XML 158 R66.htm IDEA: XBRL DOCUMENT v3.20.4
Business Segments (Details) - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Reportable Segment Information      
Revenue from Contracts with Customers $ 14,918.5 $ 15,561.4 $ 16,195.7
Sales to AEP Affiliates 0.0 0.0 0.0
Total Revenues 14,918.5 15,561.4 16,195.7
Asset Impairments and Other Related Charges 0.0 156.4 70.6
Utilities Operating Expense, Depreciation and Amortization 2,682.8 2,514.5 2,286.6
Allowance for Equity Funds Used During Construction 148.1 168.4 132.5
Interest Expense 1,165.7 1,072.5 984.4
Income Tax Expense (Benefit) 40.5 (12.9) 115.3
Equity Earnings (Loss) of Unconsolidated Subsidiaries 91.1 72.1 73.1
Net Income (Loss) 2,196.7 1,919.8 1,931.3
Gross Property Additions 6,246.3 6,969.8 6,325.5
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 84,313.0 79,145.7  
Accumulated Depreciation and Amortization 20,411.4 19,007.6  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 63,901.6 60,138.1  
Total Assets 80,757.2 75,892.3 68,802.8
Investments in Equity Method Investees 1,406.3 1,356.6  
Affiliated Long Term Debt Current   0.0  
Long-term Debt Due Within One Year 2,086.1 1,598.7  
Long-term Debt - Affiliated 0.0 0.0  
Long-term Debt 28,986.4 25,126.8  
Total Long-term Debt Outstanding 31,072.5 26,725.5  
AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 1,232.7 1,042.1 832.0
Sales to AEP Affiliates 896.3 806.7 598.9
Total Revenues 1,145.7 1,021.4 776.1
Utilities Operating Expense, Depreciation and Amortization 249.0 176.0 133.9
Interest Income 2.4 3.0 2.5
Allowance for Equity Funds Used During Construction 74.0 84.3 70.6
Interest Expense 127.8 97.4 83.2
Income Tax Expense (Benefit) 106.7 117.4 84.1
Net Income (Loss) 423.4 439.7 315.9
Gross Property Additions 1,621.9 1,419.5 1,570.8
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 11,345.6 9,893.2  
Accumulated Depreciation and Amortization 572.8 402.3  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 10,772.8 9,490.9  
Notes Receivable, Related Parties 0.0 0.0  
Total Assets 11,246.0 9,890.8 8,394.1
Long-term Debt Due Within One Year 50.0 0.0  
Long-term Debt 3,898.5 3,427.3  
Total Long-term Debt Outstanding 3,948.5 3,427.3  
Vertically Integrated Utilities [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 8,753.2 9,245.7 9,556.7
Transmission and Distribution Utilities Revenues [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 4,238.7 4,319.0 4,552.3
Transmission [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 248.8 214.6 177.0
Generation and Marketing Revenues [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 1,621.0 1,721.8 1,818.1
Other Revenues [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 305.6 274.9 268.6
Total Revenues 61.5 [1] 61.7 [2] 25.0 [3]
Other Revenues [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 0.6 0.1 0.2
Total Revenues 0.0 [4] 0.0 [5] 0.0 [6]
Reconciling Adjustments [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 0.0 0.0 0.0
Sales to AEP Affiliates (1,328.0) (1,314.8) (942.4)
Total Revenues (1,328.0) (1,314.8) (942.4)
Asset Impairments and Other Related Charges   0.0 0.0
Utilities Operating Expense, Depreciation and Amortization 0.0 24.5 [7] 57.1 [7]
Interest Expense (42.1) (66.1) [7] (59.7) [7]
Income Tax Expense (Benefit) 0.0 0.0 0.0
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.0 0.0 0.0
Net Income (Loss) 0.0 0.0 0.0
Gross Property Additions (15.3) (20.4) (39.2)
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 0.0 (354.5) [7]  
Accumulated Depreciation and Amortization 0.0 (186.4) [7]  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 0.0 (168.1) [7]  
Total Assets [8] (3,961.7) (3,801.3) [7] (2,714.8) [7]
Investments in Equity Method Investees 0.0 0.0  
Affiliated Long Term Debt Current   (20.0)  
Long-term Debt Due Within One Year 0.0 0.0  
Long-term Debt - Affiliated (65.0) (39.0)  
Long-term Debt 0.0 0.0  
Total Long-term Debt Outstanding (65.0) (59.0)  
Reconciling Adjustments [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 0.0 0.0 0.0
Sales to AEP Affiliates 0.0 0.0 0.0
Total Revenues 0.0 0.0 0.0
Utilities Operating Expense, Depreciation and Amortization 0.0 0.0 0.0
Interest Income [9] (148.1) (122.1) (103.4)
Allowance for Equity Funds Used During Construction 0.0 0.0 0.0
Interest Expense [9] (148.1) (122.1) (103.4)
Income Tax Expense (Benefit) 0.0 0.0 0.0
Net Income (Loss) 0.0 0.0 0.0
Gross Property Additions 0.0 0.0 0.0
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 0.0 0.0  
Accumulated Depreciation and Amortization 0.0 0.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 0.0 0.0  
Notes Receivable, Related Parties [10] (3,948.5) (3,427.3)  
Total Assets [11] (4,023.1) (3,493.3) (2,869.8)
Total Long-term Debt Outstanding [10] (3,990.0) (3,465.0)  
Reconciling Adjustments [Member] | Other Revenues [Member]      
Reportable Segment Information      
Total Revenues (74.9) [1] (139.3) [2] (98.0) [3],[12]
Reconciling Adjustments [Member] | Other Revenues [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 0.0 0.0 0.0
Vertically Integrated Utilities [Member]      
Reportable Segment Information      
Sales to AEP Affiliates 126.2 121.4 88.8
Total Revenues 8,879.4 9,367.1 9,645.5
Asset Impairments and Other Related Charges   92.9 3.4
Utilities Operating Expense, Depreciation and Amortization 1,600.5 1,447.0 1,316.2
Interest Expense 565.0 568.3 567.8
Income Tax Expense (Benefit) (7.0) (97.7) 5.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 2.9 3.0 2.7
Net Income (Loss) 1,064.5 985.6 995.5
Gross Property Additions 2,291.2 2,437.4 2,282.2
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 49,023.3 47,323.7  
Accumulated Depreciation and Amortization 15,586.2 14,580.4  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 33,437.1 32,743.3  
Total Assets 42,752.7 41,228.8 38,874.3
Investments in Equity Method Investees 37.1 41.7  
Affiliated Long Term Debt Current   20.0  
Long-term Debt Due Within One Year 1,034.6 704.7  
Long-term Debt - Affiliated 65.0 39.0  
Long-term Debt 12,375.6 12,162.0  
Total Long-term Debt Outstanding 13,475.2 12,925.7  
Vertically Integrated Utilities [Member] | Vertically Integrated Utilities [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 8,753.2 9,245.7 9,556.7
Vertically Integrated Utilities [Member] | Other Revenues [Member]      
Reportable Segment Information      
Total Revenues 0.0 [1] 0.0 [2] (10.5) [3]
Transmission and Distribution Companies [Member]      
Reportable Segment Information      
Sales to AEP Affiliates 107.2 163.5 100.8
Total Revenues 4,345.9 4,482.5 4,653.1
Asset Impairments and Other Related Charges   32.5 0.0
Utilities Operating Expense, Depreciation and Amortization 751.1 789.5 734.1
Interest Expense 289.2 243.3 248.1
Income Tax Expense (Benefit) 29.7 (25.2) 42.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.0 0.0 0.0
Net Income (Loss) 496.4 451.0 527.4
Gross Property Additions 2,108.1 2,074.3 2,162.4
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 21,145.0 19,773.3  
Accumulated Depreciation and Amortization 3,879.3 3,911.2  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 17,265.7 15,862.1  
Total Assets 19,765.9 18,757.5 17,083.4
Investments in Equity Method Investees 2.1 2.5  
Affiliated Long Term Debt Current   0.0  
Long-term Debt Due Within One Year 588.8 392.2  
Long-term Debt - Affiliated 0.0 0.0  
Long-term Debt 6,661.9 6,248.1  
Total Long-term Debt Outstanding 7,250.7 6,640.3  
Transmission and Distribution Companies [Member] | Transmission and Distribution Utilities Revenues [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 4,238.7 4,319.0 4,552.3
Transmission and Distribution Companies [Member] | Other Revenues [Member]      
Reportable Segment Information      
Total Revenues 83.0 [1] 150.0 [2] 102.3 [3]
AEP Transmission Holdco      
Reportable Segment Information      
Sales to AEP Affiliates 901.4 813.0 555.5
Total Revenues 1,198.8 1,073.2 804.1
Asset Impairments and Other Related Charges   0.0 0.0
Utilities Operating Expense, Depreciation and Amortization 257.6 183.4 137.8
Interest Expense 133.2 103.3 90.7
Income Tax Expense (Benefit) 130.8 136.2 95.3
Equity Earnings (Loss) of Unconsolidated Subsidiaries 82.4 72.8 68.7
Net Income (Loss) 508.5 520.1 373.0
Gross Property Additions 1,649.3 1,458.9 1,614.1
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 11,827.2 10,334.0  
Accumulated Depreciation and Amortization 595.7 418.9  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 11,231.5 9,915.1  
Total Assets 12,627.3 11,143.5 9,543.7
Investments in Equity Method Investees 831.3 787.5  
Affiliated Long Term Debt Current   0.0  
Long-term Debt Due Within One Year 52.3 0.0  
Long-term Debt - Affiliated 0.0 0.0  
Long-term Debt 4,075.7 3,593.8  
Total Long-term Debt Outstanding 4,128.0 3,593.8  
AEP Transmission Holdco | Transmission [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 297.4 260.2 248.6
Generation and Marketing [Member]      
Reportable Segment Information      
Sales to AEP Affiliates 104.6 135.8 122.2
Total Revenues 1,725.6 1,857.6 1,940.3
Asset Impairments and Other Related Charges   31.0 47.7
Utilities Operating Expense, Depreciation and Amortization 72.8 69.5 41.0
Interest Expense 24.0 30.0 14.9
Income Tax Expense (Benefit) (108.0) (53.8) (49.2)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 3.2 (3.8) 0.5
Net Income (Loss) 216.9 104.1 134.7
Gross Property Additions 197.0 1,005.1 289.7
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 1,910.2 1,650.8  
Accumulated Depreciation and Amortization 166.1 99.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 1,744.1 1,551.8  
Total Assets 3,585.9 3,123.8 1,979.7
Investments in Equity Method Investees 467.0 459.5  
Affiliated Long Term Debt Current   0.0  
Long-term Debt Due Within One Year 0.0 0.0  
Long-term Debt - Affiliated 0.0 0.0  
Long-term Debt 0.0 0.0  
Total Long-term Debt Outstanding 0.0 0.0  
Generation and Marketing [Member] | Generation and Marketing Revenues [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 1,621.0 1,721.8 1,818.1
Generation and Marketing [Member] | Other Revenues [Member]      
Reportable Segment Information      
Total Revenues 43.6 [1] 59.9 [2] 22.3 [3]
All Other [Member]      
Reportable Segment Information      
Sales to AEP Affiliates [13] 88.6 81.1 75.1
Total Revenues [13] 96.8 95.8 95.1
Asset Impairments and Other Related Charges [13]   0.0 19.5
Utilities Operating Expense, Depreciation and Amortization [13] 0.8 0.6 0.4
Interest Expense [13] 196.4 193.7 122.6
Income Tax Expense (Benefit) [13] (5.0) 27.6 21.1
Equity Earnings (Loss) of Unconsolidated Subsidiaries [13] 2.6 0.1 1.2
Net Income (Loss) [13] (89.6) (141.0) (99.3)
Gross Property Additions [13] 16.0 14.5 16.3
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) [13] 407.3 418.4  
Accumulated Depreciation and Amortization [13] 184.1 184.5  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET [13] 223.2 233.9  
Total Assets [13],[14] 5,987.1 5,440.0 4,036.5
Investments in Equity Method Investees [13] 68.8 65.4  
Affiliated Long Term Debt Current [13]   0.0  
Long-term Debt Due Within One Year [13],[15] 410.4 501.8  
Long-term Debt - Affiliated [13] 0.0 0.0  
Long-term Debt [13] 5,873.2 [15] 3,122.9  
Total Long-term Debt Outstanding [13] 6,283.6 3,624.7 [15]  
All Other [Member] | Other Revenues [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers [13] 8.2 14.7 20.0
Total Revenues 9.8 [1] (8.9) [2] 8.9 [3]
State Transcos [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Sales to AEP Affiliates 896.3 806.7 598.9
Total Revenues 1,145.7 1,021.4 776.1
Utilities Operating Expense, Depreciation and Amortization 249.0 176.0 133.9
Interest Income 0.9 1.3 1.3
Allowance for Equity Funds Used During Construction 74.0 84.3 70.6
Interest Expense 127.8 97.4 83.2
Income Tax Expense (Benefit) 106.5 117.1 83.9
Net Income (Loss) 422.3 438.6 314.9
Gross Property Additions 1,621.9 1,419.5 1,570.8
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 11,345.6 9,893.2  
Accumulated Depreciation and Amortization 572.8 402.3  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 10,772.8 9,490.9  
Notes Receivable, Related Parties 0.0 0.0  
Total Assets 11,185.1 9,865.0 8,406.8
Total Long-term Debt Outstanding 3,990.0 3,465.0  
State Transcos [Member] | Transmission [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 248.8 214.6 177.0
State Transcos [Member] | Other Revenues [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 0.6 0.1 0.2
AEPTCo Parent [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Sales to AEP Affiliates 0.0 0.0 0.0
Total Revenues 0.0 0.0 0.0
Utilities Operating Expense, Depreciation and Amortization 0.0 0.0 0.0
Interest Income 149.6 123.8 104.6
Allowance for Equity Funds Used During Construction 0.0 0.0 0.0
Interest Expense 148.1 122.1 103.4
Income Tax Expense (Benefit) 0.2 0.3 0.2
Net Income (Loss) [16] 1.1 1.1 1.0
Gross Property Additions 0.0 0.0 0.0
Balance Sheet Information      
Property, Plant and Equipment, Gross, Period Increase (Decrease) 0.0 0.0  
Accumulated Depreciation and Amortization 0.0 0.0  
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET 0.0 0.0  
Notes Receivable, Related Parties 3,948.5 3,427.3  
Total Assets [17] 4,084.0 3,519.1 2,857.1
Total Long-term Debt Outstanding 3,948.5 3,427.3  
AEPTCo Parent [Member] | Transmission [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers 0.0 0.0 0.0
AEPTCo Parent [Member] | Other Revenues [Member] | AEP Transmission Co [Member]      
Reportable Segment Information      
Revenue from Contracts with Customers $ 0.0 $ 0.0 $ 0.0
[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] Includes eliminations due to an intercompany finance lease.
[8] Reconciling Adjustments for Total Assets primarily include elimination of intercompany advances to affiliates and intercompany accounts receivable.
[9] Elimination of intercompany interest income/interest expense on affiliated debt arrangement.
[10] Elimination of intercompany debt.
[11] Primarily relates to elimination of Notes Receivable from the State Transcos.
[12] 2018 amounts have been revised to reflect the reclassification of $98 million of affiliated revenues between Generation Revenues and Other Revenues. This reclassification did not impact previously reported Total Revenues. Management concluded that these prior period disclosure only errors were immaterial individually and in the aggregate.
[13] Corporate and Other primarily includes the purchasing of receivables from certain AEP utility subsidiaries. This segment also includes Parent’s guarantee revenue received from affiliates, investment income, interest income, interest expense and other nonallocated costs.
[14] Includes elimination of AEP Parent’s investments in wholly-owned subsidiary companies.
[15] Amounts reflect the impact of fair value hedge accounting. See “Accounting for Fair Value Hedging Strategies” section of Note 10 for additional information.
[16] Includes elimination of AEPTCo Parent’s equity earnings in the State Transcos.
[17] Includes elimination of AEPTCo Parent’s investments in the State Transcos.