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Organization and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2022
Reconciliation of Cash, Cash Equivalents and Restricted Cash
December 31, 2022
AEPAEP TexasAPCo
(in millions)
Cash and Cash Equivalents$509.4 $0.1 $7.5 
Restricted Cash47.1 32.7 14.4 
Total Cash, Cash Equivalents and Restricted Cash$556.5 $32.8 $21.9 

December 31, 2021
AEPAEP TexasAPCo
(in millions)
Cash and Cash Equivalents$403.4 $0.1 $2.5 
Restricted Cash48.0 30.4 17.6 
Total Cash, Cash Equivalents and Restricted Cash$451.4 $30.5 $20.1 
Significant Customers
Significant Customers of AEP Texas:  
Reliant Energy, Direct Energy and TXU Energy (a) 2022 2021 2020
Percentage of Total Revenues 45 % 43 % 46 %
Percentage of Accounts Receivable – Customers 42 % 41 % 40 %

(a)In January 2021, NRG Energy, parent company of Reliant Energy, completed a deal to purchase Direct Energy from Centrica.
Significant Customers of AEPTCo:
AEP Subsidiaries2022 20212020
Percentage of Total Revenues79 %79 %78 %
Percentage of Total Accounts Receivable72 %81 %78 %
Target Asset Allocations
Pension Plan AssetsTarget
Equity30 %
Fixed Income54 %
Other Investments15 %
Cash and Cash Equivalents1 %
OPEB Plans AssetsTarget
Equity59 %
Fixed Income40 %
Cash and Cash Equivalents1 %
Basic and Diluted EPS Calculations
Years Ended December 31,
202220212020
(in millions, except per-share data)
$/share$/share$/share
Earnings Attributable to AEP Common Shareholders
$2,307.2 $2,488.1 $2,200.1 
Weighted-Average Number of Basic AEP Common Shares Outstanding511.8 $4.51 500.5 $4.97 495.7 $4.44 
Weighted-Average Dilutive Effect of Stock-Based Awards1.7 (0.02)1.3 (0.01)1.5 (0.02)
Weighted-Average Number of Diluted AEP Common Shares Outstanding513.5 $4.49 501.8 $4.96 497.2 $4.42 
Supplementary Information
2022
Depreciation and AmortizationAEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Depreciation and Amortization of Property, Plant and Equipment
$3,072.8 $363.5 $346.2 $576.1 $511.9 $293.1 $226.2 $319.3 
Amortization of Certain Securitized Assets
93.3 93.3 — — — — — — 
Amortization of Regulatory Assets and Liabilities
36.7 (4.4)— (0.2)15.3 1.2 3.9 5.5 
Total Depreciation and Amortization
$3,202.8 $452.4 $346.2 $575.9 $527.2 $294.3 $230.1 $324.8 

2021
Depreciation and AmortizationAEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Depreciation and Amortization of Property, Plant and Equipment
$2,717.1 $327.2 $297.3 $547.0 $424.9 $301.1 $185.9 $292.9 
Amortization of Certain Securitized Assets
64.2 64.2 — — — — — — 
Amortization of Regulatory Assets and Liabilities
44.4 (4.4)— (0.8)21.1 2.2 10.7 2.1 
Total Depreciation and Amortization
$2,825.7 $387.0 $297.3 $546.2 $446.0 $303.3 $196.6 $295.0 

2020
Depreciation and AmortizationAEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Depreciation and Amortization of Property, Plant and Equipment
$2,487.5 $364.2 $249.0 $507.8 $393.3 $275.0 $171.9 $271.2 
Amortization of Certain Securitized Assets
171.3 171.3 — — — — — — 
Amortization of Regulatory Assets and Liabilities
24.0 (5.7)— (0.3)18.3 1.6 1.6 1.5 
Total Depreciation and Amortization
$2,682.8 $529.8 $249.0 $507.5 $411.6 $276.6 $173.5 $272.7 
Years Ended December 31,
Cash Flow Information202220212020
(in millions)
Cash Paid (Received) for:
Interest, Net of Capitalized Amounts$1,286.3 $1,137.2 $1,029.1 
Income Taxes116.8 13.2 (49.1)
Noncash Investing and Financing Activities:
Acquisitions Under Finance Leases31.8 287.6 44.2 
Construction Expenditures Included in Current Liabilities as of December 31,
1,258.9 1,180.4 975.4 
Construction Expenditures Included in Noncurrent Liabilities as of December 31,
— — 5.5 
Acquisition of Nuclear Fuel Included in Current Liabilities as of December 31,
— — 33.4 
Noncash Contribution of Assets to Cedar Creek Project— (9.3)— 
Noncontrolling Interest Assumed - Dry Lake Solar Project— 35.3 — 
Forward Equity Purchase Contracts Included in Current and Noncurrent Liabilities as of December 31,— — 110.6