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Revenue from Contracts with Customers (Tables)
 6 Months Ended
Jun. 30, 2024
Disaggregated Revenues from Contracts with Customers
Three Months Ended June 30, 2024
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$949.0 $650.2 $— $— $— $— $1,599.2 
Commercial Revenues649.8 391.1 — — — — 1,040.9 
Industrial Revenues (a)652.8 123.0 — — — (0.1)775.7 
Other Retail Revenues55.8 13.7 — — — — 69.5 
Total Retail Revenues2,307.4 1,178.0 — — — (0.1)3,485.3 
Wholesale and Competitive Retail Revenues:
Generation Revenues 149.0 — — 23.7 — (0.1)172.6 
Transmission Revenues (b)123.0 208.3 496.6 — — (397.0)430.9 
Renewable Generation Revenues (a)— — — 8.2 — (1.4)6.8 
Retail, Trading and Marketing Revenues (c)— — — 485.5 0.3 (23.7)462.1 
Total Wholesale and Competitive Retail Revenues
272.0 208.3 496.6 517.4 0.3 (422.2)1,072.4 
Other Revenues from Contracts with Customers (d)47.4 38.9 6.2 1.0 55.2 (48.8)99.9 
Total Revenues from Contracts with Customers
2,626.8 1,425.2 502.8 518.4 55.5 (471.1)4,657.6 
Other Revenues:
Alternative Revenue Programs (a) (e)(12.1)6.7 (12.9)— — (17.3)(35.6)
Other Revenues (a) (f)4.3 4.0 — (50.9)2.2 (2.4)(42.8)
Total Other Revenues(7.8)10.7 (12.9)(50.9)2.2 (19.7)(78.4)
Total Revenues$2,619.0 $1,435.9 $489.9 $467.5 $57.7 $(490.8)$4,579.2 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $393 million. The affiliated revenue for Vertically Integrated Utilities was $41 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $24 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $30 million. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(f)Generation & Marketing includes economic hedge activity.
Three Months Ended June 30, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$962.0 $574.1 $— $— $— $— $1,536.1 
Commercial Revenues642.7 358.3 — — — — 1,001.0 
Industrial Revenues698.9 152.1 — — — (0.1)850.9 
Other Retail Revenues58.9 12.3 — — — — 71.2 
Total Retail Revenues2,362.5 1,096.8 — — — (0.1)3,459.2 
Wholesale and Competitive Retail Revenues:
Generation Revenues 141.4 — — 19.6 — 0.1 161.1 
Transmission Revenues (a)113.5 184.1 455.8 — — (402.8)350.6 
Renewable Generation Revenues (b)— — — 33.1 — (3.1)30.0 
Retail, Trading and Marketing Revenues (b)— — — 407.7 1.2 (10.1)398.8 
Total Wholesale and Competitive Retail Revenues
254.9 184.1 455.8 460.4 1.2 (415.9)940.5 
Other Revenues from Contracts with Customers (c)61.9 56.1 4.3 6.2 28.6 (39.9)117.2 
Total Revenues from Contracts with Customers
2,679.3 1,337.0 460.1 466.6 29.8 (455.9)4,516.9 
Other Revenues:
Alternative Revenue Programs (b) (d)(4.9)(2.9)(1.5)— — (6.3)(15.6)
Other Revenues (b) (e)0.1 6.1 — (135.2)2.2 (2.0)(128.8)
Total Other Revenues(4.8)3.2 (1.5)(135.2)2.2 (8.3)(144.4)
Total Revenues$2,674.5 $1,340.2 $458.6 $331.4 $32.0 $(464.2)$4,372.5 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $360 million. The remaining affiliated amounts were immaterial.
(b)Amounts include affiliated and nonaffiliated revenues.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $26 million. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Generation & Marketing includes economic hedge activity.
Three Months Ended June 30, 2024
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$184.9 $— $364.8 $190.5 $465.3 $187.8 $120.7 
Commercial Revenues115.0 — 187.1 150.8 276.1 130.1 100.7 
Industrial Revenues (a)34.0 — 205.9 153.1 89.0 91.1 72.3 
Other Retail Revenues9.3 — 28.1 1.3 4.5 25.9 1.7 
Total Retail Revenues343.2 — 785.9 495.7 834.9 434.9 295.4 
Wholesale Revenues:
Generation Revenues (b)— — 72.1 54.8 — 2.7 50.1 
Transmission Revenues (c)184.8 483.2 45.6 10.0 23.6 10.2 46.7 
Total Wholesale Revenues184.8 483.2 117.7 64.8 23.6 12.9 96.8 
Other Revenues from Contracts with Customers (d)10.4 6.2 13.1 29.4 28.5 12.4 7.6 
Total Revenues from Contracts with Customers
538.4 489.4 916.7 589.9 887.0 460.2 399.8 
Other Revenues:
Alternative Revenue Programs (a) (e)1.2 (14.2)(6.5)— 5.3 (1.4)(4.0)
Other Revenues (a)— — — 4.4 4.0 — — 
Total Other Revenues1.2 (14.2)(6.5)4.4 9.3 (1.4)(4.0)
Total Revenues$539.6 $475.2 $910.2 $594.3 $896.3 $458.8 $395.8 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $36 million primarily related to the PPA with KGPCo.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $389 million, APCo was $22 million and SWEPCo was $15 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $23 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
Three Months Ended June 30, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$144.9 $— $324.8 $185.2 $429.3 $186.5 $185.1 
Commercial Revenues100.6 — 163.6 141.4 257.8 131.7 153.8 
Industrial Revenues35.2 — 192.5 155.9 116.8 107.8 110.6 
Other Retail Revenues8.7 — 25.2 1.2 3.6 28.3 2.6 
Total Retail Revenues289.4 — 706.1 483.7 807.5 454.3 452.1 
Wholesale Revenues:
Generation Revenues (a)— — 64.2 63.5 — 4.3 43.9 
Transmission Revenues (b)163.1 444.7 43.9 9.6 21.0 9.9 38.3 
Total Wholesale Revenues163.1 444.7 108.1 73.1 21.0 14.2 82.2 
Other Revenues from Contracts with Customers (c)10.7 4.1 11.8 45.0 45.5 7.2 7.0 
Total Revenues from Contracts with Customers
463.2 448.8 826.0 601.8 874.0 475.7 541.3 
Other Revenues:
Alternative Revenue Programs (d) (e)(2.0)(3.9)0.5 (2.6)(0.9)(1.0)(3.5)
Other Revenues (e)— — — — 6.0 — — 
Total Other Revenues(2.0)(3.9)0.5 (2.6)5.1 (1.0)(3.5)
Total Revenues$461.2 $444.9 $826.5 $599.2 $879.1 $474.7 $537.8 

(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $38 million primarily related to the PPA with KGPCo.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $357 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $17 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(d)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(e)Amounts include affiliated and nonaffiliated revenues.
Six Months Ended June 30, 2024
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$2,161.3 $1,354.0 $— $— $— $— $3,515.3 
Commercial Revenues1,294.9 788.1 — — — — 2,083.0 
Industrial Revenues (a)1,299.9 259.1 — — — (0.3)1,558.7 
Other Retail Revenues111.1 27.6 — — — — 138.7 
Total Retail Revenues4,867.2 2,428.8 — — — (0.3)7,295.7 
Wholesale and Competitive Retail Revenues:
Generation Revenues384.9 — — 51.1 — — 436.0 
Transmission Revenues (b)241.9 388.1 985.3 — — (815.6)799.7 
Renewable Generation Revenues (a)— — — 14.5 — (2.8)11.7 
Retail, Trading and Marketing Revenues (c)— — — 1,056.9 0.8 (69.9)987.8 
Total Wholesale and Competitive Retail Revenues626.8 388.1 985.3 1,122.5 0.8 (888.3)2,235.2 
Other Revenues from Contracts with Customers (d)107.1 89.9 14.3 2.3 115.6 (117.5)211.7 
Total Revenues from Contracts with Customers
5,601.1 2,906.8 999.6 1,124.8 116.4 (1,006.1)9,742.6 
Other Revenues:
Alternative Revenue Programs (a) (e)(12.8)7.4 (12.4)— — (16.3)(34.1)
Other Revenues (a) (f)(21.4)11.9 — (93.8)(5.9)5.6 (103.6)
Total Other Revenues(34.2)19.3 (12.4)(93.8)(5.9)(10.7)(137.7)
Total Revenues$5,566.9 $2,926.1 $987.2 $1,031.0 $110.5 $(1,016.8)$9,604.9 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $780 million. The affiliated revenue for Vertically Integrated Utilities was $83 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $70 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $79 million. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(f)Generation & Marketing includes economic hedge activity.
Six Months Ended June 30, 2023
Vertically Integrated UtilitiesTransmission and Distribution UtilitiesAEP Transmission HoldcoGeneration & MarketingCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$2,132.4 $1,230.9 $— $— $— $— $3,363.3 
Commercial Revenues1,276.1 734.2 — — — — 2,010.3 
Industrial Revenues (a)1,369.2 365.0 — — — (0.3)1,733.9 
Other Retail Revenues115.7 24.4 — — — — 140.1 
Total Retail Revenues4,893.4 2,354.5 — — — (0.3)7,247.6 
Wholesale and Competitive Retail Revenues:
Generation Revenues324.2 — — 52.0 — 0.1 376.3 
Transmission Revenues (b)228.2 348.3 905.9 — — (804.6)677.8 
Renewable Generation Revenues (a)— — — 54.4 — (3.2)51.2 
Retail, Trading and Marketing Revenues (c)
— — — 821.4 0.9 (10.0)812.3 
Total Wholesale and Competitive Retail Revenues
552.4 348.3 905.9 927.8 0.9 (817.7)1,917.6 
Other Revenues from Contracts with Customers (d)94.5 98.9 7.9 6.8 58.0 (83.6)182.5 
Total Revenues from Contracts with Customers
5,540.3 2,801.7 913.8 934.6 58.9 (901.6)9,347.7 
Other Revenues:
Alternative Revenue Programs (a) (e)(8.0)(14.5)0.3 — — (3.4)(25.6)
Other Revenues (a) (f)— 17.2 — (276.2)3.2 (2.9)(258.7)
Total Other Revenues(8.0)2.7 0.3 (276.2)3.2 (6.3)(284.3)
Total Revenues$5,532.3 $2,804.4 $914.1 $658.4 $62.1 $(907.9)$9,063.4 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $712 million. The affiliated revenue for Vertically Integrated Utilities was $80 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $10 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $55 million. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
(f)Generation & Marketing includes economic hedge activity.
Six Months Ended June 30, 2024
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$332.2 $— $891.1 $415.3 $1,021.8 $346.0 $303.1 
Commercial Revenues225.9 — 375.4 295.6 562.2 233.1 240.7 
Industrial Revenues (a)69.6 — 402.3 301.0 189.5 171.4 167.3 
Other Retail Revenues19.0 — 56.2 2.6 8.7 47.4 4.3 
Total Retail Revenues646.7 — 1,725.0 1,014.5 1,782.2 797.9 715.4 
Wholesale Revenues:
Generation Revenues (b)— — 157.2 192.1 — 4.9 97.2 
Transmission Revenues (c)340.7 958.6 92.7 20.1 47.4 21.0 86.3 
Total Wholesale Revenues340.7 958.6 249.9 212.2 47.4 25.9 183.5 
Other Revenues from Contracts with
Customers (d)
19.2 14.3 34.8 57.0 70.7 24.4 17.2 
Total Revenues from Contracts with Customers1,006.6 972.9 2,009.7 1,283.7 1,900.3 848.2 916.1 
Other Revenues:
Alternative Revenue Program (a) (e)(0.6)(14.9)(6.6)(0.5)7.9 (1.6)(4.1)
Other Revenues (a)— — 0.1 (21.5)11.9 — — 
Total Other Revenues(0.6)(14.9)(6.5)(22.0)19.8 (1.6)(4.1)
Total Revenues$1,006.0 $958.0 $2,003.2 $1,261.7 $1,920.1 $846.6 $912.0 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $77 million primarily related to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $773 million, APCo was $43 million and SWEPCo was $28 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $41 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
Six Months Ended June 30, 2023
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$275.6 $— $795.3 $424.8 $955.3 $357.4 $361.0 
Commercial Revenues197.9 — 334.9 280.3 536.3 240.8 297.3 
Industrial Revenues (a)74.5 — 378.3 308.5 290.4 206.1 214.8 
Other Retail Revenues17.0 — 51.4 2.5 7.4 52.5 5.2 
Total Retail Revenues565.0 — 1,559.9 1,016.1 1,789.4 856.8 878.3 
Wholesale Revenues:
Generation Revenues (b)— — 144.4 167.5 — 5.2 83.5 
Transmission Revenues (c)309.4 883.4 85.3 17.7 38.9 21.2 81.2 
Total Wholesale Revenues309.4 883.4 229.7 185.2 38.9 26.4 164.7 
Other Revenues from Contracts with
Customers (d)
20.4 7.8 24.8 66.4 78.7 9.5 14.9 
Total Revenues from Contracts with Customers894.8 891.2 1,814.4 1,267.7 1,907.0 892.7 1,057.9 
Other Revenues:
Alternative Revenue Program (a) (e)(4.1)(4.7)(0.2)(5.5)(10.4)(1.0)(4.2)
Other Revenues (a)— — — — 17.1 — — 
Total Other Revenues(4.1)(4.7)(0.2)(5.5)6.7 (1.0)(4.2)
Total Revenues$890.7 $886.5 $1,814.2 $1,262.2 $1,913.7 $891.7 $1,053.7 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $85 million primarily related to the PPA with KGPCo. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $706 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $35 million primarily related to barging, urea transloading and other transportation services. The remaining affiliated amounts were immaterial.
(e)Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over/under collection of related revenues.
Fixed Performance Obligations
Company20242025-20262027-2028After 2028Total
(in millions)
AEP$46.2 $168.3 $84.8 $24.7 $324.0 
APCo8.0 32.1 25.4 11.6 77.1 
I&M2.2 8.8 8.8 4.5 24.3 
Affiliated Accounts Receivable Contracts with Customers
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
June 30, 2024$0.2 $131.9 $74.2 $46.3 $65.2 $29.0 $44.0 
December 31, 2023— 123.2 71.7 44.0 70.1 12.4 27.4