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New Accounting Pronouncements
6 Months Ended
Jun. 30, 2011
Appalachian Power Co [Member]
 
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
New Accounting Pronouncements

2. NEW ACCOUNTING PRONOUNCEMENTS

 

Upon issuance of final pronouncements, management reviews the new accounting literature to determine its relevance, if any, to the Registrant Subsidiaries' business. The following represents a summary of final pronouncements that impact the financial statements.

 

Pronouncements Issued During 2011

 

The following standard was issued during the first six months of 2011. The following paragraphs discuss its impact on future financial statements.

 

ASU 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05)

 

In June 2011, the FASB issued ASU 2011-05 eliminating the option to present the components of other comprehensive income as a part of the statement of shareholders' equity. The standard requires other comprehensive income be presented as part of a single continuous statement of comprehensive income or in a statement of other comprehensive income immediately following the statement of net income. Reclassification adjustments from other comprehensive income to net income must be presented on the face of the financial statements. This standard must be retrospectively applied to all reporting periods presented in financial reports issued after the effective date.

 

The new accounting guidance is effective for interim and annual periods beginning after December 15, 2011. This standard will change the presentation of the financial statements but will not affect the calculation of net income or comprehensive income. The Registrant Subsidiaries will adopt ASU 2011-05 effective January 1, 2012.

Columbus Southern Power Co [Member]
 
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
New Accounting Pronouncements

2. NEW ACCOUNTING PRONOUNCEMENTS

 

Upon issuance of final pronouncements, management reviews the new accounting literature to determine its relevance, if any, to the Registrant Subsidiaries' business. The following represents a summary of final pronouncements that impact the financial statements.

 

Pronouncements Issued During 2011

 

The following standard was issued during the first six months of 2011. The following paragraphs discuss its impact on future financial statements.

 

ASU 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05)

 

In June 2011, the FASB issued ASU 2011-05 eliminating the option to present the components of other comprehensive income as a part of the statement of shareholders' equity. The standard requires other comprehensive income be presented as part of a single continuous statement of comprehensive income or in a statement of other comprehensive income immediately following the statement of net income. Reclassification adjustments from other comprehensive income to net income must be presented on the face of the financial statements. This standard must be retrospectively applied to all reporting periods presented in financial reports issued after the effective date.

 

The new accounting guidance is effective for interim and annual periods beginning after December 15, 2011. This standard will change the presentation of the financial statements but will not affect the calculation of net income or comprehensive income. The Registrant Subsidiaries will adopt ASU 2011-05 effective January 1, 2012.

 

Indiana Michigan Power Co [Member]
 
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
New Accounting Pronouncements

2. NEW ACCOUNTING PRONOUNCEMENTS

 

Upon issuance of final pronouncements, management reviews the new accounting literature to determine its relevance, if any, to the Registrant Subsidiaries' business. The following represents a summary of final pronouncements that impact the financial statements.

 

Pronouncements Issued During 2011

 

The following standard was issued during the first six months of 2011. The following paragraphs discuss its impact on future financial statements.

 

ASU 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05)

 

In June 2011, the FASB issued ASU 2011-05 eliminating the option to present the components of other comprehensive income as a part of the statement of shareholders' equity. The standard requires other comprehensive income be presented as part of a single continuous statement of comprehensive income or in a statement of other comprehensive income immediately following the statement of net income. Reclassification adjustments from other comprehensive income to net income must be presented on the face of the financial statements. This standard must be retrospectively applied to all reporting periods presented in financial reports issued after the effective date.

 

The new accounting guidance is effective for interim and annual periods beginning after December 15, 2011. This standard will change the presentation of the financial statements but will not affect the calculation of net income or comprehensive income. The Registrant Subsidiaries will adopt ASU 2011-05 effective January 1, 2012.

 

Ohio Power Co [Member]
 
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
New Accounting Pronouncements

2. NEW ACCOUNTING PRONOUNCEMENTS

 

Upon issuance of final pronouncements, management reviews the new accounting literature to determine its relevance, if any, to the Registrant Subsidiaries' business. The following represents a summary of final pronouncements that impact the financial statements.

 

Pronouncements Issued During 2011

 

The following standard was issued during the first six months of 2011. The following paragraphs discuss its impact on future financial statements.

 

ASU 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05)

 

In June 2011, the FASB issued ASU 2011-05 eliminating the option to present the components of other comprehensive income as a part of the statement of shareholders' equity. The standard requires other comprehensive income be presented as part of a single continuous statement of comprehensive income or in a statement of other comprehensive income immediately following the statement of net income. Reclassification adjustments from other comprehensive income to net income must be presented on the face of the financial statements. This standard must be retrospectively applied to all reporting periods presented in financial reports issued after the effective date.

 

The new accounting guidance is effective for interim and annual periods beginning after December 15, 2011. This standard will change the presentation of the financial statements but will not affect the calculation of net income or comprehensive income. The Registrant Subsidiaries will adopt ASU 2011-05 effective January 1, 2012.

 

Public Service Co Of Oklahoma [Member]
 
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
New Accounting Pronouncements

2. NEW ACCOUNTING PRONOUNCEMENTS

 

Upon issuance of final pronouncements, management reviews the new accounting literature to determine its relevance, if any, to the Registrant Subsidiaries' business. The following represents a summary of final pronouncements that impact the financial statements.

 

Pronouncements Issued During 2011

 

The following standard was issued during the first six months of 2011. The following paragraphs discuss its impact on future financial statements.

 

ASU 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05)

 

In June 2011, the FASB issued ASU 2011-05 eliminating the option to present the components of other comprehensive income as a part of the statement of shareholders' equity. The standard requires other comprehensive income be presented as part of a single continuous statement of comprehensive income or in a statement of other comprehensive income immediately following the statement of net income. Reclassification adjustments from other comprehensive income to net income must be presented on the face of the financial statements. This standard must be retrospectively applied to all reporting periods presented in financial reports issued after the effective date.

 

The new accounting guidance is effective for interim and annual periods beginning after December 15, 2011. This standard will change the presentation of the financial statements but will not affect the calculation of net income or comprehensive income. The Registrant Subsidiaries will adopt ASU 2011-05 effective January 1, 2012.

 

Southwestern Electric Power Co [Member]
 
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]  
New Accounting Pronouncements

2. NEW ACCOUNTING PRONOUNCEMENTS

 

Upon issuance of final pronouncements, management reviews the new accounting literature to determine its relevance, if any, to the Registrant Subsidiaries' business. The following represents a summary of final pronouncements that impact the financial statements.

 

Pronouncements Issued During 2011

 

The following standard was issued during the first six months of 2011. The following paragraphs discuss its impact on future financial statements.

 

ASU 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05)

 

In June 2011, the FASB issued ASU 2011-05 eliminating the option to present the components of other comprehensive income as a part of the statement of shareholders' equity. The standard requires other comprehensive income be presented as part of a single continuous statement of comprehensive income or in a statement of other comprehensive income immediately following the statement of net income. Reclassification adjustments from other comprehensive income to net income must be presented on the face of the financial statements. This standard must be retrospectively applied to all reporting periods presented in financial reports issued after the effective date.

 

The new accounting guidance is effective for interim and annual periods beginning after December 15, 2011. This standard will change the presentation of the financial statements but will not affect the calculation of net income or comprehensive income. The Registrant Subsidiaries will adopt ASU 2011-05 effective January 1, 2012.