AEP Money Pool

 
UNITED STATES OF AMERICA
BEFORE THE SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 

 
PUBLIC UTILITY HOLDING COMPANY ACT OF 1935
 
File No 70-10166
 
REPORT FOR PERIOD
 
July 1, 2005 to September 30, 2005
 
PURSUANT TO RULE 24
 
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”), on behalf of itself and certain of its direct and indirect subsidiaries 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 in File 70-10166 and as authorized by order of the Securities and Exchange Commission (“the Commission”) dated July 1, 2004 in that file. The order directs that the applicants file with the Commission quarterly certificates pursuant to Rule 24 within 60 days after the fiscal quarter in which transactions occur. This authority replaces and supersedes authority granted in File Numbers 70-10021 and 70-10088.
 
 
This Certificate of Notification reports transactions for the quarter ended September 30, 2005.
 
 
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. 27872
FILE NO. 70-10166
FOR THE QUARTER ENDED September 30, 2005
 
 

 
Contents
     
 Item
  
 Description
     
1
  
The sales of any Common Stock by AEP and the purchase price per share of stock issued and sold pursuant to the authority.
2
  
Amount and terms of any Long-term Debt, Preferred Stock, Preferred Securities, equity-linked securities directly or indirectly issued by AEP.
3
  
The amount and terms of any Long-term Debt issued by Kingsport Power Company, Southwestern Electric Power Company, AEP Texas Central Company, AEP Texas North Company or Wheeling Power Company issued pursuant to this authority.
4
  
The amount and terms of any pollution control refinancing issued pursuant to this order.
5
  
If a guarantee is issued during the quarter pursuant to this authority, the name of the guarantor, the name of the beneficiary of the guarantee and the amount of the guarantee.
6
  
The amount and terms of any short-term debt issued by AEP, AEP Utilities, Inc., AEP Utility Funding LLC or AEP Nonutility Funding LLC or any of the Public Utility Subsidiaries during the quarter.
7
  
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 thereto.
8
 
  
Identification of any investments in any new Electric Wholesale Generating Companies (EWGs) or Foreign Utility Companies (FUCOs) counting against the $150 million limit for such investments.
9
  
The name, parent company and the amount invested in any financing entity during the quarter.
10
  
A table showing at the end of each quarter a capitalization chart for AEP and each of the public utility subsidiaries.
11
 
  
With respect to each participant in the Utility Money Pool and each participant in the Nonutility Money Pool, the maximum borrowings from and loans to the respective Money Pool during the quarter and the interest rate applied to borrowings and loans.
12
 
  
Upon the formation of any financing subsidiary to fund any Money Pool, a statement showing the name and date of formation of the financing subsidiary, to be supplied in the next report, as well as the date of implementation or discontinuance of any of the Money Pool funding programs.
13
  
A list of Form U-6B-2 statements filed with the Securities and Exchange Commission, including the name of the filing entity and the date of the filing.
14
  
The date, amount and payee of dividends out of capital or unearned surplus paid by any nonutility subsidiary during the quarter.
15
 
  
If any subsidiaries are Variable Interest Entities (VIEs) as that term is used in FASB Interpretation 46R, Consolidation of Variable Interest Entities, provide a description of any financing transactions conducted during the reporting period that were used to fund such VIEs.
16
  
If any financing proceeds are used for VIEs, a description of the accounting for such transaction under FASB Interpretation 46R.
17
  
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that engaged in jurisdictional financing transactions during the quarter.
18
 
  
A retained earnings analysis of AEP on a consolidated basis and of each utility subsidiary detailing gross earnings, goodwill amortization, dividends paid out of each capital account and the resulting capital account balances at the end of each quarter.
19
  
Signature page.
 
 
 
Item 1
 
 
The sales of any Common Stock by AEP and the purchase price per share of stock issued and sold pursuant to the authority.
 
None
 
 
 
 
 
Item 2
 
 
Amount and terms of any Long-term Debt, Preferred Stock, Preferred Securities, equity-linked securities directly or indirectly issued by AEP.
 
 
 None
 
 
 
Item 3
 
 
The amount and terms of any Long-term Debt issued by Kingsport Power Company, Southwestern Electric Power Company, AEP Texas Central Company, AEP Texas North Company or Wheeling Power Company issued pursuant to this authority.
 
 
Company
    
Type of Security Sold
    
Terms of Security
  
Total Proceeds
 
              
 
 
Kingsport Power Company
  Borrowing Limit - $50 million
    
None
          $
-
AEP Texas Central Company
  Borrowing Limit - $600 million
    
None
          
 -
AEP Texas North Company
  Borrowing Limit - $250 million
    
None
          
-
Southwestern Electric Power Company
  Borrowing Limit - $600 million
    
None
          
-
Wheeling Power Company
  Borrowing Limit - $50 million
    
None
          
 -

 
Item 4
 
 
The amount and terms of any pollution control refinancing issued pursuant to this order.
 
None
 
 
 
Item 5
 
 
If a guarantee is issued during the quarter pursuant to this authority, the name of the guarantor, the name of the beneficiary of the guarantee and the amount of the guarantee.
 

Guarantor
  
Subsidiary
  
Amount of Guarantee
(in thousands)
None
  
None
  
$
-
 
 
Item 6
 
 
The amount and terms of any short-term debt issued by AEP, AEP Utilities, Inc., AEP Utility Funding LLC or AEP Nonutility Funding LLC or any of the public utility subsidiaries during the quarter.
 
 
Short-term Borrowings for the Quarter Ended September 30, 2005
(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
    $
-
  
$
-
  
$
-
        
-
%
Bank Credit Facility
    
-
    
-
    
-
        
-
%
                       
Total External Short-term Borrowings
  
$
-
  
$
-
  
$
-
        
-
%
 
 
 
Item 7
 
 
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 thereto.
 
 
 

AEP Legal Entity
  
 Date Entered
  
 Settlement Date
  
 Maturity Date
  
 Counter Party
  
 Debt Amount
(in millions)
  
 Rate Given to Counterparty
  
 Rate Received by AEP
 
  
 
  
 
  
 
  
 
  
 
  
 
  
 
  
Appalachian Power Company   8/12/2005     9/30/2005     9/30/2015    
Citibank
   $ 25    
Market-Based (Forward Starting Swap)
   4.70 %
Appalachian Power Company   8/18/2005     9/30/2005     9/30/2015    
Lehman
     25    
Market-Based (Forward Starting Swap)
   4.67 %
Appalachian Power Company   8/26/2005     9/30/2005     9/30/2015    
Citibank
     25    
Market-Based (Forward Starting Swap)
   4.60 %
Appalachian Power Company   9/6/2005     9/30/2005     9/30/2015    
Lehman
     25    
Market-Based (Forward Starting Swap)
   4.51 %
Indiana Michigan Power Company   8/25/2005     11/15/2005     11/15/2015    
BNP
     25    
Market-Based (Forward Starting Swap)
   4.64 %
Indiana Michigan Power Company   8/30/2005     11/15/2005     11/15/2015    
JP Morgan
     25    
Market-Based (Forward Starting Swap)
   4.59 %
Indiana Michigan Power Company   9/6/2005     11/15/2005     11/15/2015    
JP Morgan
     25    
Market-Based (Forward Starting Swap)
   4.52 %
 
 
 
 
 
 
 
Item 8
 
 
Identification of any investments in any new Electric Wholesale Generating Companies (EWGs) or Foreign Utility Companies (FUCOs) counting against the $150 million limit for such investments.
 
 
None
 
 
 
 
 
 
 
 
Item 9
 
 
The name, parent company and the amount invested in any financing entity during the quarter.
 
 
None
 
 
 
Item 10
 
 
A table showing at the end of each quarter a capitalization chart for AEP and each of the public utility subsidiaries.
 

CAPITALIZATION STRUCTURE
 (as of September 30, 2005)
 ($s in thousands)
                     
                     
   
Common Equity
  
Preferred Stock
 
Long-term Debt 
  
Short-term Debt (a)
  
Total Capitalization
Company
  
Amount
  
%
  
Amount
  
%
  
Amount
  
%
  
Amount
  
%
  
Amount
  
%
American Electric Power Company, Inc.
  
$8,985,000
  
43.2%
  
$61,000
 
0.3%
  
$11,742,000
  
56.4%
  
$15,000
 
0.1%
  
$20,803,000
  
100.0%
AEP Generating Company
  
50,605
  
47.4%
  
-
 
0.0%
  
44,826
 
42.0%
  
11,314
  
10.6%
  
106,745
  
100.0%
AEP Texas Central Company
  
1,189,232
  
38.8%
  
5,940
 
0.2%
  
1,853,443
  
60.6%
  
12,021
  
0.4%
  
3,060,636
  
100.0%
AEP Texas North Company
  
329,922
  
51.0%
  
2,357
 
0.4%
  
314,431
 
48.6%
  
-
 
0.0%
  
646,710
  
100.0%
Appalachian Power Company
  
1,653,030
  
43.2%
  
17,784
 
0.5%
  
2,151,271
  
56.3%
  
-
  
0.0%
  
3,822,085
  
100.0%
Columbus Southern Power Company
  
922,705
  
45.0%
  
-
 
0.0%
  
987,822
 
48.2%
  
138,541
  
6.8%
  
2,049,068
  
100.0%
Indiana Michigan Power Company
  
1,164,531
  
45.3%
  
8,084
  
0.3%
  
1,317,825
  
51.2%
  
81,101
  
3.2%
  
2,571,541
  
100.0%
Kentucky Power Company
  
338,190
  
41.0%
  
-
  
0.0%
  
486,657
  
59.0%
  
-
 
0.0%
  
824,847
  
100.0%
Kingsport Power Company
  
23,706
  
45.9%
  
-
 
0.0%
  
20,000
  
38.7%
  
7,985
  
15.4%
  
51,691
  
100.0%
Ohio Power Company
  
1,673,337
  
44.5%
  
16,641
  
0.4%
  
2,002,214
  
53.2%
  
70,873
  
1.9%
  
3,763,065
  
100.0%
Public Service Company of Oklahoma
  
565,032
  
48.5%
  
5,262
 
0.5%
  
571,056
  
49.1%
  
22,601
  
1.9%
  
1,163,951
  
100.0%
Southwestern Electric Power Company
  
800,721
  
51.4%
  
4,700
 
0.3%
  
753,039
  
48.3%
  
605
  
0.0%
  
1,559,065
  
100.0%
Wheeling Power Company
  
31,907
  
51.4%
  
-
  
0.0%
  
25,000
  
40.3%
  
5,130
  
8.3%
  
62,037
  
100.0%
 
 (a)
Short-term Debt includes both Short-term Debt and Advances from Affiliates. 
 
 
 
 
Item 11
 
 
With respect to each participant in the Utility Money Pool and each participant in the Nonutility Money Pool, the maximum borrowings from and loans to the respective Money Pool during the quarter and the interest rate applied to borrowings and loans.
 
 
Nonutility Money Pool Internal Maximum Short-term Borrowings and Loans
  
for the Quarter Ended September 30, 2005
  
(in thousands)
  
   
   
Maximum Borrowings
from Nonutility
Money Pool
  
Maximum
Loans
to Nonutility
Money Pool
  
AEP Acquisition LLC
  
$
-
  
$
-
  
AEP C&I Company LLC
    
130
  
-
  
AEP Coal, Inc.
    
-
    
24,788
  
AEP Coal Marketing, LLC
    
-
    
37,215
  
AEP Communications, Inc.
    
-
    
5,215
  
AEP Communications LLC
    
5,322
    
-
  
AEP Delaware Investment Company
    
-
    
-
  
AEP Delaware Investment Company II
    
-
    
-
  
AEP Desert Sky GP, LLC
    
-
    
-
  
AEP Desert Sky LP, LLC
    
20,352
    
-
  
AEP Elmwood LLC
    
276
    
1,785
  
AEP EmTech LLC
    
13,085
    
-
  
AEP Energy Services, Inc.
    
78,637
    
15,412
  
AEP Energy Services Ltd.
    
2,378
    
-
  
AEP Energy Services Investments, Inc.
    
-
    
-
  
AEP Energy Services Gas Holding Company
    
-
    
288,713
  
AEP Energy Services UK Generation Ltd.
    
-
    
-
  
AEP Fiber Venture LLC
    
-
    
25,549
  
AEP Gas Marketing LP
    
-
    
-
  
AEP Gas Power GP, LLC
    
-
    
2,144
  
AEP Holdings I CV
    
-
    
-
  
AEP Holdings II CV
    
-
    
-
  
AEP Investments, Inc.
    
58,907
    
29,886
  
AEP MEMCo LLC     99,043      -  
AEP Ohio Retail Energy LLC      -      -  
AEP Power Marketing, Inc.      -     -  
AEP ProServ, Inc.      -     15,009  
AEP Resources, Inc.     298,921     -  
AEP T&D Services LLC     -     460  
AEP Texas C&I Retail GP, LLC     132      -  
AEP Texas C&I Retail LP     -     11,384  
AEP Texas POLR LLC     1,303      -  
C3 Communications, Inc.     -     4,265  
C3 Networks GP, LLC     -      -  
C3 Networks LP     -      -  
C3 Networks & Communications LP         -      -  
CSW Development I, Inc.     -      -  
CSW Energy, Inc.     -     9,760  
CSW Energy Services, Inc.     -     3,035  
CSW International, Inc.     -      7,503  
CSW Power Marketing, Inc.     -      -  
CSWE/Fort Lupton, Inc.     -      -  
Houston Pipeline Company LP     49     -  
HPL Holdings, Inc.     -      -  
Mutual Energy SWEPCo LP     5,968      -  
Mutual Energy LLC      -     2,803  
Newgulf Power Venture, Inc.     656      -  
NGLE Pushan Power LDC     -      -  
NGLE International Ltd.      -      -  
NGLE Project Management Company Ltd.      -      -  
POLR Power LP      10,160      -  
REP General Partner LLC     -     1,827  
REP Holdco, Inc.      -     62,851  
United Sciences Testing, Inc.     274     577  
Ventures Leasing Company LLC     -      25,709  

 
Weighted Average Interest Rate for Amounts Borrowed and/or Invested by the Nonutility Pool
 for the Quarter Ended September 30, 2005
       
 
Interest
Rate
  
Days
Borrowed/
Invested
Weighted average interest rate for borrowed funds
3.43
%
  
18
Weighted average interest rate for invested funds
3.80
%
  
74
 
 
 
 
Item 11 (CONTINUED)
 
 
With respect to each participant in the Utility Money Pool and each participant in the Nonutility Money Pool, the maximum borrowings from and loans to the respective Money Pool during the quarter and the interest rate applied to borrowings and loans.
 
 


Utility Money Pool Internal Maximum Short-term Borrowings and Loans
  
for the Quarter Ended September 30, 2005
  
(in thousands)
  
 
  
   
Maximum Borrowings
from Utility
Money Pool
  
Maximum
Loans
to Utility
Money Pool
  
AEP Generating Company
  
$
40,315
  
$
-
  
AEP Service Corporation
    
74,611
    
239,806
  
AEP Texas Central Company
    
150,790
    
27,854
  
AEP Texas North Company
    
-
    
119,569
  
Appalachian Power Company
    
268,542
    
41,876
  
Blackhawk Coal Company
    
-
    
21,728
  
Cedar Coal Company
    
-
    
14,525
  
Central Appalachian Coal Company
    
-
    
1,916
  
Central Coal Company
    
-
    
558
  
Colomet Inc.
    
-
    
3,582
  
Columbus Southern Power Company
    
167,113
    
101,950
  
Conesville Coal Preparation Company
    
-
    
3,814
  
Dolet Hills Lignite Company LLC     76     4,956  
Franklin Real Estate Company
    
61
    
199
  
Indiana Franklin Realty
    
34
    
5
  
Indiana Michigan Power Company
    
189,339
    
-
  
Kentucky Power Company
    
8,342
    
19,341
  
Kingsport Power Company
    
12,333
    
-
  
Ohio Power Company
    
123,508
    
25,851
  
Public Service Company of Oklahoma
    
46,117
    
66,159
  
Simco Inc.
    
-
    
543
  
Southern Appalachian Coal Company
    
-
    
9,913
  
Southwestern Electric Power Company
    
32,939
    
17,551
  
Wheeling Power Company
    
8,978
    
1,031
  

 

Weighted Average Interest Rate for Amounts Borrowed and/or Invested by the Utility Money Pool
 for the Quarter Ended September 30, 2005
 
       
 
Interest
Rate
  
Days
Borrowed/
Invested
Weighted average interest rate for borrowed funds
3.60
%
  
92
Weighted average interest rate for invested funds
0.00
%
  
0
 
 
 
 
Item 12
 
Upon the formation of any financing subsidiary to fund any Money Pool, a statement showing the name and date of formation of the financing subsidiary, to be supplied in the next report, as well as the date of implementation or discontinuance of any of the Money Pool funding programs.
 
 
None
 
Item 13
 
A list of Form U-6B-2 statements filed 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.
  
July 11, 2005
 U-6B-2
  
Public Service Company of Oklahoma
  
July 6, 2005
 
 
 
Item 14
 
The date, amount and payee of dividends out of capital or unearned surplus paid by any nonutility subsidiary during the quarter.
 
 
 Dividend Paid by  
Date Paid
  
Amount
  
Dividends Paid to
  
C3 Communications, Inc.
  
7/29/2005
  
$
3,061,929
  
AEP Utilities, Inc.
  
 
 
 
 
 
 
Item 15
 
 
If any subsidiaries are Variable Interest Entities (VIEs) as that term is used in FASB Interpretation 46R, Consolidation of Variable Interest Entities, provide a description of any financing transactions conducted during the reporting period that were used to fund such VIEs.
 
 
None.
 
 
Item 16
 
 
If any financing proceeds are used for VIEs, a description of the accounting for such transaction under FASB Interpretation 46R.
 
 
None.
 
 
Item 17
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
 
See the following Balance Sheets previously filed with the SEC as part of AEP's Combined Form 10Q for the quarter ended September 30, 2005:

 
 
American Electric Power Company, Inc.
AEP Generating Company
AEP Texas Central Company
AEP Texas North Company
Appalachian Power Company
Columbus Southern Power Company
Indiana Michigan Power Company
Kentucky Power Company
Ohio Power Company
Public Service Company of Oklahoma
Southwestern Electric Power Company
 
 
 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
 
Shown below are the Balance Sheets for Kingsport Power Company and Wheeling Power Company which do not file Form 10Q with the SEC:
 

 
KINGSPORT POWER COMPANY
  
BALANCE SHEET
  
ASSETS
  
AS OF SEPTEMBER 30, 2005
  
(in thousands)
  
(Unaudited)
  
 
  
 
  
2005
  
ELECTRIC UTILITY PLANT
      
    Transmission
  
$
16,604
  
    Distribution
    
85,203
  
    General
    
4,335
  
    Construction Work in Progress
    
1,246
  
    TOTAL
   
107,388
  
    Accumulated Depreciation and Amortization
    
42,403
  
    TOTAL - NET
    
64,985
  
         
OTHER PROPERTY AND INVESTMENTS
        
         
    Non-Utility Property, Net
    
97
  
    TOTAL
    
97
  
         
CURRENT ASSETS
        
         
    Cash and Cash Equivalents
    
72
  
    Accounts Receivable:
      
       Customers
    
1,806
  
       Affiliated Companies
    
1,049
  
       Accrued Unbilled Revenues
    
1,808
  
      Miscellaneous     12  
       Allowance for Uncollectible Accounts
     (296 )
    Materials and Supplies
    
254
  
    Prepayments
    
1,633
  
    Other
    
171
  
    TOTAL
   
6,509
  
         
DEFERRED DEBITS AND OTHER ASSETS
        
         
    Regulatory Assets:
      
       SFAS 109 Regulatory Asset, Net
    
4,809
  
       Other
    
269
  
    Deferred Charges
    
190
  
    Deferred Property Taxes     283  
    TOTAL
   
5,551
  
    TOTAL ASSETS 
  
$
77,142
  
 
 
 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 

KINGSPORT POWER COMPANY
  
BALANCE SHEET
  
CAPITALIZATION AND LIABILITIES
  
AS OF SEPTEMBER 30, 2005
  
(in thousands)
  
(Unaudited)
  
 
  
 
  
2005
  
CAPITALIZATION
      
    Common Shareholder's Equity:
  
 
 
  
      Common Stock - No Par Value:        
        Authorized - 500,000 Shares        
        Outstanding - 410,000 Shares   $  4,100  
    Paid-in Capital
    
13,800
  
    Accumulated Other Comprehensive Income (Loss)
    
(2,204
 ) 
    Retained Earnings     8,010  
    Total Common Shareholder's Equity     23,706  
    Long-term Debt-Affiliated
    
20,000
  
    TOTAL
   
43,706
  
         
         
CURRENT LIABILITIES
        
    Advances from Affiliates     7,985  
    Accounts Payable:
    
 
  
       General
    
235
  
       Affiliated Companies
    
6,355
  
    Customer Deposits
    
2,004
  
    Taxes Accrued
    
1,492
  
    Interest Accrued     550  
    Obligations Under Capital Leases     149  
    Other
    
1,052
  
    TOTAL
   
19,822
  
         
DEFERRED CREDITS AND OTHER LIABILITIES
        
    Deferred Income Taxes     11,169  
    Regulatory Liabilities:
    
 
  
       Deferred Investment Tax Credits
    
473
  
       Asset Removal Costs     663  
    Deferred Credits
    
171
  
    Obligations Under Capital Leases
    
125
  
    Employee Benefits and Pension Obligations     1,013  
    TOTAL     13,614  
    TOTAL CAPITALIZATION AND LIABILITIES 
  
$
77,142
  
 

 
 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
WHEELING POWER COMPANY
  
BALANCE SHEET
  
ASSETS
  
AS OF SEPTEMBER 30, 2005
  
(in thousands)
  
(Unaudited)
  
 
  
 
 
 2005
  
ELECTRIC UTILITY PLANT
      
    Transmission
  
$
24,176
  
    Distribution
    
85,941
  
    General
    
6,782
  
    Construction Work in Progress
    
5,683
  
    TOTAL
   
122,582
  
    Accumulated Depreciation and Amortization
    
51,507
  
    TOTAL - NET
    
71,075
  
         
OTHER PROPERTY AND INVESTMENTS
        
         
    Non-Utility Property, Net
    
17
  
    Other
    
28
  
    TOTAL
    
45
  
         
CURRENT ASSETS
        
         
    Cash and Cash Equivalents
    
114
  
    Other Cash Deposits     5  
    Accounts Receivable:
    
 
       Customers
    
6,251
  
       Affiliated Companies
    
500
  
       Accrued Unbilled Revenues
    
4,092
  
       Miscellaneous     5  
       Allowance for Uncollectible Accounts      (93 ) 
    Materials and Supplies
    
120
  
    Prepayments
    
299
  
    Other     171  
    TOTAL
   
11,464
  
         
DEFERRED DEBITS AND OTHER ASSETS
        
         
    Regulatory Assets:
    
 
       SFAS 109 Regulatory Asset, Net
    
9,906
  
       SFAS 112 Postemployment Benefits     552  
       Other     479  
    Deferred Property Taxes
    
774
  
    Deferred Charges
    
32
  
    TOTAL
   
11,743
  
         
    TOTAL ASSETS 
  
$
94,327
  
 
 
 
Item 17 (CONTINUED)
 
 
Consolidated balance sheets as of the end of the quarter and separate balance sheets as of the end of the quarter for each company, including AEP, that has engaged in jurisdictional financing transactions during the quarter.
 
 

WHEELING POWER COMPANY
  
BALANCE SHEET
  
CAPITALIZATION AND LIABILITIES
  
AS OF SEPTEMBER 30, 2005
  
(in thousands)
  
(Unaudited)
  
 
  
 
  
2005
  
CAPITALIZATION
      
    Common Shareholder's Equity:
  
 
 
  
      Common Stock - No Par Value:        
        Authorized and Outstanding - 150,000 Shares   $   2,428  
    Paid-in Capital
    
15,596
  
    Accumulated Other Comprehensive Income (Loss)
    
(3,157
 ) 
    Retained Earnings     17,040  
    Total Common Shareholder's Equity     31,907  
    Long-term Debt-Affiliated
    
25,000
  
    TOTAL
   
56,907
  
         
         
CURRENT LIABILITIES
        
         
   Advances from Affiliates    
5,130
  
    Accounts Payable:
    
 
  
       General
    
401
  
       Affiliated Companies
    
6,687
  
    Customer Deposits
    
958
  
    Taxes Accrued
    
2,765
  
    Interest Accrued     78  
    Obligations Under Capital Leases     130  
    Other
    
1,115
  
    TOTAL
   
17,264
  
         
DEFERRED CREDITS AND OTHER LIABILITIES
        
         
    Deferred Income Taxes     15,320  
    Regulatory Liabilities:
    
 
  
       Deferred Investment Tax Credits     277  
    Deferred Credits
    
201
  
    Obligations Under Capital Leases
    
272
  
    Employee Benefits and Pension Obligations     4,086  
    TOTAL     20,156  
    TOTAL CAPITALIZATION AND LIABILITIES 
  
$
94,327
  
 
 
Item 18 
 
 
A Retained Earnings analysis of AEP on a consolidated basis and of each utility subsidiary detailing gross earnings, goodwill amortization, dividends paid out of each capital account and the resulting capital account balances as of the end of the quarter.
 
 
See the following Statements of Common Shareholder's Equity and Comprehensive Income (Loss) previously filed as part of AEP's Combined Form 10Q for the quarter ended September 30, 2005:
 
 
American Electric Power Company, Inc.
AEP Generating Company
AEP Texas Central Company
AEP Texas North Company
Appalachian Power Company
Columbus Southern Power Company
Indiana Michigan Power Company
Kentucky Power Company
Ohio Power Company
Public Service Company of Oklahoma
Southwestern Electric Power Company
 
 
Shown below are the Statements of Retained Earnings for Kingsport Power Company and Wheeling Power Company which do not file Form 10Q with the SEC:
 

KINGSPORT POWER COMPANY
STATEMENT OF RETAINED EARNINGS
AS OF SEPTEMBER 30, 2005
(in thousands)
(Unaudited)
 
Retained Earnings - December 31, 2004
  $
25,358
  
Net Income
  
2,848
  
Goodwill Amortization
  
-
  
Common Stock Dividends
  
(4,500
 ) 
Preferred Stock Dividends
  
-
 
Capital Stock Expense
  
-
  
Retained Earnings - September 30, 2005
  $
23,706
  
 
WHEELING POWER COMPANY
STATEMENT OF RETAINED EARNINGS
AS OF SEPTEMBER 30, 2005
(in thousands)
(Unaudited)
 
Retained Earnings - December 31, 2004
  $
36,143
  
Net Income
  
3,014
  
Goodwill Amortization
  
-
  
Common Stock Dividends
  
(7,250
 ) 
Preferred Stock Dividends
  
-
 
Capital Stock Expense
  
-
  
Retained Earnings - September 30, 2005
  $
31,907
  
 
 
 
Item 19
 
 
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. 70-10166 and in accordance with the terms and conditions of the Commission’s order dated July 1, 2004, permitting said Application-Declaration to become effective.
 
 
 
 
SIGNATURE
 
 
As required by order of this Commission pursuant to the Public Utility Holding Company Act of 1935, American Electric Power Company, Inc. for itself and its subsidiaries have duly caused this report to be signed on its behalf on this 28th day of November, 2005.
 
 

 
 
/s/ Rebecca J. Buonavolonte
Rebecca J. Buonavolonte
Managing Director - Financial Reporting
American Electric Power Service Corporation