Organization and Summary of Significant Accounting Policies (Details) $ / shares in Units, $ in Millions |
3 Months Ended |
12 Months Ended |
63 Months Ended |
90 Months Ended |
|
Dec. 31, 2018
USD ($)
$ / shares
|
Sep. 30, 2018
USD ($)
$ / shares
|
Jun. 30, 2018
USD ($)
$ / shares
|
Mar. 31, 2018
USD ($)
$ / shares
|
Dec. 31, 2017
USD ($)
$ / shares
|
Sep. 30, 2017
USD ($)
$ / shares
|
Jun. 30, 2017
USD ($)
$ / shares
|
Mar. 31, 2017
USD ($)
$ / shares
|
Dec. 31, 2018
USD ($)
$ / shares
shares
|
Dec. 31, 2017
USD ($)
$ / shares
shares
|
Dec. 31, 2016
USD ($)
$ / shares
shares
|
Mar. 31, 2018 |
Jun. 30, 2018 |
Dec. 31, 2015
USD ($)
|
Cash, Cash Equivalents and Restricted Cash |
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Cash and Cash Equivalents at Beginning of Period |
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$ 214.6
|
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$ 214.6
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Supplemental Income Statement Elements |
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Depreciation and Amortization of Property, Plant and Equipment |
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|
1,965.0
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|
$ 1,709.1
|
|
$ 1,688.5
|
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|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
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|
|
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287.9
|
|
275.9
|
|
254.6
|
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|
Amortization of Regulatory Assets and Liabilities |
|
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|
|
|
|
|
|
|
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|
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|
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|
33.7
|
|
12.2
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|
19.2
|
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|
Utilities Operating Expense, Depreciation and Amortization |
|
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|
|
|
|
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|
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2,286.6
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|
1,997.2
|
|
1,962.3
|
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|
Cash Paid (Received) for: |
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Cash Paid for Interest, Net of Capitalized Amounts |
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|
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|
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|
939.3
|
|
858.3
|
|
848.5
|
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|
Income Taxes Paid, Net |
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|
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(24.7)
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(1.1)
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29.5
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Construction in Progress Expenditures Incurred but Not yet Paid |
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|
|
|
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|
|
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1,120.4
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|
1,330.8
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|
858.0
|
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|
|
Noncash Investing and Financing Activities: |
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Capital Lease Obligations Incurred |
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55.6
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|
60.7
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|
86.1
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|
Construction Expenditures Included in Current Liabilities as of December 31, |
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1,120.4
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1,330.8
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858.0
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Construction Expenditures Included in Noncurrent Liabilities as of December 31, |
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0.0
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71.8
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0.0
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Acquisition of Nuclear Fuel Included in Current Liabilities as of December 31, |
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4.0
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0.0
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2.1
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Noncash Contribution of Assets by Noncontrolling Interest |
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|
84.0
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|
0.0
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|
0.0
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|
Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage |
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2.2
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|
2.6
|
|
0.7
|
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|
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|
Restricted Cash |
$ 210.0
|
|
|
|
|
|
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|
$ 198.0
|
|
|
|
|
|
|
|
210.0
|
|
198.0
|
|
|
|
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|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations |
$ 444.1
|
|
|
|
|
|
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|
$ 412.6
|
|
|
|
|
|
|
|
444.1
|
|
412.6
|
|
403.5
|
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|
$ 426.9
|
Amounts Attributable to AEP Common Shareholders |
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Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest |
|
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|
|
|
|
|
|
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|
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|
1,931.3
|
|
1,928.9
|
|
620.5
|
|
|
|
|
Net Income (Loss) Attributable to Noncontrolling Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.5
|
|
16.3
|
|
7.1
|
|
|
|
|
Net Income (Loss) from Continuing Operations Available to Common Shareholders, Basic |
|
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|
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|
$ 1,923.8
|
|
$ 1,912.6
|
|
$ 613.4
|
|
|
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|
Weighted Average Number of Basic AEP Common Shares Outstanding | shares |
|
|
|
|
|
|
|
|
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|
|
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|
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|
492,774,600
|
|
491,814,651
|
|
491,495,458
|
|
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|
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS | $ / shares |
$ 0.74
|
[1] |
$ 1.17
|
[1] |
$ 1.07
|
[1] |
$ 0.92
|
[1] |
$ 0.81
|
[1] |
$ 1.11
|
[1] |
$ 0.76
|
[1] |
$ 1.20
|
[1] |
$ 3.90
|
|
$ 3.89
|
|
$ 1.25
|
|
|
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|
Weighted Average Dilutive Effect of: |
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|
Weighted Average Number of Diluted AEP Common Shares Outstanding | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
493,758,277
|
|
492,611,067
|
|
491,662,007
|
|
|
|
|
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS | $ / shares |
$ 0.74
|
[1] |
$ 1.17
|
[1] |
$ 1.07
|
[1] |
$ 0.92
|
[1] |
$ 0.81
|
[1] |
$ 1.10
|
[1] |
$ 0.76
|
[1] |
$ 1.20
|
[1] |
$ 3.90
|
|
$ 3.88
|
|
$ 1.25
|
|
|
|
|
Revenues |
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TOTAL REVENUES |
$ 3,801.1
|
|
$ 4,333.1
|
|
$ 4,013.2
|
|
$ 4,048.3
|
|
$ 3,810.4
|
|
$ 4,104.7
|
|
$ 3,576.5
|
|
$ 3,933.3
|
|
$ 16,195.7
|
|
$ 15,424.9
|
|
$ 16,380.1
|
|
|
|
|
Expenses |
|
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|
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|
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|
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|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,286.6
|
|
1,997.2
|
|
1,962.3
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13,513.0
|
|
11,899.9
|
|
15,216.2
|
|
|
|
|
OPERATING INCOME (LOSS) |
551.1
|
|
668.6
|
|
757.0
|
|
706.0
|
|
730.9
|
[2] |
975.1
|
[2] |
733.3
|
[2] |
1,085.7
|
[2] |
2,682.7
|
|
3,525.0
|
|
1,163.9
|
|
|
|
|
Other Income (Expense) |
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
132.5
|
|
93.7
|
|
113.2
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(984.4)
|
|
(895.0)
|
|
(877.2)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,973.5
|
|
2,816.2
|
|
475.6
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115.3
|
|
969.7
|
|
(73.7)
|
|
|
|
|
NET INCOME (LOSS) |
364.8
|
|
579.7
|
|
530.1
|
|
456.7
|
|
401.8
|
|
556.7
|
|
376.2
|
|
594.2
|
|
1,931.3
|
|
1,928.9
|
|
618.0
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
699.0
|
|
|
|
|
|
|
|
643.9
|
|
|
|
|
|
|
|
699.0
|
|
643.9
|
|
|
|
|
|
|
Total Accounts Receivable |
1,926.5
|
|
|
|
|
|
|
|
1,891.0
|
|
|
|
|
|
|
|
1,926.5
|
|
1,891.0
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
4,113.9
|
|
|
|
|
|
|
|
4,253.1
|
|
|
|
|
|
|
|
4,113.9
|
|
4,253.1
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
21,531.0
|
|
|
|
|
|
|
|
18,972.5
|
|
|
|
|
|
|
|
21,531.0
|
|
18,972.5
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
4,265.0
|
|
|
|
|
|
|
|
3,706.3
|
|
|
|
|
|
|
|
4,265.0
|
|
3,706.3
|
|
|
|
|
|
|
Construction Work in Progress |
4,393.9
|
|
|
|
|
|
|
|
4,120.7
|
|
|
|
|
|
|
|
4,393.9
|
|
4,120.7
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
73,085.2
|
|
|
|
|
|
|
|
67,428.5
|
|
|
|
|
|
|
|
73,085.2
|
|
67,428.5
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
17,986.1
|
|
|
|
|
|
|
|
17,167.0
|
|
|
|
|
|
|
|
17,986.1
|
|
17,167.0
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
55,099.1
|
|
|
|
|
|
|
|
50,261.5
|
|
|
|
|
|
|
|
55,099.1
|
|
50,261.5
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
9,589.8
|
|
|
|
|
|
|
|
10,214.5
|
|
|
|
|
|
|
|
9,589.8
|
|
10,214.5
|
|
|
|
|
|
|
TOTAL ASSETS |
68,802.8
|
|
|
|
|
|
|
|
64,729.1
|
|
|
|
|
|
|
|
68,802.8
|
|
64,729.1
|
|
63,467.7
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
1,874.3
|
|
|
|
|
|
|
|
2,065.3
|
|
|
|
|
|
|
|
1,874.3
|
|
2,065.3
|
|
|
|
|
|
|
Accrued Taxes |
1,218.0
|
|
|
|
|
|
|
|
1,115.5
|
|
|
|
|
|
|
|
1,218.0
|
|
1,115.5
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
8,648.8
|
|
|
|
|
|
|
|
8,271.3
|
|
|
|
|
|
|
|
8,648.8
|
|
8,271.3
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
7,086.5
|
|
|
|
|
|
|
|
6,813.9
|
|
|
|
|
|
|
|
7,086.5
|
|
6,813.9
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
8,540.3
|
|
|
|
|
|
|
|
8,422.3
|
|
|
|
|
|
|
|
8,540.3
|
|
8,422.3
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
40,985.8
|
|
|
|
|
|
|
|
38,132.3
|
|
|
|
|
|
|
|
40,985.8
|
|
38,132.3
|
|
|
|
|
|
|
TOTAL LIABILITIES |
49,634.6
|
|
|
|
|
|
|
|
46,403.6
|
|
|
|
|
|
|
|
49,634.6
|
|
46,403.6
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
9,325.3
|
|
|
|
|
|
|
|
8,626.7
|
|
|
|
|
|
|
|
9,325.3
|
|
8,626.7
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
68,802.8
|
|
|
|
|
|
|
|
64,729.1
|
|
|
|
|
|
|
|
68,802.8
|
|
64,729.1
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
364.8
|
|
579.7
|
|
530.1
|
|
456.7
|
|
401.8
|
|
556.7
|
|
376.2
|
|
594.2
|
|
1,931.3
|
|
1,928.9
|
|
618.0
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,286.6
|
|
1,997.2
|
|
1,962.3
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
104.3
|
|
901.5
|
|
(50.0)
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(132.5)
|
|
(93.7)
|
|
(113.2)
|
|
|
|
|
Amortization of Deferred Property Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(59.1)
|
|
(29.5)
|
|
(19.0)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
119.8
|
|
(423.9)
|
|
(454.6)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
129.0
|
|
181.7
|
|
15.4
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
145.9
|
|
28.5
|
|
(226.6)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36.6
|
|
(58.0)
|
|
164.9
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
153.2
|
|
91.9
|
|
42.8
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
214.6
|
|
|
|
|
|
|
|
|
|
214.6
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
$ 234.1
|
|
|
|
|
|
|
|
214.6
|
|
|
|
|
|
|
|
234.1
|
|
214.6
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,945.7
|
|
3,854.1
|
|
2,594.9
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2,782.0
|
|
3,087.9
|
|
1,794.9
|
|
|
|
|
Number of Equity Method Investments |
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2
|
|
|
|
|
|
|
|
|
Equity Method Investment |
$ 846.2
|
|
|
|
|
|
|
|
812.3
|
|
|
|
|
|
|
|
$ 846.2
|
|
812.3
|
|
|
|
|
|
|
Income (Loss) from Equity Method Investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 73.1
|
|
$ 82.4
|
|
$ 71.2
|
|
|
|
|
Antidilutive Shares Outstanding | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0
|
|
0
|
|
0
|
|
|
|
|
Net Income (Loss) |
364.8
|
|
579.7
|
|
530.1
|
|
456.7
|
|
401.8
|
|
556.7
|
|
376.2
|
|
594.2
|
|
$ 1,931.3
|
|
$ 1,928.9
|
|
$ 618.0
|
|
|
|
|
Retained Earnings |
$ 9,325.3
|
|
|
|
|
|
|
|
8,626.7
|
|
|
|
|
|
|
|
$ 9,325.3
|
|
8,626.7
|
|
|
|
|
|
|
ETT [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Method Investment, Ownership Percentage |
50.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
Equity Method Investment |
$ 666.0
|
|
|
|
|
|
|
|
664.0
|
|
|
|
|
|
|
|
$ 666.0
|
|
664.0
|
|
|
|
|
|
|
Income (Loss) from Equity Method Investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 62.0
|
|
82.0
|
|
|
|
|
|
|
ETT [Member] | Berkshire Hathaway [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Method Investment, Ownership Percentage |
50.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50.00%
|
|
|
|
|
|
|
|
|
ETT [Member] | AEP Transmission Holdco [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Method Investment, Ownership Percentage |
49.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.50%
|
|
|
|
|
|
|
|
|
ETT [Member] | AEP Transmission Partner [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity Method Investment, Ownership Percentage |
0.50%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.50%
|
|
|
|
|
|
|
|
|
Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
2.0
|
|
|
|
|
|
|
|
|
|
$ 2.0
|
|
|
|
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
262.2
|
|
221.1
|
|
204.0
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
240.0
|
|
231.4
|
|
210.3
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.6)
|
|
(2.4)
|
|
(0.4)
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
499.6
|
|
450.1
|
|
413.9
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
145.9
|
|
134.6
|
|
145.6
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7.9
|
|
(28.3)
|
|
38.2
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
243.1
|
|
325.7
|
|
100.1
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.6
|
|
8.2
|
|
7.1
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
243.1
|
|
325.7
|
|
100.1
|
|
|
|
|
Restricted Cash |
$ 156.7
|
|
|
|
|
|
|
|
155.2
|
|
|
|
|
|
|
|
156.7
|
|
155.2
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
159.8
|
|
|
|
|
|
|
|
157.2
|
|
|
|
|
|
|
|
159.8
|
|
157.2
|
|
$ 146.9
|
|
|
|
208.4
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations |
159.8
|
|
|
|
|
|
|
|
157.2
|
|
|
|
|
|
|
|
$ 159.8
|
|
$ 157.2
|
|
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Amounts Attributable to AEP Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 211.3
|
|
$ 310.5
|
|
$ 195.4
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
402.0
|
|
433.4
|
|
388.3
|
|
371.6
|
|
374.1
|
|
431.2
|
|
389.5
|
|
343.6
|
|
1,595.3
|
|
1,538.4
|
|
1,461.4
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
499.6
|
|
450.1
|
|
413.9
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,249.0
|
|
1,122.3
|
|
1,085.1
|
|
|
|
|
OPERATING INCOME (LOSS) |
84.3
|
|
94.0
|
|
86.2
|
|
81.8
|
|
96.2
|
[2] |
128.8
|
[2] |
108.8
|
[2] |
82.3
|
[2] |
346.3
|
|
416.1
|
|
376.3
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20.0
|
|
6.8
|
|
9.2
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(147.3)
|
|
(142.3)
|
|
(144.4)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
232.1
|
|
287.1
|
|
255.3
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20.8
|
|
(23.4)
|
|
59.9
|
|
|
|
|
NET INCOME (LOSS) |
60.2
|
|
57.8
|
|
46.5
|
|
46.8
|
|
163.9
|
|
64.3
|
|
49.0
|
|
33.3
|
|
211.3
|
|
310.5
|
|
146.6
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
110.9
|
|
|
|
|
|
|
|
105.3
|
|
|
|
|
|
|
|
110.9
|
|
105.3
|
|
|
|
|
|
|
Total Accounts Receivable |
196.9
|
|
|
|
|
|
|
|
194.0
|
|
|
|
|
|
|
|
196.9
|
|
194.0
|
|
|
|
|
|
|
Accrued Tax Benefits |
44.9
|
|
|
|
|
|
|
|
41.0
|
|
|
|
|
|
|
|
44.9
|
|
41.0
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
476.5
|
|
|
|
|
|
|
|
563.8
|
|
|
|
|
|
|
|
476.5
|
|
563.8
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
3,683.6
|
|
|
|
|
|
|
|
3,053.6
|
|
|
|
|
|
|
|
3,683.6
|
|
3,053.6
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
727.9
|
|
|
|
|
|
|
|
461.0
|
|
|
|
|
|
|
|
727.9
|
|
461.0
|
|
|
|
|
|
|
Construction Work in Progress |
836.2
|
|
|
|
|
|
|
|
835.7
|
|
|
|
|
|
|
|
836.2
|
|
835.7
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
9,643.0
|
|
|
|
|
|
|
|
8,419.6
|
|
|
|
|
|
|
|
9,643.0
|
|
8,419.6
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
1,651.2
|
|
|
|
|
|
|
|
1,594.5
|
|
|
|
|
|
|
|
1,651.2
|
|
1,594.5
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
7,991.8
|
|
|
|
|
|
|
|
6,825.1
|
|
|
|
|
|
|
|
7,991.8
|
|
6,825.1
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
1,135.4
|
|
|
|
|
|
|
|
1,384.7
|
|
|
|
|
|
|
|
1,135.4
|
|
1,384.7
|
|
|
|
|
|
|
TOTAL ASSETS |
9,603.7
|
|
|
|
|
|
|
|
8,773.6
|
|
|
|
|
|
|
|
9,603.7
|
|
8,773.6
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
276.5
|
|
|
|
|
|
|
|
379.4
|
|
|
|
|
|
|
|
276.5
|
|
379.4
|
|
|
|
|
|
|
Affiliated Companies |
30.3
|
|
|
|
|
|
|
|
30.2
|
|
|
|
|
|
|
|
30.3
|
|
30.2
|
|
|
|
|
|
|
Accrued Taxes |
75.5
|
|
|
|
|
|
|
|
77.2
|
|
|
|
|
|
|
|
75.5
|
|
77.2
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
1,259.5
|
|
|
|
|
|
|
|
871.5
|
|
|
|
|
|
|
|
1,259.5
|
|
871.5
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
913.1
|
|
|
|
|
|
|
|
913.1
|
|
|
|
|
|
|
|
913.1
|
|
913.1
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
1,344.3
|
|
|
|
|
|
|
|
1,320.5
|
|
|
|
|
|
|
|
1,344.3
|
|
1,320.5
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
5,763.7
|
|
|
|
|
|
|
|
5,732.2
|
|
|
|
|
|
|
|
5,763.7
|
|
5,732.2
|
|
|
|
|
|
|
TOTAL LIABILITIES |
7,023.2
|
|
|
|
|
|
|
|
6,603.7
|
|
|
|
|
|
|
|
7,023.2
|
|
6,603.7
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
1,337.7
|
|
|
|
|
|
|
|
1,124.6
|
|
|
|
|
|
|
|
1,337.7
|
|
1,124.6
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
9,603.7
|
|
|
|
|
|
|
|
8,773.6
|
|
|
|
|
|
|
|
9,603.7
|
|
8,773.6
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
60.2
|
|
57.8
|
|
46.5
|
|
46.8
|
|
163.9
|
|
64.3
|
|
49.0
|
|
33.3
|
|
211.3
|
|
310.5
|
|
146.6
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
499.6
|
|
450.1
|
|
413.9
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(16.5)
|
|
63.3
|
|
29.5
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.0)
|
|
(6.8)
|
|
(9.2)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(35.4)
|
|
(49.4)
|
|
(44.1)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
44.9
|
|
8.8
|
|
(10.3)
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.9)
|
|
(23.5)
|
|
(22.6)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.3)
|
|
30.8
|
|
(3.0)
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5.6)
|
|
(31.3)
|
|
(22.6)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
2.0
|
|
|
|
|
|
|
|
|
|
2.0
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
3.1
|
|
|
|
|
|
|
|
2.0
|
|
|
|
|
|
|
|
3.1
|
|
2.0
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
494.0
|
|
749.6
|
|
199.2
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
266.1
|
|
323.1
|
|
428.7
|
|
|
|
|
Net Income (Loss) |
60.2
|
|
57.8
|
|
46.5
|
|
46.8
|
|
163.9
|
|
64.3
|
|
49.0
|
|
33.3
|
|
211.3
|
|
310.5
|
|
146.6
|
|
|
|
|
Retained Earnings |
$ 1,337.7
|
|
|
|
|
|
|
|
1,124.6
|
|
|
|
|
|
|
|
$ 1,337.7
|
|
1,124.6
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
AEP Texas Inc. [Member] | Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
AEP Transmission Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
0.0
|
|
$ 0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133.9
|
|
95.7
|
[3] |
65.9
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133.9
|
|
95.7
|
[3],[4] |
65.9
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
80.2
|
|
62.4
|
|
42.0
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(30.7)
|
|
(107.3)
|
|
(235.1)
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
345.0
|
|
485.0
|
|
298.3
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.2
|
|
0.0
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 345.0
|
|
$ 485.0
|
|
$ 298.3
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
$ 189.9
|
[5] |
194.4
|
[5] |
200.1
|
[5] |
191.7
|
[5] |
159.2
|
|
165.6
|
|
229.4
|
|
152.7
|
|
$ 776.1
|
|
$ 706.9
|
[4] |
$ 478.0
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133.9
|
|
95.7
|
[3],[4] |
65.9
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
366.0
|
|
274.0
|
|
197.9
|
|
|
|
|
OPERATING INCOME (LOSS) |
91.5
|
[5] |
97.0
|
[5] |
110.5
|
[5] |
111.1
|
[5] |
83.5
|
[2] |
93.6
|
[2] |
165.4
|
[2] |
90.4
|
[2] |
410.1
|
|
432.9
|
|
280.1
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
70.6
|
|
49.0
|
[4],[6] |
52.3
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(83.2)
|
|
(70.2)
|
[4] |
(46.0)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
400.0
|
|
412.9
|
|
286.8
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84.1
|
|
142.2
|
[4],[7] |
94.1
|
|
|
|
|
NET INCOME (LOSS) |
71.7
|
[5] |
78.1
|
[5] |
82.0
|
[5] |
84.1
|
[5] |
47.7
|
|
58.6
|
|
107.4
|
|
57.0
|
|
315.9
|
|
270.7
|
[4],[7] |
192.7
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
11.8
|
|
|
|
|
|
|
|
15.0
|
|
|
|
|
|
|
|
11.8
|
|
15.0
|
|
|
|
|
|
|
Total Accounts Receivable |
72.8
|
|
|
|
|
|
|
|
109.5
|
|
|
|
|
|
|
|
72.8
|
|
109.5
|
|
|
|
|
|
|
Accrued Tax Benefits |
33.4
|
|
|
|
|
|
|
|
49.4
|
|
|
|
|
|
|
|
33.4
|
|
49.4
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
225.5
|
|
|
|
|
|
|
|
326.4
|
|
|
|
|
|
|
|
225.5
|
|
326.4
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
6,515.8
|
|
|
|
|
|
|
|
5,319.7
|
|
|
|
|
|
|
|
6,515.8
|
|
5,319.7
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
174.0
|
|
|
|
|
|
|
|
126.8
|
|
|
|
|
|
|
|
174.0
|
|
126.8
|
|
|
|
|
|
|
Construction Work in Progress |
1,578.3
|
|
|
|
|
|
|
|
1,324.0
|
|
|
|
|
|
|
|
1,578.3
|
|
1,324.0
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
8,268.1
|
|
|
|
|
|
|
|
6,770.5
|
[4] |
|
|
|
|
|
|
8,268.1
|
|
6,770.5
|
[4] |
|
|
|
|
|
Accumulated Depreciation and Amortization |
271.9
|
|
|
|
|
|
|
|
152.6
|
[4] |
|
|
|
|
|
|
271.9
|
|
152.6
|
[4] |
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
7,996.2
|
|
|
|
|
|
|
|
6,617.9
|
[4],[8] |
|
|
|
|
|
|
7,996.2
|
|
6,617.9
|
[4],[8] |
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Property Taxes |
157.9
|
|
|
|
|
|
|
|
125.0
|
|
|
|
|
|
|
|
157.9
|
|
125.0
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
172.4
|
|
|
|
|
|
|
|
137.8
|
|
|
|
|
|
|
|
172.4
|
|
137.8
|
|
|
|
|
|
|
TOTAL ASSETS |
8,394.1
|
|
|
|
|
|
|
|
7,082.1
|
[4] |
|
|
|
|
|
|
8,394.1
|
|
7,082.1
|
[4] |
5,349.8
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
347.2
|
|
|
|
|
|
|
|
484.5
|
|
|
|
|
|
|
|
347.2
|
|
484.5
|
|
|
|
|
|
|
Affiliated Companies |
56.0
|
|
|
|
|
|
|
|
66.1
|
|
|
|
|
|
|
|
56.0
|
|
66.1
|
|
|
|
|
|
|
Accrued Taxes |
288.9
|
|
|
|
|
|
|
|
231.5
|
|
|
|
|
|
|
|
288.9
|
|
231.5
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
842.2
|
|
|
|
|
|
|
|
866.9
|
|
|
|
|
|
|
|
842.2
|
|
866.9
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
704.4
|
|
|
|
|
|
|
|
600.4
|
|
|
|
|
|
|
|
704.4
|
|
600.4
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
521.3
|
|
|
|
|
|
|
|
493.8
|
|
|
|
|
|
|
|
521.3
|
|
493.8
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
3,982.1
|
|
|
|
|
|
|
|
3,625.3
|
|
|
|
|
|
|
|
3,982.1
|
|
3,625.3
|
|
|
|
|
|
|
TOTAL LIABILITIES |
4,824.3
|
|
|
|
|
|
|
|
4,492.2
|
|
|
|
|
|
|
|
4,824.3
|
|
4,492.2
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
1,089.2
|
|
|
|
|
|
|
|
773.3
|
|
|
|
|
|
|
|
1,089.2
|
|
773.3
|
|
|
|
|
|
|
TOTAL MEMBER'S EQUITY |
3,569.8
|
|
|
|
|
|
|
|
2,589.9
|
|
|
|
|
|
|
|
3,569.8
|
|
2,589.9
|
|
1,957.6
|
|
|
|
1,552.9
|
TOTAL LIABILITIES AND EQUITY |
8,394.1
|
|
|
|
|
|
|
|
7,082.1
|
|
|
|
|
|
|
|
8,394.1
|
|
7,082.1
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
71.7
|
[5] |
78.1
|
[5] |
82.0
|
[5] |
84.1
|
[5] |
47.7
|
|
58.6
|
|
107.4
|
|
57.0
|
|
315.9
|
|
270.7
|
[4],[7] |
192.7
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
133.9
|
|
95.7
|
[3],[4] |
65.9
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98.9
|
|
271.5
|
|
223.1
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(70.6)
|
|
(49.0)
|
[4],[6] |
(52.3)
|
|
|
|
|
Amortization of Deferred Property Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(32.9)
|
|
(22.8)
|
|
(15.3)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14.6
|
|
11.0
|
|
(2.8)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17.4
|
|
27.5
|
|
4.4
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
36.7
|
|
(30.4)
|
|
(22.6)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(7.5)
|
|
23.0
|
|
14.3
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73.4
|
|
16.3
|
|
143.8
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
548.6
|
|
604.8
|
|
548.9
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,513.3)
|
|
(1,595.6)
|
|
(1,135.0)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
964.7
|
|
990.8
|
|
586.1
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
0.0
|
|
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
321.0
|
|
617.6
|
|
686.9
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50.0
|
|
0.0
|
|
300.0
|
|
|
|
|
Net Income (Loss) |
71.7
|
[5] |
78.1
|
[5] |
82.0
|
[5] |
84.1
|
[5] |
47.7
|
|
58.6
|
|
107.4
|
|
57.0
|
|
315.9
|
|
270.7
|
[4],[7] |
192.7
|
|
|
|
|
Retained Earnings |
1,089.2
|
|
|
|
|
|
|
|
773.3
|
|
|
|
|
|
|
|
1,089.2
|
|
773.3
|
|
|
|
|
|
|
Appalachian Power Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
2.9
|
|
|
|
|
|
|
|
|
|
2.9
|
|
|
|
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
428.1
|
|
407.6
|
|
387.6
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.3
|
|
0.3
|
|
0.9
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
428.4
|
|
407.9
|
|
388.5
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
182.0
|
|
183.6
|
|
181.8
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.0)
|
|
31.2
|
|
22.1
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
134.4
|
|
126.3
|
|
151.6
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.5
|
|
3.5
|
|
6.1
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
134.4
|
|
126.3
|
|
151.6
|
|
|
|
|
Restricted Cash |
25.6
|
|
|
|
|
|
|
|
16.3
|
|
|
|
|
|
|
|
25.6
|
|
16.3
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
29.8
|
|
|
|
|
|
|
|
19.2
|
|
|
|
|
|
|
|
$ 29.8
|
|
$ 19.2
|
|
$ 18.5
|
|
|
|
17.6
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
718.1
|
|
762.0
|
|
667.0
|
|
820.4
|
|
746.8
|
|
719.3
|
|
675.3
|
|
792.8
|
|
$ 2,967.5
|
|
$ 2,934.2
|
|
$ 3,001.2
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
428.4
|
|
407.9
|
|
388.5
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,484.0
|
|
2,243.9
|
|
2,262.9
|
|
|
|
|
OPERATING INCOME (LOSS) |
108.1
|
|
49.8
|
|
132.6
|
|
193.0
|
|
173.6
|
[2] |
171.7
|
[2] |
126.1
|
[2] |
218.9
|
[2] |
483.5
|
|
690.3
|
|
738.3
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13.2
|
|
9.2
|
|
11.7
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(194.8)
|
|
(190.9)
|
|
(188.5)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
322.9
|
|
516.6
|
|
568.2
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(44.9)
|
|
185.3
|
|
199.1
|
|
|
|
|
NET INCOME (LOSS) |
77.8
|
|
87.1
|
|
77.4
|
|
125.5
|
|
82.6
|
|
86.0
|
|
52.1
|
|
110.6
|
|
367.8
|
|
331.3
|
|
369.1
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
146.5
|
|
|
|
|
|
|
|
123.1
|
|
|
|
|
|
|
|
146.5
|
|
123.1
|
|
|
|
|
|
|
Total Accounts Receivable |
283.4
|
|
|
|
|
|
|
|
263.9
|
|
|
|
|
|
|
|
283.4
|
|
263.9
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
698.7
|
|
|
|
|
|
|
|
636.2
|
|
|
|
|
|
|
|
698.7
|
|
636.2
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
3,317.7
|
|
|
|
|
|
|
|
3,019.9
|
|
|
|
|
|
|
|
3,317.7
|
|
3,019.9
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
485.8
|
|
|
|
|
|
|
|
427.9
|
|
|
|
|
|
|
|
485.8
|
|
427.9
|
|
|
|
|
|
|
Construction Work in Progress |
490.2
|
|
|
|
|
|
|
|
483.0
|
|
|
|
|
|
|
|
490.2
|
|
483.0
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
14,792.7
|
|
|
|
|
|
|
|
14,141.5
|
|
|
|
|
|
|
|
14,792.7
|
|
14,141.5
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
4,124.4
|
|
|
|
|
|
|
|
3,896.4
|
|
|
|
|
|
|
|
4,124.4
|
|
3,896.4
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
10,668.3
|
|
|
|
|
|
|
|
10,245.1
|
|
|
|
|
|
|
|
10,668.3
|
|
10,245.1
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
923.5
|
|
|
|
|
|
|
|
1,047.3
|
|
|
|
|
|
|
|
923.5
|
|
1,047.3
|
|
|
|
|
|
|
TOTAL ASSETS |
12,290.5
|
|
|
|
|
|
|
|
11,928.6
|
|
|
|
|
|
|
|
12,290.5
|
|
11,928.6
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
263.8
|
|
|
|
|
|
|
|
264.9
|
|
|
|
|
|
|
|
263.8
|
|
264.9
|
|
|
|
|
|
|
Affiliated Companies |
84.0
|
|
|
|
|
|
|
|
92.7
|
|
|
|
|
|
|
|
84.0
|
|
92.7
|
|
|
|
|
|
|
Accrued Taxes |
89.3
|
|
|
|
|
|
|
|
94.5
|
|
|
|
|
|
|
|
89.3
|
|
94.5
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
1,354.0
|
|
|
|
|
|
|
|
1,124.2
|
|
|
|
|
|
|
|
1,354.0
|
|
1,124.2
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
1,625.8
|
|
|
|
|
|
|
|
1,565.7
|
|
|
|
|
|
|
|
1,625.8
|
|
1,565.7
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
1,449.7
|
|
|
|
|
|
|
|
1,454.9
|
|
|
|
|
|
|
|
1,449.7
|
|
1,454.9
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
6,930.4
|
|
|
|
|
|
|
|
6,999.9
|
|
|
|
|
|
|
|
6,930.4
|
|
6,999.9
|
|
|
|
|
|
|
TOTAL LIABILITIES |
8,284.4
|
|
|
|
|
|
|
|
8,124.1
|
|
|
|
|
|
|
|
8,284.4
|
|
8,124.1
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
1,922.0
|
|
|
|
|
|
|
|
1,714.1
|
|
|
|
|
|
|
|
1,922.0
|
|
1,714.1
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
12,290.5
|
|
|
|
|
|
|
|
11,928.6
|
|
|
|
|
|
|
|
12,290.5
|
|
11,928.6
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
77.8
|
|
87.1
|
|
77.4
|
|
125.5
|
|
82.6
|
|
86.0
|
|
52.1
|
|
110.6
|
|
367.8
|
|
331.3
|
|
369.1
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
428.4
|
|
407.9
|
|
388.5
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(16.8)
|
|
171.5
|
|
130.7
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.2)
|
|
(9.2)
|
|
(11.7)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.4
|
|
12.8
|
|
3.4
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(4.8)
|
|
11.9
|
|
(26.1)
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.6
|
|
(28.0)
|
|
(48.0)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.3)
|
|
37.5
|
|
19.5
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.2)
|
|
(12.7)
|
|
53.7
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
846.6
|
|
880.0
|
|
894.7
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(769.4)
|
|
(802.3)
|
|
(631.9)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(66.6)
|
|
(77.0)
|
|
(261.9)
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
2.9
|
|
|
|
|
|
|
|
|
|
2.9
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
4.2
|
|
|
|
|
|
|
|
2.9
|
|
|
|
|
|
|
|
4.2
|
|
2.9
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
203.2
|
|
320.9
|
|
314.0
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
124.0
|
|
377.9
|
|
213.6
|
|
|
|
|
Net Income (Loss) |
77.8
|
|
87.1
|
|
77.4
|
|
125.5
|
|
82.6
|
|
86.0
|
|
52.1
|
|
110.6
|
|
367.8
|
|
331.3
|
|
369.1
|
|
|
|
|
Retained Earnings |
$ 1,922.0
|
|
|
|
|
|
|
|
1,714.1
|
|
|
|
|
|
|
|
$ 1,922.0
|
|
1,714.1
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Appalachian Power Co [Member] | Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
1.3
|
|
|
|
|
|
|
|
1.2
|
|
$ 1.3
|
|
1.2
|
|
1.1
|
|
|
|
|
AEP Consolidated Revenues - Other Revenues: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ohio Valley Electric Corporation - Barging and Other Transportation Services (43.47% Owned) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
63.4
|
|
62.6
|
|
62.1
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
278.9
|
|
203.1
|
|
183.9
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
14.2
|
|
7.8
|
|
7.8
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
293.1
|
|
210.9
|
|
191.7
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
116.9
|
|
94.8
|
|
83.3
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
32.6
|
|
(89.9)
|
|
(39.5)
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93.0
|
|
88.5
|
|
106.2
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.8
|
|
7.1
|
|
18.2
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
93.0
|
|
88.5
|
|
106.2
|
|
|
|
|
Acquisition of Nuclear Fuel Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.0
|
|
0.0
|
|
2.1
|
|
|
|
|
Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 2.2
|
|
$ 2.6
|
|
$ 0.7
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
$ 574.5
|
|
629.7
|
|
589.7
|
|
576.8
|
|
535.7
|
|
557.7
|
|
467.3
|
|
560.5
|
|
$ 2,370.7
|
|
$ 2,121.2
|
|
$ 2,167.6
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
293.1
|
|
210.9
|
|
191.7
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,993.5
|
|
1,774.0
|
|
1,793.3
|
|
|
|
|
OPERATING INCOME (LOSS) |
52.2
|
|
110.2
|
|
117.4
|
|
97.4
|
|
82.8
|
[2] |
113.6
|
[2] |
33.6
|
[2] |
117.2
|
[2] |
377.2
|
|
347.2
|
|
374.3
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.9
|
|
11.1
|
|
15.3
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(124.1)
|
|
(110.8)
|
|
(100.8)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
290.4
|
|
268.1
|
|
307.4
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29.1
|
|
81.4
|
|
67.5
|
|
|
|
|
NET INCOME (LOSS) |
29.7
|
|
72.7
|
|
94.7
|
|
64.2
|
|
42.9
|
|
64.9
|
|
10.5
|
|
68.4
|
|
261.3
|
|
186.7
|
|
239.9
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
63.1
|
|
|
|
|
|
|
|
56.4
|
|
|
|
|
|
|
|
63.1
|
|
56.4
|
|
|
|
|
|
|
Total Accounts Receivable |
143.0
|
|
|
|
|
|
|
|
115.6
|
|
|
|
|
|
|
|
143.0
|
|
115.6
|
|
|
|
|
|
|
Accrued Tax Benefits |
26.6
|
|
|
|
|
|
|
|
58.4
|
|
|
|
|
|
|
|
26.6
|
|
58.4
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
430.4
|
|
|
|
|
|
|
|
434.0
|
|
|
|
|
|
|
|
430.4
|
|
434.0
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
1,576.8
|
|
|
|
|
|
|
|
1,504.0
|
|
|
|
|
|
|
|
1,576.8
|
|
1,504.0
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
583.8
|
|
|
|
|
|
|
|
595.2
|
|
|
|
|
|
|
|
583.8
|
|
595.2
|
|
|
|
|
|
|
Construction Work in Progress |
465.3
|
|
|
|
|
|
|
|
460.2
|
|
|
|
|
|
|
|
465.3
|
|
460.2
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
9,762.8
|
|
|
|
|
|
|
|
9,074.6
|
|
|
|
|
|
|
|
9,762.8
|
|
9,074.6
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
3,151.6
|
|
|
|
|
|
|
|
3,024.2
|
|
|
|
|
|
|
|
3,151.6
|
|
3,024.2
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
6,611.2
|
|
|
|
|
|
|
|
6,050.4
|
|
|
|
|
|
|
|
6,611.2
|
|
6,050.4
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
3,181.0
|
|
|
|
|
|
|
|
3,287.6
|
|
|
|
|
|
|
|
3,181.0
|
|
3,287.6
|
|
|
|
|
|
|
TOTAL ASSETS |
10,222.6
|
|
|
|
|
|
|
|
9,772.0
|
|
|
|
|
|
|
|
10,222.6
|
|
9,772.0
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
174.7
|
|
|
|
|
|
|
|
154.5
|
|
|
|
|
|
|
|
174.7
|
|
154.5
|
|
|
|
|
|
|
Affiliated Companies |
70.2
|
|
|
|
|
|
|
|
98.3
|
|
|
|
|
|
|
|
70.2
|
|
98.3
|
|
|
|
|
|
|
Accrued Taxes |
90.7
|
|
|
|
|
|
|
|
81.3
|
|
|
|
|
|
|
|
90.7
|
|
81.3
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
698.1
|
|
|
|
|
|
|
|
1,211.3
|
|
|
|
|
|
|
|
698.1
|
|
1,211.3
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
948.0
|
|
|
|
|
|
|
|
953.8
|
|
|
|
|
|
|
|
948.0
|
|
953.8
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
1,574.5
|
|
|
|
|
|
|
|
1,708.7
|
|
|
|
|
|
|
|
1,574.5
|
|
1,708.7
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
7,171.7
|
|
|
|
|
|
|
|
6,343.1
|
|
|
|
|
|
|
|
7,171.7
|
|
6,343.1
|
|
|
|
|
|
|
TOTAL LIABILITIES |
7,869.8
|
|
|
|
|
|
|
|
7,554.4
|
|
|
|
|
|
|
|
7,869.8
|
|
7,554.4
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
1,329.1
|
|
|
|
|
|
|
|
1,192.2
|
|
|
|
|
|
|
|
1,329.1
|
|
1,192.2
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
10,222.6
|
|
|
|
|
|
|
|
9,772.0
|
|
|
|
|
|
|
|
10,222.6
|
|
9,772.0
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
29.7
|
|
72.7
|
|
94.7
|
|
64.2
|
|
42.9
|
|
64.9
|
|
10.5
|
|
68.4
|
|
261.3
|
|
186.7
|
|
239.9
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
293.1
|
|
210.9
|
|
191.7
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(42.9)
|
|
200.7
|
|
105.1
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(11.9)
|
|
(11.1)
|
|
(15.3)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(32.6)
|
|
(88.4)
|
|
(56.4)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
72.1
|
|
37.4
|
|
58.2
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.8
|
|
(1.1)
|
|
0.5
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14.1)
|
|
17.6
|
|
11.6
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
41.2
|
|
(16.6)
|
|
6.0
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
725.7
|
|
661.3
|
|
529.7
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(654.8)
|
|
(790.9)
|
|
(760.1)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(69.8)
|
|
129.7
|
|
230.5
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.1
|
|
0.1
|
|
0.1
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
1.3
|
|
|
|
|
|
|
|
1.2
|
|
1.3
|
|
1.2
|
|
1.1
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
2.4
|
|
|
|
|
|
|
|
1.3
|
|
|
|
|
|
|
|
2.4
|
|
1.3
|
|
1.2
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,168.1
|
|
530.1
|
|
569.4
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
884.9
|
|
260.7
|
|
100.2
|
|
|
|
|
Net Income (Loss) |
29.7
|
|
72.7
|
|
94.7
|
|
64.2
|
|
42.9
|
|
64.9
|
|
10.5
|
|
68.4
|
|
261.3
|
|
186.7
|
|
239.9
|
|
|
|
|
Retained Earnings |
$ 1,329.1
|
|
|
|
|
|
|
|
1,192.2
|
|
|
|
|
|
|
|
$ 1,329.1
|
|
1,192.2
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Indiana Michigan Power Co [Member] | Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
3.1
|
|
|
|
|
|
|
|
|
|
$ 3.1
|
|
|
|
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
232.6
|
|
200.9
|
|
202.3
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47.9
|
|
44.4
|
|
44.3
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.8)
|
|
(19.4)
|
|
(8.0)
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
259.7
|
|
225.9
|
|
238.6
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
97.1
|
|
100.0
|
|
109.9
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
51.3
|
|
48.5
|
|
220.4
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98.2
|
|
87.8
|
|
44.6
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.4
|
|
4.5
|
|
3.4
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
98.2
|
|
87.8
|
|
44.6
|
|
|
|
|
Restricted Cash |
$ 27.6
|
|
|
|
|
|
|
|
26.6
|
|
|
|
|
|
|
|
27.6
|
|
26.6
|
|
|
|
|
|
|
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents |
32.5
|
|
|
|
|
|
|
|
29.7
|
|
|
|
|
|
|
|
$ 32.5
|
|
$ 29.7
|
|
$ 30.3
|
|
|
|
$ 30.8
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
745.4
|
|
778.3
|
|
748.8
|
|
790.9
|
|
731.9
|
|
742.0
|
|
663.9
|
|
746.1
|
|
$ 3,063.4
|
|
$ 2,883.9
|
|
$ 2,953.9
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
259.7
|
|
225.9
|
|
238.6
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,643.6
|
|
2,318.2
|
|
2,449.8
|
|
|
|
|
OPERATING INCOME (LOSS) |
118.2
|
|
79.9
|
|
104.4
|
|
117.3
|
|
144.2
|
[2] |
153.4
|
[2] |
118.5
|
[2] |
149.6
|
[2] |
419.8
|
|
565.7
|
|
504.1
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.8
|
|
6.4
|
|
6.0
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(100.7)
|
|
(101.9)
|
|
(112.2)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
349.5
|
|
483.2
|
|
426.0
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24.0
|
|
159.3
|
|
143.8
|
|
|
|
|
NET INCOME (LOSS) |
88.4
|
|
88.7
|
|
68.8
|
|
79.6
|
|
92.8
|
|
82.6
|
|
62.3
|
|
86.2
|
|
325.5
|
|
323.9
|
|
282.2
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
111.1
|
|
|
|
|
|
|
|
67.8
|
|
|
|
|
|
|
|
111.1
|
|
67.8
|
|
|
|
|
|
|
Total Accounts Receivable |
202.6
|
|
|
|
|
|
|
|
169.0
|
|
|
|
|
|
|
|
202.6
|
|
169.0
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
319.6
|
|
|
|
|
|
|
|
397.9
|
|
|
|
|
|
|
|
319.6
|
|
397.9
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
2,544.3
|
|
|
|
|
|
|
|
2,419.2
|
|
|
|
|
|
|
|
2,544.3
|
|
2,419.2
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
574.8
|
|
|
|
|
|
|
|
495.9
|
|
|
|
|
|
|
|
574.8
|
|
495.9
|
|
|
|
|
|
|
Construction Work in Progress |
432.1
|
|
|
|
|
|
|
|
410.1
|
|
|
|
|
|
|
|
432.1
|
|
410.1
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
8,493.5
|
|
|
|
|
|
|
|
7,951.6
|
|
|
|
|
|
|
|
8,493.5
|
|
7,951.6
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
2,218.6
|
|
|
|
|
|
|
|
2,184.8
|
|
|
|
|
|
|
|
2,218.6
|
|
2,184.8
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
6,274.9
|
|
|
|
|
|
|
|
5,766.8
|
|
|
|
|
|
|
|
6,274.9
|
|
5,766.8
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
841.4
|
|
|
|
|
|
|
|
1,097.0
|
|
|
|
|
|
|
|
841.4
|
|
1,097.0
|
|
|
|
|
|
|
TOTAL ASSETS |
7,435.9
|
|
|
|
|
|
|
|
7,261.7
|
|
|
|
|
|
|
|
7,435.9
|
|
7,261.7
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
211.9
|
|
|
|
|
|
|
|
205.8
|
|
|
|
|
|
|
|
211.9
|
|
205.8
|
|
|
|
|
|
|
Affiliated Companies |
102.9
|
|
|
|
|
|
|
|
118.2
|
|
|
|
|
|
|
|
102.9
|
|
118.2
|
|
|
|
|
|
|
Accrued Taxes |
537.8
|
|
|
|
|
|
|
|
512.5
|
|
|
|
|
|
|
|
537.8
|
|
512.5
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
1,347.7
|
|
|
|
|
|
|
|
1,593.8
|
|
|
|
|
|
|
|
1,347.7
|
|
1,593.8
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
763.3
|
|
|
|
|
|
|
|
762.9
|
|
|
|
|
|
|
|
763.3
|
|
762.9
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
1,221.2
|
|
|
|
|
|
|
|
1,100.2
|
|
|
|
|
|
|
|
1,221.2
|
|
1,100.2
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
3,790.8
|
|
|
|
|
|
|
|
3,357.6
|
|
|
|
|
|
|
|
3,790.8
|
|
3,357.6
|
|
|
|
|
|
|
TOTAL LIABILITIES |
5,138.5
|
|
|
|
|
|
|
|
4,951.4
|
|
|
|
|
|
|
|
5,138.5
|
|
4,951.4
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
1,136.4
|
|
|
|
|
|
|
|
1,148.4
|
|
|
|
|
|
|
|
1,136.4
|
|
1,148.4
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
7,435.9
|
|
|
|
|
|
|
|
7,261.7
|
|
|
|
|
|
|
|
7,435.9
|
|
7,261.7
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
88.4
|
|
88.7
|
|
68.8
|
|
79.6
|
|
92.8
|
|
82.6
|
|
62.3
|
|
86.2
|
|
325.5
|
|
323.9
|
|
282.2
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
259.7
|
|
225.9
|
|
238.6
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(36.2)
|
|
147.9
|
|
(39.2)
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9.8)
|
|
(6.4)
|
|
(6.0)
|
|
|
|
|
Amortization of Deferred Property Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(12.5)
|
|
(17.9)
|
|
(9.8)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9.8)
|
|
(51.1)
|
|
(44.6)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53.8
|
|
15.8
|
|
31.0
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
43.1
|
|
(30.1)
|
|
(26.6)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13.8)
|
|
11.6
|
|
13.7
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26.8
|
|
(9.4)
|
|
(6.0)
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,028.7
|
|
622.2
|
|
646.3
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(707.5)
|
|
(530.9)
|
|
(97.3)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(318.4)
|
|
(91.9)
|
|
(549.5)
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
3.1
|
|
|
|
|
|
|
|
|
|
3.1
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
4.9
|
|
|
|
|
|
|
|
3.1
|
|
|
|
|
|
|
|
4.9
|
|
3.1
|
|
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
392.8
|
|
0.0
|
|
0.0
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
397.1
|
|
46.4
|
|
395.9
|
|
|
|
|
Net Income (Loss) |
88.4
|
|
88.7
|
|
68.8
|
|
79.6
|
|
92.8
|
|
82.6
|
|
62.3
|
|
86.2
|
|
325.5
|
|
323.9
|
|
282.2
|
|
|
|
|
Retained Earnings |
$ 1,136.4
|
|
|
|
|
|
|
|
1,148.4
|
|
|
|
|
|
|
|
$ 1,136.4
|
|
1,148.4
|
|
|
|
|
|
|
Ohio Power Co [Member] | Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] | Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] | Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] | Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] | Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] | Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Ohio Power Co [Member] | Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
1.6
|
|
|
|
|
|
|
|
1.5
|
|
$ 1.6
|
|
1.5
|
|
1.4
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155.5
|
|
131.4
|
|
122.6
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8.5
|
|
(1.0)
|
|
7.6
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164.0
|
|
130.4
|
|
130.2
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
62.0
|
|
61.5
|
|
60.1
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17.9
|
|
(72.6)
|
|
(37.7)
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
33.2
|
|
23.1
|
|
33.6
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4.3
|
|
2.1
|
|
3.1
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 33.2
|
|
$ 23.1
|
|
$ 33.6
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
$ 330.8
|
|
481.4
|
|
398.3
|
|
336.8
|
|
335.6
|
|
442.8
|
|
344.7
|
|
304.1
|
|
$ 1,547.3
|
|
$ 1,427.2
|
|
$ 1,249.8
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164.0
|
|
130.4
|
|
130.2
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,404.8
|
|
1,255.7
|
|
1,054.2
|
|
|
|
|
OPERATING INCOME (LOSS) |
2.9
|
|
78.5
|
|
57.2
|
|
3.9
|
|
20.4
|
[2] |
85.9
|
[2] |
45.3
|
[2] |
19.9
|
[2] |
142.5
|
|
171.5
|
|
195.6
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.4
|
|
0.5
|
|
6.2
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(63.5)
|
|
(53.4)
|
|
(51.2)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
88.2
|
|
122.1
|
|
154.4
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.0
|
|
50.1
|
|
54.4
|
|
|
|
|
NET INCOME (LOSS) |
(6.6)
|
|
60.4
|
|
36.6
|
|
(7.2)
|
|
0.6
|
|
46.2
|
|
20.4
|
|
4.8
|
|
83.2
|
|
72.0
|
|
100.0
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
32.5
|
|
|
|
|
|
|
|
32.5
|
|
|
|
|
|
|
|
32.5
|
|
32.5
|
|
|
|
|
|
|
Total Accounts Receivable |
64.3
|
|
|
|
|
|
|
|
69.4
|
|
|
|
|
|
|
|
64.3
|
|
69.4
|
|
|
|
|
|
|
Accrued Tax Benefits |
14.7
|
|
|
|
|
|
|
|
28.1
|
|
|
|
|
|
|
|
14.7
|
|
28.1
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
157.9
|
|
|
|
|
|
|
|
205.3
|
|
|
|
|
|
|
|
157.9
|
|
205.3
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
892.3
|
|
|
|
|
|
|
|
858.8
|
|
|
|
|
|
|
|
892.3
|
|
858.8
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
303.5
|
|
|
|
|
|
|
|
287.4
|
|
|
|
|
|
|
|
303.5
|
|
287.4
|
|
|
|
|
|
|
Construction Work in Progress |
94.0
|
|
|
|
|
|
|
|
111.3
|
|
|
|
|
|
|
|
94.0
|
|
111.3
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
5,439.6
|
|
|
|
|
|
|
|
5,279.8
|
|
|
|
|
|
|
|
5,439.6
|
|
5,279.8
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
1,472.9
|
|
|
|
|
|
|
|
1,393.6
|
|
|
|
|
|
|
|
1,472.9
|
|
1,393.6
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
3,966.7
|
|
|
|
|
|
|
|
3,886.2
|
|
|
|
|
|
|
|
3,966.7
|
|
3,886.2
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
407.8
|
|
|
|
|
|
|
|
416.8
|
|
|
|
|
|
|
|
407.8
|
|
416.8
|
|
|
|
|
|
|
TOTAL ASSETS |
4,532.4
|
|
|
|
|
|
|
|
4,508.3
|
|
|
|
|
|
|
|
4,532.4
|
|
4,508.3
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
126.9
|
|
|
|
|
|
|
|
102.4
|
|
|
|
|
|
|
|
126.9
|
|
102.4
|
|
|
|
|
|
|
Affiliated Companies |
47.1
|
|
|
|
|
|
|
|
48.0
|
|
|
|
|
|
|
|
47.1
|
|
48.0
|
|
|
|
|
|
|
Accrued Taxes |
22.4
|
|
|
|
|
|
|
|
22.6
|
|
|
|
|
|
|
|
22.4
|
|
22.6
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
821.6
|
|
|
|
|
|
|
|
436.0
|
|
|
|
|
|
|
|
821.6
|
|
436.0
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
607.8
|
|
|
|
|
|
|
|
642.0
|
|
|
|
|
|
|
|
607.8
|
|
642.0
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
864.7
|
|
|
|
|
|
|
|
853.5
|
|
|
|
|
|
|
|
864.7
|
|
853.5
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
2,462.8
|
|
|
|
|
|
|
|
2,857.0
|
|
|
|
|
|
|
|
2,462.8
|
|
2,857.0
|
|
|
|
|
|
|
TOTAL LIABILITIES |
3,284.4
|
|
|
|
|
|
|
|
3,293.0
|
|
|
|
|
|
|
|
3,284.4
|
|
3,293.0
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
724.7
|
|
|
|
|
|
|
|
691.5
|
|
|
|
|
|
|
|
724.7
|
|
691.5
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
4,532.4
|
|
|
|
|
|
|
|
4,508.3
|
|
|
|
|
|
|
|
4,532.4
|
|
4,508.3
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
(6.6)
|
|
60.4
|
|
36.6
|
|
(7.2)
|
|
0.6
|
|
46.2
|
|
20.4
|
|
4.8
|
|
83.2
|
|
72.0
|
|
100.0
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164.0
|
|
130.4
|
|
130.2
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(31.1)
|
|
124.7
|
|
82.5
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(0.4)
|
|
(0.5)
|
|
(6.2)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
(27.2)
|
|
(35.9)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17.6
|
|
4.5
|
|
(0.1)
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5.1
|
|
(10.9)
|
|
(9.0)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17.7
|
|
(10.7)
|
|
25.7
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13.2
|
|
0.8
|
|
7.4
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
330.5
|
|
238.1
|
|
217.2
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(233.0)
|
|
(261.5)
|
|
(259.5)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(97.1)
|
|
23.5
|
|
42.4
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.4
|
|
0.1
|
|
0.1
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
1.6
|
|
|
|
|
|
|
|
1.5
|
|
1.6
|
|
1.5
|
|
1.4
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
2.0
|
|
|
|
|
|
|
|
1.6
|
|
|
|
|
|
|
|
2.0
|
|
1.6
|
|
1.5
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
274.2
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.5
|
|
0.5
|
|
275.4
|
|
|
|
|
Net Income (Loss) |
(6.6)
|
|
60.4
|
|
36.6
|
|
(7.2)
|
|
0.6
|
|
46.2
|
|
20.4
|
|
4.8
|
|
83.2
|
|
72.0
|
|
100.0
|
|
|
|
|
Retained Earnings |
$ 724.7
|
|
|
|
|
|
|
|
691.5
|
|
|
|
|
|
|
|
$ 724.7
|
|
691.5
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Public Service Co Of Oklahoma [Member] | Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
1.6
|
|
|
|
|
|
|
|
10.3
|
|
$ 1.6
|
|
10.3
|
|
5.2
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization of Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
237.0
|
|
217.2
|
|
196.6
|
|
|
|
|
Amortization of Certain Securitized Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
Amortization of Regulatory Assets and Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.5
|
|
0.2
|
|
(0.1)
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
239.5
|
|
217.4
|
|
196.5
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
125.7
|
|
124.4
|
|
118.0
|
|
|
|
|
Income Taxes Paid, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18.8
|
|
(75.3)
|
|
(32.0)
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
42.0
|
|
71.2
|
|
41.8
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital Lease Obligations Incurred |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3.6
|
|
3.3
|
|
5.9
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 42.0
|
|
$ 71.2
|
|
$ 41.8
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.00%
|
|
10.00%
|
|
10.00%
|
|
|
|
|
Amounts Attributable to AEP Common Shareholders |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) Attributable to Noncontrolling Interests |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 5.0
|
|
$ 12.8
|
|
$ 4.1
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
$ 410.1
|
|
535.3
|
|
457.1
|
|
419.4
|
|
436.3
|
|
517.6
|
|
424.7
|
|
401.3
|
|
1,821.9
|
|
1,779.9
|
|
1,748.0
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
239.5
|
|
217.4
|
|
196.5
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,544.2
|
|
1,475.9
|
|
1,430.6
|
|
|
|
|
OPERATING INCOME (LOSS) |
38.5
|
|
127.1
|
|
70.5
|
|
41.6
|
|
41.1
|
[2] |
136.0
|
[2] |
74.1
|
[2] |
52.8
|
[2] |
277.7
|
|
304.0
|
|
317.4
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.0
|
|
2.4
|
|
11.0
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(127.9)
|
|
(123.4)
|
|
(119.7)
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
169.9
|
|
189.4
|
|
213.9
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
20.4
|
|
48.1
|
|
52.1
|
|
|
|
|
NET INCOME (LOSS) |
10.5
|
|
89.6
|
|
38.7
|
|
13.4
|
|
11.0
|
|
84.1
|
|
25.1
|
|
17.3
|
|
152.2
|
|
137.5
|
|
169.7
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
24.5
|
|
|
|
|
|
|
|
70.9
|
|
|
|
|
|
|
|
24.5
|
|
70.9
|
|
|
|
|
|
|
Total Accounts Receivable |
72.8
|
|
|
|
|
|
|
|
125.6
|
|
|
|
|
|
|
|
72.8
|
|
125.6
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
414.5
|
|
|
|
|
|
|
|
380.4
|
|
|
|
|
|
|
|
414.5
|
|
380.4
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
1,866.9
|
|
|
|
|
|
|
|
1,679.8
|
|
|
|
|
|
|
|
1,866.9
|
|
1,679.8
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
762.7
|
|
|
|
|
|
|
|
684.1
|
|
|
|
|
|
|
|
762.7
|
|
684.1
|
|
|
|
|
|
|
Construction Work in Progress |
199.3
|
|
|
|
|
|
|
|
233.2
|
|
|
|
|
|
|
|
199.3
|
|
233.2
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
9,680.1
|
|
|
|
|
|
|
|
9,317.8
|
|
|
|
|
|
|
|
9,680.1
|
|
9,317.8
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
2,808.3
|
|
|
|
|
|
|
|
2,685.8
|
|
|
|
|
|
|
|
2,808.3
|
|
2,685.8
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
6,871.8
|
|
|
|
|
|
|
|
6,632.0
|
|
|
|
|
|
|
|
6,871.8
|
|
6,632.0
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
342.0
|
|
|
|
|
|
|
|
330.5
|
|
|
|
|
|
|
|
342.0
|
|
330.5
|
|
|
|
|
|
|
TOTAL ASSETS |
7,628.3
|
|
|
|
|
|
|
|
7,342.9
|
|
|
|
|
|
|
|
7,628.3
|
|
7,342.9
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
129.1
|
|
|
|
|
|
|
|
160.4
|
|
|
|
|
|
|
|
129.1
|
|
160.4
|
|
|
|
|
|
|
Affiliated Companies |
64.2
|
|
|
|
|
|
|
|
63.7
|
|
|
|
|
|
|
|
64.2
|
|
63.7
|
|
|
|
|
|
|
Accrued Taxes |
42.8
|
|
|
|
|
|
|
|
39.0
|
|
|
|
|
|
|
|
42.8
|
|
39.0
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
512.9
|
|
|
|
|
|
|
|
598.6
|
|
|
|
|
|
|
|
512.9
|
|
598.6
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
902.8
|
|
|
|
|
|
|
|
917.7
|
|
|
|
|
|
|
|
902.8
|
|
917.7
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
923.0
|
|
|
|
|
|
|
|
896.4
|
|
|
|
|
|
|
|
923.0
|
|
896.4
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
4,799.8
|
|
|
|
|
|
|
|
4,509.8
|
|
|
|
|
|
|
|
4,799.8
|
|
4,509.8
|
|
|
|
|
|
|
TOTAL LIABILITIES |
5,312.7
|
|
|
|
|
|
|
|
5,108.4
|
|
|
|
|
|
|
|
5,312.7
|
|
5,108.4
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
1,508.4
|
|
|
|
|
|
|
|
1,426.6
|
|
|
|
|
|
|
|
1,508.4
|
|
1,426.6
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
7,628.3
|
|
|
|
|
|
|
|
7,342.9
|
|
|
|
|
|
|
|
7,628.3
|
|
7,342.9
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
10.5
|
|
89.6
|
|
38.7
|
|
13.4
|
|
11.0
|
|
84.1
|
|
25.1
|
|
17.3
|
|
152.2
|
|
137.5
|
|
169.7
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
239.5
|
|
217.4
|
|
196.5
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.2
|
|
80.5
|
|
162.6
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(6.0)
|
|
(2.4)
|
|
(11.0)
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(18.8)
|
|
(9.2)
|
|
(13.0)
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46.6
|
|
17.0
|
|
6.0
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
53.5
|
|
(32.9)
|
|
(5.7)
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.9
|
|
10.5
|
|
3.5
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.3
|
|
45.7
|
|
(68.9)
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
504.8
|
|
444.7
|
|
404.3
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(528.9)
|
|
(220.6)
|
|
(594.0)
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
47.0
|
|
(232.8)
|
|
194.8
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22.9
|
|
(8.7)
|
|
5.1
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
1.6
|
|
|
|
|
|
|
|
10.3
|
|
1.6
|
|
10.3
|
|
5.2
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
24.5
|
|
|
|
|
|
|
|
1.6
|
|
|
|
|
|
|
|
24.5
|
|
1.6
|
|
10.3
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issuance of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,065.7
|
|
114.6
|
|
406.7
|
|
|
|
|
Repayments of Long-term Debt |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
794.5
|
|
353.7
|
|
3.3
|
|
|
|
|
Income (Loss) from Equity Method Investment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.7
|
|
(3.8)
|
|
7.9
|
|
|
|
|
Net Income (Loss) |
10.5
|
|
$ 89.6
|
|
$ 38.7
|
|
13.4
|
|
11.0
|
|
$ 84.1
|
|
$ 25.1
|
|
17.3
|
|
152.2
|
|
137.5
|
|
$ 169.7
|
|
|
|
|
Retained Earnings |
$ 1,508.4
|
|
|
|
|
|
|
|
1,426.6
|
|
|
|
|
|
|
|
$ 1,508.4
|
|
$ 1,426.6
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Pension Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
25.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
25.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Pension Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
59.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
59.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Pension Plans [Member] | Other Investments [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
15.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
15.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Pension Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
1.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Other Postretirement Benefit Plans [Member] | Equity [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Other Postretirement Benefit Plans [Member] | Fixed Income [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
49.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
49.00%
|
|
|
|
|
|
|
|
|
Southwestern Electric Power Co [Member] | Other Postretirement Benefit Plans [Member] | Cash and Cash Equivalents [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocations |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Target Asset Allocation |
2.00%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2.00%
|
|
|
|
|
|
|
|
|
Restricted Stock Units and Performance Share Units [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Dilutive Effect of: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Dilutive Effect of Shares | shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,000,000
|
|
800,000
|
|
200,000
|
|
|
|
|
Dilutive Securities, Effect on Basic Earnings Per Share | $ / shares |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ 0
|
|
$ (0.01)
|
|
$ 0
|
|
|
|
|
Revenues [Member] | AEP Texas Inc. [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
45.00%
|
[9] |
35.00%
|
[9],[10] |
46.00%
|
[10] |
|
|
|
Revenues [Member] | AEP Transmission Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
77.00%
|
|
80.00%
|
|
77.00%
|
|
|
|
|
Accounts Receivable [Member] | AEP Texas Inc. [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
35.00%
|
[9] |
31.00%
|
[9],[10] |
42.00%
|
[10] |
|
|
|
Accounts Receivable [Member] | AEP Transmission Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Risks and Uncertainties |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Percentage of Significant Customers Concentration Risk |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
84.00%
|
|
85.00%
|
[11] |
86.00%
|
|
|
|
|
Previously Reported [Member] | AEP Transmission Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
0.0
|
|
$ 0.0
|
|
$ 0.0
|
|
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
97.1
|
|
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
61.2
|
|
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
473.7
|
|
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
473.7
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
723.2
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
97.1
|
|
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
275.4
|
|
|
|
|
|
|
OPERATING INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
447.8
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
52.3
|
|
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(68.0)
|
|
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
433.3
|
|
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
147.2
|
|
|
|
|
|
|
NET INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
286.1
|
|
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
|
|
|
|
|
|
|
|
19.1
|
|
|
|
|
|
|
|
|
|
19.1
|
|
|
|
|
|
|
Total Accounts Receivable |
|
|
|
|
|
|
|
|
113.6
|
|
|
|
|
|
|
|
|
|
113.6
|
|
|
|
|
|
|
Accrued Tax Benefits |
|
|
|
|
|
|
|
|
46.6
|
|
|
|
|
|
|
|
|
|
46.6
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
|
|
|
|
|
|
|
|
327.7
|
|
|
|
|
|
|
|
|
|
327.7
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
|
|
|
|
|
|
|
|
5,336.1
|
|
|
|
|
|
|
|
|
|
5,336.1
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
|
|
|
|
|
|
|
|
131.4
|
|
|
|
|
|
|
|
|
|
131.4
|
|
|
|
|
|
|
Construction Work in Progress |
|
|
|
|
|
|
|
|
1,312.7
|
|
|
|
|
|
|
|
|
|
1,312.7
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
|
|
|
|
|
|
|
|
6,780.2
|
|
|
|
|
|
|
|
|
|
6,780.2
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
|
|
|
|
|
|
|
|
170.4
|
|
|
|
|
|
|
|
|
|
170.4
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
|
|
|
|
|
|
|
|
6,609.8
|
|
|
|
|
|
|
|
|
|
6,609.8
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Property Taxes |
|
|
|
|
|
|
|
|
117.8
|
|
|
|
|
|
|
|
|
|
117.8
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
|
|
|
|
|
|
|
|
130.6
|
|
|
|
|
|
|
|
|
|
130.6
|
|
|
|
|
|
|
TOTAL ASSETS |
|
|
|
|
|
|
|
|
7,068.1
|
|
|
|
|
|
|
|
|
|
7,068.1
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
473.2
|
|
|
|
|
|
|
|
|
|
473.2
|
|
|
|
|
|
|
Affiliated Companies |
|
|
|
|
|
|
|
|
52.9
|
|
|
|
|
|
|
|
|
|
52.9
|
|
|
|
|
|
|
Accrued Taxes |
|
|
|
|
|
|
|
|
225.4
|
|
|
|
|
|
|
|
|
|
225.4
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
836.3
|
|
|
|
|
|
|
|
|
|
836.3
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
601.7
|
|
|
|
|
|
|
|
|
|
601.7
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
|
|
|
|
|
|
|
|
493.7
|
|
|
|
|
|
|
|
|
|
493.7
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
|
|
|
|
|
|
|
|
3,626.5
|
|
|
|
|
|
|
|
|
|
3,626.5
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
|
|
|
|
|
|
|
4,462.8
|
|
|
|
|
|
|
|
|
|
4,462.8
|
|
|
|
|
|
|
Equity [Abstract] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Retained Earnings |
|
|
|
|
|
|
|
|
788.7
|
|
|
|
|
|
|
|
|
|
788.7
|
|
|
|
|
|
|
TOTAL MEMBER'S EQUITY |
|
|
|
|
|
|
|
|
2,605.3
|
|
|
|
|
|
|
|
|
|
2,605.3
|
|
|
|
|
|
|
TOTAL LIABILITIES AND EQUITY |
|
|
|
|
|
|
|
|
7,068.1
|
|
|
|
|
|
|
|
|
|
7,068.1
|
|
|
|
|
|
|
Operating Activites |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
286.1
|
|
|
|
|
|
|
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
97.1
|
|
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
272.8
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(52.3)
|
|
|
|
|
|
|
Amortization of Deferred Property Taxes |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(15.6)
|
|
|
|
|
|
|
Change in Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.8
|
|
|
|
|
|
|
Increase (Decrease) in Other Noncurrent Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
27.3
|
|
|
|
|
|
|
Accounts Receivable, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(34.5)
|
|
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.8
|
|
|
|
|
|
|
Accrued Taxes, Net |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13.0
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Operating Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
604.8
|
|
|
|
|
|
|
Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Investing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1,595.6)
|
|
|
|
|
|
|
Net Cash Provided by (Used in) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Cash Flows from (Used for) Financing Activities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
990.8
|
|
|
|
|
|
|
Net Increase (Decrease) in Cash and Cash Equivalents |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
|
|
Cash and Cash Equivalents at End of Period |
|
|
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
|
|
0.0
|
|
$ 0.0
|
|
|
|
|
Organization and Summary of Significant Accounting Policies (Textuals) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
286.1
|
|
|
|
|
|
|
Retained Earnings |
|
|
|
|
|
|
|
|
788.7
|
|
|
|
|
|
|
|
|
|
788.7
|
|
|
|
|
|
|
Revision [Member] | AEP Transmission Co [Member] |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash, Cash Equivalents and Restricted Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and Cash Equivalents at Beginning of Period |
|
|
|
|
|
|
0.0
|
|
|
|
|
|
|
|
0.0
|
|
0.0
|
|
0.0
|
|
|
|
|
|
|
Supplemental Income Statement Elements |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Utilities Operating Expense, Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1.4)
|
|
|
|
|
|
|
Cash Paid (Received) for: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash Paid for Interest, Net of Capitalized Amounts |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.2
|
|
|
|
|
|
|
Construction in Progress Expenditures Incurred but Not yet Paid |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.3
|
|
|
|
|
|
|
Noncash Investing and Financing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Construction Expenditures Included in Current Liabilities as of December 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11.3
|
|
|
|
|
|
|
Revenues |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL REVENUES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(16.3)
|
|
|
|
|
|
|
Expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and Amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1.4)
|
|
|
|
|
|
|
TOTAL EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1.4)
|
|
|
|
|
|
|
OPERATING INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(14.9)
|
|
|
|
|
|
|
Other Income (Expense) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for Equity Funds Used During Construction |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(3.3)
|
|
|
|
|
|
|
Interest Expense |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.2)
|
|
|
|
|
|
|
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(20.4)
|
|
|
|
|
|
|
Income Tax Expense (Benefit) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(5.0)
|
|
|
|
|
|
|
NET INCOME (LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(15.4)
|
|
|
|
|
|
|
Accounts Receivable: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Customers |
|
|
|
|
|
|
|
|
(4.1)
|
|
|
|
|
|
|
|
|
|
(4.1)
|
|
|
|
|
|
|
Total Accounts Receivable |
|
|
|
|
|
|
|
|
(4.1)
|
|
|
|
|
|
|
|
|
|
(4.1)
|
|
|
|
|
|
|
Accrued Tax Benefits |
|
|
|
|
|
|
|
|
2.8
|
|
|
|
|
|
|
|
|
|
2.8
|
|
|
|
|
|
|
TOTAL CURRENT ASSETS |
|
|
|
|
|
|
|
|
(1.3)
|
|
|
|
|
|
|
|
|
|
(1.3)
|
|
|
|
|
|
|
Property, Plant and Equipment |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Transmission |
|
|
|
|
|
|
|
|
(16.4)
|
|
|
|
|
|
|
|
|
|
(16.4)
|
|
|
|
|
|
|
Other Property, Plant and Equipment |
|
|
|
|
|
|
|
|
(4.6)
|
|
|
|
|
|
|
|
|
|
(4.6)
|
|
|
|
|
|
|
Construction Work in Progress |
|
|
|
|
|
|
|
|
11.3
|
|
|
|
|
|
|
|
|
|
11.3
|
|
|
|
|
|
|
Total Property, Plant and Equipment |
|
|
|
|
|
|
|
|
(9.7)
|
|
|
|
|
|
|
|
|
|
(9.7)
|
|
|
|
|
|
|
Accumulated Depreciation and Amortization |
|
|
|
|
|
|
|
|
(17.8)
|
|
|
|
|
|
|
|
|
|
(17.8)
|
|
|
|
|
|
|
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET |
|
|
|
|
|
|
|
|
8.1
|
|
|
|
|
|
|
|
|
|
8.1
|
|
|
|
|
|
|
Other Noncurrent Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Property Taxes |
|
|
|
|
|
|
|
|
7.2
|
|
|
|
|
|
|
|
|
|
7.2
|
|
|
|
|
|
|
TOTAL OTHER NONCURRENT ASSETS |
|
|
|
|
|
|
|
|
7.2
|
|
|
|
|
|
|
|
|
|
7.2
|
|
|
|
|
|
|
TOTAL ASSETS |
|
|
|
|
|
|
|
|
14.0
|
|
|
|
|
|
|
|
|
|
14.0
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Accounts Payable |
|
|
|
|
|
|
|
|
11.3
|
|
|
|
|
|
|
|
|
|
11.3
|
|
|
|
|
|
|
Affiliated Companies |
|
|
|
|
|
|
|
|
13.2
|
|
|
|
|
|
|
|
|
|
13.2
|
|
|
|
|
|
|
Accrued Taxes |
|
|
|
|
|
|
|
|
6.1
|
|
|
|
|
|
|
|
|
|
6.1
|
|
|
|
|
|
|
TOTAL CURRENT LIABILITIES |
|
|
|
|
|
|
|
|
30.6
|
|
|
|
|
|
|
|
|
|
30.6
|
|
|
|
|
|
|
Liabilities, Noncurrent |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Deferred Income Taxes |
|
|
|
|
|
|
|
|
(1.3)
|
|
|
|
|
|
|
|
|
|
(1.3)
|
|
|
|
|
|
|
Regulatory Liabilities and Deferred Investment Tax Credits |
|
|
|
|
|
|
|
|
0.1
|
|
|
|
|
|
|
|
|
|
0.1
|
|
|
|
|
|
|
TOTAL NONCURRENT LIABILITIES |
|
|
|
|
|
|
|
|
(1.2)
|
|
|
|
|
|
|
|
|
|
(1.2)
|
|
|
|
|
|
|
TOTAL LIABILITIES |
|
|
|
|
|
|
|
|
29.4
|
|
|
|
|
|
|
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29.4
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Equity [Abstract] |
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Retained Earnings |
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(15.4)
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(15.4)
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TOTAL MEMBER'S EQUITY |
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(15.4)
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(15.4)
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TOTAL LIABILITIES AND EQUITY |
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14.0
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14.0
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Operating Activites |
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NET INCOME (LOSS) |
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(15.4)
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Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities: |
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Depreciation and Amortization |
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(1.4)
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Deferred Income Taxes |
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(1.3)
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Allowance for Equity Funds Used During Construction |
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3.3
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Amortization of Deferred Property Taxes |
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(7.2)
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Change in Other Noncurrent Assets |
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1.2
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Increase (Decrease) in Other Noncurrent Liabilities |
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0.2
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Accounts Receivable, Net |
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4.1
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Accounts Payable |
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13.2
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Accrued Taxes, Net |
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3.3
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Net Cash Flows from (Used for) Operating Activities |
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0.0
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Investing Activities |
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Net Cash Flows from (Used for) Investing Activities |
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0.0
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Net Cash Provided by (Used in) Financing Activities |
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Net Cash Flows from (Used for) Financing Activities |
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0.0
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Net Increase (Decrease) in Cash and Cash Equivalents |
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0.0
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Cash and Cash Equivalents at Beginning of Period |
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$ 0.0
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$ 0.0
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$ 0.0
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0.0
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Cash and Cash Equivalents at End of Period |
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0.0
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$ 0.0
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$ 0.0
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Organization and Summary of Significant Accounting Policies (Textuals) |
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Error Corrections and Prior Period Adjustments, Description |
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The $(20) million adjustment to pretax income for the year ended December 31, 2017 includes adjustments of $(12) million relating to 2016 and earlier periods. The effect of recording this adjustment of $(12) million in 2017 is not material to AEPTCo’s financial statements for 2017 or any earlier period
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AEPTCo recorded a pretax out of period correction of an error of approximately $17 million related to revenue recorded from 2013 through March 31, 2018 in the second quarter of 2018
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The impact of this misstatement reduced AEPTCo’s pretax income by approximately $7 million on a cumulative basis for the period 2011 through June 30, 2018
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Net Income (Loss) |
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$ (15.4)
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Retained Earnings |
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$ (15.4)
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$ (15.4)
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