XML 105 R64.htm IDEA: XBRL DOCUMENT
v3.25.1

INCOME TAXES | 3 Months Ended
--- | ---
Mar. 31, 2025
Income Tax Disclosure [Abstract] |
INCOME TAXES | INCOME TAXES The disclosures in this note apply to all Registrants unless indicated otherwise. Effective Tax Rates (ETR) The Registrants’ interim ETR reflect the estimated annual ETR for 2025 and 2024, adjusted for tax expense associated with certain discrete items. The ETR for each of the Registrants are included in the following tables:
|  | Three Months Ended March 31, 2025
|  | AEP |  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
U.S. Federal Statutory Rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (decrease) due to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and Local Income Taxes, Net |  | 1.2 | % |  | 0.2 | % |  | 2.6 | % |  | 1.1 | % |  | 3.4 | % |  | 1.9 | % |  | 2.9 | % |  | (1.4) | %
Tax Reform Excess ADIT Reversal |  | (2.6) | % |  | (3.7) | % |  | 0.2 | % |  | (2.5) | % |  | (3.6) | % |  | (4.1) | % |  | (3.6) | % |  | (3.1) | %
PTCs and ITCs |  | (6.5) | % |  | (0.1) | % |  | — | % |  | — | % |  | (11.7) | % |  | — | % |  | (27.6) | % |  | (31.2) | %
Reversal of Origination Flow-Through |  | 0.4 | % |  | 0.1 | % |  | 0.2 | % |  | (0.7) | % |  | 1.9 | % |  | 0.9 | % |  | 0.1 | % |  | 0.7 | %
AFUDC Equity |  | (1.2) | % |  | (1.0) | % |  | (1.7) | % |  | (0.6) | % |  | (0.5) | % |  | (1.9) | % |  | (0.5) | % |  | (1.4) | %
Flow-Through of CAMT |  | 0.4 | % |  | — | % |  | — | % |  | 1.6 | % |  | — | % |  | — | % |  | — | % |  | — | %
Other |  | 0.9 | % |  | (0.1) | % |  | — | % |  | (0.1) | % |  | (0.1) | % |  | 0.3 | % |  | (0.1) | % |  | 0.7 | %
Effective Income Tax Rate |  | 13.6 | % |  | 16.4 | % |  | 22.3 | % |  | 19.8 | % |  | 10.4 | % |  | 18.1 | % |  | (7.8) | % |  | (14.7) | %
|  | Three Months Ended March 31, 2024
|  | AEP |  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
U.S. Federal Statutory Rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
Increase (decrease) due to: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State and Local Income Taxes, Net |  | 2.1 | % |  | 0.2 | % |  | 2.6 | % |  | 2.4 | % |  | 3.9 | % |  | 1.0 | % |  | 3.7 | % |  | 1.7 | %
Tax Reform Excess ADIT Reversal |  | (2.3) | % |  | (1.3) | % |  | 0.2 | % |  | (13.4) | % |  | (0.5) | % |  | (6.0) | % |  | (2.0) | % |  | 4.6 | %
Remeasurement of Excess ADIT |  | (29.7) | % |  | — | % |  | — | % |  | — | % |  | (58.2) | % |  | — | % |  | (263.3) | % |  | (224.7) | %
PTCs and ITCs |  | (6.8) | % |  | (0.2) | % |  | — | % |  | (0.1) | % |  | (1.1) | % |  | — | % |  | (49.6) | % |  | (23.8) | %
Reversal of Origination Flow-Through |  | — | % |  | 0.1 | % |  | 0.3 | % |  | (0.3) | % |  | (2.8) | % |  | 0.6 | % |  | 0.2 | % |  | 0.6 | %
AFUDC Equity |  | (1.2) | % |  | (1.5) | % |  | (1.8) | % |  | (0.4) | % |  | (0.7) | % |  | (1.0) | % |  | (1.3) | % |  | (1.3) | %
Discrete Tax Adjustments |  | 0.2 | % |  | — | % |  | — | % |  | — | % |  | — | % |  | — | % |  | 0.9 | % |  | 1.3 | %
Other |  | 0.2 | % |  | 0.5 | % |  | — | % |  | 0.1 | % |  | — | % |  | 0.2 | % |  | 1.2 | % |  | (0.8) | %
Effective Income Tax Rate |  | (16.5) | % |  | 18.8 | % |  | 22.3 | % |  | 9.3 | % |  | (38.4) | % |  | 15.8 | % |  | (289.2) | % |  | (221.4) | %
Federal and State Income Tax Audit Status AEP is not currently under IRS audit and the statute of limitations (SOL) for the IRS to examine AEP and subsidiaries originally filed federal return has expired for tax years prior to 2017. The SOL for years 2017-2020 is set to expire May 31, 2025. AEP and subsidiaries file income tax returns in various state and local jurisdictions. AEP and subsidiaries are not currently under any state and local income tax examinations. Generally, the SOL have expired for tax years prior to 2017. In addition, management is monitoring and continues to evaluate the potential impact of federal legislation and corresponding state conformity.

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

X
- Definition The entire disclosure for income tax. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12C Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12B Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 270 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477891/740-270-50-1 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 6.I.5.Q1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-1 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-13 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(2)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/740/tableOfContent Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-14 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-21 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 17 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-17 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 11.C) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479360/740-10-S99-2 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482603/740-30-50-2 + Details
Name: | us-gaap_IncomeTaxDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration