AEP
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Risk Management Contracts | | Hedging Contracts | | Gross Amounts of Risk Management Assets/ Liabilities Recognized | | Gross Amounts Offset in the Statement of Financial Position (b) | | Net Amounts of Assets/Liabilities Presented in the Statement of Financial Position (c) | Balance Sheet Location | | Commodity (a) | | Commodity (a) | | Interest Rate (a) | | | | | | (in millions) | Current Risk Management Assets (d) | | $ | 513.4 | | | $ | 176.0 | | | $ | 1.2 | | | $ | 690.6 | | | $ | (496.2) | | | $ | 194.4 | | Long-term Risk Management Assets | | 370.5 | | | 89.1 | | | — | | | 459.6 | | | (192.6) | | | 267.0 | | Total Assets | | 883.9 | | | 265.1 | | | 1.2 | | | 1,150.2 | | | (688.8) | | | 461.4 | | | | | | | | | | | | | | | Current Risk Management Liabilities (e) | | 395.7 | | | 40.9 | | | — | | | 436.6 | | | (361.2) | | | 75.4 | | Long-term Risk Management Liabilities | | 243.9 | | | 16.7 | | | 38.1 | | | 298.7 | | | (68.4) | | | 230.3 | | Total Liabilities | | 639.6 | | | 57.6 | | | 38.1 | | | 735.3 | | | (429.6) | | | 305.7 | | | | | | | | | | | | | | | Total MTM Derivative Contract Net Assets (Liabilities) | | $ | 244.3 | | | $ | 207.5 | | | $ | (36.9) | | | $ | 414.9 | | | $ | (259.2) | | | $ | 155.7 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk Management Contracts | | Hedging Contracts | | Gross Amounts of Risk Management Assets/ Liabilities Recognized | | Gross Amounts Offset in the Statement of Financial Position (b) | | Net Amounts of Assets/Liabilities Presented in the Statement of Financial Position (c) | Balance Sheet Location | | Commodity (a) | | Commodity (a) | | Interest Rate (a) | | | | | | (in millions) | Current Risk Management Assets | | $ | 239.1 | | | $ | 21.1 | | | $ | 5.0 | | | $ | 265.2 | | | $ | (170.5) | | | $ | 94.7 | | Long-term Risk Management Assets | | 275.9 | | | 18.0 | | | — | | | 293.9 | | | (51.7) | | | 242.2 | | Total Assets | | 515.0 | | | 39.1 | | | 5.0 | | | 559.1 | | | (222.2) | | | 336.9 | | | | | | | | | | | | | | | Current Risk Management Liabilities | | 193.0 | | | 54.4 | | | 3.4 | | | 250.8 | | | (172.0) | | | 78.8 | | Long-term Risk Management Liabilities | | 222.2 | | | 60.1 | | | 4.1 | | | 286.4 | | | (53.6) | | | 232.8 | | Total Liabilities | | 415.2 | | | 114.5 | | | 7.5 | | | 537.2 | | | (225.6) | | | 311.6 | | | | | | | | | | | | | | | Total MTM Derivative Contract Net Assets (Liabilities) | | $ | 99.8 | | | $ | (75.4) | | | $ | (2.5) | | | $ | 21.9 | | | $ | 3.4 | | | $ | 25.3 | |
AEP Texas | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 0.6 | | | $ | (0.6) | | | $ | — | | Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 0.6 | | | (0.6) | | | — | | | | | | | | | Current Risk Management Liabilities | | — | | | — | | | — | | Long-term Risk Management Liabilities | | — | | | — | | | — | | Total Liabilities | | — | | | — | | | — | | | | | | | | | Total MTM Derivative Net Assets (Liabilities) | | $ | 0.6 | | | $ | (0.6) | | | $ | — | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 0.4 | | | $ | (0.4) | | | $ | — | | Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 0.4 | | | (0.4) | | | — | | | | | | | | | Current Risk Management Liabilities | | — | | | — | | | — | | Long-term Risk Management Liabilities | | — | | | — | | | — | | Total Liabilities | | — | | | — | | | — | | | | | | | | | Total MTM Derivative Net Assets (Liabilities) | | $ | 0.4 | | | $ | (0.4) | | | $ | — | |
APCo | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | | | | | | | | | | | | Risk Management | | | | | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | | | | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | | | | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 47.5 | | | | | | | $ | (5.5) | | | $ | 42.0 | | Deferred Charges and Other Noncurrent Assets - Long-term Risk Management Assets | | 0.2 | | | | | | | (0.2) | | | — | | Total Assets | | 47.7 | | | | | | | (5.7) | | | 42.0 | | | | | | | | | | | | | Other Current Liabilities - Current Risk Management Liabilities | | 7.2 | | | | | | | (6.4) | | | 0.8 | | Deferred Credits and Other Noncurrent Liabilities - Long-term Risk Management Liabilities | | 0.2 | | | | | | | (0.2) | | | — | | Total Liabilities | | 7.4 | | | | | | | (6.6) | | | 0.8 | | | | | | | | | | | | | Total MTM Derivative Net Assets | | $ | 40.3 | | | | | | | $ | 0.9 | | | $ | 41.2 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk | | | | Gross Amounts of Risk | | Gross Amounts | | Net Amounts of Assets/ | | | Management | | Hedging | | Management | | Offset in the | | Liabilities Presented in | | | Contracts - | | Contracts | | Assets/Liabilities | | Statement of | | the Statement of | Balance Sheet Location | | Commodity (a) | | Interest Rate (a) | | Recognized | | Financial Position (b) | | Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 38.8 | | | $ | 2.4 | | | $ | 41.2 | | | $ | (18.8) | | | $ | 22.4 | | Deferred Charges and Other Noncurrent Assets - Long-term Risk Management Assets | | 0.7 | | | — | | | 0.7 | | | (0.6) | | | 0.1 | | Total Assets | | 39.5 | | | 2.4 | | | 41.9 | | | (19.4) | | | 22.5 | | | | | | | | | | | | | Other Current Liabilities - Current Risk Management Liabilities | | 19.7 | | | 3.4 | | | 23.1 | | | (18.5) | | | 4.6 | | Deferred Credits and Other Noncurrent Liabilities - Long-term Risk Management Liabilities | | 0.6 | | | — | | | 0.6 | | | (0.5) | | | 0.1 | | Total Liabilities | | 20.3 | | | 3.4 | | | 23.7 | | | (19.0) | | | 4.7 | | | | | | | | | | | | | Total MTM Derivative Contract Net Assets (Liabilities) | | $ | 19.2 | | | $ | (1.0) | | | $ | 18.2 | | | $ | (0.4) | | | $ | 17.8 | |
I&M | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 11.1 | | | $ | (7.8) | | | $ | 3.3 | | Deferred Charges and Other Noncurrent Assets - Long-term Risk Management Assets | | 0.2 | | | (0.2) | | | — | | Total Assets | | 11.3 | | | (8.0) | | | 3.3 | | | | | | | | | Current Risk Management Liabilities | | 14.8 | | | (9.8) | | | 5.0 | | Deferred Credits and Other Noncurrent Liabilities - Long-term Risk Management Liabilities | | 0.2 | | | (0.2) | | | — | | Total Liabilities | | 15.0 | | | (10.0) | | | 5.0 | | | | | | | | | Total MTM Derivative Contract Net Assets (Liabilities) | | $ | (3.7) | | | $ | 2.0 | | | $ | (1.7) | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 17.2 | | | $ | (13.6) | | | $ | 3.6 | | Deferred Charges and Other Noncurrent Assets - Long-term Risk Management Assets | | 0.5 | | | (0.4) | | | 0.1 | | Total Assets | | 17.7 | | | (14.0) | | | 3.7 | | | | | | | | | Current Risk Management Liabilities | | 12.1 | | | (12.0) | | | 0.1 | | Deferred Credits and Other Noncurrent Liabilities - Long-term Risk Management Liabilities | | 0.4 | | | (0.3) | | | 0.1 | | Total Liabilities | | 12.5 | | | (12.3) | | | 0.2 | | | | | | | | | Total MTM Derivative Contract Net Assets (Liabilities) | | $ | 5.2 | | | $ | (1.7) | | | $ | 3.5 | |
OPCo | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 0.5 | | | $ | (0.5) | | | $ | — | | Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 0.5 | | | (0.5) | | | — | | | | | | | | | Current Risk Management Liabilities | | 6.7 | | | — | | | 6.7 | | Long-term Risk Management Liabilities | | 85.8 | | | — | | | 85.8 | | Total Liabilities | | 92.5 | | | — | | | 92.5 | | | | | | | | | Total MTM Derivative Contract Net Liabilities | | $ | (92.0) | | | $ | (0.5) | | | $ | (92.5) | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 0.3 | | | $ | (0.3) | | | $ | — | | Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 0.3 | | | (0.3) | | | — | | | | | | | | | Current Risk Management Liabilities | | 8.7 | | | — | | | 8.7 | | Long-term Risk Management Liabilities | | 101.6 | | | — | | | 101.6 | | Total Liabilities | | 110.3 | | | — | | | 110.3 | | | | | | | | | Total MTM Derivative Contract Net Liabilities | | $ | (110.0) | | | $ | (0.3) | | | $ | (110.3) | |
PSO | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 12.4 | | | $ | (0.3) | | | $ | 12.1 | | Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 12.4 | | | (0.3) | | | 12.1 | | | | | | | | | Current Risk Management Liabilities | | 3.7 | | | — | | | 3.7 | | Long-term Risk Management Liabilities | | — | | | — | | | — | | Total Liabilities | | 3.7 | | | — | | | 3.7 | | | | | | | | | Total MTM Derivative Net Assets (Liabilities) | | $ | 8.7 | | | $ | (0.3) | | | $ | 8.4 | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 10.5 | | | $ | (0.2) | | | $ | 10.3 | | Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 10.5 | | | (0.2) | | | 10.3 | | | | | | | | | Current Risk Management Liabilities | | — | | | — | | | — | | Long-term Risk Management Liabilities | | — | | | — | | | — | | Total Liabilities | | — | | | — | | | — | | | | | | | | | Total MTM Derivative Net Assets (Liabilities) | | $ | 10.5 | | | $ | (0.2) | | | $ | 10.3 | |
SWEPCo | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 10.1 | | | $ | (0.3) | | | $ | 9.8 | | Deferred Charges and Other Noncurrent Assets - Long-term Risk Management Assets | | 1.1 | | | — | | | 1.1 | | Total Assets | | 11.2 | | | (0.3) | | | 10.9 | | | | | | | | | Current Risk Management Liabilities | | 2.1 | | | — | | | 2.1 | | Deferred Credits and Other Noncurrent Liabilities - Long-term Risk Management Liabilities | | — | | | — | | | — | | Total Liabilities | | 2.1 | | | — | | | 2.1 | | | | | | | | | Total MTM Derivative Net Assets (Liabilities) | | $ | 9.1 | | | $ | (0.3) | | | $ | 8.8 | |
| | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | Risk Management | | Gross Amounts Offset | | Net Amounts of Assets/Liabilities | | | Contracts - | | in the Statement of | | Presented in the Statement | Balance Sheet Location | | Commodity (a) | | Financial Position (b) | | of Financial Position (c) | | | (in millions) | Current Risk Management Assets | | $ | 3.4 | | | $ | (0.2) | | | $ | 3.2 | | Deferred Charges and Other Noncurrent Assets - Long-term Risk Management Assets | | — | | | — | | | — | | Total Assets | | 3.4 | | | (0.2) | | | 3.2 | | | | | | | | | Current Risk Management Liabilities | | 0.7 | | | — | | | 0.7 | | Deferred Credits and Other Noncurrent Liabilities - Long-term Risk Management Liabilities | | 1.0 | | | — | | | 1.0 | | Total Liabilities | | 1.7 | | | — | | | 1.7 | | | | | | | | | Total MTM Derivative Net Assets (Liabilities) | | $ | 1.7 | | | $ | (0.2) | | | $ | 1.5 | |
(a)Derivative instruments within these categories are disclosed as gross. These instruments are subject to master netting agreements and are presented on the balance sheets on a net basis in accordance with the accounting guidance for “Derivatives and Hedging.” (b)Amounts include counterparty netting of risk management and hedging contracts and associated cash collateral in accordance with the accounting guidance for “Derivatives and Hedging.” (c)All derivative contracts subject to a master netting arrangement or similar agreement are offset in the statement of financial position. (d)Amount excludes Risk Management Assets of $6 million classified as Assets Held for Sale on the balance sheets. See “Disposition of KPCo and KTCo” section of Note 7 for additional information. (e)Amount excludes Risk Management Liabilities of $0.1 million classified as Liabilities Held for Sale on the balance sheets. See “Disposition of KPCo and KTCo” section of Note 7 for additional information.
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