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CONSOLIDATED STATEMENTS OF INCOME - I&M - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
REVENUES      
TOTAL REVENUES $ 19,721.3 $ 18,982.3 $ 19,639.5
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 5,936.3 6,578.3 7,097.9
Other Operation 3,127.6 2,810.5 2,878.1
Maintenance 1,325.1 1,276.3 1,249.4
Asset Impairments and Other Related Charges 142.5 85.6 48.8
Depreciation and Amortization 3,289.9 3,090.4 3,202.8
Taxes Other Than Income Taxes 1,596.3 1,492.3 1,469.8
TOTAL EXPENSES 15,417.7 15,426.1 16,156.8
OPERATING INCOME 4,303.6 3,556.2 3,482.7
Other Income (Expense):      
Other Income 65.1 63.4 11.6
Non-Service Cost Components of Net Periodic Benefit Cost 126.0 221.1 188.5
Interest Expense (1,862.8) (1,806.9) (1,396.1)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 2,842.9 2,208.7 2,420.4
Income Tax Expense (Benefit) (39.2) 54.6 5.4
INDIANA MICHIGAN POWER COMPANY      
REVENUES      
TOTAL REVENUES 2,572.0 2,535.9 2,669.6
EXPENSES      
Other Operation 728.2 662.8 621.0
Maintenance 235.4 238.7 227.2
Asset Impairments and Other Related Charges 13.4 0.0 0.0
Depreciation and Amortization 481.1 470.0 527.2
Taxes Other Than Income Taxes 89.2 84.2 97.0
TOTAL EXPENSES 2,172.8 2,048.2 2,249.7
OPERATING INCOME 399.2 487.7 419.9
Other Income (Expense):      
Other Income 12.7 12.5 9.3
Non-Service Cost Components of Net Periodic Benefit Cost 17.8 31.0 24.9
Interest Expense (133.5) (136.7) (125.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 296.2 394.5 328.9
Income Tax Expense (Benefit) (95.2) 58.6 4.2
NET INCOME 391.4 335.9 324.7
INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 208.9 181.2 241.8
INDIANA MICHIGAN POWER COMPANY | Nonrelated Party      
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 416.6 411.3 535.5
Electric Generation, Transmission and Distribution Revenues | INDIANA MICHIGAN POWER COMPANY      
REVENUES      
TOTAL REVENUES 2,552.3 2,469.0 2,613.7
Sales to AEP Affiliates | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES 15.4 9.3 17.8
Provision for Refund | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES (13.7) (10.5) (2.5)
Provision for Refund | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party      
REVENUES      
TOTAL REVENUES (56.8) (3.2) (25.4)
Other Revenues      
REVENUES      
TOTAL REVENUES 483.0 458.1 408.2
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES 64.5 59.0 54.3
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party      
REVENUES      
TOTAL REVENUES $ 10.3 $ 12.3 $ 11.7