| American Electric Power | ||||||||||||
| Financial Results for 2nd Quarter 2005 Actual vs 2nd Quarter 2004 Actual | ||||||||||||
| 2004 Actual | 2005 Actual | |||||||||||
| ($ millions) | EPS | ($ millions) | EPS | |||||||||
| UTILITY OPERATIONS: | ||||||||||||
| Gross Margin: | ||||||||||||
| 1 | Regulated Integrated Utilities | 750 | 706 | |||||||||
| 2 | Ohio Cos. | 469 | 511 | |||||||||
| 3 | Texas Wires | 106 | 113 | |||||||||
| 4 | Texas Supply / REP | 84 | 48 | |||||||||
| 5 | Off-System Sales | 112 | 150 | |||||||||
| 6 | Other Wholesale Transactions | 9 | 5 | |||||||||
| 7 | Transmission Revenue - 3rd Party | 119 | 98 | |||||||||
| 8 | Other Operating Revenue | 76 | 81 | |||||||||
| 9 | Total Gross Margin | 1,725 | 1,712 | |||||||||
| 10 | Operations & Maintenance | (818) | (750) | |||||||||
| 11 | Depreciation & Amortization | (308) | (317) | |||||||||
| 12 | Taxes Other than Income Taxes | (176) | (170) | |||||||||
| 13 | Interest Exp & Preferred Dividend | (161) | (156) | |||||||||
| 14 | Other Income & Deductions | 16 | 56 | |||||||||
| 15 | Income Taxes | (94) | (113) | |||||||||
| 16 | Net Earnings Utility Operations | 184 | 0.46 | 262 | 0.68 | |||||||
| INVESTMENTS: | ||||||||||||
| 17 | AEPES | (3) | (1) | |||||||||
| 18 | Other | (6) | (1) | |||||||||
| 19 | Total Investments | (9) | (0.02) | (2) | (0.00) | |||||||
| 20 | Parent Company | (25) | (0.06) | (26) | (0.07) | |||||||
| 21 | ON-GOING EARNINGS | 150 | 0.38 | 234 | 0.61 | |||||||
| Note: | For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. | |||||||||||