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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Revenue from Contracts with Customers $ 3,747.5 $ 4,056.8
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 3,747.5 4,056.8
Expenses    
Other Operation 602.1 666.0
Maintenance 249.5 274.5
Depreciation and Amortization 672.2 605.8
Taxes Other Than Income Taxes 321.1 309.9
TOTAL EXPENSES 2,995.9 3,268.4
OPERATING INCOME (LOSS) 751.6 788.4
Other Income (Expense):    
Other Income (4.4) 8.6
Allowance for Equity Funds Used During Construction 31.4 28.9
Non-Service Cost Components of Net Periodic Benefit Cost 29.7 30.0
Interest Expense (292.1) (255.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 516.2 600.1
Income Tax Expense (Benefit) 46.5 44.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 29.6 18.5
Net Income (Loss) 499.3 574.1
Net Income (Loss) Attributable to Noncontrolling Interests 4.1 1.3
Earnings Attributable to Common Shareholders $ 495.2 $ 572.8
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 494,596,869 493,309,076
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.00 $ 1.16
Weighted Average Number of Diluted AEP Common Shares Outstanding 496,608,918 494,484,144
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.00 $ 1.16
Common Stock, Dividends Per Share, Declared $ 0.70 $ 0.67
Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers $ 2,193.0 $ 2,372.3
Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,075.2 1,179.8
Generation and Marketing [Member]    
Revenues    
Revenue from Contracts with Customers 408.4 439.7
Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 70.9 65.0
Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 184.5 294.7
Expenses    
Cost of Goods and Services Sold 355.3 550.4
Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 795.7 861.8
AEP Texas Inc. [Member]    
Revenues    
Sales to AEP Affiliates 31.1 40.2
TOTAL REVENUES 423.6 390.7
Expenses    
Other Operation 117.5 109.8
Maintenance 20.6 25.3
Depreciation and Amortization 162.5 138.9
Taxes Other Than Income Taxes 34.0 36.5
TOTAL EXPENSES 334.6 319.9
OPERATING INCOME (LOSS) 89.0 70.8
Other Income (Expense):    
Interest Income 0.6 0.4
Allowance for Equity Funds Used During Construction 5.1 1.8
Non-Service Cost Components of Net Periodic Benefit Cost 2.8 2.8
Interest Expense (42.5) (37.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 55.0 38.4
Income Tax Expense (Benefit) 7.4 4.0
Net Income (Loss) 47.6 34.4
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 391.6 349.8
AEP Texas Inc. [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.9 0.7
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 [1] 0.0 [2]
Expenses    
Cost of Goods and Services Sold 0.0 9.4
AEP Transmission Co [Member]    
Revenues    
Sales to AEP Affiliates 233.7 193.2
TOTAL REVENUES 295.6 243.5
Expenses    
Other Operation 23.8 17.0
Maintenance 3.2 3.2
Depreciation and Amortization 56.0 40.3
Taxes Other Than Income Taxes 50.4 41.4
TOTAL EXPENSES 133.4 101.9
OPERATING INCOME (LOSS) 162.2 141.6
Other Income (Expense):    
Interest Income 0.8 0.7
Allowance for Equity Funds Used During Construction 16.2 11.3
Interest Expense (29.6) (21.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 149.6 131.9
Income Tax Expense (Benefit) 31.8 27.6
Net Income (Loss) 117.8 104.3
AEP Transmission Co [Member] | Transmission [Member]    
Revenues    
Revenue from Contracts with Customers 61.3 50.3
AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.6 0.0
AEP Transmission Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 [1] 0.0 [2]
Appalachian Power Co [Member]    
Revenues    
Sales to AEP Affiliates 49.7 51.7
TOTAL REVENUES 749.4 792.8
Expenses    
Other Operation 134.0 136.9
Maintenance 50.3 61.5
Depreciation and Amortization 122.2 112.5
Taxes Other Than Income Taxes 37.9 35.9
TOTAL EXPENSES 578.0 640.7
OPERATING INCOME (LOSS) 171.4 152.1
Other Income (Expense):    
Interest Income 0.3 0.8
Allowance for Equity Funds Used During Construction 2.4 1.7
Non-Service Cost Components of Net Periodic Benefit Cost 4.7 4.3
Interest Expense (53.1) (49.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 125.7 109.6
Income Tax Expense (Benefit) 10.4 (24.1)
Net Income (Loss) 115.3 133.7
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 697.0 738.7
Appalachian Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.7 2.4
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 54.1 [1] 67.5 [2]
Sales to AEP Affiliates 33.0 35.0
Expenses    
Cost of Goods and Services Sold 111.0 183.3
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 122.6 110.6
Indiana Michigan Power Co [Member]    
Revenues    
Sales to AEP Affiliates 2.9 2.3
Other Revenues - Affiliated 12.5 13.3
TOTAL REVENUES 570.3 614.3
Expenses    
Purchased Electricity from AEP Affiliates 36.2 59.8
Other Operation 144.7 140.5
Maintenance 49.1 58.3
Depreciation and Amortization 93.9 86.2
Taxes Other Than Income Taxes 26.4 27.3
TOTAL EXPENSES 453.6 499.3
OPERATING INCOME (LOSS) 116.7 115.0
Other Income (Expense):    
Other Income 2.5 5.7
Allowance for Equity Funds Used During Construction 2.0 6.2
Non-Service Cost Components of Net Periodic Benefit Cost 4.2 4.4
Interest Expense (30.7) (28.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 92.7 96.2
Income Tax Expense (Benefit) 0.4 (2.7)
Net Income (Loss) 92.3 98.9
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 553.4 596.7
Indiana Michigan Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 1.5 2.0
Sales to AEP Affiliates 16.0 15.0
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 78.4 [1] 111.9 [2]
Expenses    
Cost of Goods and Services Sold 53.2 57.6
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 50.1 69.6
Ohio Power Co [Member]    
Revenues    
Sales to AEP Affiliates 8.4 7.5
TOTAL REVENUES 690.3 836.8
Expenses    
Purchased Electricity from AEP Affiliates 42.4 46.1
Amortization of Generation Deferrals 0.0 32.4
Other Operation 177.3 216.9
Maintenance 31.6 32.5
Depreciation and Amortization 70.5 63.3
Taxes Other Than Income Taxes 112.0 108.9
TOTAL EXPENSES 582.9 674.3
OPERATING INCOME (LOSS) 107.4 162.5
Other Income (Expense):    
Interest Income 0.2 0.8
Carrying Costs Income 0.4 0.2
Allowance for Equity Funds Used During Construction 1.9 5.2
Non-Service Cost Components of Net Periodic Benefit Cost 3.8 3.7
Interest Expense (28.9) (24.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 84.8 147.8
Income Tax Expense (Benefit) 9.7 19.8
Net Income (Loss) 75.1 128.0
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 679.2 826.5
Ohio Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.7 2.8
Ohio Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 [1] 0.0 [2]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 149.1 174.2
Public Service Co Of Oklahoma [Member]    
Revenues    
Sales to AEP Affiliates 1.1 1.6
TOTAL REVENUES 297.3 332.8
Expenses    
Other Operation 87.2 73.6
Maintenance 24.4 22.5
Depreciation and Amortization 44.7 43.5
Taxes Other Than Income Taxes 11.3 11.4
TOTAL EXPENSES 294.9 311.9
OPERATING INCOME (LOSS) 2.4 20.9
Other Income (Expense):    
Interest Income 0.1 0.0
Allowance for Equity Funds Used During Construction 1.0 0.1
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1
Interest Expense (15.8) (16.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS (10.2) 6.2
Income Tax Expense (Benefit) 0.1 0.0
Net Income (Loss) (10.3) 6.2
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 295.4 329.2
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.8 2.0
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 1.9 [1] 8.6 [2]
Expenses    
Cost of Goods and Services Sold 16.9 38.0
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 110.4 122.9
Southwestern Electric Power Co [Member]    
Revenues    
Sales to AEP Affiliates 7.5 6.4
TOTAL REVENUES 385.9 421.1
Expenses    
Other Operation 92.2 84.6
Maintenance 33.8 28.9
Depreciation and Amortization 67.3 62.1
Taxes Other Than Income Taxes 25.3 25.3
TOTAL EXPENSES 350.8 367.0
OPERATING INCOME (LOSS) 35.1 54.1
Other Income (Expense):    
Interest Income 0.6 0.7
Allowance for Equity Funds Used During Construction 1.4 1.8
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1
Interest Expense (30.1) (29.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 9.1 29.0
Income Tax Expense (Benefit) (6.2) 0.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.8 0.7
Net Income (Loss) 16.1 29.0
Net Income (Loss) Attributable to Noncontrolling Interests 1.0 1.2
Earnings Attributable to Common Shareholders 15.1 27.8
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 377.6 414.3
Southwestern Electric Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.8 0.4
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Revenues    
Revenue from Contracts with Customers 34.1 [1] 57.2 [2]
Expenses    
Cost of Goods and Services Sold 89.1 133.5
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold $ 43.1 $ 32.6
[1]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $33 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
[2]
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $35 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.