Comprehensive Income (Tables)

3 Months Ended

Mar. 31, 2023

Changes in Accumulated Other Comprehensive Income (Loss) by Component

AEP

	Cash Flow Hedges				Pension
Three Months Ended March 31, 2023	Commodity		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2022	$	223.5	$	0.3	$	(140.1)	$	83.7
Change in Fair Value Recognized in AOCI, Net of Tax	(195.3)		5.2		(12.9)		(203.0)
Amount of (Gain) Loss Reclassified from AOCI
Purchased Electricity for Resale (a)	47.0		—		—		47.0
Interest Expense (a)	—		0.7		—		0.7
Amortization of Prior Service Cost (Credit)	—		—		(5.3)		(5.3)
Amortization of Actuarial (Gains) Losses	—		—		1.2		1.2
Reclassifications from AOCI, before Income Tax (Expense) Benefit	47.0		0.7		(4.1)		43.6
Income Tax (Expense) Benefit	9.9		0.1		(0.9)		9.1
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit	37.1		0.6		(3.2)		34.5
Reclassifications of KPCo Pension and OPEB Regulatory Assets from AOCI, before Income Tax (Expense) Benefit	—		—		21.1		21.1
Income Tax (Expense) Benefit	—		—		4.4		4.4
Reclassifications of KPCo Pension and OPEB Regulatory Assets from AOCI, Net of Income Tax (Expense) Benefit	—		—		16.7		16.7
Net Current Period Other Comprehensive Income (Loss)	(158.2)		5.8		0.6		(151.8)
Balance in AOCI as of March 31, 2023	$	65.3	$	6.1	$	(139.5)	$	(68.1)

	Cash Flow Hedges				Pension
Three Months Ended March 31, 2022	Commodity		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2021	$	163.7	$	(21.3)	$	42.4	$	184.8
Change in Fair Value Recognized in AOCI, Net of Tax	278.2		6.8		—		285.0
Amount of (Gain) Loss Reclassified from AOCI
Generation & Marketing Revenues (a)	(0.1)		—		—		(0.1)
Purchased Electricity for Resale (a)	(47.9)		—		—		(47.9)
Interest Expense (a)	—		1.1		—		1.1
Amortization of Prior Service Cost (Credit)	—		—		(4.9)		(4.9)
Amortization of Actuarial (Gains) Losses	—		—		2.1		2.1
Reclassifications from AOCI, before Income Tax (Expense) Benefit	(48.0)		1.1		(2.8)		(49.7)
Income Tax (Expense) Benefit	(10.1)		0.2		(0.6)		(10.5)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit	(37.9)		0.9		(2.2)		(39.2)
Net Current Period Other Comprehensive Income (Loss)	240.3		7.7		(2.2)		245.8
Balance in AOCI as of March 31, 2022	$	404.0	$	(13.6)	$	40.2	$	430.6

AEP Texas

		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2023		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2022		$	(0.3)	$	(8.3)	$	(8.6)
Change in Fair Value Recognized in AOCI, Net of Tax		(0.2)		(0.5)		(0.7)
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		0.3		—		0.3
Amortization of Prior Service Cost (Credit)		—		(0.1)		(0.1)
Reclassifications from AOCI, before Income Tax (Expense) Benefit		0.3		(0.1)		0.2
Income Tax (Expense) Benefit		0.1		—		0.1
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		0.2		(0.1)		0.1
Net Current Period Other Comprehensive Income (Loss)		—		(0.6)		(0.6)
Balance in AOCI as of March 31, 2023		$	(0.3)	$	(8.9)	$	(9.2)

		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2022		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2021		$	(1.3)	$	(5.2)	$	(6.5)
Change in Fair Value Recognized in AOCI, Net of Tax		—		—		—
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		0.4		—		0.4
Reclassifications from AOCI, before Income Tax (Expense) Benefit		0.4		—		0.4
Income Tax (Expense) Benefit		0.1		—		0.1
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		0.3		—		0.3
Net Current Period Other Comprehensive Income (Loss)		0.3		—		0.3
Balance in AOCI as of March 31, 2022		$	(1.0)	$	(5.2)	$	(6.2)

APCo
		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2023		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2022		$	6.7	$	(11.5)	$	(4.8)
Change in Fair Value Recognized in AOCI, Net of Tax		—		(0.1)		(0.1)
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		(0.3)		—		(0.3)
Amortization of Prior Service Cost (Credit)		—		(1.2)		(1.2)
Amortization of Actuarial (Gains) Losses		—		0.3		0.3
Reclassifications from AOCI, before Income Tax (Expense) Benefit		(0.3)		(0.9)		(1.2)
Income Tax (Expense) Benefit		(0.1)		(0.2)		(0.3)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		(0.2)		(0.7)		(0.9)
Net Current Period Other Comprehensive Income (Loss)		(0.2)		(0.8)		(1.0)
Balance in AOCI as of March 31, 2023		$	6.5	$	(12.3)	$	(5.8)

		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2022		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2021		$	7.5	$	16.9	$	24.4
Change in Fair Value Recognized in AOCI, Net of Tax		—		—		—
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		(0.3)		—		(0.3)
Amortization of Prior Service Cost (Credit)		—		(1.4)		(1.4)
Reclassifications from AOCI, before Income Tax (Expense) Benefit		(0.3)		(1.4)		(1.7)
Income Tax (Expense) Benefit		(0.1)		(0.3)		(0.4)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		(0.2)		(1.1)		(1.3)
Net Current Period Other Comprehensive Income (Loss)		(0.2)		(1.1)		(1.3)
Balance in AOCI as of March 31, 2022		$	7.3	$	15.8	$	23.1

I&M
		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2023		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2022		$	(5.1)	$	4.8	$	(0.3)
Change in Fair Value Recognized in AOCI, Net of Tax		(1.1)		(1.7)		(2.8)
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		0.5		—		0.5
Amortization of Prior Service Cost (Credit)		—		(0.3)		(0.3)
Amortization of Actuarial (Gains) Losses		—		0.1		0.1
Reclassifications from AOCI, before Income Tax (Expense) Benefit		0.5		(0.2)		0.3
Income Tax (Expense) Benefit		0.1		—		0.1
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		0.4		(0.2)		0.2
Net Current Period Other Comprehensive Income (Loss)		(0.7)		(1.9)		(2.6)
Balance in AOCI as of March 31, 2023		$	(5.8)	$	2.9	$	(2.9)

		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2022		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2021		$	(6.7)	$	5.4	$	(1.3)
Change in Fair Value Recognized in AOCI, Net of Tax		—		—		—
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		0.5		—		0.5
Amortization of Prior Service Cost (Credit)		—		(0.2)		(0.2)
Amortization of Actuarial (Gains) Losses		—		0.1		0.1
Reclassifications from AOCI, before Income Tax (Expense) Benefit		0.5		(0.1)		0.4
Income Tax (Expense) Benefit		0.1		—		0.1
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		0.4		(0.1)		0.3
Net Current Period Other Comprehensive Income (Loss)		0.4		(0.1)		0.3
Balance in AOCI as of March 31, 2022		$	(6.3)	$	5.3	$	(1.0)

PSO
		Cash Flow Hedge –
Three Months Ended March 31, 2023		Interest Rate
	(in millions)
Balance in AOCI as of December 31, 2022		$	1.3
Change in Fair Value Recognized in AOCI, Net of Tax		(1.5)
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		—
Reclassifications from AOCI, before Income Tax (Expense) Benefit		—
Income Tax (Expense) Benefit		—
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		—
Net Current Period Other Comprehensive Income (Loss)		(1.5)
Balance in AOCI as of March 31, 2023		$	(0.2)

		Cash Flow Hedge –
Three Months Ended March 31, 2022		Interest Rate
	(in millions)
Balance in AOCI as of December 31, 2021		$	—
Change in Fair Value Recognized in AOCI, Net of Tax		—
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		—
Reclassifications from AOCI, before Income Tax (Expense) Benefit		—
Income Tax (Expense) Benefit		—
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		—
Net Current Period Other Comprehensive Income (Loss)		—
Balance in AOCI as of March 31, 2022		$	—

SWEPCo
		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2023		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2022		$	1.1	$	(5.3)	$	(4.2)
Change in Fair Value Recognized in AOCI, Net of Tax		0.5		—		0.5
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		(0.1)		—		(0.1)
Amortization of Prior Service Cost (Credit)		—		(0.5)		(0.5)
Amortization of Actuarial (Gains) Losses		—		0.1		0.1
Reclassifications from AOCI, before Income Tax (Expense) Benefit		(0.1)		(0.4)		(0.5)
Income Tax (Expense) Benefit		—		(0.1)		(0.1)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		(0.1)		(0.3)		(0.4)
Net Current Period Other Comprehensive Income (Loss)		0.4		(0.3)		0.1
Balance in AOCI as of March 31, 2023		$	1.5	$	(5.6)	$	(4.1)

		Cash Flow Hedge –		Pension
Three Months Ended March 31, 2022		Interest Rate		and OPEB		Total
	(in millions)
Balance in AOCI as of December 31, 2021		$	1.2	$	5.5	$	6.7
Change in Fair Value Recognized in AOCI, Net of Tax		—		—		—
Amount of (Gain) Loss Reclassified from AOCI
Interest Expense (a)		0.1		—		0.1
Amortization of Prior Service Cost (Credit)		—		(0.5)		(0.5)
Reclassifications from AOCI, before Income Tax (Expense) Benefit		0.1		(0.5)		(0.4)
Income Tax (Expense) Benefit		—		(0.1)		(0.1)
Reclassifications from AOCI, Net of Income Tax (Expense) Benefit		0.1		(0.4)		(0.3)
Net Current Period Other Comprehensive Income (Loss)		0.1		(0.4)		(0.3)
Balance in AOCI as of March 31, 2022		$	1.3	$	5.1	$	6.4

(a)Amounts reclassified to the referenced line item on the statements of income.