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REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables)
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
Disaggregated Revenues from Contracts with Customers
Three Months Ended March 31, 2025
VIUT&DAEPTHCoG&MCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,352.3 $739.0 $— $— $— $— $2,091.3 
Commercial Revenues665.2 381.7 — — — — 1,046.9 
Industrial Revenues (a)617.8 123.1 — — — (0.2)740.7 
Other Retail Revenues54.4 15.4 — — — — 69.8 
Total Retail Revenues2,689.7 1,259.2 — — — (0.2)3,948.7 
Wholesale and Competitive Retail Revenues:
Generation Revenues 305.0 — — 51.0 — — 356.0 
Transmission Revenues (b)120.9 197.0 521.4 — — (450.2)389.1 
Retail, Trading and Marketing Revenues (c)— — — 838.1 (0.2)(16.2)821.7 
Total Wholesale and Competitive Retail Revenues
425.9 197.0 521.4 889.1 (0.2)(466.4)1,566.8 
Other Revenues from Contracts with Customers (d)51.6 61.9 8.8 1.0 43.2 (50.4)116.1 
Total Revenues from Contracts with Customers
3,167.2 1,518.1 530.2 890.1 43.0 (517.0)5,631.6 
Other Revenues:
Alternative Revenue Programs (a) (e)3.3 3.5 11.8 — — (15.3)3.3 
Other Revenues (a) (f)(32.7)4.9 0.1 (143.2)1.6 (2.2)(171.5)
Total Other Revenues(29.4)8.4 11.9 (143.2)1.6 (17.5)(168.2)
Total Revenues$3,137.8 $1,526.5 $542.1 $746.9 $44.6 $(534.5)$5,463.4 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEP Transmission Holdco were $411 million. The affiliated revenues for Vertically Integrated Utilities were $39 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Generation & Marketing were $16 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Corporate and Other were $29 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 March 31, 2024
VIUT&DAEPTHCoG&MCorporate and OtherReconciling AdjustmentsAEP Consolidated
(in millions)
Retail Revenues:
Residential Revenues$1,212.3 $703.8 $— $— $— $— $1,916.1 
Commercial Revenues645.1 397.0 — — — — 1,042.1 
Industrial Revenues (a)647.1 136.1 — — — (0.2)783.0 
Other Retail Revenues55.3 13.9 — — — — 69.2 
Total Retail Revenues2,559.8 1,250.8 — — — (0.2)3,810.4 
Wholesale and Competitive Retail Revenues:
Generation Revenues 235.9 — — 27.4 — 0.1 263.4 
Transmission Revenues (b)118.9 179.8 488.7 — — (418.6)368.8 
Renewable Generation Revenues (a)— — — 6.3 — (1.4)4.9 
Retail, Trading and Marketing Revenues (c)— — — 571.4 0.5 (46.2)525.7 
Total Wholesale and Competitive Retail Revenues
354.8 179.8 488.7 605.1 0.5 (466.1)1,162.8 
Other Revenues from Contracts with Customers (d)59.7 51.0 8.1 1.3 60.4 (68.7)111.8 
Total Revenues from Contracts with Customers
2,974.3 1,481.6 496.8 606.4 60.9 (535.0)5,085.0 
Other Revenues:
Alternative Revenue Programs (a) (e)(0.7)0.7 0.5 — — 1.0 1.5 
Other Revenues (a) (f)(25.7)7.9 — (42.9)(8.1)8.0 (60.8)
Total Other Revenues(26.4)8.6 0.5 (42.9)(8.1)9.0 (59.3)
Total Revenues$2,947.9 $1,490.2 $497.3 $563.5 $52.8 $(526.0)$5,025.7 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEP Transmission Holdco were $387 million. The remaining affiliated amounts were immaterial.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Generation & Marketing were $46 million. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Corporate and Other were $48 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 March 31, 2025
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$171.9 $— $606.4 $232.1 $567.2 $175.3 $192.6 
Commercial Revenues119.3 — 194.5 152.5 262.3 101.9 140.7 
Industrial Revenues (a)39.5 — 191.4 133.7 83.5 70.4 89.7 
Other Retail Revenues10.9 — 28.2 1.2 4.5 20.2 2.7 
Total Retail Revenues341.6 — 1,020.5 519.5 917.5 367.8 425.7 
Wholesale Revenues:
Generation Revenues (b)— — 89.6 195.1 — 4.1 55.7 
Transmission Revenues (c)173.3 505.9 41.8 10.4 23.7 13.8 38.9 
Total Wholesale Revenues173.3 505.9 131.4 205.5 23.7 17.9 94.6 
Other Revenues from Contracts with Customers (d)9.5 8.9 14.4 30.1 52.3 8.3 10.1 
Total Revenues from Contracts with Customers
524.4 514.8 1,166.3 755.1 993.5 394.0 530.4 
Other Revenues:
Alternative Revenue Programs (a) (e)(1.5)12.4 6.5 (0.2)5.0 0.1 0.8 
Other Revenues (a)0.1 (0.1)0.1 (32.7)5.0 (0.1)(0.1)
Total Other Revenues(1.4)12.3 6.6 (32.9)10.0 — 0.7 
Total Revenues$523.0 $527.1 $1,172.9 $722.2 $1,003.5 $394.0 $531.1 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for APCo were $45 million primarily related to the PPA with KGPCo.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEPTCo, APCo and SWEPCo were $407 million, $19 million and $10 million, respectively. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for I&M were $18 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 March 31, 2024
AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
Retail Revenues:
Residential Revenues$147.3 $— $526.3 $224.8 $556.5 $158.2 $182.4 
Commercial Revenues110.9 — 188.3 144.8 286.1 103.0 140.0 
Industrial Revenues (a)35.6 — 196.4 147.9 100.5 80.3 95.0 
Other Retail Revenues9.7 — 28.1 1.3 4.2 21.5 2.6 
Total Retail Revenues303.5 — 939.1 518.8 947.3 363.0 420.0 
Wholesale Revenues:
Generation Revenues (b)— — 85.1 137.3 — 2.2 47.1 
Transmission Revenues (c)155.9 475.4 47.1 10.1 23.8 10.8 39.6 
Total Wholesale Revenues155.9 475.4 132.2 147.4 23.8 13.0 86.7 
Other Revenues from Contracts with Customers (d)8.8 8.1 21.7 27.6 42.2 12.0 9.6 
Total Revenues from Contracts with Customers
468.2 483.5 1,093.0 693.8 1,013.3 388.0 516.3 
Other Revenues:
Alternative Revenue Programs (a) (e)(1.8)(0.7)(0.1)(0.5)2.6 (0.2)(0.1)
Other Revenues (a)— — 0.1 (25.9)7.9 — — 
Total Other Revenues(1.8)(0.7)— (26.4)10.5 (0.2)(0.1)
Total Revenues$466.4 $482.8 $1,093.0 $667.4 $1,023.8 $387.8 $516.2 

(a)Amounts include affiliated and nonaffiliated revenues.
(b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for APCo were $41 million primarily related to the PPA with KGPCo.
(c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo, APCo and SWEPCo were $384 million, $21 million and $14 million, respectively. The remaining affiliated amounts were immaterial.
(d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for I&M were $18 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
The following table represents the Registrants’ remaining fixed performance obligations satisfied over time as of March 31, 2025. Fixed performance obligations primarily include electricity sales for fixed amounts of energy and stand ready services into PJM’s RPM market. The Registrants elected to apply the exemption to not disclose the value of unsatisfied performance obligations for contracts with an original expected term of one year or less. Due to the annual establishment of revenue requirements, transmission revenues are excluded from the table below. The Registrant Subsidiaries amounts shown in the table below include affiliated and nonaffiliated revenues.
Company20252026-20272028-2029After 2029Total
(in millions)
AEP$70.2 $143.2 $48.6 $16.0 $278.0 
APCo12.0 31.9 24.0 11.5 79.4 
I&M3.3 8.8 6.8 2.4 21.3 
Affiliated Accounts Receivable Contracts with Customers
The following table represents the amount of affiliated accounts receivable from contracts with customers included in Accounts Receivable - Affiliated Companies on the Registrant Subsidiaries’ balance sheets:

AEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
(in millions)
March 31, 2025$— $141.0 $82.4 $57.1 $65.1 $13.3 $19.5 
December 31, 2024— 131.6 83.7 55.0 63.6 13.0 21.4