XML 62 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
Mar. 31, 2013
Dec. 31, 2012
Current Assets    
Cash and Cash Equivalents $ 179,000,000 $ 279,000,000
Other Temporary Investments 261,000,000 324,000,000
Accounts Receivable:    
Customers 679,000,000 685,000,000
Accrued Unbilled Revenues 210,000,000 195,000,000
Pledged Accounts Receivable - AEP Credit 884,000,000 856,000,000
Miscellaneous 133,000,000 171,000,000
Allowance for Uncollectible Accounts (37,000,000) (36,000,000)
Total Accounts Receivable 1,869,000,000 1,871,000,000
Fuel 839,000,000 844,000,000
Materials and Supplies 681,000,000 675,000,000
Risk Management Assets 162,000,000 191,000,000
Regulatory Asset for Under-Recovered Fuel Costs 91,000,000 88,000,000
Margin Deposits 74,000,000 76,000,000
Prepayments and Other Current Assets 241,000,000 241,000,000
TOTAL CURRENT ASSETS 4,397,000,000 4,589,000,000
Property, Plant and Equipment    
Generation 26,389,000,000 26,279,000,000
Transmission 9,902,000,000 9,846,000,000
Distribution 15,720,000,000 15,565,000,000
Other Property, Plant and Equipment 3,986,000,000 3,945,000,000
Construction Work in Progress 2,078,000,000 1,819,000,000
Total Property, Plant and Equipment 58,075,000,000 57,454,000,000
Accumulated Depreciation and Amortization 18,945,000,000 18,691,000,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 39,130,000,000 38,763,000,000
Other Noncurrent Assets    
Regulatory Assets 5,087,000,000 5,106,000,000
Securitized Transition Assets 2,065,000,000 2,117,000,000
Spent Nuclear Fuel and Decommissioning Trusts 1,788,000,000 1,706,000,000
Goodwill 91,000,000 91,000,000
Long-term Risk Management Assets 341,000,000 368,000,000
Deferred Charges and Other Noncurrent Assets 1,651,000,000 1,627,000,000
TOTAL OTHER NONCURRENT ASSETS 11,023,000,000 11,015,000,000
TOTAL ASSETS 54,550,000,000 54,367,000,000
Current Liabilities    
Accounts Payable 1,004,000,000 1,169,000,000
Short-term Debt:    
Securitized Debt for Receivable - AEP Credit 646,000,000 [1] 657,000,000 [1]
Other Short-term Debt 661,000,000 324,000,000
Total Short-term Debt 1,307,000,000 981,000,000
Long-term Debt Due Within One Year 1,674,000,000 2,171,000,000
Risk Management Liabilities 94,000,000 155,000,000
Customer Deposits 299,000,000 316,000,000
Accrued Taxes 727,000,000 747,000,000
Accrued Interest 241,000,000 269,000,000
Regulatory Liability for Over-Recovered Fuel Costs 18,000,000 47,000,000
Other Current Liabilities 811,000,000 968,000,000
TOTAL CURRENT LIABILITIES 6,175,000,000 6,823,000,000
Noncurrent Liabilities    
Long-term Debt 15,899,000,000 15,586,000,000
Long-term Risk Management Liabilities 185,000,000 214,000,000
Deferred Income Taxes 9,556,000,000 9,252,000,000
Regulatory Liabilities and Deferred Investment Tax Credits 3,625,000,000 3,544,000,000
Asset Retirement Obligations 1,727,000,000 1,696,000,000
Employee Benefits and Pension Obligations 1,049,000,000 1,075,000,000
Deferred Credits and Other Noncurrent Liabilities 913,000,000 940,000,000
TOTAL NONCURRENT LIABILITIES 32,954,000,000 32,307,000,000
TOTAL LIABILITIES 39,129,000,000 39,130,000,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 3,291,000,000 3,289,000,000
Paid-in Capital 6,066,000,000 6,049,000,000
Retained Earnings 6,370,000,000 6,236,000,000
Accumulated Other Comprehensive Income (Loss) (306,000,000) (337,000,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 15,421,000,000 15,237,000,000
Noncontrolling Interests 0 0
TOTAL EQUITY 15,421,000,000 15,237,000,000
TOTAL LIABILITIES AND EQUITY 54,550,000,000 54,367,000,000
Appalachian Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 1,256,000 3,576,000
Advances to Affiliates 23,203,000 23,024,000
Accounts Receivable:    
Customers 166,609,000 158,380,000
Affiliated Companies 68,145,000 96,213,000
Accrued Unbilled Revenues 80,762,000 70,825,000
Miscellaneous 1,236,000 1,344,000
Allowance for Uncollectible Accounts (3,315,000) (6,087,000)
Total Accounts Receivable 313,437,000 320,675,000
Fuel 192,283,000 185,813,000
Materials and Supplies 107,464,000 105,208,000
Risk Management Assets 23,127,000 30,960,000
Accrued Tax Benefits 27,560,000 50,032,000
Regulatory Asset for Under-Recovered Fuel Costs 67,703,000 74,906,000
Prepayments and Other Current Assets 17,089,000 18,690,000
TOTAL CURRENT ASSETS 773,122,000 812,884,000
Property, Plant and Equipment    
Generation 5,644,518,000 5,632,665,000
Transmission 2,048,965,000 2,042,144,000
Distribution 3,030,491,000 2,991,898,000
Other Property, Plant and Equipment 377,305,000 373,327,000
Construction Work in Progress 271,320,000 266,247,000
Total Property, Plant and Equipment 11,372,599,000 11,306,281,000
Accumulated Depreciation and Amortization 3,246,522,000 3,196,639,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 8,126,077,000 8,109,642,000
Other Noncurrent Assets    
Regulatory Assets 1,372,601,000 1,435,704,000
Long-term Risk Management Assets 24,016,000 34,360,000
Deferred Charges and Other Noncurrent Assets 120,929,000 115,078,000
TOTAL OTHER NONCURRENT ASSETS 1,517,546,000 1,585,142,000
TOTAL ASSETS 10,416,745,000 10,507,668,000
Current Liabilities    
Advances from Affiliates 96,651,000 173,965,000
Accounts Payable 164,028,000 195,203,000
Affiliated Companies 123,971,000 137,088,000
Short-term Debt:    
Long-term Debt Due Within One Year 574,679,000 574,679,000
Risk Management Liabilities 12,048,000 16,698,000
Customer Deposits 66,245,000 67,339,000
Deferred Income Taxes 13,611,000 11,715,000
Accrued Taxes 82,692,000 74,967,000
Accrued Interest 66,901,000 51,442,000
Other Current Liabilities 84,164,000 110,657,000
TOTAL CURRENT LIABILITIES 1,284,990,000 1,413,753,000
Noncurrent Liabilities    
Long-term Debt 3,127,920,000 3,127,763,000
Long-term Risk Management Liabilities 12,764,000 18,476,000
Deferred Income Taxes 1,943,095,000 1,928,683,000
Regulatory Liabilities and Deferred Investment Tax Credits 614,587,000 607,680,000
Employee Benefits and Pension Obligations 203,744,000 204,207,000
Deferred Credits and Other Noncurrent Liabilities 154,919,000 154,544,000
TOTAL NONCURRENT LIABILITIES 6,057,029,000 6,041,353,000
TOTAL LIABILITIES 7,342,019,000 7,455,106,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 260,458,000 260,458,000
Paid-in Capital 1,573,752,000 1,573,752,000
Retained Earnings 1,268,798,000 1,248,250,000
Accumulated Other Comprehensive Income (Loss) (28,282,000) (29,898,000)
TOTAL EQUITY 3,074,726,000 3,052,562,000
TOTAL LIABILITIES AND EQUITY 10,416,745,000 10,507,668,000
Indiana Michigan Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 572,000 1,562,000
Advances to Affiliates 321,985,000 116,977,000
Accounts Receivable:    
Customers 61,032,000 61,776,000
Affiliated Companies 56,574,000 79,886,000
Accrued Unbilled Revenues 20,223,000 11,218,000
Miscellaneous 4,757,000 12,260,000
Allowance for Uncollectible Accounts (206,000) (229,000)
Total Accounts Receivable 142,380,000 164,911,000
Fuel 61,935,000 53,406,000
Materials and Supplies 193,486,000 195,147,000
Risk Management Assets 18,086,000 26,974,000
Accrued Tax Benefits 18,676,000 20,547,000
Deferred Cook Plant Fire Costs 0 80,000,000
Prepayments and Other Current Assets 62,064,000 62,723,000
TOTAL CURRENT ASSETS 819,184,000 722,247,000
Property, Plant and Equipment    
Generation 4,072,402,000 4,062,733,000
Transmission 1,283,763,000 1,278,236,000
Distribution 1,569,475,000 1,553,358,000
Other Property, Plant and Equipment 715,495,000 725,313,000
Construction Work in Progress 375,413,000 341,063,000
Total Property, Plant and Equipment 8,016,548,000 7,960,703,000
Accumulated Depreciation and Amortization 3,244,675,000 3,232,135,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 4,771,873,000 4,728,568,000
Other Noncurrent Assets    
Regulatory Assets 546,013,000 540,019,000
Spent Nuclear Fuel and Decommissioning Trusts 1,787,529,000 1,705,772,000
Long-term Risk Management Assets 16,595,000 23,569,000
Deferred Charges and Other Noncurrent Assets 117,899,000 111,364,000
TOTAL OTHER NONCURRENT ASSETS 2,468,036,000 2,380,724,000
TOTAL ASSETS 8,059,093,000 7,831,539,000
Current Liabilities    
Accounts Payable 126,312,000 208,701,000
Affiliated Companies 52,078,000 104,631,000
Short-term Debt:    
Long-term Debt Due Within One Year 197,066,000 203,953,000
Risk Management Liabilities 8,691,000 31,517,000
Customer Deposits 30,923,000 31,142,000
Accrued Taxes 80,002,000 67,675,000
Accrued Interest 20,175,000 26,859,000
Other Current Liabilities 113,770,000 122,053,000
TOTAL CURRENT LIABILITIES 629,017,000 796,531,000
Noncurrent Liabilities    
Long-term Debt 2,085,514,000 1,853,713,000
Long-term Risk Management Liabilities 9,497,000 13,898,000
Deferred Income Taxes 1,056,567,000 1,019,160,000
Regulatory Liabilities and Deferred Investment Tax Credits 1,023,242,000 948,292,000
Asset Retirement Obligations 1,212,754,000 1,192,313,000
Deferred Credits and Other Noncurrent Liabilities 204,471,000 203,857,000
TOTAL NONCURRENT LIABILITIES 5,592,045,000 5,231,233,000
TOTAL LIABILITIES 6,221,062,000 6,027,764,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 56,584,000 56,584,000
Paid-in Capital 980,896,000 980,896,000
Retained Earnings 826,135,000 795,178,000
Accumulated Other Comprehensive Income (Loss) (25,584,000) (28,883,000)
TOTAL EQUITY 1,838,031,000 1,803,775,000
TOTAL LIABILITIES AND EQUITY 8,059,093,000 7,831,539,000
Ohio Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 1,027,000 3,640,000
Advances to Affiliates 10,342,000 116,422,000
Accounts Receivable:    
Customers 105,256,000 135,954,000
Affiliated Companies 157,242,000 176,590,000
Accrued Unbilled Revenues 55,389,000 57,887,000
Miscellaneous 8,895,000 9,327,000
Allowance for Uncollectible Accounts (3,787,000) (129,000)
Total Accounts Receivable 322,995,000 379,629,000
Fuel 329,858,000 328,840,000
Materials and Supplies 186,639,000 186,269,000
Risk Management Assets 33,481,000 44,313,000
Accrued Tax Benefits 3,070,000 17,785,000
Prepayments and Other Current Assets 26,604,000 26,807,000
TOTAL CURRENT ASSETS 914,016,000 1,103,705,000
Property, Plant and Equipment    
Generation 8,727,339,000 8,673,296,000
Transmission 2,012,175,000 2,013,737,000
Distribution 3,737,356,000 3,722,745,000
Other Property, Plant and Equipment 585,825,000 571,154,000
Construction Work in Progress 348,366,000 354,497,000
Total Property, Plant and Equipment 15,411,061,000 15,335,429,000
Accumulated Depreciation and Amortization 5,311,018,000 5,242,805,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 10,100,043,000 10,092,624,000
Other Noncurrent Assets    
Regulatory Assets 1,462,357,000 1,420,966,000
Long-term Risk Management Assets 33,956,000 48,288,000
Deferred Charges and Other Noncurrent Assets 250,306,000 320,026,000
TOTAL OTHER NONCURRENT ASSETS 1,746,619,000 1,789,280,000
TOTAL ASSETS 12,760,678,000 12,985,609,000
Current Liabilities    
Advances from Affiliates 172,211,000 0
Accounts Payable 275,674,000 276,220,000
Affiliated Companies 102,678,000 153,222,000
Short-term Debt:    
Long-term Debt Due Within One Year 581,000,000 856,000,000
Risk Management Liabilities 17,586,000 24,155,000
Accrued Taxes 361,287,000 467,309,000
Accrued Interest 62,504,000 63,560,000
Other Current Liabilities 231,202,000 263,638,000
TOTAL CURRENT LIABILITIES 1,804,142,000 2,104,104,000
Noncurrent Liabilities    
Long-term Debt 2,579,628,000 2,804,440,000
Long-term Debt - Affiliated 400,000,000 200,000,000
Long-term Risk Management Liabilities 18,048,000 25,965,000
Deferred Income Taxes 2,402,498,000 2,345,850,000
Regulatory Liabilities and Deferred Investment Tax Credits 446,430,000 451,071,000
Deferred Credits and Other Noncurrent Liabilities 525,114,000 528,470,000
TOTAL NONCURRENT LIABILITIES 6,371,718,000 6,355,796,000
TOTAL LIABILITIES 8,175,860,000 8,459,900,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 321,201,000 321,201,000
Paid-in Capital 1,744,099,000 1,744,099,000
Retained Earnings 2,680,908,000 2,626,134,000
Accumulated Other Comprehensive Income (Loss) (161,390,000) (165,725,000)
TOTAL EQUITY 4,584,818,000 4,525,709,000
TOTAL LIABILITIES AND EQUITY 12,760,678,000 12,985,609,000
Public Service Co Of Oklahoma [Member]
   
Current Assets    
Cash and Cash Equivalents 474,000 1,367,000
Advances to Affiliates 0 10,558,000
Accounts Receivable:    
Customers 41,220,000 31,047,000
Affiliated Companies 16,335,000 24,751,000
Miscellaneous 2,594,000 6,216,000
Allowance for Uncollectible Accounts (672,000) (872,000)
Total Accounts Receivable 59,477,000 61,142,000
Fuel 21,597,000 22,085,000
Materials and Supplies 51,327,000 52,183,000
Risk Management Assets 712,000 509,000
Deferred Income Tax Benefits 2,780,000 7,183,000
Accrued Tax Benefits 26,168,000 11,812,000
Regulatory Asset for Under-Recovered Fuel Costs 9,867,000 0
Prepayments and Other Current Assets 5,956,000 7,633,000
TOTAL CURRENT ASSETS 178,358,000 174,472,000
Property, Plant and Equipment    
Generation 1,351,151,000 1,346,530,000
Transmission 717,978,000 706,917,000
Distribution 1,878,736,000 1,859,557,000
Other Property, Plant and Equipment 212,771,000 210,549,000
Construction Work in Progress 99,494,000 95,170,000
Total Property, Plant and Equipment 4,260,130,000 4,218,723,000
Accumulated Depreciation and Amortization 1,292,967,000 1,278,941,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 2,967,163,000 2,939,782,000
Other Noncurrent Assets    
Regulatory Assets 197,064,000 202,328,000
Long-term Risk Management Assets 4,000 31,000
Deferred Charges and Other Noncurrent Assets 37,158,000 8,560,000
TOTAL OTHER NONCURRENT ASSETS 234,226,000 210,919,000
TOTAL ASSETS 3,379,747,000 3,325,173,000
Current Liabilities    
Advances from Affiliates 24,004,000 0
Accounts Payable 73,334,000 87,050,000
Affiliated Companies 38,025,000 36,189,000
Short-term Debt:    
Long-term Debt Due Within One Year 405,000 764,000
Risk Management Liabilities 3,006,000 5,848,000
Customer Deposits 46,703,000 46,533,000
Accrued Taxes 40,037,000 28,024,000
Accrued Interest 15,016,000 12,654,000
Regulatory Liability for Over-Recovered Fuel Costs 0 7,945,000
Other Current Liabilities 60,422,000 50,684,000
TOTAL CURRENT LIABILITIES 300,952,000 275,691,000
Noncurrent Liabilities    
Long-term Debt 949,451,000 949,107,000
Long-term Risk Management Liabilities 0 31,000
Deferred Income Taxes 790,848,000 740,676,000
Regulatory Liabilities and Deferred Investment Tax Credits 350,199,000 344,817,000
Employee Benefits and Pension Obligations 34,517,000 34,906,000
Deferred Credits and Other Noncurrent Liabilities 37,726,000 63,667,000
TOTAL NONCURRENT LIABILITIES 2,162,741,000 2,133,204,000
TOTAL LIABILITIES 2,463,693,000 2,408,895,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 157,230,000 157,230,000
Paid-in Capital 364,037,000 364,037,000
Retained Earnings 388,473,000 388,530,000
Accumulated Other Comprehensive Income (Loss) 6,314,000 6,481,000
TOTAL EQUITY 916,054,000 916,278,000
TOTAL LIABILITIES AND EQUITY 3,379,747,000 3,325,173,000
Southwestern Electric Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 7,143,000 2,036,000
Advances to Affiliates 26,885,000 153,829,000
Accounts Receivable:    
Customers 39,462,000 39,349,000
Affiliated Companies 29,608,000 26,288,000
Miscellaneous 20,753,000 35,514,000
Allowance for Uncollectible Accounts (2,367,000) (2,041,000)
Total Accounts Receivable 87,456,000 99,110,000
Fuel 128,901,000 134,234,000
Materials and Supplies 71,242,000 69,212,000
Risk Management Assets 727,000 695,000
Deferred Income Tax Benefits 102,757,000 101,403,000
Accrued Tax Benefits 19,810,000 9,616,000
Regulatory Asset for Under-Recovered Fuel Costs 8,939,000 8,527,000
Prepayments and Other Current Assets 17,955,000 16,489,000
TOTAL CURRENT ASSETS 471,815,000 595,151,000
Property, Plant and Equipment    
Generation 3,902,714,000 3,888,230,000
Transmission 1,126,710,000 1,115,795,000
Distribution 1,772,135,000 1,758,988,000
Other Property, Plant and Equipment 693,621,000 688,254,000
Construction Work in Progress 130,614,000 99,783,000
Total Property, Plant and Equipment 7,625,794,000 7,551,050,000
Accumulated Depreciation and Amortization 2,317,046,000 2,284,258,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 5,308,748,000 5,266,792,000
Other Noncurrent Assets    
Regulatory Assets 406,339,000 403,278,000
Long-term Risk Management Assets 4,000 0
Deferred Charges and Other Noncurrent Assets 112,871,000 76,432,000
TOTAL OTHER NONCURRENT ASSETS 519,214,000 479,710,000
TOTAL ASSETS 6,299,777,000 6,341,653,000
Current Liabilities    
Accounts Payable 115,135,000 126,768,000
Affiliated Companies 48,095,000 62,835,000
Short-term Debt:    
Other Short-term Debt 0 2,603,000
Long-term Debt Due Within One Year 3,250,000 3,250,000
Risk Management Liabilities 824,000 1,128,000
Customer Deposits 55,191,000 69,393,000
Accrued Taxes 69,720,000 31,532,000
Accrued Interest 18,712,000 43,950,000
Obligations Under Capital Leases 18,066,000 17,599,000
Regulatory Liability for Over-Recovered Fuel Costs 9,684,000 16,761,000
Other Current Liabilities 50,536,000 64,997,000
TOTAL CURRENT LIABILITIES 389,213,000 440,816,000
Noncurrent Liabilities    
Long-term Debt 2,041,442,000 2,042,978,000
Deferred Income Taxes 1,104,268,000 1,075,551,000
Regulatory Liabilities and Deferred Investment Tax Credits 475,456,000 476,471,000
Asset Retirement Obligations 86,213,000 78,017,000
Employee Benefits and Pension Obligations 41,473,000 38,240,000
Obligations Under Capital Leases 111,820,000 114,161,000
Deferred Credits and Other Noncurrent Liabilities 48,552,000 53,946,000
TOTAL NONCURRENT LIABILITIES 3,909,224,000 3,879,364,000
TOTAL LIABILITIES 4,298,437,000 4,320,180,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 135,660,000 135,660,000
Paid-in Capital 674,606,000 674,606,000
Retained Earnings 1,208,014,000 1,228,806,000
Accumulated Other Comprehensive Income (Loss) (17,327,000) (17,860,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 2,000,953,000 2,021,212,000
Noncontrolling Interests 387,000 261,000
TOTAL EQUITY 2,001,340,000 2,021,473,000
TOTAL LIABILITIES AND EQUITY $ 6,299,777,000 $ 6,341,653,000
[1] Amount of securitized debt for receivables as accounted for under the ''Transfers and Servicing'' accounting guidance.