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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Revenue from Contracts with Customers $ 4,281.1 $ 3,747.5
Sales to AEP Affiliates 0.0 0.0
TOTAL REVENUES 4,281.1 3,747.5
Expenses    
Other Operation 592.4 602.1
Maintenance 274.9 249.5
Depreciation and Amortization 696.3 672.2
Taxes Other Than Income Taxes 346.5 321.1
TOTAL EXPENSES 3,470.8 2,995.9
OPERATING INCOME (LOSS) 810.3 751.6
Other Income (Expense):    
Other Income 21.7 (4.4)
Allowance for Equity Funds Used During Construction 33.4 31.4
Non-Service Cost Components of Net Periodic Benefit Cost 29.6 29.7
Interest Expense (290.2) (292.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 604.8 516.2
Income Tax Expense (Benefit) 54.5 46.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 28.5 29.6
Net Income (Loss) 578.8 499.3
Net Income (Loss) Attributable to Noncontrolling Interests 3.8 4.1
Earnings Attributable to Common Shareholders $ 575.0 $ 495.2
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 497,058,635 494,596,869
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.16 $ 1.00
Weighted Average Number of Diluted AEP Common Shares Outstanding 498,164,219 496,608,918
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.15 $ 1.00
Common Stock, Dividends Per Share, Declared $ 0.74 $ 0.70
Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers $ 2,504.5 $ 2,193.0
Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,082.3 1,075.2
Generation and Marketing [Member]    
Revenues    
Revenue from Contracts with Customers 601.7 408.4
Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 92.6 70.9
TOTAL REVENUES 4.8 [1] 19.9 [2]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 1,560.7 1,151.0
AEP Texas Inc. [Member]    
Revenues    
Sales to AEP Affiliates 1.0 31.1
TOTAL REVENUES 364.2 423.6
Expenses    
Other Operation 122.2 117.5
Maintenance 19.1 20.6
Depreciation and Amortization 97.5 162.5
Taxes Other Than Income Taxes 36.3 34.0
TOTAL EXPENSES 275.1 334.6
OPERATING INCOME (LOSS) 89.1 89.0
Other Income (Expense):    
Interest Income 0.2 0.6
Allowance for Equity Funds Used During Construction 4.1 5.1
Non-Service Cost Components of Net Periodic Benefit Cost 2.8 2.8
Interest Expense (43.0) (42.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 53.2 55.0
Income Tax Expense (Benefit) 7.1 7.4
Net Income (Loss) 46.1 47.6
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 361.7 391.6
AEP Texas Inc. [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 1.5 0.9
TOTAL REVENUES 0.0 [3] 30.2 [4]
AEP Transmission Co [Member]    
Revenues    
Sales to AEP Affiliates 285.6 233.7
TOTAL REVENUES 361.7 295.6
Expenses    
Other Operation 21.1 23.8
Maintenance 3.6 3.2
Depreciation and Amortization 70.6 56.0
Taxes Other Than Income Taxes 57.8 50.4
TOTAL EXPENSES 153.1 133.4
OPERATING INCOME (LOSS) 208.6 162.2
Other Income (Expense):    
Interest Income 0.1 0.8
Allowance for Equity Funds Used During Construction 16.7 16.2
Interest Expense (34.1) (29.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 191.3 149.6
Income Tax Expense (Benefit) 39.6 31.8
Net Income (Loss) 151.7 117.8
AEP Transmission Co [Member] | Transmission [Member]    
Revenues    
Revenue from Contracts with Customers 76.0 61.3
AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.1 0.6
TOTAL REVENUES 0.0 [3] 0.0 [4]
Appalachian Power Co [Member]    
Revenues    
Sales to AEP Affiliates 50.1 49.7
TOTAL REVENUES 817.0 749.4
Expenses    
Other Operation 150.4 134.0
Maintenance 65.2 50.3
Depreciation and Amortization 135.8 122.2
Taxes Other Than Income Taxes 37.7 37.9
TOTAL EXPENSES 643.1 578.0
OPERATING INCOME (LOSS) 173.9 171.4
Other Income (Expense):    
Interest Income 0.3 0.3
Allowance for Equity Funds Used During Construction 3.5 2.4
Non-Service Cost Components of Net Periodic Benefit Cost 4.7 4.7
Interest Expense (54.9) (53.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 127.5 125.7
Income Tax Expense (Benefit) 5.0 10.4
Net Income (Loss) 122.5 115.3
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 764.2 697.0
Appalachian Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.7 2.7
TOTAL REVENUES 0.2 [3] 0.0 [4]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 163.9 111.0
Appalachian Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 90.1 122.6
Indiana Michigan Power Co [Member]    
Revenues    
Sales to AEP Affiliates 0.8 2.9
Other Revenues - Affiliated 14.3 12.5
TOTAL REVENUES 564.5 570.3
Expenses    
Purchased Electricity from AEP Affiliates 51.6 36.2
Other Operation 154.6 144.7
Maintenance 49.0 49.1
Depreciation and Amortization 109.2 93.9
Taxes Other Than Income Taxes 26.2 26.4
TOTAL EXPENSES 474.2 453.6
OPERATING INCOME (LOSS) 90.3 116.7
Other Income (Expense):    
Other Income 3.0 2.5
Allowance for Equity Funds Used During Construction 3.5 2.0
Non-Service Cost Components of Net Periodic Benefit Cost 4.1 4.2
Interest Expense (27.3) (30.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 70.1 92.7
Income Tax Expense (Benefit) (0.7) 0.4
Net Income (Loss) 70.8 92.3
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 547.7 553.4
Indiana Michigan Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 1.7 1.5
Sales to AEP Affiliates 16.0 16.0
TOTAL REVENUES 0.0 [3] 0.0 [4]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 36.3 53.2
Indiana Michigan Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 47.3 50.1
Ohio Power Co [Member]    
Revenues    
Sales to AEP Affiliates 4.8 8.4
TOTAL REVENUES 723.9 690.3
Expenses    
Purchased Electricity from AEP Affiliates 30.1 42.4
Other Operation 184.6 177.3
Maintenance 38.7 31.6
Depreciation and Amortization 75.1 70.5
Taxes Other Than Income Taxes 121.3 112.0
TOTAL EXPENSES 625.1 582.9
OPERATING INCOME (LOSS) 98.8 107.4
Other Income (Expense):    
Interest Income 0.2 0.2
Carrying Costs Income 0.5 0.4
Allowance for Equity Funds Used During Construction 2.7 1.9
Non-Service Cost Components of Net Periodic Benefit Cost 3.7 3.8
Interest Expense (31.6) (28.9)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 74.3 84.8
Income Tax Expense (Benefit) 6.1 9.7
Net Income (Loss) 68.2 75.1
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 716.7 679.2
Ohio Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.4 2.7
TOTAL REVENUES 5.3 [3] 6.1 [4]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]    
Expenses    
Cost of Goods and Services Sold 175.3 149.1
Public Service Co Of Oklahoma [Member]    
Revenues    
Sales to AEP Affiliates 1.0 1.1
TOTAL REVENUES 296.1 297.3
Expenses    
Other Operation 79.1 87.2
Maintenance 24.4 24.4
Depreciation and Amortization 49.9 44.7
Taxes Other Than Income Taxes 12.5 11.3
TOTAL EXPENSES 286.8 294.9
OPERATING INCOME (LOSS) 9.3 2.4
Other Income (Expense):    
Interest Income 0.1 0.1
Allowance for Equity Funds Used During Construction 0.4 1.0
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1
Interest Expense (14.4) (15.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS (2.5) (10.2)
Income Tax Expense (Benefit) 0.2 0.1
Net Income (Loss) (2.7) (10.3)
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 293.6 295.4
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 1.5 0.8
TOTAL REVENUES 0.0 [3] 0.0 [4]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 120.9 127.3
Southwestern Electric Power Co [Member]    
Revenues    
Sales to AEP Affiliates 7.8 7.5
TOTAL REVENUES 616.1 385.9
Expenses    
Other Operation 90.3 92.2
Maintenance 34.0 33.8
Depreciation and Amortization 69.6 67.3
Taxes Other Than Income Taxes 30.0 25.3
TOTAL EXPENSES 523.7 350.8
OPERATING INCOME (LOSS) 92.4 35.1
Other Income (Expense):    
Interest Income 1.0 0.6
Allowance for Equity Funds Used During Construction 2.1 1.4
Non-Service Cost Components of Net Periodic Benefit Cost 2.1 2.1
Interest Expense (29.3) (30.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 68.3 9.1
Income Tax Expense (Benefit) 5.6 (6.2)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.7 0.8
Net Income (Loss) 63.4 16.1
Net Income (Loss) Attributable to Noncontrolling Interests 1.0 1.0
Earnings Attributable to Common Shareholders 62.4 15.1
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 607.7 377.6
Southwestern Electric Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 0.6 0.8
TOTAL REVENUES 0.0 [3] 0.0 [4]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold $ 299.8 $ 132.2
[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.