American Electric Power
Financial Results for 2nd Quarter 2004 Actual
Reconciliation of On-going and Reported Earnings
		2004 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		183		(8)		(25)		150		0.38
Discontinued Operations:
UK Discontinued Operations		-		(52)		-		(52)		(0.13)
LIG Discontinued Operations		-		2		-		2		-
Total Special Items		-		(50)		-		(50)		(0.13)
Reported Earnings		183		(58)		(25)		100		0.25
Financial Results for 2nd Quarter 2003 Actual
Reconciliation of On-going and Reported Earnings
		2003 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		225		(52)		(3)		170		0.43
Discontinued Operations:
UK Discontinued Operations		-		3		-		3		0.01
LIG Discontinued Operations		-		2		-		2		-
Total Special Items		-		5		-		5		0.01
Reported Earnings		225		(47)		(3)		175		0.44