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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues      
Revenue from Contracts with Customers $ 16,792.0 $ 14,918.5 $ 15,561.4
Sales to AEP Affiliates 0.0 0.0 0.0
TOTAL REVENUES 16,792.0 14,918.5 15,561.4
Expenses      
Other Operation 2,547.7 2,572.4 2,743.7
Maintenance 1,121.8 1,010.4 1,213.9
Asset Impairments and Other Related Charges 11.6 0.0 156.4
Depreciation and Amortization 2,825.7 2,682.8 2,514.5
Taxes Other Than Income Taxes 1,407.6 1,295.5 1,234.5
TOTAL EXPENSES 13,380.7 11,930.8 12,969.1
OPERATING INCOME (LOSS) 3,411.3 2,987.7 2,592.3
Other Income (Expense):      
Other Income 41.4 57.0 26.6
Allowance for Equity Funds Used During Construction 139.7 148.1 168.4
Non-Service Cost Components of Net Periodic Benefit Cost 118.6 119.0 120.0
Interest Expense (1,199.1) (1,165.7) (1,072.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 2,511.9 2,146.1 1,834.8
Income Tax Expense (Benefit) 115.5 40.5 (12.9)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 91.7 91.1 72.1
Net Income (Loss) 2,488.1 2,196.7 1,919.8
Net Income Attributable to Noncontrolling Interests 0.0 (3.4) (1.3)
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 2,488.1 $ 2,200.1 $ 1,921.1
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 500,522,177 495,718,223 493,694,345
Total Basic Earnings (Loss) per Share Attributable to AEP Common Shareholders $ 4.97 $ 4.44 $ 3.89
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 501,784,032 497,226,867 495,306,238
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.96 $ 4.42 $ 3.88
Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers $ 9,852.2 $ 8,753.2 $ 9,245.7
Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 4,464.1 4,238.7 4,319.0
Generation and Marketing Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 2,108.3 1,621.0 1,721.8
Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 367.4 305.6 274.9
TOTAL REVENUES 227.6 [1],[2] 61.5 [3],[4] 61.7 [5],[6]
Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 5,466.3 4,369.7 5,106.1
AEP Texas Inc. [Member]      
Revenues      
Revenue from Contracts with Customers 1,587.7 1,528.0 1,551.6
Sales to AEP Affiliates 3.9 90.8 160.5
TOTAL REVENUES 1,593.8 1,618.9 1,709.3
Expenses      
Other Operation 489.5 488.9 492.0
Maintenance 86.2 80.5 158.8
Asset Impairments and Other Related Charges 0.0 0.0 32.5
Depreciation and Amortization 387.0 529.8 622.3
Taxes Other Than Income Taxes 155.1 136.4 140.6
TOTAL EXPENSES 1,117.8 1,249.3 1,477.3
OPERATING INCOME (LOSS) 476.0 369.6 232.0
Other Income (Expense):      
Interest Income 0.8 1.4 3.4
Allowance for Equity Funds Used During Construction 21.5 19.4 15.2
Non-Service Cost Components of Net Periodic Benefit Cost 11.1 11.2 11.3
Interest Expense (176.5) (171.8) (137.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 332.9 229.8 124.7
Income Tax Expense (Benefit) 43.1 (11.2) (53.6)
Net Income (Loss) 289.8 241.0 178.3
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,586.4 1,524.9 1,545.9
AEP Texas Inc. [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 3.5 3.2 2.9
TOTAL REVENUES 0.0 [7] 87.5 [8] 157.1 [9]
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 0.0 13.7 31.1
AEP Transmission Co [Member]      
Revenues      
Revenue from Contracts with Customers 1,410.9 1,232.7 1,042.1
Sales to AEP Affiliates 1,153.9 896.3 806.7
TOTAL REVENUES 1,469.3 1,145.7 1,021.4
Expenses      
Other Operation 105.5 99.8 93.9
Maintenance 18.4 10.2 15.4
Depreciation and Amortization 297.3 249.0 176.0
Taxes Other Than Income Taxes 238.8 205.2 168.9
TOTAL EXPENSES 660.0 564.2 454.2
OPERATING INCOME (LOSS) 809.3 581.5 567.2
Other Income (Expense):      
Interest Income 0.5 2.4 3.0
Allowance for Equity Funds Used During Construction 67.2 74.0 84.3
Interest Expense (141.2) (127.8) (97.4)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 735.8 530.1 557.1
Income Tax Expense (Benefit) 144.1 106.7 117.4
Net Income (Loss) 591.7 423.4 439.7
AEP Transmission Co [Member] | Transmission [Member]      
Revenues      
Revenue from Contracts with Customers 315.1 248.8 214.6
AEP Transmission Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 0.3 0.6 0.1
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Appalachian Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 3,092.9 2,809.2 2,911.1
Sales to AEP Affiliates 197.9 174.7 205.3
TOTAL REVENUES 3,105.2 2,796.2 2,924.7
Expenses      
Other Operation 610.0 530.5 567.6
Maintenance 265.5 226.8 255.4
Asset Impairments and Other Related Charges 0.0 0.0 92.9
Re-Establishment of Regulatory Asset - Coal Fired Generation 0.0 (49.0) 0.0
Depreciation and Amortization 546.2 507.5 466.8
Taxes Other Than Income Taxes 154.2 150.2 146.2
TOTAL EXPENSES 2,555.8 2,239.6 2,527.4
OPERATING INCOME (LOSS) 549.4 556.6 397.3
Other Income (Expense):      
Interest Income 1.0 1.6 2.4
Allowance for Equity Funds Used During Construction 15.6 14.6 16.6
Non-Service Cost Components of Net Periodic Benefit Cost 19.0 18.8 17.0
Interest Expense (214.0) (217.6) (205.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 371.0 374.0 228.3
Income Tax Expense (Benefit) 22.1 4.3 (78.0)
Net Income (Loss) 348.9 369.7 306.3
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,895.5 2,610.9 2,708.2
Appalachian Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 11.8 10.6 11.2
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 440.3 513.3 607.5
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 539.6 360.3 391.0
Indiana Michigan Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,330.7 2,236.0 2,308.1
Sales to AEP Affiliates 3.8 10.5 10.5
Other Revenues - Affiliated 54.0 60.8 63.4
TOTAL REVENUES 2,326.7 2,241.8 2,306.7
Expenses      
Purchased Electricity from AEP Affiliates 217.9 172.8 214.9
Other Operation 645.2 650.0 641.2
Maintenance 210.0 193.2 231.2
Depreciation and Amortization 446.0 411.6 350.6
Taxes Other Than Income Taxes 110.8 107.1 105.1
TOTAL EXPENSES 1,968.8 1,878.9 1,965.9
OPERATING INCOME (LOSS) 357.9 362.9 340.8
Other Income (Expense):      
Other Income 11.7 10.0 18.2
Allowance for Equity Funds Used During Construction 12.8 11.5 19.4
Non-Service Cost Components of Net Periodic Benefit Cost 16.4 16.7 17.7
Interest Expense (116.8) (112.3) (117.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 269.2 277.3 258.8
Income Tax Expense (Benefit) (10.6) (7.5) (10.6)
Net Income (Loss) 279.8 284.8 269.4
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,261.2 2,165.3 2,222.1
Indiana Michigan Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 7.7 5.2 10.7
Sales to AEP Affiliates 60.0 69.0 73.0
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 162.1 162.0 190.6
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 176.8 182.2 232.3
Ohio Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,837.5 2,665.0 2,748.8
Sales to AEP Affiliates 24.8 41.5 27.3
TOTAL REVENUES 2,899.1 2,749.1 2,797.6
Expenses      
Purchased Electricity from AEP Affiliates 51.9 119.7 156.0
Amortization of Generation Deferrals 0.0 0.0 65.3
Other Operation 836.8 822.6 742.6
Maintenance 158.2 127.1 150.1
Depreciation and Amortization 303.3 276.6 240.9
Taxes Other Than Income Taxes 485.7 450.2 434.2
TOTAL EXPENSES 2,513.9 2,345.4 2,396.4
OPERATING INCOME (LOSS) 385.2 403.7 401.2
Other Income (Expense):      
Interest Income 0.6 1.0 3.2
Carrying Costs Income 1.2 1.6 1.0
Allowance for Equity Funds Used During Construction 10.8 12.5 18.2
Non-Service Cost Components of Net Periodic Benefit Cost 14.6 15.0 14.6
Interest Expense (124.4) (117.2) (106.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 288.0 316.6 332.0
Income Tax Expense (Benefit) 34.4 45.2 34.9
Net Income (Loss) 253.6 271.4 297.1
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,863.7 2,698.6 2,759.5
Ohio Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 10.6 9.0 10.8
TOTAL REVENUES 19.0 [7] 17.5 [8] 17.1 [9]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 678.0 549.2 607.3
Public Service Co Of Oklahoma [Member]      
Revenues      
Revenue from Contracts with Customers 1,474.3 1,263.9 1,512.8
Sales to AEP Affiliates 4.2 5.2 6.1
TOTAL REVENUES 1,474.4 1,266.1 1,481.8
Expenses      
Other Operation 353.8 327.3 315.0
Maintenance 97.2 98.4 100.7
Depreciation and Amortization 196.6 173.5 169.5
Taxes Other Than Income Taxes 49.6 47.5 43.3
TOTAL EXPENSES 1,281.5 1,090.2 1,282.5
OPERATING INCOME (LOSS) 192.9 175.9 199.3
Other Income (Expense):      
Interest Income 4.3 0.1 1.2
Allowance for Equity Funds Used During Construction 2.4 4.0 2.7
Non-Service Cost Components of Net Periodic Benefit Cost 8.5 8.5 8.4
Interest Expense (62.9) (60.3) (66.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 145.2 128.2 145.1
Income Tax Expense (Benefit) 4.1 5.2 7.5
Net Income (Loss) 141.1 123.0 137.6
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,465.3 1,246.1 1,469.6
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 4.9 14.8 6.1
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 584.3 443.5 654.0
Southwestern Electric Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,126.0 1,735.3 1,799.2
Sales to AEP Affiliates 41.4 41.0 36.9
Provision for Refund (0.4) (2.0) (32.0)
TOTAL REVENUES 2,131.8 1,738.5 1,750.9
Expenses      
Other Operation 360.3 338.3 348.0
Maintenance 136.7 129.7 145.6
Asset Impairments and Other Related Charges 11.6 0.0 0.0
Depreciation and Amortization 295.0 272.7 249.1
Taxes Other Than Income Taxes 117.7 102.8 100.2
TOTAL EXPENSES 1,792.3 1,448.0 1,495.2
OPERATING INCOME (LOSS) 339.5 290.5 255.7
Other Income (Expense):      
Interest Income 9.2 2.1 2.6
Allowance for Equity Funds Used During Construction 7.0 7.7 6.8
Non-Service Cost Components of Net Periodic Benefit Cost 8.3 8.4 8.5
Interest Expense (125.9) (118.5) (119.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 238.1 190.2 154.5
Income Tax Expense (Benefit) (0.6) 9.4 (4.7)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 3.4 2.9 3.0
Net Income (Loss) 242.1 183.7 162.2
Net Income Attributable to Noncontrolling Interests 3.1 2.9 3.6
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 239.0 180.8 158.6
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,088.9 1,696.6 1,744.6
Southwestern Electric Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 1.9 2.9 1.4
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold $ 871.0 $ 604.5 $ 652.3
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Generation & Marketing includes economic hedge activity.
[3] Amounts include affiliated and nonaffiliated revenues.
[4] Generation & Marketing includes economic hedge activity.
[5] Amounts include affiliated and nonaffiliated revenues.
[6] Generation & Marketing includes economic hedge activity.
[7] Amounts include affiliated and nonaffiliated revenues.
[8] Amounts include affiliated and nonaffiliated revenues.
[9] Amounts include affiliated and nonaffiliated revenues.