Rail Car Maintenance

UNITED STATES OF AMERICA

BEFORE THE SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

PUBLIC UTILITY HOLDING COMPANY ACT OF 1935

File No 70-5741

REPORT FOR PERIOD

October 1, 2004 to December 31, 2004

PURSUANT TO RULE 24

In the matter of:

SOUTHWESTERN ELECTRIC POWER COMPANY

Shreveport, Louisiana 71156

PUBLIC SERVICE COMPANY OF OKLAHOMA

Tulsa, Oklahoma 74102

AEP TEXAS CENTRAL COMPANY

Corpus Christi, Texas 78401

This report is filed by Southwestern Electric Power Company (SWEPCO) on behalf of itself, Public Service Company of Oklahoma (PSO) and AEP Texas Central Company (TCC) pursuant to Rule 24 promulgated under the Public Utility Holding Company Act of 1935 by the Securities and Exchange Commission pursuant to Sections 6(a), 7, 9(a) and 10 of said Act. SWEPCO’s, PSO’s and TCC’s Application-Declaration, as further amended by post-effective amendments, in this matter proposed the filing by SWEPCO of quarterly reports to the Commission, pursuant to Rule 24 of the Act, providing as to the activities during each quarter: (a) total number of rail cars serviced by month for each of SWEPCO, PSO and TCC; (b) the amount of expenditures by month for direct labor cost, direct material cost and indirect cost for each of SWEPCO, PSO and TCC; (c) computation by month of allocated cost to be shared by SWEPCO, PSO and TCC on the basis of the “Cost Ratio”, and (d) copies of the monthly reports furnished by SWEPCO to PSO and TCC detailing the work and charges associated with PSO and TCC rail cars assigned to the facility which were repaired during the previous month, within the context of the Rail Car Maintenance Facility Agreement between SWEPCO, PSO and TCC. This report covers the period October 1, 2004 through December 31, 2004.

4th QUARTER 2004

SWEPCO RAIL CAR MAINTENANCE FACILITY

RULE 24 REPORT

A. NUMBER OF RAIL CARS SERVICED

	SWEPCO		PSO		TCC		TOTAL
October		140		17		-		157
November		126		147		-		273
December		132		37		-		169
TOTAL		398		201		-		599

B. AMOUNT OF EXPENDITURES DETAIL

		SWEPCO		PSO		TCC		TOTAL
DIRECT LABOR
	October	$	10,506.75	$	10,882.34	$	0.00	$	21,389.09
	November		8,343.14		7,638.38		0.00		15,981.52
	December		6,723.08		9,659.44		0.00		16,382.52
	TOTAL	$	25,572.97	$	28,180.16	$	0.00	$	53,753.13

DIRECT MATERIAL - (a)
	October	$	2,198.35	$	12,385.96	$	0.00	$	14,584.31
	November		31,565.74		6,322.02		0.00		37,887.76
	December		65,356.35		28,157.25		0.00		93,513.60
	TOTAL	$	99,120.44	$	46,865.23	$	0.00	$	145,985.67

OTHER DIRECT COSTS -
	October	$	22,671.90	$	32,242.95	$	268.52	$	55,183.37
	November		9,880.13		16,816.34		0.00		26,696.47
	December		26,513.98		50,238.05		0.00		76,752.03
	TOTAL	$	59,066.01	$	99,297.34	$	268.52	$	158,631.87

INDIRECT COST SHARED ON COST RATIO

	October	$	118,604.52	$	122,854.19	$	0.00	$	241,458.71
	November		12,102.14		11,082.03		0.00		23,184.17
	December		93,741.65		134,673.68		0.00		228,415.33
	TOTAL	$	224,448.31	$	268,609.90	$	0.00	$	493,058.21

TOTAL EXPENDITURES
	October	$	153,981.52	$	178,365.44	$	268.52	$	332,615.48
	November		61,891.15		41,858.77		0.00		103,749.92
	December		192,335.06		222,728.42		0.00		415,063.48
	TOTAL	$	408,207.73	$	442,952.63	$	268.52	$	851,428.88

	(a) Periodically, adjustments to amounts previously billed are required. When those adjustments are identified and recorded on a subsequent bill they may result in a net credit balance in an expenditure account for a particular month.

C. COMPUTATION OF COST RATIO

	SWEPCO			PSO			TCC			TOTAL
October 2004
DIRECT LABOR	$	10,506.75		$	10,882.34		$	0.00		$	21,389.09
COST RATIO		49.12	%		50.88	%		0.00	%		100.00	%

November 2004
DIRECT LABOR	$	8,343.14		$	7,638.38		$	0.00		$	15,981.52
COST RATIO		52.20	%		47.80	%		0.00	%		100.00	%

December 2004
DIRECT LABOR	$	6,723.08		$	9,659.44		$	0.00		$	16,382.52
COST RATIO		41.04	%		58.96	%		0.00	%		100.00	%

D. COPIES OF MONTHLY REPORTS

Copies of the monthly statements furnished by SWEPCO to PSO and TCC detailing charges associated with PSO and TCC rail cars are attached as Exhibits 1, 2 and 3.

S I G N A T U R E

As required by Order of this Commission pursuant to the Public Utility Holding Company Act of 1935, Southwestern Electric Power Company has duly caused this report to be signed on its behalf on this the 14th day of February, 2005.

/s/ Rebecca J. Buonavolonte

Rebecca J. Buonavolonte

Managing Director - Financial Reporting

AEP Service Corporation

INDEX TO EXHIBITS

Exhibit Number	Exhibit	Transmission Method
1	October 2004 statement furnished by SWEPCO to PSO and TCC detailing PSO and TCC's rail car charges	Electronic

2	November 2004 statement furnished by SWEPCO to PSO and TCC detailing PSO and TCC's rail car charges	Electronic

3	December 2004 statement furnished by SWEPCO to PSO and TCC detailing PSO and TCC's rail car charges	Electronic

Exhibit 1

AEP Utilities, Inc.

1 Riverside Plaza

Columbus OH 43215

STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY

AT ALLIANCE, NEBRASKA PER SWEPCO - PSO & TCC AGREEMENT

October 2004

A. NUMBER OF RAIL CARS SERVICED

SWEPCO

140

PSO

TCC

OUTSIDE

622

B. AMOUNT OF EXPENDITURES:

COSTS ASSIGNED 100% TO SWEPCO:
		SWEPCO
00805900 01	Direct Material to SWEPCO Coal Cars	$	2,198.35
00805900 02	Stores Salvage - SWEPCO		0.00
00805900 03	Direct Labor to SWEPCO Coal Cars		10,506.75
PR 4101	Charges Other than Direct Labor		0.00
00805900 04	Direct Labor to Rework SWEPCO Material		0.00
PR4104	Charges Other than Direct Labor		0.00
PR4202	Ad Valorem Taxes - SWEPCO Coal Cars		0.00
PR4204	Ad Valorem Taxes - Facility - Direct - SWEPCO		0.00
PR4213	Employee Fringe Benefits - Direct Labor - SWEPCO		0.00
PR4230	Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO		0.00
PR4238	Depreciation Expense - SWEPCO		0.00
PR4263	Lease - Supplemental Expenses - SWEPCO		0.00
00805908 02	Outside Maintenance of SWEPCO Coal Cars		21,591.96
00805909 02	Switching Fees - SWEPCO		1,079.94
PR4277	Repainting Coal Cars - SWEPCO		0.00
Total 100% SWEPCO Costs		$	35,377.00


COSTS ASSIGNED 100% TO TCC:
		TCC
00805902 01	Direct Material to TCC Coal Cars	$	0.00
PR4014	Inventory Carrying Charges - TCC		0.00
00805902 02	Stores Salvage - TCC		0.00
00805902 03	Direct Labor to TCC Coal Cars		0.00
PR4105	Charges Other than Direct Labor		0.00
00805902 04	Direct Labor to Rework TCC Material		0.00
PR4106	Charges Other than Direct Labor		0.00
PR4216	Ad Valorem Taxes - Facility - Direct - TCC		0.00
PR4217	Employee Fringe Benefits - Direct Labor - TCC		0.00
PR4218	Payroll Taxes (FICA & UC) - Direct Labor - TCC		0.00
PR4240	Depreciation Expense - TCC		0.00
00805908 01	Outside Maintenance of TCC Coal Cars		268.52
00805909 01	Switching Fees - TCC		0.00
PR4279	Repainting Coal Cars - TCC		0.00
Total 100% TCC Costs		$	268.52


COSTS ASSIGNED 100% TO PSO:
		PSO
00805901 01	Direct Material to PSO Coal Cars	$	12,385.96
PR4015	Inventory Carrying Charges - PSO		6,152.17
00805901 02	Stores Salvage - PSO		0.00
00805901 03	Direct Labor to PSO Coal Cars		10,882.34
PR4102	Charges Other than Direct Labor		0.00
00805901 04	Direct Labor to Rework PSO Material		0.00
PR4103	Charges Other than Direct Labor		0.00
PR4205	Ad Valorem Taxes - Facility - Direct - PSO		0.00
PR4214	Employee Fringe Benefits - Direct Labor - PSO		0.00
PR4231	Payroll Taxes (FICA & UC) - Direct Labor - PSO		0.00
PR4239	Depreciation Expense - PSO		0.00
00805908 03	Outside Maintenance of PSO Coal Cars		25,405.25
00805909 03	Switching Fees - PSO		685.53
PR4278	Repainting Coal Cars - PSO		0.00
Total 100% PSO Costs		$	55,511.25


COSTS TO BE SHARED {Ratio of Direct Labor}:
		SHARED
00805904 01	Shop Material	$	13,188.08
00805904 02	Small Tools		0.00
00805904 03	Facility Maintenance - Material		36,564.12
00805903 01	3RD Party Direct Material		296,666.05
00805904 07	Switch Engine Operation and Maintenance		1,507.34
00805904 08	Equipment Operation and Maintenance		3,735.35
00805904 04	Sale of Scrap		0.00
00805905 01	Supervision		19,812.81
00805905 02	Clerical		15,321.05
00805905 03	Training and Safety		8,282.48
00805905 04	General Shop Labor		24,036.92
00805905 05	Facility Maintenance - Labor		23,578.58
00805905 06	Labor Switch Engine Operation and Maintenance		18,578.31
PR4201	Ad Valorem Taxes - Facility		0.00
PR4108	Labor - Other		0.00
00805906 04	Employee Activities		0.00
00805903 04	3RD Party Remfg Labor Cars		10,616.99
00805903 03	3RD Party Direct Labor Cars		105,298.50
	Data Processing Charges		0.00
	Insurance Facility		0.00
00805907 01	Misc.		9,784.92
PR4220	Injuries and Damages		0.00
PR4221	Insurance - Liability and Property		0.00
00805906 07	Maintenance of Facilities (Contracted)		1,729.56
00805906 08	Office Supplies and Expenses		1,443.41
00805906 01	Taxes		5,727.82
00805911 01	3RD Party Sales Expense		22,682.68
00805906 09	Utilities - Heat, Light, Power and Water		0.00
00805906 10	Utilities - Telephone		481.08
00805906 11	Vehicle Expense		25.00
PR4237	Depreciation Expense		0.00
00805906 05	Employee Travel Expenses		885.14
PR4262	Lease - Basic - All Except Coal Cars		0.00
PR4264	Lease - Supplemental Expenses - Facility		0.00
PR4004	Material Direct to Outside Coal Cars		0.00
00805903 05	3rd Party Revenue		(383,069.51)
00805903 02	Stores Salvage - Outside Cars		0.00
00805907 02	AEP East Cars		(2,656.92)
00805907 03	OVEX Cars		7,238.95
Total Costs Shared on Cost Ratio		$	241,458.71
{see computation below} -

SWEPCO	49.12	%	$	118,604.52

TCC	0.00	%	$	0.00

PSO	50.88	%	$	122,854.19

Capital Recovery on Capital Expenditures not Covered Under Lease Agreement {Cost Ratio}			$	0.00



TOTAL COSTS FOR THE MONTH

SWEPCO			$	153,981.52

TCC			$	268.52

PSO			$	178,365.44

C. COMPUTATION OF COST RATIO:

Direct Labor SWEPCO	$	10,506.75	49.12	%	SWEPCO
Direct Labor TCC		0.00	0.00	%	TCC
Direct Labor PSO		10,882.34	50.88	%	PSO
Total Direct Labor	$	21,389.09	100.00	%	TOTAL

Exhibit 2

AEP Utilities, Inc.

1 Riverside Plaza

Columbus OH 43215

STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY

AT ALLIANCE, NEBRASKA PER SWEPCO - PSO & TCC AGREEMENT

November 2004

A. NUMBER OF RAIL CARS SERVICED

SWEPCO

126

PSO

147

TCC

OUTSIDE

595

B. AMOUNT OF EXPENDITURES:

COSTS ASSIGNED 100% TO SWEPCO:
		SWEPCO
00805900 01	Direct Material to SWEPCO Coal Cars	$	31,565.74
00805900 02	Stores Salvage - SWEPCO		0.00
00805900 03	Direct Labor to SWEPCO Coal Cars		8,158.43
PR 4101	Charges Other than Direct Labor		0.00
00805900 04	Direct Labor to Rework SWEPCO Material		184.71
PR4104	Charges Other than Direct Labor		0.00
PR4202	Ad Valorem Taxes - SWEPCO Coal Cars		0.00
PR4204	Ad Valorem Taxes - Facility - Direct - SWEPCO		0.00
PR4213	Employee Fringe Benefits - Direct Labor - SWEPCO		0.00
PR4230	Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO		0.00
PR4238	Depreciation Expense - SWEPCO		0.00
PR4263	Lease - Supplemental Expenses - SWEPCO		0.00
00805908 02	Outside Maintenance of SWEPCO Coal Cars		8,780.50
00805909 02	Switching Fees - SWEPCO		1,099.63
PR4277	Repainting Coal Cars - SWEPCO		0.00
	Total 100% SWEPCO Costs	$	49,789.01


COSTS ASSIGNED 100% TO TCC:
		TCC
00805902 01	Direct Material to TCC Coal Cars	$	0.00
PR4014	Inventory Carrying Charges - TCC		0.00
00805902 02	Stores Salvage - TCC		0.00
00805902 03	Direct Labor to TCC Coal Cars		0.00
PR4105	Charges Other than Direct Labor		0.00
00805902 04	Direct Labor to Rework TCC Material		0.00
PR4106	Charges Other than Direct Labor		0.00
PR4216	Ad Valorem Taxes - Facility - Direct - TCC		0.00
PR4217	Employee Fringe Benefits - Direct Labor - TCC		0.00
PR4218	Payroll Taxes (FICA & UC) - Direct Labor - TCC		0.00
PR4240	Depreciation Expense - TCC		0.00
00805908 01	Outside Maintenance of TCC Coal Cars		0.00
00805909 01	Switching Fees - TCC		0.00
PR4279	Repainting Coal Cars - TCC		0.00
	Total 100% TCC Costs	$	0.00


COSTS ASSIGNED 100% TO PSO:
		PSO
00805901 01	Direct Material to PSO Coal Cars	$	6,322.02
PR4015	Inventory Carrying Charges - PSO		6,332.48
00805901 02	Stores Salvage - PSO		0.00
00805901 03	Direct Labor to PSO Coal Cars		7,381.19
PR4102	Charges Other than Direct Labor		0.00
00805901 04	Direct Labor to Rework PSO Material		257.19
PR4103	Charges Other than Direct Labor		0.00
PR4205	Ad Valorem Taxes - Facility - Direct - PSO		0.00
PR4214	Employee Fringe Benefits - Direct Labor - PSO		0.00
PR4231	Payroll Taxes (FICA & UC) - Direct Labor - PSO		0.00
PR4239	Depreciation Expense - PSO		0.00
00805908 03	Outside Maintenance of PSO Coal Cars		10,483.86
00805909 03	Switching Fees - PSO		0.00
PR4278	Repainting Coal Cars - PSO		0.00
	Total 100% PSO Costs	$	30,776.74


COSTS TO BE SHARED {Ratio of Direct Labor}:
		SHARED
00805904 01	Shop Material	$	8,295.81
00805904 02	Small Tools		0.00
00805904 03	Facility Maintenance - Material		23,236.30
00805903 01	3RD Party Direct Material		236,174.93
00805904 07	Switch Engine Operation and Maintenance		3,894.69
00805904 04	Sale of Scrap		0.00
00805905 01	Supervision		18,740.05
00805905 02	Clerical		11,238.46
00805905 03	Training and Safety		5,641.53
00805905 04	General Shop Labor		14,028.09
00805905 05	Facility Maintenance - Labor		15,307.48
00805905 06	Labor Switch Engine Operation and Maintenance		15,936.72
PR4201	Ad Valorem Taxes - Facility		0.00
PR4108	Labor - Other		0.00
00805906 04	Employee Activities		0.00
00805903 04	3RD Party Remfg Labor Cars		8,757.39
00805903 03	3RD Party Direct Labor Cars		78,860.42
-	Data Processing Charges		0.00
-	Insurance Facility		0.00
00805907 01	Misc.		7,728.28
PR4220	Injuries and Damages		0.00
PR4221	Insurance - Liability and Property		0.00
00805906 07	Maintenance of Facilities (Contracted)		1,712.72
00805906 08	Office Supplies and Expenses		480.80
00805906 01	Taxes		0.00
00805911 01	3RD Party Sales Expense		17,662.47
00805906 09	Utilities - Heat, Light, Power and Water		6,605.47
00805906 10	Utilities - Telephone		442.78
00805906 11	Vehicle Expense		101.80
PR4237	Depreciation Expense		0.00
00805906 05	Employee Travel Expenses		386.64
PR4262	Lease - Basic - All Except Coal Cars		0.00
PR4264	Lease - Supplemental Expenses - Facility		0.00
PR4004	Material Direct to Outside Coal Cars		0.00
00805903 05	3rd Party Revenue		(434,139.47)
00805903 02	Stores Salvage - Outside Cars		0.00
00805907 02	AEP East Cars		(24,772.94)
00805907 03	OVEX Cars		3,175.07
	Total Costs Shared on Cost Ratio	$	23,184.17
	{see computation below} -

SWEPCO	52.20	%	$	12,102.14

TCC	0.00	%	$	0.00

PSO	47.80	%	$	11,082.03

Capital Recovery on Capital Expenditures not Covered Under Lease Agreement {Cost Ratio}			$	0.00



TOTAL COSTS FOR THE MONTH

SWEPCO			$	61,891.15

TCC			$	0.00

PSO			$	41,858.77

C. COMPUTATION OF COST RATIO:

Direct Labor SWEPCO	$	8,343.14	52.20	%	SWEPCO
Direct Labor TCC		0.00	0.00	%	TCC
Direct Labor PSO		7,638.38	47.80	%	PSO
Total Direct Labor	$	15,981.52	100.00	%	TOTAL

Exhibit 3

AEP Utilities, Inc.

1 Riverside Plaza

Columbus OH 43215

STATEMENT OF PARTICIPATION IN RAIL CAR MAINTENANCE FACILITY

AT ALLIANCE, NEBRASKA PER SWEPCO - PSO & TCC AGREEMENT

December 2004

A. NUMBER OF RAIL CARS SERVICED

SWEPCO

132

PSO

TCC

OUTSIDE

776

B. AMOUNT OF EXPENDITURES:

COSTS ASSIGNED 100% TO SWEPCO:
		SWEPCO
00805900 01	Direct Material to SWEPCO Coal Cars	$	65,356.35
00805900 02	Stores Salvage - SWEPCO		0.00
00805900 03	Direct Labor to SWEPCO Coal Cars		6,039.78
PR 4101	Charges Other than Direct Labor		0.00
00805900 04	Direct Labor to Rework SWEPCO Material		683.30
PR4104	Charges Other than Direct Labor		0.00
PR4202	Ad Valorem Taxes - SWEPCO Coal Cars		0.00
PR4204	Ad Valorem Taxes - Facility - Direct - SWEPCO		0.00
PR4213	Employee Fringe Benefits - Direct Labor - SWEPCO		0.00
PR4230	Payroll Taxes (FICA & UC) - Direct Labor - SWEPCO		0.00
PR4238	Depreciation Expense - SWEPCO		0.00
PR4263	Lease - Supplemental Expenses - SWEPCO		0.00
00805908 02	Outside Maintenance of SWEPCO Coal Cars		24,314.72
00805909 02	Switching Fees - SWEPCO		2,199.26
PR4277	Repainting Coal Cars - SWEPCO		0.00
	Total 100% SWEPCO Costs	$	98,593.41


COSTS ASSIGNED 100% TO TCC:
		TCC
00805902 01	Direct Material to TCC Coal Cars	$	0.00
PR4014	Inventory Carrying Charges - TCC		0.00
00805902 02	Stores Salvage - TCC		0.00
00805902 03	Direct Labor to TCC Coal Cars		0.00
PR4105	Charges Other than Direct Labor		0.00
00805902 04	Direct Labor to Rework TCC Material		0.00
PR4106	Charges Other than Direct Labor		0.00
PR4216	Ad Valorem Taxes - Facility - Direct - TCC		0.00
PR4217	Employee Fringe Benefits - Direct Labor - TCC		0.00
PR4218	Payroll Taxes (FICA & UC) - Direct Labor - TCC		0.00
PR4240	Depreciation Expense - TCC		0.00
00805908 01	Outside Maintenance of TCC Coal Cars		0.00
00805909 01	Switching Fees - TCC		0.00
PR4279	Repainting Coal Cars - TCC		0.00
	Total 100% TCC Costs	$	0.00


COSTS ASSIGNED 100% TO PSO:
		PSO
00805901 01	Direct Material to PSO Coal Cars	$	28,157.25
PR4015	Inventory Carrying Charges - PSO		6,234.38
00805901 02	Stores Salvage - PSO		0.00
00805901 03	Direct Labor to PSO Coal Cars		8,520.45
PR4102	Charges Other than Direct Labor		0.00
00805901 04	Direct Labor to Rework PSO Material		1,138.99
PR4103	Charges Other than Direct Labor		0.00
PR4205	Ad Valorem Taxes - Facility - Direct - PSO		0.00
PR4214	Employee Fringe Benefits - Direct Labor - PSO		0.00
PR4231	Payroll Taxes (FICA & UC) - Direct Labor - PSO		0.00
PR4239	Depreciation Expense - PSO		0.00
00805908 03	Outside Maintenance of PSO Coal Cars		42,904.04
00805909 03	Switching Fees - PSO		1,099.63
PR4278	Repainting Coal Cars - PSO		0.00
	Total 100% PSO Costs	$	88,054.74


COSTS TO BE SHARED {Ratio of Direct Labor}:
		SHARED
00805904 01	Shop Material	$	11,148.84
00805904 02	Small Tools		0.00
00805904 03	Facility Maintenance - Material		33,988.30
00805903 01	3RD Party Direct Material		284,247.01
00805904 07	Switch Engine Operation and Maintenance		1,491.01
00805904 08	Equipment Operation and Maintenance		1,467.40
00805904 04	Sale of Scrap		0.00
00805905 01	Supervision		14,261.31
00805905 02	Clerical		9,284.28
00805905 03	Training and Safety		6,814.29
00805905 04	General Shop Labor		14,837.63
00805905 05	Facility Maintenance - Labor		13,331.38
00805905 06	Labor Switch Engine Operation and Maintenance		11,215.12
PR4201	Ad Valorem Taxes - Facility		0.00
PR4108	Labor - Other		0.00
00805906 04	Employee Activities		552.84
00805903 04	3RD Party Remfg Labor Cars		7,321.48
00805903 03	3RD Party Direct Labor Cars		73,140.68
	Data Processing Charges		0.00
	Insurance Facility		0.00
00805907 01	Misc.		7,510.78
PR4220	Injuries and Damages		0.00
PR4221	Insurance - Liability and Property		0.00
00805906 07	Maintenance of Facilities (Contracted)		2,584.03
00805906 08	Office Supplies and Expenses		1,346.36
00805906 01	Taxes		0.00
00805911 01	3RD Party Sales Expense		13,293.93
00805906 09	Utilities - Heat, Light, Power and Water		11,519.42
00805906 10	Utilities - Telephone		446.93
00805906 11	Vehicle Expense		0.00
PR4237	Depreciation Expense		0.00
00805906 05	Employee Travel Expenses		95.42
PR4262	Lease - Basic - All Except Coal Cars		0.00
PR4264	Lease - Supplemental Expenses - Facility		0.00
PR4004	Material Direct to Outside Coal Cars		0.00
00805903 05	3rd Party Revenue		(309,220.14)
00805903 02	Stores Salvage - Outside Cars		0.00
00805907 02	AEP East Cars		16,024.42
00805907 03	OVEX Cars		1,712.61
	Total 100% Shared Costs	$	228,415.33
	{see computation below} -

SWEPCO	41.04	%	$	93,741.65

TCC	0.00	%	$	0.00

PSO	58.96	%	$	134,673.68

Capital Recovery on Capital Expenditures not Covered Under Lease Agreement {Cost Ratio}			$	0.00



TOTAL COSTS FOR THE MONTH

SWEPCO			$	192,335.06

TCC			$	0.00

PSO			$	222,728.42

C. COMPUTATION OF COST RATIO:

Direct Labor SWEPCO	$	6,723.08	41.04	%	SWEPCO
Direct Labor TCC		0.00	0.00	%	TCC
Direct Labor PSO		9,659.44	58.96	%	PSO
Total Direct Labor	$	16,382.52	100.00	%	TOTAL