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v3.23.1

Variable Interest Entities (Tables) | 12 Months Ended
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Dec. 31, 2022
Consolidated Assets And Liabilities Of Variable Interest Entities |
American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2022
| Registrant Subsidiaries |
| SWEPCo Sabine |  | I&M DCC Fuel |  | AEP Texas Transition Funding |  | AEP Texas Restoration Funding |  | APCo Appalachian Consumer Rate Relief Funding |
| (in millions) |
ASSETS |  |  |  |  |  |  |  |  |  |
Current Assets | $ | 108.3 |  |  | $ | 90.2 |  |  | $ | 27.0 |  |  | $ | 21.1 |  |  | $ | 13.5 |  |
Net Property, Plant and Equipment | 7.2 |  |  | 179.1 |  |  | — |  |  | — |  |  | — |  |
Other Noncurrent Assets | 130.0 |  |  | 94.0 |  |  | 140.9 |  | (a) | 168.8 |  | (b) | 164.6 |  | (c)
Total Assets | $ | 245.5 |  |  | $ | 363.3 |  |  | $ | 167.9 |  |  | $ | 189.9 |  |  | $ | 178.1 |  |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Current Liabilities | $ | 25.4 |  |  | $ | 90.0 |  |  | $ | 73.2 |  |  | $ | 31.3 |  |  | $ | 29.3 |  |
Noncurrent Liabilities | 219.4 |  |  | 273.3 |  |  | 90.4 |  |  | 157.4 |  |  | 146.9 |  |
Equity | 0.7 |  |  | — |  |  | 4.3 |  |  | 1.2 |  |  | 1.9 |  |
Total Liabilities and Equity | $ | 245.5 |  |  | $ | 363.3 |  |  | $ | 167.9 |  |  | $ | 189.9 |  |  | $ | 178.1 |  |
(a)Includes an intercompany item eliminated in consolidation of $16 million. (b)Includes an intercompany item eliminated in consolidation of $7 million. (c)Includes an intercompany item eliminated in consolidation of $2 million.
American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2022
| Other Consolidated VIEs |
| AEP Credit |  | Protected Cell of EIS |  | Transource Energy |  |  |  | Apple Blossom and Black Oak |  | Santa Rita East |  | Dry Lake |
| (in millions) |  |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets | $ | 1,181.0 |  |  | $ | 194.5 |  |  | $ | 23.5 |  |  |  |  | $ | 8.3 |  |  | $ | 21.3 |  |  | $ | 4.0 |  |
Net Property, Plant and Equipment | — |  |  | — |  |  | 482.3 |  |  |  |  | 216.5 |  |  | 421.6 |  |  | 142.6 |  |
Other Noncurrent Assets | 9.0 |  |  | 0.3 |  |  | 2.7 |  |  |  |  | 13.6 |  |  | 0.1 |  |  | 0.3 |  |
Total Assets | $ | 1,190.0 |  |  | $ | 194.8 |  |  | $ | 508.5 |  |  |  |  | $ | 238.4 |  |  | $ | 443.0 |  |  | $ | 146.9 |  |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities | $ | 1,087.8 |  |  | $ | 46.4 |  |  | $ | 22.8 |  |  |  |  | $ | 4.5 |  |  | $ | 9.6 |  |  | $ | 1.0 |  |
Noncurrent Liabilities | 0.9 |  |  | 79.1 |  |  | 218.6 |  |  |  |  | 5.4 |  |  | 7.3 |  |  | 0.7 |  |
Equity | 101.3 |  |  | 69.3 |  |  | 267.1 |  |  |  |  | 228.5 |  |  | 426.1 |  |  | 145.2 |  |
Total Liabilities and Equity | $ | 1,190.0 |  |  | $ | 194.8 |  |  | $ | 508.5 |  |  |  |  | $ | 238.4 |  |  | $ | 443.0 |  |  | $ | 146.9 |  |
American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2021
| Registrant Subsidiaries |
| SWEPCo Sabine |  | I&M DCC Fuel |  | AEP Texas Transition Funding |  | AEP Texas Restoration Funding |  | APCo Appalachian Consumer Rate Relief Funding |
| (in millions) |
ASSETS |  |  |  |  |  |  |  |  |  |
Current Assets | $ | 77.2 |  |  | $ | 65.2 |  |  | $ | 24.9 |  |  | $ | 24.3 |  |  | $ | 16.0 |  |
Net Property, Plant and Equipment | 51.8 |  |  | 118.6 |  |  | — |  |  | — |  |  | — |  |
Other Noncurrent Assets | 104.1 |  |  | 57.2 |  |  | 208.3 |  | (a) | 192.6 |  | (b) | 187.8 |  | (c)
Total Assets | $ | 233.1 |  |  | $ | 241.0 |  |  | $ | 233.2 |  |  | $ | 216.9 |  |  | $ | 203.8 |  |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |
Current Liabilities | $ | 18.9 |  |  | $ | 65.1 |  |  | $ | 71.2 |  |  | $ | 36.1 |  |  | $ | 29.0 |  |
Noncurrent Liabilities | 214.3 |  |  | 175.9 |  |  | 157.8 |  |  | 179.6 |  |  | 172.9 |  |
Equity | (0.1) |  |  | — |  |  | 4.2 |  |  | 1.2 |  |  | 1.9 |  |
Total Liabilities and Equity | $ | 233.1 |  |  | $ | 241.0 |  |  | $ | 233.2 |  |  | $ | 216.9 |  |  | $ | 203.8 |  |
(a)Includes an intercompany item eliminated in consolidation of $24 million. (b)Includes an intercompany item eliminated in consolidation of $8 million. (c)Includes an intercompany item eliminated in consolidation of $2 million.
American Electric Power Company, Inc. and Subsidiary Companies
Variable Interest Entities
December 31, 2021
| Other Consolidated VIEs
| AEP Credit |  | Protected Cell of EIS |  | Transource Energy |  |  |  | Apple Blossom and Black Oak |  | Santa Rita East |  | Dry Lake
| (in millions) |  |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |
Current Assets | $ | 996.6 |  |  | $ | 217.3 |  |  | $ | 38.8 |  |  |  |  | $ | 9.9 |  |  | $ | 7.6 |  |  | $ | 4.0 |
Net Property, Plant and Equipment | — |  |  | — |  |  | 475.4 |  |  |  |  | 217.3 |  |  | 437.6 |  |  | 146.1 |
Other Noncurrent Assets | 10.4 |  |  | — |  |  | 3.0 |  |  |  |  | 11.3 |  |  | — |  |  | 0.3 |
Total Assets | $ | 1,007.0 |  |  | $ | 217.3 |  |  | $ | 517.2 |  |  |  |  | $ | 238.5 |  |  | $ | 445.2 |  |  | $ | 150.4 |
LIABILITIES AND EQUITY |  |  |  |  |  |  |  |  |  |  |  |  |
Current Liabilities | $ | 953.1 |  |  | $ | 37.5 |  |  | $ | 12.5 |  |  |  |  | $ | 6.6 |  |  | $ | 5.8 |  |  | $ | 0.9 |
Noncurrent Liabilities | 0.9 |  |  | 82.3 |  |  | 216.9 |  |  |  |  | 5.2 |  |  | 7.0 |  |  | 0.6 |
Equity | 53.0 |  |  | 97.5 |  |  | 287.8 |  |  |  |  | 226.7 |  |  | 432.4 |  |  | 148.9 |
Total Liabilities and Equity | $ | 1,007.0 |  |  | $ | 217.3 |  |  | $ | 517.2 |  |  |  |  | $ | 238.5 |  |  | $ | 445.2 |  |  | $ | 150.4 |
SWEPCo's Investment In DHLC |
| December 31,
| 2022 |  | 2021
| As Reported on the Balance Sheet |  | Maximum Exposure |  | As Reported on the Balance Sheet |  | Maximum Exposure
| (in millions)
Capital Contribution from SWEPCo | $ | 7.6 |  |  | $ | 7.6 |  |  | $ | 7.6 |  |  | $ | 7.6 |
Retained Earnings | 0.4 |  |  | 0.4 |  |  | 23.8 |  |  | 23.8 |
SWEPCo’s Share of Obligations | — |  |  | 36.8 |  |  | — |  |  | 50.3 |
Total Investment in DHLC | $ | 8.0 |  |  | $ | 44.8 |  |  | $ | 31.4 |  |  | $ | 81.7 |
AEP's Investment In OVEC |
| December 31,
| 2022 |  | 2021
| As Reported on the Balance Sheet |  | Maximum Exposure |  | As Reported on the Balance Sheet |  | Maximum Exposure
| (in millions)
Capital Contribution from AEP | $ | 4.4 |  |  | $ | 4.4 |  |  | $ | 4.4 |  |  | $ | 4.4 |
AEP’s Ratio of OVEC Debt (a) | — |  |  | 478.2 |  |  | — |  |  | 492.0 |
Total Investment in OVEC | $ | 4.4 |  |  | $ | 482.6 |  |  | $ | 4.4 |  |  | $ | 496.4 |
(a)Based on the Registrants’ power participation ratios APCo, I&M and OPCo’s share of OVEC debt was $173 million, $86 million and $219 million as of December 31, 2022 and $177 million, $89 million and $226 million as of December 31, 2021, respectively.
Purchased Power from OVEC |
|  | Years Ended December 31,
Company |  | 2022 |  | 2021 |  | 2020
|  | (in millions)
APCo |  | $ | 119.3 |  |  | $ | 104.3 |  |  | $ | 94.4 |
I&M |  | 59.7 |  |  | 52.2 |  |  | 47.2 |
OPCo |  | 151.8 |  |  | 133.0 |  |  | 120.8 |
Billings from Significant Variable Interest |
|  | Years Ended December 31,
Company |  | 2022 |  | 2021 |  | 2020
|  | (in millions)
AEP Texas |  | $ | 236.8 |  |  | $ | 206.9 |  |  | $ | 199.4 |
AEPTCo |  | 286.6 |  |  | 267.1 |  |  | 270.3 |
APCo |  | 347.5 |  |  | 313.3 |  |  | 294.9 |
I&M |  | 192.4 |  |  | 200.9 |  |  | 210.2 |
OPCo |  | 272.5 |  |  | 234.9 |  |  | 232.8 |
PSO |  | 142.3 |  |  | 123.7 |  |  | 113.2 |
SWEPCo |  | 192.5 |  |  | 168.6 |  |  | 161.8 |
Carrying Amount and Classification of Variable Interest in Accounts Payable |
|  | December 31,
|  | 2022 |  | 2021
Company |  | As Reported on the Balance Sheet |  | Maximum Exposure |  | As Reported on the Balance Sheet |  | Maximum Exposure
|  | (in millions)
AEP Texas |  | $ | 27.8 |  |  | $ | 27.8 |  |  | $ | 22.2 |  |  | $ | 22.2 |
AEPTCo |  | 31.6 |  |  | 31.6 |  |  | 23.3 |  |  | 23.3 |
APCo |  | 41.5 |  |  | 41.5 |  |  | 44.1 |  |  | 44.1 |
I&M |  | 27.7 |  |  | 27.7 |  |  | 21.8 |  |  | 21.8 |
OPCo |  | 31.1 |  |  | 31.1 |  |  | 25.5 |  |  | 25.5 |
PSO |  | 17.7 |  |  | 17.7 |  |  | 13.7 |  |  | 13.7 |
SWEPCo |  | 23.8 |  |  | 23.8 |  |  | 20.5 |  |  | 20.5 |

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- Definition AEP's investment in OVEC. + References No definition available. + Details
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Balance Type: | na
Period Type: | duration

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- Definition Billings from significant variable interest entity. + References No definition available. + Details
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- Definition The carrying amount and classification of variable interest in accounts payable. + References No definition available. + Details
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Data Type: | dtr-types:textBlockItemType
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- Definition Schedule of consolidated assets and liabilities of variable interest entities. + References No definition available. + Details
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- Definition Tabular disclosure of purchased power from OVEC. + References No definition available. + Details
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- Definition SWEPCo's investment in DHLC. + References No definition available. + Details
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Namespace Prefix: | aep_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration