What was the outcome of the merger between CSPCo and OPCo?

Columbus Southern Power Company (CSPCo) merged with and into Ohio Power Company (OPCo). OPCo was the surviving entity, and the separate legal existence of CSPCo terminated. Both were subsidiaries of AMERICAN ELECTRIC POWER CO INC (AEP).

What types of financial adjustments were made to reflect the merger?

Adjustments were made to ensure consistent presentation between the two prior entities and to reflect merger transactions. These included eliminating intercompany accounts receivable and payable, collapsing certain CSPCo line items into OPCo's, eliminating intercompany sales of power and billings, and recasting accrued interest on uncertain tax positions based on the merged entity's classification.

AEP 8-K SEC Disclosure

Q: What is the primary purpose of this amended 8-K filing?

The primary purpose of this amended 8-K filing is to provide the required financial information, specifically pro forma financial information, related to the merger between Columbus Southern Power Company (CSPCo) and Ohio Power Company (OPCo), which was not included in the original 8-K filing.

Q: How is the financial information related to the merger presented?

Instead of filing full pro forma financial statements, the filing incorporates by reference retrospectively revised financial statements from OPCo's Annual Report on Form 10-K for the fiscal year ended December 31, 2011. These statements are presented as if the merger occurred at the beginning of the earliest reporting period.

Summary

This filing is an amendment to a previous Current Report (8-K) filed on January 6, 2012, by AMERICAN ELECTRIC POWER CO INC (AEP), its subsidiary Ohio Power Company (OPCo), and Columbus Southern Power Company (CSPCo). The amendment specifically addresses Item 9.01, providing necessary financial information related to the merger between CSPCo and OPCo, which was completed on December 31, 2011. In this merger, CSPCo merged into OPCo, with OPCo surviving. The filing incorporates by reference retrospectively revised financial statements from OPCo's Annual Report on Form 10-K for the fiscal year ended December 31, 2011.

Key Highlights

1This is an amendment (8-K/A) to an initial 8-K filing regarding a merger.
2The merger involved the combination of Columbus Southern Power Company (CSPCo) into Ohio Power Company (OPCo), with OPCo as the surviving entity.
3The merger was completed on December 31, 2011.
4The filing provides updated financial information as required by Item 9.01(b) of Form 8-K.
5Instead of full pro forma statements, the filing incorporates by reference OPCo's audited financial statements from its Form 10-K for the year ended December 31, 2011.
6These incorporated financial statements have been retrospectively recast to reflect the merger as if it occurred on the first day of the earliest reporting period presented.
7Key adjustments include the elimination of intercompany receivables/payables and sales, and the recasting of certain balance sheet and income statement items for consistent presentation.

AMERICAN ELECTRIC POWER CO INC 8-K/A Report, Exhibit Filing (Mar 9, 2012)

Summary

Key Highlights

Frequently Asked Questions