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Consolidated Statements of Income (USD $)
3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Revenues    
Utility Operations $ 3,489,000,000 $ 3,363,000,000
Other Revenues 337,000,000 262,000,000
TOTAL REVENUES 3,826,000,000 3,625,000,000
Expenses    
Fuel and Other Consumables Used for Electric Generation 1,031,000,000 1,053,000,000
Purchased Electricity for Resale 371,000,000 260,000,000
Other Operation 738,000,000 656,000,000
Maintenance 293,000,000 262,000,000
Depreciation and Amortization 420,000,000 423,000,000
Taxes Other Than Income Taxes 218,000,000 217,000,000
TOTAL EXPENSES 3,071,000,000 2,871,000,000
OPERATING INCOME (LOSS) 755,000,000 754,000,000
Other Income (Expense):    
Interest and Investment Income 3,000,000 2,000,000
Carrying Costs Income 4,000,000 20,000,000
Allowance for Equity Funds Used During Construction 15,000,000 23,000,000
Interest Expense (232,000,000) (229,000,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 545,000,000 570,000,000
Income Tax Expense (Credit) 195,000,000 189,000,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 14,000,000 9,000,000
NET INCOME (LOSS) 364,000,000 390,000,000
Net Income Attributable to Noncontrolling Interests 1,000,000 1,000,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 363,000,000 389,000,000
Earnings Per Share    
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 485,823,668 483,828,101
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.75 $ 0.80
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 486,344,036 484,248,868
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 0.75 $ 0.80
CASH DIVIDENDS DECLARED PER SHARE $ 0.47 $ 0.47
Appalachian Power Co [Member]
   
Revenues    
Utility Operations 872,732,000 738,599,000
Sales to AEP Affiliates 76,860,000 64,301,000
Other Revenues 1,902,000 2,576,000
TOTAL REVENUES 951,494,000 805,476,000
Expenses    
Fuel and Other Consumables Used for Electric Generation 204,939,000 186,884,000
Purchased Electricity for Resale 65,456,000 65,356,000
Purchased Electricity from AEP Affiliates 222,942,000 156,017,000
Other Operation 78,908,000 74,319,000
Maintenance 99,386,000 46,335,000
Depreciation and Amortization 87,903,000 80,413,000
Taxes Other Than Income Taxes 27,400,000 26,962,000
TOTAL EXPENSES 786,934,000 636,286,000
OPERATING INCOME (LOSS) 164,560,000 169,190,000
Other Income (Expense):    
Interest Income 331,000 343,000
Carrying Costs Income 103,000 7,785,000
Allowance for Equity Funds Used During Construction 770,000 513,000
Interest Expense (48,204,000) (51,307,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 117,560,000 126,524,000
Income Tax Expense (Credit) 47,012,000 51,213,000
NET INCOME (LOSS) 70,548,000 75,311,000
Indiana Michigan Power Co [Member]
   
Revenues    
Utility Operations 490,603,000 436,027,000
Sales to AEP Affiliates 54,977,000 75,915,000
Other Revenues - Affiliated 35,825,000 30,711,000
Other Revenues 1,988,000 3,554,000
TOTAL REVENUES 583,393,000 546,207,000
Expenses    
Fuel and Other Consumables Used for Electric Generation 104,865,000 112,370,000
Purchased Electricity for Resale 41,812,000 35,910,000
Purchased Electricity from AEP Affiliates 101,376,000 87,953,000
Other Operation 145,238,000 135,216,000
Maintenance 45,514,000 42,265,000
Depreciation and Amortization 40,902,000 33,979,000
Taxes Other Than Income Taxes 22,456,000 22,189,000
TOTAL EXPENSES 502,163,000 469,882,000
OPERATING INCOME (LOSS) 81,230,000 76,325,000
Other Income (Expense):    
Interest Income 2,055,000 1,251,000
Allowance for Equity Funds Used During Construction 5,646,000 3,011,000
Interest Expense (24,211,000) (25,053,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 64,720,000 55,534,000
Income Tax Expense (Credit) 21,263,000 16,313,000
NET INCOME (LOSS) 43,457,000 39,221,000
Ohio Power Co [Member]
   
Revenues    
Utility Operations 933,681,000 1,040,831,000
Sales to AEP Affiliates 285,642,000 181,757,000
Other Revenues - Affiliated 7,840,000 9,111,000
Other Revenues 6,627,000 5,524,000
TOTAL REVENUES 1,233,790,000 1,237,223,000
Expenses    
Fuel and Other Consumables Used for Electric Generation 409,584,000 369,993,000
Purchased Electricity for Resale 43,185,000 58,134,000
Purchased Electricity from AEP Affiliates 80,381,000 88,683,000
Other Operation 184,187,000 130,342,000
Maintenance 74,295,000 80,604,000
Depreciation and Amortization 92,324,000 134,430,000
Taxes Other Than Income Taxes 105,021,000 105,418,000
TOTAL EXPENSES 988,977,000 967,604,000
OPERATING INCOME (LOSS) 244,813,000 269,619,000
Other Income (Expense):    
Interest Income 363,000 1,098,000
Carrying Costs Income 3,263,000 2,758,000
Allowance for Equity Funds Used During Construction 1,304,000 1,123,000
Interest Expense (50,173,000) (54,261,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 199,570,000 220,337,000
Income Tax Expense (Credit) 69,796,000 69,507,000
NET INCOME (LOSS) 129,774,000 150,830,000
Public Service Co Of Oklahoma [Member]
   
Revenues    
Utility Operations 259,903,000 292,522,000
Sales to AEP Affiliates 1,834,000 7,105,000
Other Revenues 552,000 904,000
TOTAL REVENUES 262,289,000 300,531,000
Expenses    
Fuel and Other Consumables Used for Electric Generation 43,310,000 125,425,000
Purchased Electricity for Resale 64,655,000 25,442,000
Purchased Electricity from AEP Affiliates 10,216,000 6,198,000
Other Operation 47,807,000 46,979,000
Maintenance 28,572,000 28,325,000
Depreciation and Amortization 24,180,000 23,533,000
Taxes Other Than Income Taxes 9,997,000 11,139,000
TOTAL EXPENSES 228,737,000 267,041,000
OPERATING INCOME (LOSS) 33,552,000 33,490,000
Other Income (Expense):    
Interest Income 928,000 935,000
Carrying Costs Income 207,000 613,000
Allowance for Equity Funds Used During Construction 980,000 422,000
Interest Expense (13,340,000) (14,711,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 22,327,000 20,749,000
Income Tax Expense (Credit) 8,634,000 8,101,000
NET INCOME (LOSS) 13,693,000 12,648,000
Southwestern Electric Power Co [Member]
   
Revenues    
Utility Operations 381,277,000 339,703,000
Sales to AEP Affiliates 12,709,000 8,957,000
Other Revenues 331,000 326,000
TOTAL REVENUES 394,317,000 348,986,000
Expenses    
Fuel and Other Consumables Used for Electric Generation 151,358,000 128,234,000
Purchased Electricity for Resale 39,760,000 35,467,000
Purchased Electricity from AEP Affiliates 1,017,000 6,255,000
Other Operation 59,448,000 51,593,000
Maintenance 27,791,000 21,262,000
Depreciation and Amortization 44,882,000 34,021,000
Taxes Other Than Income Taxes 19,422,000 16,786,000
TOTAL EXPENSES 343,678,000 293,618,000
OPERATING INCOME (LOSS) 50,639,000 55,368,000
Other Income (Expense):    
Interest Income 30,000 1,120,000
Allowance for Equity Funds Used During Construction 1,024,000 13,774,000
Interest Expense (33,990,000) (22,002,000)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 17,703,000 48,260,000
Income Tax Expense (Credit) 6,796,000 12,472,000
Equity Earnings (Loss) of Unconsolidated Subsidiaries 641,000 607,000
NET INCOME (LOSS) 11,548,000 36,395,000
Net Income Attributable to Noncontrolling Interests 1,090,000 1,083,000
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 10,458,000 $ 35,312,000