Financing Activities (Tables)

6 Months Ended

Jun. 30, 2011

Financing Activities (Tables) [Abstract]

Long-term Debt

Long-term Debt
	Type of Debt	June 30, 2011		December 31, 2010
		(in millions)
	Senior Unsecured Notes	$	11,750	$	11,669
	Pollution Control Bonds		2,153		2,263
	Notes Payable		347		396
	Securitization Bonds		1,755		1,847
	Junior Subordinated Debentures		315		315
	Spent Nuclear Fuel Obligation (a)		265		265
	Other Long-term Debt		92		91
	Unamortized Discount (net)		(42)		(35)
	Total Long-term Debt Outstanding		16,635		16,811
	Less Portion Due Within One Year		1,071		1,309
	Long-term Portion	$	15,564	$	15,502

(a)       Pursuant to the Nuclear Waste Policy Act of 1982, I&M, a nuclear licensee, has an obligation to the United States Department of Energy for spent nuclear fuel disposal. The obligation includes a one-time fee for nuclear fuel consumed prior to April 7, 1983. Trust fund assets related to this obligation were $307 million at June 30, 2011 and December 31, 2010, and are included in Spent Nuclear Fuel and Decommissioning Trusts on our Condensed Consolidated Balance Sheets.

Long-term Debt Issuances

			Principal			Interest
Company	Type of Debt		Amount			Rate	Due Date
Issuances:		(in millions)				(%)
APCo	Senior Unsecured Notes		$	350		4.60	2021
APCo	Pollution Control Bonds			65		2.00	2012
APCo	Pollution Control Bonds			75	(a)	Variable	2036
APCo	Pollution Control Bonds			54	(a)	Variable	2042
APCo	Pollution Control Bonds			50	(a)	Variable	2036
APCo	Pollution Control Bonds			50	(a)	Variable	2042
I&M	Pollution Control Bonds			52	(a)	Variable	2021
I&M	Pollution Control Bonds			25	(a)	Variable	2019
OPCo	Pollution Control Bonds			50	(a)	Variable	2014
PSO	Senior Unsecured Notes			250		4.40	2021
PSO	Notes Payable			2		3.00	2026
TCC	Pollution Control Bonds			60	(a)	1.125	2012
Total Issuances			$	1,083	(b)

(a)These pollution control bonds are subject to redemption earlier than the maturity date. Consequently, these bonds have been classified for maturity purposes as Long-term Debt Due Within One Year on our Condensed Consolidated Balance Sheets.

(b)Amount indicated on the statement of cash flows of $1,074 million is net of issuance costs and premium or discount.

Retirements and Principal Payments

				Principal		Interest
Company		Type of Debt		Amount Paid		Rate	Due Date
Retirements and			(in millions)			(%)
	Principal Payments:
APCo		Pollution Control Bonds		$	75	Variable	2036
APCo		Pollution Control Bonds			54	Variable	2042
APCo		Pollution Control Bonds			50	Variable	2042
APCo		Pollution Control Bonds			50	Variable	2036
APCo		Senior Unsecured Notes			250	5.55	2011
I&M		Pollution Control Bonds			52	Variable	2021
I&M		Pollution Control Bonds			25	Variable	2019
I&M		Notes Payable			13	5.16	2014
I&M		Notes Payable			15	5.44	2013
I&M		Notes Payable			11	Variable	2015
OPCo		Pollution Control Bonds			65	Variable	2036
OPCo		Pollution Control Bonds			50	Variable	2014
OPCo		Pollution Control Bonds			50	Variable	2014
PSO		Senior Unsecured Notes			200	6.00	2032
PSO		Senior Unsecured Notes			75	4.70	2011
Non-Registrant:
AEP Subsidiaries		Notes Payable			5	Variable	2017
AEP Subsidiaries		Notes Payable			6	Variable	2011
AEGCo		Senior Unsecured Notes			4	6.33	2037
TCC		Securitization Bonds			34	5.96	2013
TCC		Securitization Bonds			58	4.98	2013
TCC		Pollution Control Bonds			121	5.125	2011
Total Retirements and
	Principal Payments			$	1,263

Short Term Debt

Short-term Debt
Our outstanding short-term debt was as follows:
		June 30, 2011				December 31, 2010
		Outstanding		Interest		Outstanding		Interest
	Type of Debt	Amount		Rate (a)		Amount		Rate (a)
		(in millions)				(in millions)
	Securitized Debt for Receivables (b)	$	695	0.23	%	$	690	0.31	%
	Commercial Paper		944	0.41	%		650	0.52	%
	Line of Credit – Sabine Mining Company (c)		-	-	%		6	2.15	%
	Total Short-term Debt	$	1,639			$	1,346

(a)       Weighted average rate.

(b)       Amount of securitized debt for receivables as accounted for under the ''Transfers and Servicing'' accounting guidance.

(c)       Sabine Mining Company is a consolidated variable interest entity. This line of credit does not reduce available liquidity under AEP's credit facilities.

Comparative Accounts Receivable Information

		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2011			2010			2011			2010
		(dollars in millions)
Effective Interest Rates on Securitization of
	Accounts Receivable		0.26	%		0.31	%		0.28	%		0.27	%
Net Uncollectible Accounts Receivable
	Written Off	$	6		$	4		$	17		$	12

Customer Accounts Receivable Managed Portfolio

		June 30,		December 31,
		2011		2010
		(in millions)
Accounts Receivable Retained Interest and Pledged as Collateral
	Less Uncollectible Accounts	$	1,001	$	923
Total Principal Outstanding			695		690
Delinquent Securitized Accounts Receivable			39		50
Bad Debt Reserves Related to Securitization/Sale of Accounts Receivable			22		26
Unbilled Receivables Related to Securitization/Sale of Accounts Receivable			413		354