XML 151 R67.htm IDEA: XBRL DOCUMENT v3.8.0.1
Business Segments (Details) - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Reportable Segment Information                      
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
Corporate and Other Revenues                 229.5 180.7 124.6
Sales to AEP Affiliates                 0.0 0.0 0.0
Total Revenues $ 3,810.4 $ 4,104.7 $ 3,576.5 $ 3,933.3 $ 3,790.1 $ 4,652.2 $ 3,892.9 $ 4,044.9 15,424.9 16,380.1 16,453.2
Asset Impairments and Other Related Charges                 87.1 2,267.8 0.0
Depreciation and Amortization                 1,997.2 1,962.3 2,009.7
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
Interest Expense                 895.0 877.2 873.9
Income Tax Expense (Credit)                 969.7 (73.7) 919.6
Income from Continuing Operations         375.2 (764.2) [1] 506.4 503.1 1,928.9 620.5 1,768.6
Income (Loss) from Discontinued Operations, Net of Tax         0.0 0.0 (2.5) [2] 0.0 0.0 (2.5) 283.7
NET INCOME (LOSS) 401.8 556.7 376.2 594.2 375.2 (764.2) [1] 503.9 503.1 1,928.9 618.0 2,052.3
Gross Property Additions                 5,698.1 4,889.0 4,513.3
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 67,428.5       62,036.6       67,428.5 62,036.6  
Accumulated Depreciation and Amortization 17,167.0       16,397.3       17,167.0 16,397.3  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 50,261.5       45,639.3 [3]       50,261.5 45,639.3 [3]  
Assets Held for Sale         1,951.2         1,951.2  
Total Assets 64,729.1       63,467.7       64,729.1 63,467.7 61,683.1
Investments in Equity Method Investees 812.3       809.4       812.3 809.4  
Long-term Debt Due Within One Year 1,753.7       2,878.0       1,753.7 2,878.0  
Long-term Debt - Affiliated 0.0       0.0       0.0 0.0  
Long-term Debt 19,419.6       17,378.4       19,419.6 17,378.4  
Total Long-term Debt Outstanding 21,173.3       20,256.4       21,173.3 20,256.4  
Disposal Group, Including Discontinued Operation, Liabilities, Current 0.0       235.9       0.0 235.9  
Vertically Integrated Utilities [Member]                      
Reportable Segment Information                      
Vertically Integrated Utilities                 9,095.1 9,012.4 9,069.9
Sales to AEP Affiliates                 96.9 79.5 102.3
Total Revenues                 9,192.0 9,091.9 9,172.2
Asset Impairments and Other Related Charges                 33.6 10.5  
Depreciation and Amortization                 1,142.5 1,073.8 1,062.6
Interest and Investment Income                 6.8 4.8 4.6
Carrying Costs Income                 15.2 10.5 11.8
Interest Expense                 540.0 522.1 517.4
Income Tax Expense (Credit)                 425.6 397.3 449.3
Income from Continuing Operations                 803.3 984.0 900.2
Income (Loss) from Discontinued Operations, Net of Tax                 0.0 0.0 0.0
NET INCOME (LOSS)                 803.3 984.0 900.2
Gross Property Additions                 2,343.2 2,237.0 2,222.3
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 43,294.4       41,552.6       43,294.4 41,552.6  
Accumulated Depreciation and Amortization 13,153.4       12,596.7       13,153.4 12,596.7  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 30,141.0       28,955.9       30,141.0 28,955.9  
Assets Held for Sale         0.0         0.0  
Total Assets 37,579.7       37,428.3       37,579.7 37,428.3 35,792.3
Investments in Equity Method Investees 37.1       41.2       37.1 41.2  
Long-term Debt Due Within One Year 1,038.1       1,519.9       1,038.1 1,519.9  
Long-term Debt - Affiliated 50.0       20.0       50.0 20.0  
Long-term Debt 10,801.4       10,353.3       10,801.4 10,353.3  
Total Long-term Debt Outstanding 11,889.5       11,893.2       11,889.5 11,893.2  
Disposal Group, Including Discontinued Operation, Liabilities, Current         0.0         0.0  
Transmission and Distribution Companies [Member]                      
Reportable Segment Information                      
Transmission and Distribution Utilities                 4,328.9 4,328.3 4,392.0
Sales to AEP Affiliates                 90.4 94.1 164.6
Total Revenues                 4,419.3 4,422.4 4,556.6
Asset Impairments and Other Related Charges                 0.0 0.0  
Depreciation and Amortization                 667.5 649.9 686.4
Interest and Investment Income                 7.7 14.8 6.4
Carrying Costs Income                 3.6 20.0 11.8
Interest Expense                 244.1 256.9 276.2
Income Tax Expense (Credit)                 127.2 205.1 185.5
Income from Continuing Operations                 636.4 482.1 352.4
Income (Loss) from Discontinued Operations, Net of Tax                 0.0 0.0 0.0
NET INCOME (LOSS)                 636.4 482.1 352.4
Gross Property Additions                 1,558.4 1,058.3 1,048.4
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 16,371.2       14,762.2       16,371.2 14,762.2  
Accumulated Depreciation and Amortization 3,768.3       3,655.0       3,768.3 3,655.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 12,602.9       11,107.2       12,602.9 11,107.2  
Assets Held for Sale         0.0         0.0  
Total Assets 16,060.7       14,802.4       16,060.7 14,802.4 14,795.0
Investments in Equity Method Investees 1.5       1.2       1.5 1.2  
Long-term Debt Due Within One Year 663.1       309.4       663.1 309.4  
Long-term Debt - Affiliated 0.0       0.0       0.0 0.0  
Long-term Debt 4,705.4       4,672.2       4,705.4 4,672.2  
Total Long-term Debt Outstanding 5,368.5       4,981.6       5,368.5 4,981.6  
Disposal Group, Including Discontinued Operation, Liabilities, Current         0.0         0.0  
AEP Transmission Holdco                      
Reportable Segment Information                      
Transmission Revenue                 178.4 145.9 100.6
Sales to AEP Affiliates                 588.3 366.9 228.6
Total Revenues                 766.7 512.8 329.2
Asset Impairments and Other Related Charges                 0.0 0.0  
Depreciation and Amortization                 102.2 67.1 43.0
Interest and Investment Income                 1.2 0.4 0.2
Carrying Costs Income                 (0.2) (0.3) (0.2)
Interest Expense                 72.8 50.3 37.2
Income Tax Expense (Credit)                 189.8 134.1 91.3
Income from Continuing Operations                 355.6 269.3 192.7
Income (Loss) from Discontinued Operations, Net of Tax                 0.0 0.0 0.0
NET INCOME (LOSS)                 355.6 269.3 192.7
Gross Property Additions                 1,542.8 1,265.8 1,121.3
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 7,110.2       5,354.0       7,110.2 5,354.0  
Accumulated Depreciation and Amortization 176.6       101.4       176.6 101.4  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 6,933.6       5,252.6       6,933.6 5,252.6  
Assets Held for Sale         0.0         0.0  
Total Assets 8,141.8       6,384.8       8,141.8 6,384.8 5,012.1
Investments in Equity Method Investees 742.9       742.0       742.9 742.0  
Long-term Debt Due Within One Year 50.0       0.0       50.0 0.0  
Long-term Debt - Affiliated 0.0       0.0       0.0 0.0  
Long-term Debt 2,631.3       2,055.7       2,631.3 2,055.7  
Total Long-term Debt Outstanding 2,681.3       2,055.7       2,681.3 2,055.7  
Disposal Group, Including Discontinued Operation, Liabilities, Current         0.0         0.0  
Generation and Marketing [Member]                      
Reportable Segment Information                      
Generation and Marketing Revenues                 1,771.4 2,858.7 2,866.7
Sales to AEP Affiliates                 103.7 127.3 546.0
Total Revenues                 1,875.1 2,986.0 3,412.7
Asset Impairments and Other Related Charges                 53.5 2,257.3  
Depreciation and Amortization                 24.2 154.6 201.4
Interest and Investment Income                 10.3 1.4 2.8
Carrying Costs Income                 0.0 0.0 0.0
Interest Expense                 18.5 35.8 40.0
Income Tax Expense (Credit)                 189.7 (666.5) 194.6
Income from Continuing Operations                 166.0 (1,198.0) 366.0
Income (Loss) from Discontinued Operations, Net of Tax                 0.0 0.0 0.0
NET INCOME (LOSS)                 166.0 (1,198.0) 366.0
Gross Property Additions                 328.5 336.2 134.3
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 644.6       364.7       644.6 364.7  
Accumulated Depreciation and Amortization 75.0       42.2       75.0 42.2  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 569.6       322.5       569.6 322.5  
Assets Held for Sale         1,951.2         1,951.2  
Total Assets 2,009.8       3,386.1       2,009.8 3,386.1 5,414.5
Investments in Equity Method Investees 16.6       0.1       16.6 0.1  
Long-term Debt Due Within One Year 0.0       500.1       0.0 500.1  
Long-term Debt - Affiliated 32.2       32.2       32.2 32.2  
Long-term Debt (0.3)       0.0       (0.3) 0.0  
Total Long-term Debt Outstanding 31.9       532.3       31.9 532.3  
Disposal Group, Including Discontinued Operation, Liabilities, Current         235.9         235.9  
All Other [Member]                      
Reportable Segment Information                      
Corporate and Other Revenues                 51.1 34.8 24.0
Sales to AEP Affiliates                 69.7 70.3 75.0
Total Revenues [4]                 120.8 105.1 99.0
Asset Impairments and Other Related Charges [4]                 0.0 0.0  
Depreciation and Amortization [4]                 0.3 0.2 0.8
Interest and Investment Income [4]                 23.3 11.8 9.2
Carrying Costs Income [4]                 0.0 0.0 0.0
Interest Expense [4]                 63.9 40.5 30.3
Income Tax Expense (Credit) [4]                 37.4 (143.7) (1.1)
Income from Continuing Operations [4]                 (32.4) 83.1 (42.7)
Income (Loss) from Discontinued Operations, Net of Tax [4]                 0.0 (2.5) 283.7
NET INCOME (LOSS) [4]                 (32.4) 80.6 241.0
Gross Property Additions [4]                 15.6 9.8 4.8
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) [4] 374.5       356.6       374.5 356.6  
Accumulated Depreciation and Amortization [4] 180.6       186.0       180.6 186.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET [4] 193.9       170.6       193.9 170.6  
Assets Held for Sale [4]         0.0         0.0  
Total Assets [4],[5] 3,959.1       3,883.4       3,959.1 3,883.4 3,628.5
Investments in Equity Method Investees [4] 14.2       24.9       14.2 24.9  
Long-term Debt Due Within One Year [4] 2.5       548.6       2.5 548.6  
Long-term Debt - Affiliated [4] 0.0       0.0       0.0 0.0  
Long-term Debt [4] 1,281.8       297.2       1,281.8 297.2  
Total Long-term Debt Outstanding [4] 1,284.3       845.8       1,284.3 845.8  
Disposal Group, Including Discontinued Operation, Liabilities, Current         0.0         0.0  
Reconciling Adjustments [Member]                      
Reportable Segment Information                      
Corporate and Other Revenues                 0.0 0.0 0.0
Sales to AEP Affiliates                 (949.0) (738.1) (1,116.5)
Total Revenues                 (949.0) (738.1) (1,116.5)
Asset Impairments and Other Related Charges                 0.0 0.0  
Depreciation and Amortization [6]                 60.5 16.7 15.5
Interest and Investment Income                 (33.3) (16.9) (15.3)
Carrying Costs Income                 0.0 (14.0) 0.1
Interest Expense [6]                 (44.3) (28.4) (27.2)
Income Tax Expense (Credit)                 0.0 0.0 0.0
Income from Continuing Operations                 0.0 0.0 0.0
Income (Loss) from Discontinued Operations, Net of Tax                 0.0 0.0 0.0
NET INCOME (LOSS)                 0.0 0.0 0.0
Gross Property Additions                 (90.4) (18.1) (17.8)
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) [6] (366.4)       (353.5)       (366.4) (353.5)  
Accumulated Depreciation and Amortization [6] (186.9)       (184.0)       (186.9) (184.0)  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET [6] (179.5)       (169.5)       (179.5) (169.5)  
Assets Held for Sale         0.0         0.0  
Total Assets [6],[7] (3,022.0)       (2,417.3)       (3,022.0) (2,417.3) (2,959.3)
Investments in Equity Method Investees 0.0       0.0       0.0 0.0  
Long-term Debt Due Within One Year 0.0       0.0       0.0 0.0  
Long-term Debt - Affiliated (82.2)       (52.2)       (82.2) (52.2)  
Long-term Debt 0.0       0.0       0.0 0.0  
Total Long-term Debt Outstanding (82.2)       (52.2)       (82.2) (52.2)  
Disposal Group, Including Discontinued Operation, Liabilities, Current         0.0         0.0  
AEP Transmission Co [Member]                      
Reportable Segment Information                      
Transmission Revenue                 141.9 110.4 84.3
Corporate and Other Revenues                 0.8 0.1 0.3
Sales to AEP Affiliates                 580.5 367.5 225.6
Total Revenues 173.8 167.3 229.4 152.7 120.0 125.3 153.1 79.6 723.2 478.0 310.2
Depreciation and Amortization                 97.1 65.9 42.4
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 Tax Expense (Credit)                 147.2 94.1 60.0
Income from Continuing Operations         0.0 0.0 0.0 0.0      
Income (Loss) from Discontinued Operations, Net of Tax         0.0 0.0 0.0 0.0      
NET INCOME (LOSS) 61.8 $ 59.9 $ 107.4 $ 57.0 39.7 $ 52.4 $ 74.8 $ 25.8 286.1 192.7 132.9
Gross Property Additions                 1,522.5 1,166.0 1,008.9
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 6,780.2       5,054.2       6,780.2 5,054.2  
Accumulated Depreciation and Amortization 170.4       99.6       170.4 99.6  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 6,609.8       4,954.6       6,609.8 4,954.6  
Notes Receivable, Related Parties 0.0       0.0       0.0 0.0  
Total Assets 7,068.1       5,349.8       7,068.1 5,349.8 4,156.5
Long-term Debt Due Within One Year 50.0       0.0       50.0 0.0  
Long-term Debt 2,500.4       1,932.0       2,500.4 1,932.0  
Total Long-term Debt Outstanding 2,550.4       1,932.0       2,550.4 1,932.0  
AEP Transmission Co [Member] | State Transcos [Member]                      
Reportable Segment Information                      
Transmission Revenue                 141.9 110.4 84.3
Corporate and Other Revenues                 0.8 0.1 0.3
Sales to AEP Affiliates                 580.5 367.5 225.6
Total Revenues                 723.2 478.0 310.2
Depreciation and Amortization                 97.1 65.9 42.4
Interest Income                 0.7 0.1 0.1
Allowance for Equity Funds Used During Construction                 52.3 52.3 53.0
Interest Expense                 68.0 45.6 34.4
Income Tax Expense (Credit)                 147.0 94.4 60.1
NET INCOME (LOSS)                 285.8 193.3 133.2
Gross Property Additions                 1,522.5 1,166.0 1,008.9
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 6,780.2       5,054.2       6,780.2 5,054.2  
Accumulated Depreciation and Amortization 170.4       99.6       170.4 99.6  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 6,609.8       4,954.6       6,609.8 4,954.6  
Notes Receivable, Related Parties 0.0       0.0       0.0 0.0  
Total Assets 7,072.9       5,337.5       7,072.9 5,337.5 4,143.6
Total Long-term Debt Outstanding 2,575.0       1,932.0       2,575.0 1,932.0  
AEP Transmission Co [Member] | AEPTCo Parent [Member]                      
Reportable Segment Information                      
Transmission Revenue                 0.0 0.0 0.0
Corporate and Other Revenues                 0.0 0.0 0.0
Sales to AEP Affiliates                 0.0 0.0 0.0
Total Revenues                 0.0 0.0 0.0
Depreciation and Amortization                 0.0 0.0 0.0
Interest Income                 82.9 57.8 49.6
Allowance for Equity Funds Used During Construction                 0.0 0.0 0.0
Interest Expense                 82.4 57.9 49.8
Income Tax Expense (Credit)                 0.2 (0.3) (0.1)
NET INCOME (LOSS) [8]                 0.3 (0.6) (0.3)
Gross Property Additions                 0.0 0.0 0.0
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 0.0       0.0       0.0 0.0  
Accumulated Depreciation and Amortization 0.0       0.0       0.0 0.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 0.0       0.0       0.0 0.0  
Notes Receivable, Related Parties 2,550.4       1,950.0       2,550.4 1,950.0  
Total Assets [9] 2,590.1       1,987.7       2,590.1 1,987.7 1,588.4
Total Long-term Debt Outstanding 2,550.4       1,950.0       2,550.4 1,950.0  
AEP Transmission Co [Member] | Reconciling Adjustments [Member]                      
Reportable Segment Information                      
Transmission Revenue                 0.0 0.0 0.0
Corporate and Other Revenues                 0.0 0.0 0.0
Sales to AEP Affiliates                 0.0 0.0 0.0
Total Revenues                 0.0 0.0 0.0
Depreciation and Amortization                 0.0 0.0 0.0
Interest Income [10]                 (82.4) (57.5) (49.6)
Allowance for Equity Funds Used During Construction                 0.0 0.0 0.0
Interest Expense [10]                 (82.4) (57.5) (49.6)
Income Tax Expense (Credit)                 0.0 0.0 0.0
NET INCOME (LOSS)                 0.0 0.0 0.0
Gross Property Additions                 0.0 0.0 0.0
Balance Sheet Information                      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 0.0       0.0       0.0 0.0  
Accumulated Depreciation and Amortization 0.0       0.0       0.0 0.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 0.0       0.0       0.0 0.0  
Notes Receivable, Related Parties [11] (2,550.4)       (1,950.0)       (2,550.4) (1,950.0)  
Total Assets [12] (2,594.9)       (1,975.4)       (2,594.9) (1,975.4) $ (1,575.5)
Total Long-term Debt Outstanding [11] $ (2,575.0)       $ (1,950.0)       $ (2,575.0) $ (1,950.0)  
[1] Includes impairments for certain merchant generation assets (see Note 7).
[2] Includes final accounting adjustment for sale of AEPRO (see Note 7).
[3] Amount excludes $1.8 billion of Property, Plant and Equipment - Net classified as Assets Held for Sale on the balance sheet. See “Gavin, Waterford, Darby and Lawrenceburg Plants (Generation & Marketing Segment)” section of Note 7 for additional information.
[4] Corporate and Other primarily includes the purchasing of receivables from certain AEP utility subsidiaries. This segment also includes Parent’s guarantee revenue received from affiliates, investment income, interest income, interest expense and discontinued operations of AEPRO and other nonallocated costs.
[5] Includes the elimination of AEP Parent’s investments in wholly-owned subsidiary companies.
[6] Includes eliminations due to an intercompany capital lease.
[7] Reconciling Adjustments for Total Assets primarily include the elimination of intercompany advances to affiliates and intercompany accounts receivable
[8] Includes the elimination of AEPTCo Parent’s equity earnings in State Transcos.
[9] Includes the elimination of AEPTCo Parent’s investments in State Transcos.
[10] Elimination of intercompany interest income/interest expense on affiliated debt arrangement.
[11] Elimination of intercompany debt.
[12] Primarily relates to the elimination of Notes Receivable from the State Transcos.