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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - SWEPCo - USD ($)
$ in Millions
Total
Common Stock
Paid-in Capital
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
SOUTHWESTERN ELECTRIC POWER COMPANY
SOUTHWESTERN ELECTRIC POWER COMPANY
Common Stock
SOUTHWESTERN ELECTRIC POWER COMPANY
Paid-in Capital
SOUTHWESTERN ELECTRIC POWER COMPANY
Retained Earnings
SOUTHWESTERN ELECTRIC POWER COMPANY
Accumulated Other Comprehensive Income (Loss)
SOUTHWESTERN ELECTRIC POWER COMPANY
Noncontrolling Interests
Beginning balance at Dec. 31, 2022 $ 24,123 $ 3,413 $ 8,051 $ 12,346 $ 84 $ 229 $ 3,675 $ 0 $ 1,442 $ 2,236 $ (4) $ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Capital Contribution from Parent             50   50      
Common Stock Dividends (1,752)     (1,752) [1]     (175)     (175)    
Common Stock Dividends – Nonaffiliated (8)         (8) (5)         (5)
Net Income (Loss) 2,213     2,208   5 224     220    
Other Comprehensive Income (Loss) (139)       (139)   1       1 4
Ending balance at Dec. 31, 2023 25,286 3,428 9,074 12,800 (55) 39 3,770 0 1,492 2,281 (3) 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Capital Contribution from Parent             59   59      
Return of Capital to Parent             (1)   (1)      
Common Stock Dividends (1,898)     (1,898) [1]     (250)     (250)    
Common Stock Dividends – Nonaffiliated (6)         (6) (5)         (5)
Net Income (Loss) 2,976     2,967   9 326     321   5
Other Comprehensive Income (Loss) 52       52   6       6  
Ending balance at Dec. 31, 2024 26,986 3,472 9,606 13,869 (3) 42 3,905 0 1,550 2,352 3 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]                        
Capital Contribution from Parent             601   601      
Common Stock Dividends (2,008)     (2,008) [1]                
Common Stock Dividends – Nonaffiliated (108)         (108) (3)         (3)
Net Income (Loss) 3,696     3,580   116 391     388   3
Other Comprehensive Income (Loss) 39       39   5       5  
Ending balance at Dec. 31, 2025 $ 32,218 $ 3,523 $ 12,138 $ 15,441 $ 36 $ 1,080 $ 4,899 $ 0 $ 2,151 $ 2,740 $ 8 $ 0
[1] Cash dividends declared per AEP common share were $3.74, $3.57 and $3.37 for the years ended December 31, 2025, 2024 and 2023, respectively.