UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
11-K
(Mark
One)
[
X ]
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the
fiscal year ended December 31, 2004
OR
[
] TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF
THE
SECURITIES EXCHANGE ACT OF 1934
For
the
transition period from
to
AMERICAN
ELECTRIC POWER SYSTEM
RETIREMENT
SAVINGS PLAN
(Full
title of the plan)
AMERICAN
ELECTRIC POWER COMPANY, INC.
1
Riverside Plaza, Columbus, Ohio 43215
(Name
of
issuer of the securities held
pursuant
to the plan and the address
of
its
principal executive office)
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT SAVINGS PLAN
TABLE
OF CONTENTS
|
|
PAGES
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|
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SIGNATURES
|
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3
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|
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
|
|
|
4
|
|
FINANCIAL
STATEMENTS:
|
|
|
|
|
Statements of Net Assets Available for Benefits as of December
31, 2004
and 2003
|
|
|
5
|
|
Statements of Changes in Net Assets Available for Benefits
for the Years
Ended December 31, 2004 and 2003
|
|
|
6
|
|
Notes to Financial Statements
|
|
|
7-10
|
|
SUPPLEMENTAL
SCHEDULE:
|
|
|
|
|
Schedule of Assets Held as of December 31, 2004
|
|
|
11-12
|
|
EXHIBITS:
|
|
|
|
|
Exhibit Index
|
|
|
13
|
|
Consent of Independent Registered Public Accounting Firm
|
|
|
14
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|
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT SAVINGS PLAN
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Benefits
Finance
Committee has duly caused this annual report to be signed by the undersigned
thereunto duly authorized.
By: /s/
J.
Steven
Kiser
J.
Steven
Kiser, Secretary
Date: June
24, 2005
REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
American
Electric Power Service Corporation, as Plan Administrator:
We
have
audited the accompanying statements of net assets available for benefits
of the
American Electric Power System Retirement Savings Plan (the “Plan”) as of
December 31, 2004 and 2003, and the related statements of changes in net
assets
available for benefits for the years then ended. These financial statements
are
the responsibility of the Plan's management. Our responsibility is to express
an
opinion on these financial statements based on our audits.
We
conducted our audit in accordance with standards of the Public Company
Accounting Oversight Board (United States). Those standards require that
we plan
and perform the audit to obtain reasonable assurance about whether the
financial
statements are free of material misstatement. The Plan is not required
to
have, nor were we engaged to perform, an audit of its internal control
over
financial reporting. Our audit included consideration of internal
control
over financial reporting as a basis for designing audit procedures that
are
appropriate in circumstances, but not for the purpose of expressing an
opinion
on the effectiveness of the Plan's internal control over financial
reporting. Accordingly, we express no such opinion. An
audit
includes examining, on a test basis, evidence supporting the amounts and
disclosures in the financial statements, assessing the accounting principles
used and significant estimates made by Plan management, as well as evaluating
the overall financial statement presentation. We believe that our audits
provide
a reasonable basis for our opinion.
In
our
opinion, such financial statements present fairly, in all material respects,
the
net assets available for benefits of the Plan as of December 31, 2004 and
2003,
and the changes in net assets available for benefits for the years then
ended in
conformity with accounting principles generally accepted in the United
States of
America.
Our
audits were conducted for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule listed
in the
Table of Contents is presented for the purpose of additional analysis and
is not
a required part of the basic financial statements but is supplementary
information required by the Department of Labor's Rules and Regulations
for
Reporting and Disclosure under the Employee Retirement Income Security
Act of
1974. This supplemental schedule is the responsibility of the Plan's management.
The supplemental schedule has been subjected to the auditing procedures
applied
in the audits of the basic financial statements and, in our opinion, is
fairly
stated in all material respects when considered in relation to the basic
financial statements taken as a whole.
/s/DELOITTE
&
TOUCHE LLP
DELOITTE
&
TOUCHE LLP
Columbus,
Ohio
June
22, 2005
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT
SAVINGS PLAN
STATEMENTS
OF NET ASSETS AVAILABLE FOR BENEFITS AS OF DECEMBER
31, 2004 AND 2003
|
|
|
2004
|
|
|
2003
|
|
ASSETS:
|
|
|
|
|
|
|
|
Investments:
|
|
|
|
|
|
|
|
Group
Annuity, Bank Investment and Other Fixed Income Contracts
|
|
$
|
924,361,737
|
|
$
|
895,748,232
|
|
American
Electric Power Company, Inc. - Common Stock
|
|
|
488,809,605
|
|
|
470,722,315
|
|
Registered Investment Company Funds
|
|
|
1,209,821,237
|
|
|
1,052,591,732
|
|
Fidelity Institutional Cash Portfolio Fund
|
|
|
33,481,013
|
|
|
26,050,684
|
|
Participant Loans
|
|
|
53,684,903
|
|
|
49,590,440
|
|
|
|
|
|
|
|
|
|
Total Investments
|
|
|
2,710,158,495
|
|
|
2,494,703,403
|
|
|
|
|
|
|
|
|
|
Other
Receivables
|
|
|
491,464
|
|
|
209,543
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS
|
|
$
|
2,710,649,959
|
|
$
|
2,494,912,946
|
|
See
notes
to financial statements.
AMERICAN
ELECTRIC POWER SYSTEM
RETIREMENT
SAVINGS PLAN
STATEMENTS
OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR
THE YEARS ENDED DECEMBER 31, 2004 AND 2003
|
|
2004
|
|
2003
|
|
NET
INVESTMENT INCOME:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest
|
|
$
|
38,968,135
|
|
$
|
43,406,916
|
|
Dividends
|
|
|
52,708,305
|
|
|
42,632,439
|
|
Net Appreciation in Fair Value of Investments
|
|
|
142,596,400
|
|
|
262,171,920
|
|
Total Net Investment Income
|
|
|
234,272,840
|
|
|
348,211,275
|
|
|
|
|
|
|
|
|
|
CONTRIBUTIONS:
|
|
|
|
|
|
|
|
Participants
|
|
|
122,961,189
|
|
|
124,043,826
|
|
Employer
|
|
|
52,615,477
|
|
|
52,709,876
|
|
Total Contributions
|
|
|
175,576,666
|
|
|
176,753,702
|
|
|
|
|
|
|
|
|
|
DISTRIBUTIONS
TO PARTICIPANTS
|
|
|
(192,347,527
|
)
|
|
(195,389,863
|
)
|
|
|
|
|
|
|
|
|
ADMINISTRATIVE AND
MANAGEMENT FEES |
|
|
(1,764,966 |
) |
|
(1,514,837 |
) |
|
|
|
|
|
|
|
|
INCREASE
IN NET ASSETS
|
|
|
215,737,013
|
|
|
328,060,277
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS BEGINNING
OF YEAR
|
|
|
2,494,912,946
|
|
|
2,166,852,669
|
|
|
|
|
|
|
|
|
|
NET
ASSETS AVAILABLE FOR BENEFITS END
OF YEAR
|
|
$
|
2,710,649,959
|
|
$
|
2,494,912,946
|
|
See
notes
to financial statements.
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT
SAVINGS PLAN
NOTES
TO FINANCIAL STATEMENTS FOR
THE YEARS ENDED DECEMBER 31, 2004 AND 2003
1. PLAN
DESCRIPTION
The
following description of the American Electric Power System Retirement
Savings
Plan (the “Plan”) is provided for general information purposes only.
Participants should refer to the Plan documents for more complete
information.
The
Plan
is a defined contribution plan that became effective and commenced operations
on
January 1, 1978. The Plan covers eligible regularly scheduled full-time
and
part-time employees of the
participating subsidiaries of American
Electric Power Company,
Inc. (“AEP”
or
the “Company”). Eligible employees may enroll in the Plan upon commencement of
employment. The Plan is subject to the provisions of the Employee Retirement
Income Security Act of 1974 (“ERISA”). Generally,
eligible employees participating in the Plan may make contributions in
1%
increments up to 30% of their eligible pay (within IRS limits). Participants
who
are age 50 and older are able to save additional pre-tax dollars; the catch-up
contribution limit was $2,000 for 2003 and $3,000 for 2004. The Company
contributes to the Plan, on behalf of each participant, an amount equal
to 75%
of the participant’s contributions up to 6% of the participant’s eligible
compensation for each payroll period, subject to certain limitations. All
contributions are deposited to the American
Electric Power System Retirement
Savings
Plan Trust
after
each pay period. The Plan, in a manner consistent with the requirements
under
section 401 et seq., of the Internal Revenue Code, restricts the amount
that
certain participants who are deemed highly compensated may contribute to
the
Plan. Participants are allowed to change investment elections,
change investment
percentages
in the
funds,
or move
existing fund balances on a daily basis. Participants
are immediately vested in their pre-tax, after-tax and the Company matching
contributions,
including earnings thereon.
American
Electric Power Service Corporation (AEPSC) is the plan
administrator
(Plan Administrator) and plan sponsor. AEPSC is a wholly-owned subsidiary
of AEP. Fidelity Management Trust Company (Fidelity) is the trustee
for all funds and is the record
keeper for the entire Plan.
Effective
January 1, 2002, the AEP Stock Fund, a Plan investment option, was converted
to
an Employee Stock Ownership Plan (ESOP). As a result, participants can
elect to
have dividends generated from their AEP Stock Fund holdings paid out in
cash,
rather than automatically reinvested in the fund. The dividend payouts
are made
each December and are treated as ordinary
income
for tax purposes. The 10 percent early withdrawal penalty for individuals
under
age 59½ does not apply to these dividend payouts.
Participants
may transfer the value of their own cumulative contributions, in any whole
percentage or dollar amount, among investments, and change their investment
elections on a daily basis. Participants may change their payroll
contribution elections coinciding with company payroll periods.
Excluding
their pre-tax contributions, participants may make an unlimited number
of withdrawals of their interest in the Plan, including company
matching
contributions, which are immediately vested. Pre-tax contributions
are not
eligible for withdrawal by participants not yet age 59½, except under hardship
as defined by the Plan or severance of employment.
Participants
may borrow from their savings plan accounts, a minimum of $1,000 but no
more
than the lesser of $50,000 or 50% of their account balance. Loan
terms
range from 12 months to 60 months, or any monthly increment in-between.
Interest
rates, fixed for the life of the loan, are calculated by adding 1% to the
prime
rate, as reported in the Eastern edition of the Wall Street Journal, in
effect
as of the first business day of the calendar quarter in which the loan
is
taken. Active employees make principal and interest payments through
payroll deductions. Retirees/surviving spouses make monthly payments using
a
coupon book. Participant
loans and the accrued interest are collateralized by the account balance,
and
upon
default,
the
outstanding balance
is
subjected to income taxes and possibly penalty taxes.
2. ACCOUNTING
POLICIES
The
accompanying financial statements are prepared on the accrual basis of
accounting.
Investments
have been recorded based on the trade-date and are reported in the Statements
of
Net Assets Available for Benefits at fair value or contract value. The
AEP Stock
Fund investments are valued at year-end quoted AEP
common stock closing
prices. The year-end valuations for the various Fidelity funds are based
on the
closing market prices for the underlying securities as provided by the
Trustee.
The Managed Income Fund contracts are valued at book value, which is equal
to
cost (contributions), plus interest,
less
withdrawals.
All
participant loans are valued at cost, which approximates fair value at
the time
the loan is processed.
Interest
income is recorded on the accrual basis. Dividends are recorded on the
ex-dividend date. These
amounts are reinvested by the Trustee in the same funds that generated
such
income with the exception of the AEP Stock Fund, which pays out or reinvests
dividends at the participants’ discretion. Administrative and Management Fees
include short-term redemption fees and management fees for the Managed
Income
Fund. Fees paid to Fidelity totaled $842,014 and $760,921 for 2004
and
2003 respectively. Other Plan administration expenses are paid
by the
employer and not included in the accompanying statement of changes in net
assets
available for benefits.
Distributions
are recorded when paid. There were no amounts due to participants who requested
distributions from the Plan as
of
December
31, 2004 and 2003.
The
preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management
to make
estimates and assumptions that affect the reported amounts of net assets
available for benefits and changes therein. Actual results could
differ
from those estimates.
Investment
securities, in general, are exposed to various risks, such as interest
rate,
credit, and overall market volatility. Due to the level of risk associated
with
certain investment securities, it is reasonably possible that changes
in the
values of investment securities will occur in the near term and that
such
changes could materially affect the amounts reported in the financial
statements.
Certain
2003 amounts have been reclassified to
conform to the 2004 presentation.
3. INVESTMENT
CONTRACT VALUATION
The
Plan
has a Managed Income Fund with Fidelity as trustee,
which invests primarily in fully benefit responsive investment contracts.
Fidelity maintains the assets in a custodian account. There are no reserves
against contract value for credit risk of the contract issuer or otherwise.
The
account is credited with earnings on the underlying investments and charged
for
Plan withdrawals (credited interest rates ranged from 5.65% to 3.76% and
6.60%
to 2.21% for 2004 and 2003, respectively). The average yield was 4.16%
and 4.83%
for fiscal years ending December 31, 2004 and 2003, respectively. The investment
is recorded in the financial statements based on the contract value of
the
underlying investment contracts as reported to the Plan by Fidelity. Contract
value represents contributions made under the contract, plus earnings,
less
withdrawals.
4. INVESTMENTS
EXCEEDING 5% OF THE
PLAN
NET ASSETS
Investments
exceeding five percent of net assets as
of
December 31, 2004
and
2003 were:
|
|
Fair
Value
|
|
|
|
2004
|
|
|
2003
|
|
|
|
|
|
|
|
|
|
AEP
Common Stock
|
|
$
|
488,809,605
|
|
$
|
470,722,315
|
|
Fidelity
Blue Chip Growth Fund
|
|
$
|
260,990,466
|
|
$
|
260,146,938
|
|
Fidelity
US Equity Index Commingled Pool
|
|
$
|
213,447,570
|
|
$
|
201,192,729
|
|
Fidelity
Managed Income Portfolio II
|
|
$
|
-
|
|
$
|
222,719,515
|
|
Fidelity
OTC Portfolio
|
|
$
|
-
|
|
$
|
131,911,935
|
|
Morgan
Guaranty Act contract
|
|
$
|
174,785,820
|
|
$
|
-
|
|
Bank
of America contract
|
|
$
|
174,783,709
|
|
$
|
-
|
|
State
Street Bank & Trust Company contract
|
|
$
|
174,783,455
|
|
$
|
-
|
|
Rabobank
Nederland contract
|
|
$
|
174,775,218
|
|
$
|
-
|
|
Fidelity
Low-Priced Stock
|
|
$
|
138,270,884
|
|
$
|
-
|
|
5. NET
APPRECIATION IN FAIR VALUE OF INVESTMENTS
During
2004 and 2003, the Plan's investments (including investments purchased,
sold as
well as held during the year) appreciated in value by $142,596,400 and
$262,171,920, respectively, as follows:
|
|
December
31,
|
|
|
|
2004
|
|
2003
|
|
|
|
|
|
|
|
|
|
Investment
at Fair Value:
American Electric Power Company, Inc. - Common Stock
|
|
$
|
57,775,118
|
|
$
|
52,597,832
|
|
Investments
at Estimated Fair Value:
Registered Investment Companies and Group Annuity, Bank Investment
and
Other Fixed Income Contracts
|
|
|
84,821,282
|
|
|
209,574,088
|
|
Total Appreciation
|
|
$
|
142,596,400
|
|
$
|
262,171,920
|
|
6. FEDERAL
INCOME TAX
The
Internal Revenue Service (IRS) has determined that the Plan meets the
requirements of Section 401(a) of the Internal
Revenue Code
(the
Code);
therefore, the Plan’s Trust is exempt from federal income tax pursuant to
Section 501(a) of the Code.
The
Plan
obtained its latest determination letter on February 15, 2005, in which
the IRS
stated that the Plan, as then designed, was in compliance with the applicable
requirements of the Code; provided however, the letter merely acknowledges
receipt of (without approving) the provisions intended to satisfy the
requirements of the Code, as amended by the Economic Growth and Tax Relief
Reconciliation Act of 2001 (“EGTRRA”) and it contemplates that AEP will make
some additional changes to the plan documents that were proposed in
correspondence sent to the IRS in connections with its determination letter
application. Those changes were made pursuant to documents signed on May
11,
2005. The
Company may timely further amend the Plan so that it remains in compliance
with
the requirements of the Internal Revenue Code. Therefore,
no provision for income taxes has been included in the Plan’s financial
statements.
Under
current income tax laws and regulations, participants are not subject to
federal
income tax on the employer contributions to their accounts or on the accumulated
earnings on employee and Company contributions until such amounts are
distributed to participants. Employees have the option to make contributions
to
the Plan on a pre-tax basis, in which case federal income tax is deferred
until
such amounts are distributed.
7. PLAN
TERMINATION
Although
it has not expressed any intent to do so, the Company has the right under
the
Plan to discontinue its contributions at any time and to terminate the
Plan
subject to the provisions of ERISA. In the event of Plan termination,
participants remain 100 percent vested in their accounts.
8. RELATED-PARTY
TRANSACTIONS
Certain
Plan investments are shares of mutual funds managed by Fidelity Investments.
Fidelity is the trustee as defined by the Plan and, therefore, these
transactions qualify as party-in-interest
transactions.
9. LEGAL
ISSUES
In
the
fourth quarter of 2002 and the first quarter of 2003, three lawsuits were
filed
on behalf of the Plan against American Electric Power Company, Inc., certain
AEP
executives, and ERISA Plan Administrator alleging violations of ERISA in
the
selection of AEP stock as an investment alternative, breach of fiduciary
duties
and breach of contract and in the allocation of assets to AEP Stock.
The
ERISA actions are pending in Federal District Court, Columbus, Ohio. The
cases
have been consolidated and the plaintiffs have filed a Consolidated Amended
Complaint containing substantially similar allegations as were in the original
complaints. The Defendants have filed a motion to dismiss these actions
which
the Court denied. The Defendants intend to continue to vigorously defend
against
these actions. The ultimate outcome of these cases cannot be determined
at this
stage of the proceedings.
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT
SAVINGS PLAN
SUPPLEMENTAL
SCHEDULE OF
ASSETS
HELD AS OF DECEMBER 31, 2004
|
NUMBER
OF SHARES/UNITS
|
|
FAIR/CONTRACT
VALUE
|
|
COST
|
|
MANAGED
INCOME FUND:
|
|
|
|
|
|
|
|
|
|
Fixed
Income Contract - Bank of America variable annual yield
(3.76% at December 31, 2004) with an indeterminate maturity
date
|
|
|
|
$
|
174,783,709
|
|
$
|
174,783,709
|
|
Commingled
Pool - Key Bank EPL variable annual yield
(3.76% at December 31, 2004) with an indeterminate maturity
date
|
|
|
|
|
81,599,258
|
|
|
81,599,258
|
|
Group
Annuity Contract - Metropolitan Life Inc. Company 4.58% effective
annual
yield
with an indeterminate maturity date
|
|
|
|
|
22,820,111
|
|
|
22,820,111
|
|
Group
Annuity Contract - Monumental Life Insurance Company 5.65%
effective
annual yield
with an indeterminate maturity date
|
|
|
|
|
6,034,691
|
|
|
6,034,691
|
|
Group
Annuity Contract - Morgan Guaranty Act variable annual yield
(3.77% at December 31, 2004) with an indeterminate maturity
date
|
|
|
|
|
174,785,820
|
|
|
174,785,820
|
|
Group
Annuity Contract - New York Life Insurance Company 5.44% effective
annual
yield
with an indeterminate maturity date
|
|
|
|
|
12,012,438
|
|
|
12,012,438
|
|
Group
Annuity Contract - Rabobank Nederland variable annual yield
(3.77% at December 31, 2004) with an indeterminate maturity
date
|
|
|
|
|
174,775,218
|
|
|
174,775,218
|
|
Group
Annuity Contract - Security Life of Denver Insurance Company
5.25%
effective annual yield
with an indeterminate maturity date
|
|
|
|
|
12,952,232
|
|
|
12,952,232
|
|
Group
Annuity Contract - State Street Bank & Trust Company variable annual
yield
(3.83% at December 31, 2004) with an indeterminate maturity
date
|
|
|
|
|
174,783,455
|
|
|
174,783,455
|
|
Group
Annuity Contract - Travelers Insurance Co. 4.67% effective
annual yield
with an indeterminate maturity date
|
|
|
|
|
34,243,164
|
|
|
34,243,164
|
|
Commingled
Pool Wells Fargo variable annual yield
(4.64% at December 31, 2004) with an indeterminate maturity
date
|
|
|
|
|
55,571,641
|
|
|
55,571,641
|
|
Subtotal
|
|
|
|
|
924,361,737
|
|
|
924,361,737
|
|
Fidelity
Institutional Cash Portfolio Fund
|
|
30,316,429
Units
|
|
|
30,316,429
|
|
|
30,316,429
|
|
TOTAL
- MANAGED INCOME FUND
|
|
|
|
$
|
954,678,166
|
|
$
|
954,678,166
|
|
|
|
|
|
|
|
|
|
|
|
AEP
STOCK FUND:
|
|
|
|
|
|
|
|
|
|
American
Electric Power Company, Inc. Common Stock $6.50 par value
|
|
14,234,409
Shares
|
|
$
|
488,809,605
|
|
$
|
451,501,654
|
|
Fidelity
Institutional Cash Portfolio Fund
|
|
3,377,758
Units
|
|
|
3,164,584
|
|
|
3,164,584
|
|
TOTAL
- AEP STOCK FUND
|
|
|
|
$
|
491,974,189
|
|
$
|
454,666,238
|
|
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT
SAVINGS PLAN
SUPPLEMENTAL
SCHEDULE OF
ASSETS
HELD AS OF DECEMBER 31, 2004
(continued)
|
|
NUMBER
OF SHARES/UNITS
|
|
FAIR/CONTRACT
VALUE
|
|
COST
|
|
REGISTERED
INVESTMENT COMPANY:
|
|
|
|
|
|
|
|
|
|
|
Fidelity Blue Chip Growth Fund
|
|
|
6,257,264
Units
|
|
$
|
260,990,466
|
|
$
|
236,019,835
|
|
Fidelity Diversified International Fund
|
|
|
813,834
Units
|
|
|
23,308,201
|
|
|
19,578,858
|
|
Fidelity Equity Income Fund
|
|
|
2,109,673
Units
|
|
|
111,348,543
|
|
|
90,798,313
|
|
Fidelity Freedom 2000 Fund
|
|
|
539,967
Units
|
|
|
6,522,804
|
|
|
6,348,076
|
|
Fidelity Freedom 2010 Fund
|
|
|
2,174,391
Units
|
|
|
29,615,202
|
|
|
29,054,681
|
|
Fidelity Freedom 2020 Fund
|
|
|
2,295,391
Units
|
|
|
32,043,660
|
|
|
31,216,123
|
|
Fidelity Freedom 2030 Fund
|
|
|
754,065
Units
|
|
|
10,617,242
|
|
|
9,423,625
|
|
Fidelity Freedom 2040 Fund
|
|
|
395,644
Units
|
|
|
3,271,975
|
|
|
2,922,413
|
|
Fidelity Freedom Income Fund
|
|
|
916,122
Units
|
|
|
10,324,698
|
|
|
10,157,915
|
|
Fidelity Low-Priced Stock Fund
|
|
|
3,435,301
Units
|
|
|
138,270,884
|
|
|
105,526,095
|
|
Fidelity OTC Portfolio
|
|
|
3,685,666
Units
|
|
|
127,855,749
|
|
|
136,796,487
|
|
Fidelity Overseas Fund
|
|
|
1,109,226
Units
|
|
|
39,244,432
|
|
|
34,009,514
|
|
Fidelity Puritan Fund
|
|
|
4,756,474
Units
|
|
|
90,135,190
|
|
|
82,882,858
|
|
Fidelity Small Cap Stock Fund
|
|
|
1,126,963
Units
|
|
|
20,465,643
|
|
|
18,605,520
|
|
Fidelity U.S. Equity Index Commingled Pool
|
|
|
5,704,104
Units
|
|
|
213,447,570
|
|
|
155,973,485
|
|
PIMCO Total Return Fund
|
|
|
2,709,934
Units
|
|
|
28,914,998
|
|
|
29,237,297
|
|
T. Rowe Price Mid-Cap Growth Fund
|
|
|
543,343
Units
|
|
|
27,101,952
|
|
|
23,095,915
|
|
T. Rowe Price Mid-Cap Value Fund
|
|
|
1,580,772
Units
|
|
|
36,341,944
|
|
|
33,046,812
|
|
Fidelity Retire Money Market Fund
|
|
|
84
Units
|
|
|
84
|
|
|
84
|
|
TOTAL - REGISTERED INVESTMENT COMPANY
|
|
|
|
|
$
|
1,209,821,237
|
|
$
|
1,054,693,906
|
|
|
|
|
|
|
|
|
|
|
|
|
PARTICIPANT
LOANS (interest rate ranging from 5.00% through 10.5% maturing
through January 2009)
|
|
|
|
|
$
|
53,684,903
|
|
$
|
53,684,903
|
|
TOTAL
INVESTMENTS
|
|
|
|
|
$
|
2,710,158,495
|
|
$
|
2,517,723,213
|
|
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT
SAVINGS PLAN
EXHIBIT
INDEX
Exhibit
Number Description
23 Consent
of Independent
Registered
Public
Accounting Firm
EXHIBIT
23
AMERICAN
ELECTRIC POWER SYSTEM RETIREMENT
SAVINGS PLAN
CONSENT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
American
Electric Power Company, Inc.:
We
consent to the incorporation by reference in Post-Effective Amendment No.
3 to
Registration Statement No. 33-1052 of American Electric Power System Retirement
Savings Plan on Form S-8 of our report dated June
22,
2005 appearing
in this Annual Report on Form 11-K of American Electric Power System Retirement
Savings Plan for the year ended December 31, 2004.
/s/DELOITTE
&
TOUCHE
LLP
DELOITTE
&
TOUCHE
LLP
Columbus,
Ohio
June
24,
2005