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Consolidated Statements of Income - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues        
Revenue from Contracts with Customers $ 5,420.1 $ 5,341.7 $ 15,025.0 $ 14,405.1
TOTAL REVENUES 5,420.1 5,341.7 15,025.0 14,405.1
Expenses        
Other Operation 805.8 719.9 2,385.4 2,031.1
Maintenance 343.7 325.5 1,012.7 982.8
Asset Impairments and Other Related Charges 0.0 0.0 142.5 0.0
Depreciation and Amortization 852.7 792.3 2,461.7 2,309.4
Taxes Other Than Income Taxes 407.2 393.9 1,211.2 1,149.2
TOTAL EXPENSES 4,068.6 3,988.4 11,817.0 11,472.3
OPERATING INCOME (LOSS) 1,351.5 1,353.3 3,208.0 2,932.8
Other Income (Expense):        
Other Income 28.5 11.9 55.2 41.0
Allowance for Equity Funds Used During Construction 54.2 51.1 153.0 123.4
Non-Service Cost Components of Net Periodic Benefit Cost 46.5 55.2 129.0 165.9
Interest Expense, Operating and Nonoperating (498.8) (470.3) (1,400.0) (1,346.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 981.9 1,001.2 2,145.2 1,917.1
Income Tax Expense (Benefit) 37.5 64.2 (97.7) 103.2
Equity Earnings (Loss) of Unconsolidated Subsidiaries 17.3 21.3 67.0 60.9
Net Income (Loss) 961.7 958.3 2,309.9 1,874.8
Net Income (Loss) Attributable to Noncontrolling Interests 2.1 4.6 6.9 2.9
Earnings Attributable to Common Shareholders $ 959.6 $ 953.7 $ 2,303.0 $ 1,871.9
Earnings Per Share        
Weighted Average Number of Basic AEP Common Shares Outstanding 532,208,876 520,459,880 529,230,818 516,528,239
Total Basic Earnings Per Share Attributable to AEP Common Shareholders $ 1.80 $ 1.83 $ 4.35 $ 3.62
Weighted Average Number of Diluted AEP Common Shares Outstanding 533,600,842 521,444,125 530,456,985 517,784,726
Total Diluted Earnings Per Share Attributable to AEP Common Shareholders $ 1.80 $ 1.83 $ 4.34 $ 3.62
Common Stock, Dividends Per Share, Declared $ 0.88 $ 0.83    
Acquisition Of Nuclear Fuel Included In Current Liabilities     $ 8.2 $ 9.5
Cash Flow Hedges, Tax $ (12.3) $ (0.3) (8.0) (31.5)
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.8) (0.3) (5.9)
Net Income (Loss) 961.7 958.3 2,309.9 1,874.8
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 3,248.8 3,158.1 8,722.0 8,603.4
Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 1,568.5 1,535.2 4,480.5 4,321.3
Generation and Marketing [Member]        
Revenues        
Revenue from Contracts with Customers 483.7 527.5 1,442.1 1,172.6
Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 119.1 120.9 380.4 307.8
TOTAL REVENUES (62.8) [1],[2] 8.5 [3],[4] (166.4) [5],[6] (250.2) [7],[8]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 1,659.2 1,756.8 4,603.5 4,887.8
AEP Texas Inc. [Member]        
Revenues        
TOTAL REVENUES 571.2 554.6 1,577.2 1,445.3
Expenses        
Other Operation 164.7 154.4 453.3 395.2
Maintenance 22.5 25.0 66.3 75.7
Depreciation and Amortization 126.7 125.6 368.3 351.5
Taxes Other Than Income Taxes 44.8 48.6 125.4 136.9
TOTAL EXPENSES 358.7 353.6 1,013.3 959.3
OPERATING INCOME (LOSS) 212.5 201.0 563.9 486.0
Other Income (Expense):        
Interest Income 3.1 0.5 5.7 1.5
Allowance for Equity Funds Used During Construction 10.5 7.8 34.6 19.4
Non-Service Cost Components of Net Periodic Benefit Cost 3.7 4.8 10.8 14.4
Interest Expense, Operating and Nonoperating (67.7) (59.9) (188.5) (173.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 162.1 154.2 426.5 348.2
Income Tax Expense (Benefit) 29.6 28.7 85.9 66.0
Net Income (Loss) 132.5 125.5 340.6 282.2
Earnings Per Share        
Cash Flow Hedges, Tax 0.0 0.0 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 1.3 1.2 4.0 3.7
AEP Texas Inc. [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 569.2 551.6 1,569.9 1,438.7
AEP Texas Inc. [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.7 1.8 3.3 2.9
TOTAL REVENUES 0.0 [9] 0.0 [10] 0.0 [11] 0.0 [12]
AEP Transmission Co [Member]        
Revenues        
Provision for Refund Affiliated (8.5) (4.8) (31.1) (17.9)
Provision for Refund-Nonaffiliated (2.2) (1.0) (3.9) (4.8)
TOTAL REVENUES 497.2 462.7 1,455.2 1,349.2
Expenses        
Other Operation 31.7 31.6 101.6 87.0
Maintenance 5.7 5.1 16.0 14.3
Depreciation and Amortization 108.2 99.6 320.8 291.2
Taxes Other Than Income Taxes 79.7 73.8 228.6 216.6
TOTAL EXPENSES 225.3 210.1 667.0 609.1
OPERATING INCOME (LOSS) 271.9 252.6 788.2 740.1
Other Income (Expense):        
Interest Income 3.1 1.6 9.3 5.7
Allowance for Equity Funds Used During Construction 24.3 22.7 64.7 62.2
Interest Expense, Operating and Nonoperating (54.3) (51.6) (160.5) (147.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 245.0 225.3 701.7 660.5
Income Tax Expense (Benefit) 53.7 46.1 153.5 142.9
Net Income (Loss) 191.3 179.2 548.2 517.6
Earnings Per Share        
Revenues from Related Parties, Net of Provisions for Refund 395.9 369.9 1,157.1 1,080.0
AEP Transmission Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 404.4 374.7 1,188.2 1,097.9
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) [13] 0.5 1.0 0.5 3.6
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 497.2 462.7 1,455.2 1,349.2
Other Income (Expense):        
Net Income (Loss) 190.8 178.2 547.7 514.0
AEP Transmission Co [Member] | State Transcos [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 395.9 369.9 1,157.1 1,080.0
AEP Transmission Co [Member] | Transmission [Member]        
Revenues        
Revenue from Contracts with Customers 103.3 93.8 299.0 274.0
Earnings Per Share        
Revenue from Contract with Customers, Net of Provisions for Refund, Including Assessed Tax 101.1 92.8 295.1 269.2
AEP Transmission Co [Member] | Transmission [Member] | State Transcos [Member]        
Revenues        
Revenue from Contracts with Customers 101.1 92.8 295.1 269.2
AEP Transmission Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.2 0.0 3.0 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 0.2   3.0  
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 0.2   3.0  
Appalachian Power Co [Member]        
Revenues        
TOTAL REVENUES 1,028.9 961.8 3,032.1 2,776.0
Expenses        
Other Operation 204.2 187.9 628.8 569.6
Maintenance 86.4 74.3 244.7 222.5
Depreciation and Amortization 149.0 143.7 444.5 424.8
Taxes Other Than Income Taxes 44.3 43.5 132.5 126.5
TOTAL EXPENSES 842.3 792.6 2,510.5 2,304.2
OPERATING INCOME (LOSS) 186.6 169.2 521.6 471.8
Other Income (Expense):        
Interest Income 1.8 0.8 3.8 2.2
Allowance for Equity Funds Used During Construction 4.2 3.6 11.4 8.7
Non-Service Cost Components of Net Periodic Benefit Cost 6.9 8.1 20.4 24.4
Interest Expense, Operating and Nonoperating (67.2) (68.5) (203.4) (200.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 132.3 113.2 353.8 306.4
Income Tax Expense (Benefit) 22.5 21.3 49.2 59.1
Net Income (Loss) 109.8 91.9 304.6 247.3
Earnings Per Share        
Cash Flow Hedges, Tax (0.1) (0.1) (0.2) (0.2)
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.2) (0.2) (0.6)
Appalachian Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 65.2 62.5 183.1 193.2
Appalachian Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 960.6 896.0 2,836.6 2,573.0
Appalachian Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 3.1 3.3 12.4 9.8
TOTAL REVENUES 0.1 [9] 0.1 [10] 0.2 [11] 0.1 [12]
Appalachian Power Co [Member] | Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 358.4 343.2 1,060.0 960.8
Indiana Michigan Power Co [Member]        
Revenues        
TOTAL REVENUES 733.5 676.3 1,995.2 1,938.5
Expenses        
Purchased Electricity from AEP Affiliates 63.0 57.0 169.0 139.2
Other Operation 180.0 168.9 548.5 508.7
Maintenance 58.1 57.3 173.7 173.0
Asset Impairments and Other Related Charges 0.0 0.0 13.4 0.0
Depreciation and Amortization 132.6 116.7 359.2 352.9
Taxes Other Than Income Taxes 21.0 22.3 68.9 62.4
TOTAL EXPENSES 572.9 551.5 1,659.6 1,558.6
OPERATING INCOME (LOSS) 160.6 124.8 335.6 379.9
Other Income (Expense):        
Other Income 3.3 4.5 9.7 8.1
Allowance for Equity Funds Used During Construction     10.1 6.6
Non-Service Cost Components of Net Periodic Benefit Cost 6.8 7.7 20.0 23.4
Interest Expense, Operating and Nonoperating (35.7) (33.0) (98.9) (102.0)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 135.0 104.0 266.4 309.4
Income Tax Expense (Benefit) (44.1) 11.0 (92.9) 38.8
Net Income (Loss) 179.1 93.0 359.3 270.6
Earnings Per Share        
Acquisition Of Nuclear Fuel Included In Current Liabilities     8.2 9.5
Cash Flow Hedges, Tax 0.0 0.1 0.1 (0.1)
Amortization of Pension and OPEB Deferred Costs, Tax 0.0 0.0 0.0 (0.6)
Indiana Michigan Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 1.3 0.6 5.2 3.7
Indiana Michigan Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 714.9 656.1 1,932.3 1,879.3
Indiana Michigan Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.1 4.2 7.0 9.7
TOTAL REVENUES (1.2) [9] 2.1 [10] (22.7) [11] 2.1 [12]
Indiana Michigan Power Co [Member] | Other Revenues [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 15.2 15.4 50.7 45.8
Indiana Michigan Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 118.2 129.3 326.9 322.4
Ohio Power Co [Member]        
Revenues        
TOTAL REVENUES 1,004.2 989.5 2,924.3 2,903.2
Expenses        
Other Operation 343.2 296.9 920.2 836.1
Maintenance 66.3 62.2 194.7 157.7
Asset Impairments and Other Related Charges 0.0 0.0 52.9 0.0
Depreciation and Amortization 86.1 81.3 293.9 224.7
Taxes Other Than Income Taxes 136.9 132.5 425.0 382.0
TOTAL EXPENSES 845.7 871.6 2,615.7 2,571.0
OPERATING INCOME (LOSS) 158.5 117.9 308.6 332.2
Other Income (Expense):        
Other Income 0.9 0.1 1.0 0.4
Allowance for Equity Funds Used During Construction 6.4 5.6 16.2 11.3
Non-Service Cost Components of Net Periodic Benefit Cost 5.4 6.5 16.2 19.5
Interest Expense, Operating and Nonoperating (38.7) (33.9) (109.9) (96.9)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 132.5 96.2 232.1 266.5
Income Tax Expense (Benefit) 19.8 15.7 30.4 40.3
Net Income (Loss) 112.7 80.5 201.7 226.2
Ohio Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 5.6 7.8 17.0 23.6
Expenses        
Purchased Electricity from AEP Affiliates 14.1 38.0 86.2 49.6
Ohio Power Co [Member] | Transmission and Distribution Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 995.8 978.7 2,899.0 2,869.3
Ohio Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 2.8 3.0 8.3 10.3
TOTAL REVENUES 3.3 [9] 3.0 [10] 15.2 [11] 20.1 [12]
Ohio Power Co [Member] | Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]        
Expenses        
Cost of Goods and Services Sold 199.1 260.7 642.8 920.9
Public Service Co Of Oklahoma [Member]        
Revenues        
TOTAL REVENUES 615.4 644.2 1,462.0 1,535.9
Expenses        
Other Operation 112.2 103.9 328.1 283.5
Maintenance 28.7 25.4 81.7 82.7
Depreciation and Amortization 70.6 61.8 202.1 187.8
Taxes Other Than Income Taxes 18.8 17.2 60.2 49.5
TOTAL EXPENSES 515.1 526.4 1,285.8 1,344.8
OPERATING INCOME (LOSS) 100.3 117.8 176.2 191.1
Other Income (Expense):        
Interest Income 0.2 0.3 0.7 1.4
Allowance for Equity Funds Used During Construction 1.3 2.4 4.6 5.3
Non-Service Cost Components of Net Periodic Benefit Cost 2.9 3.6 8.5 10.7
Interest Expense, Operating and Nonoperating (26.5) (25.5) (70.2) (77.5)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 78.2 98.6 119.8 131.0
Income Tax Expense (Benefit) (35.5) (40.8) (102.2) (57.1)
Net Income (Loss) 113.7 139.4 222.0 188.1
Earnings Per Share        
Cash Flow Hedges, Tax (2.3) 0.0 (2.3) (0.4)
Public Service Co Of Oklahoma [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 1.1 0.2 5.7 1.0
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 612.9 642.6 1,439.1 1,529.8
Public Service Co Of Oklahoma [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 1.4 1.4 17.2 5.1
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 284.8 318.1 613.7 741.3
Southwestern Electric Power Co [Member]        
Revenues        
Provision for Refund (8.9) (0.1) (189.0) (4.2)
TOTAL REVENUES 638.8 654.8 1,550.8 1,708.5
Expenses        
Other Operation 95.1 96.9 324.3 281.3
Maintenance 35.3 38.4 125.9 121.1
Depreciation and Amortization 117.7 100.6 297.6 266.8
Taxes Other Than Income Taxes 34.1 36.2 93.8 104.4
TOTAL EXPENSES 486.3 487.5 1,423.7 1,388.2
OPERATING INCOME (LOSS) 152.5 167.3 127.1 320.3
Other Income (Expense):        
Interest Income 3.1 4.1 11.4 14.8
Allowance for Equity Funds Used During Construction 2.9 4.3 9.7 7.3
Non-Service Cost Components of Net Periodic Benefit Cost 2.6 3.4 7.6 10.2
Interest Expense, Operating and Nonoperating (31.9) (42.1) (75.1) (107.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 129.2 137.0 80.7 245.4
Income Tax Expense (Benefit) (10.5) (21.7) (198.8) (35.7)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 0.4 0.3 1.1 1.0
Net Income (Loss) 140.1 159.0 280.6 282.1
Net Income (Loss) Attributable to Noncontrolling Interests 1.0 1.5 3.5 3.0
Earnings Attributable to Common Shareholders 139.1 157.5 277.1 279.1
Earnings Per Share        
Cash Flow Hedges, Tax (0.1) 0.0 (0.1) 0.1
Amortization of Pension and OPEB Deferred Costs, Tax (0.1) (0.1) (0.1) (0.3)
Southwestern Electric Power Co [Member] | Related Party        
Revenues        
Revenue from Contracts with Customers 21.9 14.4 52.3 45.7
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member]        
Revenues        
Revenue from Contracts with Customers 625.1 640.0 1,680.5 1,665.2
Southwestern Electric Power Co [Member] | Other Revenues [Member]        
Revenues        
Revenue from Contracts with Customers 0.7 0.5 7.0 1.8
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 204.1 215.4 582.1 614.6
Reconciling Adjustments [Member]        
Revenues        
Revenue from Contracts with Customers 0.0 0.0 0.0 0.0
TOTAL REVENUES (508.0) (508.4) (1,524.8) (1,416.3)
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] (508.0) (508.4) (1,524.8) (1,416.3)
Reconciling Adjustments [Member] | Other Revenues [Member]        
Revenues        
TOTAL REVENUES (0.7) [1],[2] (0.7) [3],[4] 4.9 [5],[6] (3.6) [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.