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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenue from Contracts with Customers $ 5,526.1 $ 4,623.0 $ 14,758.4 $ 12,730.6
Sales to AEP Affiliates 0.0 0.0 0.0 0.0
TOTAL REVENUES 5,526.1 4,623.0 14,758.4 12,730.6
Expenses        
Other Operation 797.0 735.3 2,079.0 1,894.6
Maintenance 298.1 277.8 909.6 817.0
Loss On Expected Sale Of KPCo 194.5 0.0 263.3 0.0
Asset Impairments and Other Related Charges 24.9 0.0 24.9 0.0
Establishment of Regulatory Asset (37.0) 0.0 (37.0) 0.0
Gain on Sale of Mineral Rights 0.0 0.0 (116.3) 0.0
Depreciation and Amortization 821.8 700.3 2,416.8 2,103.9
Taxes Other Than Income Taxes 384.8 360.8 1,118.5 1,061.4
TOTAL EXPENSES 4,596.0 3,515.6 11,835.8 10,003.0
OPERATING INCOME (LOSS) 930.1 1,107.4 2,922.6 2,727.6
Other Income (Expense):        
Other Income 4.8 (20.6) (5.6) 34.2
Allowance for Equity Funds Used During Construction 35.6 37.0 95.2 103.9
Non-Service Cost Components of Net Periodic Benefit Cost 47.2 29.6 141.5 88.9
Interest Expense (360.7) (303.7) (1,001.7) (895.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 657.0 849.7 2,152.0 2,059.1
Income Tax Expense (Benefit) (16.1) 69.8 90.7 185.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries 10.2 17.0 (139.1) 75.9
Net Income (Loss) 683.3 796.9 1,922.2 1,949.5
Net Income (Loss) Attributable to Noncontrolling Interests (0.4) 0.9 (0.7) 0.3
Earnings Attributable to Common Shareholders $ 683.7 $ 796.0 $ 1,922.9 $ 1,949.2
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 513,730,196 501,233,680 511,162,723 499,418,278
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.33 $ 1.59 $ 3.76 $ 3.90
Weighted Average Number of Diluted AEP Common Shares Outstanding 515,315,994 502,606,836 512,714,006 500,600,237
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.33 $ 1.58 $ 3.75 $ 3.89
Common Stock, Dividends Per Share, Declared $ 0.78 $ 0.74    
Cash Flow Hedges, Tax $ (19.5) $ 47.8 $ 81.6 $ 97.3
Amortization of Pension and OPEB Deferred Costs, Tax (0.8) (0.5) (4.5) (1.6)
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 3,174.6 2,716.8 8,416.4 7,445.9
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,525.5 1,195.0 4,064.5 3,366.9
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 733.1 617.4 1,997.0 1,641.6
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 92.9 93.8 280.5 276.2
TOTAL REVENUES 128.3 [1] 154.8 [2],[3] 429.4 [4],[5] 188.7 [6],[7]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 2,111.9 1,441.4 5,177.0 4,126.1
AEP Texas Inc. [Member]        
Revenues        
Sales to AEP Affiliates 0.9 0.9 2.6 2.9
TOTAL REVENUES 508.9 432.6 1,404.4 1,195.3
Expenses        
Other Operation 163.8 135.3 431.6 367.1
Maintenance 22.7 22.0 70.1 59.8
Depreciation and Amortization 117.7 87.6 342.7 287.1
Taxes Other Than Income Taxes 45.5 41.6 125.8 117.4
TOTAL EXPENSES 349.7 286.5 970.2 831.4
OPERATING INCOME (LOSS) 159.2 146.1 434.2 363.9
Other Income (Expense):        
Interest Income 1.3 0.2 2.7 0.6
Allowance for Equity Funds Used During Construction 5.2 9.2 13.2 16.7
Non-Service Cost Components of Net Periodic Benefit Cost 4.2 2.8 12.5 8.3
Interest Expense (55.4) (44.2) (153.2) (132.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 114.5 114.1 309.4 257.0
Income Tax Expense (Benefit) 20.9 14.6 56.2 31.6
Net Income (Loss) 93.6 99.5 253.2 225.4
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
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 507.7 430.8 1,399.3 1,189.1
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.3 0.9 2.5 3.3
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
AEP Transmission Co [Member]        
Revenues        
Revenue from Contracts with Customers       0.3
Sales to AEP Affiliates 340.6 297.7 999.5 882.3
Provision for Refund Affiliated (9.3) (0.1) (65.7) (17.7)
Provision for Refund-Nonaffiliated (1.9) 0.0 (12.2) (2.3)
TOTAL REVENUES 418.5 377.0 1,183.3 1,104.2
Expenses        
Other Operation 39.6 32.6 94.7 78.1
Maintenance 4.1 5.4 11.2 12.3
Depreciation and Amortization 87.4 76.0 256.2 219.0
Taxes Other Than Income Taxes 68.7 61.0 203.0 178.9
TOTAL EXPENSES 199.8 175.0 565.1 488.3
OPERATING INCOME (LOSS) 218.7 202.0 618.2 615.9
Other Income (Expense):        
Interest Income 0.7 0.2 1.0 0.4
Allowance for Equity Funds Used During Construction 20.3 16.0 51.2 49.3
Interest Expense (42.7) (36.1) (119.7) (104.5)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 197.0 182.1 550.7 561.1
Income Tax Expense (Benefit) 44.3 36.7 124.1 115.4
Net Income (Loss) 152.7 145.4 426.6 445.7
Earnings Per Share        
Revenues from Related Parties, Net of Provisions for Refund 331.3 297.6 933.8 864.6
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) [12] 0.1 0.1 0.2 0.2
AEP Transmission Co [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers       0.3
Sales to AEP Affiliates 331.3 297.6 933.8 864.6
TOTAL REVENUES 418.5 377.0 1,183.3 1,104.2
Other Income (Expense):        
Net Income (Loss) 152.6 145.3 426.4 445.5
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 89.1 79.2 261.7 241.6
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 87.2 79.2 249.5 239.3
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 87.2 79.2 249.5 239.3
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.2 0.0 0.3
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Appalachian Power Co [Member]        
Revenues        
Sales to AEP Affiliates 67.6 52.4 187.6 140.6
TOTAL REVENUES 888.9 804.0 2,569.8 2,298.0
Expenses        
Other Operation 182.0 173.0 514.0 442.1
Maintenance 69.3 69.1 214.6 184.4
Asset Impairments and Other Related Charges 24.9 0.0 24.9 0.0
Establishment of Regulatory Asset (37.0) 0.0 (37.0) 0.0
Depreciation and Amortization 142.9 135.4 431.0 406.6
Taxes Other Than Income Taxes 41.5 39.8 121.0 116.7
TOTAL EXPENSES 741.6 670.5 2,102.7 1,870.1
OPERATING INCOME (LOSS) 147.3 133.5 467.1 427.9
Other Income (Expense):        
Interest Income 2.6 0.2 3.0 0.8
Allowance for Equity Funds Used During Construction 2.2 4.3 6.8 12.1
Non-Service Cost Components of Net Periodic Benefit Cost 7.3 4.7 21.8 14.2
Interest Expense (61.7) (52.8) (171.1) (160.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 97.7 89.9 327.6 294.4
Income Tax Expense (Benefit) 5.0 3.6 24.5 19.3
Net Income (Loss) 92.7 86.3 303.1 275.1
Earnings Per Share        
Cash Flow Hedges, Tax (0.1) 0.0 (0.2) 2.3
Amortization of Pension and OPEB Deferred Costs, Tax (0.3) (0.2) (0.9) (0.8)
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 818.4 748.5 2,370.4 2,149.2
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.9 3.1 11.8 8.2
TOTAL REVENUES 0.3 [8] 0.0 [9] 0.4 [10] 0.0 [11]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 318.0 253.2 834.2 720.3
Indiana Michigan Power Co [Member]        
Revenues        
Sales to AEP Affiliates 2.0 1.1 11.1 2.6
Other Revenues - Affiliated 13.3 14.7 38.4 41.2
TOTAL REVENUES 715.4 635.7 1,971.6 1,784.0
Expenses        
Purchased Electricity from AEP Affiliates 67.9 63.3 184.6 172.7
Other Operation 162.4 167.5 450.9 482.4
Maintenance 55.9 52.0 167.7 165.4
Depreciation and Amortization 131.6 110.6 400.2 328.7
Taxes Other Than Income Taxes 22.4 27.8 76.2 83.8
TOTAL EXPENSES 590.8 509.8 1,646.8 1,494.8
OPERATING INCOME (LOSS) 124.6 125.9 324.8 289.2
Other Income (Expense):        
Other Income 2.4 2.5 7.4 8.9
Allowance for Equity Funds Used During Construction     7.9 9.7
Non-Service Cost Components of Net Periodic Benefit Cost 6.3 4.1 18.8 12.3
Interest Expense (31.2) (30.2) (92.5) (86.6)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 102.1 102.3 258.5 223.8
Income Tax Expense (Benefit) 8.0 (1.8) 7.7 (8.3)
Net Income (Loss) 94.1 104.1 250.8 232.1
Earnings Per Share        
Cash Flow Hedges, Tax 0.1 0.1 0.3 0.3
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) 0.0 (0.1) 0.0
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 695.7 618.2 1,912.1 1,735.1
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 4.4 1.7 10.0 5.1
Sales to AEP Affiliates 15.0 17.0 44.0 46.0
TOTAL REVENUES 0.0 [8] 0.0 [9] (0.1) [10] 0.0 [11]
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 150.6 88.6 367.2 261.8
Ohio Power Co [Member]        
Revenues        
Sales to AEP Affiliates 4.0 4.3 11.6 21.9
TOTAL REVENUES 1,021.3 767.7 2,674.2 2,196.5
Expenses        
Purchased Electricity from AEP Affiliates 0.0 3.5 9.8 48.0
Other Operation 267.3 245.1 728.2 622.9
Maintenance 47.8 39.3 136.7 116.4
Depreciation and Amortization 70.7 76.9 216.9 228.6
Taxes Other Than Income Taxes 131.0 126.0 379.0 366.2
TOTAL EXPENSES 916.3 675.5 2,345.6 1,895.7
OPERATING INCOME (LOSS) 105.0 92.2 328.6 300.8
Other Income (Expense):        
Interest Income 0.2 0.2 0.8 0.5
Carrying Costs Income 0.0 0.1 0.2 1.1
Allowance for Equity Funds Used During Construction 3.9 2.0 10.3 7.6
Non-Service Cost Components of Net Periodic Benefit Cost 5.6 3.7 16.6 11.0
Interest Expense (29.8) (32.9) (88.8) (96.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 84.9 65.3 267.7 224.8
Income Tax Expense (Benefit) 13.0 8.9 38.6 26.2
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.0 0.0 0.8 0.0
Net Income (Loss) 71.9 56.4 229.9 198.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,015.2 761.0 2,656.6 2,167.8
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.1 2.4 6.0 6.8
TOTAL REVENUES 5.5 [8] 4.9 [9] 18.6 [10] 14.2 [11]
Ohio Power Co [Member] | Purchased Electricity for Resale [Member]        
Expenses        
Cost of Goods and Services Sold 399.5 184.7 875.0 513.6
Public Service Co Of Oklahoma [Member]        
Revenues        
Sales to AEP Affiliates 0.7 1.0 2.1 3.1
TOTAL REVENUES 608.2 483.8 1,438.7 1,124.4
Expenses        
Other Operation 116.3 102.3 301.0 262.7
Maintenance 31.3 21.2 88.0 68.1
Depreciation and Amortization 59.5 48.9 172.7 149.0
Taxes Other Than Income Taxes 15.6 12.1 43.6 37.1
TOTAL EXPENSES 516.3 380.4 1,279.5 957.7
OPERATING INCOME (LOSS) 91.9 103.4 159.2 166.7
Other Income (Expense):        
Other Income 3.0 1.8 8.5 4.5
Non-Service Cost Components of Net Periodic Benefit Cost 3.1 2.1 9.4 6.4
Interest Expense (22.4) (16.2) (62.6) (44.7)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 75.6 91.1 114.5 132.9
Income Tax Expense (Benefit) (31.3) (2.1) (41.2) (3.7)
Net Income (Loss) 106.9 93.2 155.7 136.6
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 606.5 481.3 1,432.9 1,117.4
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.0 1.5 3.7 3.9
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 293.6 195.9 674.2 440.8
Southwestern Electric Power Co [Member]        
Revenues        
Sales to AEP Affiliates 18.2 13.5 43.7 32.2
TOTAL REVENUES 717.5 584.1 1,748.9 1,630.3
Expenses        
Other Operation 114.1 91.7 308.7 270.6
Maintenance 32.9 33.7 107.8 99.5
Depreciation and Amortization 95.8 74.8 251.8 217.4
Taxes Other Than Income Taxes 34.2 28.9 94.9 89.0
TOTAL EXPENSES 567.9 443.5 1,432.3 1,329.2
OPERATING INCOME (LOSS) 149.6 140.6 316.6 301.1
Other Income (Expense):        
Interest Income 2.7 2.8 13.9 6.9
Allowance for Equity Funds Used During Construction 1.0 1.4 3.4 5.4
Non-Service Cost Components of Net Periodic Benefit Cost 3.2 2.1 9.4 6.2
Interest Expense (35.2) (31.7) (102.0) (92.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 121.3 115.2 241.3 227.2
Income Tax Expense (Benefit) (17.8) 6.3 (21.0) 19.0
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.3 1.0 1.0 2.5
Net Income (Loss) 139.4 109.9 263.3 210.7
Net Income (Loss) Attributable to Noncontrolling Interests 0.0 1.0 3.1 2.6
Earnings Attributable to Common Shareholders 139.4 108.9 260.2 208.1
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.1 0.0 0.3
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.1) (0.3) (0.3)
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 698.8 570.1 1,703.7 1,596.6
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.5 0.5 1.5 1.5
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 290.9 214.4 669.1 652.7
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 (425.0) (376.0) (1,190.5) (1,112.2)
TOTAL REVENUES (425.0) (376.0) (1,190.5) (1,112.2)
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] (3.0) [2],[3] (6.9) [4],[5] (8.6) [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.