AEPSC definition

AEPSC means American Electric Power Service Corporation and its affiliates, officers, directors, employees, and agents.

Examples of AEPSC in a sentence

  • In the event AEPSC would require financing or other support outside the cost reimbursement billings, this financing would be provided by AEP.

  • AEPSC finances its operations through cost reimbursement from other AEP subsidiaries.

  • AEP subsidiaries are considered to have a significant interest in AEPSC due to their activity in AEPSC’s cost reimbursement structure.

  • AEP subsidiaries are exposed to losses to the extent they cannot recover the costs of AEPSC through their normal business operations.

  • There are no other terms or arrangements between AEPSC and any of the AEP subsidiaries that could require additional financial support from an AEP subsidiary or expose them to losses outside of the normal course of business.

  • AEPSC provides certain managerial and professional services to AEP’s subsidiaries.

  • Charges billed by AEPSC as (b)(1) above are charged directly by respondent to the applicable specific construction projects.

  • AEPSC and its billings are subject to the regulation of the SEC under the 1935 Act.

  • Charges billed by AEPSC as (b)(2) above are allocated to all applicable construction projects proportionate to the direct costs charged to such projects.

  • Overheads “Engineering, Technical and Drafting Services” are engineering services performed by the Engineering Department of American Electric Power Service Corporation (AEPSC).


More Definitions of AEPSC

AEPSC means American Electric Power Service Corporation, a New York corporation and an Affiliate of WPCo.

Related to AEPSC

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