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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Revenue from Contracts with Customers $ 5,025.7 $ 4,690.9
TOTAL REVENUES 5,025.7 4,690.9
Expenses    
Other Operation 762.3 680.0
Maintenance 317.5 317.3
Depreciation and Amortization 787.1 775.5
Taxes Other Than Income Taxes 410.4 394.9
TOTAL EXPENSES 3,853.1 3,986.1
OPERATING INCOME (LOSS) 1,172.6 704.8
Other Income (Expense):    
Other Income 13.6 14.7
Allowance for Equity Funds Used During Construction 43.6 31.3
Non-Service Cost Components of Net Periodic Benefit Cost 45.1 55.5
Interest Expense (435.6) (415.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 839.3 390.6
Income Tax Expense (Benefit) (141.9) 10.4
Equity Earnings (Loss) of Unconsolidated Subsidiaries 24.5 20.2
Net Income (Loss) 1,005.7 400.4
Net Income (Loss) Attributable to Noncontrolling Interests 2.6 3.4
Earnings Attributable to Common Shareholders $ 1,003.1 $ 397.0
Earnings Per Share    
Weighted Average Number of Basic AEP Common Shares Outstanding 526,552,036 514,176,648
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.91 $ 0.77
Weighted Average Number of Diluted AEP Common Shares Outstanding 527,596,395 515,598,090
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.90 $ 0.77
Common Stock, Dividends Per Share, Declared $ 0.88 $ 0.83
Cash Flow Hedges, Tax $ (1.6) $ (40.5)
Amortization of Pension and OPEB Deferred Costs, Tax (0.2) (4.3)
Competitive Contracted Renewable Portfolio    
Expenses    
Asset Impairments and Other Related Charges 0.0 112.0
Related Party    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 2,901.2 2,816.3
Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,483.2 1,455.3
Generation and Marketing [Member]    
Revenues    
Revenue from Contracts with Customers 515.9 326.9
Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 125.4 92.4
TOTAL REVENUES (60.8) [1],[2] (129.9) [3],[4]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 1,575.8 1,706.4
AEP Texas Inc. [Member]    
Revenues    
TOTAL REVENUES 466.4 429.5
Expenses    
Other Operation 140.8 146.9
Maintenance 22.1 24.4
Depreciation and Amortization 116.7 111.0
Taxes Other Than Income Taxes 40.0 43.5
TOTAL EXPENSES 319.6 325.8
OPERATING INCOME (LOSS) 146.8 103.7
Other Income (Expense):    
Interest Income 0.5 0.4
Allowance for Equity Funds Used During Construction 8.6 6.3
Non-Service Cost Components of Net Periodic Benefit Cost 3.7 4.8
Interest Expense (61.5) (56.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 98.1 58.3
Income Tax Expense (Benefit) 18.4 10.7
Net Income (Loss) 79.7 47.6
Earnings Per Share    
Cash Flow Hedges, Tax 1.0 0.0
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.1)
AEP Texas Inc. [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 1.3 1.2
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 463.0 427.7
AEP Texas Inc. [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.1 0.6
TOTAL REVENUES 0.0 [5] 0.0 [6]
AEP Transmission Co [Member]    
Revenues    
Provision for Refund Affiliated (6.0) (4.8)
Provision for Refund-Nonaffiliated (1.4) (1.0)
TOTAL REVENUES 482.8 441.6
Expenses    
Other Operation 29.9 29.0
Maintenance 5.3 4.9
Depreciation and Amortization 105.9 95.2
Taxes Other Than Income Taxes 73.4 74.8
TOTAL EXPENSES 214.5 203.9
OPERATING INCOME (LOSS) 268.3 237.7
Other Income (Expense):    
Interest Income 1.9 1.5
Allowance for Equity Funds Used During Construction 17.9 16.4
Interest Expense (54.8) (45.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 233.3 210.4
Income Tax Expense (Benefit) 52.1 47.7
Net Income (Loss) 181.2 162.7
Earnings Per Share    
Revenues from Related Parties, Net of Provisions for Refund 383.4 352.6
AEP Transmission Co [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 389.4 357.4
AEP Transmission Co [Member] | AEPTCo Parent [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
TOTAL REVENUES 0.0 0.0
Other Income (Expense):    
Net Income (Loss) [7] (0.5) 1.1
AEP Transmission Co [Member] | AEPTCo Parent [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
AEP Transmission Co [Member] | State Transcos [Member]    
Revenues    
TOTAL REVENUES 482.8 441.6
Other Income (Expense):    
Net Income (Loss) 181.7 161.6
AEP Transmission Co [Member] | State Transcos [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 383.4 352.6
AEP Transmission Co [Member] | Transmission [Member]    
Revenues    
Revenue from Contracts with Customers 98.4 90.0
Earnings Per Share    
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 97.0 89.0
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]    
Revenues    
Revenue from Contracts with Customers 97.0 89.0
AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.4 0.0
TOTAL REVENUES 0.0 [5] 0.0 [6]
Earnings Per Share    
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 2.4  
AEP Transmission Co [Member] | Other Revenues [Member] | AEPTCo Parent [Member]    
Revenues    
Revenue from Contracts with Customers 0.0  
AEP Transmission Co [Member] | Other Revenues [Member] | State Transcos [Member]    
Revenues    
Revenue from Contracts with Customers 2.4  
Appalachian Power Co [Member]    
Revenues    
TOTAL REVENUES 1,093.0 987.7
Expenses    
Other Operation 212.6 191.8
Maintenance 80.0 73.1
Depreciation and Amortization 149.8 143.0
Taxes Other Than Income Taxes 46.0 41.8
TOTAL EXPENSES 885.2 789.4
OPERATING INCOME (LOSS) 207.8 198.3
Other Income (Expense):    
Interest Income 0.8 0.6
Allowance for Equity Funds Used During Construction 2.9 2.4
Non-Service Cost Components of Net Periodic Benefit Cost 7.1 8.1
Interest Expense (68.1) (65.3)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 150.5 144.1
Income Tax Expense (Benefit) 14.0 31.6
Net Income (Loss) 136.5 112.5
Earnings Per Share    
Cash Flow Hedges, Tax (0.1) (0.1)
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.2)
Appalachian Power Co [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 63.1 69.6
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,024.3 914.5
Appalachian Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 5.6 3.6
TOTAL REVENUES 0.1 [5] 0.0 [6]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 396.8 339.7
Indiana Michigan Power Co [Member]    
Revenues    
TOTAL REVENUES 667.4 663.0
Expenses    
Purchased Electricity from AEP Affiliates 61.5 45.1
Other Operation 178.2 169.7
Maintenance 52.4 58.6
Depreciation and Amortization 108.3 125.2
Taxes Other Than Income Taxes 23.3 19.5
TOTAL EXPENSES 546.3 517.3
OPERATING INCOME (LOSS) 121.1 145.7
Other Income (Expense):    
Other Income 3.2 0.6
Allowance for Equity Funds Used During Construction 3.3 0.5
Non-Service Cost Components of Net Periodic Benefit Cost 6.7 8.0
Interest Expense (26.2) (33.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 104.8 121.1
Income Tax Expense (Benefit) (40.2) 18.3
Net Income (Loss) 145.0 102.8
Earnings Per Share    
Cash Flow Hedges, Tax 0.0 (0.2)
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.5)
Indiana Michigan Power Co [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 1.8 1.2
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 647.8 642.8
Indiana Michigan Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.8 3.1
TOTAL REVENUES (25.9) [5] 0.0 [6]
Indiana Michigan Power Co [Member] | Other Revenues [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 15.0 15.9
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 122.6 99.2
Ohio Power Co [Member]    
Revenues    
TOTAL REVENUES 1,023.8 1,034.6
Expenses    
Purchased Electricity from AEP Affiliates 46.6 0.0
Other Operation 293.2 273.8
Maintenance 61.3 44.3
Depreciation and Amortization 105.8 75.2
Taxes Other Than Income Taxes 150.8 135.3
TOTAL EXPENSES 916.4 921.2
OPERATING INCOME (LOSS) 107.4 113.4
Other Income (Expense):    
Other Income 0.0 0.1
Allowance for Equity Funds Used During Construction 5.5 2.8
Non-Service Cost Components of Net Periodic Benefit Cost 5.5 6.5
Interest Expense (34.6) (31.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 83.8 91.7
Income Tax Expense (Benefit) 13.2 13.7
Net Income (Loss) 70.6 78.0
Ohio Power Co [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 5.7 7.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 1,015.4 1,021.8
Ohio Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 2.7 5.2
TOTAL REVENUES 7.9 [5] 11.1 [6]
Ohio Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 258.7 392.6
Public Service Co Of Oklahoma [Member]    
Revenues    
TOTAL REVENUES 387.8 417.0
Expenses    
Other Operation 96.6 92.1
Maintenance 28.1 28.8
Depreciation and Amortization 67.4 61.1
Taxes Other Than Income Taxes 17.0 17.3
TOTAL EXPENSES 358.0 399.4
OPERATING INCOME (LOSS) 29.8 17.6
Other Income (Expense):    
Interest Income 0.2 1.0
Allowance for Equity Funds Used During Construction 2.4 1.5
Non-Service Cost Components of Net Periodic Benefit Cost 2.9 3.6
Interest Expense (16.8) (25.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 18.5 (1.5)
Income Tax Expense (Benefit) (53.5) 0.8
Net Income (Loss) 72.0 (2.3)
Earnings Per Share    
Cash Flow Hedges, Tax 0.0 (0.4)
Public Service Co Of Oklahoma [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 3.5 0.7
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 378.1 414.8
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 6.2 1.5
TOTAL REVENUES 0.0 [5] 0.0 [6]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 148.9 200.1
Southwestern Electric Power Co [Member]    
Revenues    
TOTAL REVENUES 516.2 515.9
Expenses    
Other Operation 112.9 99.2
Maintenance 37.2 37.7
Depreciation and Amortization 78.7 80.4
Taxes Other Than Income Taxes 34.2 36.1
TOTAL EXPENSES 447.6 462.7
OPERATING INCOME (LOSS) 68.6 53.2
Other Income (Expense):    
Interest Income 4.0 5.4
Allowance for Equity Funds Used During Construction 3.4 0.5
Non-Service Cost Components of Net Periodic Benefit Cost 2.6 3.4
Interest Expense (13.5) (25.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 65.1 37.5
Income Tax Expense (Benefit) (144.1) (4.0)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.4 0.3
Net Income (Loss) 209.6 41.8
Net Income (Loss) Attributable to Noncontrolling Interests 1.5 1.2
Earnings Attributable to Common Shareholders 208.1 40.6
Earnings Per Share    
Cash Flow Hedges, Tax 0.0 0.1
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.1)
Southwestern Electric Power Co [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 12.1 11.7
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]    
Revenues    
Revenue from Contracts with Customers 500.2 503.7
Southwestern Electric Power Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers 3.9 0.5
TOTAL REVENUES 0.0 [5] 0.0 [6]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]    
Expenses    
Cost of Goods and Services Sold 184.6 209.3
Reconciling Adjustments [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
TOTAL REVENUES (526.0) (443.7)
Other Income (Expense):    
Net Income (Loss) 0.0 0.0
Reconciling Adjustments [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers [8] (526.0) (443.7)
Reconciling Adjustments [Member] | Other Revenues [Member]    
Revenues    
TOTAL REVENUES 8.0 [1],[2] (0.9) [3],[4]
Reconciling Adjustments [Member] | AEP Transmission Co [Member]    
Revenues    
Revenue from Contracts with Customers 0.0 0.0
TOTAL REVENUES 0.0 0.0
Other Income (Expense):    
Net Income (Loss) 0.0 0.0
Reconciling Adjustments [Member] | AEP Transmission Co [Member] | Related Party    
Revenues    
Revenue from Contracts with Customers 0.0 $ 0.0
Reconciling Adjustments [Member] | AEP Transmission Co [Member] | Other Revenues [Member]    
Revenues    
Revenue from Contracts with Customers $ 0.0  
[1] Amounts include affiliated and nonaffiliated revenues.
[2] Generation & Marketing includes economic hedge activity.
[3] Generation & Marketing includes economic hedge activity.
[4] Amounts include affiliated and nonaffiliated revenues
[5] Amounts include affiliated and nonaffiliated revenues.
[6] Amounts include affiliated and nonaffiliated revenues.
[7] Includes the elimination of AEPTCo Parent’s equity earnings in the State Transcos.
[8] Represents inter-segment revenues.