XML 89 R48.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Long-term Debt, Other Temporary Investments, Nuclear Trusts (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding $ 33,117,800,000   $ 33,117,800,000   $ 31,072,500,000
Long Term Debt, Fair Value [1] 37,826,200,000   37,826,200,000   37,457,000,000.0
Other Temporary Investments          
Cost 231,900,000   231,900,000   214,900,000
Gross Unrealized Gains 36,800,000   36,800,000   31,500,000
Gross Unrealized Losses 0   0   0
Other Short-term Investments 268,700,000   268,700,000   246,400,000
Debt and Equity Securities Within Other Temporary Investments          
Proceeds from Investment Sales 3,600,000 $ 7,600,000 9,100,000 $ 30,800,000  
Purchases of Investments 12,400,000 10,300,000 13,100,000 17,000,000.0  
Gross Realized Gains on Investment Sales 1,100,000 200,000 1,200,000 2,200,000  
Gross Realized Losses on Investment Sales 0 100,000 0 200,000  
Nuclear Trust Fund Investments          
Fair Value 3,612,400,000   3,612,400,000   3,306,700,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 3,612,400,000   3,612,400,000   3,306,700,000
Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Unrealized Gain on Securities     1,700,000,000   1,400,000,000
Nuclear Trust Fund Investments          
Gross Unrealized Gains     1,724,400,000   1,509,800,000
Other-Than-Temporary Impairments     (15,700,000)   (9,200,000)
Securities Activity Within Decommissioning and SNF Trusts          
Proceeds from Investment Sales 802,700,000 328,100,000 1,122,700,000 940,500,000  
Purchases of Investments 812,800,000 345,400,000 1,149,700,000 971,400,000  
Gross Realized Gains on Investment Sales 83,300,000 11,100,000 88,700,000 22,000,000.0  
Gross Realized Losses on Investment Sales 1,300,000 7,700,000 5,500,000 24,700,000  
Contractual Maturities, Fair Value of Debt Securities          
Within 1 year 331,400,000   331,400,000    
After 1 year through 5 years 415,700,000   415,700,000    
After 5 years through 10 years 263,000,000.0   263,000,000.0    
After 10 years 291,900,000   291,900,000    
Fair Value Measurements (Textuals)          
Adjusted Cost of Debt Securities 1,200,000,000   1,200,000,000   1,100,000,000
Adjusted Cost of Domestic Equity Securities 627,000,000   627,000,000   654,000,000
Unrealized Loss on Securities     3,000,000   9,000,000
Cash [Member]          
Other Temporary Investments          
Cost [2] 80,200,000   80,200,000   68,300,000
Gross Unrealized Gains [2] 0   0   0
Gross Unrealized Losses [2] 0   0   0
Other Short-term Investments [2],[3] 80,200,000   80,200,000   68,300,000
Fixed Income Funds [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,302,000,000.0   1,302,000,000.0   1,226,200,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,302,000,000.0   1,302,000,000.0   1,226,200,000
Fixed Income Funds [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     76,200,000   109,000,000.0
Other-Than-Temporary Impairments     (15,700,000)   (9,200,000)
Mutual Funds Fixed Income [Member]          
Other Temporary Investments          
Cost [4] 129,000,000.0   129,000,000.0   120,700,000
Gross Unrealized Gains [4] 2,100,000   2,100,000   2,800,000
Gross Unrealized Losses [4] 0   0   0
Other Short-term Investments [4] 131,100,000   131,100,000   123,500,000
Domestic [Member]          
Nuclear Trust Fund Investments          
Fair Value [5] 2,274,800,000   2,274,800,000   2,054,700,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [5] 2,274,800,000   2,274,800,000   2,054,700,000
Domestic [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains [6]     1,648,200,000   1,400,800,000
Other-Than-Temporary Impairments     0   0
Mutual Funds Equity [Member]          
Other Temporary Investments          
Cost 22,700,000   22,700,000   25,900,000
Gross Unrealized Gains 34,700,000   34,700,000   28,700,000
Gross Unrealized Losses 0   0   0
Other Short-term Investments [5] 57,400,000   57,400,000   54,600,000
Cash and Cash Equivalents [Member]          
Nuclear Trust Fund Investments          
Fair Value [7] 35,600,000   35,600,000   25,800,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [7] 35,600,000   35,600,000   25,800,000
Cash and Cash Equivalents [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     0   0
Other-Than-Temporary Impairments     0   0
US Government Agencies Debt Securities [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,155,800,000   1,155,800,000   1,025,600,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,155,800,000   1,155,800,000   1,025,600,000
US Government Agencies Debt Securities [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     68,900,000   98,500,000
Other-Than-Temporary Impairments     (12,500,000)   (7,100,000)
Corporate Debt [Member]          
Nuclear Trust Fund Investments          
Fair Value 87,300,000   87,300,000   86,300,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 87,300,000   87,300,000   86,300,000
Corporate Debt [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     7,100,000   9,600,000
Other-Than-Temporary Impairments     (2,600,000)   (1,700,000)
State and Local Jurisdiction [Member]          
Nuclear Trust Fund Investments          
Fair Value 58,900,000   58,900,000   114,300,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 58,900,000   58,900,000   114,300,000
State and Local Jurisdiction [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     200,000   900,000
Other-Than-Temporary Impairments     (600,000)   (400,000)
AEP Texas Inc. [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 5,226,000,000.0   5,226,000,000.0   4,820,400,000
Long Term Debt, Fair Value 5,809,500,000   5,809,500,000   5,682,600,000
AEP Transmission Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 3,949,300,000   3,949,300,000   3,948,500,000
Long Term Debt, Fair Value 4,667,900,000   4,667,900,000   4,984,300,000
Appalachian Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 4,949,800,000   4,949,800,000   4,834,100,000
Long Term Debt, Fair Value 6,129,700,000   6,129,700,000   6,391,800,000
Indiana Michigan Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 3,255,000,000.0   3,255,000,000.0   3,029,900,000
Long Term Debt, Fair Value 3,850,600,000   3,850,600,000   3,775,300,000
Nuclear Trust Fund Investments          
Fair Value 3,612,400,000   3,612,400,000   3,306,700,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 3,612,400,000   3,612,400,000   3,306,700,000
Indiana Michigan Power Co [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Unrealized Gain on Securities     1,700,000,000   1,400,000,000
Nuclear Trust Fund Investments          
Gross Unrealized Gains     1,724,400,000   1,509,800,000
Other-Than-Temporary Impairments     (15,700,000)   (9,200,000)
Securities Activity Within Decommissioning and SNF Trusts          
Proceeds from Investment Sales 802,700,000 328,100,000 1,122,700,000 940,500,000  
Purchases of Investments 812,800,000 345,400,000 1,149,700,000 971,400,000  
Gross Realized Gains on Investment Sales 83,300,000 11,100,000 88,700,000 22,000,000.0  
Gross Realized Losses on Investment Sales 1,300,000 $ 7,700,000 5,500,000 $ 24,700,000  
Contractual Maturities, Fair Value of Debt Securities          
Within 1 year 331,400,000   331,400,000    
After 1 year through 5 years 415,700,000   415,700,000    
After 5 years through 10 years 263,000,000.0   263,000,000.0    
After 10 years 291,900,000   291,900,000    
Fair Value Measurements (Textuals)          
Adjusted Cost of Debt Securities 1,200,000,000   1,200,000,000   1,100,000,000
Adjusted Cost of Domestic Equity Securities 627,000,000   627,000,000   654,000,000
Unrealized Loss on Securities     3,000,000   9,000,000
Indiana Michigan Power Co [Member] | Fixed Income Funds [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,302,000,000.0   1,302,000,000.0   1,226,200,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,302,000,000.0   1,302,000,000.0   1,226,200,000
Indiana Michigan Power Co [Member] | Fixed Income Funds [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     76,200,000   109,000,000.0
Other-Than-Temporary Impairments     (15,700,000)   (9,200,000)
Indiana Michigan Power Co [Member] | Domestic [Member]          
Nuclear Trust Fund Investments          
Fair Value [5] 2,274,800,000   2,274,800,000   2,054,700,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [5] 2,274,800,000   2,274,800,000   2,054,700,000
Indiana Michigan Power Co [Member] | Domestic [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     1,648,200,000 [6]   1,400,800,000
Other-Than-Temporary Impairments     0   0
Indiana Michigan Power Co [Member] | Cash and Cash Equivalents [Member]          
Nuclear Trust Fund Investments          
Fair Value [7] 35,600,000   35,600,000   25,800,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [7] 35,600,000   35,600,000   25,800,000
Indiana Michigan Power Co [Member] | Cash and Cash Equivalents [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     0   0
Other-Than-Temporary Impairments     0   0
Indiana Michigan Power Co [Member] | US Government Agencies Debt Securities [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,155,800,000   1,155,800,000   1,025,600,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,155,800,000   1,155,800,000   1,025,600,000
Indiana Michigan Power Co [Member] | US Government Agencies Debt Securities [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     68,900,000   98,500,000
Other-Than-Temporary Impairments     (12,500,000)   (7,100,000)
Indiana Michigan Power Co [Member] | Corporate Debt [Member]          
Nuclear Trust Fund Investments          
Fair Value 87,300,000   87,300,000   86,300,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 87,300,000   87,300,000   86,300,000
Indiana Michigan Power Co [Member] | Corporate Debt [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     7,100,000   9,600,000
Other-Than-Temporary Impairments     (2,600,000)   (1,700,000)
Indiana Michigan Power Co [Member] | State and Local Jurisdiction [Member]          
Nuclear Trust Fund Investments          
Fair Value 58,900,000   58,900,000   114,300,000
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 58,900,000   58,900,000   114,300,000
Indiana Michigan Power Co [Member] | State and Local Jurisdiction [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     200,000   900,000
Other-Than-Temporary Impairments     (600,000)   (400,000)
Ohio Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 2,876,800,000   2,876,800,000   2,430,200,000
Long Term Debt, Fair Value 3,419,000,000.0   3,419,000,000.0   3,154,900,000
Public Service Co Of Oklahoma [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 1,623,800,000   1,623,800,000   1,373,800,000
Long Term Debt, Fair Value 1,883,600,000   1,883,600,000   1,732,100,000
Southwestern Electric Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 3,130,700,000   3,130,700,000   2,636,400,000
Long Term Debt, Fair Value 3,563,500,000   3,563,500,000   3,210,100,000
Equity Units [Member]          
Book Values and Fair Values of Long - term Debt          
Long Term Debt, Fair Value $ 1,700,000,000   $ 1,700,000,000   $ 1,700,000,000
[1] The fair value amounts include debt related to AEP’s Equity Units and had a fair value of $1.7 billion and $1.7 billion as of June 30, 2021 and December 31, 2020, respectively. See “Equity Units” section of Note 12 for additional information.
[2] Primarily represents amounts held for the repayment of debt.
[3] Amounts in “Other’’ column primarily represent cash deposits in bank accounts with financial institutions or third-parties.  Level 1 and Level 2 amounts primarily represent investments in money market funds.
[4] Primarily short and intermediate maturities which may be sold and do not contain maturity dates.
[5] Amounts represent publicly traded equity securities and equity-based mutual funds.
[6] Amount reported as Gross Unrealized Gains includes unrealized gains of $1.7 billion and $1.4 billion and unrealized losses of $3 million and $9 million as of June 30, 2021 and December 31, 2020, respectively.
[7] Amounts in “Other’’ column primarily represent accrued interest receivables from financial institutions.  Level 1 amounts primarily represent investments in money market funds.