Unaudited Quarterly Financial Information

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information [Text Block]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

In our opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of our results of operations for interim periods.  Quarterly results are not necessarily indicative of a full year’s operations because of various factors.  Our unaudited quarterly financial information is as follows:

	2014 Quarterly Periods Ended
	March 31		June 30		September 30		December 31
	(in millions – except per share amounts)
Total Revenues	$	4,648	$	4,044	$	4,302	$	4,026
Operating Income	1,041		767		925		499		(a)
Net Income	561		391		494		192		(a)
Earnings Attributable to AEP Common Shareholders	560		390		493		191
Total Basic Earnings per Share Attributable to AEP Common Shareholders (b)	1.15		0.80		1.01		0.39
Total Diluted Earnings per Share Attributable to AEP Common Shareholders (b)	1.15		0.80		1.01		0.39

	2013 Quarterly Periods Ended
	March 31		June 30			September 30			December 31
	(in millions – except per share amounts)
Total Revenues	$	3,826	$	3,582		$	4,176		$	3,773
Operating Income	755		547		(c)	875		(e)	678		(f)(g)
Net Income	364		339		(c)(d)	434		(e)	347		(f)(g)
Earnings Attributable to AEP Common Shareholders	363		338		(c)(d)	433		(e)	346		(f)(g)
Total Basic Earnings per Share Attributable to AEP Common Shareholders (b)	0.75		0.69			0.89			0.71
Total Diluted Earnings per Share Attributable to AEP Common Shareholders (b)	0.75		0.69			0.89			0.71

(a) Includes termination of a coal contract and a KPCo regulatory disallowance (see Note 4).

(b) Quarterly Earnings per Share amounts are intended to be stand-alone calculations and are not always additive to full-year amount due to rounding.

(c) Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7).

(d) Includes U.K. Windfall Tax benefit (see Note 12).

(e) Includes regulatory disallowances for the Turk Plant (see Note 4) and for Big Sandy Plant, Unit 2 (see Note 7).

(f) Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7).

(g) Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4).

Appalachian Power Co [Member]

Quarterly Financial Information [Text Block]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods.  Quarterly results are not necessarily indicative of a full year’s operations because of various factors.  The unaudited quarterly financial information for each Registrant Subsidiary is as follows:

Quarterly Periods Ended:	APCo			I&M		OPCo (a)			PSO		SWEPCo
	(in thousands)
March 31, 2014
Total Revenues	$	913,391		$	641,854	$	880,192		$	301,385	$	440,590
Operating Income	220,010			146,024		115,719			25,326		64,726
Net Income	101,851			87,089		60,774			8,448		22,962
June 30, 2014
Total Revenues	$	694,668		$	533,876	$	786,161		$	318,815	$	449,283
Operating Income	110,677			57,133		114,021			48,878		78,787
Net Income	36,247			27,334		56,535			22,449		32,823
September 30, 2014
Total Revenues	$	709,884		$	542,863	$	839,197		$	416,991	$	531,771
Operating Income	130,236			62,851		104,679			87,414		133,131
Net Income	48,758			26,626		54,060			45,086		74,547
December 31, 2014
Total Revenues	$	735,135		$	531,141	$	871,370		$	314,385	$	424,753
Operating Income	107,263			39,234		99,086			27,214		45,998
Net Income	28,559			14,598		45,053			10,946		14,227
Quarterly Periods Ended:	APCo			I&M		OPCo			PSO		SWEPCo
	(in thousands)
March 31, 2013
Total Revenues	$	951,494		$	583,393	$	1,233,790		$	262,289	$	394,317
Operating Income	164,560			81,230		244,813			33,552		50,639
Net Income	70,548			43,457		129,774			13,693		11,548
June 30, 2013
Total Revenues	$	746,504		$	549,501	$	1,102,994		$	324,687	$	420,173
Operating Income	92,072			77,533		73,072		(b)	58,471		77,032
Net Income	29,862			40,754		21,056		(b)	28,432		30,227
September 30, 2013
Total Revenues	$	849,733		$	638,865	$	1,279,176		$	411,083	$	552,933
Operating Income	147,692			102,364		312,795			95,832		52,359		(c)
Net Income	62,625			57,880		178,901			51,096		7,920		(c)
December 31, 2013
Total Revenues	$	869,675		$	595,100	$	1,146,655		$	297,463	$	428,380
Operating Income	101,954		(d)	60,734		162,418			23,380		163,813		(e)
Net Income	30,176		(d)	35,413		80,249			4,575		104,124		(e)

(a) Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power

to customers.

(b) Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7).

(c) Includes a regulatory disallowance for the Turk Plant (see Note 4).

(d) Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7).

(e) Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4).

Indiana Michigan Power Co [Member]

Quarterly Financial Information [Text Block]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods.  Quarterly results are not necessarily indicative of a full year’s operations because of various factors.  The unaudited quarterly financial information for each Registrant Subsidiary is as follows:

Quarterly Periods Ended:	APCo			I&M		OPCo (a)			PSO		SWEPCo
	(in thousands)
March 31, 2014
Total Revenues	$	913,391		$	641,854	$	880,192		$	301,385	$	440,590
Operating Income	220,010			146,024		115,719			25,326		64,726
Net Income	101,851			87,089		60,774			8,448		22,962
June 30, 2014
Total Revenues	$	694,668		$	533,876	$	786,161		$	318,815	$	449,283
Operating Income	110,677			57,133		114,021			48,878		78,787
Net Income	36,247			27,334		56,535			22,449		32,823
September 30, 2014
Total Revenues	$	709,884		$	542,863	$	839,197		$	416,991	$	531,771
Operating Income	130,236			62,851		104,679			87,414		133,131
Net Income	48,758			26,626		54,060			45,086		74,547
December 31, 2014
Total Revenues	$	735,135		$	531,141	$	871,370		$	314,385	$	424,753
Operating Income	107,263			39,234		99,086			27,214		45,998
Net Income	28,559			14,598		45,053			10,946		14,227
Quarterly Periods Ended:	APCo			I&M		OPCo			PSO		SWEPCo
	(in thousands)
March 31, 2013
Total Revenues	$	951,494		$	583,393	$	1,233,790		$	262,289	$	394,317
Operating Income	164,560			81,230		244,813			33,552		50,639
Net Income	70,548			43,457		129,774			13,693		11,548
June 30, 2013
Total Revenues	$	746,504		$	549,501	$	1,102,994		$	324,687	$	420,173
Operating Income	92,072			77,533		73,072		(b)	58,471		77,032
Net Income	29,862			40,754		21,056		(b)	28,432		30,227
September 30, 2013
Total Revenues	$	849,733		$	638,865	$	1,279,176		$	411,083	$	552,933
Operating Income	147,692			102,364		312,795			95,832		52,359		(c)
Net Income	62,625			57,880		178,901			51,096		7,920		(c)
December 31, 2013
Total Revenues	$	869,675		$	595,100	$	1,146,655		$	297,463	$	428,380
Operating Income	101,954		(d)	60,734		162,418			23,380		163,813		(e)
Net Income	30,176		(d)	35,413		80,249			4,575		104,124		(e)

(a) Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power

to customers.

(b) Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7).

(c) Includes a regulatory disallowance for the Turk Plant (see Note 4).

(d) Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7).

(e) Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4).

Ohio Power Co [Member]

Quarterly Financial Information [Text Block]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods.  Quarterly results are not necessarily indicative of a full year’s operations because of various factors.  The unaudited quarterly financial information for each Registrant Subsidiary is as follows:

Quarterly Periods Ended:	APCo			I&M		OPCo (a)			PSO		SWEPCo
	(in thousands)
March 31, 2014
Total Revenues	$	913,391		$	641,854	$	880,192		$	301,385	$	440,590
Operating Income	220,010			146,024		115,719			25,326		64,726
Net Income	101,851			87,089		60,774			8,448		22,962
June 30, 2014
Total Revenues	$	694,668		$	533,876	$	786,161		$	318,815	$	449,283
Operating Income	110,677			57,133		114,021			48,878		78,787
Net Income	36,247			27,334		56,535			22,449		32,823
September 30, 2014
Total Revenues	$	709,884		$	542,863	$	839,197		$	416,991	$	531,771
Operating Income	130,236			62,851		104,679			87,414		133,131
Net Income	48,758			26,626		54,060			45,086		74,547
December 31, 2014
Total Revenues	$	735,135		$	531,141	$	871,370		$	314,385	$	424,753
Operating Income	107,263			39,234		99,086			27,214		45,998
Net Income	28,559			14,598		45,053			10,946		14,227
Quarterly Periods Ended:	APCo			I&M		OPCo			PSO		SWEPCo
	(in thousands)
March 31, 2013
Total Revenues	$	951,494		$	583,393	$	1,233,790		$	262,289	$	394,317
Operating Income	164,560			81,230		244,813			33,552		50,639
Net Income	70,548			43,457		129,774			13,693		11,548
June 30, 2013
Total Revenues	$	746,504		$	549,501	$	1,102,994		$	324,687	$	420,173
Operating Income	92,072			77,533		73,072		(b)	58,471		77,032
Net Income	29,862			40,754		21,056		(b)	28,432		30,227
September 30, 2013
Total Revenues	$	849,733		$	638,865	$	1,279,176		$	411,083	$	552,933
Operating Income	147,692			102,364		312,795			95,832		52,359		(c)
Net Income	62,625			57,880		178,901			51,096		7,920		(c)
December 31, 2013
Total Revenues	$	869,675		$	595,100	$	1,146,655		$	297,463	$	428,380
Operating Income	101,954		(d)	60,734		162,418			23,380		163,813		(e)
Net Income	30,176		(d)	35,413		80,249			4,575		104,124		(e)

(a) Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power

to customers.

(b) Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7).

(c) Includes a regulatory disallowance for the Turk Plant (see Note 4).

(d) Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7).

(e) Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4).

Public Service Co Of Oklahoma [Member]

Quarterly Financial Information [Text Block]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods.  Quarterly results are not necessarily indicative of a full year’s operations because of various factors.  The unaudited quarterly financial information for each Registrant Subsidiary is as follows:

Quarterly Periods Ended:	APCo			I&M		OPCo (a)			PSO		SWEPCo
	(in thousands)
March 31, 2014
Total Revenues	$	913,391		$	641,854	$	880,192		$	301,385	$	440,590
Operating Income	220,010			146,024		115,719			25,326		64,726
Net Income	101,851			87,089		60,774			8,448		22,962
June 30, 2014
Total Revenues	$	694,668		$	533,876	$	786,161		$	318,815	$	449,283
Operating Income	110,677			57,133		114,021			48,878		78,787
Net Income	36,247			27,334		56,535			22,449		32,823
September 30, 2014
Total Revenues	$	709,884		$	542,863	$	839,197		$	416,991	$	531,771
Operating Income	130,236			62,851		104,679			87,414		133,131
Net Income	48,758			26,626		54,060			45,086		74,547
December 31, 2014
Total Revenues	$	735,135		$	531,141	$	871,370		$	314,385	$	424,753
Operating Income	107,263			39,234		99,086			27,214		45,998
Net Income	28,559			14,598		45,053			10,946		14,227
Quarterly Periods Ended:	APCo			I&M		OPCo			PSO		SWEPCo
	(in thousands)
March 31, 2013
Total Revenues	$	951,494		$	583,393	$	1,233,790		$	262,289	$	394,317
Operating Income	164,560			81,230		244,813			33,552		50,639
Net Income	70,548			43,457		129,774			13,693		11,548
June 30, 2013
Total Revenues	$	746,504		$	549,501	$	1,102,994		$	324,687	$	420,173
Operating Income	92,072			77,533		73,072		(b)	58,471		77,032
Net Income	29,862			40,754		21,056		(b)	28,432		30,227
September 30, 2013
Total Revenues	$	849,733		$	638,865	$	1,279,176		$	411,083	$	552,933
Operating Income	147,692			102,364		312,795			95,832		52,359		(c)
Net Income	62,625			57,880		178,901			51,096		7,920		(c)
December 31, 2013
Total Revenues	$	869,675		$	595,100	$	1,146,655		$	297,463	$	428,380
Operating Income	101,954		(d)	60,734		162,418			23,380		163,813		(e)
Net Income	30,176		(d)	35,413		80,249			4,575		104,124		(e)

(a) Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power

to customers.

(b) Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7).

(c) Includes a regulatory disallowance for the Turk Plant (see Note 4).

(d) Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7).

(e) Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4).

Southwestern Electric Power Co [Member]

Quarterly Financial Information [Text Block]

UNAUDITED QUARTERLY FINANCIAL INFORMATION

In management’s opinion, the unaudited quarterly information reflects all normal and recurring accruals and adjustments necessary for a fair presentation of the results of operations for interim periods.  Quarterly results are not necessarily indicative of a full year’s operations because of various factors.  The unaudited quarterly financial information for each Registrant Subsidiary is as follows:

Quarterly Periods Ended:	APCo			I&M		OPCo (a)			PSO		SWEPCo
	(in thousands)
March 31, 2014
Total Revenues	$	913,391		$	641,854	$	880,192		$	301,385	$	440,590
Operating Income	220,010			146,024		115,719			25,326		64,726
Net Income	101,851			87,089		60,774			8,448		22,962
June 30, 2014
Total Revenues	$	694,668		$	533,876	$	786,161		$	318,815	$	449,283
Operating Income	110,677			57,133		114,021			48,878		78,787
Net Income	36,247			27,334		56,535			22,449		32,823
September 30, 2014
Total Revenues	$	709,884		$	542,863	$	839,197		$	416,991	$	531,771
Operating Income	130,236			62,851		104,679			87,414		133,131
Net Income	48,758			26,626		54,060			45,086		74,547
December 31, 2014
Total Revenues	$	735,135		$	531,141	$	871,370		$	314,385	$	424,753
Operating Income	107,263			39,234		99,086			27,214		45,998
Net Income	28,559			14,598		45,053			10,946		14,227
Quarterly Periods Ended:	APCo			I&M		OPCo			PSO		SWEPCo
	(in thousands)
March 31, 2013
Total Revenues	$	951,494		$	583,393	$	1,233,790		$	262,289	$	394,317
Operating Income	164,560			81,230		244,813			33,552		50,639
Net Income	70,548			43,457		129,774			13,693		11,548
June 30, 2013
Total Revenues	$	746,504		$	549,501	$	1,102,994		$	324,687	$	420,173
Operating Income	92,072			77,533		73,072		(b)	58,471		77,032
Net Income	29,862			40,754		21,056		(b)	28,432		30,227
September 30, 2013
Total Revenues	$	849,733		$	638,865	$	1,279,176		$	411,083	$	552,933
Operating Income	147,692			102,364		312,795			95,832		52,359		(c)
Net Income	62,625			57,880		178,901			51,096		7,920		(c)
December 31, 2013
Total Revenues	$	869,675		$	595,100	$	1,146,655		$	297,463	$	428,380
Operating Income	101,954		(d)	60,734		162,418			23,380		163,813		(e)
Net Income	30,176		(d)	35,413		80,249			4,575		104,124		(e)

(a) Prior to January 1, 2014, OPCo engaged in the generation of electric power and the subsequent sale of that power

to customers.

(b) Includes an impairment for Muskingum River Plant, Unit 5 (see Note 7).

(c) Includes a regulatory disallowance for the Turk Plant (see Note 4).

(d) Includes a regulatory disallowance for Amos Plant, Unit 3 (see Note 7).

(e) Includes the reversal of regulatory disallowance for the Turk Plant (see Note 4).