American Electric Power
Financial Results for 3rd Quarter 2005 Actual
Reconciliation of On-going and Reported Earnings
		2005 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		378		(3)		(5)		370		0.95
Dispositions:
Gain on Sale of Pacific Hydro		-		32		-		32		0.08
Conesville Units 1&2 Retirement		(25)		-		-		(25)		(0.07)
Adjustments to Prior Dispositions		-		14		-		14		0.04
Bajio Impairment		-		(4)		-		(4)		(0.01)
Total Special Items		(25)		42		-		17		0.04
Reported Earnings		353		39		(5)		387		0.99
Financial Results for 3rd Quarter 2004 Actual
Reconciliation of On-going and Reported Earnings
		2004 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		359		(32)		(9)		318		0.80
Dispositions:
Gain from sale of IPP's		-		64		-		64		0.16
Gain from sale of UK Generation		-		127		-		127		0.32
Gain from sale of Southcoast Power Ltd.		-		31		-		31		0.08
Loss from sale of Jefferson Island Storage Hub		-		(2)		-		(2)		-
Discontinued Operations:
UK Discontinued Operations		-		(7)		-		(7)		(0.02)
LIG Discontinued Operations		-		(1)		-		(1)		-
Total Special Items		-		212		-		212		0.54
Reported Earnings		359		180		(9)		530		1.34