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Consolidated Statements of Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Revenue from Contract with Customers $ 18,982.3 $ 19,639.5 $ 16,792.0
TOTAL REVENUES 18,982.3 19,639.5 16,792.0
Expenses      
Other Operation 2,810.5 2,878.1 2,547.7
Maintenance 1,276.3 1,249.4 1,121.8
Asset Impairments and Other Related Charges 85.6 48.8 11.6
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset 0.0 (37.0) 0.0
Gain (Loss) on Disposition Assets   (116.3)  
Depreciation and Amortization 3,090.4 3,202.8 2,825.7
Taxes Other Than Income Taxes 1,492.3 1,469.8 1,407.6
TOTAL EXPENSES 15,426.1 16,156.8 13,380.7
OPERATING INCOME (LOSS) 3,556.2 3,482.7 3,411.3
Other Income (Expense):      
Other Income 63.4 11.6 41.4
Allowance for Equity Funds Used During Construction 174.9 133.7 139.7
Non-Service Cost Components of Net Periodic Benefit Cost 221.1 188.5 118.6
Interest Expense (1,806.9) (1,396.1) (1,199.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 2,208.7 2,420.4 2,511.9
Income Tax Expense (Benefit) 54.6 5.4 115.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 58.5 (109.4) 91.7
Net Income (Loss) 2,212.6 2,305.6 2,488.1
Net Income Attributable to Noncontrolling Interests 4.5 (1.6) 0.0
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 2,208.1 $ 2,307.2 $ 2,488.1
Earnings Per Share      
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING 518,903,682 511,841,946 500,522,177
Total Basic Earnings (Loss) per Share Attributable to AEP Common Shareholders $ 4.26 $ 4.51 $ 4.97
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING 520,206,258 513,484,609 501,784,032
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS $ 4.24 $ 4.49 $ 4.96
Competitive Contracted Renewable Portfolio      
Expenses      
Gain (Loss) on Disposition Assets $ 92.7 $ 0.0 $ 0.0
Kentucky Operations [Member]      
Expenses      
Asset Impairments and Other Related Charges 0.0 363.3 0.0
Mineral Rights      
Expenses      
Gain (Loss) on Disposition Assets 0.0 (116.3) 0.0
Related Party      
Revenues      
Revenue from Contract with Customers 0.0 0.0 0.0
Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contract with Customers 11,303.7 11,292.8 9,852.2
Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contract with Customers 5,677.2 5,489.6 4,464.1
Generation and Marketing Revenues [Member]      
Revenues      
Revenue from Contract with Customers 1,543.3 2,448.9 2,108.3
Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 458.1 408.2 367.4
TOTAL REVENUES (355.4) [1],[2] 360.3 [3],[4] 227.6 [5],[6]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 6,578.3 7,097.9 5,466.3
AEP Texas Inc. [Member]      
Revenues      
Revenue from Contract with Customers 1,906.1 1,848.0 1,587.7
TOTAL REVENUES 1,901.9 1,846.8 1,593.8
Expenses      
Other Operation 541.6 594.2 489.5
Maintenance 91.9 93.5 86.2
Depreciation and Amortization 468.5 452.4 387.0
Taxes Other Than Income Taxes 160.8 157.5 155.1
TOTAL EXPENSES 1,262.8 1,297.6 1,117.8
OPERATING INCOME (LOSS) 639.1 549.2 476.0
Other Income (Expense):      
Interest Income 2.3 3.6 0.8
Allowance for Equity Funds Used During Construction 28.4 19.7 21.5
Non-Service Cost Components of Net Periodic Benefit Cost 19.2 16.7 11.1
Interest Expense (232.7) (208.7) (176.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 456.3 380.5 332.9
Income Tax Expense (Benefit) 85.9 72.6 43.1
Net Income (Loss) 370.4 307.9 289.8
AEP Texas Inc. [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 4.9 3.5 3.9
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contract with Customers 1,892.0 1,839.7 1,586.4
AEP Texas Inc. [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 5.0 3.6 3.5
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
AEP Transmission Co [Member]      
Revenues      
Revenue from Contract with Customers 1,720.6 1,651.7 1,410.9
TOTAL REVENUES 1,672.0 1,624.5 1,469.3
Expenses      
Other Operation 109.0 136.3 105.5
Maintenance 20.4 17.2 18.4
Depreciation and Amortization 393.8 346.2 297.3
Taxes Other Than Income Taxes 283.2 271.1 238.8
TOTAL EXPENSES 806.4 770.8 660.0
OPERATING INCOME (LOSS) 865.6 853.7 809.3
Other Income (Expense):      
Interest Income 7.0 1.6 0.5
Allowance for Equity Funds Used During Construction 83.2 70.7 67.2
Interest Expense (194.5) (162.7) (141.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 761.3 763.3 735.8
Income Tax Expense (Benefit) 147.1 169.1 144.1
Net Income (Loss) 614.2 594.2 591.7
Earnings Per Share      
Provision for Refund-Affiliated (145.6) (70.7) (17.6)
Provision for Refund-Nonaffiliated (9.1) (14.2) (2.4)
AEP Transmission Co [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 1,463.4 1,354.5 1,171.5
AEP Transmission Co [Member] | Transmission [Member]      
Revenues      
Revenue from Contract with Customers 363.3 354.9 317.8
AEP Transmission Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers   (0.2) 0.3
TOTAL REVENUES 0.0 [7] 0.0 [8] 0.0 [9]
Appalachian Power Co [Member]      
Revenues      
Revenue from Contract with Customers 3,740.6 3,520.7 3,092.9
TOTAL REVENUES 3,720.7 3,519.9 3,105.2
Expenses      
Other Operation 748.4 724.1 610.0
Maintenance 271.7 297.8 265.5
Asset Impairments and Other Related Charges 0.0 24.9 0.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset 0.0 (37.0) 0.0
Depreciation and Amortization 571.9 575.9 546.2
Taxes Other Than Income Taxes 163.1 158.2 154.2
TOTAL EXPENSES 3,189.7 2,917.8 2,555.8
OPERATING INCOME (LOSS) 531.0 602.1 549.4
Other Income (Expense):      
Interest Income 2.8 3.5 1.0
Allowance for Equity Funds Used During Construction 11.9 11.7 15.6
Non-Service Cost Components of Net Periodic Benefit Cost 32.5 29.0 19.0
Interest Expense (269.6) (233.9) (214.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 308.6 412.4 371.0
Income Tax Expense (Benefit) 14.2 18.2 22.1
Net Income (Loss) 294.4 394.2 348.9
Appalachian Power Co [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 239.3 256.1 197.9
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contract with Customers 3,464.1 3,245.5 2,895.5
Appalachian Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 17.3 18.3 11.8
TOTAL REVENUES 0.2 [7] 0.5 [8] 0.0 [9]
Appalachian Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 1,434.6 1,173.9 979.9
Indiana Michigan Power Co [Member]      
Revenues      
Revenue from Contract with Customers 2,522.3 2,659.7 2,330.7
TOTAL REVENUES 2,535.9 2,669.6 2,326.7
Expenses      
Other Operation 662.8 621.0 645.2
Maintenance 238.7 227.2 210.0
Depreciation and Amortization 470.0 527.2 446.0
Taxes Other Than Income Taxes 84.2 97.0 110.8
TOTAL EXPENSES 2,048.2 2,249.7 1,968.8
OPERATING INCOME (LOSS) 487.7 419.9 357.9
Other Income (Expense):      
Other Income 12.5 9.3 11.7
Allowance for Equity Funds Used During Construction 10.9 9.8 12.8
Non-Service Cost Components of Net Periodic Benefit Cost 31.0 24.9 16.4
Interest Expense (136.7) (125.2) (116.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 394.5 328.9 269.2
Income Tax Expense (Benefit) 58.6 4.2 (10.6)
Net Income (Loss) 335.9 324.7 279.8
Indiana Michigan Power Co [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 9.3 17.8 3.8
Provision for Refund (10.5) (2.5) 0.0
Expenses      
Purchased Electricity from AEP Affiliates 181.2 241.8 217.9
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contract with Customers 2,465.8 2,588.3 2,261.2
Indiana Michigan Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 12.3 11.7 7.7
TOTAL REVENUES 24.5 [7] (0.1) [8] 0.0 [9]
Indiana Michigan Power Co [Member] | Other Revenues [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 59.0 54.3 54.0
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 411.3 535.5 338.9
Ohio Power Co [Member]      
Revenues      
Revenue from Contract with Customers 3,802.8 3,672.1 2,837.5
TOTAL REVENUES 3,811.4 3,665.1 2,899.1
Expenses      
Purchased Electricity from AEP Affiliates 86.8 9.8 51.9
Other Operation 1,091.7 982.0 836.8
Maintenance 211.5 185.5 158.2
Depreciation and Amortization 316.2 294.3 303.3
Taxes Other Than Income Taxes 507.3 502.4 485.7
TOTAL EXPENSES 3,341.5 3,251.4 2,513.9
OPERATING INCOME (LOSS) 469.9 413.7 385.2
Other Income (Expense):      
Other Income 0.4 1.3 1.8
Allowance for Equity Funds Used During Construction 17.1 13.9 10.8
Non-Service Cost Components of Net Periodic Benefit Cost 26.0 22.1 14.6
Interest Expense (130.9) (119.6) (124.4)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 382.5 331.4 288.0
Income Tax Expense (Benefit) 54.3 44.2 34.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.0 0.6 0.0
Net Income (Loss) 328.2 287.8 253.6
Ohio Power Co [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 31.1 18.8 24.8
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]      
Revenues      
Revenue from Contract with Customers 3,768.0 3,635.3 2,863.7
Ohio Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 12.3 11.0 10.6
TOTAL REVENUES 23.9 [7] 18.6 [8] 19.0 [9]
Ohio Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 1,128.0 1,277.4 678.0
Public Service Co Of Oklahoma [Member]      
Revenues      
Revenue from Contract with Customers 1,976.6 1,875.7 1,474.3
TOTAL REVENUES 1,977.0 1,874.7 1,474.4
Expenses      
Other Operation 355.8 400.4 353.8
Maintenance 112.0 114.4 97.2
Depreciation and Amortization 255.5 230.1 196.6
Taxes Other Than Income Taxes 64.1 57.5 49.6
TOTAL EXPENSES 1,742.7 1,693.9 1,281.5
OPERATING INCOME (LOSS) 234.3 180.8 192.9
Other Income (Expense):      
Interest Income 1.8 7.4 4.3
Allowance for Equity Funds Used During Construction 8.4 1.5 2.4
Non-Service Cost Components of Net Periodic Benefit Cost 14.3 12.5 8.5
Interest Expense (103.6) (83.8) (62.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 155.2 118.4 145.2
Income Tax Expense (Benefit) (53.6) (49.2) 4.1
Net Income (Loss) 208.8 167.6 141.1
Public Service Co Of Oklahoma [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 1.2 2.9 4.2
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contract with Customers 1,968.4 1,865.6 1,465.3
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 7.4 6.2 4.9
TOTAL REVENUES (0.1) [7] 0.0 [8] 0.0 [9]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation      
Expenses      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 955.3 891.5 584.3
Southwestern Electric Power Co [Member]      
Revenues      
Revenue from Contract with Customers 2,192.1 2,283.2 2,126.0
Provision for Refund (34.8) (5.6) (0.4)
TOTAL REVENUES 2,182.8 2,284.4 2,131.8
Expenses      
Other Operation 360.5 424.7 360.3
Maintenance 159.4 148.6 136.7
Asset Impairments and Other Related Charges 85.6 0.0 11.6
Depreciation and Amortization 342.8 324.8 295.0
Taxes Other Than Income Taxes 135.1 126.8 117.7
TOTAL EXPENSES 1,890.5 1,914.4 1,792.3
OPERATING INCOME (LOSS) 292.3 370.0 339.5
Other Income (Expense):      
Interest Income 18.9 17.7 9.2
Allowance for Equity Funds Used During Construction 11.5 4.9 7.0
Non-Service Cost Components of Net Periodic Benefit Cost 13.6 12.5 8.3
Interest Expense (147.2) (137.4) (125.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 189.1 267.7 238.1
Income Tax Expense (Benefit) (33.3) (25.2) (0.6)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 1.4 1.4 3.4
Net Income (Loss) 223.8 294.3 242.1
Net Income Attributable to Noncontrolling Interests 3.5 4.2 3.1
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS 220.3 290.1 239.0
Southwestern Electric Power Co [Member] | Related Party      
Revenues      
Revenue from Contract with Customers 81.6 59.5 41.4
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]      
Revenues      
Revenue from Contract with Customers 2,133.6 2,228.6 2,088.9
Southwestern Electric Power Co [Member] | Other Revenues [Member]      
Revenues      
Revenue from Contract with Customers 2.4 1.9 1.9
TOTAL REVENUES 0.1 [7] 0.0 [8] 0.0 [9]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]      
Expenses      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation $ 807.1 $ 889.5 $ 871.0
[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.