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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
Current Assets    
Cash and Cash Equivalents $ 195,000 $ 163,000
Other Temporary Investments 356,000 386,000
Accounts Receivable:    
Customers 815,000 727,000
Accrued Unbilled Revenues 64,000 146,000
Pledged Accounts Receivable - AEP Credit 997,000 987,000
Miscellaneous 71,000 87,000
Allowance for Uncollectible Accounts (27,000) (21,000)
Total Accounts Receivable 1,920,000 1,926,000
Fuel 424,000 587,000
Materials and Supplies 736,000 738,000
Risk Management Assets 172,000 178,000
Regulatory Asset for Under-Recovered Fuel Costs 125,000 127,000
Margin Deposits 87,000 95,000
Prepayments and Other Current Assets 210,000 278,000
TOTAL CURRENT ASSETS 4,225,000 4,478,000
Property, Plant and Equipment    
Generation 25,619,000 25,727,000
Transmission 13,020,000 12,433,000
Distribution 17,594,000 17,157,000
Other Property, Plant and Equipment 4,718,000 5,770,000
Construction Work in Progress 3,651,000 3,218,000
Total Property, Plant and Equipment 64,602,000 64,305,000
Accumulated Depreciation and Amortization 19,589,000 20,188,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 45,013,000 44,117,000
Other Noncurrent Assets    
Regulatory Assets 5,021,000 4,264,000
Securitized Assets 1,931,000 2,072,000
Spent Nuclear Fuel and Decommissioning Trusts 2,106,000 2,096,000
Goodwill 91,000 91,000
Long-term Risk Management Assets 363,000 294,000
Deferred Charges and Other Noncurrent Assets 2,188,000 2,221,000
TOTAL OTHER NONCURRENT ASSETS 11,700,000 11,038,000
TOTAL ASSETS 60,938,000 59,633,000
Current Liabilities    
Accounts Payable 1,236,000 1,287,000
Short-term Debt:    
Securitized Debt for Receivables - AEP Credit [1] 708,000 744,000
Other Short-term Debt 397,000 602,000
Total Short-term Debt 1,105,000 1,346,000
Long-term Debt Due Within One Year 1,817,000 2,503,000
Long-term Debt Due Within One Year - Affiliated 0 0
Risk Management Liabilities 78,000 92,000
Customer Deposits 335,000 324,000
Accrued Taxes 749,000 871,000
Accrued Interest 232,000 239,000
Regulatory Liability for Over-Recovered Fuel Costs 39,000 55,000
Other Current Liabilities 1,059,000 1,250,000
TOTAL CURRENT LIABILITIES 6,650,000 7,967,000
Noncurrent Liabilities    
Long-term Debt 17,761,000 16,181,000
Long-term Risk Management Liabilities 174,000 131,000
Deferred Income Taxes 11,426,000 10,986,000
Regulatory Liabilities and Deferred Investment Tax Credits 3,850,000 3,892,000
Asset Retirement Obligations 2,038,000 1,951,000
Employee Benefits and Pension Obligations 509,000 630,000
Deferred Credits and Other Noncurrent Liabilities 1,088,000 1,071,000
TOTAL NONCURRENT LIABILITIES 36,846,000 34,842,000
TOTAL LIABILITIES $ 43,496,000 $ 42,809,000
Rate Matters    
Commitments and Contingencies    
Equity    
Common Stock $ 3,321,000 $ 3,313,000
Paid-in Capital 6,270,000 6,204,000
Retained Earnings 7,945,000 7,406,000
Accumulated Other Comprehensive Income (Loss) (102,000) (103,000)
TOTAL COMMON SHAREHOLDER'S EQUITY 17,434,000 16,820,000
Noncontrolling Interests 8,000 4,000
TOTAL EQUITY 17,442,000 16,824,000
TOTAL LIABILITIES AND EQUITY 60,938,000 59,633,000
Appalachian Power Co [Member]    
Current Assets    
Cash and Cash Equivalents 2,523 2,613
Restricted Cash for Securitized Funding 15,565 15,599
Advances to Affiliates 23,685 48,519
Accounts Receivable:    
Customers 126,488 114,711
Affiliated Companies 54,790 67,294
Accrued Unbilled Revenues 43,102 58,022
Miscellaneous 1,843 1,956
Allowance for Uncollectible Accounts (3,032) (2,364)
Total Accounts Receivable 223,191 239,619
Fuel 92,073 113,386
Materials and Supplies 129,521 131,285
Risk Management Assets 38,877 23,792
Deferred Income Tax Benefits 3,491 23,955
Regulatory Asset for Under-Recovered Fuel Costs 83,558 66,076
Prepayments and Other Current Assets 18,122 13,660
TOTAL CURRENT ASSETS 630,606 678,504
Property, Plant and Equipment    
Generation 6,215,900 6,824,029
Transmission 2,249,454 2,228,029
Distribution 3,314,816 3,258,306
Other Property, Plant and Equipment 384,861 373,520
Construction Work in Progress 459,307 321,495
Total Property, Plant and Equipment 12,624,338 13,005,379
Accumulated Depreciation and Amortization 3,396,158 3,823,664
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 9,228,180 9,181,715
Other Noncurrent Assets    
Regulatory Assets 1,038,924 857,872
Securitized Assets 339,020 350,170
Long-term Risk Management Assets 3,002 4,891
Deferred Charges and Other Noncurrent Assets 154,587 159,230
TOTAL OTHER NONCURRENT ASSETS 1,535,533 1,372,163
TOTAL ASSETS 11,394,319 11,232,382
Current Liabilities    
Advances from Affiliates 57,388 0
Accounts Payable 170,980 166,821
Affiliated Companies 67,380 80,602
Short-term Debt:    
Long-term Debt Due Within One Year 252,410 552,212
Long-term Debt Due Within One Year - Affiliated 0 86,000
Risk Management Liabilities 9,159 11,017
Customer Deposits 76,867 71,766
Accrued Taxes 99,682 109,482
Accrued Interest 41,675 52,141
Other Current Liabilities 142,079 145,017
TOTAL CURRENT LIABILITIES 917,620 1,275,058
Noncurrent Liabilities    
Long-term Debt 3,714,237 3,342,062
Long-term Risk Management Liabilities 1,448 2,057
Deferred Income Taxes 2,384,223 2,288,842
Regulatory Liabilities and Deferred Investment Tax Credits 661,932 652,867
Asset Retirement Obligations 118,310 122,300
Employee Benefits and Pension Obligations 117,780 127,980
Deferred Credits and Other Noncurrent Liabilities 30,531 54,288
TOTAL NONCURRENT LIABILITIES 7,028,461 6,590,396
TOTAL LIABILITIES $ 7,946,081 $ 7,865,454
Rate Matters    
Commitments and Contingencies    
Equity    
Common Stock $ 260,458 $ 260,458
Paid-in Capital 1,809,562 1,809,562
Retained Earnings 1,373,971 1,291,876
Accumulated Other Comprehensive Income (Loss) 4,247 5,032
TOTAL EQUITY 3,448,238 3,366,928
TOTAL LIABILITIES AND EQUITY 11,394,319 11,232,382
Indiana Michigan Power Co [Member]    
Current Assets    
Cash and Cash Equivalents 1,317 1,020
Advances to Affiliates 13,504 13,481
Accounts Receivable:    
Customers 73,208 56,978
Affiliated Companies 59,434 72,582
Accrued Unbilled Revenues 220 503
Miscellaneous 1,561 1,625
Allowance for Uncollectible Accounts (375) (494)
Total Accounts Receivable 134,048 131,194
Fuel 23,884 54,623
Materials and Supplies 189,022 201,089
Risk Management Assets 16,514 22,328
Accrued Tax Benefits 28,457 24,788
Prepayments and Other Current Assets 28,566 27,968
TOTAL CURRENT ASSETS 435,312 476,491
Property, Plant and Equipment    
Generation 3,931,860 3,741,831
Transmission 1,375,436 1,358,419
Distribution 1,735,290 1,698,409
Other Property, Plant and Equipment 746,227 1,490,820
Construction Work in Progress 437,078 537,237
Total Property, Plant and Equipment 8,225,891 8,826,716
Accumulated Depreciation and Amortization 3,049,243 3,410,341
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 5,176,648 5,416,375
Other Noncurrent Assets    
Regulatory Assets 839,110 536,152
Spent Nuclear Fuel and Decommissioning Trusts 2,106,090 2,095,732
Long-term Risk Management Assets 2,026 3,317
Deferred Charges and Other Noncurrent Assets 127,922 137,209
TOTAL OTHER NONCURRENT ASSETS 3,075,148 2,772,410
TOTAL ASSETS 8,687,108 8,665,276
Current Liabilities    
Advances from Affiliates 140,658 142,501
Accounts Payable 117,949 168,294
Affiliated Companies 75,328 76,010
Short-term Debt:    
Long-term Debt Due Within One Year 312,370 382,187
Risk Management Liabilities 4,493 5,223
Customer Deposits 35,224 35,206
Accrued Taxes 68,633 72,742
Accrued Interest 26,888 26,677
Obligations Under Capital Leases 42,186 42,050
Other Current Liabilities 112,701 150,566
TOTAL CURRENT LIABILITIES 936,430 1,101,456
Noncurrent Liabilities    
Long-term Debt 1,776,543 1,645,210
Long-term Risk Management Liabilities 982 1,395
Deferred Income Taxes 1,332,635 1,264,167
Regulatory Liabilities and Deferred Investment Tax Credits 1,134,679 1,199,694
Asset Retirement Obligations 1,365,572 1,337,179
Deferred Credits and Other Noncurrent Liabilities 122,506 162,226
TOTAL NONCURRENT LIABILITIES 5,732,917 5,609,871
TOTAL LIABILITIES $ 6,669,347 $ 6,711,327
Rate Matters    
Commitments and Contingencies    
Equity    
Common Stock $ 56,584 $ 56,584
Paid-in Capital 980,896 980,896
Retained Earnings 994,084 930,829
Accumulated Other Comprehensive Income (Loss) (13,803) (14,360)
TOTAL EQUITY 2,017,761 1,953,949
TOTAL LIABILITIES AND EQUITY 8,687,108 8,665,276
Ohio Power Co [Member]    
Current Assets    
Cash and Cash Equivalents 3,439 2,870
Restricted Cash for Securitized Funding 28,699 28,687
Advances to Affiliates 187,812 312,473
Accounts Receivable:    
Customers 45,450 57,906
Affiliated Companies 91,434 79,822
Accrued Unbilled Revenues 803 35,755
Miscellaneous 720 927
Allowance for Uncollectible Accounts (165) (171)
Total Accounts Receivable 138,242 174,239
Notes Receivable Due Within One Year - Affiliated 0 86,000
Materials and Supplies 75,595 60,909
Risk Management Assets 0 7,242
Deferred Income Tax Benefits 44,336 49,306
Accrued Tax Benefits 5,699 6,100
Prepayments and Other Current Assets 8,705 8,997
TOTAL CURRENT ASSETS 492,527 736,823
Property, Plant and Equipment    
Transmission 2,159,276 2,104,613
Distribution 4,177,897 4,087,601
Other Property, Plant and Equipment 434,887 390,848
Construction Work in Progress 222,943 218,667
Total Property, Plant and Equipment 6,995,003 6,801,729
Accumulated Depreciation and Amortization 2,070,583 2,038,120
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 4,924,420 4,763,609
Other Noncurrent Assets    
Notes Receivable - Affiliated 32,245 32,245
Regulatory Assets 1,237,933 1,318,939
Securitized Assets 97,849 109,999
Long-term Risk Management Assets 44,056 45,102
Deferred Charges and Other Noncurrent Assets 170,043 264,150
TOTAL OTHER NONCURRENT ASSETS 1,582,126 1,770,435
TOTAL ASSETS 6,999,073 7,270,867
Current Liabilities    
Accounts Payable 166,189 145,328
Affiliated Companies 85,996 172,741
Short-term Debt:    
Long-term Debt Due Within One Year 396,045 131,497
Risk Management Liabilities 2,010 1,943
Customer Deposits 60,038 53,922
Accrued Taxes 320,688 420,772
Accrued Interest 33,242 34,279
Other Current Liabilities 128,328 179,093
TOTAL CURRENT LIABILITIES 1,192,536 1,139,575
Noncurrent Liabilities    
Long-term Debt 1,793,114 2,165,626
Long-term Risk Management Liabilities 4,573 3,013
Deferred Income Taxes 1,414,723 1,405,620
Regulatory Liabilities and Deferred Investment Tax Credits 530,224 514,691
Employee Benefits and Pension Obligations 28,498 36,662
Deferred Credits and Other Noncurrent Liabilities 30,262 25,470
TOTAL NONCURRENT LIABILITIES 3,801,394 4,151,082
TOTAL LIABILITIES $ 4,993,930 $ 5,290,657
Rate Matters    
Commitments and Contingencies    
Equity    
Common Stock $ 321,201 $ 321,201
Paid-in Capital 838,782 838,782
Retained Earnings 840,244 814,625
Accumulated Other Comprehensive Income (Loss) 4,916 5,602
TOTAL EQUITY 2,005,143 1,980,210
TOTAL LIABILITIES AND EQUITY 6,999,073 7,270,867
Public Service Co Of Oklahoma [Member]    
Current Assets    
Cash and Cash Equivalents 1,273 1,352
Advances to Affiliates 64,212 0
Accounts Receivable:    
Customers 36,527 28,448
Affiliated Companies 22,410 22,114
Miscellaneous 3,549 6,026
Allowance for Uncollectible Accounts (56) (147)
Total Accounts Receivable 62,430 56,441
Fuel 14,584 16,436
Materials and Supplies 53,195 50,880
Risk Management Assets 1,731 0
Deferred Income Tax Benefits 5,182 0
Accrued Tax Benefits 27,226 24,369
Regulatory Asset for Under-Recovered Fuel Costs 0 35,699
Prepayments and Other Current Assets 4,802 6,524
TOTAL CURRENT ASSETS 234,635 191,701
Property, Plant and Equipment    
Generation 1,292,305 1,264,724
Transmission 798,209 788,911
Distribution 2,162,261 2,080,221
Other Property, Plant and Equipment 432,397 421,568
Construction Work in Progress 244,404 204,753
Total Property, Plant and Equipment 4,929,576 4,760,177
Accumulated Depreciation and Amortization 1,363,314 1,319,554
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 3,566,262 3,440,623
Other Noncurrent Assets    
Regulatory Assets 170,834 154,327
Long-term Risk Management Assets 29 0
Employee Benefits and Pension Assets 20,583 19,335
Deferred Charges and Other Noncurrent Assets 23,711 7,557
TOTAL OTHER NONCURRENT ASSETS 215,157 181,219
TOTAL ASSETS 4,016,054 3,813,543
Current Liabilities    
Advances from Affiliates 0 154,249
Accounts Payable 89,073 92,672
Affiliated Companies 55,424 51,744
Short-term Debt:    
Long-term Debt Due Within One Year 434 427
Risk Management Liabilities 129 918
Customer Deposits 50,443 48,700
Accrued Taxes 36,266 20,887
Accrued Interest 16,142 12,699
Regulatory Liability for Over-Recovered Fuel Costs 15,894 0
Other Current Liabilities 43,867 58,878
TOTAL CURRENT LIABILITIES 307,672 441,174
Noncurrent Liabilities    
Long-term Debt 1,290,561 1,040,609
Deferred Income Taxes 937,651 898,352
Regulatory Liabilities and Deferred Investment Tax Credits 335,164 334,479
Asset Retirement Obligations 41,980 37,030
Employee Benefits and Pension Obligations 15,423 20,095
Deferred Credits and Other Noncurrent Liabilities 18,985 13,589
TOTAL NONCURRENT LIABILITIES 2,639,764 2,344,154
TOTAL LIABILITIES $ 2,947,436 $ 2,785,328
Rate Matters    
Commitments and Contingencies    
Equity    
Common Stock $ 157,230 $ 157,230
Paid-in Capital 364,037 364,037
Retained Earnings 542,788 502,005
Accumulated Other Comprehensive Income (Loss) 4,563 4,943
TOTAL EQUITY 1,068,618 1,028,215
TOTAL LIABILITIES AND EQUITY 4,016,054 3,813,543
Southwestern Electric Power Co [Member]    
Current Assets    
Cash and Cash Equivalents 8,017 14,356
Advances to Affiliates 179,709 41,033
Accounts Receivable:    
Customers 72,169 46,738
Affiliated Companies 24,986 37,114
Miscellaneous 26,675 25,625
Allowance for Uncollectible Accounts (39) (516)
Total Accounts Receivable 123,791 108,961
Fuel 105,171 116,955
Materials and Supplies 73,297 73,666
Risk Management Assets 2,077 31
Deferred Income Tax Benefits 9,610 9,041
Accrued Tax Benefits 9,423 15,408
Regulatory Asset for Under-Recovered Fuel Costs 19,118 24,024
Prepayments and Other Current Assets 23,912 25,779
TOTAL CURRENT ASSETS 554,125 429,254
Property, Plant and Equipment    
Generation 3,927,856 3,864,543
Transmission 1,344,858 1,300,729
Distribution 1,928,523 1,894,572
Other Property, Plant and Equipment 891,788 878,753
Construction Work in Progress 577,984 471,980
Total Property, Plant and Equipment 8,671,009 8,410,577
Accumulated Depreciation and Amortization 2,579,758 2,503,290
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 6,091,251 5,907,287
Other Noncurrent Assets    
Regulatory Assets 417,551 393,602
Long-term Risk Management Assets 33 0
Deferred Charges and Other Noncurrent Assets 120,330 86,750
TOTAL OTHER NONCURRENT ASSETS 537,914 480,352
TOTAL ASSETS 7,183,290 6,816,893
Current Liabilities    
Accounts Payable 138,971 175,109
Affiliated Companies 82,129 67,410
Short-term Debt:    
Long-term Debt Due Within One Year 153,250 306,750
Risk Management Liabilities 2,523 1,082
Customer Deposits 60,741 59,903
Accrued Taxes 74,559 43,965
Accrued Interest 46,139 44,328
Obligations Under Capital Leases 17,358 17,557
Other Current Liabilities 62,108 104,553
TOTAL CURRENT LIABILITIES 637,778 820,657
Noncurrent Liabilities    
Long-term Debt 2,282,228 1,833,687
Deferred Income Taxes 1,397,455 1,351,111
Regulatory Liabilities and Deferred Investment Tax Credits 460,854 458,530
Asset Retirement Obligations 107,688 92,015
Employee Benefits and Pension Obligations 24,496 25,374
Obligations Under Capital Leases 83,245 91,044
Deferred Credits and Other Noncurrent Liabilities 47,634 47,274
TOTAL NONCURRENT LIABILITIES 4,403,600 3,899,035
TOTAL LIABILITIES $ 5,041,378 $ 4,719,692
Rate Matters    
Commitments and Contingencies    
Equity    
Common Stock $ 135,660 $ 135,660
Paid-in Capital 674,606 674,606
Retained Earnings 1,338,160 1,293,986
Accumulated Other Comprehensive Income (Loss) (6,811) (7,466)
TOTAL COMMON SHAREHOLDER'S EQUITY 2,141,615 2,096,786
Noncontrolling Interests 297 415
TOTAL EQUITY 2,141,912 2,097,201
TOTAL LIABILITIES AND EQUITY $ 7,183,290 $ 6,816,893
[1] Amount of securitized debt for receivables as accounted for under the ''Transfers and Servicing'' accounting guidance