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CONSOLIDATED STATEMENTS OF INCOME - SWEPCo - 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):      
Allowance for Equity Funds Used During Construction 245 211 175
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
Equity Earnings of Unconsolidated Subsidiaries 101 94 59
NET INCOME 3,696 2,976 2,213
Net Income Attributable to Noncontrolling Interests 116 9 5
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Basic 3,580 2,967 2,208
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Diluted 3,580 2,967 2,208
Nonrelated Party      
REVENUES      
TOTAL REVENUES 21,876 19,721 18,982
SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES 2,354 2,036 2,183
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 727 733 807
Other Operation 458 423 361
Maintenance 194 149 159
Asset Impairments and Other Related Charges 6 0 86
Depreciation and Amortization 429 389 343
Taxes Other Than Income Taxes 129 125 135
TOTAL EXPENSES 1,943 1,819 1,891
OPERATING INCOME 411 217 292
Other Income (Expense):      
Interest Income 11 14 19
Allowance for Equity Funds Used During Construction 23 14 11
Non-Service Cost Components of Net Periodic Benefit Cost 7 1 14
Interest Expense (157) (106) (147)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 295 140 189
Income Tax Expense (95) (184) (33)
Equity Earnings of Unconsolidated Subsidiaries 1 2 2
NET INCOME 391 326 224
Net Income Attributable to Noncontrolling Interests 3 5 4
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Basic 388 321 220
EARNINGS ATTRIBUTABLE TO AEP MEMBER, Diluted 388 321 220
Electric Generation, Transmission and Distribution Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES 2,281 2,149 2,155
Sales to AEP Affiliates | SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES 71 71 82
(Provision For) Reversal Of Refund | SOUTHWESTERN ELECTRIC POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES 12 (9) (35)
Provision for Refund | SOUTHWESTERN ELECTRIC POWER COMPANY | Nonrelated Party      
REVENUES      
TOTAL REVENUES (20) (182) (21)
Other Revenues      
REVENUES      
TOTAL REVENUES 526 482 458
Other Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES $ 10 $ 7 $ 2