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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Vertically Integrated Utilities $ 9,095.1 $ 9,012.4 $ 9,069.9
Transmission and Distribution Utilities 4,328.9 4,328.3 4,392.0
Generation and Marketing Revenues 1,771.4 2,858.7 2,866.7
Sales to AEP Affiliates 0.0 0.0 0.0
Other Revenues 229.5 180.7 124.6
TOTAL REVENUES 15,424.9 16,380.1 16,453.2
Expenses      
Fuel and Other Consumables Used for Electric Generation 2,346.5 2,908.9 3,348.1
Purchased Electricity for Resale 2,965.3 2,821.4 2,760.1
Other Operation 2,484.0 2,956.9 2,703.9
Maintenance 1,141.3 1,237.7 1,325.3
Asset Impairments and Other Related Charges 87.1 2,267.8 0.0
Gain on Sale of Merchant Generation Assets (226.4) 0.0 0.0
Depreciation and Amortization 1,997.2 1,962.3 2,009.7
Taxes Other Than Income Taxes 1,059.4 1,018.0 972.6
TOTAL EXPENSES 11,854.4 15,173.0 13,119.7
OPERATING INCOME (LOSS) 3,570.5 1,207.1 3,333.5
Other Income (Expense):      
Interest and Investment Income 16.0 16.3 7.9
Carrying Costs Income 18.6 16.2 23.5
Allowance for Equity Funds Used During Construction 93.7 113.2 131.9
Gain on Sale of Equity Investment 12.4 0.0 0.0
Interest Expense (895.0) (877.2) (873.9)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 2,816.2 475.6 2,622.9
Income Tax Expense (Credit) 969.7 (73.7) 919.6
Equity Earnings (Loss) of Unconsolidated Subsidiaries 82.4 71.2 65.3
Income (Loss) from Continuing Operations 1,928.9 620.5 1,768.6
Income (Loss) from Discontinued Operations, Net of Tax 0.0 (2.5) 283.7
NET INCOME (LOSS) 1,928.9 618.0 2,052.3
Net Income Attributable to Noncontrolling Interests 16.3 7.1 5.2
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 1,912.6 $ 610.9 $ 2,047.1
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 491,814,651 491,495,458 490,340,522
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS $ 3.89 $ 1.25 $ 3.59
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS 0.00 (0.01) 0.58
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 3.89 $ 1.24 $ 4.17
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 492,611,067 491,662,007 490,574,568
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS $ 3.88 $ 1.25 $ 3.59
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS 0.00 (0.01) 0.58
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 3.88 $ 1.24 $ 4.17
AEP Texas Inc. [Member]      
Revenues      
Transmission and Distribution Utilities $ 1,470.3 $ 1,383.2 $ 1,374.1
Sales to AEP Affiliates 65.7 75.7 78.5
Other Revenues 2.4 2.5 5.4
TOTAL REVENUES 1,538.4 1,461.4 1,458.0
Expenses      
Fuel and Other Consumables Used for Electric Generation 20.9 32.1 32.1
Other Operation 449.5 454.5 439.9
Maintenance 75.9 73.7 91.0
Asset Impairments and Other Related Charges   72.7 0.0
Depreciation and Amortization 450.1 413.9 468.9
Taxes Other Than Income Taxes 122.3 107.6 105.3
TOTAL EXPENSES 1,118.7 1,081.8 1,137.2
OPERATING INCOME (LOSS) 419.7 379.6 320.8
Other Income (Expense):      
Interest Income 2.9 10.9 0.8
Allowance for Equity Funds Used During Construction 6.8 9.2 6.7
Interest Expense (142.3) (144.4) (148.4)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 287.1 255.3 179.9
Income Tax Expense (Credit) (23.4) 59.9 58.2
Income (Loss) from Continuing Operations 310.5 195.4 121.7
Income (Loss) from Discontinued Operations, Net of Tax 0.0 (48.8) (1.4)
NET INCOME (LOSS) 310.5 146.6 120.3
AEP Transmission Co [Member]      
Revenues      
Electrical Transmission Revenue 141.9 110.4 84.3
Sales to AEP Affiliates 580.5 367.5 225.6
Other Revenues 0.8 0.1 0.3
TOTAL REVENUES 723.2 478.0 310.2
Expenses      
Other Operation 60.1 37.0 22.4
Maintenance 8.5 6.7 5.0
Depreciation and Amortization 97.1 65.9 42.4
Taxes Other Than Income Taxes 109.7 88.3 66.0
TOTAL EXPENSES 275.4 197.9 135.8
OPERATING INCOME (LOSS) 447.8 280.1 174.4
Other Income (Expense):      
Interest Income 1.2 0.4 0.1
Allowance for Equity Funds Used During Construction 52.3 52.3 53.0
Interest Expense (68.0) (46.0) (34.6)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 433.3 286.8 192.9
Income Tax Expense (Credit) 147.2 94.1 60.0
NET INCOME (LOSS) 286.1 192.7 132.9
Appalachian Power Co [Member]      
Revenues      
Vertically Integrated Utilities 2,749.0 2,847.4 2,805.6
Sales to AEP Affiliates 172.0 142.1 147.8
Other Revenues 13.2 11.7 10.1
TOTAL REVENUES 2,934.2 3,001.2 2,963.5
Expenses      
Fuel and Other Consumables Used for Electric Generation 597.3 654.9 675.9
Purchased Electricity for Resale 357.6 329.3 395.2
Other Operation 497.9 486.7 405.4
Maintenance 251.6 275.0 263.3
Depreciation and Amortization 407.9 388.5 388.8
Taxes Other Than Income Taxes 126.4 123.5 124.1
TOTAL EXPENSES 2,238.7 2,257.9 2,252.7
OPERATING INCOME (LOSS) 695.5 743.3 710.8
Other Income (Expense):      
Interest Income 1.4 1.3 1.4
Carrying Costs Income 1.4 0.4 1.2
Allowance for Equity Funds Used During Construction 9.2 11.7 13.8
Interest Expense (190.9) (188.5) (192.3)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 516.6 568.2 534.9
Income Tax Expense (Credit) 185.3 199.1 194.3
NET INCOME (LOSS) 331.3 369.1 340.6
Indiana Michigan Power Co [Member]      
Revenues      
Vertically Integrated Utilities 2,042.5 2,062.3 2,073.3
Sales to AEP Affiliates 1.8 26.2 27.4
Other Revenues - Affiliated 62.6 62.1 78.8
Other Revenues 14.3 17.0 6.7
TOTAL REVENUES 2,121.2 2,167.6 2,186.2
Expenses      
Fuel and Other Consumables Used for Electric Generation 295.1 284.1 336.3
Purchased Electricity for Resale 152.2 198.7 195.8
Purchased Electricity from AEP Affiliates 223.9 228.6 232.1
Other Operation 585.2 572.0 553.4
Maintenance 208.4 205.6 212.0
Asset Impairments and Other Related Charges 0.0 10.5 0.0
Depreciation and Amortization 210.9 191.7 198.4
Taxes Other Than Income Taxes 92.2 94.8 88.3
TOTAL EXPENSES 1,767.9 1,786.0 1,816.3
OPERATING INCOME (LOSS) 353.3 381.6 369.9
Other Income (Expense):      
Interest Income 1.8 1.2 1.3
Carrying Costs Income 12.7 10.1 8.3
Allowance for Equity Funds Used During Construction 11.1 15.3 11.6
Interest Expense (110.8) (100.8) (90.2)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 268.1 307.4 300.9
Income Tax Expense (Credit) 81.4 67.5 96.1
NET INCOME (LOSS) 186.7 239.9 204.8
Ohio Power Co [Member]      
Revenues      
Transmission and Distribution Utilities 2,853.5 2,930.1 3,056.1
Sales to AEP Affiliates 24.4 17.3 84.1
Other Revenues 6.0 6.5 8.5
TOTAL REVENUES 2,883.9 2,953.9 3,148.7
Expenses      
Purchased Electricity for Resale 705.9 663.1 635.0
Purchased Electricity from AEP Affiliates 108.5 141.9 527.1
Generation Deferrals 0.0 (82.7) (30.7)
Amortization of Generation Deferrals 229.2 242.9 169.1
Other Operation 511.5 706.8 630.3
Maintenance 141.2 148.0 166.8
Depreciation and Amortization 225.9 238.6 217.5
Taxes Other Than Income Taxes 391.5 386.8 372.8
TOTAL EXPENSES 2,313.7 2,445.4 2,687.9
OPERATING INCOME (LOSS) 570.2 508.5 460.8
Other Income (Expense):      
Interest Income 4.9 3.8 5.6
Carrying Costs Income 3.6 19.9 11.8
Allowance for Equity Funds Used During Construction 6.4 6.0 8.8
Interest Expense (101.9) (112.2) (127.8)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 483.2 426.0 359.2
Income Tax Expense (Credit) 159.3 143.8 126.5
NET INCOME (LOSS) 323.9 282.2 232.7
Public Service Co Of Oklahoma [Member]      
Revenues      
Vertically Integrated Utilities 1,417.5 1,242.8 1,331.4
Sales to AEP Affiliates 4.3 2.6 4.6
Other Revenues 5.4 4.4 3.2
TOTAL REVENUES 1,427.2 1,249.8 1,339.2
Expenses      
Fuel and Other Consumables Used for Electric Generation 134.5 44.8 301.4
Purchased Electricity for Resale 514.9 441.2 316.9
Purchased Electricity from AEP Affiliates 0.0 3.7 0.0
Other Operation 311.7 288.5 268.4
Maintenance 120.3 106.9 104.6
Depreciation and Amortization 130.4 130.2 117.5
Taxes Other Than Income Taxes 40.5 35.8 37.2
TOTAL EXPENSES 1,252.3 1,051.1 1,146.0
OPERATING INCOME (LOSS) 174.9 198.7 193.2
Other Income (Expense):      
Interest Income 0.1 0.7 0.4
Allowance for Equity Funds Used During Construction 0.5 6.2 8.8
Interest Expense (53.4) (51.2) (58.6)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 122.1 154.4 143.8
Income Tax Expense (Credit) 50.1 54.4 51.3
NET INCOME (LOSS) 72.0 100.0 92.5
Southwestern Electric Power Co [Member]      
Revenues      
Vertically Integrated Utilities 1,752.1 1,721.5 1,762.3
Sales to AEP Affiliates 25.9 24.5 16.6
Other Revenues 1.9 2.0 2.0
TOTAL REVENUES 1,779.9 1,748.0 1,780.9
Expenses      
Fuel and Other Consumables Used for Electric Generation 496.1 517.8 570.6
Purchased Electricity for Resale 168.7 142.4 110.6
Other Operation 314.6 331.7 294.5
Maintenance 143.5 149.7 155.9
Asset Impairments and Other Related Charges 33.6 0.0 0.0
Depreciation and Amortization 217.4 196.5 192.0
Taxes Other Than Income Taxes 98.3 88.8 88.1
TOTAL EXPENSES 1,472.2 1,426.9 1,411.7
OPERATING INCOME (LOSS) 307.7 321.1 369.2
Other Income (Expense):      
Interest Income 2.7 1.5 1.2
Allowance for Equity Funds Used During Construction 2.4 11.0 26.4
Interest Expense (123.4) (119.7) (119.9)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 189.4 213.9 276.9
Income Tax Expense (Credit) 48.1 52.1 84.8
Equity Earnings (Loss) of Unconsolidated Subsidiaries (3.8) 7.9 3.9
NET INCOME (LOSS) 137.5 169.7 196.0
Net Income Attributable to Noncontrolling Interests 12.8 4.1 3.7
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 124.7 $ 165.6 $ 192.3