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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2023
Disaggregated Revenues from Contracts with Customers
Three Months Ended June 30, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$962.0 $574.1 $— $— $— $— $1,536.1 
Commercial Revenues642.7 358.3 — — — — 1,001.0 
Industrial Revenues698.9 152.1 — — — (0.1)850.9 
Other Retail Revenues58.9 12.3 — — — — 71.2 
Total Retail Revenues2,362.5 1,096.8 — — — (0.1)3,459.2 
Wholesale and Competitive Retail Revenues:
Generation Revenues 141.4 — — 19.6 — 0.1 161.1 
Transmission Revenues (a)113.5 184.1 455.8 — — (402.8)350.6 
Renewable Generation Revenues (b)— — — 33.1 — (3.1)30.0 
Retail, Trading and Marketing Revenues (b)— — — 407.7 1.2 (10.1)398.8 
Total Wholesale and Competitive Retail Revenues
254.9 184.1 455.8 460.4 1.2 (415.9)940.5 
Other Revenues from Contracts with Customers (c)61.9 56.1 4.3 6.2 28.6 (39.9)117.2 
Total Revenues from Contracts with Customers
2,679.3 1,337.0 460.1 466.6 29.8 (455.9)4,516.9 
Other Revenues:
Alternative Revenue Programs (b) (d)(4.9)(2.9)(1.5)— — (6.3)(15.6)
Other Revenues (b) (e)0.1 6.1 — (135.2)2.2 (2.0)(128.8)
Total Other Revenues(4.8)3.2 (1.5)(135.2)2.2 (8.3)(144.4)
Total Revenues$2,674.5 $1,340.2 $458.6 $331.4 $32.0 $(464.2)$4,372.5 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $360 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $26 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Three Months Ended June 30, 2022
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$979.3 $561.6 $— $— $— $— $1,540.9 
Commercial Revenues624.8 331.7 — — — — 956.5 
Industrial Revenues641.8 162.5 — — — — 804.3 
Other Retail Revenues52.9 12.8 — — — — 65.7 
Total Retail Revenues2,298.8 1,068.6 — — — — 3,367.4 
Wholesale and Competitive Retail Revenues:
Generation Revenues 188.3 — — 83.0 — 0.1 271.4 
Transmission Revenues (a)108.8 164.9 421.6 — — (332.0)363.3 
Renewable Generation Revenues (b)— — — 38.2 — (2.9)35.3 
Retail, Trading and Marketing Revenues (b)— — — 408.3 1.3 (2.3)407.3 
Total Wholesale and Competitive Retail Revenues
297.1 164.9 421.6 529.5 1.3 (337.1)1,077.3 
Other Revenues from Contracts with Customers (c)49.2 65.9 0.2 1.6 20.9 (21.1)116.7 
Total Revenues from Contracts with Customers
2,645.1 1,299.4 421.8 531.1 22.2 (358.2)4,561.4 
Other Revenues:
Alternative Revenue Programs (b) (d)3.3 (4.6)(43.0)— — (13.1)(57.4)
Other Revenues (b) (e)0.1 6.8 — 128.5 2.3 (2.0)135.7 
Total Other Revenues3.4 2.2 (43.0)128.5 2.3 (15.1)78.3 
Total Revenues$2,648.5 $1,301.6 $378.8 $659.6 $24.5 $(373.3)$4,639.7 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $334 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Vertically Integrated Utilities was $5 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Three Months Ended June 30, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$144.9 $— $324.8 $185.2 $429.3 $186.5 $185.1 
Commercial Revenues100.6 — 163.6 141.4 257.8 131.7 153.8 
Industrial Revenues35.2 — 192.5 155.9 116.8 107.8 110.6 
Other Retail Revenues8.7 — 25.2 1.2 3.6 28.3 2.6 
Total Retail Revenues289.4 — 706.1 483.7 807.5 454.3 452.1 
Wholesale Revenues:
Generation Revenues (a)— — 64.2 63.5 — 4.3 43.9 
Transmission Revenues (b)163.1 444.7 43.9 9.6 21.0 9.9 38.3 
Total Wholesale Revenues163.1 444.7 108.1 73.1 21.0 14.2 82.2 
Other Revenues from Contracts with Customers (c)
10.7 4.1 11.8 45.0 45.5 7.2 7.0 
Total Revenues from Contracts with Customers
463.2 448.8 826.0 601.8 874.0 475.7 541.3 
Other Revenues:
Alternative Revenue Programs (d) (e)(2.0)(3.9)0.5 (2.6)(0.9)(1.0)(3.5)
Other Revenues (e)— — — — 6.0 — — 
Total Other Revenues(2.0)(3.9)0.5 (2.6)5.1 (1.0)(3.5)
Total Revenues$461.2 $444.9 $826.5 $599.2 $879.1 $474.7 $537.8 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $38 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $357 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $17 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Three Months Ended June 30, 2022
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$174.9 $— $313.2 $195.2 $386.7 $185.2 $188.6 
Commercial Revenues110.6 — 152.6 138.6 221.1 121.2 146.0 
Industrial Revenues36.6 — 161.9 160.0 126.0 92.5 97.1 
Other Retail Revenues9.5 — 20.2 1.2 3.4 25.8 4.4 
Total Retail Revenues331.6 — 647.9 495.0 737.2 424.7 436.1 
Wholesale Revenues:
Generation Revenues (a)— — 63.5 94.2 — 0.3 57.4 
Transmission Revenues (b)143.8 406.1 40.8 8.7 21.1 9.1 39.3 
Total Wholesale Revenues143.8 406.1 104.3 102.9 21.1 9.4 96.7 
Other Revenues from Contracts with Customers (c)
5.6 0.2 20.6 25.8 60.2 9.6 6.0 
Total Revenues from Contracts with Customers
481.0 406.3 772.8 623.7 818.5 443.7 538.8 
Other Revenues:
Alternative Revenue Programs (d) (e)(2.2)(41.9)0.8 7.3 (2.4)(0.8)(2.2)
Other Revenues (e)— — — — 6.8 — — 
Total Other Revenues(2.2)(41.9)0.8 7.3 4.4 (0.8)(2.2)
Total Revenues$478.8 $364.4 $773.6 $631.0 $822.9 $442.9 $536.6 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $42 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $330 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $19 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Six Months Ended June 30, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$2,132.4 $1,230.9 $— $— $— $— $3,363.3 
Commercial Revenues1,276.1 734.2 — — — — 2,010.3 
Industrial Revenues (a)1,369.2 365.0 — — — (0.3)1,733.9 
Other Retail Revenues115.7 24.4 — — — — 140.1 
Total Retail Revenues4,893.4 2,354.5 — — — (0.3)7,247.6 
Wholesale and Competitive Retail Revenues:
Generation Revenues324.2 — — 52.0 — 0.1 376.3 
Transmission Revenues (b)228.2 348.3 905.9 — — (804.6)677.8 
Renewable Generation Revenues (a)— — — 54.4 — (3.2)51.2 
Retail, Trading and Marketing Revenues (c)— — — 821.4 0.9 (10.0)812.3 
Total Wholesale and Competitive Retail Revenues552.4 348.3 905.9 927.8 0.9 (817.7)1,917.6 
Other Revenues from Contracts with Customers (d)94.5 98.9 7.9 6.8 58.0 (83.6)182.5 
Total Revenues from Contracts with Customers
5,540.3 2,801.7 913.8 934.6 58.9 (901.6)9,347.7 
Other Revenues:
Alternative Revenue Programs (a) (e)(8.0)(14.5)0.3 — — (3.4)(25.6)
Other Revenues (a) (f)— 17.2 — (276.2)3.2 (2.9)(258.7)
Total Other Revenues(8.0)2.7 0.3 (276.2)3.2 (6.3)(284.3)
Total Revenues$5,532.3 $2,804.4 $914.1 $658.4 $62.1 $(907.9)$9,063.4 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $712 million. The affiliated revenue for Vertically Integrated Utilities was $80 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $10 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $55 million. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(f)Generation & Marketing includes economic hedge activity.
Six Months Ended June 30, 2022
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$2,130.1 $1,162.2 $— $— $— $— $3,292.3 
Commercial Revenues1,197.7 621.4 — — — — 1,819.1 
Industrial Revenues1,204.8 295.8 — — — (0.4)1,500.2 
Other Retail Revenues100.3 24.4 — — — — 124.7 
Total Retail Revenues4,632.9 2,103.8 — — — (0.4)6,736.3 
Wholesale and Competitive Retail Revenues:
Generation Revenues375.5 — — 123.3 — 0.1 498.9 
Transmission Revenues (a)214.1 319.8 836.1 — — (693.8)676.2 
Renewable Generation Revenues (b)— — — 60.6 — (3.7)56.9 
Retail, Trading and Marketing Revenues (c)
— — — 797.1 4.5 (11.3)790.3 
Total Wholesale and Competitive Retail Revenues
589.6 319.8 836.1 981.0 4.5 (708.7)2,022.3 
Other Revenues from Contracts with Customers (d)110.8 119.7 — 10.2 34.8 (39.7)235.8 
Total Revenues from Contracts with Customers
5,333.3 2,543.3 836.1 991.2 39.3 (748.8)8,994.4 
Other Revenues:
Alternative Revenue Programs (b) (e)2.5 (8.0)(45.9)— — (11.8)(63.2)
Other Revenues (b) (f)0.1 13.1 — 287.7 5.1 (4.9)301.1 
Total Other Revenues2.6 5.1 (45.9)287.7 5.1 (16.7)237.9 
Total Revenues$5,335.9 $2,548.4 $790.2 $1,278.9 $44.4 $(765.5)$9,232.3 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $661 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $11 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $19 million. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(f)Generation & Marketing includes economic hedge activity.
Six Months Ended June 30, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$275.6 $— $795.3 $424.8 $955.3 $357.4 $361.0 
Commercial Revenues197.9 — 334.9 280.3 536.3 240.8 297.3 
Industrial Revenues (a)74.5 — 378.3 308.5 290.4 206.1 214.8 
Other Retail Revenues17.0 — 51.4 2.5 7.4 52.5 5.2 
Total Retail Revenues565.0 — 1,559.9 1,016.1 1,789.4 856.8 878.3 
Wholesale Revenues:
Generation Revenues (b)— — 144.4 167.5 — 5.2 83.5 
Transmission Revenues (c)309.4 883.4 85.3 17.7 38.9 21.2 81.2 
Total Wholesale Revenues309.4 883.4 229.7 185.2 38.9 26.4 164.7 
Other Revenues from Contracts with Customers (d)20.4 7.8 24.8 66.4 78.7 9.5 14.9 
Total Revenues from Contracts with Customers
894.8 891.2 1,814.4 1,267.7 1,907.0 892.7 1,057.9 
Other Revenues:
Alternative Revenue Program (a) (e)(4.1)(4.7)(0.2)(5.5)(10.4)(1.0)(4.2)
Other Revenues (a)— — — — 17.1 — — 
Total Other Revenues(4.1)(4.7)(0.2)(5.5)6.7 (1.0)(4.2)
Total Revenues$890.7 $886.5 $1,814.2 $1,262.2 $1,913.7 $891.7 $1,053.7 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $85 million primarily relating to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $706 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $35 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
Six Months Ended June 30, 2022
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$316.8 $— $771.2 $427.0 $845.4 $351.1 $364.5 
Commercial Revenues205.5 — 306.5 265.2 415.8 218.7 276.5 
Industrial Revenues67.2 — 315.7 296.5 228.7 171.1 181.8 
Other Retail Revenues17.7 — 40.8 2.5 6.7 47.0 6.8 
Total Retail Revenues607.2 — 1,434.2 991.2 1,496.6 787.9 829.6 
Wholesale Revenues:
Generation Revenues (a)— — 119.7 184.6 — 9.8 118.6 
Transmission Revenues (b)276.9 806.4 81.9 17.5 42.9 18.7 74.5 
Total Wholesale Revenues276.9 806.4 201.6 202.1 42.9 28.5 193.1 
Other Revenues from Contracts with Customers (c)
14.9 (0.1)44.9 55.7 104.8 15.0 11.3 
Total Revenues from Contracts with Customers
899.0 806.3 1,680.7 1,249.0 1,644.3 831.4 1,034.0 
Other Revenues:
Alternative Revenue Program (d) (e)(3.5)(41.5)0.1 7.3 (4.5)(0.9)(2.6)
Other Revenues (e)— — 0.1 (0.1)13.1 — — 
Total Other Revenues(3.5)(41.5)0.2 7.2 8.6 (0.9)(2.6)
Total Revenues$895.5 $764.8 $1,680.9 $1,256.2 $1,652.9 $830.5 $1,031.4 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $78 million primarily relating to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $653 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $29 million primarily relating to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Fixed Performance Obligations
Company20232024-20252026-2027After 2027Total
(in millions)
AEP$43.6 $161.4 $137.1 $60.9 $403.0 
APCo8.1 32.2 25.4 11.6 77.3 
I&M2.2 8.8 8.8 4.5 24.3 
Affiliated Accounts Receivable Contracts with Customers
CompanyJune 30, 2023December 31, 2022
(in millions)
AEP Texas$— $0.1 
AEPTCo123.1 113.8 
APCo68.1 64.5 
I&M47.3 75.3 
OPCo68.6 49.9 
PSO30.6 18.8 
SWEPCo42.4 19.1