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v3.24.2

Revenue from Contracts with Customers (Tables) | 6 Months Ended
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Jun. 30, 2024
Disaggregated Revenues from Contracts with Customers |
|  | Three Months Ended June 30, 2024
|  | Vertically Integrated Utilities |  | Transmission and Distribution Utilities |  | AEP Transmission Holdco |  | Generation & Marketing |  | Corporate and Other |  | Reconciling Adjustments |  | AEP Consolidated
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 949.0 |  |  | $ | 650.2 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,599.2 |
Commercial Revenues |  | 649.8 |  |  | 391.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,040.9 |
Industrial Revenues (a) |  | 652.8 |  |  | 123.0 |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | 775.7 |
Other Retail Revenues |  | 55.8 |  |  | 13.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 69.5 |
Total Retail Revenues |  | 2,307.4 |  |  | 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 Utilities |  | Transmission and Distribution Utilities |  | AEP Transmission Holdco |  | Generation & Marketing |  | Corporate and Other |  | Reconciling Adjustments |  | AEP Consolidated
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 962.0 |  |  | $ | 574.1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,536.1 |
Commercial Revenues |  | 642.7 |  |  | 358.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,001.0 |
Industrial Revenues |  | 698.9 |  |  | 152.1 |  |  | — |  |  | — |  |  | — |  |  | (0.1) |  |  | 850.9 |
Other Retail Revenues |  | 58.9 |  |  | 12.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 71.2 |
Total Retail Revenues |  | 2,362.5 |  |  | 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 Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 184.9 |  |  | $ | — |  |  | $ | 364.8 |  |  | $ | 190.5 |  |  | $ | 465.3 |  |  | $ | 187.8 |  |  | $ | 120.7 |
Commercial Revenues |  | 115.0 |  |  | — |  |  | 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 Revenues |  | 9.3 |  |  | — |  |  | 28.1 |  |  | 1.3 |  |  | 4.5 |  |  | 25.9 |  |  | 1.7 |
Total Retail Revenues |  | 343.2 |  |  | — |  |  | 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 Revenues |  | 184.8 |  |  | 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 Revenues |  | 1.2 |  |  | (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 Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 144.9 |  |  | $ | — |  |  | $ | 324.8 |  |  | $ | 185.2 |  |  | $ | 429.3 |  |  | $ | 186.5 |  |  | $ | 185.1 |
Commercial Revenues |  | 100.6 |  |  | — |  |  | 163.6 |  |  | 141.4 |  |  | 257.8 |  |  | 131.7 |  |  | 153.8 |
Industrial Revenues |  | 35.2 |  |  | — |  |  | 192.5 |  |  | 155.9 |  |  | 116.8 |  |  | 107.8 |  |  | 110.6 |
Other Retail Revenues |  | 8.7 |  |  | — |  |  | 25.2 |  |  | 1.2 |  |  | 3.6 |  |  | 28.3 |  |  | 2.6 |
Total Retail Revenues |  | 289.4 |  |  | — |  |  | 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 Revenues |  | 163.1 |  |  | 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 Utilities |  | Transmission and Distribution Utilities |  | AEP Transmission Holdco |  | Generation & Marketing |  | Corporate and Other |  | Reconciling Adjustments |  | AEP Consolidated
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 2,161.3 |  |  | $ | 1,354.0 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,515.3 |
Commercial Revenues |  | 1,294.9 |  |  | 788.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,083.0 |
Industrial Revenues (a) |  | 1,299.9 |  |  | 259.1 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 1,558.7 |
Other Retail Revenues |  | 111.1 |  |  | 27.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 138.7 |
Total Retail Revenues |  | 4,867.2 |  |  | 2,428.8 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 7,295.7 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 384.9 |  |  | — |  |  | — |  |  | 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 Revenues |  | 626.8 |  |  | 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 Utilities |  | Transmission and Distribution Utilities |  | AEP Transmission Holdco |  | Generation & Marketing |  | Corporate and Other |  | Reconciling Adjustments |  | AEP Consolidated
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 2,132.4 |  |  | $ | 1,230.9 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,363.3 |
Commercial Revenues |  | 1,276.1 |  |  | 734.2 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,010.3 |
Industrial Revenues (a) |  | 1,369.2 |  |  | 365.0 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 1,733.9 |
Other Retail Revenues |  | 115.7 |  |  | 24.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 140.1 |
Total Retail Revenues |  | 4,893.4 |  |  | 2,354.5 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 7,247.6 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 324.2 |  |  | — |  |  | — |  |  | 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 Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 332.2 |  |  | $ | — |  |  | $ | 891.1 |  |  | $ | 415.3 |  |  | $ | 1,021.8 |  |  | $ | 346.0 |  |  | $ | 303.1 |
Commercial Revenues |  | 225.9 |  |  | — |  |  | 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 Revenues |  | 19.0 |  |  | — |  |  | 56.2 |  |  | 2.6 |  |  | 8.7 |  |  | 47.4 |  |  | 4.3 |
Total Retail Revenues |  | 646.7 |  |  | — |  |  | 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 Revenues |  | 340.7 |  |  | 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 Customers |  | 1,006.6 |  |  | 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 Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 275.6 |  |  | $ | — |  |  | $ | 795.3 |  |  | $ | 424.8 |  |  | $ | 955.3 |  |  | $ | 357.4 |  |  | $ | 361.0 |
Commercial Revenues |  | 197.9 |  |  | — |  |  | 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 Revenues |  | 17.0 |  |  | — |  |  | 51.4 |  |  | 2.5 |  |  | 7.4 |  |  | 52.5 |  |  | 5.2 |
Total Retail Revenues |  | 565.0 |  |  | — |  |  | 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 Revenues |  | 309.4 |  |  | 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 Customers |  | 894.8 |  |  | 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 |
Company |  | 2024 |  | 2025-2026 |  | 2027-2028 |  | After 2028 |  | Total
|  | (in millions)
AEP |  | $ | 46.2 |  |  | $ | 168.3 |  |  | $ | 84.8 |  |  | $ | 24.7 |  |  | $ | 324.0 |
APCo |  | 8.0 |  |  | 32.1 |  |  | 25.4 |  |  | 11.6 |  |  | 77.1 |
I&M |  | 2.2 |  |  | 8.8 |  |  | 8.8 |  |  | 4.5 |  |  | 24.3 |
Affiliated Accounts Receivable Contracts with Customers |
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (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 |

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