Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2018

Consolidated Assets And Liabilities Of Variable Interest Entities

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2018
	Registrant Subsidiaries
	SWEPCo Sabine		I&M DCC Fuel		AEP Texas Transition Funding			OPCo Ohio Phase-in- Recovery Funding			APCo Appalachian Consumer Rate Relief Funding
	(in millions)
ASSETS
Current Assets	$	70.0	$	77.6	$	192.8		$	29.5		$	24.8
Net Property, Plant and Equipment	106.9		122.3		—			—			—
Other Noncurrent Assets	98.5		58.4		683.5		(a)	24.2		(b)	261.8		(c)
Total Assets	$	275.4	$	258.3	$	876.3		$	53.7		$	286.6
LIABILITIES AND EQUITY
Current Liabilities	$	31.1	$	77.1	$	271.9		$	48.5		$	28.0
Noncurrent Liabilities	244.0		181.2		586.1			3.9			256.7
Equity	0.3		—		18.3			1.3			1.9
Total Liabilities and Equity	$	275.4	$	258.3	$	876.3		$	53.7		$	286.6

(a) Includes an intercompany item eliminated in consolidation of $47 million.

(b) Includes an intercompany item eliminated in consolidation of $11 million.

(c) Includes an intercompany item eliminated in consolidation of $3 million.

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2018
	Other Consolidated VIEs
	AEP Credit		Protected Cell of EIS		Transource Energy		Desert Sky and Trent
	(in millions)
ASSETS
Current Assets	$	974.2	$	177.8	$	25.7	$	6.8
Net Property, Plant and Equipment	—		—		380.3		348.5
Other Noncurrent Assets	6.3		0.1		1.9		—
Total Assets	$	980.5	$	177.9	$	407.9	$	355.3
LIABILITIES AND EQUITY
Current Liabilities	$	923.5	$	38.6	$	19.9	$	8.7
Noncurrent Liabilities	0.8		85.3		160.3		6.2
Equity	56.2		54.0		227.7		340.4
Total Liabilities and Equity	$	980.5	$	177.9	$	407.9	$	355.3

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2017
	Registrant Subsidiaries
	SWEPCo Sabine			I&M DCC Fuel		AEP Texas Transition Funding			OPCo Ohio Phase-in- Recovery Funding			APCo Appalachian Consumer Rate Relief Funding
	(in millions)
ASSETS
Current Assets	$	56.3		$	102.5	$	191.7		$	28.7		$	22.3
Net Property, Plant and Equipment	113.2			179.9		—			—			—
Other Noncurrent Assets	90.2			86.3		923.5		(a)	71.0		(b)	285.6		(c)
Total Assets	$	259.7		$	368.7	$	1,115.2		$	99.7		$	307.9
LIABILITIES AND EQUITY
Current Liabilities	$	49.1		$	96.5	$	260.9		$	47.9		$	27.6
Noncurrent Liabilities	211.0			272.2		836.1			50.5			278.4
Equity	(0.4		)	—		18.2			1.3			1.9
Total Liabilities and Equity	$	259.7		$	368.7	$	1,115.2		$	99.7		$	307.9

(a) Includes an intercompany item eliminated in consolidation of $54 million.

(b) Includes an intercompany item eliminated in consolidation of $33 million.

(c) Includes an intercompany item eliminated in consolidation of $3 million.

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2017
	Other Consolidated VIEs
	AEP Credit		Protected Cell of EIS		Transource Energy
	(in millions)
ASSETS
Current Assets	$	926.3	$	178.7	$	17.4
Net Property, Plant and Equipment	—		—		323.9
Other Noncurrent Assets	6.4		—		3.1
Total Assets	$	932.7	$	178.7	$	344.4
LIABILITIES AND EQUITY
Current Liabilities	$	872.0	$	36.4	$	12.4
Noncurrent Liabilities	0.7		95.2		132.0
Equity	60.0		47.1		200.0
Total Liabilities and Equity	$	932.7	$	178.7	$	344.4

SWEPCo's Investment In DHLC

	December 31,
	2018				2017
	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
Capital Contribution from SWEPCo	$	7.6	$	7.6	$	7.6	$	7.6
Retained Earnings	14.5		14.5		11.8		11.8
SWEPCo’s Share of Obligations	—		167.6		—		144.3
Total Investment in DHLC	$	22.1	$	189.7	$	19.4	$	163.7

AEP's Investment In OVEC

	December 31,
	2018				2017
	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
Capital Contribution from AEP	$	4.4	$	4.4	$	4.4	$	4.4
AEP’s Ratio of OVEC Debt (a)	—		604.1		—		626.3
Total Investment in OVEC	$	4.4	$	608.5	$	4.4	$	630.7

(a) Based on the Registrants’ power participation ratios APCo, I&M and OPCo’s share of OVEC debt was $218 million, $109 million and $277 million as of December 31, 2018 and $226 million, $113 million and $287 million as of December 31, 2017, respectively.

Purchased Power from OVEC

	Years Ended December 31,
Company	2018		2017		2016
	(in millions)
APCo	$	100.4	$	101.0	$	88.0
I&M	50.2		50.5		44.0
OPCo	127.5		128.2		111.7

AEP's Investment In PATH-WV

	December 31,
	2018						2017
	As Reported on the Balance Sheet			Maximum Exposure			As Reported on the Balance Sheet			Maximum Exposure
	(in millions)
Capital Contribution from Parent	$	18.8		$	18.8		$	18.8		$	18.8
Retained Earnings	(1.4		)	(1.4		)	(2.0		)	(2.0		)
Total Investment in PATH-WV	$	17.4		$	17.4		$	16.8		$	16.8

Billings from Significant Variable Interest

	Years Ended December 31,
Company	2018		2017		2016
	(in millions)
AEP Texas	$	184.3	$	152.6	$	142.3
AEPTCo	220.4		188.9		131.1
APCo	295.6		268.8		244.2
I&M	173.5		176.0		147.7
OPCo	214.9		195.7		181.1
PSO	121.5		114.7		111.0
SWEPCo	164.4		150.7		147.0

Carrying Amount and Classification of Variable Interest in Accounts Payable

	December 31,
	2018				2017
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
AEP Texas	$	22.3	$	22.3	$	24.2	$	24.2
AEPTCo	24.6		24.6		25.1		25.1
APCo	32.2		32.2		37.0		37.0
I&M	23.8		23.8		26.8		26.8
OPCo	23.9		23.9		27.4		27.4
PSO	13.2		13.2		18.7		18.7
SWEPCo	18.4		18.4		20.8		20.8