XML 162 R89.htm IDEA: XBRL DOCUMENT v3.25.4
BUSINESS SEGMENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Reportable Segment Information
The tables below present AEP’s reportable segment income statement information for the years ended December 31, 2025, 2024 and 2023 and reportable segment balance sheet information as of December 31, 2025 and 2024.  The significant expenses disclosed below align with the segment-level information that is regularly provided to the CODM.
VIUT&DAEPTHCoG&MTotal Reportable SegmentsCorporate and Other (a)Reconciling AdjustmentsConsolidated
2025(in millions)
Revenues from:
External Customers$12,556 $6,097 $493 $2,697 $21,843 $33 $— $21,876 
Other Operating Segments263 50 1,884 65 2,262 111 (2,373)(b)— 
Total Revenues12,819 6,147 2,377 2,762 24,105 144 (2,373)21,876 
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation4,056 943 — 2,325 7,324 — (293)7,031 
Other Operation and Maintenance3,884 2,318 194 83 6,479 74 (2,104)4,449 
Asset Impairments and Other Related Charges35 31 — — 66 — — 66 
Depreciation and Amortization2,076 821 487 16 3,400 (20)— 3,380 
Taxes Other Than Income Taxes532 744 328 2 1,606 1 24 1,631 
Allowance for Equity Funds Used During Construction74 77 94 — 245 — — 245 
Interest Expense856 424 241 8 1,529 592 (95)2,026 
Income Tax Expense (Benefit)(60)173 42 95 250 (121)— 129 
Equity Earnings of Unconsolidated Subsidiaries1 2 87 — 90 11 — 101 
Other Segment Items (c)(90)(44)105 (54)(83)(82)95 (70)
Earnings (Loss) Attributable to AEP Common Shareholders$1,605 $816 $1,161 $287 $3,869 $(289)$— $3,580 
Gross Property Additions$7,333 $2,978 $1,615 $12 $11,938 $38 $(70)$11,906 
Total Assets$61,778 $29,272 $19,719 $2,003 $112,772 $6,733 (d)$(5,045)(e)$114,460 
Investments in Equity Method Investees$9 $4 $1,068 $— $1,081 $171 $— $1,252 

VIUT&DAEPTHCoG&MTotal Reportable SegmentsCorporate and Other (a)Reconciling AdjustmentsConsolidated
2024(in millions)
Revenues from:
External Customers$11,414 $5,880 $425 $1,945 $19,664 $57 $— $19,721 
Other Operating Segments183 28 1,526 100 1,837 126 (1,963)(b)— 
Total Revenues11,597 5,908 1,951 2,045 21,501 183 (1,963)19,721 
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation3,796 909 — 1,542 6,247 — (311)5,936 
Other Operation and Maintenance3,528 2,166 163 130 5,987 137 (1,672)4,452 
Asset Impairments and Other Related Charges14 53 — 76 143 — — 143 
Depreciation and Amortization1,971 880 440 21 3,312 (22)— 3,290 
Taxes Other Than Income Taxes535 724 315 2 1,576 — 20 1,596 
Allowance for Equity Funds Used During Construction52 69 90 — 211 — — 211 
Interest Expense724 406 222 17 1,369 613 (119)1,863 
Income Tax Expense (Benefit)(282)155 215 26 114 (153)— (39)
Equity Earnings (Loss) of Unconsolidated Subsidiaries1 (1)99 1 100 (6)— 94 
Other Segment Items (c)(89)(43)(5)(57)(194)(107)119 (182)
Earnings (Loss) Attributable to AEP Common Shareholders$1,453 $726 $790 $289 $3,258 $(291)$— $2,967 
Gross Property Additions$3,644 $2,344 $1,572 $35 $7,595 $467 $(32)$8,030 
Total Assets$54,997 $26,864 $18,012 $1,634 $101,507 $5,551 (d)$(3,980)(e)$103,078 
Investments in Equity Method Investees$9 $2 $996 $— $1,007 $49 $— $1,056 
VIUT&DAEPTHCoG&MTotal Reportable SegmentsCorporate and Other (a)Reconciling AdjustmentsConsolidated
2023(in millions)
Revenues from:
External Customers$11,304 $5,677 $397 $1,543 $18,921 $61 $— $18,982 
Other Operating Segments146 36 1,332 89 1,603 107 (1,710)(b)— 
Total Revenues11,450 5,713 1,729 1,632 20,524 168 (1,710)18,982 
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation4,150 1,215 — 1,488 6,853 — (275)6,578 
Other Operation and Maintenance3,211 1,948 142 133 5,434 103 (1,450)4,087 
Asset Impairments and Other Related Charges86 — — — 86 — — 86 
Loss on the Sale of the Competitive Contracted Renewables Portfolio— — — 93 93 — — 93 
Depreciation and Amortization1,876 785 403 43 3,107 (17)— 3,090 
Taxes Other Than Income Taxes513 668 290 6 1,477 — 15 1,492 
Allowance for Equity Funds Used During Construction46 46 83 — 175 — — 175 
Interest Expense765 364 203 76 1,408 594 (195)1,807 
Income Tax Expense (Benefit)(45)140 166 (123)138 (83)— 55 
Equity Earnings (Loss) of Unconsolidated Subsidiaries1 — 83 (17)67 (8)— 59 
Other Segment Items (c)(149)(60)(12)(75)(296)(179)195 (280)
Earnings (Loss) Attributable to AEP Common Shareholders$1,090 $699 $703 $(26)$2,466 $(258)$— $2,208 
Gross Property Additions$3,487 $2,467 $1,529 $13 $7,496 $36 $1 $7,533 
Investments in Equity Method Investees$10 $3 $906 $101 $1,020 $54 $— $1,074 
(a)Corporate and Other primarily includes the purchasing of receivables from certain AEP utility subsidiaries. This segment also includes Parent’s guarantee revenue received from affiliates, investment income, interest income and interest expense, income tax expense and other nonallocated costs.
(b)Represents inter-segment revenues.
(c)Other segment items included in segment earnings (loss) attributable to AEP common shareholders primarily includes Interest and Dividend Income, Non-Service Cost Components of Net Period Benefit Cost and Net Income (Loss) Attributable to Noncontrolling Interests.
(d)Includes elimination of AEP Parent’s investments in wholly-owned subsidiary companies.
(e)Reconciling Adjustments for Total Assets primarily include elimination of intercompany advances to affiliates and intercompany accounts receivable.
The tables below present AEPTCo’s reportable segment income statement information for the years ended December 31, 2025, 2024 and 2023 and reportable segment balance sheet information as of December 31, 2025 and 2024. The significant expenses disclosed below align with the segment-level information that is regularly provided to the CODM.

State TranscosAEPTCo ParentReconciling AdjustmentsAEPTCo
Consolidated
2025(in millions)
Revenues from:
External Customers
$450 $— $— $450 
Sales to AEP Affiliates
1,869 — — 1,869 
Total Revenues2,319 — — 2,319 
Other Operation and Maintenance185 — — 185 
Depreciation and Amortization
478 — — 478 
Taxes Other Than Income Taxes321 — — 321 
Interest Income
3 308 (306)(a)5 
Allowance for Equity Funds Used During Construction 93 — — 93 
Interest Expense 283 257 (306)(a)234 
Income Tax Expense4 11 — 15 
Other Segment Items (b)— 109 — 109 
Earnings Attributable to AEPTCo Common Shareholders$1,144 $(69)(c)$— $1,075 
Gross Property Additions$1,579 $— $— $1,579 
Total Assets $17,983 $6,766 (d)$(6,750)(e)$17,999 
State TranscosAEPTCo ParentReconciling AdjustmentsAEPTCo
Consolidated
2024(in millions)
Revenues from:
External Customers
$379 $— $— $379 
Sales to AEP Affiliates
1,512 — — 1,512 
Total Revenues1,891 — — 1,891 
Other Operation and Maintenance156 2 — 158 
Depreciation and Amortization
431 — — 431 
Taxes Other Than Income Taxes309 — — 309 
Interest Income
8 241 (239)(a)10 
Allowance for Equity Funds Used During Construction 89 — — 89 
Interest Expense 214 239 (239)(a)214 
Income Tax Expense190 — — 190 
Earnings Attributable to AEPTCo Common Shareholders$688 $— (c)$— $688 
Gross Property Additions$1,482 $— $— $1,482 
Total Assets $16,888 $8,670 (d)$(9,188)(e)$16,370 

State TranscosAEPTCo ParentReconciling AdjustmentsAEPTCo
Consolidated
2023(in millions)
Revenues from:
External Customers
$354 $— $— $354 
Sales to AEP Affiliates
1,317 — — 1,317 
Total Revenues1,671 — — 1,671 
Other Operation and Maintenance129 — — 129 
Depreciation and Amortization
394 — — 394 
Taxes Other Than Income Taxes283 — — 283 
Interest Income
4 218 (214)(a)8 
Allowance for Equity Funds Used During Construction 83 — — 83 
Interest Expense 194 215 (214)(a)195 
Income Tax Expense145 2 — 147 
Earnings Attributable to AEPTCo Common Shareholders$613 $1 (c)$— $614 
Gross Property Additions$1,503 $— $— $1,503 
(a)    Elimination of intercompany interest income/interest expense on affiliated debt arrangement.
(b)    Other segment items included in segment earnings (loss) attributable to AEPTCo common shareholders primarily includes Net Income (Loss) Attributable to Noncontrolling Interests.
(c)    Includes elimination of AEPTCo Parent’s equity earnings in the State Transcos.
(d)    Primarily relates to Notes Receivable from the State Transcos.
(e)    Primarily relates to elimination of Notes Receivable from the State Transcos.