XML 75 R54.htm IDEA: XBRL DOCUMENT v3.19.3
Fair Value Long-term Debt, Other Temporary Investments, Nuclear Trusts (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding $ 25,881.2   $ 25,881.2   $ 23,346.7
Long Term Debt, Fair Value 29,729.1 [1]   29,729.1 [1]   24,093.9
Other Temporary Investments          
Cost 322.0   322.0   355.0
Gross Unrealized Gains 17.6   17.6   16.4
Gross Unrealized Losses (0.2)   (0.2)   (2.3)
Other Short-term Investments 339.4   339.4   369.1
Debt and Equity Securities Within Other Temporary Investments          
Proceeds from Investment Sales 2.8 $ 0.0 2.8 $ 0.0  
Purchases of Investments 26.9 0.8 35.8 2.2  
Gross Realized Gains on Investment Sales 0.0 0.0 0.0 0.0  
Gross Realized Losses on Investment Sales 0.0 0.0 0.0 0.0  
Nuclear Trust Fund Investments          
Fair Value 2,835.2   2,835.2   2,474.9
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 2,835.2   2,835.2   2,474.9
Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Unrealized Gain on Securities     1,000.0   784.0
Nuclear Trust Fund Investments          
Gross Unrealized Gains     1,112.3   794.7
Other-Than-Temporary Impairments     (7.7)   (9.2)
Securities Activity Within Decommissioning and SNF Trusts          
Proceeds from Investment Sales 671.9 513.1 871.4 1,550.9  
Purchases of Investments 689.1 521.2 915.7 1,589.0  
Gross Realized Gains on Investment Sales 10.9 3.9 26.6 27.7  
Gross Realized Losses on Investment Sales 7.1 3.5 15.1 22.2  
Contractual Maturities, Fair Value of Debt Securities          
Within 1 year 334.9   334.9    
After 1 year through 5 years 390.9   390.9    
After 5 years through 10 years 199.2   199.2    
After 10 years 198.5   198.5    
Fair Value Measurements (Textuals)          
Adjusted Cost of Debt Securities 1,000.0   1,000.0   1,000.0
Adjusted Cost of Domestic Equity Securities 657.0   657.0   629.0
Unrealized Loss on Securities     9.0   18.0
Cash [Member]          
Other Temporary Investments          
Cost [2] 160.1   160.1   230.6
Gross Unrealized Gains [2] 0.0   0.0   0.0
Gross Unrealized Losses [2] 0.0   0.0   0.0
Other Short-term Investments [2],[3] 160.1   160.1   230.6
Fixed Income Funds [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,123.5   1,123.5   1,057.1
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,123.5   1,123.5   1,057.1
Fixed Income Funds [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     74.6   28.4
Other-Than-Temporary Impairments     (7.7)   (9.2)
Mutual Funds Fixed Income [Member]          
Other Temporary Investments          
Cost [4] 133.4   133.4   106.6
Gross Unrealized Gains [4] 0.0   0.0   0.0
Gross Unrealized Losses [4] (0.2)   (0.2)   (2.3)
Other Short-term Investments [4] 133.2   133.2   104.3
Domestic [Member]          
Nuclear Trust Fund Investments          
Fair Value [5] 1,694.3   1,694.3   1,395.3
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [5] 1,694.3   1,694.3   1,395.3
Domestic [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains [6]     1,037.7   766.3
Other-Than-Temporary Impairments [6]     0.0   0.0
Mutual Funds Equity [Member]          
Other Temporary Investments          
Cost 28.5   28.5   17.8
Gross Unrealized Gains 17.6   17.6   16.4
Gross Unrealized Losses 0.0   0.0   0.0
Other Short-term Investments [5] 46.1   46.1   34.2
Cash and Cash Equivalents [Member]          
Nuclear Trust Fund Investments          
Fair Value [7] 17.4   17.4   22.5
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [7] 17.4   17.4   22.5
Cash and Cash Equivalents [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     0.0   0.0
Other-Than-Temporary Impairments     0.0   0.0
US Government Agencies Debt Securities [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,047.4   1,047.4   996.1
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,047.4   1,047.4   996.1
US Government Agencies Debt Securities [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     67.8   26.7
Other-Than-Temporary Impairments     (5.8)   (7.1)
Corporate Debt [Member]          
Nuclear Trust Fund Investments          
Fair Value 68.6   68.6   52.4
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 68.6   68.6   52.4
Corporate Debt [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     6.1   1.1
Other-Than-Temporary Impairments     (1.7)   (1.9)
State and Local Jurisdiction [Member]          
Nuclear Trust Fund Investments          
Fair Value 7.5   7.5   8.6
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 7.5   7.5   8.6
State and Local Jurisdiction [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     0.7   0.6
Other-Than-Temporary Impairments     (0.2)   (0.2)
AEP Texas Inc. [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 4,146.5   4,146.5   3,881.3
Long Term Debt, Fair Value 4,631.5   4,631.5   3,964.6
AEP Transmission Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 3,511.9   3,511.9   2,823.0
Long Term Debt, Fair Value 3,984.9   3,984.9   2,782.4
Appalachian Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 4,362.9   4,362.9   4,062.6
Long Term Debt, Fair Value 5,370.2   5,370.2   4,473.3
Indiana Michigan Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 3,031.5   3,031.5   3,035.4
Long Term Debt, Fair Value 3,497.3   3,497.3   3,070.2
Nuclear Trust Fund Investments          
Fair Value 2,835.2   2,835.2   2,474.9
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 2,835.2   2,835.2   2,474.9
Indiana Michigan Power Co [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Unrealized Gain on Securities     1,000.0   784.0
Nuclear Trust Fund Investments          
Gross Unrealized Gains     1,112.3   794.7
Other-Than-Temporary Impairments     (7.7)   (9.2)
Securities Activity Within Decommissioning and SNF Trusts          
Proceeds from Investment Sales 671.9 513.1 871.4 1,550.9  
Purchases of Investments 689.1 521.2 915.7 1,589.0  
Gross Realized Gains on Investment Sales 10.9 3.9 26.6 27.7  
Gross Realized Losses on Investment Sales 7.1 $ 3.5 15.1 $ 22.2  
Contractual Maturities, Fair Value of Debt Securities          
Within 1 year 334.9   334.9    
After 1 year through 5 years 390.9   390.9    
After 5 years through 10 years 199.2   199.2    
After 10 years 198.5   198.5    
Fair Value Measurements (Textuals)          
Adjusted Cost of Debt Securities 1,000.0   1,000.0   1,000.0
Adjusted Cost of Domestic Equity Securities 657.0   657.0   629.0
Unrealized Loss on Securities     9.0   18.0
Indiana Michigan Power Co [Member] | Fixed Income Funds [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,123.5   1,123.5   1,057.1
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,123.5   1,123.5   1,057.1
Indiana Michigan Power Co [Member] | Fixed Income Funds [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     74.6   28.4
Other-Than-Temporary Impairments     (7.7)   (9.2)
Indiana Michigan Power Co [Member] | Domestic [Member]          
Nuclear Trust Fund Investments          
Fair Value [5] 1,694.3   1,694.3   1,395.3
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [5] 1,694.3   1,694.3   1,395.3
Indiana Michigan Power Co [Member] | Domestic [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains [6]     1,037.7   766.3
Other-Than-Temporary Impairments [6]     0.0   0.0
Indiana Michigan Power Co [Member] | Cash and Cash Equivalents [Member]          
Nuclear Trust Fund Investments          
Fair Value [7] 17.4   17.4   22.5
Contractual Maturities, Fair Value of Debt Securities          
Fair Value [7] 17.4   17.4   22.5
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   0.0
Other-Than-Temporary Impairments     0.0   0.0
Indiana Michigan Power Co [Member] | US Government Agencies Debt Securities [Member]          
Nuclear Trust Fund Investments          
Fair Value 1,047.4   1,047.4   996.1
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 1,047.4   1,047.4   996.1
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     67.8   26.7
Other-Than-Temporary Impairments     (5.8)   (7.1)
Indiana Michigan Power Co [Member] | Corporate Debt [Member]          
Nuclear Trust Fund Investments          
Fair Value 68.6   68.6   52.4
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 68.6   68.6   52.4
Indiana Michigan Power Co [Member] | Corporate Debt [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     6.1   1.1
Other-Than-Temporary Impairments     (1.7)   (1.9)
Indiana Michigan Power Co [Member] | State and Local Jurisdiction [Member]          
Nuclear Trust Fund Investments          
Fair Value 7.5   7.5   8.6
Contractual Maturities, Fair Value of Debt Securities          
Fair Value 7.5   7.5   8.6
Indiana Michigan Power Co [Member] | State and Local Jurisdiction [Member] | Spent Nuclear Fuel and Decommissioning Trusts [Member]          
Nuclear Trust Fund Investments          
Gross Unrealized Gains     0.7   0.6
Other-Than-Temporary Impairments     (0.2)   (0.2)
Ohio Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 2,113.9   2,113.9   1,716.6
Long Term Debt, Fair Value 2,618.5   2,618.5   1,919.7
Public Service Co Of Oklahoma [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 1,386.4   1,386.4   1,287.0
Long Term Debt, Fair Value 1,632.9   1,632.9   1,361.9
Southwestern Electric Power Co [Member]          
Book Values and Fair Values of Long - term Debt          
Total Long-term Debt Outstanding 2,656.9   2,656.9   2,713.4
Long Term Debt, Fair Value 2,983.0   2,983.0   $ 2,670.2
Equity Units [Member]          
Book Values and Fair Values of Long - term Debt          
Long Term Debt, Fair Value $ 887.0   $ 887.0    
[1]
The fair value amount includes debt related to AEP’s Equity Units issued in March 2019 and has a fair value of $887 million as of September 30, 2019. See “Equity Units” section of Note 13 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 billion and $784 million and unrealized losses of $9 million and $18 million as of September 30, 2019 and December 31, 2018, respectively. AEP adopted ASU 2016-01 during the first quarter of 2018 by means of a modified retrospective approach. Due to the adoption of the ASU, Other-Than-Temporary Impairments are no longer applicable to Equity Securities with readily determinable fair values.
[7]
Amounts in “Other’’ column primarily represent accrued interest receivables from financial institutions.  Level 1 amounts primarily represent investments in money market funds.