v3.25.2
INCOME TAXES (Tables)
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Schedule of Effective Income Tax Rate Reconciliation
The ETR for each of the Registrants are included in the following tables:

Three Months Ended June 30, 2025
AEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
U.S. Federal Statutory Rate21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %
Increase (decrease) due to:
State and Local Income Taxes, Net0.6 %0.9 %2.5 %0.8 %1.1 %1.0 %3.2 %(2.8)%
Tax Reform Excess ADIT Reversal
(0.4)%(2.1)%0.6 %(2.0)%2.8 %(2.7)%(2.7)%2.5 %
Remeasurement of Excess ADIT(37.0)%— %(54.3)%(26.0)%(40.8)%— %(41.4)%(79.4)%
Production and Investment Tax Credits(6.7)%(0.1)%— %(0.1)%(18.7)%— %(69.3)%(40.7)%
Reversal of Origination Flow-Through— %0.1 %0.2 %(4.1)%1.8 %0.6 %0.3 %0.9 %
AFUDC Equity(1.0)%(1.2)%(0.8)%(0.9)%(0.8)%(1.5)%(1.4)%(1.5)%
Flow-Through of CAMT(0.3)%— %— %(3.4)%— %— %— %— %
Other
(0.4)%0.1 %— %— %— %(0.1)%0.2 %(0.9)%
Effective Income Tax Rate(24.2)%18.7 %(30.8)%(14.7)%(33.6)%18.3 %(90.1)%(100.9)%

Three Months Ended June 30, 2024
AEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
U.S. Federal Statutory Rate21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %
Increase (decrease) due to:
State and Local Income Taxes, Net0.9 %0.5 %2.3 %3.0 %(3.7)%(1.2)%(2.9)%(0.1)%
Tax Reform Excess ADIT Reversal(6.0)%(1.2)%0.2 %(2.9)%(15.2)%(34.9)%(3.4)%2.0 %
Remeasurement of Excess ADIT(1.7)%3.9 %— %— %(46.2)%— %— %— %
Production and Investment Tax Credits(11.0)%(0.2)%— %(0.1)%1.8 %— %(70.6)%15.9 %
Reversal of Origination Flow-Through1.1 %0.1 %0.3 %(1.0)%12.0 %2.7 %0.3 %(0.4)%
Other
(2.4)%(1.3)%(2.4)%(2.1)%(2.0)%(4.1)%(1.5)%0.5 %
Effective Income Tax Rate1.9 %22.8 %21.4 %17.9 %(32.3)%(16.5)%(57.1)%38.9 %
Six Months Ended June 30, 2025
AEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
U.S. Federal Statutory Rate21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %
Increase (decrease) due to:
State and Local Income Taxes, Net0.9 %0.6 %2.5 %1.0 %2.0 %1.3 %3.0 %(2.2)%
Tax Reform Excess ADIT Reversal
(1.4)%(2.8)%0.4 %(2.4)%0.2 %(3.2)%(3.1)%0.1 %
Remeasurement of Excess ADIT(19.5)%— %(34.4)%(8.1)%(24.1)%— %(23.5)%(45.7)%
Production and Investment Tax Credits(6.6)%(0.1)%— %(0.1)%(15.8)%— %(51.3)%(36.6)%
Reversal of Origination Flow-Through0.2 %0.1 %0.2 %(1.8)%1.8 %0.7 %0.2 %0.8 %
AFUDC Equity(1.1)%(1.1)%(1.1)%(0.7)%(0.7)%(1.6)%(1.0)%(1.4)%
Other
0.1 %(0.1)%— %0.1 %— %— %0.1 %(0.2)%
Effective Income Tax Rate(6.4)%17.6 %(11.4)%9.0 %(15.6)%18.2 %(54.6)%(64.2)%

Six Months Ended June 30, 2024
AEPAEP TexasAEPTCoAPCoI&MOPCoPSOSWEPCo
U.S. Federal Statutory Rate21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %21.0 %
Increase (decrease) due to:
State and Local Income Taxes, Net1.8 %0.4 %2.5 %2.6 %2.3 %0.6 %— %(2.4)%
Tax Reform Excess ADIT Reversal(6.0)%(1.2)%0.2 %(10.0)%(3.4)%(10.6)%(2.8)%(1.5)%
Remeasurement of Excess ADIT(19.0)%2.4 %— %— %(55.8)%— %(116.8)%303.0 %
Production and Investment Tax Credits(7.0)%(0.2)%— %(0.1)%(0.5)%— %(61.3)%69.3 %
Other
(2.0)%(1.1)%(1.8)%(1.4)%(0.7)%(0.4)%(0.4)%(1.2)%
Effective Income Tax Rate(11.2)%21.3 %21.9 %12.1 %(37.1)%10.6 %(160.3)%388.2 %