American Electric Power
Financial Results for 2nd Quarter 2005 Actual
Reconciliation of On-going and Reported Earnings
		2005 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		262		(2)		(26)		234		0.61
Dispositions:
CSW Intl - tax reserve adjustment		-		3		-		3		0.01
Severance		(15)		(1)		-		(16)		####
Total Special Items		(15)		2		-		(13)		####
Reported Earnings		247		-		(26)		221		0.58
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		184		(9)		(25)		150		0.38
Discontinued Operations:
UK Discontinued Operations		-		(52)		-		(52)		####
LIG Discontinued Operations		-		2		-		2		-
Total Special Items		-		(50)		-		(50)		####
Reported Earnings		184		(59)		(25)		100		0.25