2020 Q4 Form 10-K Financial Statement

#000000490421000010 Filed on February 25, 2021

View on sec.gov

Income Statement

Concept 2020 Q4 2020 2019 Q4
Revenue $3.611B $14.92B $3.616B
YoY Change -0.14% -4.13% -4.87%
Cost Of Revenue $789.0M $2.930B $859.0M
YoY Change -8.15% -7.42% -1.83%
Gross Profit $2.822B $11.99B $2.757B
YoY Change 2.36% -3.28% -5.78%
Gross Profit Margin 78.15% 80.36% 76.24%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $706.8M $2.488B $658.4M
YoY Change 7.35% 12.88% 5.8%
% of Gross Profit 25.05% 20.75% 23.88%
Operating Expenses $2.251B $11.93B $2.306B
YoY Change -2.39% -8.01% 0.09%
Operating Profit $571.0M $2.988B $294.7M
YoY Change 93.76% 15.25% -46.53%
Interest Expense -$252.0M $1.166B -$245.0M
YoY Change 2.86% 8.69% 16.11%
% of Operating Profit -44.13% 39.02% -83.14%
Other Income/Expense, Net $71.00M $57.00M $38.00M
YoY Change 86.84% 114.29% 31.03%
Pretax Income $390.0M $2.234B $88.00M
YoY Change 343.18% 17.35% -76.15%
Income Tax $31.00M $40.50M -$44.00M
% Of Pretax Income 7.95% 1.81% -50.0%
Net Earnings $436.0M $2.197B $152.7M
YoY Change 185.53% 14.42% -58.14%
Net Earnings / Revenue 12.07% 14.72% 4.22%
Basic Earnings Per Share $4.44
Diluted Earnings Per Share $875.5K $4.42 $311.7K
COMMON SHARES
Basic Shares Outstanding 496.6M shares 495.7M shares 494.2M shares
Diluted Shares Outstanding 497.2M shares

Balance Sheet

Concept 2020 Q4 2020 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $594.0M $594.0M $450.0M
YoY Change 32.0% 32.0% 14.5%
Cash & Equivalents $392.7M $393.0M $246.8M
Short-Term Investments $201.0M $201.0M $203.0M
Other Short-Term Assets $669.0M $669.0M $976.0M
YoY Change -31.45% -31.45% -9.88%
Inventory $1.310B $1.310B $1.169B
Prepaid Expenses
Receivables $1.843B $1.561B $1.705B
Other Receivables $218.0M $218.0M $27.00M
Total Short-Term Assets $4.352B $4.352B $4.078B
YoY Change 6.71% 6.72% -0.88%
LONG-TERM ASSETS
Property, Plant & Equipment $63.90B $64.77B $60.14B
YoY Change 6.26% 6.01% 9.15%
Goodwill $52.50M $52.50M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $1.406B $1.357B
YoY Change 3.66% 60.32%
Other Assets $3.852B $11.59B $3.407B
YoY Change 13.06% 8.61% 32.2%
Total Long-Term Assets $12.50B $76.41B $11.68B
YoY Change 7.09% 6.39% 21.76%
TOTAL ASSETS
Total Short-Term Assets $4.352B $4.352B $4.078B
Total Long-Term Assets $12.50B $76.41B $11.68B
Total Assets $80.76B $80.76B $75.89B
YoY Change 6.41% 6.41% 10.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.710B $1.710B $2.086B
YoY Change -18.03% -18.02% 11.28%
Accrued Expenses $509.0M $509.0M $478.0M
YoY Change 6.49% 6.49% 106.03%
Deferred Revenue
YoY Change
Short-Term Debt $2.479B $2.479B $2.838B
YoY Change -12.65% -12.65% 48.6%
Long-Term Debt Due $2.086B $2.144B $1.599B
YoY Change 30.49% 29.47% -5.88%
Total Short-Term Liabilities $9.927B $9.927B $10.30B
YoY Change -3.62% -3.61% 19.08%
LONG-TERM LIABILITIES
Long-Term Debt $28.99B $29.22B $25.13B
YoY Change 15.36% 15.14% 16.07%
Other Long-Term Liabilities $728.0M $12.55B $719.8M
YoY Change 1.14% -0.43% -8.02%
Total Long-Term Liabilities $50.01B $41.77B $45.57B
YoY Change 9.74% 9.97% 11.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.927B $9.927B $10.30B
Total Long-Term Liabilities $50.01B $41.77B $45.57B
Total Liabilities $59.94B $60.16B $55.87B
YoY Change 7.28% 7.02% 12.56%
SHAREHOLDERS EQUITY
Retained Earnings $10.69B $9.901B
YoY Change 7.95% 6.17%
Common Stock $3.359B $3.343B
YoY Change 0.48% 0.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares 20.20M shares 20.20M shares
Shareholders Equity $20.55B $20.60B $19.63B
YoY Change
Total Liabilities & Shareholders Equity $80.76B $80.76B $75.89B
YoY Change 6.41% 6.41% 10.3%

Cashflow Statement

Concept 2020 Q4 2020 2019 Q4
OPERATING ACTIVITIES
Net Income $436.0M $2.197B $152.7M
YoY Change 185.53% 14.42% -58.14%
Depreciation, Depletion And Amortization $706.8M $2.488B $658.4M
YoY Change 7.35% 12.88% 5.8%
Cash From Operating Activities $910.7M $3.833B $920.2M
YoY Change -1.03% -10.24% -28.7%
INVESTING ACTIVITIES
Capital Expenditures -$1.557B $0.00 -$1.716B
YoY Change -9.24% -100.0% 4.46%
Acquisitions
YoY Change
Other Investing Activities $30.60M -$116.6M -$71.10M
YoY Change -143.04% -19533.33% 217.41%
Cash From Investing Activities -$1.527B -$6.234B -$1.787B
YoY Change -14.57% -12.75% 7.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $155.0M
YoY Change 137.37%
Debt Paid & Issued, Net $1.340B
YoY Change 9.75%
Cash From Financing Activities 590.4M $2.407B 809.5M
YoY Change -27.07% -15.93% -779.68%
NET CHANGE
Cash From Operating Activities 910.7M $3.833B 920.2M
Cash From Investing Activities -1.527B -$6.234B -1.787B
Cash From Financing Activities 590.4M $2.407B 809.5M
Net Change In Cash -25.50M $5.700M -57.20M
YoY Change -55.42% -149.57% -88.41%
FREE CASH FLOW
Cash From Operating Activities $910.7M $3.833B $920.2M
Capital Expenditures -$1.557B $0.00 -$1.716B
Free Cash Flow $2.468B $3.833B $2.636B
YoY Change -6.38% 14.36% -10.13%

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CY2018 us-gaap Finance Lease Principal Payments
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CY2020 us-gaap Payments Of Dividends Common Stock
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CY2019 us-gaap Payments Of Dividends Common Stock
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1350000000.0 USD
CY2018 us-gaap Payments Of Dividends Common Stock
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CY2020 us-gaap Minority Interest Decrease From Redemptions
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CY2019 us-gaap Minority Interest Decrease From Redemptions
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CY2018 us-gaap Minority Interest Decrease From Redemptions
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
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CY2019 us-gaap Proceeds From Payments For Other Financing Activities
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CY2018 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018 us-gaap Net Cash Provided By Used In Financing Activities
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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2020 us-gaap Basis Of Accounting
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:700;line-height:120%">ORGANIZATION</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The Registrants engage in the generation, transmission and distribution of electric power.  The Registrant Subsidiaries that conduct most of these activities are regulated by the FERC under the Federal Power Act and the Energy Policy Act of 2005 and maintain accounts in accordance with the FERC and other regulatory guidelines.  Most of these companies are subject to further regulation with regard to rates and other matters by state regulatory commissions.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">AEP provides competitive electric and gas supply for residential, commercial and industrial customers in deregulated electricity markets and also provides energy management solutions throughout the United States, including energy efficiency services through its independent retail electric supplier.</span></div>The Registrants also engage in wholesale electricity, natural gas and other commodity marketing and risk management activities in the United States and provide various energy-related services.  In addition, AEP operates competitive wind and solar farms. I&amp;M provides barging services to both affiliated and nonaffiliated companies.  SWEPCo, through consolidated and non-consolidated affiliates, conducts lignite mining operations to fuel certain of its generation facilities.
CY2020 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:11pt;font-weight:400;line-height:120%">The preparation of these financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes.  These estimates include, but are not limited to, inventory valuation, allowance for doubtful accounts, goodwill, intangible and long-lived asset impairment, unbilled electricity revenue, valuation of long-term energy contracts, the effects of regulation, long-lived asset recovery, storm costs, the effects of contingencies and certain assumptions made in accounting for pension and postretirement benefits.  The estimates and assumptions used are based upon management’s evaluation of the relevant facts and circumstances as of the date of the financial statements.  Actual results could ultimately differ from those estimates.</span></div>
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CY2020 us-gaap Concentration Risk Credit Risk
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The Registrant Subsidiaries monitor credit levels and the financial condition of their customers on a continuous basis to minimize credit risk.  The regulatory commissions allow recovery in rates for a reasonable level of bad debt costs.  Management believes adequate provisions for credit loss have been made in the accompanying Registrant Subsidiary financial statements.
CY2020 aep Amortizationof Certain Securitized Assets
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CY2020 aep Amortizationof Regulatory Assetsand Liabilities
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CY2020 aep Employees Participating In Voluntary Retirement Incentive Program
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200
CY2020 aep Percent Of Voluntary Retirement Incentive Program Expense Related To Aep Service Corporation
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CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019 us-gaap Earnings Per Share Basic
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CY2018 us-gaap Earnings Per Share Diluted
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CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2018 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2020 us-gaap Depreciation
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CY2019 us-gaap Depreciation
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CY2018 us-gaap Depreciation
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CY2019 us-gaap Interest Paid Net
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CY2018 us-gaap Interest Paid Net
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CY2019 us-gaap Income Taxes Paid Net
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CY2018 us-gaap Income Taxes Paid Net
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CY2020 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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CY2019 us-gaap Construction In Progress Expenditures Incurred But Not Yet Paid
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CY2018 us-gaap Capital Expenditures Incurred But Not Yet Paid
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CY2018 aep Acquisition Of Nuclear Fuel Included In Current Liabilities
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CY2020 aep Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage
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CY2019 aep Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage
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CY2018 aep Expected Reimbursement For Spent Nuclear Fuel Dry Cask Storage
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CY2019 us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019 aep Other Comprehensive Income Unrealized Gain Loss Arising During Period Net Of Tax
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CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Before Tax
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CY2019 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2018 aep Other Comprehensive Income Unrealized Gain Loss Arising During Period Net Of Tax
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CY2018 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2019Q4 us-gaap Regulatory Assets Current
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CY2019Q4 us-gaap Regulatory Assets Noncurrent
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CY2019Q4 us-gaap Regulatory Liability Current
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CY2019Q4 us-gaap Regulatory Liability Noncurrent
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CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation Due Within One Year
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CY2020Q4 aep Recorded Unconditional Purchase Obligation Due Within Two To Three Year
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CY2020Q4 aep Recorded Unconditional Purchase Obligation Due Within Four To Five Year
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CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation Due After Fifth Year
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CY2020Q4 us-gaap Recorded Unconditional Purchase Obligation
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CY2020 us-gaap Asset Retirement Obligation Period Increase Decrease
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CY2020 aep Matching Contributions Provided Percentage
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1
CY2020 aep Eligible Compensation Contribution By Employee Percentage
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CY2020 aep Second Matching Contributions Provided Percentage
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CY2020 aep Second Eligible Compensation Contribution By Employee Percentage
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CY2020 us-gaap Defined Contribution Plan Cost Recognized
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CY2019 us-gaap Defined Contribution Plan Cost Recognized
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CY2018 us-gaap Defined Contribution Plan Cost Recognized
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CY2020Q4 us-gaap Multiemployer Plans Withdrawal Obligation
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CY2019Q4 us-gaap Multiemployer Plans Withdrawal Obligation
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CY2020 us-gaap Revenues
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CY2020 us-gaap Interest Expense
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CY2020 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Profit Loss
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CY2020Q4 us-gaap Assets
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CY2020Q4 us-gaap Long Term Debt Noncurrent
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CY2020Q4 us-gaap Long Term Debt
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CY2019 us-gaap Revenues
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CY2019Q4 us-gaap Assets
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CY2019Q4 us-gaap Long Term Debt
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CY2018 us-gaap Profit Loss
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CY2019Q4 us-gaap Obligation To Return Securities Received As Collateral
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CY2020 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2019 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2020Q4 aep Carrying Amountof Hedged Asset Liability
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CY2019Q4 us-gaap Hedged Liability Discontinued Fair Value Hedge Cumulative Increase Decrease
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CY2020 us-gaap Derivative Gain Loss On Derivative Net
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CY2019 us-gaap Derivative Gain Loss On Derivative Net
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31900000 USD
CY2018 us-gaap Derivative Gain Loss On Derivative Net
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CY2020 aep Gain Loss On Fair Value Portion Of Long Term Debt
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CY2019 aep Gain Loss On Fair Value Portion Of Long Term Debt
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CY2018 aep Gain Loss On Fair Value Portion Of Long Term Debt
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11300000 USD
CY2020Q4 aep Notional Amount Of A Discontinued Hedge
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500000000 USD
CY2020Q4 us-gaap Deferred Gain Loss On Discontinuation Of Fair Value Hedge
DeferredGainLossOnDiscontinuationOfFairValueHedge
57000000 USD
CY2020Q4 us-gaap Deferred Gain Loss On Discontinuation Of Fair Value Hedge
DeferredGainLossOnDiscontinuationOfFairValueHedge
57000000 USD
CY2020Q4 aep Fair Value Of Derivative Liabilities Subject To Cross Default Provisions
FairValueOfDerivativeLiabilitiesSubjectToCrossDefaultProvisions
188400000 USD
CY2020Q4 us-gaap Collateral Already Posted Aggregate Fair Value
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0 USD
CY2020Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
169200000 USD
CY2019Q4 aep Fair Value Of Derivative Liabilities Subject To Cross Default Provisions
FairValueOfDerivativeLiabilitiesSubjectToCrossDefaultProvisions
267300000 USD
CY2019Q4 us-gaap Collateral Already Posted Aggregate Fair Value
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3700000 USD
CY2019Q4 us-gaap Assets Needed For Immediate Settlement Aggregate Fair Value
AssetsNeededForImmediateSettlementAggregateFairValue
246700000 USD
CY2020Q4 us-gaap Long Term Debt
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31072500000 USD
CY2020Q4 us-gaap Long Term Debt Fair Value
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37457000000.0 USD
CY2019Q4 us-gaap Long Term Debt
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26725500000 USD
CY2019Q4 us-gaap Long Term Debt Fair Value
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30172000000.0 USD
CY2020Q4 us-gaap Investment Owned At Cost
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214900000 USD
CY2020Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation
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31500000 USD
CY2020Q4 us-gaap Investment Owned Unrecognized Unrealized Depreciation
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0 USD
CY2020Q4 us-gaap Other Short Term Investments
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246400000 USD
CY2019Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
367100000 USD
CY2019Q4 us-gaap Investment Owned Unrecognized Unrealized Appreciation
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21400000 USD
CY2019Q4 us-gaap Investment Owned Unrecognized Unrealized Depreciation
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0 USD
CY2019Q4 us-gaap Other Short Term Investments
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388500000 USD
CY2020 us-gaap Proceeds From Sale Of Short Term Investments
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50900000 USD
CY2019 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
21200000 USD
CY2018 us-gaap Proceeds From Sale Of Short Term Investments
ProceedsFromSaleOfShortTermInvestments
0 USD
CY2020 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
41600000 USD
CY2019 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
45000000.0 USD
CY2018 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
3100000 USD
CY2020 aep Gross Realized Gains On Investment Sales On Short Term Investment
GrossRealizedGainsOnInvestmentSalesOnShortTermInvestment
3800000 USD
CY2019 aep Gross Realized Gains On Investment Sales On Short Term Investment
GrossRealizedGainsOnInvestmentSalesOnShortTermInvestment
0 USD
CY2018 aep Gross Realized Gains On Investment Sales On Short Term Investment
GrossRealizedGainsOnInvestmentSalesOnShortTermInvestment
0 USD
CY2020 aep Gross Realized Losses On Investment Sales On Short Term Investment
GrossRealizedLossesOnInvestmentSalesOnShortTermInvestment
200000 USD
CY2019 aep Gross Realized Losses On Investment Sales On Short Term Investment
GrossRealizedLossesOnInvestmentSalesOnShortTermInvestment
400000 USD
CY2018 aep Gross Realized Losses On Investment Sales On Short Term Investment
GrossRealizedLossesOnInvestmentSalesOnShortTermInvestment
0 USD
CY2020Q4 aep Spent Nuclear Fuel And Decommissioning Trusts
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3306700000 USD
CY2019Q4 aep Spent Nuclear Fuel And Decommissioning Trusts
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2975700000 USD
CY2020Q4 us-gaap Other Short Term Investments
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246400000 USD
CY2020Q4 us-gaap Derivative Assets
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336900000 USD
CY2020Q4 aep Spent Nuclear Fuel And Decommissioning Trusts
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3306700000 USD
CY2020Q4 us-gaap Assets Fair Value Disclosure
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3921800000 USD
CY2020Q4 us-gaap Derivative Liabilities
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311600000 USD
CY2019Q4 us-gaap Other Short Term Investments
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388500000 USD
CY2019Q4 us-gaap Derivative Assets
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439400000 USD
CY2019Q4 aep Spent Nuclear Fuel And Decommissioning Trusts
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2975700000 USD
CY2019Q4 us-gaap Assets Fair Value Disclosure
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3803600000 USD
CY2019Q4 us-gaap Derivative Liabilities
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376100000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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109900000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
39500000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
35300000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
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13800000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements
-113100000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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-3800000 USD
CY2020 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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5600000 USD
CY2020 aep Changes In Fair Value Allocated To Regulated Jurisdiction
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26100000 USD
CY2020Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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113300000 USD
CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
131200000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
15800000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
-100000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
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-15100000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
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-117600000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
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-600000 USD
CY2019 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersOutOfLevel3
35600000 USD
CY2019 aep Changes In Fair Value Allocated To Regulated Jurisdiction
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60700000 USD
CY2019Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
109900000 USD
CY2017Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisWithUnobservableInputs
40300000 USD
CY2018 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Earnings
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInEarnings
148900000 USD
CY2018 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Change In Unrealized Gain Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisChangeInUnrealizedGainLoss
9800000 USD
CY2018 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Gain Loss Included In Other Comprehensive Income Loss
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationGainLossIncludedInOtherComprehensiveIncomeLoss
15700000 USD
CY2018 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Purchases Sales Issues Settlements
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationPurchasesSalesIssuesSettlements
-214000000.0 USD
CY2018 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Into Level3
FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputsReconciliationTransfersIntoLevel3
15800000 USD
CY2018 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis Unobservable Inputs Reconciliation Transfers Out Of Level3
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-1600000 USD
CY2018 aep Changes In Fair Value Allocated To Regulated Jurisdiction
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116300000 USD
CY2018Q4 us-gaap Fair Value Net Derivative Asset Liability Measured On Recurring Basis With Unobservable Inputs
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131200000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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146900000 USD
CY2018 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40500000 USD
CY2020 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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8700000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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48500000 USD
CY2020 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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31800000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40500000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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CY2019 us-gaap Current State And Local Tax Expense Benefit
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4400000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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61700000 USD
CY2019 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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66100000 USD
CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Current Federal Tax Expense Benefit
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CY2018 us-gaap Deferred Federal Income Tax Expense Benefit
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122000000.0 USD
CY2018 us-gaap Federal Income Tax Expense Benefit Continuing Operations
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90300000 USD
CY2018 us-gaap Current State And Local Tax Expense Benefit
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30800000 USD
CY2018 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2018 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
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25000000.0 USD
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115300000 USD
CY2020 us-gaap Profit Loss
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2196700000 USD
CY2019 us-gaap Profit Loss
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1919800000 USD
CY2018 us-gaap Profit Loss
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
40500000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
115300000 USD
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2234300000 USD
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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1903900000 USD
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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2043900000 USD
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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469200000 USD
CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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399800000 USD
CY2018 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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429200000 USD
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
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26500000 USD
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
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20400000 USD
CY2018 us-gaap Income Tax Reconciliation Nondeductible Expense Depreciation
IncomeTaxReconciliationNondeductibleExpenseDepreciation
24600000 USD
CY2020 us-gaap Income Tax Reconciliation Tax Credits Investment
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18800000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Credits Investment
IncomeTaxReconciliationTaxCreditsInvestment
13000000.0 USD
CY2018 us-gaap Income Tax Reconciliation Tax Credits Investment
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20400000 USD
CY2020 aep Increase Decrease In Income Taxes Due To Energy Production Credits
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-83100000 USD
CY2019 aep Increase Decrease In Income Taxes Due To Energy Production Credits
IncreaseDecreaseInIncomeTaxesDueToEnergyProductionCredits
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CY2018 aep Increase Decrease In Income Taxes Due To Energy Production Credits
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CY2020 us-gaap Income Tax Reconciliation Tax Settlements State And Local
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25100000 USD
CY2019 us-gaap Income Tax Reconciliation Tax Settlements State And Local
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52200000 USD
CY2018 us-gaap Income Tax Reconciliation Tax Settlements State And Local
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19700000 USD
CY2020 aep Increase Decrease In Income Taxes Due To Removal Costs
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-18600000 USD
CY2019 aep Increase Decrease In Income Taxes Due To Removal Costs
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CY2018 aep Increase Decrease In Income Taxes Due To Removal Costs
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CY2020 aep Increase Decrease In Income Taxes Afudc
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-32500000 USD
CY2019 aep Increase Decrease In Income Taxes Afudc
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-37100000 USD
CY2018 aep Increase Decrease In Income Taxes Afudc
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-29400000 USD
CY2020 aep Tax Reform Adjustments
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0 USD
CY2019 aep Tax Reform Adjustments
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0 USD
CY2018 aep Tax Reform Adjustments
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CY2020 aep Tax Reform Excess Adit Reversal
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CY2019 aep Tax Reform Excess Adit Reversal
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CY2018 aep Tax Reform Excess Adit Reversal
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CY2020 aep Caresact Provision
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-48000000.0 USD
CY2019 aep Caresact Provision
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0 USD
CY2018 aep Caresact Provision
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CY2020 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2019 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2019 us-gaap Income Tax Expense Benefit
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CY2018 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Deferred Income Tax Liabilities
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CY2019Q4 us-gaap Deferred Income Tax Liabilities
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CY2020Q4 aep Deferred Tax Assets Liabilities Net Property Related Temporary Differences
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7340500000 USD
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6602900000 USD
CY2020Q4 aep Amounts Due From Customers For Future Federal Income Taxes
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CY2019Q4 aep Amounts Due From Customers For Future Federal Income Taxes
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CY2020Q4 aep Deferred State Income Taxes
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1317600000 USD
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1198000000.0 USD
CY2020Q4 aep Deferred Tax Assets Liabilities Securitized Assets
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140000000.0 USD
CY2019Q4 aep Deferred Tax Assets Liabilities Securitized Assets
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178700000 USD
CY2020Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
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CY2019Q4 us-gaap Deferred Tax Liabilities Regulatory Assets
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CY2019Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards General Business
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CY2020Q4 aep All Other Net
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CY2019Q4 aep All Other Net
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CY2019Q4 us-gaap Unrecognized Tax Benefits
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24100000 USD
CY2018Q4 us-gaap Unrecognized Tax Benefits
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CY2017Q4 us-gaap Unrecognized Tax Benefits
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86600000 USD
CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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2100000 USD
CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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2800000 USD
CY2018 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Current Period Tax Positions
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CY2020 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2019 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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CY2018 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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71000000.0 USD
CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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0 USD
CY2019 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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