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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Revenue from Contracts with Customers $ 4,056.8 $ 4,048.3
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 4,056.8 4,048.3
Expenses    
Other Operation 666.0 726.4
Maintenance 274.5 298.5
Depreciation and Amortization 605.8 539.7
Taxes Other Than Income Taxes 309.9 285.6
TOTAL EXPENSES 3,268.4 3,342.3
OPERATING INCOME (LOSS) 788.4 706.0
Other Income (Expense):    
Other Income 8.6 5.5
Allowance for Equity Funds Used During Construction 28.9 30.7
Non-Service Cost Components of Net Periodic Benefit Cost 30.0 32.0
Interest Expense (255.8) (234.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 600.1 540.2
Income Tax Expense (Benefit) 44.5 102.0
Equity Earnings (Loss) of Unconsolidated Subsidiaries 18.5 18.5
NET INCOME (LOSS) 574.1 456.7
Net Income Attributable to Noncontrolling Interests 1.3 2.3
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 572.8 $ 454.4
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 493,309,076 492,267,402
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.16 $ 0.92
Weighted Average Number of Diluted AEP Common Shares Outstanding 494,484,144 493,127,300
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.16 $ 0.92
Common Stock, Dividends, Per Share, Declared $ 0.67 $ 0.62
Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers $ 2,372.3 $ 2,381.5
Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,179.8 1,141.2
Generation & Marketing [Member]    
Revenues    
Revenue from Contracts with Customers 439.7 477.5
Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 65.0 48.1
TOTAL REVENUES 50.8 [1] 28.5 [2]
Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 550.4 501.8
Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 861.8 990.3
AEP Texas Inc. [Member]    
Revenues    
Revenue from Contracts with Customers 351.8 354.1
Sales to AEP Affiliates 40.2 18.2
TOTAL REVENUES 390.7 371.6
Expenses    
Other Operation 109.8 117.0
Maintenance 25.3 21.5
Depreciation and Amortization 138.9 110.0
Taxes Other Than Income Taxes 36.5 32.4
TOTAL EXPENSES 319.9 289.8
OPERATING INCOME (LOSS) 70.8 81.8
Other Income (Expense):    
Interest Income 0.4 0.5
Allowance for Equity Funds Used During Construction 1.8 5.5
Non-Service Cost Components of Net Periodic Benefit Cost 2.8 3.1
Interest Expense (37.4) (35.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 38.4 55.9
Income Tax Expense (Benefit) 4.0 9.1
NET INCOME (LOSS) 34.4 46.8
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 349.8 352.4
AEP Texas Inc. [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.7 1.0
TOTAL REVENUES 39.8 [3] 17.8 [4]
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 9.4 8.9
AEP Transmission Co [Member]    
Revenues    
Revenue from Contracts with Customers 245.2 187.0 [5]
Sales to AEP Affiliates 193.2 160.7 [6]
TOTAL REVENUES 243.5 191.7 [5],[6]
Expenses    
Other Operation 17.0 16.6
Maintenance 3.2 2.6
Depreciation and Amortization 40.3 30.3
Taxes Other Than Income Taxes 41.4 31.1
TOTAL EXPENSES 101.9 80.6
OPERATING INCOME (LOSS) 141.6 111.1
Other Income (Expense):    
Interest Income 0.7 0.4 [6]
Allowance for Equity Funds Used During Construction 11.3 14.9
Interest Expense (21.7) (20.3) [6]
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 131.9 106.1
Income Tax Expense (Benefit) 27.6 22.0 [6]
NET INCOME (LOSS) 104.3 84.1 [6]
AEP Transmission Co [Member] | Transmission Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 50.3 30.9 [6]
AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.1 [6]
TOTAL REVENUES 0.0 [3] 0.0 [4],[5]
Appalachian Power Co [Member]    
Revenues    
Revenue from Contracts with Customers 788.4 826.3
Sales to AEP Affiliates 51.7 49.4
TOTAL REVENUES 792.8 820.4
Expenses    
Other Operation 136.9 138.2
Maintenance 61.5 72.0
Depreciation and Amortization 112.5 108.5
Taxes Other Than Income Taxes 35.9 33.8
TOTAL EXPENSES 640.7 627.4
OPERATING INCOME (LOSS) 152.1 193.0
Other Income (Expense):    
Interest Income 0.8 0.3
Carrying Costs Income 0.0 0.5
Allowance for Equity Funds Used During Construction 1.7 2.6
Non-Service Cost Components of Net Periodic Benefit Cost 4.3 4.5
Interest Expense (49.3) (47.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 109.6 153.5
Income Tax Expense (Benefit) (24.1) 28.0
NET INCOME (LOSS) 133.7 125.5
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 738.7 767.5
Appalachian Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.4 3.5
TOTAL REVENUES 0.0 [3] 0.0 [4]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 183.3 69.0
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 110.6 205.9
Indiana Michigan Power Co [Member]    
Revenues    
Revenue from Contracts with Customers 619.1 576.3
Sales to AEP Affiliates 2.3 4.7
Other Revenues - Affiliated 13.3 13.2
TOTAL REVENUES 614.3 576.8
Expenses    
Purchased Electricity from AEP Affiliates 59.8 61.4
Other Operation 140.5 146.1
Maintenance 58.3 54.5
Depreciation and Amortization 86.2 59.3
Taxes Other Than Income Taxes 27.3 25.0
TOTAL EXPENSES 499.3 479.4
OPERATING INCOME (LOSS) 115.0 97.4
Other Income (Expense):    
Carrying Costs Income (0.7) 2.4
Other Income 5.7 4.4
Allowance for Equity Funds Used During Construction 6.2 1.8
Non-Service Cost Components of Net Periodic Benefit Cost 4.4 4.5
Interest Expense (28.9) (29.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 96.2 76.6
Income Tax Expense (Benefit) (2.7) 12.4
NET INCOME (LOSS) 98.9 64.2
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 596.7 553.9
Indiana Michigan Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.0 5.0
Sales to AEP Affiliates 15.0 15.0
TOTAL REVENUES 0.0 [3] 5.5 [4]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 57.6 77.5
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 69.6 55.6
Ohio Power Co [Member]    
Revenues    
Revenue from Contracts with Customers 828.1 780.7
Sales to AEP Affiliates 7.5 3.1
TOTAL REVENUES 836.8 790.9
Expenses    
Purchased Electricity from AEP Affiliates 46.1 30.2
Amortization Of Generation Deferrals 32.4 58.6
Other Operation 216.9 172.2
Maintenance 32.5 37.2
Depreciation and Amortization 63.3 64.8
Taxes Other Than Income Taxes 108.9 105.1
TOTAL EXPENSES 674.3 673.6
OPERATING INCOME (LOSS) 162.5 117.3
Other Income (Expense):    
Interest Income 0.8 0.9
Carrying Costs Income 0.2 0.7
Allowance for Equity Funds Used During Construction 5.2 2.5
Non-Service Cost Components of Net Periodic Benefit Cost 3.7 3.9
Interest Expense (24.6) (25.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 147.8 100.1
Income Tax Expense (Benefit) 19.8 20.5
NET INCOME (LOSS) 128.0 79.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 826.5 786.3
Ohio Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.8 1.5
TOTAL REVENUES 5.1 [3] 3.9 [4]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 174.2 205.5
Public Service Co Of Oklahoma [Member]    
Revenues    
Revenue from Contracts with Customers 334.0 333.5
Sales to AEP Affiliates 1.6 1.1
TOTAL REVENUES 332.8 336.8
Expenses    
Other Operation 73.6 86.8
Maintenance 22.5 26.9
Depreciation and Amortization 43.5 36.8
Taxes Other Than Income Taxes 11.4 11.6
TOTAL EXPENSES 311.9 332.9
OPERATING INCOME (LOSS) 20.9 3.9
Other Income (Expense):    
Other Income 0.1 0.0
Allowance for Equity Funds Used During Construction 0.1 (0.1)
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.2
Interest Expense (16.9) (14.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 6.2 (8.6)
Income Tax Expense (Benefit) 0.0 (1.4)
NET INCOME (LOSS) 6.2 (7.2)
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 329.2 335.1
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.0 0.6
TOTAL REVENUES 0.0 [3] 0.0 [4]
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 38.0 48.4
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 122.9 122.4
Southwestern Electric Power Co [Member]    
Revenues    
Revenue from Contracts with Customers 426.4 419.7
Sales to AEP Affiliates 6.4 6.1
TOTAL REVENUES 421.1 419.4
Expenses    
Other Operation 84.6 94.9
Maintenance 28.9 31.0
Depreciation and Amortization 62.1 57.4
Taxes Other Than Income Taxes 25.3 25.0
TOTAL EXPENSES 367.0 377.8
OPERATING INCOME (LOSS) 54.1 41.6
Other Income (Expense):    
Interest Income 0.7 1.8
Allowance for Equity Funds Used During Construction 1.8 2.3
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.3
Interest Expense (29.7) (32.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 29.0 15.8
Income Tax Expense (Benefit) 0.7 2.9
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.7 0.5
NET INCOME (LOSS) 29.0 13.4
Net Income Attributable to Noncontrolling Interests 1.2 1.6
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 27.8 11.8
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 414.3 413.0
Southwestern Electric Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.4 0.3
TOTAL REVENUES 0.0 [3] 0.0 [4]
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 133.5 126.8
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold $ 32.6 $ 42.7
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Amounts include affiliated and nonaffiliated revenues.
[3] Amounts include affiliated and nonaffiliated revenues.
[4] Amounts include affiliated and nonaffiliated revenues.
[5] The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. See the “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.
[6] The amounts presented reflect the revisions made to AEPTCo’s previously issued financial statements. See the “Revisions to Previously Issued Financial Statements” section of Note 1 for additional information.