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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenue from Contracts with Customers $ 4,639.7 $ 3,826.5 $ 9,232.3 $ 8,107.6
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 4,639.7 3,826.5 9,232.3 8,107.6
Expenses        
Other Operation 619.8 566.9 1,282.0 1,159.3
Maintenance 326.5 264.3 611.5 539.2
Loss on the Expected Sale of the Kentucky Operations 68.8 0.0 68.8 0.0
Gain on Sale of Mineral Rights (116.3) 0.0 (116.3) 0.0
Depreciation and Amortization 802.6 707.3 1,595.0 1,403.6
Taxes Other Than Income Taxes 369.5 354.1 733.7 700.6
TOTAL EXPENSES 3,635.3 3,016.6 7,239.8 6,487.4
OPERATING INCOME (LOSS) 1,004.4 809.9 1,992.5 1,620.2
Other Income (Expense):        
Other Income (12.7) 33.1 (10.4) 54.8
Allowance for Equity Funds Used During Construction 28.6 33.5 59.6 66.9
Non-Service Cost Components of Net Periodic Benefit Cost 47.1 29.7 94.3 59.3
Interest Expense (327.6) (301.6) (641.0) (591.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 739.8 604.6 1,495.0 1,209.4
Income Tax Expense (Benefit) 54.0 61.2 106.8 115.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries (165.0) 30.4 (149.3) 58.9
Net Income (Loss) 520.8 573.8 1,238.9 1,152.6
Net Income (Loss) Attributable to Noncontrolling Interests (3.7) (4.4) (0.3) (0.6)
Earnings Attributable to Common Shareholders $ 524.5 $ 578.2 $ 1,239.2 $ 1,153.2
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 513,623,431 499,916,640 509,857,710 498,495,532
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.02 $ 1.16 $ 2.43 $ 2.31
Weighted Average Number of Diluted AEP Common Shares Outstanding 515,162,210 500,983,778 511,391,735 499,581,893
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.02 $ 1.15 $ 2.42 $ 2.31
Common Stock, Dividends Per Share, Declared $ 0.78 $ 0.74    
Cash Flow Hedges, Tax $ 35.2 $ 34.5 $ 101.1 $ 49.5
Amortization of Pension and OPEB Deferred Costs, Tax (3.1) (0.6) (3.7) (1.1)
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 2,595.0 2,224.6 5,241.8 4,729.1
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,296.8 1,089.6 2,539.0 2,171.9
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 654.4 422.5 1,263.9 1,024.2
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 93.5 89.8 187.6 182.4
TOTAL REVENUES 135.7 [1] 29.1 [2],[3] 301.1 [4],[5] 33.9 [6],[7]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 1,564.4 1,124.0 3,065.1 2,684.7
AEP Texas Inc. [Member]        
Revenues        
Sales to AEP Affiliates 0.8 1.0 1.7 2.0
TOTAL REVENUES 478.8 398.5 895.5 762.7
Expenses        
Other Operation 142.0 109.6 267.8 231.8
Maintenance 24.8 18.7 47.4 37.8
Depreciation and Amortization 116.2 102.0 225.0 199.5
Taxes Other Than Income Taxes 43.0 39.5 80.3 75.8
TOTAL EXPENSES 326.0 269.8 620.5 544.9
OPERATING INCOME (LOSS) 152.8 128.7 275.0 217.8
Other Income (Expense):        
Interest Income 1.3 0.2 1.4 0.4
Allowance for Equity Funds Used During Construction 3.7 3.4 8.0 7.5
Non-Service Cost Components of Net Periodic Benefit Cost 4.1 2.7 8.3 5.5
Interest Expense (52.3) (45.3) (97.8) (88.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 109.6 89.7 194.9 142.9
Income Tax Expense (Benefit) 19.6 9.9 35.3 17.0
Net Income (Loss) 90.0 79.8 159.6 125.9
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 0.1 0.1
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 0.0 0.0 0.0
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 476.9 396.6 891.6 758.3
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.1 0.9 2.2 2.4
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
AEP Transmission Co [Member]        
Revenues        
Revenue from Contracts with Customers       0.1
Sales to AEP Affiliates 333.9 299.0 658.9 584.6
Provision for Refund Affiliated (46.8) (17.6) (56.4) (17.6)
Provision for Refund-Nonaffiliated (8.3) (2.0) (10.3) (2.3)
TOTAL REVENUES 364.4 365.5 764.8 727.2
Expenses        
Other Operation 29.6 24.4 55.1 45.5
Maintenance 3.8 3.3 7.1 6.9
Depreciation and Amortization 85.7 72.4 168.8 143.0
Taxes Other Than Income Taxes 68.7 60.1 134.3 117.9
TOTAL EXPENSES 187.8 160.2 365.3 313.3
OPERATING INCOME (LOSS) 176.6 205.3 399.5 413.9
Other Income (Expense):        
Interest Income 0.2 0.1 0.3 0.2
Allowance for Equity Funds Used During Construction 15.3 16.6 30.9 33.3
Interest Expense (39.3) (34.3) (77.0) (68.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 152.8 187.7 353.7 379.0
Income Tax Expense (Benefit) 34.3 39.1 79.8 78.7
Net Income (Loss) 118.5 148.6 273.9 300.3
Earnings Per Share        
Revenues from Related Parties, Net of Provisions for Refund 287.1 281.4 602.5 567.0
AEP Transmission Co [Member] | AEPTCo Parent [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 0.0 0.0 0.0 0.0
Other Income (Expense):        
Net Income (Loss) 0.1 [12] 0.1 0.1 [12] 0.1
AEP Transmission Co [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers       0.1
Sales to AEP Affiliates 287.1 281.4 602.5 567.0
TOTAL REVENUES 364.4 365.5 764.8 727.2
Other Income (Expense):        
Net Income (Loss) 118.4 148.5 273.8 300.2
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 85.6 86.1 172.6 162.4
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 77.3 84.1 162.3 160.1
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 77.3 84.1 162.3 160.1
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.1
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Appalachian Power Co [Member]        
Revenues        
Sales to AEP Affiliates 63.1 38.1 120.0 88.2
TOTAL REVENUES 773.6 677.0 1,680.9 1,494.0
Expenses        
Other Operation 147.1 118.7 332.0 269.1
Maintenance 71.2 50.1 145.3 115.3
Depreciation and Amortization 142.9 135.4 288.1 271.2
Taxes Other Than Income Taxes 39.3 39.2 79.5 76.9
TOTAL EXPENSES 646.2 556.5 1,361.1 1,199.6
OPERATING INCOME (LOSS) 127.4 120.5 319.8 294.4
Other Income (Expense):        
Interest Income 0.3 0.3 0.4 0.6
Allowance for Equity Funds Used During Construction 2.6 4.3 4.6 7.8
Non-Service Cost Components of Net Periodic Benefit Cost 7.2 4.8 14.5 9.5
Interest Expense (55.1) (52.9) (109.4) (107.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 82.4 77.0 229.9 204.5
Income Tax Expense (Benefit) (7.8) 10.7 19.5 15.7
Net Income (Loss) 90.2 66.3 210.4 188.8
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 (0.1) (0.1) 2.3
Amortization of Pension and OPEB Deferred Costs, Tax (0.3) (0.3) (0.6) (0.6)
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 704.9 636.5 1,552.0 1,400.7
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 5.6 2.4 8.9 5.1
TOTAL REVENUES 0.0 [8] (0.2) [9] 0.1 [10] 0.0 [11]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 245.7 213.1 516.2 467.1
Indiana Michigan Power Co [Member]        
Revenues        
Sales to AEP Affiliates 7.1 0.7 9.1 1.5
Other Revenues - Affiliated 16.7 12.2 25.1 26.5
TOTAL REVENUES 631.0 583.8 1,256.2 1,148.3
Expenses        
Purchased Electricity from AEP Affiliates 59.6 57.8 116.7 109.4
Other Operation 149.2 160.3 288.5 314.9
Maintenance 60.8 64.4 111.8 113.4
Depreciation and Amortization 133.7 108.9 268.6 218.1
Taxes Other Than Income Taxes 28.6 29.8 53.8 56.0
TOTAL EXPENSES 542.8 510.8 1,056.0 985.0
OPERATING INCOME (LOSS) 88.2 73.0 200.2 163.3
Other Income (Expense):        
Other Income 2.4 3.4 5.0 6.4
Allowance for Equity Funds Used During Construction     5.4 7.0
Non-Service Cost Components of Net Periodic Benefit Cost 6.2 4.1 12.5 8.2
Interest Expense (31.0) (29.1) (61.3) (56.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 65.8 51.4 156.4 121.5
Income Tax Expense (Benefit) (1.4) (5.8) (0.3) (6.5)
Net Income (Loss) 67.2 57.2 156.7 128.0
Earnings Per Share        
Cash Flow Hedges, Tax 0.1 0.1 0.2 0.2
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 0.0 0.0 0.0
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 604.4 569.2 1,216.4 1,116.9
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.8 1.7 5.6 3.4
Sales to AEP Affiliates 19.0 13.0 29.0 29.0
TOTAL REVENUES 0.0 [8] 0.0 [9] (0.1) [10] 0.0 [11]
Indiana Michigan Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 110.9 89.6 216.6 173.2
Ohio Power Co [Member]        
Revenues        
Sales to AEP Affiliates 3.9 12.8 7.6 17.6
TOTAL REVENUES 822.9 704.9 1,652.9 1,428.8
Expenses        
Purchased Electricity from AEP Affiliates 3.5 14.4 9.8 44.5
Other Operation 223.3 193.2 460.9 377.8
Maintenance 48.5 38.4 88.9 77.1
Depreciation and Amortization 71.3 76.6 146.2 151.7
Taxes Other Than Income Taxes 121.0 118.9 248.0 240.2
TOTAL EXPENSES 716.8 595.1 1,429.3 1,220.2
OPERATING INCOME (LOSS) 106.1 109.8 223.6 208.6
Other Income (Expense):        
Interest Income 0.5 0.1 0.6 0.3
Carrying Costs Income 0.1 0.5 0.2 1.0
Allowance for Equity Funds Used During Construction 3.4 2.9 6.4 5.6
Non-Service Cost Components of Net Periodic Benefit Cost 5.5 3.6 11.0 7.3
Interest Expense (29.8) (31.7) (59.0) (63.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 85.8 85.2 182.8 159.5
Income Tax Expense (Benefit) 11.8 11.2 25.6 17.3
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.8 0.0 0.8 0.0
Net Income (Loss) 74.8 74.0 158.0 142.2
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 817.2 690.1 1,641.4 1,406.8
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.8 2.0 3.9 4.4
TOTAL REVENUES 6.8 [8] 4.0 [9] 13.1 [10] 9.3 [11]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 249.2 153.6 475.5 328.9
Public Service Co Of Oklahoma [Member]        
Revenues        
Sales to AEP Affiliates 0.8 1.1 1.4 2.1
TOTAL REVENUES 442.9 344.5 830.5 640.6
Expenses        
Other Operation 95.9 81.3 184.7 160.4
Maintenance 31.3 22.5 56.7 46.9
Depreciation and Amortization 60.5 50.2 113.2 100.1
Taxes Other Than Income Taxes 13.8 12.5 28.0 25.0
TOTAL EXPENSES 393.4 290.5 763.2 577.3
OPERATING INCOME (LOSS) 49.5 54.0 67.3 63.3
Other Income (Expense):        
Interest Income 2.5 1.6 4.2 1.7
Allowance for Equity Funds Used During Construction 0.2 0.6 1.3 1.0
Non-Service Cost Components of Net Periodic Benefit Cost 3.2 2.2 6.3 4.3
Interest Expense (21.3) (14.1) (40.2) (28.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 34.1 44.3 38.9 41.8
Income Tax Expense (Benefit) (8.9) (1.8) (9.9) (1.6)
Net Income (Loss) 43.0 46.1 48.8 43.4
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 0.0 0.0
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 440.0 342.5 826.4 636.1
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.1 0.9 2.7 2.4
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 191.9 124.0 380.6 244.9
Southwestern Electric Power Co [Member]        
Revenues        
Sales to AEP Affiliates 15.5 10.9 25.5 18.7
TOTAL REVENUES 536.6 430.1 1,031.4 1,046.2
Expenses        
Other Operation 103.1 88.6 194.6 178.9
Maintenance 44.8 31.8 74.9 65.8
Depreciation and Amortization 78.2 73.0 156.0 142.6
Taxes Other Than Income Taxes 30.9 30.1 60.7 60.1
TOTAL EXPENSES 437.0 362.0 864.4 885.7
OPERATING INCOME (LOSS) 99.6 68.1 167.0 160.5
Other Income (Expense):        
Interest Income 7.6 3.1 11.2 4.1
Allowance for Equity Funds Used During Construction 0.8 1.9 2.4 4.0
Non-Service Cost Components of Net Periodic Benefit Cost 3.1 2.0 6.2 4.1
Interest Expense (33.7) (31.4) (66.8) (60.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 77.4 43.7 120.0 112.0
Income Tax Expense (Benefit) (1.0) 7.1 (3.2) 12.7
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.4 0.8 0.7 1.5
Net Income (Loss) 78.8 37.4 123.9 100.8
Net Income (Loss) Attributable to Noncontrolling Interests 2.1 0.6 3.1 1.6
Earnings Attributable to Common Shareholders 76.7 36.8 120.8 99.2
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.1 0.0 0.2
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.1) (0.2) (0.2)
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 520.7 418.8 1,004.9 1,026.5
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.4 0.4 1.0 1.0
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 180.0 138.5 378.2 438.3
Mineral Rights        
Expenses        
Gain on Sale of Mineral Rights     (116.3) 0.0
Reconciling Adjustments [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Sales to AEP Affiliates (373.3) (367.8) (765.5) (736.2)
TOTAL REVENUES (373.3) (367.8) (765.5) (736.2)
Other Income (Expense):        
Net Income (Loss) 0.0 0.0 0.0 0.0
Reconciling Adjustments [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES (2.0) [1] (2.0) [2],[3] (4.9) [4],[5] (5.6) [6],[7]
Reconciling Adjustments [Member] | AEP Transmission Co [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 0.0 0.0 0.0 0.0
Other Income (Expense):        
Net Income (Loss) $ 0.0 $ 0.0 $ 0.0 $ 0.0
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Amounts include affiliated and nonaffiliated revenues
[3] Generation & Marketing includes economic hedge activity.
[4] Amounts include affiliated and nonaffiliated revenues.
[5] Generation & Marketing includes economic hedge activity.
[6] Amounts include affiliated and nonaffiliated revenues.
[7] Generation & Marketing includes economic hedge activity.
[8] Amounts include affiliated and nonaffiliated revenues.
[9] Amounts include affiliated and nonaffiliated revenues.
[10] Amounts include affiliated and nonaffiliated revenues.
[11] Amounts include affiliated and nonaffiliated revenues.
[12] Includes the elimination of AEPTCo Parent’s equity earnings in the State Transcos.