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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Revenue from Contracts with Customers $ 19,639.5 $ 16,792.0 $ 14,918.5
Sales to AEP Affiliates 0.0 0.0 0.0
TOTAL REVENUES 19,639.5 16,792.0 14,918.5
Expenses      
Other Operation 2,878.1 2,547.7 2,572.4
Maintenance 1,249.4 1,121.8 1,010.4
Loss on the Expected Sale of the Kentucky Operations 363.3 0.0 0.0
Asset Impairments and Other Related Charges 48.8 11.6 0.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset (37.0) 0.0 0.0
Gain on Sale of Merchant Generation Assets (116.3) 0.0 0.0
Depreciation and Amortization 3,202.8 2,825.7 2,682.8
Taxes Other Than Income Taxes 1,469.8 1,407.6 1,295.5
TOTAL EXPENSES 16,156.8 13,380.7 11,930.8
OPERATING INCOME (LOSS) 3,482.7 3,411.3 2,987.7
Other Income (Expense):      
Other Income 11.6 41.4 57.0
Allowance for Equity Funds Used During Construction 133.7 139.7 148.1
Non-Service Cost Components of Net Periodic Benefit Cost 188.5 118.6 119.0
Interest Expense (1,396.1) (1,199.1) (1,165.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 2,420.4 2,511.9 2,146.1
Income Tax Expense/Benefit 5.4 115.5 40.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries (109.4) 91.7 91.1
Net Income (Loss) 2,305.6 2,488.1 2,196.7
Net Income Attributable to Noncontrolling Interests (1.6) 0.0 (3.4)
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 2,307.2 $ 2,488.1 $ 2,200.1
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 511,841,946 500,522,177 495,718,223
Total Basic Earnings (Loss) per Share Attributable to AEP Common Shareholders $ 4.51 $ 4.97 $ 4.44
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 513,484,609 501,784,032 497,226,867
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.49 $ 4.96 $ 4.42
Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers $ 11,292.8 $ 9,852.2 $ 8,753.2
Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 5,489.6 4,464.1 4,238.7
Generation and Marketing Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 2,448.9 2,108.3 1,621.0
Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 408.2 367.4 305.6
TOTAL REVENUES 360.3 [1],[2] 227.6 [3],[4] 61.5 [5],[6]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 7,097.9 5,466.3 4,369.7
AEP Texas Inc. [Member]      
Revenues      
Revenue from Contracts with Customers 1,848.0 1,587.7 1,528.0
Sales to AEP Affiliates 3.5 3.9 90.8
TOTAL REVENUES 1,846.8 1,593.8 1,618.9
Expenses      
Other Operation 594.2 489.5 488.9
Maintenance 93.5 86.2 80.5
Depreciation and Amortization 452.4 387.0 529.8
Taxes Other Than Income Taxes 157.5 155.1 136.4
TOTAL EXPENSES 1,297.6 1,117.8 1,249.3
OPERATING INCOME (LOSS) 549.2 476.0 369.6
Other Income (Expense):      
Interest Income 3.6 0.8 1.4
Allowance for Equity Funds Used During Construction 19.7 21.5 19.4
Non-Service Cost Components of Net Periodic Benefit Cost 16.7 11.1 11.2
Interest Expense (208.7) (176.5) (171.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 380.5 332.9 229.8
Income Tax Expense/Benefit 72.6 43.1 (11.2)
Net Income (Loss) 307.9 289.8 241.0
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,839.7 1,586.4 1,524.9
AEP Texas Inc. [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 3.6 3.5 3.2
TOTAL REVENUES 0.0 [7] 0.0 [8] 87.5 [9]
AEP Texas Inc. [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 0.0 0.0 13.7
AEP Transmission Co [Member]      
Revenues      
Revenue from Contracts with Customers 1,651.7 1,410.9 1,232.7
Sales to AEP Affiliates 1,354.5 1,171.5 954.6
TOTAL REVENUES 1,624.5 1,469.3 1,145.7
Expenses      
Other Operation 136.3 105.5 99.8
Maintenance 17.2 18.4 10.2
Depreciation and Amortization 346.2 297.3 249.0
Taxes Other Than Income Taxes 271.1 238.8 205.2
TOTAL EXPENSES 770.8 660.0 564.2
OPERATING INCOME (LOSS) 853.7 809.3 581.5
Other Income (Expense):      
Interest Income 1.6 0.5 2.4
Allowance for Equity Funds Used During Construction 70.7 67.2 74.0
Interest Expense (162.7) (141.2) (127.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 763.3 735.8 530.1
Income Tax Expense/Benefit 169.1 144.1 106.7
Net Income (Loss) 594.2 591.7 423.4
Earnings Per Share      
Provision for Refund-Affiliated (70.7) (17.6) (58.3)
Provision for Refund-Nonaffiliated (14.2) (2.4) (16.0)
AEP Transmission Co [Member] | Transmission [Member]      
Revenues      
Revenue from Contracts with Customers 354.9 317.8 265.4
AEP Transmission Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers (0.2) 0.3 0.6
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Appalachian Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 3,520.7 3,092.9 2,809.2
Sales to AEP Affiliates 256.1 197.9 174.7
TOTAL REVENUES 3,519.9 3,105.2 2,796.2
Expenses      
Other Operation 724.1 610.0 530.5
Maintenance 297.8 265.5 226.8
Asset Impairments and Other Related Charges 24.9 0.0 0.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset (37.0) 0.0 0.0
Re-Establishment of Regulatory Asset - Coal Fired Generation 0.0 0.0 (49.0)
Depreciation and Amortization 575.9 546.2 507.5
Taxes Other Than Income Taxes 158.2 154.2 150.2
TOTAL EXPENSES 2,917.8 2,555.8 2,239.6
OPERATING INCOME (LOSS) 602.1 549.4 556.6
Other Income (Expense):      
Interest Income 3.5 1.0 1.6
Allowance for Equity Funds Used During Construction 11.7 15.6 14.6
Non-Service Cost Components of Net Periodic Benefit Cost 29.0 19.0 18.8
Interest Expense (233.9) (214.0) (217.6)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 412.4 371.0 374.0
Income Tax Expense/Benefit 18.2 22.1 4.3
Net Income (Loss) 394.2 348.9 369.7
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 3,245.5 2,895.5 2,610.9
Appalachian Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 18.3 11.8 10.6
TOTAL REVENUES 0.5 [7] 0.0 [8] 0.0 [9]
Appalachian Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 1,173.9 979.9 873.6
Indiana Michigan Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,659.7 2,330.7 2,236.0
Sales to AEP Affiliates 15.3 3.8 10.5
Other Revenues - Affiliated 54.3 54.0 60.8
TOTAL REVENUES 2,669.6 2,326.7 2,241.8
Expenses      
Purchased Electricity from AEP Affiliates 241.8 217.9 172.8
Other Operation 621.0 645.2 650.0
Maintenance 227.2 210.0 193.2
Depreciation and Amortization 527.2 446.0 411.6
Taxes Other Than Income Taxes 97.0 110.8 107.1
TOTAL EXPENSES 2,249.7 1,968.8 1,878.9
OPERATING INCOME (LOSS) 419.9 357.9 362.9
Other Income (Expense):      
Other Income 9.3 11.7 10.0
Allowance for Equity Funds Used During Construction 9.8 12.8 11.5
Non-Service Cost Components of Net Periodic Benefit Cost 24.9 16.4 16.7
Interest Expense (125.2) (116.8) (112.3)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 328.9 269.2 277.3
Income Tax Expense/Benefit 4.2 (10.6) (7.5)
Net Income (Loss) 324.7 279.8 284.8
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,588.3 2,261.2 2,165.3
Indiana Michigan Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 11.7 7.7 5.2
Sales to AEP Affiliates 62.0 60.0 69.0
TOTAL REVENUES (0.1) [7] 0.0 [8] 0.0 [9]
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 535.5 338.9 344.2
Ohio Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 3,672.1 2,837.5 2,665.0
Sales to AEP Affiliates 18.8 24.8 41.5
TOTAL REVENUES 3,665.1 2,899.1 2,749.1
Expenses      
Purchased Electricity from AEP Affiliates 9.8 51.9 119.7
Other Operation 982.0 836.8 822.6
Maintenance 185.5 158.2 127.1
Depreciation and Amortization 294.3 303.3 276.6
Taxes Other Than Income Taxes 502.4 485.7 450.2
TOTAL EXPENSES 3,251.4 2,513.9 2,345.4
OPERATING INCOME (LOSS) 413.7 385.2 403.7
Other Income (Expense):      
Interest Income 0.9 0.6 1.0
Other Income 0.4 1.2 1.6
Allowance for Equity Funds Used During Construction 13.9 10.8 12.5
Non-Service Cost Components of Net Periodic Benefit Cost 22.1 14.6 15.0
Interest Expense (119.6) (124.4) (117.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 331.4 288.0 316.6
Income Tax Expense/Benefit 44.2 34.4 45.2
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.6 0.0 0.0
Net Income (Loss) 287.8 253.6 271.4
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 3,635.3 2,863.7 2,698.6
Ohio Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 11.0 10.6 9.0
TOTAL REVENUES 18.6 [7] 19.0 [8] 17.5 [9]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]      
Expenses      
Cost of Goods and Services Sold 1,277.4 678.0 549.2
Public Service Co Of Oklahoma [Member]      
Revenues      
Revenue from Contracts with Customers 1,875.7 1,474.3 1,263.9
Sales to AEP Affiliates 2.9 4.2 5.2
TOTAL REVENUES 1,874.7 1,474.4 1,266.1
Expenses      
Other Operation 400.4 353.8 327.3
Maintenance 114.4 97.2 98.4
Depreciation and Amortization 230.1 196.6 173.5
Taxes Other Than Income Taxes 57.5 49.6 47.5
TOTAL EXPENSES 1,693.9 1,281.5 1,090.2
OPERATING INCOME (LOSS) 180.8 192.9 175.9
Other Income (Expense):      
Interest Income 7.4 4.3 0.1
Allowance for Equity Funds Used During Construction 1.5 2.4 4.0
Non-Service Cost Components of Net Periodic Benefit Cost 12.5 8.5 8.5
Interest Expense (83.8) (62.9) (60.3)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 118.4 145.2 128.2
Income Tax Expense/Benefit (49.2) 4.1 5.2
Net Income (Loss) 167.6 141.1 123.0
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 1,865.6 1,465.3 1,246.1
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 6.2 4.9 14.8
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold 891.5 584.3 443.5
Southwestern Electric Power Co [Member]      
Revenues      
Revenue from Contracts with Customers 2,283.2 2,126.0 1,735.3
Sales to AEP Affiliates 59.5 41.4 41.0
Provision for Refund (5.6) (0.4) (2.0)
TOTAL REVENUES 2,284.4 2,131.8 1,738.5
Expenses      
Other Operation 424.7 360.3 338.3
Maintenance 148.6 136.7 129.7
Asset Impairments and Other Related Charges 0.0 11.6 0.0
Depreciation and Amortization 324.8 295.0 272.7
Taxes Other Than Income Taxes 126.8 117.7 102.8
TOTAL EXPENSES 1,914.4 1,792.3 1,448.0
OPERATING INCOME (LOSS) 370.0 339.5 290.5
Other Income (Expense):      
Interest Income 17.7 9.2 2.1
Allowance for Equity Funds Used During Construction 4.9 7.0 7.7
Non-Service Cost Components of Net Periodic Benefit Cost 12.5 8.3 8.4
Interest Expense (137.4) (125.9) (118.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 267.7 238.1 190.2
Income Tax Expense/Benefit (25.2) (0.6) 9.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 1.4 3.4 2.9
Net Income (Loss) 294.3 242.1 183.7
Net Income Attributable to Noncontrolling Interests 4.2 3.1 2.9
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 290.1 239.0 180.8
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contracts with Customers 2,228.6 2,088.9 1,696.6
Southwestern Electric Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contracts with Customers 1.9 1.9 2.9
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Cost of Goods and Services Sold $ 889.5 $ 871.0 $ 604.5
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Generation & Marketing includes economic hedge activity.
[3] Amounts include affiliated and nonaffiliated revenues.
[4] Generation & Marketing includes economic hedge activity.
[5] Amounts include affiliated and nonaffiliated revenues.
[6] Generation & Marketing includes economic hedge activity.
[7] Amounts include affiliated and nonaffiliated revenues.
[8] Amounts include affiliated and nonaffiliated revenues.
[9] Amounts include affiliated and nonaffiliated revenues.