Variable Interest Entities (Tables)

9 Months Ended

Sep. 30, 2015

Consolidated Assets and Liabilities of Variable Interest Entities

AMERICAN ELECTRIC POWER COMPANY, INC. AND SUBSIDIARY COMPANIES

VARIABLE INTEREST ENTITIES

September 30, 2015

(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	$	61	$	104	$	977	$	197		$	20		$	11		$	163	$	12
Net Property, Plant and Equipment	144		193		—		—			—			—			—		184
Other Noncurrent Assets	60		101		1		1,454		(a)	175		(b)	341		(c)	3		5
Total Assets	$	265	$	398	$	978	$	1,651		$	195		$	352		$	166	$	201
LIABILITIES AND EQUITY
Current Liabilities	$	40	$	98	$	875	$	283		$	47		$	25		$	49	$	47
Noncurrent Liabilities	225		300		1		1,350			147			325			76		80
Equity	—		—		102		18			1			2			41		74
Total Liabilities and Equity	$	265	$	398	$	978	$	1,651		$	195		$	352		$	166	$	201

(a) Includes an intercompany item eliminated in consolidation of $70 million.

(b) Includes an intercompany item eliminated in consolidation of $81 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, 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	$	68	$	97	$	980	$	239		$	33		$	18		$	149	$	2
Net Property, Plant and Equipment	145		158		—		—			—			—			—		98
Other Noncurrent Assets	52		80		—		1,654		(a)	210		(b)	358		(c)	2		4
Total Assets	$	265	$	335	$	980	$	1,893		$	243		$	376		$	151	$	104
LIABILITIES AND EQUITY
Current Liabilities	$	36	$	86	$	894	$	322		$	47		$	27		$	44	$	21
Noncurrent Liabilities	228		249		—		1,553			195			347			62		55
Equity	1		—		86		18			1			2			45		28
Total Liabilities and Equity	$	265	$	335	$	980	$	1,893		$	243		$	376		$	151	$	104

(a) Includes an intercompany item eliminated in consolidation of $75 million.

(b) Includes an intercompany item eliminated in consolidation of $97 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 September 30,				Nine Months Ended September 30,
Company	2015		2014		2015		2014
	(in thousands)
APCo	$	63,687	$	50,143	$	164,657	$	154,239
I&M	37,506		30,613		102,141		92,686
OPCo	48,471		41,212		128,608		120,696
PSO	29,851		24,317		77,817		71,646
SWEPCo	39,150		32,787		102,564		98,528

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

Carrying Amount and Classification of Variable Interest in Accounts Payable

	September 30, 2015				December 31, 2014
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	23,783	$	23,783	$	30,692	$	30,692
I&M	13,676		13,676		22,480		22,480
OPCo	18,770		18,770		24,695		24,695
PSO	10,713		10,713		15,338		15,338
SWEPCo	14,295		14,295		20,772		20,772

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

Billings from Significant Variable Interest

	Three Months Ended September 30,				Nine Months Ended September 30,
Company	2015		2014		2015		2014
	(in thousands)
APCo	$	63,687	$	50,143	$	164,657	$	154,239
I&M	37,506		30,613		102,141		92,686
OPCo	48,471		41,212		128,608		120,696
PSO	29,851		24,317		77,817		71,646
SWEPCo	39,150		32,787		102,564		98,528

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

Carrying Amount and Classification of Variable Interest in Accounts Payable

	September 30, 2015				December 31, 2014
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	23,783	$	23,783	$	30,692	$	30,692
I&M	13,676		13,676		22,480		22,480
OPCo	18,770		18,770		24,695		24,695
PSO	10,713		10,713		15,338		15,338
SWEPCo	14,295		14,295		20,772		20,772

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

September 30, 2015 and December 31, 2014

(in thousands)

	DCC Fuel
ASSETS	2015		2014
Current Assets	$	104,273	$	97,361
Net Property, Plant and Equipment	193,447		158,121
Other Noncurrent Assets	99,811		79,705
Total Assets	$	397,531	$	335,187
LIABILITIES AND EQUITY
Current Liabilities	$	98,173	$	86,026
Noncurrent Liabilities	299,358		249,161
Total Liabilities and Equity	$	397,531	$	335,187

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

Billings from Significant Variable Interest

	Three Months Ended September 30,				Nine Months Ended September 30,
Company	2015		2014		2015		2014
	(in thousands)
APCo	$	63,687	$	50,143	$	164,657	$	154,239
I&M	37,506		30,613		102,141		92,686
OPCo	48,471		41,212		128,608		120,696
PSO	29,851		24,317		77,817		71,646
SWEPCo	39,150		32,787		102,564		98,528

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

Carrying Amount and Classification of Variable Interest in Accounts Payable

	September 30, 2015				December 31, 2014
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	23,783	$	23,783	$	30,692	$	30,692
I&M	13,676		13,676		22,480		22,480
OPCo	18,770		18,770		24,695		24,695
PSO	10,713		10,713		15,338		15,338
SWEPCo	14,295		14,295		20,772		20,772

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

September 30, 2015 and December 31, 2014

(in thousands)

	Ohio Phase-In Recovery Funding
ASSETS	2015		2014
Current Assets	$	20,236	$	32,676
Other Noncurrent Assets (a)	175,189		209,922
Total Assets	$	195,425	$	242,598
LIABILITIES AND EQUITY
Current Liabilities	$	46,592	$	47,099
Noncurrent Liabilities	147,496		194,162
Equity	1,337		1,337
Total Liabilities and Equity	$	195,425	$	242,598

(a) Includes an intercompany item eliminated in consolidation as of September 30, 2015 and December 31, 2014 of $81 million and $97 million, respectively.

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

Billings from Significant Variable Interest

	Three Months Ended September 30,				Nine Months Ended September 30,
Company	2015		2014		2015		2014
	(in thousands)
APCo	$	63,687	$	50,143	$	164,657	$	154,239
I&M	37,506		30,613		102,141		92,686
OPCo	48,471		41,212		128,608		120,696
PSO	29,851		24,317		77,817		71,646
SWEPCo	39,150		32,787		102,564		98,528

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

Carrying Amount and Classification of Variable Interest in Accounts Payable

	September 30, 2015				December 31, 2014
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	23,783	$	23,783	$	30,692	$	30,692
I&M	13,676		13,676		22,480		22,480
OPCo	18,770		18,770		24,695		24,695
PSO	10,713		10,713		15,338		15,338
SWEPCo	14,295		14,295		20,772		20,772

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

Billings from Significant Variable Interest

	Three Months Ended September 30,				Nine Months Ended September 30,
Company	2015		2014		2015		2014
	(in thousands)
APCo	$	63,687	$	50,143	$	164,657	$	154,239
I&M	37,506		30,613		102,141		92,686
OPCo	48,471		41,212		128,608		120,696
PSO	29,851		24,317		77,817		71,646
SWEPCo	39,150		32,787		102,564		98,528

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

Carrying Amount and Classification of Variable Interest in Accounts Payable

	September 30, 2015				December 31, 2014
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in thousands)
APCo	$	23,783	$	23,783	$	30,692	$	30,692
I&M	13,676		13,676		22,480		22,480
OPCo	18,770		18,770		24,695		24,695
PSO	10,713		10,713		15,338		15,338
SWEPCo	14,295		14,295		20,772		20,772

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

September 30, 2015 and December 31, 2014

(in thousands)

	Sabine
ASSETS	2015		2014
Current Assets	$	61,025	$	67,981
Net Property, Plant and Equipment	143,815		145,491
Other Noncurrent Assets	60,160		51,578
Total Assets	$	265,000	$	265,050
LIABILITIES AND EQUITY
Current Liabilities	$	40,311	$	36,286
Noncurrent Liabilities	224,371		228,349
Equity	318		415
Total Liabilities and Equity	$	265,000	$	265,050

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

Companys Investment In Joint Venture

	September 30, 2015					December 31, 2014
	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	5,950		5,950			3,819		3,819
SWEPCo's Guarantee of Debt	—		95,180		(a)	—		104,334		(a)
Total Investment in DHLC	$	13,593	$	108,773		$	11,462	$	115,796

(a) Includes affiliate advances due to Parent related to participation in the Utility Money Pool of $40 million and $56 million in 2015 and 2014, respectively.

PATH West Virginia Transmission Co, LLC [Member]

Companys Investment In Joint Venture

	September 30, 2015				December 31, 2014
	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	2		2		2		2
Total Investment in PATH-WV	$	21	$	21	$	21	$	21

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

September 30, 2015 and December 31, 2014

(in thousands)

	Appalachian Consumer Rate Relief Funding
ASSETS	2015		2014
Current Assets	$	10,914	$	18,099
Other Noncurrent Assets (a)	341,127		358,264
Total Assets	$	352,041	$	376,363
LIABILITIES AND EQUITY
Current Liabilities	$	24,617	$	26,809
Noncurrent Liabilities	325,534		347,652
Equity	1,890		1,902
Total Liabilities and Equity	$	352,041	$	376,363

(a) Includes an intercompany item eliminated in consolidation as of September 30, 2015 and December 31, 2014 of $4 million and $4 million, respectively.