aep8k4102008.htm
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF THE
SECURITIES
EXCHANGE ACT OF 1934
Date
of report (Date of earliest event reported)
|
April
4, 2008
|
AMERICAN
ELECTRIC POWER COMPANY, INC.
|
(Exact
Name of Registrant as Specified in Its Charter)
1-3525
|
New
York
|
13-4922640
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
APPALACHIAN
POWER COMPANY
|
(Exact
Name of Registrant as Specified in Its Charter)
1-3457
|
Virginia
|
54-0124790
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
COLUMBUS
SOUTHERN POWER COMPANY
|
(Exact
Name of Registrant as Specified in Its Charter)
1-2680
|
Ohio
|
31-4154203
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
INDIANA
MICHIGAN POWER COMPANY
|
(Exact
Name of Registrant as Specified in Its Charter)
1-3570
|
Indiana
|
35-0410455
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
(Exact
Name of Registrant as Specified in Its Charter)
1-6543
|
Ohio
|
31-4271000
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
1
Riverside Plaza, Columbus, OH
|
43215
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
PUBLIC
SERVICE COMPANY OF OKLAHOMA
|
(Exact
Name of Registrant as Specified in Its Charter)
0-343
|
Oklahoma
|
73-0410895
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
1
Riverside Plaza, Columbus, OH
|
43215
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
SOUTHWESTERN
ELECTRIC POWER COMPANY
|
(Exact
Name of Registrant as Specified in Its Charter)
1-3146
|
Delaware
|
72-0323455
|
(Commission
File Number)
|
(State
or Other Jurisdiction of Incorporation)
|
(IRS
Employer Identification No.)
|
1
Riverside Plaza, Columbus, OH
|
43215
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
(Registrant’s
Telephone Number, Including Area Code)
(Former
Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions (see General Instruction
A.2. below):
[
]
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
|
|
[
]
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
|
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[
]
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
|
|
|
[
]
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
ITEM
2.03
|
CREATION
OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF BALANCE
SHEET ARRANGEMENT OF A REGISTRANT
|
On April
4, 2008, American Electric Power Company, Inc., Appalachian Power Company,
Columbus Southern Power Company, Indiana Michigan Power Company, Ohio Power
Company, Public Service Company of Oklahoma and Southwestern Electric Power
Company (collectively, the “Borrowers”) entered into a $650,000,000 3-Year
Credit Agreement, dated April 4, 2008, among the Borrowers, AEP Texas Central
Company, AEP Texas North Company, Kentucky Power Company, the Initial Lenders
named therein, the Swingline Bank party thereto, the LC Issuing Banks party
thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
On April
4, 2008, American Electric Power Company, Inc., Appalachian Power Company,
Columbus Southern Power Company, Indiana Michigan Power Company, Ohio Power
Company, Public Service Company of Oklahoma and Southwestern Electric Power
Company (collectively, the “Borrowers”) also entered into a $350,000,000 364-Day
Credit Agreement, dated April 4, 2008, among the Borrowers, AEP Texas Central
Company, AEP Texas North Company, Kentucky Power Company, the Initial Lenders
named therein, the Swingline Bank party thereto, the LC Issuing Banks party
thereto, and JPMorgan Chase Bank, N.A., as Administrative Agent.
Borrowings and letters of credit issued
under the Credit Agreements are available upon customary terms and conditions
for facilities of this type. Our revolving credit agreements contain
certain covenants and require the Borrowers to maintain their respective
percentage of debt to total capitalization at a level that does not exceed
67.5%. The method for calculating outstanding debt and other capital
is contractually defined in the credit agreements. Nonperformance by
a Borrower of these covenants could result in an event of default under these
credit agreements for such Borrower. The acceleration of a Borrower’s
payment obligations, or the obligations of certain of their respective
subsidiaries, prior to maturity under any other agreement or instrument relating
to debt outstanding in excess of $50 million would cause an event of default
under these credit agreements for such Borrower and permit the lenders to
declare such Borrower’s outstanding amounts payable. The two
revolving credit facilities do not permit the lenders to refuse a draw on either
facility if a material adverse change occurs.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the Registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
|
AMERICAN
ELECTRIC POWER COMPANY, INC.
|
|
APPALACHIAN
POWER COMPANY
|
|
COLUMBUS
SOUTHERN POWER COMPANY
|
|
INDIANA
MICHIGAN POWER COMPANY
|
|
OHIO
POWER COMPANY
|
|
PUBLIC
SERVICE COMPANY OF OKLAHOMA
|
|
SOUTHWESTERN
ELECTRIC POWER COMPANY
|
|
|
|
|
|
|
|
|
|
By:
|
/s/
Thomas G. Berkemeyer
|
|
Name:
|
Thomas
G. Berkemeyer
|
April 10,
2008