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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenue from Contracts with Customers $ 4,579.2 $ 4,372.5 $ 9,604.9 $ 9,063.4
TOTAL REVENUES 4,579.2 4,372.5 9,604.9 9,063.4
Expenses        
Other Operation 817.3 631.2 1,579.6 1,311.2
Maintenance 351.5 340.0 669.0 657.3
Asset Impairments and Other Related Charges 142.5 0.0 142.5 0.0
Depreciation and Amortization 821.9 741.6 1,609.0 1,517.1
Taxes Other Than Income Taxes 393.6 360.4 804.0 755.3
TOTAL EXPENSES 3,895.3 3,497.8 7,748.4 7,483.9
OPERATING INCOME (LOSS) 683.9 874.7 1,856.5 1,579.5
Other Income (Expense):        
Other Income 13.1 14.4 26.7 29.1
Allowance for Equity Funds Used During Construction 55.2 41.0 98.8 72.3
Non-Service Cost Components of Net Periodic Benefit Cost 37.4 55.2 82.5 110.7
Interest Expense (465.6) (460.0) (901.2) (875.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 324.0 525.3 1,163.3 915.9
Income Tax Expense (Benefit) 6.7 28.6 (135.2) 39.0
Equity Earnings (Loss) of Unconsolidated Subsidiaries 25.2 19.4 49.7 39.6
Net Income (Loss) 342.5 516.1 1,348.2 916.5
Net Income (Loss) Attributable to Noncontrolling Interests 2.2 (5.1) 4.8 (1.7)
Earnings Attributable to Common Shareholders $ 340.3 $ 521.2 $ 1,343.4 $ 918.2
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 528,898,816 514,879,144 527,725,426 514,529,837
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 0.64 $ 1.01 $ 2.55 $ 1.78
Weighted Average Number of Diluted AEP Common Shares Outstanding 530,140,990 516,242,919 528,868,693 515,922,446
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 0.64 $ 1.01 $ 2.54 $ 1.78
Common Stock, Dividends Per Share, Declared $ 0.88 $ 0.83    
Acquisition Of Nuclear Fuel Included In Current Liabilities     $ 8.2 $ (36.0)
Cash Flow Hedges, Tax $ 5.9 $ 9.3 4.3 (31.2)
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.8) (0.2) (5.1)
Competitive Contracted Renewable Portfolio        
Expenses        
Asset Impairments and Other Related Charges 0.0 0.0 0.0 112.0
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 2,572.0 2,629.0 5,473.2 5,445.3
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,428.8 1,330.8 2,912.0 2,786.1
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 442.5 318.2 958.4 645.1
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 135.9 94.5 261.3 186.9
TOTAL REVENUES (42.8) [1],[2] (128.8) [3],[4] (103.6) [5],[6] (258.7) [7],[8]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 1,368.5 1,424.6 2,944.3 3,131.0
AEP Texas Inc. [Member]        
Revenues        
TOTAL REVENUES 539.6 461.2 1,006.0 890.7
Expenses        
Other Operation 147.8 93.9 288.6 240.8
Maintenance 21.7 26.3 43.8 50.7
Depreciation and Amortization 124.9 114.9 241.6 225.9
Taxes Other Than Income Taxes 40.6 44.8 80.6 88.3
TOTAL EXPENSES 335.0 279.9 654.6 605.7
OPERATING INCOME (LOSS) 204.6 181.3 351.4 285.0
Other Income (Expense):        
Interest Income 2.1 0.6 2.6 1.0
Allowance for Equity Funds Used During Construction 15.5 5.3 24.1 11.6
Non-Service Cost Components of Net Periodic Benefit Cost 3.4 4.8 7.1 9.6
Interest Expense (59.3) (56.3) (120.8) (113.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 166.3 135.7 264.4 194.0
Income Tax Expense (Benefit) 37.9 26.6 56.3 37.3
Net Income (Loss) 128.4 109.1 208.1 156.7
Earnings Per Share        
Cash Flow Hedges, Tax 0.6 0.8 1.6 0.8
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 0.0 0.0 (0.1)
AEP Texas Inc. [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 1.4 1.3 2.7 2.5
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 537.7 459.4 1,000.7 887.1
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.5 0.5 2.6 1.1
TOTAL REVENUES 0.0 [9] 0.0 [10] 0.0 [11] 0.0 [12]
AEP Transmission Co [Member]        
Revenues        
Provision for Refund Affiliated (16.6) (8.3) (22.6) (13.1)
Provision for Refund-Nonaffiliated (0.3) (2.8) (1.7) (3.8)
TOTAL REVENUES 475.2 444.9 958.0 886.5
Expenses        
Other Operation 40.0 26.4 69.9 55.4
Maintenance 5.0 4.3 10.3 9.2
Depreciation and Amortization 106.7 96.4 212.6 191.6
Taxes Other Than Income Taxes 75.5 68.0 148.9 142.8
TOTAL EXPENSES 227.2 195.1 441.7 399.0
OPERATING INCOME (LOSS) 248.0 249.8 516.3 487.5
Other Income (Expense):        
Interest Income 4.3 2.6 6.2 4.1
Allowance for Equity Funds Used During Construction 22.5 23.1 40.4 39.5
Interest Expense (51.4) (50.7) (106.2) (95.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 223.4 224.8 456.7 435.2
Income Tax Expense (Benefit) 47.7 49.1 99.8 96.8
Net Income (Loss) 175.7 175.7 356.9 338.4
Earnings Per Share        
Revenues from Related Parties, Net of Provisions for Refund 377.8 357.5 761.2 710.1
AEP Transmission Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 394.4 365.8 783.8 723.2
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) [13] 0.5 1.5 0.0 2.6
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 475.2 444.9 958.0 886.5
Other Income (Expense):        
Net Income (Loss) 175.2 174.2 356.9 335.8
AEP Transmission Co [Member] | State Transcos [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 377.8 357.5 761.2 710.1
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 97.3 90.2 195.7 180.2
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 97.0 87.4 194.0 176.4
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 97.0 87.4 194.0 176.4
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.4 0.0 2.8 0.0
TOTAL REVENUES 0.0 [9] 0.0 [10] 0.0 [11] 0.0 [12]
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 0.4   2.8  
AEP Transmission Co [Member] | Other Revenues [Member] | AEPTCo Parent [Member]        
Revenues        
Revenue from Contracts with Customers 0.0   0.0  
AEP Transmission Co [Member] | Other Revenues [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 0.4   2.8  
Appalachian Power Co [Member]        
Revenues        
TOTAL REVENUES 910.2 826.5 2,003.2 1,814.2
Expenses        
Other Operation 212.0 189.9 424.6 381.7
Maintenance 78.3 75.1 158.3 148.2
Depreciation and Amortization 145.7 138.1 295.5 281.1
Taxes Other Than Income Taxes 42.2 41.2 88.2 83.0
TOTAL EXPENSES 783.0 722.2 1,668.2 1,511.6
OPERATING INCOME (LOSS) 127.2 104.3 335.0 302.6
Other Income (Expense):        
Interest Income 1.2 0.8 2.0 1.4
Allowance for Equity Funds Used During Construction 4.3 2.7 7.2 5.1
Non-Service Cost Components of Net Periodic Benefit Cost 6.4 8.2 13.5 16.3
Interest Expense (68.1) (66.9) (136.2) (132.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 71.0 49.1 221.5 193.2
Income Tax Expense (Benefit) 12.7 6.2 26.7 37.8
Net Income (Loss) 58.3 42.9 194.8 155.4
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 (0.1) (0.1)
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.2) (0.1) (0.4)
Appalachian Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 54.8 61.1 117.9 130.7
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 851.7 762.5 1,876.0 1,677.0
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 3.7 2.9 9.3 6.5
TOTAL REVENUES 0.0 [9] 0.0 [10] 0.1 [11] 0.0 [12]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 304.8 277.9 701.6 617.6
Indiana Michigan Power Co [Member]        
Revenues        
TOTAL REVENUES 594.3 599.2 1,261.7 1,262.2
Expenses        
Purchased Electricity from AEP Affiliates 44.5 37.1 106.0 82.2
Other Operation 190.3 170.1 368.5 339.8
Maintenance 63.2 57.1 115.6 115.7
Asset Impairments and Other Related Charges 13.4 0.0 13.4 0.0
Depreciation and Amortization 118.3 111.0 226.6 236.2
Taxes Other Than Income Taxes 24.6 20.6 47.9 40.1
TOTAL EXPENSES 540.4 489.8 1,086.7 1,007.1
OPERATING INCOME (LOSS) 53.9 109.4 175.0 255.1
Other Income (Expense):        
Other Income 3.2 3.0 6.4 3.6
Allowance for Equity Funds Used During Construction     6.7 2.8
Non-Service Cost Components of Net Periodic Benefit Cost 6.5 7.7 13.2 15.7
Interest Expense (37.0) (35.8) (63.2) (69.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 26.6 84.3 131.4 205.4
Income Tax Expense (Benefit) (8.6) 9.5 (48.8) 27.8
Net Income (Loss) 35.2 74.8 180.2 177.6
Earnings Per Share        
Acquisition Of Nuclear Fuel Included In Current Liabilities     8.2 36.0
Cash Flow Hedges, Tax 0.1 0.0 0.1 (0.2)
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.1) 0.0 (0.6)
Indiana Michigan Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 2.1 1.9 3.9 3.1
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 569.6 580.4 1,217.4 1,223.2
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.1 2.4 4.9 5.5
TOTAL REVENUES 4.4 [9] 0.0 [10] (21.5) [11] 0.0 [12]
Indiana Michigan Power Co [Member] | Other Revenues [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 20.5 14.5 35.5 30.4
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 86.1 93.9 208.7 193.1
Ohio Power Co [Member]        
Revenues        
TOTAL REVENUES 896.3 879.1 1,920.1 1,913.7
Expenses        
Purchased Electricity from AEP Affiliates 25.5 11.6 72.1 11.6
Other Operation 283.8 265.4 577.0 539.2
Maintenance 67.1 51.2 128.4 95.5
Asset Impairments and Other Related Charges 52.9 0.0 52.9 0.0
Depreciation and Amortization 102.0 68.2 207.8 143.4
Taxes Other Than Income Taxes 137.3 114.2 288.1 249.5
TOTAL EXPENSES 853.6 778.2 1,770.0 1,699.4
OPERATING INCOME (LOSS) 42.7 100.9 150.1 214.3
Other Income (Expense):        
Other Income 0.1 0.2 0.1 0.3
Allowance for Equity Funds Used During Construction 4.3 2.9 9.8 5.7
Non-Service Cost Components of Net Periodic Benefit Cost 5.3 6.5 10.8 13.0
Interest Expense (36.6) (31.9) (71.2) (63.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 15.8 78.6 99.6 170.3
Income Tax Expense (Benefit) (2.6) 10.9 10.6 24.6
Net Income (Loss) 18.4 67.7 89.0 145.7
Ohio Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 5.7 8.2 11.4 15.8
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 887.8 868.8 1,903.2 1,890.6
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.8 2.1 5.5 7.3
TOTAL REVENUES 4.0 [9] 6.0 [10] 11.9 [11] 17.1 [12]
Ohio Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 185.0 267.6 443.7 660.2
Public Service Co Of Oklahoma [Member]        
Revenues        
TOTAL REVENUES 458.8 474.7 846.6 891.7
Expenses        
Other Operation 119.3 87.5 215.9 179.6
Maintenance 24.9 28.5 53.0 57.3
Depreciation and Amortization 64.1 64.9 131.5 126.0
Taxes Other Than Income Taxes 24.4 15.0 41.4 32.3
TOTAL EXPENSES 412.7 419.0 770.7 818.4
OPERATING INCOME (LOSS) 46.1 55.7 75.9 73.3
Other Income (Expense):        
Interest Income 0.3 0.1 0.5 1.1
Allowance for Equity Funds Used During Construction 0.9 1.4 3.3 2.9
Non-Service Cost Components of Net Periodic Benefit Cost 2.7 3.5 5.6 7.1
Interest Expense (26.9) (26.8) (43.7) (52.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 23.1 33.9 41.6 32.4
Income Tax Expense (Benefit) (13.2) (17.1) (66.7) (16.3)
Net Income (Loss) 36.3 51.0 108.3 48.7
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 0.0 (0.4)
Public Service Co Of Oklahoma [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 1.1 0.1 4.6 0.8
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 448.1 472.4 826.2 887.2
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 9.6 2.2 15.8 3.7
TOTAL REVENUES 0.0 [9] 0.0 [10] 0.0 [11] 0.0 [12]
Public Service Co Of Oklahoma [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 180.0 223.1 328.9 423.2
Southwestern Electric Power Co [Member]        
Revenues        
Provision for Refund (169.2) (8.5) (180.1) (4.1)
TOTAL REVENUES 395.8 537.8 912.0 1,053.7
Expenses        
Other Operation 116.3 85.2 229.2 184.4
Maintenance 53.4 45.0 90.6 82.7
Depreciation and Amortization 101.2 85.8 179.9 166.2
Taxes Other Than Income Taxes 25.5 32.1 59.7 68.2
TOTAL EXPENSES 489.8 438.0 937.4 900.7
OPERATING INCOME (LOSS) (94.0) 99.8 (25.4) 153.0
Other Income (Expense):        
Interest Income 4.3 5.3 8.3 10.7
Allowance for Equity Funds Used During Construction 3.4 2.5 6.8 3.0
Non-Service Cost Components of Net Periodic Benefit Cost 2.4 3.4 5.0 6.8
Interest Expense (29.7) (40.1) (43.2) (65.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (113.6) 70.9 (48.5) 108.4
Income Tax Expense (Benefit) (44.2) (10.0) (188.3) (14.0)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.3 0.4 0.7 0.7
Net Income (Loss) (69.1) 81.3 140.5 123.1
Net Income (Loss) Attributable to Noncontrolling Interests 1.0 0.3 2.5 1.5
Earnings Attributable to Common Shareholders (70.1) 81.0 138.0 121.6
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 0.0 0.1
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 (0.1) 0.0 (0.2)
Southwestern Electric Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 16.5 19.7 30.4 31.3
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 546.1 525.8 1,055.4 1,025.2
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.4 0.8 6.3 1.3
TOTAL REVENUES 0.0 [9] 0.0 [10] 0.0 [11] 0.0 [12]
Southwestern Electric Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 193.4 189.9 378.0 399.2
Reconciling Adjustments [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
TOTAL REVENUES (490.8) (464.2) (1,016.8) (907.9)
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 [14] (490.8) (464.2) (1,016.8) (907.9)
Reconciling Adjustments [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES (2.4) [1],[2] (2.0) [3],[4] 5.6 [5],[6] (2.9) [7],[8]
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
Reconciling Adjustments [Member] | AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers $ 0.0   $ 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] Generation & Marketing includes economic hedge activity.
[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] Amounts include affiliated and nonaffiliated revenues.
[13] Includes the elimination of AEPTCo Parent’s equity earnings in the State Transcos.
[14] Represents inter-segment revenues.