v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - I&M - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES        
TOTAL REVENUES $ 5,445 $ 5,087 $ 11,465 $ 10,550
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 1,603 1,541 3,721 3,394
Other Operation 814 538 1,564 1,290
Maintenance 444 390 855 709
Depreciation and Amortization 910 854 1,817 1,687
Taxes Other Than Income Taxes 427 365 870 787
TOTAL EXPENSES 4,198 3,688 8,858 7,867
OPERATING INCOME 1,247 1,399 2,607 2,683
Other Income (Expense):        
Other Income 14 15 20 23
Non-Service Cost Components of Net Periodic Benefit Cost 19 35 57 70
Interest Expense (585) (489) (1,137) (984)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 770 1,017 1,692 1,906
Income Tax Expense (Benefit) 52 (251) 96 (126)
Nonrelated Party        
REVENUES        
TOTAL REVENUES 5,445 5,087 11,465 10,550
INDIANA MICHIGAN POWER COMPANY        
REVENUES        
TOTAL REVENUES 800 737 1,733 1,460
EXPENSES        
Other Operation 202 177 390 348
Maintenance 80 88 156 148
Depreciation and Amortization 138 129 269 253
Taxes Other Than Income Taxes 26 22 50 48
TOTAL EXPENSES 656 614 1,384 1,247
OPERATING INCOME 144 123 349 213
Other Income (Expense):        
Other Income 8 4 16 9
Non-Service Cost Components of Net Periodic Benefit Cost 3 5 7 10
Interest Expense (49) (39) (92) (74)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 106 93 280 158
Income Tax Expense (Benefit) 9 (31) 35 (24)
NET INCOME 97 124 245 182
INDIANA MICHIGAN POWER COMPANY | Affiliated Entity        
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 58 66 135 142
INDIANA MICHIGAN POWER COMPANY | Nonrelated Party        
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 152 132 384 308
Electric Generation, Transmission and Distribution | INDIANA MICHIGAN POWER COMPANY        
REVENUES        
TOTAL REVENUES 811 736 1,772 1,495
Sales to AEP Affiliates | INDIANA MICHIGAN POWER COMPANY        
REVENUES        
TOTAL REVENUES 2 2 7 6
(Provision For) Reversal Of Refund | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity        
REVENUES        
TOTAL REVENUES (4) 9 (4) 8
(Provision For) Reversal Of Refund | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party        
REVENUES        
TOTAL REVENUES (23) (26) (71) (84)
Other Revenues        
REVENUES        
TOTAL REVENUES 134 158 264 290
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity        
REVENUES        
TOTAL REVENUES 13 14 27 30
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party        
REVENUES        
TOTAL REVENUES $ 1 $ 2 $ 2 $ 5