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Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2023
Disaggregated Revenues from Contracts with Customers
Three Months Ended March 31, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,170.4 $656.8 $— $— $— $— $1,827.2 
Commercial Revenues633.4 375.9 — — — — 1,009.3 
Industrial Revenues670.3 212.9 — — — (0.2)883.0 
Other Retail Revenues56.8 12.1 — — — — 68.9 
Total Retail Revenues2,530.9 1,257.7 — — — (0.2)3,788.4 
Wholesale and Competitive Retail Revenues:
Generation Revenues 182.8 — — 32.4 — — 215.2 
Transmission Revenues (a)114.7 164.2 450.1 — — (401.8)327.2 
Renewable Generation Revenues (b)— — — 21.3 — (0.1)21.2 
Retail, Trading and Marketing Revenues (b)— — — 413.7 (0.3)0.1 413.5 
Total Wholesale and Competitive Retail Revenues
297.5 164.2 450.1 467.4 (0.3)(401.8)977.1 
Other Revenues from Contracts with Customers (c)32.6 42.8 3.6 0.6 29.4 (43.7)65.3 
Total Revenues from Contracts with Customers
2,861.0 1,464.7 453.7 468.0 29.1 (445.7)4,830.8 
Other Revenues:
Alternative Revenue Programs (d)(3.1)(11.6)1.8 — — 2.9 (10.0)
Other Revenues (b) (e)(0.1)11.1 — (141.0)1.0 (0.9)(129.9)
Total Other Revenues(3.2)(0.5)1.8 (141.0)1.0 2.0 (139.9)
Total Revenues$2,857.8 $1,464.2 $455.5 $327.0 $30.1 $(443.7)$4,690.9 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $357 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $29 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Three Months Ended March 31, 2022
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,150.8 $600.6 $— $— $— $— $1,751.4 
Commercial Revenues572.9 289.7 — — — — 862.6 
Industrial Revenues563.0 133.3 — — — (0.4)695.9 
Other Retail Revenues47.4 11.6 — — — — 59.0 
Total Retail Revenues2,334.1 1,035.2 — — — (0.4)3,368.9 
Wholesale and Competitive Retail Revenues:
Generation Revenues 187.2 — — 40.3 — — 227.5 
Transmission Revenues (a)105.3 154.9 414.5 — — (361.8)312.9 
Renewable Generation Revenues (b)— — — 22.4 — (0.8)21.6 
Retail, Trading and Marketing Revenues (c)
— — — 388.8 3.2 (9.0)383.0 
Total Wholesale and Competitive Retail Revenues
292.5 154.9 414.5 451.5 3.2 (371.6)945.0 
Other Revenues from Contracts with Customers (b)61.6 53.8 (0.2)8.6 13.9 (18.6)119.1 
Total Revenues from Contracts with Customers
2,688.2 1,243.9 414.3 460.1 17.1 (390.6)4,433.0 
Other Revenues:
Alternative Revenue Programs (d)(0.8)(3.4)(2.9)— — 1.3 (5.8)
Other Revenues (b) (e)— 6.3 — 159.2 2.8 (2.9)165.4 
Total Other Revenues(0.8)2.9 (2.9)159.2 2.8 (1.6)159.6 
Total Revenues$2,687.4 $1,246.8 $411.4 $619.3 $19.9 $(392.2)$4,592.6 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $327 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $9 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Three Months Ended March 31, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$130.7 $— $470.5 $239.6 $526.0 $170.9 $175.9 
Commercial Revenues97.3 — 171.3 138.9 278.5 109.1 143.5 
Industrial Revenues39.3 — 185.8 152.6 173.6 98.3 104.2 
Other Retail Revenues8.3 — 26.2 1.3 3.8 24.2 2.6 
Total Retail Revenues275.6 — 853.8 532.4 981.9 402.5 426.2 
Wholesale Revenues:
Generation Revenues (a)— — 80.2 104.0 — 0.9 39.6 
Transmission Revenues (b)146.3 438.7 41.4 8.1 17.9 11.3 42.9 
Total Wholesale Revenues146.3 438.7 121.6 112.1 17.9 12.2 82.5 
Other Revenues from Contracts with Customers (c)
9.7 3.7 13.0 21.4 33.2 2.3 7.9 
Total Revenues from Contracts with Customers
431.6 442.4 988.4 665.9 1,033.0 417.0 516.6 
Other Revenues:
Alternative Revenue Programs (d)(2.1)(0.8)(0.7)(2.9)(9.5)— (0.7)
Other Revenues (e)— — — — 11.1 — — 
Total Other Revenues(2.1)(0.8)(0.7)(2.9)1.6 — (0.7)
Total Revenues$429.5 $441.6 $987.7 $663.0 $1,034.6 $417.0 $515.9 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $47 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $349 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $18 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Three Months Ended March 31, 2022
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$141.9 $— $458.0 $231.8 $458.7 $165.9 $175.9 
Commercial Revenues94.9 — 153.9 126.6 194.7 97.5 130.5 
Industrial Revenues30.6 — 153.8 136.5 102.7 78.6 84.7 
Other Retail Revenues8.2 — 20.6 1.3 3.3 21.2 2.4 
Total Retail Revenues275.6 — 786.3 496.2 759.4 363.2 393.5 
Wholesale Revenues:
Generation Revenues (a)— — 56.2 90.4 — 9.5 61.2 
Transmission Revenues (b)133.1 400.3 41.1 8.8 21.8 9.6 35.2 
Total Wholesale Revenues133.1 400.3 97.3 99.2 21.8 19.1 96.4 
Other Revenues from Contracts with Customers (c)
9.3 (0.3)24.3 29.9 44.6 5.4 5.3 
Total Revenues from Contracts with Customers
418.0 400.0 907.9 625.3 825.8 387.7 495.2 
Other Revenues:
Alternative Revenue Programs (d)(1.3)0.4 (0.7)— (2.1)(0.1)(0.4)
Other Revenues (e)— — 0.1 (0.1)6.3 — — 
Total Other Revenues(1.3)0.4 (0.6)(0.1)4.2 (0.1)(0.4)
Total Revenues$416.7 $400.4 $907.3 $625.2 $830.0 $387.6 $494.8 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $36 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $323 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $10 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations
Company20232024-20252026-2027After 2027Total
(in millions)
AEP$63.4 $160.5 $137.1 $61.0 $422.0 
APCo12.1 32.2 24.3 11.7 80.3 
I&M3.4 9.2 9.2 4.6 26.4 
Affiliated Accounts Receivable Contracts with Customers
CompanyMarch 31, 2023December 31, 2022
(in millions)
AEP Texas$— $0.1 
AEPTCo122.5 113.8 
APCo65.1 64.5 
I&M56.4 75.3 
OPCo57.5 49.9 
PSO12.7 18.8 
SWEPCo19.6 19.1