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CONSOLIDATED STATEMENTS OF INCOME - SWEPCo - 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):      
Allowance for Equity Funds Used During Construction 211.0 174.9 133.7
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
Equity Earnings (Loss) of Unconsolidated Subsidiaries 93.7 58.5 (109.4)
NET INCOME 2,975.8 2,212.6 2,305.6
Net Income (Loss) Attributable to Noncontrolling Interests 8.7 4.5 (1.6)
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 2,967.1 2,208.1 2,307.2
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted 2,967.1 2,208.1 2,307.2
SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES 2,036.3 2,182.8 2,284.4
EXPENSES      
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 733.3 807.1 889.5
Other Operation 422.4 360.5 424.7
Maintenance 149.1 159.4 148.6
Asset Impairments and Other Related Charges 0.0 85.6 0.0
Depreciation and Amortization 389.3 342.8 324.8
Taxes Other Than Income Taxes 124.9 135.1 126.8
TOTAL EXPENSES 1,819.0 1,890.5 1,914.4
OPERATING INCOME 217.3 292.3 370.0
Other Income (Expense):      
Interest Income 14.2 18.9 17.7
Allowance for Equity Funds Used During Construction 13.5 11.5 4.9
Non-Service Cost Components of Net Periodic Benefit Cost 0.8 13.6 12.5
Interest Expense (105.5) (147.2) (137.4)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS) 140.3 189.1 267.7
Income Tax Expense (Benefit) (184.0) (33.3) (25.2)
Equity Earnings (Loss) of Unconsolidated Subsidiaries 1.4 1.4 1.4
NET INCOME 325.7 223.8 294.3
Net Income (Loss) Attributable to Noncontrolling Interests 4.5 3.5 4.2
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 321.2 220.3 290.1
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted 321.2 220.3 290.1
Electric Generation, Transmission and Distribution Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES 2,148.6 2,154.7 2,234.9
Sales to AEP Affiliates | SOUTHWESTERN ELECTRIC POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES 71.4 81.6 59.5
Provision for Refund | SOUTHWESTERN ELECTRIC POWER COMPANY | Affiliated Entity      
REVENUES      
TOTAL REVENUES (9.3) (34.8) (5.6)
Provision for Refund | SOUTHWESTERN ELECTRIC POWER COMPANY | Nonrelated Party      
REVENUES      
TOTAL REVENUES (181.9) (21.1) (6.3)
Other Revenues      
REVENUES      
TOTAL REVENUES 483.0 458.1 408.2
Other Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY      
REVENUES      
TOTAL REVENUES $ 7.5 $ 2.4 $ 1.9