XML 71 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
Current Assets    
Cash and Cash Equivalents $ 117,000,000 $ 279,000,000
Other Temporary Investments 298,000,000 324,000,000
Accounts Receivable:    
Customers 725,000,000 685,000,000
Accrued Unbilled Revenues 95,000,000 195,000,000
Pledged Accounts Receivable - AEP Credit 975,000,000 856,000,000
Miscellaneous 174,000,000 171,000,000
Allowance for Uncollectible Accounts (38,000,000) (36,000,000)
Total Accounts Receivable 1,931,000,000 1,871,000,000
Fuel 879,000,000 844,000,000
Materials and Supplies 695,000,000 675,000,000
Risk Management Assets 187,000,000 191,000,000
Regulatory Asset for Under-Recovered Fuel Costs 98,000,000 88,000,000
Margin Deposits 80,000,000 76,000,000
Prepayments and Other Current Assets 337,000,000 241,000,000
TOTAL CURRENT ASSETS 4,622,000,000 4,589,000,000
Property, Plant and Equipment    
Generation 26,183,000,000 26,279,000,000
Transmission 10,081,000,000 9,846,000,000
Distribution 15,887,000,000 15,565,000,000
Other Property, Plant and Equipment 4,033,000,000 3,945,000,000
Construction Work in Progress 2,173,000,000 1,819,000,000
Total Property, Plant and Equipment 58,357,000,000 57,454,000,000
Accumulated Depreciation and Amortization 18,932,000,000 18,691,000,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 39,425,000,000 38,763,000,000
Other Noncurrent Assets    
Regulatory Assets 5,139,000,000 5,106,000,000
Securitized Transition Assets 2,013,000,000 2,117,000,000
Spent Nuclear Fuel and Decommissioning Trusts 1,791,000,000 1,706,000,000
Goodwill 91,000,000 91,000,000
Long-term Risk Management Assets 317,000,000 368,000,000
Deferred Charges and Other Noncurrent Assets 1,581,000,000 1,627,000,000
TOTAL OTHER NONCURRENT ASSETS 10,932,000,000 11,015,000,000
TOTAL ASSETS 54,979,000,000 54,367,000,000
Current Liabilities    
Accounts Payable 987,000,000 1,169,000,000
Short-term Debt:    
Securitized Debt for Receivable - AEP Credit 688,000,000 [1] 657,000,000 [1]
Other Short-term Debt 850,000,000 324,000,000
Total Short-term Debt 1,538,000,000 981,000,000
Long-term Debt Due Within One Year 1,819,000,000 2,171,000,000
Risk Management Liabilities 111,000,000 155,000,000
Customer Deposits 297,000,000 316,000,000
Accrued Taxes 680,000,000 747,000,000
Accrued Interest 254,000,000 269,000,000
Regulatory Liability for Over-Recovered Fuel Costs 10,000,000 47,000,000
Other Current Liabilities 823,000,000 968,000,000
TOTAL CURRENT LIABILITIES 6,519,000,000 6,823,000,000
Noncurrent Liabilities    
Long-term Debt 15,799,000,000 15,586,000,000
Long-term Risk Management Liabilities 181,000,000 214,000,000
Deferred Income Taxes 9,691,000,000 9,252,000,000
Regulatory Liabilities and Deferred Investment Tax Credits 3,585,000,000 3,544,000,000
Asset Retirement Obligations 1,734,000,000 1,696,000,000
Employee Benefits and Pension Obligations 1,044,000,000 1,075,000,000
Deferred Credits and Other Noncurrent Liabilities 889,000,000 940,000,000
TOTAL NONCURRENT LIABILITIES 32,923,000,000 32,307,000,000
TOTAL LIABILITIES 39,442,000,000 39,130,000,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 3,296,000,000 3,289,000,000
Paid-in Capital 6,084,000,000 6,049,000,000
Retained Earnings 6,470,000,000 6,236,000,000
Accumulated Other Comprehensive Income (Loss) (313,000,000) (337,000,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 15,537,000,000 15,237,000,000
Noncontrolling Interests 0 0
TOTAL EQUITY 15,537,000,000 15,237,000,000
TOTAL LIABILITIES AND EQUITY 54,979,000,000 54,367,000,000
Appalachian Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 2,735,000 3,576,000
Advances to Affiliates 23,303,000 23,024,000
Accounts Receivable:    
Customers 145,730,000 158,380,000
Affiliated Companies 58,353,000 96,213,000
Accrued Unbilled Revenues 44,839,000 70,825,000
Miscellaneous 2,177,000 1,344,000
Allowance for Uncollectible Accounts (2,656,000) (6,087,000)
Total Accounts Receivable 248,443,000 320,675,000
Fuel 218,577,000 185,813,000
Materials and Supplies 108,522,000 105,208,000
Risk Management Assets 28,520,000 30,960,000
Accrued Tax Benefits 37,354,000 50,032,000
Regulatory Asset for Under-Recovered Fuel Costs 62,849,000 74,906,000
Prepayments and Other Current Assets 16,262,000 18,690,000
TOTAL CURRENT ASSETS 746,565,000 812,884,000
Property, Plant and Equipment    
Generation 5,678,562,000 5,632,665,000
Transmission 2,053,457,000 2,042,144,000
Distribution 3,049,503,000 2,991,898,000
Other Property, Plant and Equipment 380,863,000 373,327,000
Construction Work in Progress 241,215,000 266,247,000
Total Property, Plant and Equipment 11,403,600,000 11,306,281,000
Accumulated Depreciation and Amortization 3,263,771,000 3,196,639,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 8,139,829,000 8,109,642,000
Other Noncurrent Assets    
Regulatory Assets 1,364,541,000 1,435,704,000
Long-term Risk Management Assets 23,608,000 34,360,000
Deferred Charges and Other Noncurrent Assets 109,465,000 115,078,000
TOTAL OTHER NONCURRENT ASSETS 1,497,614,000 1,585,142,000
TOTAL ASSETS 10,384,008,000 10,507,668,000
Current Liabilities    
Advances from Affiliates 87,783,000 173,965,000
Accounts Payable 150,500,000 195,203,000
Affiliated Companies 99,096,000 137,088,000
Short-term Debt:    
Long-term Debt Due Within One Year 574,681,000 574,679,000
Risk Management Liabilities 13,397,000 16,698,000
Customer Deposits 65,999,000 67,339,000
Deferred Income Taxes 8,388,000 11,715,000
Accrued Taxes 80,347,000 74,967,000
Accrued Interest 51,207,000 51,442,000
Other Current Liabilities 97,782,000 110,657,000
TOTAL CURRENT LIABILITIES 1,229,180,000 1,413,753,000
Noncurrent Liabilities    
Long-term Debt 3,128,078,000 3,127,763,000
Long-term Risk Management Liabilities 14,007,000 18,476,000
Deferred Income Taxes 1,968,214,000 1,928,683,000
Regulatory Liabilities and Deferred Investment Tax Credits 623,394,000 607,680,000
Employee Benefits and Pension Obligations 202,114,000 204,207,000
Deferred Credits and Other Noncurrent Liabilities 153,986,000 154,544,000
TOTAL NONCURRENT LIABILITIES 6,089,793,000 6,041,353,000
TOTAL LIABILITIES 7,318,973,000 7,455,106,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 260,458,000 260,458,000
Paid-in Capital 1,573,752,000 1,573,752,000
Retained Earnings 1,258,660,000 1,248,250,000
Accumulated Other Comprehensive Income (Loss) (27,835,000) (29,898,000)
TOTAL EQUITY 3,065,035,000 3,052,562,000
TOTAL LIABILITIES AND EQUITY 10,384,008,000 10,507,668,000
Indiana Michigan Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 1,014,000 1,562,000
Advances to Affiliates 273,117,000 116,977,000
Accounts Receivable:    
Customers 79,501,000 61,776,000
Affiliated Companies 58,494,000 79,886,000
Accrued Unbilled Revenues 11,207,000 11,218,000
Miscellaneous 6,400,000 12,260,000
Allowance for Uncollectible Accounts (67,000) (229,000)
Total Accounts Receivable 155,535,000 164,911,000
Fuel 74,818,000 53,406,000
Materials and Supplies 191,195,000 195,147,000
Risk Management Assets 19,599,000 26,974,000
Deferred Cook Plant Fire Costs 0 80,000,000
Prepayments and Other Current Assets 71,782,000 83,270,000
TOTAL CURRENT ASSETS 787,060,000 722,247,000
Property, Plant and Equipment    
Generation 4,130,327,000 4,062,733,000
Transmission 1,298,743,000 1,278,236,000
Distribution 1,580,709,000 1,553,358,000
Other Property, Plant and Equipment 752,084,000 725,313,000
Construction Work in Progress 370,384,000 341,063,000
Total Property, Plant and Equipment 8,132,247,000 7,960,703,000
Accumulated Depreciation and Amortization 3,269,566,000 3,232,135,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 4,862,681,000 4,728,568,000
Other Noncurrent Assets    
Regulatory Assets 564,163,000 540,019,000
Spent Nuclear Fuel and Decommissioning Trusts 1,791,394,000 1,705,772,000
Long-term Risk Management Assets 16,315,000 23,569,000
Deferred Charges and Other Noncurrent Assets 117,327,000 111,364,000
TOTAL OTHER NONCURRENT ASSETS 2,489,199,000 2,380,724,000
TOTAL ASSETS 8,138,940,000 7,831,539,000
Current Liabilities    
Accounts Payable 143,935,000 208,701,000
Affiliated Companies 59,793,000 104,631,000
Short-term Debt:    
Long-term Debt Due Within One Year 228,748,000 203,953,000
Risk Management Liabilities 9,387,000 31,517,000
Customer Deposits 29,794,000 31,142,000
Accrued Taxes 66,786,000 67,675,000
Accrued Interest 28,745,000 26,859,000
Other Current Liabilities 102,011,000 122,053,000
TOTAL CURRENT LIABILITIES 669,199,000 796,531,000
Noncurrent Liabilities    
Long-term Debt 2,076,444,000 1,853,713,000
Long-term Risk Management Liabilities 10,020,000 13,898,000
Deferred Income Taxes 1,090,509,000 1,019,160,000
Regulatory Liabilities and Deferred Investment Tax Credits 990,801,000 948,292,000
Asset Retirement Obligations 1,233,640,000 1,192,313,000
Deferred Credits and Other Noncurrent Liabilities 201,546,000 203,857,000
TOTAL NONCURRENT LIABILITIES 5,602,960,000 5,231,233,000
TOTAL LIABILITIES 6,272,159,000 6,027,764,000
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 854,389,000 795,178,000
Accumulated Other Comprehensive Income (Loss) (25,088,000) (28,883,000)
TOTAL EQUITY 1,866,781,000 1,803,775,000
TOTAL LIABILITIES AND EQUITY 8,138,940,000 7,831,539,000
Ohio Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 2,545,000 3,640,000
Advances to Affiliates 10,321,000 116,422,000
Accounts Receivable:    
Customers 115,913,000 135,954,000
Affiliated Companies 158,313,000 176,590,000
Accrued Unbilled Revenues 11,674,000 57,887,000
Miscellaneous 3,887,000 9,327,000
Allowance for Uncollectible Accounts (7,418,000) (129,000)
Total Accounts Receivable 282,369,000 379,629,000
Fuel 312,293,000 328,840,000
Materials and Supplies 186,662,000 186,269,000
Risk Management Assets 41,145,000 44,313,000
Accrued Tax Benefits 43,706,000 17,785,000
Prepayments and Other Current Assets 32,684,000 26,807,000
TOTAL CURRENT ASSETS 911,725,000 1,103,705,000
Property, Plant and Equipment    
Generation 8,363,747,000 8,673,296,000
Transmission 2,011,693,000 2,013,737,000
Distribution 3,773,461,000 3,722,745,000
Other Property, Plant and Equipment 584,611,000 571,154,000
Construction Work in Progress 409,751,000 354,497,000
Total Property, Plant and Equipment 15,143,263,000 15,335,429,000
Accumulated Depreciation and Amortization 5,154,691,000 5,242,805,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 9,988,572,000 10,092,624,000
Other Noncurrent Assets    
Regulatory Assets 1,527,609,000 1,420,966,000
Long-term Risk Management Assets 33,381,000 48,288,000
Deferred Charges and Other Noncurrent Assets 193,947,000 320,026,000
TOTAL OTHER NONCURRENT ASSETS 1,754,937,000 1,789,280,000
TOTAL ASSETS 12,655,234,000 12,985,609,000
Current Liabilities    
Advances from Affiliates 292,051,000 0
Accounts Payable 228,348,000 276,220,000
Affiliated Companies 112,737,000 153,222,000
Short-term Debt:    
Long-term Debt Due Within One Year 664,450,000 856,000,000
Risk Management Liabilities 19,769,000 24,155,000
Accrued Taxes 324,412,000 467,309,000
Accrued Interest 52,499,000 63,560,000
Other Current Liabilities 231,272,000 263,638,000
TOTAL CURRENT LIABILITIES 1,925,538,000 2,104,104,000
Noncurrent Liabilities    
Long-term Debt 2,440,344,000 2,804,440,000
Long-term Debt - Affiliated 400,000,000 200,000,000
Long-term Risk Management Liabilities 19,803,000 25,965,000
Deferred Income Taxes 2,412,119,000 2,345,850,000
Regulatory Liabilities and Deferred Investment Tax Credits 444,931,000 451,071,000
Deferred Credits and Other Noncurrent Liabilities 503,900,000 528,470,000
TOTAL NONCURRENT LIABILITIES 6,221,097,000 6,355,796,000
TOTAL LIABILITIES 8,146,635,000 8,459,900,000
Rate Matters      
Commitments and Contingencies      
Equity    
Common Stock 321,201,000 321,201,000
Paid-in Capital 1,744,099,000 1,744,099,000
Retained Earnings 2,601,964,000 2,626,134,000
Accumulated Other Comprehensive Income (Loss) (158,665,000) (165,725,000)
TOTAL EQUITY 4,508,599,000 4,525,709,000
TOTAL LIABILITIES AND EQUITY 12,655,234,000 12,985,609,000
Public Service Co Of Oklahoma [Member]
   
Current Assets    
Cash and Cash Equivalents 1,042,000 1,367,000
Advances to Affiliates 0 10,558,000
Accounts Receivable:    
Customers 42,422,000 31,047,000
Affiliated Companies 21,844,000 24,751,000
Miscellaneous 2,336,000 6,216,000
Allowance for Uncollectible Accounts (713,000) (872,000)
Total Accounts Receivable 65,889,000 61,142,000
Fuel 22,459,000 22,085,000
Materials and Supplies 52,908,000 52,183,000
Risk Management Assets 484,000 509,000
Deferred Income Tax Benefits 2,459,000 7,183,000
Accrued Tax Benefits 21,358,000 11,812,000
Regulatory Asset for Under-Recovered Fuel Costs 9,986,000 0
Prepayments and Other Current Assets 4,880,000 7,633,000
TOTAL CURRENT ASSETS 181,465,000 174,472,000
Property, Plant and Equipment    
Generation 1,374,411,000 1,346,530,000
Transmission 723,331,000 706,917,000
Distribution 1,909,976,000 1,859,557,000
Other Property, Plant and Equipment 215,260,000 210,549,000
Construction Work in Progress 101,119,000 95,170,000
Total Property, Plant and Equipment 4,324,097,000 4,218,723,000
Accumulated Depreciation and Amortization 1,309,699,000 1,278,941,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 3,014,398,000 2,939,782,000
Other Noncurrent Assets    
Regulatory Assets 181,392,000 202,328,000
Long-term Risk Management Assets 0 31,000
Deferred Charges and Other Noncurrent Assets 27,927,000 8,560,000
TOTAL OTHER NONCURRENT ASSETS 209,319,000 210,919,000
TOTAL ASSETS 3,405,182,000 3,325,173,000
Current Liabilities    
Advances from Affiliates 25,276,000 0
Accounts Payable 96,206,000 87,050,000
Affiliated Companies 49,320,000 36,189,000
Short-term Debt:    
Long-term Debt Due Within One Year 34,108,000 764,000
Risk Management Liabilities 2,111,000 5,848,000
Customer Deposits 46,223,000 46,533,000
Accrued Taxes 42,173,000 28,024,000
Accrued Interest 12,318,000 12,654,000
Regulatory Liability for Over-Recovered Fuel Costs 0 7,945,000
Other Current Liabilities 50,139,000 50,684,000
TOTAL CURRENT LIABILITIES 357,874,000 275,691,000
Noncurrent Liabilities    
Long-term Debt 915,733,000 949,107,000
Long-term Risk Management Liabilities 2,000 31,000
Deferred Income Taxes 798,812,000 740,676,000
Regulatory Liabilities and Deferred Investment Tax Credits 329,359,000 344,817,000
Employee Benefits and Pension Obligations 34,853,000 34,906,000
Deferred Credits and Other Noncurrent Liabilities 38,067,000 63,667,000
TOTAL NONCURRENT LIABILITIES 2,116,826,000 2,133,204,000
TOTAL LIABILITIES 2,474,700,000 2,408,895,000
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 403,155,000 388,530,000
Accumulated Other Comprehensive Income (Loss) 6,060,000 6,481,000
TOTAL EQUITY 930,482,000 916,278,000
TOTAL LIABILITIES AND EQUITY 3,405,182,000 3,325,173,000
Southwestern Electric Power Co [Member]
   
Current Assets    
Cash and Cash Equivalents 11,840,000 2,036,000
Advances to Affiliates 14,806,000 153,829,000
Accounts Receivable:    
Customers 42,443,000 39,349,000
Affiliated Companies 30,602,000 26,288,000
Miscellaneous 20,958,000 35,514,000
Allowance for Uncollectible Accounts (2,045,000) (2,041,000)
Total Accounts Receivable 91,958,000 99,110,000
Fuel 137,238,000 134,234,000
Materials and Supplies 72,660,000 69,212,000
Risk Management Assets 398,000 695,000
Deferred Income Tax Benefits 104,894,000 101,403,000
Accrued Tax Benefits 30,801,000 9,616,000
Regulatory Asset for Under-Recovered Fuel Costs 14,210,000 8,527,000
Prepayments and Other Current Assets 12,795,000 16,489,000
TOTAL CURRENT ASSETS 491,600,000 595,151,000
Property, Plant and Equipment    
Generation 3,919,327,000 3,888,230,000
Transmission 1,140,451,000 1,115,795,000
Distribution 1,794,684,000 1,758,988,000
Other Property, Plant and Equipment 695,944,000 688,254,000
Construction Work in Progress 153,715,000 99,783,000
Total Property, Plant and Equipment 7,704,121,000 7,551,050,000
Accumulated Depreciation and Amortization 2,353,562,000 2,284,258,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 5,350,559,000 5,266,792,000
Other Noncurrent Assets    
Regulatory Assets 407,408,000 403,278,000
Deferred Charges and Other Noncurrent Assets 100,880,000 76,432,000
TOTAL OTHER NONCURRENT ASSETS 508,288,000 479,710,000
TOTAL ASSETS 6,350,447,000 6,341,653,000
Current Liabilities    
Accounts Payable 107,438,000 126,768,000
Affiliated Companies 64,553,000 62,835,000
Short-term Debt:    
Other Short-term Debt 0 2,603,000
Long-term Debt Due Within One Year 3,250,000 3,250,000
Risk Management Liabilities 941,000 1,128,000
Customer Deposits 55,658,000 69,393,000
Accrued Taxes 63,796,000 31,532,000
Accrued Interest 43,335,000 43,950,000
Obligations Under Capital Leases 17,978,000 17,599,000
Regulatory Liability for Over-Recovered Fuel Costs 5,102,000 16,761,000
Other Current Liabilities 66,388,000 64,997,000
TOTAL CURRENT LIABILITIES 428,439,000 440,816,000
Noncurrent Liabilities    
Long-term Debt 2,041,530,000 2,042,978,000
Long-term Risk Management Liabilities 3,000 0
Deferred Income Taxes 1,122,609,000 1,075,551,000
Regulatory Liabilities and Deferred Investment Tax Credits 472,434,000 476,471,000
Asset Retirement Obligations 86,998,000 78,017,000
Employee Benefits and Pension Obligations 41,795,000 38,240,000
Obligations Under Capital Leases 107,728,000 114,161,000
Deferred Credits and Other Noncurrent Liabilities 49,244,000 53,946,000
TOTAL NONCURRENT LIABILITIES 3,922,341,000 3,879,364,000
TOTAL LIABILITIES 4,350,780,000 4,320,180,000
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 1,205,935,000 1,228,806,000
Accumulated Other Comprehensive Income (Loss) (16,901,000) (17,860,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 1,999,300,000 2,021,212,000
Noncontrolling Interests 367,000 261,000
TOTAL EQUITY 1,999,667,000 2,021,473,000
TOTAL LIABILITIES AND EQUITY $ 6,350,447,000 $ 6,341,653,000
[1] Amount of securitized debt for receivables as accounted for under the ''Transfers and Servicing'' accounting guidance.