aep8k06292009.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)
|
June
24, 2009
|
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.)
|
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)
[
]
|
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
8.01. Other
Events
On June 24, 2009, the Arkansas Court of
Appeals reversed the Arkansas Public Service Commission's (APSC’s) November 2007
grant of a Certificate of Environmental Compatibility and Public Need (CECPN)
for the Turk plant being constructed by Southwestern Electric Power Company
(SWEPCO). The Court concluded that SWEPCO’s need for baseload
capacity, the construction and financing of the generating plant, and the
proposed transmission line construction and location should all have been
considered by the APSC in one docket instead of separate dockets.
Management
disagrees with the Court’s conclusions and believes that the process followed by
the APSC was consistent with the governing statutes and decades of past practice
in Arkansas. On June 29, 2009, SWEPCO appealed this decision to the
Arkansas Supreme Court. While the appeal is pending, SWEPCO intends
to continue constructing the Turk plant.
As of
May 31, 2009, $731 million had been spent on the Turk Plant, of which SWEPCO
paid $555 million, with the remainder paid by the other owners of the Turk
Plant.
Please
see discussions of the Turk Plant on page 39 of the Annual Report on Form 10-K
for the year ended December 31, 2008 and beginning on pages A-17 and A-53 of the
Quarterly Report on Form 10-Q for the period ended March 31, 2009.
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.
|
|
SOUTHWESTERN
ELECTRIC POWER COMPANY
|
|
|
|
|
|
By:
/s/ Jeffrey D.
Cross
|
|
Name:
Jeffrey D. Cross
|
|
Title: Assistant
Secretary
|
June 29,
2009