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Comprehensive Income
 9 Months Ended
Sep. 30, 2014
Comprehensive Income
COMPREHENSIVE INCOME

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI for the three and nine months ended September 30, 2014 and 2013.  All amounts in the following tables are presented net of related income taxes.

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Securities
Available for Sale
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of June 30, 2014
$
6

 
$
(21
)
 
$
8

 
$
(97
)
 
$
(104
)
Change in Fair Value Recognized in AOCI
3

 
—

 
—

 
—

 
3

Amounts Reclassified from AOCI
(6
)
 
1

 
—

 
1

 
(4
)
Net Current Period Other
Comprehensive Income
(3
)
 
1

 
—

 
1

 
(1
)
Balance in AOCI as of September 30, 2014
$
3

 
$
(20
)
 
$
8

 
$
(96
)
 
$
(105
)

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Securities
Available for Sale
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of June 30, 2013
$
1

 
$
(25
)
 
$
5

 
$
(294
)
 
$
(313
)
Change in Fair Value Recognized in AOCI
1

 
—

 
1

 
—

 
2

Amounts Reclassified from AOCI
(3
)
 
1

 
—

 
7

 
5

Net Current Period Other
Comprehensive Income
(2
)
 
1

 
1

 
7

 
7

Balance in AOCI as of September 30, 2013
$
(1
)
 
$
(24
)
 
$
6

 
$
(287
)
 
$
(306
)

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Securities
Available for Sale
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2013
$
—

 
$
(23
)
 
$
7

 
$
(99
)
 
$
(115
)
Change in Fair Value Recognized in AOCI
(8
)
 
—

 
1

 
—

 
(7
)
Amounts Reclassified from AOCI
11

 
3

 
—

 
3

 
17

Net Current Period Other
Comprehensive Income
3

 
3

 
1

 
3

 
10

Balance in AOCI as of September 30, 2014
$
3

 
$
(20
)
 
$
8

 
$
(96
)
 
$
(105
)

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
Cash Flow Hedges
 
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Securities
Available for Sale
 
Pension
and OPEB
 
Total
 
(in millions)
Balance in AOCI as of December 31, 2012
$
(8
)
 
$
(30
)
 
$
4

 
$
(303
)
 
$
(337
)
Change in Fair Value Recognized in AOCI
11

 
2

 
2

 
—

 
15

Amounts Reclassified from AOCI
(4
)
 
4

 
—

 
16

 
16

Net Current Period Other
Comprehensive Income
7

 
6

 
2

 
16

 
31

Balance in AOCI as of September 30, 2013
$
(1
)
 
$
(24
)
 
$
6

 
$
(287
)
 
$
(306
)


Reclassifications from Accumulated Other Comprehensive Income

The following tables provide details of reclassifications from AOCI for the three and nine months ended September 30, 2014 and 2013.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 for additional details.

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in millions)
Commodity:
 
 

 
 
Vertically Integrated Utilities Revenues
 
$
—

 
$
(1
)
Generation & Marketing Revenues
 
—

 
(3
)
Purchased Electricity for Resale
 
(9
)
 
(1
)
Subtotal – Commodity
 
(9
)
 
(5
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
2

 
2

Subtotal – Interest Rate and Foreign Currency
 
2

 
2

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(7
)
 
(3
)
Income Tax (Expense) Credit
 
(2
)
 
(1
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(5
)
 
(2
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(5
)
 
(7
)
Amortization of Actuarial (Gains)/Losses
 
7

 
18

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
2

 
11

Income Tax (Expense) Credit
 
1

 
4

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
1

 
7

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(4
)
 
$
5


Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in millions)
Commodity:
 
 

 
 
Vertically Integrated Utilities Revenues
 
$
—

 
$
(1
)
Generation & Marketing Revenues
 
—

 
(8
)
Purchased Electricity for Resale
 
20

 
3

Regulatory Assets/(Liabilities), Net (a)
 
(3
)
 
—

Subtotal – Commodity
 
17

 
(6
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
6

 
6

Subtotal – Interest Rate and Foreign Currency
 
6

 
6

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
23

 
—

Income Tax (Expense) Credit
 
9

 
—

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
14

 
—

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(15
)
 
(16
)
Amortization of Actuarial (Gains)/Losses
 
21

 
41

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
6

 
25

Income Tax (Expense) Credit
 
3

 
9

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
3

 
16

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
17

 
$
16


(a)
Represents realized gains and losses subject to regulatory accounting treatment recorded as either current or noncurrent on the condensed balance sheets.
Appalachian Power Co [Member]
  
Comprehensive Income
COMPREHENSIVE INCOME

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI for the three and nine months ended September 30, 2014 and 2013.  All amounts in the following tables are presented net of related income taxes.
 
APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
3,596

 
$
(899
)
 
$
2,697

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
170

 
(333
)
 
(163
)
Net Current Period Other
Comprehensive Income
 
—

 
170

 
(333
)
 
(163
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
197

 
$
2,583

 
$
(30,615
)
 
$
(27,835
)
Change in Fair Value Recognized in AOCI
 
(47
)
 
—

 
—

 
(47
)
Amounts Reclassified from AOCI
 
(184
)
 
253

 
359

 
428

Net Current Period Other
Comprehensive Income
 
(231
)
 
253

 
359

 
381

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
94

 
$
3,090

 
$
(233
)
 
$
2,951

Change in Fair Value Recognized in AOCI
 
1,686

 
—

 
—

 
1,686

Amounts Reclassified from AOCI
 
(1,780
)
 
676

 
(999
)
 
(2,103
)
Net Current Period Other
Comprehensive Income
 
(94
)
 
676

 
(999
)
 
(417
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(644
)
 
$
2,077

 
$
(31,331
)
 
$
(29,898
)
Change in Fair Value Recognized in AOCI
 
684

 
—

 
—

 
684

Amounts Reclassified from AOCI
 
(74
)
 
759

 
1,075

 
1,760

Net Current Period Other
Comprehensive Income
 
610

 
759

 
1,075

 
2,444

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)


I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(15,155
)
 
$
507

 
$
(14,648
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
410

 
42

 
452

Net Current Period Other
Comprehensive Income
 
—

 
410

 
42

 
452

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
147

 
$
(16,796
)
 
$
(8,439
)
 
$
(25,088
)
Change in Fair Value Recognized in AOCI
 
(49
)
 
—

 
—

 
(49
)
Amounts Reclassified from AOCI
 
(117
)
 
410

 
174

 
467

Net Current Period Other
Comprehensive Income
 
(166
)
 
410

 
174

 
418

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
46

 
$
(15,976
)
 
$
421

 
$
(15,509
)
Change in Fair Value Recognized in AOCI
 
1,130

 
—

 
—

 
1,130

Amounts Reclassified from AOCI
 
(1,176
)
 
1,231

 
128

 
183

Net Current Period Other
Comprehensive Income
 
(46
)
 
1,231

 
128

 
1,313

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(446
)
 
$
(19,647
)
 
$
(8,790
)
 
$
(28,883
)
Change in Fair Value Recognized in AOCI
 
443

 
2,248

 
—

 
2,691

Amounts Reclassified from AOCI
 
(16
)
 
1,013

 
525

 
1,522

Net Current Period Other
Comprehensive Income
 
427

 
3,261

 
525

 
4,213

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
6,288

 
$
—

 
$
6,288

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(343
)
 
—

 
(343
)
Net Current Period Other
Comprehensive Income
 
—

 
(343
)
 
—

 
(343
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945

 
OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
289

 
$
7,415

 
$
(166,369
)
 
$
(158,665
)
Change in Fair Value Recognized in AOCI
 
(86
)
 
—

 
—

 
(86
)
Amounts Reclassified from AOCI
 
(250
)
 
(339
)
 
2,985

 
2,396

Net Current Period Other
Comprehensive Income
 
(336
)
 
(339
)
 
2,985

 
2,310

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)

OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
105

 
$
6,974

 
$
—

 
$
7,079

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Net Current Period Other
Comprehensive Income
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(912
)
 
$
8,095

 
$
(172,908
)
 
$
(165,725
)
Change in Fair Value Recognized in AOCI
 
907

 
—

 
—

 
907

Amounts Reclassified from AOCI
 
(42
)
 
(1,019
)
 
9,524

 
8,463

Net Current Period Other
Comprehensive Income
 
865

 
(1,019
)
 
9,524

 
9,370

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
5,322

 
$
5,322

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(190
)
 
(190
)
Net Current Period Other Comprehensive Income
 
—

 
(190
)
 
(190
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132

 
PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(21
)
 
$
6,081

 
$
6,060

Change in Fair Value Recognized in AOCI
 
32

 
—

 
32

Amounts Reclassified from AOCI
 
(14
)
 
(190
)
 
(204
)
Net Current Period Other Comprehensive Income
 
18

 
(190
)
 
(172
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
57

 
$
5,701

 
$
5,758

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(57
)
 
(569
)
 
(626
)
Net Current Period Other Comprehensive Income
 
(57
)
 
(569
)
 
(626
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
21

 
$
6,460

 
$
6,481

Change in Fair Value Recognized in AOCI
 
7

 
1

 
8

Amounts Reclassified from AOCI
 
(31
)
 
(570
)
 
(601
)
Net Current Period Other Comprehensive Income
 
(24
)
 
(569
)
 
(593
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888



SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(12,169
)
 
$
4,325

 
$
(7,844
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
567

 
(235
)
 
332

Net Current Period Other
Comprehensive Income
 
—

 
567

 
(235
)
 
332

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(26
)
 
$
(14,437
)
 
$
(2,438
)
 
$
(16,901
)
Change in Fair Value Recognized in AOCI
 
40

 
—

 
—

 
40

Amounts Reclassified from AOCI
 
(17
)
 
566

 
(64
)
 
485

Net Current Period Other
Comprehensive Income
 
23

 
566

 
(64
)
 
525

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
66

 
$
(13,304
)
 
$
4,794

 
$
(8,444
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(66
)
 
1,702

 
(704
)
 
932

Net Current Period Other
Comprehensive Income
 
(66
)
 
1,702

 
(704
)
 
932

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
22

 
$
(15,571
)
 
$
(2,311
)
 
$
(17,860
)
Change in Fair Value Recognized in AOCI
 
13

 
—

 
—

 
13

Amounts Reclassified from AOCI
 
(38
)
 
1,700

 
(191
)
 
1,471

Net Current Period Other
Comprehensive Income
 
(25
)
 
1,700

 
(191
)
 
1,484

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)


Reclassifications from Accumulated Other Comprehensive Income

The following tables provide details of reclassifications from AOCI for the three and nine months ended September 30, 2014 and 2013.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 for additional details.
 
APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(75
)
Purchased Electricity for Resale
 
—

 
21

Other Operation Expense
 
—

 
(14
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(15
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(190
)
Subtotal – Commodity
 
—

 
(284
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
262

 
390

Subtotal – Interest Rate and Foreign Currency
 
262

 
390

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
262

 
106

Income Tax (Expense) Credit
 
92

 
37

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
170

 
69

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,281
)
 
(1,282
)
Amortization of Actuarial (Gains)/Losses
 
769

 
1,834

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(512
)
 
552

Income Tax (Expense) Credit
 
(179
)
 
193

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(333
)
 
359

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(163
)
 
$
428


APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(53
)
Purchased Electricity for Resale
 
(526
)
 
47

Other Operation Expense
 
(10
)
 
(38
)
Maintenance Expense
 
(20
)
 
(29
)
Property, Plant and Equipment
 
(17
)
 
(34
)
Regulatory Assets/(Liabilities), Net (a)
 
(2,165
)
 
(9
)
Subtotal – Commodity
 
(2,738
)
 
(116
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,042

 
1,169

Subtotal – Interest Rate and Foreign Currency
 
1,042

 
1,169

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,696
)
 
1,053

Income Tax (Expense) Credit
 
(592
)
 
368

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,104
)
 
685

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(3,846
)
 
(3,847
)
Amortization of Actuarial (Gains)/Losses
 
2,309

 
5,501

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,537
)
 
1,654

Income Tax (Expense) Credit
 
(538
)
 
579

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(999
)
 
1,075

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(2,103
)
 
$
1,760


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(173
)
Purchased Electricity for Resale
 
—

 
47

Other Operation Expense
 
—

 
(8
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(10
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(31
)
Subtotal – Commodity
 
—

 
(180
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
631

 
631

Subtotal – Interest Rate and Foreign Currency
 
631

 
631

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
631

 
451

Income Tax (Expense) Credit
 
221

 
158

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
410

 
293

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(200
)
 
(199
)
Amortization of Actuarial (Gains)/Losses
 
264

 
467

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
64

 
268

Income Tax (Expense) Credit
 
22

 
94

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
42

 
174

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
452

 
$
467


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(89
)
Purchased Electricity for Resale
 
(812
)
 
115

Other Operation Expense
 
(7
)
 
(23
)
Maintenance Expense
 
(7
)
 
(14
)
Property, Plant and Equipment
 
(10
)
 
(20
)
Regulatory Assets/(Liabilities), Net (a)
 
(973
)
 
7

Subtotal – Commodity
 
(1,809
)
 
(24
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,893

 
1,558

Subtotal – Interest Rate and Foreign Currency
 
1,893

 
1,558

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
84

 
1,534

Income Tax (Expense) Credit
 
29

 
537

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
55

 
997

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(597
)
 
(596
)
Amortization of Actuarial (Gains)/Losses
 
791

 
1,404

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
194

 
808

Income Tax (Expense) Credit
 
66

 
283

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
128

 
525

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
183

 
$
1,522


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(461
)
Purchased Electricity for Resale
 
—

 
129

Other Operation Expense
 
—

 
(20
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(21
)
Subtotal – Commodity
 
—

 
(384
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(3
)
 
2

Interest Expense
 
(524
)
 
(524
)
Subtotal – Interest Rate and Foreign Currency
 
(527
)
 
(522
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(527
)
 
(906
)
Income Tax (Expense) Credit
 
(184
)
 
(317
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(343
)
 
(589
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(1,451
)
Amortization of Actuarial (Gains)/Losses
 
—

 
6,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
4,593

Income Tax (Expense) Credit
 
—

 
1,608

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
2,985

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(343
)
 
$
2,396


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(246
)
Purchased Electricity for Resale
 
—

 
309

Other Operation Expense
 
(11
)
 
(57
)
Maintenance Expense
 
(11
)
 
(26
)
Property, Plant and Equipment
 
(18
)
 
(44
)
Regulatory Assets/(Liabilities), Net (a)
 
(122
)
 
—

Subtotal – Commodity
 
(162
)
 
(64
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(9
)
 
5

Interest Expense
 
(1,572
)
 
(1,573
)
Subtotal – Interest Rate and Foreign Currency
 
(1,581
)
 
(1,568
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,743
)
 
(1,632
)
Income Tax (Expense) Credit
 
(609
)
 
(571
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,134
)
 
(1,061
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(4,388
)
Amortization of Actuarial (Gains)/Losses
 
—

 
19,040

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
14,652

Income Tax (Expense) Credit
 
—

 
5,128

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
9,524

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(1,134
)
 
$
8,463



PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(10
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(7
)
Subtotal – Commodity
 
—

 
(22
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(292
)
 
(292
)
Subtotal – Interest Rate and Foreign Currency
 
(292
)
 
(292
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(292
)
 
(314
)
Income Tax (Expense) Credit
 
(102
)
 
(110
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(190
)
 
$
(204
)
 
PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(8
)
 
$
(25
)
Maintenance Expense
 
(9
)
 
(9
)
Property, Plant and Equipment
 
(13
)
 
(14
)
Regulatory Assets/(Liabilities), Net (a)
 
(58
)
 
—

Subtotal – Commodity
 
(88
)
 
(48
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(876
)
 
(876
)
Subtotal – Interest Rate and Foreign Currency
 
(876
)
 
(876
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(964
)
 
(924
)
Income Tax (Expense) Credit
 
(338
)
 
(323
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(626
)
 
$
(601
)

SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(12
)
Maintenance Expense
 
—

 
(7
)
Property, Plant and Equipment
 
—

 
(8
)
Subtotal – Commodity
 
—

 
(27
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
872

 
872

Subtotal – Interest Rate and Foreign Currency
 
872

 
872

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
872

 
845

Income Tax (Expense) Credit
 
305

 
296

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
567

 
549

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(478
)
 
(446
)
Amortization of Actuarial (Gains)/Losses
 
118

 
348

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(360
)
 
(98
)
Income Tax (Expense) Credit
 
(125
)
 
(34
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(235
)
 
(64
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
332

 
$
485

 
SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(13
)
 
$
(28
)
Maintenance Expense
 
(10
)
 
(14
)
Property, Plant and Equipment
 
(11
)
 
(16
)
Regulatory Assets/(Liabilities), Net (a)
 
(67
)
 
—

Subtotal – Commodity
 
(101
)
 
(58
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
2,616

 
2,616

Subtotal – Interest Rate and Foreign Currency
 
2,616

 
2,616

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
2,515

 
2,558

Income Tax (Expense) Credit
 
879

 
896

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
1,636

 
1,662

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,433
)
 
(1,338
)
Amortization of Actuarial (Gains)/Losses
 
351

 
1,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,082
)
 
(294
)
Income Tax (Expense) Credit
 
(378
)
 
(103
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(704
)
 
(191
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
932

 
$
1,471


(a)
Represents realized gains and losses subject to regulatory accounting treatment recorded as either current or noncurrent on the condensed balance sheets.
Indiana Michigan Power Co [Member]
  
Comprehensive Income
 COMPREHENSIVE INCOME

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI for the three and nine months ended September 30, 2014 and 2013.  All amounts in the following tables are presented net of related income taxes.
 
APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
3,596

 
$
(899
)
 
$
2,697

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
170

 
(333
)
 
(163
)
Net Current Period Other
Comprehensive Income
 
—

 
170

 
(333
)
 
(163
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
197

 
$
2,583

 
$
(30,615
)
 
$
(27,835
)
Change in Fair Value Recognized in AOCI
 
(47
)
 
—

 
—

 
(47
)
Amounts Reclassified from AOCI
 
(184
)
 
253

 
359

 
428

Net Current Period Other
Comprehensive Income
 
(231
)
 
253

 
359

 
381

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
94

 
$
3,090

 
$
(233
)
 
$
2,951

Change in Fair Value Recognized in AOCI
 
1,686

 
—

 
—

 
1,686

Amounts Reclassified from AOCI
 
(1,780
)
 
676

 
(999
)
 
(2,103
)
Net Current Period Other
Comprehensive Income
 
(94
)
 
676

 
(999
)
 
(417
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(644
)
 
$
2,077

 
$
(31,331
)
 
$
(29,898
)
Change in Fair Value Recognized in AOCI
 
684

 
—

 
—

 
684

Amounts Reclassified from AOCI
 
(74
)
 
759

 
1,075

 
1,760

Net Current Period Other
Comprehensive Income
 
610

 
759

 
1,075

 
2,444

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)


I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(15,155
)
 
$
507

 
$
(14,648
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
410

 
42

 
452

Net Current Period Other
Comprehensive Income
 
—

 
410

 
42

 
452

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
147

 
$
(16,796
)
 
$
(8,439
)
 
$
(25,088
)
Change in Fair Value Recognized in AOCI
 
(49
)
 
—

 
—

 
(49
)
Amounts Reclassified from AOCI
 
(117
)
 
410

 
174

 
467

Net Current Period Other
Comprehensive Income
 
(166
)
 
410

 
174

 
418

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
46

 
$
(15,976
)
 
$
421

 
$
(15,509
)
Change in Fair Value Recognized in AOCI
 
1,130

 
—

 
—

 
1,130

Amounts Reclassified from AOCI
 
(1,176
)
 
1,231

 
128

 
183

Net Current Period Other
Comprehensive Income
 
(46
)
 
1,231

 
128

 
1,313

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(446
)
 
$
(19,647
)
 
$
(8,790
)
 
$
(28,883
)
Change in Fair Value Recognized in AOCI
 
443

 
2,248

 
—

 
2,691

Amounts Reclassified from AOCI
 
(16
)
 
1,013

 
525

 
1,522

Net Current Period Other
Comprehensive Income
 
427

 
3,261

 
525

 
4,213

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
6,288

 
$
—

 
$
6,288

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(343
)
 
—

 
(343
)
Net Current Period Other
Comprehensive Income
 
—

 
(343
)
 
—

 
(343
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945

 
OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
289

 
$
7,415

 
$
(166,369
)
 
$
(158,665
)
Change in Fair Value Recognized in AOCI
 
(86
)
 
—

 
—

 
(86
)
Amounts Reclassified from AOCI
 
(250
)
 
(339
)
 
2,985

 
2,396

Net Current Period Other
Comprehensive Income
 
(336
)
 
(339
)
 
2,985

 
2,310

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)

OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
105

 
$
6,974

 
$
—

 
$
7,079

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Net Current Period Other
Comprehensive Income
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(912
)
 
$
8,095

 
$
(172,908
)
 
$
(165,725
)
Change in Fair Value Recognized in AOCI
 
907

 
—

 
—

 
907

Amounts Reclassified from AOCI
 
(42
)
 
(1,019
)
 
9,524

 
8,463

Net Current Period Other
Comprehensive Income
 
865

 
(1,019
)
 
9,524

 
9,370

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
5,322

 
$
5,322

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(190
)
 
(190
)
Net Current Period Other Comprehensive Income
 
—

 
(190
)
 
(190
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132

 
PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(21
)
 
$
6,081

 
$
6,060

Change in Fair Value Recognized in AOCI
 
32

 
—

 
32

Amounts Reclassified from AOCI
 
(14
)
 
(190
)
 
(204
)
Net Current Period Other Comprehensive Income
 
18

 
(190
)
 
(172
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
57

 
$
5,701

 
$
5,758

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(57
)
 
(569
)
 
(626
)
Net Current Period Other Comprehensive Income
 
(57
)
 
(569
)
 
(626
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
21

 
$
6,460

 
$
6,481

Change in Fair Value Recognized in AOCI
 
7

 
1

 
8

Amounts Reclassified from AOCI
 
(31
)
 
(570
)
 
(601
)
Net Current Period Other Comprehensive Income
 
(24
)
 
(569
)
 
(593
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888



SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(12,169
)
 
$
4,325

 
$
(7,844
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
567

 
(235
)
 
332

Net Current Period Other
Comprehensive Income
 
—

 
567

 
(235
)
 
332

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(26
)
 
$
(14,437
)
 
$
(2,438
)
 
$
(16,901
)
Change in Fair Value Recognized in AOCI
 
40

 
—

 
—

 
40

Amounts Reclassified from AOCI
 
(17
)
 
566

 
(64
)
 
485

Net Current Period Other
Comprehensive Income
 
23

 
566

 
(64
)
 
525

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
66

 
$
(13,304
)
 
$
4,794

 
$
(8,444
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(66
)
 
1,702

 
(704
)
 
932

Net Current Period Other
Comprehensive Income
 
(66
)
 
1,702

 
(704
)
 
932

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
22

 
$
(15,571
)
 
$
(2,311
)
 
$
(17,860
)
Change in Fair Value Recognized in AOCI
 
13

 
—

 
—

 
13

Amounts Reclassified from AOCI
 
(38
)
 
1,700

 
(191
)
 
1,471

Net Current Period Other
Comprehensive Income
 
(25
)
 
1,700

 
(191
)
 
1,484

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)


Reclassifications from Accumulated Other Comprehensive Income

The following tables provide details of reclassifications from AOCI for the three and nine months ended September 30, 2014 and 2013.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 for additional details.
 
APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(75
)
Purchased Electricity for Resale
 
—

 
21

Other Operation Expense
 
—

 
(14
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(15
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(190
)
Subtotal – Commodity
 
—

 
(284
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
262

 
390

Subtotal – Interest Rate and Foreign Currency
 
262

 
390

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
262

 
106

Income Tax (Expense) Credit
 
92

 
37

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
170

 
69

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,281
)
 
(1,282
)
Amortization of Actuarial (Gains)/Losses
 
769

 
1,834

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(512
)
 
552

Income Tax (Expense) Credit
 
(179
)
 
193

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(333
)
 
359

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(163
)
 
$
428


APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(53
)
Purchased Electricity for Resale
 
(526
)
 
47

Other Operation Expense
 
(10
)
 
(38
)
Maintenance Expense
 
(20
)
 
(29
)
Property, Plant and Equipment
 
(17
)
 
(34
)
Regulatory Assets/(Liabilities), Net (a)
 
(2,165
)
 
(9
)
Subtotal – Commodity
 
(2,738
)
 
(116
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,042

 
1,169

Subtotal – Interest Rate and Foreign Currency
 
1,042

 
1,169

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,696
)
 
1,053

Income Tax (Expense) Credit
 
(592
)
 
368

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,104
)
 
685

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(3,846
)
 
(3,847
)
Amortization of Actuarial (Gains)/Losses
 
2,309

 
5,501

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,537
)
 
1,654

Income Tax (Expense) Credit
 
(538
)
 
579

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(999
)
 
1,075

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(2,103
)
 
$
1,760


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(173
)
Purchased Electricity for Resale
 
—

 
47

Other Operation Expense
 
—

 
(8
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(10
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(31
)
Subtotal – Commodity
 
—

 
(180
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
631

 
631

Subtotal – Interest Rate and Foreign Currency
 
631

 
631

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
631

 
451

Income Tax (Expense) Credit
 
221

 
158

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
410

 
293

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(200
)
 
(199
)
Amortization of Actuarial (Gains)/Losses
 
264

 
467

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
64

 
268

Income Tax (Expense) Credit
 
22

 
94

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
42

 
174

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
452

 
$
467


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(89
)
Purchased Electricity for Resale
 
(812
)
 
115

Other Operation Expense
 
(7
)
 
(23
)
Maintenance Expense
 
(7
)
 
(14
)
Property, Plant and Equipment
 
(10
)
 
(20
)
Regulatory Assets/(Liabilities), Net (a)
 
(973
)
 
7

Subtotal – Commodity
 
(1,809
)
 
(24
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,893

 
1,558

Subtotal – Interest Rate and Foreign Currency
 
1,893

 
1,558

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
84

 
1,534

Income Tax (Expense) Credit
 
29

 
537

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
55

 
997

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(597
)
 
(596
)
Amortization of Actuarial (Gains)/Losses
 
791

 
1,404

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
194

 
808

Income Tax (Expense) Credit
 
66

 
283

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
128

 
525

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
183

 
$
1,522


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(461
)
Purchased Electricity for Resale
 
—

 
129

Other Operation Expense
 
—

 
(20
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(21
)
Subtotal – Commodity
 
—

 
(384
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(3
)
 
2

Interest Expense
 
(524
)
 
(524
)
Subtotal – Interest Rate and Foreign Currency
 
(527
)
 
(522
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(527
)
 
(906
)
Income Tax (Expense) Credit
 
(184
)
 
(317
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(343
)
 
(589
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(1,451
)
Amortization of Actuarial (Gains)/Losses
 
—

 
6,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
4,593

Income Tax (Expense) Credit
 
—

 
1,608

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
2,985

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(343
)
 
$
2,396


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(246
)
Purchased Electricity for Resale
 
—

 
309

Other Operation Expense
 
(11
)
 
(57
)
Maintenance Expense
 
(11
)
 
(26
)
Property, Plant and Equipment
 
(18
)
 
(44
)
Regulatory Assets/(Liabilities), Net (a)
 
(122
)
 
—

Subtotal – Commodity
 
(162
)
 
(64
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(9
)
 
5

Interest Expense
 
(1,572
)
 
(1,573
)
Subtotal – Interest Rate and Foreign Currency
 
(1,581
)
 
(1,568
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,743
)
 
(1,632
)
Income Tax (Expense) Credit
 
(609
)
 
(571
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,134
)
 
(1,061
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(4,388
)
Amortization of Actuarial (Gains)/Losses
 
—

 
19,040

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
14,652

Income Tax (Expense) Credit
 
—

 
5,128

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
9,524

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(1,134
)
 
$
8,463



PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(10
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(7
)
Subtotal – Commodity
 
—

 
(22
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(292
)
 
(292
)
Subtotal – Interest Rate and Foreign Currency
 
(292
)
 
(292
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(292
)
 
(314
)
Income Tax (Expense) Credit
 
(102
)
 
(110
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(190
)
 
$
(204
)
 
PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(8
)
 
$
(25
)
Maintenance Expense
 
(9
)
 
(9
)
Property, Plant and Equipment
 
(13
)
 
(14
)
Regulatory Assets/(Liabilities), Net (a)
 
(58
)
 
—

Subtotal – Commodity
 
(88
)
 
(48
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(876
)
 
(876
)
Subtotal – Interest Rate and Foreign Currency
 
(876
)
 
(876
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(964
)
 
(924
)
Income Tax (Expense) Credit
 
(338
)
 
(323
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(626
)
 
$
(601
)

SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(12
)
Maintenance Expense
 
—

 
(7
)
Property, Plant and Equipment
 
—

 
(8
)
Subtotal – Commodity
 
—

 
(27
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
872

 
872

Subtotal – Interest Rate and Foreign Currency
 
872

 
872

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
872

 
845

Income Tax (Expense) Credit
 
305

 
296

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
567

 
549

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(478
)
 
(446
)
Amortization of Actuarial (Gains)/Losses
 
118

 
348

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(360
)
 
(98
)
Income Tax (Expense) Credit
 
(125
)
 
(34
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(235
)
 
(64
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
332

 
$
485

 
SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(13
)
 
$
(28
)
Maintenance Expense
 
(10
)
 
(14
)
Property, Plant and Equipment
 
(11
)
 
(16
)
Regulatory Assets/(Liabilities), Net (a)
 
(67
)
 
—

Subtotal – Commodity
 
(101
)
 
(58
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
2,616

 
2,616

Subtotal – Interest Rate and Foreign Currency
 
2,616

 
2,616

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
2,515

 
2,558

Income Tax (Expense) Credit
 
879

 
896

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
1,636

 
1,662

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,433
)
 
(1,338
)
Amortization of Actuarial (Gains)/Losses
 
351

 
1,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,082
)
 
(294
)
Income Tax (Expense) Credit
 
(378
)
 
(103
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(704
)
 
(191
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
932

 
$
1,471


(a)
Represents realized gains and losses subject to regulatory accounting treatment recorded as either current or noncurrent on the condensed balance sheets.
Ohio Power Co [Member]
  
Comprehensive Income
COMPREHENSIVE INCOME

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI for the three and nine months ended September 30, 2014 and 2013.  All amounts in the following tables are presented net of related income taxes.
 
APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
3,596

 
$
(899
)
 
$
2,697

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
170

 
(333
)
 
(163
)
Net Current Period Other
Comprehensive Income
 
—

 
170

 
(333
)
 
(163
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
197

 
$
2,583

 
$
(30,615
)
 
$
(27,835
)
Change in Fair Value Recognized in AOCI
 
(47
)
 
—

 
—

 
(47
)
Amounts Reclassified from AOCI
 
(184
)
 
253

 
359

 
428

Net Current Period Other
Comprehensive Income
 
(231
)
 
253

 
359

 
381

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
94

 
$
3,090

 
$
(233
)
 
$
2,951

Change in Fair Value Recognized in AOCI
 
1,686

 
—

 
—

 
1,686

Amounts Reclassified from AOCI
 
(1,780
)
 
676

 
(999
)
 
(2,103
)
Net Current Period Other
Comprehensive Income
 
(94
)
 
676

 
(999
)
 
(417
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(644
)
 
$
2,077

 
$
(31,331
)
 
$
(29,898
)
Change in Fair Value Recognized in AOCI
 
684

 
—

 
—

 
684

Amounts Reclassified from AOCI
 
(74
)
 
759

 
1,075

 
1,760

Net Current Period Other
Comprehensive Income
 
610

 
759

 
1,075

 
2,444

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)


I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(15,155
)
 
$
507

 
$
(14,648
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
410

 
42

 
452

Net Current Period Other
Comprehensive Income
 
—

 
410

 
42

 
452

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
147

 
$
(16,796
)
 
$
(8,439
)
 
$
(25,088
)
Change in Fair Value Recognized in AOCI
 
(49
)
 
—

 
—

 
(49
)
Amounts Reclassified from AOCI
 
(117
)
 
410

 
174

 
467

Net Current Period Other
Comprehensive Income
 
(166
)
 
410

 
174

 
418

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
46

 
$
(15,976
)
 
$
421

 
$
(15,509
)
Change in Fair Value Recognized in AOCI
 
1,130

 
—

 
—

 
1,130

Amounts Reclassified from AOCI
 
(1,176
)
 
1,231

 
128

 
183

Net Current Period Other
Comprehensive Income
 
(46
)
 
1,231

 
128

 
1,313

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(446
)
 
$
(19,647
)
 
$
(8,790
)
 
$
(28,883
)
Change in Fair Value Recognized in AOCI
 
443

 
2,248

 
—

 
2,691

Amounts Reclassified from AOCI
 
(16
)
 
1,013

 
525

 
1,522

Net Current Period Other
Comprehensive Income
 
427

 
3,261

 
525

 
4,213

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
6,288

 
$
—

 
$
6,288

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(343
)
 
—

 
(343
)
Net Current Period Other
Comprehensive Income
 
—

 
(343
)
 
—

 
(343
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945

 
OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
289

 
$
7,415

 
$
(166,369
)
 
$
(158,665
)
Change in Fair Value Recognized in AOCI
 
(86
)
 
—

 
—

 
(86
)
Amounts Reclassified from AOCI
 
(250
)
 
(339
)
 
2,985

 
2,396

Net Current Period Other
Comprehensive Income
 
(336
)
 
(339
)
 
2,985

 
2,310

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)

OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
105

 
$
6,974

 
$
—

 
$
7,079

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Net Current Period Other
Comprehensive Income
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(912
)
 
$
8,095

 
$
(172,908
)
 
$
(165,725
)
Change in Fair Value Recognized in AOCI
 
907

 
—

 
—

 
907

Amounts Reclassified from AOCI
 
(42
)
 
(1,019
)
 
9,524

 
8,463

Net Current Period Other
Comprehensive Income
 
865

 
(1,019
)
 
9,524

 
9,370

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
5,322

 
$
5,322

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(190
)
 
(190
)
Net Current Period Other Comprehensive Income
 
—

 
(190
)
 
(190
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132

 
PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(21
)
 
$
6,081

 
$
6,060

Change in Fair Value Recognized in AOCI
 
32

 
—

 
32

Amounts Reclassified from AOCI
 
(14
)
 
(190
)
 
(204
)
Net Current Period Other Comprehensive Income
 
18

 
(190
)
 
(172
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
57

 
$
5,701

 
$
5,758

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(57
)
 
(569
)
 
(626
)
Net Current Period Other Comprehensive Income
 
(57
)
 
(569
)
 
(626
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
21

 
$
6,460

 
$
6,481

Change in Fair Value Recognized in AOCI
 
7

 
1

 
8

Amounts Reclassified from AOCI
 
(31
)
 
(570
)
 
(601
)
Net Current Period Other Comprehensive Income
 
(24
)
 
(569
)
 
(593
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888



SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(12,169
)
 
$
4,325

 
$
(7,844
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
567

 
(235
)
 
332

Net Current Period Other
Comprehensive Income
 
—

 
567

 
(235
)
 
332

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(26
)
 
$
(14,437
)
 
$
(2,438
)
 
$
(16,901
)
Change in Fair Value Recognized in AOCI
 
40

 
—

 
—

 
40

Amounts Reclassified from AOCI
 
(17
)
 
566

 
(64
)
 
485

Net Current Period Other
Comprehensive Income
 
23

 
566

 
(64
)
 
525

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
66

 
$
(13,304
)
 
$
4,794

 
$
(8,444
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(66
)
 
1,702

 
(704
)
 
932

Net Current Period Other
Comprehensive Income
 
(66
)
 
1,702

 
(704
)
 
932

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
22

 
$
(15,571
)
 
$
(2,311
)
 
$
(17,860
)
Change in Fair Value Recognized in AOCI
 
13

 
—

 
—

 
13

Amounts Reclassified from AOCI
 
(38
)
 
1,700

 
(191
)
 
1,471

Net Current Period Other
Comprehensive Income
 
(25
)
 
1,700

 
(191
)
 
1,484

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)


Reclassifications from Accumulated Other Comprehensive Income

The following tables provide details of reclassifications from AOCI for the three and nine months ended September 30, 2014 and 2013.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 for additional details.
 
APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(75
)
Purchased Electricity for Resale
 
—

 
21

Other Operation Expense
 
—

 
(14
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(15
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(190
)
Subtotal – Commodity
 
—

 
(284
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
262

 
390

Subtotal – Interest Rate and Foreign Currency
 
262

 
390

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
262

 
106

Income Tax (Expense) Credit
 
92

 
37

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
170

 
69

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,281
)
 
(1,282
)
Amortization of Actuarial (Gains)/Losses
 
769

 
1,834

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(512
)
 
552

Income Tax (Expense) Credit
 
(179
)
 
193

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(333
)
 
359

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(163
)
 
$
428


APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(53
)
Purchased Electricity for Resale
 
(526
)
 
47

Other Operation Expense
 
(10
)
 
(38
)
Maintenance Expense
 
(20
)
 
(29
)
Property, Plant and Equipment
 
(17
)
 
(34
)
Regulatory Assets/(Liabilities), Net (a)
 
(2,165
)
 
(9
)
Subtotal – Commodity
 
(2,738
)
 
(116
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,042

 
1,169

Subtotal – Interest Rate and Foreign Currency
 
1,042

 
1,169

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,696
)
 
1,053

Income Tax (Expense) Credit
 
(592
)
 
368

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,104
)
 
685

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(3,846
)
 
(3,847
)
Amortization of Actuarial (Gains)/Losses
 
2,309

 
5,501

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,537
)
 
1,654

Income Tax (Expense) Credit
 
(538
)
 
579

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(999
)
 
1,075

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(2,103
)
 
$
1,760


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(173
)
Purchased Electricity for Resale
 
—

 
47

Other Operation Expense
 
—

 
(8
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(10
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(31
)
Subtotal – Commodity
 
—

 
(180
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
631

 
631

Subtotal – Interest Rate and Foreign Currency
 
631

 
631

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
631

 
451

Income Tax (Expense) Credit
 
221

 
158

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
410

 
293

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(200
)
 
(199
)
Amortization of Actuarial (Gains)/Losses
 
264

 
467

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
64

 
268

Income Tax (Expense) Credit
 
22

 
94

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
42

 
174

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
452

 
$
467


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(89
)
Purchased Electricity for Resale
 
(812
)
 
115

Other Operation Expense
 
(7
)
 
(23
)
Maintenance Expense
 
(7
)
 
(14
)
Property, Plant and Equipment
 
(10
)
 
(20
)
Regulatory Assets/(Liabilities), Net (a)
 
(973
)
 
7

Subtotal – Commodity
 
(1,809
)
 
(24
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,893

 
1,558

Subtotal – Interest Rate and Foreign Currency
 
1,893

 
1,558

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
84

 
1,534

Income Tax (Expense) Credit
 
29

 
537

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
55

 
997

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(597
)
 
(596
)
Amortization of Actuarial (Gains)/Losses
 
791

 
1,404

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
194

 
808

Income Tax (Expense) Credit
 
66

 
283

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
128

 
525

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
183

 
$
1,522


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(461
)
Purchased Electricity for Resale
 
—

 
129

Other Operation Expense
 
—

 
(20
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(21
)
Subtotal – Commodity
 
—

 
(384
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(3
)
 
2

Interest Expense
 
(524
)
 
(524
)
Subtotal – Interest Rate and Foreign Currency
 
(527
)
 
(522
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(527
)
 
(906
)
Income Tax (Expense) Credit
 
(184
)
 
(317
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(343
)
 
(589
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(1,451
)
Amortization of Actuarial (Gains)/Losses
 
—

 
6,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
4,593

Income Tax (Expense) Credit
 
—

 
1,608

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
2,985

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(343
)
 
$
2,396


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(246
)
Purchased Electricity for Resale
 
—

 
309

Other Operation Expense
 
(11
)
 
(57
)
Maintenance Expense
 
(11
)
 
(26
)
Property, Plant and Equipment
 
(18
)
 
(44
)
Regulatory Assets/(Liabilities), Net (a)
 
(122
)
 
—

Subtotal – Commodity
 
(162
)
 
(64
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(9
)
 
5

Interest Expense
 
(1,572
)
 
(1,573
)
Subtotal – Interest Rate and Foreign Currency
 
(1,581
)
 
(1,568
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,743
)
 
(1,632
)
Income Tax (Expense) Credit
 
(609
)
 
(571
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,134
)
 
(1,061
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(4,388
)
Amortization of Actuarial (Gains)/Losses
 
—

 
19,040

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
14,652

Income Tax (Expense) Credit
 
—

 
5,128

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
9,524

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(1,134
)
 
$
8,463



PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(10
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(7
)
Subtotal – Commodity
 
—

 
(22
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(292
)
 
(292
)
Subtotal – Interest Rate and Foreign Currency
 
(292
)
 
(292
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(292
)
 
(314
)
Income Tax (Expense) Credit
 
(102
)
 
(110
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(190
)
 
$
(204
)
 
PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(8
)
 
$
(25
)
Maintenance Expense
 
(9
)
 
(9
)
Property, Plant and Equipment
 
(13
)
 
(14
)
Regulatory Assets/(Liabilities), Net (a)
 
(58
)
 
—

Subtotal – Commodity
 
(88
)
 
(48
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(876
)
 
(876
)
Subtotal – Interest Rate and Foreign Currency
 
(876
)
 
(876
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(964
)
 
(924
)
Income Tax (Expense) Credit
 
(338
)
 
(323
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(626
)
 
$
(601
)

SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(12
)
Maintenance Expense
 
—

 
(7
)
Property, Plant and Equipment
 
—

 
(8
)
Subtotal – Commodity
 
—

 
(27
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
872

 
872

Subtotal – Interest Rate and Foreign Currency
 
872

 
872

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
872

 
845

Income Tax (Expense) Credit
 
305

 
296

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
567

 
549

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(478
)
 
(446
)
Amortization of Actuarial (Gains)/Losses
 
118

 
348

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(360
)
 
(98
)
Income Tax (Expense) Credit
 
(125
)
 
(34
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(235
)
 
(64
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
332

 
$
485

 
SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(13
)
 
$
(28
)
Maintenance Expense
 
(10
)
 
(14
)
Property, Plant and Equipment
 
(11
)
 
(16
)
Regulatory Assets/(Liabilities), Net (a)
 
(67
)
 
—

Subtotal – Commodity
 
(101
)
 
(58
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
2,616

 
2,616

Subtotal – Interest Rate and Foreign Currency
 
2,616

 
2,616

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
2,515

 
2,558

Income Tax (Expense) Credit
 
879

 
896

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
1,636

 
1,662

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,433
)
 
(1,338
)
Amortization of Actuarial (Gains)/Losses
 
351

 
1,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,082
)
 
(294
)
Income Tax (Expense) Credit
 
(378
)
 
(103
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(704
)
 
(191
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
932

 
$
1,471


(a)
Represents realized gains and losses subject to regulatory accounting treatment recorded as either current or noncurrent on the condensed balance sheets.
Public Service Co Of Oklahoma [Member]
  
Comprehensive Income
COMPREHENSIVE INCOME

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI for the three and nine months ended September 30, 2014 and 2013.  All amounts in the following tables are presented net of related income taxes.
 
APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
3,596

 
$
(899
)
 
$
2,697

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
170

 
(333
)
 
(163
)
Net Current Period Other
Comprehensive Income
 
—

 
170

 
(333
)
 
(163
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
197

 
$
2,583

 
$
(30,615
)
 
$
(27,835
)
Change in Fair Value Recognized in AOCI
 
(47
)
 
—

 
—

 
(47
)
Amounts Reclassified from AOCI
 
(184
)
 
253

 
359

 
428

Net Current Period Other
Comprehensive Income
 
(231
)
 
253

 
359

 
381

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
94

 
$
3,090

 
$
(233
)
 
$
2,951

Change in Fair Value Recognized in AOCI
 
1,686

 
—

 
—

 
1,686

Amounts Reclassified from AOCI
 
(1,780
)
 
676

 
(999
)
 
(2,103
)
Net Current Period Other
Comprehensive Income
 
(94
)
 
676

 
(999
)
 
(417
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(644
)
 
$
2,077

 
$
(31,331
)
 
$
(29,898
)
Change in Fair Value Recognized in AOCI
 
684

 
—

 
—

 
684

Amounts Reclassified from AOCI
 
(74
)
 
759

 
1,075

 
1,760

Net Current Period Other
Comprehensive Income
 
610

 
759

 
1,075

 
2,444

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)


I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(15,155
)
 
$
507

 
$
(14,648
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
410

 
42

 
452

Net Current Period Other
Comprehensive Income
 
—

 
410

 
42

 
452

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
147

 
$
(16,796
)
 
$
(8,439
)
 
$
(25,088
)
Change in Fair Value Recognized in AOCI
 
(49
)
 
—

 
—

 
(49
)
Amounts Reclassified from AOCI
 
(117
)
 
410

 
174

 
467

Net Current Period Other
Comprehensive Income
 
(166
)
 
410

 
174

 
418

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
46

 
$
(15,976
)
 
$
421

 
$
(15,509
)
Change in Fair Value Recognized in AOCI
 
1,130

 
—

 
—

 
1,130

Amounts Reclassified from AOCI
 
(1,176
)
 
1,231

 
128

 
183

Net Current Period Other
Comprehensive Income
 
(46
)
 
1,231

 
128

 
1,313

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(446
)
 
$
(19,647
)
 
$
(8,790
)
 
$
(28,883
)
Change in Fair Value Recognized in AOCI
 
443

 
2,248

 
—

 
2,691

Amounts Reclassified from AOCI
 
(16
)
 
1,013

 
525

 
1,522

Net Current Period Other
Comprehensive Income
 
427

 
3,261

 
525

 
4,213

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
6,288

 
$
—

 
$
6,288

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(343
)
 
—

 
(343
)
Net Current Period Other
Comprehensive Income
 
—

 
(343
)
 
—

 
(343
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945

 
OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
289

 
$
7,415

 
$
(166,369
)
 
$
(158,665
)
Change in Fair Value Recognized in AOCI
 
(86
)
 
—

 
—

 
(86
)
Amounts Reclassified from AOCI
 
(250
)
 
(339
)
 
2,985

 
2,396

Net Current Period Other
Comprehensive Income
 
(336
)
 
(339
)
 
2,985

 
2,310

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)

OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
105

 
$
6,974

 
$
—

 
$
7,079

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Net Current Period Other
Comprehensive Income
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(912
)
 
$
8,095

 
$
(172,908
)
 
$
(165,725
)
Change in Fair Value Recognized in AOCI
 
907

 
—

 
—

 
907

Amounts Reclassified from AOCI
 
(42
)
 
(1,019
)
 
9,524

 
8,463

Net Current Period Other
Comprehensive Income
 
865

 
(1,019
)
 
9,524

 
9,370

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
5,322

 
$
5,322

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(190
)
 
(190
)
Net Current Period Other Comprehensive Income
 
—

 
(190
)
 
(190
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132

 
PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(21
)
 
$
6,081

 
$
6,060

Change in Fair Value Recognized in AOCI
 
32

 
—

 
32

Amounts Reclassified from AOCI
 
(14
)
 
(190
)
 
(204
)
Net Current Period Other Comprehensive Income
 
18

 
(190
)
 
(172
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
57

 
$
5,701

 
$
5,758

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(57
)
 
(569
)
 
(626
)
Net Current Period Other Comprehensive Income
 
(57
)
 
(569
)
 
(626
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
21

 
$
6,460

 
$
6,481

Change in Fair Value Recognized in AOCI
 
7

 
1

 
8

Amounts Reclassified from AOCI
 
(31
)
 
(570
)
 
(601
)
Net Current Period Other Comprehensive Income
 
(24
)
 
(569
)
 
(593
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888



SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(12,169
)
 
$
4,325

 
$
(7,844
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
567

 
(235
)
 
332

Net Current Period Other
Comprehensive Income
 
—

 
567

 
(235
)
 
332

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(26
)
 
$
(14,437
)
 
$
(2,438
)
 
$
(16,901
)
Change in Fair Value Recognized in AOCI
 
40

 
—

 
—

 
40

Amounts Reclassified from AOCI
 
(17
)
 
566

 
(64
)
 
485

Net Current Period Other
Comprehensive Income
 
23

 
566

 
(64
)
 
525

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
66

 
$
(13,304
)
 
$
4,794

 
$
(8,444
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(66
)
 
1,702

 
(704
)
 
932

Net Current Period Other
Comprehensive Income
 
(66
)
 
1,702

 
(704
)
 
932

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
22

 
$
(15,571
)
 
$
(2,311
)
 
$
(17,860
)
Change in Fair Value Recognized in AOCI
 
13

 
—

 
—

 
13

Amounts Reclassified from AOCI
 
(38
)
 
1,700

 
(191
)
 
1,471

Net Current Period Other
Comprehensive Income
 
(25
)
 
1,700

 
(191
)
 
1,484

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)


Reclassifications from Accumulated Other Comprehensive Income

The following tables provide details of reclassifications from AOCI for the three and nine months ended September 30, 2014 and 2013.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 for additional details.
 
APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(75
)
Purchased Electricity for Resale
 
—

 
21

Other Operation Expense
 
—

 
(14
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(15
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(190
)
Subtotal – Commodity
 
—

 
(284
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
262

 
390

Subtotal – Interest Rate and Foreign Currency
 
262

 
390

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
262

 
106

Income Tax (Expense) Credit
 
92

 
37

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
170

 
69

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,281
)
 
(1,282
)
Amortization of Actuarial (Gains)/Losses
 
769

 
1,834

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(512
)
 
552

Income Tax (Expense) Credit
 
(179
)
 
193

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(333
)
 
359

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(163
)
 
$
428


APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(53
)
Purchased Electricity for Resale
 
(526
)
 
47

Other Operation Expense
 
(10
)
 
(38
)
Maintenance Expense
 
(20
)
 
(29
)
Property, Plant and Equipment
 
(17
)
 
(34
)
Regulatory Assets/(Liabilities), Net (a)
 
(2,165
)
 
(9
)
Subtotal – Commodity
 
(2,738
)
 
(116
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,042

 
1,169

Subtotal – Interest Rate and Foreign Currency
 
1,042

 
1,169

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,696
)
 
1,053

Income Tax (Expense) Credit
 
(592
)
 
368

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,104
)
 
685

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(3,846
)
 
(3,847
)
Amortization of Actuarial (Gains)/Losses
 
2,309

 
5,501

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,537
)
 
1,654

Income Tax (Expense) Credit
 
(538
)
 
579

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(999
)
 
1,075

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(2,103
)
 
$
1,760


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(173
)
Purchased Electricity for Resale
 
—

 
47

Other Operation Expense
 
—

 
(8
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(10
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(31
)
Subtotal – Commodity
 
—

 
(180
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
631

 
631

Subtotal – Interest Rate and Foreign Currency
 
631

 
631

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
631

 
451

Income Tax (Expense) Credit
 
221

 
158

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
410

 
293

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(200
)
 
(199
)
Amortization of Actuarial (Gains)/Losses
 
264

 
467

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
64

 
268

Income Tax (Expense) Credit
 
22

 
94

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
42

 
174

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
452

 
$
467


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(89
)
Purchased Electricity for Resale
 
(812
)
 
115

Other Operation Expense
 
(7
)
 
(23
)
Maintenance Expense
 
(7
)
 
(14
)
Property, Plant and Equipment
 
(10
)
 
(20
)
Regulatory Assets/(Liabilities), Net (a)
 
(973
)
 
7

Subtotal – Commodity
 
(1,809
)
 
(24
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,893

 
1,558

Subtotal – Interest Rate and Foreign Currency
 
1,893

 
1,558

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
84

 
1,534

Income Tax (Expense) Credit
 
29

 
537

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
55

 
997

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(597
)
 
(596
)
Amortization of Actuarial (Gains)/Losses
 
791

 
1,404

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
194

 
808

Income Tax (Expense) Credit
 
66

 
283

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
128

 
525

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
183

 
$
1,522


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(461
)
Purchased Electricity for Resale
 
—

 
129

Other Operation Expense
 
—

 
(20
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(21
)
Subtotal – Commodity
 
—

 
(384
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(3
)
 
2

Interest Expense
 
(524
)
 
(524
)
Subtotal – Interest Rate and Foreign Currency
 
(527
)
 
(522
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(527
)
 
(906
)
Income Tax (Expense) Credit
 
(184
)
 
(317
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(343
)
 
(589
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(1,451
)
Amortization of Actuarial (Gains)/Losses
 
—

 
6,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
4,593

Income Tax (Expense) Credit
 
—

 
1,608

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
2,985

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(343
)
 
$
2,396


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(246
)
Purchased Electricity for Resale
 
—

 
309

Other Operation Expense
 
(11
)
 
(57
)
Maintenance Expense
 
(11
)
 
(26
)
Property, Plant and Equipment
 
(18
)
 
(44
)
Regulatory Assets/(Liabilities), Net (a)
 
(122
)
 
—

Subtotal – Commodity
 
(162
)
 
(64
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(9
)
 
5

Interest Expense
 
(1,572
)
 
(1,573
)
Subtotal – Interest Rate and Foreign Currency
 
(1,581
)
 
(1,568
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,743
)
 
(1,632
)
Income Tax (Expense) Credit
 
(609
)
 
(571
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,134
)
 
(1,061
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(4,388
)
Amortization of Actuarial (Gains)/Losses
 
—

 
19,040

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
14,652

Income Tax (Expense) Credit
 
—

 
5,128

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
9,524

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(1,134
)
 
$
8,463



PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(10
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(7
)
Subtotal – Commodity
 
—

 
(22
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(292
)
 
(292
)
Subtotal – Interest Rate and Foreign Currency
 
(292
)
 
(292
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(292
)
 
(314
)
Income Tax (Expense) Credit
 
(102
)
 
(110
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(190
)
 
$
(204
)
 
PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(8
)
 
$
(25
)
Maintenance Expense
 
(9
)
 
(9
)
Property, Plant and Equipment
 
(13
)
 
(14
)
Regulatory Assets/(Liabilities), Net (a)
 
(58
)
 
—

Subtotal – Commodity
 
(88
)
 
(48
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(876
)
 
(876
)
Subtotal – Interest Rate and Foreign Currency
 
(876
)
 
(876
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(964
)
 
(924
)
Income Tax (Expense) Credit
 
(338
)
 
(323
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(626
)
 
$
(601
)

SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(12
)
Maintenance Expense
 
—

 
(7
)
Property, Plant and Equipment
 
—

 
(8
)
Subtotal – Commodity
 
—

 
(27
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
872

 
872

Subtotal – Interest Rate and Foreign Currency
 
872

 
872

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
872

 
845

Income Tax (Expense) Credit
 
305

 
296

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
567

 
549

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(478
)
 
(446
)
Amortization of Actuarial (Gains)/Losses
 
118

 
348

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(360
)
 
(98
)
Income Tax (Expense) Credit
 
(125
)
 
(34
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(235
)
 
(64
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
332

 
$
485

 
SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(13
)
 
$
(28
)
Maintenance Expense
 
(10
)
 
(14
)
Property, Plant and Equipment
 
(11
)
 
(16
)
Regulatory Assets/(Liabilities), Net (a)
 
(67
)
 
—

Subtotal – Commodity
 
(101
)
 
(58
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
2,616

 
2,616

Subtotal – Interest Rate and Foreign Currency
 
2,616

 
2,616

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
2,515

 
2,558

Income Tax (Expense) Credit
 
879

 
896

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
1,636

 
1,662

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,433
)
 
(1,338
)
Amortization of Actuarial (Gains)/Losses
 
351

 
1,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,082
)
 
(294
)
Income Tax (Expense) Credit
 
(378
)
 
(103
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(704
)
 
(191
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
932

 
$
1,471


(a)
Represents realized gains and losses subject to regulatory accounting treatment recorded as either current or noncurrent on the condensed balance sheets.
Southwestern Electric Power Co [Member]
  
Comprehensive Income
COMPREHENSIVE INCOME

Presentation of Comprehensive Income

The following tables provide the components of changes in AOCI for the three and nine months ended September 30, 2014 and 2013.  All amounts in the following tables are presented net of related income taxes.
 
APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
3,596

 
$
(899
)
 
$
2,697

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
170

 
(333
)
 
(163
)
Net Current Period Other
Comprehensive Income
 
—

 
170

 
(333
)
 
(163
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
197

 
$
2,583

 
$
(30,615
)
 
$
(27,835
)
Change in Fair Value Recognized in AOCI
 
(47
)
 
—

 
—

 
(47
)
Amounts Reclassified from AOCI
 
(184
)
 
253

 
359

 
428

Net Current Period Other
Comprehensive Income
 
(231
)
 
253

 
359

 
381

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)

APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
94

 
$
3,090

 
$
(233
)
 
$
2,951

Change in Fair Value Recognized in AOCI
 
1,686

 
—

 
—

 
1,686

Amounts Reclassified from AOCI
 
(1,780
)
 
676

 
(999
)
 
(2,103
)
Net Current Period Other
Comprehensive Income
 
(94
)
 
676

 
(999
)
 
(417
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
3,766

 
$
(1,232
)
 
$
2,534


APCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(644
)
 
$
2,077

 
$
(31,331
)
 
$
(29,898
)
Change in Fair Value Recognized in AOCI
 
684

 
—

 
—

 
684

Amounts Reclassified from AOCI
 
(74
)
 
759

 
1,075

 
1,760

Net Current Period Other
Comprehensive Income
 
610

 
759

 
1,075

 
2,444

Balance in AOCI as of September 30, 2013
 
$
(34
)
 
$
2,836

 
$
(30,256
)
 
$
(27,454
)


I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(15,155
)
 
$
507

 
$
(14,648
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
410

 
42

 
452

Net Current Period Other
Comprehensive Income
 
—

 
410

 
42

 
452

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
147

 
$
(16,796
)
 
$
(8,439
)
 
$
(25,088
)
Change in Fair Value Recognized in AOCI
 
(49
)
 
—

 
—

 
(49
)
Amounts Reclassified from AOCI
 
(117
)
 
410

 
174

 
467

Net Current Period Other
Comprehensive Income
 
(166
)
 
410

 
174

 
418

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
46

 
$
(15,976
)
 
$
421

 
$
(15,509
)
Change in Fair Value Recognized in AOCI
 
1,130

 
—

 
—

 
1,130

Amounts Reclassified from AOCI
 
(1,176
)
 
1,231

 
128

 
183

Net Current Period Other
Comprehensive Income
 
(46
)
 
1,231

 
128

 
1,313

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(14,745
)
 
$
549

 
$
(14,196
)

I&M

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(446
)
 
$
(19,647
)
 
$
(8,790
)
 
$
(28,883
)
Change in Fair Value Recognized in AOCI
 
443

 
2,248

 
—

 
2,691

Amounts Reclassified from AOCI
 
(16
)
 
1,013

 
525

 
1,522

Net Current Period Other
Comprehensive Income
 
427

 
3,261

 
525

 
4,213

Balance in AOCI as of September 30, 2013
 
$
(19
)
 
$
(16,386
)
 
$
(8,265
)
 
$
(24,670
)


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
6,288

 
$
—

 
$
6,288

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(343
)
 
—

 
(343
)
Net Current Period Other
Comprehensive Income
 
—

 
(343
)
 
—

 
(343
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945

 
OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
289

 
$
7,415

 
$
(166,369
)
 
$
(158,665
)
Change in Fair Value Recognized in AOCI
 
(86
)
 
—

 
—

 
(86
)
Amounts Reclassified from AOCI
 
(250
)
 
(339
)
 
2,985

 
2,396

Net Current Period Other
Comprehensive Income
 
(336
)
 
(339
)
 
2,985

 
2,310

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)

OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
105

 
$
6,974

 
$
—

 
$
7,079

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Net Current Period Other
Comprehensive Income
 
(105
)
 
(1,029
)
 
—

 
(1,134
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,945

 
$
—

 
$
5,945


OPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
(912
)
 
$
8,095

 
$
(172,908
)
 
$
(165,725
)
Change in Fair Value Recognized in AOCI
 
907

 
—

 
—

 
907

Amounts Reclassified from AOCI
 
(42
)
 
(1,019
)
 
9,524

 
8,463

Net Current Period Other
Comprehensive Income
 
865

 
(1,019
)
 
9,524

 
9,370

Distribution of Cook Coal Terminal to Parent
 
—

 
—

 
19,652

 
19,652

Balance in AOCI as of September 30, 2013
 
$
(47
)
 
$
7,076

 
$
(143,732
)
 
$
(136,703
)


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
5,322

 
$
5,322

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
(190
)
 
(190
)
Net Current Period Other Comprehensive Income
 
—

 
(190
)
 
(190
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132

 
PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(21
)
 
$
6,081

 
$
6,060

Change in Fair Value Recognized in AOCI
 
32

 
—

 
32

Amounts Reclassified from AOCI
 
(14
)
 
(190
)
 
(204
)
Net Current Period Other Comprehensive Income
 
18

 
(190
)
 
(172
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
57

 
$
5,701

 
$
5,758

Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(57
)
 
(569
)
 
(626
)
Net Current Period Other Comprehensive Income
 
(57
)
 
(569
)
 
(626
)
Balance in AOCI as of September 30, 2014
 
$
—

 
$
5,132

 
$
5,132


PSO

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
21

 
$
6,460

 
$
6,481

Change in Fair Value Recognized in AOCI
 
7

 
1

 
8

Amounts Reclassified from AOCI
 
(31
)
 
(570
)
 
(601
)
Net Current Period Other Comprehensive Income
 
(24
)
 
(569
)
 
(593
)
Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
5,891

 
$
5,888



SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2014
 
$
—

 
$
(12,169
)
 
$
4,325

 
$
(7,844
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
—

 
567

 
(235
)
 
332

Net Current Period Other
Comprehensive Income
 
—

 
567

 
(235
)
 
332

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Three Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of June 30, 2013
 
$
(26
)
 
$
(14,437
)
 
$
(2,438
)
 
$
(16,901
)
Change in Fair Value Recognized in AOCI
 
40

 
—

 
—

 
40

Amounts Reclassified from AOCI
 
(17
)
 
566

 
(64
)
 
485

Net Current Period Other
Comprehensive Income
 
23

 
566

 
(64
)
 
525

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2014
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2013
 
$
66

 
$
(13,304
)
 
$
4,794

 
$
(8,444
)
Change in Fair Value Recognized in AOCI
 
—

 
—

 
—

 
—

Amounts Reclassified from AOCI
 
(66
)
 
1,702

 
(704
)
 
932

Net Current Period Other
Comprehensive Income
 
(66
)
 
1,702

 
(704
)
 
932

Balance in AOCI as of September 30, 2014
 
$
—

 
$
(11,602
)
 
$
4,090

 
$
(7,512
)

SWEPCo

Changes in Accumulated Other Comprehensive Income (Loss) by Component
For the Nine Months Ended September 30, 2013
 
 
Cash Flow Hedges
 
 
 
 
 
 
Commodity
 
Interest Rate and
Foreign Currency
 
Pension
and OPEB
 
Total
 
 
(in thousands)
Balance in AOCI as of December 31, 2012
 
$
22

 
$
(15,571
)
 
$
(2,311
)
 
$
(17,860
)
Change in Fair Value Recognized in AOCI
 
13

 
—

 
—

 
13

Amounts Reclassified from AOCI
 
(38
)
 
1,700

 
(191
)
 
1,471

Net Current Period Other
Comprehensive Income
 
(25
)
 
1,700

 
(191
)
 
1,484

Balance in AOCI as of September 30, 2013
 
$
(3
)
 
$
(13,871
)
 
$
(2,502
)
 
$
(16,376
)


Reclassifications from Accumulated Other Comprehensive Income

The following tables provide details of reclassifications from AOCI for the three and nine months ended September 30, 2014 and 2013.  The amortization of pension and OPEB AOCI components are included in the computation of net periodic pension and OPEB costs.  See Note 7 for additional details.
 
APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(75
)
Purchased Electricity for Resale
 
—

 
21

Other Operation Expense
 
—

 
(14
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(15
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(190
)
Subtotal – Commodity
 
—

 
(284
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
262

 
390

Subtotal – Interest Rate and Foreign Currency
 
262

 
390

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
262

 
106

Income Tax (Expense) Credit
 
92

 
37

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
170

 
69

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,281
)
 
(1,282
)
Amortization of Actuarial (Gains)/Losses
 
769

 
1,834

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(512
)
 
552

Income Tax (Expense) Credit
 
(179
)
 
193

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(333
)
 
359

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(163
)
 
$
428


APCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(53
)
Purchased Electricity for Resale
 
(526
)
 
47

Other Operation Expense
 
(10
)
 
(38
)
Maintenance Expense
 
(20
)
 
(29
)
Property, Plant and Equipment
 
(17
)
 
(34
)
Regulatory Assets/(Liabilities), Net (a)
 
(2,165
)
 
(9
)
Subtotal – Commodity
 
(2,738
)
 
(116
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,042

 
1,169

Subtotal – Interest Rate and Foreign Currency
 
1,042

 
1,169

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,696
)
 
1,053

Income Tax (Expense) Credit
 
(592
)
 
368

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,104
)
 
685

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(3,846
)
 
(3,847
)
Amortization of Actuarial (Gains)/Losses
 
2,309

 
5,501

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,537
)
 
1,654

Income Tax (Expense) Credit
 
(538
)
 
579

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(999
)
 
1,075

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(2,103
)
 
$
1,760


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(173
)
Purchased Electricity for Resale
 
—

 
47

Other Operation Expense
 
—

 
(8
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(10
)
Regulatory Assets/(Liabilities), Net (a)
 
—

 
(31
)
Subtotal – Commodity
 
—

 
(180
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
631

 
631

Subtotal – Interest Rate and Foreign Currency
 
631

 
631

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
631

 
451

Income Tax (Expense) Credit
 
221

 
158

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
410

 
293

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(200
)
 
(199
)
Amortization of Actuarial (Gains)/Losses
 
264

 
467

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
64

 
268

Income Tax (Expense) Credit
 
22

 
94

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
42

 
174

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
452

 
$
467


I&M

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(89
)
Purchased Electricity for Resale
 
(812
)
 
115

Other Operation Expense
 
(7
)
 
(23
)
Maintenance Expense
 
(7
)
 
(14
)
Property, Plant and Equipment
 
(10
)
 
(20
)
Regulatory Assets/(Liabilities), Net (a)
 
(973
)
 
7

Subtotal – Commodity
 
(1,809
)
 
(24
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
1,893

 
1,558

Subtotal – Interest Rate and Foreign Currency
 
1,893

 
1,558

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
84

 
1,534

Income Tax (Expense) Credit
 
29

 
537

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
55

 
997

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(597
)
 
(596
)
Amortization of Actuarial (Gains)/Losses
 
791

 
1,404

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
194

 
808

Income Tax (Expense) Credit
 
66

 
283

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
128

 
525

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
183

 
$
1,522


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(461
)
Purchased Electricity for Resale
 
—

 
129

Other Operation Expense
 
—

 
(20
)
Maintenance Expense
 
—

 
(11
)
Property, Plant and Equipment
 
—

 
(21
)
Subtotal – Commodity
 
—

 
(384
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(3
)
 
2

Interest Expense
 
(524
)
 
(524
)
Subtotal – Interest Rate and Foreign Currency
 
(527
)
 
(522
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(527
)
 
(906
)
Income Tax (Expense) Credit
 
(184
)
 
(317
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(343
)
 
(589
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(1,451
)
Amortization of Actuarial (Gains)/Losses
 
—

 
6,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
4,593

Income Tax (Expense) Credit
 
—

 
1,608

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
2,985

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(343
)
 
$
2,396


OPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Electric Generation, Transmission and Distribution Revenues
 
$
—

 
$
(246
)
Purchased Electricity for Resale
 
—

 
309

Other Operation Expense
 
(11
)
 
(57
)
Maintenance Expense
 
(11
)
 
(26
)
Property, Plant and Equipment
 
(18
)
 
(44
)
Regulatory Assets/(Liabilities), Net (a)
 
(122
)
 
—

Subtotal – Commodity
 
(162
)
 
(64
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Depreciation and Amortization Expense
 
(9
)
 
5

Interest Expense
 
(1,572
)
 
(1,573
)
Subtotal – Interest Rate and Foreign Currency
 
(1,581
)
 
(1,568
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,743
)
 
(1,632
)
Income Tax (Expense) Credit
 
(609
)
 
(571
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(1,134
)
 
(1,061
)
 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
—

 
(4,388
)
Amortization of Actuarial (Gains)/Losses
 
—

 
19,040

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
—

 
14,652

Income Tax (Expense) Credit
 
—

 
5,128

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
—

 
9,524

 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(1,134
)
 
$
8,463



PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(10
)
Maintenance Expense
 
—

 
(5
)
Property, Plant and Equipment
 
—

 
(7
)
Subtotal – Commodity
 
—

 
(22
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(292
)
 
(292
)
Subtotal – Interest Rate and Foreign Currency
 
(292
)
 
(292
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(292
)
 
(314
)
Income Tax (Expense) Credit
 
(102
)
 
(110
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(190
)
 
$
(204
)
 
PSO

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(8
)
 
$
(25
)
Maintenance Expense
 
(9
)
 
(9
)
Property, Plant and Equipment
 
(13
)
 
(14
)
Regulatory Assets/(Liabilities), Net (a)
 
(58
)
 
—

Subtotal – Commodity
 
(88
)
 
(48
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
(876
)
 
(876
)
Subtotal – Interest Rate and Foreign Currency
 
(876
)
 
(876
)
 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(964
)
 
(924
)
Income Tax (Expense) Credit
 
(338
)
 
(323
)
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
(626
)
 
$
(601
)

SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Three Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Three Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
—

 
$
(12
)
Maintenance Expense
 
—

 
(7
)
Property, Plant and Equipment
 
—

 
(8
)
Subtotal – Commodity
 
—

 
(27
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
872

 
872

Subtotal – Interest Rate and Foreign Currency
 
872

 
872

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
872

 
845

Income Tax (Expense) Credit
 
305

 
296

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
567

 
549

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(478
)
 
(446
)
Amortization of Actuarial (Gains)/Losses
 
118

 
348

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(360
)
 
(98
)
Income Tax (Expense) Credit
 
(125
)
 
(34
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(235
)
 
(64
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
332

 
$
485

 
SWEPCo

Reclassifications from Accumulated Other Comprehensive Income (Loss)
For the Nine Months Ended September 30, 2014 and 2013
 
 
Amount of (Gain) Loss
Reclassified from AOCI
 
 
Nine Months Ended September 30,
 
 
2014
 
2013
Gains and Losses on Cash Flow Hedges
 
(in thousands)
Commodity:
 
 

 
 
Other Operation Expense
 
$
(13
)
 
$
(28
)
Maintenance Expense
 
(10
)
 
(14
)
Property, Plant and Equipment
 
(11
)
 
(16
)
Regulatory Assets/(Liabilities), Net (a)
 
(67
)
 
—

Subtotal – Commodity
 
(101
)
 
(58
)
 
 
 

 
 
Interest Rate and Foreign Currency:
 
 

 
 
Interest Expense
 
2,616

 
2,616

Subtotal – Interest Rate and Foreign Currency
 
2,616

 
2,616

 
 
 
 
 
Reclassifications from AOCI, before Income Tax (Expense) Credit
 
2,515

 
2,558

Income Tax (Expense) Credit
 
879

 
896

Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
1,636

 
1,662

 
 
 
 
 
Pension and OPEB
 
 

 
 
Amortization of Prior Service Cost (Credit)
 
(1,433
)
 
(1,338
)
Amortization of Actuarial (Gains)/Losses
 
351

 
1,044

Reclassifications from AOCI, before Income Tax (Expense) Credit
 
(1,082
)
 
(294
)
Income Tax (Expense) Credit
 
(378
)
 
(103
)
Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
(704
)
 
(191
)
 
 
 

 
 
Total Reclassifications from AOCI, Net of Income Tax (Expense) Credit
 
$
932

 
$
1,471


(a)
Represents realized gains and losses subject to regulatory accounting treatment recorded as either current or noncurrent on the condensed balance sheets.