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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
Vertically Integrated Utilities $ 2,108.2 $ 2,158.6 $ 4,326.3 $ 4,646.0
Transmission and Distribution Utilities 1,076.2 1,008.0 2,153.5 2,214.3
Generation & Marketing 655.3 627.6 1,369.2 1,486.8
Other Revenues 53.2 32.5 88.8 60.0
TOTAL REVENUES 3,892.9 3,826.7 7,937.8 8,407.1
Expenses        
Fuel and Other Consumables Used for Electric Generation 680.4 755.3 1,356.0 1,826.5
Purchased Electricity for Resale 629.2 600.8 1,360.6 1,319.2
Other Operation 664.5 603.4 1,379.6 1,264.7
Maintenance 289.4 326.0 568.1 611.6
Depreciation and Amortization 513.8 497.7 1,010.9 993.1
Taxes Other Than Income Taxes 249.4 239.4 503.5 485.1
TOTAL EXPENSES 3,026.7 3,022.6 6,178.7 6,500.2
OPERATING INCOME (LOSS) 866.2 804.1 1,759.1 1,906.9
Other Income (Expense):        
Interest and Investment Income 2.4 3.1 4.5 4.5
Carrying Costs Income 6.3 8.2 10.2 16.6
Allowance for Equity Funds Used During Construction 28.8 34.1 60.5 63.8
Interest Expense (224.9) (219.2) (441.9) (437.9)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 678.8 630.3 1,392.4 1,553.9
Income Tax Expense (Credit) 165.0 224.3 400.5 551.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries (7.4) 25.4 17.6 49.2
Income (Loss) from Continuing Operations 506.4 431.4 1,009.5 1,051.6
Income (Loss) from Discontinued Operations, Net of Tax (2.5) (0.1) (2.5) 10.4
Net Income (Loss) 503.9 431.3 1,007.0 1,062.0
Net Income Attributable to Noncontrolling Interests 1.8 1.3 3.7 2.8
Earnings Attributable to Common Shareholders $ 502.1 $ 430.0 $ 1,003.3 $ 1,059.2
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 491,459,541 490,207,482 491,283,967 489,904,417
Basic Earnings Per Share Attributable to AEP Common Shareholders from Continuing Operations $ 1.03 $ 0.88 $ 2.05 $ 2.14
Basic Earnings Per Share Attributable to AEP Common Shareholders from Discontinued Operations (0.01) 0.00 (0.01) 0.02
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.02 $ 0.88 $ 2.04 $ 2.16
Weighted Average Number of Diluted AEP Common Shares Outstanding 491,641,400 490,484,450 491,486,853 490,212,271
Diluted Earnings Per Share Attributable to AEP Common Shareholders from Continuing Operations $ 1.03 $ 0.88 $ 2.05 $ 2.14
Diluted Earnings Per Share Attributable to AEP Common Shareholders from Discontinued Operations (0.01) 0.00 (0.01) 0.02
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders 1.02 0.88 2.04 2.16
Common Stock, Dividends Per Share, Declared $ 0.56 $ 0.53 $ 1.12 $ 1.06
Appalachian Power Co [Member]        
Revenues        
Vertically Integrated Utilities $ 638.8 $ 645.4 $ 1,414.3 $ 1,499.6
Sales to AEP Affiliates 32.2 33.9 72.6 76.4
Other Revenues 2.5 2.7 6.6 5.0
TOTAL REVENUES 673.5 682.0 1,493.5 1,581.0
Expenses        
Fuel and Other Consumables Used for Electric Generation 153.3 183.5 304.0 406.8
Purchased Electricity for Resale 63.5 65.7 171.7 178.4
Other Operation 111.2 103.7 231.8 209.8
Maintenance 60.2 57.0 129.5 109.3
Depreciation and Amortization 96.4 96.3 191.9 196.4
Taxes Other Than Income Taxes 30.6 30.1 61.9 61.1
TOTAL EXPENSES 515.2 536.3 1,090.8 1,161.8
OPERATING INCOME (LOSS) 158.3 145.7 402.7 419.2
Other Income (Expense):        
Interest Income 0.2 0.5 0.5 0.9
Carrying Costs Income 1.0 0.4 0.2 0.7
Allowance for Equity Funds Used During Construction 2.3 3.9 4.6 6.9
Interest Expense (47.3) (48.7) (94.3) (99.0)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 114.5 101.8 313.7 328.7
Income Tax Expense (Credit) 41.1 42.8 114.0 127.9
Net Income (Loss) 73.4 59.0 199.7 200.8
Indiana Michigan Power Co [Member]        
Revenues        
Vertically Integrated Utilities 495.7 515.1 996.1 1,081.3
Sales to AEP Affiliates 7.0 6.5 18.5 7.0
Other Revenues - Affiliated 15.4 21.9 30.7 40.5
Other Revenues 4.3 0.8 9.8 1.8
TOTAL REVENUES 522.4 544.3 1,055.1 1,130.6
Expenses        
Fuel and Other Consumables Used for Electric Generation 76.3 74.0 145.5 173.9
Purchased Electricity for Resale 41.0 50.3 90.6 106.2
Purchased Electricity from AEP Affiliates 56.0 60.0 101.4 115.0
Other Operation 133.7 137.3 275.0 266.3
Maintenance 48.0 59.8 88.9 107.1
Depreciation and Amortization 47.0 49.5 94.1 100.9
Taxes Other Than Income Taxes 25.6 22.0 49.0 45.4
TOTAL EXPENSES 427.6 452.9 844.5 914.8
OPERATING INCOME (LOSS) 94.8 91.4 210.6 215.8
Other Income (Expense):        
Interest Income 4.2 3.5 7.4 5.3
Allowance for Equity Funds Used During Construction 4.5 3.0 6.8 7.0
Interest Expense (27.1) (23.0) (49.6) (45.8)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 76.4 74.9 175.2 182.3
Income Tax Expense (Credit) 25.1 24.3 49.2 59.0
Net Income (Loss) 51.3 50.6 126.0 123.3
Ohio Power Co [Member]        
Revenues        
Transmission and Distribution Utilities 728.1 670.3 1,484.8 1,544.5
Sales to AEP Affiliates 1.4 33.2 6.2 75.3
Other Revenues 1.3 2.3 3.4 4.4
TOTAL REVENUES 730.8 705.8 1,494.4 1,624.2
Expenses        
Purchased Electricity for Resale 147.8 116.4 312.7 258.5
Purchased Electricity from AEP Affiliates 36.4 146.2 85.5 416.8
Amortization of Generation Deferrals 51.8 35.4 106.9 66.8
Other Operation 173.8 129.8 341.7 276.6
Maintenance 31.9 34.2 65.6 81.8
Depreciation and Amortization 58.3 55.7 119.6 114.9
Taxes Other Than Income Taxes 92.2 91.6 189.8 189.4
TOTAL EXPENSES 592.2 609.3 1,221.8 1,404.8
OPERATING INCOME (LOSS) 138.6 96.5 272.6 219.4
Other Income (Expense):        
Interest Income 0.8 1.2 2.3 3.1
Carrying Costs Income 1.2 5.1 3.1 11.6
Allowance for Equity Funds Used During Construction 1.7 2.4 3.4 4.8
Interest Expense (29.1) (31.3) (60.5) (63.7)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 113.2 73.9 220.9 175.2
Income Tax Expense (Credit) 38.6 26.2 76.1 62.1
Net Income (Loss) 74.6 47.7 144.8 113.1
Public Service Co Of Oklahoma [Member]        
Revenues        
Vertically Integrated Utilities 298.6 317.6 570.4 622.3
Sales to AEP Affiliates 0.9 1.1 1.9 2.4
Other Revenues 0.7 0.8 2.2 1.6
TOTAL REVENUES 300.2 319.5 574.5 626.3
Expenses        
Fuel and Other Consumables Used for Electric Generation 11.1 53.0 26.6 138.6
Purchased Electricity for Resale 91.2 85.1 184.5 150.6
Purchased Electricity from AEP Affiliates 0.4 0.0 0.4 0.0
Other Operation 67.9 61.0 130.8 121.8
Maintenance 24.2 25.9 46.0 47.1
Depreciation and Amortization 37.4 29.8 72.7 59.3
Taxes Other Than Income Taxes 9.0 9.2 18.7 18.5
TOTAL EXPENSES 241.2 264.0 479.7 535.9
OPERATING INCOME (LOSS) 59.0 55.5 94.8 90.4
Other Income (Expense):        
Interest Income 0.1 0.0 0.3 0.1
Allowance for Equity Funds Used During Construction 1.5 2.3 3.8 3.6
Interest Expense (15.3) (14.8) (29.7) (29.4)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 45.3 43.0 69.2 64.7
Income Tax Expense (Credit) 16.4 15.9 24.6 23.9
Net Income (Loss) 28.9 27.1 44.6 40.8
Southwestern Electric Power Co [Member]        
Revenues        
Vertically Integrated Utilities 418.2 433.2 793.6 861.7
Sales to AEP Affiliates 8.3 4.5 11.4 7.2
Other Revenues 0.5 0.4 1.0 0.9
TOTAL REVENUES 427.0 438.1 806.0 869.8
Expenses        
Fuel and Other Consumables Used for Electric Generation 122.6 125.4 244.5 283.1
Purchased Electricity for Resale 33.5 27.2 61.6 47.2
Other Operation 77.0 67.8 154.1 133.4
Maintenance 37.1 38.3 68.2 65.7
Depreciation and Amortization 49.4 47.9 96.9 94.9
Taxes Other Than Income Taxes 21.5 21.4 43.4 43.1
TOTAL EXPENSES 341.1 328.0 668.7 667.4
OPERATING INCOME (LOSS) 85.9 110.1 137.3 202.4
Other Income (Expense):        
Interest Income 0.0 1.2 0.0 1.2
Allowance for Equity Funds Used During Construction 2.0 5.9 9.4 11.1
Interest Expense (31.5) (32.0) (59.4) (62.2)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAX EXPENSE (CREDIT) AND EQUITY EARNINGS (LOSS) 56.4 85.2 87.3 152.5
Income Tax Expense (Credit) 13.3 26.8 20.7 48.0
Equity Earnings (Loss) of Unconsolidated Subsidiaries 1.2 1.1 2.2 1.7
Net Income (Loss) 44.3 59.5 68.8 106.2
Net Income Attributable to Noncontrolling Interests 1.1 1.0 2.2 2.0
Earnings Attributable to Common Shareholders $ 43.2 $ 58.5 $ 66.6 $ 104.2