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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Revenue from Contracts with Customers $ 3,494.0 $ 3,573.6 $ 7,241.5 $ 7,630.4
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 3,494.0 3,573.6 7,241.5 7,630.4
Expenses        
Other Operation 566.0 607.4 1,168.1 1,273.4
Maintenance 243.4 348.7 492.9 623.2
Depreciation and Amortization 679.5 622.6 1,351.7 1,228.4
Taxes Other Than Income Taxes 317.5 302.3 638.6 612.2
TOTAL EXPENSES 2,771.3 3,022.6 5,767.2 6,291.0
OPERATING INCOME (LOSS) 722.7 551.0 1,474.3 1,339.4
Other Income (Expense):        
Other Income 14.3 6.6 9.9 15.2
Allowance for Equity Funds Used During Construction 35.1 50.4 66.5 79.3
Non-Service Cost Components of Net Periodic Benefit Cost 29.8 30.0 59.5 60.0
Interest Expense (294.0) (250.7) (586.1) (506.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 507.9 387.3 1,024.1 987.4
Income Tax Expense (Benefit) 12.6 (54.4) 59.1 (9.9)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 19.2 17.4 48.8 35.9
Net Income (Loss) 514.5 459.1 1,013.8 1,033.2
Net Income (Loss) Attributable to Noncontrolling Interests (6.3) (2.2) (2.2) (0.9)
Earnings Attributable to Common Shareholders $ 520.8 $ 461.3 $ 1,016.0 $ 1,034.1
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 495,655,053 493,584,347 495,125,961 493,447,477
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.05 $ 0.93 $ 2.05 $ 2.10
Weighted Average Number of Diluted AEP Common Shares Outstanding 497,337,980 495,382,966 496,973,449 494,934,320
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.05 $ 0.93 $ 2.04 $ 2.09
Common Stock, Dividends Per Share, Declared $ 0.70 $ 0.67    
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers $ 2,062.3 $ 2,116.4 $ 4,255.3 $ 4,488.7
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,009.4 1,001.6 2,084.6 2,181.4
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 350.2 382.9 758.6 822.6
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 72.1 72.7 143.0 137.7
TOTAL REVENUES (1.1) [1] (9.4) [2] 18.8 [3] 40.3 [4]
Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 360.3 480.9 715.6 1,031.3
Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 604.6 660.7 1,400.3 1,522.5
AEP Texas Inc. [Member]        
Revenues        
Sales to AEP Affiliates 16.9 42.2 48.0 82.4
TOTAL REVENUES 401.5 438.0 825.1 828.7
Expenses        
Other Operation 92.9 111.2 210.4 221.0
Maintenance 23.1 89.9 43.7 115.2
Depreciation and Amortization 165.6 155.7 328.1 294.6
Taxes Other Than Income Taxes 34.0 34.0 68.0 70.5
TOTAL EXPENSES 318.8 399.3 653.4 719.2
OPERATING INCOME (LOSS) 82.7 38.7 171.7 109.5
Other Income (Expense):        
Interest Income 0.1 0.7 0.7 1.1
Allowance for Equity Funds Used During Construction 4.9 1.4 10.0 3.2
Non-Service Cost Components of Net Periodic Benefit Cost 2.8 2.8 5.6 5.6
Interest Expense (42.2) (19.5) (84.7) (56.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 48.3 24.1 103.3 62.5
Income Tax Expense (Benefit) (18.6) (56.5) (11.2) (52.5)
Net Income (Loss) 66.9 80.6 114.5 115.0
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 383.5 395.1 775.1 744.9
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.1 0.7 2.0 1.4
TOTAL REVENUES 16.1 [5] 41.0 [6] 46.3 [7] 80.8 [8]
AEP Texas Inc. [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 3.2 8.5 3.2 17.9
AEP Transmission Co [Member]        
Revenues        
Sales to AEP Affiliates 177.7 209.1 411.4 402.3
TOTAL REVENUES 238.1 266.9 533.7 510.4
Expenses        
Other Operation 22.9 18.7 46.7 35.7
Maintenance 0.1 2.5 3.3 5.7
Depreciation and Amortization 58.9 42.8 114.9 83.1
Taxes Other Than Income Taxes 50.2 41.9 100.6 83.3
TOTAL EXPENSES 132.1 105.9 265.5 207.8
OPERATING INCOME (LOSS) 106.0 161.0 268.2 302.6
Other Income (Expense):        
Interest Income 1.3 0.6 2.1 1.3
Allowance for Equity Funds Used During Construction 18.5 28.8 34.7 40.1
Interest Expense (32.8) (21.4) (62.4) (43.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 93.0 169.0 242.6 300.9
Income Tax Expense (Benefit) 19.3 33.0 51.1 60.6
Net Income (Loss) 73.7 136.0 191.5 240.3
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 60.4 57.8 121.7 108.1
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.6 0.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member]        
Revenues        
Sales to AEP Affiliates 30.8 46.3 80.5 98.0
TOTAL REVENUES 637.5 655.8 1,386.9 1,448.6
Expenses        
Other Operation 108.8 138.9 242.8 275.8
Maintenance 46.4 61.3 96.7 122.8
Depreciation and Amortization 120.6 117.1 242.8 229.6
Taxes Other Than Income Taxes 37.5 35.9 75.4 71.8
TOTAL EXPENSES 517.6 578.9 1,095.6 1,219.6
OPERATING INCOME (LOSS) 119.9 76.9 291.3 229.0
Other Income (Expense):        
Interest Income 0.5 1.0 0.8 1.8
Allowance for Equity Funds Used During Construction 2.4 6.0 4.8 7.7
Non-Service Cost Components of Net Periodic Benefit Cost 4.7 4.2 9.4 8.5
Interest Expense (54.1) (51.6) (107.2) (100.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 73.4 36.5 199.1 146.1
Income Tax Expense (Benefit) (7.9) (19.0) 2.5 (43.1)
Net Income (Loss) 81.3 55.5 196.6 189.2
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 604.0 605.9 1,301.0 1,344.6
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.7 3.6 5.4 6.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Revenues        
Sales to AEP Affiliates 24.0 30.0 57.0 64.0
Expenses        
Cost of Goods and Services Sold 153.9 161.2 264.9 344.5
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 50.4 64.5 173.0 175.1
Indiana Michigan Power Co [Member]        
Revenues        
Sales to AEP Affiliates 4.9 2.3 7.8 4.6
Other Revenues - Affiliated 15.8 20.9 28.3 34.2
TOTAL REVENUES 546.6 543.1 1,116.9 1,157.4
Expenses        
Purchased Electricity from AEP Affiliates 43.7 51.3 79.9 111.1
Other Operation 149.5 154.5 294.2 295.0
Maintenance 44.3 54.6 93.4 112.9
Depreciation and Amortization 105.2 87.3 199.1 173.5
Taxes Other Than Income Taxes 25.7 26.2 52.1 53.5
TOTAL EXPENSES 457.3 465.2 910.9 964.5
OPERATING INCOME (LOSS) 89.3 77.9 206.0 192.9
Other Income (Expense):        
Other Income 3.1 6.1 5.6 11.8
Allowance for Equity Funds Used During Construction     4.8 12.5
Non-Service Cost Components of Net Periodic Benefit Cost 4.2 4.4 8.4 8.8
Interest Expense (28.1) (28.2) (58.8) (57.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 68.5 60.2 161.2 156.4
Income Tax Expense (Benefit) 4.7 (0.1) 5.1 (2.8)
Net Income (Loss) 63.8 60.3 156.1 159.2
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 524.9 517.4 1,078.3 1,114.1
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.0 2.5 2.5 4.5
Sales to AEP Affiliates 18.0 23.0 34.0 38.0
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 48.4 42.4 101.6 100.0
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 40.5 48.9 90.6 118.5
Ohio Power Co [Member]        
Revenues        
Sales to AEP Affiliates 16.3 1.7 24.7 9.2
TOTAL REVENUES 640.4 606.6 1,330.7 1,443.4
Expenses        
Purchased Electricity from AEP Affiliates 30.3 33.7 72.7 79.8
Amortization of Generation Deferrals 0.0 24.1 0.0 56.5
Other Operation 186.6 153.9 363.9 370.8
Maintenance 26.9 34.2 58.5 66.7
Depreciation and Amortization 59.8 56.1 130.3 119.4
Taxes Other Than Income Taxes 108.0 106.0 220.0 214.9
TOTAL EXPENSES 525.5 529.5 1,108.4 1,203.8
OPERATING INCOME (LOSS) 114.9 77.1 222.3 239.6
Other Income (Expense):        
Interest Income 0.2 1.1 0.4 1.9
Carrying Costs Income 0.6 0.2 1.0 0.4
Allowance for Equity Funds Used During Construction 2.8 4.1 4.7 9.3
Non-Service Cost Components of Net Periodic Benefit Cost 3.7 3.6 7.5 7.3
Interest Expense (30.1) (25.6) (59.0) (50.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 92.1 60.5 176.9 208.3
Income Tax Expense (Benefit) 11.2 9.9 20.9 29.7
Net Income (Loss) 80.9 50.6 156.0 178.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 621.8 602.3 1,301.0 1,428.8
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.3 2.6 5.0 5.4
TOTAL REVENUES 3.8 [5] 1.5 [6] 9.9 [7] 6.6 [8]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 113.9 121.5 263.0 295.7
Public Service Co Of Oklahoma [Member]        
Revenues        
Sales to AEP Affiliates 1.3 2.1 2.4 3.7
TOTAL REVENUES 308.6 348.1 605.9 680.9
Expenses        
Other Operation 69.6 64.8 156.8 138.4
Maintenance 24.6 26.1 49.0 48.6
Depreciation and Amortization 45.0 42.8 89.7 86.3
Taxes Other Than Income Taxes 12.4 10.5 23.7 21.9
TOTAL EXPENSES 249.0 291.5 543.9 603.4
OPERATING INCOME (LOSS) 59.6 56.6 62.0 77.5
Other Income (Expense):        
Interest Income 0.0 0.2 0.1 0.2
Allowance for Equity Funds Used During Construction 0.9 0.6 1.9 0.7
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1 4.2 4.2
Interest Expense (15.5) (17.3) (31.3) (34.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 47.1 42.2 36.9 48.4
Income Tax Expense (Benefit) 0.7 0.3 0.8 0.3
Net Income (Loss) 46.4 41.9 36.1 48.1
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 301.1 344.6 596.5 673.8
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 6.2 1.4 7.0 3.4
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Public Service Co Of Oklahoma [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold (1.6) 44.8 15.3 82.8
Public Service Co Of Oklahoma [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 99.0 102.5 209.4 225.4
Southwestern Electric Power Co [Member]        
Revenues        
Sales to AEP Affiliates 17.5 6.4 25.0 12.8
TOTAL REVENUES 415.0 375.5 800.9 796.6
Expenses        
Other Operation 70.0 65.9 162.2 150.5
Maintenance 32.7 39.3 66.5 68.2
Depreciation and Amortization 68.1 61.8 135.4 123.9
Taxes Other Than Income Taxes 25.0 24.5 50.3 49.8
TOTAL EXPENSES 322.4 342.5 673.2 709.5
OPERATING INCOME (LOSS) 92.6 33.0 127.7 87.1
Other Income (Expense):        
Interest Income 0.5 0.7 1.1 1.4
Allowance for Equity Funds Used During Construction 0.9 1.1 2.3 2.9
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.2 4.2 4.3
Interest Expense (29.7) (30.5) (59.8) (60.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 66.4 6.5 75.5 35.5
Income Tax Expense (Benefit) 7.9 0.0 1.7 0.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.7 0.8 1.5 1.5
Net Income (Loss) 59.2 7.3 75.3 36.3
Net Income (Loss) Attributable to Noncontrolling Interests 0.4 1.1 1.4 2.3
Earnings Attributable to Common Shareholders 58.8 6.2 73.9 34.0
Earnings Per Share        
Provision for Refund (4.4) (25.2) (4.4) (25.2)
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 401.0 394.0 778.6 808.3
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.9 0.3 1.7 0.7
TOTAL REVENUES 0.0 [5] 0.0 [6] 0.0 [7] 0.0 [8]
Southwestern Electric Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 85.6 117.9 174.7 251.4
Southwestern Electric Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold $ 41.0 $ 33.1 $ 84.1 $ 65.7
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Amounts include affiliated and nonaffiliated revenues.
[3] Amounts include affiliated and nonaffiliated revenues.
[4] Amounts include affiliated and nonaffiliated revenues.
[5] Amounts include affiliated and nonaffiliated revenues.
[6] Amounts include affiliated and nonaffiliated revenues.
[7] Amounts include affiliated and nonaffiliated revenues.
[8] Amounts include affiliated and nonaffiliated revenues.