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Revenue from Contracts with Customers
 6 Months Ended
Jun. 30, 2019
Revenue from Contract with Customer
14. REVENUE FROM CONTRACTS WITH CUSTOMERS

The disclosures in this note apply to all Registrants, unless indicated otherwise.

Disaggregated Revenues from Contracts with Customers

The tables below represent AEP’s reportable segment revenues from contracts with customers, net of respective provisions for refund, by type of revenue:
Three Months Ended June 30, 2020
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$820.7  $494.5  $—  $—  $—  $—  $1,315.2  
Commercial Revenues474.5  256.3  —  —  —  —  730.8  
Industrial Revenues486.0  98.7  —  —  —  (0.2) 584.5  
Other Retail Revenues36.9  10.3  —  —  —  —  47.2  
Total Retail Revenues1,818.1  859.8  —  —  —  (0.2) 2,677.7  
Wholesale and Competitive Retail Revenues:
Generation Revenues 148.6  —  —  31.5  —  —  180.1  
Transmission Revenues (a)84.1  108.4  310.2  —  —  (201.8) 300.9  
Renewable Generation Revenues (c)—  —  —  17.7  —  (0.3) 17.4  
Retail, Trading and Marketing Revenues (b)
—  —  —  327.6  (0.6) (26.5) 300.5  
Total Wholesale and Competitive Retail Revenues
232.7  108.4  310.2  376.8  (0.6) (228.6) 798.9  
Other Revenues from Contracts with Customers (c)
46.4  33.1  11.4  0.7  22.4  (31.4) 82.6  
Total Revenues from Contracts with Customers
2,097.2  1,001.3  321.6  377.5  21.8  (260.2) 3,559.2  
Other Revenues:
Alternative Revenues (c)(5.2) 20.6  (71.9) —  —  (7.6) (64.1) 
Other Revenues (c)—  12.6  —  (0.6) (2.3) (10.8) (1.1) 
Total Other Revenues(5.2) 33.2  (71.9) (0.6) (2.3) (18.4) (65.2) 
Total Revenues$2,092.0  $1,034.5  $249.7  $376.9  $19.5  $(278.6) $3,494.0  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $240 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $27 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues.
Three Months Ended June 30, 2019
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$755.0  $435.0  $—  $—  $—  $—  $1,190.0  
Commercial Revenues517.5  287.6  —  —  —  —  805.1  
Industrial Revenues549.2  109.4  —  —  —  (3.3) 655.3  
Other Retail Revenues43.6  11.1  —  —  —  —  54.7  
Total Retail Revenues1,865.3  843.1  —  —  —  (3.3) 2,705.1  
Wholesale and Competitive Retail Revenues:
Generation Revenues (a)205.9  —  —  299.7  —  7.2  512.8  
Transmission Revenues (b)64.1  113.5  289.8  —  —  (173.6) 293.8  
Renewable Generation Revenues (c)—  —  —  11.1  —  —  11.1  
Retail, Trading and Marketing Revenues (c)
—  —  —  95.8  —  —  95.8  
Total Wholesale and Competitive Retail Revenues
270.0  113.5  289.8  406.6  —  (166.4) 913.5  
Other Revenues from Contracts with Customers (c)
42.0  38.7  5.0  (12.6) 21.5  (35.3) 59.3  
Total Revenues from Contracts with Customers
2,177.3  995.3  294.8  394.0  21.5  (205.0) 3,677.9  
Other Revenues:
Alternative Revenues (c)(53.5) 11.4  (15.9) —  —  (36.9) (94.9) 
Other Revenues (c)—  39.0  —  18.7  2.3  (69.4) (9.4) 
Total Other Revenues(53.5) 50.4  (15.9) 18.7  2.3  (106.3) (104.3) 
Total Revenues$2,123.8  $1,045.7  $278.9  $412.7  $23.8  $(311.3) $3,573.6  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $34 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $201 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues.
Three Months Ended June 30, 2020
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$149.6  $—  $272.7  $186.9  $344.8  $139.2  $147.7  
Commercial Revenues94.4  —  119.9  118.0  162.1  77.3  110.6  
Industrial Revenues31.3  —  134.5  130.7  67.3  54.5  82.3  
Other Retail Revenues7.0  —  15.4  1.6  3.3  16.2  2.3  
Total Retail Revenues282.3  —  542.5  437.2  577.5  287.2  342.9  
Wholesale Revenues:
Generation Revenues (a)—  —  60.9  75.6  —  2.2  30.3  
Transmission Revenues (b)91.7  298.7  30.3  7.3  16.8  3.9  33.4  
Total Wholesale Revenues91.7  298.7  91.2  82.9  16.8  6.1  63.7  
Other Revenues from Contracts with Customers (c)
10.3  11.1  13.5  21.9  22.7  13.7  9.7  
Total Revenues from Contracts with Customers
384.3  309.8  647.2  542.0  617.0  307.0  416.3  
Other Revenues:
Alternative Revenues (d)1.1  (71.7) (9.7) 4.6  19.6  1.6  (1.3) 
Other Revenues (d)16.1  —  —  —  3.8  —  —  
Total Other Revenues17.2  (71.7) (9.7) 4.6  23.4  1.6  (1.3) 
Total Revenues$401.5  $238.1  $637.5  $546.6  $640.4  $308.6  $415.0  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $24 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 $237 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $18 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues.
Three Months Ended June 30, 2019
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$142.0  $—  $256.5  $142.2  $288.3  $147.7  $140.7  
Commercial Revenues106.0  —  132.1  111.8  182.7  101.3  113.1  
Industrial Revenues33.6  —  144.6  134.8  77.1  83.0  83.7  
Other Retail Revenues7.9  —  18.4  1.7  3.3  20.2  2.2  
Total Retail Revenues289.5  —  551.6  390.5  551.4  352.2  339.7  
Wholesale Revenues:
Generation Revenues (a)—  —  62.2  113.4  —  5.8  44.8  
Transmission Revenues (b)98.5  276.8  25.7  6.1  14.4  15.5  23.8  
Total Wholesale Revenues98.5  276.8  87.9  119.5  14.4  21.3  68.6  
Other Revenues from Contracts with Customers (c)
7.8  5.0  16.1  28.6  33.3  5.8  5.3  
Total Revenues from Contracts with Customers
395.8  281.8  655.6  538.6  599.1  379.3  413.6  
Other Revenues:
Alternative Revenues (d)1.2  (14.9) 0.2  4.5  6.0  (31.2) (38.1) 
Other Revenues (d)41.0  —  —  —  1.5  —  —  
Total Other Revenues42.2  (14.9) 0.2  4.5  7.5  (31.2) (38.1) 
Total Revenues$438.0  $266.9  $655.8  $543.1  $606.6  $348.1  $375.5  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $30 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 $198 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $23 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues.
Six Months Ended June 30, 2020
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,735.8  $1,015.8  $—  $—  $—  $—  $2,751.6  
Commercial Revenues963.9  533.2  —  —  —  —  1,497.1  
Industrial Revenues1,004.2  196.5  —  —  —  (0.4) 1,200.3  
Other Retail Revenues76.8  22.1  —  —  —  —  98.9  
Total Retail Revenues3,780.7  1,767.6  —  —  —  (0.4) 5,547.9  
Wholesale and Competitive Retail Revenues:
Generation Revenues289.0  —  —  75.6  —  —  $364.6  
Transmission Revenues (a)164.0  222.5  620.0  —  —  (464.8) 541.7  
Renewable Generation Revenues (c)—  —  —  34.9  —  (0.9) 34.0  
Retail, Trading and Marketing Revenues (b)
—  —  —  686.3  (6.6) (55.9) 623.8  
Total Wholesale and Competitive Retail Revenues
453.0  222.5  620.0  796.8  (6.6) (521.6) 1,564.1  
Other Revenues from Contracts with Customers (c)
90.0  69.5  15.1  1.0  50.5  (72.0) 154.1  
Total Revenues from Contracts with Customers
4,323.7  2,059.6  635.1  797.8  43.9  (594.0) 7,266.1  
Other Revenues:
Alternative Revenues (c)(5.0) 39.9  (75.2) —  —  (3.1) (43.4) 
Other Revenues (c)—  41.9  —  17.7  (4.5) (36.3) 18.8  
Total Other Revenues(5.0) 81.8  (75.2) 17.7  (4.5) (39.4) (24.6) 
Total Revenues$4,318.7  $2,141.4  $559.9  $815.5  $39.4  $(633.4) $7,241.5  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $479 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $62 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues.
Six Months Ended June 30, 2019
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,737.4  $1,021.1  $—  $—  $—  $—  $2,758.5  
Commercial Revenues1,028.7  598.5  —  —  —  —  1,627.2  
Industrial Revenues1,081.3  233.3  —  —  —  (1.5) 1,313.1  
Other Retail Revenues86.9  22.2  —  —  —  —  109.1  
Total Retail Revenues3,934.3  1,875.1  —  —  —  (1.5) 5,807.9  
Wholesale and Competitive Retail Revenues:
Generation Revenues (a)430.6  —  —  408.5  —  (71.3) 767.8  
Transmission Revenues (b)137.6  213.1  544.9  —  —  (386.4) 509.2  
Renewable Generation Revenues (c)—  —  —  18.8  —  —  18.8  
Retail, Trading and Marketing Revenues (c)
—  —  —  450.7  —  —  450.7  
Total Wholesale and Competitive Retail Revenues
568.2  213.1  544.9  878.0  —  (457.7) 1,746.5  
Other Revenues from Contracts with Customers (c)
81.5  84.7  8.1  (10.3) 44.8  (71.4) 137.4  
Total Revenues from Contracts with Customers
4,584.0  2,172.9  553.0  867.7  44.8  (530.6) 7,691.8  
Other Revenues:
Alternative Revenues (c)(56.9) 16.4  (17.7) —  —  (43.5) (101.7) 
Other Revenues (c)—  78.4  —  26.8  4.5  (69.4) 40.3  
Total Other Revenues(56.9) 94.8  (17.7) 26.8  4.5  (112.9) (61.4) 
Total Revenues$4,527.1  $2,267.7  $535.3  $894.5  $49.3  $(643.5) $7,630.4  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $71 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $399 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues.
Six Months Ended June 30, 2020
AEP TexasAEPTCo APCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$282.5  $—  $630.2  $388.2  $733.2  $267.7  $279.3  
Commercial Revenues207.2  —  252.2  240.2  326.1  153.4  216.2  
Industrial Revenues66.5  —  275.6  268.5  130.0  115.8  162.1  
Other Retail Revenues15.4  —  33.3  3.4  6.7  32.8  4.3  
Total Retail Revenues571.6  —  1,191.3  900.3  1,196.0  569.7  661.9  
Wholesale Revenues:
Generation Revenues (a)—  —  115.0  154.0  —  4.1  64.4  
Transmission Revenues (b)188.6  596.9  60.7  14.7  33.9  11.7  58.8  
Total Wholesale Revenues188.6  596.9  175.7  168.7  33.9  15.8  123.2  
Other Revenues from Contracts with Customers (c)
18.2  14.5  30.7  42.9  51.3  18.4  15.5  
Total Revenues from Contracts with Customers
778.4  611.4  1,397.7  1,111.9  1,281.2  603.9  800.6  
Other Revenues:
Alternative Revenues (d)0.4  (77.7) (10.8) 5.0  39.6  2.0  0.3  
Other Revenues (d)46.3  —  —  —  9.9  —  —  
Total Other Revenues46.7  (77.7) (10.8) 5.0  49.5  2.0  0.3  
Total Revenues$825.1  $533.7  $1,386.9  $1,116.9  $1,330.7  $605.9  $800.9  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $57 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 $472 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $34 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues.
Six Months Ended June 30, 2019
AEP TexasAEPTCo APCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$262.9  $—  $629.0  $360.6  $759.9  $287.7  $280.8  
Commercial Revenues203.9  —  274.3  233.1  393.2  182.1  226.8  
Industrial Revenues66.6  —  292.1  273.2  166.8  154.0  164.9  
Other Retail Revenues15.2  —  38.0  3.5  6.7  38.2  4.4  
Total Retail Revenues548.6  —  1,233.4  870.4  1,326.6  662.0  676.9  
Wholesale Revenues:
Generation Revenues (a)—  —  129.7  225.3  —  14.4  102.0  
Transmission Revenues (b)184.3  518.9  51.4  12.4  28.3  25.3  48.0  
Total Wholesale Revenues184.3  518.9  181.1  237.7  28.3  39.7  150.0  
Other Revenues from Contracts with Customers (c)
14.7  8.1  29.5  49.6  72.3  11.6  13.1  
Total Revenues from Contracts with Customers
747.6  527.0  1,444.0  1,157.7  1,427.2  713.3  840.0  
Other Revenues:
Alternative Revenues (d)0.3  (16.6) 4.6  (0.3) 9.6  (32.4) (43.4) 
Other Revenues (d)80.8  —  —  —  6.6  —  —  
Total Other Revenues81.1  (16.6) 4.6  (0.3) 16.2  (32.4) (43.4) 
Total Revenues$828.7  $510.4  $1,448.6  $1,157.4  $1,443.4  $680.9  $796.6  

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $64 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 $393 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $38 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations

The following table represents the Registrants’ remaining fixed performance obligations satisfied over time as of June 30, 2020. Fixed performance obligations primarily include wholesale transmission services, electricity sales for fixed amounts of energy and stand ready services into PJM’s RPM market. The Registrant Subsidiaries amounts shown in the table below include affiliated and nonaffiliated revenues.
Company20202021-20222023-2024After 2024Total
(in millions)
AEP$527.5  $185.4  $160.3  $223.4  $1,096.6  
AEP Texas216.3  —  —  —  216.3  
AEPTCo549.6  —  —  —  549.6  
APCo80.2  33.1  25.5  11.6  150.4  
I&M17.3  10.9  8.8  4.4  41.4  
OPCo33.1  5.3  —  —  38.4  
PSO7.5  —  —  —  7.5  
SWEPCo21.0  —  —  —  21.0  

Contract Assets and Liabilities

Contract assets are recognized when the Registrants have a right to consideration that is conditional upon the occurrence of an event other than the passage of time, such as future performance under a contract. The Registrants did not have material contract assets as of June 30, 2020 and December 31, 2019.

When the Registrants receive consideration, or such consideration is unconditionally due from a customer prior to transferring goods or services to the customer under the terms of a sales contract, they recognize a contract liability on the balance sheet in the amount of that consideration. Revenue for such consideration is subsequently recognized in the period or periods in which the remaining performance obligations in the contract are satisfied. The Registrants’ contract liabilities typically arise from services provided under joint use agreements for utility poles. The Registrants did not have material contract liabilities as of June 30, 2020 and December 31, 2019.

Accounts Receivable from Contracts with Customers

Accounts receivable from contracts with customers are presented on the Registrants’ balance sheets within the Accounts Receivable - Customers line item. The Registrants’ balances for receivables from contracts that are not recognized in accordance with the accounting guidance for “Revenue from Contracts with Customers” included in Accounts Receivable - Customers were not material as of June 30, 2020 and December 31, 2019. See “Securitized Accounts Receivable - AEP Credit” section of Note 12 for additional information related to AEP Credit’s securitized accounts receivable.

The following table represents the amount of affiliated accounts receivable from contracts with customers included in Accounts Receivable - Affiliated Companies on the Registrant Subsidiaries’ balance sheets:
CompanyJune 30, 2020December 31, 2019
(in millions)
AEPTCo$80.1  $65.9  
APCo48.5  47.3  
I&M29.9  37.1  
OPCo37.8  33.9  
PSO6.8  9.7  
SWEPCo22.6  17.6