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Consolidated Statements of Income (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenues        
Utility Operations $ 3,814,000,000 $ 4,044,000,000 $ 10,412,000,000 $ 10,901,000,000
Other Revenues 342,000,000 289,000,000 920,000,000 771,000,000
TOTAL REVENUES 4,156,000,000 4,333,000,000 11,332,000,000 11,672,000,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 1,180,000,000 1,371,000,000 3,137,000,000 3,407,000,000
Purchased Electricity for Resale 327,000,000 294,000,000 855,000,000 856,000,000
Other Operation 775,000,000 747,000,000 2,150,000,000 2,130,000,000
Maintenance 255,000,000 283,000,000 769,000,000 864,000,000
Asset Impairments and Other Related Charges 13,000,000 90,000,000 13,000,000 90,000,000
Depreciation and Amortization 470,000,000 445,000,000 1,353,000,000 1,258,000,000
Taxes Other Than Income Taxes 224,000,000 213,000,000 648,000,000 628,000,000
TOTAL EXPENSES 3,244,000,000 3,443,000,000 8,925,000,000 9,233,000,000
OPERATING INCOME (LOSS) 912,000,000 890,000,000 2,407,000,000 2,439,000,000
Other Income (Expense):        
Interest and Investment Income 2,000,000 19,000,000 6,000,000 24,000,000
Carrying Costs Income 11,000,000 291,000,000 42,000,000 323,000,000
Allowance for Equity Funds Used During Construction 23,000,000 26,000,000 70,000,000 69,000,000
Interest Expense (233,000,000) (242,000,000) (697,000,000) (723,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 715,000,000 984,000,000 1,828,000,000 2,132,000,000
Income Tax Expense (Credit) 241,000,000 334,000,000 620,000,000 786,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 14,000,000 7,000,000 33,000,000 19,000,000
INCOME (LOSS) BEFORE EXTRAORDINARY ITEM 488,000,000 657,000,000 1,241,000,000 1,365,000,000
EXTRAORDINARY ITEM, NET OF TAX 0 273,000,000 0 273,000,000
NET INCOME (LOSS) 488,000,000 930,000,000 1,241,000,000 1,638,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000 3,000,000 3,000,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 487,000,000 929,000,000 1,238,000,000 1,635,000,000
Preferred Stock Dividend Requirements 0 1,000,000 0 2,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 487,000,000 928,000,000 1,238,000,000 1,633,000,000
Earnings Per Share        
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 484,979,543 482,498,734 484,437,875 481,862,128
Income Before Extraordinary Item $ 1.00 $ 1.35 $ 2.55 $ 2.82
Extraordinary Item, Net of Tax $ 0 $ 0.57 $ 0 $ 0.57
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 1.00 $ 1.92 $ 2.55 $ 3.39
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 485,362,858 482,796,945 484,826,123 482,126,964
Income Before Extraordinary Item $ 1.00 $ 1.35 $ 2.55 $ 2.82
Extraordinary Item, Net of Tax $ 0 $ 0.57 $ 0 $ 0.57
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 1.00 $ 1.92 $ 2.55 $ 3.39
CASH DIVIDENDS DECLARED PER SHARE $ 0.47 $ 0.46 $ 1.41 $ 1.38
Appalachian Power Co [Member]
       
Revenues        
Utility Operations 776,066,000 757,366,000 2,161,901,000 2,175,163,000
Sales to AEP Affiliates 84,940,000 98,419,000 216,284,000 259,641,000
Other Revenues 3,192,000 2,551,000 7,950,000 6,797,000
TOTAL REVENUES 864,198,000 858,336,000 2,386,135,000 2,441,601,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 241,448,000 230,318,000 609,985,000 595,597,000
Purchased Electricity for Resale 45,196,000 57,370,000 155,421,000 195,715,000
Purchased Electricity from AEP Affiliates 181,134,000 222,164,000 463,015,000 630,014,000
Other Operation 92,700,000 80,376,000 239,704,000 268,269,000
Maintenance 47,047,000 50,172,000 131,212,000 139,628,000
Depreciation and Amortization 86,636,000 68,749,000 252,188,000 205,492,000
Taxes Other Than Income Taxes 27,315,000 26,471,000 79,272,000 79,542,000
TOTAL EXPENSES 721,476,000 735,620,000 1,930,797,000 2,114,257,000
OPERATING INCOME (LOSS) 142,722,000 122,716,000 455,338,000 327,344,000
Other Income (Expense):        
Interest Income 332,000 2,477,000 1,034,000 3,559,000
Carrying Costs Income 3,950,000 7,579,000 17,202,000 17,560,000
Allowance for Equity Funds Used During Construction 443,000 2,451,000 960,000 4,546,000
Interest Expense (50,071,000) (51,196,000) (153,323,000) (157,323,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 97,376,000 84,027,000 321,211,000 195,686,000
Income Tax Expense (Credit) 34,185,000 31,223,000 120,377,000 72,275,000
NET INCOME (LOSS) 63,191,000 52,804,000 200,834,000 123,411,000
Preferred Stock Dividend Requirements 0 199,000 0 599,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 63,191,000 52,605,000 200,834,000 122,812,000
Indiana Michigan Power Co [Member]
       
Revenues        
Utility Operations 499,078,000 494,860,000 1,371,070,000 1,371,349,000
Sales to AEP Affiliates 71,324,000 83,417,000 192,967,000 229,187,000
Other Revenues - Affiliated 27,034,000 29,230,000 86,797,000 81,694,000
Other Revenues 768,000 3,725,000 4,453,000 10,972,000
TOTAL REVENUES 598,204,000 611,232,000 1,655,287,000 1,693,202,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 137,960,000 135,927,000 347,045,000 359,311,000
Purchased Electricity for Resale 23,399,000 25,671,000 88,797,000 86,759,000
Purchased Electricity from AEP Affiliates 110,891,000 112,416,000 281,032,000 274,967,000
Other Operation 141,728,000 133,327,000 411,218,000 399,384,000
Maintenance 44,308,000 50,341,000 133,817,000 148,877,000
Depreciation and Amortization 37,734,000 33,214,000 109,273,000 100,564,000
Taxes Other Than Income Taxes 21,698,000 19,984,000 62,491,000 62,643,000
TOTAL EXPENSES 517,718,000 510,880,000 1,433,673,000 1,432,505,000
OPERATING INCOME (LOSS) 80,486,000 100,352,000 221,614,000 260,697,000
Other Income (Expense):        
Allowance for Equity Funds Used During Construction     6,931,000 11,790,000
Other Income 2,049,000 3,944,000 9,159,000 11,306,000
Interest Expense (26,307,000) (24,056,000) (76,733,000) (73,440,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 56,228,000 80,240,000 154,040,000 198,563,000
Income Tax Expense (Credit) 16,974,000 28,538,000 45,755,000 70,048,000
NET INCOME (LOSS) 39,254,000 51,702,000 108,285,000 128,515,000
Preferred Stock Dividend Requirements 0 85,000 0 255,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 39,254,000 51,617,000 108,285,000 128,260,000
Ohio Power Co [Member]
       
Revenues        
Utility Operations 1,114,339,000 1,241,423,000 3,084,657,000 3,413,128,000
Sales to AEP Affiliates 229,879,000 285,010,000 584,197,000 773,169,000
Other Revenues - Affiliated 10,207,000 9,066,000 27,297,000 20,591,000
Other Revenues 5,391,000 4,732,000 14,638,000 13,091,000
TOTAL REVENUES 1,359,816,000 1,540,231,000 3,710,789,000 4,219,979,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 426,989,000 479,938,000 1,095,276,000 1,228,067,000
Purchased Electricity for Resale 46,146,000 65,834,000 156,384,000 203,231,000
Purchased Electricity from AEP Affiliates 109,453,000 157,776,000 279,954,000 402,121,000
Other Operation 189,566,000 202,272,000 481,994,000 532,224,000
Maintenance 73,024,000 80,587,000 227,643,000 276,029,000
Asset Impairments and Other Related Charges 0 89,824,000 0 89,824,000
Depreciation and Amortization 130,026,000 149,626,000 401,465,000 412,736,000
Taxes Other Than Income Taxes 105,503,000 103,921,000 309,341,000 304,364,000
TOTAL EXPENSES 1,080,707,000 1,329,778,000 2,952,057,000 3,448,596,000
OPERATING INCOME (LOSS) 279,109,000 210,453,000 758,732,000 771,383,000
Other Income (Expense):        
Interest Income 425,000 4,167,000 1,868,000 5,062,000
Carrying Costs Income 7,132,000 21,586,000 14,401,000 42,164,000
Allowance for Equity Funds Used During Construction 998,000 1,413,000 3,036,000 4,124,000
Interest Expense (53,576,000) (56,677,000) (160,984,000) (170,328,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 234,088,000 180,942,000 617,053,000 652,405,000
Income Tax Expense (Credit) 82,578,000 52,603,000 213,290,000 215,902,000
NET INCOME (LOSS) 151,510,000 128,339,000 403,763,000 436,503,000
Preferred Stock Dividend Requirements 0 208,000 0 624,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 151,510,000 128,131,000 403,763,000 435,879,000
Public Service Co Of Oklahoma [Member]
       
Revenues        
Utility Operations 364,851,000 454,802,000 968,683,000 1,061,417,000
Sales to AEP Affiliates 6,865,000 2,115,000 19,377,000 10,696,000
Other Revenues 1,156,000 669,000 2,654,000 2,064,000
TOTAL REVENUES 372,872,000 457,586,000 990,714,000 1,074,177,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 65,195,000 168,230,000 281,746,000 360,774,000
Purchased Electricity for Resale 75,719,000 42,455,000 145,983,000 129,652,000
Purchased Electricity from AEP Affiliates 5,870,000 17,477,000 16,328,000 43,199,000
Other Operation 58,975,000 58,225,000 154,834,000 151,365,000
Maintenance 25,685,000 31,892,000 78,863,000 77,765,000
Depreciation and Amortization 24,433,000 24,802,000 71,356,000 72,761,000
Taxes Other Than Income Taxes 10,799,000 11,499,000 32,619,000 32,589,000
TOTAL EXPENSES 266,676,000 354,580,000 781,729,000 868,105,000
OPERATING INCOME (LOSS) 106,196,000 103,006,000 208,985,000 206,072,000
Other Income (Expense):        
Interest Income 171,000 164,000 1,203,000 244,000
Carrying Costs Income 418,000 810,000 1,560,000 3,333,000
Allowance for Equity Funds Used During Construction 408,000 189,000 1,298,000 839,000
Interest Expense (13,735,000) (13,831,000) (42,212,000) (44,027,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 93,458,000 90,338,000 170,834,000 166,461,000
Income Tax Expense (Credit) 35,355,000 32,989,000 64,872,000 62,163,000
NET INCOME (LOSS) 58,103,000 57,349,000 105,962,000 104,298,000
Preferred Stock Dividend Requirements 0 49,000 0 147,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 58,103,000 57,300,000 105,962,000 104,151,000
Southwestern Electric Power Co [Member]
       
Revenues        
Utility Operations 473,391,000 512,767,000 1,196,753,000 1,248,031,000
Sales to AEP Affiliates 11,098,000 21,618,000 26,945,000 47,868,000
Other Revenues 680,000 597,000 1,403,000 1,572,000
TOTAL REVENUES 485,169,000 534,982,000 1,225,101,000 1,297,471,000
Expenses        
Fuel and Other Consumables Used for Electric Generation 180,991,000 213,004,000 447,233,000 486,729,000
Purchased Electricity for Resale 35,109,000 47,241,000 97,150,000 125,521,000
Purchased Electricity from AEP Affiliates 6,121,000 1,880,000 16,965,000 9,107,000
Other Operation 60,217,000 63,655,000 165,877,000 168,445,000
Maintenance 27,816,000 30,895,000 78,835,000 95,076,000
Asset Impairments and Other Related Charges 0 0 13,000,000 0
Depreciation and Amortization 35,144,000 33,919,000 103,820,000 99,927,000
Taxes Other Than Income Taxes 19,763,000 15,982,000 53,869,000 49,678,000
TOTAL EXPENSES 365,161,000 406,576,000 976,749,000 1,034,483,000
OPERATING INCOME (LOSS) 120,008,000 128,406,000 248,352,000 262,988,000
Other Income (Expense):        
Interest Income 39,000 1,070,000 1,171,000 1,181,000
Allowance for Equity Funds Used During Construction 15,216,000 12,692,000 43,401,000 34,861,000
Interest Expense (21,498,000) (20,964,000) (65,210,000) (64,224,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 113,765,000 121,204,000 227,714,000 234,806,000
Income Tax Expense (Credit) 25,229,000 34,217,000 49,206,000 68,184,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 682,000 808,000 2,007,000 2,071,000
NET INCOME (LOSS) 89,218,000 87,795,000 180,515,000 168,693,000
Net Income Attributable to Noncontrolling Interests 955,000 1,023,000 3,099,000 3,141,000
NET INCOME (LOSS) ATTRIBUTABLE TO SHAREHOLDERS 88,263,000 86,772,000 177,416,000 165,552,000
Preferred Stock Dividend Requirements 0 58,000 0 172,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 88,263,000 $ 86,714,000 $ 177,416,000 $ 165,380,000