Svc-Building Services 6,687.49 0.00 5,923.74 715.56 21.60
Corp Svc-Office Services 616.61 0.00 182.49 30.05 182.21
LABOR FRINGES ON O&M LABOR 145,140.79 0.00 141,518.27 1,873.94 156.56
TOTAL O&M COSTS 596,681.22 0.00 529,853.71 31,283.06 9,551.86
CONSTRUCTION, RETIRE, OTHER WIP 1,202,462.75 0.00 896,612.34 256,350.23 408.83
MATERIAL & SUPPLY COSTS 28,124.82 0.00 27,848.99 30.14 64.74
FACILITY COSTS 26,509.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 293.00 0.00 0.00 0.00 0.00
------------- ----- ------------- ----------- ----------
TOTAL $1,854,070.79 $0.00 $1,454,315.04 $287,663.43 $10,025.43
KINGSPORT POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
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 13.47 291.56 186.73 0.00
Dist Reg-Eng-Engin & Planning 26.30 431.03 521.50 0.00
Dist Reg-Eng-Information & Drafting 7.72 109.94 220.63 0.00
Dist Reg-Stores 0.52 9.03 8.47 0.00
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 3.24 56.96 55.17 0.00
Dist Reg-Operations-Line 398.76 9,348.08 3,367.35 251.45
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 0.00 232.00 0.00 0.00
Energy Tran-Station 309.01 2,562.20 2,374.08 0.00
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00
Operations Center 0.00 973.88 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 1.90 56.93 34.73 7.76
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 42.00 0.00 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group 24.87 701.24 277.98 921.14
Accounting-Adm 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 3.12 92.52 56.35 172.50
Corp Svc-Building Services 0.54 16.19 9.86 0.00
Corp Svc-Office Services 4.87 135.30 81.69 0.00
LABOR FRINGES ON O&M LABOR 83.31 767.40 741.31 0.00
TOTAL O&M COSTS 919.63 15,784.26 7,935.85 1,352.85
CONSTRUCTION, RETIRE, OTHER WIP 0.00 49,038.77 52.58 0.00
MATERIAL & SUPPLY COSTS 6.19 123.48 51.28 0.00
FACILITY COSTS 0.00 0.00 0.00 26,509.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 293.00
------- ---------- --------- ----------
TOTAL $925.82 $64,946.51 $8,039.71 $28,154.85
APPALACHIAN POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 21,932.30 $ 2,308.35 $0.00 $ 5,502.50 $ 3,828.50
Marketing-Business Services (47,629.75) (377.11) 0.00 0.00 (9,503.76)
Dist Reg-Managerial 108,716.31 52,549.50 0.00 15,431.00 10,447.17
Dist Reg-Customer Services 652,217.71 46,902.42 0.00 474,239.12 13,849.61
Dist Reg-Eng-Engin & Planning 108,224.11 15,586.87 0.00 63,415.53 8,252.02
Dist Reg-Eng-Information & Drafting 17,440.06 6,544.25 0.00 10,095.24 177.57
Dist Reg-Stores 46,409.00 4,531.17 0.00 38,332.48 677.87
Dist Reg-Operations-Administrative 49,590.76 58.46 0.00 5,161.15 12,078.89
Dist Reg-Operations-Meter 83,342.41 3,114.16 0.00 66,142.22 3,725.67
Dist Reg-Operations-Line 1,054,797.14 83,299.26 0.00 819,090.61 94,481.03
Engy Dis Sup-Right of Way Maintenance (1,212,217.65) 28,869.46 0.00 52,285.99 (1,296,564.55)
Dist Eng-Engineering & Planning 51,063.27 4,001.90 0.00 28,465.21 2,593.52
Dist Data Systems-Joint Use 28,434.37 3,908.80 0.00 24,113.69 119.36
T&D Mat Dist-Central Warehouse 508,216.40 7,519.29 0.00 74,659.11 123,587.03
Energy Tran-Transmission Line 285,396.74 24,600.79 0.00 141,393.38 70,116.47
Energy Tran-Station 405,790.23 25,949.77 0.00 304,784.21 10,393.28
St Const-System Maint-Tools/Equipment 149,242.21 7,725.29 0.00 25,839.20 37,296.68
Operations Center 663,704.70 4,183.61 0.00 70,437.41 194,630.52
Engy Delivery Sup-Meter Operations 229,015.29 4,448.19 0.00 23,947.91 57,018.84
Telecom-Telcommunications Engineering 517.08 60.83 0.00 91.25 121.67
Telecom-Telcommunications Operations 73,945.89 336.56 0.00 44,773.92 11,754.67
Land Mangement Forestry 6,001.30 0.00 0.00 589.41 1,022.84
Land Management Real Estate 22,901.46 3,571.74 0.00 18,755.98 200.60
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 488,859.54 17.73 0.00 257,673.69 200,815.68
Hydro Plant 122,410.30 (4.41) 0.00 151.69 7,016.37
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 33,615.24 3.49 0.00 5,106.18 158.63
AdminCorporate Communications 4,153.37 122.65 0.00 1,258.87 1,556.87
Admin-Rates 18,333.87 227.77 0.00 862.98 2,940.86
AdminOtherAdministrative Group 1,737,625.46 43,236.52 0.00 204,589.99 418,748.82
Accounting-Adm 20.93 0.38 0.00 1.62 5.46
Corp Svc-Fleet Management 254,536.56 10,982.13 0.00 97,531.34 7,156.66
Corp Svc-Building Services 73,362.26 28,055.91 0.00 37,521.83 1,214.02
Corp Svc-Office Services 34,287.10 11,849.46 0.00 12,990.17 1,379.11
LABOR FRINGES ON O&M LABOR 1,129,867.58 99,077.76 0.00 449,804.77 197,525.85
TOTAL O&M COSTS 7,204,123.55 523,262.95 0.00 3,375,039.65 188,823.83
CONSTRUCTION, RETIRE, OTHER WIP 7,629,553.34 618,535.04 0.00 2,710,739.82 100,587.61
MATERIAL & SUPPLY COSTS 974,002.88 74,872.18 0.00 262,615.05 119,171.02
FACILITY COSTS 1,722,111.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 977,344.00 0.00 0.00 0.00 0.00
-------------- ------------- ----- ------------- -----------
TOTAL $18,507,134.77 $1,216,670.17 $0.00 $6,348,394.52 $ 408,582.46
APPALACHIAN POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 341.07 $ 5,490.22 $ 4,461.66 $ 0.00
Marketing-Business Services (3,408.25) (26,255.87) (8,084.76) 0.00
Dist Reg-Managerial 755.25 14,576.61 14,929.34 27.44
Dist Reg-Customer Services 1,006.46 90,074.33 26,145.77 0.00
Dist Reg-Eng-Engin & Planning 607.48 10,304.60 10,057.61 0.00
Dist Reg-Eng-Information & Drafting 16.49 262.53 343.98 0.00
Dist Reg-Stores 52.19 2,060.97 754.32 0.00
Dist Reg-Operations-Administrative 1,103.74 17,244.46 13,944.06 0.00
Dist Reg-Operations-Meter 294.36 5,781.23 4,284.77 0.00
Dist Reg-Operations-Line 1,018.63 38,656.46 18,251.15 0.00
Engy Dis Sup-Right of Way Maintenance 89.80 1,617.98 1,483.67 0.00
Dist Eng-Engineering & Planning 377.17 4,867.63 10,757.84 0.00
Dist Data Systems-Joint Use 7.13 135.56 149.83 0.00
T&D Mat Dist-Central Warehouse 9,709.27 207,276.66 85,465.04 0.00
Energy Tran-Transmission Line 19,380.32 15,874.73 14,031.05 0.00
Energy Tran-Station 4,797.22 46,324.98 13,529.77 11.00
St Const-System Maint-Tools/Equipment 1,489.27 41,111.99 35,779.78 0.00
Operations Center 9,814.21 265,345.79 119,293.16 0.00
Engy Delivery Sup-Meter Operations 4,035.57 73,860.86 65,703.92 0.00
Telecom-Telcommunications Engineering 60.83 91.25 91.25 0.00
Telecom-Telcommunications Operations 192.51 8,945.74 5,114.56 2,827.93
Land Mangement Forestry 0.00 3,210.54 1,128.51 50.00
Land Management Real Estate 5.42 153.56 94.93 119.23
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 (107,332.31) 82,452.61 13,777.58 41,454.56
Hydro Plant (4.35) 115,049.01 201.99 0.00
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 27,697.43 338.26 291.71 19.54
AdminCorporate Communications 34.38 711.25 469.35 0.00
Admin-Rates 6,633.48 4,708.00 2,960.78 0.00
AdminOtherAdministrative Group (6,529.47) 729,358.01 295,218.37 53,003.22
Accounting-Adm 0.41 6.80 6.26 0.00
Corp Svc-Fleet Management 78,883.27 14,547.82 5,567.52 39,867.82
Corp Svc-Building Services 32.03 (262.63) 615.07 6,186.03
Corp Svc-Office Services 35.99 1,049.31 645.97 6,337.09
LABOR FRINGES ON O&M LABOR 15,400.39 257,803.57 93,800.01 16,455.23
TOTAL O&M COSTS 66,597.39 2,032,774.82 851,265.82 166,359.09
CONSTRUCTION, RETIRE, OTHER WIP 4,606.26 2,239,518.37 1,573,448.85 382,117.39
MATERIAL & SUPPLY COSTS 27,527.37 290,393.86 199,267.90 155.50
FACILITY COSTS 0.00 0.00 0.00 1,722,111.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 977,344.00
---------- ------------- ------------- -------------
TOTAL $ 98,731.02 $4,562,687.05 $2,623,982.57 $3,248,086.98
KENTUCKY POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 207.68 $ 2.72 $ 71.78 $0.00 $ 37.90
Marketing-Business Services 376.80 4.08 132.51 0.00 67.19
Dist Reg-Managerial 7,166.25 56.85 3,398.92 0.00 1,057.83
Dist Reg-Customer Services 156,075.36 382.03 57,444.14 0.00 5,161.31
Dist Reg-Eng-Engin & Planning 19,928.99 131.04 11,612.34 0.00 2,286.45
Dist Reg-Eng-Information & Drafting 295.00 0.00 295.00 0.00 0.00
Dist Reg-Stores 14,310.40 5.94 692.41 0.00 89.80
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 93,777.26 2,536.55 51,302.87 0.00 6,554.48
Dist Reg-Operations-Line 108,201.31 263.90 47,408.30 0.00 44,395.05
Engy Dis Sup-Right of Way Maintenance 34,584.78 9.16 341.86 0.00 33,797.40
Dist Eng-Engineering & Planning 36.59 0.43 12.71 0.00 6.44
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 179,356.52 989.85 99,218.47 0.00 1,949.18
Energy Tran-Station 662,941.15 12,489.37 305,370.61 0.00 2,267.66
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00
Operations Center (610.32) 0.00 (610.32) 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 2,696.50 46.50 2,650.00 0.00 0.00
Telecom-Telcommunications Operations 54,556.04 165.17 3,632.71 0.00 1,755.09
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate 252.07 0.00 245.00 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 247,446.24 0.30 11,681.45 0.00 158,872.35
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 1,383.98 9.39 429.46 0.00 423.97
AdminCorporate Communications 21,698.07 11.32 20,749.51 0.00 385.29
Admin-Rates 4,323.09 17.38 1,233.11 0.00 1,190.65
AdminOtherAdministrative Group 24,977.80 458.33 (36,628.65) 0.00 14,554.24
Accounting-Adm 0.00 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 45,226.50 0.69 43,637.69 0.00 17.03
Corp Svc-Building Services 97,746.21 8,118.84 44,790.10 0.00 330.36
Corp Svc-Office Services 27,130.65 0.00 26,804.96 0.00 0.00
LABOR FRINGES ON O&M LABOR 346,800.58 4,473.25 157,127.44 0.00 10,195.59
TOTAL O&M COSTS 2,150,885.50 30,173.09 853,044.38 0.00 285,395.26
CONSTRUCTION, RETIRE, OTHER WIP 1,956,194.04 62,242.02 641,725.67 0.00 23,186.01
MATERIAL & SUPPLY COSTS 110,667.89 (5,224.10) 99,302.83 0.00 817.79
FACILITY COSTS 459,757.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 419,325.00 0.00 0.00 0.00 0.00
------------- ---------- ------------- ----- -----------
TOTAL $5,096,829.43 $87,191.01 $1,594,072.88 $0.00 $309,399.06
KENTUCKY POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 3.13 $ 53.45 $ 38.70 $ 0.00
Marketing-Business Services 5.01 86.45 81.56 0.00
Dist Reg-Managerial 70.87 1,281.71 1,300.07 0.00
Dist Reg-Customer Services 382.19 87,076.58 5,629.11 0.00
Dist Reg-Eng-Engin & Planning 160.39 2,833.27 2,905.50 0.00
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00
Dist Reg-Stores 7.08 13,410.45 104.72 0.00
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 586.20 19,327.96 13,469.20 0.00
Dist Reg-Operations-Line 326.96 10,073.82 5,733.28 0.00
Engy Dis Sup-Right of Way Maintenance 11.50 209.35 215.51 0.00
Dist Eng-Engineering & Planning 0.52 8.73 7.76 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 12,775.95 45,919.04 18,504.03 0.00
Energy Tran-Station 2,226.47 260,145.74 80,297.56 143.74
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 171.61 32,105.99 16,725.47 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 0.00 0.00 7.07
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 0.32 76,304.05 572.53 15.24
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 10.80 317.30 193.06 0.00
AdminCorporate Communications 13.30 324.93 213.72 0.00
Admin-Rates 21.39 1,125.70 734.86 0.00
AdminOtherAdministrative Group 353.29 22,795.08 17,823.91 5,621.60
Accounting-Adm 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 0.80 71.84 35.83 1,462.62
Corp Svc-Building Services 7.82 36,621.44 5,790.65 2,087.00
Corp Svc-Office Services 272.46 0.00 0.00 53.23
LABOR FRINGES ON O&M LABOR 4,983.47 126,910.24 41,679.79 1,430.80
TOTAL O&M COSTS 22,391.53 737,003.12 212,056.82 10,821.30
CONSTRUCTION, RETIRE, OTHER WIP 0.00 1,030,664.92 149,198.72 49,176.70
MATERIAL & SUPPLY COSTS 3.75 14,204.78 1,562.84 0.00
FACILITY COSTS 0.00 0.00 0.00 459,757.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 419,325.00
---------- ------------- ----------- -----------
TOTAL $22,395.28 $1,781,872.82 $362,818.38 $939,080.00
INDIANA MICHIGAN POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 946.42 $ 36.51 $ 858.36 $ 176.30 $0.00
Marketing-Business Services (499.48) 0.86 24.94 5.16 0.00
Dist Reg-Managerial 19,648.38 186.83 5,163.01 997.12 0.00
Dist Reg-Customer Services 162,862.74 777.39 19,093.41 3,481.80 0.00
Dist Reg-Eng-Engin & Planning 9,509.48 75.79 2,850.39 480.21 0.00
Dist Reg-Eng-Information & Drafting 105,383.65 0.57 16.25 3.25 0.00
Dist Reg-Stores 3,717.58 1.72 63.11 13.59 0.00
Dist Reg-Operations-Administrative 689.49 7.40 331.12 47.52 0.00
Dist Reg-Operations-Meter 5,843.37 8.25 743.28 62.27 0.00
Dist Reg-Operations-Line 132,338.46 324.85 24,710.01 1,809.57 0.00
Engy Dis Sup-Right of Way Maintenance 11,643.18 6.71 230.85 2,112.68 0.00
Dist Eng-Engineering & Planning 28,762.29 144.76 5,043.05 808.82 0.00
Dist Data Systems-Joint Use 32.49 0.00 0.00 0.00 0.00
T&D Mat Dist-Central Warehouse 494,363.52 5,724.85 199,271.26 48,991.35 0.00
Energy Tran-Transmission Line 109,614.85 422.87 8,310.92 3,092.33 0.00
Energy Tran-Station 118,314.97 4,831.33 17,063.07 6,582.06 0.00
St Const-System Maint-Tools/Equipment 21,856.17 305.22 7,215.39 1,423.83 0.00
Operations Center 230,497.89 3,182.32 52,506.98 16,135.09 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 1,248.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 16,661.23 944.55 7,477.51 3,346.31 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate 1,885.96 1.12 51.81 8.56 0.00
Planning & Budgeting 4,148.47 0.00 0.00 4,148.47 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 1,023,611.40 23.63 524,176.56 327,651.70 0.00
Hydro Plant 92,865.75 0.00 70,099.45 163.98 0.00
Nuclear Generation 76,683.62 0.68 2,355.50 2,200.60 0.00
AdminState Pres/Envir & Govt Affairs 2,087.95 5.82 764.78 169.25 0.00
AdminCorporate Communications 17,935.29 9.37 1,573.66 226.75 0.00
Admin-Rates 1,510.60 7.93 549.02 121.57 0.00
AdminOtherAdministrative Group 422,509.54 1,011.38 146,484.97 30,017.55 0.00
Accounting-Adm 10.79 0.15 3.85 0.76 0.00
Corp Svc-Fleet Management 12,933.38 174.86 7,145.91 832.59 0.00
Corp Svc-Building Services 28,001.15 2.28 130.07 16.52 0.00
Corp Svc-Office Services 2,900.46 11.97 594.30 128.89 0.00
LABOR FRINGES ON O&M LABOR 521,262.41 3,293.52 105,635.65 24,273.88 0.00
TOTAL O&M COSTS 3,681,781.45 21,525.49 1,210,538.44 479,530.33 0.00
CONSTRUCTION, RETIRE, OTHER WIP 4,079,728.11 215.60 1,163,639.81 72,290.31 0.00
MATERIAL & SUPPLY COSTS 1,390,566.70 3,886.05 60,099.16 39,404.28 0.00
FACILITY COSTS 2,759,118.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 274,738.00 0.00 0.00 0.00 0.00
-------------- ---------- ------------- ----------- -----
TOTAL $12,185,932.26 $25,627.14 $2,434,277.41 $591,224.92 $0.00
INDIANA MICHIGAN POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 37.53 $ 635.22 $ (797.50) $ 0.00
Marketing-Business Services 0.86 (550.22) 18.92 0.00
Dist Reg-Managerial 233.61 10,034.36 3,033.45 0.00
Dist Reg-Customer Services 809.78 127,412.91 11,287.45 0.00
Dist Reg-Eng-Engin & Planning 120.80 4,548.71 1,433.58 0.00
Dist Reg-Eng-Information & Drafting 260.66 105,092.94 9.98 0.00
Dist Reg-Stores 2.15 3,597.83 39.18 0.00
Dist Reg-Operations-Administrative 9.01 153.56 140.88 0.00
Dist Reg-Operations-Meter 10.20 4,842.00 177.37 0.00
Dist Reg-Operations-Line 644.95 99,000.06 5,849.02 0.00
Engy Dis Sup-Right of Way Maintenance 8.38 9,140.19 144.37 0.00
Dist Eng-Engineering & Planning 938.75 19,332.77 2,494.14 0.00
Dist Data Systems-Joint Use 0.00 0.00 0.00 32.49
T&D Mat Dist-Central Warehouse 7,428.51 167,523.53 65,424.02 0.00
Energy Tran-Transmission Line 419.81 95,410.84 1,958.08 0.00
Energy Tran-Station 3,854.19 80,186.84 5,590.56 206.92
St Const-System Maint-Tools/Equipment 290.00 7,260.00 5,361.73 0.00
Operations Center 5,022.95 130,005.67 23,644.88 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 0.00 1,248.00 0.00 0.00
Telecom-Telcommunications Operations 109.27 2,894.83 1,888.70 0.06
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 1.35 1,741.30 23.26 58.56
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 28.51 130,700.66 7,606.61 33,423.73
Hydro Plant 0.00 3,401.56 19,200.76 0.00
Nuclear Generation 1.11 927.95 24,536.76 46,661.02
AdminState Pres/Envir & Govt Affairs 6.91 687.32 439.34 14.53
AdminCorporate Communications 10.72 15,951.75 163.04 0.00
Admin-Rates 9.96 500.30 321.82 0.00
AdminOtherAdministrative Group 3,255.82 232,678.10 25,574.68 (16,512.96)
Accounting-Adm 0.16 3.13 2.74 0.00
Corp Svc-Fleet Management 192.86 27,556.99 (22,480.42) (489.41)
Corp Svc-Building Services 2.68 19,092.78 5,451.25 3,305.57
Corp Svc-Office Services 11.90 1,620.46 340.07 192.87
LABOR FRINGES ON O&M LABOR 4,065.06 327,544.92 31,115.74 25,333.64
TOTAL O&M COSTS 27,788.45 1,630,177.26 219,994.46 92,227.02
CONSTRUCTION, RETIRE, OTHER WIP 14,591.13 2,721,576.00 19,339.43 88,075.83
MATERIAL & SUPPLY COSTS 34,938.56 1,137,964.56 114,251.48 22.61
FACILITY COSTS 0.00 0.00 0.00 2,759,118.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 274,738.00
--------- ------------ ---------- ------------
TOTAL $77,318.14 $5,489,717.82 $353,585.37 $3,214,181.46
WHEELING POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
Marketing-Business Services 891.21 0.00 0.00 235.00 9.49
Dist Reg-Managerial 54,317.54 8.44 275.72 53.74 169.73
Dist Reg-Customer Services 1,132.81 5.52 186.28 39.15 95.39
Dist Reg-Eng-Engin & Planning 7,736.12 13.45 529.36 79.19 297.99
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00 0.00
Dist Reg-Stores 425.21 0.46 16.94 3.25 11.35
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 18,393.12 1.87 74.63 16.32 37.99
Dist Reg-Operations-Line 53,527.36 6.40 1,557.80 40.13 35,481.24
Engy Dis Sup-Right of Way Maintenance 441.47 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 175.50 0.00 0.00 0.00 175.50
T&D Mat Dist-Central Warehouse 0.00 0.00 0.00 0.00 0.00
Energy Tran-Transmission Line 0.00 0.00 0.00 0.00 0.00
Energy Tran-Station 243,753.85 164.86 (209.07) 96.71 (455.12)
St Const-System Maint-Tools/Equipment 0.00 0.00 0.00 0.00 0.00
Operations Center (75.52) 0.00 (75.52) 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 10,712.91 0.00 0.00 0.00 9,262.91
Land Mangement Forestry 0.00 0.00 0.00 0.00 0.00
Land Management Real Estate 336.67 2.16 99.79 16.43 99.64
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 23,216.55 0.00 23,216.55 0.00 0.00
AdminCorporate Communications 546.17 0.00 546.17 0.00 0.00
Admin-Rates 0.00 0.00 0.00 0.00 0.00
AdminOtherAdministrative Group (9,264.11) 1.40 (113.65) 37.15 25.26
Accounting-Adm 0.00 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 9,475.62 0.00 493.48 0.00 357.09
Corp Svc-Building Services 42,525.94 1.81 105.34 13.72 305.70
Corp Svc-Office Services 1,810.66 0.00 0.00 0.00 0.00
LABOR FRINGES ON O&M LABOR 55,871.85 58.21 650.27 88.30 3,894.14
TOTAL O&M COSTS 515,950.93 264.58 27,354.09 719.09 49,768.30
CONSTRUCTION, RETIRE, OTHER WIP 535,233.61 0.00 441.00 449.43 49,630.74
MATERIAL & SUPPLY COSTS 7,845.41 0.00 0.00 0.00 410.96
FACILITY COSTS 1,902.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 1,419.00 0.00 0.00 0.00 0.00
------------- ------- ---------- --------- ----------
TOTAL $1,062,350.95 $264.58 $27,795.09 $1,168.52 $99,810.00
WHEELING POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $0.00 $ 0.00 $ 0.00 $ 0.00
Marketing-Business Services 0.00 646.72 0.00 0.00
Dist Reg-Managerial 0.00 53,256.27 553.64 0.00
Dist Reg-Customer Services 0.00 611.52 179.27 15.68
Dist Reg-Eng-Engin & Planning 0.00 6,567.55 248.58 0.00
Dist Reg-Eng-Information & Drafting 0.00 0.00 0.00 0.00
Dist Reg-Stores 0.00 384.55 8.66 0.00
Dist Reg-Operations-Administrative 0.00 0.00 0.00 0.00
Dist Reg-Operations-Meter 0.00 18,214.90 47.41 0.00
Dist Reg-Operations-Line 0.00 16,327.00 114.79 0.00
Engy Dis Sup-Right of Way Maintenance 0.00 441.47 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 0.00 0.00 0.00
Energy Tran-Station 0.00 241,409.49 2,746.98 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 0.00 1,450.00 0.00 0.00
Land Mangement Forestry 0.00 0.00 0.00 0.00
Land Management Real Estate 0.00 73.98 44.67 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 (9,754.07) 33.86 505.94
Accounting-Adm 0.00 0.00 0.00 0.00
Corp Svc-Fleet Management 0.00 9,211.29 25.24 (611.48)
Corp Svc-Building Services 0.00 41,297.73 37.21 764.43
Corp Svc-Office Services 0.00 1,810.66 0.00 0.00
LABOR FRINGES ON O&M LABOR 0.00 48,142.19 2,308.34 730.40
TOTAL O&M COSTS 0.00 430,091.25 6,348.65 1,404.97
CONSTRUCTION, RETIRE, OTHER WIP 0.00 482,982.07 1,565.35 165.02
MATERIAL & SUPPLY COSTS 0.00 7,419.46 14.99 0.00
FACILITY COSTS 0.00 0.00 0.00 1,902.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 1,419.00
----- ----------- --------- ---------
TOTAL $0.00 $920,492.78 $7,928.99 $4,890.99
OHIO POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 2,837.32 $ 52.58 $ 1,085.65 $ 205.86 $ 660.28
Marketing-Business Services 908.82 7.59 153.06 28.84 427.65
Dist Reg-Managerial 136,574.31 84.30 14,024.96 1,430.64 1,674.10
Dist Reg-Customer Services 333,730.09 127.61 4,946.85 83,030.17 5,155.89
Dist Reg-Eng-Engin & Planning 158,602.38 142.40 26,777.36 5,495.51 20,398.37
Dist Reg-Eng-Information & Drafting 9,234.20 11.76 365.81 72.71 167.97
Dist Reg-Stores 165,387.48 37.17 61,787.61 240.70 821.52
Dist Reg-Operations-Administrative (551.92) 0.97 44.23 7.36 43.52
Dist Reg-Operations-Meter 82,474.44 11.72 16,713.66 6,494.63 2,725.75
Dist Reg-Operations-Line 1,335,124.57 440.46 417,925.61 30,669.27 239,683.48
Engy Dis Sup-Right of Way Maintenance 81,068.46 56.07 3,163.28 27,540.77 2,173.26
Dist Eng-Engineering & Planning 13,283.76 46.90 1,316.83 112.75 60.27
Dist Data Systems-Joint Use 93,497.88 302.66 8,744.50 1,810.44 50,526.81
T&D Mat Dist-Central Warehouse 676,721.23 9,162.27 318,012.39 77,138.59 151,326.14
Energy Tran-Transmission Line 494,685.45 1,406.25 28,122.44 15,274.10 84,622.42
Energy Tran-Station 941,203.26 5,989.00 216,827.82 48,316.12 52,306.41
St Const-System Maint-Tools/Equipment 6,142.18 14.06 4,442.90 88.47 285.18
Operations Center 1,405,542.40 430.84 126,216.93 25,548.82 64,771.55
Engy Delivery Sup-Meter Operations 478,388.21 6,794.86 152,703.35 30,189.35 127,562.18
Telecom-Telcommunications Engineering 5,024.40 0.00 0.00 0.00 0.00
Telecom-Telcommunications Operations 89,376.00 898.94 9,143.54 3,654.36 12,139.41
Land Mangement Forestry 1,700.62 0.00 1.15 0.24 0.48
Land Management Real Estate (31,998.90) 0.04 2.81 0.67 2.71
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 869,600.04 138.59 469,844.56 85,581.37 33,863.30
Hydro Plant 8,636.97 0.01 2,087.86 6.51 740.32
Nuclear Generation 0.00 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 32,854.23 0.00 0.00 0.00 0.00
AdminCorporate Communications 275,913.26 62.90 3,899.55 865.59 3,569.33
Admin-Rates 209,760.91 7.88 579.11 135.43 558.38
AdminOtherAdministrative Group 7,486,604.50 4,720.97 2,290,842.99 359,209.31 2,181,418.78
Accounting-Adm 80.36 1.25 28.09 5.60 18.00
Corp Svc-Fleet Management 163,326.78 339.47 10,326.78 1,598.85 42,123.90
Corp Svc-Building Services 115,112.32 6.28 8,242.37 6,139.81 11,076.53
Corp Svc-Office Services 7,249.61 12.00 1,668.73 4,438.38 581.61
LABOR FRINGES ON O&M LABOR 1,442,586.16 6,568.22 361,373.24 114,680.17 178,013.68
TOTAL O&M COSTS 17,090,681.78 37,876.02 4,561,416.02 930,011.39 3,269,499.18
CONSTRUCTION, RETIRE, OTHER WIP 12,822,159.98 51.19 1,617,814.04 512,561.73 6,449,124.43
MATERIAL & SUPPLY COSTS 3,061,205.82 50.42 510,149.17 421,846.35 205,282.70
FACILITY COSTS 1,525,765.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 598,773.00 0.00 0.00 0.00 0.00
-------------- ---------- ------------- ------------- -------------
TOTAL $35,098,585.58 $37,977.63 $6,689,379.23 $1,864,419.47 $9,923,906.31
OHIO POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 48.78 $0.00 $ 784.17 $ 0.00
Marketing-Business Services 6.91 0.00 284.77 0.00
Dist Reg-Managerial (53.17) 0.00 119,366.43 47.05
Dist Reg-Customer Services 92,054.84 0.00 148,050.54 364.19
Dist Reg-Eng-Engin & Planning 34,635.69 0.00 71,137.65 15.40
Dist Reg-Eng-Information & Drafting 8,404.84 0.00 211.11 0.00
Dist Reg-Stores 3,432.02 0.00 99,068.46 0.00
Dist Reg-Operations-Administrative (667.91) 0.00 19.91 0.00
Dist Reg-Operations-Meter 558.68 0.00 55,970.00 0.00
Dist Reg-Operations-Line 34,009.31 0.00 612,372.85 23.59
Engy Dis Sup-Right of Way Maintenance 1,480.02 0.00 46,655.06 0.00
Dist Eng-Engineering & Planning 10,744.09 0.00 1,002.92 0.00
Dist Data Systems-Joint Use 23,948.89 0.00 7,461.18 703.40
T&D Mat Dist-Central Warehouse 12,102.27 0.00 108,979.57 0.00
Energy Tran-Transmission Line 13,353.04 0.00 350,273.38 1,633.82
Energy Tran-Station 167,254.37 0.00 450,474.78 34.76
St Const-System Maint-Tools/Equipment 14.58 0.00 1,296.99 0.00
Operations Center 3,738.24 0.00 1,184,836.02 0.00
Engy Delivery Sup-Meter Operations 9,186.63 0.00 151,951.84 0.00
Telecom-Telcommunications Engineering 0.00 0.00 5,024.40 0.00
Telecom-Telcommunications Operations 25,654.09 0.00 37,884.42 1.24
Land Mangement Forestry 0.00 0.00 1,698.75 0.00
Land Management Real Estate 0.05 0.00 (32,005.58) 0.40
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 220.88 0.00 233,500.87 46,450.47
Hydro Plant 0.01 0.00 3,814.80 1,987.46
Nuclear Generation 0.00 0.00 0.00 0.00
AdminState Pres/Envir & Govt Affairs 0.00 0.00 32,854.23 0.00
AdminCorporate Communications 27,525.07 0.00 239,958.39 32.43
Admin-Rates 9.76 0.00 208,470.35 0.00
AdminOtherAdministrative Group (34,998.57) 0.00 2,633,567.37 51,843.65
Accounting-Adm 1.27 0.00 20.74 5.41
Corp Svc-Fleet Management 26,313.51 0.00 85,177.83 (2,553.56)
Corp Svc-Building Services 5,398.41 0.00 67,797.73 16,451.19
Corp Svc-Office Services 301.05 0.00 247.84 0.00
LABOR FRINGES ON O&M LABOR 126,249.66 0.00 635,861.14 19,840.05
TOTAL O&M COSTS 590,927.31 0.00 7,564,070.91 136,880.95
CONSTRUCTION, RETIRE, OTHER WIP 717,566.04 0.00 3,200,913.99 324,128.56
MATERIAL & SUPPLY COSTS 117,508.07 0.00 1,804,602.97 1,766.14
FACILITY COSTS 0.00 0.00 0.00 1,525,765.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 598,773.00
------------- ----- -------------- -------------
TOTAL $1,426,001.42 $0.00 $12,569,587.87 $2,587,313.65
COLUMBUS SOUTHERN POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK Total KGPCO APCO KPCO I&M
---------------------------- ----- ----- ---- ---- ---
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 13,837.81 $ 163.48 $ 4,204.91 $ 867.38 $ 2,198.53
Marketing-Business Services 0.00 0.00 0.00 0.00 0.00
Dist Reg-Managerial 174,254.68 413.16 16,888.94 20,021.38 6,340.46
Dist Reg-Customer Services 231,062.12 180.96 27,299.98 2,226.71 3,239.48
Dist Reg-Eng-Engin & Planning 107,481.04 184.62 11,697.08 6,918.56 5,041.17
Dist Reg-Eng-Information & Drafting 66,796.27 38.34 7,215.96 1,965.80 676.50
Dist Reg-Stores 2,194.62 17.32 568.60 99.64 445.65
Dist Reg-Operations-Administrative 678,508.90 187.75 129,161.55 23,019.83 341.27
Dist Reg-Operations-Meter 96,534.33 6.69 710.53 255.00 200.98
Dist Reg-Operations-Line 196,387.56 397.02 33,614.37 3,300.31 84,317.72
Engy Dis Sup-Right of Way Maintenance 993,168.11 45.61 2,286.00 322.64 745.94
Dist Eng-Engineering & Planning 203,994.94 1,528.67 52,187.47 8,917.98 19,544.39
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 (3,641.40) 0.00 566.38 292.79 445.45
Energy Tran-Station 134,182.07 1,348.16 15,167.34 14,027.91 3,683.84
St Const-System Maint-Tools/Equipment 8,607.62 62.43 1,834.74 375.49 1,125.39
Operations Center 11,607.60 0.00 1,234.92 1,190.30 3,740.96
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 1,935.52 13.66 765.26 102.04 585.26
Telecom-Telcommunications Operations 134,246.60 755.44 29,120.65 5,409.86 20,939.34
Land Mangement Forestry 287,940.78 54.33 10,554.33 4,435.80 6,818.08
Land Management Real Estate 220,844.27 8.89 2,782.53 75.45 386.43
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 61,050.66 6.39 32,582.44 2,954.49 6,381.60
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 86,029.31 0.00 0.00 0.00 0.00
AdminCorporate Communications 220,602.36 538.89 18,170.50 6,568.99 11,832.27
Admin-Rates 281,663.44 15.98 1,103.16 244.59 1,049.56
AdminOtherAdministrative Group 890,551.11 431.94 129,996.26 4,148.94 30,168.23
Accounting-Adm 194.53 3.04 71.22 14.06 45.41
Corp Svc-Fleet Management 59,340.09 22.94 1,982.45 3,481.73 2,007.13
Corp Svc-Building Services 517,328.41 9.87 97,301.21 24,616.23 117,918.13
Corp Svc-Office Services 1,954.81 42.31 647.24 155.18 443.28
LABOR FRINGES ON O&M LABOR 592,997.29 769.05 78,368.53 12,354.71 20,618.94
TOTAL O&M COSTS 6,271,655.45 7,246.94 708,084.55 148,363.79 351,281.39
CONSTRUCTION, RETIRE, OTHER WIP 3,636,212.77 532.76 179,608.97 48,931.18 481,199.50
MATERIAL & SUPPLY COSTS 174,695.87 657.85 8,201.76 3,671.18 11,943.52
FACILITY COSTS 3,337,277.00 0.00 0.00 0.00 0.00
INVESTMENT CARRYING CHARGES 1,385,645.00 0.00 0.00 0.00 0.00
-------------- --------- ----------- ----------- -----------
TOTAL $14,805,486.09 $8,437.55 $895,895.28 $200,966.15 $844,424.41
COLUMBUS SOUTHERN POWER COMPANY
2002 INTERCOMPANY BILLING COSTS INCURRED
COMPANY BENEFITING FROM WORK WPCO OPCO CSP AEPSC
---------------------------- ---- ---- --- -----
ORGANIZATION PROVIDING SERVICE
O&M COSTS
Marketing-Economic Development $ 179.42 $ 6,224.09 $0.00 $ 0.00
Marketing-Business Services 0.00 0.00 0.00 0.00
Dist Reg-Managerial 787.22 129,798.64 0.00 4.88
Dist Reg-Customer Services 315.54 197,543.11 0.00 256.34
Dist Reg-Eng-Engin & Planning 377.85 83,019.25 0.00 242.51
Dist Reg-Eng-Information & Drafting 742.97 56,156.70 0.00 0.00
Dist Reg-Stores 16.85 1,046.56 0.00 0.00
Dist Reg-Operations-Administrative 224.29 525,574.21 0.00 0.00
Dist Reg-Operations-Meter 7.54 95,353.59 0.00 0.00
Dist Reg-Operations-Line 1,095.36 73,662.78 0.00 0.00
Engy Dis Sup-Right of Way Maintenance 58.34 989,709.58 0.00 0.00
Dist Eng-Engineering & Planning 1,610.24 120,206.19 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 6.17 (4,952.19) 0.00 0.00
Energy Tran-Station 2,551.91 97,402.91 0.00 0.00
St Const-System Maint-Tools/Equipment 64.21 5,145.36 0.00 0.00
Operations Center 170.05 5,271.37 0.00 0.00
Engy Delivery Sup-Meter Operations 0.00 0.00 0.00 0.00
Telecom-Telcommunications Engineering 16.79 452.51 0.00 0.00
Telecom-Telcommunications Operations 709.72 77,311.18 0.00 0.41
Land Mangement Forestry 67.48 265,764.91 0.00 245.85
Land Management Real Estate 9.84 217,282.28 0.00 298.85
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 7.45 17,239.90 0.00 1,878.39
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 86,029.31 0.00 0.00
AdminCorporate Communications 1,032.41 182,459.30 0.00 0.00
Admin-Rates 20.01 279,230.14 0.00 0.00
AdminOtherAdministrative Group 3,727.68 701,476.81 0.00 20,601.25
Accounting-Adm 3.31 57.49 0.00 0.00
Corp Svc-Fleet Management (1,670.10) 52,045.56 0.00 1,470.38
Corp Svc-Building Services 3,423.23 176,514.63 0.00 97,545.11
Corp Svc-Office Services 42.58 624.22 0.00 0.00
LABOR FRINGES ON O&M LABOR 1,525.74 452,840.83 0.00 26,519.49
TOTAL O&M COSTS 17,124.10 4,890,491.22 0.00 149,063.46
CONSTRUCTION, RETIRE, OTHER WIP 2,952.58 2,820,057.51 0.00 102,930.27
MATERIAL & SUPPLY COSTS 230.43 149,991.13 0.00 0.00
FACILITY COSTS 0.00 0.00 0.00 3,337,277.00
INVESTMENT CARRYING CHARGES 0.00 0.00 0.00 1,385,645.00
---------- ------------- ----- -------------
TOTAL $20,307.11 $7,860,539.86 $0.00 $4,974,915.73
EXHIBIT G
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. Indian Mesa Power Partners II LP (EWG) (a)
01. AEP Desert Sky LP II, LLC
02. Indian Mesa Power Partners I LP (EWG)
01. AEP Resources, Inc.
02. AEP Resources Australia Pty., Ltd.
03. Pacific Hydro Ltd. (20%) (FUCO)
02. AEP Resources International, Limited
03. NGLE Pushan Power LDC (b)
04. Nanyang General Light Electric Co., Ltd. (FUCO) (c)
03. AEP Resources 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)(e)
05. AEPR Global Holland Holdings B.V. (FUCO)
04. AEP Holdings II C.V. (FUCO) (f)
05. AEP Energy Services UK Generation Limited (FUCO)
05. AEP Energy Services Limited (FUCO)
05. Intergen Denmark, Aps (FUCO) (g)
02. AEP Delaware Investment Company II (FUCO)
03. AEP Holdings II C.V. (FUCO) (f)
04. AEP Energy Services UK Generation Limited (FUCO)
04. AEP Energy Services Limited (FUCO)
05. AEP Energy Svc (Germany) GmbH (FUCO)
05. AEP Energy Service - Austria (FUCO)
05. AEPES (Switzerland) GmbH (FUCO)
04. AEPR Global Ventures B.V. (FUCO)
05. AEP Energy Services Australia (FUCO)
05. AEP Energy Services Nordic SA (FUCO)
05. Operaciones Azteca VIII, S. de R.L. de C.V. (FUCO) (h)
05. Servicios Azteca VIII, S. de R.L. de C.V. (FUCO) (h)
04. Intergen Denmark, Aps (FUCO) (g)
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) (e)
06. AEPR Global Holland Holdings B.V. (FUCO)
05. AEP Holdings II C.V. (FUCO) (f)
06. AEP Energy Services UK Generation Limited (FUCO)
06. AEP Energy Services Limited (FUCO)
07. AEP Energy Svc (Germany) GmbH (FUCO)
07. AEP Energy Service - Austria (FUCO)
06. AEPR Global Ventures B.V. (FUCO)
07. AEP Energy Services Australia (FUCO)
07. AEP Energy Services Nordic SA (FUCO)
06. Intergen Denmark, Aps (FUCO) (g)
07. Energia Azteca VIII, S. de R.L. de C.V. (FUCO)
04. AEPR Global Investments B.V. (FUCO) (e)
05. AEPR Global Holland Holdings B.V. (FUCO)
01. AEP Utilities, Inc.
02. CSW Energy, Inc.
03. Newgulf Power Venture, Inc. (EWG)
03. AEP Wind GP, LLC
04. Trent Wind Farm L.P. (EWG) (i)
03. AEP Wind LP, LLC
03. AEP Wind LP, II, LLC
04. Trent Wind Farm L.P. (EWG) (i)
02. CSW International, Inc.
03. CSW UK Holdings
04. CSWI Europe Limited
05. South Coast Power Limited (FUCO) (j)
03. CSW International, Inc. (a Cayman Island Company)
04. CSW Vale L.L.C. (FUCO) (k)
05. Empresa de Eletricidade Vale de Paranapanema S.A. (l)
03. CSW Vale L.L.C. (FUCO) (k)
(a) Owned 99% by AEP Desert Sky, LLC and 1% by AEP Desert Sky GP,LLC.
(b) Owned 99% by AEP Resources International, Limited and 1% by AEP
Resources Project Management Company, Ltd.
(c) NGLE Pushan Power LDC owns 70% and the remaining 30% is owned by
two unaffiliated companies.
(d) Owned 85% by AEP Delaware Investment Co. III and 15% by AEP Delaware
Investment Company.
(e) Owned 85% by AEP Holdings I C.V. and 15% by AEP Delaware Investment
Company III.
(f) Owned 85% by AEP Holdings I C.V. and 15% by AEP Delaware Investment
Company II.
(g) Owned 50% by AEP Holdings II C.V. and 50% by an unaffiliated company.
(h) Owned 50% by AEPR Global Ventures B.V. and 50% by an unaffiliated
company.
(i) Owned 99% by AEP Wind LP, LLC and 1% by AEP Wind GP, LLC.
(j) Owned 50% by CSWI Europe Limited and 50% by an unaffiliated company.
(k) Owned 99% by CSW International, Inc. (Cayman) and 1% by CSW
International, Inc. (Delaware).
(l) Owned 21.42% by CSW Vale L.L.C. and 78.58% by an unaffiliated company.