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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Revenue from Contracts with Customers $ 4,066.4 $ 4,315.0 $ 11,307.9 $ 11,945.4
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 4,066.4 4,315.0 11,307.9 11,945.4
Expenses        
Other Operation 702.9 708.3 1,871.0 1,981.7
Maintenance 237.6 267.7 730.5 890.9
Depreciation and Amortization 644.6 645.2 1,996.3 1,873.6
Taxes Other Than Income Taxes 337.7 320.5 976.3 932.7
TOTAL EXPENSES 3,123.2 3,356.8 8,890.4 9,647.8
OPERATING INCOME (LOSS) 943.2 958.2 2,417.5 2,297.6
Other Income (Expense):        
Other Income 5.5 3.2 15.4 18.4
Allowance for Equity Funds Used During Construction 45.2 43.0 111.7 122.3
Non-Service Cost Components of Net Periodic Benefit Cost 29.7 30.0 89.2 90.0
Interest Expense (291.3) (275.1) (877.4) (781.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 732.3 759.3 1,756.4 1,746.7
Income Tax Expense (Benefit) (1.2) 40.6 57.9 30.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 14.7 15.2 63.5 51.1
Net Income (Loss) 748.2 733.9 1,762.0 1,767.1
Net Income (Loss) Attributable to Noncontrolling Interests (0.4) 0.4 (2.6) (0.5)
Earnings Attributable to Common Shareholders $ 748.6 $ 733.5 $ 1,764.6 $ 1,767.6
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 496,177,968 493,839,034 495,479,190 493,579,430
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.51 $ 1.49 $ 3.56 $ 3.58
Weighted Average Number of Diluted AEP Common Shares Outstanding 497,458,523 495,461,509 496,916,187 495,105,986
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.50 $ 1.48 $ 3.55 $ 3.57
Common Stock, Dividends Per Share, Declared $ 0.70 $ 0.67    
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers $ 2,400.1 $ 2,598.9 $ 6,655.4 $ 7,087.6
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,124.1 1,147.3 3,208.7 3,328.7
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 464.8 501.2 1,223.4 1,323.8
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 77.4 67.6 220.4 205.3
TOTAL REVENUES (5.5) [1] 14.3 [2] 13.3 [3] 54.6 [4]
Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 459.3 631.2 1,174.9 1,662.5
Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 741.1 783.9 2,141.4 2,306.4
AEP Texas Inc. [Member]        
Revenues        
Sales to AEP Affiliates 41.4 42.7 89.4 125.1
TOTAL REVENUES 432.0 489.3 1,257.1 1,318.0
Expenses        
Other Operation 134.3 128.2 344.7 349.2
Maintenance 20.4 21.7 64.1 136.9
Depreciation and Amortization 107.7 170.2 435.8 464.8
Taxes Other Than Income Taxes 38.7 39.8 106.7 110.3
TOTAL EXPENSES 311.5 371.1 964.9 1,090.3
OPERATING INCOME (LOSS) 120.5 118.2 292.2 227.7
Other Income (Expense):        
Interest Income 0.5 0.4 1.2 1.5
Allowance for Equity Funds Used During Construction 4.4 5.1 14.4 8.3
Non-Service Cost Components of Net Periodic Benefit Cost 2.8 2.8 8.4 8.4
Interest Expense (44.5) (35.8) (129.2) (92.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 83.7 90.7 187.0 153.2
Income Tax Expense (Benefit) 1.1 13.7 (10.1) (38.8)
Net Income (Loss) 82.6 77.0 197.1 192.0
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 390.1 445.4 1,165.2 1,190.3
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.5 1.2 2.5 2.6
TOTAL REVENUES 40.6 [5] 41.8 [6] 86.9 [7] 122.6 [8]
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 10.4 11.2 13.6 29.1
AEP Transmission Co [Member]        
Revenues        
Sales to AEP Affiliates 241.2 205.7 652.6 608.0
TOTAL REVENUES 304.1 259.7 837.8 770.1
Expenses        
Other Operation 25.3 26.0 72.0 61.7
Maintenance 3.5 3.2 6.8 8.9
Depreciation and Amortization 61.5 45.3 176.4 128.4
Taxes Other Than Income Taxes 52.2 42.9 152.8 126.2
TOTAL EXPENSES 142.5 117.4 408.0 325.2
OPERATING INCOME (LOSS) 161.6 142.3 429.8 444.9
Other Income (Expense):        
Interest Income 0.2 0.8 2.3 2.1
Allowance for Equity Funds Used During Construction 20.2 21.0 54.9 61.1
Interest Expense (32.7) (26.4) (95.1) (69.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 149.3 137.7 391.9 438.6
Income Tax Expense (Benefit) 31.7 30.1 82.8 90.7
Net Income (Loss) 117.6 107.6 309.1 347.9
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 62.9 54.0 184.6 162.1
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.6 0.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member]        
Revenues        
Sales to AEP Affiliates 44.4 56.6 124.9 154.6
TOTAL REVENUES 735.7 755.5 2,122.6 2,204.1
Expenses        
Other Operation 136.3 140.4 379.1 416.2
Maintenance 52.0 61.5 148.7 184.3
Depreciation and Amortization 123.2 118.7 366.0 348.3
Taxes Other Than Income Taxes 38.8 36.7 114.2 108.5
TOTAL EXPENSES 583.8 612.9 1,679.4 1,832.5
OPERATING INCOME (LOSS) 151.9 142.6 443.2 371.6
Other Income (Expense):        
Interest Income 0.6 0.3 1.4 2.1
Allowance for Equity Funds Used During Construction 6.7 4.8 11.5 12.5
Non-Service Cost Components of Net Periodic Benefit Cost 4.7 4.3 14.1 12.8
Interest Expense (55.0) (51.6) (162.2) (152.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 108.9 100.4 308.0 246.5
Income Tax Expense (Benefit) (7.7) (3.9) (5.2) (47.0)
Net Income (Loss) 116.6 104.3 313.2 293.5
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 688.9 696.7 1,989.9 2,041.3
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.4 2.2 7.8 8.2
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Sales to AEP Affiliates 28.0 32.0 85.0 96.0
Expenses        
Cost of Goods and Services Sold 166.0 177.3 430.9 521.8
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 67.5 78.3 240.5 253.4
Indiana Michigan Power Co [Member]        
Revenues        
Sales to AEP Affiliates 1.3 2.7 9.1 7.3
Other Revenues - Affiliated 14.1 16.2 42.4 50.4
TOTAL REVENUES 586.7 611.1 1,703.6 1,768.5
Expenses        
Purchased Electricity from AEP Affiliates 55.9 61.0 135.8 172.1
Other Operation 165.5 172.7 459.7 467.7
Maintenance 51.0 50.9 144.4 163.8
Depreciation and Amortization 104.5 88.1 303.6 261.6
Taxes Other Than Income Taxes 27.4 25.1 79.5 78.6
TOTAL EXPENSES 486.2 503.8 1,397.1 1,468.3
OPERATING INCOME (LOSS) 100.5 107.3 306.5 300.2
Other Income (Expense):        
Other Income 2.2 3.5 7.8 15.3
Allowance for Equity Funds Used During Construction     8.8 16.4
Non-Service Cost Components of Net Periodic Benefit Cost 4.1 4.5 12.5 13.3
Interest Expense (26.9) (28.8) (85.7) (85.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 79.9 86.5 241.1 242.9
Income Tax Expense (Benefit) 3.2 (2.3) 8.3 (5.1)
Net Income (Loss) 76.7 88.8 232.8 248.0
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 570.1 589.1 1,648.4 1,703.2
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.2 3.1 3.7 7.6
Sales to AEP Affiliates 15.0 20.0 49.0 57.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 44.4 61.2 146.0 161.2
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 37.5 44.8 128.1 163.3
Ohio Power Co [Member]        
Revenues        
Sales to AEP Affiliates 8.3 9.0 33.0 18.2
TOTAL REVENUES 741.0 710.6 2,071.7 2,154.0
Expenses        
Purchased Electricity from AEP Affiliates 24.1 40.6 96.8 120.4
Amortization of Generation Deferrals 0.0 8.8 0.0 65.3
Other Operation 244.6 194.9 608.5 565.7
Maintenance 33.7 40.0 92.2 106.7
Depreciation and Amortization 74.1 57.4 204.4 176.8
Taxes Other Than Income Taxes 117.8 112.0 337.8 326.9
TOTAL EXPENSES 643.6 612.0 1,752.0 1,815.8
OPERATING INCOME (LOSS) 97.4 98.6 319.7 338.2
Other Income (Expense):        
Interest Income 0.4 0.8 0.8 2.7
Carrying Costs Income 0.3 0.3 1.3 0.7
Allowance for Equity Funds Used During Construction 4.6 4.8 9.3 14.1
Non-Service Cost Components of Net Periodic Benefit Cost 3.8 3.7 11.3 11.0
Interest Expense (29.4) (27.9) (88.4) (78.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 77.1 80.3 254.0 288.6
Income Tax Expense (Benefit) 18.1 11.2 39.0 40.9
Net Income (Loss) 59.0 69.1 215.0 247.7
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 730.4 698.6 2,031.4 2,127.4
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.3 3.0 7.3 8.4
TOTAL REVENUES 3.4 [5] (2.8) [6] 13.3 [7] 3.8 [8]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 149.3 158.3 412.3 454.0
Public Service Co Of Oklahoma [Member]        
Revenues        
Sales to AEP Affiliates 1.4 1.3 3.8 5.0
TOTAL REVENUES 382.2 493.0 988.1 1,173.9
Expenses        
Other Operation 91.7 87.6 248.5 226.0
Maintenance 19.9 21.5 68.9 70.1
Depreciation and Amortization 40.1 39.1 129.8 125.4
Taxes Other Than Income Taxes 12.1 11.1 35.8 33.0
TOTAL EXPENSES 289.4 373.0 833.3 976.4
OPERATING INCOME (LOSS) 92.8 120.0 154.8 197.5
Other Income (Expense):        
Interest Income 0.0 0.4 0.1 0.6
Allowance for Equity Funds Used During Construction 1.3 0.8 3.2 1.5
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1 6.3 6.3
Interest Expense (14.6) (16.1) (45.9) (50.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 81.6 107.2 118.5 155.6
Income Tax Expense (Benefit) 1.3 6.9 2.1 7.2
Net Income (Loss) 80.3 100.3 116.4 148.4
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 379.8 490.5 976.3 1,164.3
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.0 1.2 8.0 4.6
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 20.9 98.4 36.2 181.2
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 104.7 115.3 314.1 340.7
Southwestern Electric Power Co [Member]        
Revenues        
Sales to AEP Affiliates 8.5 8.8 33.5 21.6
TOTAL REVENUES 517.3 545.5 1,318.2 1,342.1
Expenses        
Other Operation 96.8 91.9 259.0 242.4
Maintenance 30.7 35.9 97.2 104.1
Depreciation and Amortization 68.5 63.2 203.9 187.1
Taxes Other Than Income Taxes 26.7 26.2 77.0 76.0
TOTAL EXPENSES 395.4 410.8 1,068.6 1,120.3
OPERATING INCOME (LOSS) 121.9 134.7 249.6 221.8
Other Income (Expense):        
Interest Income 0.6 0.6 1.7 2.0
Allowance for Equity Funds Used During Construction 3.4 1.6 5.7 4.5
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1 6.3 6.4
Interest Expense (29.3) (29.2) (89.1) (89.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 98.7 109.8 174.2 145.3
Income Tax Expense (Benefit) 10.8 (0.7) 12.5 0.0
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.7 0.8 2.2 2.3
Net Income (Loss) 88.6 111.3 163.9 147.6
Net Income (Loss) Attributable to Noncontrolling Interests 0.7 0.8 2.1 3.1
Earnings Attributable to Common Shareholders 87.9 110.5 161.8 144.5
Earnings Per Share        
Provision for Refund 2.4 (0.1) (2.0) (25.3)
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 505.7 536.5 1,284.3 1,344.8
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.7 0.3 2.4 1.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 131.7 148.8 306.4 400.2
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold $ 41.0 $ 44.8 $ 125.1 $ 110.5
[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] Amounts include affiliated and nonaffiliated revenues.
[6] Amounts include affiliated and nonaffiliated revenues.
[7] Amounts include affiliated and nonaffiliated revenues.
[8] Amounts include affiliated and nonaffiliated revenues.