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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Revenue from Contracts with Customers $ 4,690.9 $ 4,592.6
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 4,690.9 4,592.6
Expenses    
Other Operation 680.0 662.2
Maintenance 317.3 285.0
Depreciation and Amortization 775.5 792.4
Taxes Other Than Income Taxes 394.9 364.2
TOTAL EXPENSES 3,986.1 3,604.5
OPERATING INCOME (LOSS) 704.8 988.1
Other Income (Expense):    
Other Income 14.7 2.3
Allowance for Equity Funds Used During Construction 31.3 31.0
Non-Service Cost Components of Net Periodic Benefit Cost 55.5 47.2
Interest Expense (415.7) (313.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 390.6 755.2
Income Tax Expense (Benefit) 10.4 52.8
Equity Earnings (Loss) of Unconsolidated Subsidiaries 20.2 15.7
Net Income (Loss) 400.4 718.1
Net Income (Loss) Attributable to Noncontrolling Interests 3.4 3.4
Earnings Attributable to Common Shareholders $ 397.0 $ 714.7
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 514,176,648 506,050,147
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 0.77 $ 1.41
Weighted Average Number of Diluted AEP Common Shares Outstanding 515,598,090 507,658,522
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 0.77 $ 1.41
Common Stock, Dividends Per Share, Declared $ 0.83 $ 0.78
Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers $ 2,816.3 $ 2,646.8
Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,455.3 1,242.2
Generation and Marketing [Member]    
Revenues    
Revenue from Contracts with Customers 326.9 609.5
Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 92.4 94.1
TOTAL REVENUES (129.9) [1] 165.4 [2],[3]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 1,706.4 1,500.7
AEP Texas Inc. [Member]    
Revenues    
Sales to AEP Affiliates 1.2 0.9
TOTAL REVENUES 429.5 416.7
Expenses    
Other Operation 146.9 125.8
Maintenance 24.4 22.6
Depreciation and Amortization 111.0 108.8
Taxes Other Than Income Taxes 43.5 37.3
TOTAL EXPENSES 325.8 294.5
OPERATING INCOME (LOSS) 103.7 122.2
Other Income (Expense):    
Interest Income 0.4 0.1
Allowance for Equity Funds Used During Construction 6.3 4.3
Non-Service Cost Components of Net Periodic Benefit Cost 4.8 4.2
Interest Expense (56.9) (45.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 58.3 85.3
Income Tax Expense (Benefit) 10.7 15.7
Net Income (Loss) 47.6 69.6
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 427.7 414.7
AEP Texas Inc. [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.6 1.1
TOTAL REVENUES 0.0 [4] 0.0 [5]
AEP Transmission Co [Member]    
Revenues    
Sales to AEP Affiliates 357.4 325.0
Provision for Refund Affiliated (4.8) (0.3)
Provision for Refund-Nonaffiliated (1.0) (11.3)
TOTAL REVENUES 441.6 400.4
Expenses    
Other Operation 29.0 25.5
Maintenance 4.9 3.3
Depreciation and Amortization 95.2 83.1
Taxes Other Than Income Taxes 74.8 65.6
TOTAL EXPENSES 203.9 177.5
OPERATING INCOME (LOSS) 237.7 222.9
Other Income (Expense):    
Interest Income 1.5 0.1
Allowance for Equity Funds Used During Construction 16.4 15.6
Interest Expense (45.2) (37.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 210.4 200.9
Income Tax Expense (Benefit) 47.7 45.5
Net Income (Loss) 162.7 155.4
Earnings Per Share    
Revenues from Related Parties, Net of Provisions for Refund 352.6 324.7
AEP Transmission Co [Member] | AEPTCo Parent [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 0.0 0.0
Other Income (Expense):    
Net Income (Loss) [6] 1.1 0.0
AEP Transmission Co [Member] | State Transcos [Member]    
Revenues    
Sales to AEP Affiliates 352.6 324.7
TOTAL REVENUES 441.6 400.4
Other Income (Expense):    
Net Income (Loss) 161.6 155.4
AEP Transmission Co [Member] | Transmission [Member]    
Revenues    
Revenue from Contracts with Customers 90.0 87.0
Earnings Per Share    
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 89.0 75.7
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]    
Revenues    
Revenue from Contracts with Customers 89.0 75.7
AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
TOTAL REVENUES 0.0 [4] 0.0 [5]
Appalachian Power Co [Member]    
Revenues    
Sales to AEP Affiliates 69.6 56.9
TOTAL REVENUES 987.7 907.3
Expenses    
Other Operation 191.8 184.9
Maintenance 73.1 74.1
Depreciation and Amortization 143.0 145.2
Taxes Other Than Income Taxes 41.8 40.2
TOTAL EXPENSES 789.4 714.9
OPERATING INCOME (LOSS) 198.3 192.4
Other Income (Expense):    
Interest Income 0.6 0.1
Allowance for Equity Funds Used During Construction 2.4 2.0
Non-Service Cost Components of Net Periodic Benefit Cost 8.1 7.3
Interest Expense (65.3) (54.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 144.1 147.5
Income Tax Expense (Benefit) 31.6 27.3
Net Income (Loss) 112.5 120.2
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 914.5 847.1
Appalachian Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 3.6 3.3
TOTAL REVENUES 0.0 [4] 0.1 [5]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 339.7 270.5
Indiana Michigan Power Co [Member]    
Revenues    
Sales to AEP Affiliates 1.2 2.0
Other Revenues - Affiliated 15.9 8.4
TOTAL REVENUES 663.0 625.2
Expenses    
Purchased Electricity from AEP Affiliates 45.1 57.1
Other Operation 169.7 139.3
Maintenance 58.6 51.0
Depreciation and Amortization 125.2 134.9
Taxes Other Than Income Taxes 19.5 25.2
TOTAL EXPENSES 517.3 513.2
OPERATING INCOME (LOSS) 145.7 112.0
Other Income (Expense):    
Other Income 0.6 2.6
Allowance for Equity Funds Used During Construction 0.5 2.9
Non-Service Cost Components of Net Periodic Benefit Cost 8.0 6.3
Interest Expense (33.2) (30.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 121.1 90.6
Income Tax Expense (Benefit) 18.3 1.1
Net Income (Loss) 102.8 89.5
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 642.8 612.0
Indiana Michigan Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 3.1 2.8
Sales to AEP Affiliates   10.0
TOTAL REVENUES 0.0 [4] (0.1) [5]
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 99.2 105.7
Ohio Power Co [Member]    
Revenues    
Sales to AEP Affiliates 7.6 3.7
TOTAL REVENUES 1,034.6 830.0
Expenses    
Purchased Electricity from AEP Affiliates 0.0 6.3
Other Operation 273.8 237.6
Maintenance 44.3 40.4
Depreciation and Amortization 75.2 74.9
Taxes Other Than Income Taxes 135.3 127.0
TOTAL EXPENSES 921.2 712.5
OPERATING INCOME (LOSS) 113.4 117.5
Other Income (Expense):    
Interest Income 0.1 0.1
Carrying Costs Income 0.0 0.1
Allowance for Equity Funds Used During Construction 2.8 3.0
Non-Service Cost Components of Net Periodic Benefit Cost 6.5 5.5
Interest Expense (31.1) (29.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 91.7 97.0
Income Tax Expense (Benefit) 13.7 13.8
Net Income (Loss) 78.0 83.2
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,021.8 824.2
Ohio Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 5.2 2.1
TOTAL REVENUES 11.1 [4] 6.3 [5]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 392.6 226.3
Public Service Co Of Oklahoma [Member]    
Revenues    
Sales to AEP Affiliates 0.7 0.6
TOTAL REVENUES 417.0 387.6
Expenses    
Other Operation 92.1 88.8
Maintenance 28.8 25.4
Depreciation and Amortization 61.1 52.7
Taxes Other Than Income Taxes 17.3 14.2
TOTAL EXPENSES 399.4 369.8
OPERATING INCOME (LOSS) 17.6 17.8
Other Income (Expense):    
Interest Income 1.0 1.7
Allowance for Equity Funds Used During Construction 1.5 1.1
Non-Service Cost Components of Net Periodic Benefit Cost 3.6 3.1
Interest Expense (25.2) (18.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS (1.5) 4.8
Income Tax Expense (Benefit) 0.8 (1.0)
Net Income (Loss) (2.3) 5.8
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 414.8 386.4
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 1.5 0.6
TOTAL REVENUES 0.0 [4] 0.0 [5]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 200.1 188.7
Southwestern Electric Power Co [Member]    
Revenues    
Sales to AEP Affiliates 11.7 10.0
TOTAL REVENUES 515.9 494.8
Expenses    
Other Operation 99.2 91.5
Maintenance 37.7 30.1
Depreciation and Amortization 80.4 77.8
Taxes Other Than Income Taxes 36.1 29.8
TOTAL EXPENSES 462.7 427.4
OPERATING INCOME (LOSS) 53.2 67.4
Other Income (Expense):    
Interest Income 5.4 3.6
Allowance for Equity Funds Used During Construction 0.5 1.6
Non-Service Cost Components of Net Periodic Benefit Cost 3.4 3.1
Interest Expense (25.0) (33.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 37.5 42.6
Income Tax Expense (Benefit) (4.0) (2.2)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.3 0.3
Net Income (Loss) 41.8 45.1
Net Income (Loss) Attributable to Noncontrolling Interests 1.2 1.0
Earnings Attributable to Common Shareholders 40.6 44.1
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 503.7 484.2
Southwestern Electric Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.5 0.6
TOTAL REVENUES 0.0 [4] 0.0 [5]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 209.3 198.2
Reconciling Adjustments [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
Sales to AEP Affiliates (443.7) (392.2)
TOTAL REVENUES (443.7) (392.2)
Other Income (Expense):    
Net Income (Loss) 0.0 0.0
Reconciling Adjustments [Member] | Other Revenues [Member]    
Revenues    
TOTAL REVENUES (0.9) [1] (2.9) [2],[3]
Reconciling Adjustments [Member] | AEP Transmission Co [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 0.0 0.0
Other Income (Expense):    
Net Income (Loss) 0.0 0.0
Competitive Contracted Renewable Portfolio    
Expenses    
Asset Impairments and Other Related Charges $ 112.0 $ 0.0
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Amounts include affiliated and nonaffiliated revenues
[3] Generation & Marketing includes economic hedge activity.
[4] Amounts include affiliated and nonaffiliated revenues.
[5] Amounts include affiliated and nonaffiliated revenues.
[6] Includes the elimination of AEPTCo Parent’s equity earnings in the State Transcos.