v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - AEP Transmission Holdco - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES        
TOTAL REVENUES $ 5,086.9 $ 4,579.2 $ 10,550.3 $ 9,604.9
EXPENSES        
Other Operation 537.6 817.3 1,290.0 1,579.6
Maintenance 390.7 351.5 709.2 669.0
Depreciation and Amortization 853.1 821.9 1,686.5 1,609.0
Taxes Other Than Income Taxes 365.0 393.6 787.0 804.0
TOTAL EXPENSES 3,687.8 3,895.3 7,867.0 7,748.4
OPERATING INCOME 1,399.1 683.9 2,683.3 1,856.5
Other Income (Expense):        
Allowance for Equity Funds Used During Construction 57.1 55.2 114.4 98.8
Interest Expense (489.5) (465.6) (984.4) (901.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 1,016.8 324.0 1,906.3 1,163.3
Income Tax Expense (Benefit) (250.9) 6.7 (125.4) (135.2)
NET INCOME 1,288.3 342.5 2,090.5 1,348.2
Net Income Attributable to Noncontrolling Interest 62.5 2.2 64.5 4.8
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 1,225.8 340.3 2,026.0 1,343.4
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 1,225.8 340.3 2,026.0 1,343.4
Nonrelated Party        
REVENUES        
TOTAL REVENUES 5,086.9 4,579.2 10,550.3 9,604.9
AEPTCo        
REVENUES        
TOTAL REVENUES 741.8 475.2 1,268.9 958.0
EXPENSES        
Other Operation 35.8 40.0 64.8 69.9
Maintenance 6.4 5.0 11.8 10.3
Depreciation and Amortization 118.9 106.7 233.0 212.6
Taxes Other Than Income Taxes 75.8 75.5 149.9 148.9
TOTAL EXPENSES 236.9 227.2 459.5 441.7
OPERATING INCOME 504.9 248.0 809.4 516.3
Other Income (Expense):        
Interest Income 1.4 4.3 1.8 6.2
Allowance for Equity Funds Used During Construction 21.5 22.5 43.9 40.4
Interest Expense (56.6) (51.4) (111.6) (106.2)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS 471.2 223.4 743.5 456.7
Income Tax Expense (Benefit) (145.3) 47.7 (84.5) 99.8
NET INCOME 616.5 175.7 828.0 356.9
Net Income Attributable to Noncontrolling Interest 60.7 0.0 60.7 0.0
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 555.8 175.7 767.3 356.9
EARNINGS ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 555.8 175.7 767.3 356.9
AEPTCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 597.1 377.8 1,019.9 761.2
AEPTCo | Nonrelated Party        
REVENUES        
TOTAL REVENUES 144.6 97.0 248.9 194.0
Transmission Revenues | AEPTCo        
REVENUES        
TOTAL REVENUES 110.7 97.3 216.7 195.7
Sales to AEP Affiliates | AEPTCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 469.9 394.4 900.1 783.8
(Provision for)/Reversal of – Revenue Refund | AEPTCo | Affiliated Entity        
REVENUES        
TOTAL REVENUES 127.2 (16.6) 119.8 (22.6)
(Provision for)/Reversal of – Revenue Refund | AEPTCo | Nonrelated Party        
REVENUES        
TOTAL REVENUES 33.9 (0.3) 32.2 (1.7)
Other Revenues        
REVENUES        
TOTAL REVENUES 158.8 135.9 290.6 261.3
Other Revenues | AEPTCo        
REVENUES        
TOTAL REVENUES $ 0.1 $ 0.4 $ 0.1 $ 2.8