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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenue from Contracts with Customers $ 5,341.7 $ 5,526.1 $ 14,405.1 $ 14,758.4
TOTAL REVENUES 5,341.7 5,526.1 14,405.1 14,758.4
Expenses        
Other Operation 719.9 797.0 2,031.1 2,079.0
Maintenance 325.5 298.1 982.8 909.6
Asset Impairments and Other Related Charges 0.0 24.9 0.0 24.9
Establishment of Regulatory Asset 0.0 (37.0) 0.0 (37.0)
Depreciation and Amortization 792.3 821.8 2,309.4 2,416.8
Taxes Other Than Income Taxes 393.9 384.8 1,149.2 1,118.5
TOTAL EXPENSES 3,988.4 4,596.0 11,472.3 11,835.8
OPERATING INCOME (LOSS) 1,353.3 930.1 2,932.8 2,922.6
Other Income (Expense):        
Other Income 11.9 4.8 41.0 (5.6)
Allowance for Equity Funds Used During Construction 51.1 35.6 123.4 95.2
Non-Service Cost Components of Net Periodic Benefit Cost 55.2 47.2 165.9 141.5
Interest Expense (470.3) (360.7) (1,346.0) (1,001.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 1,001.2 657.0 1,917.1 2,152.0
Income Tax Expense (Benefit) 64.2 (16.1) 103.2 90.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 21.3 10.2 60.9 (139.1)
Net Income (Loss) 958.3 683.3 1,874.8 1,922.2
Net Income (Loss) Attributable to Noncontrolling Interests 4.6 (0.4) 2.9 (0.7)
Earnings Attributable to Common Shareholders $ 953.7 $ 683.7 $ 1,871.9 $ 1,922.9
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 520,459,880 513,730,196 516,528,239 511,162,723
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.83 $ 1.33 $ 3.62 $ 3.76
Weighted Average Number of Diluted AEP Common Shares Outstanding 521,444,125 515,315,994 517,784,726 512,714,006
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.83 $ 1.33 $ 3.62 $ 3.75
Common Stock, Dividends Per Share, Declared $ 0.83 $ 0.78    
Acquisition Of Nuclear Fuel Included In Current Liabilities     $ 9.5 $ 8.5
Cash Flow Hedges, Tax $ (0.3) $ (19.5) (31.5) 81.6
Amortization of Pension and OPEB Deferred Costs, Tax (0.8) (0.8) (5.9) (4.5)
Related Party        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 3,158.1 3,174.6 8,603.4 8,416.4
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,535.2 1,525.5 4,321.3 4,064.5
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 527.5 733.1 1,172.6 1,997.0
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 120.9 92.9 307.8 280.5
TOTAL REVENUES 8.5 [1] 128.3 [2],[3] (250.2) [4],[5] 429.4 [6],[7]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 1,756.8 2,111.9 4,887.8 5,177.0
AEP Texas Inc. [Member]        
Revenues        
TOTAL REVENUES 554.6 508.9 1,445.3 1,404.4
Expenses        
Other Operation 154.4 163.8 395.2 431.6
Maintenance 25.0 22.7 75.7 70.1
Depreciation and Amortization 125.6 117.7 351.5 342.7
Taxes Other Than Income Taxes 48.6 45.5 136.9 125.8
TOTAL EXPENSES 353.6 349.7 959.3 970.2
OPERATING INCOME (LOSS) 201.0 159.2 486.0 434.2
Other Income (Expense):        
Interest Income 0.5 1.3 1.5 2.7
Allowance for Equity Funds Used During Construction 7.8 5.2 19.4 13.2
Non-Service Cost Components of Net Periodic Benefit Cost 4.8 4.2 14.4 12.5
Interest Expense (59.9) (55.4) (173.1) (153.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 154.2 114.5 348.2 309.4
Income Tax Expense (Benefit) 28.7 20.9 66.0 56.2
Net Income (Loss) 125.5 93.6 282.2 253.2
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.1 0.8 0.2
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 0.0 (0.1) 0.0
AEP Texas Inc. [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 1.2 0.9 3.7 2.6
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 551.6 507.7 1,438.7 1,399.3
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.8 0.3 2.9 2.5
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
AEP Transmission Co [Member]        
Revenues        
Provision for Refund Affiliated (4.8) (9.3) (17.9) (65.7)
Provision for Refund-Nonaffiliated (1.0) (1.9) (4.8) (12.2)
TOTAL REVENUES 462.7 418.5 1,349.2 1,183.3
Expenses        
Other Operation 31.6 39.6 87.0 94.7
Maintenance 5.1 4.1 14.3 11.2
Depreciation and Amortization 99.6 87.4 291.2 256.2
Taxes Other Than Income Taxes 73.8 68.7 216.6 203.0
TOTAL EXPENSES 210.1 199.8 609.1 565.1
OPERATING INCOME (LOSS) 252.6 218.7 740.1 618.2
Other Income (Expense):        
Interest Income 1.6 0.7 5.7 1.0
Allowance for Equity Funds Used During Construction 22.7 20.3 62.2 51.2
Interest Expense (51.6) (42.7) (147.5) (119.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 225.3 197.0 660.5 550.7
Income Tax Expense (Benefit) 46.1 44.3 142.9 124.1
Net Income (Loss) 179.2 152.7 517.6 426.6
Earnings Per Share        
Revenues from Related Parties, Net of Provisions for Refund 369.9 331.3 1,080.0 933.8
AEP Transmission Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 374.7 340.6 1,097.9 999.5
AEP Transmission Co [Member] | AEPTCo Parent [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
TOTAL REVENUES 0.0 0.0 0.0 0.0
Other Income (Expense):        
Net Income (Loss) [12] 1.0 0.1 3.6 0.2
AEP Transmission Co [Member] | AEPTCo Parent [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
AEP Transmission Co [Member] | State Transcos [Member]        
Revenues        
TOTAL REVENUES 462.7 418.5 1,349.2 1,183.3
Other Income (Expense):        
Net Income (Loss) 178.2 152.6 514.0 426.4
AEP Transmission Co [Member] | State Transcos [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 369.9 331.3 1,080.0 933.8
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 93.8 89.1 274.0 261.7
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 92.8 87.2 269.2 249.5
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 92.8 87.2 269.2 249.5
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Appalachian Power Co [Member]        
Revenues        
TOTAL REVENUES 961.8 888.9 2,776.0 2,569.8
Expenses        
Other Operation 187.9 182.0 569.6 514.0
Maintenance 74.3 69.3 222.5 214.6
Asset Impairments and Other Related Charges 0.0 24.9 0.0 24.9
Establishment of Regulatory Asset 0.0 (37.0) 0.0 (37.0)
Depreciation and Amortization 143.7 142.9 424.8 431.0
Taxes Other Than Income Taxes 43.5 41.5 126.5 121.0
TOTAL EXPENSES 792.6 741.6 2,304.2 2,102.7
OPERATING INCOME (LOSS) 169.2 147.3 471.8 467.1
Other Income (Expense):        
Interest Income 0.8 2.6 2.2 3.0
Allowance for Equity Funds Used During Construction 3.6 2.2 8.7 6.8
Non-Service Cost Components of Net Periodic Benefit Cost 8.1 7.3 24.4 21.8
Interest Expense (68.5) (61.7) (200.7) (171.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 113.2 97.7 306.4 327.6
Income Tax Expense (Benefit) 21.3 5.0 59.1 24.5
Net Income (Loss) 91.9 92.7 247.3 303.1
Earnings Per Share        
Cash Flow Hedges, Tax (0.1) (0.1) (0.2) (0.2)
Amortization of Pension and OPEB Deferred Costs, Tax (0.2) (0.3) (0.6) (0.9)
Appalachian Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 62.5 67.6 193.2 187.6
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 896.0 818.4 2,573.0 2,370.4
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 3.3 2.9 9.8 11.8
TOTAL REVENUES 0.1 [8] 0.3 [9] 0.1 [10] 0.4 [11]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 343.2 318.0 960.8 834.2
Indiana Michigan Power Co [Member]        
Revenues        
TOTAL REVENUES 676.3 715.4 1,938.5 1,971.6
Expenses        
Purchased Electricity from AEP Affiliates 57.0 67.9 139.2 184.6
Other Operation 168.9 162.4 508.7 450.9
Maintenance 57.3 55.9 173.0 167.7
Depreciation and Amortization 116.7 131.6 352.9 400.2
Taxes Other Than Income Taxes 22.3 22.4 62.4 76.2
TOTAL EXPENSES 551.5 590.8 1,558.6 1,646.8
OPERATING INCOME (LOSS) 124.8 124.6 379.9 324.8
Other Income (Expense):        
Other Income 4.5 2.4 8.1 7.4
Allowance for Equity Funds Used During Construction     6.6 7.9
Non-Service Cost Components of Net Periodic Benefit Cost 7.7 6.3 23.4 18.8
Interest Expense (33.0) (31.2) (102.0) (92.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 104.0 102.1 309.4 258.5
Income Tax Expense (Benefit) 11.0 8.0 38.8 7.7
Net Income (Loss) 93.0 94.1 270.6 250.8
Earnings Per Share        
Acquisition Of Nuclear Fuel Included In Current Liabilities     9.5 8.5
Cash Flow Hedges, Tax 0.1 0.1 (0.1) 0.3
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.1) (0.6) (0.1)
Indiana Michigan Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.6 2.0 3.7 11.1
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 656.1 695.7 1,879.3 1,912.1
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 4.2 4.4 9.7 10.0
TOTAL REVENUES 2.1 [8] 0.0 [9] 2.1 [10] (0.1) [11]
Indiana Michigan Power Co [Member] | Other Revenues [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 15.4 13.3 45.8 38.4
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 129.3 150.6 322.4 367.2
Ohio Power Co [Member]        
Revenues        
TOTAL REVENUES 989.5 1,021.3 2,903.2 2,674.2
Expenses        
Purchased Electricity from AEP Affiliates 38.0 0.0 49.6 9.8
Other Operation 296.9 267.3 836.1 728.2
Maintenance 62.2 47.8 157.7 136.7
Depreciation and Amortization 81.3 70.7 224.7 216.9
Taxes Other Than Income Taxes 132.5 131.0 382.0 379.0
TOTAL EXPENSES 871.6 916.3 2,571.0 2,345.6
OPERATING INCOME (LOSS) 117.9 105.0 332.2 328.6
Other Income (Expense):        
Other Income 0.1 0.2 0.4 1.0
Allowance for Equity Funds Used During Construction 5.6 3.9 11.3 10.3
Non-Service Cost Components of Net Periodic Benefit Cost 6.5 5.6 19.5 16.6
Interest Expense (33.9) (29.8) (96.9) (88.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 96.2 84.9 266.5 267.7
Income Tax Expense (Benefit) 15.7 13.0 40.3 38.6
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.0 0.0 0.0 0.8
Net Income (Loss) 80.5 71.9 226.2 229.9
Ohio Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 7.8 4.0 23.6 11.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 978.7 1,015.2 2,869.3 2,656.6
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 3.0 2.1 10.3 6.0
TOTAL REVENUES 3.0 [8] 5.5 [9] 20.1 [10] 18.6 [11]
Ohio Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 260.7 399.5 920.9 875.0
Public Service Co Of Oklahoma [Member]        
Revenues        
TOTAL REVENUES 644.2 608.2 1,535.9 1,438.7
Expenses        
Other Operation 103.9 116.3 283.5 301.0
Maintenance 25.4 31.3 82.7 88.0
Depreciation and Amortization 61.8 59.5 187.8 172.7
Taxes Other Than Income Taxes 17.2 15.6 49.5 43.6
TOTAL EXPENSES 526.4 516.3 1,344.8 1,279.5
OPERATING INCOME (LOSS) 117.8 91.9 191.1 159.2
Other Income (Expense):        
Other Income 2.7 3.0 6.7 8.5
Non-Service Cost Components of Net Periodic Benefit Cost 3.6 3.1 10.7 9.4
Interest Expense (25.5) (22.4) (77.5) (62.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 98.6 75.6 131.0 114.5
Income Tax Expense (Benefit) (40.8) (31.3) (57.1) (41.2)
Net Income (Loss) 139.4 106.9 188.1 155.7
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 (0.4) 0.0
Public Service Co Of Oklahoma [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.2 0.7 1.0 2.1
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 642.6 606.5 1,529.8 1,432.9
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.4 1.0 5.1 3.7
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 318.1 293.6 741.3 674.2
Southwestern Electric Power Co [Member]        
Revenues        
TOTAL REVENUES 654.8 717.5 1,708.5 1,748.9
Expenses        
Other Operation 96.9 114.1 281.3 308.7
Maintenance 38.4 32.9 121.1 107.8
Depreciation and Amortization 100.6 95.8 266.8 251.8
Taxes Other Than Income Taxes 36.2 34.2 104.4 94.9
TOTAL EXPENSES 487.5 567.9 1,388.2 1,432.3
OPERATING INCOME (LOSS) 167.3 149.6 320.3 316.6
Other Income (Expense):        
Interest Income 4.1 2.7 14.8 13.9
Allowance for Equity Funds Used During Construction 4.3 1.0 7.3 3.4
Non-Service Cost Components of Net Periodic Benefit Cost 3.4 3.2 10.2 9.4
Interest Expense (42.1) (35.2) (107.2) (102.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 137.0 121.3 245.4 241.3
Income Tax Expense (Benefit) (21.7) (17.8) (35.7) (21.0)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.3 0.3 1.0 1.0
Net Income (Loss) 159.0 139.4 282.1 263.3
Net Income (Loss) Attributable to Noncontrolling Interests 1.5 0.0 3.0 3.1
Earnings Attributable to Common Shareholders 157.5 139.4 279.1 260.2
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 0.1 0.0
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.1) (0.3) (0.3)
Southwestern Electric Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 14.5 18.2 40.7 43.7
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 639.8 698.8 1,666.0 1,703.7
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.5 0.5 1.8 1.5
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 215.4 290.9 614.6 669.1
Mineral Rights        
Expenses        
Gain on Sale of Mineral Rights 0.0 0.0 0.0 (116.3)
Reconciling Adjustments [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
TOTAL REVENUES (508.4) (425.0) (1,416.3) (1,190.5)
Other Income (Expense):        
Net Income (Loss) 0.0 0.0 0.0 0.0
Reconciling Adjustments [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers (508.4) (425.0) (1,416.3) (1,190.5)
Reconciling Adjustments [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES (0.7) [1] (2.0) [2],[3] (3.6) [4],[5] (6.9) [6],[7]
Reconciling Adjustments [Member] | AEP Transmission Co [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
TOTAL REVENUES 0.0 0.0 0.0 0.0
Other Income (Expense):        
Net Income (Loss) 0.0 0.0 0.0 0.0
Reconciling Adjustments [Member] | AEP Transmission Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Competitive Contracted Renewable Portfolio        
Expenses        
Asset Impairments and Other Related Charges 0.0 0.0 112.0 0.0
Kentucky Operations [Member]        
Expenses        
Asset Impairments and Other Related Charges $ 0.0 $ 194.5 $ 0.0 $ 263.3
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Amounts include affiliated and nonaffiliated revenues
[3] Generation & Marketing includes economic hedge activity.
[4] Amounts include affiliated and nonaffiliated revenues.
[5] Generation & Marketing includes economic hedge activity.
[6] Amounts include affiliated and nonaffiliated revenues
[7] Generation & Marketing includes economic hedge activity.
[8] Amounts include affiliated and nonaffiliated revenues.
[9] Amounts include affiliated and nonaffiliated revenues.
[10] Amounts include affiliated and nonaffiliated revenues.
[11] Amounts include affiliated and nonaffiliated revenues.
[12] Includes the elimination of AEPTCo Parent’s equity earnings in the State Transcos.