AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
VARIABLE INTEREST ENTITIES
March 31, 2012
(in millions)

										TCC
		SWEPCo		I&M		Protected Cell				Transition
		Sabine		DCC Fuel		of EIS		AEP Credit		Funding
	ASSETS
	Current Assets	$	75	$	123	$	130	$	885	$	141
	Net Property, Plant and Equipment		167		159		-		-		-
	Other Noncurrent Assets		57		98		6		1		2,343
	Total Assets	$	299	$	380	$	136	$	886	$	2,484

	LIABILITIES AND EQUITY
	Current Liabilities	$	48	$	92	$	51	$	840	$	248
	Noncurrent Liabilities		251		288		67		1		2,218
	Equity		-		-		18		45		18
	Total Liabilities and Equity	$	299	$	380	$	136	$	886	$	2,484

AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES
VARIABLE INTEREST ENTITIES
December 31, 2011
(in millions)

										TCC
		SWEPCo		I&M		Protected Cell				Transition
		Sabine		DCC Fuel		of EIS		AEP Credit		Funding
	ASSETS
	Current Assets	$	48	$	118	$	121	$	910	$	220
	Net Property, Plant and Equipment		154		188		-		-		-
	Other Noncurrent Assets		42		118		6		1		1,580
	Total Assets	$	244	$	424	$	127	$	911	$	1,800

	LIABILITIES AND EQUITY
	Current Liabilities	$	68	$	103	$	40	$	864	$	229
	Noncurrent Liabilities		176		321		71		1		1,557
	Equity		-		-		16		46		14
	Total Liabilities and Equity	$	244	$	424	$	127	$	911	$	1,800

The entire disclosure for earnings per share.

+ References+ Details

- Definition

Tabular disclosure of the significant judgments and assumptions made in determining whether a variable interest (as defined) held by the entity requires the variable interest entity (VIE) (as defined) to be consolidated and (or) disclose information about its involvement with the VIE, individually or in aggregate (as applicable); the nature of restrictions, if any, on the consolidated VIE's assets and on the settlement of its liabilities reported by an entity in its statement of financial position, including the carrying amounts of such assets and liabilities; the nature of, and changes in, the risks associated with involvement in the VIE; how involvement with the VIE affects the entity's financial position, financial performance, and cash flows; the lack of recourse if creditors (or beneficial interest holders) of the consolidated VIE have no recourse to the general credit of the primary beneficiary (if applicable); the terms of arrangements, giving consideration to both explicit arrangements and implicit variable interests, if any, that could require the entity to provide financial support to the VIE, including events or circumstances that could expose the entity to a loss; the methodology used by the entity for determining whether or not it is the primary beneficiary of the variable interest entity; the significant factors considered and judgments made in determining that the power to direct the activities of a VIE that most significantly impact the VIE's economic performance are shared (as defined); the carrying amounts and classification of assets and liabilities of the VIE included in the statement of financial position; the entity's maximum exposure to loss, if any, as a result of its involvement with the VIE, including how the maximum exposure is determined and significant sources of the entity's exposure to the VIE; a comparison of the carrying amounts of the assets and liabilities and the entity's maximum exposure to loss; information about any liquidity arrangements, guarantees, and (or) other commitments by third parties that may affect the fair value or risk of the entity's variable interest in the VIE; whether or not the entity has provided financial support or other support (explicitly or implicitly) to the VIE that it was not previously contractually required to provide or whether the entity intends to provide that support, including the type and amount of the support and the primary reasons for providing the support; and supplemental information the entity determines necessary to provide.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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+ Details