XML 161 R90.htm IDEA: XBRL DOCUMENT
v3.25.0.1

BUSINESS SEGMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Segment Reporting [Abstract] |
Reportable Segment Information | The tables below present AEP’s reportable segment income statement information for the years ended December 31, 2024, 2023 and 2022 and reportable segment balance sheet information as of December 31, 2024 and 2023. The significant expenses disclosed below align with the segment-level information that is regularly provided to the CODM.
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | Total Reportable Segments |  | Corporate and Other (a) |  | Reconciling Adjustments |  | Consolidated
2024 |  | (in millions)
Revenues from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 11,414.0 |  |  | $ | 5,879.6 |  |  | $ | 425.0 |  |  | $ | 1,944.7 |  |  | $ | 19,663.3 |  |  | $ | 58.0 |  |  | $ | — |  |  | $ | 19,721.3 |
Other Operating Segments |  | 182.6 |  |  | 28.1 |  |  | 1,525.8 |  |  | 100.7 |  |  | 1,837.2 |  |  | 125.1 |  |  | (1,962.3) |  | (b) | — |
Total Revenues |  | 11,596.6 |  |  | 5,907.7 |  |  | 1,950.8 |  |  | 2,045.4 |  |  | 21,500.5 |  |  | 183.1 |  |  | (1,962.3) |  |  | 19,721.3 |
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation |  | 3,796.2 |  |  | 909.1 |  |  | — |  |  | 1,542.4 |  |  | 6,247.7 |  |  | — |  |  | (311.4) |  |  | 5,936.3 |
Other Operation and Maintenance |  | 3,528.0 |  |  | 2,166.1 |  |  | 162.8 |  |  | 129.9 |  |  | 5,986.8 |  |  | 136.3 |  |  | (1,670.4) |  |  | 4,452.7 |
Asset Impairments and Other Related Charges |  | 13.4 |  |  | 52.9 |  |  | — |  |  | 76.2 |  |  | 142.5 |  |  | — |  |  | — |  |  | 142.5 |
Depreciation and Amortization |  | 1,970.6 |  |  | 879.5 |  |  | 439.7 |  |  | 20.9 |  |  | 3,310.7 |  |  | (20.8) |  |  | — |  |  | 3,289.9 |
Taxes Other Than Income Taxes |  | 535.3 |  |  | 724.2 |  |  | 314.9 |  |  | 2.0 |  |  | 1,576.4 |  |  | 0.4 |  |  | 19.5 |  |  | 1,596.3 |
Allowance for Equity Funds Used During Construction |  | 52.4 |  |  | 69.2 |  |  | 89.4 |  |  | — |  |  | 211.0 |  |  | — |  |  | — |  |  | 211.0 |
Interest Expense |  | 724.3 |  |  | 405.5 |  |  | 222.3 |  |  | 16.6 |  |  | 1,368.7 |  |  | 612.5 |  |  | (118.4) |  |  | 1,862.8 |
Income Tax Expense (Benefit) |  | (282.2) |  |  | 154.5 |  |  | 214.7 |  |  | 25.9 |  |  | 112.9 |  |  | (152.1) |  |  | — |  |  | (39.2) |
Equity Earnings (Loss) of Unconsolidated Subsidiaries |  | 1.4 |  |  | (1.1) |  |  | 98.9 |  |  | 0.9 |  |  | 100.1 |  |  | (6.4) |  |  | — |  |  | 93.7 |
Other Segment Items (c) |  | (88.4) |  |  | (41.7) |  |  | (5.5) |  |  | (56.8) |  |  | (192.4) |  |  | (108.4) |  |  | 118.4 |  |  | (182.4) |
Earnings (Loss) Attributable to AEP Common Shareholders |  | $ | 1,453.2 |  |  | $ | 725.7 |  |  | $ | 790.2 |  |  | $ | 289.2 |  |  | $ | 3,258.3 |  |  | $ | (291.2) |  |  | $ | — |  |  | $ | 2,967.1 |
Gross Property Additions |  | $ | 3,643.5 |  |  | $ | 2,343.6 |  |  | $ | 1,572.5 |  |  | $ | 35.1 |  |  | $ | 7,594.7 |  |  | $ | 466.6 |  |  | $ | (31.1) |  |  | $ | 8,030.2 |
Total Assets |  | $ | 54,996.5 |  |  | $ | 26,864.3 |  |  | $ | 18,011.9 |  |  | $ | 1,633.9 |  |  | $ | 101,506.6 |  |  | $ | 5,550.8 |  | (d) | $ | (3,979.4) |  | (e) | $ | 103,078.0 |
Investments in Equity Method Investees |  | $ | 9.1 |  |  | $ | 2.0 |  |  | $ | 996.1 |  |  | $ | — |  |  | $ | 1,007.2 |  |  | $ | 48.7 |  |  | $ | — |  |  | $ | 1,055.9 |
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | Total Reportable Segments |  | Corporate and Other (a) |  | Reconciling Adjustments |  | Consolidated
2023 |  | (in millions)
Revenues from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 11,303.7 |  |  | $ | 5,677.2 |  |  | $ | 397.4 |  |  | $ | 1,543.3 |  |  | $ | 18,921.6 |  |  | $ | 60.7 |  |  | $ | — |  |  | $ | 18,982.3 |
Other Operating Segments |  | 145.8 |  |  | 36.1 |  |  | 1,331.1 |  |  | 88.9 |  |  | 1,601.9 |  |  | 107.3 |  |  | (1,709.2) |  | (b) | — |
Total Revenues |  | 11,449.5 |  |  | 5,713.3 |  |  | 1,728.5 |  |  | 1,632.2 |  |  | 20,523.5 |  |  | 168.0 |  |  | (1,709.2) |  |  | 18,982.3 |
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation |  | 4,150.3 |  |  | 1,214.8 |  |  | — |  |  | 1,487.8 |  |  | 6,852.9 |  |  | — |  |  | (274.6) |  |  | 6,578.3 |
Other Operation and Maintenance |  | 3,211.1 |  |  | 1,947.8 |  |  | 141.6 |  |  | 132.9 |  |  | 5,433.4 |  |  | 103.1 |  |  | (1,449.7) |  |  | 4,086.8 |
Asset Impairments and Other Related Charges |  | 85.6 |  |  | — |  |  | — |  |  | — |  |  | 85.6 |  |  | — |  |  | — |  |  | 85.6 |
Loss on the Sale of the Competitive Contracted Renewables Portfolio |  | — |  |  | — |  |  | — |  |  | 92.7 |  |  | 92.7 |  |  | — |  |  | — |  |  | 92.7 |
Depreciation and Amortization |  | 1,876.4 |  |  | 784.7 |  |  | 402.6 |  |  | 42.7 |  |  | 3,106.4 |  |  | (16.0) |  |  | — |  |  | 3,090.4 |
Taxes Other Than Income Taxes |  | 512.5 |  |  | 668.0 |  |  | 290.1 |  |  | 6.6 |  |  | 1,477.2 |  |  | 0.2 |  |  | 14.9 |  |  | 1,492.3 |
Allowance for Equity Funds Used During Construction |  | 46.3 |  |  | 45.5 |  |  | 83.1 |  |  | — |  |  | 174.9 |  |  | — |  |  | — |  |  | 174.9 |
Interest Expense |  | 764.5 |  |  | 363.6 |  |  | 202.6 |  |  | 76.0 |  |  | 1,406.7 |  |  | 594.7 |  |  | (194.5) |  |  | 1,806.9 |
Income Tax Expense (Benefit) |  | (45.2) |  |  | 140.2 |  |  | 166.0 |  |  | (122.9) |  |  | 138.1 |  |  | (83.5) |  |  | — |  |  | 54.6 |
Equity Earnings (Loss) of Unconsolidated Subsidiaries |  | 1.4 |  |  | — |  |  | 82.9 |  |  | (16.5) |  |  | 67.8 |  |  | (9.3) |  |  | — |  |  | 58.5 |
Other Segment Items (c) |  | (148.4) |  |  | (59.0) |  |  | (11.3) |  |  | (73.8) |  |  | (292.5) |  |  | (182.2) |  |  | 194.7 |  |  | (280.0) |
Earnings (Loss) Attributable to AEP Common Shareholders |  | $ | 1,090.4 |  |  | $ | 698.7 |  |  | $ | 702.9 |  |  | $ | (26.3) |  |  | $ | 2,465.7 |  |  | $ | (257.6) |  |  | $ | — |  |  | $ | 2,208.1 |
Gross Property Additions |  | $ | 3,486.8 |  |  | $ | 2,467.4 |  |  | $ | 1,528.7 |  |  | $ | 12.6 |  |  | $ | 7,495.5 |  |  | $ | 36.6 |  |  | $ | 1.4 |  |  | $ | 7,533.5 |
Total Assets |  | $ | 51,802.1 |  |  | $ | 24,838.4 |  |  | $ | 16,575.6 |  |  | $ | 2,598.5 |  |  | $ | 95,814.6 |  |  | $ | 5,194.0 |  | (d) | $ | (4,324.6) |  | (e) | $ | 96,684.0 |
Investments in Equity Method Investees |  | $ | 10.0 |  |  | $ | 3.0 |  |  | $ | 905.8 |  |  | $ | 100.6 |  |  | $ | 1,019.4 |  |  | $ | 54.2 |  |  | $ | — |  |  | $ | 1,073.6 |
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | Total Reportable Segments |  | Corporate and Other (a) |  | Reconciling Adjustments |  | Consolidated
2022 |  | (in millions)
Revenues from: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
External Customers |  | $ | 11,292.8 |  |  | $ | 5,489.6 |  |  | $ | 357.5 |  |  | $ | 2,448.9 |  |  | $ | 19,588.8 |  |  | $ | 50.7 |  |  | $ | — |  |  | $ | 19,639.5 |
Other Operating Segments |  | 184.7 |  |  | 22.4 |  |  | 1,319.5 |  |  | 18.0 |  |  | 1,544.6 |  |  | 59.2 |  |  | (1,603.8) |  | (b) | — |
Total Revenues |  | 11,477.5 |  |  | 5,512.0 |  |  | 1,677.0 |  |  | 2,466.9 |  |  | 21,133.4 |  |  | 109.9 |  |  | (1,603.8) |  |  | 19,639.5 |
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation |  | 4,007.9 |  |  | 1,287.3 |  |  | — |  |  | 1,984.3 |  |  | 7,279.5 |  |  | — |  |  | (181.6) |  |  | 7,097.9 |
Other Operation and Maintenance |  | 3,287.2 |  |  | 1,864.2 |  |  | 165.7 |  |  | 118.7 |  |  | 5,435.8 |  |  | 130.0 |  |  | (1,438.3) |  |  | 4,127.5 |
Loss on the Expected Sale of the Kentucky Operations |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 363.3 |  |  | — |  |  | 363.3 |
Asset Impairments and Other Related Charges |  | 24.9 |  |  | — |  |  | — |  |  | — |  |  | 24.9 |  |  | 23.9 |  |  | — |  |  | 48.8 |
Gain on Sale of Mineral Rights |  | — |  |  | — |  |  | — |  |  | (116.3) |  |  | (116.3) |  |  | — |  |  | — |  |  | (116.3) |
Depreciation and Amortization |  | 2,007.2 |  |  | 746.7 |  |  | 355.0 |  |  | 93.0 |  |  | 3,201.9 |  |  | 0.9 |  |  | — |  |  | 3,202.8 |
Taxes Other Than Income Taxes |  | 504.9 |  |  | 659.9 |  |  | 277.6 |  |  | 11.1 |  |  | 1,453.5 |  |  | 0.2 |  |  | 16.1 |  |  | 1,469.8 |
Allowance for Equity Funds Used During Construction |  | 29.5 |  |  | 33.6 |  |  | 70.6 |  |  | — |  |  | 133.7 |  |  | — |  |  | — |  |  | 133.7 |
Interest Expense |  | 650.9 |  |  | 328.0 |  |  | 169.3 |  |  | 51.8 |  |  | 1,200.0 |  |  | 308.9 |  |  | (112.8) |  |  | 1,396.1 |
Income Tax Expense (Benefit) |  | (93.8) |  |  | 116.9 |  |  | 193.6 |  |  | (83.1) |  |  | 133.6 |  |  | (128.2) |  |  | — |  |  | 5.4 |
Equity Earnings (Loss) of Unconsolidated Subsidiaries |  | 1.4 |  |  | 0.6 |  |  | 83.4 |  |  | (192.4) |  |  | (107.0) |  |  | (2.4) |  |  | — |  |  | (109.4) |
Other Segment Items (c) |  | (172.8) |  |  | (52.5) |  |  | (3.7) |  |  | (68.6) |  |  | (297.6) |  |  | (53.9) |  |  | 112.8 |  |  | (238.7) |
Earnings (Loss) Attributable to AEP Common Shareholders |  | $ | 1,292.0 |  |  | $ | 595.7 |  |  | $ | 673.5 |  |  | $ | 283.6 |  |  | $ | 2,844.8 |  |  | $ | (537.6) |  |  | $ | — |  |  | $ | 2,307.2 |
Gross Property Additions |  | $ | 4,164.6 |  |  | $ | 2,177.3 |  |  | $ | 1,470.8 |  |  | $ | 69.2 |  |  | $ | 7,881.9 |  |  | $ | 25.9 |  |  | $ | (28.8) |  |  | $ | 7,879.0 |
Investments in Equity Method Investees |  | $ | 10.1 |  |  | $ | 3.0 |  |  | $ | 858.3 |  |  | $ | 337.6 |  |  | $ | 1,209.0 |  |  | $ | 67.7 |  |  | $ | — |  |  | $ | 1,276.7 |
(a)Corporate and Other primarily includes the purchasing of receivables from certain AEP utility subsidiaries. This segment also includes Parent’s guarantee revenue received from affiliates, investment income, interest income and interest expense, income tax expense and other nonallocated costs. (b)Represents inter-segment revenues. (c)Other segment items included in segment earnings (loss) attributable to AEP common shareholders primarily includes Non-Service Cost Components of Net Period Benefit Cost, Net Income (Loss) Attributable to Noncontrolling Interests and Establishment of the VA Triennial Review Regulatory Asset (2022). (d)Includes elimination of AEP Parent’s investments in wholly-owned subsidiary companies. (e)Reconciling Adjustments for Total Assets primarily include elimination of intercompany advances to affiliates and intercompany accounts receivable. The tables below present AEPTCo’s reportable segment income statement information for the years ended December 31, 2024, 2023 and 2022 and reportable segment balance sheet information as of December 31, 2024 and 2023. The significant expenses disclosed below align with the segment-level information that is regularly provided to the CODM.
| State Transcos |  | AEPTCo Parent |  | Reconciling Adjustments |  | AEPTCo Consolidated
2024 | (in millions)
Revenues from: |  |  |  |  |  |  |
External Customers | $ | 378.6 |  |  | $ | — |  |  | $ | — |  |  | $ | 378.6 |
Sales to AEP Affiliates | 1,512.3 |  |  | — |  |  | — |  |  | 1,512.3 |
Total Revenues | 1,890.9 |  |  | — |  |  | — |  |  | 1,890.9 |
Other Operation and Maintenance | 156.6 |  |  | 1.7 |  |  | — |  |  | 158.3 |
Depreciation and Amortization | 430.9 |  |  | — |  |  | — |  |  | 430.9 |
Taxes Other Than Income Taxes | 308.7 |  |  | — |  |  | — |  |  | 308.7 |
Interest Income | 7.9 |  |  | 241.1 |  |  | (238.5) |  | (a) | 10.5 |
Allowance for Equity Funds Used During Construction | 89.4 |  |  | — |  |  | — |  |  | 89.4 |
Interest Expense | 214.0 |  |  | 238.7 |  |  | (238.5) |  | (a) | 214.2 |
Income Tax Expense | 190.2 |  |  | 0.1 |  |  | — |  |  | 190.3 |
Net Income | $ | 687.8 |  |  | $ | 0.6 |  | (b) | $ | — |  |  | $ | 688.4 |
Gross Property Additions | $ | 1,481.8 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,481.8 |
Total Assets | $ | 16,887.7 |  |  | $ | 8,670.4 |  | (c) | $ | (9,187.8) |  | (d) | $ | 16,370.3 |
| State Transcos |  | AEPTCo Parent |  | Reconciling Adjustments |  | AEPTCo Consolidated
2023 | (in millions)
Revenues from: |  |  |  |  |  |  |
External Customers | $ | 354.2 |  |  | $ | — |  |  | $ | — |  |  | $ | 354.2 |
Sales to AEP Affiliates | 1,317.8 |  |  | — |  |  | — |  |  | 1,317.8 |
Total Revenues | 1,672.0 |  |  | — |  |  | — |  |  | 1,672.0 |
Other Operation and Maintenance | 129.2 |  |  | 0.2 |  |  | — |  |  | 129.4 |
Depreciation and Amortization | 393.8 |  |  | — |  |  | — |  |  | 393.8 |
Taxes Other Than Income Taxes | 283.2 |  |  | — |  |  | — |  |  | 283.2 |
Interest Income | 3.8 |  |  | 218.0 |  |  | (214.8) |  | (a) | 7.0 |
Allowance for Equity Funds Used During Construction | 83.2 |  |  | — |  |  | — |  |  | 83.2 |
Interest Expense | 194.2 |  |  | 215.1 |  |  | (214.8) |  | (a) | 194.5 |
Income Tax Expense | 145.7 |  |  | 1.4 |  |  | — |  |  | 147.1 |
Net Income | $ | 612.9 |  |  | $ | 1.3 |  | (b) | $ | — |  |  | $ | 614.2 |
Gross Property Additions | $ | 1,503.1 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,503.1 |
Total Assets | $ | 15,120.6 |  |  | $ | 5,486.6 |  | (c) | $ | (5,534.7) |  | (d) | $ | 15,072.5 |
| State Transcos |  | AEPTCo Parent |  | Reconciling Adjustments |  | AEPTCo Consolidated
2022 | (in millions)
Revenues from: |  |  |  |  |  |  |
External Customers | $ | 340.9 |  |  | $ | — |  |  | $ | — |  |  | $ | 340.9 |
Sales to AEP Affiliates | 1,283.8 |  |  | — |  |  | — |  |  | 1,283.8 |
Other Revenues | (0.2) |  |  | — |  |  | — |  |  | (0.2) |
Total Revenues | 1,624.5 |  |  | — |  |  | — |  |  | 1,624.5 |
Other Operation and Maintenance | 152.8 |  |  | 0.7 |  |  | — |  |  | 153.5 |
Depreciation and Amortization | 346.2 |  |  | — |  |  | — |  |  | 346.2 |
Taxes Other Than Income Taxes | 271.1 |  |  | — |  |  | — |  |  | 271.1 |
Interest Income | 0.7 |  |  | 177.8 |  |  | (176.9) |  | (a) | 1.6 |
Allowance for Equity Funds Used During Construction | 70.7 |  |  | — |  |  | — |  |  | 70.7 |
Interest Expense | 162.5 |  |  | 177.1 |  |  | (176.9) |  | (a) | 162.7 |
Income Tax Expense | 169.1 |  |  | — |  |  | — |  |  | 169.1 |
Net Income | $ | 594.2 |  |  | $ | — |  | (b) | $ | — |  |  | $ | 594.2 |
Gross Property Additions | $ | 1,468.3 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,468.3 |
(a) Elimination of intercompany interest income/interest expense on affiliated debt arrangement. (b) Includes elimination of AEPTCo Parent’s equity earnings in the State Transcos. (c) Primarily relates to Notes Receivable from the State Transcos. (d) Primarily relates to elimination of Notes Receivable from the State Transcos.

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration