American Electric Power
Financial Results for 3rd Quarter 2004 Actual
Reconciliation of On-going and Reported Earnings
		2004 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		359		(32)		(9)		318		0.80
Dispositions:
Gain from sale of IPP's		-		64		-		64		0.16
Gain from sale of UK Generation		-		127		-		127		0.32
Gain from sale of Southcoast Power Ltd.		-		31		-		31		0.08
Loss from sale of Jefferson Island Storage Hub		-		(2)		-		(2)		-
Discontinued Operations:
UK Discontinued Operations		-		(7)		-		(7)		(0.02)
LIG Discontinued Operations		-		(1)		-		(1)		-
Total Special Items		-		212		-		212		0.54
Reported Earnings		359		180		(9)		530		1.34
Shares Outstanding
Financial Results for 3rd Quarter 2003 Actual
Reconciliation of On-going and Reported Earnings
		2003 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		394		(21)		(21)		352		0.89
Impairments:
IPP Impairment		-		(45)		-		(45)		(0.11)
Discontinued Operations:
UK Discontinued Operations		-		(52)		-		(52)		(0.13)
LIG Discontinued Operations		-		2		-		2		-
Total Special Items		-		(95)		-		(95)		(0.24)
Reported Earnings		394		(116)		(21)		257		0.65