XML 77 R33.htm IDEA: XBRL DOCUMENT v3.21.1
Revenue from Contracts with Customers (Tables)
 3 Months Ended
Mar. 31, 2021
Disaggregated Revenues from Contracts with Customers
Three Months Ended March 31, 2021
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,046.1 $548.1 $— $— $— $— $1,594.2 
Commercial Revenues486.2 239.2 — — — — 725.4 
Industrial Revenues484.0 85.7 — — — (0.2)569.5 
Other Retail Revenues37.8 10.0 — — — — 47.8 
Total Retail Revenues2,054.1 883.0 — — — (0.2)2,936.9 
Wholesale and Competitive Retail Revenues:
Generation Revenues 352.6 — — 40.5 — — 393.1 
Transmission Revenues (a)89.0 130.5 360.4 — — (299.3)280.6 
Renewable Generation Revenues (b)— — — 22.4 — (0.7)21.7 
Retail, Trading and Marketing Revenues (c)— — — 569.8 1.2 (31.8)539.2 
Total Wholesale and Competitive Retail Revenues
441.6 130.5 360.4 632.7 1.2 (331.8)1,234.6 
Other Revenues from Contracts with Customers (b)42.3 52.1 4.6 1.5 8.6 (21.2)87.9 
Total Revenues from Contracts with Customers
2,538.0 1,065.6 365.0 634.2 9.8 (353.2)4,259.4 
Other Revenues:
Alternative Revenues (b)(0.7)17.2 12.0 — — (11.6)16.9 
Other Revenues (b)— 5.3 — — 3.1 (3.6)4.8 
Total Other Revenues(0.7)22.5 12.0 — 3.1 (15.2)21.7 
Total Revenues$2,537.3 $1,088.1 $377.0 $634.2 $12.9 $(368.4)$4,281.1 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $273 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $32 million. The remaining affiliated amounts were immaterial.
Three Months Ended March 31, 2020
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$915.1 $521.3 $— $— $— $— $1,436.4 
Commercial Revenues489.4 276.9 — — — — 766.3 
Industrial Revenues518.2 97.8 — — — (0.2)615.8 
Other Retail Revenues39.9 11.8 — — — — 51.7 
Total Retail Revenues1,962.6 907.8 — — — (0.2)2,870.2 
Wholesale and Competitive Retail Revenues:
Generation Revenues 140.4 — — 44.1 — — 184.5 
Transmission Revenues (a)79.9 114.1 309.8 — — (263.0)240.8 
Renewable Generation Revenues (b)— — — 17.2 — (0.6)16.6 
Retail, Trading and Marketing Revenues (c)
— — — 358.7 (6.0)(29.4)323.3 
Total Wholesale and Competitive Retail Revenues
220.3 114.1 309.8 420.0 (6.0)(293.0)765.2 
Other Revenues from Contracts with Customers (b)43.6 36.4 3.7 0.3 28.1 (40.6)71.5 
Total Revenues from Contracts with Customers
2,226.5 1,058.3 313.5 420.3 22.1 (333.8)3,706.9 
Other Revenues:
Alternative Revenues (b)0.2 19.3 (3.3)— — 4.5 20.7 
Other Revenues (b)— 29.3 — 18.3 (2.2)(25.5)19.9 
Total Other Revenues0.2 48.6 (3.3)18.3 (2.2)(21.0)40.6 
Total Revenues$2,226.7 $1,106.9 $310.2 $438.6 $19.9 $(354.8)$3,747.5 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $239 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $35 million. The remaining affiliated amounts were immaterial.
Three Months Ended March 31, 2021
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$122.7 $— $416.9 $213.6 $425.3 $136.8 $166.3 
Commercial Revenues80.7 — 130.2 113.6 158.5 72.7 112.9 
Industrial Revenues26.5 — 130.9 128.4 59.2 56.4 70.6 
Other Retail Revenues6.8 — 16.9 1.4 3.2 15.7 2.3 
Total Retail Revenues236.7 — 694.9 457.0 646.2 281.6 352.1 
Wholesale Revenues:
Generation Revenues (a)— — 72.4 79.6 — (7.1)228.6 
Transmission Revenues (b)112.0 345.2 34.2 8.3 18.5 9.4 28.9 
Total Wholesale Revenues112.0 345.2 106.6 87.9 18.5 2.3 257.5 
Other Revenues from Contracts with Customers (c)
16.2 4.6 13.1 20.7 36.0 12.6 6.4 
Total Revenues from Contracts with Customers
364.9 349.8 814.6 565.6 700.7 296.5 616.0 
Other Revenues:
Alternative Revenues (d)(0.7)11.9 2.2 (1.1)17.9 (0.4)0.1 
Other Revenues (d)— — 0.2 — 5.3 — — 
Total Other Revenues(0.7)11.9 2.4 (1.1)23.2 (0.4)0.1 
Total Revenues$364.2 $361.7 $817.0 $564.5 $723.9 $296.1 $616.1 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $32 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $270 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $16 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues.
Three Months Ended March 31, 2020
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$132.9 $— $357.5 $201.3 $388.4 $128.5 $131.6 
Commercial Revenues112.8 — 132.3 122.2 164.0 76.1 105.6 
Industrial Revenues35.2 — 141.1 137.8 62.7 61.3 79.8 
Other Retail Revenues8.4 — 17.9 1.8 3.4 16.6 2.0 
Total Retail Revenues289.3 — 648.8 463.1 618.5 282.5 319.0 
Wholesale Revenues:
Generation Revenues (a)— — 54.1 78.4 — 1.9 34.1 
Transmission Revenues (b)96.9 298.2 30.4 7.4 17.1 7.8 25.4 
Total Wholesale Revenues96.9 298.2 84.5 85.8 17.1 9.7 59.5 
Other Revenues from Contracts with Customers (c)
7.9 3.4 17.2 21.0 28.6 4.7 5.8 
Total Revenues from Contracts with Customers
394.1 301.6 750.5 569.9 664.2 296.9 384.3 
Other Revenues:
Alternative Revenues (d)(0.7)(6.0)(1.1)0.4 20.0 0.4 1.6 
Other Revenues (d)30.2 — — — 6.1 — — 
Total Other Revenues29.5 (6.0)(1.1)0.4 26.1 0.4 1.6 
Total Revenues$423.6 $295.6 $749.4 $570.3 $690.3 $297.3 $385.9 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $33 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $235 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $16 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations
Company20212022-20232024-2025After 2025Total
(in millions)
AEP$873.4 $171.3 $160.4 $161.5 $1,366.6 
AEP Texas349.0 — — — 349.0 
AEPTCo1,001.3 — — — 1,001.3 
APCo130.4 32.3 24.3 11.7 198.7 
I&M25.8 8.8 8.8 4.4 47.8 
OPCo49.7 — — 0.1 49.8 
PSO14.8 — — — 14.8 
SWEPCo41.6 — — — 41.6 
Affiliated Accounts Receivable Contracts with Customers
CompanyMarch 31, 2021December 31, 2020
(in millions)
AEPTCo$92.3 $81.0 
APCo52.6 52.7 
I&M31.4 34.8 
OPCo47.8 45.9 
PSO14.9 7.8 
SWEPCo22.8 11.2