AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 26864 FOR THE QUARTER ENDED JUNE 30, 2001 1) Aggregate Investment, for which there is recourse to AEP Co., Inc., in Exempt Wholesale Generators (EWG) and Foreign Utility Companies (FUCO) EWG Investment $1,227,545,000 FUCO Investment 87,092,000 -------------- Total Aggregate Investment in FUCO's and EWG's $1,314,637,000 ============== Components of statement of aggregate investment in FUCO and EWG's are filed under confidential treatment pursuant to Rule 104(b). 2) Aggregate Investment as a Percentage of the Following Items (in millions) % Total Capitalization $24,319* 5.4% Net Utility Plant 19,448 6.8% Total Assets 50,227 2.6% Market Value of Common Equity 15,707 8.4% *Includes Long-term Debt Due Within One Year and Short-term Debt. 3) Consolidated Capitalization Ratio (in millions) % Short-term Debt $ 4,055 Long-term Debt 11,633* ------- Total Debt 15,688 64.5% ------- Preferred Stock 161 0.7% ------- Certain Subsidiary Obligated, Mandatorily Redeemable, Preferred Securities of Subsidiary Trusts Holding Solely Junior Subordinated Debentures of Such Subsidiaries 322 1.3% ------- Common Stock 2,153 Paid-in Capital 2,916 Accumulated Other Comprehensive Income (131) Retained Earnings 3,210 ------- Total Common Equity 8,148 33.5% ------- Total Capitalization $24,319 100.0% ======= * Includes Long-term Debt Due Within One Year. AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES QUARTERLY REPORT PER REQUIREMENTS OF HOLDING COMPANY ACT RELEASE NO. 26864 FOR THE QUARTER ENDED JUNE 30, 2001 4) Market-to-book Ratio of AEP Common Stock Closing Market Price per Share $46.17 Book Value per Share $23.95 Market-to-book Ratio of Common Stock 192.8% 5) Analysis of Growth in Retained Earnings Statement of analysis of growth in retained earnings is filed under confidential treatment pursuant Rule 104(b). 6) Statement of Revenues and Net Income for each EWG and FUCO Statement of revenues and net income for the following FUCO's and EWG's are filed under confidential treatment pursuant to Rule 104(b): Nanyang General Light Electric Co., Ltd. Pacific Hydro Ltd. CitiPower Pty. AEP Energy Services Limited InterGen Denmark, APs CSW International Two, Inc. Energia Internacional de CSW, S.A. de C.V. CSW Vale L.L.C. South Coast Power Limited Newgulf Power Venture, Inc. Trent Wind Farm, Limited Partnership