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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Vertically Integrated Utilities $ 2,453.8 $ 2,538.3 $ 6,819.3 $ 6,864.6
Transmission and Distribution Utilities 1,149.7 1,245.4 3,242.7 3,398.9
Generation & Marketing 441.5 823.3 1,386.8 2,192.5
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
Other Revenues 59.7 45.2 165.7 134.0
TOTAL REVENUES 4,104.7 4,652.2 11,614.5 12,590.0
Expenses        
Fuel and Other Consumables Used for Electric Generation 707.4 880.1 1,865.3 2,236.1
Purchased Electricity for Resale 718.1 774.0 2,156.9 2,134.6
Other Operation 636.1 771.1 1,842.5 2,150.7
Maintenance 268.0 286.3 859.4 854.4
Asset Impairments and Other Related Charges (2.5) 2,264.9 10.6 2,264.9
Gain on Sale of Merchant Generation Assets 0.0 0.0 (226.4) 0.0
Depreciation and Amortization 518.5 539.3 1,485.9 1,550.2
Taxes Other Than Income Taxes 272.6 264.4 792.0 767.9
TOTAL EXPENSES 3,118.2 5,780.1 8,786.2 11,958.8
OPERATING INCOME (LOSS) 986.5 (1,127.9) 2,828.3 631.2
Other Income (Expense):        
Interest and Investment Income 2.4 2.0 12.7 6.5
Carrying Costs Income 2.6 1.7 14.2 11.9
Allowance for Equity Funds Used During Construction 20.0 25.6 62.2 86.1
Gain on Sale of Equity Investment 12.4 0.0 12.4 0.0
Interest Expense (223.3) (225.3) (668.0) (667.2)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 800.6 (1,323.9) 2,261.8 68.5
Income Tax Expense (Credit) 264.0 (534.5) 797.8 (134.0)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 20.1 25.2 63.1 42.8
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest 556.7 (764.2) 1,527.1 245.3
Income (Loss) from Discontinued Operations, Net of Tax 0.0 0.0 0.0 (2.5)
Net Income (Loss) 556.7 (764.2) 1,527.1 242.8
Net Income Attributable to Noncontrolling Interests 12.0 1.6 15.2 5.3
Earnings Attributable to Common Shareholders $ 544.7 $ (765.8) $ 1,511.9 $ 237.5
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 491,840,722 491,697,809 491,781,643 491,422,921
Basic Earnings Per Share Attributable to AEP Common Shareholders from Continuing Operations $ 1.11 $ (1.56) $ 3.07 $ 0.49
Basic Earnings Per Share Attributable to AEP Common Shareholders from Discontinued Operations 0.00 0.00 0.00 (0.01)
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.11 $ (1.56) $ 3.07 $ 0.48
Weighted Average Number of Diluted AEP Common Shares Outstanding 492,986,307 491,813,858 492,428,586 491,596,861
Diluted Earnings Per Share Attributable to AEP Common Shareholders from Continuing Operations $ 1.10 $ (1.56) $ 3.07 $ 0.49
Diluted Earnings Per Share Attributable to AEP Common Shareholders from Discontinued Operations 0.00 0.00 0.00 (0.01)
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders 1.10 (1.56) 3.07 0.48
Common Stock, Dividends Per Share, Declared $ 0.59 $ 0.56 $ 1.77 $ 1.68
AEP Transmission Co [Member]        
Revenues        
Electrical Transmission Revenue $ 35.9 $ 33.5 $ 99.2 $ 89.6
Sales to AEP Affiliates 131.4 91.8 450.2 268.4
TOTAL REVENUES 167.3 125.3 549.4 358.0
Expenses        
Other Operation 18.4 7.5 38.8 21.0
Maintenance 1.4 1.9 6.8 4.8
Depreciation and Amortization 24.8 16.8 70.9 47.5
Taxes Other Than Income Taxes 27.6 22.7 82.0 65.4
TOTAL EXPENSES 72.2 48.9 198.5 138.7
OPERATING INCOME (LOSS) 95.1 76.4 350.9 219.3
Other Income (Expense):        
Interest Income 0.2 0.1 0.5 0.2
Allowance for Equity Funds Used During Construction 11.7 13.3 36.0 39.7
Interest Expense (16.9) (11.0) (48.6) (32.3)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 90.1 78.8 338.8 226.9
Income Tax Expense (Credit) 30.2 26.4 114.5 73.9
Net Income (Loss) 59.9 52.4 224.3 153.0
Appalachian Power Co [Member]        
Revenues        
Vertically Integrated Utilities 674.4 739.0 2,045.0 2,153.3
Sales to AEP Affiliates 41.9 36.4 130.6 109.0
Other Revenues 3.0 2.8 11.8 9.4
TOTAL REVENUES 719.3 778.2 2,187.4 2,271.7
Expenses        
Fuel and Other Consumables Used for Electric Generation 178.6 190.1 498.3 494.1
Purchased Electricity for Resale 61.1 69.2 217.1 240.9
Other Operation 115.7 117.6 366.2 349.4
Maintenance 55.8 66.8 187.8 196.3
Depreciation and Amortization 102.8 98.1 304.1 290.0
Taxes Other Than Income Taxes 32.3 32.0 93.3 93.9
TOTAL EXPENSES 546.3 573.8 1,666.8 1,664.6
OPERATING INCOME (LOSS) 173.0 204.4 520.6 607.1
Other Income (Expense):        
Interest Income 0.3 0.3 1.1 0.8
Carrying Costs Income 0.4 0.0 1.0 0.2
Allowance for Equity Funds Used During Construction 2.7 4.5 6.2 9.1
Interest Expense (47.2) (46.4) (143.5) (140.7)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 129.2 162.8 385.4 476.5
Income Tax Expense (Credit) 43.2 58.7 136.7 172.7
Net Income (Loss) 86.0 104.1 248.7 303.8
Indiana Michigan Power Co [Member]        
Revenues        
Vertically Integrated Utilities 537.0 574.7 1,527.4 1,570.8
Other Revenues - Affiliated 17.1 19.5 48.2 68.7
Other Revenues 3.6 3.4 9.9 13.2
TOTAL REVENUES 557.7 597.6 1,585.5 1,652.7
Expenses        
Fuel and Other Consumables Used for Electric Generation 76.4 91.3 238.2 236.8
Purchased Electricity for Resale 32.9 43.7 101.2 134.3
Purchased Electricity from AEP Affiliates 62.4 64.5 166.2 165.9
Other Operation 140.5 138.9 434.2 413.9
Maintenance 51.5 45.7 153.6 134.6
Asset Impairments and Other Related Charges 0.0 10.5 0.0 10.5
Depreciation and Amortization 55.0 49.1 154.8 143.2
Taxes Other Than Income Taxes 23.9 22.5 68.3 71.5
TOTAL EXPENSES 442.6 466.2 1,316.5 1,310.7
OPERATING INCOME (LOSS) 115.1 131.4 269.0 342.0
Other Income (Expense):        
Interest Income 2.4 1.7 11.5 9.1
Allowance for Equity Funds Used During Construction 3.5 4.1 8.1 10.9
Interest Expense (27.5) (26.7) (83.0) (76.3)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 93.5 110.5 205.6 285.7
Income Tax Expense (Credit) 28.6 35.1 61.8 84.3
Net Income (Loss) 64.9 75.4 143.8 201.4
Ohio Power Co [Member]        
Revenues        
Transmission and Distribution Utilities 736.0 864.4 2,127.8 2,349.2
Sales to AEP Affiliates 4.6 5.5 19.4 11.7
Other Revenues 1.4 1.4 4.8 4.8
TOTAL REVENUES 742.0 871.3 2,152.0 2,365.7
Expenses        
Purchased Electricity for Resale 180.7 203.4 525.4 516.1
Purchased Electricity from AEP Affiliates 26.7 35.9 83.4 121.4
Amortization of Generation Deferrals 58.7 66.1 172.9 173.0
Other Operation 125.8 184.2 377.6 525.9
Maintenance 37.9 38.8 108.4 104.4
Depreciation and Amortization 57.3 69.4 165.7 189.0
Taxes Other Than Income Taxes 100.4 101.9 293.8 291.7
TOTAL EXPENSES 587.5 699.7 1,727.2 1,921.5
OPERATING INCOME (LOSS) 154.5 171.6 424.8 444.2
Other Income (Expense):        
Interest Income 0.7 0.7 4.0 3.0
Carrying Costs Income 0.5 0.9 3.0 4.0
Allowance for Equity Funds Used During Construction 0.9 0.3 4.1 3.7
Interest Expense (25.7) (27.2) (76.8) (87.7)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 130.9 146.3 359.1 367.2
Income Tax Expense (Credit) 48.3 46.4 128.0 122.5
Net Income (Loss) 82.6 99.9 231.1 244.7
Public Service Co Of Oklahoma [Member]        
Revenues        
Vertically Integrated Utilities 440.6 400.9 1,085.1 971.3
Sales to AEP Affiliates 1.1 0.1 3.2 2.0
Other Revenues 1.1 0.7 3.3 2.9
TOTAL REVENUES 442.8 401.7 1,091.6 976.2
Expenses        
Fuel and Other Consumables Used for Electric Generation 77.9 16.4 115.8 43.0
Purchased Electricity for Resale 127.8 130.8 379.8 315.3
Purchased Electricity from AEP Affiliates 0.0 3.2 0.0 3.6
Other Operation 83.6 81.0 226.3 211.8
Maintenance 25.2 25.6 88.2 71.6
Depreciation and Amortization 31.7 37.2 97.8 109.9
Taxes Other Than Income Taxes 9.8 9.1 30.0 27.8
TOTAL EXPENSES 356.0 303.3 937.9 783.0
OPERATING INCOME (LOSS) 86.8 98.4 153.7 193.2
Other Income (Expense):        
Interest Income 0.0 0.2 0.1 0.5
Allowance for Equity Funds Used During Construction 0.0 1.1 0.4 4.9
Interest Expense (13.2) (14.9) (40.2) (44.6)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 73.6 84.8 114.0 154.0
Income Tax Expense (Credit) 27.4 32.0 42.6 56.6
Net Income (Loss) 46.2 52.8 71.4 97.4
Southwestern Electric Power Co [Member]        
Revenues        
Vertically Integrated Utilities 509.5 530.5 1,321.8 1,324.1
Sales to AEP Affiliates 7.7 8.6 20.4 20.0
Other Revenues 0.4 0.6 1.4 1.6
TOTAL REVENUES 517.6 539.7 1,343.6 1,345.7
Expenses        
Fuel and Other Consumables Used for Electric Generation 147.5 158.8 389.8 403.3
Purchased Electricity for Resale 40.0 35.9 118.7 97.5
Other Operation 80.3 89.2 232.2 243.3
Maintenance 32.6 33.8 106.5 102.0
Depreciation and Amortization 55.2 51.2 158.1 148.1
Taxes Other Than Income Taxes 25.0 23.4 72.6 66.8
TOTAL EXPENSES 380.6 392.3 1,077.9 1,061.0
OPERATING INCOME (LOSS) 137.0 147.4 265.7 284.7
Other Income (Expense):        
Interest Income 0.7 0.0 2.0 0.0
Allowance for Equity Funds Used During Construction 0.4 0.1 1.2 9.5
Interest Expense (31.9) (32.6) (92.7) (92.0)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 106.2 114.9 176.2 202.2
Income Tax Expense (Credit) 22.5 33.2 45.2 53.9
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.4 2.7 (4.5) 4.9
Net Income (Loss) 84.1 84.4 126.5 153.2
Net Income Attributable to Noncontrolling Interests 11.0 1.1 12.6 3.3
Earnings Attributable to Common Shareholders $ 73.1 $ 83.3 $ 113.9 $ 149.9