AEP U9C3


 
File No. 074-00015
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
 
FORM U-9C-3
 
QUARTERLY REPORT
 
For the quarter ended March 31, 2005
 
Filed Pursuant to Rule 58 of the Public Utility Holding Company
Act of 1935
 
by
AMERICAN ELECTRIC POWER COMPANY, INC.
1 Riverside Plaza, Columbus, Ohio 43215
 
 
 
 
 
 
 
 
 


AMERICAN ELECTRIC POWER COMPANY, INC.
FORM U-9C-3
For the Quarter Ended March 31, 2005
 
CONTENTS
 
 
 
ITEM 1 - Organization Chart as of March 31, 2005
 
 
 
ITEM 2 - Issuances and Renewals of Securities and Capital Contributions
 
   
ITEM 3 - Associated Transactions
 
 
 
ITEM 4 - Summary of Aggregate Investment
 
 
 
ITEM 5 - Other Investments
 
 
 
ITEM 6 - Financial Statements and Exhibits
 
 
 
                 Statements of Income
 
   
                 Balance Sheets
 
   
                 Exhibit
     
 
 

ITEM 1 — ORGANIZATION CHART AS OF MARCH 31, 2005
 
 
Company names are indented and numbered to identify them as subsidiaries of the company that is listed immediately above them at the next tier. Some companies are subsidiaries of more than one company. The reference code for each subsidiary refers to the supplemental schedule to the organization chart that provides details regarding date and state of organization, nature of business, etc. required to be reported under Item 1.
 

 
Reference Code 
00. American Electric Power Company, Inc. (Parent of Rule 58 Companies shown below)
 
 
 
  01. American Electric Power Service Corporation (Not a Rule 58 Company)
 
   
  01. AEP C&I Company, LLC
 
1
 
    02. AEP Texas Commercial & Industrial Retail GP, LLC
 
2
 
      03. AEP Texas Commercial & Industrial Retail LP
 
3
 
    02. AEP Texas Commercial & Industrial Retail LP
 
3
 
    02. AEP Gas Power GP, LLC
 
4
 
      03. AEP Gas Power Systems, LLC
 
5
 
    02. REP Holdco, LLC
 
6
 
      03. Mutual Energy SWEPCO, LP
 
7
 
      03. REP General Partner LLC
 
8
 
        04. Mutual Energy SWEPCO, LP
 
7
 
  01. AEP Coal, Inc.
 
9
 
    02. Snowcap Coal Company, Inc.
 
10
 
    02. AEP Kentucky Coal, LLC
 
11
 
    02. AEP Ohio Coal, LLC
 
12
 
    02. AEP West Virginia Coal, Inc.
 
13
 
  01. AEP Investments, Inc. (Not a Rule 58 Company)
 
 
 
    02. AEP EmTech, LLC
 
14
 
      03. Universal Supercapacitors, LLC
 
15
 
      03. Integrated Fuel Cell Technologies, Inc.
 
16
 
      03. Distribution Vision 2010, LLC
 
17
 
    02. Dynelec, Inc.
 
18
 
    02. Intercontinental Exchange, Inc.
 
19
 
    02. Powerspan Corporation
 
20
 
    02. Enerwise Global Technologies, Inc.
 
21
 
    02. Powerware Solutions, Inc.
 
22
 
    02. PHPK Technologies, Inc.
 
23
 
  01. AEP Power Marketing, Inc.
 
24
 
    02. AEP Coal Marketing, LLC
 
25
 
    02. AEP Emissions Marketing, LLC
 
26
 
  01. AEP Pro Serv, Inc. (Not a Rule 58 Company)
 
   
    02. Diversified Energy Contractors Company, LLC
 
27
 
      03. DECCO II LLC
 
28
 
        04. Diversified Energy Contractors, LP
 
29
 
      03. Diversified Energy Contractors, LP
 
29
 
    02. United Sciences Testing, Inc.
 
30
 
  01. AEP T&D Services, LLC   31  
  01. AEP Texas POLR, LLC
 
32
 
    02. AEP Texas POLR GP, LLC
 
33
 
      03. POLR Power, LP
 
34
 
    02. POLR Power, LP
 
34
 
  01. AEP Resources, Inc. (Not a Rule 58 Company)      
    02. AEP Energy Services, Inc.  
35
 
  01. AEP Utilities, Inc. (Not a Rule 58 Company)
 
   
    02. Southwestern Electric Power Company (Not a Rule 58 Company)
 
   
      03. The Arklahoma Corporation
 
36
 
      03. Southwest Arkansas Utilities Corporation
 
37
 
      03. Dolet Hills Lignite Company, LLC
 
38
 
    02. CSW Energy, Inc. (Not a Rule 58 Company)
 
   
      03. CSW Development-I, Inc.
 
39
 
        04. CSW Mulberry II, Inc.
 
40
 
          05. CSW Mulberry, Inc.
 
41
 
        04. Noah I Power GP, Inc.
 
42
 
          05. Noah I Power Partners, LP
 
43
 
        04. Noah I Power Partners, LP   43  
        04. CSW Orange II, Inc.
 
44
 
          05. CSW Orange, Inc.
 
45
 
      03. CSW Ft. Lupton, Inc.
 
46
 
      03. CSW Power Marketing, Inc.*   47  
      03. CSW Services International, Inc.*   48  
      03. CSW Sweeny GP I, Inc.
 
49
 
        04. CSW Sweeny GP II, Inc.
 
50
 
          05. Sweeny Cogeneration Limited Partnership
 
51
 
      03. CSW Sweeny LP I, Inc.
 
52
 
        04. CSW Sweeny LP II, Inc.
 
53
 
          05. Sweeny Cogeneration Limited Partnership
 
51
 
    02. CSW Energy Services, Inc.
 
54
 
      03. Nuvest, LLC
 
55
 
        04. National Temporary Services, Inc.
 
56
 
          05. Octagon, Inc.
 
57
 
        04. ESG, LLC
 
58
 
        04. ESG Manufacturing, LLC
 
59
 
 
* Inactive
 

ITEM 1 - ORGANIZATION CHART (Continued)
 

 
 
 
 Reference Code
   
Name of Reporting Company
   
Energy or Gas-Related Company 
   
Date of Organization 
   
State of Organization
   
Percentage of Voting Securities Held Directly or Indirectly by American Electric Power
Company, Inc. 
   
Nature of Business 
 
1
 
 
AEP C&I Company, LLC
 
 
Energy
 
 
10/10/00
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
2
 
 
AEP Texas Commercial & Industrial Retail GP, LLC
 
 
Energy
 
 
12/11/00
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
3
 
 
AEP Texas Commercial & Industrial Retail LP

 

 

Energy

 

 

12/12/00

 

 

Delaware

 

 

100.00
%

 

Marketing of natural gas, electricity or energy related products
 
4
 
 
AEP Gas Power GP, LLC
 
 
Energy
 
 
12/19/00
 
 
Delaware
 
 
100.00
%
 
Distributed generation products
 
5
 
 
AEP Gas Power Systems, LLC
 
 
Energy
 
 
07/09/96
 
 
Delaware
 
 
92.00
%
 
Distributed generation products
 
6
 
 
REP Holdco, LLC
 
 
Energy
 
 
04/04/01
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
7
 
 
Mutual Energy SWEPCO, LP
 
 
Energy
 
 
04/04/01
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
8
 
 
REP General Partner LLC
 
 
Energy
 
 
04/04/01
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
9
 
 
AEP Coal, Inc.
 
 
Energy
 
 
10/29/01
 
 
Nevada
 
 
100.00
%
 
Coal mining
 
10
 
 
Snowcap Coal Company, Inc.
 
 
Energy
 
 
10/29/01
 
 
Delaware
 
 
100.00
%
 
Coal mining
 
11
 
 
AEP Kentucky Coal, LLC
 
 
Energy
 
 
10/29/01
 
 
Delaware
 
 
100.00
%
 
Coal mining
 
12
 
 
AEP Ohio Coal, LLC
 
 
Energy
 
 
10/26/01
 
 
Delaware
 
 
100.00
%
 
Coal mining
 
13
   
AEP West Virginia Coal, Inc.
   
Energy
   
10/29/01
   
Nevada
    100.00  
Coal Mining
 
14
 
 
AEP EmTech, LLC
 
 
Energy
 
 
01/03/01
 
 
Delaware
 
 
100.00
%
 
Development & commercialization of electrotechnologies
 
15
 
 
Universal Supercapacitors, LLC
 
 
Energy
 
 
04/16/02
 
 
Delaware
 
 
50.00
%
 
Energy investments
 
16
 
 
Integrated Fuel Cell Technologies, Inc.
 
 
Energy
 
 
04/04/01
 
 
Delaware
 
 
0.10
%
 
Energy investments
 
17
 
 
Distribution Vision 2010, LLC
 
 
Energy
 
 
10/02/01
 
 
Delaware
 
 
20.00
%
 
Energy investments
 
18
 
 
Dynelec, Inc.
 
 
Energy
 
 
06/03/94
 
 
Ohio
 
 
100
%
 
Energy investments
 
19
 
 
Intercontinental Exchange, Inc.
 
 
Energy
 
 
06/16/00
 
 
Delaware
 
 
5.30
%
 
Marketing of natural gas, electricity, or energy-related products
 
20
 
 
Powerspan Corporation
 
 
Energy
 
 
05/15/97
 
 
Delaware
 
 
9.88
%
 
Energy Investments
 
21
 
 
Enerwise Global Technologies, Inc.
 
 
Energy
 
 
03/02/01
 
 
Delaware
 
 
5.00
%
 
Energy investments
 
22
 
 
Powerware Solutions, Inc.
 
 
Energy
 
 
02/15/94
 
 
Texas
 
 
4.00
%
 
Energy Investments
 
23
 
 
PHPK Technologies, Inc.
 
 
Energy
 
 
07/01/91
 
 
Ohio
 
 
40.40
%
 
Energy Investments
 
24
 
 
AEP Power Marketing, Inc.
 
 
Energy
 
 
07/22/96
 
 
Ohio
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
25
 
 
AEP Coal Marketing, LLC
 
 
Energy
 
 
01/22/03
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
26
 
 
AEP Emissions Marketing, LLC
 
 
Energy
 
 
01/22/03
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
27
 
 
Diversified Energy Contractors Company, LLC
 
 
Energy
 
 
07/03/97
 
 
Delaware
 
 
100.00
%
 
Non-regulated energy-related services and projects
 
28
 
 
DECCO II LLC
 
 
Energy
 
 
08/08/97
 
 
Delaware
 
 
100.00
%
 
Non-regulated energy-related services and projects
 
29
 
 
Diversified Energy Contractors, LP
 
 
Energy
 
 
08/18/97
 
 
Delaware
 
 
100.00
%
 
Non-regulated energy-related services and projects
 
30
 
 
United Sciences Testing, Inc.
 
 
Energy
 
 
05/07/97
 
 
Delaware
 
 
100.00
%
 
Coal cleaning technology
 
31
   
AEP T&D Services, LLC 
   
Energy
   
12/12/00
   
Delaware
    100.00  
Energy services including operations, supply chain, transmission and distribution
 
32
 
 
AEP Texas POLR, LLC
 
 
Energy
 
 
12/11/00
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
33
 
 
AEP Texas POLR GP, LLC
 
 
Energy
 
 
11/14/01
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
34
 
 
POLR
Power, LP
 
 
Energy
 
 
11/14/01
 
 
Delaware
 
 
100.00
%
 
Marketing of natural gas, electricity or energy related products
 
35
   
AEP Energy Services, Inc. 
   
Energy 
   
09/24/96 
   
Ohio 
    100.00  
Broker and market energy commodities 
 
36
 
 
The Arklahoma Corporation
 
 
Energy
 
 
05/16/47
 
 
Arkansas
 
 
47.60
%
 
Electric transmission
 
37
 
 
Southwest Arkansas Utilities Corporation
 
 
Energy
 
 
03/21/28
 
 
Arkansas
 
 
100.00
%
 
Real estate
 
38
 
 
Dolet Hills Lignite Company, LLC
 
 
Energy
 
 
04/09/01
 
 
Delaware
 
 
100.00
%
 
Coal mining
 
39
 
 
CSW Development-I, Inc.
 
 
Energy
 
 
12/06/90
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
40
 
 
CSW Mulberry II, Inc.
 
 
Energy
 
 
03/21/95
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
41
 
 
CSW Mulberry, Inc.
 
 
Energy
 
 
02/03/94
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
42
 
 
Noah I Power GP, Inc.
 
 
Energy
 
 
05/14/91
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
43
 
 
Noah I Power Partners, LP
 
 
Energy
 
 
05/16/92
 
 
Delaware
 
 
95.50
%
 
Independent power plant/
qualifying facility
 
44
 
 
CSW Orange II, Inc.
 
 
Energy
 
 
03/16/95
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
45
 
 
CSW Orange, Inc.
 
 
Energy
 
 
04/21/93
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
46
 
 
CSW Ft. Lupton, Inc.
 
 
Energy
 
 
04/01/93
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
 47
   
CSW Power Marketing, Inc.*
   
Energy
   
03/08/96
   
Delaware
    100.00 %  
Energy management
 
 48
   
CSW Services International, Inc.*
   
Energy
   
03/19/97
   
Delaware
    100.00 %  
Energy management
 
49
 
 
CSW Sweeny GP I, Inc.
 
 
Energy
 
 
09/06/95
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
50
 
 
CSW Sweeny GP II, Inc.
 
 
Energy
 
 
09/06/95
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
51
 
 
Sweeny Cogeneration Limited Partnership
 
 
Energy
 
 
10/10/95
 
 
Delaware
 
 
50.00
%
 
Independent power plant/
qualifying facility
 
52
 
 
CSW Sweeny LP I, Inc.
 
 
Energy
 
 
09/06/95
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
53
 
 
CSW Sweeny LP II, Inc.
 
 
Energy
 
 
09/06/95
 
 
Delaware
 
 
100.00
%
 
Independent power plant/
qualifying facility
 
54
 
 
CSW Energy Services, Inc.
 
 
Energy
 
 
09/24/97
 
 
Delaware
 
 
100.00
%
 
Non-regulated energy-related services and projects
 
55
 
 
Nuvest, LLC
 
 
Energy
 
 
02/20/96
 
 
Delaware
 
 
92.90
%
 
Staff augmentation to power plants
 
56
 
 
National Temporary Services, Inc.
 
 
Energy
 
 
12/31/90
 
 
Pennsylvania
 
 
100.00
%
 
Staff augmentation to power plants
 
57
 
 
Octagon, Inc.
 
 
Energy
 
 
11/05/93
 
 
Delaware
 
 
100.00
%
 
Staff augmentation to power plants
 
58
 
 
ESG, LLC
 
 
Energy
 
 
11/27/96
 
 
Oklahoma
 
 
50.00
%
 
Staff augmentation to power plants
 
59
 
 
ESG Manufacturing, LLC
 
 
Energy
 
 
12/09/04
 
 
Oklahoma
 
 
100.0
%
 
Staff augmentation to power plants
 

 

 
ITEM 2 - ISSUANCES AND RENEWALS OF SECURITIES AND CAPITAL CONTRIBUTIONS
 

SECURITIES:
Company Issuing Security
 
Type of Security Issued
 
Principal Amount of Security
 
Issue or Renewal
 
Cost of Capital
 
Person to Whom Security Was Issued
 
Collateral Given with Security
 
Consideration Received for Each Security
                             
 None                            
                             
 
 
 
CAPITAL CONTRIBUTIONS:

Company Contributing Capital
 
Company Receiving Capital
 
Amount of Capital Contributions
         
(in thousands)
American Electric Power Company, Inc.
 
CSW Energy Services, Inc.
 
$
72,449
 
 

ITEM 3 — ASSOCIATED TRANSACTIONS
 
 
Part I — Transactions performed by reporting companies on behalf of associate companies
 
 

 
Reporting Company
Rendering Services
 
 
Associate Company
Receiving Services
 
Types of
Services Rendered
 
 
Direct Costs
Charged
 
Indirect Costs Charged
 
 
Cost
of Capital
 
Total
Amount Billed
 
(in thousands)
 
 None
 
 
             
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Part II — Transactions performed by associate companies on behalf of reporting companies
 

Associate Company
Rendering Services
 
Reporting Company
Receiving Services
 
Types of
Services
Rendered
 
Direct Costs
Charged
 
Indirect Costs
Charged
 
Cost
of Capital
 
Total
Amount Billed
 
           
(in thousands)
 
   
 
     
 
                 
American Electric Power Service Corporation
   
AEP Energy
Services, Inc.
   
Administrative & Marketing
 
$
691
 
$
745
 
$
-
 
$
1,436
 
CSW Services
International, Inc.
   
Sweeny Cogeneration Limited Partnership
   
Plant Services
   
366
   
736
   
-
   
1,102
 
                                       
     Total
             
$
1,057
 
$
1,481
 
$
-
 
$
2,538
 
 
 

ITEM 4 - SUMMARY OF AGGREGATE INVESTMENT
 

 

Investment in Energy-related Companies
                
                  
   
(in thousands)   
 
                  
Total Consolidated Capitalization - as of March 31, 2005
 
$
20,707,000
 (a)  
 
       
Line 1
 
                         
Total Capitalization Multiplied by 15% (Line 1 multiplied by .15)
   
3,106,050
             
Line 2
 
                         
Greater of $50 million or line 2
           
$
3,106,050
   
Line 3
 
                         
Total Current Aggregate Investment:
                       
(categorized by major line of energy-related business)
                       
                         
Energy-related Category 1: Energy Services
   
-
                 
Energy-related Category 5: Energy Marketing
   
764,503
                 
Energy-related Category 7: Maintenance Services
   
44,498
                 
Energy-related Category 8: Qualifying Facility
   
689,384
                 
Energy-related Category 10: Other Form of Energy
   
133,574
                 
Energy-related Category 2,3,4,6,9
   
27,215
                 
Total Current Aggregate Investment
             
1,659,174
   
Line 4
 
                         
Difference between the greater of $50 million or 15% of capitalization and the total aggregate investment of the registered holding company system (Line 3 less Line 4)
           
 
$
1,446,876         
                         
                         
(a) Includes short-term debt.
 
 
 
 
Investments in gas-related companies:
 
 
 
 
NONE
 
 
 

 
ITEM 5 — OTHER INVESTMENTS
 

 
Major Line of Energy-related Business
 
Other Investment in Last U-9C-3 Report
 
Other Investment in This U-9C-3 Report
 
Reason for Difference in Other Investment
   
 (in thousands)
   
                 
CSW Energy Services Invested Prior to April 1, 1997
 
$
2,696
 
$
2,696
 
Amounts are excluded from Item 4
Independent Power Plant/Qualifying Facility Invested
  Prior to April 1, 1997
   
196,644
   
194,644
 
Amounts are excluded from Item 4
 
 
 
 
 
 
 
 

 
ITEM 6 — FINANCIAL STATEMENTS AND EXHIBIT
 
 
List all financial statements and exhibit filed as a part of this report.
 
 
Financial Statements:
 
Balance Sheets and Income Statements for period ended March 31, 2005 are filed confidentially under a separate cover for:
 
AEP C&I Company, LLC
AEP Coal, Inc.
AEP EmTech, LLC
AEP Energy Services, Inc.
AEP Gas Power GP, LLC
AEP Gas Power Systems, LLC
AEP Power Marketing, Inc.
AEP Texas Commercial & Industrial Retail LP
AEP Texas Commercial & Industrial Retail GP, LLC
AEP Texas POLR GP, LLC
CSW Development-I, Inc. (consolidated)
CSW Energy, Inc. (consolidated)
CSW Energy Services, Inc.
CSW Ft. Lupton, Inc.
CSW Power Marketing, Inc.
CSW Services International, Inc.
Diversified Energy Contractors Company, LLC (DECCO)
Dolet Hills Lignite Company, LLC
Mutual Energy LLC (consolidated)
Mutual Energy SWEPCO, LP
Nuvest, LLC
POLR Power, LP
REP General Partner LLC
Sweeny Cogeneration Limited Partnership
 
 
 
Exhibit:
 
1. Certificate stating that a copy of the U-9C-3 for the previous quarter has been filed with the Ohio, Kentucky, Virginia, West Virginia, Tennessee, Indiana, Arkansas, Louisiana, Oklahoma, Michigan and Texas State Commissions.
 
 
 

ITEM 6 — FINANCIAL STATEMENTS AND EXHIBIT (Continued)
 
CERTIFICATE
 
 
The undersigned certifies that he is the duly designated and acting Controller and Chief Accounting Officer of American Electric Power Company, Inc., a New York corporation (“AEP”), and that:
 
 
AEP’s Quarterly Report on Form U-9C-3 filed pursuant to Rule 58 for the quarter ended March 31, 2005 (the “Quarterly Report on Form U-9C-3”) was filed with each state commission having jurisdiction over the retail rates of the public utility companies that are associate companies of any of the reporting companies (the “Specific State Commissions”).
 
 
The names and addresses of the Specific State Commissions are:
 
Indiana Utility Regulatory Commission
302 West Washington Street, E 306
Indianapolis, Indiana 46204
 
Kentucky State Commission
211 Sower Boulevard
P.O. Box 615
Frankfort, Kentucky 40602
 
Michigan Public Service Commission
6545 Mercantile Way
P.O. Box 30221
Lansing, Michigan 48909
 
Public Service Commission of West Virginia
201 Brooks Street
P.O. Box 812
Charleston, West Virginia 25323
 
Tennessee Regulatory Authority
460 James Robertson Parkway
Nashville, Tennessee 37243-0505
 
The Public Utilities Commission of Ohio
180 East Broad Street
Columbus, Ohio 43215
 
Virginia State Corporation Commission
1300 East Main Street
P.O. Box 2118
Richmond, Virginia 23216
 
Arkansas Public Service Commission
1000 Center
P.O. Box 400
Little Rock, AR 72203-0400
 
Louisiana Public Service Commission
One American Place
P.O. Box 91154
Baton Rouge, LA 70821-9154
 
Oklahoma Corporation Commission
2102 N. Lincoln Blvd.
P.O. Box 52000-2000
Oklahoma City, OK 73152-2000
 
Public Utility Commission of Texas
1701 N. Congress Avenue
Austin, TX 78701

 
 
IN WITNESS WHEREOF, I have hereunto set my hand as of the 27th day of May, 2005.
 
 
By: /s/ Joseph M. Buonaiuto

 
Joseph M. Buonaiuto
Controller and Chief Accounting Officer
American Electric Power Company, Inc.
 
 

SIGNATURE
 
 
The undersigned system company has duly caused this quarterly report to be signed on its behalf by the undersigned, thereunto duly authorized, pursuant to the requirements of the Public Utility Holding Company Act of 1935.
 
 
AMERICAN ELECTRIC POWER COMPANY, INC.
 
 
By: /s/ Joseph M. Buonaiuto

 
Joseph M. Buonaiuto
Controller and Chief Accounting Officer
American Electric Power Company, Inc.
 
 
May 27, 2005