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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - SWEPCo - 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
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
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 (Benefit) 138.7 37.5 13.3 (97.7)
Equity Earnings of Unconsolidated Subsidiaries 21.1 17.3 79.9 67.0
NET INCOME 1,000.3 961.7 3,090.8 2,309.9
Net Income Attributable to Noncontrolling Interests 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
SWEPCo        
REVENUES        
TOTAL REVENUES 723.9 638.8 1,825.4 1,550.8
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 192.4 204.1 575.8 582.1
Other Operation 122.1 95.1 326.9 324.3
Maintenance 54.8 35.3 139.7 125.9
Depreciation and Amortization 128.0 117.7 334.0 297.6
Taxes Other Than Income Taxes 35.8 34.1 99.9 93.8
TOTAL EXPENSES 533.1 486.3 1,476.3 1,423.7
OPERATING INCOME 190.8 152.5 349.1 127.1
Other Income (Expense):        
Interest Income 3.5 3.1 8.4 11.4
Allowance for Equity Funds Used During Construction 7.3 2.9 14.3 9.7
Non-Service Cost Components of Net Periodic Benefit Cost 1.7 2.6 5.1 7.6
Interest Expense (36.9) (31.9) (109.8) (75.1)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 166.4 129.2 267.1 80.7
Income Tax Expense (Benefit) (23.3) (10.5) (87.9) (198.8)
Equity Earnings of Unconsolidated Subsidiaries 0.2 0.4 0.8 1.1
NET INCOME 189.9 140.1 355.8 280.6
Net Income Attributable to Noncontrolling Interests 0.7 1.0 2.5 3.5
EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS, Basic 189.2 139.1 353.3 277.1
EARNINGS (LOSS) ATTRIBUTABLE TO COMMON SHAREHOLDERS, Diluted 189.2 139.1 353.3 277.1
Electric Generation, Transmission and Distribution | SWEPCo        
REVENUES        
TOTAL REVENUES 694.3 625.1 1,760.7 1,680.5
Sales to AEP Affiliates | SWEPCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 28.2 19.7 63.7 50.5
(Provision for)/Reversal of – Revenue Refund – Nonaffiliated | SWEPCo        
REVENUES        
TOTAL REVENUES (4.6) (6.7) (9.1) (187.2)
Other Revenues        
REVENUES        
TOTAL REVENUES 125.2 119.1 415.8 380.4
Other Revenues | SWEPCo        
REVENUES        
TOTAL REVENUES $ 6.0 $ 0.7 $ 10.1 $ 7.0