Update:  On August 3, 2012, AEP-Ohio filed comments in reply to the initial comments filed by parties last week.  As expected, AEP-Ohio claims that the PUCO should: (1) approve the application in order to enable it to comply with the statutory mandate of full corporate legal separation; (2) waive the market value study because it is reflected in the PUCO’s rules and has no statutory basis; (3) waive the hearing requirement because the OMAEG was the sole commenter to advocate for a hearing; (4) authorize that the disposition of pollution control revenue bonds (“PCRBs”) with tender dates prior to the closing of corporate separation be transferred to AEP Genco (AEP-Ohio’s new affiliate), while PCRBs with tender dates after closing of corporate separation be retained by AEP-Ohio; (5) affirm that renewable energy purchase agreements (“REPAs”) are not generation assets and authorize AEP-Ohio to select which REPAs will remain with AEP-Ohio; and, (6) permit AEP-Ohio to transfer RSR revenues to AEP Genco.  We now await PUCO action and will provide updates accordingly.