Variable Interest Entities (Tables)

12 Months Ended

Dec. 31, 2023

Consolidated Assets And Liabilities Of Variable Interest Entities

December 31, 2023
	Consolidated VIEs
	SWEPCo Sabine		I&M DCC Fuel		AEP Texas Transition Funding			AEP Texas Restoration Funding			APCo Appalachian Consumer Rate Relief Funding			AEP Credit		Protected Cell of EIS		Transource Energy
	(in millions)
ASSETS
Current Assets	$	4.2	$	81.9	$	25.5		$	27.5		$	13.3		$	1,208.8	$	205.3	$	36.9
Net Property, Plant and Equipment	—		153.8		—			—			—			—		—		533.4
Other Noncurrent Assets	150.7		81.7		71.4		(a)	145.6		(b)	138.2		(c)	9.6		—		5.1
Total Assets	$	154.9	$	317.4	$	96.9		$	173.1		$	151.5		$	1,218.4	$	205.3	$	575.4
LIABILITIES AND EQUITY
Current Liabilities	$	19.9	$	81.7	$	75.5		$	36.8		$	29.9		$	1,155.0	$	49.2	$	45.3
Noncurrent Liabilities	134.8		235.7		17.0			135.1			119.7			0.9		91.7		241.5
Equity	0.2		—		4.4			1.2			1.9			62.5		64.4		288.6
Total Liabilities and Equity	$	154.9	$	317.4	$	96.9		$	173.1		$	151.5		$	1,218.4	$	205.3	$	575.4

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

(b)Includes an intercompany item eliminated in consolidation of $6 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, 2022
	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	$	108.3	$	90.2	$	27.0		$	21.1		$	13.5
Net Property, Plant and Equipment	7.2		179.1		—			—			—
Other Noncurrent Assets	130.0		94.0		140.9		(a)	168.8		(b)	164.6		(c)
Total Assets	$	245.5	$	363.3	$	167.9		$	189.9		$	178.1
LIABILITIES AND EQUITY
Current Liabilities	$	25.4	$	90.0	$	73.2		$	31.3		$	29.3
Noncurrent Liabilities	219.4		273.3		90.4			157.4			146.9
Equity	0.7		—		4.3			1.2			1.9
Total Liabilities and Equity	$	245.5	$	363.3	$	167.9		$	189.9		$	178.1

(a)Includes an intercompany item eliminated in consolidation of $16 million.

(b)Includes an intercompany item eliminated in consolidation of $7 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, 2022
	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	$	1,181.0	$	194.5	$	23.5	$	8.3	$	21.3	$	4.0
Net Property, Plant and Equipment	—		—		482.3		216.5		421.6		142.6
Other Noncurrent Assets	9.0		0.3		2.7		13.6		0.1		0.3
Total Assets	$	1,190.0	$	194.8	$	508.5	$	238.4	$	443.0	$	146.9
LIABILITIES AND EQUITY
Current Liabilities	$	1,087.8	$	46.4	$	22.8	$	4.5	$	9.6	$	1.0
Noncurrent Liabilities	0.9		79.1		218.6		5.4		7.3		0.7
Equity	101.3		69.3		267.1		228.5		426.1		145.2
Total Liabilities and Equity	$	1,190.0	$	194.8	$	508.5	$	238.4	$	443.0	$	146.9

SWEPCo's Investment In DHLC

	December 31,
	2023				2022
	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	0.4		0.4		0.4		0.4
SWEPCo’s Share of Obligations	—		19.2		—		36.8
Total Investment in DHLC	$	8.0	$	27.2	$	8.0	$	44.8

AEP's Investment In OVEC

	December 31,
	2023				2022
	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 Share of OVEC Debt (a)	—		465.3		—		478.2
Total Investment in OVEC	$	4.4	$	469.7	$	4.4	$	482.6

(a)Based on the Registrants’ power participation ratios, APCo, I&M and OPCo’s share of OVEC debt was $168 million, $84 million and $213 million as of December 31, 2023, respectively and $173 million, $86 million and $219 million as of December 31, 2022, respectively.

Purchased Power from OVEC

	Years Ended December 31,
Company	2023		2022		2021
	(in millions)
APCo	$	121.8	$	119.3	$	104.3
I&M	60.9		59.7		52.2
OPCo	154.7		151.8		133.0

Billings from Significant Variable Interest

	Years Ended December 31,
Company	2023		2022		2021
	(in millions)
AEP Texas	$	228.5	$	236.8	$	206.9
AEPTCo	269.9		286.6		267.1
APCo	324.9		347.5		313.3
I&M	178.4		192.4		200.9
OPCo	269.5		272.5		234.9
PSO	138.6		142.3		123.7
SWEPCo	185.1		192.5		168.6

Carrying Amount and Classification of Variable Interest in Accounts Payable

	December 31,
	2023				2022
Company	As Reported on the Balance Sheet		Maximum Exposure		As Reported on the Balance Sheet		Maximum Exposure
	(in millions)
AEP Texas	$	15.1	$	15.1	$	27.8	$	27.8
AEPTCo	17.9		17.9		31.6		31.6
APCo	21.1		21.1		41.5		41.5
I&M	14.3		14.3		27.7		27.7
OPCo	19.0		19.0		31.1		31.1
PSO	10.6		10.6		17.7		17.7
SWEPCo	12.7		12.7		23.8		23.8