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v3.24.3

Revenue from Contracts with Customers (Tables) | 9 Months Ended
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Sep. 30, 2024
Disaggregated Revenues from Contracts with Customers |
|  | Three Months Ended September 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 |  | $ | 1,362.9 |  |  | $ | 773.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,136.6 |
Commercial Revenues |  | 776.1 |  |  | 396.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,172.6 |
Industrial Revenues (a) |  | 692.6 |  |  | 123.7 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 816.0 |
Other Retail Revenues |  | 63.8 |  |  | 13.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 77.7 |
Total Retail Revenues |  | 2,895.4 |  |  | 1,307.8 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 4,202.9 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 202.5 |  |  | — |  |  | — |  |  | 25.4 |  |  | — |  |  | 0.1 |  |  | 228.0 |
Transmission Revenues (b) |  | 129.6 |  |  | 195.1 |  |  | 505.5 |  |  | — |  |  | — |  |  | (439.4) |  |  | 390.8 |
Renewable Generation Revenues (a) |  | — |  |  | — |  |  | — |  |  | 8.7 |  |  | — |  |  | (1.5) |  |  | 7.2 |
Retail, Trading and Marketing Revenues (c) |  | — |  |  | — |  |  | — |  |  | 529.3 |  |  | (0.2) |  |  | (13.8) |  |  | 515.3 |
Total Wholesale and Competitive Retail Revenues |  | 332.1 |  |  | 195.1 |  |  | 505.5 |  |  | 563.4 |  |  | (0.2) |  |  | (454.6) |  |  | 1,141.3 |
Other Revenues from Contracts with Customers (d) |  | 76.2 |  |  | 58.9 |  |  | 5.8 |  |  | 0.8 |  |  | 37.6 |  |  | (53.4) |  |  | 125.9 |
Total Revenues from Contracts with Customers |  | 3,303.7 |  |  | 1,561.8 |  |  | 511.3 |  |  | 564.2 |  |  | 37.4 |  |  | (508.3) |  |  | 5,470.1 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | 0.3 |  |  | 10.3 |  |  | 1.2 |  |  | — |  |  | — |  |  | 1.0 |  |  | 12.8 |
Other Revenues (a) (f) |  | (1.0) |  |  | 3.3 |  |  | — |  |  | (65.1) |  |  | 0.7 |  |  | (0.7) |  |  | (62.8) |
Total Other Revenues |  | (0.7) |  |  | 13.6 |  |  | 1.2 |  |  | (65.1) |  |  | 0.7 |  |  | 0.3 |  |  | (50.0) |
Total Revenues |  | $ | 3,303.0 |  |  | $ | 1,575.4 |  |  | $ | 512.5 |  |  | $ | 499.1 |  |  | $ | 38.1 |  |  | $ | (508.0) |  |  | $ | 5,420.1 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $402 million. The affiliated revenue for Vertically Integrated Utilities was $51 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $14 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $34 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 September 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 |  | $ | 1,326.7 |  |  | $ | 772.5 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 2,099.2 |
Commercial Revenues |  | 753.3 |  |  | 387.7 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,141.0 |
Industrial Revenues |  | 699.9 |  |  | 138.9 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 838.5 |
Other Retail Revenues |  | 66.6 |  |  | 13.0 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 79.6 |
Total Retail Revenues |  | 2,846.5 |  |  | 1,312.1 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 4,158.3 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 174.3 |  |  | — |  |  | — |  |  | 31.8 |  |  | — |  |  | (0.3) |  |  | 205.8 |
Transmission Revenues (a) |  | 120.6 |  |  | 176.0 |  |  | 466.1 |  |  | — |  |  | — |  |  | (425.1) |  |  | 337.6 |
Renewable Generation Revenues (b) |  | — |  |  | — |  |  | — |  |  | 19.8 |  |  | — |  |  | (2.5) |  |  | 17.3 |
Retail, Trading and Marketing Revenues (c) |  | — |  |  | — |  |  | — |  |  | 510.8 |  |  | 0.8 |  |  | (36.7) |  |  | 474.9 |
Total Wholesale and Competitive Retail Revenues |  | 294.9 |  |  | 176.0 |  |  | 466.1 |  |  | 562.4 |  |  | 0.8 |  |  | (464.6) |  |  | 1,035.6 |
Other Revenues from Contracts with Customers (d) |  | 61.3 |  |  | 58.2 |  |  | 4.8 |  |  | 0.9 |  |  | 55.6 |  |  | (48.5) |  |  | 132.3 |
Total Revenues from Contracts with Customers |  | 3,202.7 |  |  | 1,546.3 |  |  | 470.9 |  |  | 563.3 |  |  | 56.4 |  |  | (513.4) |  |  | 5,326.2 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (b) (e) |  | 0.5 |  |  | (5.0) |  |  | 5.8 |  |  | — |  |  | — |  |  | 5.7 |  |  | 7.0 |
Other Revenues (b) (f) |  | 2.2 |  |  | 2.8 |  |  | — |  |  | 3.4 |  |  | 0.8 |  |  | (0.7) |  |  | 8.5 |
Total Other Revenues |  | 2.7 |  |  | (2.2) |  |  | 5.8 |  |  | 3.4 |  |  | 0.8 |  |  | 5.0 |  |  | 15.5 |
Total Revenues |  | $ | 3,205.4 |  |  | $ | 1,544.1 |  |  | $ | 476.7 |  |  | $ | 566.7 |  |  | $ | 57.2 |  |  | $ | (508.4) |  |  | $ | 5,341.7 |
(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $366 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 Generation & Marketing was $37 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $32 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 September 30, 2024
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 230.2 |  |  | $ | — |  |  | $ | 442.6 |  |  | $ | 249.4 |  |  | $ | 543.4 |  |  | $ | 301.1 |  |  | $ | 260.1 |
Commercial Revenues |  | 120.3 |  |  | — |  |  | 196.4 |  |  | 169.9 |  |  | 276.2 |  |  | 165.1 |  |  | 172.5 |
Industrial Revenues (a) |  | 33.7 |  |  | — |  |  | 201.2 |  |  | 155.4 |  |  | 89.9 |  |  | 98.5 |  |  | 102.5 |
Other Retail Revenues |  | 9.7 |  |  | — |  |  | 28.1 |  |  | 1.2 |  |  | 4.2 |  |  | 30.8 |  |  | 2.3 |
Total Retail Revenues |  | 393.9 |  |  | — |  |  | 868.3 |  |  | 575.9 |  |  | 913.7 |  |  | 595.5 |  |  | 537.4 |
Wholesale Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues (b) |  | — |  |  | — |  |  | 78.7 |  |  | 113.5 |  |  | — |  |  | 2.1 |  |  | 42.7 |
Transmission Revenues (c) |  | 170.6 |  |  | 491.9 |  |  | 45.6 |  |  | 10.4 |  |  | 24.5 |  |  | 12.0 |  |  | 50.0 |
Total Wholesale Revenues |  | 170.6 |  |  | 491.9 |  |  | 124.3 |  |  | 123.9 |  |  | 24.5 |  |  | 14.1 |  |  | 92.7 |
Other Revenues from Contracts with Customers (d) |  | 8.2 |  |  | 6.0 |  |  | 36.2 |  |  | 35.3 |  |  | 50.8 |  |  | 6.0 |  |  | 8.8 |
Total Revenues from Contracts with Customers |  | 572.7 |  |  | 497.9 |  |  | 1,028.8 |  |  | 735.1 |  |  | 989.0 |  |  | 615.6 |  |  | 638.9 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | (1.5) |  |  | (0.7) |  |  | — |  |  | (0.4) |  |  | 11.9 |  |  | (0.2) |  |  | (0.1) |
Other Revenues (a) |  | — |  |  | — |  |  | 0.1 |  |  | (1.2) |  |  | 3.3 |  |  | — |  |  | — |
Total Other Revenues |  | (1.5) |  |  | (0.7) |  |  | 0.1 |  |  | (1.6) |  |  | 15.2 |  |  | (0.2) |  |  | (0.1) |
Total Revenues |  | $ | 571.2 |  |  | $ | 497.2 |  |  | $ | 1,028.9 |  |  | $ | 733.5 |  |  | $ | 1,004.2 |  |  | $ | 615.4 |  |  | $ | 638.8 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $41 million primarily related to the PPA with KGPCo. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $399 million, APCo was $22 million and SWEPCo was $22 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $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 September 30, 2023
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 236.2 |  |  | $ | — |  |  | $ | 397.1 |  |  | $ | 230.7 |  |  | $ | 536.3 |  |  | $ | 310.5 |  |  | $ | 286.5 |
Commercial Revenues |  | 112.4 |  |  | — |  |  | 181.3 |  |  | 159.2 |  |  | 275.3 |  |  | 171.9 |  |  | 174.9 |
Industrial Revenues |  | 35.4 |  |  | — |  |  | 197.1 |  |  | 159.1 |  |  | 103.6 |  |  | 114.1 |  |  | 105.5 |
Other Retail Revenues |  | 9.2 |  |  | — |  |  | 26.8 |  |  | 1.3 |  |  | 3.8 |  |  | 33.8 |  |  | 2.4 |
Total Retail Revenues |  | 393.2 |  |  | — |  |  | 802.3 |  |  | 550.3 |  |  | 919.0 |  |  | 630.3 |  |  | 569.3 |
Wholesale Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues (a) |  | — |  |  | — |  |  | 79.4 |  |  | 90.2 |  |  | — |  |  | (4.9) |  |  | 36.8 |
Transmission Revenues (b) |  | 154.6 |  |  | 454.7 |  |  | 45.5 |  |  | 10.4 |  |  | 21.4 |  |  | 10.8 |  |  | 42.4 |
Total Wholesale Revenues |  | 154.6 |  |  | 454.7 |  |  | 124.9 |  |  | 100.6 |  |  | 21.4 |  |  | 5.9 |  |  | 79.2 |
Other Revenues from Contracts with Customers (c) |  | 8.8 |  |  | 5.0 |  |  | 35.2 |  |  | 26.2 |  |  | 49.2 |  |  | 5.4 |  |  | 6.0 |
Total Revenues from Contracts with Customers |  | 556.6 |  |  | 459.7 |  |  | 962.4 |  |  | 677.1 |  |  | 989.6 |  |  | 641.6 |  |  | 654.5 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (d) (e) |  | (2.0) |  |  | 3.0 |  |  | (0.7) |  |  | (2.9) |  |  | (3.1) |  |  | 2.6 |  |  | 0.3 |
Other Revenues (e) |  | — |  |  | — |  |  | 0.1 |  |  | 2.1 |  |  | 3.0 |  |  | — |  |  | — |
Total Other Revenues |  | (2.0) |  |  | 3.0 |  |  | (0.6) |  |  | (0.8) |  |  | (0.1) |  |  | 2.6 |  |  | 0.3 |
Total Revenues |  | $ | 554.6 |  |  | $ | 462.7 |  |  | $ | 961.8 |  |  | $ | 676.3 |  |  | $ | 989.5 |  |  | $ | 644.2 |  |  | $ | 654.8 |
(a)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $36 million primarily related to the PPA with KGPCo. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEPTCo was $363 million, APCo was $22 million and SWEPCo was $17 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $18 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.
|  | Nine Months Ended September 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 |  | $ | 3,524.2 |  |  | $ | 2,127.7 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,651.9 |
Commercial Revenues |  | 2,071.0 |  |  | 1,184.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,255.6 |
Industrial Revenues (a) |  | 1,992.5 |  |  | 382.8 |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | 2,374.7 |
Other Retail Revenues |  | 174.9 |  |  | 41.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 216.4 |
Total Retail Revenues |  | 7,762.6 |  |  | 3,736.6 |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | 11,498.6 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 587.4 |  |  | — |  |  | — |  |  | 76.5 |  |  | — |  |  | 0.1 |  |  | 664.0 |
Transmission Revenues (b) |  | 371.5 |  |  | 583.2 |  |  | 1,490.8 |  |  | — |  |  | — |  |  | (1,255.0) |  |  | 1,190.5 |
Renewable Generation Revenues (a) |  | — |  |  | — |  |  | — |  |  | 23.2 |  |  | — |  |  | (4.3) |  |  | 18.9 |
Retail, Trading and Marketing Revenues (c) |  | — |  |  | — |  |  | — |  |  | 1,586.2 |  |  | 0.6 |  |  | (83.7) |  |  | 1,503.1 |
Total Wholesale and Competitive Retail Revenues |  | 958.9 |  |  | 583.2 |  |  | 1,490.8 |  |  | 1,685.9 |  |  | 0.6 |  |  | (1,342.9) |  |  | 3,376.5 |
Other Revenues from Contracts with Customers (d) |  | 183.3 |  |  | 148.8 |  |  | 20.1 |  |  | 3.1 |  |  | 153.2 |  |  | (170.9) |  |  | 337.6 |
Total Revenues from Contracts with Customers |  | 8,904.8 |  |  | 4,468.6 |  |  | 1,510.9 |  |  | 1,689.0 |  |  | 153.8 |  |  | (1,514.4) |  |  | 15,212.7 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | (12.5) |  |  | 17.7 |  |  | (11.2) |  |  | — |  |  | — |  |  | (15.3) |  |  | (21.3) |
Other Revenues (a) (f) |  | (22.4) |  |  | 15.2 |  |  | — |  |  | (158.9) |  |  | (5.2) |  |  | 4.9 |  |  | (166.4) |
Total Other Revenues |  | (34.9) |  |  | 32.9 |  |  | (11.2) |  |  | (158.9) |  |  | (5.2) |  |  | (10.4) |  |  | (187.7) |
Total Revenues |  | $ | 8,869.9 |  |  | $ | 4,501.5 |  |  | $ | 1,499.7 |  |  | $ | 1,530.1 |  |  | $ | 148.6 |  |  | $ | (1,524.8) |  |  | $ | 15,025.0 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1.2 billion. The affiliated revenue for Vertically Integrated Utilities was $133 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $84 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $112 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.
|  | Nine Months Ended September 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 |  | $ | 3,459.1 |  |  | $ | 2,003.4 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 5,462.5 |
Commercial Revenues |  | 2,029.4 |  |  | 1,121.9 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 3,151.3 |
Industrial Revenues (a) |  | 2,069.1 |  |  | 503.9 |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | 2,572.4 |
Other Retail Revenues |  | 182.3 |  |  | 37.4 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 219.7 |
Total Retail Revenues |  | 7,739.9 |  |  | 3,666.6 |  |  | — |  |  | — |  |  | — |  |  | (0.6) |  |  | 11,405.9 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 498.5 |  |  | — |  |  | — |  |  | 83.8 |  |  | — |  |  | (0.2) |  |  | 582.1 |
Transmission Revenues (b) |  | 348.8 |  |  | 524.3 |  |  | 1,372.0 |  |  | — |  |  | — |  |  | (1,229.7) |  |  | 1,015.4 |
Renewable Generation Revenues (a) |  | — |  |  | — |  |  | — |  |  | 74.2 |  |  | — |  |  | (5.7) |  |  | 68.5 |
Retail, Trading and Marketing Revenues (c) |  | — |  |  | — |  |  | — |  |  | 1,332.2 |  |  | 1.7 |  |  | (46.7) |  |  | 1,287.2 |
Total Wholesale and Competitive Retail Revenues |  | 847.3 |  |  | 524.3 |  |  | 1,372.0 |  |  | 1,490.2 |  |  | 1.7 |  |  | (1,282.3) |  |  | 2,953.2 |
Other Revenues from Contracts with Customers (d) |  | 155.8 |  |  | 157.1 |  |  | 12.7 |  |  | 7.7 |  |  | 113.6 |  |  | (132.1) |  |  | 314.8 |
Total Revenues from Contracts with Customers |  | 8,743.0 |  |  | 4,348.0 |  |  | 1,384.7 |  |  | 1,497.9 |  |  | 115.3 |  |  | (1,415.0) |  |  | 14,673.9 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | (7.5) |  |  | (19.5) |  |  | 6.1 |  |  | — |  |  | — |  |  | 2.3 |  |  | (18.6) |
Other Revenues (a) (f) |  | 2.2 |  |  | 20.0 |  |  | — |  |  | (272.8) |  |  | 4.0 |  |  | (3.6) |  |  | (250.2) |
Total Other Revenues |  | (5.3) |  |  | 0.5 |  |  | 6.1 |  |  | (272.8) |  |  | 4.0 |  |  | (1.3) |  |  | (268.8) |
Total Revenues |  | $ | 8,737.7 |  |  | $ | 4,348.5 |  |  | $ | 1,390.8 |  |  | $ | 1,225.1 |  |  | $ | 119.3 |  |  | $ | (1,416.3) |  |  | $ | 14,405.1 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for AEP Transmission Holdco was $1.1 billion. The affiliated revenue for Vertically Integrated Utilities was $125 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Generation & Marketing was $47 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for Corporate and Other was $87 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.
|  | Nine Months Ended September 30, 2024
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 562.4 |  |  | $ | — |  |  | $ | 1,333.7 |  |  | $ | 664.7 |  |  | $ | 1,565.2 |  |  | $ | 647.1 |  |  | $ | 563.2 |
Commercial Revenues |  | 346.2 |  |  | — |  |  | 571.8 |  |  | 465.5 |  |  | 838.4 |  |  | 398.2 |  |  | 413.2 |
Industrial Revenues (a) |  | 103.3 |  |  | — |  |  | 603.5 |  |  | 456.4 |  |  | 279.4 |  |  | 269.9 |  |  | 269.8 |
Other Retail Revenues |  | 28.7 |  |  | — |  |  | 84.3 |  |  | 3.8 |  |  | 12.9 |  |  | 78.2 |  |  | 6.6 |
Total Retail Revenues |  | 1,040.6 |  |  | — |  |  | 2,593.3 |  |  | 1,590.4 |  |  | 2,695.9 |  |  | 1,393.4 |  |  | 1,252.8 |
Wholesale Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues (b) |  | — |  |  | — |  |  | 235.9 |  |  | 305.6 |  |  | — |  |  | 7.0 |  |  | 139.9 |
Transmission Revenues (c) |  | 511.3 |  |  | 1,450.5 |  |  | 138.3 |  |  | 30.5 |  |  | 71.9 |  |  | 33.0 |  |  | 136.3 |
Total Wholesale Revenues |  | 511.3 |  |  | 1,450.5 |  |  | 374.2 |  |  | 336.1 |  |  | 71.9 |  |  | 40.0 |  |  | 276.2 |
Other Revenues from Contracts with Customers (d) |  | 27.4 |  |  | 20.3 |  |  | 71.0 |  |  | 92.3 |  |  | 121.5 |  |  | 30.4 |  |  | 26.0 |
Total Revenues from Contracts with Customers |  | 1,579.3 |  |  | 1,470.8 |  |  | 3,038.5 |  |  | 2,018.8 |  |  | 2,889.3 |  |  | 1,463.8 |  |  | 1,555.0 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Program (a) (e) |  | (2.1) |  |  | (15.6) |  |  | (6.6) |  |  | (0.9) |  |  | 19.8 |  |  | (1.8) |  |  | (4.2) |
Other Revenues (a) |  | — |  |  | — |  |  | 0.2 |  |  | (22.7) |  |  | 15.2 |  |  | — |  |  | — |
Total Other Revenues |  | (2.1) |  |  | (15.6) |  |  | (6.4) |  |  | (23.6) |  |  | 35.0 |  |  | (1.8) |  |  | (4.2) |
Total Revenues |  | $ | 1,577.2 |  |  | $ | 1,455.2 |  |  | $ | 3,032.1 |  |  | $ | 1,995.2 |  |  | $ | 2,924.3 |  |  | $ | 1,462.0 |  |  | $ | 1,550.8 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $118 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 $1.2 billion, APCo was $65 million and SWEPCo was $50 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $59 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.
|  | Nine Months Ended September 30, 2023
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 511.8 |  |  | $ | — |  |  | $ | 1,192.4 |  |  | $ | 655.5 |  |  | $ | 1,491.6 |  |  | $ | 667.9 |  |  | $ | 647.5 |
Commercial Revenues |  | 310.3 |  |  | — |  |  | 516.2 |  |  | 439.5 |  |  | 811.6 |  |  | 412.7 |  |  | 472.2 |
Industrial Revenues (a) |  | 109.9 |  |  | — |  |  | 575.4 |  |  | 467.6 |  |  | 394.0 |  |  | 320.2 |  |  | 320.3 |
Other Retail Revenues |  | 26.2 |  |  | — |  |  | 78.2 |  |  | 3.8 |  |  | 11.2 |  |  | 86.3 |  |  | 7.6 |
Total Retail Revenues |  | 958.2 |  |  | — |  |  | 2,362.2 |  |  | 1,566.4 |  |  | 2,708.4 |  |  | 1,487.1 |  |  | 1,447.6 |
Wholesale Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues (b) |  | — |  |  | — |  |  | 223.8 |  |  | 257.7 |  |  | — |  |  | 0.3 |  |  | 120.3 |
Transmission Revenues (c) |  | 464.0 |  |  | 1,338.1 |  |  | 130.8 |  |  | 28.1 |  |  | 60.3 |  |  | 32.0 |  |  | 123.6 |
Total Wholesale Revenues |  | 464.0 |  |  | 1,338.1 |  |  | 354.6 |  |  | 285.8 |  |  | 60.3 |  |  | 32.3 |  |  | 243.9 |
Other Revenues from Contracts with Customers (d) |  | 29.2 |  |  | 12.8 |  |  | 60.0 |  |  | 92.6 |  |  | 127.9 |  |  | 14.9 |  |  | 20.9 |
Total Revenues from Contracts with Customers |  | 1,451.4 |  |  | 1,350.9 |  |  | 2,776.8 |  |  | 1,944.8 |  |  | 2,896.6 |  |  | 1,534.3 |  |  | 1,712.4 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Program (a) (e) |  | (6.1) |  |  | (1.7) |  |  | (0.9) |  |  | (8.4) |  |  | (13.5) |  |  | 1.6 |  |  | (3.9) |
Other Revenues (a) |  | — |  |  | — |  |  | 0.1 |  |  | 2.1 |  |  | 20.1 |  |  | — |  |  | — |
Total Other Revenues |  | (6.1) |  |  | (1.7) |  |  | (0.8) |  |  | (6.3) |  |  | 6.6 |  |  | 1.6 |  |  | (3.9) |
Total Revenues |  | $ | 1,445.3 |  |  | $ | 1,349.2 |  |  | $ | 2,776.0 |  |  | $ | 1,938.5 |  |  | $ | 2,903.2 |  |  | $ | 1,535.9 |  |  | $ | 1,708.5 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for APCo was $121 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 $1.1 billion, APCo was $64 million and SWEPCo was $43 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenue for I&M was $52 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 |  | $ | 23.1 |  |  | $ | 169.0 |  |  | $ | 85.4 |  |  | $ | 24.9 |  |  | $ | 302.4 |
APCo |  | 4.0 |  |  | 32.1 |  |  | 26.5 |  |  | 11.6 |  |  | 74.2 |
I&M |  | 1.1 |  |  | 8.8 |  |  | 8.8 |  |  | 4.5 |  |  | 23.2 |
Affiliated Accounts Receivable Contracts with Customers |
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
September 30, 2024 |  | $ | — |  |  | $ | 131.1 |  |  | $ | 74.0 |  |  | $ | 46.8 |  |  | $ | 66.9 |  |  | $ | 12.5 |  |  | $ | 25.7 |
December 31, 2023 |  | — |  |  | 123.2 |  |  | 71.7 |  |  | 44.0 |  |  | 70.1 |  |  | 12.4 |  |  | 27.4 |

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