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Revenue from Contracts with Customers (Tables)
 9 Months Ended
Sep. 30, 2023
Disaggregated Revenues from Contracts with Customers
Three Months Ended September 30, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,326.7 $772.5 $— $— $— $— $2,099.2 
Commercial Revenues753.3 387.7 — — — — 1,141.0 
Industrial Revenues699.9 138.9 — — — (0.3)838.5 
Other Retail Revenues66.6 13.0 — — — — 79.6 
Total Retail Revenues2,846.5 1,312.1 — — — (0.3)4,158.3 
Wholesale and Competitive Retail Revenues:
Generation Revenues 174.3 — — 31.8 — (0.3)205.8 
Transmission Revenues (a)120.6 176.0 466.1 — — (425.1)337.6 
Renewable Generation Revenues (b)— — — 19.8 — (2.5)17.3 
Retail, Trading and Marketing Revenues (c)— — — 510.8 0.8 (36.7)474.9 
Total Wholesale and Competitive Retail Revenues
294.9 176.0 466.1 562.4 0.8 (464.6)1,035.6 
Other Revenues from Contracts with Customers (d)61.3 58.2 4.8 0.9 55.6 (48.5)132.3 
Total Revenues from Contracts with Customers
3,202.7 1,546.3 470.9 563.3 56.4 (513.4)5,326.2 
Other Revenues:
Alternative Revenue Programs (b) (e)0.5 (5.0)5.8 — — 5.7 7.0 
Other Revenues (b) (f)2.2 2.8 — 3.4 0.8 (0.7)8.5 
Total Other Revenues2.7 (2.2)5.8 3.4 0.8 5.0 15.5 
Total Revenues$3,205.4 $1,544.1 $476.7 $566.7 $57.2 $(508.4)$5,341.7 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $366 million. 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 $37 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $32 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.
Three Months Ended September 30, 2022
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,298.0 $721.9 $— $— $— $— $2,019.9 
Commercial Revenues725.1 373.0 — — — — 1,098.1 
Industrial Revenues658.5 191.5 — — — (0.3)849.7 
Other Retail Revenues54.3 15.0 — — — — 69.3 
Total Retail Revenues2,735.9 1,301.4 — — — (0.3)4,037.0 
Wholesale and Competitive Retail Revenues:
Generation Revenues 299.3 — — 83.7 — (0.2)382.8 
Transmission Revenues (a)120.3 162.3 424.9 — — (392.7)314.8 
Renewable Generation Revenues (b)— — — 44.3 — (2.5)41.8 
Retail, Trading and Marketing Revenues— — — 482.9 2.2 0.2 485.3 
Total Wholesale and Competitive Retail Revenues
419.6 162.3 424.9 610.9 2.2 (395.2)1,224.7 
Other Revenues from Contracts with Customers (c)69.7 74.5 (0.3)1.7 24.3 (31.9)138.0 
Total Revenues from Contracts with Customers
3,225.2 1,538.2 424.6 612.6 26.5 (427.4)5,399.7 
Other Revenues:
Alternative Revenue Programs (b) (d)0.9 (13.5)6.3 — — 4.4 (1.9)
Other Revenues (b) (e)0.2 5.5 — 122.8 1.8 (2.0)128.3 
Total Other Revenues1.1 (8.0)6.3 122.8 1.8 2.4 126.4 
Total Revenues$3,226.3 $1,530.2 $430.9 $735.4 $28.3 $(425.0)$5,526.1 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $342 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $18 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.
Three Months Ended September 30, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$236.2 $— $397.1 $230.7 $536.3 $310.5 $286.5 
Commercial Revenues112.4 — 181.3 159.2 275.3 171.9 174.9 
Industrial Revenues35.4 — 197.1 159.1 103.6 114.1 105.5 
Other Retail Revenues9.2 — 26.8 1.3 3.8 33.8 2.4 
Total Retail Revenues393.2 — 802.3 550.3 919.0 630.3 569.3 
Wholesale Revenues:
Generation Revenues (a)— — 79.4 90.2 — (4.9)36.8 
Transmission Revenues (b)154.6 454.7 45.5 10.4 21.4 10.8 42.4 
Total Wholesale Revenues154.6 454.7 124.9 100.6 21.4 5.9 79.2 
Other Revenues from Contracts with Customers (c)
8.8 5.0 35.2 26.2 49.2 5.4 6.0 
Total Revenues from Contracts with Customers
556.6 459.7 962.4 677.1 989.6 641.6 654.5 
Other Revenues:
Alternative Revenue Programs (d) (e)(2.0)3.0 (0.7)(2.9)(3.1)2.6 0.3 
Other Revenues (e)— — 0.1 2.1 3.0 — — 
Total Other Revenues(2.0)3.0 (0.6)(0.8)(0.1)2.6 0.3 
Total Revenues$554.6 $462.7 $961.8 $676.3 $989.5 $644.2 $654.8 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $36 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $363 million, APCo was $22 million and SWEPCo was $17 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $18 million primarily related 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.
Three Months Ended September 30, 2022
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$204.0 $— $360.5 $238.6 $517.9 $299.6 $285.5 
Commercial Revenues107.1 — 161.1 154.3 266.1 153.4 182.3 
Industrial Revenues35.4 — 163.3 155.6 156.1 98.9 108.3 
Other Retail Revenues11.5 — 20.6 1.2 3.5 30.1 0.6 
Total Retail Revenues358.0 — 705.5 549.7 943.6 582.0 576.7 
Wholesale Revenues:
Generation Revenues (a)— — 107.9 126.3 — 9.4 87.6 
Transmission Revenues (b)140.8 411.7 41.5 8.8 21.5 10.2 42.3 
Total Wholesale Revenues140.8 411.7 149.4 135.1 21.5 19.6 129.9 
Other Revenues from Contracts with Customers (c)
9.5 (0.3)33.7 30.6 64.8 6.4 7.6 
Total Revenues from Contracts with Customers
508.3 411.4 888.6 715.4 1,029.9 608.0 714.2 
Other Revenues:
Alternative Revenue Programs (d) (e)0.6 7.1 — — (14.1)0.2 3.3 
Other Revenues (e)— — 0.3 — 5.5 — — 
Total Other Revenues0.6 7.1 0.3 — (8.6)0.2 3.3 
Total Revenues$508.9 $418.5 $888.9 $715.4 $1,021.3 $608.2 $717.5 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $44 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $339 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $15 million primarily related 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.
Nine Months Ended September 30, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$3,459.1 $2,003.4 $— $— $— $— $5,462.5 
Commercial Revenues2,029.4 1,121.9 — — — — 3,151.3 
Industrial Revenues (a)2,069.1 503.9 — — — (0.6)2,572.4 
Other Retail Revenues182.3 37.4 — — — — 219.7 
Total Retail Revenues7,739.9 3,666.6 — — — (0.6)11,405.9 
Wholesale and Competitive Retail Revenues:
Generation Revenues498.5 — — 83.8 — (0.2)582.1 
Transmission Revenues (b)348.8 524.3 1,372.0 — — (1,229.7)1,015.4 
Renewable Generation Revenues (a)— — — 74.2 — (5.7)68.5 
Retail, Trading and Marketing Revenues (c)— — — 1,332.2 1.7 (46.7)1,287.2 
Total Wholesale and Competitive Retail Revenues847.3 524.3 1,372.0 1,490.2 1.7 (1,282.3)2,953.2 
Other Revenues from Contracts with Customers (d)155.8 157.1 12.7 7.7 113.6 (132.1)314.8 
Total Revenues from Contracts with Customers
8,743.0 4,348.0 1,384.7 1,497.9 115.3 (1,415.0)14,673.9 
Other Revenues:
Alternative Revenue Programs (a) (e)(7.5)(19.5)6.1 — — 2.3 (18.6)
Other Revenues (a) (f)2.2 20.0 — (272.8)4.0 (3.6)(250.2)
Total Other Revenues(5.3)0.5 6.1 (272.8)4.0 (1.3)(268.8)
Total Revenues$8,737.7 $4,348.5 $1,390.8 $1,225.1 $119.3 $(1,416.3)$14,405.1 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1.1 billion. The affiliated revenue for Vertically Integrated Utilities was $125 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $47 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $87 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.
Nine Months Ended September 30, 2022
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$3,428.1 $1,884.1 $— $— $— $— $5,312.2 
Commercial Revenues1,922.8 994.4 — — — — 2,917.2 
Industrial Revenues (a)1,863.3 487.3 — — — (0.7)2,349.9 
Other Retail Revenues154.6 39.4 — — — — 194.0 
Total Retail Revenues7,368.8 3,405.2 — — — (0.7)10,773.3 
Wholesale and Competitive Retail Revenues:
Generation Revenues (a)674.8 — — 207.0 — (0.1)881.7 
Transmission Revenues (b)334.4 482.1 1,261.0 — — (1,086.5)991.0 
Renewable Generation Revenues (a)— — — 104.9 — (6.2)98.7 
Retail, Trading and Marketing Revenues (c)
— — — 1,280.0 6.7 (11.1)1,275.6 
Total Wholesale and Competitive Retail Revenues
1,009.2 482.1 1,261.0 1,591.9 6.7 (1,103.9)3,247.0 
Other Revenues from Contracts with Customers (d)180.5 194.2 (0.3)11.9 59.1 (71.6)373.8 
Total Revenues from Contracts with Customers
8,558.5 4,081.5 1,260.7 1,603.8 65.8 (1,176.2)14,394.1 
Other Revenues:
Alternative Revenue Programs (a) (e)3.4 (21.5)(39.6)— — (7.4)(65.1)
Other Revenues (a) (f)0.3 18.6 — 410.5 6.9 (6.9)429.4 
Total Other Revenues3.7 (2.9)(39.6)410.5 6.9 (14.3)364.3 
Total Revenues$8,562.2 $4,078.6 $1,221.1 $2,014.3 $72.7 $(1,190.5)$14,758.4 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1 billion. The affiliated revenue for Vertically Integrated Utilities was $120 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $11 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $36 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.
Nine Months Ended September 30, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$511.8 $— $1,192.4 $655.5 $1,491.6 $667.9 $647.5 
Commercial Revenues310.3 — 516.2 439.5 811.6 412.7 472.2 
Industrial Revenues (a)109.9 — 575.4 467.6 394.0 320.2 320.3 
Other Retail Revenues26.2 — 78.2 3.8 11.2 86.3 7.6 
Total Retail Revenues958.2 — 2,362.2 1,566.4 2,708.4 1,487.1 1,447.6 
Wholesale Revenues:
Generation Revenues (b)— — 223.8 257.7 — 0.3 120.3 
Transmission Revenues (c)464.0 1,338.1 130.8 28.1 60.3 32.0 123.6 
Total Wholesale Revenues464.0 1,338.1 354.6 285.8 60.3 32.3 243.9 
Other Revenues from Contracts with Customers (d)29.2 12.8 60.0 92.6 127.9 14.9 20.9 
Total Revenues from Contracts with Customers
1,451.4 1,350.9 2,776.8 1,944.8 2,896.6 1,534.3 1,712.4 
Other Revenues:
Alternative Revenue Program (a) (e)(6.1)(1.7)(0.9)(8.4)(13.5)1.6 (3.9)
Other Revenues (a)— — 0.1 2.1 20.1 — — 
Total Other Revenues(6.1)(1.7)(0.8)(6.3)6.6 1.6 (3.9)
Total Revenues$1,445.3 $1,349.2 $2,776.0 $1,938.5 $2,903.2 $1,535.9 $1,708.5 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $121 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 $1.1 billion, APCo was $64 million and SWEPCo was $43 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $52 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.
Nine Months Ended September 30, 2022
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$520.8 $— $1,131.7 $665.6 $1,363.3 $650.7 $650.0 
Commercial Revenues312.6 — 467.6 419.5 681.9 372.1 458.8 
Industrial Revenues (a)102.6 — 479.0 452.1 384.8 270.0 290.1 
Other Retail Revenues29.2 — 61.4 3.7 10.2 77.1 7.4 
Total Retail Revenues965.2 — 2,139.7 1,540.9 2,440.2 1,369.9 1,406.3 
Wholesale Revenues:
Generation Revenues (b)— — 227.6 310.9 — 19.2 206.2 
Transmission Revenues (c)417.7 1,218.1 123.4 26.3 64.4 28.9 116.8 
Total Wholesale Revenues417.7 1,218.1 351.0 337.2 64.4 48.1 323.0 
Other Revenues from Contracts with Customers (d)24.4 (0.4)78.6 86.3 169.6 21.4 18.9 
Total Revenues from Contracts with Customers
1,407.3 1,217.7 2,569.3 1,964.4 2,674.2 1,439.4 1,748.2 
Other Revenues:
Alternative Revenue Program (a) (e)(2.9)(34.4)0.1 7.3 (18.6)(0.7)0.7 
Other Revenues (a)— — 0.4 (0.1)18.6 — — 
Total Other Revenues(2.9)(34.4)0.5 7.2 — (0.7)0.7 
Total Revenues$1,404.4 $1,183.3 $2,569.8 $1,971.6 $2,674.2 $1,438.7 $1,748.9 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $122 million primarily relating to the PPA with KGPCo.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $992 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $44 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.
Fixed Performance Obligations
Company20232024-20252026-2027After 2027Total
(in millions)
AEP$22.6 $166.2 $141.2 $35.0 $365.0 
APCo4.0 32.2 26.6 11.6 74.4 
I&M1.1 8.8 8.8 4.5 23.2 
Affiliated Accounts Receivable Contracts with Customers
CompanySeptember 30, 2023December 31, 2022
(in millions)
AEP Texas$0.1 $0.1 
AEPTCo122.5 113.8 
APCo69.3 64.5 
I&M50.1 75.3 
OPCo67.3 49.9 
PSO13.8 18.8 
SWEPCo23.7 19.1