| American Electric Power | |||||||||||
| Financial Results for September 2004 YTD Actual vs September 2003 YTD Actual | |||||||||||
| 2003 Actual | 2004 Actual | ||||||||||
| ($ millions) | EPS | ($ millions) | EPS | ||||||||
| UTILITY OPERATIONS: | |||||||||||
| Gross Margin: | |||||||||||
| 1 | Regulated Integrated Utilities | 2,183 | 2,315 | ||||||||
| 2 | Ohio Cos. | 1,505 | 1,497 | ||||||||
| 3 | Texas Wires | 508 | 334 | ||||||||
| 4 | Texas Supply / REP | 325 | 273 | ||||||||
| 5 | Off-System Sales | 379 | 413 | ||||||||
| 6 | Other Wholesale Transactions | (4) | 13 | ||||||||
| 7 | Transmission Revenue - 3rd Party | 350 | 368 | ||||||||
| 8 | Other Operating Revenue | 270 | 247 | ||||||||
| 9 | Total Gross Margin | 5,516 | 5,460 | ||||||||
| 10 | Operations & Maintenance | (2,138) | (2,276) | ||||||||
| 11 | Depreciation & Amortization | (927) | (940) | ||||||||
| 12 | Taxes Other than Income Taxes | (521) | (530) | ||||||||
| 13 | Interest Exp & Preferred Dividend | (499) | (471) | ||||||||
| 14 | Other Income & Deductions | 7 | 32 | ||||||||
| 15 | Income Taxes | (510) | (430) | ||||||||
| 16 | Net Earnings Utility Operations | 928 | 2.43 | 845 | 2.13 | ||||||
| INVESTMENTS: | |||||||||||
| 17 | AEPES, inclds Gas HoldCo (HPL & LIG) | (65) | (41) | ||||||||
| 18 | MEMCO | 4 | 6 | ||||||||
| 19 | IPPs and Wind Farms | (6) | 7 | ||||||||
| 20 | AEP Resources - Other | (23) | (6) | ||||||||
| 21 | Other | (21) | (11) | ||||||||
| 22 | Total Investments | (111) | (0.29) | (45) | (0.11) | ||||||
| 23 | Parent Company | (39) | (0.10) | (43) | (0.11) | ||||||
| 24 | ON-GOING EARNINGS | 778 | 2.04 | 757 | 1.91 | ||||||
| Note: | For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. | ||||||||||