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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Revenue from Contracts with Customers $ 4,592.6 $ 4,281.1
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 4,592.6 4,281.1
Expenses    
Other Operation 662.2 592.4
Maintenance 285.0 274.9
Depreciation and Amortization 792.4 696.3
Taxes Other Than Income Taxes 364.2 346.5
TOTAL EXPENSES 3,604.5 3,470.8
OPERATING INCOME (LOSS) 988.1 810.3
Other Income (Expense):    
Other Income 2.3 21.7
Allowance for Equity Funds Used During Construction 31.0 33.4
Non-Service Cost Components of Net Periodic Benefit Cost 47.2 29.6
Interest Expense (313.4) (290.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 755.2 604.8
Income Tax Expense (Benefit) 52.8 54.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 15.7 28.5
Net Income (Loss) 718.1 578.8
Net Income (Loss) Attributable to Noncontrolling Interests 3.4 3.8
Earnings Attributable to Common Shareholders $ 714.7 $ 575.0
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 506,050,147 497,058,635
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.41 $ 1.16
Weighted Average Number of Diluted AEP Common Shares Outstanding 507,658,522 498,164,219
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.41 $ 1.15
Common Stock, Dividends Per Share, Declared $ 0.78 $ 0.74
Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers $ 2,646.8 $ 2,504.5
Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,242.2 1,082.3
Generation and Marketing [Member]    
Revenues    
Revenue from Contracts with Customers 609.5 601.7
Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 94.1 92.6
TOTAL REVENUES 165.4 [1] 4.8 [2]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 1,500.7 1,560.7
AEP Texas Inc. [Member]    
Revenues    
Sales to AEP Affiliates 0.9 1.0
TOTAL REVENUES 416.7 364.2
Expenses    
Other Operation 125.8 122.2
Maintenance 22.6 19.1
Depreciation and Amortization 108.8 97.5
Taxes Other Than Income Taxes 37.3 36.3
TOTAL EXPENSES 294.5 275.1
OPERATING INCOME (LOSS) 122.2 89.1
Other Income (Expense):    
Interest Income 0.1 0.2
Allowance for Equity Funds Used During Construction 4.3 4.1
Non-Service Cost Components of Net Periodic Benefit Cost 4.2 2.8
Interest Expense (45.5) (43.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 85.3 53.2
Income Tax Expense (Benefit) 15.7 7.1
Net Income (Loss) 69.6 46.1
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 414.7 361.7
AEP Texas Inc. [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 1.1 1.5
TOTAL REVENUES 0.0 [3] 0.0 [4]
AEP Transmission Co [Member]    
Revenues    
Sales to AEP Affiliates 324.7 285.6
TOTAL REVENUES 400.4 361.7
Expenses    
Other Operation 25.5 21.1
Maintenance 3.3 3.6
Depreciation and Amortization 83.1 70.6
Taxes Other Than Income Taxes 65.6 57.8
TOTAL EXPENSES 177.5 153.1
OPERATING INCOME (LOSS) 222.9 208.6
Other Income (Expense):    
Interest Income 0.1 0.1
Allowance for Equity Funds Used During Construction 15.6 16.7
Interest Expense (37.7) (34.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 200.9 191.3
Income Tax Expense (Benefit) 45.5 39.6
Net Income (Loss) 155.4 151.7
AEP Transmission Co [Member] | Transmission [Member]    
Revenues    
Revenue from Contracts with Customers 75.7 76.0
AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.1
TOTAL REVENUES 0.0 [3] 0.0 [4]
Appalachian Power Co [Member]    
Revenues    
Sales to AEP Affiliates 56.9 50.1
TOTAL REVENUES 907.3 817.0
Expenses    
Other Operation 184.9 150.4
Maintenance 74.1 65.2
Depreciation and Amortization 145.2 135.8
Taxes Other Than Income Taxes 40.2 37.7
TOTAL EXPENSES 714.9 643.1
OPERATING INCOME (LOSS) 192.4 173.9
Other Income (Expense):    
Interest Income 0.1 0.3
Allowance for Equity Funds Used During Construction 2.0 3.5
Non-Service Cost Components of Net Periodic Benefit Cost 7.3 4.7
Interest Expense (54.3) (54.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 147.5 127.5
Income Tax Expense (Benefit) 27.3 5.0
Net Income (Loss) 120.2 122.5
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 847.1 764.2
Appalachian Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 3.3 2.7
TOTAL REVENUES 0.1 [3] 0.2 [4]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 60.7 163.9
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 209.8 90.1
Indiana Michigan Power Co [Member]    
Revenues    
Sales to AEP Affiliates 2.0 0.8
Other Revenues - Affiliated 8.4 14.3
TOTAL REVENUES 625.2 564.5
Expenses    
Purchased Electricity from AEP Affiliates 57.1 51.6
Other Operation 139.3 154.6
Maintenance 51.0 49.0
Depreciation and Amortization 134.9 109.2
Taxes Other Than Income Taxes 25.2 26.2
TOTAL EXPENSES 513.2 474.2
OPERATING INCOME (LOSS) 112.0 90.3
Other Income (Expense):    
Other Income 2.6 3.0
Allowance for Equity Funds Used During Construction 2.9 3.5
Non-Service Cost Components of Net Periodic Benefit Cost 6.3 4.1
Interest Expense (30.3) (27.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 90.6 70.1
Income Tax Expense (Benefit) 1.1 (0.7)
Net Income (Loss) 89.5 70.8
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 612.0 547.7
Indiana Michigan Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.8 1.7
Sales to AEP Affiliates 10.0 16.0
TOTAL REVENUES (0.1) [3] 0.0 [4]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 50.0 36.3
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 55.7 47.3
Ohio Power Co [Member]    
Revenues    
Sales to AEP Affiliates 3.7 4.8
TOTAL REVENUES 830.0 723.9
Expenses    
Purchased Electricity from AEP Affiliates 6.3 30.1
Other Operation 237.6 184.6
Maintenance 40.4 38.7
Depreciation and Amortization 74.9 75.1
Taxes Other Than Income Taxes 127.0 121.3
TOTAL EXPENSES 712.5 625.1
OPERATING INCOME (LOSS) 117.5 98.8
Other Income (Expense):    
Interest Income 0.1 0.2
Carrying Costs Income 0.1 0.5
Allowance for Equity Funds Used During Construction 3.0 2.7
Non-Service Cost Components of Net Periodic Benefit Cost 5.5 3.7
Interest Expense (29.2) (31.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 97.0 74.3
Income Tax Expense (Benefit) 13.8 6.1
Net Income (Loss) 83.2 68.2
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 824.2 716.7
Ohio Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.1 2.4
TOTAL REVENUES 6.3 [3] 5.3 [4]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 226.3 175.3
Public Service Co Of Oklahoma [Member]    
Revenues    
Sales to AEP Affiliates 0.6 1.0
TOTAL REVENUES 387.6 296.1
Expenses    
Other Operation 88.8 79.1
Maintenance 25.4 24.4
Depreciation and Amortization 52.7 49.9
Taxes Other Than Income Taxes 14.2 12.5
TOTAL EXPENSES 369.8 286.8
OPERATING INCOME (LOSS) 17.8 9.3
Other Income (Expense):    
Interest Income 1.7 0.1
Allowance for Equity Funds Used During Construction 1.1 0.4
Non-Service Cost Components of Net Periodic Benefit Cost 3.1 2.1
Interest Expense (18.9) (14.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 4.8 (2.5)
Income Tax Expense (Benefit) (1.0) 0.2
Net Income (Loss) 5.8 (2.7)
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 386.4 293.6
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.6 1.5
TOTAL REVENUES 0.0 [3] 0.0 [4]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 188.7 120.9
Southwestern Electric Power Co [Member]    
Revenues    
Sales to AEP Affiliates 10.0 7.8
TOTAL REVENUES 494.8 616.1
Expenses    
Other Operation 91.5 90.3
Maintenance 30.1 34.0
Depreciation and Amortization 77.8 69.6
Taxes Other Than Income Taxes 29.8 30.0
TOTAL EXPENSES 427.4 523.7
OPERATING INCOME (LOSS) 67.4 92.4
Other Income (Expense):    
Interest Income 3.6 1.0
Allowance for Equity Funds Used During Construction 1.6 2.1
Non-Service Cost Components of Net Periodic Benefit Cost 3.1 2.1
Interest Expense (33.1) (29.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 42.6 68.3
Income Tax Expense (Benefit) (2.2) 5.6
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.3 0.7
Net Income (Loss) 45.1 63.4
Net Income (Loss) Attributable to Noncontrolling Interests 1.0 1.0
Earnings Attributable to Common Shareholders 44.1 62.4
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 484.2 607.7
Southwestern Electric Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.6 0.6
TOTAL REVENUES 0.0 [3] 0.0 [4]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold $ 198.2 $ 299.8
[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.