UNITED STATES OF AMERICA
before the
SECURITIES AND EXCHANGE COMMISSION
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In the Matter of :
:
AMERICAN ELECTRIC POWER COMPANY, INC. :
AEP Energy Services, Inc. :
AEP Resources, Inc. :
1 Riverside Plaza : CERTIFICATE OF
Columbus, OH 43215 : NOTIFICATION
:
File No. 70-9353 :
:
(Public Utility Holding Company Act of 1935) :
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American Electric Power Company, Inc. ("AEP"), a registered holding
company under the Public Utility Holding Company Act of 1935, as amended, AEP
Energy Services, Inc. and AEP Resources, Inc. ("Resources"), wholly-owned
nonutility subsidiaries of AEP, hereby certify in connection with the
Application-Declaration on Form U-1 in the above-entitled matter, that certain
of the transactions specified in said Application-Declaration, as amended, have
been carried out in accordance with the terms and conditions of, and for the
purposes represented by, said Application-Declaration, as amended, and the Order
of the Securities and Exchange Commission with respect thereto, dated November
2, 1998 (HCAR No. 35-26933), as follows:
1. On November 30, 2000, Ventures Lease Co., LLC ("VLC"), an indirect
wholly-owned nonutility subsidiary of AEP, entered into an Agreement for Lease
with Katco Funding, Limited Partnership ("Katco"), whereby Katco appointed VLC
as Katco's agent for the acquisition, design, construction, repair, maintenance,
equipping and installation of an approximately 900 megawatt gas-fired
cogeneration plant at The Dow Chemical Company's ("Dow") chemical complex in
Plaquemine, Louisiana (the "Facility"). The Facility consists of four natural
gas-fired combustion turbine generators equipped with four dedicated
supplementary-fired heat recovery steam generator units including
interconnection facilities and a steam turbine generator. Total costs are
expected to be approximately $450 million.
2. On November 30, 2000, VLC entered into a Lease Agreement with Katco
whereby VLC will lease the Facility from Katco upon completion thereof. On
December 11, 2000, VLC entered into a Facility Lease Agreement with Dow whereby
VLC will lease the Facility to Dow. VLC's obligations under the Agreement for
Lease, the Lease Agreement and the Facility Lease Agreement are guaranteed by
Resources, and Resources' obligations are supported by AEP. These agreements
were entered into by VLC, and guaranteed and supported by Resources and AEP,
respectively, pursuant to the authority granted by this Commission.
3. The transactions described herein were consummated within the
period designated in said Application-Declaration.
AMERICAN ELECTRIC POWER COMPANY, INC.
AEP ENERGY SERVICES, INC.
AEP RESOURCES, INC.
By:_/s/ Thomas G. Berkemeyer_
Assistant Secretary
Dated: March 5, 2001