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x
|
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the fiscal year ended December 31, 2016
|
o
|
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the transition period from __________ to_________
|
Commission
File Number
|
|
Registrants; States of Incorporation;
Address and Telephone Number
|
|
I.R.S. Employer
Identification Nos.
|
1-3525
|
|
AMERICAN ELECTRIC POWER COMPANY, INC. (A New York Corporation)
|
|
13-4922640
|
1-3457
|
|
APPALACHIAN POWER COMPANY (A Virginia Corporation)
|
|
54-0124790
|
1-3570
|
|
INDIANA MICHIGAN POWER COMPANY (An Indiana Corporation)
|
|
35-0410455
|
1-6543
|
|
OHIO POWER COMPANY (An Ohio Corporation)
|
|
31-4271000
|
0-343
|
|
PUBLIC SERVICE COMPANY OF OKLAHOMA (An Oklahoma Corporation)
|
|
73-0410895
|
1-3146
|
|
SOUTHWESTERN ELECTRIC POWER COMPANY (A Delaware Corporation)
1 Riverside Plaza, Columbus, Ohio 43215
Telephone (614) 716-1000
|
|
72-0323455
|
Registrant
|
|
Title of each class
|
|
Name of Each Exchange
on Which Registered
|
American Electric Power Company, Inc.
|
|
Common Stock, $6.50 par value
|
|
New York Stock Exchange
|
Appalachian Power Company
|
|
None
|
|
|
Indiana Michigan Power Company
|
|
None
|
|
|
Ohio Power Company
|
|
None
|
|
|
Public Service Company of Oklahoma
|
|
None
|
|
|
Southwestern Electric Power Company
|
|
None
|
|
|
Indicate by check mark if the registrant American Electric Power Company, Inc. is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
|
Yes
x
|
No
o
|
|
|
|
Indicate by check mark if the registrants Appalachian Power Company, Indiana Michigan Power Company, Ohio Power Company, Public Service Company of Oklahoma and Southwestern Electric Power Company, are well-known seasoned issuers, as defined in Rule 405 of the Securities Act.
|
Yes
o
|
No
x
|
|
|
|
Indicate by check mark if the registrants are not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act.
|
Yes
o
|
No
x
|
|
|
|
Indicate by check mark whether the registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days.
|
Yes
x
|
No
o
|
|
|
|
Indicate by check mark whether American Electric Power Company, Inc., Appalachian Power Company, Indiana Michigan Power Company, Ohio Power Company, Public Service Company of Oklahoma and Southwestern Electric Power Company have submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
|
Yes
x
|
No
o
|
|
|
|
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (229.405 of this chapter) is not contained herein and will not be contained, to the best of registrants’ knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
|
x
|
|
|
|
|
Indicate by check mark whether American Electric Power Company, Inc. is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definitions of ‘large accelerated filer’, ‘accelerated filer’ and ‘smaller reporting company’ in Rule 12b-2 of the Exchange Act. (Check One)
|
|
|
Large accelerated filer
|
x
|
Accelerated filer
|
o
|
Non-accelerated filer
|
o
(Do not check if a smaller reporting company)
|
Smaller reporting company
|
o
|
Indicate by check mark whether Appalachian Power Company, Indiana Michigan Power Company, Ohio Power Company, Public Service Company of Oklahoma and Southwestern Electric Power Company are large accelerated filers, accelerated filers, non-accelerated filers or smaller reporting companies. See definitions of ‘large accelerated filer’, ‘accelerated filer’ and ‘smaller reporting company’ in Rule 12b-2 of the Exchange Act. (Check One)
|
||||
Large accelerated filer
|
o
|
Accelerated filer
|
o
|
|
Non-accelerated filer
|
x
(Do not check if a smaller reporting company)
|
Smaller reporting company
|
o
|
|
Indicate by check mark if the registrants are shell companies, as defined in Rule 12b-2 of the Exchange Act.
|
Yes
o
|
No
x
|
|
|
Aggregate Market Value of Voting and Non-Voting Common Equity Held by Non-Affiliates of the Registrants as of June 30, 2016 the Last Trading Date of the Registrants' Most Recently Completed Second Fiscal Quarter
|
|
Number of Shares of Common Stock Outstanding of the Registrants as of December 31, 2016
|
|
American Electric Power Company, Inc.
|
|
$34,464,089,033
|
|
491,711,928
|
|
|
|
|
|
($6.50 par value)
|
|
Appalachian Power Company
|
|
None
|
|
13,499,500
|
|
|
|
|
|
(no par value)
|
|
Indiana Michigan Power Company
|
|
None
|
|
1,400,000
|
|
|
|
|
|
(no par value)
|
|
Ohio Power Company
|
|
None
|
|
27,952,473
|
|
|
|
|
|
(no par value)
|
|
Public Service Company of Oklahoma
|
|
None
|
|
9,013,000
|
|
|
|
|
|
($15 par value)
|
|
Southwestern Electric Power Company
|
|
None
|
|
7,536,640
|
|
|
|
|
|
($18 par value)
|
|
Description
|
|
Part of Form 10-K into which Document is Incorporated
|
|
|
|
Portions of Annual Reports of the following companies for the fiscal year ended December 31, 2016:
|
|
Part II
|
American Electric Power Company, Inc.
|
|
|
Appalachian Power Company
|
|
|
Indiana Michigan Power Company
|
|
|
Ohio Power Company
|
|
|
Public Service Company of Oklahoma
|
|
|
Southwestern Electric Power Company
|
|
|
|
|
|
Portions of Proxy Statement of American Electric Power Company, Inc. for 2017 Annual Meeting of Shareholders.
|
|
Part III
|
Item
Number
|
|
Page
Number
|
|
||
|
||
|
|
|
1
|
|
|
|
||
|
||
|
||
|
||
|
AEP Transmission Holdco
|
|
|
Generation & Marketing
|
|
|
||
1A
|
||
1B
|
||
2
|
||
|
||
|
||
|
||
|
||
|
||
|
||
3
|
||
4
|
||
|
|
|
PART II
|
||
5
|
Market for Registrants’ Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
|
|
6
|
||
7
|
Management’s Discussion and Analysis of Financial Condition and Results of Operations
|
|
7A
|
||
8
|
||
9
|
Changes In and Disagreements with Accountants on Accounting
and Financial Disclosure
|
|
9A
|
Controls and Procedures
|
|
9B
|
Other Information
|
|
|
|
|
|
PART III
|
|
10
|
Directors, Executive Officers and Corporate Governance
|
|
11
|
Executive Compensation
|
|
12
|
Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
|
|
13
|
||
14
|
||
|
|
|
15
|
||
|
||
|
||
|
||
|
||
|
Term
|
|
Meaning
|
|
|
|
AEGCo
|
|
AEP Generating Company, an AEP electric utility subsidiary.
|
AEP
|
|
American Electric Power Company, Inc., an investor-owned electric public utility holding company which includes American Electric Power Company, Inc. (Parent) and majority owned consolidated subsidiaries and consolidated affiliates.
|
AEP Energy
|
|
AEP Energy, Inc., a wholly-owned retail electric supplier for customers in Ohio, Illinois and other deregulated electricity markets throughout the United States.
|
AEP System
|
|
American Electric Power System, an electric system, owned and operated by AEP subsidiaries.
|
AEP Texas
|
|
AEP Texas Inc., an AEP electric utility subsidiary.
|
AEPSC
|
|
American Electric Power Service Corporation, an AEP service subsidiary providing management and professional services to AEP and its subsidiaries.
|
AEPTCo
|
|
AEP Transmission Company, LLC, a subsidiary of AEPTHCo, an intermediate holding company that owns seven wholly-owned transmission companies.
|
AEPTHCo
|
|
AEP Transmission Holding Company, LLC, a subsidiary of AEP, an intermediate holding company that owns transmission operations joint ventures and AEPTCo.
|
AEP Utilities
|
|
AEP Utilities, Inc., a former subsidiary of AEP and holding company for TCC, TNC and CSW Energy, Inc. Effective December 31, 2016, TCC and TNC were merged into AEP Utilities, Inc. Subsequently following this merger, the assets and liabilities of CSW Energy, Inc. were transferred to an affiliated company and AEP Utilities, Inc. was renamed AEP Texas Inc.
|
AFUDC
|
|
Allowance for Funds Used During Construction.
|
AGR
|
|
AEP Generation Resources Inc., a competitive AEP subsidiary in the Generation & Marketing segment.
|
APCo
|
|
Appalachian Power Company, an AEP electric utility subsidiary.
|
CAA
|
|
Clean Air Act.
|
Clean Power Plan
|
|
Guidelines regulating CO
2
emissions from existing sources published by Federal EPA in October 2015; its implementation was stayed by the U.S. Supreme Court in February 2016.
|
CO
2
|
|
Carbon dioxide and other greenhouse gases.
|
Cook Plant
|
|
Donald C. Cook Nuclear Plant, a two-unit, 2,191 MW nuclear plant owned by I&M.
|
CSPCo
|
|
Columbus Southern Power Company, a former AEP electric utility subsidiary that was merged into OPCo effective December 31, 2011.
|
EPACT
|
|
The Energy Policy Act of 2005.
|
ERCOT
|
|
Electric Reliability Council of Texas regional transmission organization.
|
ETT
|
|
Electric Transmission Texas, LLC, an equity interest joint venture between Parent and Berkshire Hathaway Energy Company formed to own and operate electric transmission facilities in ERCOT.
|
Federal EPA
|
|
United States Environmental Protection Agency.
|
FERC
|
|
Federal Energy Regulatory Commission.
|
I&M
|
|
Indiana Michigan Power Company, an AEP electric utility subsidiary.
|
IMTCo
|
|
AEP Indiana Michigan Transmission Company, Inc.
|
IURC
|
|
Indiana Utility Regulatory Commission.
|
KGPCo
|
|
Kingsport Power Company, an AEP electric utility subsidiary.
|
KPCo
|
|
Kentucky Power Company, an AEP electric utility subsidiary.
|
kV
|
|
Kilovolt.
|
MISO
|
|
Midwest Independent Transmission System Operator.
|
MMBtu
|
|
Million British Thermal Units.
|
MW
|
|
Megawatt.
|
MWh
|
|
Megawatthour.
|
NO
x
|
|
Nitrogen oxide.
|
Term
|
|
Meaning
|
|
|
|
Nonutility Money Pool
|
|
Centralized funding mechanism AEP uses to meet the short-term cash requirements of certain nonutility subsidiaries.
|
NRC
|
|
Nuclear Regulatory Commission.
|
OATT
|
|
Open Access Transmission Tariff.
|
OCC
|
|
Corporation Commission of the State of Oklahoma.
|
OHTCo
|
|
AEP Ohio Transmission Company, Inc.
|
OKTCo
|
|
AEP Oklahoma Transmission Company, Inc.
|
OPCo
|
|
Ohio Power Company, an AEP electric utility subsidiary.
|
OVEC
|
|
Ohio Valley Electric Corporation, which is 43.47% owned by AEP.
|
Parent
|
|
American Electric Power Company, Inc., the equity owner of AEP subsidiaries within the AEP consolidation.
|
PJM
|
|
Pennsylvania – New Jersey – Maryland regional transmission organization.
|
PSO
|
|
Public Service Company of Oklahoma, an AEP electric utility subsidiary.
|
PUCO
|
|
Public Utilities Commission of Ohio.
|
PUCT
|
|
Public Utility Commission of Texas.
|
Registrant Subsidiaries
|
|
AEP subsidiaries which are SEC registrants: APCo, I&M, OPCo, PSO and SWEPCo.
|
Registrants
|
|
SEC registrants: AEP, APCo, I&M, OPCo, PSO and SWEPCo.
|
REP
|
|
Texas Retail Electric Provider.
|
Rockport Plant
|
|
A generation plant, consisting of two 1,310 MW coal-fired generating units near Rockport, Indiana. AEGCo and I&M jointly-own Unit 1. In 1989, AEGCo and I&M entered into a sale-and-leaseback transaction with Wilmington Trust Company, an unrelated, unconsolidated trustee for Rockport Plant, Unit 2.
|
RTO
|
|
Regional Transmission Organization, responsible for moving electricity over large interstate areas.
|
Sabine
|
|
Sabine Mining Company, a lignite mining company that is a consolidated variable interest entity for AEP and SWEPCo.
|
SEC
|
|
U.S. Securities and Exchange Commission.
|
SO
2
|
|
Sulfur dioxide.
|
SPP
|
|
Southwest Power Pool regional transmission organization.
|
State Transcos
|
|
AEPTCo’s seven wholly-owned, FERC-regulated, transmission-only electric utilities, each of which is geographically aligned with AEP existing utility operating companies.
|
SWEPCo
|
|
Southwestern Electric Power Company, an AEP electric utility subsidiary.
|
TA
|
|
Transmission Agreement, effective November 2010, among APCo, I&M, KGPCo, KPCo, OPCo and WPCo with AEPSC as agent.
|
TCA
|
|
Transmission Coordination Agreement dated January 1, 1997, by and among, PSO, SWEPCo and AEPSC, in connection with the operation of the transmission assets of the two public utility subsidiaries.
|
TCC
|
|
Formerly AEP Texas Central Company; now a division of AEP Texas.
|
TNC
|
|
Formerly AEP Texas North Company; now a division of AEP Texas.
|
Utility Money Pool
|
|
Centralized funding mechanism AEP uses to meet the short-term cash requirements of certain utility subsidiaries.
|
Virginia SCC
|
|
Virginia State Corporation Commission.
|
WPCo
|
|
Wheeling Power Company, an AEP electric utility subsidiary.
|
WVPSC
|
|
Public Service Commission of West Virginia.
|
WVTCo
|
|
AEP West Virginia Transmission Company, Inc.
|
Ÿ
|
Economic growth or contraction within and changes in market demand and demographic patterns in AEP service territories.
|
Ÿ
|
Inflationary or deflationary interest rate trends.
|
Ÿ
|
Volatility in the financial markets, particularly developments affecting the availability or cost of capital to finance new capital projects and refinance existing debt.
|
Ÿ
|
The availability and cost of funds to finance working capital and capital needs, particularly during periods when the time lag between incurring costs and recovery is long and the costs are material.
|
Ÿ
|
Electric load and customer growth.
|
Ÿ
|
Weather conditions, including storms and drought conditions, and the ability to recover significant storm restoration costs.
|
Ÿ
|
The cost of fuel and its transportation, the creditworthiness and performance of fuel suppliers and transporters and the cost of storing and disposing of used fuel, including coal ash and spent nuclear fuel.
|
Ÿ
|
Availability of necessary generation capacity and the performance of generation plants.
|
Ÿ
|
The ability to recover fuel and other energy costs through regulated or competitive electric rates.
|
Ÿ
|
The ability to build transmission lines and facilities (including the ability to obtain any necessary regulatory approvals and permits) when needed at acceptable prices and terms and to recover those costs.
|
Ÿ
|
New legislation, litigation and government regulation, including oversight of nuclear generation, energy commodity trading and new or heightened requirements for reduced emissions of sulfur, nitrogen, mercury, carbon, soot or particulate matter and other substances that could impact the continued operation, cost recovery and/or profitability of generation plants and related assets.
|
Ÿ
|
Evolving public perception of the risks associated with fuels used before, during and after the generation of electricity, including nuclear fuel.
|
Ÿ
|
A reduction in the federal statutory tax rate could result in an accelerated return of deferred federal income taxes to customers.
|
Ÿ
|
Timing and resolution of pending and future rate cases, negotiations and other regulatory decisions, including rate or other recovery of new investments in generation, distribution and transmission service and environmental compliance.
|
Ÿ
|
Resolution of litigation.
|
Ÿ
|
The ability to constrain operation and maintenance costs.
|
Ÿ
|
The ability to develop and execute a strategy based on a view regarding prices of electricity and gas.
|
Ÿ
|
Prices and demand for power generated and sold at wholesale.
|
Ÿ
|
Changes in technology, particularly with respect to energy storage and new, developing, alternative or distributed sources of generation.
|
Ÿ
|
The ability to recover through rates any remaining unrecovered investment in generation units that may be retired before the end of their previously projected useful lives.
|
Ÿ
|
Volatility and changes in markets for capacity and electricity, coal and other energy-related commodities, particularly changes in the price of natural gas.
|
Ÿ
|
Changes in utility regulation and the allocation of costs within regional transmission organizations, including ERCOT, PJM and SPP.
|
Ÿ
|
The ability to successfully and profitably manage competitive generation assets, including the evaluation and execution of strategic alternatives for these assets as some of the alternatives could result in a loss.
|
Ÿ
|
Changes in the creditworthiness of the counterparties with contractual arrangements, including participants in the energy trading market.
|
Ÿ
|
Actions of rating agencies, including changes in the ratings of debt.
|
Ÿ
|
The impact of volatility in the capital markets on the value of the investments held by the pension, other postretirement benefit plans, captive insurance entity and nuclear decommissioning trust and the impact of such volatility on future funding requirements.
|
Ÿ
|
Accounting pronouncements periodically issued by accounting standard-setting bodies.
|
Ÿ
|
Other risks and unforeseen events, including wars, the effects of terrorism (including increased security costs), embargoes, cyber security threats and other catastrophic events.
|
Jurisdiction
|
|
Percentage of AEP System Retail Revenues (a)
|
|
AEP Utility Subsidiaries Operating in that Jurisdiction
|
|
Authorized Return on Equity (b)
|
Ohio
|
|
23%
|
|
OPCo
|
|
10.20%
|
|
|
|
|
|
|
|
Texas
|
|
15%
|
|
AEP Texas
|
|
9.96%
|
|
|
|
|
SWEPCo
|
|
9.65%
|
|
|
|
|
|
|
|
West Virginia
|
|
13%
|
|
APCo
|
|
9.75%
|
|
|
|
|
WPCo
|
|
9.75%
|
|
|
|
|
|
|
|
Virginia
|
|
12%
|
|
APCo
|
|
9.70%
|
|
|
|
|
|
|
|
Oklahoma
|
|
11%
|
|
PSO
|
|
9.50%
|
|
|
|
|
|
|
|
Indiana
|
|
11%
|
|
I&M
|
|
10.20%
|
|
|
|
|
|
|
|
Louisiana
|
|
5%
|
|
SWEPCo
|
|
10.00%
|
|
|
|
|
|
|
|
Kentucky
|
|
5%
|
|
KPCo
|
|
10.25%
|
|
|
|
|
|
|
|
Arkansas
|
|
2%
|
|
SWEPCo
|
|
10.25%
|
|
|
|
|
|
|
|
Michigan
|
|
2%
|
|
I&M
|
|
10.20%
|
|
|
|
|
|
|
|
Tennessee
|
|
1%
|
|
KGPCo
|
|
9.85%
|
(a)
|
Represents the percentage of public utility subsidiaries revenue from sales to retail customers to total public utility subsidiaries revenue for the year ended December 31,
2016
.
|
(b)
|
Identifies the predominant authorized return on equity and may not include other, less significant, permitted recovery. Actual return on equity varies from authorized return on equity.
|
|
|
Years Ended December 31,
|
||||||||||
Description
|
|
2016
|
|
2015
|
|
2014
|
||||||
|
|
(in millions)
|
||||||||||
Vertically Integrated Utilities Segment
|
|
|
|
|
|
|
||||||
Retail Revenues
|
|
|
|
|
|
|
|
|
||||
Residential Sales
|
|
$
|
3,423.1
|
|
|
$
|
3,295.4
|
|
|
$
|
3,328.5
|
|
Commercial Sales
|
|
2,102.2
|
|
|
2,057.7
|
|
|
2,032.7
|
|
|||
Industrial Sales
|
|
2,050.6
|
|
|
2,096.9
|
|
|
2,124.5
|
|
|||
PJM Net Charges
|
|
(0.4
|
)
|
|
(0.7
|
)
|
|
(61.8
|
)
|
|||
Provision for Rate Refund
|
|
(10.0
|
)
|
|
61.5
|
|
|
(1.7
|
)
|
|||
Other Retail Sales
|
|
172.9
|
|
|
177.4
|
|
|
181.9
|
|
|||
Total Retail Revenues
|
|
7,738.4
|
|
|
7,688.2
|
|
|
7,604.1
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
|
|
|
|||
Off-System Sales
|
|
921.5
|
|
|
1,051.2
|
|
|
1,529.9
|
|
|||
Transmission
|
|
198.2
|
|
|
192.2
|
|
|
113.4
|
|
|||
Total Wholesale Revenues
|
|
1,119.7
|
|
|
1,243.4
|
|
|
1,643.3
|
|
|||
Other Electric Revenues
|
|
114.5
|
|
|
110.4
|
|
|
124.7
|
|
|||
Other Operating Revenues
|
|
39.9
|
|
|
27.9
|
|
|
24.7
|
|
|||
Sales to Affiliates
|
|
79.4
|
|
|
102.3
|
|
|
87.6
|
|
|||
Total Revenues Vertically Integrated Utilities Segment
|
|
$
|
9,091.9
|
|
|
$
|
9,172.2
|
|
|
$
|
9,484.4
|
|
|
|
|
|
|
|
|
||||||
Transmission and Distribution Utilities Segment
|
|
|
|
|
|
|
|
|
|
|||
Retail Revenues
|
|
|
|
|
|
|
|
|
|
|||
Residential Sales
|
|
$
|
2,217.9
|
|
|
$
|
2,213.1
|
|
|
$
|
2,313.1
|
|
Commercial Sales
|
|
1,210.0
|
|
|
1,170.0
|
|
|
1,178.4
|
|
|||
Industrial Sales
|
|
498.2
|
|
|
512.5
|
|
|
502.7
|
|
|||
PJM Net Charges
|
|
—
|
|
|
—
|
|
|
47.5
|
|
|||
Provision for Rate Refund
|
|
(159.3
|
)
|
|
—
|
|
|
(11.9
|
)
|
|||
Other Retail Sales
|
|
38.9
|
|
|
37.7
|
|
|
39.6
|
|
|||
Total Retail Revenues
|
|
3,805.7
|
|
|
3,933.3
|
|
|
4,069.4
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
||||||
Off-System Sales
|
|
131.0
|
|
|
106.1
|
|
|
143.0
|
|
|||
Transmission
|
|
327.0
|
|
|
286.0
|
|
|
277.7
|
|
|||
Total Wholesale Revenues
|
|
458.0
|
|
|
392.1
|
|
|
420.7
|
|
|||
Other Electric Revenues
|
|
55.6
|
|
|
52.7
|
|
|
51.5
|
|
|||
Other Operating Revenues
|
|
8.9
|
|
|
13.9
|
|
|
11.0
|
|
|||
Sales to Affiliates
|
|
94.2
|
|
|
164.6
|
|
|
261.0
|
|
|||
Total Revenues Transmission and Distribution Utilities Segment
|
|
$
|
4,422.4
|
|
|
$
|
4,556.6
|
|
|
$
|
4,813.6
|
|
|
|
|
|
|
|
|
||||||
AEP Transmission Holdco Segment
|
|
|
|
|
|
|
||||||
Transmission Revenues
|
|
$
|
150.6
|
|
|
$
|
100.3
|
|
|
$
|
73.9
|
|
Other Operating Revenues
|
|
0.1
|
|
|
0.3
|
|
|
—
|
|
|||
Sales to Affiliates
|
|
366.9
|
|
|
228.6
|
|
|
118.0
|
|
|||
Provision for Rate Refund
|
|
(4.8
|
)
|
|
—
|
|
|
—
|
|
|||
Total Revenues AEP Transmission Holdco Segment
|
|
$
|
512.8
|
|
|
$
|
329.2
|
|
|
$
|
191.9
|
|
|
|
|
|
|
|
|
||||||
Generation & Marketing Segment
|
|
|
|
|
|
|
|
|
|
|||
Generation Revenues
|
|
|
|
|
|
|
|
|
|
|||
Affiliated
|
|
$
|
0.1
|
|
|
$
|
484.9
|
|
|
$
|
1,306.5
|
|
Nonaffiliated
|
|
1,534.0
|
|
|
1,544.5
|
|
|
1,396.9
|
|
|||
Trading, Marketing and Retail Revenues
|
|
|
|
|
|
|
|
|
|
|||
Affiliated
|
|
127.2
|
|
|
61.1
|
|
|
158.8
|
|
|||
Nonaffiliated
|
|
1,306.7
|
|
|
1,299.8
|
|
|
961.9
|
|
|||
Wind Generation Revenues
|
|
|
|
|
|
|
|
|||||
Nonaffiliated
|
|
18.0
|
|
|
22.4
|
|
|
25.5
|
|
|||
Total Revenues Generation & Marketing Segment
|
|
$
|
2,986.0
|
|
|
$
|
3,412.7
|
|
|
$
|
3,849.6
|
|
|
|
Years Ended December 31,
|
||||||||||
Description
|
|
2016
|
|
2015
|
|
2014
|
||||||
|
|
(in millions)
|
||||||||||
Retail Revenues
|
|
|
|
|
|
|
|
|
||||
Residential Sales
|
|
$
|
1,314.8
|
|
|
$
|
1,228.3
|
|
|
$
|
1,257.3
|
|
Commercial Sales
|
|
603.0
|
|
|
584.6
|
|
|
585.9
|
|
|||
Industrial Sales
|
|
628.9
|
|
|
657.1
|
|
|
690.4
|
|
|||
PJM Net Charges
|
|
(0.6
|
)
|
|
(0.2
|
)
|
|
13.5
|
|
|||
Provision for Rate Refund
|
|
(3.4
|
)
|
|
25.2
|
|
|
(6.1
|
)
|
|||
Other Retail Sales
|
|
80.5
|
|
|
79.4
|
|
|
82.5
|
|
|||
Total Retail Revenues
|
|
2,623.2
|
|
|
2,574.4
|
|
|
2,623.5
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
|
|
|
|||
Off-System Sales
|
|
137.8
|
|
|
136.0
|
|
|
191.2
|
|
|||
Transmission
|
|
45.9
|
|
|
53.5
|
|
|
26.9
|
|
|||
Total Wholesale Revenues
|
|
183.7
|
|
|
189.5
|
|
|
218.1
|
|
|||
Other Electric Revenues
|
|
40.5
|
|
|
41.7
|
|
|
57.8
|
|
|||
Total Electric Generation, Transmission and Distribution Revenues
|
|
2,847.4
|
|
|
2,805.6
|
|
|
2,899.4
|
|
|||
Sales to Affiliates
|
|
142.1
|
|
|
147.8
|
|
|
144.5
|
|
|||
Other Revenues
|
|
11.7
|
|
|
10.1
|
|
|
9.2
|
|
|||
Total Revenues
|
|
$
|
3,001.2
|
|
|
$
|
2,963.5
|
|
|
$
|
3,053.1
|
|
|
|
Years Ended December 31,
|
||||||||||
Description
|
|
2016
|
|
2015
|
|
2014
|
||||||
|
|
(in millions)
|
||||||||||
Retail Revenues
|
|
|
|
|
|
|
|
|
||||
Residential Sales
|
|
$
|
620.4
|
|
|
$
|
591.0
|
|
|
$
|
588.4
|
|
Commercial Sales
|
|
440.1
|
|
|
416.7
|
|
|
390.4
|
|
|||
Industrial Sales
|
|
510.0
|
|
|
482.4
|
|
|
463.0
|
|
|||
PJM Net Charges
|
|
0.1
|
|
|
0.2
|
|
|
(60.9
|
)
|
|||
Provision for Rate Refund
|
|
(1.1
|
)
|
|
—
|
|
|
(0.6
|
)
|
|||
Other Retail Sales
|
|
7.1
|
|
|
7.0
|
|
|
6.9
|
|
|||
Total Retail Revenues
|
|
1,576.6
|
|
|
1,497.3
|
|
|
1,387.2
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
|
|
|
|||
Off-System Sales
|
|
446.6
|
|
|
534.7
|
|
|
759.5
|
|
|||
Transmission
|
|
23.9
|
|
|
25.2
|
|
|
(9.4
|
)
|
|||
Total Wholesale Revenues
|
|
470.5
|
|
|
559.9
|
|
|
750.1
|
|
|||
Other Electric Revenues
|
|
15.2
|
|
|
16.1
|
|
|
11.8
|
|
|||
Total Electric Generation, Transmission and Distribution Revenues
|
|
2,062.3
|
|
|
2,073.3
|
|
|
2,149.1
|
|
|||
Sales to Affiliates
|
|
88.3
|
|
|
106.2
|
|
|
98.6
|
|
|||
Other Revenues
|
|
17.0
|
|
|
6.7
|
|
|
2.0
|
|
|||
Total Revenues
|
|
$
|
2,167.6
|
|
|
$
|
2,186.2
|
|
|
$
|
2,249.7
|
|
|
|
Years Ended December 31,
|
||||||||||
Description
|
|
2016
|
|
2015
|
|
2014
|
||||||
|
|
(in millions)
|
||||||||||
Retail Revenues
|
|
|
|
|
|
|
|
|
||||
Residential Sales
|
|
$
|
1,665.0
|
|
|
$
|
1,660.0
|
|
|
$
|
1,768.1
|
|
Commercial Sales
|
|
785.0
|
|
|
725.2
|
|
|
732.2
|
|
|||
Industrial Sales
|
|
395.0
|
|
|
405.9
|
|
|
405.8
|
|
|||
PJM Net Charges
|
|
—
|
|
|
—
|
|
|
47.5
|
|
|||
Provision for Rate Refund
|
|
(159.3
|
)
|
|
—
|
|
|
(11.9
|
)
|
|||
Other Retail Sales
|
|
14.0
|
|
|
13.3
|
|
|
14.9
|
|
|||
Total Retail Revenues
|
|
2,699.7
|
|
|
2,804.4
|
|
|
2,956.6
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
|
|
|
|||
Off-System Sales
|
|
131.0
|
|
|
156.1
|
|
|
143.0
|
|
|||
Transmission
|
|
68.9
|
|
|
63.2
|
|
|
78.5
|
|
|||
Total Wholesale Revenues
|
|
199.9
|
|
|
219.3
|
|
|
221.5
|
|
|||
Other Electric Revenues
|
|
30.5
|
|
|
32.4
|
|
|
26.8
|
|
|||
Total Electricity, Transmission and Distribution Revenues
|
|
2,930.1
|
|
|
3,056.1
|
|
|
3,204.9
|
|
|||
Sales to Affiliates
|
|
17.3
|
|
|
84.1
|
|
|
165.2
|
|
|||
Other Revenues
|
|
6.5
|
|
|
8.5
|
|
|
6.8
|
|
|||
Total Revenues
|
|
$
|
2,953.9
|
|
|
$
|
3,148.7
|
|
|
$
|
3,376.9
|
|
|
|
Years Ended December 31,
|
||||||||||
Description
|
|
2016
|
|
2015
|
|
2014
|
||||||
|
|
(in millions)
|
||||||||||
Retail Revenues
|
|
|
|
|
|
|
|
|
||||
Residential Sales
|
|
$
|
538.0
|
|
|
$
|
554.5
|
|
|
$
|
561.2
|
|
Commercial Sales
|
|
348.6
|
|
|
372.4
|
|
|
375.5
|
|
|||
Industrial Sales
|
|
220.6
|
|
|
263.1
|
|
|
260.4
|
|
|||
Provision for Rate Refund
|
|
(0.1
|
)
|
|
—
|
|
|
—
|
|
|||
Other Retail Sales
|
|
70.8
|
|
|
76.7
|
|
|
78.7
|
|
|||
Total Retail Revenues
|
|
1,177.9
|
|
|
1,266.7
|
|
|
1,275.8
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
|
|
|
|||
Off-System Sales
|
|
13.1
|
|
|
11.5
|
|
|
13.8
|
|
|||
Transmission
|
|
38.3
|
|
|
38.6
|
|
|
36.5
|
|
|||
Total Wholesale Revenues
|
|
51.4
|
|
|
50.1
|
|
|
50.3
|
|
|||
Other Electric Revenues
|
|
14.9
|
|
|
14.6
|
|
|
14.2
|
|
|||
Total Electric Generation, Transmission and Distribution Revenues
|
|
1,244.2
|
|
|
1,331.4
|
|
|
1,340.3
|
|
|||
Sales to Affiliates
|
|
3.1
|
|
|
4.6
|
|
|
7.1
|
|
|||
Other Revenues
|
|
4.4
|
|
|
3.2
|
|
|
4.2
|
|
|||
Total Revenues
|
|
$
|
1,251.7
|
|
|
$
|
1,339.2
|
|
|
$
|
1,351.6
|
|
|
|
Years Ended December 31,
|
||||||||||
Description
|
|
2016
|
|
2015
|
|
2014
|
||||||
|
|
(in millions)
|
||||||||||
Retail Revenues
|
|
|
|
|
|
|
|
|
||||
Residential Sales
|
|
$
|
587.7
|
|
|
$
|
593.5
|
|
|
$
|
580.4
|
|
Commercial Sales
|
|
479.0
|
|
|
471.5
|
|
|
457.2
|
|
|||
Industrial Sales
|
|
307.1
|
|
|
318.8
|
|
|
348.9
|
|
|||
Provision for Rate Refund
|
|
(4.4
|
)
|
|
36.3
|
|
|
5.0
|
|
|||
Other Retail Sales
|
|
8.1
|
|
|
8.2
|
|
|
8.3
|
|
|||
Total Retail Revenues
|
|
1,377.5
|
|
|
1,428.3
|
|
|
1,399.8
|
|
|||
Wholesale Revenues
|
|
|
|
|
|
|
|
|
|
|||
Off-System Sales
|
|
243.9
|
|
|
252.7
|
|
|
339.3
|
|
|||
Transmission
|
|
78.4
|
|
|
60.2
|
|
|
55.1
|
|
|||
Total Wholesale Revenues
|
|
322.3
|
|
|
312.9
|
|
|
394.4
|
|
|||
Other Electric Revenues
|
|
20.0
|
|
|
21.1
|
|
|
23.7
|
|
|||
Total Electric Generation, Transmission and Distribution Revenues
|
|
1,719.8
|
|
|
1,762.3
|
|
|
1,817.9
|
|
|||
Sales to Affiliates
|
|
24.5
|
|
|
16.6
|
|
|
26.3
|
|
|||
Other Revenues
|
|
2.0
|
|
|
2.0
|
|
|
2.2
|
|
|||
Total Revenues
|
|
$
|
1,746.3
|
|
|
$
|
1,780.9
|
|
|
$
|
1,846.4
|
|
Historical and Projected Environmental Investments
|
|||||||||||||||||
|
|
|
|
|
|
|
|
|
|
||||||||
|
|
2014
|
|
2015
|
|
2016
|
|
2017
|
|
||||||||
|
|
Actual
|
|
Actual
|
|
Actual
|
|
Estimate (c)
|
|
||||||||
|
|
(in millions)
|
|||||||||||||||
AEP (a)
|
|
$
|
539.8
|
|
|
$
|
599.4
|
|
|
$
|
383.7
|
|
|
$
|
226.7
|
|
|
APCo (b)
|
|
31.3
|
|
|
78.4
|
|
|
50.0
|
|
|
44.2
|
|
|
||||
I&M
|
|
51.4
|
|
|
45.6
|
|
|
65.0
|
|
|
57.9
|
|
|
||||
PSO
|
|
72.1
|
|
|
92.3
|
|
|
34.8
|
|
|
0.3
|
|
|
||||
SWEPCo
|
|
225.3
|
|
|
243.8
|
|
|
82.1
|
|
|
22.9
|
|
|
(a)
|
Includes expenditures of the subsidiaries shown and other subsidiaries not shown. The figures reflect construction expenditures, not investments in subsidiary companies. Excludes discontinued operations and OPCo, which transferred all of its generation assets on December 31, 2013.
|
(b)
|
For APCo, the historical environmental investments above include the conversions of 470 MWs of coal generation to natural gas. The conversion was completed in 2016 as Clinch River Plant, Unit 1 and Unit 2 began operations as natural gas units in February 2016 and April 2016, respectively.
|
(c)
|
Estimated amounts are exclusive of debt AFUDC.
|
Projected (2018 - 2025)
Environmental Investment
|
||||||||
Company
|
|
Low
|
|
High
|
||||
|
|
(in millions)
|
||||||
AEP
|
|
$
|
2,100
|
|
|
$
|
2,700
|
|
APCo
|
|
240
|
|
|
330
|
|
||
I&M
|
|
800
|
|
|
960
|
|
||
PSO
|
|
15
|
|
|
45
|
|
||
SWEPCo
|
|
140
|
|
|
280
|
|
•
|
Generation, transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by AEGCo, APCo, I&M, KGPCo, KPCo, PSO, SWEPCo and WPCo.
|
•
|
Transmission and distribution of electricity for sale to retail and wholesale customers through assets owned and operated by OPCo and AEP Texas.
|
•
|
OPCo purchases energy and capacity to serve SSO customers and provides transmission and distribution services for all connected load.
|
•
|
With the merger of TCC and TNC into AEP Utilities, Inc. to form AEP Texas, the Transmission and Distribution segment now includes activities related to the former AEP Utilities, Inc. that had been included in Corporate and Other.
|
•
|
Development, construction and operation of transmission facilities through investments in the State Transcos and Transmission Joint Ventures. These investments have PUCT-approved or FERC-approved returns on equity.
|
•
|
Competitive generation in ERCOT and PJM.
|
•
|
Marketing, risk management and retail activities in ERCOT, PJM, SPP and MISO.
|
•
|
Contracted renewable energy investments and management services.
|
|
2016
|
|
2015
|
|
2014
|
Coal and Lignite
|
61%
|
|
66%
|
|
69%
|
Nuclear
|
16%
|
|
16%
|
|
15%
|
Natural Gas
|
13%
|
|
11%
|
|
10%
|
Renewables
|
10%
|
|
7%
|
|
6%
|
|
2016
|
|
2015
|
|
2014
|
||||||
Total coal delivered to the plants (millions of tons)
|
30.0
|
|
|
37.3
|
|
|
41.0
|
|
|||
Average cost per ton of coal delivered
|
$
|
45.92
|
|
|
$
|
45.36
|
|
|
$
|
46.65
|
|
|
2016
|
|
2015
|
|
2014
|
||||||
Total natural gas delivered to the plants (billion cubic feet)
|
103.9
|
|
|
89.7
|
|
|
96.1
|
|
|||
Average price per MMBtu of purchased natural gas
|
$
|
2.77
|
|
|
$
|
2.80
|
|
|
$
|
4.70
|
|
•
|
Escalation of various cost elements (including, but not limited to, general inflation and the cost of energy).
|
•
|
Further development of regulatory requirements governing decommissioning.
|
•
|
Technology available at the time of decommissioning differing significantly from that assumed in studies.
|
•
|
Availability of nuclear waste disposal facilities.
|
•
|
Availability of a United States Department of Energy facility for permanent storage of spent nuclear fuel.
|
•
|
AEP Appalachian Transmission Company, Inc. (APTCo)
|
•
|
AEP Indiana Michigan Transmission Company, Inc. (IMTCo)
|
•
|
AEP Kentucky Transmission Company, Inc. (KTCo)
|
•
|
AEP Ohio Transmission Company, Inc. (OHTCo)
|
•
|
AEP West Virginia Transmission Company, Inc. (WVTCo)
|
•
|
AEP Oklahoma Transmission Company, Inc. (OKTCo)
|
•
|
AEP Southwestern Transmission Company, Inc. (SWTCo)
|
Joint Venture Name
|
|
Location
|
|
Projected or Actual Completion Date
|
|
Owners
(Ownership %)
|
|
Total Estimated Project Costs at Completion
|
|
|
AEP's Investment as of December 31, 2016 (j)
|
|
Approved Return on Equity
|
||||||
|
|
|
|
|
|
|
|
(in millions)
|
|
|
|
||||||||
ETT
|
|
Texas
|
|
(a)
|
|
Berkshire Hathaway
|
|
$
|
3,550.0
|
|
(a)
|
|
$
|
657.7
|
|
|
9.96
|
%
|
|
|
|
(ERCOT)
|
|
|
|
Energy (50%)
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
AEP (50%)
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Prairie Wind
|
|
Kansas
|
|
2014
|
|
Westar Energy (50%)
|
|
158.0
|
|
|
|
19.8
|
|
|
12.8
|
%
|
|
||
|
|
|
|
|
|
Berkshire Hathaway Energy
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
(25%)
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
AEP (25%) (b)
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Pioneer
|
|
Indiana
|
|
2018
|
(c)
|
Duke Energy (50%)
|
|
1,100.0
|
|
(c)
|
|
46.3
|
|
|
12.54
|
%
|
|
||
|
|
|
|
|
|
AEP (50%)
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
RITELine IN
|
|
Indiana
|
|
2026
|
|
Exelon (12.5%)
|
|
400.0
|
|
|
|
—
|
|
(e)
|
11.43
|
%
|
|
||
|
|
|
|
|
AEP (87.5%) (d)
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
RITELine IL
|
|
Illinois
|
|
2026
|
|
Commonwealth
|
|
1,200.0
|
|
|
|
—
|
|
(e)
|
11.43
|
%
|
|
||
|
|
|
|
|
Edison (75%)
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
|
|
|
Exelon (12.5%)
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
AEP (12.5%) (d)
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Transource
|
|
Missouri
|
|
2016
|
|
Great Plains Energy
|
|
310.5
|
|
|
|
144.8
|
|
|
11.1
|
%
|
(g)
|
||
Missouri
|
|
|
|
|
|
(13.5%)
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
AEP (86.5%) (f)
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Transource
|
|
West
|
|
2019
|
|
Great Plains Energy
|
|
72.0
|
|
|
|
—
|
|
|
10.5
|
%
|
|
||
West Virginia
|
|
Virginia
|
|
|
|
(13.5%) (f)
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
AEP (86.5%) (f)
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Transource
|
|
Maryland
|
|
2020
|
|
Great Plains Energy
|
|
18.3
|
|
(h)
|
|
—
|
|
|
—
|
|
(i)
|
||
Maryland
|
|
|
|
|
|
(13.5%) (f)
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
AEP (86.5%) (f)
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Transource
|
|
Pennsylvania
|
|
2020
|
|
Great Plains Energy
|
|
199.6
|
|
(h)
|
|
—
|
|
|
—
|
|
(i)
|
||
Pennsylvania
|
|
|
|
|
|
(13.5%) (f)
|
|
|
|
|
|
|
|
|
|||||
|
|
|
|
|
|
AEP (86.5%) (f)
|
|
|
|
|
|
|
|
|
(a)
|
ETT is undertaking multiple projects and the completion dates will vary for those projects. ETT’s investment in completed, current and future projects in ERCOT over the next ten years is expected to be $3.5 billion. Future projects will be evaluated on a case-by-case basis. ETT’s approved return on equity of 9.6% will go into effect in March 2017.
|
(b)
|
AEP owns 25% of Prairie Wind Transmission, LLC (Prairie Wind) through its ownership interest in Electric Transmission America, LLC. which is a 50/50 joint venture with Berkshire Hathaway Energy (formerly known as MidAmerican Energy) and AEP.
|
(c)
|
The Pioneer project consists of approximately 286 miles of new 765 kV transmission lines, which is estimated to cost $1.1 billion at completion. Pioneer is developing the first 66-mile segment jointly with Northern Indiana Public Service Company at a total estimated cost of $386 million. The projected completion date for the first 66-mile segment is 2018. The projected completion dates for the remaining segments have not been determined.
|
(d)
|
AEP owns 87.5% of RITELine Indiana, LLC (RITELine IN) through its ownership interest in RITELine Transmission Development, LLC (RTD) and AEP Transmission Holding Company, LLC (AEPTHCo). AEP owns 12.5% of RITELine Illinois, LLC (RITELine IL) through its ownership interest in RTD. RTD is a 50/50 joint venture with Exelon Transmission Company, LLC and AEPTHCo.
|
(e)
|
RITELine IN is a consolidated variable interest entity. RTD received an order from the FERC in October 2011 granting incentives for the RITELine IN and RITELine IL projects. The projects and other segments that are electrically equivalent in nature will continue to be submitted for consideration in the interregional planning process between PJM and MISO as dictated by emerging system needs.
|
(f)
|
AEP owns 86.5% of Transource Missouri, Transource West Virginia, Transource Maryland and Transource Pennsylvania through its ownership interest in Transource Energy, LLC (Transource). Transource is a joint venture with AEPTHCo and Great Plains Energy formed to pursue competitive transmission projects. AEPTHCo and Great Plains Energy own 86.5% and 13.5% of Transource, respectively.
|
(g)
|
The ROE represents the weighted average approved return on equity based on the costs of two projects developed by Transource Missouri; the $65 million Iatan-Nashua project (10.3%) and the $246 million Sibley-Nebraska City project (11.3%).
|
(h)
|
In August 2016, Transource Maryland and Transource Pennsylvania received approval from the PJM Interconnection Board to construct portions of a transmission project located in both Maryland and Pennsylvania. The project is expected to go in service in 2020.
|
(i)
|
In November 2016, Transource Maryland and Transource Pennsylvania submitted a filing at FERC requesting approval of a 10.4% base ROE plus a 0.50% ROE adder for RTO participation and a 0.50% ROE adder for risk.
|
(j)
|
RITELine IN, Transource Missouri, Transource West Virginia, Transource Maryland and Transource Pennsylvania are consolidated joint ventures by AEP. Therefore, the investment value listed reflects applicable income taxes that are the responsibility of AEP. All other investments in this schedule are joint ventures that are not consolidated by AEP. Therefore, these investment values listed do not reflect income taxes that are the responsibility of AEP.
|
|
2016
|
|
2015
|
Coal
|
62%
|
|
66%
|
Natural Gas
|
36%
|
|
32%
|
Renewables
|
2%
|
|
2%
|
•
|
The potential harmful effects on the environment and human health due to an adverse incident/event resulting from the operation of nuclear facilities and the storage, handling and disposal of radioactive materials such as spent nuclear fuel.
|
•
|
Limitations on the amounts and types of insurance commercially available to cover losses that might arise in connection with nuclear operations.
|
•
|
Uncertainties with respect to contingencies and assessment amounts triggered by a loss event (federal law requires owners of nuclear units to purchase the maximum available amount of nuclear liability insurance and potentially contribute to the coverage for losses of others).
|
•
|
Uncertainties with respect to the technological and financial aspects of decommissioning nuclear plants at the end of their licensed lives.
|
•
|
Operator error and breakdown or failure of equipment or processes.
|
•
|
Operating limitations that may be imposed by environmental or other regulatory requirements.
|
•
|
Labor disputes.
|
•
|
Compliance with mandatory reliability standards, including mandatory cyber security standards.
|
•
|
Information technology failure that impairs AEP’s information technology infrastructure or disrupts normal business operations.
|
•
|
Information technology failure that affects AEP’s ability to access customer information or causes loss of confidential or proprietary data that materially and adversely affects AEP’s reputation or exposes AEP to legal claims.
|
•
|
Fuel or water supply interruptions caused by transportation constraints, adverse weather such as drought, non-performance by suppliers and other factors.
|
•
|
Catastrophic events such as fires, earthquakes, explosions, hurricanes, tornados, ice storms, terrorism (including cyber-terrorism), floods or other similar occurrences.
|
•
|
Fuel costs and related requirements triggered by financial stress in the coal industry.
|
•
|
Weather conditions, including storms.
|
•
|
Economic conditions.
|
•
|
Outages of major generation or transmission facilities.
|
•
|
Seasonality.
|
•
|
Power usage.
|
•
|
Illiquid markets.
|
•
|
Transmission or transportation constraints or inefficiencies.
|
•
|
Availability of competitively priced alternative energy sources.
|
•
|
Demand for energy commodities.
|
•
|
Natural gas, crude oil and refined products and coal production levels.
|
•
|
Natural disasters, wars, embargoes and other catastrophic events.
|
•
|
Federal, state and foreign energy and environmental regulation and legislation and/or incentives.
|
•
|
RTO market structures.
|
AEGCo
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Rockport, Units 1 and 2 – 50% of each (a)
|
|
2
|
|
IN
|
|
Steam - Coal
|
|
1,310
|
|
|
1984
|
Lawrenceburg (b)
|
|
6
|
|
IN
|
|
Natural Gas
|
|
1,186
|
|
|
2004
|
Total MWs
|
|
|
|
|
|
|
|
2,496
|
|
|
|
(a)
|
Rockport, Unit 2 is leased.
|
(b)
|
The capacity and output of this plant was under contract to (and its financial impact was included with) AGR. The contract was terminated as a result of the sale of Lawrenceburg in January 2017.
|
APCo
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Buck
|
|
3
|
|
VA
|
|
Hydro
|
|
9
|
|
|
1912
|
Byllesby
|
|
4
|
|
VA
|
|
Hydro
|
|
22
|
|
|
1912
|
Claytor
|
|
4
|
|
VA
|
|
Hydro
|
|
76
|
|
|
1939
|
Leesville
|
|
2
|
|
VA
|
|
Hydro
|
|
50
|
|
|
1964
|
London
|
|
3
|
|
WV
|
|
Hydro
|
|
14
|
|
|
1935
|
Marmet
|
|
3
|
|
WV
|
|
Hydro
|
|
14
|
|
|
1935
|
Niagara
|
|
2
|
|
VA
|
|
Hydro
|
|
2
|
|
|
1906
|
Reusens
|
|
5
|
|
VA
|
|
Hydro
|
|
13
|
|
|
1904
|
Winfield
|
|
3
|
|
WV
|
|
Hydro
|
|
15
|
|
|
1938
|
Ceredo
|
|
6
|
|
WV
|
|
Natural Gas
|
|
516
|
|
|
2001
|
Dresden
|
|
3
|
|
OH
|
|
Natural Gas
|
|
613
|
|
|
2012
|
Clinch River (a)
|
|
2
|
|
VA
|
|
Natural Gas
|
|
460
|
|
|
1958
|
Smith Mountain
|
|
5
|
|
VA
|
|
Pumped Storage
|
|
586
|
|
|
1965
|
Amos
|
|
3
|
|
WV
|
|
Steam - Coal
|
|
2,930
|
|
|
1971
|
Mountaineer
|
|
1
|
|
WV
|
|
Steam - Coal
|
|
1,320
|
|
|
1980
|
Total MWs
|
|
|
|
|
|
|
|
6,640
|
|
|
|
(a)
|
In 2016, Clinch River, Units 1 and 2 boilers were converted to natural gas.
|
I&M
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Berrien Springs
|
|
12
|
|
MI
|
|
Hydro
|
|
7
|
|
|
1908
|
Buchanan
|
|
10
|
|
MI
|
|
Hydro
|
|
4
|
|
|
1919
|
Constantine
|
|
4
|
|
MI
|
|
Hydro
|
|
1
|
|
|
1921
|
Deer Creek Solar Farm
|
|
NA
|
|
IN
|
|
Solar
|
|
3
|
|
|
2016
|
Elkhart
|
|
3
|
|
IN
|
|
Hydro
|
|
3
|
|
|
1913
|
Mottville
|
|
4
|
|
MI
|
|
Hydro
|
|
2
|
|
|
1923
|
Olive Solar Farm
|
|
NA
|
|
IN
|
|
Solar
|
|
5
|
|
|
2016
|
Twin Branch Solar Farm
|
|
NA
|
|
IN
|
|
Solar
|
|
3
|
|
|
2016
|
Twin Branch Hydro Plant
|
|
8
|
|
IN
|
|
Hydro
|
|
5
|
|
|
1904
|
Rockport (Units 1 and 2, 50% of each) (a)
|
|
2
|
|
IN
|
|
Steam - Coal
|
|
1,310
|
|
|
1984
|
Cook
|
|
2
|
|
MI
|
|
Steam - Nuclear
|
|
2,248
|
|
|
1975
|
Watervliet
|
|
NA
|
|
IN
|
|
Solar
|
|
5
|
|
|
2016
|
Total MWs
|
|
|
|
|
|
|
|
3,596
|
|
|
|
(a)
|
Rockport, Unit 2 is leased.
|
|
Cook Plant
|
||||
|
Unit 1
|
|
Unit 2
|
||
Year Placed in Operation
|
1975
|
|
|
1978
|
|
Year of Expiration of NRC License
|
2034
|
|
|
2037
|
|
Nominal Net Electrical Rating in Kilowatts
|
1,084,000
|
|
|
1,164,000
|
|
Annual Capacity Utilization
|
|
|
|
||
2016
|
87.3
|
%
|
|
72.5
|
%
|
2015
|
82.4
|
%
|
|
89.7
|
%
|
2014
|
82.7
|
%
|
|
86.9
|
%
|
KPCo
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Big Sandy (a)
|
|
1
|
|
KY
|
|
Natural Gas
|
|
280
|
|
|
1963
|
Mitchell (b)
|
|
2
|
|
WV
|
|
Steam - Coal
|
|
780
|
|
|
1971
|
Total MWs
|
|
|
|
|
|
|
|
1,060
|
|
|
|
(a)
|
In 2016, Big Sandy, Unit 1 boiler was converted to natural gas.
|
(b)
|
KPCo owns a 50% interest in the Mitchell Units. WPCo owns the remaining 50%. Figures presented reflect only the portion owned by KPCo.
|
PSO
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Comanche
|
|
3
|
|
OK
|
|
Natural Gas
|
|
248
|
|
|
1973
|
Riverside, Units 3 and 4
|
|
2
|
|
OK
|
|
Natural Gas
|
|
160
|
|
|
2008
|
Southwestern, Units 4 and 5
|
|
2
|
|
OK
|
|
Natural Gas
|
|
170
|
|
|
2008
|
Weleetka
|
|
3
|
|
OK
|
|
Natural Gas
|
|
185
|
|
|
1975
|
Northeastern, Unit 1
|
|
1
|
|
OK
|
|
Natural Gas
|
|
472
|
|
|
1961
|
Northeastern, Unit 3 (a)
|
|
1
|
|
OK
|
|
Steam - Coal
|
|
469
|
|
|
1979
|
Oklaunion (b)
|
|
1
|
|
TX
|
|
Steam - Coal
|
|
105
|
|
|
1986
|
Northeastern, Unit 2
|
|
1
|
|
OK
|
|
Steam - Natural Gas
|
|
440
|
|
|
1961
|
Riverside, Units 1 and 2
|
|
2
|
|
OK
|
|
Steam - Natural Gas
|
|
907
|
|
|
1974
|
Southwestern, Units 1, 2 and 3
|
|
3
|
|
OK
|
|
Steam - Natural Gas
|
|
465
|
|
|
1952
|
Tulsa
|
|
2
|
|
OK
|
|
Steam - Natural Gas
|
|
319
|
|
|
1956
|
Total MWs
|
|
|
|
|
|
|
|
3,940
|
|
|
|
(a)
|
Northeastern, Unit 4 was retired in April 2016.
|
(b)
|
Jointly-owned with AEP Texas and non-affiliated entities. Figures presented reflect only the portion owned by PSO.
|
SWEPCo
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Mattison
|
|
4
|
|
AR
|
|
Natural Gas
|
|
291
|
|
|
2007
|
Stall
|
|
3
|
|
LA
|
|
Natural Gas
|
|
534
|
|
|
2010
|
Flint Creek (a)
|
|
1
|
|
AR
|
|
Steam - Coal
|
|
264
|
|
|
1978
|
Turk (a)
|
|
1
|
|
AR
|
|
Steam - Coal
|
|
477
|
|
|
2012
|
Welsh (b)
|
|
2
|
|
TX
|
|
Steam - Coal
|
|
1,053
|
|
|
1977
|
Dolet Hills (a)
|
|
1
|
|
LA
|
|
Steam - Lignite
|
|
256
|
|
|
1986
|
Pirkey (a)
|
|
1
|
|
TX
|
|
Steam - Lignite
|
|
580
|
|
|
1985
|
Arsenal Hill
|
|
1
|
|
LA
|
|
Steam - Natural Gas
|
|
110
|
|
|
1960
|
Knox Lee
|
|
4
|
|
TX
|
|
Steam - Natural Gas
|
|
475
|
|
|
1950
|
Lieberman
|
|
3
|
|
LA
|
|
Steam - Natural Gas
|
|
242
|
|
|
1947
|
Lone Star
|
|
1
|
|
TX
|
|
Steam - Natural Gas
|
|
50
|
|
|
1954
|
Wilkes
|
|
3
|
|
TX
|
|
Steam - Natural Gas
|
|
893
|
|
|
1964
|
Total MWs
|
|
|
|
|
|
|
|
5,225
|
|
|
|
(a)
|
Jointly-owned with nonaffiliated entity(ies). Figures presented reflect only the portion owned by SWEPCo. The Arkansas jurisdictional portion of SWEPCo’s interest in Turk is not in rate base.
|
(b)
|
Welsh, Unit 2 was retired in April 2016.
|
WPCo
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Mitchell (a)
|
|
2
|
|
WV
|
|
Steam - Coal
|
|
780
|
|
|
1971
|
Total MWs
|
|
|
|
|
|
|
|
780
|
|
|
|
(a)
|
A portion of WPCo’s interest in the Mitchell Units is not in rate base. KPCo owns the remaining 50%. Figures presented reflect only the portion owned by WPCo.
|
AGR
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant
or First Unit Commissioned
|
|
Racine
|
|
2
|
|
OH
|
|
Hydro
|
|
48
|
|
|
1982
|
Darby (a)
|
|
6
|
|
OH
|
|
Natural Gas
|
|
510
|
|
|
2001
|
Waterford (a)
|
|
4
|
|
OH
|
|
Natural Gas
|
|
963
|
|
|
2003
|
Cardinal
|
|
1
|
|
OH
|
|
Steam - Coal
|
|
595
|
|
|
1967
|
Conesville (b) (d)
|
|
3
|
|
OH
|
|
Steam - Coal
|
|
1,159
|
|
|
1957
|
Gavin (a)
|
|
2
|
|
OH
|
|
Steam - Coal
|
|
2,670
|
|
|
1974
|
Stuart (b)
|
|
4
|
|
OH
|
|
Steam - Coal
|
|
600
|
|
|
1971
|
Zimmer (b) (d)
|
|
1
|
|
OH
|
|
Steam - Coal
|
|
330
|
|
|
1991
|
Total MWs
(b)(c)
|
|
|
|
|
|
|
|
6,875
|
|
|
|
(a)
|
Darby, Waterford and Gavin Plants were sold to an unaffiliated party in January 2017.
|
(b)
|
Jointly-owned with nonaffiliated entities, one of which has announced its intention to close its unit in 2018. Figures presented reflect only the portion owned by AGR.
|
(c)
|
AGR had contractual rights to a natural gas-fired 1,186 MW generating unit located in Lawrenceburg, IN. The contract was terminated when the Lawrenceburg plant was sold in January 2017.
|
(d)
|
In February 2017, AEP signed an agreement to purchase Dynegy Corporation’s ownership share of Conesville Plant Unit 4. Simultaneously, AEP signed an agreement with Dynegy Corporation to sell AEP’s ownership share of the Zimmer Plant. The transactions are expected to close in the second quarter of 2017, subject to FERC approval and are not expected to have a material impact on net income, cash flows and financial condition.
|
Domestic Independent Power
|
|
|
|
|
|
|
|
|
|
|
|
Plant Name
|
|
Units
|
|
State
|
|
Fuel Type
|
|
Net Maximum
Capacity (MWs)
|
|
Year Plant Commissioned
|
|
Trent Mesa
|
|
100
|
|
TX
|
|
Wind
|
|
150
|
|
|
2001
|
Desert Sky
|
|
107
|
|
TX
|
|
Wind
|
|
161
|
|
|
2001
|
Total MWs
|
|
|
|
|
|
|
|
311
|
|
|
|
|
|
Total Overhead Circuit Miles of Transmission and Distribution Lines
|
|
|
APCo
|
|
51,731
|
|
|
I&M
|
|
21,745
|
|
|
KGPCo
|
|
1,401
|
|
|
KPCo
|
|
11,163
|
|
|
PSO
|
|
18,526
|
|
|
SWEPCo
|
|
26,036
|
|
|
WPCo
|
|
1,745
|
|
|
Total Circuit Miles
|
|
132,347
|
|
|
|
|
Total Overhead Circuit Miles of Transmission and Distribution Lines
|
|
|
OPCo
|
|
45,112
|
|
|
AEP Texas
|
|
45,583
|
|
|
Total Circuit Miles
|
|
90,695
|
|
|
|
Total Overhead Circuit Miles of Transmission Lines
|
|
ETT
|
1,792
|
|
IMTCo
|
129
|
|
OHTCo
|
524
|
|
OKTCo
|
384
|
|
WVTCo
|
107
|
|
Prairie Wind Transmission
|
216
|
|
Transource Missouri
|
167
|
|
Total Circuit Miles
|
3,319
|
|
Plan Category
|
|
Number of Securities to be Issued upon Exercise of Outstanding Options Warrants and Rights
|
|
Weighted Average Exercise Price of Outstanding Options, Warrants and Rights
|
|
Number of Securities Remaining
Available for Future Issuance under Equity Compensation Plans
|
||||||
Equity Compensation Plans Approved by Security Holders
|
|
—
|
|
|
|
NA
|
|
9,822,644
|
|
|
||
Equity Compensation Plans Not Approved by Security Holders
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total
|
|
—
|
|
|
|
NA
|
|
9,822,644
|
|
|
|
APCo
|
|
I&M
|
|
OPCo
|
||||||||||||||||||
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||||||||||
Audit Fees
|
$
|
2,202,328
|
|
|
$
|
2,123,309
|
|
|
$
|
1,691,802
|
|
|
$
|
1,638,081
|
|
|
$
|
1,184,577
|
|
|
$
|
1,166,775
|
|
Audit-Related Fees
|
47,582
|
|
|
125,961
|
|
|
10,661
|
|
|
70,341
|
|
|
47,291
|
|
|
94,931
|
|
||||||
Tax Fees
|
22,576
|
|
|
24,603
|
|
|
18,747
|
|
|
20,255
|
|
|
13,526
|
|
|
39,696
|
|
||||||
All Other Fees
|
36,254
|
|
|
—
|
|
|
28,797
|
|
|
—
|
|
|
23,548
|
|
|
—
|
|
||||||
Total
|
$
|
2,308,740
|
|
|
$
|
2,273,873
|
|
|
$
|
1,750,007
|
|
|
$
|
1,728,677
|
|
|
$
|
1,268,942
|
|
|
$
|
1,301,402
|
|
|
|
PSO
|
|
SWEPCo
|
|
||||||||||||
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
|
||||||||
|
Audit Fees
|
$
|
699,346
|
|
|
$
|
666,984
|
|
|
$
|
1,286,154
|
|
|
$
|
1,280,749
|
|
|
|
Audit-Related Fees
|
501
|
|
|
33,214
|
|
|
686
|
|
|
52,693
|
|
|
||||
|
Tax Fees
|
8,200
|
|
|
8,401
|
|
|
13,991
|
|
|
14,620
|
|
|
||||
|
All Other Fees
|
21,813
|
|
|
—
|
|
|
29,903
|
|
|
—
|
|
|
||||
|
Total
|
$
|
729,860
|
|
|
$
|
708,599
|
|
|
$
|
1,330,734
|
|
|
$
|
1,348,062
|
|
|
1.
|
FINANCIAL STATEMENTS:
|
2. FINANCIAL STATEMENT SCHEDULES:
|
|
Page Number
|
Financial Statement Schedules are listed in the Index of Financial Statement Schedules. (Certain schedules have been omitted because the required information is contained in the notes to financial statements or because such schedules are not required or are not applicable). Reports of Independent Registered Public Accounting Firm.
|
|
S-1
|
|
|
|
3. EXHIBITS:
|
|
|
Exhibits for AEP, APCo, I&M, OPCo, PSO and SWEPCo are listed in the Exhibit Index beginning on page E-1 and are incorporated herein by reference.
|
|
E-1
|
|
American Electric Power Company, Inc.
|
|
|
|
|
|
By:
|
/s/ Brian X. Tierney
|
|
|
(Brian X. Tierney, Executive Vice President
|
|
|
and Chief Financial Officer)
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
(i)
|
Principal Executive Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Nicholas K. Akins
|
|
Chairman of the Board,
Chief Executive Officer and Director
|
|
February 22, 2017
|
|
(Nicholas K. Akins)
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Principal Financial Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Brian X. Tierney
|
|
Executive Vice President and Chief Financial Officer
|
|
February 22, 2017
|
|
(Brian X. Tierney)
|
|
|
|
|
|
|
|
|
|
|
(iii)
|
Principal Accounting Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Joseph M. Buonaiuto
|
|
Senior Vice President, Controller and Chief Accounting Officer
|
|
February 22, 2017
|
|
(Joseph M. Buonaiuto)
|
|
|
|
|
|
|
|
|
|
|
(iv)
|
A Majority of the Directors:
|
|
|
|
|
|
|
|
|
|
|
|
*Nicholas K. Akins
|
|
|
|
|
|
*David J. Anderson
|
|
|
|
|
|
*J. Barnie Beasley, Jr.
|
|
|
|
|
|
*Ralph D. Crosby, Jr.
|
|
|
|
|
|
*Linda A. Goodspeed
|
|
|
|
|
|
*Thomas E. Hoaglin
|
|
|
|
|
|
*Sandra Beach Lin
|
|
|
|
|
|
*Richard C. Notebaert
|
|
|
|
|
|
*Lionel L. Nowell, III
|
|
|
|
|
|
*Stephen S. Rasmussen
|
|
|
|
|
|
*Oliver G. Richard, III
|
|
|
|
|
|
*Sara Martinez Tucker
|
|
|
|
|
|
|
|
|
|
|
*By:
|
/s/ Brian X. Tierney
|
|
|
|
February 22, 2017
|
|
(Brian X. Tierney, Attorney-in-Fact)
|
|
|
|
|
|
Appalachian Power Company
|
|
|
Ohio Power Company
|
|
|
Public Service Company of Oklahoma
|
|
|
Southwestern Electric Power Company
|
|
|
|
|
|
By:
|
/s/ Brian X. Tierney
|
|
|
(Brian X. Tierney, Executive Vice President and Chief Financial Officer)
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
(i)
|
Principal Executive Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Nicholas K. Akins
|
|
Chairman of the Board, Chief Executive Officer and Director
|
|
February 22, 2017
|
|
(Nicholas K. Akins)
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Principal Financial Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Brian X. Tierney
|
|
Vice President, Chief Financial Officer and Director
|
|
February 22, 2017
|
|
(Brian X. Tierney)
|
|
|
|
|
|
|
|
|
|
|
(iii)
|
Principal Accounting Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Joseph M. Buonaiuto
|
|
Controller and Chief Accounting Officer
|
|
February 22, 2017
|
|
(Joseph M. Buonaiuto)
|
|
|
|
|
|
|
|
|
|
|
(iv)
|
A Majority of the Directors:
|
|
|
|
|
|
|
|
|
|
|
|
*Nicholas K. Akins
|
|
|
|
|
|
*Lisa M. Barton
|
|
|
|
|
|
*Paul Chodak III
|
|
|
|
|
|
*David M. Feinberg
|
|
|
|
|
|
*Lana L. Hillebrand
|
|
|
|
|
|
*Mark C. McCullough
|
|
|
|
|
|
*Charles R. Patton
|
|
|
|
|
|
*Robert P. Powers
|
|
|
|
|
|
Brian X. Tierney
|
|
|
|
|
|
|
|
|
|
|
*By:
|
/s/ Brian X. Tierney
|
|
|
|
February 22, 2017
|
|
(Brian X. Tierney, Attorney-in-Fact)
|
|
|
|
|
|
Indiana Michigan Power Company
|
|
|
|
|
|
By:
|
/s/ Brian X. Tierney
|
|
|
(Brian X. Tierney, Executive Vice President
|
|
|
and Chief Financial Officer)
|
Signature
|
|
Title
|
|
Date
|
|
|
|
|
|
|
|
(i)
|
Principal Executive Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Nicholas K. Akins
|
|
Chairman of the Board, Chief Executive Officer and Director
|
|
February 22, 2017
|
|
(Nicholas K. Akins)
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Principal Financial Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Brian X. Tierney
|
|
Vice President, Chief Financial Officer and Director
|
|
February 22, 2017
|
|
(Brian X. Tierney)
|
|
|
|
|
|
|
|
|
|
|
(iii)
|
Principal Accounting Officer:
|
|
|
|
|
|
|
|
|
|
|
|
/s/ Joseph M. Buonaiuto
|
|
Controller and Chief Accounting Officer
|
|
February 22, 2017
|
|
(Joseph M. Buonaiuto)
|
|
|
|
|
|
|
|
|
|
|
(iv)
|
A Majority of the Directors:
|
|
|
|
|
|
|
|
|
|
|
|
*Nicholas K. Akins
|
|
|
|
|
|
*Lisa M. Barton
|
|
|
|
|
|
*Nicholas M. Elkins
|
|
|
|
|
|
*Thomas A. Kratt
|
|
|
|
|
|
*Marc E. Lewis
|
|
|
|
|
|
*David A. Lucas
|
|
|
|
|
|
*Mark C. McCullough
|
|
|
|
|
|
*Robert P. Powers
|
|
|
|
|
|
*Carla E. Simpson
|
|
|
|
|
|
*Toby L. Thomas
|
|
|
|
|
|
Brian X. Tierney
|
|
|
|
|
|
|
|
|
|
|
*By:
|
/s/ Brian X. Tierney
|
|
|
|
February 22, 2017
|
|
(Brian X. Tierney, Attorney-in-Fact)
|
|
|
|
|
|
Page
Number
|
|
|
The following financial statement schedules are included in this report on the pages indicated:
|
|
|
|
American Electric Power Company, Inc. (Parent):
|
|
|
|
American Electric Power Company, Inc. and Subsidiary Companies:
|
|
|
|
Appalachian Power Company and Subsidiaries:
|
|
|
|
Indiana Michigan Power Company and Subsidiaries:
|
|
|
|
Ohio Power Company and Subsidiaries:
|
|
|
|
Public Service Company of Oklahoma:
|
|
|
|
Southwestern Electric Power Company Consolidated:
|
|
|
|
Years Ended December 31,
|
||||||||||
|
|
2016
|
|
2015
|
|
2014
|
||||||
REVENUES
|
|
|
|
|
|
|
|
|||||
Affiliated Revenues
|
|
$
|
9.7
|
|
|
$
|
10.7
|
|
|
$
|
7.4
|
|
Other Revenues
|
|
2.8
|
|
|
—
|
|
|
—
|
|
|||
TOTAL REVENUES
|
|
12.5
|
|
|
10.7
|
|
|
7.4
|
|
|||
|
|
|
|
|
|
|
||||||
EXPENSES
|
|
|
|
|
|
|
|
|
|
|||
Other Operation
|
|
42.0
|
|
|
29.0
|
|
|
27.3
|
|
|||
Depreciation
|
|
0.2
|
|
|
0.7
|
|
|
—
|
|
|||
TOTAL EXPENSES
|
|
42.2
|
|
|
29.7
|
|
|
27.3
|
|
|||
|
|
|
|
|
|
|
||||||
OPERATING LOSS
|
|
(29.7
|
)
|
|
(19.0
|
)
|
|
(19.9
|
)
|
|||
|
|
|
|
|
|
|
||||||
Other Income (Expense):
|
|
|
|
|
|
|
|
|
|
|||
Interest Income
|
|
11.3
|
|
|
5.9
|
|
|
6.9
|
|
|||
Interest Expense
|
|
(26.8
|
)
|
|
(19.1
|
)
|
|
(16.6
|
)
|
|||
|
|
|
|
|
|
|
||||||
LOSS BEFORE INCOME TAX CREDIT AND EQUITY EARNINGS
|
|
(45.2
|
)
|
|
(32.2
|
)
|
|
(29.6
|
)
|
|||
|
|
|
|
|
|
|
||||||
Income Tax Credit
|
|
(87.5
|
)
|
|
(1.5
|
)
|
|
—
|
|
|||
Equity Earnings of Unconsolidated Subsidiaries
|
|
571.1
|
|
|
1,794.1
|
|
|
1,615.9
|
|
|||
|
|
|
|
|
|
|
||||||
INCOME FROM CONTINUING OPERATIONS
|
|
613.4
|
|
|
1,763.4
|
|
|
1,586.3
|
|
|||
|
|
|
|
|
|
|
||||||
INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX
|
|
(2.5
|
)
|
|
283.7
|
|
|
47.5
|
|
|||
|
|
|
|
|
|
|
||||||
NET INCOME
|
|
610.9
|
|
|
2,047.1
|
|
|
1,633.8
|
|
|||
|
|
|
|
|
|
|
||||||
Other Comprehensive Income (Loss)
|
|
(29.2
|
)
|
|
(30.0
|
)
|
|
12.1
|
|
|||
|
|
|
|
|
|
|
||||||
TOTAL COMPREHENSIVE INCOME
|
|
$
|
581.7
|
|
|
$
|
2,017.1
|
|
|
$
|
1,645.9
|
|
|
|
|
|
|
|
|
||||||
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING
|
|
491,495,458
|
|
|
490,340,522
|
|
|
488,592,997
|
|
|||
|
|
|
|
|
|
|
||||||
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS
|
|
$
|
1.25
|
|
|
$
|
3.59
|
|
|
$
|
3.24
|
|
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS
|
|
(0.01
|
)
|
|
0.58
|
|
|
0.10
|
|
|||
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS
|
|
$
|
1.24
|
|
|
$
|
4.17
|
|
|
$
|
3.34
|
|
|
|
|
|
|
|
|
||||||
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING
|
|
491,662,007
|
|
|
490,574,568
|
|
|
488,899,840
|
|
|||
|
|
|
|
|
|
|
||||||
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS
|
|
$
|
1.25
|
|
|
$
|
3.59
|
|
|
$
|
3.24
|
|
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS
|
|
(0.01
|
)
|
|
0.58
|
|
|
0.10
|
|
|||
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS
|
|
$
|
1.24
|
|
|
$
|
4.17
|
|
|
$
|
3.34
|
|
|
|
December 31,
|
||||||
|
|
2016
|
|
2015
|
||||
CURRENT ASSETS
|
|
|
|
|
|
|
||
Cash and Cash Equivalents
|
|
$
|
125.3
|
|
|
$
|
93.3
|
|
Other Temporary Investments
|
|
2.0
|
|
|
2.1
|
|
||
Advances to Affiliates
|
|
913.1
|
|
|
636.9
|
|
||
Accounts Receivable:
|
|
|
|
|
|
|
||
General
|
|
58.6
|
|
|
13.2
|
|
||
Affiliated Companies
|
|
3.0
|
|
|
8.5
|
|
||
Total Accounts Receivable
|
|
61.6
|
|
|
21.7
|
|
||
Accrued Tax Benefits
|
|
107.8
|
|
|
—
|
|
||
Prepayments and Other Current Assets
|
|
4.1
|
|
|
2.1
|
|
||
TOTAL CURRENT ASSETS
|
|
1,213.9
|
|
|
756.1
|
|
||
|
|
|
|
|
||||
PROPERTY, PLANT AND EQUIPMENT
|
|
|
|
|
|
|
||
General
|
|
1.2
|
|
|
0.7
|
|
||
Total Property, Plant and Equipment
|
|
1.2
|
|
|
0.7
|
|
||
Accumulated Depreciation and Amortization
|
|
0.6
|
|
|
0.4
|
|
||
TOTAL PROPERTY, PLANT AND EQUIPMENT
–
NET
|
|
0.6
|
|
|
0.3
|
|
||
|
|
|
|
|
||||
OTHER NONCURRENT ASSETS
|
|
|
|
|
|
|
||
Investments in Unconsolidated Subsidiaries
|
|
18,197.0
|
|
|
18,344.9
|
|
||
Affiliated Notes Receivable
|
|
20.0
|
|
|
20.0
|
|
||
Deferred Charges and Other Noncurrent Assets
|
|
106.6
|
|
|
49.0
|
|
||
TOTAL OTHER NONCURRENT ASSETS
|
|
18,323.6
|
|
|
18,413.9
|
|
||
|
|
|
|
|
||||
TOTAL ASSETS
|
|
$
|
19,538.1
|
|
|
$
|
19,170.3
|
|
|
|
December 31,
|
||||||||||
|
|
2016
|
|
2015
|
||||||||
CURRENT LIABILITIES
|
|
|
|
|
||||||||
Advances from Affiliates
|
|
$
|
198.4
|
|
|
$
|
244.6
|
|
||||
Accounts Payable:
|
|
|
|
|
||||||||
General
|
|
2.5
|
|
|
0.3
|
|
||||||
Affiliated Companies
|
|
2.2
|
|
|
2.0
|
|
||||||
Long-term Debt Due Within One Year
|
|
548.6
|
|
|
0.1
|
|
||||||
Short-term Debt
|
|
1,040.0
|
|
|
125.0
|
|
||||||
Other Current Liabilities
|
|
8.7
|
|
|
21.0
|
|
||||||
TOTAL CURRENT LIABILITIES
|
|
1,800.4
|
|
|
393.0
|
|
||||||
|
|
|
|
|
||||||||
NONCURRENT LIABILITIES
|
|
|
|
|
||||||||
Long-term Debt
|
|
297.5
|
|
|
843.3
|
|
||||||
Deferred Credits and Other Noncurrent Liabilities
|
|
43.2
|
|
|
42.3
|
|
||||||
TOTAL NONCURRENT LIABILITIES
|
|
340.7
|
|
|
885.6
|
|
||||||
|
|
|
|
|
||||||||
TOTAL LIABILITIES
|
|
2,141.1
|
|
|
1,278.6
|
|
||||||
|
|
|
|
|
||||||||
COMMON SHAREHOLDERS’ EQUITY
|
|
|
|
|
||||||||
Common Stock – Par Value – $6.50 Per Share:
|
|
|
|
|
||||||||
|
2016
|
|
2015
|
|
|
|
|
|
||||
Shares Authorized
|
600,000,000
|
|
600,000,000
|
|
|
|
|
|
||||
Shares Issued
|
512,048,520
|
|
511,389,173
|
|
|
|
|
|
||||
(20,336,592 Shares were Held in Treasury as of December 31, 2016 and 2015)
|
|
3,328.3
|
|
|
3,324.0
|
|
||||||
Paid-in Capital
|
|
6,332.6
|
|
|
6,296.5
|
|
||||||
Retained Earnings
|
|
7,892.4
|
|
|
8,398.3
|
|
||||||
Accumulated Other Comprehensive Income (Loss)
|
|
(156.3
|
)
|
|
(127.1
|
)
|
||||||
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY
|
|
17,397.0
|
|
|
17,891.7
|
|
||||||
|
|
|
|
|
||||||||
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
|
|
$
|
19,538.1
|
|
|
$
|
19,170.3
|
|
|
|
Years Ended December 31,
|
||||||||||
|
|
2016
|
|
2015
|
|
2014
|
||||||
OPERATING ACTIVITIES
|
|
|
|
|
|
|
|
|
|
|||
Net Income
|
|
$
|
610.9
|
|
|
$
|
2,047.1
|
|
|
$
|
1,633.8
|
|
Income (Loss) from Discontinued Operations
|
|
(2.5
|
)
|
|
283.7
|
|
|
47.5
|
|
|||
Income from Continuing Operations
|
|
613.4
|
|
|
1,763.4
|
|
|
1,586.3
|
|
|||
Adjustments to Reconcile Income from Continuing Operations to Net Cash
|
|
|
|
|
|
|
||||||
Flows from Continuing Operating Activities:
|
|
|
|
|
|
|
||||||
Depreciation and Amortization
|
|
0.2
|
|
|
0.7
|
|
|
—
|
|
|||
Deferred Income Taxes
|
|
(54.1
|
)
|
|
(1.0
|
)
|
|
—
|
|
|||
Equity Earnings of Unconsolidated Subsidiaries
|
|
(571.1
|
)
|
|
(1,794.1
|
)
|
|
(1,615.9
|
)
|
|||
Cash Dividends Received from Unconsolidated Subsidiaries
|
|
859.1
|
|
|
984.5
|
|
|
931.5
|
|
|||
Change in Other Noncurrent Assets
|
|
(1.0
|
)
|
|
8.2
|
|
|
0.2
|
|
|||
Change in Other Noncurrent Liabilities
|
|
13.8
|
|
|
14.1
|
|
|
16.5
|
|
|||
Changes in Certain Components of Continuing Working Capital:
|
|
|
|
|
|
|
||||||
Accounts Receivable, Net
|
|
11.1
|
|
|
4.4
|
|
|
(9.4
|
)
|
|||
Accounts Payable
|
|
2.4
|
|
|
(0.6
|
)
|
|
(10.7
|
)
|
|||
Other Current Assets
|
|
(33.3
|
)
|
|
(0.7
|
)
|
|
0.2
|
|
|||
Other Current Liabilities
|
|
(1.7
|
)
|
|
9.2
|
|
|
5.7
|
|
|||
Net Cash Flows from Continuing Operating Activities
|
|
838.8
|
|
|
988.1
|
|
|
904.4
|
|
|||
|
|
|
|
|
|
|
||||||
INVESTING ACTIVITIES
|
|
|
|
|
|
|
||||||
Construction Expenditures
|
|
(0.4
|
)
|
|
(1.0
|
)
|
|
—
|
|
|||
Change in Advances to Affiliates, Net
|
|
(276.2
|
)
|
|
132.2
|
|
|
(230.5
|
)
|
|||
Capital Contributions to Unconsolidated Subsidiaries
|
|
(310.2
|
)
|
|
(473.0
|
)
|
|
(522.5
|
)
|
|||
Return of Capital Contributions from Unconsolidated Subsidiaries
|
|
—
|
|
|
179.0
|
|
|
122.5
|
|
|||
Repayments of Notes Receivable from Affiliated Companies
|
|
—
|
|
|
25.0
|
|
|
20.0
|
|
|||
Net Cash Flows Used for Continuing Investing Activities
|
|
(586.8
|
)
|
|
(137.8
|
)
|
|
(610.5
|
)
|
|||
|
|
|
|
|
|
|
||||||
FINANCING ACTIVITIES
|
|
|
|
|
|
|
||||||
Issuance of Common Stock, Net
|
|
34.2
|
|
|
81.6
|
|
|
73.6
|
|
|||
Change in Short-term Debt, Net
|
|
915.0
|
|
|
(477.0
|
)
|
|
545.0
|
|
|||
Change in Advances from Affiliates, Net
|
|
(46.2
|
)
|
|
128.7
|
|
|
74.5
|
|
|||
Dividends Paid on Common Stock
|
|
(1,115.7
|
)
|
|
(1,054.2
|
)
|
|
(991.9
|
)
|
|||
Other Financing Activities
|
|
(4.8
|
)
|
|
(7.4
|
)
|
|
(8.4
|
)
|
|||
Net Cash Flows Used for Continuing Financing Activities
|
|
(217.5
|
)
|
|
(1,328.3
|
)
|
|
(307.2
|
)
|
|||
|
|
|
|
|
|
|
||||||
Net Cash Flows from (Used for) Discontinued Operating Activities
|
|
(2.5
|
)
|
|
24.6
|
|
|
25.0
|
|
|||
Net Cash Flows from Discontinued Investing Activities
|
|
—
|
|
|
483.5
|
|
|
15.0
|
|
|||
Net Cash Flows from Discontinued Financing Activities
|
|
—
|
|
|
—
|
|
|
—
|
|
|||
|
|
|
|
|
|
|
||||||
Net Increase in Cash and Cash Equivalents
|
|
32.0
|
|
|
30.1
|
|
|
26.7
|
|
|||
Cash and Cash Equivalents at Beginning of Period
|
|
93.3
|
|
|
63.2
|
|
|
36.5
|
|
|||
Cash and Cash Equivalents at End of Period
|
|
$
|
125.3
|
|
|
$
|
93.3
|
|
|
$
|
63.2
|
|
1. Summary of Significant Accounting Policies
|
|
2. Commitments, Guarantees and Contingencies
|
|
3. Financing Activities
|
|
4. Related Party Transactions
|
|
|
Weighted Average
|
|
Interest Rate Ranges as of
|
|
Outstanding as of
|
||||||||
|
|
Interest Rate as of
|
|
December 31,
|
|
December 31,
|
||||||||
Type of Debt and Maturity
|
|
December 31, 2016
|
|
2016
|
|
2015
|
|
2016
|
|
2015
|
||||
|
|
|
|
|
|
|
|
(in millions)
|
||||||
Senior Unsecured Notes
|
|
|
|
|
|
|
|
|
|
|
||||
2017-2022
|
|
2.11%
|
|
1.65% - 2.95%
|
|
1.65% - 2.95%
|
|
$
|
846.1
|
|
|
$
|
843.4
|
|
Total Long-term Debt Outstanding
|
|
|
|
|
|
|
|
846.1
|
|
|
843.4
|
|
||
Long-term Debt Due Within One Year
|
|
|
|
|
|
|
|
548.6
|
|
|
0.1
|
|
||
Long-term Debt
|
|
|
|
|
|
|
|
$
|
297.5
|
|
|
$
|
843.3
|
|
|
2017
|
|
2018
|
|
2019
|
|
2020
|
|
2021
|
|
After 2021
|
|
Total
|
||||||||||||||
|
(in millions)
|
||||||||||||||||||||||||||
Principal Amount
|
$
|
548.6
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
300.0
|
|
|
$
|
848.6
|
|
Unamortized Discount, Net and Debt Issuance Costs
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(2.5
|
)
|
|||||||||||
Total Long-term Debt Outstanding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$
|
846.1
|
|
|
|
December 31,
|
||||||||||||
|
|
2016
|
|
2015
|
||||||||||
Type of Debt
|
|
Outstanding
Amount
|
|
Weighted Average
Interest Rate
|
|
Outstanding
Amount
|
|
Weighted Average
Interest Rate
|
||||||
|
|
(in millions)
|
|
|
|
|
(in millions)
|
|
|
|
||||
Commercial Paper
|
|
$
|
1,040.0
|
|
|
1.02
|
%
|
|
$
|
125.0
|
|
|
0.81
|
%
|
Total Short-term Debt
|
|
$
|
1,040.0
|
|
|
|
|
|
$
|
125.0
|
|
|
|
|
AEP
|
|
|
|
Additions
|
|
|
|
|
||||||||||||
Description
|
|
Balance at
Beginning
of Period
|
|
Charged to
Costs and
Expenses
|
|
Charged to Other
Accounts (a)
|
|
Deductions (b)
|
|
Balance at
End of
Period
|
||||||||||
|
|
(in millions)
|
||||||||||||||||||
Deducted from Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accumulated Provision for Uncollectible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Year Ended December 31, 2016
|
|
$
|
29.0
|
|
|
$
|
40.7
|
|
|
$
|
2.6
|
|
|
$
|
34.4
|
|
|
$
|
37.9
|
|
Year Ended December 31, 2015
|
|
20.8
|
|
|
51.9
|
|
|
2.7
|
|
|
46.4
|
|
|
29.0
|
|
|||||
Year Ended December 31, 2014
|
|
59.0
|
|
|
50.2
|
|
|
10.0
|
|
|
98.4
|
|
|
20.8
|
|
(a)
|
Recoveries offset by reclasses to other assets and liabilities.
|
(b)
|
Uncollectible accounts written off.
|
APCo
|
|
|
|
Additions
|
|
|
|
|
||||||||||||
Description
|
|
Balance at
Beginning
of Period
|
|
Charged to
Costs and
Expenses
|
|
Charged to Other
Accounts (a)
|
|
Deductions (b)
|
|
Balance at
End of
Period
|
||||||||||
|
|
(in millions)
|
||||||||||||||||||
Deducted from Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accumulated Provision for Uncollectible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Year Ended December 31, 2016
|
|
$
|
4.3
|
|
|
$
|
5.8
|
|
|
$
|
2.1
|
|
|
$
|
8.7
|
|
|
$
|
3.5
|
|
Year Ended December 31, 2015
|
|
2.4
|
|
|
9.4
|
|
|
2.3
|
|
|
9.8
|
|
|
4.3
|
|
|||||
Year Ended December 31, 2014
|
|
2.4
|
|
|
9.0
|
|
|
2.5
|
|
|
11.5
|
|
|
2.4
|
|
(a)
|
Recoveries offset by reclasses to other assets and liabilities.
|
(b)
|
Uncollectible accounts written off.
|
I&M
|
|
|
|
Additions
|
|
|
|
|
||||||||||||
Description
|
|
Balance at
Beginning
of Period
|
|
Charged to
Costs and
Expenses
|
|
Charged to Other
Accounts (a)
|
|
Deductions (b)
|
|
Balance at
End of
Period
|
||||||||||
|
|
(in millions)
|
||||||||||||||||||
Deducted from Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accumulated Provision for Uncollectible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Year Ended December 31, 2016
|
|
$
|
0.1
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
$
|
0.1
|
|
|
$
|
—
|
|
Year Ended December 31, 2015
|
|
0.5
|
|
|
(0.2
|
)
|
(c)
|
(0.2
|
)
|
(c)
|
—
|
|
|
0.1
|
|
|||||
Year Ended December 31, 2014
|
|
0.2
|
|
|
0.2
|
|
|
0.2
|
|
|
0.1
|
|
|
0.5
|
|
(a)
|
Recoveries offset by reclasses to other assets and liabilities.
|
(b)
|
Uncollectible accounts written off.
|
(c)
|
Recoveries on previous reserve balance.
|
OPCo
|
|
|
|
Additions
|
|
|
|
|
||||||||||||
Description
|
|
Balance at
Beginning
of Period
|
|
Charged to
Costs and
Expenses
|
|
Charged to Other
Accounts (a)
|
|
Deductions (b)
|
|
Balance at
End of
Period
|
||||||||||
|
|
(in millions)
|
||||||||||||||||||
Deducted from Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accumulated Provision for Uncollectible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Year Ended December 31, 2016
|
|
$
|
0.2
|
|
|
$
|
0.4
|
|
|
$
|
—
|
|
|
$
|
0.2
|
|
|
$
|
0.4
|
|
Year Ended December 31, 2015
|
|
0.2
|
|
|
0.3
|
|
|
—
|
|
|
0.3
|
|
|
0.2
|
|
|||||
Year Ended December 31, 2014
|
|
35.0
|
|
|
1.2
|
|
|
8.0
|
|
|
44.0
|
|
|
0.2
|
|
(a)
|
Recoveries offset by reclasses to other assets and liabilities.
|
(b)
|
Uncollectible accounts written off.
|
PSO
|
|
|
|
Additions
|
|
|
|
|
||||||||||||
Description
|
|
Balance at
Beginning
of Period
|
|
Charged to
Costs and
Expenses
|
|
Charged to Other
Accounts (a)
|
|
Deductions (b)
|
|
Balance at
End of
Period
|
||||||||||
|
|
(in millions)
|
||||||||||||||||||
Deducted from Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accumulated Provision for Uncollectible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Year Ended December 31, 2016
|
|
$
|
0.6
|
|
|
$
|
(0.2
|
)
|
(c)
|
$
|
(0.1
|
)
|
(c)
|
$
|
0.1
|
|
|
$
|
0.2
|
|
Year Ended December 31, 2015
|
|
0.1
|
|
|
0.4
|
|
|
0.2
|
|
|
0.1
|
|
|
0.6
|
|
|||||
Year Ended December 31, 2014
|
|
0.5
|
|
|
(0.3
|
)
|
(c)
|
—
|
|
|
0.1
|
|
|
0.1
|
|
(a)
|
Recoveries offset by reclasses to other assets and liabilities.
|
(b)
|
Uncollectible accounts written off.
|
(c)
|
Recoveries on previous reserve balance.
|
SWEPCo
|
|
|
|
Additions
|
|
|
|
|
||||||||||||
Description
|
|
Balance at
Beginning
of Period
|
|
Charged to
Costs and
Expenses
|
|
Charged to Other
Accounts (a)
|
|
Deductions (b)
|
|
Balance at
End of
Period
|
||||||||||
|
|
(in millions)
|
||||||||||||||||||
Deducted from Assets:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accumulated Provision for Uncollectible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||
Accounts:
|
|
|
|
|
|
|
|
|
|
|
||||||||||
Year Ended December 31, 2016
|
|
$
|
0.9
|
|
|
$
|
0.2
|
|
|
$
|
0.2
|
|
|
$
|
—
|
|
|
$
|
1.3
|
|
Year Ended December 31, 2015
|
|
0.5
|
|
|
0.3
|
|
|
0.1
|
|
|
—
|
|
|
0.9
|
|
|||||
Year Ended December 31, 2014
|
|
1.4
|
|
|
0.5
|
|
|
(1.4
|
)
|
(c)
|
—
|
|
|
0.5
|
|
(a)
|
Recoveries offset by reclasses to other assets and liabilities.
|
(b)
|
Uncollectible accounts written off.
|
(c)
|
Recoveries on previous reserve balance.
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
AEP‡ File No. 1-3525
|
|
|
||
|
|
|
|
|
3(a)
|
|
Composite of the Restated Certificate of Incorporation of AEP, dated April 23, 2015.
|
|
Form 10-Q, Ex 3, June 30, 2015
|
|
|
|
|
|
3(b)
|
|
Composite By-Laws of AEP, as amended as of October 20, 2015.
|
|
Form 8-K, Ex 3.1 dated October 21, 2015
|
|
|
|
|
|
4(a)
|
|
Indenture (for unsecured debt securities), dated as of May 1, 2001, between AEP and The Bank of New York, as Trustee.
|
|
Registration Statement No. 333-86050, Ex 4(a)(b)(c)
Registration Statement No. 333-105532, Ex 4(d)(e)(f) Registration Statement No. 333-200956, Ex 4(b) |
|
|
|
|
|
4(b)
|
|
$3,000,000,000 Fourth Amended and Restated Credit Agreement dated June 30, 2016 among AEP,
the banks, financial institutions and other institutional lenders listed on the signature pages thereof and Wells Fargo Bank, N.A., as Administrative Agent. |
|
Form 10-Q, Ex 4(b), June 30, 2016
|
|
|
|
|
|
4(c)
|
|
$500,000,000 Third Amended and Restated Credit Agreement dated June 30, 2016 among AEP,
the banks, financial institutions and other institutional lenders listed on the signature pages thereof and Wells Fargo Bank, N.A., as Administrative Agent. |
|
Form 10-Q, Ex 4(c), June 30, 2016
|
|
|
|
|
|
10(a)
|
|
Transmission Agreement, effective November 2010, among APCo, CSPCo, I&M, KGPCo, KPCo, OPCo and WPCo with AEPSC as agent.
|
|
2013 Form 10-K, Ex 10(c)
|
|
|
|
|
|
10(b)
|
|
Transmission Coordination Agreement dated January 1, 1997, restated and amended by and among PSO, SWEPCo and AEPSC.
|
|
2009 Form 10-K, Ex 10(d)
|
|
|
|
|
|
10(c)
|
|
Amended and Restated Operating Agreement dated as of June 2, 1997, of PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(e)(1)
|
|
|
|
|
|
10(c)(1)
|
|
PJM West Reliability Assurance Agreement, dated as of March 14, 2001, among Load Serving Entities in the PJM West service area.
|
|
2004 Form 10-K, Ex 10(e)(2)
|
|
|
|
|
|
10(c)(2)
|
|
Master Setoff and Netting Agreement among PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(e)(3)
|
|
|
|
|
|
10(d)
|
|
Lease Agreements, dated as of December 1, 1989, between AEGCo or I&M and Wilmington Trust Company, as amended.
|
|
Registration Statement No. 33-32752, Ex 28(c)(1-6)(C)
Registration Statement No. 33-32753, Ex 28(a)(1-6)(C) AEGCo 1993 Form 10-K, Ex 10(c)(1-6)(B) I&M 1993 Form 10-K, Ex 10(e)(1-6)(B) |
|
|
|
|
|
10(e)
|
|
Consent Decree with U.S. District Court dated October 9, 2007, as modified.
|
|
Form 8-K, Ex 10.1 dated October 9, 2007
Form 10-Q, Ex 10, June 30, 2013 |
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
10(f)
|
|
Purchase and Sale Agreement by and among AEP Generation Resources Inc., AEP Generating Company and Burgundy Power LLC dated as of September 13, 2016.
|
|
Form 10-Q, Ex 10(b), September 30, 2016
|
|
|
|
|
|
†10(g)
|
|
AEP Accident Coverage Insurance Plan for Directors.
|
|
1985 Form 10-K, Ex 10(g)
|
|
|
|
|
|
*†10(h)
|
|
AEP Retainer Deferral Plan for Non-Employee Directors, as Amended and Restated effective July 26, 2016.
|
|
|
|
|
|
|
|
*†10(i)
|
|
AEP Stock Unit Accumulation Plan for Non-Employee Directors as amended July 26, 2016.
|
|
|
|
|
|
|
|
†10(j)
|
|
AEP System Excess Benefit Plan, Amended and Restated as of January 1, 2008.
|
|
2008 Form 10-K, Ex 10(l)(1)(A)
|
|
|
|
|
|
†10(j)(1)
|
|
Guaranty by AEP of AEPSC Excess Benefits Plan.
|
|
1990 Form 10-K, Ex 10(h)(1)(B)
|
|
|
|
|
|
†10(k)
|
|
AEP System Supplemental Retirement Savings Plan, Amended and Restated as of January 1, 2011 (Non-Qualified).
|
|
2010 Form 10-K, Ex 10(l)(2)
|
|
|
|
|
|
†10(k)(1)(A)
|
|
Amendment to AEP System Supplemental Retirement Savings Plan, as Amended and Restated as of January 1, 2011 (Non-Qualified).
|
|
2014 Form 10-K, Ex †10(l)(1)(A)
|
|
|
|
|
|
†10(l)
|
|
AEPSC Umbrella Trust for Executives.
|
|
1993 Form 10-K, Ex 10(g)(3)
|
|
|
|
|
|
†10(l)(1)(A)
|
|
First Amendment to AEPSC Umbrella Trust for Executives.
|
|
2008 Form 10-K, Ex 10(l)(3)(A)
|
|
|
|
|
|
†10(m)
|
|
Employment Agreement dated July 29, 1998 between AEPSC and Robert P. Powers.
|
|
2002 Form 10-K, Ex 10(m)(4)
|
|
|
|
|
|
†10(m)(1)(A)
|
|
Amendment to Employment Agreement dated December 9, 2008 between AEPSC and Robert P. Powers.
|
|
2008 Form 10-K, Ex 10(m)(4)(A)
|
|
|
|
|
|
†10(n)
|
|
AEP System Senior Officer Annual Incentive Compensation Plan amended and restated as of February 28, 2012.
|
|
Form 10-Q, Ex 10, June 30, 2012
|
|
|
|
|
|
†10(o)
|
|
AEP System Survivor Benefit Plan, effective January 27, 1998.
|
|
Form 10-Q, Ex 10, September 30, 1998
|
|
|
|
|
|
†10(o)(1)(A)
|
|
First Amendment to AEP System Survivor Benefit Plan, as amended and restated effective January 31, 2000.
|
|
2002 Form 10-K, Ex 10(o)(2)
|
|
|
|
|
|
†10(o)(2)(A)
|
|
Second Amendment to AEP System Survivor Benefit Plan, as amended and restated effective January 1, 2008.
|
|
2008 Form 10-K, Ex 10(o)(1)(B)
|
|
|
|
|
|
†10(p)
|
|
AEP System Incentive Compensation Deferral Plan Amended and Restated as of January 1, 2008.
|
|
2008 Form 10-K, Ex 10(p)
|
|
|
|
|
|
†10(p)(1)(A)
|
|
First Amendment to AEP System Incentive Compensation Deferral Plan as Amended and Restated as of January 1, 2008.
|
|
2011 Form 10-K, Ex 10(p)(1)(A)
|
|
|
|
|
|
†10(p)(2)(A)
|
|
Second Amendment to AEP System Incentive Compensation Deferral Plan as Amended and Restated as of January 1, 2008.
|
|
2014 Form 10-K, Ex †10(q)(2)(A)
|
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
*†10(q)
|
|
AEP Change In Control Agreement, as Revised Effective January 1, 2017.
|
|
Form 10-Q, Ex 10(c) , September 30, 2016
|
|
|
|
|
|
†10(r)
|
|
Amended and Restated AEP System Long-Term Incentive Plan as of September 21, 2016
|
|
Form 10-Q, Ex 10(a) , September 30, 2016
|
|
|
|
|
|
†10(r)(1)(A)
|
|
Performance Share Award Agreement furnished to participants of the AEP System Long-Term Incentive Plan, as amended.
|
|
2011 Form 10-K, Ex 10(t)(1)(A)
|
|
|
|
|
|
†10(r)(2)(A)
|
|
Restricted Stock Unit Agreement furnished to participants of the AEP System Long-Term Incentive Plan Amended and Restated effective January 1, 2013.
|
|
2012 Form 10-K, Ex 10 (t)(2)(A)
|
|
|
|
|
|
†10(s)
|
|
AEP System Stock Ownership Requirement Plan Amended and Restated effective January 1, 2014.
|
|
Form 10-Q, Ex 10, June 30, 2014
|
|
|
|
|
|
†10(s)(1)(A)
|
|
First Amendment to AEP System Stock Ownership Requirement Plan as Amended and Restated effective January 1, 2014.
|
|
2014 Form 10-K, Ex †10(t)(1)(A)
|
|
|
|
|
|
†10(t)
|
|
Central and South West System Special Executive Retirement Plan Amended and Restated effective January 1, 2009.
|
|
2008 Form 10-K, Ex 10(v)
|
|
|
|
|
|
†10(u)
|
|
AEP Executive Severance Plan Amended and Restated effective October 24, 2016.
|
|
Form 10-Q, Ex 10(d) , September 30, 2016
|
|
|
|
|
|
†10(v)
|
|
Letter Agreement dated November 20, 2012 between AEPSC and Lana Hillebrand
|
|
2013 Form 10-K, Ex 10(s)
|
|
|
|
|
|
*12
|
|
Statement re: Computation of Ratios.
|
|
|
|
|
|
|
|
*13
|
|
Copy of those portions of the AEP 2016 Annual Report (for the fiscal year ended December 31, 2016) which are incorporated by reference in this filing.
|
|
|
|
|
|
|
|
*21
|
|
List of subsidiaries of AEP.
|
|
|
|
|
|
|
|
*23
|
|
Consent of Deloitte & Touche LLP.
|
|
|
|
|
|
|
|
*24
|
|
Power of Attorney.
|
|
|
|
|
|
|
|
*31(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*31(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*32(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*32(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema.
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase.
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase.
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase.
|
|
|
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase.
|
|
|
|
|
|
|
|
APCo‡ File No. 1-3457
|
|
|
||
|
|
|
|
|
3(a)
|
|
Composite of the Restated Articles of Incorporation of APCo, amended as of March 7, 1997.
|
|
1996 Form 10-K, Ex 3(d)
|
|
|
|
|
|
3(b)
|
|
Composite By-Laws of APCo, amended as of February 26, 2008.
|
|
2007 Form 10-K, Ex 3(b)
|
|
|
|
|
|
4(a)
|
|
Indenture (for unsecured debt securities), dated as of January 1, 1998, between APCo and The Bank of New York, As Trustee.
|
|
Registration Statement No. 333-45927, Ex 4(a)(b)
Registration Statement No. 333-49071, Ex 4(b) Registration Statement No. 333-84061, Ex 4(b)(c) Registration Statement No. 333-100451, Ex 4(b)(c)(d) Registration Statement No. 333-116284, Ex 4(b)(c) Registration Statement No. 333-123348, Ex 4(b)(c) Registration Statement No. 333-136432, Ex 4(b)(c)(d) Registration Statement No. 333-161940, Ex 4(b)(c)(d) Registration Statement No. 333-182336, Ex 4(b)(c) Registration Statement No. 333-200750, Ex. 4(b)(c) Registration Statement No. 333-214448, Ex. 4(b) |
|
|
|
|
|
10(a)
|
|
Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring Companies, as amended September 10, 2010.
|
|
2013 Form 10-K, Ex 10(a)
|
|
|
|
|
|
10(b)
|
|
Transmission Agreement, effective November 2010, among APCo, CSPCo, I&M, KGPCo, KPCo, OPCo and WPCo with AEPSC as agent.
|
|
2013 Form 10-K, Ex 10(c)
|
|
|
|
|
|
10(c)
|
|
Amended and Restated Operating Agreement of PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(d)(1)
|
|
|
|
|
|
10(c)(1)
|
|
PJM West Reliability Assurance Agreement among Load Serving Entities in the PJM West service area.
|
|
2004 Form 10-K, Ex 10(d)(2)
|
|
|
|
|
|
10(c)(2)
|
|
Master Setoff and Netting Agreement among PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(d)(3)
|
|
|
|
|
|
10(d)
|
|
Consent Decree with U.S. District Court, as modified.
|
|
Form 8-K, Ex 10.1 dated October 9, 2007
Form 10-Q, Ex 10, June 30, 2013 |
|
|
|
|
|
*12
|
|
Statement re: Computation of Ratios.
|
|
|
|
|
|
|
|
*13
|
|
Copy of those portions of the APCo 2016 Annual Report (for the fiscal year ended December 31, 2016) which are incorporated by reference in this filing.
|
|
|
|
|
|
|
|
*23
|
|
Consent of Deloitte & Touche LLP.
|
|
|
|
|
|
|
|
*24
|
|
Power of Attorney.
|
|
|
|
|
|
|
|
*31(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*31(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*32(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
*32(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema.
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase.
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase.
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase.
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase.
|
|
|
|
|
|
|
|
I&M‡ File No. 1-3570
|
|
|
||
|
|
|
|
|
3(a)
|
|
Composite of the Amended Articles of Acceptance of I&M, dated of March 7, 1997.
|
|
1996 Form 10-K, Ex 3(c)
|
|
|
|
|
|
3(b)
|
|
Composite By-Laws of I&M, amended as of February 26, 2008.
|
|
2007 Form 10-K, Ex 3(b)
|
|
|
|
|
|
4(a)
|
|
Indenture (for unsecured debt securities), dated as of October 1, 1998, between I&M and The Bank of New York, as Trustee.
|
|
Registration Statement No. 333-88523, Ex 4(a)(b)(c)
Registration Statement No. 333-58656, Ex 4(b)(c) Registration Statement No. 333-108975, Ex 4(b)(c)(d) Registration Statement No. 333-136538, Ex 4(b)(c) Registration Statement No. 333-156182, Ex 4(b) Registration Statement No. 333-185087, Ex 4(b) Registration Statement No. 333-207836, Ex 4(b) |
|
|
|
|
|
4 (b)
|
|
Company Order and Officers Certificate to The Bank of New York Mellon Trust Company, N.A. dated March 3, 2016 of 4.55% Series K due 2046.
|
|
Form 8-K, Ex 4(a) dated March 3, 2016
|
|
|
|
|
|
10(a)
|
|
Inter-Company Power Agreement, dated as of July 10, 1953, among OVEC and the Sponsoring Companies, as amended September 10, 2010.
|
|
2013 Form 10-K, Ex 10(a)
|
|
|
|
|
|
10(b)
|
|
Unit Power Agreement dated as of March 31, 1982 between AEGCo and I&M, as amended.
|
|
Registration Statement No. 33-32752,
Ex 28(b)(1)(A)(B) |
|
|
|
|
|
10(c)
|
|
Transmission Agreement, effective November 2010, among APCo, CSPCo, I&M, KGPCo, KPCo, OPCo and WPCo with AEPSC as agent.
|
|
2013 Form 10-K, Ex 10(c)
|
|
|
|
|
|
10(d)
|
|
Amended and Restated Operating Agreement of PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(d)(1)
|
|
|
|
|
|
10(d)(1)
|
|
PJM West Reliability Assurance Agreement among Load Serving Entities in the PJM West service area.
|
|
2004 Form 10-K, Ex 10(d)(2)
|
|
|
|
|
|
10(d)(2)
|
|
Master Setoff and Netting Agreement among PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(d)(3)
|
|
|
|
|
|
10(e)
|
|
Consent Decree with U.S. District Court, as modified.
|
|
Form 8-K, Ex 10.1 dated October 9, 2007
Form 10-Q, Ex 10, June 30, 2013 |
|
|
|
|
|
10(f)
|
|
Lease Agreements, dated as of December 1, 1989, between I&M and Wilmington Trust Company, as amended.
|
|
Registration Statement No. 33-32753, Ex 28(a)(1-6)(C)
1993 Form 10-K, Ex 10(e)(1-6)(B) |
|
|
|
|
|
*12
|
|
Statement re: Computation of Ratios.
|
|
|
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
*13
|
|
Copy of those portions of the I&M 2016 Annual Report (for the fiscal year ended December 31, 2016) which are incorporated by reference in this filing.
|
|
|
|
|
|
|
|
*23
|
|
Consent of Deloitte & Touche LLP.
|
|
|
|
|
|
|
|
*24
|
|
Power of Attorney.
|
|
|
|
|
|
|
|
*31(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*31(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*32(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*32(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema.
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase.
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase.
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase.
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase.
|
|
|
|
|
|
||
OPCo‡ File No.1-6543
|
|
|
||
|
|
|
|
|
3(a)
|
|
Composite of the Amended Articles of Incorporation of OPCo, dated June 3, 2002.
|
|
Form 10-Q, Ex 3(e), June 30, 2002
|
|
|
|
|
|
3(b)
|
|
Amended Code of Regulations of OPCo.
|
|
Form 10-Q, Ex 3(b), June 30, 2008
|
|
|
|
|
|
4(a)
|
|
Indenture (for unsecured debt securities), dated as of September 1, 1997, between OPCo and Bankers Trust Company (now Deutsche Bank Trust Company Americas), as Trustee.
|
|
Registration Statement No. 333-49595, Ex 4(a)(b)(c)
Registration Statement No. 333-106242, Ex 4(b)(c)(d) Registration Statement No. 333-75783, Ex 4(b)(c) Registration Statement No. 333-127913, Ex 4(b)(c) Registration Statement No. 333-139802, Ex 4(a)(b)(c) Registration Statement No. 333-139802, Ex 4(b)(c)(d) Registration Statement No. 333-161537, Ex 4(b)(c)(d) Registration Statement No. 333-211192, Ex 4(b) |
|
|
|
|
|
4(c)
|
|
Indenture (for unsecured debt securities), dated as of February 1, 2003, between OPCo and Bank One, N.A., as Trustee.
|
|
Registration Statement No. 333-127913, Ex 4(d)(e)(f)
|
|
|
|
|
|
4(d)
|
|
Indenture (for unsecured debt securities), dated as of September 1, 1997, between CSPCo (predecessor in interest to OPCo) and Bankers Trust Company, as Trustee.
|
|
Registration Statement No. 333-54025, Ex 4(a)(b)(c)(d)
Registration Statement No. 333-128174, Ex 4(b)(c)(d) Registration Statement No. 333-150603. Ex 4(b) |
|
|
|
|
|
4(e)
|
|
Indenture (for unsecured debt securities), dated as of February 1, 2003, between CSPCo (predecessor in interest to OPCo) and Bank One, N.A., as Trustee.
|
|
Registration Statement No. 333-128174, Ex 4(e)(f)(g)
Registration Statement No. 333-150603 Ex 4(b) |
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
4(f)
|
|
First Supplemental Indenture, dated as of December 31, 2011, by and between OPCo and Deutsche Bank Trust Company Americas, as trustee, supplementing the Indenture dated as of September 1, 1997 between CSPCo (predecessor in interest to OPCo) and the trustee.
|
|
Form 8-K, Ex 4.1 dated January 6, 2012
|
|
|
|
|
|
4(g)
|
|
Third Supplemental Indenture, dated as of December 31, 2011, by and between OPCo and The Bank of New York Mellon Trust Company, N.A., as trustee, supplementing the Indenture dated as of February 14, 2003 between CSPCo (predecessor in interest to OPCo) and the trustee.
|
|
Form 8-K, Ex 4.2 dated January 6, 2012
|
|
|
|
|
|
4(h)
|
|
CSPCo (predecessor in interest to OPCo) Company Order and Officer’s Certificate to Deutsche Bank Trust Company Americas, dated May 16, 2008, establishing terms of 6.05% Senior Notes, Series G, due 2018.
|
|
Form 8-K, Ex 4(a), dated May 16, 2008
|
|
|
|
|
|
10(a)
|
|
Inter-Company Power Agreement, dated July 10, 1953, among OVEC and the Sponsoring Companies, as amended September 10, 2010.
|
|
2013 Form 10-K, Ex 10(a)
|
|
|
|
|
|
10(b)
|
|
Transmission Agreement, effective November 2010, among APCo, CSPCo, I&M, KGPCo, KPCo, OPCo and WPCo with AEPSC as agent.
|
|
2013 Form 10-K, Ex 10(a)
|
|
|
|
|
|
10(c)
|
|
Amended and Restated Operating Agreement of PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(d)(1)
|
|
|
|
|
|
10(d)
|
|
PJM West Reliability Assurance Agreement among Load Serving Entities in the PJM West service area.
|
|
2004 Form 10-K, Ex 10(d)(2)
|
|
|
|
|
|
10(e)
|
|
Master Setoff and Netting Agreement among PJM and AEPSC on behalf of APCo, CSPCo, I&M, KPCo, OPCo, KGPCo and WPCo.
|
|
2004 Form 10-K, Ex 10(d)(3)
|
|
|
|
|
|
10(f)
|
|
Consent Decree with U.S. District Court, as modified.
|
|
Form 8-K, Item Ex 10.1 dated October 9, 2007
Form 10-Q, Ex 10, June 30, 2013 |
|
|
|
|
|
*12
|
|
Statement re: Computation of Ratios.
|
|
|
|
|
|
|
|
*13
|
|
Copy of those portions of the OPCo 2016 Annual Report (for the fiscal year ended December 31, 2016) which are incorporated by reference in this filing.
|
|
|
|
|
|
|
|
*24
|
|
Power of Attorney.
|
|
|
|
|
|
|
|
*31(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*31(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*32(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*32(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*95
|
|
Mine Safety Disclosure.
|
|
|
|
|
|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
|
|
||
101.INS
|
|
XBRL Instance Document.
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema.
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase.
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase.
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase.
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase.
|
|
|
|
|
|
||
PSO‡ File No. 0-343
|
|
|
||
|
|
|
|
|
3(a)
|
|
Certificate of Amendment to Restated Certificate of Incorporation of PSO.
|
|
Form 10-Q, Ex 3(a), June 30, 2008
|
|
|
|
|
|
3(b)
|
|
Composite By-Laws of PSO amended as of February 26, 2008.
|
|
2007 Form 10-K, Ex 3 (b)
|
|
|
|
|
|
4(a)
|
|
Indenture (for unsecured debt securities), dated as of November 1, 2000, between PSO and The Bank of New York, as Trustee.
|
|
Registration Statement No. 333-100623, Ex 4(a)(b)
Registration Statement No. 333-114665, Ex 4(b)(c) Registration Statement No. 333-133548, Ex 4(b)(c) Registration Statement No. 333-156319, Ex 4(b)(c) |
|
|
|
|
|
4(b)
|
|
Eighth Supplemental Indenture, dated as of November 13, 2009 between PSO and The Bank of New York Mellon, as Trustee, establishing terms of the 5.15% Senior Notes, Series H, due 2019.
|
|
Form 8-K, Ex 4(a), dated November 13, 2009
|
|
|
|
|
|
4(c)
|
|
Ninth Supplemental Indenture, dated as of January 19, 2011 between PSO and The Bank of New York Mellon Trust Company, N.A., as Trustee, establishing terms of 4.40% Senior Notes, Series I, due 2021.
|
|
Form 8-K, Ex 4(a) dated January 20, 2011
|
|
|
|
|
|
10(a)
|
|
Third Restated and Amended Transmission Coordination Agreement Between PSO, SWEPCo and AEPSC dated February 18, 2011.
|
|
2012 Form 10-K, Ex 10(b)
|
|
|
|
|
|
*12
|
|
Statement re: Computation of Ratios.
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|
|
|
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|
*13
|
|
Copy of those portions of the PSO 2016 Annual Report (for the fiscal year ended December 31, 2016) which are incorporated by reference in this filing.
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|
|
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|
|
|
*24
|
|
Power of Attorney.
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|
|
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|
*31(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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|
|
|
|
|
|
*31(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
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|
|
|
|
|
|
*32(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*32(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema.
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase.
|
|
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|
|
|
Exhibit
Designation
|
|
Nature of Exhibit
|
|
Previously Filed as Exhibit to:
|
|
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|
||
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase.
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase.
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase.
|
|
|
|
|
|
||
SWEPCo‡ File No. 1-3146
|
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|
||
|
|
|
|
|
3(a)
|
|
Composite of Amended Restated Certificate of Incorporation of SWEPCo.
|
|
2008 Form 10-K, Ex 3(a)
|
|
|
|
|
|
3(b)
|
|
Composite By-Laws of SWEPCo amended as of February 26, 2008.
|
|
2007 Form 10-K, Ex 3(b)
|
|
|
|
|
|
4(a)
|
|
Indenture (for unsecured debt securities), dated as of February 4, 2000, between SWEPCo and The Bank of New York, as Trustee.
|
|
Registration Statement No. 333-96213
Registration Statement No. 333-87834, Ex 4(a)(b) Registration Statement No. 333-100632, Ex 4(b) Registration Statement No. 333-108045, Ex 4(b) Registration Statement No. 333-145669, Ex 4(c)(d) Registration Statement No. 333-161539, Ex 4(b)(c) Registration Statement No. 333-194991, Ex 4(b)(c) Registration Statement No. 333-208535, Ex 4(b)(c) |
|
|
|
|
|
4(b)
|
|
Eleventh Supplemental Indenture, dated as of September 26, 2016 between SWEPCo and The Bank of New York Mellon Trust Company, N.A., as Trustee, establishing terms of the 2.75% Senior Notes, Series K, due 2026.
|
|
Form 8-K, Ex 4(a) dated September 29, 2016
|
|
|
|
|
|
10(a)
|
|
Third Restated and Amended Transmission Coordination Agreement Between PSO, SWEPCo and AEPSC dated February 18, 2011.
|
|
2012 Form 10-K, Ex 10(b)
|
|
|
|
|
|
*12
|
|
Statement re: Computation of Ratios.
|
|
|
|
|
|
|
|
*13
|
|
Copy of those portions of the SWEPCo 2016 Annual Report (for the fiscal year ended December 31, 2016) which are incorporated by reference in this filing.
|
|
|
|
|
|
|
|
*24
|
|
Power of Attorney.
|
|
|
|
|
|
|
|
*31(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*31(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
|
|
|
|
|
|
|
|
*32(a)
|
|
Certification of Chief Executive Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*32(b)
|
|
Certification of Chief Financial Officer Pursuant to Section 1350 of Chapter 63 of Title 18 of the United States Code.
|
|
|
|
|
|
|
|
*95
|
|
Mine Safety Disclosure.
|
|
|
|
|
|
|
|
101.INS
|
|
XBRL Instance Document.
|
|
|
|
|
|
|
|
101.SCH
|
|
XBRL Taxonomy Extension Schema.
|
|
|
|
|
|
|
|
101.CAL
|
|
XBRL Taxonomy Extension Calculation Linkbase.
|
|
|
|
|
|
|
|
101.DEF
|
|
XBRL Taxonomy Extension Definition Linkbase.
|
|
|
|
|
|
|
|
101.LAB
|
|
XBRL Taxonomy Extension Label Linkbase.
|
|
|
|
|
|
|
|
101.PRE
|
|
XBRL Taxonomy Extension Presentation Linkbase.
|
|
|
No information found
* THE VALUE IS THE MARKET VALUE AS OF THE LAST DAY OF THE QUARTER FOR WHICH THE 13F WAS FILED.
FUND | NUMBER OF SHARES | VALUE ($) | PUT OR CALL |
---|
DIRECTORS | AGE | BIO | OTHER DIRECTOR MEMBERSHIPS |
---|
No information found
Customers
Price
Yield
Owner | Position | Direct Shares | Indirect Shares |
---|