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Financing Activities (Tables)
 9 Months Ended
Sep. 30, 2017
Long-term Debt
Type of Debt
 
September 30, 2017
 
December 31, 2016
 
 
 
(in millions)
 
Senior Unsecured Notes
 
$
16,038.6

 
$
14,761.0

(b)
Pollution Control Bonds
 
1,612.4

 
1,725.1

 
Notes Payable
 
224.5

 
326.9

 
Securitization Bonds
 
1,449.4

 
1,705.0

 
Spent Nuclear Fuel Obligation (a)
 
267.9

 
266.3

 
Other Long-term Debt
 
1,128.9

 
1,606.9

 
Total Long-term Debt Outstanding
 
20,721.7

 
20,391.2

(b)
Long-term Debt Due Within One Year
 
2,359.3

 
3,013.4

(b)
Long-term Debt
 
$
18,362.4

 
$
17,377.8

(b)


(a)
Pursuant to the Nuclear Waste Policy Act of 1982, I&M, a nuclear licensee, has an obligation to the United States Department of Energy for spent nuclear fuel disposal.  The obligation includes a one-time fee for nuclear fuel consumed prior to April 7, 1983.  Trust fund assets related to this obligation were $311 million and $311 million as of September 30, 2017 and December 31, 2016, respectively, and are included in Spent Nuclear Fuel and Decommissioning Trusts on the balance sheets.
(b)
Amounts include debt related to the Lawrenceburg Plant that has been classified as Liabilities Held for Sale on the balance sheet. See “Gavin, Waterford, Darby and Lawrenceburg Plants (Generation & Marketing Segment)” section of Note 6 for additional information.
Long-term Debt Issuances
Company
 
Type of Debt
 
Principal Amount (a)
 
Interest Rate
 
Due Date
Issuances:
 
 
 
(in millions)
 
(%)
 
 
AEPTCo
 
Senior Unsecured Notes
 
$
125.0

 
3.10
 
2026
AEPTCo
 
Senior Unsecured Notes
 
500.0

 
3.75
 
2047
APCo
 
Senior Unsecured Notes
 
325.0

 
3.30
 
2027
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2019
I&M
 
Pollution Control Bonds
 
40.0

 
2.05
 
2021
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2021
I&M
 
Senior Unsecured Notes
 
300.0

 
3.75
 
2047
SWEPCo
 
Other Long-term Debt
 
115.0

 
Variable
 
2020
 
 
 
 


 

 

Non-Registrant:
 
 
 


 

 

AEP Texas
 
Pollution Control Bonds
 
60.0

 
1.75
 
2020
AEP Texas
 
Senior Unsecured Notes
 
400.0

 
2.40
 
2022
AEP Texas
 
Senior Unsecured Notes
 
300.0

 
3.80
 
2047
KPCo
 
Pollution Control Bonds
 
65.0

 
2.00
 
2020
KPCo
 
Senior Unsecured Notes
 
65.0

 
3.13
 
2024
KPCo
 
Senior Unsecured Notes
 
40.0

 
3.35
 
2027
KPCo
 
Senior Unsecured Notes
 
165.0

 
3.45
 
2029
KPCo
 
Senior Unsecured Notes
 
55.0

 
4.12
 
2047
Transource Missouri
 
Other Long-term Debt
 
7.0

 
Variable
 
2018
Transource Energy
 
Other Long-term Debt
 
132.1

 
Variable
 
2020
Total Issuances
 
 
 
$
2,771.1

 

 


(a)
Amounts indicated on the statements of cash flows are net of issuance costs and premium or discount and will not tie to the issuance amounts.
Retirements and Principal Payments
Company
 
Type of Debt
 
 Principal Amount Paid
 
Interest Rate
 
Due Date
Retirements and Principal Payments:
 
 
 
(in millions)
 
(%)
 
 
APCo
 
Senior Unsecured Notes
 
$
250.0

 
5.00
 
2017
APCo
 
Securitization Bonds
 
23.5

 
2.008
 
2024
APCo
 
Pollution Control Bonds
 
104.4

 
Variable
 
2017
I&M
 
Notes Payable
 
4.9

 
Variable
 
2017
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2017
I&M
 
Notes Payable
 
22.3

 
Variable
 
2019
I&M
 
Notes Payable
 
23.6

 
Variable
 
2019
I&M
 
Notes Payable
 
23.9

 
Variable
 
2020
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2017
I&M
 
Notes Payable
 
24.3

 
Variable
 
2021
I&M
 
Other Long-term Debt
 
1.1

 
6.00
 
2025
I&M
 
Pollution Control Bonds
 
50.0

 
Variable
 
2025
OPCo
 
Securitization Bonds
 
16.2

 
0.958
 
2017
OPCo
 
Securitization Bonds
 
22.5

 
0.958
 
2018
OPCo
 
Securitization Bonds
 
7.6

 
2.049
 
2019
OPCo
 
Other Long-term Debt
 
0.1

 
1.149
 
2028
PSO
 
Other Long-term Debt
 
0.3

 
3.00
 
2027
SWEPCo
 
Senior Unsecured Notes
 
250.0

 
5.55
 
2017
SWEPCo
 
Other Long-term Debt
 
100.0

 
Variable
 
2017
SWEPCo
 
Other Long-term Debt
 
0.2

 
3.50
 
2023
SWEPCo
 
Other Long-term Debt
 
0.1

 
4.28
 
2023
SWEPCo
 
Notes Payable
 
3.3

 
4.58
 
2032
 
 
 
 
 
 
 
 
 
Non-Registrant:
 
 
 
 
 
 
 
 
AEGCo
 
Senior Unsecured Notes
 
152.7

 
6.33
 
2037
AGR
 
Other Long-term Debt
 
500.0

 
Variable
 
2017
KPCo
 
Pollution Control Bonds
 
65.0

 
Variable
 
2017
KPCo
 
Senior Unsecured Notes
 
325.0

 
6.00
 
2017
TCC
 
Securitization Bonds
 
27.2

 
0.88
 
2017
TCC
 
Securitization Bonds
 
161.2

 
5.17
 
2018
TCC
 
Pollution Control Bonds
 
60.0

 
5.20
 
2030
Transource Missouri
 
Other Long-term Debt
 
130.8

 
Variable
 
2018
Total Retirements and Principal Payments
 
 
 
$
2,427.2

 
 
 
 
Short Term Debt
 
 
 
 
September 30, 2017
 
December 31, 2016
Company
 
Type of Debt
 
Outstanding
Amount
 
Interest
Rate (a)
 
Outstanding
Amount
 
Interest
Rate (a)
 
 
 
 
(in millions)
 
 
 
(in millions)
 
 
AEP
 
Securitized Debt for Receivables (b)
 
$
750.0

 
1.17
%
 
$
673.0

 
0.70
%
AEP
 
Commercial Paper
 
295.0

 
1.39
%
 
1,040.0

 
1.02
%
SWEPCo
 
Notes Payable
 
14.3

 
2.88
%
 
—

 
—
%
 
 
Total Short-term Debt
 
$
1,059.3

 
 

 
$
1,713.0

 
 


(a)
Weighted average rate.
(b)
Amount of securitized debt for receivables as accounted for under the “Transfers and Servicing” accounting guidance.
Comparative Accounts Receivable Information
 
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
 
2017
 
2016
 
2017
 
2016
 
 
(dollars in millions)
Effective Interest Rates on Securitization of Accounts Receivable
 
1.33
%
 
0.73
%
 
1.17
%
 
0.65
%
Net Uncollectible Accounts Receivable Written Off
 
$
7.0

 
$
7.7

 
$
18.2

 
$
17.5
Customer Accounts Receivable Managed Portfolio
 
 
September 30, 2017
 
December 31, 2016
 
 
(in millions)
Accounts Receivable Retained Interest and Pledged as Collateral Less Uncollectible Accounts
 
$
939.8

 
$
945.0

Short-term – Securitized Debt of Receivables
 
750.0

 
673.0

Delinquent Securitized Accounts Receivable
 
44.3

 
42.7

Bad Debt Reserves Related to Securitization
 
27.8

 
27.7

Unbilled Receivables Related to Securitization
 
264.2

 
322.1
AEP Transmission Co [Member]  
Long-term Debt Issuances
Company
 
Type of Debt
 
Principal Amount (a)
 
Interest Rate
 
Due Date
Issuances:
 
 
 
(in millions)
 
(%)
 
 
AEPTCo
 
Senior Unsecured Notes
 
$
125.0

 
3.10
 
2026
AEPTCo
 
Senior Unsecured Notes
 
500.0

 
3.75
 
2047
APCo
 
Senior Unsecured Notes
 
325.0

 
3.30
 
2027
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2019
I&M
 
Pollution Control Bonds
 
40.0

 
2.05
 
2021
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2021
I&M
 
Senior Unsecured Notes
 
300.0

 
3.75
 
2047
SWEPCo
 
Other Long-term Debt
 
115.0

 
Variable
 
2020
 
 
 
 


 

 

Non-Registrant:
 
 
 


 

 

AEP Texas
 
Pollution Control Bonds
 
60.0

 
1.75
 
2020
AEP Texas
 
Senior Unsecured Notes
 
400.0

 
2.40
 
2022
AEP Texas
 
Senior Unsecured Notes
 
300.0

 
3.80
 
2047
KPCo
 
Pollution Control Bonds
 
65.0

 
2.00
 
2020
KPCo
 
Senior Unsecured Notes
 
65.0

 
3.13
 
2024
KPCo
 
Senior Unsecured Notes
 
40.0

 
3.35
 
2027
KPCo
 
Senior Unsecured Notes
 
165.0

 
3.45
 
2029
KPCo
 
Senior Unsecured Notes
 
55.0

 
4.12
 
2047
Transource Missouri
 
Other Long-term Debt
 
7.0

 
Variable
 
2018
Transource Energy
 
Other Long-term Debt
 
132.1

 
Variable
 
2020
Total Issuances
 
 
 
$
2,771.1

 

 


(a)
Amounts indicated on the statements of cash flows are net of issuance costs and premium or discount and will not tie to the issuance amounts.
Utility Money Pool Participants' Money Pool Activity and Authorized Borrowing Limits
 
 
Maximum
 
 
 
Average
 
 
 
Net Loans to
 
 
 
 
 
Borrowings
 
Maximum
 
Borrowings
 
Average
 
(Borrowings from)
 
Authorized
 
 
 
from the
 
Loans to the
 
from the
 
Loans to the
 
the Utility Money
 
Short-term
 
 
 
Utility
 
Utility
 
Utility
 
Utility
 
Pool as of
 
Borrowing
 
Company
 
Money Pool
 
Money Pool
 
Money Pool
 
Money Pool
 
September 30, 2017
 
Limit
 
 
 
(in millions)
 
AEPTCo
 
$
467.2

 
$
194.8

 
$
235.7

 
$
19.3

 
$
162.9

 
$
795.0

(a)
APCo
 
231.5

 
160.7

 
152.2

 
32.2

 
(45.9
)
 
600.0

 
I&M
 
367.4

 
12.6

 
205.7

 
12.6

 
(164.9
)
 
500.0

 
OPCo
 
280.6

 
56.2

 
141.0

 
27.9

 
(167.6
)
 
400.0

 
PSO
 
185.2

 
—

 
121.3

 
—

 
(118.0
)
 
300.0

 
SWEPCo
 
187.5

 
178.6

 
109.6

 
169.5

 
(48.3
)
 
350.0

 


(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Direct Borrowing Activity
Maximum
 
Maximum
 
Average
 
Average
 
Borrowings from
 
Loans to
 
Authorized
 
Borrowings
 
Loans
 
Borrowings
 
Loans
 
AEP as of
 
AEP as of
 
Short-term
 
from AEP
 
to AEP
 
from AEP
 
to AEP
 
September 30, 2017
 
September 30, 2017
 
Borrowing Limit
 
(in millions)
 
$
1.1

 
$
151.9

 
$
1.1

 
$
38.9

 
$
0.9

 
$
96.1

 
$
75.0

(a)

(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Maximum and Minimum Interest Rates for Funds Either Borrowed from or Loaned to Utility Money Pool
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Maximum Interest Rate
 
1.49
%
 
0.91
%
Minimum Interest Rate
 
0.92
%
 
0.69
%
Average Interest Rates for Funds Borrowed from and Loaned to Utility Money Pool
 
 
Average Interest Rate
 
Average Interest Rate
 
 
for Funds Borrowed
 
for Funds Loaned
 
 
from the Utility Money Pool for
 
to the Utility Money Pool for
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
AEPTCo
 
1.36
%
 
0.82
%
 
1.04
%
 
0.74
%
APCo
 
1.24
%
 
0.78
%
 
1.28
%
 
0.79
%
I&M
 
1.24
%
 
0.73
%
 
1.27
%
 
0.78
%
OPCo
 
1.40
%
 
0.85
%
 
0.98
%
 
0.74
%
PSO
 
1.30
%
 
0.76
%
 
—
%
 
0.81
%
SWEPCo
 
1.26
%
 
0.79
%
 
0.98
%
 
0.91
%
Maximum Minimum and Average Interest Rates for Funds Borrowed from and Loaned to AEP
 
 
Maximum
 
Minimum
 
Maximum
 
Minimum
 
Average
 
Average
 
 
Interest Rate
 
Interest Rate
 
Interest Rate
 
Interest Rate
 
Interest Rate
 
Interest Rate
Nine Months
 
for Funds
 
for Funds
 
for Funds
 
for Funds
 
for Funds
 
for Funds
Ended
 
Borrowed
 
Borrowed
 
Loaned
 
Loaned
 
Borrowed
 
Loaned
September 30,
 
from AEP
 
from AEP
to AEP
 
to AEP
 
from AEP
 
to AEP
2017
 
1.49
%
 
0.92
%
 
1.49
%
 
0.92
%
 
1.27
%
 
1.31
%
2016
 
0.91
%
 
0.69
%
 
0.91
%
 
0.69
%
 
0.80
%
 
0.81
%
Appalachian Power Co [Member]  
Long-term Debt Issuances
Company
 
Type of Debt
 
Principal Amount (a)
 
Interest Rate
 
Due Date
Issuances:
 
 
 
(in millions)
 
(%)
 
 
AEPTCo
 
Senior Unsecured Notes
 
$
125.0

 
3.10
 
2026
AEPTCo
 
Senior Unsecured Notes
 
500.0

 
3.75
 
2047
APCo
 
Senior Unsecured Notes
 
325.0

 
3.30
 
2027
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2019
I&M
 
Pollution Control Bonds
 
40.0

 
2.05
 
2021
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2021
I&M
 
Senior Unsecured Notes
 
300.0

 
3.75
 
2047
SWEPCo
 
Other Long-term Debt
 
115.0

 
Variable
 
2020
 
 
 
 


 

 

Non-Registrant:
 
 
 


 

 

AEP Texas
 
Pollution Control Bonds
 
60.0

 
1.75
 
2020
AEP Texas
 
Senior Unsecured Notes
 
400.0

 
2.40
 
2022
AEP Texas
 
Senior Unsecured Notes
 
300.0

 
3.80
 
2047
KPCo
 
Pollution Control Bonds
 
65.0

 
2.00
 
2020
KPCo
 
Senior Unsecured Notes
 
65.0

 
3.13
 
2024
KPCo
 
Senior Unsecured Notes
 
40.0

 
3.35
 
2027
KPCo
 
Senior Unsecured Notes
 
165.0

 
3.45
 
2029
KPCo
 
Senior Unsecured Notes
 
55.0

 
4.12
 
2047
Transource Missouri
 
Other Long-term Debt
 
7.0

 
Variable
 
2018
Transource Energy
 
Other Long-term Debt
 
132.1

 
Variable
 
2020
Total Issuances
 
 
 
$
2,771.1

 

 


(a)
Amounts indicated on the statements of cash flows are net of issuance costs and premium or discount and will not tie to the issuance amounts.
Retirements and Principal Payments
Company
 
Type of Debt
 
 Principal Amount Paid
 
Interest Rate
 
Due Date
Retirements and Principal Payments:
 
 
 
(in millions)
 
(%)
 
 
APCo
 
Senior Unsecured Notes
 
$
250.0

 
5.00
 
2017
APCo
 
Securitization Bonds
 
23.5

 
2.008
 
2024
APCo
 
Pollution Control Bonds
 
104.4

 
Variable
 
2017
I&M
 
Notes Payable
 
4.9

 
Variable
 
2017
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2017
I&M
 
Notes Payable
 
22.3

 
Variable
 
2019
I&M
 
Notes Payable
 
23.6

 
Variable
 
2019
I&M
 
Notes Payable
 
23.9

 
Variable
 
2020
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2017
I&M
 
Notes Payable
 
24.3

 
Variable
 
2021
I&M
 
Other Long-term Debt
 
1.1

 
6.00
 
2025
I&M
 
Pollution Control Bonds
 
50.0

 
Variable
 
2025
OPCo
 
Securitization Bonds
 
16.2

 
0.958
 
2017
OPCo
 
Securitization Bonds
 
22.5

 
0.958
 
2018
OPCo
 
Securitization Bonds
 
7.6

 
2.049
 
2019
OPCo
 
Other Long-term Debt
 
0.1

 
1.149
 
2028
PSO
 
Other Long-term Debt
 
0.3

 
3.00
 
2027
SWEPCo
 
Senior Unsecured Notes
 
250.0

 
5.55
 
2017
SWEPCo
 
Other Long-term Debt
 
100.0

 
Variable
 
2017
SWEPCo
 
Other Long-term Debt
 
0.2

 
3.50
 
2023
SWEPCo
 
Other Long-term Debt
 
0.1

 
4.28
 
2023
SWEPCo
 
Notes Payable
 
3.3

 
4.58
 
2032
 
 
 
 
 
 
 
 
 
Non-Registrant:
 
 
 
 
 
 
 
 
AEGCo
 
Senior Unsecured Notes
 
152.7

 
6.33
 
2037
AGR
 
Other Long-term Debt
 
500.0

 
Variable
 
2017
KPCo
 
Pollution Control Bonds
 
65.0

 
Variable
 
2017
KPCo
 
Senior Unsecured Notes
 
325.0

 
6.00
 
2017
TCC
 
Securitization Bonds
 
27.2

 
0.88
 
2017
TCC
 
Securitization Bonds
 
161.2

 
5.17
 
2018
TCC
 
Pollution Control Bonds
 
60.0

 
5.20
 
2030
Transource Missouri
 
Other Long-term Debt
 
130.8

 
Variable
 
2018
Total Retirements and Principal Payments
 
 
 
$
2,427.2

 
 
 
 
Utility Money Pool Participants' Money Pool Activity and Authorized Borrowing Limits
 
 
Maximum
 
 
 
Average
 
 
 
Net Loans to
 
 
 
 
 
Borrowings
 
Maximum
 
Borrowings
 
Average
 
(Borrowings from)
 
Authorized
 
 
 
from the
 
Loans to the
 
from the
 
Loans to the
 
the Utility Money
 
Short-term
 
 
 
Utility
 
Utility
 
Utility
 
Utility
 
Pool as of
 
Borrowing
 
Company
 
Money Pool
 
Money Pool
 
Money Pool
 
Money Pool
 
September 30, 2017
 
Limit
 
 
 
(in millions)
 
AEPTCo
 
$
467.2

 
$
194.8

 
$
235.7

 
$
19.3

 
$
162.9

 
$
795.0

(a)
APCo
 
231.5

 
160.7

 
152.2

 
32.2

 
(45.9
)
 
600.0

 
I&M
 
367.4

 
12.6

 
205.7

 
12.6

 
(164.9
)
 
500.0

 
OPCo
 
280.6

 
56.2

 
141.0

 
27.9

 
(167.6
)
 
400.0

 
PSO
 
185.2

 
—

 
121.3

 
—

 
(118.0
)
 
300.0

 
SWEPCo
 
187.5

 
178.6

 
109.6

 
169.5

 
(48.3
)
 
350.0

 


(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Maximum and Minimum Interest Rates for Funds Either Borrowed from or Loaned to Utility Money Pool
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Maximum Interest Rate
 
1.49
%
 
0.91
%
Minimum Interest Rate
 
0.92
%
 
0.69
%
Average Interest Rates for Funds Borrowed from and Loaned to Utility Money Pool
 
 
Average Interest Rate
 
Average Interest Rate
 
 
for Funds Borrowed
 
for Funds Loaned
 
 
from the Utility Money Pool for
 
to the Utility Money Pool for
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
AEPTCo
 
1.36
%
 
0.82
%
 
1.04
%
 
0.74
%
APCo
 
1.24
%
 
0.78
%
 
1.28
%
 
0.79
%
I&M
 
1.24
%
 
0.73
%
 
1.27
%
 
0.78
%
OPCo
 
1.40
%
 
0.85
%
 
0.98
%
 
0.74
%
PSO
 
1.30
%
 
0.76
%
 
—
%
 
0.81
%
SWEPCo
 
1.26
%
 
0.79
%
 
0.98
%
 
0.91
%
Accounts Receivable and Accrued Unbilled Revenues
Company
 
September 30, 2017
 
December 31, 2016
 
 
(in millions)
APCo
 
$
116.9

 
$
142.0

I&M
 
132.7

 
136.7

OPCo
 
356.3

 
388.3

PSO
 
143.4

 
110.4

SWEPCo
 
167.1

 
130.9
Fees Paid to AEP Credit for Customer Accounts Receivable Sold
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
1.5

 
$
1.6

 
$
4.2

 
$
5.4

I&M
 
1.8

 
2.0

 
4.9

 
5.6

OPCo
 
6.1

 
8.1

 
16.5

 
23.4

PSO
 
2.0

 
1.8

 
5.2

 
4.7

SWEPCo
 
2.0

 
2.1

 
5.4

 
5.3
Proceeds on Sale of Receivables to AEP Credit
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
335.5

 
$
361.7

 
$
1,029.4

 
$
1,071.6

I&M
 
409.9

 
448.0

 
1,218.9

 
1,220.2

OPCo
 
616.3

 
750.9

 
1,741.7

 
2,011.2

PSO
 
407.0

 
390.6

 
1,022.6

 
971.9

SWEPCo
 
455.0

 
460.4

 
1,200.8

 
1,183.9
Indiana Michigan Power Co [Member]  
Long-term Debt Issuances
Company
 
Type of Debt
 
Principal Amount (a)
 
Interest Rate
 
Due Date
Issuances:
 
 
 
(in millions)
 
(%)
 
 
AEPTCo
 
Senior Unsecured Notes
 
$
125.0

 
3.10
 
2026
AEPTCo
 
Senior Unsecured Notes
 
500.0

 
3.75
 
2047
APCo
 
Senior Unsecured Notes
 
325.0

 
3.30
 
2027
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2019
I&M
 
Pollution Control Bonds
 
40.0

 
2.05
 
2021
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2021
I&M
 
Senior Unsecured Notes
 
300.0

 
3.75
 
2047
SWEPCo
 
Other Long-term Debt
 
115.0

 
Variable
 
2020
 
 
 
 


 

 

Non-Registrant:
 
 
 


 

 

AEP Texas
 
Pollution Control Bonds
 
60.0

 
1.75
 
2020
AEP Texas
 
Senior Unsecured Notes
 
400.0

 
2.40
 
2022
AEP Texas
 
Senior Unsecured Notes
 
300.0

 
3.80
 
2047
KPCo
 
Pollution Control Bonds
 
65.0

 
2.00
 
2020
KPCo
 
Senior Unsecured Notes
 
65.0

 
3.13
 
2024
KPCo
 
Senior Unsecured Notes
 
40.0

 
3.35
 
2027
KPCo
 
Senior Unsecured Notes
 
165.0

 
3.45
 
2029
KPCo
 
Senior Unsecured Notes
 
55.0

 
4.12
 
2047
Transource Missouri
 
Other Long-term Debt
 
7.0

 
Variable
 
2018
Transource Energy
 
Other Long-term Debt
 
132.1

 
Variable
 
2020
Total Issuances
 
 
 
$
2,771.1

 

 


(a)
Amounts indicated on the statements of cash flows are net of issuance costs and premium or discount and will not tie to the issuance amounts.
Retirements and Principal Payments
Company
 
Type of Debt
 
 Principal Amount Paid
 
Interest Rate
 
Due Date
Retirements and Principal Payments:
 
 
 
(in millions)
 
(%)
 
 
APCo
 
Senior Unsecured Notes
 
$
250.0

 
5.00
 
2017
APCo
 
Securitization Bonds
 
23.5

 
2.008
 
2024
APCo
 
Pollution Control Bonds
 
104.4

 
Variable
 
2017
I&M
 
Notes Payable
 
4.9

 
Variable
 
2017
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2017
I&M
 
Notes Payable
 
22.3

 
Variable
 
2019
I&M
 
Notes Payable
 
23.6

 
Variable
 
2019
I&M
 
Notes Payable
 
23.9

 
Variable
 
2020
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2017
I&M
 
Notes Payable
 
24.3

 
Variable
 
2021
I&M
 
Other Long-term Debt
 
1.1

 
6.00
 
2025
I&M
 
Pollution Control Bonds
 
50.0

 
Variable
 
2025
OPCo
 
Securitization Bonds
 
16.2

 
0.958
 
2017
OPCo
 
Securitization Bonds
 
22.5

 
0.958
 
2018
OPCo
 
Securitization Bonds
 
7.6

 
2.049
 
2019
OPCo
 
Other Long-term Debt
 
0.1

 
1.149
 
2028
PSO
 
Other Long-term Debt
 
0.3

 
3.00
 
2027
SWEPCo
 
Senior Unsecured Notes
 
250.0

 
5.55
 
2017
SWEPCo
 
Other Long-term Debt
 
100.0

 
Variable
 
2017
SWEPCo
 
Other Long-term Debt
 
0.2

 
3.50
 
2023
SWEPCo
 
Other Long-term Debt
 
0.1

 
4.28
 
2023
SWEPCo
 
Notes Payable
 
3.3

 
4.58
 
2032
 
 
 
 
 
 
 
 
 
Non-Registrant:
 
 
 
 
 
 
 
 
AEGCo
 
Senior Unsecured Notes
 
152.7

 
6.33
 
2037
AGR
 
Other Long-term Debt
 
500.0

 
Variable
 
2017
KPCo
 
Pollution Control Bonds
 
65.0

 
Variable
 
2017
KPCo
 
Senior Unsecured Notes
 
325.0

 
6.00
 
2017
TCC
 
Securitization Bonds
 
27.2

 
0.88
 
2017
TCC
 
Securitization Bonds
 
161.2

 
5.17
 
2018
TCC
 
Pollution Control Bonds
 
60.0

 
5.20
 
2030
Transource Missouri
 
Other Long-term Debt
 
130.8

 
Variable
 
2018
Total Retirements and Principal Payments
 
 
 
$
2,427.2

 
 
 
 
Utility Money Pool Participants' Money Pool Activity and Authorized Borrowing Limits
 
 
Maximum
 
 
 
Average
 
 
 
Net Loans to
 
 
 
 
 
Borrowings
 
Maximum
 
Borrowings
 
Average
 
(Borrowings from)
 
Authorized
 
 
 
from the
 
Loans to the
 
from the
 
Loans to the
 
the Utility Money
 
Short-term
 
 
 
Utility
 
Utility
 
Utility
 
Utility
 
Pool as of
 
Borrowing
 
Company
 
Money Pool
 
Money Pool
 
Money Pool
 
Money Pool
 
September 30, 2017
 
Limit
 
 
 
(in millions)
 
AEPTCo
 
$
467.2

 
$
194.8

 
$
235.7

 
$
19.3

 
$
162.9

 
$
795.0

(a)
APCo
 
231.5

 
160.7

 
152.2

 
32.2

 
(45.9
)
 
600.0

 
I&M
 
367.4

 
12.6

 
205.7

 
12.6

 
(164.9
)
 
500.0

 
OPCo
 
280.6

 
56.2

 
141.0

 
27.9

 
(167.6
)
 
400.0

 
PSO
 
185.2

 
—

 
121.3

 
—

 
(118.0
)
 
300.0

 
SWEPCo
 
187.5

 
178.6

 
109.6

 
169.5

 
(48.3
)
 
350.0

 


(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Maximum and Minimum Interest Rates for Funds Either Borrowed from or Loaned to Utility Money Pool
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Maximum Interest Rate
 
1.49
%
 
0.91
%
Minimum Interest Rate
 
0.92
%
 
0.69
%
Average Interest Rates for Funds Borrowed from and Loaned to Utility Money Pool
 
 
Average Interest Rate
 
Average Interest Rate
 
 
for Funds Borrowed
 
for Funds Loaned
 
 
from the Utility Money Pool for
 
to the Utility Money Pool for
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
AEPTCo
 
1.36
%
 
0.82
%
 
1.04
%
 
0.74
%
APCo
 
1.24
%
 
0.78
%
 
1.28
%
 
0.79
%
I&M
 
1.24
%
 
0.73
%
 
1.27
%
 
0.78
%
OPCo
 
1.40
%
 
0.85
%
 
0.98
%
 
0.74
%
PSO
 
1.30
%
 
0.76
%
 
—
%
 
0.81
%
SWEPCo
 
1.26
%
 
0.79
%
 
0.98
%
 
0.91
%
Accounts Receivable and Accrued Unbilled Revenues
Company
 
September 30, 2017
 
December 31, 2016
 
 
(in millions)
APCo
 
$
116.9

 
$
142.0

I&M
 
132.7

 
136.7

OPCo
 
356.3

 
388.3

PSO
 
143.4

 
110.4

SWEPCo
 
167.1

 
130.9
Fees Paid to AEP Credit for Customer Accounts Receivable Sold
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
1.5

 
$
1.6

 
$
4.2

 
$
5.4

I&M
 
1.8

 
2.0

 
4.9

 
5.6

OPCo
 
6.1

 
8.1

 
16.5

 
23.4

PSO
 
2.0

 
1.8

 
5.2

 
4.7

SWEPCo
 
2.0

 
2.1

 
5.4

 
5.3
Proceeds on Sale of Receivables to AEP Credit
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
335.5

 
$
361.7

 
$
1,029.4

 
$
1,071.6

I&M
 
409.9

 
448.0

 
1,218.9

 
1,220.2

OPCo
 
616.3

 
750.9

 
1,741.7

 
2,011.2

PSO
 
407.0

 
390.6

 
1,022.6

 
971.9

SWEPCo
 
455.0

 
460.4

 
1,200.8

 
1,183.9
Ohio Power Co [Member]  
Retirements and Principal Payments
Company
 
Type of Debt
 
 Principal Amount Paid
 
Interest Rate
 
Due Date
Retirements and Principal Payments:
 
 
 
(in millions)
 
(%)
 
 
APCo
 
Senior Unsecured Notes
 
$
250.0

 
5.00
 
2017
APCo
 
Securitization Bonds
 
23.5

 
2.008
 
2024
APCo
 
Pollution Control Bonds
 
104.4

 
Variable
 
2017
I&M
 
Notes Payable
 
4.9

 
Variable
 
2017
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2017
I&M
 
Notes Payable
 
22.3

 
Variable
 
2019
I&M
 
Notes Payable
 
23.6

 
Variable
 
2019
I&M
 
Notes Payable
 
23.9

 
Variable
 
2020
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2017
I&M
 
Notes Payable
 
24.3

 
Variable
 
2021
I&M
 
Other Long-term Debt
 
1.1

 
6.00
 
2025
I&M
 
Pollution Control Bonds
 
50.0

 
Variable
 
2025
OPCo
 
Securitization Bonds
 
16.2

 
0.958
 
2017
OPCo
 
Securitization Bonds
 
22.5

 
0.958
 
2018
OPCo
 
Securitization Bonds
 
7.6

 
2.049
 
2019
OPCo
 
Other Long-term Debt
 
0.1

 
1.149
 
2028
PSO
 
Other Long-term Debt
 
0.3

 
3.00
 
2027
SWEPCo
 
Senior Unsecured Notes
 
250.0

 
5.55
 
2017
SWEPCo
 
Other Long-term Debt
 
100.0

 
Variable
 
2017
SWEPCo
 
Other Long-term Debt
 
0.2

 
3.50
 
2023
SWEPCo
 
Other Long-term Debt
 
0.1

 
4.28
 
2023
SWEPCo
 
Notes Payable
 
3.3

 
4.58
 
2032
 
 
 
 
 
 
 
 
 
Non-Registrant:
 
 
 
 
 
 
 
 
AEGCo
 
Senior Unsecured Notes
 
152.7

 
6.33
 
2037
AGR
 
Other Long-term Debt
 
500.0

 
Variable
 
2017
KPCo
 
Pollution Control Bonds
 
65.0

 
Variable
 
2017
KPCo
 
Senior Unsecured Notes
 
325.0

 
6.00
 
2017
TCC
 
Securitization Bonds
 
27.2

 
0.88
 
2017
TCC
 
Securitization Bonds
 
161.2

 
5.17
 
2018
TCC
 
Pollution Control Bonds
 
60.0

 
5.20
 
2030
Transource Missouri
 
Other Long-term Debt
 
130.8

 
Variable
 
2018
Total Retirements and Principal Payments
 
 
 
$
2,427.2

 
 
 
 
Utility Money Pool Participants' Money Pool Activity and Authorized Borrowing Limits
 
 
Maximum
 
 
 
Average
 
 
 
Net Loans to
 
 
 
 
 
Borrowings
 
Maximum
 
Borrowings
 
Average
 
(Borrowings from)
 
Authorized
 
 
 
from the
 
Loans to the
 
from the
 
Loans to the
 
the Utility Money
 
Short-term
 
 
 
Utility
 
Utility
 
Utility
 
Utility
 
Pool as of
 
Borrowing
 
Company
 
Money Pool
 
Money Pool
 
Money Pool
 
Money Pool
 
September 30, 2017
 
Limit
 
 
 
(in millions)
 
AEPTCo
 
$
467.2

 
$
194.8

 
$
235.7

 
$
19.3

 
$
162.9

 
$
795.0

(a)
APCo
 
231.5

 
160.7

 
152.2

 
32.2

 
(45.9
)
 
600.0

 
I&M
 
367.4

 
12.6

 
205.7

 
12.6

 
(164.9
)
 
500.0

 
OPCo
 
280.6

 
56.2

 
141.0

 
27.9

 
(167.6
)
 
400.0

 
PSO
 
185.2

 
—

 
121.3

 
—

 
(118.0
)
 
300.0

 
SWEPCo
 
187.5

 
178.6

 
109.6

 
169.5

 
(48.3
)
 
350.0

 


(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Maximum and Minimum Interest Rates for Funds Either Borrowed from or Loaned to Utility Money Pool
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Maximum Interest Rate
 
1.49
%
 
0.91
%
Minimum Interest Rate
 
0.92
%
 
0.69
%
Average Interest Rates for Funds Borrowed from and Loaned to Utility Money Pool
 
 
Average Interest Rate
 
Average Interest Rate
 
 
for Funds Borrowed
 
for Funds Loaned
 
 
from the Utility Money Pool for
 
to the Utility Money Pool for
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
AEPTCo
 
1.36
%
 
0.82
%
 
1.04
%
 
0.74
%
APCo
 
1.24
%
 
0.78
%
 
1.28
%
 
0.79
%
I&M
 
1.24
%
 
0.73
%
 
1.27
%
 
0.78
%
OPCo
 
1.40
%
 
0.85
%
 
0.98
%
 
0.74
%
PSO
 
1.30
%
 
0.76
%
 
—
%
 
0.81
%
SWEPCo
 
1.26
%
 
0.79
%
 
0.98
%
 
0.91
%
Accounts Receivable and Accrued Unbilled Revenues
Company
 
September 30, 2017
 
December 31, 2016
 
 
(in millions)
APCo
 
$
116.9

 
$
142.0

I&M
 
132.7

 
136.7

OPCo
 
356.3

 
388.3

PSO
 
143.4

 
110.4

SWEPCo
 
167.1

 
130.9
Fees Paid to AEP Credit for Customer Accounts Receivable Sold
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
1.5

 
$
1.6

 
$
4.2

 
$
5.4

I&M
 
1.8

 
2.0

 
4.9

 
5.6

OPCo
 
6.1

 
8.1

 
16.5

 
23.4

PSO
 
2.0

 
1.8

 
5.2

 
4.7

SWEPCo
 
2.0

 
2.1

 
5.4

 
5.3
Proceeds on Sale of Receivables to AEP Credit
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
335.5

 
$
361.7

 
$
1,029.4

 
$
1,071.6

I&M
 
409.9

 
448.0

 
1,218.9

 
1,220.2

OPCo
 
616.3

 
750.9

 
1,741.7

 
2,011.2

PSO
 
407.0

 
390.6

 
1,022.6

 
971.9

SWEPCo
 
455.0

 
460.4

 
1,200.8

 
1,183.9
Public Service Co Of Oklahoma [Member]  
Retirements and Principal Payments
Company
 
Type of Debt
 
 Principal Amount Paid
 
Interest Rate
 
Due Date
Retirements and Principal Payments:
 
 
 
(in millions)
 
(%)
 
 
APCo
 
Senior Unsecured Notes
 
$
250.0

 
5.00
 
2017
APCo
 
Securitization Bonds
 
23.5

 
2.008
 
2024
APCo
 
Pollution Control Bonds
 
104.4

 
Variable
 
2017
I&M
 
Notes Payable
 
4.9

 
Variable
 
2017
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2017
I&M
 
Notes Payable
 
22.3

 
Variable
 
2019
I&M
 
Notes Payable
 
23.6

 
Variable
 
2019
I&M
 
Notes Payable
 
23.9

 
Variable
 
2020
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2017
I&M
 
Notes Payable
 
24.3

 
Variable
 
2021
I&M
 
Other Long-term Debt
 
1.1

 
6.00
 
2025
I&M
 
Pollution Control Bonds
 
50.0

 
Variable
 
2025
OPCo
 
Securitization Bonds
 
16.2

 
0.958
 
2017
OPCo
 
Securitization Bonds
 
22.5

 
0.958
 
2018
OPCo
 
Securitization Bonds
 
7.6

 
2.049
 
2019
OPCo
 
Other Long-term Debt
 
0.1

 
1.149
 
2028
PSO
 
Other Long-term Debt
 
0.3

 
3.00
 
2027
SWEPCo
 
Senior Unsecured Notes
 
250.0

 
5.55
 
2017
SWEPCo
 
Other Long-term Debt
 
100.0

 
Variable
 
2017
SWEPCo
 
Other Long-term Debt
 
0.2

 
3.50
 
2023
SWEPCo
 
Other Long-term Debt
 
0.1

 
4.28
 
2023
SWEPCo
 
Notes Payable
 
3.3

 
4.58
 
2032
 
 
 
 
 
 
 
 
 
Non-Registrant:
 
 
 
 
 
 
 
 
AEGCo
 
Senior Unsecured Notes
 
152.7

 
6.33
 
2037
AGR
 
Other Long-term Debt
 
500.0

 
Variable
 
2017
KPCo
 
Pollution Control Bonds
 
65.0

 
Variable
 
2017
KPCo
 
Senior Unsecured Notes
 
325.0

 
6.00
 
2017
TCC
 
Securitization Bonds
 
27.2

 
0.88
 
2017
TCC
 
Securitization Bonds
 
161.2

 
5.17
 
2018
TCC
 
Pollution Control Bonds
 
60.0

 
5.20
 
2030
Transource Missouri
 
Other Long-term Debt
 
130.8

 
Variable
 
2018
Total Retirements and Principal Payments
 
 
 
$
2,427.2

 
 
 
 
Utility Money Pool Participants' Money Pool Activity and Authorized Borrowing Limits
 
 
Maximum
 
 
 
Average
 
 
 
Net Loans to
 
 
 
 
 
Borrowings
 
Maximum
 
Borrowings
 
Average
 
(Borrowings from)
 
Authorized
 
 
 
from the
 
Loans to the
 
from the
 
Loans to the
 
the Utility Money
 
Short-term
 
 
 
Utility
 
Utility
 
Utility
 
Utility
 
Pool as of
 
Borrowing
 
Company
 
Money Pool
 
Money Pool
 
Money Pool
 
Money Pool
 
September 30, 2017
 
Limit
 
 
 
(in millions)
 
AEPTCo
 
$
467.2

 
$
194.8

 
$
235.7

 
$
19.3

 
$
162.9

 
$
795.0

(a)
APCo
 
231.5

 
160.7

 
152.2

 
32.2

 
(45.9
)
 
600.0

 
I&M
 
367.4

 
12.6

 
205.7

 
12.6

 
(164.9
)
 
500.0

 
OPCo
 
280.6

 
56.2

 
141.0

 
27.9

 
(167.6
)
 
400.0

 
PSO
 
185.2

 
—

 
121.3

 
—

 
(118.0
)
 
300.0

 
SWEPCo
 
187.5

 
178.6

 
109.6

 
169.5

 
(48.3
)
 
350.0

 


(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Maximum and Minimum Interest Rates for Funds Either Borrowed from or Loaned to Utility Money Pool
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Maximum Interest Rate
 
1.49
%
 
0.91
%
Minimum Interest Rate
 
0.92
%
 
0.69
%
Average Interest Rates for Funds Borrowed from and Loaned to Utility Money Pool
 
 
Average Interest Rate
 
Average Interest Rate
 
 
for Funds Borrowed
 
for Funds Loaned
 
 
from the Utility Money Pool for
 
to the Utility Money Pool for
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
AEPTCo
 
1.36
%
 
0.82
%
 
1.04
%
 
0.74
%
APCo
 
1.24
%
 
0.78
%
 
1.28
%
 
0.79
%
I&M
 
1.24
%
 
0.73
%
 
1.27
%
 
0.78
%
OPCo
 
1.40
%
 
0.85
%
 
0.98
%
 
0.74
%
PSO
 
1.30
%
 
0.76
%
 
—
%
 
0.81
%
SWEPCo
 
1.26
%
 
0.79
%
 
0.98
%
 
0.91
%
Accounts Receivable and Accrued Unbilled Revenues
Company
 
September 30, 2017
 
December 31, 2016
 
 
(in millions)
APCo
 
$
116.9

 
$
142.0

I&M
 
132.7

 
136.7

OPCo
 
356.3

 
388.3

PSO
 
143.4

 
110.4

SWEPCo
 
167.1

 
130.9
Fees Paid to AEP Credit for Customer Accounts Receivable Sold
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
1.5

 
$
1.6

 
$
4.2

 
$
5.4

I&M
 
1.8

 
2.0

 
4.9

 
5.6

OPCo
 
6.1

 
8.1

 
16.5

 
23.4

PSO
 
2.0

 
1.8

 
5.2

 
4.7

SWEPCo
 
2.0

 
2.1

 
5.4

 
5.3
Proceeds on Sale of Receivables to AEP Credit
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
335.5

 
$
361.7

 
$
1,029.4

 
$
1,071.6

I&M
 
409.9

 
448.0

 
1,218.9

 
1,220.2

OPCo
 
616.3

 
750.9

 
1,741.7

 
2,011.2

PSO
 
407.0

 
390.6

 
1,022.6

 
971.9

SWEPCo
 
455.0

 
460.4

 
1,200.8

 
1,183.9
Southwestern Electric Power Co [Member]  
Long-term Debt Issuances
Company
 
Type of Debt
 
Principal Amount (a)
 
Interest Rate
 
Due Date
Issuances:
 
 
 
(in millions)
 
(%)
 
 
AEPTCo
 
Senior Unsecured Notes
 
$
125.0

 
3.10
 
2026
AEPTCo
 
Senior Unsecured Notes
 
500.0

 
3.75
 
2047
APCo
 
Senior Unsecured Notes
 
325.0

 
3.30
 
2027
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2019
I&M
 
Pollution Control Bonds
 
40.0

 
2.05
 
2021
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2021
I&M
 
Senior Unsecured Notes
 
300.0

 
3.75
 
2047
SWEPCo
 
Other Long-term Debt
 
115.0

 
Variable
 
2020
 
 
 
 


 

 

Non-Registrant:
 
 
 


 

 

AEP Texas
 
Pollution Control Bonds
 
60.0

 
1.75
 
2020
AEP Texas
 
Senior Unsecured Notes
 
400.0

 
2.40
 
2022
AEP Texas
 
Senior Unsecured Notes
 
300.0

 
3.80
 
2047
KPCo
 
Pollution Control Bonds
 
65.0

 
2.00
 
2020
KPCo
 
Senior Unsecured Notes
 
65.0

 
3.13
 
2024
KPCo
 
Senior Unsecured Notes
 
40.0

 
3.35
 
2027
KPCo
 
Senior Unsecured Notes
 
165.0

 
3.45
 
2029
KPCo
 
Senior Unsecured Notes
 
55.0

 
4.12
 
2047
Transource Missouri
 
Other Long-term Debt
 
7.0

 
Variable
 
2018
Transource Energy
 
Other Long-term Debt
 
132.1

 
Variable
 
2020
Total Issuances
 
 
 
$
2,771.1

 

 


(a)
Amounts indicated on the statements of cash flows are net of issuance costs and premium or discount and will not tie to the issuance amounts.
Retirements and Principal Payments
Company
 
Type of Debt
 
 Principal Amount Paid
 
Interest Rate
 
Due Date
Retirements and Principal Payments:
 
 
 
(in millions)
 
(%)
 
 
APCo
 
Senior Unsecured Notes
 
$
250.0

 
5.00
 
2017
APCo
 
Securitization Bonds
 
23.5

 
2.008
 
2024
APCo
 
Pollution Control Bonds
 
104.4

 
Variable
 
2017
I&M
 
Notes Payable
 
4.9

 
Variable
 
2017
I&M
 
Pollution Control Bonds
 
25.0

 
Variable
 
2017
I&M
 
Notes Payable
 
22.3

 
Variable
 
2019
I&M
 
Notes Payable
 
23.6

 
Variable
 
2019
I&M
 
Notes Payable
 
23.9

 
Variable
 
2020
I&M
 
Pollution Control Bonds
 
52.0

 
Variable
 
2017
I&M
 
Notes Payable
 
24.3

 
Variable
 
2021
I&M
 
Other Long-term Debt
 
1.1

 
6.00
 
2025
I&M
 
Pollution Control Bonds
 
50.0

 
Variable
 
2025
OPCo
 
Securitization Bonds
 
16.2

 
0.958
 
2017
OPCo
 
Securitization Bonds
 
22.5

 
0.958
 
2018
OPCo
 
Securitization Bonds
 
7.6

 
2.049
 
2019
OPCo
 
Other Long-term Debt
 
0.1

 
1.149
 
2028
PSO
 
Other Long-term Debt
 
0.3

 
3.00
 
2027
SWEPCo
 
Senior Unsecured Notes
 
250.0

 
5.55
 
2017
SWEPCo
 
Other Long-term Debt
 
100.0

 
Variable
 
2017
SWEPCo
 
Other Long-term Debt
 
0.2

 
3.50
 
2023
SWEPCo
 
Other Long-term Debt
 
0.1

 
4.28
 
2023
SWEPCo
 
Notes Payable
 
3.3

 
4.58
 
2032
 
 
 
 
 
 
 
 
 
Non-Registrant:
 
 
 
 
 
 
 
 
AEGCo
 
Senior Unsecured Notes
 
152.7

 
6.33
 
2037
AGR
 
Other Long-term Debt
 
500.0

 
Variable
 
2017
KPCo
 
Pollution Control Bonds
 
65.0

 
Variable
 
2017
KPCo
 
Senior Unsecured Notes
 
325.0

 
6.00
 
2017
TCC
 
Securitization Bonds
 
27.2

 
0.88
 
2017
TCC
 
Securitization Bonds
 
161.2

 
5.17
 
2018
TCC
 
Pollution Control Bonds
 
60.0

 
5.20
 
2030
Transource Missouri
 
Other Long-term Debt
 
130.8

 
Variable
 
2018
Total Retirements and Principal Payments
 
 
 
$
2,427.2

 
 
 
 
Utility Money Pool Participants' Money Pool Activity and Authorized Borrowing Limits
 
 
Maximum
 
 
 
Average
 
 
 
Net Loans to
 
 
 
 
 
Borrowings
 
Maximum
 
Borrowings
 
Average
 
(Borrowings from)
 
Authorized
 
 
 
from the
 
Loans to the
 
from the
 
Loans to the
 
the Utility Money
 
Short-term
 
 
 
Utility
 
Utility
 
Utility
 
Utility
 
Pool as of
 
Borrowing
 
Company
 
Money Pool
 
Money Pool
 
Money Pool
 
Money Pool
 
September 30, 2017
 
Limit
 
 
 
(in millions)
 
AEPTCo
 
$
467.2

 
$
194.8

 
$
235.7

 
$
19.3

 
$
162.9

 
$
795.0

(a)
APCo
 
231.5

 
160.7

 
152.2

 
32.2

 
(45.9
)
 
600.0

 
I&M
 
367.4

 
12.6

 
205.7

 
12.6

 
(164.9
)
 
500.0

 
OPCo
 
280.6

 
56.2

 
141.0

 
27.9

 
(167.6
)
 
400.0

 
PSO
 
185.2

 
—

 
121.3

 
—

 
(118.0
)
 
300.0

 
SWEPCo
 
187.5

 
178.6

 
109.6

 
169.5

 
(48.3
)
 
350.0

 


(a)
Amount represents the combined authorized short-term borrowing limit the State Transcos have from FERC or state regulatory commissions.
Nonutility Money Pool Activity
Maximum
 
Average
 
Loans
Loans
 
Loans
 
to the Nonutility
to the Nonutility
 
to the Nonutility
 
Money Pool as of
Money Pool
 
Money Pool
 
September 30, 2017
(in millions)
$
2.0

 
$
2.0

 
$
2.0
Maximum and Minimum Interest Rates for Funds Either Borrowed from or Loaned to Utility Money Pool
 
 
Nine Months Ended September 30,
 
 
2017
 
2016
Maximum Interest Rate
 
1.49
%
 
0.91
%
Minimum Interest Rate
 
0.92
%
 
0.69
%
Average Interest Rates for Funds Borrowed from and Loaned to Utility Money Pool
 
 
Average Interest Rate
 
Average Interest Rate
 
 
for Funds Borrowed
 
for Funds Loaned
 
 
from the Utility Money Pool for
 
to the Utility Money Pool for
 
 
Nine Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
AEPTCo
 
1.36
%
 
0.82
%
 
1.04
%
 
0.74
%
APCo
 
1.24
%
 
0.78
%
 
1.28
%
 
0.79
%
I&M
 
1.24
%
 
0.73
%
 
1.27
%
 
0.78
%
OPCo
 
1.40
%
 
0.85
%
 
0.98
%
 
0.74
%
PSO
 
1.30
%
 
0.76
%
 
—
%
 
0.81
%
SWEPCo
 
1.26
%
 
0.79
%
 
0.98
%
 
0.91
%
Maximum Minimum Average Interest Rates for Funds Borrowed from Loaned to Nonutility Money Pool
 
 
Maximum
 
Minimum
 
Average
 
 
Interest Rate
 
Interest Rate
 
Interest Rate
Nine Months
 
for Funds Loaned
 
for Funds Loaned
 
for Funds Loaned
Ended
 
to the Nonutility
 
 to the Nonutility
 
to the Nonutility
September 30,
Money Pool
 
Money Pool
 
Money Pool
2017
 
1.49
%
 
—
%
 
1.27
%
2016
 
0.91
%
 
0.69
%
 
0.79
%
Short Term Debt
 
 
 
 
September 30, 2017
 
December 31, 2016
Company
 
Type of Debt
 
Outstanding
Amount
 
Interest
Rate (a)
 
Outstanding
Amount
 
Interest
Rate (a)
 
 
 
 
(in millions)
 
 
 
(in millions)
 
 
AEP
 
Securitized Debt for Receivables (b)
 
$
750.0

 
1.17
%
 
$
673.0

 
0.70
%
AEP
 
Commercial Paper
 
295.0

 
1.39
%
 
1,040.0

 
1.02
%
SWEPCo
 
Notes Payable
 
14.3

 
2.88
%
 
—

 
—
%
 
 
Total Short-term Debt
 
$
1,059.3

 
 

 
$
1,713.0

 
 


(a)
Weighted average rate.
(b)
Amount of securitized debt for receivables as accounted for under the “Transfers and Servicing” accounting guidance.
Accounts Receivable and Accrued Unbilled Revenues
Company
 
September 30, 2017
 
December 31, 2016
 
 
(in millions)
APCo
 
$
116.9

 
$
142.0

I&M
 
132.7

 
136.7

OPCo
 
356.3

 
388.3

PSO
 
143.4

 
110.4

SWEPCo
 
167.1

 
130.9
Fees Paid to AEP Credit for Customer Accounts Receivable Sold
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
1.5

 
$
1.6

 
$
4.2

 
$
5.4

I&M
 
1.8

 
2.0

 
4.9

 
5.6

OPCo
 
6.1

 
8.1

 
16.5

 
23.4

PSO
 
2.0

 
1.8

 
5.2

 
4.7

SWEPCo
 
2.0

 
2.1

 
5.4

 
5.3
Proceeds on Sale of Receivables to AEP Credit
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
Company
 
2017
 
2016
 
2017
 
2016
 
 
(in millions)
APCo
 
$
335.5

 
$
361.7

 
$
1,029.4

 
$
1,071.6

I&M
 
409.9

 
448.0

 
1,218.9

 
1,220.2

OPCo
 
616.3

 
750.9

 
1,741.7

 
2,011.2

PSO
 
407.0

 
390.6

 
1,022.6

 
971.9

SWEPCo
 
455.0

 
460.4

 
1,200.8

 
1,183.9