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v3.25.2

REVENUE FROM CONTRACTS WITH CUSTOMERS (Tables) | 6 Months Ended
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Jun. 30, 2025
Revenue from Contract with Customer [Abstract] |
Disaggregated Revenues from Contracts with Customers | The tables below represent AEP’s reportable segment and Registrant Subsidiary revenues from contracts with customers, net of respective provisions for refund, by type of revenue:
|  | Three Months Ended June 30, 2025
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | Corporate and Other |  | Reconciling Adjustments |  | AEP Consolidated
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 1,029.7 |  |  | $ | 611.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 1,641.5 |
Commercial Revenues |  | 749.5 |  |  | 420.6 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 1,170.1 |
Industrial Revenues (a) |  | 704.6 |  |  | 145.1 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 849.4 |
Other Retail Revenues |  | 60.5 |  |  | 14.1 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 74.6 |
Total Retail Revenues |  | 2,544.3 |  |  | 1,191.6 |  |  | — |  |  | — |  |  | — |  |  | (0.3) |  |  | 3,735.6 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 237.3 |  |  | — |  |  | — |  |  | 38.3 |  |  | — |  |  | — |  |  | 275.6 |
Transmission Revenues (b) |  | 157.2 |  |  | 197.4 |  |  | 698.3 |  |  | — |  |  | — |  |  | (622.1) |  |  | 430.8 |
Retail, Trading and Marketing Revenues (c) |  | — |  |  | — |  |  | — |  |  | 538.6 |  |  | — |  |  | (15.3) |  |  | 523.3 |
Total Wholesale and Competitive Retail Revenues |  | 394.5 |  |  | 197.4 |  |  | 698.3 |  |  | 576.9 |  |  | — |  |  | (637.4) |  |  | 1,229.7 |
Other Revenues from Contracts with Customers (d) |  | 49.4 |  |  | 46.2 |  |  | 8.9 |  |  | 2.4 |  |  | 27.4 |  |  | (44.2) |  |  | 90.1 |
Total Revenues from Contracts with Customers |  | 2,988.2 |  |  | 1,435.2 |  |  | 707.2 |  |  | 579.3 |  |  | 27.4 |  |  | (681.9) |  |  | 5,055.4 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | 14.5 |  |  | 12.4 |  |  | 49.5 |  |  | — |  |  | — |  |  | (47.0) |  |  | 29.4 |
Other Revenues (a) (f) |  | 12.5 |  |  | 2.6 |  |  | (0.1) |  |  | (13.1) |  |  | 2.2 |  |  | (2.0) |  |  | 2.1 |
Total Other Revenues |  | 27.0 |  |  | 15.0 |  |  | 49.4 |  |  | (13.1) |  |  | 2.2 |  |  | (49.0) |  |  | 31.5 |
Total Revenues |  | $ | 3,015.2 |  |  | $ | 1,450.2 |  |  | $ | 756.6 |  |  | $ | 566.2 |  |  | $ | 29.6 |  |  | $ | (730.9) |  |  | $ | 5,086.9 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEP Transmission Holdco were $558 million. The affiliated revenues for Vertically Integrated Utilities were $65 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 $26 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, 2024
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | 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 revenues for AEP Transmission Holdco were $393 million. The affiliated revenues for Vertically Integrated Utilities were $41 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Generation & Marketing were $24 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Corporate and Other were $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, 2025
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 180.2 |  |  | $ | — |  |  | $ | 365.2 |  |  | $ | 190.1 |  |  | $ | 431.5 |  |  | $ | 190.4 |  |  | $ | 191.3 |
Commercial Revenues |  | 114.6 |  |  | — |  |  | 194.0 |  |  | 192.2 |  |  | 306.2 |  |  | 135.2 |  |  | 155.4 |
Industrial Revenues (a) |  | 41.7 |  |  | — |  |  | 210.5 |  |  | 156.7 |  |  | 103.5 |  |  | 91.3 |  |  | 103.2 |
Other Retail Revenues |  | 10.1 |  |  | — |  |  | 28.2 |  |  | 1.3 |  |  | 4.1 |  |  | 26.4 |  |  | 2.7 |
Total Retail Revenues |  | 346.6 |  |  | — |  |  | 797.9 |  |  | 540.3 |  |  | 845.3 |  |  | 443.3 |  |  | 452.6 |
Wholesale Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues (b) |  | — |  |  | — |  |  | 77.9 |  |  | 138.2 |  |  | — |  |  | 1.5 |  |  | 48.6 |
Transmission Revenues (c) |  | 175.4 |  |  | 682.3 |  |  | 45.9 |  |  | 18.6 |  |  | 22.0 |  |  | 16.0 |  |  | 55.4 |
Total Wholesale Revenues |  | 175.4 |  |  | 682.3 |  |  | 123.8 |  |  | 156.8 |  |  | 22.0 |  |  | 17.5 |  |  | 104.0 |
Other Revenues from Contracts with Customers (d) |  | 9.1 |  |  | 8.9 |  |  | 18.5 |  |  | 26.9 |  |  | 37.3 |  |  | 6.8 |  |  | 5.7 |
Total Revenues from Contracts with Customers |  | 531.1 |  |  | 691.2 |  |  | 940.2 |  |  | 724.0 |  |  | 904.6 |  |  | 467.6 |  |  | 562.3 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | 0.4 |  |  | 50.5 |  |  | 7.2 |  |  | 1.2 |  |  | 12.1 |  |  | 1.8 |  |  | 8.0 |
Other Revenues (a) |  | (0.3) |  |  | 0.1 |  |  | 0.2 |  |  | 12.0 |  |  | 2.3 |  |  | 0.1 |  |  | 0.1 |
Total Other Revenues |  | 0.1 |  |  | 50.6 |  |  | 7.4 |  |  | 13.2 |  |  | 14.4 |  |  | 1.9 |  |  | 8.1 |
Total Revenues |  | $ | 531.2 |  |  | $ | 741.8 |  |  | $ | 947.6 |  |  | $ | 737.2 |  |  | $ | 919.0 |  |  | $ | 469.5 |  |  | $ | 570.4 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for APCo were $36 million primarily related to the PPA with KGPCo. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEPTCo, APCo and SWEPCo were $555 million, $22 million and $21 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 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 revenues for APCo were $36 million primarily related to the PPA with KGPCo. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEPTCo, APCo and SWEPCo were $389 million, $22 million and $15 million, respectively. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for I&M were $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.
|  | Six Months Ended June 30, 2025
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | Corporate and Other |  | Reconciling Adjustments |  | AEP Consolidated
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 2,382.0 |  |  | $ | 1,350.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 3,732.8 |
Commercial Revenues |  | 1,414.7 |  |  | 802.3 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 2,217.0 |
Industrial Revenues (a) |  | 1,322.4 |  |  | 268.2 |  |  | — |  |  | — |  |  | — |  |  | (0.5) |  |  | 1,590.1 |
Other Retail Revenues |  | 114.9 |  |  | 29.5 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 144.4 |
Total Retail Revenues |  | 5,234.0 |  |  | 2,450.8 |  |  | — |  |  | — |  |  | — |  |  | (0.5) |  |  | 7,684.3 |
Wholesale and Competitive Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues |  | 542.3 |  |  | — |  |  | — |  |  | 89.3 |  |  | — |  |  | — |  |  | 631.6 |
Transmission Revenues (b) |  | 278.1 |  |  | 394.4 |  |  | 1,219.7 |  |  | — |  |  | — |  |  | (1,072.3) |  |  | 819.9 |
Retail, Trading and Marketing Revenues (c) |  | — |  |  | — |  |  | — |  |  | 1,160.2 |  |  | (0.2) |  |  | (31.5) |  |  | 1,128.5 |
Total Wholesale and Competitive Retail Revenues |  | 820.4 |  |  | 394.4 |  |  | 1,219.7 |  |  | 1,249.5 |  |  | (0.2) |  |  | (1,103.8) |  |  | 2,580.0 |
Other Revenues from Contracts with Customers (d) |  | 101.0 |  |  | 108.1 |  |  | 17.7 |  |  | 3.4 |  |  | 70.6 |  |  | (94.6) |  |  | 206.2 |
Total Revenues from Contracts with Customers |  | 6,155.4 |  |  | 2,953.3 |  |  | 1,237.4 |  |  | 1,252.9 |  |  | 70.4 |  |  | (1,198.9) |  |  | 10,470.5 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Programs (a) (e) |  | 17.8 |  |  | 15.9 |  |  | 61.3 |  |  | — |  |  | — |  |  | (62.3) |  |  | 32.7 |
Other Revenues (a) (f) |  | (20.2) |  |  | 7.5 |  |  | — |  |  | 60.2 |  |  | 3.8 |  |  | (4.2) |  |  | 47.1 |
Total Other Revenues |  | (2.4) |  |  | 23.4 |  |  | 61.3 |  |  | 60.2 |  |  | 3.8 |  |  | (66.5) |  |  | 79.8 |
Total Revenues |  | $ | 6,153.0 |  |  | $ | 2,976.7 |  |  | $ | 1,298.7 |  |  | $ | 1,313.1 |  |  | $ | 74.2 |  |  | $ | (1,265.4) |  |  | $ | 10,550.3 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEP Transmission Holdco were $969 million. The affiliated revenues for Vertically Integrated Utilities were $104 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Generation & Marketing were $32 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Corporate and Other were $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
|  | VIU |  | T&D |  | AEPTHCo |  | G&M |  | 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 revenues for AEP Transmission Holdco were $780 million. The affiliated revenues for Vertically Integrated Utilities were $83 million. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Generation & Marketing were $70 million. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for Corporate and Other were $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, 2025
|  | AEP Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
Retail Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Residential Revenues |  | $ | 352.1 |  |  | $ | — |  |  | $ | 971.6 |  |  | $ | 422.2 |  |  | $ | 998.7 |  |  | $ | 365.7 |  |  | $ | 383.9 |
Commercial Revenues |  | 233.9 |  |  | — |  |  | 388.5 |  |  | 344.7 |  |  | 568.5 |  |  | 237.1 |  |  | 296.1 |
Industrial Revenues (a) |  | 81.2 |  |  | — |  |  | 401.9 |  |  | 290.4 |  |  | 187.0 |  |  | 161.7 |  |  | 192.9 |
Other Retail Revenues |  | 21.0 |  |  | — |  |  | 56.4 |  |  | 2.5 |  |  | 8.6 |  |  | 46.6 |  |  | 5.4 |
Total Retail Revenues |  | 688.2 |  |  | — |  |  | 1,818.4 |  |  | 1,059.8 |  |  | 1,762.8 |  |  | 811.1 |  |  | 878.3 |
Wholesale Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Generation Revenues (b) |  | — |  |  | — |  |  | 167.5 |  |  | 333.3 |  |  | — |  |  | 5.6 |  |  | 104.3 |
Transmission Revenues (c) |  | 348.7 |  |  | 1,188.2 |  |  | 87.7 |  |  | 29.0 |  |  | 45.7 |  |  | 29.8 |  |  | 94.3 |
Total Wholesale Revenues |  | 348.7 |  |  | 1,188.2 |  |  | 255.2 |  |  | 362.3 |  |  | 45.7 |  |  | 35.4 |  |  | 198.6 |
Other Revenues from Contracts with Customers (d) |  | 18.6 |  |  | 17.8 |  |  | 32.9 |  |  | 56.9 |  |  | 89.6 |  |  | 15.1 |  |  | 15.8 |
Total Revenues from Contracts with Customers |  | 1,055.5 |  |  | 1,206.0 |  |  | 2,106.5 |  |  | 1,479.0 |  |  | 1,898.1 |  |  | 861.6 |  |  | 1,092.7 |
Other Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Alternative Revenue Program (a) (e) |  | (1.1) |  |  | 62.9 |  |  | 13.7 |  |  | 1.0 |  |  | 17.1 |  |  | 1.9 |  |  | 8.8 |
Other Revenues (a) |  | (0.2) |  |  | — |  |  | 0.3 |  |  | (20.6) |  |  | 7.3 |  |  | — |  |  | — |
Total Other Revenues |  | (1.3) |  |  | 62.9 |  |  | 14.0 |  |  | (19.6) |  |  | 24.4 |  |  | 1.9 |  |  | 8.8 |
Total Revenues |  | $ | 1,054.2 |  |  | $ | 1,268.9 |  |  | $ | 2,120.5 |  |  | $ | 1,459.4 |  |  | $ | 1,922.5 |  |  | $ | 863.5 |  |  | $ | 1,101.5 |
(a)Amounts include affiliated and nonaffiliated revenues. (b)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for APCo were $81 million primarily related to the PPA with KGPCo. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEPTCo, APCo and SWEPCo were $962 million, $41 million and $31 million, respectively. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for I&M were $36 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, 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 Programs (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 revenues for APCo were $77 million primarily related to the PPA with KGPCo. The remaining affiliated amounts were immaterial. (c)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for AEPTCo, APCo and SWEPCo were $773 million, $43 million and $28 million, respectively. The remaining affiliated amounts were immaterial. (d)Amounts include affiliated and nonaffiliated revenues. The affiliated revenues for I&M were $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.
Fixed Performance Obligations | The following table represents the Registrants’ remaining fixed performance obligations satisfied over time as of June 30, 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.
Company |  | 2025 |  | 2026-2027 |  | 2028-2029 |  | After 2029 |  | Total
|  | (in millions)
AEP |  | $ | 43.7 |  |  | $ | 143.6 |  |  | $ | 48.6 |  |  | $ | 16.1 |  |  | $ | 252.0 |
APCo |  | 8.0 |  |  | 31.9 |  |  | 25.2 |  |  | 11.4 |  |  | 76.5 |
I&M |  | 2.2 |  |  | 8.8 |  |  | 6.8 |  |  | 2.4 |  |  | 20.2 |
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 Texas |  | AEPTCo |  | APCo |  | I&M |  | OPCo |  | PSO |  | SWEPCo
|  | (in millions)
June 30, 2025 |  | $ | 1.4 |  |  | $ | 165.0 |  |  | $ | 80.9 |  |  | $ | 58.1 |  |  | $ | 61.7 |  |  | $ | 16.8 |  |  | $ | 25.8 |
December 31, 2024 |  | — |  |  | 131.6 |  |  | 83.7 |  |  | 55.0 |  |  | 63.6 |  |  | 13.0 |  |  | 21.4 |

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