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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues      
Revenue from Contracts with Customers $ 16,195.7 $ 15,424.9 $ 16,380.1
Sales to AEP Affiliates 0.0 0.0 0.0
TOTAL REVENUES 16,195.7 15,424.9 16,380.1
Expenses      
Other Operation 2,979.2 2,525.2 2,996.1
Maintenance 1,247.4 1,145.6 1,241.7
Asset Impairments and Other Related Charges 70.6 87.1 2,267.8
Gain on Sale of Merchant Generation Assets 0.0 (226.4) 0.0
Depreciation and Amortization 2,286.6 1,997.2 1,962.3
Taxes Other Than Income Taxes 1,142.7 1,059.4 1,018.0
TOTAL EXPENSES 13,513.0 11,899.9 15,216.2
OPERATING INCOME (LOSS) 2,682.7 3,525.0 1,163.9
Other Income (Expense):      
Interest and Investment Income 11.6 16.0 16.3
Carrying Costs Income 6.6 18.6 16.2
Allowance for Equity Funds Used During Construction 132.5 93.7 113.2
Non-Service Cost Components of Net Periodic Benefit Cost 124.5 45.5 43.2
Gain on Sale of Equity Investment 0.0 12.4 0.0
Interest Expense (984.4) (895.0) (877.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 1,973.5 2,816.2 475.6
Income Tax Expense (Benefit) 115.3 969.7 (73.7)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 73.1 82.4 71.2
Income (Loss) from Continuing Operations 1,931.3 1,928.9 620.5
Income (Loss) from Discontinued Operations, Net of Tax 0.0 0.0 (2.5)
NET INCOME (LOSS) 1,931.3 1,928.9 618.0
Net Income Attributable to Noncontrolling Interests 7.5 16.3 7.1
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 1,923.8 $ 1,912.6 $ 610.9
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 492,774,600 491,814,651 491,495,458
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS $ 3.90 $ 3.89 $ 1.25
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS 0.00 0.00 (0.01)
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 3.90 $ 3.89 $ 1.24
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 493,758,277 492,611,067 491,662,007
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS $ 3.90 $ 3.88 $ 1.25
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS 0.00 0.00 (0.01)
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 3.90 $ 3.88 $ 1.24
Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers $ 9,556.7 $ 9,095.1 $ 9,012.4
Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 4,552.3 4,328.9 4,328.3
Generation and Marketing Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 1,818.1 1,771.4 2,858.7
Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 268.6 229.5 180.7
TOTAL REVENUES [1] 123.0    
Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 2,359.4 2,346.5 2,908.9
Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 3,427.1 2,965.3 2,821.4
AEP Texas Inc. [Member]      
Revenues      
Revenue from Contracts with Customers 1,493.0    
Sales to AEP Affiliates 105.2 65.7 75.7
TOTAL REVENUES 1,595.3 1,538.4 1,461.4
Expenses      
Other Operation 488.9 453.1 457.8
Maintenance 89.4 75.9 73.7
Asset Impairments and Other Related Charges     72.7
Depreciation and Amortization 499.6 450.1 413.9
Taxes Other Than Income Taxes 132.6 122.3 107.6
TOTAL EXPENSES 1,249.0 1,122.3 1,085.1
OPERATING INCOME (LOSS) 346.3 416.1 376.3
Other Income (Expense):      
Interest Income 0.8 2.9 10.9
Allowance for Equity Funds Used During Construction 20.0 6.8 9.2
Non-Service Cost Components of Net Periodic Benefit Cost 12.3 3.6 3.3
Interest Expense (147.3) (142.3) (144.4)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 232.1 287.1 255.3
Income Tax Expense (Benefit) 20.8 (23.4) 59.9
Income (Loss) from Continuing Operations 211.3 310.5 195.4
Income (Loss) from Discontinued Operations, Net of Tax 0.0 0.0 (48.8)
NET INCOME (LOSS) 211.3 310.5 146.6
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,486.3 1,470.3 1,383.2
AEP Texas Inc. [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 3.8 2.4 2.5
TOTAL REVENUES [2] 103.6    
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 38.5 20.9 32.1
AEP Transmission Co [Member]      
Revenues      
Revenue from Contracts with Customers 832.0    
Sales to AEP Affiliates 598.9 568.1 [3] 367.5
TOTAL REVENUES 776.1 706.9 [3] 478.0
Expenses      
Other Operation 83.8 60.1 37.0
Maintenance 10.5 8.5 6.7
Depreciation and Amortization 133.9 95.7 [3],[4] 65.9
Taxes Other Than Income Taxes 137.8 109.7 88.3
TOTAL EXPENSES 366.0 274.0 197.9
OPERATING INCOME (LOSS) 410.1 432.9 280.1
Other Income (Expense):      
Interest Income 2.5 1.2 [3] 0.4
Allowance for Equity Funds Used During Construction 70.6 49.0 [3],[5] 52.3
Interest Expense (83.2) (70.2) [3] (46.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 400.0 412.9 286.8
Income Tax Expense (Benefit) 84.1 142.2 [3],[6] 94.1
NET INCOME (LOSS) 315.9 270.7 [3],[6] 192.7
AEP Transmission Co [Member] | Transmission [Member]      
Revenues      
Revenue from Contracts with Customers 177.0 138.0 [3] 110.4
AEP Transmission Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 0.2 0.8 [3] 0.1
TOTAL REVENUES [2] 0.0    
Appalachian Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,993.2    
Sales to AEP Affiliates 181.4 172.0 142.1
TOTAL REVENUES 2,967.5 2,934.2 3,001.2
Expenses      
Other Operation 511.6 503.1 491.7
Maintenance 316.9 251.6 275.0
Depreciation and Amortization 428.4 407.9 388.5
Taxes Other Than Income Taxes 134.7 126.4 123.5
TOTAL EXPENSES 2,484.0 2,243.9 2,262.9
OPERATING INCOME (LOSS) 483.5 690.3 738.3
Other Income (Expense):      
Interest Income 1.8 1.4 1.3
Carrying Costs Income 1.3 1.4 0.4
Allowance for Equity Funds Used During Construction 13.2 9.2 11.7
Non-Service Cost Components of Net Periodic Benefit Cost 17.9 5.2 5.0
Interest Expense (194.8) (190.9) (188.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 322.9 516.6 568.2
Income Tax Expense (Benefit) (44.9) 185.3 199.1
NET INCOME (LOSS) 367.8 331.3 369.1
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,777.1 2,749.0 2,847.4
Appalachian Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 9.0 13.2 11.7
TOTAL REVENUES [2] (1.9)    
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 588.9 597.3 654.9
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 503.5 357.6 329.3
Indiana Michigan Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,381.0    
Sales to AEP Affiliates 22.1 1.8 26.2
Other Revenues - Affiliated 63.4 62.6 62.1
TOTAL REVENUES 2,370.7 2,121.2 2,167.6
Expenses      
Purchased Electricity from AEP Affiliates 237.9 223.9 228.6
Other Operation 585.4 591.3 579.3
Maintenance 238.1 208.4 205.6
Asset Impairments and Other Related Charges 0.0 0.0 10.5
Depreciation and Amortization 293.1 210.9 191.7
Taxes Other Than Income Taxes 98.9 92.2 94.8
TOTAL EXPENSES 1,993.5 1,774.0 1,793.3
OPERATING INCOME (LOSS) 377.2 347.2 374.3
Other Income (Expense):      
Interest Income 3.4 1.8 1.2
Carrying Costs Income 3.9 12.7 10.1
Allowance for Equity Funds Used During Construction 11.9 11.1 15.3
Non-Service Cost Components of Net Periodic Benefit Cost 18.1 6.1 7.3
Interest Expense (124.1) (110.8) (100.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 290.4 268.1 307.4
Income Tax Expense (Benefit) 29.1 81.4 67.5
NET INCOME (LOSS) 261.3 186.7 239.9
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,272.6 2,042.5 2,062.3
Indiana Michigan Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 12.6 14.3 17.0
Sales to AEP Affiliates 70.0    
TOTAL REVENUES [2] (8.2)    
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 318.3 295.1 284.1
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 221.8 152.2 198.7
Ohio Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 3,079.9    
Sales to AEP Affiliates 21.0 24.4 17.3
TOTAL REVENUES 3,063.4 2,883.9 2,953.9
Expenses      
Purchased Electricity from AEP Affiliates 135.3 108.5 141.9
Generation Deferrals 0.0 0.0 (82.7)
Amortization of Generation Deferrals 223.9 229.2 242.9
Other Operation 771.3 516.0 711.2
Maintenance 156.0 141.2 148.0
Depreciation and Amortization 259.7 225.9 238.6
Taxes Other Than Income Taxes 412.8 391.5 386.8
TOTAL EXPENSES 2,643.6 2,318.2 2,449.8
OPERATING INCOME (LOSS) 419.8 565.7 504.1
Other Income (Expense):      
Interest Income 3.4 4.9 3.8
Carrying Costs Income 1.7 3.6 19.9
Allowance for Equity Funds Used During Construction 9.8 6.4 6.0
Non-Service Cost Components of Net Periodic Benefit Cost 15.5 4.5 4.4
Interest Expense (100.7) (101.9) (112.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 349.5 483.2 426.0
Income Tax Expense (Benefit) 24.0 159.3 143.8
NET INCOME (LOSS) 325.5 323.9 282.2
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 3,033.8 2,853.5 2,930.1
Ohio Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 8.6 6.0 6.5
TOTAL REVENUES [2] 4.3    
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 684.6 705.9 663.1
Public Service Co Of Oklahoma [Member]      
Revenues      
Revenue from Contracts with Customers 1,536.4    
Sales to AEP Affiliates 5.4 4.3 2.6
TOTAL REVENUES 1,547.3 1,427.2 1,249.8
Expenses      
Purchased Electricity from AEP Affiliates 0.0 0.0 3.7
Other Operation 372.8 315.1 291.6
Maintenance 104.8 120.3 106.9
Depreciation and Amortization 164.0 130.4 130.2
Taxes Other Than Income Taxes 42.8 40.5 35.8
TOTAL EXPENSES 1,404.8 1,255.7 1,054.2
OPERATING INCOME (LOSS) 142.5 171.5 195.6
Other Income (Expense):      
Interest Income 0.1 0.1 0.7
Allowance for Equity Funds Used During Construction 0.4 0.5 6.2
Non-Service Cost Components of Net Periodic Benefit Cost 8.7 3.4 3.1
Interest Expense (63.5) (53.4) (51.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 88.2 122.1 154.4
Income Tax Expense (Benefit) 5.0 50.1 54.4
NET INCOME (LOSS) 83.2 72.0 100.0
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,537.6 1,417.5 1,242.8
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 4.3 5.4 4.4
TOTAL REVENUES [2] 0.0    
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 240.5 134.5 44.8
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 479.9 514.9 441.2
Southwestern Electric Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 1,817.0    
Sales to AEP Affiliates 28.4 25.9 24.5
TOTAL REVENUES 1,821.9 1,779.9 1,748.0
Expenses      
Other Operation 384.2 318.3 335.4
Maintenance 141.5 143.5 149.7
Asset Impairments and Other Related Charges 0.0 33.6 0.0
Depreciation and Amortization 239.5 217.4 196.5
Taxes Other Than Income Taxes 99.6 98.3 88.8
TOTAL EXPENSES 1,544.2 1,475.9 1,430.6
OPERATING INCOME (LOSS) 277.7 304.0 317.4
Other Income (Expense):      
Interest Income 5.4 2.7 1.5
Allowance for Equity Funds Used During Construction 6.0 2.4 11.0
Non-Service Cost Components of Net Periodic Benefit Cost 8.7 3.7 3.7
Interest Expense (127.9) (123.4) (119.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 169.9 189.4 213.9
Income Tax Expense (Benefit) 20.4 48.1 52.1
Equity Earnings (Loss) of Unconsolidated Subsidiaries 2.7 (3.8) 7.9
NET INCOME (LOSS) 152.2 137.5 169.7
Net Income Attributable to Noncontrolling Interests 5.0 12.8 4.1
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 147.2 124.7 165.6
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,791.9 1,752.1 1,721.5
Southwestern Electric Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 1.6 1.9 2.0
TOTAL REVENUES [2] 0.0    
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 502.3 496.1 517.8
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold $ 177.1 $ 168.7 $ 142.4
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Amounts include affiliated and nonaffiliated revenues.
[3] The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. See the “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.
[4] (a)Reflects the revisions made to AEPTCo’s previously issued financial statements. For additional details on the revisions to AEPTCo’s financial statements, see “Revisions to Previously Issued Financial Statements” below.
[5] The amount presented reflects the revisions made to AEPTCo’s previously issued financial statements. See the “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.
[6] The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. See “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.