Correction: ֳ Affirms 130 U.S. Utility, Gas & Power Companies' Ratings

ֳ

Rating Action Commentary

Correction: ֳ Affirms 130 U.S. Utility, Gas & Power Companies' Ratings

Mon 22 Sep, 2014 - 3:24 PM ET


Link to ֳ' Report:

ֳ-Chicago-22 September 2014: (This announcement corrects the version published on April 7, 2014 to include Alabama Power Company Capital Trust V).

ֳ has affirmed 130 U.S. Utility, Gas & Power companies' ratings.

The worksheet 'Rating Actions' provides:

--A full list of ratings affirmed;
--A hyperlink to each issuer's rating summary page at ;
--Primary analyst and secondary analyst contact information.

Contact:

Committee Chairperson
Michael Weaver
Managing Director
+1-312-368-3156
ֳ, Inc.
70 W. Madison Street
Chicago, IL 60602


Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549, Email: brian.bertsch@fitchratings.com.

Additional information is available at .

Applicable Criteria and Related Research:
--'Corporate Rating Methodology' (May 28, 2014).

Applicable Criteria and Related Research:


Additional Disclosure



ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ''. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

PARTICIPATION STATUS

The rated entity (and/or its agents) or, in the case of structured finance, one or more of the transaction parties participated in the rating process except that the following issuer(s), if any, did not participate in the rating process, or provide additional information, beyond the issuer’s available public disclosure.

Solicitation Status

The ratings above were solicited and assigned or maintained at the request of the rated entity/issuer or a related third party. Any exceptions follow below.

UNSOLICITED ISSUERS
ENTITY/SECURITYISIN/CUSIPRATING TYPESOLICITATION STATUS
AEP Texas Central Company-Long Term Issuer Default RatingUnsolicited
AEP Texas Central Company-Short Term Issuer Default RatingUnsolicited
AEP Texas North Co.-Long Term Issuer Default RatingUnsolicited
AEP Texas North Co.-Short Term Issuer Default RatingUnsolicited
American Electric Power Company, Inc.-Long Term Issuer Default RatingUnsolicited
American Electric Power Company, Inc.-Short Term Issuer Default RatingUnsolicited
Appalachian Power Co.-Long Term Issuer Default RatingUnsolicited
Indiana Michigan Power Co.-Long Term Issuer Default RatingUnsolicited
Kentucky Power Co.-Long Term Issuer Default RatingUnsolicited
Ohio Power Co.-Long Term Issuer Default RatingUnsolicited
Ohio Power Co.-Short Term Issuer Default RatingUnsolicited
Public Service Company of Oklahoma-Long Term Issuer Default RatingUnsolicited
Public Service Company of Oklahoma-Short Term Issuer Default RatingUnsolicited
Southwestern Electric Power Co.-Long Term Issuer Default RatingUnsolicited
AEP Texas Inc. senior unsecured bond/noteUS0010EPAF55Long Term RatingUnsolicited
AEP Texas Inc. senior unsecured bond/noteUSU00804AB73Long Term RatingUnsolicited
AEP Texas Inc. senior unsecured bond/noteUS0010EPAD08Long Term RatingUnsolicited
AEP Texas Inc. senior unsecured bond/note-Long Term RatingUnsolicited
American Electric Power Company, Inc. senior unsecured bond/note ser EUS025537AF85Long Term RatingUnsolicited
American Electric Power Company, Inc. senior unsecured bond/note ser FUS025537AG68Long Term RatingUnsolicited
American Electric Power Company, Inc. USCP 4(2)/ 144A D0255E2Short Term RatingUnsolicited
American Electric Power Company, Inc. USCP 4(2)/ 144A I0255E5Short Term RatingUnsolicited
American Electric Power Company, Inc. ECP D-Short Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/noteUS037735CB17Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/noteUS037735CQ85Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/note ser KUS037735CD72Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/note ser RUS037735CP03Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/note ser TUS037735CR68Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/noteUS037735BZ93Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/noteUS037735CE55Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/note ser AMBC (insured: Ambac Assurance Corporation)US037735CL98Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/noteUS037735CG04Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/note ser AMBC (insured: Ambac Assurance Corporation)US037735CL98Unenhanced Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/note ser PUS037735CK16Long Term RatingUnsolicited
Appalachian Power Co. senior unsecured bond/noteUS037735CM71Long Term RatingUnsolicited
Indiana Michigan Power Co. senior unsecured bond/noteUS454889AL00Long Term RatingUnsolicited
Indiana Michigan Power Co. senior unsecured bond/note454889E*3Long Term RatingUnsolicited
Indiana Michigan Power Co. senior unsecured bond/noteUS454889AN65Long Term RatingUnsolicited
Indiana Michigan Power Co. senior unsecured bond/noteUS454889AM82Long Term RatingUnsolicited
Kentucky Power Co. senior unsecured bond/noteUS491386AM09Long Term RatingUnsolicited
Kentucky Power Co. senior unsecured bond/noteUSU49129AA46Long Term RatingUnsolicited
Kentucky Power Co. senior unsecured bond/noteUS491386AL26Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/note ser KUS677415CL31Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/noteUS199575AW15Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/note ser MUS677415CP45Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/note ser EUS677415CF62Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/noteUS199575AS03Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/noteUS199575AT85Long Term RatingUnsolicited
Ohio Power Co. senior unsecured bond/noteUS199575AV32Long Term RatingUnsolicited
Ohio Power Co. USCP 3(a)(3) D67742BShort Term RatingUnsolicited
Ohio Power Co. USCP 3(a)(3) D67742AShort Term RatingUnsolicited
Public Service Company of Oklahoma senior unsecured bond/noteUS744533BH25Long Term RatingUnsolicited
Public Service Company of Oklahoma senior unsecured bond/noteUS744533BK53Long Term RatingUnsolicited
Public Service Company of Oklahoma senior unsecured bond/noteUS744533BL37Long Term RatingUnsolicited
Public Service Company of Oklahoma senior unsecured bond/note ser GUS744533BJ80Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/noteUS845437BE12Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/noteUS845437BG69Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/noteUS845437BH43Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/note ser FUS845437BJ09Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/noteUS845437BK71Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/noteUS845437BM38Long Term RatingUnsolicited
Southwestern Electric Power Co. senior unsecured bond/noteUS845437BL54Long Term RatingUnsolicited

ENDORSEMENT POLICY

ֳ's approach to ratings endorsement so that ratings produced outside the EU may be used by regulated entities within the EU for regulatory purposes, pursuant to the terms of the EU Regulation with respect to credit rating agencies, can be found on the EU Regulatory Disclosures page. The endorsement status of all International ratings is provided within the entity summary page for each rated entity and in the transaction detail pages for all structured finance transactions on the ֳ website. These disclosures are updated on a daily basis.