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Benefit Plans

6 Months Ended

Jun. 30, 2013

6. BENEFIT PLANS

Components of Net Periodic Benefit Cost

The following tables provide the components of our net periodic benefit cost (credit) for the plans for the three and six months ended June 30, 2013 and 2012:

					Other Postretirement
	Pension Plans				Benefit Plans
	Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012
	(in millions)
Service Cost	$	18	$	19	$	6	$	11
Interest Cost		51		55		17		26
Expected Return on Plan Assets		(70)		(79)		(26)		(25)
Amortization of Prior Service Credit		-		-		(18)		(4)
Amortization of Net Actuarial Loss		46		38		16		15
Net Periodic Benefit Cost (Credit)	$	45	$	33	$	(5)	$	23

					Other Postretirement
	Pension Plans				Benefit Plans
	Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in millions)
Service Cost	$	35	$	38	$	12	$	23
Interest Cost		101		111		35		52
Expected Return on Plan Assets		(139)		(159)		(53)		(50)
Amortization of Prior Service Cost (Credit)		1		-		(35)		(9)
Amortization of Net Actuarial Loss		92		75		32		29
Net Periodic Benefit Cost (Credit)	$	90	$	65	$	(9)	$	45

Appalachian Power Co [Member]

Benefit Plans

6. BENEFIT PLANS

The Registrant Subsidiaries participate in an AEP sponsored qualified pension plan and two unfunded nonqualified pension plans. Substantially all employees are covered by the qualified plan or both the qualified and a nonqualified pension plan. The Registrant Subsidiaries also participate in OPEB plans sponsored by AEP to provide health and life insurance benefits for retired employees.

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (credit) by Registrant Subsidiary for the plans for the three and six months ended June 30, 2013 and 2012:

APCo
					Other Postretirement
	Pension Plans				Benefit Plans
	Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	1,542	$	1,891	$	642	$	1,347
Interest Cost		6,915		7,553		3,364		4,615
Expected Return on Plan Assets		(9,260)		(10,486)		(4,537)		(4,188)
Amortization of Transition Obligation		-		-		-		200
Amortization of Prior Service Cost (Credit)		50		119		(2,513)		(715)
Amortization of Net Actuarial Loss		6,257		5,084		3,062		2,632
Net Periodic Benefit Cost	$	5,504	$	4,161	$	18	$	3,891

					Other Postretirement
	Pension Plans				Benefit Plans
	Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	3,085	$	3,782	$	1,283	$	2,694
Interest Cost		13,831		15,106		6,727		9,231
Expected Return on Plan Assets		(18,520)		(20,972)		(9,073)		(8,376)
Amortization of Transition Obligation		-		-		-		400
Amortization of Prior Service Cost (Credit)		99		238		(5,025)		(1,431)
Amortization of Net Actuarial Loss		12,513		10,169		6,124		5,263
Net Periodic Benefit Cost	$	11,008	$	8,323	$	36	$	7,781

Indiana Michigan Power Co [Member]

Benefit Plans

6. BENEFIT PLANS

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (credit) by Registrant Subsidiary for the plans for the three and six months ended June 30, 2013 and 2012:

I&M
					Other Postretirement
	Pension Plans				Benefit Plans
	Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	2,184	$	2,477	$	805	$	1,655
Interest Cost		6,025		6,561		2,055		3,197
Expected Return on Plan Assets		(8,206)		(9,392)		(3,296)		(3,212)
Amortization of Transition Obligation		-		-		-		33
Amortization of Prior Service Cost (Credit)		48		102		(2,355)		(596)
Amortization of Net Actuarial Loss		5,422		4,393		1,881		1,763
Net Periodic Benefit Cost (Credit)	$	5,473	$	4,141	$	(910)	$	2,840

					Other Postretirement
	Pension Plans				Benefit Plans
	Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	4,368	$	4,954	$	1,610	$	3,310
Interest Cost		12,050		13,122		4,110		6,393
Expected Return on Plan Assets		(16,413)		(18,783)		(6,592)		(6,423)
Amortization of Transition Obligation		-		-		-		66
Amortization of Prior Service Cost (Credit)		97		204		(4,710)		(1,192)
Amortization of Net Actuarial Loss		10,844		8,785		3,763		3,525
Net Periodic Benefit Cost (Credit)	$	10,946	$	8,282	$	(1,819)	$	5,679

Ohio Power Co [Member]

Benefit Plans

6. BENEFIT PLANS

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (credit) by Registrant Subsidiary for the plans for the three and six months ended June 30, 2013 and 2012:

OPCo
					Other Postretirement
	Pension Plans				Benefit Plans
	Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	2,373	$	2,751	$	1,299	$	2,187
Interest Cost		10,292		11,299		4,447		6,048
Expected Return on Plan Assets		(15,142)		(17,101)		(6,239)		(5,639)
Amortization of Transition Obligation		-		-		-		26
Amortization of Prior Service Cost (Credit)		70		185		(3,230)		(968)
Amortization of Net Actuarial Loss		9,309		7,610		4,041		3,417
Net Periodic Benefit Cost	$	6,902	$	4,744	$	318	$	5,071

					Other Postretirement
	Pension Plans				Benefit Plans
	Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	4,745	$	5,502	$	2,599	$	4,374
Interest Cost		20,584		22,597		8,894		12,095
Expected Return on Plan Assets		(30,283)		(34,201)		(12,477)		(11,278)
Amortization of Transition Obligation		-		-		-		52
Amortization of Prior Service Cost (Credit)		141		371		(6,461)		(1,936)
Amortization of Net Actuarial Loss		18,618		15,220		8,082		6,834
Net Periodic Benefit Cost	$	13,805	$	9,489	$	637	$	10,141

Public Service Co Of Oklahoma [Member]

Benefit Plans

6. BENEFIT PLANS

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (credit) by Registrant Subsidiary for the plans for the three and six months ended June 30, 2013 and 2012:

PSO
					Other Postretirement
	Pension Plans				Benefit Plans
	Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	1,390	$	1,488	$	343	$	709
Interest Cost		2,749		3,075		948		1,450
Expected Return on Plan Assets		(3,919)		(4,504)		(1,522)		(1,481)
Amortization of Prior Service Cost (Credit)		74		(237)		(1,073)		(269)
Amortization of Net Actuarial Loss		2,461		2,051		869		797
Net Periodic Benefit Cost (Credit)	$	2,755	$	1,873	$	(435)	$	1,206

					Other Postretirement
	Pension Plans				Benefit Plans
	Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	2,781	$	2,976	$	686	$	1,418
Interest Cost		5,497		6,150		1,896		2,899
Expected Return on Plan Assets		(7,837)		(9,008)		(3,044)		(2,961)
Amortization of Prior Service Cost (Credit)		148		(474)		(2,145)		(539)
Amortization of Net Actuarial Loss		4,922		4,103		1,738		1,594
Net Periodic Benefit Cost (Credit)	$	5,511	$	3,747	$	(869)	$	2,411

Southwestern Electric Power Co [Member]

Benefit Plans

6. BENEFIT PLANS

Components of Net Periodic Benefit Cost

The following tables provide the components of net periodic benefit cost (credit) by Registrant Subsidiary for the plans for the three and six months ended June 30, 2013 and 2012:

SWEPCo
					Other Postretirement
	Pension Plans				Benefit Plans
	Three Months Ended June 30,				Three Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	1,753	$	1,774	$	423	$	831
Interest Cost		2,863		3,135		1,076		1,668
Expected Return on Plan Assets		(4,128)		(4,716)		(1,720)		(1,698)
Amortization of Prior Service Cost (Credit)		88		(199)		(1,290)		(233)
Amortization of Net Actuarial Loss		2,554		2,082		982		914
Net Periodic Benefit Cost (Credit)	$	3,130	$	2,076	$	(529)	$	1,482

					Other Postretirement
	Pension Plans				Benefit Plans
	Six Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
	(in thousands)
Service Cost	$	3,506	$	3,549	$	846	$	1,662
Interest Cost		5,727		6,269		2,151		3,336
Expected Return on Plan Assets		(8,255)		(9,433)		(3,440)		(3,397)
Amortization of Prior Service Cost (Credit)		175		(397)		(2,578)		(466)
Amortization of Net Actuarial Loss		5,107		4,165		1,964		1,829
Net Periodic Benefit Cost (Credit)	$	6,260	$	4,153	$	(1,057)	$	2,964

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 715

-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Implementation Guide (Q and A)

-Number FAS88

-Paragraph 63

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5, 6, 7, 8

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 03-2

-Paragraph 8

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 158

-Paragraph 7, 21, 22

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 87

-Paragraph 264

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 106

-Paragraph 518

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph b

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

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Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph h

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Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

-Paragraph 5

-Subparagraph q

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Reference 12: http://www.xbrl.org/2003/role/presentationRef

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-Name FASB Staff Position (FSP)

-Number FAS106-2

-Paragraph 20, 21, 22

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-Publisher AICPA

-Name Accounting Principles Board Opinion (APB)

-Number 30

-Paragraph 26

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-Name Statement of Financial Accounting Standard (FAS)

-Number 132R

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+ Details