XML 69 R28.htm IDEA: XBRL DOCUMENT v3.25.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - I&M - 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        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 1,980.2 1,659.2 5,374.5 4,603.5
Other Operation 797.8 805.8 2,087.8 2,385.4
Maintenance 405.1 343.7 1,114.3 1,012.7
Asset Impairments and Other Related Charges 0.0 0.0 0.0 142.5
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):        
Other Income 12.1 28.5 35.4 55.2
Non-Service Cost Components of Net Periodic Benefit Cost 34.4 46.5 104.1 129.0
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 138.7 37.5 13.3 (97.7)
Nonrelated Party        
REVENUES        
TOTAL REVENUES 6,010.4 5,420.1 16,560.7 15,025.0
I&M        
REVENUES        
TOTAL REVENUES 812.2 733.5 2,271.6 1,995.2
EXPENSES        
Other Operation 188.8 180.0 537.2 548.5
Maintenance 70.8 58.1 218.7 173.7
Asset Impairments and Other Related Charges 0.0 0.0 0.0 13.4
Depreciation and Amortization 133.7 132.6 386.4 359.2
Taxes Other Than Income Taxes 23.0 21.0 70.8 68.9
TOTAL EXPENSES 646.0 572.9 1,893.4 1,659.6
OPERATING INCOME 166.2 160.6 378.2 335.6
Other Income (Expense):        
Other Income 5.6 3.3 14.0 9.7
Non-Service Cost Components of Net Periodic Benefit Cost 4.8 6.8 15.2 20.0
Interest Expense (38.0) (35.7) (111.7) (98.9)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 138.6 135.0 295.7 266.4
Income Tax Expense (11.1) (44.1) (35.6) (92.9)
NET INCOME 149.7 179.1 331.3 359.3
I&M | Affiliated Entity        
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 71.9 63.0 214.3 169.0
I&M | Nonrelated Party        
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 157.8 118.2 466.0 326.9
Electric Generation, Transmission and Distribution | I&M        
REVENUES        
TOTAL REVENUES 841.2 727.2 2,335.9 1,959.5
Sales to AEP Affiliates | I&M | Affiliated Entity        
REVENUES        
TOTAL REVENUES 3.9 2.2 9.3 9.9
(Provision for)/Reversal of – Revenue Refund | I&M | Affiliated Entity        
REVENUES        
TOTAL REVENUES 0.0 (0.9) 8.5 (4.7)
(Provision for)/Reversal of – Revenue Refund | I&M | Nonrelated Party        
REVENUES        
TOTAL REVENUES (51.0) (12.3) (134.9) (27.2)
Other Revenues        
REVENUES        
TOTAL REVENUES 125.2 119.1 415.8 380.4
Other Revenues | I&M | Affiliated Entity        
REVENUES        
TOTAL REVENUES 16.9 15.2 46.8 50.7
Other Revenues | I&M | Nonrelated Party        
REVENUES        
TOTAL REVENUES $ 1.2 $ 2.1 $ 6.0 $ 7.0