AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
                       QUARTERLY REPORT PER REQUIREMENTS
                   OF HOLDING COMPANY ACT RELEASE NO. 26864
                    FOR THE QUARTER ENDED DECEMBER 31, 2002

1)       Aggregate Investment, for which there is recourse to AEP Co., Inc., in
         Exempt Wholesale Generators (EWG) and Foreign Utility Companies (FUCO)

                                   (in millions)
EWG Investment                        $  139
FUCO Investment                        1,845
                                      ------
Total Aggregate Investment
 in EWG's and FUCO's                  $1,984

Components of statement of aggregate investment in EWG and FUCO'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                $21,949*                            9.0%
Net Utility Plant                    19,910                            10.0%
Total Assets                         34,741                             5.7%
Market Value of Common Equity         9,260                            21.4%

*Includes Long-term Debt Due Within One Year and Short-term Debt.

3)       Consolidated Capitalization Ratio

                                 (in millions)                       %
Short-term Debt                     $ 3,164
Long-term Debt                       10,120*
                                    -------
  Total Debt                         13,284                        60.5%
                                    -------
Equity Unit Senior Notes                376                         1.7%
                                    -------
Certain Subsidiary Obligated,
  Mandatorily Redeemable,
  Preferred Securities of
  Subsidiary Trusts Holding
  Solely Junior Subordinated
  Debentures of Such
  Subsidiaries                          321                         1.5%
                                    -------
Minority Interest in
  Finance Subsidiary                    759                         3.4%
                                    -------
Preferred Stock                         145                         0.7%
                                    -------
Common Stock                          2,261
Paid-in Capital                       3,413
Accumulated Other Comprehensive
 Income                                (609)
Retained Earnings                     1,999
                                    -------
  Total Common Equity                 7,064                        32.2%
                                    -------
Total Capitalization                $21,949                       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 DECEMBER 31, 2002

4) Market-to-book Ratio of AEP Common Stock

Closing Market Price per Share                       $27.33
Book Value per Share                                 $20.85

Market-to-book Ratio of Common Stock                  131.1%


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 EWG's and FUCO's are
filed under confidential treatment pursuant to Rule 104(b):

         CitiPower Pty.
         Nanyang General Light Electric Co., Ltd.
         Pacific Hydro Ltd.
         AEP Energy Services Limited
         AEP Energy Services UK Generation Limited
         AEP Energy Services Nordic SA
         InterGen Denmark, Aps
         CSW Vale L.L.C.
         South Coast Power Limited
         Trent Wind Farm, Limited Partnership
         Newgulf Power Venture, Inc.
         Desert Sky Wind Farm LP