| American Electric Power | ||||||||||||
| Financial Results for YTD June 2005 Actual vs YTD June 2004 Actual | ||||||||||||
| 2004 Actual | 2005 Actual | |||||||||||
| ($ millions) | EPS | ($ millions) | EPS | |||||||||
| UTILITY OPERATIONS: | ||||||||||||
| Gross Margin: | ||||||||||||
| 1 | Regulated Integrated Utilities | 1,500 | 1,412 | |||||||||
| 2 | Ohio Cos. | 981 | 1,000 | |||||||||
| 3 | Texas Wires | 206 | 214 | |||||||||
| 4 | Texas Supply / REP | 183 | 127 | |||||||||
| 5 | Off-System Sales | 281 | 315 | |||||||||
| 6 | Other Wholesale Transactions | 13 | 8 | |||||||||
| 7 | Transmission Revenue - 3rd Party | 243 | 192 | |||||||||
| 8 | Other Operating Revenue | 141 | 153 | |||||||||
| 9 | Total Gross Margin | 3,548 | 3,421 | |||||||||
| 10 | Operations & Maintenance | (1,524) | (1,435) | |||||||||
| 11 | Depreciation & Amortization | (618) | (635) | |||||||||
| 12 | Taxes Other than Income Taxes | (358) | (356) | |||||||||
| 13 | Interest Exp & Preferred Dividend | (326) | (300) | |||||||||
| 14 | Other Income & Deductions | 25 | 189 | |||||||||
| 15 | Income Taxes | (259) | (279) | |||||||||
| 16 | Net Earnings Utility Operations | 488 | 1.23 | 605 | 1.56 | |||||||
| INVESTMENTS: | ||||||||||||
| 17 | AEPES | (13) | 9 | |||||||||
| 18 | Other | (2) | 4 | |||||||||
| 19 | Total Investments | (15) | (0.04) | 13 | 0.03 | |||||||
| 20 | Parent Company | (34) | (0.08) | (40) | (0.10) | |||||||
| 21 | ON-GOING EARNINGS | 439 | 1.11 | 578 | 1.49 | |||||||
| Note: | For analysis purposes, certain financial statement amounts have been reclassified for this effect on earnings presentation. | |||||||||||