v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - SWEPCo - 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
Asset Impairments and Other Related Charges 0 0 31 0
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):        
Allowance for Equity Funds Used During Construction 75 57 145 114
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)
Equity Earnings of Unconsolidated Subsidiaries 29 21 54 59
NET INCOME 747 1,289 1,650 2,091
Net Income Attributable to Noncontrolling Interests 34 63 63 65
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 713 1,226 1,587 2,026
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 713 1,226 1,587 2,026
SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES 588 570 1,159 1,101
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 156 192 327 383
Other Operation 126 108 244 205
Maintenance 57 50 103 85
Asset Impairments and Other Related Charges 0 0 31 0
Depreciation and Amortization 123 108 244 206
Taxes Other Than Income Taxes 35 29 72 64
TOTAL EXPENSES 497 487 1,021 943
OPERATING INCOME 91 83 138 158
Other Income (Expense):        
Interest Income 1 3 3 5
Allowance for Equity Funds Used During Construction 7 4 15 7
Non-Service Cost Components of Net Periodic Benefit Cost 2 2 3 4
Interest Expense (59) (34) (109) (73)
INCOME (LOSS) BEFORE INCOME TAX EXPENSE (BENEFIT) 42 58 50 101
Income Tax Expense (Benefit) (44) (58) (93) (64)
Equity Earnings of Unconsolidated Subsidiaries 0 1 0 1
NET INCOME 86 117 143 166
Net Income Attributable to Noncontrolling Interests 0 1 1 2
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 86 116 142 164
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 86 116 142 164
Electric Generation, Transmission and Distribution | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES 561 545 1,109 1,062
Sales to AEP Affiliates | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES 25 24 47 35
Other Revenues        
REVENUES        
TOTAL REVENUES 134 158 264 290
Other Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES $ 2 $ 1 $ 3 $ 4