Chapter 5 – Utility Company Balance Sheet

ALLIANT ENERGY CORPORATION

CONSOLIDATED BALANCE SHEETS

Consolidated Balance Sheets (USD $)
In Millions, unless otherwise specified / Dec. 31, 2012 / Dec. 31, 2011
Utility:
Electric plant in service / $ 9,070.7 / $ 8,165.4
Gas plant in service / 878.4 / 852.9
Other plant in service / 506.2 / 510.1
Accumulated depreciation (accum. depr.) / (3,513.0) / (3,206.0)
Net plant / 6,942.3 / 6,322.4
Construction work in progress:
Columbia Energy Center Units 1 and 2 emission controls (WPL) / 130.4 / 9.0
Ottumwa Generating Station Unit 1 emission controls (IPL) / 73.7 / 7.7
George Neal Generating Station Units 3 and 4 emission controls (IPL) / 66.9 / 8.3
Other / 147.8 / 232.2
Other, less accum. depr. / 21.2 / 34.9
Total utility / 7,382.3 / 6,614.5
Non-regulated and other:
Non-regulated Generation, less accum. depr. / 258.6 / 270.6
Alliant Energy Corporate Services, Inc. and other, less accum. depr. / 197.1 / 148.2
Total non-regulated and other / 455.7 / 418.8
Total property, plant and equipment / 7,838.0 / 7,033.3
Current assets:
Cash and cash equivalents / 21.2 / 11.4
Accounts receivable, less allowance for doubtul accounts:
Customer / 94.9 / 88.1
Unbilled utility revenues / 81.4 / 75.1
Other / 209.4 / 114.9
Income tax refunds receivable / 18.2 / 39.1
Production fuel, at weighted average cost / 103.1 / 101.9
Materials and supplies, at weighted average cost / 63.1 / 58.5
Gas stored underground, at weighted average cost / 37.7 / 57.7
Regulatory assets / 83.5 / 103.6
Prepaid gross receipts tax / 40.4 / 40.2
Deferred income tax assets / 170.2 / 22.8
Assets held for sale / 27.9 / 119.6
Prepayments and other / 43.3 / 37.7
Total current assets / 994.3 / 870.6
Investments:
Investment in American Transmission Company LLC / 257.0 / 238.8
Other / 62.0 / 61.9
Total investments / 319.0 / 300.7
Other assets:
Regulatory assets / 1,528.9 / 1,391.4
Deferred charges and other / 105.3 / 91.9
Total other assets / 1,634.2 / 1,483.3
Total assets / 10,785.5 / 9,687.9
Capitalization:
Common stock / 1.1 / 1.1
Additional paid-in capital / 1,511.2 / 1,510.8
Retained earnings / 1,630.7 / 1,510.2
Accumulated other comprehensive loss / (0.8) / (0.8)
Shares in deferred compensation trust - 216,030 and 262,735 shares at a weighted average cost of $33.61 and $31.68 per share / (7.3) / (8.3)
Total common equity / 3,134.9 / 3,013.0
Cumulative preferred stock of Interstate Power and Light Company / 145.1 / 145.1
Noncontrolling interest / 1.8 / 1.8
Total equity / 3,281.8 / 3,159.9
Cumulative preferred stock of Wisconsin Power and Light Company / 60.0 / 60.0
Long-term debt, net (excluding current portion) / 3,136.6 / 2,703.1
Total capitalization / 6,478.4 / 5,923.0
Current liabilities:
Current maturities of long-term debt / 1.5 / 1.4
Commercial paper / 217.5 / 102.8
Accounts payable / 339.3 / 267.8
Regulatory liabilities / 189.7 / 164.7
Accrued taxes / 48.0 / 46.9
Accrued interest / 48.0 / 46.6
Derivative liabilities / 31.1 / 55.9
Liabilities held for sale / 31.4 / 62.1
Other / 113.5 / 107.0
Total current liabilities / 1,020.0 / 855.2
Other long-term liabilities and deferred credits:
Deferred income tax liabilities / 1,934.2 / 1,592.2
Regulatory liabilities / 726.4 / 745.4
Pension and other benefit obligations / 364.0 / 312.7
Other / 262.5 / 259.4
Total long-term liabilities and deferred credits / 3,287.1 / 2,909.7
Total capitalization and liabilities / 10,785.5 / 9,687.9
IPL [Member]
Utility:
Electric plant in service / 4,815.2 / 4,684.0
Gas plant in service / 441.4 / 428.2
Other plant in service / 289.1 / 281.3
Accumulated depreciation (accum. depr.) / (1,930.7) / (1,833.8)
Net plant / 3,615.0 / 3,559.7
Construction work in progress:
Ottumwa Generating Station Unit 1 emission controls (IPL) / 73.7 / 7.7
George Neal Generating Station Units 3 and 4 emission controls (IPL) / 66.9 / 8.3
Other / 82.8 / 80.6
Other, less accum. depr. / 19.8 / 19.8
Non-regulated and other:
Total property, plant and equipment / 3,858.2 / 3,676.1
Current assets:
Cash and cash equivalents / 4.5 / 2.1
Accounts receivable, less allowance for doubtul accounts:
Customer / 95.0 / 75.2
Income tax refunds receivable / 14.9 / 28.4
Production fuel, at weighted average cost / 75.2 / 67.7
Materials and supplies, at weighted average cost / 33.3 / 31.5
Gas stored underground, at weighted average cost / 17.2 / 25.5
Regulatory assets / 47.6 / 59.0
Deferred income tax assets / 79.3 / 13.5
Prepayments and other / 24.6 / 20.2
Total current assets / 391.6 / 323.1
Investments:
Total investments / 17.6 / 16.8
Other assets:
Regulatory assets / 1,170.3 / 1,058.3
Deferred charges and other / 19.3 / 19.2
Total other assets / 1,189.6 / 1,077.5
Total assets / 5,457.0 / 5,093.5
Capitalization:
Common stock / 33.4 / 33.4
Additional paid-in capital / 1,037.8 / 927.7
Retained earnings / 448.0 / 433.3
Total common equity / 1,519.2 / 1,394.4
Cumulative preferred stock of Interstate Power and Light Company / 145.1 / 145.1
Total equity / 1,664.3 / 1,539.5
Long-term debt, net (excluding current portion) / 1,359.5 / 1,309.0
Total capitalization / 3,023.8 / 2,848.5
Current liabilities:
Current maturities of long-term debt / 0 / 0
Commercial paper / 26.3 / 7.1
Accounts payable / 163.2 / 118.2
Accounts payable to associated companies / 29.3 / 36.7
Regulatory liabilities / 130.1 / 137.1
Accrued taxes / 46.8 / 43.8
Accrued interest / 22.8 / 22.8
Derivative liabilities / 14.1 / 24.5
Other / 36.2 / 32.3
Total current liabilities / 468.8 / 422.5
Other long-term liabilities and deferred credits:
Deferred income tax liabilities / 1,087.3 / 936.9
Regulatory liabilities / 571.3 / 584.2
Pension and other benefit obligations / 122.9 / 101.9
Other / 182.9 / 199.5
Total long-term liabilities and deferred credits / 1,964.4 / 1,822.5
Total capitalization and liabilities / 5,457.0 / 5,093.5
WPL [Member]
Utility:
Electric plant in service / 4,255.5 / 3,481.4
Gas plant in service / 437.0 / 424.7
Other plant in service / 217.1 / 228.8
Accumulated depreciation (accum. depr.) / (1,582.3) / (1,372.2)
Net plant / 3,327.3 / 2,762.7
Leased Sheboygan Falls Energy Facility, less accumulated amortization of $46.7 and $40.6 / 77.0 / 83.2
Construction work in progress:
Columbia Energy Center Units 1 and 2 emission controls (WPL) / 130.4 / 9.0
Other / 65.0 / 151.6
Other, less accum. depr. / 1.4 / 15.1
Non-regulated and other:
Total property, plant and equipment / 3,601.1 / 3,021.6
Current assets:
Cash and cash equivalents / 0.7 / 2.7
Accounts receivable, less allowance for doubtul accounts:
Customer / 83.3 / 76.2
Unbilled utility revenues / 81.4 / 75.1
Other / 48.5 / 38.2
Production fuel, at weighted average cost / 27.9 / 34.2
Materials and supplies, at weighted average cost / 28.5 / 25.7
Gas stored underground, at weighted average cost / 20.5 / 32.2
Regulatory assets / 35.9 / 44.6
Prepaid gross receipts tax / 40.4 / 40.2
Deferred income tax assets / 85.6 / 6.0
Prepayments and other / 16.0 / 10.9
Total current assets / 468.7 / 386.0
Investments:
Investment in American Transmission Company LLC / 257.0 / 238.8
Other / 19.6 / 19.8
Total investments / 276.6 / 258.6
Other assets:
Regulatory assets / 358.6 / 333.1
Deferred charges and other / 57.6 / 44.7
Total other assets / 416.2 / 377.8
Total assets / 4,762.6 / 4,044.0
Capitalization:
Common stock / 66.2 / 66.2
Additional paid-in capital / 959.2 / 869.0
Retained earnings / 557.6 / 507.2
Total common equity / 1,583.0 / 1,442.4
Cumulative preferred stock of Wisconsin Power and Light Company / 60.0 / 60.0
Long-term debt, net (excluding current portion) / 1,331.5 / 1,082.2
Total capitalization / 2,974.5 / 2,584.6
Current liabilities:
Current maturities of long-term debt / 0 / 0
Commercial paper / 86.6 / 25.7
Accounts payable / 126.4 / 98.5
Accounts payable to associated companies / 13.2 / 20.5
Regulatory liabilities / 59.6 / 27.6
Accrued taxes / 28.3 / 9.1
Accrued interest / 22.2 / 21.6
Derivative liabilities / 17.0 / 31.4
Other / 32.2 / 23.2
Total current liabilities / 385.5 / 257.6
Other long-term liabilities and deferred credits:
Deferred income tax liabilities / 844.1 / 672.5
Regulatory liabilities / 155.1 / 161.2
Capital lease obligations - Sheboygan Falls Energy Facility / 99.1 / 103.3
Pension and other benefit obligations / 159.7 / 128.0
Other / 144.6 / 136.8
Total long-term liabilities and deferred credits / 1,402.6 / 1,201.8
Total capitalization and liabilities / $ 4,762.6 / $ 4,044.0

AMERICAN ELECTRIC POWER CO. INC.

Consolidated Balance Sheets (USD $) / Dec. 31, 2012 / Dec. 31, 2011
Current Assets
Cash and Cash Equivalents / $ 279,000,000 / $ 221,000,000
Other Temporary Investments / 324,000,000 / 294,000,000
Accounts Receivable:
Customers / 685,000,000 / 690,000,000
Accrued Unbilled Revenues / 195,000,000 / 106,000,000
Pledged Accounts Receivable - AEP Credit / 856,000,000 / 920,000,000
Miscellaneous / 171,000,000 / 150,000,000
Allowance for Uncollectible Accounts / (36,000,000) / (32,000,000)
Total Accounts Receivable / 1,871,000,000 / 1,834,000,000
Fuel / 844,000,000 / 657,000,000
Materials and Supplies / 675,000,000 / 635,000,000
Risk Management Assets / 191,000,000 / 193,000,000
Regulatory Asset for Under-Recovered Fuel Costs / 88,000,000 / 65,000,000
Margin Deposits / 76,000,000 / 67,000,000
Prepayments and Other Current Assets / 241,000,000 / 216,000,000
TOTAL CURRENT ASSETS / 4,589,000,000 / 4,182,000,000
Property, Plant and Equipment
Generation / 26,279,000,000 / 24,938,000,000
Transmission / 9,846,000,000 / 9,048,000,000
Distribution / 15,565,000,000 / 14,783,000,000
Other Property, Plant and Equipment / 3,945,000,000 / 3,780,000,000
Construction Work in Progress / 1,819,000,000 / 3,121,000,000
Total Property, Plant and Equipment / 57,454,000,000 / 55,670,000,000
Accumulated Depreciation and Amortization / 18,691,000,000 / 18,699,000,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET / 38,763,000,000 / 36,971,000,000
Other Noncurrent Assets
Regulatory Assets / 5,106,000,000 / 6,026,000,000
Securitized Transition Assets / 2,117,000,000 / 1,627,000,000
Spent Nuclear Fuel and Decommissioning Trusts / 1,706,000,000 / 1,592,000,000
Goodwill / 91,000,000 / 76,000,000
Long-term Risk Management Assets / 368,000,000 / 403,000,000
Deferred Charges and Other Noncurrent Assets / 1,627,000,000 / 1,346,000,000
TOTAL OTHER NONCURRENT ASSETS / 11,015,000,000 / 11,070,000,000
TOTAL ASSETS / 54,367,000,000 / 52,223,000,000
Current Liabilities
Accounts Payable / 1,169,000,000 / 1,095,000,000
Short-term Debt:
Securitized Debt for Receivable - AEP Credit / 657,000,000 / [1] / 666,000,000 / [1]
Other Short-term Debt / 324,000,000 / 984,000,000
Total Short-term Debt / 981,000,000 / 1,650,000,000
Long-term Debt Due Within One Year / 2,171,000,000 / 1,433,000,000
Risk Management Liabilities / 155,000,000 / 150,000,000
Customer Deposits / 316,000,000 / 289,000,000
Accrued Taxes / 747,000,000 / 717,000,000
Accrued Interest / 269,000,000 / 279,000,000
Obligations Under Capital Leases / 74,000,000 / 74,000,000
Regulatory Liability for Over-Recovered Fuel Costs / 47,000,000 / 8,000,000
Other Current Liabilities / 968,000,000 / 990,000,000
TOTAL CURRENT LIABILITIES / 6,823,000,000 / 6,611,000,000
Noncurrent Liabilities
Long-term Debt / 15,586,000,000 / 15,083,000,000
Long-term Risk Management Liabilities / 214,000,000 / 195,000,000
Deferred Income Taxes / 9,252,000,000 / 8,227,000,000
Regulatory Liabilities and Deferred Investment Tax Credits / 3,544,000,000 / 3,195,000,000
Asset Retirement Obligations / 1,696,000,000 / 1,472,000,000
Employee Benefits and Pension Obligations / 1,075,000,000 / 1,801,000,000
Obligations Under Capital Leases / 375,000,000 / 384,000,000
Deferred Credits and Other Noncurrent Liabilities / 940,000,000 / 974,000,000
TOTAL NONCURRENT LIABILITIES / 32,307,000,000 / 30,947,000,000
TOTAL LIABILITIES / 39,130,000,000 / 37,558,000,000
Rate Matters
Commitments and Contingencies
Equity
Common Stock / 3,289,000,000 / 3,274,000,000
Paid-in Capital / 6,049,000,000 / 5,970,000,000
Retained Earnings / 6,236,000,000 / 5,890,000,000
Accumulated Other Comprehensive Income (Loss) / (337,000,000) / (470,000,000)
TOTAL COMMON SHAREHOLDER'S EQUITY / 15,237,000,000 / 14,664,000,000
Noncontrolling Interest / 0 / 1,000,000
TOTAL EQUITY / 15,237,000,000 / 14,665,000,000
TOTAL LIABILITIES AND EQUITY / 54,367,000,000 / 52,223,000,000
Appalachian Power Co [Member]
Current Assets
Cash and Cash Equivalents / 3,576,000 / 2,317,000
Advances to Affiliates / 23,024,000 / 22,008,000
Accounts Receivable:
Customers / 158,380,000 / 158,382,000
Affiliated Companies / 96,213,000 / 136,194,000
Accrued Unbilled Revenues / 70,825,000 / 68,427,000
Miscellaneous / 1,344,000 / 5,505,000
Allowance for Uncollectible Accounts / (6,087,000) / (5,289,000)
Total Accounts Receivable / 320,675,000 / 363,219,000
Fuel / 185,813,000 / 143,931,000
Materials and Supplies / 105,208,000 / 101,724,000
Risk Management Assets / 30,960,000 / 39,645,000
Accrued Tax Benefits / 50,032,000 / 7,715,000
Regulatory Asset for Under-Recovered Fuel Costs / 74,906,000 / 41,105,000
Prepayments and Other Current Assets / 18,690,000 / 21,745,000
TOTAL CURRENT ASSETS / 812,884,000 / 743,409,000
Property, Plant and Equipment
Generation / 5,632,665,000 / 5,194,967,000
Transmission / 2,042,144,000 / 1,943,969,000
Distribution / 2,991,898,000 / 2,845,405,000
Other Property, Plant and Equipment / 373,327,000 / 357,326,000
Construction Work in Progress / 266,247,000 / 565,841,000
Total Property, Plant and Equipment / 11,306,281,000 / 10,907,508,000
Accumulated Depreciation and Amortization / 3,196,639,000 / 2,994,016,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET / 8,109,642,000 / 7,913,492,000
Other Noncurrent Assets
Regulatory Assets / 1,435,704,000 / 1,481,193,000
Long-term Risk Management Assets / 34,360,000 / 39,226,000
Deferred Charges and Other Noncurrent Assets / 115,078,000 / 122,187,000
TOTAL OTHER NONCURRENT ASSETS / 1,585,142,000 / 1,642,606,000
TOTAL ASSETS / 10,507,668,000 / 10,299,507,000
Current Liabilities
Advances from Affiliates / 173,965,000 / 198,248,000
Accounts Payable / 195,203,000 / 186,612,000
Affiliated Companies / 137,088,000 / 137,376,000
Short-term Debt:
Long-term Debt Due Within One Year / 574,679,000 / 594,525,000
Risk Management Liabilities / 16,698,000 / 26,606,000
Customer Deposits / 67,339,000 / 61,690,000
Deferred Income Taxes / 11,715,000 / 14,255,000
Accrued Taxes / 74,967,000 / 63,422,000
Accrued Interest / 51,442,000 / 57,230,000
Obligations Under Capital Leases / 6,085,000 / 7,734,000
Regulatory Liability for Over-Recovered Fuel Costs / 0 / 0
Other Current Liabilities / 110,657,000 / 105,646,000
TOTAL CURRENT LIABILITIES / 1,413,753,000 / 1,445,610,000
Noncurrent Liabilities
Long-term Debt / 3,127,763,000 / 3,131,726,000
Long-term Risk Management Liabilities / 18,476,000 / 12,923,000
Deferred Income Taxes / 1,928,683,000 / 1,736,180,000
Regulatory Liabilities and Deferred Investment Tax Credits / 607,680,000 / 576,792,000
Employee Benefits and Pension Obligations / 204,207,000 / 302,182,000
Obligations Under Capital Leases / 16,375,000 / 19,293,000
Deferred Credits and Other Noncurrent Liabilities / 154,544,000 / 157,680,000
TOTAL NONCURRENT LIABILITIES / 6,041,353,000 / 5,917,483,000
TOTAL LIABILITIES / 7,455,106,000 / 7,363,093,000
Rate Matters
Commitments and Contingencies
Equity
Common Stock / 260,458,000 / 260,458,000
Paid-in Capital / 1,573,752,000 / 1,573,752,000
Retained Earnings / 1,248,250,000 / 1,160,747,000
Accumulated Other Comprehensive Income (Loss) / (29,898,000) / (58,543,000)
TOTAL EQUITY / 3,052,562,000 / 2,936,414,000
TOTAL LIABILITIES AND EQUITY / 10,507,668,000 / 10,299,507,000
Indiana Michigan Power Co [Member]
Current Assets
Cash and Cash Equivalents / 1,562,000 / 1,020,000
Advances to Affiliates / 116,977,000 / 95,714,000
Accounts Receivable:
Customers / 61,776,000 / 72,461,000
Affiliated Companies / 79,886,000 / 90,980,000
Accrued Unbilled Revenues / 11,218,000 / 14,780,000
Miscellaneous / 12,260,000 / 22,685,000
Allowance for Uncollectible Accounts / (229,000) / (1,750,000)
Total Accounts Receivable / 164,911,000 / 199,156,000
Fuel / 53,406,000 / 52,979,000
Materials and Supplies / 195,147,000 / 175,924,000
Risk Management Assets / 26,974,000 / 32,152,000
Accrued Tax Benefits / 20,547,000 / 38,425,000
Regulatory Asset for Under-Recovered Fuel Costs / 4,676,000 / 8,876,000
Deferred Cook Plant Fire Costs / 80,000,000 / 63,809,000
Prepayments and Other Current Assets / 62,723,000 / 35,395,000
TOTAL CURRENT ASSETS / 722,247,000 / 694,574,000
Property, Plant and Equipment
Generation / 4,062,733,000 / 3,932,472,000
Transmission / 1,278,236,000 / 1,224,786,000
Distribution / 1,553,358,000 / 1,481,608,000
Other Property, Plant and Equipment / 725,313,000 / 709,558,000
Construction Work in Progress / 341,063,000 / 236,096,000
Total Property, Plant and Equipment / 7,960,703,000 / 7,584,520,000
Accumulated Depreciation and Amortization / 3,232,135,000 / 3,179,920,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET / 4,728,568,000 / 4,404,600,000
Other Noncurrent Assets
Regulatory Assets / 540,019,000 / 602,979,000
Spent Nuclear Fuel and Decommissioning Trusts / 1,705,772,000 / 1,591,732,000
Long-term Risk Management Assets / 23,569,000 / 29,362,000
Deferred Charges and Other Noncurrent Assets / 111,364,000 / 69,309,000
TOTAL OTHER NONCURRENT ASSETS / 2,380,724,000 / 2,293,382,000
TOTAL ASSETS / 7,831,539,000 / 7,392,556,000
Current Liabilities
Accounts Payable / 208,701,000 / 113,063,000
Affiliated Companies / 104,631,000 / 81,102,000
Short-term Debt:
Long-term Debt Due Within One Year / 203,953,000 / 279,075,000
Risk Management Liabilities / 31,517,000 / 16,980,000
Customer Deposits / 31,142,000 / 30,696,000
Accrued Taxes / 67,675,000 / 65,233,000
Accrued Interest / 26,859,000 / 27,798,000
Obligations Under Capital Leases / 5,803,000 / 7,916,000
Regulatory Liability for Over-Recovered Fuel Costs / 0 / 25,000
Other Current Liabilities / 122,053,000 / 117,879,000
TOTAL CURRENT LIABILITIES / 796,531,000 / 731,826,000
Noncurrent Liabilities
Long-term Debt / 1,853,713,000 / 1,778,600,000
Long-term Risk Management Liabilities / 13,898,000 / 18,871,000
Deferred Income Taxes / 1,019,160,000 / 925,712,000
Regulatory Liabilities and Deferred Investment Tax Credits / 948,292,000 / 875,202,000
Asset Retirement Obligations / 1,192,313,000 / 1,013,122,000
Obligations Under Capital Leases / 22,842,000 / 23,117,000
Deferred Credits and Other Noncurrent Liabilities / 203,857,000 / 288,243,000
TOTAL NONCURRENT LIABILITIES / 5,231,233,000 / 4,899,750,000
TOTAL LIABILITIES / 6,027,764,000 / 5,631,576,000
Rate Matters
Commitments and Contingencies
Equity
Common Stock / 56,584,000 / 56,584,000
Paid-in Capital / 980,896,000 / 980,896,000
Retained Earnings / 795,178,000 / 751,721,000
Accumulated Other Comprehensive Income (Loss) / (28,883,000) / (28,221,000)
TOTAL EQUITY / 1,803,775,000 / 1,760,980,000
TOTAL LIABILITIES AND EQUITY / 7,831,539,000 / 7,392,556,000
Ohio Power Co [Member]
Current Assets
Cash and Cash Equivalents / 3,640,000 / 2,095,000
Advances to Affiliates / 116,422,000 / 219,458,000
Accounts Receivable:
Customers / 135,954,000 / 146,432,000
Affiliated Companies / 176,590,000 / 162,830,000
Accrued Unbilled Revenues / 57,887,000 / 19,012,000
Miscellaneous / 9,327,000 / 16,994,000
Allowance for Uncollectible Accounts / (129,000) / (3,563,000)
Total Accounts Receivable / 379,629,000 / 341,705,000
Fuel / 328,840,000 / 262,886,000
Materials and Supplies / 186,269,000 / 201,325,000
Risk Management Assets / 44,313,000 / 54,293,000
Accrued Tax Benefits / 17,785,000 / 11,975,000
Prepayments and Other Current Assets / 26,807,000 / 41,560,000
TOTAL CURRENT ASSETS / 1,103,705,000 / 1,135,297,000
Property, Plant and Equipment
Generation / 8,673,296,000 / 9,502,614,000
Transmission / 2,013,737,000 / 1,948,329,000
Distribution / 3,722,745,000 / 3,545,574,000
Other Property, Plant and Equipment / 571,154,000 / 546,642,000
Construction Work in Progress / 354,497,000 / 354,465,000
Total Property, Plant and Equipment / 15,335,429,000 / 15,897,624,000
Accumulated Depreciation and Amortization / 5,242,805,000 / 5,742,561,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET / 10,092,624,000 / 10,155,063,000
Other Noncurrent Assets
Regulatory Assets / 1,420,966,000 / 1,370,504,000
Long-term Risk Management Assets / 48,288,000 / 53,614,000
Deferred Charges and Other Noncurrent Assets / 320,026,000 / 309,775,000
TOTAL OTHER NONCURRENT ASSETS / 1,789,280,000 / 1,733,893,000
TOTAL ASSETS / 12,985,609,000 / 13,024,253,000
Current Liabilities
Accounts Payable / 276,220,000 / 293,730,000
Affiliated Companies / 153,222,000 / 183,898,000
Short-term Debt:
Long-term Debt Due Within One Year / 856,000,000 / 244,500,000
Risk Management Liabilities / 24,155,000 / 36,561,000
Accrued Taxes / 467,309,000 / 450,570,000
Accrued Interest / 63,560,000 / 66,441,000
Obligations Under Capital Leases / 14,707,000 / 14,096,000
Regulatory Liability for Over-Recovered Fuel Costs / 14,848,000 / 0
Other Current Liabilities / 263,638,000 / 238,275,000
TOTAL CURRENT LIABILITIES / 2,104,104,000 / 1,513,975,000
Noncurrent Liabilities
Long-term Debt / 2,804,440,000 / 3,609,648,000
Long-term Debt - Affiliated / 200,000,000 / 200,000,000
Long-term Risk Management Liabilities / 25,965,000 / 17,890,000
Deferred Income Taxes / 2,345,850,000 / 2,245,380,000
Regulatory Liabilities and Deferred Investment Tax Credits / 451,071,000 / 301,124,000
Employee Benefits and Pension Obligations / 178,620,000 / 335,029,000
Obligations Under Capital Leases / 36,381,000 / 40,152,000
Deferred Credits and Other Noncurrent Liabilities / 349,850,000 / 351,029,000
TOTAL NONCURRENT LIABILITIES / 6,355,796,000 / 7,060,100,000
TOTAL LIABILITIES / 8,459,900,000 / 8,574,075,000
Rate Matters
Commitments and Contingencies
Equity
Common Stock / 321,201,000 / 321,201,000
Paid-in Capital / 1,744,099,000 / 1,744,099,000
Retained Earnings / 2,626,134,000 / 2,582,600,000
Accumulated Other Comprehensive Income (Loss) / (165,725,000) / (197,722,000)
TOTAL EQUITY / 4,525,709,000 / 4,450,178,000
TOTAL LIABILITIES AND EQUITY / 12,985,609,000 / 13,024,253,000
Public Service Co of Oklahoma [Member]
Current Assets
Cash and Cash Equivalents / 1,367,000 / 1,413,000
Advances to Affiliates / 10,558,000 / 39,876,000
Accounts Receivable:
Customers / 31,047,000 / 39,977,000
Affiliated Companies / 24,751,000 / 23,079,000
Miscellaneous / 6,216,000 / 8,993,000
Allowance for Uncollectible Accounts / (872,000) / (777,000)
Total Accounts Receivable / 61,142,000 / 71,272,000
Fuel / 22,085,000 / 20,854,000
Materials and Supplies / 52,183,000 / 50,347,000
Risk Management Assets / 509,000 / 565,000
Deferred Income Tax Benefits / 7,183,000 / 7,013,000
Accrued Tax Benefits / 11,812,000 / 6,733,000
Regulatory Asset for Under-Recovered Fuel Costs / 0 / 4,313,000
Prepayments and Other Current Assets / 7,633,000 / 6,440,000
TOTAL CURRENT ASSETS / 174,472,000 / 208,826,000
Property, Plant and Equipment
Generation / 1,346,530,000 / 1,317,948,000
Transmission / 706,917,000 / 692,644,000
Distribution / 1,859,557,000 / 1,762,110,000
Other Property, Plant and Equipment / 210,549,000 / 214,626,000
Construction Work in Progress / 95,170,000 / 70,371,000
Total Property, Plant and Equipment / 4,218,723,000 / 4,057,699,000
Accumulated Depreciation and Amortization / 1,278,941,000 / 1,266,816,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET / 2,939,782,000 / 2,790,883,000
Other Noncurrent Assets
Regulatory Assets / 202,328,000 / 266,545,000
Long-term Risk Management Assets / 31,000 / 314,000
Deferred Charges and Other Noncurrent Assets / 8,560,000 / 13,536,000
TOTAL OTHER NONCURRENT ASSETS / 210,919,000 / 280,395,000
TOTAL ASSETS / 3,325,173,000 / 3,280,104,000
Current Liabilities
Accounts Payable / 87,050,000 / 76,607,000
Affiliated Companies / 36,189,000 / 45,029,000
Short-term Debt:
Long-term Debt Due Within One Year / 764,000 / 311,000
Risk Management Liabilities / 5,848,000 / 1,280,000
Customer Deposits / 46,533,000 / 47,493,000
Accrued Taxes / 28,024,000 / 21,660,000
Accrued Interest / 12,654,000 / 12,637,000
Obligations Under Capital Leases / 3,636,000 / 3,761,000
Regulatory Liability for Over-Recovered Fuel Costs / 7,945,000 / 0
Other Current Liabilities / 50,684,000 / 43,586,000
TOTAL CURRENT LIABILITIES / 275,691,000 / 248,603,000
Noncurrent Liabilities
Long-term Debt / 949,107,000 / 947,053,000
Long-term Risk Management Liabilities / 31,000 / 1,330,000
Deferred Income Taxes / 740,676,000 / 726,463,000
Regulatory Liabilities and Deferred Investment Tax Credits / 344,817,000 / 334,812,000
Employee Benefits and Pension Obligations / 34,906,000 / 84,548,000
Obligations Under Capital Leases / 8,864,000 / 11,101,000
Deferred Credits and Other Noncurrent Liabilities / 63,667,000 / 44,490,000
TOTAL NONCURRENT LIABILITIES / 2,133,204,000 / 2,138,696,000
TOTAL LIABILITIES / 2,408,895,000 / 2,387,299,000
Rate Matters
Commitments and Contingencies
Equity
Common Stock / 157,230,000 / 157,230,000
Paid-in Capital / 364,037,000 / 364,037,000
Retained Earnings / 388,530,000 / 364,389,000
Accumulated Other Comprehensive Income (Loss) / 6,481,000 / 7,149,000
TOTAL EQUITY / 916,278,000 / 892,805,000
TOTAL LIABILITIES AND EQUITY / 3,325,173,000 / 3,280,104,000
Southwestern Electric Power Co [Member]
Current Assets
Cash and Cash Equivalents / 2,036,000 / 801,000
Advances to Affiliates / 153,829,000 / 0
Accounts Receivable:
Customers / 39,349,000 / 35,054,000
Affiliated Companies / 26,288,000 / 23,730,000
Miscellaneous / 35,514,000 / 19,370,000
Allowance for Uncollectible Accounts / (2,041,000) / (989,000)
Total Accounts Receivable / 99,110,000 / 77,165,000
Fuel / 134,234,000 / 102,015,000
Materials and Supplies / 69,212,000 / 55,325,000
Risk Management Assets / 695,000 / 445,000
Deferred Income Tax Benefits / 101,403,000 / 8,195,000
Accrued Tax Benefits / 9,616,000 / 1,541,000
Regulatory Asset for Under-Recovered Fuel Costs / 8,527,000 / 10,843,000
Prepayments and Other Current Assets / 16,489,000 / 16,827,000
TOTAL CURRENT ASSETS / 595,151,000 / 273,157,000
Property, Plant and Equipment
Generation / 3,888,230,000 / 2,326,102,000
Transmission / 1,115,795,000 / 988,534,000
Distribution / 1,758,988,000 / 1,675,764,000
Other Property, Plant and Equipment / 688,254,000 / 637,019,000
Construction Work in Progress / 99,783,000 / 1,443,569,000
Total Property, Plant and Equipment / 7,551,050,000 / 7,070,988,000
Accumulated Depreciation and Amortization / 2,284,258,000 / 2,211,912,000
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET / 5,266,792,000 / 4,859,076,000
Other Noncurrent Assets
Regulatory Assets / 403,278,000 / 394,276,000
Long-term Risk Management Assets / 0 / 282,000
Deferred Charges and Other Noncurrent Assets / 76,432,000 / 74,992,000
TOTAL OTHER NONCURRENT ASSETS / 479,710,000 / 469,550,000
TOTAL ASSETS / 6,341,653,000 / 5,601,783,000
Current Liabilities
Advances from Affiliates / 0 / 132,473,000
Accounts Payable / 126,768,000 / 181,268,000
Affiliated Companies / 62,835,000 / 59,201,000
Short-term Debt:
Other Short-term Debt / 2,603,000 / 17,016,000
Long-term Debt Due Within One Year / 3,250,000 / 20,000,000
Risk Management Liabilities / 1,128,000 / 24,359,000
Customer Deposits / 69,393,000 / 52,095,000
Accrued Taxes / 31,532,000 / 44,404,000
Accrued Interest / 43,950,000 / 39,629,000
Obligations Under Capital Leases / 17,599,000 / 15,058,000
Regulatory Liability for Over-Recovered Fuel Costs / 16,761,000 / 5,032,000
Other Current Liabilities / 64,997,000 / 64,413,000
TOTAL CURRENT LIABILITIES / 440,816,000 / 654,948,000
Noncurrent Liabilities
Long-term Debt / 2,042,978,000 / 1,708,637,000
Long-term Risk Management Liabilities / 0 / 221,000
Deferred Income Taxes / 1,075,551,000 / 665,668,000
Regulatory Liabilities and Deferred Investment Tax Credits / 476,471,000 / 428,571,000
Asset Retirement Obligations / 78,017,000 / 65,673,000
Employee Benefits and Pension Obligations / 38,240,000 / 87,159,000
Obligations Under Capital Leases / 114,161,000 / 112,802,000
Deferred Credits and Other Noncurrent Liabilities / 53,946,000 / 64,347,000
TOTAL NONCURRENT LIABILITIES / 3,879,364,000 / 3,133,078,000
TOTAL LIABILITIES / 4,320,180,000 / 3,788,026,000
Rate Matters
Commitments and Contingencies
Equity
Common Stock / 135,660,000 / 135,660,000
Paid-in Capital / 674,606,000 / 674,606,000
Retained Earnings / 1,228,806,000 / 1,029,915,000
Accumulated Other Comprehensive Income (Loss) / (17,860,000) / (26,815,000)
TOTAL COMMON SHAREHOLDER'S EQUITY / 2,021,212,000 / 1,813,366,000
Noncontrolling Interests / 261,000 / 391,000
TOTAL EQUITY / 2,021,473,000 / 1,813,757,000
TOTAL LIABILITIES AND EQUITY / $6,341,653,000 / $5,601,783,000

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