Fri, Mar 28, 8:35 PM (29 days ago)
**Summary of Appalachian Consumer Rate Relief Funding LLC (Ticker: Not Listed) 10-K** **Financial Performance:** - The 10-K does not provide specific financial figures for revenue, net income, operating expenses, or earnings per share, as these details are omitted pursuant to General Instruction J of Form 10-K. **Strategic Overview:** - The company is a wholly-owned subsidiary of Appalachian Power Company (APCo), which is an indirect subsidiary of American Electric Power Company, Inc. (AEP). - The company's managers include executives from AEP and its subsidiaries, ensuring alignment with the parent company's strategic goals. **Future Outlook:** - The company's future outlook is closely tied to AEP's strategic initiatives, particularly in areas like renewables and regulated infrastructure development. - The company adheres to AEP's code of conduct and ethics, maintaining strong corporate governance practices. **Risk Factors:** - The 10-K does not provide specific risk factors, as this section is also omitted pursuant to General Instruction J of Form 10-K. **Financial Condition:** - The company's financial condition is not explicitly detailed in the provided document, but it is implied to be stable given its status as a subsidiary of a large, established energy company. **Market Position Changes:** - The company does not have any voting or non-voting common equity held by non-affiliates, indicating a closely-held structure. - There are no significant legal proceedings or material instances of noncompliance with servicing criteria reported. **Key Personnel:** - Trevor I. Mihalik: President and manager, also holds senior financial roles at AEP and its subsidiaries. - Matthew D. Fransen: Manager, with extensive experience in treasury and finance roles at AEP. - Sean Emerick: Manager, with a background in project management and corporate services. - William Bleier: Manager, with experience in customer service and account management. **Legal and Regulatory:** - U.S. Bank National Association, as trustee, is involved in litigation related to residential mortgage-backed securities and student loans, but these issues are not expected to significantly impact the company. **Conclusion:** - Appalachian Consumer Rate Relief Funding LLC operates as a subsidiary with strong ties to AEP, focusing on strategic initiatives aligned with the parent company's goals. The company maintains robust corporate governance and compliance with regulatory standards.