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Revenue from Contracts with Customers (Tables)
 12 Months Ended
Dec. 31, 2023
Disaggregated Revenues from Contracts with Customers
Year Ended December 31, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$4,479.3 $2,609.1 $— $— $— $— $7,088.4 
Commercial Revenues2,678.8 1,497.2 — — — — 4,176.0 
Industrial Revenues (a)2,748.2 642.1 — — — (0.9)3,389.4 
Other Retail Revenues242.7 50.7 — — — — 293.4 
Total Retail Revenues10,149.0 4,799.1 — — — (0.9)14,947.2 
Wholesale and Competitive Retail Revenues:
Generation Revenues 662.5 — — 111.3 — — 773.8 
Transmission Revenues (b)444.0 701.6 1,748.9 — — (1,418.3)1,476.2 
Renewable Generation Revenues (a)— — — 80.6 — (6.7)73.9 
Retail, Trading and Marketing Revenues (c)— — — 1,836.2 0.6 (82.2)1,754.6 
Total Wholesale and Competitive Retail Revenues
1,106.5 701.6 1,748.9 2,028.1 0.6 (1,507.2)4,078.5 
Other Revenues from Contracts with Customers (d)204.4 208.1 16.8 8.6 151.5 (160.3)429.1 
Total Revenues from Contracts with Customers
11,459.9 5,708.8 1,765.7 2,036.7 152.1 (1,668.4)19,454.8 
Other Revenues:
Alternative Revenue Programs (e)(35.0)(19.5)(37.1)— — (25.5)(117.1)
Other Revenues (a) (f)24.6 24.0 (0.1)(404.5)15.9 (15.3)(355.4)
Total Other Revenues(10.4)4.5 (37.2)(404.5)15.9 (40.8)(472.5)
Total Revenues$11,449.5 $5,713.3 $1,728.5 $1,632.2 $168.0 $(1,709.2)$18,982.3 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1.5 billion and Vertically Integrated Utilities was $205 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $82 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $100 million. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(f)Generation & Marketing includes economic hedge activity.
Year Ended December 31, 2022
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$4,498.6 $2,497.3 $— $— $— $— $6,995.9 
Commercial Revenues2,576.5 1,365.2 — — — — 3,941.7 
Industrial Revenues (a)2,543.8 711.3 — — — (0.9)3,254.2 
Other Retail Revenues212.2 49.1 — — — — 261.3 
Total Retail Revenues9,831.1 4,622.9 — — — (0.9)14,453.1 
Wholesale and Competitive Retail Revenues:
Generation Revenues 958.3 — — 271.2 — — 1,229.5 
Transmission Revenues (b)442.8 650.0 1,700.6 — — (1,413.2)1,380.2 
Renewable Generation Revenues (a)— — — 129.1 — (8.0)121.1 
Retail, Trading and Marketing Revenues (a)— — — 1,713.2 6.9 (10.1)1,710.0 
Total Wholesale and Competitive Retail Revenues
1,401.1 650.0 1,700.6 2,113.5 6.9 (1,431.3)4,440.8 
Other Revenues from Contracts with Customers (c)241.1 247.3 8.2 12.1 93.9 (104.8)497.8 
Total Revenues from Contracts with Customers
11,473.3 5,520.2 1,708.8 2,125.6 100.8 (1,537.0)19,391.7 
Other Revenues:
Alternative Revenue Programs (d)3.8 (26.8)(31.8)— — (57.7)(112.5)
Other Revenues (a) (e)0.4 18.6 — 341.3 9.1 (9.1)360.3 
Total Other Revenues4.2 (8.2)(31.8)341.3 9.1 (66.8)247.8 
Total Revenues$11,477.5 $5,512.0 $1,677.0 $2,466.9 $109.9 $(1,603.8)$19,639.5 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1.3 billion. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $59 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Year Ended December 31, 2021
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$3,952.6 $2,138.2 $— $— $— $— $6,090.8 
Commercial Revenues2,208.5 1,081.2 — — — — 3,289.7 
Industrial Revenues2,168.2 395.2 — — — (0.8)2,562.6 
Other Retail Revenues170.6 43.9 — — — — 214.5 
Total Retail Revenues8,499.9 3,658.5 — — — (0.8)12,157.6 
Wholesale and Competitive Retail Revenues:
Generation Revenues942.6 — — 137.9 — — 1,080.5 
Transmission Revenues (a)355.5 572.4 1,456.4 — — (1,206.0)1,178.3 
Renewable Generation Revenues (b)— — — 86.9 — (3.6)83.3 
Retail, Trading and Marketing Revenues (c)— — — 1,722.6 1.4 (51.6)1,672.4 
Total Wholesale and Competitive Retail Revenues
1,298.1 572.4 1,456.4 1,947.4 1.4 (1,261.2)4,014.5 
Other Revenues from Contracts with Customers (b)187.5 194.2 17.1 7.2 60.1 (115.2)350.9 
Total Revenues from Contracts with Customers
9,985.5 4,425.1 1,473.5 1,954.6 61.5 (1,377.2)16,523.0 
Other Revenues:
Alternative Revenue Programs (d)13.5 48.8 52.7 — — (73.6)41.4 
Other Revenues (b) (e)(0.5)19.0 — 209.1 10.7 (10.7)227.6 
Total Other Revenues13.0 67.8 52.7 209.1 10.7 (84.3)269.0 
Total Revenues$9,998.5 $4,492.9 $1,526.2 $2,163.7 $72.2 $(1,461.5)$16,792.0 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1.1 billion. 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 $52 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Year Ended December 31, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$655.5 $— $1,612.9 $841.9 $1,953.7 $831.2 $799.5 
Commercial Revenues415.2 — 699.6 575.2 1,082.0 538.8 609.4 
Industrial Revenues (a)145.0 — 778.4 614.2 497.1 423.1 415.9 
Other Retail Revenues35.5 — 106.3 5.0 15.1 112.8 10.1 
Total Retail Revenues1,251.2 — 3,197.2 2,036.3 3,547.9 1,905.9 1,834.9 
Wholesale Revenues:
Generation Revenues (b)— — 288.2 327.1 — 11.7 176.9 
Transmission Revenues (c)619.0 1,703.9 181.0 38.6 82.6 37.5 150.8 
Total Wholesale Revenues619.0 1,703.9 469.2 365.7 82.6 49.2 327.7 
Other Revenues from Contracts with Customers (d)35.9 16.7 74.2 120.3 172.3 21.5 29.5 
Total Revenues from Contracts with Customers1,906.1 1,720.6 3,740.6 2,522.3 3,802.8 1,976.6 2,192.1 
Other Revenues:
Alternative Revenue Programs (e)(4.2)(48.6)(20.1)(10.9)(15.3)0.5 (9.4)
Other Revenues (a)— — 0.2 24.5 23.9 (0.1)0.1 
Total Other Revenues(4.2)(48.6)(19.9)13.6 8.6 0.4 (9.3)
Total Revenues$1,901.9 $1,672.0 $3,720.7 $2,535.9 $3,811.4 $1,977.0 $2,182.8 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $159 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $1.4 billion, APCo was $93 million and SWEPCo was $73 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $68 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
Year Ended December 31, 2022
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$667.2 $— $1,558.7 $852.4 $1,830.2 $816.3 $820.7 
Commercial Revenues417.5 — 643.4 550.2 947.7 489.2 612.3 
Industrial Revenues (a)139.6 — 664.0 602.9 571.7 372.5 393.5 
Other Retail Revenues35.3 — 87.1 5.0 13.9 102.9 10.1 
Total Retail Revenues1,259.6 — 2,953.2 2,010.5 3,363.5 1,780.9 1,836.6 
Wholesale Revenues:
Generation Revenues (b)— — 299.9 490.0 — 26.5 273.2 
Transmission Revenues (c)563.8 1,643.5 167.0 36.8 86.2 39.2 148.7 
Total Wholesale Revenues563.8 1,643.5 466.9 526.8 86.2 65.7 421.9 
Other Revenues from Contracts with Customers (d)24.6 8.2 100.6 122.4 222.4 29.1 24.7 
Total Revenues from Contracts with Customers
1,848.0 1,651.7 3,520.7 2,659.7 3,672.1 1,875.7 2,283.2 
Other Revenues:
Alternative Revenue Programs (e)(1.2)(27.2)(1.3)10.0 (25.6)(1.0)1.2 
Other Revenues (a)— — 0.5 (0.1)18.6 — — 
Total Other Revenues(1.2)(27.2)(0.8)9.9 (7.0)(1.0)1.2 
Total Revenues$1,846.8 $1,624.5 $3,519.9 $2,669.6 $3,665.1 $1,874.7 $2,284.4 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $170 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $1.3 billion, APCo was $78 million and SWEPCo was $51 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $62 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
Year Ended December 31, 2021
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$550.3 $— $1,379.6 $805.4 $1,587.9 $651.9 $709.5 
Commercial Revenues358.5 — 556.3 507.2 722.7 378.9 529.3 
Industrial Revenues108.9 — 584.3 557.0 286.3 274.1 344.4 
Other Retail Revenues31.3 — 70.8 5.2 12.6 77.7 10.0 
Total Retail Revenues1,049.0 — 2,591.0 1,874.8 2,609.5 1,382.6 1,593.2 
Wholesale Revenues:
Generation Revenues (a)— — 302.7 318.1 — 22.9 386.6 
Transmission Revenues (b)497.5 1,393.9 128.8 33.7 74.9 37.5 122.7 
Total Wholesale Revenues497.5 1,393.9 431.5 351.8 74.9 60.4 509.3 
Other Revenues from Contracts with Customers (c)41.2 17.0 70.4 104.1 153.1 31.3 23.5 
Total Revenues from Contracts with Customers1,587.7 1,410.9 3,092.9 2,330.7 2,837.5 1,474.3 2,126.0 
Other Revenues:
Alternative Revenue Programs (d)6.1 58.4 12.3 (4.0)42.6 0.1 5.8 
Other Revenues (e)— — — — 19.0 — — 
Total Other Revenues6.1 58.4 12.3 (4.0)61.6 0.1 5.8 
Total Revenues$1,593.8 $1,469.3 $3,105.2 $2,326.7 $2,899.1 $1,474.4 $2,131.8 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $129 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 $1.1 billion. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $60 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations
Company20242025-20262027-2028After 2028Total
(in millions)
AEP$84.4 $167.2 $84.4 $27.3 $363.3 
APCo16.1 32.2 23.2 11.7 83.2 
I&M4.4 8.8 8.8 4.5 26.5 
Affiliated Accounts Receivable Contracts with Customers
Years Ended December 31,AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
2023$— $123.2 $71.7 $44.0 $70.1 $12.4 $27.4 
20220.1113.864.575.349.918.819.1