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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues      
Revenue from Contracts with Customers $ 14,918.5 $ 15,561.4 $ 16,195.7
Sales to AEP Affiliates 0.0 0.0 0.0
TOTAL REVENUES 14,918.5 15,561.4 16,195.7
Expenses      
Other Operation 2,572.4 2,743.7 2,979.2
Maintenance 1,010.4 1,213.9 1,247.4
Asset Impairments and Other Related Charges 0.0 156.4 70.6
Depreciation and Amortization 2,682.8 2,514.5 2,286.6
Taxes Other Than Income Taxes 1,295.5 1,234.5 1,142.7
TOTAL EXPENSES 11,930.8 12,969.1 13,513.0
OPERATING INCOME (LOSS) 2,987.7 2,592.3 2,682.7
Other Income (Expense):      
Other Income 57.0 26.6 18.2
Allowance for Equity Funds Used During Construction 148.1 168.4 132.5
Non-Service Cost Components of Net Periodic Benefit Cost 119.0 120.0 124.5
Interest Expense (1,165.7) (1,072.5) (984.4)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 2,146.1 1,834.8 1,973.5
Income Tax Expense (Benefit) 40.5 (12.9) 115.3
Equity Earnings (Loss) of Unconsolidated Subsidiaries 91.1 72.1 73.1
Net Income (Loss) 2,196.7 1,919.8 1,931.3
Net Income Attributable to Noncontrolling Interests (3.4) (1.3) 7.5
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 2,200.1 $ 1,921.1 $ 1,923.8
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 495,718,223 493,694,345 492,774,600
Total Basic Earnings (Loss) per Share Attributable to AEP Common Shareholders $ 4.44 $ 3.89 $ 3.90
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 497,226,867 495,306,238 493,758,277
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.42 $ 3.88 $ 3.90
Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers $ 8,753.2 $ 9,245.7 $ 9,556.7
Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 4,238.7 4,319.0 4,552.3
Generation and Marketing Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 1,621.0 1,721.8 1,818.1
Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 305.6 274.9 268.6
TOTAL REVENUES 61.5 [1] 61.7 [2] 25.0 [3]
Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 1,439.3 1,940.9 2,359.4
Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 2,930.4 3,165.2 3,427.1
AEP Texas Inc. [Member]      
Revenues      
Revenue from Contracts with Customers 1,528.0 1,551.6 1,493.0
Sales to AEP Affiliates 90.8 160.5 105.2
TOTAL REVENUES 1,618.9 1,709.3 1,595.3
Expenses      
Other Operation 488.9 492.0 488.9
Maintenance 80.5 158.8 89.4
Asset Impairments and Other Related Charges 0.0 32.5 0.0
Depreciation and Amortization 529.8 622.3 499.6
Taxes Other Than Income Taxes 136.4 140.6 132.6
TOTAL EXPENSES 1,249.3 1,477.3 1,249.0
OPERATING INCOME (LOSS) 369.6 232.0 346.3
Other Income (Expense):      
Interest Income 1.4 3.4 0.8
Allowance for Equity Funds Used During Construction 19.4 15.2 20.0
Non-Service Cost Components of Net Periodic Benefit Cost 11.2 11.3 12.3
Interest Expense (171.8) (137.2) (147.3)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 229.8 124.7 232.1
Income Tax Expense (Benefit) (11.2) (53.6) 20.8
Net Income (Loss) 241.0 178.3 211.3
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,524.9 1,545.9 1,486.3
AEP Texas Inc. [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 3.2 2.9 3.8
TOTAL REVENUES 87.5 [4] 157.1 [5] 103.6 [6]
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 13.7 31.1 38.5
AEP Transmission Co [Member]      
Revenues      
Revenue from Contracts with Customers 1,232.7 1,042.1 832.0
Sales to AEP Affiliates 896.3 806.7 598.9
TOTAL REVENUES 1,145.7 1,021.4 776.1
Expenses      
Other Operation 99.8 93.9 83.8
Maintenance 10.2 15.4 10.5
Depreciation and Amortization 249.0 176.0 133.9
Taxes Other Than Income Taxes 205.2 168.9 137.8
TOTAL EXPENSES 564.2 454.2 366.0
OPERATING INCOME (LOSS) 581.5 567.2 410.1
Other Income (Expense):      
Interest Income 2.4 3.0 2.5
Allowance for Equity Funds Used During Construction 74.0 84.3 70.6
Interest Expense (127.8) (97.4) (83.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 530.1 557.1 400.0
Income Tax Expense (Benefit) 106.7 117.4 84.1
Net Income (Loss) 423.4 439.7 315.9
AEP Transmission Co [Member] | Transmission [Member]      
Revenues      
Revenue from Contracts with Customers 248.8 214.6 177.0
AEP Transmission Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 0.6 0.1 0.2
TOTAL REVENUES 0.0 [4] 0.0 [5] 0.0 [6]
Appalachian Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,809.2 2,911.1 2,993.2
Sales to AEP Affiliates 174.7 205.3 181.4
TOTAL REVENUES 2,796.2 2,924.7 2,967.5
Expenses      
Other Operation 530.5 567.6 511.6
Maintenance 226.8 255.4 316.9
Asset Impairments and Other Related Charges 0.0 92.9 0.0
Re-Establishment of Regulatory Asset - Coal Fired Generation (49.0) 0.0 0.0
Depreciation and Amortization 507.5 466.8 428.4
Taxes Other Than Income Taxes 150.2 146.2 134.7
TOTAL EXPENSES 2,239.6 2,527.4 2,484.0
OPERATING INCOME (LOSS) 556.6 397.3 483.5
Other Income (Expense):      
Interest Income 1.6 2.4 1.8
Carrying Costs Income 0.0 0.0 1.3
Allowance for Equity Funds Used During Construction 14.6 16.6 13.2
Non-Service Cost Components of Net Periodic Benefit Cost 18.8 17.0 17.9
Interest Expense (217.6) (205.0) (194.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 374.0 228.3 322.9
Income Tax Expense (Benefit) 4.3 (78.0) (44.9)
Net Income (Loss) 369.7 306.3 367.8
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,610.9 2,708.2 2,777.1
Appalachian Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 10.6 11.2 9.0
TOTAL REVENUES 0.0 [4] 0.0 [5] (1.9) [6]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 513.3 607.5 588.9
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 360.3 391.0 503.5
Indiana Michigan Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,236.0 2,308.1 2,381.0
Sales to AEP Affiliates 10.5 10.5 22.1
Other Revenues - Affiliated 60.8 63.4 63.4
TOTAL REVENUES 2,241.8 2,306.7 2,370.7
Expenses      
Purchased Electricity from AEP Affiliates 172.8 214.9 237.9
Other Operation 650.0 641.2 585.4
Maintenance 193.2 231.2 238.1
Depreciation and Amortization 411.6 350.6 293.1
Taxes Other Than Income Taxes 107.1 105.1 98.9
TOTAL EXPENSES 1,878.9 1,965.9 1,993.5
OPERATING INCOME (LOSS) 362.9 340.8 377.2
Other Income (Expense):      
Other Income 10.0 18.2 19.2
Allowance for Equity Funds Used During Construction 11.5 19.4 11.9
Non-Service Cost Components of Net Periodic Benefit Cost 16.7 17.7 18.1
Interest Expense (112.3) (117.9) (124.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 277.3 258.8 290.4
Income Tax Expense (Benefit) (7.5) (10.6) 29.1
Net Income (Loss) 284.8 269.4 261.3
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,165.3 2,222.1 2,272.6
Indiana Michigan Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 5.2 10.7 12.6
Sales to AEP Affiliates 69.0 73.0 70.0
TOTAL REVENUES 0.0 [4] 0.0 [5] (8.2) [6]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 162.0 190.6 318.3
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 182.2 232.3 221.8
Ohio Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,665.0 2,748.8 3,079.9
Sales to AEP Affiliates 41.5 27.3 21.0
TOTAL REVENUES 2,749.1 2,797.6 3,063.4
Expenses      
Purchased Electricity from AEP Affiliates 119.7 156.0 135.3
Amortization of Generation Deferrals 0.0 65.3 223.9
Other Operation 822.6 742.6 771.3
Maintenance 127.1 150.1 156.0
Depreciation and Amortization 276.6 240.9 259.7
Taxes Other Than Income Taxes 450.2 434.2 412.8
TOTAL EXPENSES 2,345.4 2,396.4 2,643.6
OPERATING INCOME (LOSS) 403.7 401.2 419.8
Other Income (Expense):      
Interest Income 1.0 3.2 3.4
Carrying Costs Income 1.6 1.0 1.7
Allowance for Equity Funds Used During Construction 12.5 18.2 9.8
Non-Service Cost Components of Net Periodic Benefit Cost 15.0 14.6 15.5
Interest Expense (117.2) (106.2) (100.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 316.6 332.0 349.5
Income Tax Expense (Benefit) 45.2 34.9 24.0
Net Income (Loss) 271.4 297.1 325.5
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,698.6 2,759.5 3,033.8
Ohio Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 9.0 10.8 8.6
TOTAL REVENUES 17.5 [4] 17.1 [5] 4.3 [6]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 549.2 607.3 684.6
Public Service Co Of Oklahoma [Member]      
Revenues      
Revenue from Contracts with Customers 1,263.9 1,512.8 1,536.4
Sales to AEP Affiliates 5.2 6.1 5.4
TOTAL REVENUES 1,266.1 1,481.8 1,547.3
Expenses      
Other Operation 327.3 315.0 372.8
Maintenance 98.4 100.7 104.8
Depreciation and Amortization 173.5 169.5 164.0
Taxes Other Than Income Taxes 47.5 43.3 42.8
TOTAL EXPENSES 1,090.2 1,282.5 1,404.8
OPERATING INCOME (LOSS) 175.9 199.3 142.5
Other Income (Expense):      
Interest Income 0.1 1.2 0.1
Allowance for Equity Funds Used During Construction 4.0 2.7 0.4
Non-Service Cost Components of Net Periodic Benefit Cost 8.5 8.4 8.7
Interest Expense (60.3) (66.5) (63.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 128.2 145.1 88.2
Income Tax Expense (Benefit) 5.2 7.5 5.0
Net Income (Loss) 123.0 137.6 83.2
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,246.1 1,469.6 1,537.6
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 14.8 6.1 4.3
TOTAL REVENUES 0.0 [4] 0.0 [5] 0.0 [6]
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 15.6 195.1 240.5
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 427.9 458.9 479.9
Southwestern Electric Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 1,735.3 1,799.2 1,817.0
Sales to AEP Affiliates 41.0 36.9 35.1
Provision for Refund (2.0) (32.0) (6.7)
TOTAL REVENUES 1,738.5 1,750.9 1,821.9
Expenses      
Other Operation 338.3 348.0 384.2
Maintenance 129.7 145.6 141.5
Depreciation and Amortization 272.7 249.1 239.5
Taxes Other Than Income Taxes 102.8 100.2 99.6
TOTAL EXPENSES 1,448.0 1,495.2 1,544.2
OPERATING INCOME (LOSS) 290.5 255.7 277.7
Other Income (Expense):      
Interest Income 2.1 2.6 5.4
Allowance for Equity Funds Used During Construction 7.7 6.8 6.0
Non-Service Cost Components of Net Periodic Benefit Cost 8.4 8.5 8.7
Interest Expense (118.5) (119.1) (127.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 190.2 154.5 169.9
Income Tax Expense (Benefit) 9.4 (4.7) 20.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 2.9 3.0 2.7
Net Income (Loss) 183.7 162.2 152.2
Net Income Attributable to Noncontrolling Interests 2.9 3.6 5.0
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 180.8 158.6 147.2
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,696.6 1,744.6 1,791.9
Southwestern Electric Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 2.9 1.4 1.6
TOTAL REVENUES 0.0 [4] 0.0 [5] 0.0 [6]
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 443.5 472.8 502.3
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold $ 161.0 $ 179.5 $ 177.1
[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.