American Electric Power
Financial Results for YTD September 2005 Actual
Reconciliation of On-going and Reported Earnings
		2005 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		982		10		(44)		948		2.44
Dispositions:
Gain on Sale of UK Generation True-up Adjustments		-		(5)		-		(5)		(0.01)
CSW Intl - SEEBOARD Capital Gain Tax Adjustment		-		6		-		6		0.01
CSW Intl - tax reserve adjustment		-		3		-		3		0.01
Centrica Sharing from 2003		27		-		-		27		0.07
AEPTCC Stranded Cost		(17)		-		-		(17)		(0.04)
Severance		(15)		(1)		-		(16)		(0.04)
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		(30)		45		-		15		0.04
Reported Earnings		952		55		(44)		963		2.48
Financial Results for YTD September 2004 Actual
Reconciliation of On-going and Reported Earnings
		2004 Actual
		Utility		Invest.		Parent		Total		EPS
		($ millions)
On-going Earnings		847		(47)		(43)		757		1.91
Dispositions:
Gain from sale of Nanyang General Light Electric Co.		-		6		-		6		0.02
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)		(0.01)
Discontinued Operations:
UK Discontinued Operations		-		(71)		-		(71)		(0.18)
LIG Discontinued Operations		-		-		-		-		-
Total Special Items		-		155		-		155		0.39
Reported Earnings		847		108		(43)		912		2.30