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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Vertically Integrated Utilities $ 2,381.5 $ 2,269.8
Transmission and Distribution Utilities 1,141.2 1,066.4
Generation & Marketing 477.5 558.8
Sales to AEP Affiliates 0.0 0.0
Other Revenues 48.1 38.3
TOTAL REVENUES 4,048.3 3,933.3
Expenses    
Fuel and Other Consumables Used for Electric Generation 501.8 635.6
Purchased Electricity for Resale 990.3 769.6
Other Operation 726.4 623.7
Maintenance 298.5 303.5
Gain on Sale of Merchant Generation Assets 0.0 (226.5)
Depreciation and Amortization 539.7 481.9
Taxes Other Than Income Taxes 285.6 259.8
TOTAL EXPENSES 3,342.3 2,847.6
OPERATING INCOME (LOSS) 706.0 1,085.7
Other Income (Expense):    
Interest and Investment Income 2.1 8.0
Carrying Costs Income 3.4 5.9
Allowance for Equity Funds Used During Construction 30.7 21.2
Non-Service Cost Components of Net Periodic Benefit Cost 32.0 11.4
Interest Expense (234.0) (221.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 540.2 910.4
Income Tax Expense (Credit) 102.0 343.2
Equity Earnings (Loss) of Unconsolidated Subsidiaries 18.5 27.0
NET INCOME (LOSS) 456.7 594.2
Net Income Attributable to Noncontrolling Interests 2.3 2.0
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 454.4 $ 592.2
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 492,267,402 491,712,042
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 0.92 $ 1.20
Weighted Average Number of Diluted AEP Common Shares Outstanding 493,127,300 492,031,975
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 0.92 $ 1.20
Common Stock, Dividends, Per Share, Declared $ 0.62 $ 0.59
AEP Texas Inc. [Member]    
Revenues    
Transmission and Distribution Utilities $ 352.4 $ 328.9
Sales to AEP Affiliates 18.2 14.1
Other Revenues 1.0 0.6
TOTAL REVENUES 371.6 343.6
Expenses    
Fuel and Other Consumables Used for Electric Generation 8.9 3.0
Other Operation 117.0 108.8
Maintenance 21.5 18.4
Depreciation and Amortization 110.0 102.8
Taxes Other Than Income Taxes 32.4 28.3
TOTAL EXPENSES 289.8 261.3
OPERATING INCOME (LOSS) 81.8 82.3
Other Income (Expense):    
Interest Income 0.5 1.0
Allowance for Equity Funds Used During Construction 5.5 1.8
Non-Service Cost Components of Net Periodic Benefit Cost 3.1 0.9
Interest Expense (35.0) (35.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 55.9 51.0
Income Tax Expense (Credit) 9.1 17.7
NET INCOME (LOSS) 46.8 33.3
AEP Transmission Co [Member]    
Revenues    
Electrical Transmission Revenue 31.3 19.2
Sales to AEP Affiliates 162.1 133.4
Other Revenues 0.1 0.1
TOTAL REVENUES 193.5 152.7
Expenses    
Other Operation 16.6 9.1
Maintenance 2.6 3.1
Depreciation and Amortization 30.6 23.3
Taxes Other Than Income Taxes 31.1 26.8
TOTAL EXPENSES 80.9 62.3
OPERATING INCOME (LOSS) 112.6 90.4
Other Income (Expense):    
Interest Income 0.4 0.2
Allowance for Equity Funds Used During Construction 15.3 10.9
Interest Expense (19.9) (16.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 108.4 85.5
Income Tax Expense (Credit) 22.5 28.5
NET INCOME (LOSS) 85.9 57.0
Appalachian Power Co [Member]    
Revenues    
Vertically Integrated Utilities 767.5 745.0
Sales to AEP Affiliates 49.4 42.4
Other Revenues 3.5 5.4
TOTAL REVENUES 820.4 792.8
Expenses    
Fuel and Other Consumables Used for Electric Generation 69.0 167.2
Purchased Electricity for Resale 205.9 90.8
Other Operation 138.2 113.9
Maintenance 72.0 71.2
Depreciation and Amortization 108.5 100.6
Taxes Other Than Income Taxes 33.8 30.2
TOTAL EXPENSES 627.4 573.9
OPERATING INCOME (LOSS) 193.0 218.9
Other Income (Expense):    
Interest Income 0.3 0.3
Carrying Costs Income 0.5 0.3
Allowance for Equity Funds Used During Construction 2.6 1.5
Non-Service Cost Components of Net Periodic Benefit Cost 4.5 1.3
Interest Expense (47.4) (48.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 153.5 174.2
Income Tax Expense (Credit) 28.0 63.6
NET INCOME (LOSS) 125.5 110.6
Indiana Michigan Power Co [Member]    
Revenues    
Vertically Integrated Utilities 553.9 538.5
Sales to AEP Affiliates 4.7 0.6
Other Revenues - Affiliated 13.2 18.1
Other Revenues 5.0 3.3
TOTAL REVENUES 576.8 560.5
Expenses    
Fuel and Other Consumables Used for Electric Generation 77.5 90.7
Purchased Electricity for Resale 55.6 37.3
Purchased Electricity from AEP Affiliates 61.4 53.9
Other Operation 146.1 137.1
Maintenance 54.5 51.4
Depreciation and Amortization 59.3 50.0
Taxes Other Than Income Taxes 25.0 22.9
TOTAL EXPENSES 479.4 443.3
OPERATING INCOME (LOSS) 97.4 117.2
Other Income (Expense):    
Interest Income 0.2 1.1
Carrying Costs Income 2.4 3.4
Allowance for Equity Funds Used During Construction 1.8 2.1
Non-Service Cost Components of Net Periodic Benefit Cost 4.5 1.5
Interest Expense (29.7) (27.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 76.6 97.6
Income Tax Expense (Credit) 12.4 29.2
NET INCOME (LOSS) 64.2 68.4
Ohio Power Co [Member]    
Revenues    
Transmission and Distribution Utilities 786.3 738.4
Sales to AEP Affiliates 3.1 5.7
Other Revenues 1.5 2.0
TOTAL REVENUES 790.9 746.1
Expenses    
Purchased Electricity for Resale 205.5 188.3
Purchased Electricity from AEP Affiliates 30.2 32.0
Amortization Of Generation Deferrals 58.6 60.9
Other Operation 172.2 122.3
Maintenance 37.2 37.2
Depreciation and Amortization 64.8 57.3
Taxes Other Than Income Taxes 105.1 98.5
TOTAL EXPENSES 673.6 596.5
OPERATING INCOME (LOSS) 117.3 149.6
Other Income (Expense):    
Interest Income 0.9 2.5
Carrying Costs Income 0.7 1.9
Allowance for Equity Funds Used During Construction 2.5 2.4
Non-Service Cost Components of Net Periodic Benefit Cost 3.9 1.1
Interest Expense (25.2) (25.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 100.1 132.5
Income Tax Expense (Credit) 20.5 46.3
NET INCOME (LOSS) 79.6 86.2
Public Service Co Of Oklahoma [Member]    
Revenues    
Vertically Integrated Utilities 335.1 301.9
Sales to AEP Affiliates 1.1 1.1
Other Revenues 0.6 1.1
TOTAL REVENUES 336.8 304.1
Expenses    
Fuel and Other Consumables Used for Electric Generation 48.4 12.3
Purchased Electricity for Resale 122.4 125.3
Other Operation 86.8 68.3
Maintenance 26.9 34.2
Depreciation and Amortization 36.8 33.5
Taxes Other Than Income Taxes 11.6 10.6
TOTAL EXPENSES 332.9 284.2
OPERATING INCOME (LOSS) 3.9 19.9
Other Income (Expense):    
Allowance for Equity Funds Used During Construction (0.1) 0.4
Other Nonoperating Income (Expense) 0.0 0.5
Non-Service Cost Components of Net Periodic Benefit Cost 2.2 0.9
Interest Expense (14.7) (13.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS (8.6) 7.7
Income Tax Expense (Credit) (1.4) 2.9
NET INCOME (LOSS) (7.2) 4.8
Southwestern Electric Power Co [Member]    
Revenues    
Vertically Integrated Utilities 413.0 396.3
Sales to AEP Affiliates 6.1 4.6
Other Revenues 0.3 0.4
TOTAL REVENUES 419.4 401.3
Expenses    
Fuel and Other Consumables Used for Electric Generation 126.8 130.9
Purchased Electricity for Resale 42.7 32.4
Other Operation 94.9 78.9
Maintenance 31.0 32.2
Depreciation and Amortization 57.4 50.8
Taxes Other Than Income Taxes 25.0 23.3
TOTAL EXPENSES 377.8 348.5
OPERATING INCOME (LOSS) 41.6 52.8
Other Income (Expense):    
Interest Income 1.8 0.9
Allowance for Equity Funds Used During Construction 2.3 0.8
Non-Service Cost Components of Net Periodic Benefit Cost 2.3 0.9
Interest Expense (32.2) (29.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 15.8 25.5
Income Tax Expense (Credit) 2.9 9.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.5 1.3
NET INCOME (LOSS) 13.4 17.3
Net Income Attributable to Noncontrolling Interests 1.6 1.0
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 11.8 $ 16.3