XML 123 R54.htm IDEA: XBRL DOCUMENT v3.23.2
Income Taxes (Details)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 2.10% 1.30% 2.00% 1.40%
Tax Reform Excess ADIT Reversal (6.20%) (7.10%) (6.20%) (6.80%)
Production and Investment Tax Credits (9.90%) (6.10%) (9.80%) (7.10%)
Flow Through (1.00%) (0.10%) (0.50%) 0.10%
AFUDC Equity (1.20%) (1.10%) (1.30%) (1.00%)
Discrete Tax Adjustments   0.30% (1.40%) (0.20%)
Other 0.40% 1.10% 0.30% 0.50%
Effective Income Tax Rate 5.20% 9.30% 4.10% 7.90%
Income Taxes (Textuals) [Abstract]        
corporate alternative minimum tax     15.00%  
AEP Texas Inc. [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 0.60% 0.70% 0.50% 0.50%
Tax Reform Excess ADIT Reversal (1.30%) (2.10%) (1.40%) (2.00%)
Production and Investment Tax Credits (0.20%) (0.60%) (0.20%) (0.40%)
Flow Through 0.10% 0.20% 0.20% 0.20%
AFUDC Equity (0.90%) (1.40%) (1.10%) (1.10%)
Discrete Tax Adjustments   0.00% 0.00% 0.00%
Other 0.30% 0.10% 0.20% (0.10%)
Effective Income Tax Rate 19.60% 17.90% 19.20% 18.10%
AEP Transmission Co [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 2.60% 2.90% 2.60% 2.70%
Tax Reform Excess ADIT Reversal 0.10% 0.30% 0.20% 0.30%
Production and Investment Tax Credits 0.00% 0.00% 0.00% 0.00%
Flow Through 0.20% 0.40% 0.20% 0.30%
AFUDC Equity (2.10%) (2.30%) (1.80%) (1.90%)
Discrete Tax Adjustments   0.00% 0.00% 0.00%
Other 0.00% 0.10% 0.00% 0.20%
Effective Income Tax Rate 21.80% 22.40% 22.20% 22.60%
Appalachian Power Co [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 3.20% (1.00%) 2.60% 1.50%
Tax Reform Excess ADIT Reversal (4.50%) (20.40%) (4.50%) (11.00%)
Production and Investment Tax Credits (0.10%) 0.00% (0.10%) 0.00%
Flow Through (5.10%) (1.40%) (0.80%) 0.60%
AFUDC Equity (1.50%) (1.50%) (0.90%) (1.00%)
Discrete Tax Adjustments   (6.00%) 2.40% (2.60%)
Other (0.40%) (0.20%) (0.10%) 0.00%
Effective Income Tax Rate 12.60% (9.50%) 19.60% 8.50%
Indiana Michigan Power Co [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 0.70% (1.30%) 2.40% 0.40%
Tax Reform Excess ADIT Reversal (6.10%) (17.20%) (7.20%) (17.20%)
Production and Investment Tax Credits 0.10% (3.40%) (0.60%) (2.30%)
Flow Through (4.40%) (1.20%) (2.90%) (1.60%)
AFUDC Equity (0.10%) (1.30%) (0.30%) (0.90%)
Discrete Tax Adjustments   0.00% 1.00% 0.00%
Other 0.10% 1.30% 0.10% 0.40%
Effective Income Tax Rate 11.30% (2.10%) 13.50% (0.20%)
Ohio Power Co [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 0.80% 1.00% 0.90% 0.90%
Tax Reform Excess ADIT Reversal (8.50%) (7.80%) (7.60%) (7.80%)
Production and Investment Tax Credits 0.00% 0.00% 0.00% 0.00%
Flow Through 1.20% 0.20% 0.80% 0.60%
AFUDC Equity (0.70%) (0.70%) (0.80%) (0.60%)
Discrete Tax Adjustments   0.00% 0.00% 0.00%
Other 0.10% 0.10% 0.10% (0.10%)
Effective Income Tax Rate 13.90% 13.80% 14.40% 14.00%
Public Service Co Of Oklahoma [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit 2.00% 3.90% 2.00% 3.50%
Tax Reform Excess ADIT Reversal (17.20%) (19.20%) (17.10%) (18.60%)
Production and Investment Tax Credits (55.10%) (32.20%) (55.20%) (31.40%)
Flow Through 0.30% 0.30% 0.30% 0.30%
AFUDC Equity (1.40%) (0.40%) (1.40%) (0.50%)
Discrete Tax Adjustments   0.00% 0.00% 0.00%
Other 0.00% 0.50% 0.10% 0.30%
Effective Income Tax Rate (50.40%) (26.10%) (50.30%) (25.40%)
Southwestern Electric Power Co [Member]        
Effective Income Tax Rate Reconciliation, Percent [Abstract]        
U.S. Federal Statutory Rate 21.00% 21.00% 21.00% 21.00%
State Income Tax, net of Federal Benefit (1.60%) 2.50% (1.20%) 2.40%
Tax Reform Excess ADIT Reversal (4.20%) (5.20%) (4.00%) (5.10%)
Production and Investment Tax Credits (29.20%) (19.80%) (28.20%) (20.80%)
Flow Through (0.80%) 0.00% (0.30%) (0.20%)
AFUDC Equity 0.00% (0.50%) (0.30%) (0.50%)
Discrete Tax Adjustments   0.80% 0.00% 0.50%
Other 0.70% (0.10%) 0.10% 0.00%
Effective Income Tax Rate (14.10%) (1.30%) (12.90%) (2.70%)