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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues      
Vertically Integrated Utilities $ 9,069.9 $ 9,396.8 $ 9,346.6
Transmission and Distribution Utilities 4,392.0 4,552.6 4,279.1
Generation and Marketing 2,866.7 2,384.3 1,208.0
Other Revenues 124.6 44.9 (20.2)
TOTAL REVENUES 16,453.2 16,378.6 14,813.5
Expenses      
Fuel and Other Consumables Used for Electric Generation 3,348.1 4,271.8 4,068.3
Purchased Electricity for Resale 2,760.1 2,085.9 1,490.8
Other Operation 2,703.9 2,766.6 2,448.4
Maintenance 1,325.3 1,328.0 1,163.2
Asset Impairments and Other Related Charges 0.0 0.0 226.4
Depreciation and Amortization 2,009.7 1,897.6 1,712.5
Taxes Other Than Income Taxes 972.6 901.3 881.4
TOTAL EXPENSES 13,119.7 13,251.2 11,991.0
OPERATING INCOME (LOSS) 3,333.5 3,127.4 2,822.5
Other Income (Expense):      
Interest and Investment Income 7.9 7.4 57.9
Carrying Costs Income 23.5 33.2 30.2
Allowance for Equity Funds Used During Construction 131.9 102.9 72.7
Interest Expense (873.9) (868.0) (890.0)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 2,622.9 2,402.9 2,093.3
Income Tax Expense (Credit) 919.6 902.6 677.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 65.3 90.2 58.3
Income from Continuing Operations 1,768.6 1,590.5 1,473.9
Income from Discontinued Operations, Net of Tax 283.7 47.5 10.3
NET INCOME (LOSS) 2,052.3 1,638.0 1,484.2
Net Income Attributable to Noncontrolling Interests 5.2 4.2 3.7
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 2,047.1 $ 1,633.8 $ 1,480.5
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 490,340,522 488,592,997 486,619,555
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS $ 3.59 $ 3.24 $ 3.02
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS 0.58 0.10 0.02
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.17 $ 3.34 $ 3.04
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 490,574,568 488,899,840 487,040,956
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM CONTINUING OPERATIONS $ 3.59 $ 3.24 $ 3.02
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS FROM DISCONTINUED OPERATIONS 0.58 0.10 0.02
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.17 $ 3.34 $ 3.04
Appalachian Power Co [Member]      
Revenues      
Vertically Integrated Utilities $ 2,805.6 $ 2,899.4 $ 3,059.6
Sales to AEP Affiliates 147.8 144.5 347.5
Other Revenues 10.1 9.2 10.3
TOTAL REVENUES 2,963.5 3,053.1 3,417.4
Expenses      
Fuel and Other Consumables Used for Electric Generation 675.9 813.4 769.9
Purchased Electricity for Resale 395.2 456.6 232.7
Purchased Electricity from AEP Affiliates 0.0 4.7 830.9
Other Operation 405.4 427.7 312.0
Maintenance 263.3 259.3 273.2
Asset Impairments and Other Related Charges 0.0 0.0 39.3
Depreciation and Amortization 388.8 400.9 342.6
Taxes Other Than Income Taxes 124.1 122.3 110.5
TOTAL EXPENSES 2,252.7 2,484.9 2,911.1
OPERATING INCOME (LOSS) 710.8 568.2 506.3
Other Income (Expense):      
Interest Income 1.4 1.6 2.4
Carrying Costs Income 1.2 3.0 8.1
Allowance for Equity Funds Used During Construction 13.8 7.1 2.3
Interest Expense (192.3) (209.6) (193.0)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 534.9 370.3 326.1
Income Tax Expense (Credit) 194.3 154.9 132.9
NET INCOME (LOSS) 340.6 215.4 193.2
Indiana Michigan Power Co [Member]      
Revenues      
Vertically Integrated Utilities 2,073.3 2,149.1 2,022.3
Sales to AEP Affiliates 27.4 4.2 219.4
Other Revenues - Affiliated 78.8 94.4 122.3
Other Revenues 6.7 2.0 2.9
TOTAL REVENUES 2,186.2 2,249.7 2,366.9
Expenses      
Fuel and Other Consumables Used for Electric Generation 336.3 476.6 434.1
Purchased Electricity for Resale 195.8 96.8 151.4
Purchased Electricity from AEP Affiliates 232.1 270.0 433.2
Other Operation 553.4 586.0 564.0
Maintenance 212.0 228.5 195.9
Depreciation and Amortization 198.4 200.2 177.7
Taxes Other Than Income Taxes 88.3 86.4 88.7
TOTAL EXPENSES 1,816.3 1,944.5 2,045.0
OPERATING INCOME (LOSS) 369.9 305.2 321.9
Other Income (Expense):      
Interest Income 9.6 4.6 8.5
Allowance for Equity Funds Used During Construction 11.6 18.9 19.9
Interest Expense (90.2) (93.5) (97.7)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 300.9 235.2 252.6
Income Tax Expense (Credit) 96.1 79.6 75.1
NET INCOME (LOSS) 204.8 155.6 177.5
Ohio Power Co [Member]      
Revenues      
Transmission and Distribution Utilities 3,056.1 3,204.9 3,562.2
Sales to AEP Affiliates 84.1 165.2 1,166.9
Other Revenues - Affiliated 0.0 0.0 18.1
Other Revenues 8.5 6.8 15.4
TOTAL REVENUES 3,148.7 3,376.9 4,762.6
Expenses      
Fuel and Other Consumables Used for Electric Generation 0.0 0.0 1,496.9
Purchased Electricity for Resale 635.0 282.0 151.5
Purchased Electricity from AEP Affiliates 496.4 1,192.7 349.7
Amortization of Generation Deferrals 169.1 110.9 0.0
Other Operation 630.3 594.8 708.0
Maintenance 166.8 196.0 319.6
Asset Impairments and Other Related Charges 0.0 0.0 154.3
Depreciation and Amortization 217.5 213.7 382.6
Taxes Other Than Income Taxes 372.8 353.3 406.9
TOTAL EXPENSES 2,687.9 2,943.4 3,969.5
OPERATING INCOME (LOSS) 460.8 433.5 793.1
Other Income (Expense):      
Interest Income 5.6 10.0 3.3
Carrying Costs Income 11.8 26.5 16.3
Allowance for Equity Funds Used During Construction 8.8 6.9 5.0
Interest Expense (127.8) (128.3) (182.0)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 359.2 348.6 635.7
Income Tax Expense (Credit) 126.5 132.2 225.7
NET INCOME (LOSS) 232.7 216.4 410.0
Public Service Co Of Oklahoma [Member]      
Revenues      
Vertically Integrated Utilities 1,331.4 1,340.3 1,277.7
Sales to AEP Affiliates 4.6 7.1 14.2
Other Revenues 3.2 4.2 3.6
TOTAL REVENUES 1,339.2 1,351.6 1,295.5
Expenses      
Fuel and Other Consumables Used for Electric Generation 301.4 258.0 327.8
Purchased Electricity for Resale 316.9 385.0 246.1
Purchased Electricity from AEP Affiliates 0.0 11.0 36.9
Other Operation 268.4 262.8 225.5
Maintenance 104.6 108.0 107.1
Depreciation and Amortization 117.5 101.0 95.7
Taxes Other Than Income Taxes 37.2 37.0 45.2
TOTAL EXPENSES 1,146.0 1,162.8 1,084.3
OPERATING INCOME (LOSS) 193.2 188.8 211.2
Other Income (Expense):      
Interest Income 0.4 0.2 1.1
Carrying Costs Income 0.0 0.0 0.3
Allowance for Equity Funds Used During Construction 8.8 3.1 4.2
Interest Expense (58.6) (54.6) (53.1)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 143.8 137.5 163.7
Income Tax Expense (Credit) 51.3 50.6 65.9
NET INCOME (LOSS) 92.5 86.9 97.8
Southwestern Electric Power Co [Member]      
Revenues      
Vertically Integrated Utilities 1,762.3 1,817.9 1,742.6
Sales to AEP Affiliates 16.6 26.3 51.8
Other Revenues 2.0 2.2 1.4
TOTAL REVENUES 1,780.9 1,846.4 1,795.8
Expenses      
Fuel and Other Consumables Used for Electric Generation 570.6 650.4 630.5
Purchased Electricity for Resale 110.6 178.1 170.0
Purchased Electricity from AEP Affiliates 0.0 3.8 11.2
Other Operation 294.5 272.8 250.7
Maintenance 155.9 149.2 129.7
Depreciation and Amortization 192.0 185.1 179.2
Taxes Other Than Income Taxes 88.1 84.3 80.7
TOTAL EXPENSES 1,411.7 1,523.7 1,452.0
OPERATING INCOME (LOSS) 369.2 322.7 343.8
Other Income (Expense):      
Interest Income 1.2 0.3 0.1
Allowance for Equity Funds Used During Construction 26.4 11.9 7.4
Interest Expense (119.9) (126.1) (130.3)
INCOME BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 276.9 208.8 221.0
Income Tax Expense (Credit) 84.8 66.4 69.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 3.9 2.2 2.3
NET INCOME (LOSS) 196.0 144.6 153.8
Net Income Attributable to Noncontrolling Interests 3.7 4.2 4.0
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 192.3 $ 140.4 $ 149.8