We consider the look-ahead security-constrained optimal power flow (LASCOPF) problem under transmission line and generator contingencies. We first formulate LASCOPF under the N −1 contingency criterion (LASCOPF1) using the DC power flow model. We observe that the number of decision variables in the comprehensive formulation increases quadratically with the number of look-ahead intervals, T , making the problem infeasible to solve for large T . To overcome this, we propose the reduced LASCOPF problem (LASCOPF-r1) in which the number of decision variables increases only linearly with T . Thereafter, we prove that, barring borderline cases, if LASCOPF1 is feasible then the optimal solutions of LASCOPF1 and LASCOPF-r1 are equivalent. We then extend our results to the N − k contingency criterion (LASCOPF-ru k ) for any collection of k contingencies, and we prove that the ordering of the contingencies does not affect the optimal solution. We then illustrate LASCOPF1 on a simple 2-bus 2-generator system. We show the numerical benefits of the proposed LASCOPF-r1 formulation on the IEEE 118-bus, the IEEE 300-bus and the 2383-bus Polish systems.