UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
File No. 70-10088
REPORT
PERIOD
January 1, 2004 to March 31, 2004
In the matter of:
AMERICAN ELECTRIC POWER COMPANY,
INC.
This Certificate of Notification is filed by American Electric Power Company, Inc., a New York corporation (AEP), pursuant to Rule 24 (17 C.F.R. 250.24) under the Public Utility Holding Company Act of 1935 (the Act). Such filing is made in connection with the Form U-1, as amended, filed by AEP and certain of its direct and indirect subsidiaries in File 70-10088 and as authorized by order of the Securities and Exchange Commission (the Commission) dated December 18, 2002 in that file. The order directs that AEP file with the Commission quarterly certificates pursuant to Rule 24 within 60 days after the fiscal quarter in which transactions occur.
This Certificate of Notification reports transactions for the quarter ended March 31, 2004.
AEP hereby certifies for itself and its subsidiaries the following:
AMERICAN ELECTRIC POWER COMPANY, INC., et al.
QUARTERLY
REPORT PER REQUIREMENTS
OF HOLDING COMPANY ACT RELEASE NO. 27623
FILE NO. 70-10088
FOR THE
QUARTER ENDED MARCH 31, 2004
Contents
| |||||
---|---|---|---|---|---|
Item
|
Description
| ||||
1 | The amount and terms of any long-term debt issued during the quarter by AEP Texas Central Company, AEP Texas North Company, Southwestern Electric Power Company, or Wheeling Power Company issued under the authority granted in this order. | ||||
2 | For all guarantees issued during the quarter, a listing of the names of the guarantors, the names of the beneficiaries of the guarantees, and the amount of the guarantees. | ||||
3 | The amount and terms of any short-term debt issued by AEP, AEP Utilities, Inc. and/or any of the utility subsidiaries during the quarter. | ||||
4 | The notional amount and principal terms of any hedge instruments or anticipatory hedges entered into during the quarter and the identity of the other parties to the transaction. | ||||
5 | The name, parent company and the amount invested in any financing entity during the quarter. | ||||
6 | Capitalization chart for AEP and each of the utility subsidiaries as of March 31, 2004. | ||||
7 | For all participants in the Nonutility Money Pool and all participants in the Utility Money Pool, a listing of the maximum borrowings from and loans to the respective money pools during the quarter and the interest rate applied to those borrowings and loans. | ||||
8 | Listing of Form U-6B-2 statements filed during the quarter with the Securities and Exchange Commission, including the name of the filing entity and the date of the filing. | ||||
9 | The date, amount and payee of dividends out of capital or unearned surplus paid by all nonutility subsidiaries during the quarter. | ||||
10 | Signature page. | ||||
Item 1
The amount and terms of any long-term debt issued during the quarter by AEP Texas Central Company, AEP Texas North Company, Southwestern Electric Power Company, or Wheeling Power Company issued under the authority granted in this order.
AEP Texas Central Company
AEP Texas North Company
Southwestern Electric Power Company
Wheeling Power Company
Item 2
For all guarantees issued during the quarter, a listing of the names of the guarantors, the names of the beneficiaries of the guarantees, and the amount of the guarantees.
Guarantor
|
Beneficiary
|
Amount of Guarantee (in thousands) |
Type of Guarantee
| |||||
---|---|---|---|---|---|---|---|---|
AEP | BLC Leasing, Inc. | $29,311 | Payment | |||||
AEP | Barclays Bank PLC | 17,800 | Payment | |||||
AEP | BHP Billiton Marketing AG | 10,000 | Payment | |||||
AEP | BP Gas Marketing Limited, BP Marine Limited, BP Oil International Limited | 10,000 | Payment | |||||
AEP | Cinergy Global Trading Limited (CGT) | 13,350 | Payment | |||||
AEP | Entergy-Koch Trading Limited & Entergy-Koch Trading GmbH | 8,900 | Payment | |||||
AEP | Essent Energy Trading BV | 1,200 | Payment | |||||
AEP | J. Aron and Company (EPSCO) | 35,600 | Payment | |||||
AEP | Powergen UK PLC | 26,700 | Payment | |||||
AEP | Scottish Power Energy Management Ltd. | 17,800 | Payment | |||||
AEP | Sempra Energy Europe Limited and Sempra Nergy Europe Espana SL | 5,000 | Payment | |||||
AEP | SSE Energy Supply Limited | 14,240 | Payment | |||||
AEP | TotalFinaElf Gas and Power Limited | 4,450 | Payment |
Item 3
The amount and terms of any short-term debt issued by AEP, AEP Utilities, Inc. or any of the utility subsidiaries during the quarter.
Short-term Borrowings for the Quarter Ended March
31, 2004
(in thousands)
Borrower: American Electric Power Company, Inc.
Source
|
Outside Borrowings During Period |
Repayments During Period |
Amount Outstanding at End of Period |
Weighted Average Interest Rate During Period |
|||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Commercial Paper | $597,706 | $596,030 | $283,500 | 1 | .5278% | ||||||
Bank Credit Facility | - | - | - | -% | |||||||
|
|
|
| ||||||||
Total External Short-term Borrowings | $597,706 | $596,030 | $283,500 | 1 | .5278% | ||||||
|
|
|
|
Item 4
The notional amount and principal terms of any hedge instruments or anticipatory hedges entered into during the quarter and the identity of the other parties to the transaction.
None
Item 5
The name, parent company and the amount invested in any financing entity during the quarter.
None
Item 6
Capitalization chart for AEP and each of the utility subsidiaries as of March 31, 2004.
CAPITALIZATION STRUCTURE | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(as of March 31, 2004) | |||||||||||||||||||||
($s in thousands) | |||||||||||||||||||||
Common Equity | Preferred Stock * |
Long-term Debt | Short-term Debt ** |
Total Capitalization | |||||||||||||||||
Company
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
|
Amount
|
%
| |||||||||||
American | |||||||||||||||||||||
Electric Power | |||||||||||||||||||||
Company, Inc. | $8,071,000 | 36 | .2 | $133,000 | 0 | .6 | $13,767,000 | 61 | .7 | $326,000 | 1 | .5 | $22,297,000 | 100 | .0 | ||||||
AEP | |||||||||||||||||||||
Generating | |||||||||||||||||||||
Company | 46,440 | 42 | .6 | - | 0 | .0 | 44,813 | 41 | .1 | 17,745 | 16 | .3 | 108,998 | 100 | .0 | ||||||
AEP Texas | |||||||||||||||||||||
Central Company | 1,197,837 | 34 | .5 | 5,940 | 0 | .2 | 2,261,861 | 65 | .3 | - | 0 | .0 | 3,465,638 | 100 | .0 | ||||||
AEP Texas North | |||||||||||||||||||||
Company | 244,592 | 42 | .2 | 2,357 | 0 | .4 | 332,748 | 57 | .4 | - | 0 | .0 | 579,697 | 100 | .0 | ||||||
Appalachian | |||||||||||||||||||||
Power Company | 1,373,258 | 42 | .4 | 23,144 | 0 | .7 | 1,824,724 | 56 | .4 | 16,566 | 0 | .5 | 3,237,692 | 100 | .0 | ||||||
Columbus | |||||||||||||||||||||
Southern Power | |||||||||||||||||||||
Company | 909,426 | 50 | .3 | - | 0 | .0 | 897,643 | 49 | .7 | - | 0 | .0 | 1,807,069 | 100 | .0 | ||||||
Indiana | |||||||||||||||||||||
Michigan Power | |||||||||||||||||||||
Company | 1,088,600 | 43 | .6 | 69,546 | 2 | .8 | 1,340,101 | 53 | .6 | - | 0 | .0 | 2,498,247 | 100 | .0 | ||||||
Kentucky Power | |||||||||||||||||||||
Company | 321,624 | 38 | .8 | - | 0 | .0 | 507,625 | 61 | .2 | - | 0 | .0 | 829,249 | 100 | .0 | ||||||
Kingsport Power | |||||||||||||||||||||
Company | 26,114 | 54 | .3 | - | 0 | .0 | 20,000 | 41 | .5 | 2,037 | 4 | .2 | 48,151 | 100 | .0 | ||||||
Ohio Power | |||||||||||||||||||||
Company | 1,479,765 | 41 | .4 | 21,645 | 0 | .6 | 2,049,509 | 57 | .3 | 26,572 | 0 | .7 | 3,577,491 | 100 | .0 | ||||||
Public Service | |||||||||||||||||||||
Company of | |||||||||||||||||||||
Oklahoma | 464,477 | 42 | .5 | 5,267 | 0 | .5 | 574,334 | 52 | .6 | 47,642 | 4 | .4 | 1,091,720 | 100 | .0 | ||||||
Southwestern | |||||||||||||||||||||
Electric Power | |||||||||||||||||||||
Company | 708,877 | 44 | .1 | 4,700 | 0 | .3 | 855,374 | 53 | .3 | 36,268 | 2 | .3 | 1,605,219 | 100 | .0 | ||||||
Wheeling Power | |||||||||||||||||||||
Company | 35,735 | 54 | .4 | - | 0 | .0 | 30,000 | 45 | .6 | - | 0 | .0 | 65,735 | 100 | .0 |
*Preferred stock of American Electric Power Company, Inc. includes Cumulative Preferred Stocks
of Subsidiaries Subject to Mandatory Redemption ($72 million) and Cumulative Preferred Stocks of Subsidiaries
not Subject to Mandatory Redemption ($61 million).
** Short-term Debt includes both Short-term Debt and Advances from Affiliates.
Item 7
For all participants in the Nonutility Money Pool and all participants in the Utility Money Pool, a listing of the maximum borrowings from and loans to the respective money pools during the quarter and the interest rate applied to those borrowings and loans.
Nonutility Money Pool Internal Maximum Short-term Borrowings and Loans | |||||
---|---|---|---|---|---|
for the Quarter Ended March 31, 2004 | |||||
(in thousands) | |||||
Maximum Borrowings from Nonutility Money Pool |
Maximum Loans to Nonutility Money Pool | ||||
AEP Acquisition, LLC | $103 | $- | |||
AEP C&I Company, LLC | 6,496 | - | |||
AEP Coal Company | 75,623 | - | |||
AEP Communications, Inc. | - | 1,192 | |||
AEP Communications, LLC | 64,182 | - | |||
AEP Delaware Investment Company | 1 | - | |||
AEP Desert Sky LP, LLC | 19,793 | - | |||
AEP Elmwood, LLC | - | 15,776 | |||
AEP EmTech, LLC | 10,080 | - | |||
AEP Energy Services, Inc. | 237,264 | - | |||
AEP Energy Services, Ltd | 470,482 | - | |||
AEP Energy Svcs Gas Holding Company | - | 34,075 | |||
AEP Fiber Venture, LLC | 28,358 | - | |||
AEP Gas Marketing LP | 7,566 | 71,621 | |||
AEP Gas Power GP, LLC | 19,286 | - | |||
AEP Holdings I CV | - | 33 | |||
AEP Investments, Inc. | 6,491 | - | |||
AEP MEMCo, LLC | - | 63,258 | |||
AEP ProServ, Inc. | - | 26,774 | |||
AEP Pushan Power, LDC | 141 | - | |||
AEP Resources International, Ltd | 2 | - | |||
AEP Resources, Inc. | 406,148 | - | |||
AEP T&D Services, LLC | 292 | - | |||
AEP Texas C&I Retail, GP, LLC | 245 | - | |||
AEP Texas C&I Retail, LP | 50 | 10,511 | |||
AEP Texas POLR, LLC | - | 2,182 | |||
C3 Networks GP, LLC | 751 | - | |||
C3 Communications, Inc. | 43,706 | - | |||
CSW Development I, Inc. | - | 9,968 | |||
CSW Eastex LP I Inc | 4,650 | - | |||
CSW Energy, Inc. | 100,734 | - | |||
CSW Energy Services, Inc. (ESI) | 28,544 | - | |||
CSW International, Inc. | 43,288 | - | |||
CSWE/Fort Lupton, Inc. | - | 9,411 | |||
Dolet Hills Lignite Company, LLC | 1,759 | 3,035 | |||
Houston Pipeline Company, LP | - | 152,910 | |||
Jefferson Island Storage & Hub, LLC | - | 5,872 | |||
LIG Chemical Company | 45,146 | 16,230 | |||
LIG Liquids, LLC | 6,077 | 838 | |||
LIG Pipeline Company | 51 | - | |||
LIG, Inc. | 35 | - | |||
Louisiana Intrastate Gas Company, LLC | 9,953 | 54,945 | |||
MidTexas Pipeline Company | 502 | 281 | |||
Mutual Energy SWEPCo, LP | 1,631 | - | |||
Mutual Energy, LLC | - | 8,438 | |||
Newgulf Power Venture | - | 3,881 | |||
POLR Power, LP | 10,139 | - | |||
Rep General Partner, LLC | - | 3,172 | |||
Rep Holdco, Inc. | - | 36,904 | |||
Tuscaloosa Pipeline Company | - | 368 | |||
United Sciences Technology | - | 2,154 | |||
Ventures Lease Co., LLC | 72 | 7,041 |
Interest Rate
|
Days Borrowed/Invested
| ||||
---|---|---|---|---|---|
Weighted Average Interest Rate for Borrowed Funds | 1.5278% | 91 | |||
Weighted Average Interest Rate for Invested Funds | 0.0000% | 0 |
Item 7(Continued)
Utility Money Pool Internal Maximum Short-term Borrowings and Loans | |||||
---|---|---|---|---|---|
for the Quarter Ended March 31, 2004 | |||||
(in thousands) | |||||
Maximum Borrowings from Utility Money Pool |
Maximum Loans to Utility Money Pool | ||||
AEP Generating Company | $53,426 | $- | |||
AEP Service Corporation | 122,378 | 33,085 | |||
AEP System Pool | 35,420 | 133,047 | |||
AEP Texas Central Company | 8,764 | 99,302 | |||
AEP Texas North Company | 16,136 | 48,383 | |||
Appalachian Power Company | 122,683 | - | |||
Blackhawk Coal Company | - | 15,540 | |||
Cedar Coal Company | - | 13,935 | |||
Central Appalachian Coal Company | - | 1,903 | |||
Central Coal Company | - | 576 | |||
Colomet Inc. | 1,012 | 1,399 | |||
Columbus Southern Power Company | 16,223 | 32,497 | |||
Conesville Coal Prep Company | - | 2,168 | |||
Franklin Real Estate Company | 20 | 240 | |||
Indiana & Michigan Power Company | 155,662 | 1,101 | |||
Indiana Franklin Realty | 17 | 13 | |||
Kentucky Power Company | 44,749 | 13,142 | |||
Kingsport Power Company | 23,972 | 2,350 | |||
Ohio Power Company | - | 297,136 | |||
Public Service Company of Oklahoma | 53,271 | - | |||
Simco Inc. | - | 372 | |||
Southern Appalachian Coal Company | - | 8,248 | |||
Southwestern Electric Power Company | 57,784 | 63,568 | |||
Wheeling Power Company | - | 15,928 |
Interest Rate
|
Days Borrowed/Invested
| ||||
---|---|---|---|---|---|
Weighted Average Interest Rate for Borrowed Funds | 1.6271% | 57 | |||
Weighted Average Interest Rate for Invested Funds | 0.9280% | 34 |
Item 8
Listing of Form U-6B-2 statements filed during the quarter with the Securities and Exchange Commission, including the name of the filing entity and the date of the filing.
Filing
|
Company
|
Filing Date
| |||||
---|---|---|---|---|---|---|---|
U-6B-2 | American Electric Power Company, Inc. | January 8, 2004 |
Item 9
The date, amount and payee of dividends out of capital or unearned surplus paid by all nonutility subsidiaries during the quarter.
Dividend Paid by
|
Date Paid
|
Amount
|
Paid To
| ||||
---|---|---|---|---|---|---|---|
Dolet Hills Lignite Company, LLC |
March 30, 2004 | $195,004 | Southwestern Electric Power Company | ||||
AEP Delaware Investment Company II |
January 2, 2004 | 5,785,000 | AEP Resources, Inc. | ||||
AEP Delaware Investment Company II |
March 2, 2004 | 61,066,175 | AEP Resources, Inc. | ||||
AEP Energy Services Ventures, Inc. |
March 31, 2004 | 520,000 | AEP Energy Services Gas Holding Company II, LLC |
||||
AEP Energy Services Investments, Inc. |
March 31, 2004 | 7,081,454 | AEP Energy Services Gas Holding Company II, LLC |
||||
NewGulf Power Venture, Inc. | March 24, 2004 | 3,879,216 | CSW Energy, Inc. |
Item 10
Said transactions have been carried out in accordance with the terms and conditions of, and for the purpose represented in, the Form U-1 Application-Declaration, as amended, of AEP, et al, in File No. 70-10088 and in accordance with the terms and conditions of the Commissions order dated December 18, 2002, permitting said Application-Declaration to become effective.
Signature Page
DATED: May 28, 2004
BY: AMERICAN ELECTRIC POWER COMPANY, INC. for itself and its subsidiaries
BY: /s/ Brian J. Capo
Brian J. Capo
Managing Director - Financial Reporting
AEP Service Corporation