| AEP does not anticipate any equity issuance in FY10 other than what is required for its DRIP program ($200 million). The Company is anticipating a $1.0 billion of debt issuances in FY10 and has a $490.0 million maturity due in March 2010 at the parent.
AEP formed a transmission company, or Transco, to pursue new transmission opportunities within the Company's existing 11-state footprint, a key component in a three-part national transmission strategy. AEP has existing and planned transmission projects in the Electric Reliability Council of Texas (ERCOT) through its Electric Transmission Texas joint venture with MidAmerican Energy Holdings Company. AEP is also pursuing transmission projects outside its footprint and outside ERCOT through joint ventures with numerous other companies, including Electric Transmission America, AEP's broader partnership with MidAmerican.
AEP expects to invest $118.0 million in Transco activities in 2010.
Most of the firms believe AEP is on track to meet or exceed its rate relief target of $320.0 million for FY10, of which $167.0 million has already been secured.
In 4Q09, AEP secured rate relief of $178.0 million at the Ohio companies (Ohio Power and Columbus Southern), Appalachian Power (APCo), Public Service of Oklahoma (PSO), and Indiana Michigan Power (I&M). In FY09, AEP secured rate relief of $725 million at the Ohio companies, APCo, PSO, I&M, and Kentucky Power.
| 
