Variable Interest Entities (Tables)

6 Months Ended

Jun. 30, 2014

Consolidated Assets and Liabilities of Variable Interest Entities

AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES

VARIABLE INTEREST ENTITIES

June 30, 2014

(in millions)

	SWEPCo Sabine		I&M DCC Fuel		AEP Credit		TCC Transition Funding			OPCo Ohio Phase-in- Recovery Funding			APCo Appalachian Consumer Rate Relief Funding			Protected Cell of EIS		Transource Energy
ASSETS
Current Assets	$	59	$	88	$	1,048	$	218		$	48		$	23		$	152	$	3
Net Property, Plant and
Equipment	153		97		—		—			—			—			—		73
Other Noncurrent Assets	51		35		1		1,805		(a)	232		(b)	369		(c)	3		4
Total Assets	$	263	$	220	$	1,049	$	2,023		$	280		$	392		$	155	$	80
LIABILITIES AND EQUITY
Current Liabilities	$	29	$	84	$	948	$	320		$	61		$	30		$	41	$	14
Noncurrent Liabilities	234		136		—		1,685			218			360			73		39
Equity	—		—		101		18			1			2			41		27
Total Liabilities and Equity	$	263	$	220	$	1,049	$	2,023		$	280		$	392		$	155	$	80

(a) Includes an intercompany item eliminated in consolidation of $79 million.

(b) Includes an intercompany item eliminated in consolidation of $108 million.

(c) Includes an intercompany item eliminated in consolidation of $4 million.

AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES

VARIABLE INTEREST ENTITIES

December 31, 2013

(in millions)

	SWEPCo Sabine		I&M DCC Fuel		AEP Credit		TCC Transition Funding			OPCo Ohio Phase-in- Recovery Funding			APCo Appalachian Consumer Rate Relief Funding			Protected Cell of EIS
ASSETS
Current Assets	$	67	$	118	$	935	$	232		$	23		$	6		$	143
Net Property, Plant and Equipment	157		157		—		—			—			—			—
Other Noncurrent Assets	51		60		1		1,918		(a)	252		(b)	378		(c)	3
Total Assets	$	275	$	335	$	936	$	2,150		$	275		$	384		$	146
LIABILITIES AND EQUITY
Current Liabilities	$	33	$	108	$	827	$	312		$	37		$	14		$	39
Noncurrent Liabilities	242		227		1		1,820			237			368			66
Equity	—		—		108		18			1			2			41
Total Liabilities and Equity	$	275	$	335	$	936	$	2,150		$	275		$	384		$	146

(a) Includes an intercompany item eliminated in consolidation of $82 million.

(b) Includes an intercompany item eliminated in consolidation of $116 million.

(c) Includes an intercompany item eliminated in consolidation of $4 million.

Appalachian Power Co [Member] | Billings from American Electric Power Service Corporation [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
APCo	$	53,959	$	41,496	$	104,096	$	80,537
I&M	30,103		28,706		62,073		56,204
OPCo	40,441		57,351		79,490		111,420
PSO	22,889		19,807		47,329		37,969
SWEPCo	32,718		29,595		65,741		57,075

Appalachian Power Co [Member] | Carrying Amount in AEPSC's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	18,626	$	18,626	$	20,191	$	20,191
I&M	10,361		10,361		12,864		12,864
OPCo	14,116		14,116		31,425		31,425
PSO	7,845		7,845		10,596		10,596
SWEPCo	9,758		9,758		13,520		13,520

Indiana Michigan Power Co [Member] | Billings from AEP Generating Co [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
I&M	$	65,190	$	53,191	$	135,612	$	111,726
OPCo	—		31,910		—		70,621

Indiana Michigan Power Co [Member] | Billings from American Electric Power Service Corporation [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
APCo	$	53,959	$	41,496	$	104,096	$	80,537
I&M	30,103		28,706		62,073		56,204
OPCo	40,441		57,351		79,490		111,420
PSO	22,889		19,807		47,329		37,969
SWEPCo	32,718		29,595		65,741		57,075

Indiana Michigan Power Co [Member] | Carrying Amount in AEGCo's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
I&M	$	23,801	$	23,801	$	23,916	$	23,916
OPCo	—		—		12,810		12,810

Indiana Michigan Power Co [Member] | Carrying Amount in AEPSC's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	18,626	$	18,626	$	20,191	$	20,191
I&M	10,361		10,361		12,864		12,864
OPCo	14,116		14,116		31,425		31,425
PSO	7,845		7,845		10,596		10,596
SWEPCo	9,758		9,758		13,520		13,520

Indiana Michigan Power Co [Member] | DCC Fuel [Member]

Consolidated Assets and Liabilities of Variable Interest Entities

INDIANA MICHIGAN POWER COMPANY AND SUBSIDIARIES

VARIABLE INTEREST ENTITIES

June 30, 2014 and December 31, 2013

(in thousands)

	DCC Fuel
ASSETS	2014		2013
Current Assets	$	88,084	$	117,762
Net Property, Plant and Equipment	96,821		156,820
Other Noncurrent Assets	34,856		60,450
Total Assets	$	219,761	$	335,032
LIABILITIES AND EQUITY
Current Liabilities	$	84,086	$	107,815
Noncurrent Liabilities	135,675		227,217
Total Liabilities and Equity	$	219,761	$	335,032

Ohio Power Co [Member] | Billings from AEP Generating Co [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
I&M	$	65,190	$	53,191	$	135,612	$	111,726
OPCo	—		31,910		—		70,621

Ohio Power Co [Member] | Billings from American Electric Power Service Corporation [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
APCo	$	53,959	$	41,496	$	104,096	$	80,537
I&M	30,103		28,706		62,073		56,204
OPCo	40,441		57,351		79,490		111,420
PSO	22,889		19,807		47,329		37,969
SWEPCo	32,718		29,595		65,741		57,075

Ohio Power Co [Member] | Carrying Amount in AEGCo's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
I&M	$	23,801	$	23,801	$	23,916	$	23,916
OPCo	—		—		12,810		12,810

Ohio Power Co [Member] | Carrying Amount in AEPSC's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	18,626	$	18,626	$	20,191	$	20,191
I&M	10,361		10,361		12,864		12,864
OPCo	14,116		14,116		31,425		31,425
PSO	7,845		7,845		10,596		10,596
SWEPCo	9,758		9,758		13,520		13,520

Ohio Power Co [Member] | Ohio Phase-In-Recovery Funding [Member]

Consolidated Assets and Liabilities of Variable Interest Entities

OHIO POWER COMPANY AND SUBSIDIARIES

VARIABLE INTEREST ENTITIES

June 30, 2014 and December 31, 2013

(in thousands)

	Ohio Phase-In Recovery Funding
ASSETS	2014		2013
Current Assets	$	47,511	$	23,198
Other Noncurrent Assets (a)	232,219		251,409
Total Assets	$	279,730	$	274,607
LIABILITIES AND EQUITY
Current Liabilities	$	60,510	$	36,470
Noncurrent Liabilities	217,883		236,800
Equity	1,337		1,337
Total Liabilities and Equity	$	279,730	$	274,607

(a) Includes an intercompany item eliminated in consolidation as of June 30, 2014 and December 31, 2013 of $108 million and $116 million, respectively.

Public Service Co Of Oklahoma [Member] | Billings from American Electric Power Service Corporation [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
APCo	$	53,959	$	41,496	$	104,096	$	80,537
I&M	30,103		28,706		62,073		56,204
OPCo	40,441		57,351		79,490		111,420
PSO	22,889		19,807		47,329		37,969
SWEPCo	32,718		29,595		65,741		57,075

Public Service Co Of Oklahoma [Member] | Carrying Amount in AEPSC's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	18,626	$	18,626	$	20,191	$	20,191
I&M	10,361		10,361		12,864		12,864
OPCo	14,116		14,116		31,425		31,425
PSO	7,845		7,845		10,596		10,596
SWEPCo	9,758		9,758		13,520		13,520

Southwestern Electric Power Co [Member] | Billings from American Electric Power Service Corporation [Member]

Billings from Significant Variable Interest

	Three Months Ended June 30,				Six Months Ended June 30,
Company	2014		2013		2014		2013
	(in thousands)
APCo	$	53,959	$	41,496	$	104,096	$	80,537
I&M	30,103		28,706		62,073		56,204
OPCo	40,441		57,351		79,490		111,420
PSO	22,889		19,807		47,329		37,969
SWEPCo	32,718		29,595		65,741		57,075

Southwestern Electric Power Co [Member] | Carrying Amount in AEPSC's Accounts Payable [Member]

Carrying Amount and Classification of Variable Interest in Accounts Payable

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	18,626	$	18,626	$	20,191	$	20,191
I&M	10,361		10,361		12,864		12,864
OPCo	14,116		14,116		31,425		31,425
PSO	7,845		7,845		10,596		10,596
SWEPCo	9,758		9,758		13,520		13,520

Southwestern Electric Power Co [Member] | Sabine Mining Co [Member]

Consolidated Assets and Liabilities of Variable Interest Entities

SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED

VARIABLE INTEREST ENTITIES

June 30, 2014 and December 31, 2013

(in thousands)

	Sabine
ASSETS	2014		2013
Current Assets	$	59,604	$	66,478
Net Property, Plant and Equipment	152,818		157,274
Other Noncurrent Assets	50,619		51,211
Total Assets	$	263,041	$	274,963
LIABILITIES AND EQUITY
Current Liabilities	$	28,892	$	32,812
Noncurrent Liabilities	233,752		241,673
Equity	397		478
Total Liabilities and Equity	$	263,041	$	274,963

Southwestern Electric Power Co [Member] | Dolet Hills Lignite Co, LLC [Member]

Companys Investment In Joint Venture

	June 30, 2014				December 31, 2013
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
Capital Contribution from SWEPCo	$	7,643	$	7,643	$	7,643	$	7,643
Retained Earnings	2,326		2,326		1,600		1,600
SWEPCo's Guarantee of Debt	—		115,829		—		61,348
Total Investment in DHLC	$	9,969	$	125,798	$	9,243	$	70,591

PATH West Virginia Transmission Co, LLC [Member]

Companys Investment In Joint Venture

	June 30, 2014				December 31, 2013
	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
Capital Contribution from AEP	$	19	$	19	$	19	$	19
Retained Earnings	6		6		6		6
Total Investment in PATH-WV	$	25	$	25	$	25	$	25

Appalachian Consumer Rate Relief Funding [Member] | Appalachian Power Co [Member]

Consolidated Assets and Liabilities of Variable Interest Entities

APPALACHIAN POWER COMPANY AND SUBSIDIARIES

VARIABLE INTEREST ENTITIES

June 30, 2014 and December 31, 2013

(in thousands)

	Appalachian Consumer Rate Relief Funding
ASSETS	2014		2013
Current Assets	$	23,121	$	5,891
Other Noncurrent Assets (a)	369,014		378,029
Total Assets	$	392,135	$	383,920
LIABILITIES AND EQUITY
Current Liabilities	$	30,327	$	14,000
Noncurrent Liabilities	359,907		368,018
Equity	1,901		1,902
Total Liabilities and Equity	$	392,135	$	383,920

(a) Includes an intercompany item eliminated in consolidation as of June 30, 2014 and December 31, 2013 of $4 million and $4 million, respectively.