SOUTHWESTERN ELECTRIC POWER COMPANY CONSOLIDATED CONSOLIDATED BALANCE SHEETS ASSETS December 31, 2020 and 2019 (in millions) See Notes to Financial Statements of Registrants beginning on page 229. 226 December 31, 2020 2019 CURRENT ASSETS Cash and Cash Equivalents (December 31, 2020 and 2019 Amounts Include $10.1 and $0, Respectively, Related to Sabine) $ 13.2  $ 1.6  Advances to Affiliates 2.1  2.1  Accounts Receivable: Customers 27.1  29.0  Affiliated Companies 25.1  34.5  Miscellaneous 12.7  13.5  Allowance for Uncollectible Accounts —  (1.7) Total Accounts Receivable 64.9  75.3  Fuel (December 31, 2020 and 2019 Amounts Include $35.2 and $47, Respectively, Related to Sabine) 191.1  140.1  Materials and Supplies (December 31, 2020 and 2019 Amounts Include $23.3 and $23.1, Respectively, Related to Sabine) 95.8  94.0  Risk Management Assets 3.2  6.4  Accrued Tax Benefits 29.9  7.6  Regulatory Asset for Under-Recovered Fuel Costs 2.6  4.9  Prepayments and Other Current Assets 25.2  22.1  TOTAL CURRENT ASSETS 428.0  354.1  PROPERTY, PLANT AND EQUIPMENT Electric: Generation 4,681.4  4,691.4  Transmission 2,165.7  2,056.5  Distribution 2,382.5  2,270.7  Other Property, Plant and Equipment (December 31, 2020 and 2019 Amounts Include $223.7 and $212.3, Respectively, Related to Sabine) 788.8  733.4  Construction Work in Progress 228.3  216.9  Total Property, Plant and Equipment 10,246.7  9,968.9  Accumulated Depreciation and Amortization (December 31, 2020 and 2019 Amounts Include $126.5 and $107.5, Respectively, Related to Sabine) 3,158.5  2,873.7  TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 7,088.2  7,095.2  OTHER NONCURRENT ASSETS Regulatory Assets 403.1  222.4  Deferred Charges and Other Noncurrent Assets 234.8  160.5  TOTAL OTHER NONCURRENT ASSETS 637.9  382.9  TOTAL ASSETS $ 8,154.1  $ 7,832.2 