v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - I&M - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUES        
TOTAL REVENUES $ 6,832 $ 6,011 $ 18,297 $ 16,561
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 2,087 1,981 5,808 5,375
Other Operation 1,028 798 2,592 2,088
Maintenance 447 405 1,302 1,114
Depreciation and Amortization 1,025 879 2,842 2,566
Taxes Other Than Income Taxes 433 426 1,303 1,213
TOTAL EXPENSES 5,020 4,489 13,878 12,356
OPERATING INCOME 1,812 1,522 4,419 4,205
Other Income (Expense):        
Other Income 6 12 26 35
Non-Service Cost Components of Net Periodic Benefit Cost 25 34 82 104
Interest Expense (606) (509) (1,743) (1,493)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 1,318 1,118 3,010 3,024
Income Tax Expense 125 139 221 13
Nonrelated Party        
REVENUES        
TOTAL REVENUES 6,832 6,011 18,297 16,561
INDIANA MICHIGAN POWER COMPANY        
REVENUES        
TOTAL REVENUES 894 812 2,627 2,272
EXPENSES        
Other Operation 231 189 621 537
Maintenance 89 71 245 219
Depreciation and Amortization 142 133 411 386
Taxes Other Than Income Taxes 23 23 73 71
TOTAL EXPENSES 740 646 2,124 1,893
OPERATING INCOME 154 166 503 379
Other Income (Expense):        
Other Income 8 6 24 15
Non-Service Cost Components of Net Periodic Benefit Cost 3 5 10 15
Interest Expense (46) (38) (138) (112)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 119 139 399 297
Income Tax Expense 6 (11) 41 (35)
NET INCOME 113 150 358 332
INDIANA MICHIGAN POWER COMPANY | Affiliated Entity        
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 93 72 228 214
INDIANA MICHIGAN POWER COMPANY | Nonrelated Party        
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 162 158 546 466
Electric Generation, Transmission and Distribution | INDIANA MICHIGAN POWER COMPANY        
REVENUES        
TOTAL REVENUES 917 841 2,689 2,336
Sales to AEP Affiliates | INDIANA MICHIGAN POWER COMPANY        
REVENUES        
TOTAL REVENUES 4 4 11 10
(Provision For) Reversal Of Refund | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity        
REVENUES        
TOTAL REVENUES (1) 0 (5) 8
(Provision For) Reversal Of Refund | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party        
REVENUES        
TOTAL REVENUES (48) (51) (119) (135)
Other Revenues        
REVENUES        
TOTAL REVENUES 134 126 398 416
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Affiliated Entity        
REVENUES        
TOTAL REVENUES 20 17 47 47
Other Revenues | INDIANA MICHIGAN POWER COMPANY | Nonrelated Party        
REVENUES        
TOTAL REVENUES $ 2 $ 1 $ 4 $ 6