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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - SWEPCo - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
TOTAL REVENUES $ 6,020 $ 5,463
EXPENSES    
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 2,118 1,853
Other Operation 750 752
Maintenance 411 319
Asset Impairments and Other Related Charges 31 0
Depreciation and Amortization 907 833
Taxes Other Than Income Taxes 443 422
TOTAL EXPENSES 4,660 4,179
OPERATING INCOME 1,360 1,284
Other Income (Expense):    
Allowance for Equity Funds Used During Construction 70 57
Non-Service Cost Components of Net Periodic Benefit Cost 38 35
Interest Expense (552) (495)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 922 889
Income Tax Expense (Benefit) 44 125
NET INCOME 903 802
Net Income Attributable to Noncontrolling Interests 29 2
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 874 800
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 874 800
SOUTHWESTERN ELECTRIC POWER COMPANY    
REVENUES    
TOTAL REVENUES 571 531
EXPENSES    
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 171 191
Other Operation 118 97
Maintenance 46 35
Asset Impairments and Other Related Charges 31 0
Depreciation and Amortization 121 98
Taxes Other Than Income Taxes 37 35
TOTAL EXPENSES 524 456
OPERATING INCOME 47 75
Other Income (Expense):    
Interest Income 2 2
Allowance for Equity Funds Used During Construction 8 3
Non-Service Cost Components of Net Periodic Benefit Cost 1 2
Interest Expense (50) (39)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 8 43
Income Tax Expense (Benefit) (49) (6)
NET INCOME 57 49
Net Income Attributable to Noncontrolling Interests 1 1
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 56 48
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 56 48
Electric Generation, Transmission and Distribution | SOUTHWESTERN ELECTRIC POWER COMPANY    
REVENUES    
TOTAL REVENUES 548 517
Sales to AEP Affiliates | SOUTHWESTERN ELECTRIC POWER COMPANY    
REVENUES    
TOTAL REVENUES 22 11
Other Revenues    
REVENUES    
TOTAL REVENUES 130 132
Other Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY    
REVENUES    
TOTAL REVENUES $ 1 $ 3