| American Electric Power | |||||||||||
| Financial Results for 3rd Quarter 2004 Actual vs 3rd Quarter 2003 Actual | |||||||||||
| 2003 Actual | 2004 Actual | ||||||||||
| ($ millions) | EPS | ($ millions) | EPS | ||||||||
| UTILITY OPERATIONS: | |||||||||||
| Gross Margin: | |||||||||||
| 1 | Regulated Integrated Utilities | 800 | 815 | ||||||||
| 2 | Ohio Cos. | 545 | 516 | ||||||||
| 3 | Texas Wires | 177 | 128 | ||||||||
| 4 | Texas Supply / REP | 99 | 89 | ||||||||
| 5 | Off-System Sales | 157 | 131 | ||||||||
| 6 | Other Wholesale Transactions | 1 | - | ||||||||
| 7 | Transmission Revenue - 3rd Party | 121 | 125 | ||||||||
| 8 | Other Operating Revenue | 91 | 88 | ||||||||
| 9 | Total Gross Margin | 1,991 | 1,892 | ||||||||
| 10 | Operations & Maintenance | (717) | (720) | ||||||||
| 11 | Depreciation & Amortization | (317) | (322) | ||||||||
| 12 | Taxes Other than Income Taxes | (182) | (175) | ||||||||
| 13 | Interest Exp & Preferred Dividend | (168) | (151) | ||||||||
| 14 | Other Income & Deductions | - | 7 | ||||||||
| 15 | Income Taxes | (213) | (172) | ||||||||
| 16 | Net Earnings Utility Operations | 394 | 1.00 | 359 | 0.91 | ||||||
| INVESTMENTS: | |||||||||||
| 17 | AEPES, inclds Gas HoldCo (HPL) | (21) | (28) | ||||||||
| 18 | MEMCO | 3 | 1 | ||||||||
| 19 | IPPs and Wind Farms | 4 | 1 | ||||||||
| 20 | AEP Resources - Other | (5) | (5) | ||||||||
| 21 | Other | (2) | (1) | ||||||||
| 22 | Total Investments | (21) | (0.06) | (32) | (0.08) | ||||||
| 23 | Parent Company | (21) | (0.05) | (9) | (0.03) | ||||||
| 24 | ON-GOING EARNINGS | 352 | 0.89 | 318 | 0.80 | ||||||
| Note: | For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. | ||||||||||