| Period End | Type | Status | Affected | % Workforce | Announced | Expected Completion | Geography | Segment / Function | Charge | Source | Note |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | All Segments | USD 122 (millions) | Note 14 - Voluntary Severance Program f5-10k / Qwen3.6-27B-Q8_0 | Approximately 1,000 employees chose to take the voluntary severance package. Substantially all terminated employment in July 2024. AEP recorded a charge to expense of $122 million in the second quarter of 2024. | |
| 2025-09-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | Company-wide | USD 122 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Program announced April 2024; about 1,000 of 7,400 eligible employees accepted, substantially all departing July 2024. Charge recorded in Q2 2024; all expenses settled as of September 30, 2025. AEP will seek recovery of the regulated portion. | |
| 2025-09-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | All Segments | USD 122 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 1,000 employees chose to take the voluntary severance package; substantially all terminated employment in July 2024. Charge incurred in Q2 2024. | |
| 2025-06-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | All segments | USD 122 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Program announced April 2024; approximately 1,000 of 7,400 eligible employees (out of 16,800 total) elected severance, with substantially all terminations in July 2024. Charge recorded in Q2 2024; as of June 30, 2025 all incurred expenses have been settled. AEP will seek recovery for the portion related to regulated operations. | |
| 2025-06-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | All functions | USD 122 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 7,400 of 16,800 employees were eligible; ~1,000 elected the package and substantially all terminated in July 2024. Severance: two weeks base pay per year of service, min 4 weeks, max 52 weeks. Total severance expense incurred across registrants was $122.0M at AEP level. Some impacted positions are being refilled. | |
| 2025-06-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | Corporate and Operations | USD 122 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 1,000 of 16,800 eligible employees participated. Substantially all terminated in July 2024. Charge recorded in Q2 2024. | |
| 2024-12-31 | voluntary_separation | completed | 1,000 | 6.1% | 2024-04-01 | 2024-07-31 | United States | Enterprise-wide | USD 122 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 7,400 of 16,800 employees were eligible; ~1,000 chose the package and substantially all terminated in July 2024. A separate $90M pension settlement charge was recorded in 2024. Percent of workforce calculated against 16,330 year-end total. |
| 2024-12-31 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | All Segments | USD 122 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Approximately 1,000 employees chose to take the voluntary severance package; substantially all terminated employment in July 2024. AEP recorded a $122 million pretax expense in Q2 2024. Additionally, a $90 million pension settlement charge was recognized. | |
| 2024-09-30 | voluntary_separation | in_progress | 1,000 | 2024-04-01 | Company-wide | USD 122 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Voluntary severance program announced April 2024 to reduce workforce; approximately 1,000 of 7,400 eligible employees accepted, with substantially all terminating employment in July 2024. Benefits provide two weeks of base pay per year of service, minimum four weeks, maximum 52 weeks. $111 million of the $122 million pretax charge was paid in Q3 2024; $11 million remained accrued at September 30, 2024. Certain positions will be refilled. Settlement accounting threshold of $306 million under the qualified pension plan not yet reached; AEP will assess in Q4 2024. | |||
| 2024-09-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | Enterprise-wide | USD 122 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 7,400 of 16,800 employees were eligible; ~1,000 elected the package and substantially all terminated in July 2024. Charge recorded in Q2 2024; $111M of benefits paid in Q3 2024. Benefit: two weeks base pay per year of service, min 4 weeks, max 52 weeks. Some positions to be refilled. | |
| 2024-09-30 | voluntary_separation | completed | 1,000 | 2024-04-01 | 2024-07-31 | United States | Corporate and Other | USD 122 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Approximately 1,000 employees chose to take the voluntary severance package and substantially all terminated employment in July 2024. AEP recorded a $122 million pretax expense in Q2 2024. | |
| 2024-06-30 | voluntary_separation | in_progress | 1,000 | 2024-04-01 | 2024-07-31 | United States | Company-wide | USD 122 (millions) | restructuring_footnote f5-10q / GLM-5.3-flash-fp4-HTML | Voluntary severance program announced April 2024 to reduce workforce and offset inflation and interest cost pressures. Approximately 7,400 of 16,800 employees were eligible; about 1,000 elected to participate, with substantially all terminating employment in July 2024. Benefits provide two weeks of base pay per year of service, minimum four weeks, maximum 52 weeks. Payments expected substantially in Q3 2024; no material curtailment or settlement accounting triggered. | |
| 2024-06-30 | voluntary_separation | in_progress | 1,000 | 2024-04-30 | 2024-07-31 | United States | Enterprise-wide | USD 122 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 7,400 of 16,800 employees were eligible; ~1,000 elected the package. Severance is 2 weeks base pay per year of service (min 4, max 52 weeks). Substantially all terminations in July 2024. Charge of $122M pretax recorded in Q2 2024. | |
| 2024-06-30 | voluntary_separation | in_progress | 1,000 | 2024-04-01 | 2024-07-31 | United States | Corporate and All Segments | USD 122 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Approximately 1,000 employees chose to take the voluntary severance package; substantially all will terminate employment in July 2024. AEP recorded a $122 million pretax expense in Q2 2024. | |
| 2024-03-31 | voluntary_separation | announced | 2024-04-01 | United States | Company-wide | MD&A f5-10q / GLM-5.3-flash-fp4-HTML | Program announced April 2024; approximately 7,400 of 16,800 employees eligible. Benefits: two weeks of base pay per year of service, minimum four weeks, maximum 52 weeks. Management expects to record a charge in Q2 2024; impact may be material but cannot yet be predicted. | ||||
| 2024-03-31 | voluntary_separation | announced | 7,400 | 44.05% | 2024-04-30 | United States | All | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced April 2024; 7,400 of 16,800 employees eligible. Severance: 2 weeks base pay per year of service, min 4 weeks, max 52 weeks. Charge expected in Q2 2024; amount not yet quantified. | ||
| 2024-03-31 | voluntary_separation | announced | 2024-04-01 | United States | Corporate and Other | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Approximately 7,400 of 16,800 employees eligible. Charge expected in Q2 2024. Impact may be material. | ||||
| 2022-12-31 | divestiture_reduction | in_progress | 2021-10-26 | Kentucky | Vertically Integrated Utilities (KPCo and KTCo) | USD 363 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Kentucky Power Company and Kentucky Transmission Company to Liberty Utilities for $2.646B enterprise value; $363M pretax loss recorded in FY2022. Headcount impact not quantified. Pending FERC Section 203 approval. | |||
| 2022-12-31 | divestiture_reduction | announced | 2023-02-01 | 2023-06-30 | United States | Generation & Marketing (competitive contracted renewables portfolio) | subsequent_events f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved sale of 1.4 GW renewables portfolio for $1.5B including assumed project debt; expected Q2 2023 close. Estimated pretax loss of $175M-$225M. Headcount impact not quantified. | |||
| 2022-12-31 | divestiture_reduction | completed | 2022-03-01 | 2022-09-30 | United States | Generation & Marketing (Cardinal Plant Unit 1) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of 595 MW Cardinal Plant Unit 1 to nonaffiliated electric cooperative; closed Q3 2022. Proceeds not material. Headcount impact not quantified. | |||
| 2022-03-31 | divestiture_reduction | in_progress | 2021-10-01 | 2022-06-30 | Kentucky, West Virginia | Vertically Integrated Utilities (KPCo and KTCo) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Pending sale of KPCo and KTCo to Liberty Utilities for ~$2.85B enterprise value; no employee count disclosed. Filing notes Mitchell Plant KPCo employees would transfer to WPCo under the proposed operations agreement. | |||
| 2021-12-31 | divestiture_reduction | announced | 2021-10-01 | 2022-06-30 | Kentucky | Vertically Integrated Utilities (KPCo) and AEP Transmission Holdco (KTCo) | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Kentucky Power Company and Kentucky Transmission Company for ~$2.85B enterprise value; expected to close Q2 2022. No employee count disclosed for affected workforce. | |||
| 2021-09-30 | other | in_progress | 2021-06-01 | 2021-11-01 | United States | Corporate / All Segments | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Management announced a Future of Work model designating employees as On-Site, Hybrid, or Remote. Transition of On-Site and Hybrid employees began in October 2021; Remote employees scheduled to begin transitioning back in November 2021. | |||
| 2021-09-30 | divestiture_reduction | announced | 2021-10-01 | 2022-06-30 | Kentucky | Vertically Integrated Utilities | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | AEP entered into agreement to sell KPCo and KTCo. Sale expected to close in Q2 2022. KPCo employees at Mitchell Plant will become employees of WPCo at closing. | |||
| 2020-12-31 | voluntary_separation | completed | 200 | 2020-06-01 | 2020-08-01 | USD 18 (millions) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | Announced June 2020; 200 employees participated with most effective retirement date of August 1, 2020. Charge of $13M for lump sum salary payments and medical subsidies plus $5M for incremental LTIP grants. Approximately 92% of expense initially recorded within AEPSC and allocated among affiliated entities. | |||
| 2020-12-31 | voluntary_separation | completed | 200 | 2020-06-01 | 2020-08-01 | United States | Various | USD 18 (millions) | Item 1. Business - Human Capital Management f5-10k / Qwen3.6-27B-Q8_0 | Voluntary retirement incentive program announced June 2020. 200 employees participated. Charge of $13 million for lump sum salary payments/subsidies and $5 million for LTIP grants. | |
| 2020-09-30 | voluntary_separation | completed | 200 | 2020-06-01 | 2020-08-01 | United States | AEP System-wide | USD 18 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 200 employees participated; $13M cash severance plus $5M LTIP grants; ~92% of expense allocated to AEPSC and affiliates; effective retirement date August 1, 2020 | |
| 2020-09-30 | voluntary_separation | completed | 200 | 2020-06-01 | 2020-08-01 | United States | Corporate and Other | USD 18 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement incentive program announced June 2020. 200 employees participated. Charge of $13 million for lump sum salary payments/subsidies and $5 million for LTIP grants recorded in August 2020. | |
| 2020-06-30 | voluntary_separation | in_progress | 200 | 2020-06-30 | 2020-08-01 | United States | Corporate (approximately 92% of expense within AEPSC) | USD 18 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced June 2020; volunteers enrolled through 2020-07-06; most retire 2020-08-01. Charges comprise $13M lump-sum salary and medical subsidy plus $5M incremental LTI grants. Exact announcement day not specified. | |
| 2020-06-30 | voluntary_separation | announced | 200 | 2020-06-01 | 2020-08-01 | United States | Corporate and Other | USD 18 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Voluntary retirement incentive program announced June 2020. 200 employees participated. $13M for lump sum salary/medical subsidies and $5M for LTIP grants to be recorded in August 2020. | |
| 2020-03-31 | plant_closure | announced | 2020-03-01 | 2020-06-30 | Louisiana, United States | Dolet Hills Lignite Company (DHLC) — lignite mining operations supporting SWEPCo's Dolet Hills Power Station | USD 21 (millions) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | In March 2020 DHLC notified a substantial portion of its workforce that employment would permanently end in June 2020 due to cessation of lignite mining. No specific employee count disclosed. The $21M charge relates to an increase in estimated ARO liabilities from revised useful lives, not severance. | ||
| 2020-03-31 | restructuring | in_progress | 2020-03-31 | 2020-06-30 | Arkansas | Mining | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Management notified a substantial portion of DHLC workforce that employment will permanently end in June 2020 due to cessation of lignite mining. | |||
| 2018-09-30 | restructuring | in_progress | 2018-09-30 | United States | Generation & Marketing | USD 17 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Severance accruals related to announced merchant generation plant retirements (Oklaunion and Conesville). | |||
| 2016-12-31 | divestiture_reduction | completed | 306 | 2016-09-01 | 2017-01-01 | Ohio | Generation & Marketing | Item 1. Business - AGR f5-10k / Qwen3.6-27B-Q8_0 | AGR sold three generating units in Jan 2017. Headcount reduced from 842 to 536. | ||
| 2015-12-31 | plant_closure | completed | 2015-05-31 | United States (OH, WV, VA, IN, KY) | Vertically Integrated Utilities; Generation & Marketing | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Multiple plant/unit retirements in May 2015 totaling 5,535 MW: Kammer (630 MW), Muskingum River (1,440 MW), Picway (100 MW), Clinch River Unit 3 (235 MW), Glen Lyn (335 MW), Kanawha River (400 MW), Sporn (600 MW), Tanners Creek (995 MW), Big Sandy Unit 2 (800 MW). Severance program provided two weeks of base pay per year of service; employee counts not disclosed. | ||||
| 2015-12-31 | divestiture_reduction | completed | 2015-10-01 | 2015-11-30 | United States | AEP River Operations (Corporate and Other) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of commercial barge transportation subsidiary AEPRO closed November 2015; net proceeds $491 million, net gain $253 million. Employee headcount transferred not disclosed. | |||
| 2015-12-31 | restructuring | in_progress | 2014-12-31 | United States | Vertically Integrated Utilities; Generation & Marketing | USD 9 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program initiated 2014 for plant closures; $9.3M remaining balance at 2015-12-31 after $22.6M settled during 2015. Employee counts not disclosed. Approximately 33% of cumulative expense in Generation & Marketing segment, 67% in Vertically Integrated Utilities. | |||
| 2015-12-31 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Multiple | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program completed by end of Q1 2013; charges recorded in 2013. Employee counts not disclosed. Included for context; activity primarily in prior fiscal years. | |||
| 2015-09-30 | plant_closure | completed | 2015-05-31 | 2015-05-31 | United States | Generation & Marketing; Vertically Integrated Utilities | USD 29 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Multiple coal plants retired May 2015 totaling 5,535 MW. Severance program provides two weeks base pay per year of service. $29M charge recorded in 2014; $3M additional incurred in Q2 2015. No employee count disclosed. 32% of cumulative expense in Generation & Marketing, 68% in Vertically Integrated Utilities. | ||
| 2015-09-30 | divestiture_reduction | announced | 2015-10-01 | 2015-12-31 | United States | AEP River Operations | subsequent_events f5-10q / MiMo-V2.6-Flash-fp8-HTML | Agreement signed October 2015 to sell AEPRO barge transportation subsidiary. Expected net proceeds ~$400M after taxes; after-tax gain of $100-150M. No employee count disclosed. Subject to regulatory approval including HSR clearance. | |||
| 2015-09-30 | divestiture_reduction | completed | 2015-08-01 | 2015-08-31 | United States | Generation & Marketing | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | AGR sold retired Muskingum River Plant site in August 2015 for $48M with buyer assuming environmental liabilities and AROs. Net gain of $32M recognized. No employee count disclosed. | |||
| 2015-09-30 | plant_closure | completed | 2015-09-30 | 2015-09-30 | United States | Vertically Integrated Utilities (APCo) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Coal-related assets of Clinch River Plant Units 1 and 2 retired September 2015 as part of conversion to natural gas. $14M pending regulatory approval. No employee count disclosed. | |||
| 2015-09-30 | restructuring | in_progress | System-wide | Generation & Marketing; Vertically Integrated Utilities | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Incurred $3 million in severance charges during the nine months ended Sept 30, 2015 related to plant closures. Total liability balance was $11 million as of Sept 30, 2015. Employee count affected not disclosed. | ||||
| 2015-06-30 | plant_closure | completed | 2015-05-31 | United States | Vertically Integrated Utilities; Generation & Marketing | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Nine generating units totaling 5,535 MW retired in May 2015 (Kammer, Muskingum River, Picway, Clinch River Unit 3, Glen Lyn, Kanawha River, Sporn, Tanners Creek, Big Sandy Unit 2). Severance program provides two weeks of base pay per year of service. Cumulative expense allocated ~32% to Generation & Marketing and ~68% to Vertically Integrated Utilities. Remaining severance liability was $21M at 2015-06-30. Employee count not disclosed. | ||||
| 2015-06-30 | plant_closure | announced | 2016-12-31 | United States | Vertically Integrated Utilities | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two units totaling 998 MW planned for retirement during 2016: PSO Northeastern Station Unit 4 (470 MW) and SWEPCo Welsh Plant Unit 2 (528 MW). Net book value of regulated plants was $178M at 2015-06-30. Employee count not disclosed. | ||||
| 2015-06-30 | other | announced | 2015-04-27 | 2015-08-31 | United States | Corporate — Executive | USD 700,000 (units) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Executive separation agreement with American Electric Power Service Corporation. $700,000 gross separation payment due within 30 days after 2015-08-31 termination date. Executive relinquishes participation in other incentive and severance plans. | ||
| 2015-06-30 | restructuring | in_progress | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Charges incurred in Q2 2015 related to involuntary severances from plant closures. Employee count not disclosed. | ||||||
| 2015-03-31 | plant_closure | in_progress | 2015-06-30 | United States | Generation (multiple plants) | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance liability of $28M at 3/31/2015 for involuntary separations from retiring generation plants; $29M charge recorded in 2014. No employee count disclosed. Program covers plants retiring in 2015 including Kammer, Muskingum River, Picway, Clinch River Unit 3, Glen Lyn, Kanawha River, Sporn, Tanners Creek, and Big Sandy Unit 2. | |||
| 2015-03-31 | plant_closure | announced | 2016-12-31 | United States | Generation (Northeastern Station Unit 4, Welsh Plant Unit 2) | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Two additional plants scheduled for retirement in 2016: PSO Northeastern Station Unit 4 (470 MW) and SWEPCo Welsh Plant Unit 2 (528 MW). No employee counts or severance amounts disclosed for these. | ||||
| 2015-03-31 | restructuring | in_progress | Generation | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Liability balance as of March 31, 2015 for involuntary severances related to plant closures. Employee count not disclosed. | |||||
| 2013-12-31 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Generation & Marketing (43%), Transmission & Distribution (36%), Vertically Integrated Utilities (18%) | USD 16 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | FY2013 activity: $16M incurred, $31M settled, $9M adjustments; $1M balance at year-end. Program initiated April 2012 with $47M charge in 2012; completed Q1 2013. Employee headcount affected not disclosed. | ||
| 2013-12-31 | divestiture_reduction | completed | 2013-12-31 | 2013-12-31 | United States | Transmission & Distribution Utilities (OPCo) | other f5-10k / MiMo-V2.6-Flash-fp8-HTML | OPCo transferred all generation assets and related liabilities at net book value to AGR effective December 31, 2013 as part of Ohio corporate separation. AGR had 929 employees at year-end. Employee count transferred not disclosed. | |||
| 2013-09-30 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Primarily Utility Operations (approximately 95% of expense) | USD 47 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated April 2012; involuntary severances completed by end of Q1 2013. Severance provides two weeks base pay per year of service. $47M charge recorded in 2012. 2013 YTD activity: $16M incurred, $30M settled, $9M adjustments, $2M balance at 9/30/13. Number of employees affected not disclosed. | ||
| 2013-09-30 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Corporate and Subsidiaries | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Process initiated in April 2012 to identify strategic repositioning opportunities. Completed by end of Q1 2013. $16M incurred in Q3 2013 YTD period related to severance benefits. | ||
| 2013-06-30 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Primarily Utility Operations (approximately 94% of expense) | USD 47 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program initiated April 2012; involuntary severances completed by end of Q1 2013. Severance = 2 weeks base pay per year of service. $47M total charge recorded in 2012. During H1 2013, $16M incurred, $29M settled, $6M remaining balance at 6/30/13. No employee count disclosed. | ||
| 2013-06-30 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Corporate and Utility Operations | USD 47 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Process resulted in involuntary severances completed by end of Q1 2013. $47M charge recorded in 2012. Remaining liability of $6M as of June 30, 2013. | ||
| 2013-03-31 | restructuring | completed | 2012-04-01 | 2013-03-31 | United States | Primarily Utility Operations (approximately 94% of expense) | USD 16 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Involuntary severance program initiated April 2012, completed by end of Q1 2013. Q1 2013 charge of $16M incurred; $19M settled; $7M adjustments; $15M remaining liability at quarter-end. Total 2012 charge was $47M. No employee count disclosed. Company states no additional costs expected. | ||
| 2013-03-31 | restructuring | completed | 2012-04-01 | 2013-03-31 | System-wide | Various | USD 16 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Process completed by end of Q1 2013; $16M incurred in Q1 2013 related to severance benefits. | ||
| 2012-12-31 | restructuring | in_progress | 2012-04-01 | 2013-03-31 | United States | Primarily Utility Operations (~95% of expense) | USD 47 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Involuntary severance program; $47M pretax ($30M after tax). Number of employees affected not disclosed. Final phase expected to complete by end of Q1 2013. | ||
| 2012-12-31 | restructuring | in_progress | 2012-04-01 | 2013-03-31 | System-wide | Various | USD 47 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Initiated in April 2012 to identify strategic repositioning opportunities. Charge of $47 million recorded primarily for severance benefits. Expected completion by end of Q1 2013. | ||
| 2012-09-30 | restructuring | in_progress | 2012-04-01 | 2013-03-31 | United States | Primarily Utility Operations (approximately 94% of expense) | USD 14 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Involuntary severance program initiated April 2012; $12M settled, $2M remaining at 9/30/12. No employee count disclosed. Severance provides two weeks base pay per year of service. | ||
| 2012-09-30 | restructuring | in_progress | 2012-04-01 | 2013-03-31 | System-wide | Various | USD 14 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in April 2012 to identify employee repositioning opportunities. Expected to be completed in early 2013. $14 million incurred, $12 million settled, $2 million remaining balance as of Sept 30, 2012. Employee count not disclosed. | ||
| 2012-06-30 | restructuring | in_progress | 170 | 2012-04-01 | 2012-12-31 | United States | Primarily Utility Operations (approximately 94% of expense) | USD 13 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | First phase eliminated approximately 170 positions; $8M remaining balance at 6/30/12. Second phase with consulting firms expected complete by end of 2012 with additional cost reductions. Severance: two weeks base pay per year of service. | |
| 2012-06-30 | restructuring | in_progress | 170 | 2012-04-01 | 2012-12-31 | AEP System | Various | USD 13 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiated in April 2012 to identify employee repositioning opportunities; first phase eliminated approx. 170 positions with $13M charge. Second phase expected to complete by end of 2012. | |
| 2012-03-31 | restructuring | announced | 2012-04-01 | 2012-12-31 | United States | Enterprise-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Announced April 2012 (post-quarter). Process to identify employee repositioning and efficiencies resulting in redeployment and involuntary severances; no headcount or charge quantified. | |||
| 2012-03-31 | acquisition_addition | completed | 2012-03-01 | 2012-03-31 | United States | Generation and Marketing | USD 70 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Acquisition of BlueStar Energy Holdings for $70M; approximately 23,000 customer accounts but no employee headcount disclosed. | ||
| 2012-03-31 | restructuring | in_progress | 2012-04-01 | 2012-12-31 | System-wide | Corporate and Operations | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Process initiated to identify employee repositioning opportunities and efficiencies resulting in redeployment and involuntary severances. | |||
| 2011-12-31 | restructuring | completed | 2,461 | 2010-04-01 | 2010-05-31 | AEP System | Various | USD 293 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Initiatives began in April 2010 to decrease labor and non-labor expenses. Most affected employees terminated employment May 31, 2010. Charge recorded in 2010 primarily related to severance benefits. | |
| 2011-09-30 | restructuring | completed | 2,461 | 2010-04-01 | 2010-05-31 | AEP System | Various | USD 293 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in April 2010. 2,461 positions eliminated. Most terminated by May 31, 2010. $293 million charge recorded in Q2 2010. Remaining accrual of $4 million as of Sept 30, 2011. | |
| 2011-06-30 | restructuring | completed | 2,461 | 2010-04-01 | 2010-05-31 | AEP System | Various | USD 293 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in April 2010. 2,461 positions eliminated. Most terminated May 31, 2010. $293 million charge recorded in Q2 2010. Remaining accrual of $6 million as of June 30, 2011. | |
| 2011-03-31 | restructuring | completed | 2,461 | 2010-04-01 | 2010-05-31 | AEP System | Various | USD 293 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in April 2010. Most affected employees terminated employment May 31, 2010. Charge recorded in 2010 primarily related to severance benefits. | |
| 2010-12-31 | restructuring | completed | 2,461 | 2010-04-01 | 2010-05-31 | United States | AEP System — all segments (primarily Utility Operations) | USD 293 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Program aimed at reducing workforce by 11.5% and cutting O&M spending; 2,461 positions eliminated, most employees terminated May 31, 2010. Severance of two weeks base pay per year of service. Approximately 99% of expense in Utility Operations segment. Remaining balance at Dec 31, 2010 was $17 million. | |
| 2010-12-31 | restructuring | completed | 2,461 | 11.5% | 2010-04-01 | 2010-05-31 | AEP System | Various | USD 293 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Initiatives began in April 2010 to reduce workforce by 11.5%. Most affected employees terminated employment May 31, 2010. Pretax expense of $293 million recorded in 2010. |
| 2010-09-30 | restructuring | completed | 2,461 | 2010-04 | 2010-05-31 | United States | AEP System (all segments) | USD 293 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | 2,461 positions eliminated via process improvements and organizational redesign; most employees terminated 2010-05-31. Charge of $293M incurred, $265M settled, $25M remaining at 2010-09-30. Approximately 99% of expense was within Utility Operations segment. Severance: two weeks base pay per year of service. | |
| 2010-09-30 | restructuring | completed | 2,461 | 2010-04-01 | 2010-05-31 | AEP System | Utility Operations | USD 293 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiatives to decrease labor and non-labor expenses. Most affected employees terminated employment May 31, 2010. Charge primarily related to headcount reduction. | |
| 2010-06-30 | restructuring | in_progress | 2,450 | 11.5% | 2010-04 | United States | Utility Operations | USD 293 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 2,450 positions eliminated; most employees terminated May 31, 2010. Severance: two weeks base pay per year of service. ~99% of expense in Utility Operations. $289M remaining balance at June 30, 2010. MD&A states workforce reduced by 11.5%. | |
| 2010-06-30 | restructuring | in_progress | 2,450 | 11.5% | 2010-04-01 | System-wide | Various | USD 293 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Initiatives to reduce workforce by 11.5% and reduce O&M spending. 2,450 positions eliminated. Most terminated May 31, 2010. $293M expense recorded in Q2 2010. | |
| 2010-03-31 | voluntary_separation | announced | 2,000 | 2010-04-01 | 2010-05-31 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | One-time voluntary severance program offering two weeks of base pay per year of service; more than 2,000 employees anticipated to accept. A charge to expense expected in Q2 2010; amount not yet quantified. A second initiative may lead to involuntary separations with the same severance package. | ||
| 2010-03-31 | restructuring | announced | 2010-04-01 | United States | Company-wide | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Simultaneous initiative across all business units to identify process improvements, streamline organizational designs, and reduce O&M spending. May result in involuntary separations. Charge to expense expected in Q2 2010; impact on net income, cash flows, and financial condition not yet predictable. | ||||
| 2010-03-31 | voluntary_separation | announced | 2,000 | 2010-04-01 | 2010-05-31 | Company-wide | All business units and departments | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | One-time voluntary severance program announced in April 2010. Participating employees receive two weeks of base pay for every year of service. More than 2,000 employees expected to accept. Charge to expense expected in Q2 2010. | ||
| 2007-12-31 | restructuring | completed | 500 | 2005-01-01 | 2006-06-30 | United States | Company-wide | USD 28 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 positions identified for elimination in 2005; $28M pretax severance expense recorded in 2005, ~95% within Utility Operations. Accrual fully settled by June 30, 2006. No 2007 restructuring activity disclosed. | |
| 2007-12-31 | restructuring | completed | 500 | 2005 | 2006-06-30 | System-wide | Various | USD 28 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Positions eliminated in 2005; accrual eliminated as of June 30, 2006. | |
| 2006-12-31 | restructuring | completed | 500 | 2005-01-01 | 2006-06-30 | United States | Company-wide | USD 28 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 positions identified for elimination in 2005 review; $28M pretax severance expense recorded in 2005 (primarily in Other O&M); accrual fully settled by June 30, 2006. Approximately 95% of expense within Utility Operations segment. Includes ~$19.2M allocated from AEPSC employees. | |
| 2006-12-31 | restructuring | completed | 500 | 2005 | 2006-06-30 | System-wide | Various | USD 28 (millions) | Note 7. Company-Wide Staffing and Budget Review f5-10k / Qwen3.6-27B-Q8_0 | 2005 company-wide staffing and budget review identified approx. 500 positions for elimination. Accrual eliminated as of June 30, 2006. | |
| 2006-09-30 | restructuring | completed | 500 | 2005-06-30 | 2006-06-30 | System-wide | Various | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Identified approximately 500 positions for elimination in Q2 2005. Pretax severance benefits expense of $24 million and $4 million recorded in Q2 and Q3 2005, respectively. Accrual settled by June 30, 2006. | |
| 2006-06-30 | restructuring | completed | 500 | 2005-04-01 | 2006-06-30 | System-wide | Various | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in Q2 2005. Accrual of $12M at Dec 31, 2005 was fully settled by June 30, 2006 via payments and adjustments. | |
| 2006-03-31 | restructuring | in_progress | 500 | 2005-04-01 | 2006-06-30 | United States | Company-wide | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Program identified ~500 positions for elimination in Q2 2005; $28M pretax severance recorded in 2005. Remaining accrual at 2006-03-31 was $2M after $8M payments and $2M adjustments in Q1 2006. Settlement expected by end of Q2 2006. | |
| 2006-03-31 | restructuring | in_progress | 500 | 2005-04-01 | 2006-06-30 | United States | Corporate / All Segments | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Initiated in Q2 2005. $28M pretax expense recorded in 2005. $8M paid in Q1 2006. Remaining accrual of $2M expected to settle by end of Q2 2006. | |
| 2005-12-31 | restructuring | in_progress | 500 | 2005-01-01 | 2006-06-30 | United States | Company-wide | USD 28 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 positions identified for elimination; $28M pretax severance expense recorded in 2005, $16M paid, $12M remaining accrual at year-end. Approximately 95% of expense within Utility Operations segment. Remaining accrual expected settled by end of Q2 2006. | |
| 2005-12-31 | acquisition_addition | completed | 2005-09-01 | 2005-09-30 | Ohio, United States | Utility Operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | CSPCo acquired an 821 MW plant for $218 million; no headcount added disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-12-01 | 2005-12-31 | Ohio, United States | Utility Operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | CSPCo acquired Ohio service territory with approximately 29,000 customers; no headcount added disclosed. | |||
| 2005-12-31 | acquisition_addition | completed | 2005-12-01 | 2005-12-31 | West Virginia, United States | Utility Operations | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | APCo acquired a 505 MW plant for $100 million; no headcount added disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-01-01 | 2005-01-31 | Texas, United States | Investments - Gas Operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold 98% controlling interest in HPL for approximately $1 billion; no headcount removed disclosed. | |||
| 2005-12-31 | divestiture_reduction | completed | 2005-05-01 | 2005-05-31 | Texas, United States | Utility Operations | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | TCC sold its 25.2% share of STP nuclear plant for approximately $314 million; no headcount removed disclosed. | |||
| 2005-12-31 | restructuring | completed | 500 | 2005 | 2006-06-30 | System-wide | Corporate and Shared Services | USD 28 (millions) | restructuring_footnote f5-10k / Qwen3.6-27B-Q8_0 | Approximately 500 positions identified for elimination. Pretax severance benefits expense of $28 million recorded. Remaining accrual of $12 million expected to be settled by end of Q2 2006. | |
| 2005-12-31 | acquisition_addition | completed | 2005-12-31 | 2005-12-31 | Ohio | Columbus Southern Power Company | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquired electric utility operations of Monongahela Power Company in Ohio. Added approximately 29,000 customers. Employee count not explicitly disclosed for this acquisition. | |||
| 2005-09-30 | restructuring | in_progress | 500 | 2005-04-01 | United States | Company-wide | USD 28 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 500 positions identified for elimination. Severance expense of $24M recorded in Q2 2005 and $4M in Q3 2005, totaling $28M. $16M accrual remaining at 2005-09-30. | ||
| 2005-09-30 | restructuring | in_progress | 500 | 2005-06-30 | Company-wide | Various | USD 28 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Approximately 500 positions identified for elimination. Total pretax expense of $28 million recorded in 2005 ($24 million in Q2, $4 million in Q3). Remaining accrual of $16 million at Sept 30, 2005. | ||
| 2005-06-30 | restructuring | in_progress | 466 | United States | Company-wide | USD 24 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Severance expense recorded in Q2 2005; $21M accrual remaining at 2005-06-30. Expense allocated across registrant subsidiaries including AEPSC employees. | |||
| 2005-06-30 | restructuring | in_progress | 466 | 2005-06-30 | Company-wide | USD 24 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Positions identified for elimination via staffing and budget review; $24M pretax severance recorded in Q2 2005. | |||
| 2004-12-31 | restructuring | completed | 1,120 | 2002-Q4 | 2003-12-31 | Company-wide | Various | USD 75 (millions) | Note 9. Sustained Earnings Improvement Initiative f5-10k / Qwen3.6-27B-Q8_0 | Termination benefits expense of $75 million pretax recorded in Q4 2002 for 1,120 terminated employees. Remaining payments made in 2003. No additional expense recorded in 2004. | |
| 2003-09-30 | restructuring | in_progress | United Kingdom | UK Operations | USD 14 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Operation and maintenance expense increased by $14 million due to incentives, severance and corporate charges. | ||||
| 2003-06-30 | restructuring | completed | 1,120 | 2002-10-01 | 2003-06-30 | Company-wide | All segments | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination benefits expense of $75.4 million pre-tax recorded in Q4 2002 for 1,120 terminated employees. Substantially all payments made as of June 30, 2003. | |
| 2003-03-31 | restructuring | in_progress | 1,120 | 2002-10-01 | United States | Company-wide | USD 75 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | SEI initiative launched Q4 2002; $75.4M pre-tax termination benefits for 1,120 employees. $51.2M paid in Q1 2003; $14.7M accrual remaining at 3/31/03. No additional expense recorded in Q1 2003. | ||
| 2003-03-31 | restructuring | in_progress | 1,120 | 2002-10-01 | Company-wide | Various | USD 75 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Termination benefits expense of $75.4 million pre-tax recorded in Q4 2002 for 1,120 terminated employees. $51.2 million paid in Q1 2003. No additional expense recorded in Q1 2003. | ||
| 2002-12-31 | restructuring | completed | 1,120 | 2002-10-01 | 2002-12-31 | United States | Company-wide | USD 75 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax termination benefits expense recorded in Q4 2002; $9.5M paid in Q4 2002 with $65.9M accrued at year-end. Includes 731 AEP Service Corporation employees with ~$48M allocated across subsidiaries. | |
| 2002-12-31 | divestiture_reduction | completed | 2002-06-18 | 2002-07-29 | United Kingdom | Electricity supply and distribution | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of SEEBOARD, a U.K. electricity supply and distribution company serving 2,000,000 customers. Headcount not disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-07-19 | 2002-08-30 | Australia | Retail electricity and gas supply and distribution | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of CitiPower, serving 240,000 customers. Headcount not disclosed. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-04-01 | 2002-12-23 | Texas, United States | Retail electric providers | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sale of Mutual Energy CPL L.P. and Mutual Energy WTU L.P. to Centrica. Headcount not disclosed. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-01-01 | 2002-01-31 | Norway and Sweden | Energy trading | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired trading operations and key staff of Enron's Norway and Sweden-based energy trading businesses for $2.2M. Headcount not disclosed. | |||
| 2002-12-31 | acquisition_addition | completed | 2002-01-01 | 2002-01-31 | United States | Emission monitoring equipment and services | business_combinations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Acquired 100% of United Sciences Testing, Inc. for $12.5M. Headcount not disclosed. | |||
| 2002-12-31 | restructuring | completed | 1,120 | 2002-10-01 | 2002-12-31 | United States | Company-wide | USD 75 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Pre-tax termination benefits; $9.5M paid to 312 employees and $65.9M accrued for 808 employees in Q4 2002. Not treated as a pension curtailment under SFAS 88. | |
| 2002-12-31 | plant_closure | completed | 180 | 2002-09-01 | 2002-12-31 | Texas (ERCOT) | Wholesale — generation | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Nine of sixteen gas-fired plants inactivated with ERCOT approval; employees at inactivated plants were eligible for severance and outplacement. Related asset write-downs: $38.1M expensed (TNC) and $95.6M deferred to regulatory assets (TCC). | ||
| 2002-12-31 | divestiture_reduction | completed | 2002-06-18 | 2002-07-29 | United Kingdom | Energy Delivery — electricity supply and distribution | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | SEEBOARD served 2,000,000 customers; headcount not disclosed. Net loss on disposal of $286M. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-07-19 | 2002-08-30 | Australia | Energy Delivery — retail electricity and gas | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | CitiPower served 240,000 customers; headcount not disclosed. Loss on sale of $149M. | |||
| 2002-12-31 | divestiture_reduction | completed | 2002-04-01 | 2002-12-23 | Texas (ERCOT) | Retail electric providers (MECPL, MEWTU) | discontinued_operations_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Sold to Centrica for $145.5M base price; AEP recorded $83.7M gain. Headcount not disclosed. | |||
| 2002-12-31 | other | in_progress | 2002-12-01 | 2003-12-31 | United States | Other — telecommunications (AEPC, C3, AFN) | USD 172 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Board approved ceasing operations in December 2002; estimated pre-tax impairment of $158.5M (AEPC/C3) plus $13.8M investment value loss (AFN). Headcount not disclosed. | ||
| 2002-12-31 | other | completed | 2002-10-01 | 2002-12-31 | Europe (Norway, Sweden) | Wholesale — energy trading | USD 5 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Exit from non-core European trading; acquired January 2002 and made available for sale in October 2002. Headcount not disclosed. | ||
| 2002-12-31 | restructuring | completed | 1,120 | 2002-Q4 | 2002-12-31 | Company-wide | Various | USD 75 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Termination benefits expense relating to 1,120 terminated employees recorded in Q4 2002 as part of Sustained Earnings Improvement initiative. | |
| 2002-09-30 | plant_closure | in_progress | 183 | 2002-09 | 2002-11 | Texas (ERCOT control area) | Generation — gas-fired power plants (8 WTU plants, 8 CPL plants proposed; 9 approved for inactivation) | USD 134 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Approximately 183 employees at the 9 plants approved for inactivation eligible for severance. Associated charge reflects asset write-downs: $34M WTU (expensed) and $100M CPL (deferred to regulatory assets). Severance arrangements to be finalized in Q4 2002. Seven plants designated reliability-must-run and continue operating. | |
| 2002-09-30 | restructuring | announced | 2002-10 | United States | Wholesale — energy trading and marketing operations | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | AEP announced plans to reduce exposure to speculative energy trading markets and downsize trading and wholesale marketing operations; future operations limited to risk management around assets. No employee count or charge disclosed. | ||||
| 2002-09-30 | reduction_in_force | completed | 2002-10-09 | 2002-10-09 | United States | Natural gas marketing and trading | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | AEP dismissed several employees after determining they provided inaccurate price information for use in trade publication gas price indices. No specific count disclosed. | |||
| 2002-09-30 | plant_closure | in_progress | 183 | 2002-09-30 | 2002-12-31 | Texas (ERCOT) | Generation | USD 134 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Inactivation of 9 gas-fired plants (5 WTU, 4 CPL). WTU recorded $34M impairment; CPL deferred $100M to Regulatory Assets. Severance expected to be finalized in Q4 2002. | |
| 2002-03-31 | acquisition_addition | completed | 34 | 2002-01-31 | Norway and Sweden | Wholesale — Energy Marketing and Trading | USD 2 (millions) | business_combinations_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | AEP acquired Enron's Norway and Sweden energy trading operations for $2 million, including 34 key staff. Purchase price allocation preliminary; excess of cost over fair value of net assets approximately $2 million recorded as goodwill. | ||
| 2002-03-31 | acquisition_addition | completed | 34 | 2002-01-01 | Norway and Sweden | Energy Trading | USD 2 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquired existing trading operations including 34 key staff of Enron's Norway and Sweden-based energy trading businesses. | ||
| 2001-12-31 | acquisition_addition | completed | 800 | 2001-10-01 | United States | Coal Mining | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquired substantially all assets of Quaker Coal Company in October 2001; continued to operate mines with approximately 800 employees. | |||
| 2001-12-31 | acquisition_addition | completed | 2001-11-01 | United States | Transportation | Item_1_Business f5-10k / Qwen3.6-27B-Q8_0 | Acquired MEMCO Barge Line Inc. in November 2001. Employee count not explicitly disclosed in text. | ||||
| 2001-12-31 | acquisition_addition | completed | 57 | 2001-12-01 | United Kingdom | Trading | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Hired 57 employees from Enron's London based international coal trading group in December 2001. | |||
| 2001-09-30 | acquisition_addition | completed | 800 | 2001-10-01 | United States (Colorado, Kentucky, Ohio, Pennsylvania, West Virginia) | Coal mining operations | USD 101 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Subsequent event; AEP paid $101M to creditors and assumed ~$45M liabilities. Filer states facilities employ over 800 individuals. | ||
| 2001-09-30 | acquisition_addition | completed | 450 | 2001-11-01 | United States | Barge line / inland waterway transportation | USD 270 (millions) | other f5-10q / MiMo-V2.6-Flash-fp8-HTML | Subsequent event; $270M acquisition adding 1,200 hopper barges and 30 towboats. Filer states 450 employees will continue to operate the barge line. | ||
| 2001-09-30 | restructuring | in_progress | United States | Corporate | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Filer references accruals for severance related to corporate restructuring but discloses no employee count or charge amount. | |||||
| 2001-09-30 | restructuring | in_progress | United States (Virginia, West Virginia, Ohio) | Energy delivery | MD&A f5-10q / MiMo-V2.6-Flash-fp8-HTML | Energy delivery severance accruals referenced in APCo and CSPCo MD&A; no employee counts or charge amounts disclosed. | |||||
| 2001-09-30 | restructuring | in_progress | Ohio | Corporate / Energy Delivery | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Accruals for severance related to corporate restructuring and energy delivery severance accruals noted in maintenance and other operation expenses. Specific headcount not disclosed. | |||||
| 2001-09-30 | acquisition_addition | completed | 450 | 2001-06-01 | United States | Gas Pipeline | USD 727 (millions) | business_combinations_footnote f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of Houston Pipe Line Company and Lodisco LLC. 450 employees will continue to operate the barge line. | ||
| 2001-09-30 | acquisition_addition | announced | 800 | 2001-10-01 | Colorado, Kentucky, Ohio, Pennsylvania, West Virginia | Coal Mining | USD 101 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of substantially all assets of Quaker Coal Company. Facilities employ over 800 individuals. Transaction occurred in October 2001 (subsequent to quarter end). | ||
| 2001-09-30 | acquisition_addition | announced | 450 | 2001-11-01 | United States | Barge Line | USD 270 (millions) | subsequent_events f5-10q / Qwen3.6-27B-Q8_0 | Acquisition of MEMCO Barge Line. 450 employees will continue to operate the barge line. Transaction occurred in November 2001 (subsequent to quarter end). | ||
| 2000-12-31 | acquisition_addition | completed | 1997-12-21 | 2000-06-15 | United States | Electric utility operations (CPL, PSO, SWEPCo, WTU) and other CSW subsidiaries | Item_1_Business f5-10k / MiMo-V2.6-Flash-fp8-HTML | Merger of Central and South West Corporation into AEP completed June 15, 2000. Employee counts of acquired subsidiaries (CPL 1,444; PSO 1,005; SWEPCo 1,243; WTU 718) are included in the 26,376 total as of December 31, 2000. Filing does not separately quantify employees added through the merger. | |||
| 2000-12-31 | restructuring | completed | 450 | 1998-10-01 | 2000-03-31 | AEP System | Power Generation and Energy Delivery | USD 26 (millions) | other f5-10k / Qwen3.6-27B-Q8_0 | Study completed Oct 1998 called for elimination of approx 450 positions. Reductions made in Q1 1999. Provision of $26M recorded in Dec 1998. | |
| 2000-12-31 | restructuring | completed | 65 | 1998-12-31 | 2000-03-31 | AEP System | Energy Delivery | USD 26 (millions) | other f5-10k / Qwen3.6-27B-Q8_0 | Review of energy delivery staffing identified 65 positions for elimination. Included in the $26M provision recorded in Dec 1998. Reductions made in Q1 1999. | |
| 1999-12-31 | restructuring | completed | 515 | 1998-10-31 | 1999-03-31 | United States | Power Generation and Energy Delivery | USD 26 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Provision recorded December 1998; actual reductions executed Q1 1999. Approximately 450 power generation positions and 65 energy delivery positions eliminated. | |
| 1999-12-31 | restructuring | completed | 515 | 1998-10-01 | 1999-03-31 | United States | Power Generation and Energy Delivery | USD 26 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of 450 power generation positions and 65 energy delivery positions. Reductions made in Q1 1999. | |
| 1999-09-30 | restructuring | in_progress | System-wide | Various | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Multiple subsidiaries report 'cost savings from staff reductions' and 'staffing reductions' in operating expenses. No specific headcount or severance charge amounts are disclosed for these reductions in the 10-Q. | |||||
| 1999-09-30 | plant_closure | completed | 1999-10 | 1999-10 | Ohio | Mining | Notes to Consolidated Financial Statements f5-10q / Qwen3.6-27B-Q8_0 | Ohio Power Company closed the Muskingum coal mine in October 1999. No employee count disclosed. | |||
| 1999-09-30 | plant_closure | announced | 1999-07 | 2000-04-30 | Ohio | Mining | USD 48 (millions) | Notes to Consolidated Financial Statements f5-10q / Qwen3.6-27B-Q8_0 | Ohio Power Company announced acceleration of Windsor coal mine closure to April 30, 2000. Liability estimated at $48.4 million. No employee count disclosed. | ||
| 1999-03-31 | other | completed | 1999-04-26 | Indiana | Corporate / Union Relations | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Settlement reached with IBEW local unions; AEP and CSW will not terminate any current IBEW employee as a result of the merger. | ||||
| 1999-03-31 | other | completed | 1999-01-01 | Virginia | Corporate | MD&A f5-10q / Qwen3.6-27B-Q8_0 | New law enacted to restructure electric utility industry; transition to choice of supplier commences Jan 1, 2002. | ||||
| 1998-12-31 | restructuring | in_progress | 450 | 1998-10-31 | 1999-02-28 | United States | Power Generation | USD 26 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance accrual of $25.5M recorded December 1998 covers both power generation (450 positions) and energy delivery (65 positions) reductions. Power generation terminations occurred February 1999. | |
| 1998-12-31 | restructuring | in_progress | 65 | 1998-12-31 | 1999-01-31 | United States | Energy Delivery | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Part of the $25.5M combined severance accrual. Employment terminated for 65 energy delivery employees in January 1999. | ||
| 1998-12-31 | plant_closure | announced | 200 | 1998-12-31 | 1999-10-31 | United States | Coal Mining — Muskingum Mine | USD 4 (millions) | restructuring_footnote f5-10k / MiMo-V2.6-Flash-fp8-HTML | Muskingum mine closure scheduled October 1999. Total mine closing liability of $44.6M includes $4.1M severance for approximately 200 employees. Driven partly by Clean Air Act Phase II compliance. | |
| 1998-12-31 | restructuring | completed | 515 | 1998-10-01 | 1999-02-28 | United States | Power Generation and Energy Delivery | USD 26 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Elimination of 450 power generation positions and 65 energy delivery positions. Severance accruals recorded in Dec 1998. Terminations occurred in Jan-Feb 1999. | |
| 1996-12-31 | restructuring | completed | 1995-12-31 | 1995-12-31 | System-wide | Operations and Management | USD 41 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Charge recorded in 1995 related to functional realignment of operations and management. No specific employee count disclosed for this action in the 1996 filing. | ||
| 1996-09-30 | restructuring | completed | USD 27 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Provision for severance pay recorded in 1995; impact noted in 1996 comparison. | ||||||
| 1996-09-30 | restructuring | completed | Ohio Power Company | USD 11 (millions) | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Provision for severance pay recorded in 1995; impact noted in 1996 comparison. | |||||
| 1996-06-30 | restructuring | completed | Ohio | Power Plants | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Staffing reduction at power plants in Q4 1995 as part of AEP restructuring program to functionally realign operations. | |||||
| 1996-06-30 | restructuring | completed | System-wide | Nuclear Plant | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Reductions in the number of employees performing maintenance on the Company's nuclear plant. | |||||
| 1996-03-31 | restructuring | completed | Ohio | Power Plants | MD&A f5-10q / Qwen3.6-27B-Q8_0 | Staffing reduction at power plants in Q4 1995 as part of AEP restructuring program to functionally realign operations. | |||||
| 1995-12-31 | restructuring | completed | United States | Functional realignment of operations | USD 41 (millions) | MD&A f5-10k / MiMo-V2.6-Flash-fp8-HTML | Severance provision of $41 million ($27 million after-tax) recorded in 1995 related mainly to a functional realignment of operations into four business units effective January 1, 1996. Number of employees affected not disclosed. | ||||
| 1995-12-31 | restructuring | completed | 1995-12-31 | 1995-12-31 | System-wide | Functional realignment of operations | USD 41 (millions) | MD&A f5-10k / Qwen3.6-27B-Q8_0 | Provision for severance pay recorded in 1995 related mainly to a functional realignment of operations. After-tax expense was $27 million. | ||
| 1995-09-30 | restructuring | in_progress | 360 | 1995-09-30 | United States | Power plants | USD 11 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Provision recorded in Q3 1995; $7.2 million after-tax. Part of AEP restructuring program; announcement date reflects quarter of recording, no specific date disclosed. | ||
| 1995-09-30 | restructuring | in_progress | 200 | 1995-09-30 | United States | Power plants | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Provision recorded in Q3 1995; $3.7 million after-tax. Includes Rockport Plant amounts (operated by I&M but jointly owned/leased with an affiliate); half of Rockport amounts will be billed to the affiliate. | ||
| 1995-09-30 | restructuring | in_progress | 160 | 1995-09-30 | United States | Power plants | USD 6 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Provision recorded in Q3 1995; $3.7 million after-tax. | ||
| 1995-09-30 | restructuring | in_progress | 90 | 1995-09-30 | United States | Power plants | USD 3 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Provision recorded in Q3 1995; $2.1 million after-tax. | ||
| 1995-09-30 | restructuring | in_progress | 35 | 1995-09-30 | United States | Power plants (Big Sandy Power Plant and share of affiliated generating plant) | USD 2 (millions) | restructuring_footnote f5-10q / MiMo-V2.6-Flash-fp8-HTML | Provision recorded in Q3 1995; $1.1 million after-tax. Includes the Company's share of planned reductions at an affiliate's plant under a unit power agreement. AEP consolidated Note 3 discloses approximately 900 positions in total across the program; subsidiary-level disclosures sum to 845 positions. | ||
| 1995-09-30 | restructuring | in_progress | 900 | 1995-09-30 | Power plants | USD 27 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | AEP consolidated restructuring program to functionally realign operations in preparation for increased competition. | |||
| 1995-09-30 | restructuring | in_progress | 160 | 1995-09-30 | Power plants | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of AEP restructuring program. | |||
| 1995-09-30 | restructuring | in_progress | 90 | 1995-09-30 | Power plants | USD 3 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of AEP restructuring program. | |||
| 1995-09-30 | restructuring | in_progress | 200 | 1995-09-30 | Power plants | USD 6 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Includes amounts for Rockport Plant; half billed to affiliate. | |||
| 1995-09-30 | restructuring | in_progress | 35 | 1995-09-30 | Power plants | USD 2 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Big Sandy Power Plant and share of affiliated plant reductions. | |||
| 1995-09-30 | restructuring | in_progress | 360 | 1995-09-30 | Power plants | USD 11 (millions) | restructuring_footnote f5-10q / Qwen3.6-27B-Q8_0 | Part of AEP restructuring program. |