American Electric Power Company Inc Stock Research

Market Summary

USD92.01-0.58

Delayed

-0.63%

AEP Alerts

2 major insider sales recently.

AEP Stock Price

AEP RSI Chart

AEP Valuation

Market Cap

47.3B

Price/Earnings (Trailing)

20.5

Price/Sales (Trailing)

2.41

EV/EBITDA

12.25

Price/Free Cashflow

8.94

AEP Price/Sales (Trailing)

AEP Profitability

EBT Margin

12.32%

Return on Equity

9.65%

Return on Assets

2.47%

Free Cashflow Yield

11.19%

AEP Fundamentals

AEP Revenue

Revenue (TTM)

19.6B

Revenue Y/Y

20.18%

Revenue Q/Q

-11.67%

AEP Earnings

Earnings (TTM)

2.3B

Earnings Y/Y

-28.82%

Earnings Q/Q

-43.89%

Price Action

52 Week Range

79.55104.62

(Low)(High)

Last 7 days

3.7%

Last 30 days

1.7%

Last 90 days

-3.1%

Trailing 12 Months

-1.2%

AEP Financial Health

Current Ratio

0.65

Debt/Equity

1.46

Debt/Cashflow

0.16

AEP Investor Care

Dividend Yield

3.45%

Dividend/Share (TTM)

3.17

Shares Dilution (1Y)

2.50%

Diluted EPS (TTM)

4.49

Peers (Alternatives to American Electric Power Company)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NEE	151.5B	21.0B	-0.13%	-6.43%	36.52	7.23	22.77%	16.06%
AEP	47.3B	19.6B	1.65%	-1.22%	20.5	2.41	16.96%	-7.33%
ES	26.8B	12.3B	-4.32%	-8.73%	18.95	2.18	24.60%	15.01%
ETR	21.5B	13.8B	-0.70%	-2.94%	19.53	1.56	17.21%	-1.37%
AGR	15.4B	7.9B	-2.86%	-10.24%	17.46	1.94	13.61%	24.61%
MID-CAP
PNW	8.9B	4.3B	4.77%	9.89%	17.79	2.06	13.68%	-21.25%
NRG	7.3B	31.5B	-13.33%	-18.67%	5.94	0.23	16.87%	-44.17%
OGE	7.2B	3.4B	-8.04%	-4.74%	10.86	2.14	-7.61%	-9.71%
IDA	5.4B	1.6B	2.19%	-2.54%	21.04	3.31	12.75%	5.47%
HE	4.1B	3.7B	-13.27%	-8.92%	17.07	1.11	31.28%	-2.03%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
UTL	886.7M	563.2M	5.51%	11.70%	21.42	1.57	18.99%	14.68%
GNE	278.1M	364.5M	-21.32%	49.86%	2.8	0.76	3.55%	9592.01%

Financials for American Electric Power Company

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	4.4%	19,640	18,820	17,917	17,104	16,792
Operating Expenses	6.2%	16,157	15,214	14,133	13,514	13,381
EBITDA	-2.4%	3,817	3,910	4,046	3,885	3,711
EBITDA Margin	-6.5%	0.19*	0.21*	0.23*	0.23*	0.22*
Earnings Before Taxes	-7.1%	2,420	2,605	2,798	2,662	2,512
EBT Margin	-11.0%	0.12*	0.14*	0.16*	0.16*	0.15*
Interest Expenses	7.0%	1,396	1,305	1,248	1,222	1,199
Net Income	-6.3%	2,306	2,461	2,574	2,627	2,488
Net Income Margin	-10.2%	0.12*	0.13*	0.14*	0.15*	0.15*
Free Cahsflow	-5.6%	5,288	5,600	5,787	5,579	3,840

Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.4%	93,469	91,249	90,861	89,831	87,669
Current Assets	1.1%	9,419	9,320	9,371	8,268	7,809
Cash Equivalents	-2.5%	509	522	575	676	403
Net PPE	2.1%	71,283	69,813	68,708	67,878	66,001
Goodwill	0%	53.00	53.00	53.00	53.00	53.00
Liabilities	4.0%	69,301	66,664	66,501	65,738	64,945
Current Liabilities	23.1%	14,567	11,836	12,448	13,569	12,427
. Short Term Borrowings	52.2%	4,112	2,702	2,130	3,380	2,614
Long Term Debt	4.7%	35,459	33,864	33,455	-	-
LT Debt, Current	42.2%	1,996	1,404	2,477	3,008	2,154
LT Debt, Non Current	-0.1%	33,626	33,647	32,983	30,856	31,301
Shareholder's Equity	-1.6%	23,893	24,278	24,297	24,038	22,433
Retained Earnings	-0.4%	12,346	12,390	12,109	11,985	11,667
Additional Paid-In Capital	0.6%	8,051	8,001	7,984	7,965	7,173
Accumulated Depreciation	1.0%	22,511	22,292	21,763	21,297	20,805
Shares Outstanding	0.0%	514	514	506	-	-
Minority Interest	-2.2%	229	234	241	247	247
Float	-	42,651	-	-	-	-

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	-5.6%	5,288	5,600	5,787	5,579	3,840
Cashflow From Investing	-5.5%	-7,751	-7,350	-7,403	-7,692	-6,433
Cashflow From Financing	185.2%	2,569	901	1,878	2,515	2,607
Dividend Payments	2.2%	1,645	1,609	1,577	1,546	1,520

Risks for AEP

What is the probability of a big loss on AEP?

28.5%

Probability that American Electric Power Company stock will be more than 20% underwater in next one year

18.1%

Probability that American Electric Power Company stock will be more than 30% underwater in next one year.

Probability that American Electric Power Company stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AEP drawdown profile look like?

Y-axis is the maximum loss one would have experienced if American Electric Power Company was unfortunately bought at previous high price.

Drawdowns

Returns for AEP

Cumulative Returns on AEP

10.6%

10-Year Cumulative Returns

8.7%

7-Year Cumulative Returns

9.9%

5-Year Cumulative Returns

5.6%

3-Year Cumulative Returns

What are the long-term rolling returns for AEP?

FIve years rolling returns for American Electric Power Company.

Annualized Returns

Which funds bought or sold AEP recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	61.5	935,138	2,144,140	0.06%
2023-03-13	Claro Advisors LLC	reduced	-0.13	-13,407	1,162,590	0.38%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	15.43	22,025,200	104,262,000	0.11%
2023-03-10	MATHER GROUP, LLC.	reduced	-2.97	42,486	687,486	0.01%
2023-03-06	BIRMINGHAM CAPITAL MANAGEMENT CO INC/AL	reduced	-7.54	8,124	524,124	0.20%
2023-03-06	Aldebaran Financial Inc.	unchanged	-	18,375	237,375	0.26%
2023-03-06	Rockefeller Capital Management L.P.	reduced	-9.98	-232,000	20,440,000	0.10%
2023-03-06	NORTH STAR ASSET MANAGEMENT INC	added	0.41	22,013	231,013	0.01%
2023-03-03	TIAA, FSB	reduced	-3.91	124,756	2,371,760	0.01%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	132,930	132,930	-%

Latest Funds Activity

Are funds buying AEP calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own AEP

No. of Funds

AEP Alerts

2 major insider sales recently.

American Electric Power Company News

Schedule 13G FIlings of American Electric Power Company

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.38%	48,176,777	SC 13G/A
Feb 06, 2023	state street corp	5.46%	28,082,231	SC 13G/A
Feb 03, 2023	blackrock inc.	8.4%	43,459,730	SC 13G/A
Mar 11, 2022	blackrock inc.	8.4%	42,180,106	SC 13G/A
Feb 14, 2022	price t rowe associates inc /md/	1.6%	8,166,114	SC 13G/A
Feb 10, 2022	state street corp	5.07%	25,549,235	SC 13G/A
Feb 09, 2022	vanguard group inc	8.55%	43,072,334	SC 13G/A
Feb 08, 2022	blackrock inc.	8.4%	42,180,106	SC 13G
Feb 16, 2021	price t rowe associates inc /md/	6.1%	30,497,305	SC 13G
Feb 12, 2021	state street corp	4.89%	24,295,338	SC 13G/A

AEP Fair Value

American Electric Power Company fair value in different scenarios

The table shows the Fair Value estimates for American Electric Power Company for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	58.96 -35.92%	81.12 -11.84%	92.76 0.82%	124.23 35.02%	148.25 61.12%
Current Inflation	53.50 -41.85%	61.83 -32.80%	75.03 -18.45%	92.69 0.74%	106.59 15.85%
Very High Inflation	49.62 -46.07%	64.64 -29.75%	71.61 -22.17%	92.16 0.16%	107.66 17.01%

Historical American Electric Power Company Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of American Electric Power Company

View All Filings

Date Filed	Form Type	Document
Mar 15, 2023	DEFA14A	DEFA14A
Mar 15, 2023	DEF 14A	DEF 14A
Mar 13, 2023	8-K	Current Report
Mar 02, 2023	PRER14A	PRER14A
Mar 01, 2023	8-K	Current Report
Feb 28, 2023	PRE 14A	PRE 14A
Feb 28, 2023	424B2	Prospectus Filed
Feb 28, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading
Feb 27, 2023	4	Insider Trading

Latest Insider Trading transactions for AEP

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-02-27	Hall Greg B	sold	-80,435	90.99	-884	executive vice president
2023-02-24	Akins Nicholas K	sold	-4,564,480	89.44	-51,034	executive chair
2023-02-24	Feinberg David Matthew	sold	-357,581	89.44	-3,998	executive vice president
2023-02-23	Feinberg David Matthew	acquired	-	-	14,564	executive vice president
2023-02-23	Sundararajan Raja	acquired	-	-	3,902	executive vice president
2023-02-23	SLOAT JULIA A	sold (taxes)	-	-	-282	president, ceo
2023-02-23	Beam Christian T	sold (taxes)	-	-	-1,300	executive vice president
2023-02-23	Sundararajan Raja	sold (taxes)	-	-	-685	executive vice president
2023-02-23	Akins Nicholas K	sold (taxes)	-	-	-41,547	executive chair
2023-02-23	Hall Greg B	acquired	-	-	3,599	executive vice president

About American Electric Power Company

Nicholas K. Akins

www.aep.com

16700

American Electric Power Company, Inc., an electric public utility holding company, engages in the generation, transmission, and distribution of electricity for sale to retail and wholesale customers in the United States. It operates through Vertically Integrated Utilities, Transmission and Distribution Utilities, AEP Transmission Holdco, and Generation & Marketing segments. The company generates electricity using coal and lignite, natural gas, nuclear, hydro, solar, wind, and other energy sources. It also supplies and markets electric power at wholesale to other electric utility companies, rural electric cooperatives, municipalities, and other market participants. American Electric Power Company, Inc. was incorporated in 1906 and is headquartered in Columbus, Ohio.

AEP Income Statement

2022-12-31

AEP Balance Sheet

2022-12-31

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Revenues
Revenue from Contracts with Customers	$ 19,639.5		$ 16,792.0		$ 14,918.5
Sales to AEP Affiliates	0.0		0.0		0.0
TOTAL REVENUES	19,639.5		16,792.0		14,918.5
Expenses
Other Operation	2,878.1		2,547.7		2,572.4
Maintenance	1,249.4		1,121.8		1,010.4
Loss on the Expected Sale of the Kentucky Operations	363.3		0.0		0.0
Asset Impairments and Other Related Charges	48.8		11.6		0.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset	(37.0)		0.0		0.0
Gain on Sale of Merchant Generation Assets	(116.3)		0.0		0.0
Depreciation and Amortization	3,202.8		2,825.7		2,682.8
Taxes Other Than Income Taxes	1,469.8		1,407.6		1,295.5
TOTAL EXPENSES	16,156.8		13,380.7		11,930.8
OPERATING INCOME (LOSS)	3,482.7		3,411.3		2,987.7
Other Income (Expense):
Other Income	11.6		41.4		57.0
Allowance for Equity Funds Used During Construction	133.7		139.7		148.1
Non-Service Cost Components of Net Periodic Benefit Cost	188.5		118.6		119.0
Interest Expense	(1,396.1)		(1,199.1)		(1,165.7)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)	2,420.4		2,511.9		2,146.1
Income Tax Expense/Benefit	5.4		115.5		40.5
Equity Earnings (Loss) of Unconsolidated Subsidiaries	(109.4)		91.7		91.1
Net Income (Loss)	2,305.6		2,488.1		2,196.7
Net Income Attributable to Noncontrolling Interests	(1.6)		0.0		(3.4)
EARNINGS ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ 2,307.2		$ 2,488.1		$ 2,200.1
Earnings Per Share
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING	511,841,946		500,522,177		495,718,223
Total Basic Earnings (Loss) per Share Attributable to AEP Common Shareholders	$ 4.51		$ 4.97		$ 4.44
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING	513,484,609		501,784,032		497,226,867
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS	$ 4.49		$ 4.96		$ 4.42
Vertically Integrated Utilities [Member]
Revenues
Revenue from Contracts with Customers	$ 11,292.8		$ 9,852.2		$ 8,753.2
Transmission and Distribution Utilities [Member]
Revenues
Revenue from Contracts with Customers	5,489.6		4,464.1		4,238.7
Generation and Marketing Revenues [Member]
Revenues
Revenue from Contracts with Customers	2,448.9		2,108.3		1,621.0
Other Revenues [Member]
Revenues
Revenue from Contracts with Customers	408.2		367.4		305.6
TOTAL REVENUES	360.3	^[1],[2]	227.6	^[3],[4]	61.5	^[5],[6]
Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]
Expenses
Cost of Goods and Services Sold	7,097.9		5,466.3		4,369.7
AEP Texas Inc. [Member]
Revenues
Revenue from Contracts with Customers	1,848.0		1,587.7		1,528.0
Sales to AEP Affiliates	3.5		3.9		90.8
TOTAL REVENUES	1,846.8		1,593.8		1,618.9
Expenses
Other Operation	594.2		489.5		488.9
Maintenance	93.5		86.2		80.5
Depreciation and Amortization	452.4		387.0		529.8
Taxes Other Than Income Taxes	157.5		155.1		136.4
TOTAL EXPENSES	1,297.6		1,117.8		1,249.3
OPERATING INCOME (LOSS)	549.2		476.0		369.6
Other Income (Expense):
Interest Income	3.6		0.8		1.4
Allowance for Equity Funds Used During Construction	19.7		21.5		19.4
Non-Service Cost Components of Net Periodic Benefit Cost	16.7		11.1		11.2
Interest Expense	(208.7)		(176.5)		(171.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)	380.5		332.9		229.8
Income Tax Expense/Benefit	72.6		43.1		(11.2)
Net Income (Loss)	307.9		289.8		241.0
AEP Texas Inc. [Member] \| Transmission and Distribution Utilities [Member]
Revenues
Revenue from Contracts with Customers	1,839.7		1,586.4		1,524.9
AEP Texas Inc. [Member] \| Other Revenues [Member]
Revenues
Revenue from Contracts with Customers	3.6		3.5		3.2
TOTAL REVENUES	0.0	^[7]	0.0	^[8]	87.5	^[9]
AEP Texas Inc. [Member] \| Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]
Expenses
Cost of Goods and Services Sold	0.0		0.0		13.7
AEP Transmission Co [Member]
Revenues
Revenue from Contracts with Customers	1,651.7		1,410.9		1,232.7
Sales to AEP Affiliates	1,354.5		1,171.5		954.6
TOTAL REVENUES	1,624.5		1,469.3		1,145.7
Expenses
Other Operation	136.3		105.5		99.8
Maintenance	17.2		18.4		10.2
Depreciation and Amortization	346.2		297.3		249.0
Taxes Other Than Income Taxes	271.1		238.8		205.2
TOTAL EXPENSES	770.8		660.0		564.2
OPERATING INCOME (LOSS)	853.7		809.3		581.5
Other Income (Expense):
Interest Income	1.6		0.5		2.4
Allowance for Equity Funds Used During Construction	70.7		67.2		74.0
Interest Expense	(162.7)		(141.2)		(127.8)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)	763.3		735.8		530.1
Income Tax Expense/Benefit	169.1		144.1		106.7
Net Income (Loss)	594.2		591.7		423.4
Earnings Per Share
Provision for Refund-Affiliated	(70.7)		(17.6)		(58.3)
Provision for Refund-Nonaffiliated	(14.2)		(2.4)		(16.0)
AEP Transmission Co [Member] \| Transmission [Member]
Revenues
Revenue from Contracts with Customers	354.9		317.8		265.4
AEP Transmission Co [Member] \| Other Revenues [Member]
Revenues
Revenue from Contracts with Customers	(0.2)		0.3		0.6
TOTAL REVENUES	0.0	^[7]	0.0	^[8]	0.0	^[9]
Appalachian Power Co [Member]
Revenues
Revenue from Contracts with Customers	3,520.7		3,092.9		2,809.2
Sales to AEP Affiliates	256.1		197.9		174.7
TOTAL REVENUES	3,519.9		3,105.2		2,796.2
Expenses
Other Operation	724.1		610.0		530.5
Maintenance	297.8		265.5		226.8
Asset Impairments and Other Related Charges	24.9		0.0		0.0
Establishment of 2017-2019 Virginia Triennial Review Regulatory Asset	(37.0)		0.0		0.0
Re-Establishment of Regulatory Asset - Coal Fired Generation	0.0		0.0		(49.0)
Depreciation and Amortization	575.9		546.2		507.5
Taxes Other Than Income Taxes	158.2		154.2		150.2
TOTAL EXPENSES	2,917.8		2,555.8		2,239.6
OPERATING INCOME (LOSS)	602.1		549.4		556.6
Other Income (Expense):
Interest Income	3.5		1.0		1.6
Allowance for Equity Funds Used During Construction	11.7		15.6		14.6
Non-Service Cost Components of Net Periodic Benefit Cost	29.0		19.0		18.8
Interest Expense	(233.9)		(214.0)		(217.6)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)	412.4		371.0		374.0
Income Tax Expense/Benefit	18.2		22.1		4.3
Net Income (Loss)	394.2		348.9		369.7
Appalachian Power Co [Member] \| Vertically Integrated Utilities [Member]
Revenues
Revenue from Contracts with Customers	3,245.5		2,895.5		2,610.9
Appalachian Power Co [Member] \| Other Revenues [Member]
Revenues
Revenue from Contracts with Customers	18.3		11.8		10.6
TOTAL REVENUES	0.5	^[7]	0.0	^[8]	0.0	^[9]
Appalachian Power Co [Member] \| Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]
Expenses
Cost of Goods and Services Sold	1,173.9		979.9		873.6
Indiana Michigan Power Co [Member]
Revenues
Revenue from Contracts with Customers	2,659.7		2,330.7		2,236.0
Sales to AEP Affiliates	15.3		3.8		10.5
Other Revenues - Affiliated	54.3		54.0		60.8
TOTAL REVENUES	2,669.6		2,326.7		2,241.8
Expenses
Purchased Electricity from AEP Affiliates	241.8		217.9		172.8
Other Operation	621.0		645.2		650.0
Maintenance	227.2		210.0		193.2
Depreciation and Amortization	527.2		446.0		411.6
Taxes Other Than Income Taxes	97.0		110.8		107.1
TOTAL EXPENSES	2,249.7		1,968.8		1,878.9
OPERATING INCOME (LOSS)	419.9		357.9		362.9
Other Income (Expense):
Other Income	9.3		11.7		10.0
Allowance for Equity Funds Used During Construction	9.8		12.8		11.5
Non-Service Cost Components of Net Periodic Benefit Cost	24.9		16.4		16.7
Interest Expense	(125.2)		(116.8)		(112.3)
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) AND EQUITY EARNINGS (LOSS)	328.9		269.2		277.3
Income Tax Expense/Benefit	4.2		(10.6)		(7.5)
Net Income (Loss)	324.7		279.8		284.8
Indiana Michigan Power Co [Member] \| Vertically Integrated Utilities [Member]
Revenues
Revenue from Contracts with Customers	2,588.3		2,261.2		2,165.3
Indiana Michigan Power Co [Member] \| Other Revenues [Member]
Revenues
Revenue from Contracts with Customers	11.7		7.7		5.2
Sales to AEP Affiliates	62.0		60.0		69.0
TOTAL REVENUES	(0.1)	^[7]	0.0	^[8]	0.0	^[9]
Indiana Michigan Power Co [Member] \| Purchased Electricity, Fuel and Other Consumables Used for Electric Generation [Member]
Expenses
Cost of Goods and Services Sold	535.5		338.9		344.2
Ohio Power Co [Member]
Revenues
Revenue from Contracts with Customers	3,672.1		2,837.5		2,665.0
Sales to AEP Affiliates	18.8		24.8		41.5
TOTAL REVENUES	3,665.1		2,899.1		2,749.1
Expenses
Purchased Electricity from AEP Affiliates	9.8		51.9		119.7
Other Operation	982.0		836.8		822.6
Maintenance	185.5		158.2		127.1
Depreciation and Amortization	294.3		303.3		276.6
Taxes Other Than Income Taxes	502.4		485.7		450.2
TOTAL EXPENSES	3,251.4		2,513.9		2,345.4
OPERATING INCOME (LOSS)	413.7		385.2		403.7

Consolidated Balance Sheets - USD ($) $ in Millions		Dec. 31, 2022	Dec. 31, 2021
Current Assets
Cash and Cash Equivalents		$ 509.4	$ 403.4
Restricted Cash		47.1	48.0
Other Temporary Investments		187.5	220.4
Accounts Receivable:
Customers		1,081.5	720.9
Accrued Unbilled Revenues		287.9	204.4
Pledged Accounts Receivable - AEP Credit		1,207.4	1,038.0
Miscellaneous		49.6	33.9
Allowance for Uncollectible Accounts		(56.1)	(55.6)
Total Accounts Receivable		2,570.3	1,941.6
Fuel		413.2	307.9
Materials and Supplies		888.9	681.3
Risk Management Assets		340.4	194.4
Accrued Tax Benefits		99.4	121.5
Assets Held for Sale		2,823.5	2,919.7
Regulatory Asset for Under-Recovered Fuel Costs	^[1]	1,286.8	647.8
Margin Deposits		81.9	193.4
Prepayments and Other Current Assets		170.3	129.8
TOTAL CURRENT ASSETS		9,418.7	7,809.2
Property, Plant and Equipment
Generation		24,597.7	23,088.1
Transmission		32,312.9	29,911.1
Distribution		26,077.2	24,440.0
Other Property, Plant and Equipment		6,142.1	5,682.9
Construction Work in Progress		4,664.1	3,684.3
Total Property, Plant and Equipment		93,794.0	86,806.4
Accumulated Depreciation and Amortization		22,511.1	20,805.1
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET	^[2]	71,282.9	66,001.3
Other Noncurrent Assets
Regulatory Assets	^[3]	4,281.2	4,142.3
Securitized Assets		446.0	552.8
Spent Nuclear Fuel and Decommissioning Trusts		3,341.2	3,867.0
Goodwill		52.5	52.5
Derivative Asset, Noncurrent		284.1	267.0
Operating Lease Assets		645.0	578.3
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs		3,717.8	4,398.3
TOTAL OTHER NONCURRENT ASSETS		12,767.8	13,858.2
TOTAL ASSETS		93,469.4	87,668.7
Current Liabilities
Accounts Payable		2,613.0	2,054.6
Short-term Debt:
Securitized Debt for Receivables - AEP Credit	^[4]	750.0	750.0
Other Short-term Debt		3,362.2	1,864.0
Total Short-term Debt		4,112.2	2,614.0
Long-term Debt Due Within One Year		1,996.4	2,153.8
Risk Management Liabilities		145.2	75.4
Customer Deposits		370.0	321.6
Accrued Taxes		1,672.8	1,586.4
Accrued Interest		327.6	273.2
Obligations Under Operating Leases		113.4	97.6
Liabilities Held for Sale		1,955.7	1,880.9
Regulatory Liability for Over-Recovered Fuel Costs		1.4	1.5
Other Current Liabilities		1,261.1	1,369.2
TOTAL CURRENT LIABILITIES		14,567.4	12,426.7
Noncurrent Liabilities
Long-term Debt		33,626.2	31,300.7
Deferred Income Tax Liabilities, Net	^[5]	8,493.3	8,202.5
Long-term Risk Management Liabilities		345.3	230.3
Regulatory Liabilities and Deferred Investment Tax Credits	^[6]	7,999.6	8,686.3
Asset Retirement Obligations		2,860.8	2,676.2
Employee Benefits and Pension Obligations		257.3	328.4
Obligations Under Operating Leases		552.1	492.8
Deferred Credits and Other Noncurrent Liabilities		599.1	601.3
TOTAL NONCURRENT LIABILITIES		54,733.7	52,518.5
TOTAL LIABILITIES		69,301.1	64,945.2
Rate Matters
Commitments and Contingencies
Contingently Redeemable Performance Share Awards		45.9	43.3
Total Mezzanine Equity		45.9	43.3
Equity
Common Stock		3,413.1	3,408.7
Paid-in Capital		8,051.0	7,172.6
Retained Earnings		12,345.6	11,667.1
Accumulated Other Comprehensive Income (Loss)		83.7	184.8
TOTAL COMMON SHAREHOLDERS' EQUITY		23,893.4	22,433.2
Noncontrolling Interests		229.0	247.0
TOTAL EQUITY		24,122.4	22,680.2
TOTAL LIABILITIES AND EQUITY		$ 93,469.4	$ 87,668.7
Common Stock, Par Value Per Share		$ 6.50	$ 6.50
Common Stock, Shares, Issued		525,099,321	524,416,175
Common Stock, Shares Authorized		600,000,000	600,000,000
Treasury Stock, Shares		11,233,240	20,204,160
Subsidiaries [Member]
Current Assets
Restricted Cash		$ 47.1	$ 48.0
Other Temporary Investments		182.9	214.8
Short-term Debt:
Long-term Debt Due Within One Year		218.2	190.5
Noncurrent Liabilities
Long-term Debt		755.3	840.5
AEP Texas Inc. [Member]
Current Assets
Cash and Cash Equivalents		0.1	0.1
Restricted Cash		32.7	30.4
Advances to Affiliates		6.9	6.9
Accounts Receivable:
Customers		150.9	123.4
Affiliated Companies		11.9	7.9
Accrued Unbilled Revenues		91.4	77.9
Miscellaneous		0.2	0.0
Allowance for Uncollectible Accounts		(4.2)	(4.0)
Total Accounts Receivable		250.2	205.2
Materials and Supplies		138.8	73.9
Accrued Tax Benefits		12.2	24.8
Prepayments and Other Current Assets		6.0	5.9
TOTAL CURRENT ASSETS		446.9	347.2
Property, Plant and Equipment
Transmission		6,301.5	5,849.9
Distribution		5,312.8	4,917.2
Other Property, Plant and Equipment		1,022.8	961.1
Construction Work in Progress		805.2	551.3
Total Property, Plant and Equipment		13,442.3	12,279.5
Accumulated Depreciation and Amortization		1,760.7	1,644.1
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET		11,681.6	10,635.4
Other Noncurrent Assets
Regulatory Assets		298.3	275.2
Securitized Assets		286.4	367.6
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs		179.0	211.3
TOTAL OTHER NONCURRENT ASSETS		763.7	854.1
TOTAL ASSETS		12,892.2	11,836.7
Current Liabilities
Advances from Affiliates		96.5	26.9
Accounts Payable		331.0	306.3
Affiliated Companies		34.7	32.5
Short-term Debt:
Long-term Debt Due Within One Year		278.5	716.0
Accrued Taxes		95.5	93.3
Accrued Interest		48.3	44.7
Obligations Under Operating Leases		28.6	14.0
Other Current Liabilities		130.7	78.0
TOTAL CURRENT LIABILITIES		1,043.8	1,311.7
Noncurrent Liabilities
Long-term Debt		5,379.3	4,464.8
Deferred Income Tax Liabilities, Net		1,144.2	1,088.9
Regulatory Liabilities and Deferred Investment Tax Credits		1,259.6	1,242.0
Obligations Under Operating Leases		67.8	61.3
Deferred Credits and Other Noncurrent Liabilities		93.2	73.8
TOTAL NONCURRENT LIABILITIES		7,944.1	6,930.8
TOTAL LIABILITIES		8,987.9	8,242.5
Rate Matters
Commitments and Contingencies
Equity
Paid-in Capital		1,558.2	1,553.9
Retained Earnings		2,354.7	2,046.8
Accumulated Other Comprehensive Income (Loss)		(8.6)	(6.5)
TOTAL EQUITY		3,904.3	3,594.2
TOTAL LIABILITIES AND EQUITY		12,892.2	11,836.7
AEP Texas Inc. [Member] \| AEP Texas Transition and Restoration Funding [Member]
Current Assets
Restricted Cash		32.7	30.4
Other Noncurrent Assets
Securitized Assets		286.4	367.6
Short-term Debt:
Long-term Debt Due Within One Year		93.5	91.0
Accrued Interest		2.2	2.3
Noncurrent Liabilities
Long-term Debt		221.0	313.7
AEP Transmission Co [Member]
Current Assets
Cash and Cash Equivalents		0.0	0.0
Advances to Affiliates		0.0	27.2
Accounts Receivable:
Customers		46.7	22.5
Affiliated Companies		117.9	96.1
Total Accounts Receivable		164.6	118.6
Materials and Supplies		10.7	9.3
Accrued Tax Benefits		4.2	5.6
Assets Held for Sale		178.0	167.9
Prepayments and Other Current Assets		3.0	2.7
TOTAL CURRENT ASSETS		360.5	331.3
Property, Plant and Equipment
Transmission		12,183.2	10,886.3
Other Property, Plant and Equipment		451.9	427.4
Construction Work in Progress		1,547.1	1,394.8
Total Property, Plant and Equipment		14,182.2	12,708.5
Accumulated Depreciation and Amortization		1,012.1	772.8
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET	^[7]	13,170.1	11,935.7
Other Noncurrent Assets
Regulatory Assets	^[8]	6.8	8.5
Deferred Property Taxes		266.6	245.7
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs		10.2	3.2
TOTAL OTHER NONCURRENT ASSETS		283.6	257.4
TOTAL ASSETS	^[9]	13,814.2	12,524.4
Current Liabilities
Advances from Affiliates		229.3	124.0
Accounts Payable		427.0	460.1
Affiliated Companies		81.9	69.9
Short-term Debt:
Long-term Debt Due Within One Year		60.0	104.0
Accrued Taxes		528.3	479.0
Accrued Interest		28.4	28.4
Obligations Under Operating Leases		1.3	0.9
Liabilities Held for Sale		28.6	27.6
Other Current Liabilities		8.4	3.0
TOTAL CURRENT LIABILITIES		1,393.2	1,296.9
Noncurrent Liabilities
Long-term Debt		4,722.8	4,239.9
Deferred Income Tax Liabilities, Net	^[10]	1,040.4	962.9
Regulatory Liabilities and Deferred Investment Tax Credits	^[11]	715.0	644.1
Obligations Under Operating Leases		1.5	1.3
Deferred Credits and Other Noncurrent Liabilities		68.3	3.2
TOTAL NONCURRENT LIABILITIES		6,548.0	5,851.4
TOTAL LIABILITIES		7,941.2	7,148.3
Rate Matters
Commitments and Contingencies
Equity
Members' Capital		3,022.3	2,949.6
Retained Earnings		2,850.7	2,426.5
TOTAL MEMBER'S EQUITY		5,873.0	5,376.1
TOTAL LIABILITIES AND EQUITY		13,814.2	12,524.4
Appalachian Power Co [Member]
Current Assets
Cash and Cash Equivalents		7.5	2.5
Restricted Cash		14.4	17.6
Advances to Affiliates		19.8	20.8
Accounts Receivable:
Customers		168.9	158.5
Affiliated Companies		94.0	129.9
Accrued Unbilled Revenues		91.3	54.0
Miscellaneous		0.3	0.2
Allowance for Uncollectible Accounts		(1.7)	(1.6)
Total Accounts Receivable		352.8	341.0
Fuel		158.9	67.1
Materials and Supplies		130.6	109.8
Risk Management Assets		69.1	42.0
Regulatory Asset for Under-Recovered Fuel Costs		473.1	201.3
Margin Deposits		7.4	71.8
Prepayments and Other Current Assets		26.0	51.4
TOTAL CURRENT ASSETS		1,259.6	925.3
Property, Plant and Equipment
Generation		6,776.8	6,683.9
Transmission		4,482.8	4,322.4
Distribution		4,933.0	4,683.3
Other Property, Plant and Equipment		883.3	696.6
Construction Work in Progress		705.3	469.9
Total Property, Plant and Equipment		17,781.2	16,856.1
Accumulated Depreciation and Amortization		5,402.0	5,051.8
TOTAL PROPERTY, PLANT AND EQUIPMENT - NET		12,379.2	11,804.3
Other Noncurrent Assets
Regulatory Assets		1,058.6	757.6
Securitized Assets		159.6	185.1
Employee Benefits and Pension Assets		152.9	220.5
Operating Lease Assets		73.6	66.9
Deferred Charges and Other Noncurrent Assets - Prepaid Benefit Costs		138.7	129.2
TOTAL OTHER NONCURRENT ASSETS		1,583.4	1,359.3
TOTAL ASSETS		15,222.2	14,088.9
Current Liabilities
Advances from Affiliates		182.2	199.3
Accounts Payable		451.2	262.2
Affiliated Companies		142.7	118.6
Short-term Debt:
Long-term Debt Due Within One Year		251.8	480.7
Customer Deposits		75.1	73.9
Accrued Taxes		101.0	119.7
Obligations Under Operating Leases		15.0	15.1
Other Current Liabilities		171.2	146.4
TOTAL CURRENT LIABILITIES		1,390.2	1,415.9
Noncurrent Liabilities
Long-term Debt		5,158.7	4,458.2
Deferred Income Tax Liabilities, Net		1,992.2	1,804.7
Regulatory Liabilities and Deferred Investment Tax Credits		1,143.6	1,238.8
Asset Retirement Obligations		419.2	394.9
Employee Benefits and Pension Obligations		34.2	41.5
Obligations Under Operating Leases		59.1	52.4
Deferred Credits and Other Noncurrent Liabilities		49.6	34.6
TOTAL NONCURRENT LIABILITIES		8,856.6	8,025.1
TOTAL LIABILITIES		10,246.8	9,441.0
Rate Matters
Commitments and Contingencies
Equity
Common Stock		260.4	260.4
Paid-in Capital		1,828.7	1,828.7
Retained Earnings		2,891.1	2,534.4
Accumulated Other Comprehensive Income (Loss)		(4.8)	24.4
TOTAL EQUITY		4,975.4	4,647.9
TOTAL LIABILITIES AND EQUITY		$ 15,222.2	$ 14,088.9
Common Stock, No Par Value		$ 0	$ 0
Common Stock, Shares Authorized		30,000,000	30,000,000
Common Stock, Shares Outstanding		13,499,500	13,499,500
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