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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
Vertically Integrated Utilities $ 2,538.3 $ 2,435.8 $ 6,864.6 $ 7,081.8
Transmission and Distribution Utilities 1,245.4 1,163.6 3,398.9 3,377.9
Generation & Marketing 823.3 801.8 2,192.5 2,288.6
Other Revenues 45.2 30.2 134.0 90.2
TOTAL REVENUES 4,652.2 4,431.4 12,590.0 12,838.5
Expenses        
Fuel and Other Consumables Used for Electric Generation 880.1 955.9 2,236.1 2,782.4
Purchased Electricity for Resale 774.0 730.8 2,134.6 2,050.0
Other Operation 771.1 689.9 2,150.7 1,954.6
Maintenance 286.3 311.5 854.4 923.1
Asset Impairments and Other Related Charges 2,264.9 0.0 2,264.9 0.0
Depreciation and Amortization 539.3 534.9 1,550.2 1,528.0
Taxes Other Than Income Taxes 264.4 248.2 767.9 733.3
TOTAL EXPENSES 5,780.1 3,471.2 11,958.8 9,971.4
OPERATING INCOME (LOSS) (1,127.9) 960.2 631.2 2,867.1
Other Income (Expense):        
Interest and Investment Income 2.0 1.6 6.5 6.1
Carrying Costs Income 1.7 1.8 11.9 18.4
Allowance for Equity Funds Used During Construction 25.6 32.6 86.1 96.4
Interest Expense (225.3) (220.2) (667.2) (658.1)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) (1,323.9) 776.0 68.5 2,329.9
Income Tax Expense (Credit) (534.5) 275.6 (134.0) 827.1
Equity Earnings (Loss) of Unconsolidated Subsidiaries 25.2 11.4 42.8 60.6
Income (Loss) from Continuing Operations (764.2) 511.8 245.3 1,563.4
Income (Loss) from Discontinued Operations, Net of Tax 0.0 7.8 (2.5) 18.2
Net Income (Loss) (764.2) 519.6 242.8 1,581.6
Net Income Attributable to Noncontrolling Interests 1.6 1.3 5.3 4.1
Earnings Attributable to Common Shareholders $ (765.8) $ 518.3 $ 237.5 $ 1,577.5
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 491,697,809 490,648,929 491,422,921 490,155,315
Basic Earnings Per Share Attributable to AEP Common Shareholders from Continuing Operations $ (1.56) $ 1.04 $ 0.49 $ 3.18
Basic Earnings Per Share Attributable to AEP Common Shareholders from Discontinued Operations 0.00 0.02 (0.01) 0.04
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ (1.56) $ 1.06 $ 0.48 $ 3.22
Weighted Average Number of Diluted AEP Common Shares Outstanding 491,813,858 490,800,335 491,596,861 490,411,020
Diluted Earnings Per Share Attributable to AEP Common Shareholders from Continuing Operations $ (1.56) $ 1.04 $ 0.49 $ 3.18
Diluted Earnings Per Share Attributable to AEP Common Shareholders from Discontinued Operations 0.00 0.02 (0.01) 0.04
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders (1.56) 1.06 0.48 3.22
Common Stock, Dividends Per Share, Declared $ 0.56 $ 0.53 $ 1.68 $ 1.59
Appalachian Power Co [Member]        
Revenues        
Vertically Integrated Utilities $ 739.0 $ 685.3 $ 2,153.3 $ 2,184.9
Sales to AEP Affiliates 36.4 39.3 109.0 115.7
Other Revenues 2.8 2.9 9.4 7.9
TOTAL REVENUES 778.2 727.5 2,271.7 2,308.5
Expenses        
Fuel and Other Consumables Used for Electric Generation 190.1 188.5 494.1 595.3
Purchased Electricity for Resale 69.2 80.5 240.9 258.9
Other Operation 117.6 101.8 349.4 311.6
Maintenance 66.8 70.5 196.3 179.8
Depreciation and Amortization 98.1 96.3 290.0 292.7
Taxes Other Than Income Taxes 32.0 32.0 93.9 93.1
TOTAL EXPENSES 573.8 569.6 1,664.6 1,731.4
OPERATING INCOME (LOSS) 204.4 157.9 607.1 577.1
Other Income (Expense):        
Interest Income 0.3 0.3 0.8 1.2
Carrying Costs Income 0.0 0.1 0.2 0.8
Allowance for Equity Funds Used During Construction 4.5 3.4 9.1 10.3
Interest Expense (46.4) (46.6) (140.7) (145.6)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 162.8 115.1 476.5 443.8
Income Tax Expense (Credit) 58.7 40.5 172.7 168.4
Net Income (Loss) 104.1 74.6 303.8 275.4
Indiana Michigan Power Co [Member]        
Revenues        
Vertically Integrated Utilities 574.7 536.2 1,570.8 1,617.5
Sales to AEP Affiliates 3.9 9.6 22.4 16.6
Other Revenues - Affiliated 15.6 21.7 46.3 62.2
Other Revenues 3.4 0.8 13.2 2.6
TOTAL REVENUES 597.6 568.3 1,652.7 1,698.9
Expenses        
Fuel and Other Consumables Used for Electric Generation 91.3 90.5 236.8 264.4
Purchased Electricity for Resale 43.7 41.5 134.3 147.7
Purchased Electricity from AEP Affiliates 64.5 67.2 165.9 182.2
Other Operation 138.9 141.0 413.9 407.3
Maintenance 45.7 53.8 134.6 160.9
Asset Impairments and Other Related Charges 10.5 0.0 10.5 0.0
Depreciation and Amortization 49.1 49.3 143.2 150.2
Taxes Other Than Income Taxes 22.5 21.6 71.5 67.0
TOTAL EXPENSES 466.2 464.9 1,310.7 1,379.7
OPERATING INCOME (LOSS) 131.4 103.4 342.0 319.2
Other Income (Expense):        
Interest Income 1.7 1.9 9.1 7.2
Allowance for Equity Funds Used During Construction 4.1 2.1 10.9 9.1
Interest Expense (26.7) (23.1) (76.3) (68.9)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 110.5 84.3 285.7 266.6
Income Tax Expense (Credit) 35.1 27.7 84.3 86.7
Net Income (Loss) 75.4 56.6 201.4 179.9
Ohio Power Co [Member]        
Revenues        
Transmission and Distribution Utilities 864.4 775.9 2,349.2 2,320.4
Sales to AEP Affiliates 5.5 4.4 11.7 79.7
Other Revenues 1.4 2.0 4.8 6.4
TOTAL REVENUES 871.3 782.3 2,365.7 2,406.5
Expenses        
Purchased Electricity for Resale 203.4 173.1 516.1 431.6
Purchased Electricity from AEP Affiliates 35.9 45.8 121.4 462.6
Amortization of Generation Deferrals 66.1 55.4 173.0 122.2
Other Operation 184.2 170.2 525.9 446.8
Maintenance 38.8 39.4 104.4 121.2
Depreciation and Amortization 69.4 63.7 189.0 178.6
Taxes Other Than Income Taxes 101.9 93.8 291.7 283.2
TOTAL EXPENSES 699.7 641.4 1,921.5 2,046.2
OPERATING INCOME (LOSS) 171.6 140.9 444.2 360.3
Other Income (Expense):        
Interest Income 0.7 1.2 3.0 4.3
Carrying Costs Income 0.9 (1.6) 4.0 10.0
Allowance for Equity Funds Used During Construction 0.3 2.2 3.7 7.0
Interest Expense (27.2) (32.6) (87.7) (96.3)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 146.3 110.1 367.2 285.3
Income Tax Expense (Credit) 46.4 38.5 122.5 100.6
Net Income (Loss) 99.9 71.6 244.7 184.7
Public Service Co Of Oklahoma [Member]        
Revenues        
Vertically Integrated Utilities 400.9 418.6 971.3 1,040.9
Sales to AEP Affiliates 0.1 1.1 2.0 3.5
Other Revenues 0.7 0.6 2.9 2.2
TOTAL REVENUES 401.7 420.3 976.2 1,046.6
Expenses        
Fuel and Other Consumables Used for Electric Generation 16.4 87.7 43.0 226.3
Purchased Electricity for Resale 130.8 103.2 315.3 253.8
Purchased Electricity from AEP Affiliates 3.2 0.0 3.6 0.0
Other Operation 81.0 77.5 211.8 199.3
Maintenance 25.6 27.2 71.6 74.3
Depreciation and Amortization 37.2 30.9 109.9 90.2
Taxes Other Than Income Taxes 9.1 9.3 27.8 27.8
TOTAL EXPENSES 303.3 335.8 783.0 871.7
OPERATING INCOME (LOSS) 98.4 84.5 193.2 174.9
Other Income (Expense):        
Interest Income 0.2 0.2 0.5 0.3
Allowance for Equity Funds Used During Construction 1.1 2.4 4.9 6.0
Interest Expense (14.9) (15.0) (44.6) (44.4)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 84.8 72.1 154.0 136.8
Income Tax Expense (Credit) 32.0 27.4 56.6 51.3
Net Income (Loss) 52.8 44.7 97.4 85.5
Southwestern Electric Power Co [Member]        
Revenues        
Vertically Integrated Utilities 530.5 526.0 1,324.1 1,387.7
Sales to AEP Affiliates 8.6 5.9 20.0 13.1
Other Revenues 0.6 0.6 1.6 1.5
TOTAL REVENUES 539.7 532.5 1,345.7 1,402.3
Expenses        
Fuel and Other Consumables Used for Electric Generation 158.8 180.0 403.3 463.1
Purchased Electricity for Resale 35.9 23.6 97.5 70.8
Other Operation 89.2 81.4 243.3 214.8
Maintenance 33.8 34.4 102.0 100.1
Depreciation and Amortization 51.2 48.9 148.1 143.8
Taxes Other Than Income Taxes 23.4 23.0 66.8 66.1
TOTAL EXPENSES 392.3 391.3 1,061.0 1,058.7
OPERATING INCOME (LOSS) 147.4 141.2 284.7 343.6
Other Income (Expense):        
Interest Income 0.0 0.0 0.0 1.2
Allowance for Equity Funds Used During Construction 0.1 7.1 9.5 18.2
Interest Expense (32.6) (29.2) (92.0) (91.4)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 114.9 119.1 202.2 271.6
Income Tax Expense (Credit) 33.2 37.4 53.9 85.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 2.7 0.4 4.9 2.1
Net Income (Loss) 84.4 82.1 153.2 188.3
Net Income Attributable to Noncontrolling Interests 1.1 1.0 3.3 3.0
Earnings Attributable to Common Shareholders $ 83.3 $ 81.1 $ 149.9 $ 185.3