Unaudited Quarterly Financial Information
|
12 Months Ended |
Dec. 31, 2014
|
Quarterly Financial Information [Text Block] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION
In our opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of our results of operations for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. Our unaudited quarterly financial information is as follows: | | | | | | | | | | | | | | | | | | | 2014 Quarterly Periods Ended | | March 31 | | June 30 | | September 30 | | December 31 | | | (in millions – except per share amounts) | Total Revenues | $ | 4,648 |
| | $ | 4,044 |
| | $ | 4,302 |
| | $ | 4,026 |
| | Operating Income | 1,041 |
| | 767 |
| | 925 |
| | 499 |
| (a) | Net Income | 561 |
| | 391 |
| | 494 |
| | 192 |
| (a) | | | | | | | | | | Earnings Attributable to AEP Common Shareholders | 560 |
| | 390 |
| | 493 |
| | 191 |
| | | | | | | | | | | Total Basic Earnings per Share Attributable to AEP Common Shareholders (b) | 1.15 |
| | 0.80 |
| | 1.01 |
| | 0.39 |
| | | | | | | | | | | Total Diluted Earnings per Share Attributable to AEP Common Shareholders (b) | 1.15 |
| | 0.80 |
| | 1.01 |
| | 0.39 |
| |
| | | | | | | | | | | | | | | | | | | 2013 Quarterly Periods Ended | | March 31 | | June 30 | | September 30 | | December 31 | | | (in millions – except per share amounts) | Total Revenues | $ | 3,826 |
| | $ | 3,582 |
| | $ | 4,176 |
| | $ | 3,773 |
| | Operating Income | 755 |
| | 547 |
| (c) | 875 |
| (e) | 678 |
| (f)(g) | Net Income | 364 |
| | 339 |
| (c)(d) | 434 |
| (e) | 347 |
| (f)(g) | | | | | | | | | | Earnings Attributable to AEP Common Shareholders | 363 |
| | 338 |
| (c)(d) | 433 |
| (e) | 346 |
| (f)(g) | | | | | | | | | | Total Basic Earnings per Share Attributable to AEP Common Shareholders (b) | 0.75 |
| | 0.69 |
| | 0.89 |
| | 0.71 |
| | | | | | | | | | | Total Diluted Earnings per Share Attributable to AEP Common Shareholders (b) | 0.75 |
| | 0.69 |
| | 0.89 |
| | 0.71 |
| |
| | (a) | Includes termination of a coal contract and a KPCo regulatory disallowance (see Note 4). |
| | (b) | Quarterly Earnings per Share amounts are intended to be stand-alone calculations and are not always additive to full-year amount due to rounding. |
| | (c) | Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7). |
| | (d) | Includes U.K. Windfall Tax benefit (see Note 12). |
| | (e) | Includes regulatory disallowances for the Turk Plant (see Note 4) and for Big Sandy Plant, Unit 2 (see Note 7). |
| | (f) | Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7). |
| | (g) | Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4). |
|
Appalachian Power Co [Member] |
|
Quarterly Financial Information [Text Block] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION
In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. The unaudited quarterly financial information for each Registrant Subsidiary is as follows: | | | | | | | | | | | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo (a) | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 913,391 |
| | $ | 641,854 |
| | $ | 880,192 |
| | $ | 301,385 |
| | $ | 440,590 |
| | Operating Income | | 220,010 |
| | 146,024 |
| | 115,719 |
| | 25,326 |
| | 64,726 |
| | Net Income | | 101,851 |
| | 87,089 |
| | 60,774 |
| | 8,448 |
| | 22,962 |
| | | | | | | | | | | | | | June 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 694,668 |
| | $ | 533,876 |
| | $ | 786,161 |
| | $ | 318,815 |
| | $ | 449,283 |
| | Operating Income | | 110,677 |
| | 57,133 |
| | 114,021 |
| | 48,878 |
| | 78,787 |
| | Net Income | | 36,247 |
| | 27,334 |
| | 56,535 |
| | 22,449 |
| | 32,823 |
| | | | | | | | | | | | | | September 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 709,884 |
| | $ | 542,863 |
| | $ | 839,197 |
| | $ | 416,991 |
| | $ | 531,771 |
| | Operating Income | | 130,236 |
| | 62,851 |
| | 104,679 |
| | 87,414 |
| | 133,131 |
| | Net Income | | 48,758 |
| | 26,626 |
| | 54,060 |
| | 45,086 |
| | 74,547 |
| | | | | | | | | | | | | | December 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 735,135 |
| | $ | 531,141 |
| | $ | 871,370 |
| | $ | 314,385 |
| | $ | 424,753 |
| | Operating Income | | 107,263 |
| | 39,234 |
| | 99,086 |
| | 27,214 |
| | 45,998 |
| | Net Income | | 28,559 |
| | 14,598 |
| | 45,053 |
| | 10,946 |
| | 14,227 |
| | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 951,494 |
| | $ | 583,393 |
| | $ | 1,233,790 |
| | $ | 262,289 |
| | $ | 394,317 |
| | Operating Income | | 164,560 |
| | 81,230 |
| | 244,813 |
| | 33,552 |
| | 50,639 |
| | Net Income | | 70,548 |
| | 43,457 |
| | 129,774 |
| | 13,693 |
| | 11,548 |
| | | | | | | | | | | | | | June 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 746,504 |
| | $ | 549,501 |
| | $ | 1,102,994 |
| | $ | 324,687 |
| | $ | 420,173 |
| | Operating Income | | 92,072 |
| | 77,533 |
| | 73,072 |
| (b) | 58,471 |
| | 77,032 |
| | Net Income | | 29,862 |
| | 40,754 |
| | 21,056 |
| (b) | 28,432 |
| | 30,227 |
| | | | | | | | | | | | | | September 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 849,733 |
| | $ | 638,865 |
| | $ | 1,279,176 |
| | $ | 411,083 |
| | $ | 552,933 |
| | Operating Income | | 147,692 |
| | 102,364 |
| | 312,795 |
| | 95,832 |
| | 52,359 |
| (c) | Net Income | | 62,625 |
| | 57,880 |
| | 178,901 |
| | 51,096 |
| | 7,920 |
| (c) | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 869,675 |
| | $ | 595,100 |
| | $ | 1,146,655 |
| | $ | 297,463 |
| | $ | 428,380 |
| | Operating Income | | 101,954 |
| (d) | 60,734 |
| | 162,418 |
| | 23,380 |
| | 163,813 |
| (e) | Net Income | | 30,176 |
| (d) | 35,413 |
| | 80,249 |
| | 4,575 |
| | 104,124 |
| (e) |
| | (a) | Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power |
to customers. | | (b) | Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7). |
| | (c) | Includes a regulatory disallowance for the Turk Plant (see Note 4). |
| | (d) | Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7). |
| | (e) | Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4). |
|
Indiana Michigan Power Co [Member] |
|
Quarterly Financial Information [Text Block] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION
In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. The unaudited quarterly financial information for each Registrant Subsidiary is as follows: | | | | | | | | | | | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo (a) | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 913,391 |
| | $ | 641,854 |
| | $ | 880,192 |
| | $ | 301,385 |
| | $ | 440,590 |
| | Operating Income | | 220,010 |
| | 146,024 |
| | 115,719 |
| | 25,326 |
| | 64,726 |
| | Net Income | | 101,851 |
| | 87,089 |
| | 60,774 |
| | 8,448 |
| | 22,962 |
| | | | | | | | | | | | | | June 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 694,668 |
| | $ | 533,876 |
| | $ | 786,161 |
| | $ | 318,815 |
| | $ | 449,283 |
| | Operating Income | | 110,677 |
| | 57,133 |
| | 114,021 |
| | 48,878 |
| | 78,787 |
| | Net Income | | 36,247 |
| | 27,334 |
| | 56,535 |
| | 22,449 |
| | 32,823 |
| | | | | | | | | | | | | | September 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 709,884 |
| | $ | 542,863 |
| | $ | 839,197 |
| | $ | 416,991 |
| | $ | 531,771 |
| | Operating Income | | 130,236 |
| | 62,851 |
| | 104,679 |
| | 87,414 |
| | 133,131 |
| | Net Income | | 48,758 |
| | 26,626 |
| | 54,060 |
| | 45,086 |
| | 74,547 |
| | | | | | | | | | | | | | December 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 735,135 |
| | $ | 531,141 |
| | $ | 871,370 |
| | $ | 314,385 |
| | $ | 424,753 |
| | Operating Income | | 107,263 |
| | 39,234 |
| | 99,086 |
| | 27,214 |
| | 45,998 |
| | Net Income | | 28,559 |
| | 14,598 |
| | 45,053 |
| | 10,946 |
| | 14,227 |
| | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 951,494 |
| | $ | 583,393 |
| | $ | 1,233,790 |
| | $ | 262,289 |
| | $ | 394,317 |
| | Operating Income | | 164,560 |
| | 81,230 |
| | 244,813 |
| | 33,552 |
| | 50,639 |
| | Net Income | | 70,548 |
| | 43,457 |
| | 129,774 |
| | 13,693 |
| | 11,548 |
| | | | | | | | | | | | | | June 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 746,504 |
| | $ | 549,501 |
| | $ | 1,102,994 |
| | $ | 324,687 |
| | $ | 420,173 |
| | Operating Income | | 92,072 |
| | 77,533 |
| | 73,072 |
| (b) | 58,471 |
| | 77,032 |
| | Net Income | | 29,862 |
| | 40,754 |
| | 21,056 |
| (b) | 28,432 |
| | 30,227 |
| | | | | | | | | | | | | | September 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 849,733 |
| | $ | 638,865 |
| | $ | 1,279,176 |
| | $ | 411,083 |
| | $ | 552,933 |
| | Operating Income | | 147,692 |
| | 102,364 |
| | 312,795 |
| | 95,832 |
| | 52,359 |
| (c) | Net Income | | 62,625 |
| | 57,880 |
| | 178,901 |
| | 51,096 |
| | 7,920 |
| (c) | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 869,675 |
| | $ | 595,100 |
| | $ | 1,146,655 |
| | $ | 297,463 |
| | $ | 428,380 |
| | Operating Income | | 101,954 |
| (d) | 60,734 |
| | 162,418 |
| | 23,380 |
| | 163,813 |
| (e) | Net Income | | 30,176 |
| (d) | 35,413 |
| | 80,249 |
| | 4,575 |
| | 104,124 |
| (e) |
| | (a) | Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power |
to customers. | | (b) | Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7). |
| | (c) | Includes a regulatory disallowance for the Turk Plant (see Note 4). |
| | (d) | Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7). |
| | (e) | Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4). |
|
Ohio Power Co [Member] |
|
Quarterly Financial Information [Text Block] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION
In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. The unaudited quarterly financial information for each Registrant Subsidiary is as follows: | | | | | | | | | | | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo (a) | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 913,391 |
| | $ | 641,854 |
| | $ | 880,192 |
| | $ | 301,385 |
| | $ | 440,590 |
| | Operating Income | | 220,010 |
| | 146,024 |
| | 115,719 |
| | 25,326 |
| | 64,726 |
| | Net Income | | 101,851 |
| | 87,089 |
| | 60,774 |
| | 8,448 |
| | 22,962 |
| | | | | | | | | | | | | | June 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 694,668 |
| | $ | 533,876 |
| | $ | 786,161 |
| | $ | 318,815 |
| | $ | 449,283 |
| | Operating Income | | 110,677 |
| | 57,133 |
| | 114,021 |
| | 48,878 |
| | 78,787 |
| | Net Income | | 36,247 |
| | 27,334 |
| | 56,535 |
| | 22,449 |
| | 32,823 |
| | | | | | | | | | | | | | September 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 709,884 |
| | $ | 542,863 |
| | $ | 839,197 |
| | $ | 416,991 |
| | $ | 531,771 |
| | Operating Income | | 130,236 |
| | 62,851 |
| | 104,679 |
| | 87,414 |
| | 133,131 |
| | Net Income | | 48,758 |
| | 26,626 |
| | 54,060 |
| | 45,086 |
| | 74,547 |
| | | | | | | | | | | | | | December 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 735,135 |
| | $ | 531,141 |
| | $ | 871,370 |
| | $ | 314,385 |
| | $ | 424,753 |
| | Operating Income | | 107,263 |
| | 39,234 |
| | 99,086 |
| | 27,214 |
| | 45,998 |
| | Net Income | | 28,559 |
| | 14,598 |
| | 45,053 |
| | 10,946 |
| | 14,227 |
| | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 951,494 |
| | $ | 583,393 |
| | $ | 1,233,790 |
| | $ | 262,289 |
| | $ | 394,317 |
| | Operating Income | | 164,560 |
| | 81,230 |
| | 244,813 |
| | 33,552 |
| | 50,639 |
| | Net Income | | 70,548 |
| | 43,457 |
| | 129,774 |
| | 13,693 |
| | 11,548 |
| | | | | | | | | | | | | | June 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 746,504 |
| | $ | 549,501 |
| | $ | 1,102,994 |
| | $ | 324,687 |
| | $ | 420,173 |
| | Operating Income | | 92,072 |
| | 77,533 |
| | 73,072 |
| (b) | 58,471 |
| | 77,032 |
| | Net Income | | 29,862 |
| | 40,754 |
| | 21,056 |
| (b) | 28,432 |
| | 30,227 |
| | | | | | | | | | | | | | September 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 849,733 |
| | $ | 638,865 |
| | $ | 1,279,176 |
| | $ | 411,083 |
| | $ | 552,933 |
| | Operating Income | | 147,692 |
| | 102,364 |
| | 312,795 |
| | 95,832 |
| | 52,359 |
| (c) | Net Income | | 62,625 |
| | 57,880 |
| | 178,901 |
| | 51,096 |
| | 7,920 |
| (c) | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 869,675 |
| | $ | 595,100 |
| | $ | 1,146,655 |
| | $ | 297,463 |
| | $ | 428,380 |
| | Operating Income | | 101,954 |
| (d) | 60,734 |
| | 162,418 |
| | 23,380 |
| | 163,813 |
| (e) | Net Income | | 30,176 |
| (d) | 35,413 |
| | 80,249 |
| | 4,575 |
| | 104,124 |
| (e) |
| | (a) | Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power |
to customers. | | (b) | Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7). |
| | (c) | Includes a regulatory disallowance for the Turk Plant (see Note 4). |
| | (d) | Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7). |
| | (e) | Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4). |
|
Public Service Co Of Oklahoma [Member] |
|
Quarterly Financial Information [Text Block] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION
In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. The unaudited quarterly financial information for each Registrant Subsidiary is as follows: | | | | | | | | | | | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo (a) | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 913,391 |
| | $ | 641,854 |
| | $ | 880,192 |
| | $ | 301,385 |
| | $ | 440,590 |
| | Operating Income | | 220,010 |
| | 146,024 |
| | 115,719 |
| | 25,326 |
| | 64,726 |
| | Net Income | | 101,851 |
| | 87,089 |
| | 60,774 |
| | 8,448 |
| | 22,962 |
| | | | | | | | | | | | | | June 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 694,668 |
| | $ | 533,876 |
| | $ | 786,161 |
| | $ | 318,815 |
| | $ | 449,283 |
| | Operating Income | | 110,677 |
| | 57,133 |
| | 114,021 |
| | 48,878 |
| | 78,787 |
| | Net Income | | 36,247 |
| | 27,334 |
| | 56,535 |
| | 22,449 |
| | 32,823 |
| | | | | | | | | | | | | | September 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 709,884 |
| | $ | 542,863 |
| | $ | 839,197 |
| | $ | 416,991 |
| | $ | 531,771 |
| | Operating Income | | 130,236 |
| | 62,851 |
| | 104,679 |
| | 87,414 |
| | 133,131 |
| | Net Income | | 48,758 |
| | 26,626 |
| | 54,060 |
| | 45,086 |
| | 74,547 |
| | | | | | | | | | | | | | December 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 735,135 |
| | $ | 531,141 |
| | $ | 871,370 |
| | $ | 314,385 |
| | $ | 424,753 |
| | Operating Income | | 107,263 |
| | 39,234 |
| | 99,086 |
| | 27,214 |
| | 45,998 |
| | Net Income | | 28,559 |
| | 14,598 |
| | 45,053 |
| | 10,946 |
| | 14,227 |
| | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 951,494 |
| | $ | 583,393 |
| | $ | 1,233,790 |
| | $ | 262,289 |
| | $ | 394,317 |
| | Operating Income | | 164,560 |
| | 81,230 |
| | 244,813 |
| | 33,552 |
| | 50,639 |
| | Net Income | | 70,548 |
| | 43,457 |
| | 129,774 |
| | 13,693 |
| | 11,548 |
| | | | | | | | | | | | | | June 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 746,504 |
| | $ | 549,501 |
| | $ | 1,102,994 |
| | $ | 324,687 |
| | $ | 420,173 |
| | Operating Income | | 92,072 |
| | 77,533 |
| | 73,072 |
| (b) | 58,471 |
| | 77,032 |
| | Net Income | | 29,862 |
| | 40,754 |
| | 21,056 |
| (b) | 28,432 |
| | 30,227 |
| | | | | | | | | | | | | | September 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 849,733 |
| | $ | 638,865 |
| | $ | 1,279,176 |
| | $ | 411,083 |
| | $ | 552,933 |
| | Operating Income | | 147,692 |
| | 102,364 |
| | 312,795 |
| | 95,832 |
| | 52,359 |
| (c) | Net Income | | 62,625 |
| | 57,880 |
| | 178,901 |
| | 51,096 |
| | 7,920 |
| (c) | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 869,675 |
| | $ | 595,100 |
| | $ | 1,146,655 |
| | $ | 297,463 |
| | $ | 428,380 |
| | Operating Income | | 101,954 |
| (d) | 60,734 |
| | 162,418 |
| | 23,380 |
| | 163,813 |
| (e) | Net Income | | 30,176 |
| (d) | 35,413 |
| | 80,249 |
| | 4,575 |
| | 104,124 |
| (e) |
| | (a) | Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power |
to customers. | | (b) | Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7). |
| | (c) | Includes a regulatory disallowance for the Turk Plant (see Note 4). |
| | (d) | Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7). |
| | (e) | Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4). |
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Southwestern Electric Power Co [Member] |
|
Quarterly Financial Information [Text Block] |
UNAUDITED QUARTERLY FINANCIAL INFORMATION
In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods. Quarterly results are not necessarily indicative of a full year’s operations because of various factors. The unaudited quarterly financial information for each Registrant Subsidiary is as follows: | | | | | | | | | | | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo (a) | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 913,391 |
| | $ | 641,854 |
| | $ | 880,192 |
| | $ | 301,385 |
| | $ | 440,590 |
| | Operating Income | | 220,010 |
| | 146,024 |
| | 115,719 |
| | 25,326 |
| | 64,726 |
| | Net Income | | 101,851 |
| | 87,089 |
| | 60,774 |
| | 8,448 |
| | 22,962 |
| | | | | | | | | | | | | | June 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 694,668 |
| | $ | 533,876 |
| | $ | 786,161 |
| | $ | 318,815 |
| | $ | 449,283 |
| | Operating Income | | 110,677 |
| | 57,133 |
| | 114,021 |
| | 48,878 |
| | 78,787 |
| | Net Income | | 36,247 |
| | 27,334 |
| | 56,535 |
| | 22,449 |
| | 32,823 |
| | | | | | | | | | | | | | September 30, 2014 | | | | | | | | | | | | Total Revenues | | $ | 709,884 |
| | $ | 542,863 |
| | $ | 839,197 |
| | $ | 416,991 |
| | $ | 531,771 |
| | Operating Income | | 130,236 |
| | 62,851 |
| | 104,679 |
| | 87,414 |
| | 133,131 |
| | Net Income | | 48,758 |
| | 26,626 |
| | 54,060 |
| | 45,086 |
| | 74,547 |
| | | | | | | | | | | | | | December 31, 2014 | | | | | | | | | | | | Total Revenues | | $ | 735,135 |
| | $ | 531,141 |
| | $ | 871,370 |
| | $ | 314,385 |
| | $ | 424,753 |
| | Operating Income | | 107,263 |
| | 39,234 |
| | 99,086 |
| | 27,214 |
| | 45,998 |
| | Net Income | | 28,559 |
| | 14,598 |
| | 45,053 |
| | 10,946 |
| | 14,227 |
| | | | | | | | | | | | | | Quarterly Periods Ended: | | APCo | | I&M | | OPCo | | PSO | | SWEPCo | | | | (in thousands) | | March 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 951,494 |
| | $ | 583,393 |
| | $ | 1,233,790 |
| | $ | 262,289 |
| | $ | 394,317 |
| | Operating Income | | 164,560 |
| | 81,230 |
| | 244,813 |
| | 33,552 |
| | 50,639 |
| | Net Income | | 70,548 |
| | 43,457 |
| | 129,774 |
| | 13,693 |
| | 11,548 |
| | | | | | | | | | | | | | June 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 746,504 |
| | $ | 549,501 |
| | $ | 1,102,994 |
| | $ | 324,687 |
| | $ | 420,173 |
| | Operating Income | | 92,072 |
| | 77,533 |
| | 73,072 |
| (b) | 58,471 |
| | 77,032 |
| | Net Income | | 29,862 |
| | 40,754 |
| | 21,056 |
| (b) | 28,432 |
| | 30,227 |
| | | | | | | | | | | | | | September 30, 2013 | | | | | | | | | | | | Total Revenues | | $ | 849,733 |
| | $ | 638,865 |
| | $ | 1,279,176 |
| | $ | 411,083 |
| | $ | 552,933 |
| | Operating Income | | 147,692 |
| | 102,364 |
| | 312,795 |
| | 95,832 |
| | 52,359 |
| (c) | Net Income | | 62,625 |
| | 57,880 |
| | 178,901 |
| | 51,096 |
| | 7,920 |
| (c) | | | | | | | | | | | | | December 31, 2013 | | | | | | | | | | | | Total Revenues | | $ | 869,675 |
| | $ | 595,100 |
| | $ | 1,146,655 |
| | $ | 297,463 |
| | $ | 428,380 |
| | Operating Income | | 101,954 |
| (d) | 60,734 |
| | 162,418 |
| | 23,380 |
| | 163,813 |
| (e) | Net Income | | 30,176 |
| (d) | 35,413 |
| | 80,249 |
| | 4,575 |
| | 104,124 |
| (e) |
| | (a) | Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power |
to customers. | | (b) | Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7). |
| | (c) | Includes a regulatory disallowance for the Turk Plant (see Note 4). |
| | (d) | Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7). |
| | (e) | Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4). |
|