XML 278 R44.htm IDEA: XBRL DOCUMENT v3.22.1
Acquisitions and Dispositions (Details)
3 Months Ended
Mar. 31, 2022
USD ($)
MW
Mar. 31, 2021
USD ($)
Dec. 31, 2021
USD ($)
Obligations Under Operating Leases $ 563,300,000   $ 492,800,000
Asset Retirement Obligation, Liabilities Settled [1],[2],[3],[4],[5] 4,900,000    
Additional Paid in Capital 7,964,500,000   7,172,600,000
Property, Plant and Equipment 24,386,600,000   23,088,100,000
Noncontrolling Interests 246,800,000   247,000,000.0
Customers 743,100,000   720,900,000
Materials and Supplies 696,400,000   681,300,000
Property, Plant and Equipment, Net 67,878,000,000   66,001,300,000
Regulatory Assets, Noncurrent 4,087,600,000   4,142,300,000
Assets Held for Sale 2,972,600,000   2,919,700,000
Accounts Payable, Current 1,694,300,000   2,054,600,000
Long-term Debt Due Within One Year [6] 3,008,400,000   2,153,800,000
Customer Deposits, Current 356,200,000   321,600,000
Deferred Tax Liabilities, Net, Noncurrent 8,324,900,000   8,202,500,000
Long-term Debt [7] 30,855,700,000   31,300,700,000
Regulatory Liabilities and Deferred Investment Tax Credits 8,486,600,000   8,686,300,000
Liabilities Held for Sale 1,873,700,000   1,880,900,000
Dry Lake Solar Project      
Payments to Acquire Property, Plant, and Equipment 0 $ 102,900,000  
North Central Wind Energy Facilities      
Payments to Acquire Property, Plant, and Equipment $ 1,207,300,000 0  
Mitchell Power Plant      
Approximate OVEC Generating Capacity (MWs) | MW 1,560    
Dry Lake Solar Project      
Percentage of an Asset Acquired 75.00%    
Noncash or Part Noncash Acquisition, Other Assets Acquired   18,900,000  
Dry Lake Solar Project | Noncontrolling Interest [Member]      
Noncash or Part Noncash Acquisition, Other Assets Acquired   18,900,000  
North Central Wind Energy Facilities      
Payments to Acquire Property, Plant, and Equipment $ 2,000,000,000    
Generation And Marketing [Member] | Dry Lake Solar Project      
Payments to Acquire Property, Plant, and Equipment 114,000,000    
Generation And Marketing [Member] | Dry Lake Solar Project | Payment at Closing      
Payments to Acquire Property, Plant, and Equipment 103,000,000    
Generation And Marketing [Member] | Dry Lake Solar Project | Payment When Put in Service      
Payments to Acquire Property, Plant, and Equipment 11,000,000    
Generation And Marketing [Member] | Dry Lake Solar Project      
Property, Plant and Equipment 145,000,000    
Noncontrolling Interests $ 35,000,000    
Solar Generation MWs | MW 100    
Generation And Marketing [Member] | Dry Lake Solar Project | Noncontrolling Interest [Member]      
Noncash or Part Noncash Acquisition, Other Assets Acquired $ 16,000,000    
Vertically Integrated Utilities [Member]      
Enterprise Value 2,850,000,000    
Proceeds from Divestiture of Businesses 1,400,000,000    
Payment for Alleged Future Increased Costs 578,000,000    
Reduction of Purchase Price 20,000,000    
Customer Refunds due to Disposition 40,000,000    
Vertically Integrated Utilities [Member] | Kentucky Power Company and Kentucky Transmission Company      
Customers 75,300,000   33,200,000
Materials and Supplies 37,400,000   30,600,000
Property, Plant and Equipment, Net 2,323,100,000   2,302,700,000
Regulatory Assets, Noncurrent 492,700,000   484,700,000
Disposal Group, Including Discontinued Operation, Other Assets 44,100,000   68,500,000
Assets Held for Sale 2,972,600,000   2,919,700,000
Accounts Payable, Current 57,500,000   53,400,000
Long-term Debt Due Within One Year 200,000,000.0   200,000,000.0
Customer Deposits, Current 34,200,000   32,400,000
Deferred Tax Liabilities, Net, Noncurrent 440,900,000   441,600,000
Long-term Debt 903,200,000   903,100,000
Regulatory Liabilities and Deferred Investment Tax Credits 140,200,000   148,100,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Current 97,700,000   102,300,000
Liabilities Held for Sale $ 1,873,700,000   1,880,900,000
Vertically Integrated Utilities [Member] | Sundance [Member]      
Wind Generation MWs | MW 199    
Vertically Integrated Utilities [Member] | Sundance [Member] | North Central Wind Energy Facilities      
Payments to Acquire Property, Plant, and Equipment $ 270,000,000    
Vertically Integrated Utilities [Member] | Maverick [Member]      
Wind Generation MWs | MW 287    
Vertically Integrated Utilities [Member] | Maverick [Member] | North Central Wind Energy Facilities      
Payments to Acquire Property, Plant, and Equipment $ 383,000,000    
Vertically Integrated Utilities [Member] | Traverse [Member]      
Wind Generation MWs | MW 998    
Vertically Integrated Utilities [Member] | Traverse [Member] | North Central Wind Energy Facilities      
Payments to Acquire Property, Plant, and Equipment $ 1,200,000,000    
Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities      
Wind Generation MWs | MW 1,484    
Transmission Operations [Member]      
Enterprise Value $ 2,850,000,000    
Payment for Alleged Future Increased Costs 578,000,000    
Reduction of Purchase Price 20,000,000    
Customer Refunds due to Disposition 40,000,000    
Transmission Operations [Member] | Kentucky Transmission Company      
Customers 1,800,000   1,500,000
Materials and Supplies 0   0
Property, Plant and Equipment, Net 165,800,000   165,300,000
Regulatory Assets, Noncurrent 0   0
Disposal Group, Including Discontinued Operation, Other Assets 2,300,000   1,100,000
Assets Held for Sale 169,900,000   167,900,000
Accounts Payable, Current 1,100,000   1,100,000
Long-term Debt Due Within One Year 0   0
Customer Deposits, Current 0   0
Deferred Tax Liabilities, Net, Noncurrent 15,800,000   15,400,000
Long-term Debt 0   0
Regulatory Liabilities and Deferred Investment Tax Credits 7,800,000   7,600,000
Disposal Group, Including Discontinued Operation, Other Liabilities, Current 2,900,000   3,500,000
Liabilities Held for Sale $ 27,600,000   27,600,000
Public Service Co Of Oklahoma [Member]      
Percentage of an Asset Acquired 45.50%    
Obligations Under Operating Leases $ 100,900,000   62,200,000
Asset Retirement Obligation, Liabilities Settled [3],[4] 0    
Additional Paid in Capital 1,039,000,000   1,039,000,000
Property, Plant and Equipment 2,375,500,000   1,802,400,000
Payments to Acquire Property, Plant, and Equipment (549,300,000) 0  
Customers 40,700,000   41,500,000
Materials and Supplies 63,100,000   56,200,000
Property, Plant and Equipment, Net 5,404,500,000   4,802,800,000
Regulatory Assets, Noncurrent 1,042,000,000   1,037,400,000
Accounts Payable, Current 127,700,000   157,400,000
Long-term Debt Due Within One Year 625,500,000   125,500,000
Customer Deposits, Current 58,200,000   56,200,000
Deferred Tax Liabilities, Net, Noncurrent 779,000,000.0   782,300,000
Long-term Debt 1,788,100,000   1,788,000,000
Regulatory Liabilities and Deferred Investment Tax Credits 831,300,000   835,300,000
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities      
Obligations Under Operating Leases 70,600,000   30,600,000
Property, Plant and Equipment 887,000,000    
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities | Sundance [Member]      
Obligations Under Operating Leases 12,600,000   12,600,000
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities | Maverick [Member]      
Obligations Under Operating Leases 18,000,000.0   18,000,000.0
Public Service Co Of Oklahoma [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities | Traverse [Member]      
Obligations Under Operating Leases $ 40,000,000.0   0
Southwestern Electric Power Co [Member]      
Percentage of an Asset Acquired 54.50%    
Obligations Under Operating Leases $ 124,200,000   77,700,000
Asset Retirement Obligation, Liabilities Settled [2],[3],[4] 4,100,000    
Additional Paid in Capital 1,442,200,000   1,092,200,000
Property, Plant and Equipment 5,434,300,000   4,734,500,000
Noncontrolling Interests 100,000   (100,000)
Payments to Acquire Property, Plant, and Equipment (658,000,000.0) $ 0  
Customers 31,500,000   35,800,000
Materials and Supplies 84,300,000   81,900,000
Property, Plant and Equipment, Net 8,087,300,000   7,400,100,000
Regulatory Assets, Noncurrent 962,300,000   1,005,300,000
Accounts Payable, Current 125,100,000   163,600,000
Long-term Debt Due Within One Year 6,200,000   6,200,000
Customer Deposits, Current 64,100,000   62,400,000
Deferred Tax Liabilities, Net, Noncurrent 1,084,500,000   1,087,600,000
Long-term Debt 3,387,900,000   3,389,000,000
Regulatory Liabilities and Deferred Investment Tax Credits 822,100,000   806,900,000
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities      
Obligations Under Operating Leases 84,600,000   36,700,000
Property, Plant and Equipment 1,100,000,000    
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities | Sundance [Member]      
Obligations Under Operating Leases 15,000,000.0   15,100,000
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities | Maverick [Member]      
Obligations Under Operating Leases 21,600,000   21,600,000
Southwestern Electric Power Co [Member] | Vertically Integrated Utilities [Member] | North Central Wind Energy Facilities | Traverse [Member]      
Obligations Under Operating Leases $ 48,000,000.0   0
Kentucky Power Co [Member] | Mitchell Power Plant      
Ownership Interest in Mitchell Power Plant 50.00%    
Wheeling Power Company | Mitchell Power Plant      
Ownership Interest in Mitchell Power Plant 50.00%    
AEP Transmission Co [Member]      
Obligations Under Operating Leases $ 1,900,000   1,300,000
Customers 29,500,000   22,500,000
Materials and Supplies 10,100,000   9,300,000
Property, Plant and Equipment, Net 12,163,800,000   11,935,700,000
Regulatory Assets, Noncurrent 6,400,000   8,500,000
Assets Held for Sale 169,900,000   167,900,000
Accounts Payable, Current 295,900,000   460,100,000
Long-term Debt Due Within One Year 104,000,000.0   104,000,000.0
Deferred Tax Liabilities, Net, Noncurrent 990,000,000.0   962,900,000
Long-term Debt 4,240,500,000   4,239,900,000
Regulatory Liabilities and Deferred Investment Tax Credits 660,500,000   644,100,000
Liabilities Held for Sale 27,600,000   $ 27,600,000
AEP Transmission Co [Member] | Transmission Operations [Member]      
Proceeds from Divestiture of Businesses $ 1,400,000,000    
[1] Includes $19 million and $18 million as of March 31, 2022 and December 31, 2021, respectively, of ARO classified as Liabilities Held for Sale on the balance sheets. See “Disposition of KPCo and KTCo” section of Note 6 for additional information.
[2] Includes ARO related to Sabine and DHLC.
[3] Includes ARO related to asbestos removal.
[4] Includes ARO related to ash disposal facilities.
[5] Includes ARO related to nuclear decommissioning costs for the Cook Plant of $1.94 billion and $1.93 billion as of March 31, 2022 and December 31, 2021, respectively.
[6] Amount excludes $200 million and $200 million as of March 31, 2022 and December 31, 2021, respectively, of Long-term Debt Due Within One Year classified as Liabilities Held for Sale on the balance sheet. See “Disposition of KPCo and KTCo” section of Note 6 for additional information.
[7] Amount excludes $903 million and $903 million as of March 31, 2022 and December 31, 2021, respectively, of Long-term Debt classified as Liabilities Held for Sale on the balance sheet. See “Disposition of KPCo and KTCo” section of Note 6 for additional information.