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Revenue from Contracts with Customers (Tables)
12 Months Ended
Dec. 31, 2019
Disaggregated Revenues from Contracts with Customers
 
 
Year Ended December 31, 2019
 
 
Vertically Integrated Utilities
 
Transmission and Distribution Utilities
 
AEP Transmission Holdco
 
Generation & Marketing
 
Corporate and Other
 
Reconciling Adjustments
 
AEP Consolidated
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
3,643.7

 
$
2,069.9

 
$

 
$

 
$

 
$

 
$
5,713.6

Commercial Revenues
 
2,155.3

 
1,152.9

 

 

 

 

 
3,308.2

Industrial Revenues
 
2,179.0

 
429.1

 

 

 

 
(0.9
)
 
2,607.2

Other Retail Revenues
 
179.1

 
43.8

 

 

 

 

 
222.9

Total Retail Revenues
 
8,157.1

 
3,695.7

 

 

 

 
(0.9
)
 
11,851.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale and Competitive Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (b)
 
807.6

 

 

 
254.8

 

 

 
1,062.4

Transmission Revenues (a)
 
292.1

 
435.1

 
1,077.2

 

 

 
(825.0
)
 
979.4

Renewable Generation Revenues (c)
 

 

 

 
57.3

 

 

 
57.3

Retail, Trading and Marketing Revenues (b)
 

 

 

 
1,480.7

 

 
(135.6
)
 
1,345.1

Total Wholesale and Competitive Retail Revenues
 
1,099.7

 
435.1

 
1,077.2

 
1,792.8

 

 
(960.6
)
 
3,444.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (c)
 
168.2

 
169.4

 
16.6

 
4.9

 
104.7

 
(147.1
)
 
316.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
9,425.0

 
4,300.2

 
1,093.8

 
1,797.7

 
104.7

 
(1,108.6
)
 
15,612.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (c)
 
(57.9
)
 
32.3

 
(20.6
)
 

 

 
(66.9
)
 
(113.1
)
Other Revenues (c)
 

 
150.0

 

 
59.9

 
(8.9
)
 
(139.3
)
 
61.7

Total Other Revenues
 
(57.9
)
 
182.3

 
(20.6
)
 
59.9

 
(8.9
)
 
(206.2
)
 
(51.4
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
9,367.1

 
$
4,482.5

 
$
1,073.2

 
$
1,857.6

 
$
95.8

 
$
(1,314.8
)
 
$
15,561.4



(a)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $794 million. The remaining affiliated amounts were immaterial.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $136 million. The remaining affiliated amounts were immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues.
 
 
Year Ended December 31, 2018
 
 
Vertically Integrated Utilities
 
Transmission and Distribution Utilities
 
AEP Transmission Holdco
 
Generation & Marketing
 
Corporate and Other
 
Reconciling Adjustments
 
AEP Consolidated
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
3,751.8

 
$
2,189.4

 
$

 
$

 
$

 
$

 
$
5,941.2

Commercial Revenues
 
2,183.4

 
1,251.7

 

 

 

 

 
3,435.1

Industrial Revenues
 
2,212.8

 
512.5

 

 

 

 

 
2,725.3

Other Retail Revenues
 
183.5

 
42.7

 

 

 

 

 
226.2

Total Retail Revenues (a)
 
8,331.5

 
3,996.3

 

 

 

 

 
12,327.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale and Competitive Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (d)
 
899.8

 

 

 
423.7

 

 
(7.3
)
(e)
1,316.2

Transmission Revenues (b)
 
282.2

 
372.1

 
849.3

 

 

 
(737.1
)
 
766.5

Renewable Generation Revenues (d)
 

 

 

 
50.8

 

 

 
50.8

Retail, Trading and Marketing Revenues (c)
 

 

 

 
1,422.9

 

 
(120.7
)
 
1,302.2

Total Wholesale and Competitive Retail Revenues
 
1,182.0

 
372.1

 
849.3

 
1,897.4



 
(865.1
)
 
3,435.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (d)
 
158.4

 
204.6

 
15.2

 
20.6

 
86.2

 
(32.0
)
 
453.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
9,671.9

 
4,573.0

 
864.5

 
1,918.0

 
86.2

 
(897.1
)
 
16,216.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (d)
 
(15.9
)
 
(22.2
)
 
(60.4
)
 

 

 
52.7

 
(45.8
)
Other Revenues (d)
 
(10.5
)
 
102.3

 

 
22.3

 
8.9

 
(98.0
)
(e)
25.0

Total Other Revenues
 
(26.4
)
 
80.1

 
(60.4
)
 
22.3

 
8.9

 
(45.3
)
 
(20.8
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
9,645.5

 
$
4,653.1

 
$
804.1

 
$
1,940.3

 
$
95.1

 
$
(942.4
)
 
$
16,195.7


(a)
2018 amounts have been revised to reflect the reclassification of certain customer accounts between Retail classes. This reclassification did not impact previously reported Total Retail Revenues. Management concluded that these prior period disclosure only errors were immaterial individually and in the aggregate.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $643 million. The remaining affiliated amounts were immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $121 million. The remaining affiliated amounts were immaterial.
(d)
Amounts include affiliated and nonaffiliated revenues.
(e)
2018 amounts have been revised to reflect the reclassification of $98 million of affiliated revenues between Generation Revenues and Other Revenues. This reclassification did not impact previously reported Total Revenues. Management concluded that these prior period disclosure only errors were immaterial individually and in the aggregate.





 
 
Year Ended December 31, 2019
 
 
AEP Texas
 
AEPTCo
 
APCo
 
I&M
 
OPCo
 
PSO
 
SWEPCo
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
571.5

 
$

 
$
1,266.9

 
$
730.0

 
$
1,502.0

 
$
650.2

 
$
638.6

Commercial Revenues
 
411.5

 

 
559.9

 
494.2

 
738.5

 
388.5

 
485.4

Industrial Revenues
 
129.4

 

 
592.2

 
550.7

 
299.9

 
303.5

 
338.7

Other Retail Revenues
 
29.9

 

 
75.2

 
7.3

 
13.1

 
81.6

 
9.0

Total Retail Revenues
 
1,142.3

 

 
2,494.2

 
1,782.2

 
2,553.5

 
1,423.8

 
1,471.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (a)
 

 

 
251.5

 
402.4

 

 
39.5

 
194.7

Transmission Revenues (b)
 
379.2

 
1,025.5

 
103.6

 
25.1

 
56.0

 
27.5

 
106.7

Total Wholesale Revenues
 
379.2

 
1,025.5

 
355.1

 
427.5

 
56.0

 
67.0

 
301.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (c)
 
30.1

 
16.6

 
61.8

 
98.4

 
139.3

 
22.0

 
26.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
1,551.6

 
1,042.1

 
2,911.1

 
2,308.1

 
2,748.8

 
1,512.8

 
1,799.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (d)
 
0.6

 
(20.7
)
 
13.6

 
(1.4
)
 
31.7

 
(31.0
)
 
(48.3
)
Other Revenues (d)
 
157.1

 

 

 

 
17.1

 

 

Total Other Revenues
 
157.7

 
(20.7
)
 
13.6

 
(1.4
)
 
48.8

 
(31.0
)
 
(48.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
1,709.3

 
$
1,021.4

 
$
2,924.7

 
$
2,306.7

 
$
2,797.6

 
$
1,481.8

 
$
1,750.9


(a)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $129 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $782 million. The remaining affiliated amounts were immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $73 million primarily relating to the barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)
Amounts include affiliated and nonaffiliated revenues.

 
 
Year Ended December 31, 2018
 
 
AEP Texas
 
AEPTCo
 
APCo
 
I&M
 
OPCo
 
PSO
 
SWEPCo
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
578.9

 
$

 
$
1,342.7

 
$
730.0

 
$
1,611.6

 
$
659.0

 
$
641.6

Commercial Revenues
 
414.7

 

 
580.4

 
485.0

 
835.6

 
394.2

 
483.9

Industrial Revenues
 
128.0

 

 
604.3

 
565.6

 
385.2

 
304.0

 
333.7

Other Retail Revenues
 
29.4

 

 
77.4

 
7.2

 
12.9

 
83.6

 
8.6

Total Retail Revenues (a)
 
1,151.0

 

 
2,604.8

 
1,787.8

 
2,845.3

 
1,440.8

 
1,467.8

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (b)
 

 

 
250.4

 
470.5

 

 
36.3

 
216.8

Transmission Revenues (c)
 
313.4

 
816.9

 
82.7

 
23.1

 
58.5

 
40.2

 
108.4

Total Wholesale Revenues
 
313.4

 
816.9

 
333.1

 
493.6

 
58.5

 
76.5

 
325.2

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (d)
 
28.6

 
15.1

 
55.3

 
99.6

 
176.1

 
19.1

 
24.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
1,493.0

 
832.0

 
2,993.2

 
2,381.0

 
3,079.9

 
1,536.4

 
1,817.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (e)
 
(1.3
)
 
(55.9
)
 
(23.8
)
 
(2.1
)
 
(20.8
)
 
10.9

 
4.9

Other Revenues (e)
 
103.6

 

 
(1.9
)
 
(8.2
)
 
4.3

 

 

Total Other Revenues
 
102.3

 
(55.9
)
 
(25.7
)
 
(10.3
)
 
(16.5
)
 
10.9

 
4.9

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
1,595.3

 
$
776.1

 
$
2,967.5

 
$
2,370.7

 
$
3,063.4

 
$
1,547.3

 
$
1,821.9


(a)
2018 amounts have been revised to reflect the reclassification of certain customer accounts between Retail classes. This reclassification did not impact previously reported Total Retail Revenues. Management concluded that these prior period disclosure only errors were immaterial individually and in the aggregate.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $134 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $646 million. The remaining affiliated amounts were immaterial.
(d)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $70 million primarily relating to the barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)
Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations
Company
 
2020
 
2021-2022
 
2023-2024
 
After 2024
 
Total
 
 
(in millions)
AEP
 
$
953.0

 
$
160.8

 
$
160.6

 
$
223.5

 
$
1,497.9

AEP Texas
 
387.0

 

 

 

 
387.0

AEPTCo
 
1,090.7

 

 

 

 
1,090.7

APCo
 
158.0

 
32.3

 
23.2

 
11.6

 
225.1

I&M
 
29.6

 
8.8

 
8.8

 
4.4

 
51.6

OPCo
 
61.0

 

 

 

 
61.0

PSO
 
11.7

 

 

 

 
11.7

SWEPCo
 
30.4

 

 

 

 
30.4


Affiliated Accounts Receivable Contracts with Customers
 
 
Years Ended December 31,
Company
 
2019
 
2018
 
 
(in millions)
AEPTCo
 
$
65.9

 
$
58.6

APCo
 
47.3

 
52.5

I&M
 
37.1

 
35.3

OPCo
 
33.9

 
46.1

PSO
 
9.7

 
12.4

SWEPCo
 
17.6

 
16.3