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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2018
Disaggregated Revenues from Contracts with Customers
 
 
Three Months Ended September 30, 2018
 
 
Vertically Integrated Utilities
 
Transmission and Distribution Utilities
 
AEP Transmission Holdco
 
Generation & Marketing
 
Corporate and Other
 
Reconciling Adjustments
 
AEP Consolidated
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
1,048.7

 
$
612.2

 
$
—

 
$
—

 
$
—

 
$
—

 
$
1,660.9

Commercial Revenues
 
618.5

 
336.7

 
—

 
—

 
—

 
—

 
955.2

Industrial Revenues
 
573.2

 
123.9

 
—

 
—

 
—

 
—

 
697.1

Other Retail Revenues
 
49.0

 
9.8

 
—

 
—

 
—

 
—

 
58.8

Total Retail Revenues
 
2,289.4

 
1,082.6

 
—

 
—

 
—

 
—

 
3,372.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale and Competitive Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (a)
 
224.2

 
—

 
—

 
115.1

 
—

 
(98.5
)
 
240.8

Transmission Revenues (b)
 
72.8

 
88.0

 
201.4

 
—

 
—

 
(241.6
)
 
120.6

Marketing, Competitive Retail and Renewable Revenues
 
—

 
—

 
—

 
399.1

 
—

 
—

 
399.1

Total Wholesale and Competitive Retail Revenues
 
297.0

 
88.0

 
201.4

 
514.2

 
—

 
(340.1
)
 
760.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (c)
 
40.3

 
69.9

 
0.7

 
12.7

 
21.5

 
49.5

 
194.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
2,626.7

 
1,240.5

 
202.1

 
526.9

 
21.5

 
(290.6
)
 
4,327.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (d)
 
0.2

 
(37.9
)
 
(14.9
)
 
—

 
—

 
—

 
(52.6
)
Other Revenues (c)
 
9.8

 
8.9

 
—

 
(5.3
)
 
2.2

 
43.0

 
58.6

Total Other Revenues
 
10.0

 
(29.0
)
 
(14.9
)
 
(5.3
)
 
2.2

 
43.0

 
6.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
2,636.7

 
$
1,211.5

 
$
187.2

 
$
521.6

 
$
23.7

 
$
(247.6
)
 
$
4,333.1


(a)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing is $35 million. The remaining affiliated amounts are immaterial.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco is $147 million. The remaining affiliated amounts are immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues.
(d)
The alternative revenue for Transmission and Distribution Utilities is primarily the $48 million reduction in revenue relating to the Ohio tax settlement. See the “Ohio Tax Reform” section of Note 4 for additional information.



 
 
Nine Months Ended September 30, 2018
 
 
Vertically Integrated Utilities
 
Transmission and Distribution Utilities
 
AEP Transmission Holdco
 
Generation & Marketing
 
Corporate and Other
 
Reconciling Adjustments
 
AEP Consolidated
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
2,906.9

 
$
1,711.0

 
$
—

 
$
—

 
$
—

 
$
—

 
$
4,617.9

Commercial Revenues
 
1,693.9

 
962.6

 
—

 
—

 
—

 
—

 
2,656.5

Industrial Revenues
 
1,655.2

 
366.8

 
—

 
—

 
—

 
—

 
2,022.0

Other Retail Revenues
 
139.1

 
29.2

 
—

 
—

 
—

 
—

 
168.3

Total Retail Revenues
 
6,395.1

 
3,069.6

 
—

 
—

 
—

 
—

 
9,464.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale and Competitive Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (a)
 
686.5

 
—

 
—

 
413.4

 
—

 
(155.2
)
 
944.7

Transmission Revenues (b)
 
208.4

 
272.6

 
633.9

 
—

 
—

 
(520.7
)
 
594.2

Marketing, Competitive Retail and Renewable Revenues
 
—

 
—

 
—

 
1,040.2

 
—

 
—

 
1,040.2

Total Wholesale and Competitive Retail Revenues
 
894.9

 
272.6

 
633.9

 
1,453.6

 
—

 
(675.9
)
 
2,579.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (c)
 
121.8

 
165.1

 
11.1

 
15.0

 
64.8

 
1.8

 
379.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
7,411.8

 
3,507.3

 
645.0

 
1,468.6

 
64.8

 
(674.1
)
 
12,423.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (d)
 
(19.2
)
 
(48.3
)
 
(39.8
)
 
—

 
—

 
—

 
(107.3
)
Other Revenues (c)
 
1.1

 
51.9

 
—

 
18.8

 
6.7

 
—

 
78.5

Total Other Revenues
 
(18.1
)
 
3.6

 
(39.8
)
 
18.8

 
6.7

 
—

 
(28.8
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
7,393.7

 
$
3,510.9

 
$
605.2

 
$
1,487.4

 
$
71.5

 
$
(674.1
)
 
$
12,394.6



(a)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing is $87 million. The remaining affiliated amounts are immaterial.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco is $444 million. The remaining affiliated amounts are immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues.
(d)
The alternative revenue for Transmission and Distribution Utilities is primarily the $48 million reduction in revenue relating to the Ohio tax settlement. See the “Ohio Tax Reform” section of Note 4 for additional information.

 
 
Three Months Ended September 30, 2018
 
 
AEP Texas
 
AEPTCo (a)
 
APCo
 
I&M
 
OPCo
 
PSO
 
SWEPCo
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
178.8

 
$
—

 
$
320.9

 
$
207.4

 
$
433.5

 
$
220.8

 
$
214.0

Commercial Revenues
 
113.7

 
—

 
155.6

 
139.5

 
222.9

 
122.2

 
142.6

Industrial Revenues
 
27.2

 
—

 
157.1

 
148.7

 
96.3

 
80.2

 
87.5

Other Retail Revenues
 
6.5

 
—

 
19.2

 
1.7

 
3.3

 
24.4

 
2.2

Total Retail Revenues
 
326.2

 
—

 
652.8

 
497.3

 
756.0

 
447.6

 
446.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (b)
 
—

 
—

 
74.5

 
93.6

 
—

 
12.5

 
53.2

Transmission Revenues (c)
 
73.6

 
206.6

 
20.9

 
6.2

 
14.8

 
13.5

 
29.5

Total Wholesale Revenues
 
73.6

 
206.6

 
95.4

 
99.8

 
14.8

 
26.0

 
82.7

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (d)
 
7.5

 
0.2

 
15.9

 
22.4

 
(29.9
)
 
5.5

 
6.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
407.3

 
206.8

 
764.1

 
619.5

 
740.9

 
479.1

 
535.6

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (e)
 
(1.0
)
 
(12.4
)
 
(1.2
)
 
1.5

 
(36.9
)
 
2.3

 
(0.3
)
Other Revenues (f)
 
27.1

 
—

 
(0.9
)
 
8.7

 
74.3

 
—

 
—

Total Other Revenues
 
26.1

 
(12.4
)
 
(2.1
)
 
10.2

 
37.4

 
2.3

 
(0.3
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
433.4

 
$
194.4

 
$
762.0

 
$
629.7

 
$
778.3

 
$
481.4

 
$
535.3


(a)
The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. For additional details on revisions made to AEPTCo’s financial statements, see Note 1- Significant Accounting Matters.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo is $30 million primarily relating to the PPA with Kingsport. The remaining affiliated amounts are immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo is $146 million. The remaining affiliated amounts are immaterial.
(d)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M is $17 million primarily relating to the barging, urea transloading and other transportation services. The remaining affiliated amounts are immaterial.
(e)
The alternative revenue for OPCo is primarily the $48 million reduction in revenue relating to the Ohio tax settlement. See the “Ohio Tax Reform” section of Note 4 for additional information.
(f)
Amounts include affiliated and nonaffiliated revenues.



 
 
Nine Months Ended September 30, 2018
 
 
AEP Texas
 
AEPTCo (a)
 
APCo
 
I&M
 
OPCo
 
PSO
 
SWEPCo
 
 
(in millions)
Retail Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Residential Revenues
 
$
453.6

 
$
—

 
$
1,017.2

 
$
559.4

 
$
1,258.4

 
$
531.4

 
$
512.3

Commercial Revenues
 
328.5

 
—

 
443.8

 
373.7

 
632.8

 
317.9

 
378.6

Industrial Revenues
 
79.7

 
—

 
455.9

 
424.1

 
287.8

 
220.4

 
248.1

Other Retail Revenues
 
19.1

 
—

 
57.6

 
5.4

 
9.8

 
64.9

 
6.4

Total Retail Revenues
 
880.9

 
—

 
1,974.5

 
1,362.6

 
2,188.8

 
1,134.6

 
1,145.4

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Wholesale Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Generation Revenues (b)
 
—

 
—

 
194.1

 
349.7

 
—

 
26.7

 
168.8

Transmission Revenues (c)
 
229.6

 
612.9

 
60.2

 
16.9

 
42.8

 
29.4

 
77.3

Total Wholesale Revenues
 
229.6

 
612.9

 
254.3

 
366.6

 
42.8

 
56.1

 
246.1

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues from Contracts with Customers (d)
 
21.8

 
8.7

 
42.2

 
71.0

 
51.3

 
14.6

 
18.0

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues from Contracts with Customers
 
1,132.3

 
621.6

 
2,271.0

 
1,800.2

 
2,282.9

 
1,205.3

 
1,409.5

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenues:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Alternative Revenues (e)
 
(1.1
)
 
(35.4
)
 
(20.7
)
 
(4.0
)
 
(47.2
)
 
11.2

 
2.3

Other Revenues (f)
 
62.1

 
—

 
(0.9
)
 
—

 
82.3

 
—

 
—

Total Other Revenues
 
61.0

 
(35.4
)
 
(21.6
)
 
(4.0
)
 
35.1

 
11.2

 
2.3

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Revenues
 
$
1,193.3

 
$
586.2

 
$
2,249.4

 
$
1,796.2

 
$
2,318.0

 
$
1,216.5

 
$
1,411.8



(a)
The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. For additional details on revisions made to AEPTCo’s financial statements, see Note 1- Significant Accounting Matters.
(b)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo is $100 million primarily relating to the PPA with Kingsport. The remaining affiliated amounts are immaterial.
(c)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo is $448 million. The remaining affiliated amounts are immaterial.
(d)
Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M is $57 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts are immaterial.
(e)
The alternative revenue for OPCo is primarily the $48 million reduction in revenue relating to the Ohio tax settlement. See the “Ohio Tax Reform” section of Note 4 for additional information.
(f)
Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations
Company
 
2018
 
2019-2020
 
2021-2022
 
After 2022
 
Total
 
 
(in millions)
AEP
 
$
246.1

 
$
258.7

 
$
164.8

 
$
349.0

 
$
1,018.6

AEP Texas
 
74.2

 
—

 
—

 
—

 
74.2

AEPTCo
 
166.8

 
—

 
—

 
—

 
166.8

APCo
 
30.7

 
32.9

 
25.5

 
11.6

 
100.7

I&M
 
6.3

 
3.0

 
2.9

 
1.4

 
13.6

OPCo
 
21.5

 
12.4

 
—

 
—

 
33.9

PSO
 
4.5

 
—

 
—

 
—

 
4.5

SWEPCo
 
9.1

 
—

 
—

 
—

 
9.1
Affiliated Accounts Receivable Contracts with Customers
Company
 
September 30, 2018
 
January 1, 2018
 
 
(in millions)
AEPTCo
 
$
71.9

 
$
47.1

APCo
 
54.1

 
35.6

I&M
 
24.7

 
15.1

OPCo
 
42.5

 
26.1

PSO
 
17.1

 
6.1

SWEPCo
 
20.3

 
11.0