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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - AEP Transmission Holdco - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES        
TOTAL REVENUES $ 6,010.4 $ 5,420.1 $ 16,560.7 $ 15,025.0
EXPENSES        
Other Operation 797.8 805.8 2,087.8 2,385.4
Maintenance 405.1 343.7 1,114.3 1,012.7
Depreciation and Amortization 879.6 852.7 2,566.1 2,461.7
Taxes Other Than Income Taxes 426.3 407.2 1,213.3 1,211.2
TOTAL EXPENSES 4,489.0 4,068.6 12,356.0 11,817.0
OPERATING INCOME 1,521.4 1,351.5 4,204.7 3,208.0
Other Income (Expense):        
Allowance for Equity Funds Used During Construction 58.5 54.2 172.9 153.0
Interest Expense (508.5) (498.8) (1,492.9) (1,400.0)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 1,117.9 981.9 3,024.2 2,145.2
Income Tax Expense (Benefit) 138.7 37.5 13.3 (97.7)
NET INCOME 1,000.3 961.7 3,090.8 2,309.9
Net Income Attributable to Noncontrolling Interest 28.3 2.1 92.8 6.9
EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 972.0 959.6 2,998.0 2,303.0
EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted 972.0 959.6 2,998.0 2,303.0
Nonrelated Party        
REVENUES        
TOTAL REVENUES 6,010.4 5,420.1 16,560.7 15,025.0
AEPTCo        
REVENUES        
TOTAL REVENUES 558.0 497.2 1,826.9 1,455.2
EXPENSES        
Other Operation 41.3 31.7 106.1 101.6
Maintenance 8.6 5.7 20.4 16.0
Depreciation and Amortization 121.3 108.2 354.3 320.8
Taxes Other Than Income Taxes 85.9 79.7 235.8 228.6
TOTAL EXPENSES 257.1 225.3 716.6 667.0
OPERATING INCOME 300.9 271.9 1,110.3 788.2
Other Income (Expense):        
Interest Income 1.3 3.1 3.1 9.3
Allowance for Equity Funds Used During Construction 20.8 24.3 64.7 64.7
Interest Expense (61.3) (54.3) (172.9) (160.5)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 261.7 245.0 1,005.2 701.7
Income Tax Expense (Benefit) 56.2 53.7 (28.3) 153.5
NET INCOME 205.5 191.3 1,033.5 548.2
Net Income Attributable to Noncontrolling Interest 26.6 0.0 87.3 0.0
EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 178.9 191.3 946.2 548.2
EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted 178.9 191.3 946.2 548.2
AEPTCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 450.1 395.9 1,470.0 1,157.1
AEPTCo | Nonrelated Party        
REVENUES        
TOTAL REVENUES 107.9 101.1 356.8 295.1
Transmission Revenues | AEPTCo        
REVENUES        
TOTAL REVENUES 107.9 103.3 324.6 299.0
Sales to AEP Affiliates | AEPTCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 450.1 404.4 1,350.2 1,188.2
(Provision for)/Reversal of – Revenue Refund | AEPTCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 0.0 (8.5) 119.8 (31.1)
(Provision for)/Reversal of – Revenue Refund | AEPTCo | Nonrelated Party        
REVENUES        
TOTAL REVENUES 0.0 (2.2) 32.2 (3.9)
Other Revenues        
REVENUES        
TOTAL REVENUES 125.2 119.1 415.8 380.4
Other Revenues | AEPTCo        
REVENUES        
TOTAL REVENUES $ 0.0 $ 0.2 $ 0.1 $ 3.0