Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2021

Consolidated Assets And Liabilities Of Variable Interest Entities

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2021
	Registrant Subsidiaries
	SWEPCo Sabine		I&M DCC Fuel		AEP Texas Transition Funding			AEP Texas Restoration Funding			APCo Appalachian Consumer Rate Relief Funding
	(in millions)
ASSETS
Current Assets	$	77.2	$	65.2	$	24.9		$	24.3		$	16.0
Net Property, Plant and Equipment	51.8		118.6		—			—			—
Other Noncurrent Assets	104.1		57.2		208.3		(a)	192.6		(b)	187.8		(c)
Total Assets	$	233.1	$	241.0	$	233.2		$	216.9		$	203.8
LIABILITIES AND EQUITY
Current Liabilities	$	18.9	$	65.1	$	71.2		$	36.1		$	29.0
Noncurrent Liabilities	214.3		175.9		157.8			179.6			172.9
Equity	(0.1)		—		4.2			1.2			1.9
Total Liabilities and Equity	$	233.1	$	241.0	$	233.2		$	216.9		$	203.8

(a)Includes an intercompany item eliminated in consolidation of $24 million.

(b)Includes an intercompany item eliminated in consolidation of $8 million.

(c)Includes an intercompany item eliminated in consolidation of $2 million.

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2021
	Other Consolidated VIEs
	AEP Credit		Protected Cell of EIS		Transource Energy		Apple Blossom and Black Oak		Santa Rita East		Dry Lake
	(in millions)
ASSETS
Current Assets	$	996.6	$	217.3	$	38.8	$	9.9	$	7.6	$	4.0
Net Property, Plant and Equipment	—		—		475.4		217.3		437.6		146.1
Other Noncurrent Assets	10.4		—		3.0		11.3		—		0.3
Total Assets	$	1,007.0	$	217.3	$	517.2	$	238.5	$	445.2	$	150.4
LIABILITIES AND EQUITY
Current Liabilities	$	953.1	$	37.5	$	12.5	$	6.6	$	5.8	$	0.9
Noncurrent Liabilities	0.9		82.3		216.9		5.2		7.0		0.6
Equity	53.0		97.5		287.8		226.7		432.4		148.9
Total Liabilities and Equity	$	1,007.0	$	217.3	$	517.2	$	238.5	$	445.2	$	150.4

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2020
	Registrant Subsidiaries
	SWEPCo Sabine		I&M DCC Fuel		AEP Texas Transition Funding			AEP Texas Restoration Funding			APCo Appalachian Consumer Rate Relief Funding
	(in millions)
ASSETS
Current Assets	$	88.0	$	76.1	$	61.2		$	23.3		$	16.8
Net Property, Plant and Equipment	97.3		138.9		—			—			—
Other Noncurrent Assets	99.3		70.9		273.9		(a)	214.9		(b)	212.7		(c)
Total Assets	$	284.6	$	285.9	$	335.1		$	238.2		$	229.5
LIABILITIES AND EQUITY
Current Liabilities	$	57.7	$	76.0	$	69.8		$	33.9		$	28.7
Noncurrent Liabilities	225.3		209.9		246.5			203.1			198.9
Equity	1.6		—		18.8			1.2			1.9
Total Liabilities and Equity	$	284.6	$	285.9	$	335.1		$	238.2		$	229.5

(a)Includes an intercompany item eliminated in consolidation of $32 million.

(b)Includes an intercompany item eliminated in consolidation of $9 million.

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

American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2020
	Other Consolidated VIEs
	AEP Credit		Protected Cell of EIS		Transource Energy		Apple Blossom and Black Oak		Santa Rita East
	(in millions)
ASSETS
Current Assets	$	960.4	$	198.1	$	22.2	$	9.6	$	6.0
Net Property, Plant and Equipment	—		—		458.7		223.1		453.1
Other Noncurrent Assets	12.9		—		3.7		12.1		—
Total Assets	$	973.3	$	198.1	$	484.6	$	244.8	$	459.1
LIABILITIES AND EQUITY
Current Liabilities	$	827.2	$	43.1	$	32.6	$	5.3	$	3.5
Noncurrent Liabilities	0.8		62.5		185.0		4.9		6.7
Equity	145.3		92.5		267.0		234.6		448.9
Total Liabilities and Equity	$	973.3	$	198.1	$	484.6	$	244.8	$	459.1

SWEPCo's Investment In DHLC

	December 31,
	2021				2020
	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
Capital Contribution from SWEPCo	$	7.6	$	7.6	$	7.6	$	7.6
Retained Earnings	23.8		23.8		20.4		20.4
SWEPCo’s Share of Obligations	—		50.3		—		98.5
Total Investment in DHLC	$	31.4	$	81.7	$	28.0	$	126.5

AEP's Investment In OVEC

	December 31,
	2021				2020
	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
Capital Contribution from AEP	$	4.4	$	4.4	$	4.4	$	4.4
AEP’s Ratio of OVEC Debt (a)	—		492.0		—		555.0
Total Investment in OVEC	$	4.4	$	496.4	$	4.4	$	559.4

(a)Based on the Registrants’ power participation ratios APCo, I&M and OPCo’s share of OVEC debt was $177 million, $89 million and $226 million as of December 31, 2021 and $200 million, $100 million and $255 million as of December 31, 2020, respectively.

Purchased Power from OVEC

	Years Ended December 31,
Company	2021		2020		2019
	(in millions)
APCo	$	104.3	$	94.4	$	104.5
I&M	52.2		47.2		52.3
OPCo	133.0		120.8		132.7

Billings from Significant Variable Interest

	Years Ended December 31,
Company	2021		2020		2019
	(in millions)
AEP Texas	$	206.9	$	199.4	$	206.6
AEPTCo	267.1		270.3		242.3
APCo	313.3		294.9		308.3
I&M	200.9		210.2		184.8
OPCo	234.9		232.8		230.4
PSO	123.7		113.2		125.7
SWEPCo	168.6		161.8		169.5

Carrying Amount and Classification of Variable Interest in Accounts Payable

	December 31,
	2021				2020
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
AEP Texas	$	22.2	$	22.2	$	30.5	$	30.5
AEPTCo	23.3		23.3		45.9		45.9
APCo	44.1		44.1		42.8		42.8
I&M	21.8		21.8		27.1		27.1
OPCo	25.5		25.5		33.9		33.9
PSO	13.7		13.7		15.7		15.7
SWEPCo	20.5		20.5		22.0		22.0