Financing Activities (Tables)

3 Months Ended

Mar. 31, 2012

Financing Activities (Tables) [Abstract]

Long-term Debt

Long-term Debt
	Type of Debt	March 31, 2012		December 31, 2011
		(in millions)
	Senior Unsecured Notes	$	11,862	$	11,737
	Pollution Control Bonds		2,062		2,112
	Notes Payable		428		402
	Securitization Bonds		2,389		1,688
	Junior Subordinated Debentures		315		315
	Spent Nuclear Fuel Obligation (a)		265		265
	Other Long-term Debt		31		29
	Fair Value of Interest Rate Hedges		7		7
	Unamortized Discount, Net		(39)		(39)
	Total Long-term Debt Outstanding		17,320		16,516
	Long-term Debt Due Within One Year		1,980		1,433
	Long-term Debt	$	15,340	$	15,083

(a)       Pursuant to the Nuclear Waste Policy Act of 1982, I&M, a nuclear licensee, has an obligation to the United States Department of Energy for spent nuclear fuel disposal. The obligation includes a one-time fee for nuclear fuel consumed prior to April 7, 1983. Trust fund assets related to this obligation were $308 million at bothMarch 31, 2012 and December 31, 2011and are included in Spent Nuclear Fuel and Decommissioning Trusts on our condensed balance sheets.

Long-term Debt Issuances

			Principal			Interest
Company	Type of Debt		Amount			Rate	Due Date
Issuances:		(in millions)				(%)
PSO	Notes Payable		$	2		3.00	2027
SWEPCo	Senior Unsecured Notes			275		3.55	2022
SWEPCo	Notes Payable			65		4.58	2032
Non-Registrant:
TCC	Securitization Bonds			312		2.845	2024
TCC	Securitization Bonds			308		0.88	2017
TCC	Securitization Bonds			180		1.976	2020
Total Issuances			$	1,142	(a)

(a)Amount indicated on the statement of cash flows of $1,132 million is net of issuance costs and premium or discount.

Retirements and Principal Payments

				Principal		Interest
Company		Type of Debt		Amount Paid		Rate	Due Date
Retirements and			(in millions)			(%)
	Principal Payments:
APCo		Pollution Control Bonds		$	30	6.05	2024
APCo		Pollution Control Bonds			20	5.00	2021
I&M		Notes Payable			6	Variable	2016
I&M		Notes Payable			4	2.12	2016
I&M		Notes Payable			6	Variable	2015
OPCo		Senior Unsecured Notes			150	Variable	2012
SWEPCo		Notes Payable			20	7.03	2012
Non-Registrant:
AEP Subsidiaries		Notes Payable			4	Variable	2017
AEP Subsidiaries		Notes Payable			1	7.59-8.03	2026
TCC		Securitization Bonds			63	4.98	2013
TCC		Securitization Bonds			35	5.96	2013
Total Retirements and
	Principal Payments			$	339

Short Term Debt

Short-term Debt
Our outstanding short-term debt was as follows:
		March 31, 2012				December 31, 2011
		Outstanding		Interest		Outstanding		Interest
	Type of Debt	Amount		Rate (a)		Amount		Rate (a)
		(in millions)				(in millions)
	Securitized Debt for Receivables (b)	$	665	0.26	%	$	666	0.27	%
	Commercial Paper		385	0.46	%		967	0.51	%
	Line of Credit – Sabine (c)		-	-	%		17	1.79	%
	Total Short-term Debt	$	1,050			$	1,650

(a)       Weighted average rate.

(b)       Amount of securitized debt for receivables as accounted for under the ''Transfers and Servicing'' accounting guidance.

(c)       This line of credit does not reduce available liquidity under AEP's credit facilities.

Comparative Accounts Receivable Information

	Three Months Ended
	March 31,
	2012			2011
	(dollars in millions)
Effective Interest Rates on Securitization of Accounts Receivable		0.26	%		0.31	%
Net Uncollectible Accounts Receivable Written Off	$	8		$	11

Customer Accounts Receivable Managed Portfolio

		March 31,		December 31,
		2012		2011
		(in millions)
Accounts Receivable Retained Interest and Pledged as Collateral
	Less Uncollectible Accounts	$	877	$	902
Total Principal Outstanding			665		666
Delinquent Securitized Accounts Receivable			36		38
Bad Debt Reserves Related to Securitization/Sale of Accounts Receivable			19		18
Unbilled Receivables Related to Securitization/Sale of Accounts Receivable			323		370