SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) SEPTEMBER 26, 2003
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SOUTHWESTERN ELECTRIC POWER COMPANY
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(Exact name of registrant as specified in its charter)
Delaware 1-3146 72-0323455
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(State or other jurisdiction (Commission File (IRS Employer Identification
of incorporation) Number) No.)
1 Riverside Plaza, Columbus, Ohio 43215
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 614-716-1000
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N/A
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(Former name or former address, if changed since last report)
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Item 5. OTHER EVENTS.
On September 26, 2003, Southwestern Electric Power Company (the
"Company") and SWEPCo Capital Trust I (the "Trust") entered into an Underwriting
Agreement covering the issue and sale by the Trust of 110,000 Flexible Trust
Preferred Securities (Liquidation Amount $1,000 per Preferred Security). Said
Preferred Securities were registered under the Securities Act of 1933, as
amended, pursuant to the registration statement (Registration Statement Nos.
333-108045, 333-108045-01, 333-108045-02 and 333-108045-03) of the Company and
the Trust.
Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
1(a) Underwriting Agreement, dated September 26,
2003, among the Company, the Trust and Lehman
Brothers Inc., as the representative of the
underwriters name in Schedule I thereto.
4(c)(i) First Supplemental Indenture dated as of
October 1, 2003, providing for the issuance
of the Company's Series B Junior Subordinated
Debentures due October 1, 2043
4(f)(i)(A) Amended and Restated Trust Agreement of
SWEPCo Capital Trust I.
4(j) Form of Preferred Security of SWEPCo Capital
Trust I (included in Exhibit 4(f)(i)(A)
above).
4(k) Form of Series B Junior Subordinated
Debentures due October 1, 2043 (included in
Exhibit 4(c)(i) above).
4(i)(i)(A) Guarantee Agreement relating to SWEPCo
Capital Trust I.
4.9 Agreement as to Expenses and Liabilities
relating to SWEPCo Capital Trust I (included
in exhibit 4(f)(i)(A) above.)
5(a)(i) Opinion of Simpson Thacher & Bartlett LLP.
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5(b)(i) Opinion of Richards, Layton & Finger, P.A.,
relating to SWEPCo Capital Trust I.
8 Tax Opinion of Simpson Thacher & Bartlett
LLP.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 3, 2003 SOUTHWESTERN ELECTRIC
POWER COMPANY
By: /s/ THOMAS G. BERKEMEYER
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Thomas G. Berkemeyer
Assistant Secretary