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CONSOLIDATED STATEMENTS OF INCOME - I&M - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
REVENUES      
TOTAL REVENUES $ 21,876 $ 19,721 $ 18,982
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 7,031 5,936 6,578
Other Operation 2,950 3,127 2,811
Maintenance 1,499 1,325 1,276
Asset Impairments and Other Related Charges 66 143 86
Depreciation and Amortization 3,380 3,290 3,090
Taxes Other Than Income Taxes 1,631 1,596 1,492
TOTAL EXPENSES 16,557 15,417 15,426
OPERATING INCOME 5,319 4,304 3,556
Other Income (Expense):      
Other Income 48 65 64
Non-Service Cost Components of Net Periodic Benefit Cost 138 126 221
Interest Expense (2,026) (1,863) (1,807)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 3,724 2,843 2,209
Income Tax Expense 129 (39) 55
Nonrelated Party      
REVENUES      
TOTAL REVENUES 21,876 19,721 18,982
INDIANA MICHIGAN POWER COMPANY      
REVENUES      
TOTAL REVENUES 3,031 2,572 2,536
EXPENSES      
Other Operation 731 729 663
Maintenance 291 235 239
Asset Impairments and Other Related Charges 7 13 0
Depreciation and Amortization 514 481 470
Taxes Other Than Income Taxes 92 89 84
TOTAL EXPENSES 2,506 2,173 2,048
OPERATING INCOME 525 399 488
Other Income (Expense):      
Other Income 21 13 13
Non-Service Cost Components of Net Periodic Benefit Cost 20 18 31
Interest Expense (151) (134) (137)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 415 296 395
Income Tax Expense 1 (95) 59
NET INCOME 414 391 336
INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 270 209 181
INDIANA MICHIGAN POWER COMPANY | Nonrelated Party      
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 601 417 411
Electric Generation, Transmission and Distribution Revenues | INDIANA MICHIGAN POWER COMPANY      
REVENUES      
TOTAL REVENUES 3,096 2,552 2,469
Sales to AEP Affiliates | INDIANA MICHIGAN POWER COMPANY      
REVENUES      
TOTAL REVENUES 14 15 9
(Provision For) Reversal Of Refund | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES (3) (14) (11)
(Provision For) Reversal Of Refund | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party      
REVENUES      
TOTAL REVENUES (142) (57) (3)
Other Revenues      
REVENUES      
TOTAL REVENUES 526 482 458
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES 58 65 59
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party      
REVENUES      
TOTAL REVENUES $ 8 $ 11 $ 13