ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF BALANCE SHEET ARRANGEMENT OF A REGISTRANT
On
The Credit Agreement contains certain covenants and require AEP to maintain its
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 Agreement. Nonperformance by AEP of these
covenants could result in an event of default under the Credit Agreement. The
acceleration of AEP's payment obligations, or the obligations of certain of its
respective subsidiaries, prior to maturity under any other agreement or
instrument relating to debt outstanding in excess of
--------------------------------------------------------------------------------
© Edgar Online, source