

	Vertically Integrated Utilities			Transmission and Distribution Utilities		AEP Transmission Holdco		Generation & Marketing			AEP River Operations			Corporate and Other (a)			Reconciling Adjustments				Consolidated
	(in millions)
Three Months Ended September 30, 2015
Revenues from:
External Customers	$	2,436		$	1,164	$	27	$	802		$	—		$	3		$	—		(c)	$	4,432
Other Operating Segments	35			25		61		33			—			21			(175		)		—
Total Revenues	$	2,471		$	1,189	$	88	$	835		$	—		$	24		$	(175	)		$	4,432

Income (Loss) from Continuing Operations	$	275		$	113	$	46	$	91		$	(4	)	$	(9	)	$	—			$	512
Income from Discontinued Operations, Net of Tax	—			—		—		—			8			—			—				8
Net Income (Loss)	$	275		$	113	$	46	$	91		$	4		$	(9	)	$	—			$	520

	Vertically Integrated Utilities			Transmission and Distribution Utilities		AEP Transmission Holdco		Generation & Marketing			AEP River Operations			Corporate and Other (a)			Reconciling Adjustments				Consolidated
	(in millions)
Three Months Ended September 30, 2014
Revenues from:
External Customers	$	2,432	(b)	$	1,163	$	21	$	538	(b)	$	—		$	7		$	—		(c)	$	4,161
Other Operating Segments	18		(b)	68		34		363		(b)	—			19			(502		)		—
Total Revenues	$	2,450		$	1,231	$	55	$	901		$	—		$	26		$	(502	)		$	4,161

Income from Continuing Operations	$	220		$	92	$	43	$	117		$	—		$	11		$	—			$	483
Income from Discontinued Operations, Net of Tax	—			—		—		—			11			—			—				11
Net Income	$	220		$	92	$	43	$	117		$	11		$	11		$	—			$	494



	Vertically Integrated Utilities			Transmission and Distribution Utilities		AEP Transmission Holdco		Generation & Marketing			AEP River Operations			Corporate and Other (a)			Reconciling Adjustments				Consolidated
	(in millions)
Nine Months Ended September 30, 2015
Revenues from:
External Customers	$	7,082		$	3,378	$	74	$	2,289		$	—		$	16		$	—		(c)	$	12,839
Other Operating Segments	77			142		171		517			—			58			(965		)		—
Total Revenues	$	7,159		$	3,520	$	245	$	2,806		$	—		$	74		$	(965	)		$	12,839

Income (Loss) from Continuing Operations	$	783		$	288	$	148	$	360		$	(2	)	$	(13	)	$	—			$	1,564
Income from Discontinued Operations, Net of Tax	—			—		—		—			18			—			—				18
Net Income (Loss)	$	783		$	288	$	148	$	360		$	16		$	(13	)	$	—			$	1,582

	Vertically Integrated Utilities			Transmission and Distribution Utilities		AEP Transmission Holdco		Generation & Marketing			AEP River Operations			Corporate and Other (a)			Reconciling Adjustments				Consolidated
	(in millions)
Nine Months Ended September 30, 2014
Revenues from:
External Customers	$	7,217	(b)	$	3,388	$	54	$	1,932	(b)	$	—		$	19		$	(51	)	(c)	$	12,559
Other Operating Segments	71		(b)	192		86		1,133		(b)	—			55			(1,537		)		—
Total Revenues	$	7,288		$	3,580	$	140	$	3,065		$	—		$	74		$	(1,588	)		$	12,559

Income from Continuing Operations	$	654		$	279	$	114	$	378		$	1		$	4		$	—			$	1,430
Income from Discontinued Operations, Net of Tax	—			—		—		—			16			—			—				16
Net Income	$	654		$	279	$	114	$	378		$	17		$	4		$	—			$	1,446



	Vertically Integrated Utilities		Transmission and Distribution Utilities		AEP Transmission Holdco		Generation & Marketing		AEP River Operations			Corporate and Other (a)		Reconciling Adjustments				Consolidated
	(in millions)
September 30, 2015
Total Property, Plant and Equipment	$	39,981	$	13,707	$	3,594	$	7,474	$	—		$	349	$	(279	)	(d)	$	64,826
Accumulated Depreciation and Amortization	12,483		3,603		43		3,390		—			178		(109		)	(d)	19,588
Total Property, Plant and Equipment - Net	$	27,498	$	10,104	$	3,551	$	4,084	$	—		$	171	$	(170	)	(d)	$	45,238

Assets Held for Sale	$	—	$	—	$	—	$	—	$	608		$	—	$	—			$	608
Total Assets	35,272		14,441		4,362		5,531		772		(f)	21,810		(21,089		)	(d) (e)	61,099

Long-term Debt Due Within One Year:
Affiliated	$	—	$	—	$	—	$	—	$	—		$	—	$	—			$	—
Nonaffiliated	949		724		—		151		—			2		—				1,826

Long-term Debt:
Affiliated	20		—		—		32		—			—		(52		)		—
Nonaffiliated	9,900		4,888		1,323		641		—			848		—				17,600

Total Long-term Debt	$	10,869	$	5,612	$	1,323	$	824	$	—		$	850	$	(52	)		$	19,426

Liabilities Held for Sale	$	—	$	—	$	—	$	—	$	474		$	—	$	—			$	474	(g)



	Vertically Integrated Utilities		Transmission and Distribution Utilities		AEP Transmission Holdco		Generation & Marketing		AEP River Operations			Corporate and Other (a)		Reconciling Adjustments				Consolidated
	(in millions)
December 31, 2014
Total Property, Plant and Equipment	$	39,402	$	13,024	$	2,714	$	8,394	$	—		$	343	$	(271	)	(d)	$	63,606
Accumulated Depreciation and Amortization	12,773		3,481		25		3,603		—			188		(99		)	(d)	19,971
Total Property, Plant and Equipment - Net	$	26,629	$	9,543	$	2,689	$	4,791	$	—		$	155	$	(172	)	(d)	$	43,635

Assets Held for Sale	$	—	$	—	$	—	$	—	$	625		$	—	$	—			$	625
Total Assets	33,750		14,495		3,575		6,329		749		(f)	21,081		(20,346		)	(d) (e)	59,633

Long-term Debt Due Within One Year:
Affiliated	$	111	$	—	$	—	$	86	$	—		$	—	$	(197	)		$	—
Nonaffiliated	1,352		405		—		740		—			3		—				2,500

Long-term Debt:
Affiliated	20		—		—		32		—			—		(52		)		—
Nonaffiliated	8,634		5,256		1,153		217		—			841		—				16,101

Total Long-term Debt	$	10,117	$	5,661	$	1,153	$	1,075	$	—		$	844	$	(249	)		$	18,601

Liabilities Held for Sale	$	—	$	—	$	—	$	—	$	435		$	—	$	—			$	435	(g)


(a)	Corporate and Other primarily includes the purchasing of receivables from certain AEP utility subsidiaries. This segment also includes Parent's guarantee revenue received from affiliates, investment income, interest income and interest expense and other nonallocated costs.


(b)	Includes the impact of corporate separation of OPCo's generation assets and liabilities that took effect December 31, 2013, as well as the impact of the termination of the Interconnection Agreement effective January 1, 2014.


(c)	Reconciling Adjustments for External Customers primarily include eliminations as a result of corporate separation in Ohio.


(d)	Includes eliminations due to an intercompany capital lease.


(e)	Reconciling Adjustments for Total Assets primarily include the elimination of intercompany advances to affiliates and intercompany accounts receivable along with the elimination of AEP's investments in subsidiary companies.


(f)	Amounts include intercompany advances to affiliates and intercompany accounts receivable that will be settled prior to or upon the close of the sale of AEPRO.


(g)	Amounts include debt related to AEPRO. See "AEPRO (AEP River Operations Segment)" section of Note 6 for additional information.