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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Revenue from Contracts with Customers $ 3,826.5 $ 3,494.0 $ 8,107.6 $ 7,241.5
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 3,826.5 3,494.0 8,107.6 7,241.5
Expenses        
Other Operation 566.9 566.0 1,159.3 1,168.1
Maintenance 264.3 243.4 539.2 492.9
Depreciation and Amortization 707.3 679.5 1,403.6 1,351.7
Taxes Other Than Income Taxes 354.1 317.5 700.6 638.6
TOTAL EXPENSES 3,016.6 2,771.3 6,487.4 5,767.2
OPERATING INCOME (LOSS) 809.9 722.7 1,620.2 1,474.3
Other Income (Expense):        
Other Income 33.1 14.3 54.8 9.9
Allowance for Equity Funds Used During Construction 33.5 35.1 66.9 66.5
Non-Service Cost Components of Net Periodic Benefit Cost 29.7 29.8 59.3 59.5
Interest Expense (301.6) (294.0) (591.8) (586.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 604.6 507.9 1,209.4 1,024.1
Income Tax Expense (Benefit) 61.2 12.6 115.7 59.1
Equity Earnings (Loss) of Unconsolidated Subsidiaries 30.4 19.2 58.9 48.8
Net Income (Loss) 573.8 514.5 1,152.6 1,013.8
Net Income (Loss) Attributable to Noncontrolling Interests (4.4) (6.3) (0.6) (2.2)
Earnings Attributable to Common Shareholders $ 578.2 $ 520.8 $ 1,153.2 $ 1,016.0
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 499,916,640 495,655,053 498,495,532 495,125,961
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.16 $ 1.05 $ 2.31 $ 2.05
Weighted Average Number of Diluted AEP Common Shares Outstanding 500,983,778 497,337,980 499,581,893 496,973,449
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.15 $ 1.05 $ 2.31 $ 2.04
Common Stock, Dividends Per Share, Declared $ 0.74 $ 0.70    
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers $ 2,224.6 $ 2,062.3 $ 4,729.1 $ 4,255.3
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,089.6 1,009.4 2,171.9 2,084.6
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 422.5 350.2 1,024.2 758.6
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 89.8 72.1 182.4 143.0
TOTAL REVENUES 29.1 [1] (1.1) [2] 33.9 [3] 18.8 [4]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 1,124.0 964.9 2,684.7 2,115.9
AEP Texas Inc. [Member]        
Revenues        
Sales to AEP Affiliates 1.0 16.9 2.0 48.0
TOTAL REVENUES 398.5 401.5 762.7 825.1
Expenses        
Other Operation 109.6 92.9 231.8 210.4
Maintenance 18.7 23.1 37.8 43.7
Depreciation and Amortization 102.0 165.6 199.5 328.1
Taxes Other Than Income Taxes 39.5 34.0 75.8 68.0
TOTAL EXPENSES 269.8 318.8 544.9 653.4
OPERATING INCOME (LOSS) 128.7 82.7 217.8 171.7
Other Income (Expense):        
Interest Income 0.2 0.1 0.4 0.7
Allowance for Equity Funds Used During Construction 3.4 4.9 7.5 10.0
Non-Service Cost Components of Net Periodic Benefit Cost 2.7 2.8 5.5 5.6
Interest Expense (45.3) (42.2) (88.3) (84.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 89.7 48.3 142.9 103.3
Income Tax Expense (Benefit) 9.9 (18.6) 17.0 (11.2)
Net Income (Loss) 79.8 66.9 125.9 114.5
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 396.6 383.5 758.3 775.1
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.9 1.1 2.4 2.0
TOTAL REVENUES 0.0 [5] 16.1 [6] 0.0 [7] 46.3 [8]
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 0.0 3.2 0.0 3.2
AEP Transmission Co [Member]        
Revenues        
Sales to AEP Affiliates 281.4 177.7 567.0 411.4
TOTAL REVENUES 365.5 238.1 727.2 533.7
Expenses        
Other Operation 24.4 22.9 45.5 46.7
Maintenance 3.3 0.1 6.9 3.3
Depreciation and Amortization 72.4 58.9 143.0 114.9
Taxes Other Than Income Taxes 60.1 50.2 117.9 100.6
TOTAL EXPENSES 160.2 132.1 313.3 265.5
OPERATING INCOME (LOSS) 205.3 106.0 413.9 268.2
Other Income (Expense):        
Interest Income 0.1 1.3 0.2 2.1
Allowance for Equity Funds Used During Construction 16.6 18.5 33.3 34.7
Interest Expense (34.3) (32.8) (68.4) (62.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 187.7 93.0 379.0 242.6
Income Tax Expense (Benefit) 39.1 19.3 78.7 51.1
Net Income (Loss) 148.6 73.7 300.3 191.5
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 84.1 60.4 160.1 121.7
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.1 0.6
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member]        
Revenues        
Sales to AEP Affiliates 38.1 30.8 88.2 80.5
TOTAL REVENUES 677.0 637.5 1,494.0 1,386.9
Expenses        
Other Operation 118.7 108.8 269.1 242.8
Maintenance 50.1 46.4 115.3 96.7
Depreciation and Amortization 135.4 120.6 271.2 242.8
Taxes Other Than Income Taxes 39.2 37.5 76.9 75.4
TOTAL EXPENSES 556.5 517.6 1,199.6 1,095.6
OPERATING INCOME (LOSS) 120.5 119.9 294.4 291.3
Other Income (Expense):        
Interest Income 0.3 0.5 0.6 0.8
Allowance for Equity Funds Used During Construction 4.3 2.4 7.8 4.8
Non-Service Cost Components of Net Periodic Benefit Cost 4.8 4.7 9.5 9.4
Interest Expense (52.9) (54.1) (107.8) (107.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 77.0 73.4 204.5 199.1
Income Tax Expense (Benefit) 10.7 (7.9) 15.7 2.5
Net Income (Loss) 66.3 81.3 188.8 196.6
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 636.5 604.0 1,400.7 1,301.0
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.4 2.7 5.1 5.4
TOTAL REVENUES (0.2) [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 137.2 153.9 301.1 264.9
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 75.9 50.4 166.0 173.0
Indiana Michigan Power Co [Member]        
Revenues        
Sales to AEP Affiliates 0.7 4.9 1.5 7.8
Other Revenues - Affiliated 12.2 15.8 26.5 28.3
TOTAL REVENUES 583.8 546.6 1,148.3 1,116.9
Expenses        
Purchased Electricity from AEP Affiliates 57.8 43.7 109.4 79.9
Other Operation 160.3 149.5 314.9 294.2
Maintenance 64.4 44.3 113.4 93.4
Depreciation and Amortization 108.9 105.2 218.1 199.1
Taxes Other Than Income Taxes 29.8 25.7 56.0 52.1
TOTAL EXPENSES 510.8 457.3 985.0 910.9
OPERATING INCOME (LOSS) 73.0 89.3 163.3 206.0
Other Income (Expense):        
Other Income 3.4 3.1 6.4 5.6
Allowance for Equity Funds Used During Construction     7.0 4.8
Non-Service Cost Components of Net Periodic Benefit Cost 4.1 4.2 8.2 8.4
Interest Expense (29.1) (28.1) (56.4) (58.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 51.4 68.5 121.5 161.2
Income Tax Expense (Benefit) (5.8) 4.7 (6.5) 5.1
Net Income (Loss) 57.2 63.8 128.0 156.1
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 569.2 524.9 1,116.9 1,078.3
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.7 1.0 3.4 2.5
Sales to AEP Affiliates 13.0 18.0 29.0 34.0
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 49.9 48.4 86.2 101.6
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 39.7 40.5 87.0 90.6
Ohio Power Co [Member]        
Revenues        
Sales to AEP Affiliates 12.8 16.3 17.6 24.7
TOTAL REVENUES 704.9 640.4 1,428.8 1,330.7
Expenses        
Purchased Electricity from AEP Affiliates 14.4 30.3 44.5 72.7
Other Operation 193.2 186.6 377.8 363.9
Maintenance 38.4 26.9 77.1 58.5
Depreciation and Amortization 76.6 59.8 151.7 130.3
Taxes Other Than Income Taxes 118.9 108.0 240.2 220.0
TOTAL EXPENSES 595.1 525.5 1,220.2 1,108.4
OPERATING INCOME (LOSS) 109.8 114.9 208.6 222.3
Other Income (Expense):        
Interest Income 0.1 0.2 0.3 0.4
Carrying Costs Income 0.5 0.6 1.0 1.0
Allowance for Equity Funds Used During Construction 2.9 2.8 5.6 4.7
Non-Service Cost Components of Net Periodic Benefit Cost 3.6 3.7 7.3 7.5
Interest Expense (31.7) (30.1) (63.3) (59.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 85.2 92.1 159.5 176.9
Income Tax Expense (Benefit) 11.2 11.2 17.3 20.9
Net Income (Loss) 74.0 80.9 142.2 156.0
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 690.1 621.8 1,406.8 1,301.0
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.0 2.3 4.4 5.0
TOTAL REVENUES 4.0 [5] 3.8 [6] 9.3 [7] 9.9 [8]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 153.6 113.9 328.9 263.0
Public Service Co Of Oklahoma [Member]        
Revenues        
Sales to AEP Affiliates 1.1 1.3 2.1 2.4
TOTAL REVENUES 344.5 308.6 640.6 605.9
Expenses        
Other Operation 81.3 69.6 160.4 156.8
Maintenance 22.5 24.6 46.9 49.0
Depreciation and Amortization 50.2 45.0 100.1 89.7
Taxes Other Than Income Taxes 12.5 12.4 25.0 23.7
TOTAL EXPENSES 290.5 249.0 577.3 543.9
OPERATING INCOME (LOSS) 54.0 59.6 63.3 62.0
Other Income (Expense):        
Interest Income 1.6 0.0 1.7 0.1
Allowance for Equity Funds Used During Construction 0.6 0.9 1.0 1.9
Non-Service Cost Components of Net Periodic Benefit Cost 2.2 2.1 4.3 4.2
Interest Expense (14.1) (15.5) (28.5) (31.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 44.3 47.1 41.8 36.9
Income Tax Expense (Benefit) (1.8) 0.7 (1.6) 0.8
Net Income (Loss) 46.1 46.4 43.4 36.1
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 342.5 301.1 636.1 596.5
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.9 6.2 2.4 7.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 124.0 97.4 244.9 224.7
Southwestern Electric Power Co [Member]        
Revenues        
Sales to AEP Affiliates 10.9 13.1 18.7 20.6
TOTAL REVENUES 430.1 415.0 1,046.2 800.9
Expenses        
Other Operation 88.6 70.0 178.9 162.2
Maintenance 31.8 32.7 65.8 66.5
Depreciation and Amortization 73.0 68.1 142.6 135.4
Taxes Other Than Income Taxes 30.1 25.0 60.1 50.3
TOTAL EXPENSES 362.0 322.4 885.7 673.2
OPERATING INCOME (LOSS) 68.1 92.6 160.5 127.7
Other Income (Expense):        
Interest Income 3.1 0.5 4.1 1.1
Allowance for Equity Funds Used During Construction 1.9 0.9 4.0 2.3
Non-Service Cost Components of Net Periodic Benefit Cost 2.0 2.1 4.1 4.2
Interest Expense (31.4) (29.7) (60.7) (59.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 43.7 66.4 112.0 75.5
Income Tax Expense (Benefit) 7.1 7.9 12.7 1.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.8 0.7 1.5 1.5
Net Income (Loss) 37.4 59.2 100.8 75.3
Net Income (Loss) Attributable to Noncontrolling Interests 0.6 0.4 1.6 1.4
Earnings Attributable to Common Shareholders 36.8 58.8 99.2 73.9
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 418.8 401.0 1,026.5 778.6
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.4 0.9 1.0 1.7
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold $ 138.5 $ 126.6 $ 438.3 $ 258.8
[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.