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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenue from Contracts with Customers $ 4,372.5 $ 4,639.7 $ 9,063.4 $ 9,232.3
TOTAL REVENUES 4,372.5 4,639.7 9,063.4 9,232.3
Expenses        
Other Operation 631.2 619.8 1,311.2 1,282.0
Maintenance 340.0 326.5 657.3 611.5
Loss On Expected Sale Of KPCo 0.0 68.8 0.0 68.8
Gain on Sale of Mineral Rights 0.0 (116.3) 0.0 (116.3)
Depreciation and Amortization 741.6 802.6 1,517.1 1,595.0
Taxes Other Than Income Taxes 360.4 369.5 755.3 733.7
TOTAL EXPENSES 3,497.8 3,635.3 7,483.9 7,239.8
OPERATING INCOME (LOSS) 874.7 1,004.4 1,579.5 1,992.5
Other Income (Expense):        
Other Income 14.4 (12.7) 29.1 (10.4)
Allowance for Equity Funds Used During Construction 41.0 28.6 72.3 59.6
Non-Service Cost Components of Net Periodic Benefit Cost 55.2 47.1 110.7 94.3
Interest Expense (460.0) (327.6) (875.7) (641.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 525.3 739.8 915.9 1,495.0
Income Tax Expense (Benefit) 28.6 54.0 39.0 106.8
Equity Earnings (Loss) of Unconsolidated Subsidiaries 19.4 (165.0) 39.6 (149.3)
Net Income (Loss) 516.1 520.8 916.5 1,238.9
Net Income (Loss) Attributable to Noncontrolling Interests (5.1) (3.7) (1.7) (0.3)
Earnings Attributable to Common Shareholders $ 521.2 $ 524.5 $ 918.2 $ 1,239.2
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 514,879,144 513,623,431 514,529,837 509,857,710
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.01 $ 1.02 $ 1.78 $ 2.43
Weighted Average Number of Diluted AEP Common Shares Outstanding 516,242,919 515,162,210 515,922,446 511,391,735
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.01 $ 1.02 $ 1.78 $ 2.42
Common Stock, Dividends Per Share, Declared $ 0.83 $ 0.78    
Acquisition Of Nuclear Fuel Included In Current Liabilities     $ (36.0) $ 0.0
Cash Flow Hedges, Tax $ 9.3 $ 35.2 (31.2) 101.1
Amortization of Pension and OPEB Deferred Costs, Tax (0.8) (3.1) (5.1) (3.7)
Related Party        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 2,629.0 2,595.0 5,445.3 5,241.8
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,330.8 1,296.8 2,786.1 2,539.0
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 318.2 654.4 645.1 1,263.9
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 94.5 93.5 186.9 187.6
TOTAL REVENUES (128.8) [1] 135.7 [2],[3] (258.7) [4],[5] 301.1 [6],[7]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 1,424.6 1,564.4 3,131.0 3,065.1
AEP Texas Inc. [Member]        
Revenues        
TOTAL REVENUES 461.2 478.8 890.7 895.5
Expenses        
Other Operation 93.9 142.0 240.8 267.8
Maintenance 26.3 24.8 50.7 47.4
Depreciation and Amortization 114.9 116.2 225.9 225.0
Taxes Other Than Income Taxes 44.8 43.0 88.3 80.3
TOTAL EXPENSES 279.9 326.0 605.7 620.5
OPERATING INCOME (LOSS) 181.3 152.8 285.0 275.0
Other Income (Expense):        
Interest Income 0.6 1.3 1.0 1.4
Allowance for Equity Funds Used During Construction 5.3 3.7 11.6 8.0
Non-Service Cost Components of Net Periodic Benefit Cost 4.8 4.1 9.6 8.3
Interest Expense (56.3) (52.3) (113.2) (97.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 135.7 109.6 194.0 194.9
Income Tax Expense (Benefit) 26.6 19.6 37.3 35.3
Net Income (Loss) 109.1 90.0 156.7 159.6
Earnings Per Share        
Cash Flow Hedges, Tax 0.8 0.0 0.8 0.1
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 0.0 (0.1) 0.0
AEP Texas Inc. [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 1.3 0.8 2.5 1.7
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 459.4 476.9 887.1 891.6
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.5 1.1 1.1 2.2
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
AEP Transmission Co [Member]        
Revenues        
Provision for Refund Affiliated (8.3) (46.8) (13.1) (56.4)
Provision for Refund-Nonaffiliated (2.8) (8.3) (3.8) (10.3)
TOTAL REVENUES 444.9 364.4 886.5 764.8
Expenses        
Other Operation 26.4 29.6 55.4 55.1
Maintenance 4.3 3.8 9.2 7.1
Depreciation and Amortization 96.4 85.7 191.6 168.8
Taxes Other Than Income Taxes 68.0 68.7 142.8 134.3
TOTAL EXPENSES 195.1 187.8 399.0 365.3
OPERATING INCOME (LOSS) 249.8 176.6 487.5 399.5
Other Income (Expense):        
Interest Income 2.6 0.2 4.1 0.3
Allowance for Equity Funds Used During Construction 23.1 15.3 39.5 30.9
Interest Expense (50.7) (39.3) (95.9) (77.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 224.8 152.8 435.2 353.7
Income Tax Expense (Benefit) 49.1 34.3 96.8 79.8
Net Income (Loss) 175.7 118.5 338.4 273.9
Earnings Per Share        
Revenues from Related Parties, Net of Provisions for Refund 357.5 287.1 710.1 602.5
AEP Transmission Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 365.8 333.9 723.2 658.9
AEP Transmission Co [Member] | AEPTCo Parent [Member]        
Revenues        
Revenue from Contracts with Customers 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] 1.5 0.1 2.6 0.1
AEP Transmission Co [Member] | AEPTCo Parent [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
AEP Transmission Co [Member] | State Transcos [Member]        
Revenues        
TOTAL REVENUES 444.9 364.4 886.5 764.8
Other Income (Expense):        
Net Income (Loss) 174.2 118.4 335.8 273.8
AEP Transmission Co [Member] | State Transcos [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 357.5 287.1 710.1 602.5
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 90.2 85.6 180.2 172.6
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 87.4 77.3 176.4 162.3
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 87.4 77.3 176.4 162.3
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.0 [11]
Appalachian Power Co [Member]        
Revenues        
TOTAL REVENUES 826.5 773.6 1,814.2 1,680.9
Expenses        
Other Operation 189.9 147.1 381.7 332.0
Maintenance 75.1 71.2 148.2 145.3
Depreciation and Amortization 138.1 142.9 281.1 288.1
Taxes Other Than Income Taxes 41.2 39.3 83.0 79.5
TOTAL EXPENSES 722.2 646.2 1,511.6 1,361.1
OPERATING INCOME (LOSS) 104.3 127.4 302.6 319.8
Other Income (Expense):        
Interest Income 0.8 0.3 1.4 0.4
Allowance for Equity Funds Used During Construction 2.7 2.6 5.1 4.6
Non-Service Cost Components of Net Periodic Benefit Cost 8.2 7.2 16.3 14.5
Interest Expense (66.9) (55.1) (132.2) (109.4)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 49.1 82.4 193.2 229.9
Income Tax Expense (Benefit) 6.2 (7.8) 37.8 19.5
Net Income (Loss) 42.9 90.2 155.4 210.4
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 (0.1) (0.1)
Amortization of Pension and OPEB Deferred Costs, Tax (0.2) (0.3) (0.4) (0.6)
Appalachian Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 61.1 63.1 130.7 120.0
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 762.5 704.9 1,677.0 1,552.0
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.9 5.6 6.5 8.9
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] 0.1 [11]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 277.9 245.7 617.6 516.2
Indiana Michigan Power Co [Member]        
Revenues        
TOTAL REVENUES 599.2 631.0 1,262.2 1,256.2
Expenses        
Purchased Electricity from AEP Affiliates 37.1 59.6 82.2 116.7
Other Operation 170.1 149.2 339.8 288.5
Maintenance 57.1 60.8 115.7 111.8
Depreciation and Amortization 111.0 133.7 236.2 268.6
Taxes Other Than Income Taxes 20.6 28.6 40.1 53.8
TOTAL EXPENSES 489.8 542.8 1,007.1 1,056.0
OPERATING INCOME (LOSS) 109.4 88.2 255.1 200.2
Other Income (Expense):        
Other Income 3.0 2.4 3.6 5.0
Allowance for Equity Funds Used During Construction     2.8 5.4
Non-Service Cost Components of Net Periodic Benefit Cost 7.7 6.2 15.7 12.5
Interest Expense (35.8) (31.0) (69.0) (61.3)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 84.3 65.8 205.4 156.4
Income Tax Expense (Benefit) 9.5 (1.4) 27.8 (0.3)
Net Income (Loss) 74.8 67.2 177.6 156.7
Earnings Per Share        
Acquisition Of Nuclear Fuel Included In Current Liabilities     (36.0) 0.0
Cash Flow Hedges, Tax 0.0 0.1 (0.2) 0.2
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) 0.0 (0.6) 0.0
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 580.4 604.4 1,223.2 1,216.4
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.4 2.8 5.5 5.6
TOTAL REVENUES 0.0 [8] 0.0 [9] 0.0 [10] (0.1) [11]
Indiana Michigan Power Co [Member] | Other Revenues [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers   19.0 35.0 29.0
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 93.9 110.9 193.1 216.6
Ohio Power Co [Member]        
Revenues        
TOTAL REVENUES 879.1 822.9 1,913.7 1,652.9
Expenses        
Purchased Electricity from AEP Affiliates 11.6 3.5 11.6 9.8
Other Operation 265.4 223.3 539.2 460.9
Maintenance 51.2 48.5 95.5 88.9
Depreciation and Amortization 68.2 71.3 143.4 146.2
Taxes Other Than Income Taxes 114.2 121.0 249.5 248.0
TOTAL EXPENSES 778.2 716.8 1,699.4 1,429.3
OPERATING INCOME (LOSS) 100.9 106.1 214.3 223.6
Other Income (Expense):        
Other Income 0.2 0.6 0.3 0.8
Allowance for Equity Funds Used During Construction 2.9 3.4 5.7 6.4
Non-Service Cost Components of Net Periodic Benefit Cost 6.5 5.5 13.0 11.0
Interest Expense (31.9) (29.8) (63.0) (59.0)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 78.6 85.8 170.3 182.8
Income Tax Expense (Benefit) 10.9 11.8 24.6 25.6
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.0 0.8 0.0 0.8
Net Income (Loss) 67.7 74.8 145.7 158.0
Ohio Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 8.2 3.9 15.8 7.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 868.8 817.2 1,890.6 1,641.4
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.1 1.8 7.3 3.9
TOTAL REVENUES 6.0 [8] 6.8 [9] 17.1 [10] 13.1 [11]
Ohio Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 267.6 249.2 660.2 475.5
Public Service Co Of Oklahoma [Member]        
Revenues        
TOTAL REVENUES 474.7 442.9 891.7 830.5
Expenses        
Other Operation 87.5 95.9 179.6 184.7
Maintenance 28.5 31.3 57.3 56.7
Depreciation and Amortization 64.9 60.5 126.0 113.2
Taxes Other Than Income Taxes 15.0 13.8 32.3 28.0
TOTAL EXPENSES 419.0 393.4 818.4 763.2
OPERATING INCOME (LOSS) 55.7 49.5 73.3 67.3
Other Income (Expense):        
Interest Income 0.1 2.5 1.1 4.2
Allowance for Equity Funds Used During Construction 1.4 0.2 2.9 1.3
Non-Service Cost Components of Net Periodic Benefit Cost 3.5 3.2 7.1 6.3
Interest Expense (26.8) (21.3) (52.0) (40.2)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 33.9 34.1 32.4 38.9
Income Tax Expense (Benefit) (17.1) (8.9) (16.3) (9.9)
Net Income (Loss) 51.0 43.0 48.7 48.8
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 (0.4) 0.0
Public Service Co Of Oklahoma [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.1 0.8 0.8 1.4
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 472.4 440.0 887.2 826.4
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.2 2.1 3.7 2.7
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 223.1 191.9 423.2 380.6
Southwestern Electric Power Co [Member]        
Revenues        
TOTAL REVENUES 537.8 536.6 1,053.7 1,031.4
Expenses        
Other Operation 85.2 103.1 184.4 194.6
Maintenance 45.0 44.8 82.7 74.9
Depreciation and Amortization 85.8 78.2 166.2 156.0
Taxes Other Than Income Taxes 32.1 30.9 68.2 60.7
TOTAL EXPENSES 438.0 437.0 900.7 864.4
OPERATING INCOME (LOSS) 99.8 99.6 153.0 167.0
Other Income (Expense):        
Interest Income 5.3 7.6 10.7 11.2
Allowance for Equity Funds Used During Construction 2.5 0.8 3.0 2.4
Non-Service Cost Components of Net Periodic Benefit Cost 3.4 3.1 6.8 6.2
Interest Expense (40.1) (33.7) (65.1) (66.8)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS 70.9 77.4 108.4 120.0
Income Tax Expense (Benefit) (10.0) (1.0) (14.0) (3.2)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.4 0.4 0.7 0.7
Net Income (Loss) 81.3 78.8 123.1 123.9
Net Income (Loss) Attributable to Noncontrolling Interests 0.3 2.1 1.5 3.1
Earnings Attributable to Common Shareholders 81.0 76.7 121.6 120.8
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 0.1 0.0
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 522.5 520.7 1,026.2 1,004.9
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.8 0.4 1.3 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 189.9 180.0 399.2 378.2
Mineral Rights        
Expenses        
Gain on Sale of Mineral Rights     0.0 (116.3)
Reconciling Adjustments [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
TOTAL REVENUES (464.2) (373.3) (907.9) (765.5)
Other Income (Expense):        
Net Income (Loss) 0.0 0.0 0.0 0.0
Reconciling Adjustments [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers (464.2) (373.3) (907.9) (765.5)
Reconciling Adjustments [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES (2.0) [1] (2.0) [2],[3] (2.9) [4],[5] (4.9) [6],[7]
Reconciling Adjustments [Member] | AEP Transmission Co [Member]        
Revenues        
Revenue from Contracts with Customers 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
Reconciling Adjustments [Member] | AEP Transmission Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
Competitive Contracted Renewable Portfolio        
Expenses        
Asset Impairments and Other Related Charges $ 0.0 $ 0.0 $ 112.0 $ 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.