XML 63 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2014
Dec. 31, 2013
Current Assets    
Cash and Cash Equivalents $ 190,000,000 $ 118,000,000
Other Temporary Investments 377,000,000 353,000,000
Accounts Receivable:    
Customers 774,000,000 746,000,000
Accrued Unbilled Revenues 59,000,000 157,000,000
Pledged Accounts Receivable - AEP Credit 1,060,000,000 945,000,000
Miscellaneous 60,000,000 72,000,000
Allowance for Uncollectible Accounts (27,000,000) (60,000,000)
Total Accounts Receivable 1,926,000,000 1,860,000,000
Fuel 471,000,000 701,000,000
Materials and Supplies 748,000,000 722,000,000
Risk Management Assets 146,000,000 160,000,000
Regulatory Asset for Under-Recovered Fuel Costs 158,000,000 80,000,000
Margin Deposits 78,000,000 70,000,000
Prepayments and Other Current Assets 229,000,000 246,000,000
TOTAL CURRENT ASSETS 4,323,000,000 4,310,000,000
Property, Plant and Equipment    
Generation 25,401,000,000 25,074,000,000
Transmission 11,420,000,000 10,893,000,000
Distribution 16,716,000,000 16,377,000,000
Other Property, Plant and Equipment 5,642,000,000 5,470,000,000
Construction Work in Progress 2,886,000,000 2,471,000,000
Total Property, Plant and Equipment 62,065,000,000 60,285,000,000
Accumulated Depreciation and Amortization 19,792,000,000 19,288,000,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 42,273,000,000 40,997,000,000
Other Noncurrent Assets    
Regulatory Assets 4,390,000,000 4,376,000,000
Securitized Assets 2,244,000,000 2,373,000,000
Spent Nuclear Fuel and Decommissioning Trusts 2,019,000,000 1,932,000,000
Goodwill 91,000,000 91,000,000
Long-term Risk Management Assets 224,000,000 297,000,000
Deferred Charges and Other Noncurrent Assets 2,056,000,000 2,038,000,000
TOTAL OTHER NONCURRENT ASSETS 11,024,000,000 11,107,000,000
TOTAL ASSETS 57,620,000,000 56,414,000,000
Current Liabilities    
Accounts Payable 1,228,000,000 1,266,000,000
Short-term Debt:    
Securitized Debt for Receivable - AEP Credit 750,000,000 [1] 700,000,000 [1]
Other Short-term Debt 732,000,000 57,000,000
Total Short-term Debt 1,482,000,000 757,000,000
Long-term Debt Due Within One Year 2,524,000,000 1,549,000,000
Long-term Debt Due Within One Year - Affiliated 0 0
Risk Management Liabilities 60,000,000 90,000,000
Customer Deposits 306,000,000 299,000,000
Accrued Taxes 692,000,000 822,000,000
Accrued Interest 240,000,000 245,000,000
Regulatory Liability for Over-Recovered Fuel Costs 58,000,000 119,000,000
Other Current Liabilities 1,010,000,000 965,000,000
TOTAL CURRENT LIABILITIES 7,600,000,000 6,112,000,000
Noncurrent Liabilities    
Long-term Debt 15,601,000,000 16,828,000,000
Long-term Debt - Affiliated 0 0
Long-term Risk Management Liabilities 115,000,000 177,000,000
Deferred Income Taxes 10,463,000,000 10,300,000,000
Regulatory Liabilities and Deferred Investment Tax Credits 3,840,000,000 3,694,000,000
Asset Retirement Obligations 1,908,000,000 1,835,000,000
Employee Benefits and Pension Obligations 411,000,000 415,000,000
Deferred Credits and Other Noncurrent Liabilities 1,097,000,000 967,000,000
TOTAL NONCURRENT LIABILITIES 33,435,000,000 34,216,000,000
TOTAL LIABILITIES 41,035,000,000 40,328,000,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 3,308,000,000 3,303,000,000
Paid-in Capital 6,155,000,000 6,131,000,000
Retained Earnings 7,222,000,000 6,766,000,000
Accumulated Other Comprehensive Income (Loss) (104,000,000) (115,000,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 16,581,000,000 16,085,000,000
Noncontrolling Interests 4,000,000 1,000,000
TOTAL EQUITY 16,585,000,000 16,086,000,000
TOTAL LIABILITIES AND EQUITY 57,620,000,000 56,414,000,000
Appalachian Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 3,213,000 2,745,000
Advances to Affiliates 28,794,000 92,485,000
Accounts Receivable:    
Customers 125,999,000 142,010,000
Affiliated Companies 52,876,000 113,793,000
Accrued Unbilled Revenues 37,911,000 55,930,000
Miscellaneous 608,000 412,000
Allowance for Uncollectible Accounts (2,742,000) (2,443,000)
Total Accounts Receivable 214,652,000 309,702,000
Fuel 119,973,000 191,811,000
Materials and Supplies 131,561,000 128,843,000
Risk Management Assets 24,819,000 21,171,000
Regulatory Asset for Under-Recovered Fuel Costs 76,364,000 39,811,000
Prepayments and Other Current Assets 37,111,000 16,472,000
TOTAL CURRENT ASSETS 636,487,000 803,040,000
Property, Plant and Equipment    
Generation 6,805,605,000 6,745,172,000
Transmission 2,186,855,000 2,160,660,000
Distribution 3,192,082,000 3,139,150,000
Other Property, Plant and Equipment 369,950,000 357,517,000
Construction Work in Progress 222,129,000 184,701,000
Total Property, Plant and Equipment 12,776,621,000 12,587,200,000
Accumulated Depreciation and Amortization 3,739,411,000 3,617,990,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 9,037,210,000 8,969,210,000
Other Noncurrent Assets    
Regulatory Assets 1,006,282,000 1,003,890,000
Securitized Assets 360,612,000 369,355,000
Long-term Risk Management Assets 8,110,000 16,948,000
Deferred Charges and Other Noncurrent Assets 146,418,000 148,205,000
TOTAL OTHER NONCURRENT ASSETS 1,521,422,000 1,538,398,000
TOTAL ASSETS 11,195,119,000 11,310,648,000
Current Liabilities    
Accounts Payable 171,159,000 169,184,000
Affiliated Companies 74,714,000 120,789,000
Short-term Debt:    
Long-term Debt Due Within One Year 653,400,000 342,360,000
Long-term Debt Due Within One Year - Affiliated 86,000,000 0
Risk Management Liabilities 4,226,000 8,892,000
Customer Deposits 65,167,000 66,040,000
Deferred Income Taxes 27,518,000 6,899,000
Accrued Taxes 95,917,000 114,699,000
Accrued Interest 54,906,000 51,899,000
Regulatory Liability for Over-Recovered Fuel Costs 31,776,000 107,048,000
Other Current Liabilities 84,470,000 97,566,000
TOTAL CURRENT LIABILITIES 1,349,253,000 1,085,376,000
Noncurrent Liabilities    
Long-term Debt 3,253,217,000 3,765,997,000
Long-term Debt - Affiliated 0 86,000,000
Long-term Risk Management Liabilities 3,766,000 10,241,000
Deferred Income Taxes 2,315,231,000 2,232,441,000
Regulatory Liabilities and Deferred Investment Tax Credits 668,971,000 631,225,000
Employee Benefits and Pension Obligations 98,039,000 82,264,000
Deferred Credits and Other Noncurrent Liabilities 179,366,000 187,672,000
TOTAL NONCURRENT LIABILITIES 6,518,590,000 6,995,840,000
TOTAL LIABILITIES 7,867,843,000 8,081,216,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 260,458,000 260,458,000
Paid-in Capital 1,809,562,000 1,809,562,000
Retained Earnings 1,254,559,000 1,156,461,000
Accumulated Other Comprehensive Income (Loss) 2,697,000 2,951,000
TOTAL EQUITY 3,327,276,000 3,229,432,000
TOTAL LIABILITIES AND EQUITY 11,195,119,000 11,310,648,000
Indiana Michigan Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 1,658,000 1,317,000
Advances to Affiliates 13,506,000 55,863,000
Accounts Receivable:    
Customers 60,633,000 63,011,000
Affiliated Companies 50,517,000 78,282,000
Accrued Unbilled Revenues 5,077,000 17,293,000
Miscellaneous 1,581,000 5,064,000
Allowance for Uncollectible Accounts (8,000) (184,000)
Total Accounts Receivable 117,800,000 163,466,000
Fuel 52,645,000 53,807,000
Materials and Supplies 206,577,000 209,718,000
Risk Management Assets 17,889,000 15,388,000
Accrued Tax Benefits 28,758,000 48,832,000
Prepayments and Other Current Assets 28,376,000 38,103,000
TOTAL CURRENT ASSETS 467,209,000 586,494,000
Property, Plant and Equipment    
Generation 3,606,655,000 3,577,906,000
Transmission 1,328,541,000 1,304,225,000
Distribution 1,657,901,000 1,625,057,000
Other Property, Plant and Equipment 1,454,312,000 1,421,361,000
Construction Work in Progress 518,635,000 427,164,000
Total Property, Plant and Equipment 8,566,044,000 8,355,713,000
Accumulated Depreciation and Amortization 3,371,379,000 3,299,349,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 5,194,665,000 5,056,364,000
Other Noncurrent Assets    
Regulatory Assets 506,770,000 524,114,000
Spent Nuclear Fuel and Decommissioning Trusts 2,018,506,000 1,931,610,000
Long-term Risk Management Assets 5,407,000 11,495,000
Deferred Charges and Other Noncurrent Assets 130,542,000 143,657,000
TOTAL OTHER NONCURRENT ASSETS 2,661,225,000 2,610,876,000
TOTAL ASSETS 8,323,099,000 8,253,734,000
Current Liabilities    
Advances from Affiliates 47,353,000 0
Accounts Payable 163,598,000 142,219,000
Affiliated Companies 67,241,000 93,773,000
Short-term Debt:    
Long-term Debt Due Within One Year 260,728,000 294,845,000
Risk Management Liabilities 3,477,000 7,029,000
Customer Deposits 32,966,000 31,103,000
Accrued Taxes 67,151,000 73,292,000
Accrued Interest 26,961,000 27,686,000
Obligations Under Capital Leases 46,420,000 46,210,000
Other Current Liabilities 137,383,000 139,088,000
TOTAL CURRENT LIABILITIES 853,278,000 855,245,000
Noncurrent Liabilities    
Long-term Debt 1,718,313,000 1,744,171,000
Long-term Risk Management Liabilities 2,554,000 6,946,000
Deferred Income Taxes 1,184,067,000 1,183,350,000
Regulatory Liabilities and Deferred Investment Tax Credits 1,170,362,000 1,112,645,000
Asset Retirement Obligations 1,284,364,000 1,255,184,000
Deferred Credits and Other Noncurrent Liabilities 147,724,000 174,040,000
TOTAL NONCURRENT LIABILITIES 5,507,384,000 5,476,336,000
TOTAL LIABILITIES 6,360,662,000 6,331,581,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 56,584,000 56,584,000
Paid-in Capital 980,896,000 980,896,000
Retained Earnings 939,605,000 900,182,000
Accumulated Other Comprehensive Income (Loss) (14,648,000) (15,509,000)
TOTAL EQUITY 1,962,437,000 1,922,153,000
TOTAL LIABILITIES AND EQUITY 8,323,099,000 8,253,734,000
Ohio Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 4,475,000 3,004,000
Restricted Cash for Securitized Funding 43,003,000 19,387,000
Advances to Affiliates 0 339,070,000
Accounts Receivable:    
Customers 58,336,000 67,054,000
Affiliated Companies 65,704,000 74,771,000
Accrued Unbilled Revenues 22,230,000 36,353,000
Miscellaneous 607,000 1,559,000
Allowance for Uncollectible Accounts (170,000) (34,984,000)
Total Accounts Receivable 146,707,000 144,753,000
Notes Receivable Due Within One Year - Affiliated 125,130,000 178,580,000
Materials and Supplies 57,916,000 53,711,000
Risk Management Assets 9,299,000 3,082,000
Deferred Income Tax Benefits 17,190,000 36,105,000
Accrued Tax Benefits 5,164,000 7,109,000
Prepayments and Other Current Assets 6,063,000 22,312,000
TOTAL CURRENT ASSETS 414,947,000 807,113,000
Property, Plant and Equipment    
Transmission 2,054,005,000 2,011,289,000
Distribution 3,953,298,000 3,877,532,000
Other Property, Plant and Equipment 384,803,000 364,573,000
Construction Work in Progress 200,658,000 185,428,000
Total Property, Plant and Equipment 6,592,764,000 6,438,822,000
Accumulated Depreciation and Amortization 1,999,165,000 1,973,042,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 4,593,599,000 4,465,780,000
Other Noncurrent Assets    
Notes Receivable - Affiliated 32,245,000 118,245,000
Regulatory Assets 1,412,717,000 1,378,697,000
Securitized Assets 121,613,000 131,582,000
Deferred Charges and Other Noncurrent Assets 160,460,000 260,141,000
TOTAL OTHER NONCURRENT ASSETS 1,727,035,000 1,888,665,000
TOTAL ASSETS 6,735,581,000 7,161,558,000
Current Liabilities    
Advances from Affiliates 34,723,000 0
Accounts Payable 124,119,000 146,307,000
Affiliated Companies 155,441,000 222,889,000
Short-term Debt:    
Long-term Debt Due Within One Year 182,335,000 438,595,000
Customer Deposits 49,620,000 49,140,000
Accrued Taxes 276,729,000 429,260,000
Accrued Interest 36,184,000 40,853,000
Other Current Liabilities 93,008,000 95,194,000
TOTAL CURRENT LIABILITIES 952,159,000 1,422,238,000
Noncurrent Liabilities    
Long-term Debt 2,188,617,000 2,296,580,000
Deferred Income Taxes 1,362,794,000 1,330,711,000
Regulatory Liabilities and Deferred Investment Tax Credits 477,139,000 435,499,000
Employee Benefits and Pension Obligations 22,724,000 28,329,000
Deferred Credits and Other Noncurrent Liabilities 25,365,000 22,936,000
TOTAL NONCURRENT LIABILITIES 4,076,639,000 4,114,055,000
TOTAL LIABILITIES 5,028,798,000 5,536,293,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 321,201,000 321,201,000
Paid-in Capital 663,782,000 663,782,000
Retained Earnings 715,512,000 633,203,000
Accumulated Other Comprehensive Income (Loss) 6,288,000 7,079,000
TOTAL EQUITY 1,706,783,000 1,625,265,000
TOTAL LIABILITIES AND EQUITY 6,735,581,000 7,161,558,000
Public Service Co Of Oklahoma [Member]
   
Current Assets    
Cash and Cash Equivalents 1,627,000 1,277,000
Accounts Receivable:    
Customers 42,342,000 32,314,000
Affiliated Companies 23,901,000 30,392,000
Miscellaneous 3,763,000 3,102,000
Allowance for Uncollectible Accounts (278,000) (462,000)
Total Accounts Receivable 69,728,000 65,346,000
Fuel 11,742,000 15,191,000
Materials and Supplies 52,826,000 52,707,000
Risk Management Assets 522,000 1,167,000
Deferred Income Tax Benefits 0 7,333,000
Accrued Tax Benefits 34,491,000 21,665,000
Regulatory Asset for Under-Recovered Fuel Costs 41,852,000 3,298,000
Prepayments and Other Current Assets 6,886,000 6,194,000
TOTAL CURRENT ASSETS 219,674,000 174,178,000
Property, Plant and Equipment    
Generation 1,243,810,000 1,203,221,000
Transmission 768,291,000 731,312,000
Distribution 2,032,961,000 1,986,032,000
Other Property, Plant and Equipment 417,407,000 393,026,000
Construction Work in Progress 129,655,000 175,890,000
Total Property, Plant and Equipment 4,592,124,000 4,489,481,000
Accumulated Depreciation and Amortization 1,318,667,000 1,323,522,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 3,273,457,000 3,165,959,000
Other Noncurrent Assets    
Regulatory Assets 162,026,000 156,690,000
Employee Benefits and Pension Assets 27,436,000 22,629,000
Deferred Charges and Other Noncurrent Assets 22,596,000 7,238,000
TOTAL OTHER NONCURRENT ASSETS 212,058,000 186,557,000
TOTAL ASSETS 3,705,189,000 3,526,694,000
Current Liabilities    
Advances from Affiliates 124,800,000 36,772,000
Accounts Payable 115,000,000 150,184,000
Affiliated Companies 60,888,000 45,427,000
Short-term Debt:    
Long-term Debt Due Within One Year 421,000 34,115,000
Risk Management Liabilities 102,000 85,000
Customer Deposits 47,789,000 45,379,000
Accrued Taxes 34,607,000 23,442,000
Accrued Interest 12,226,000 12,646,000
Other Current Liabilities 50,868,000 58,992,000
TOTAL CURRENT LIABILITIES 446,701,000 407,042,000
Noncurrent Liabilities    
Long-term Debt 1,040,654,000 965,695,000
Deferred Income Taxes 852,598,000 836,556,000
Regulatory Liabilities and Deferred Investment Tax Credits 326,133,000 327,673,000
Employee Benefits and Pension Obligations 10,633,000 10,561,000
Deferred Credits and Other Noncurrent Liabilities 55,908,000 37,066,000
TOTAL NONCURRENT LIABILITIES 2,285,926,000 2,177,551,000
TOTAL LIABILITIES 2,732,627,000 2,584,593,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 157,230,000 157,230,000
Paid-in Capital 364,037,000 364,037,000
Retained Earnings 445,973,000 415,076,000
Accumulated Other Comprehensive Income (Loss) 5,322,000 5,758,000
TOTAL EQUITY 972,562,000 942,101,000
TOTAL LIABILITIES AND EQUITY 3,705,189,000 3,526,694,000
Southwestern Electric Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 16,971,000 17,241,000
Accounts Receivable:    
Customers 70,873,000 86,263,000
Affiliated Companies 18,641,000 22,389,000
Miscellaneous 24,022,000 27,175,000
Allowance for Uncollectible Accounts (321,000) (1,418,000)
Total Accounts Receivable 113,215,000 134,409,000
Fuel 98,076,000 122,026,000
Materials and Supplies 75,898,000 74,862,000
Risk Management Assets 506,000 1,179,000
Deferred Income Tax Benefits 4,841,000 177,297,000
Accrued Tax Benefits 139,864,000 158,000
Regulatory Asset for Under-Recovered Fuel Costs 29,499,000 17,949,000
Prepayments and Other Current Assets 21,677,000 20,931,000
TOTAL CURRENT ASSETS 500,547,000 566,052,000
Property, Plant and Equipment    
Generation 3,790,118,000 3,764,429,000
Transmission 1,242,567,000 1,165,167,000
Distribution 1,872,030,000 1,843,912,000
Other Property, Plant and Equipment 881,351,000 869,230,000
Construction Work in Progress 342,719,000 281,849,000
Total Property, Plant and Equipment 8,128,785,000 7,924,587,000
Accumulated Depreciation and Amortization 2,456,059,000 2,391,652,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 5,672,726,000 5,532,935,000
Other Noncurrent Assets    
Regulatory Assets 365,527,000 369,905,000
Deferred Charges and Other Noncurrent Assets 123,220,000 92,890,000
TOTAL OTHER NONCURRENT ASSETS 488,747,000 462,795,000
TOTAL ASSETS 6,662,020,000 6,561,782,000
Current Liabilities    
Advances from Affiliates 79,098,000 9,180,000
Accounts Payable 145,830,000 152,653,000
Affiliated Companies 73,442,000 56,923,000
Short-term Debt:    
Long-term Debt Due Within One Year 156,750,000 3,250,000
Risk Management Liabilities 17,000 0
Customer Deposits 58,445,000 56,375,000
Accrued Taxes 71,928,000 41,508,000
Accrued Interest 43,291,000 43,996,000
Obligations Under Capital Leases 18,263,000 17,899,000
Regulatory Liability for Over-Recovered Fuel Costs 0 7,275,000
Other Current Liabilities 68,460,000 79,622,000
TOTAL CURRENT LIABILITIES 715,524,000 468,681,000
Noncurrent Liabilities    
Long-term Debt 1,885,135,000 2,040,082,000
Deferred Income Taxes 1,281,275,000 1,271,478,000
Regulatory Liabilities and Deferred Investment Tax Credits 471,225,000 472,128,000
Asset Retirement Obligations 89,701,000 87,630,000
Employee Benefits and Pension Obligations 14,157,000 14,602,000
Obligations Under Capital Leases 98,823,000 105,086,000
Deferred Credits and Other Noncurrent Liabilities 46,187,000 46,178,000
TOTAL NONCURRENT LIABILITIES 3,886,503,000 4,037,184,000
TOTAL LIABILITIES 4,602,027,000 4,505,865,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 135,660,000 135,660,000
Paid-in Capital 674,606,000 674,606,000
Retained Earnings 1,257,174,000 1,253,617,000
Accumulated Other Comprehensive Income (Loss) (7,844,000) (8,444,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 2,059,596,000 2,055,439,000
Noncontrolling Interests 397,000 478,000
TOTAL EQUITY 2,059,993,000 2,055,917,000
TOTAL LIABILITIES AND EQUITY $ 6,662,020,000 $ 6,561,782,000
[1] Amount of securitized debt for receivables as accounted for under the ''Transfers and Servicing'' accounting guidance