95-8673. Kentucky Power Co.; Electric Rates: Hearing, Accounting; Order Deferring Hearing Procedures

[Federal Register Volume 60, Number 68 (Monday, April 10, 1995)]
[Notices]
[Page 18094]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-8673]



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DEPARTMENT OF ENERGY
[Docket No. FA 92-61-001]


Kentucky Power Co.; Electric Rates: Hearing, Accounting; Order 
Deferring Hearing Procedures

April 4, 1995.
    On November 25, 1994, the Chief Accountant issued a contested audit 
report, under delegated authority, noting that Kentucky Power Company 
(Kentucky Power) disagreed with certain recommendations made by the 
Division of Audits related to Kentucky Power's accounting for amounts 
billed by an affiliated service company. The Chief Accountant requested 
that Kentucky Power notify the Commission whether it would agree to 
dispose of the contested issue under the shortened procedures provided 
for by Part 41 of the Commission's regulations. Kentucky Power Co., 69 
FERC 62,172; See 18 CFR part 41.
    On December 6, 1994, American Electric Power Service Corporation 
(AEPSC), responding for Kentucky Power, requested that the Commission 
defer further action on the contested issue pending the completion of a 
proceeding before the Securities and Exchange Commission (SEC). AEPSE 
informed the Chief Accountant that the SEC is considering a similar 
issue in its proposed amendments to Form U-13-60. The American Electric 
Power Company (AEP) and other registered public utility holding 
companies have responded to the SEC's request for public comment on 
this subject in FR Doc. 94-23164. AEPSC indicates that Kentucky Power 
and the other jurisdictional AEP system companies may agree to adopt 
the recommendations of the Division of Audits related to the accounting 
classification of service company billings depending upon the final 
order of the SEC.
    It is ordered:
    (A) Further proceedings concerning the appropriateness of Kentucky 
Power's practices as discussed in the November 25, 1994, report issued 
by the Chief Accountant are hereby deferred pending completion of the 
proceeding before the SEC.
    (B) Kentucky Power shall keep the Office of Chief Accountant 
advised of the status of the proceeding before the SEC. On or before 
June 30, 1995, and every six months thereafter, Kentucky Power shall 
provide the Commission a full status report on the proceeding and how 
it affects the issue raised by the Division of Audits.
    (C) This order shall be published in the Federal Register.
Lois D. Cashell,
Secretary.
[FR Doc. 95-8673 Filed 4-7-95; 8:45 am]
BILLING CODE 6717-01-M