v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - SWEPCo - 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
Asset Impairments and Other Related Charges 0 0 31 0
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):        
Allowance for Equity Funds Used During Construction 81 59 226 173
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 (Benefit) 125 139 221 13
Equity Earnings of Unconsolidated Subsidiaries 25 21 79 80
NET INCOME 1,218 1,000 2,868 3,091
Net Income Attributable to Noncontrolling Interests 31 28 94 93
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 1,187 972 2,774 2,998
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 1,187 972 2,774 2,998
SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES 770 724 1,929 1,825
EXPENSES        
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation 205 192 532 575
Other Operation 128 122 372 327
Maintenance 52 55 155 140
Asset Impairments and Other Related Charges 0 0 31 0
Depreciation and Amortization 130 128 374 334
Taxes Other Than Income Taxes 34 36 106 100
TOTAL EXPENSES 549 533 1,570 1,476
OPERATING INCOME 221 191 359 349
Other Income (Expense):        
Interest Income 2 4 5 9
Allowance for Equity Funds Used During Construction 8 7 23 14
Non-Service Cost Components of Net Periodic Benefit Cost 1 1 4 5
Interest Expense (62) (37) (171) (110)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 170 166 220 267
Income Tax Expense (Benefit) (18) (24) (111) (88)
Equity Earnings of Unconsolidated Subsidiaries 1 0 1 1
NET INCOME 189 190 332 356
Net Income Attributable to Noncontrolling Interests 1 1 2 3
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Basic 188 189 330 353
EARNINGS (LOSS) ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS, Diluted 188 189 330 353
Electric Generation, Transmission and Distribution | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES 769 694 1,906 1,761
Sales to AEP Affiliates | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES 24 28 71 63
Provision for Refund – Nonaffiliated | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES (25) (4) (53) (9)
Other Revenues        
REVENUES        
TOTAL REVENUES 134 126 398 416
Other Revenues | SOUTHWESTERN ELECTRIC POWER COMPANY        
REVENUES        
TOTAL REVENUES $ 2 $ 6 $ 5 $ 10