American Electric Power (AEP)

Company ID: 90 | CIK: 0000004904
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

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Operational KPIs

Natural Gas Storage (capacity)

Total plant and property additions (capital_expenditures)

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Barging volume (cargo_tonnage)

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Retail customer accounts (customers)

Retail customers served (customers_served)

CO2 emissions (emissions_co2)

Railcars (fleet_size)

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Natural gas consumed (gas_production)

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International generation capacity (generation_capacity)

Energy Sales (generation_volume)

Employees (headcount)

Coal Inventory (inventory_units)

AEGCo NOx Compliance Cost (other)

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AEP Credit Receivables Commitment (other)

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AEP Credit Receivables Outstanding (other)

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AEP Total FERC Refund Provision (other)

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APCo Enron Provision (other)

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APCo Fuel Rate Increase Request (other)

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APCo NOx Compliance Cost (other)

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APCo Net Fair Value of Energy Trading Contracts (other)

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Annual amortization of restart costs (other)

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Approved revenue requirement increase (other)

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Ash ponds (other)

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Available Liquidity (other)

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Available liquidity (other)

Average Coal Price (other)

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Average coal price (other)

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Average shares outstanding (other)

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Average spot coal price (other)

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Bammel Cushion Gas Volume (other)

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Bank Facilities Available (other)

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Bank Facility Borrowed (other)

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Bridge Loan Facility (other)

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Budgeted capital expenditures (other)

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Budgeted construction expenditures (other)

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COLI disallowance impact (other)

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COLI interest deduction impact (other)

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CPL Distribution Rate Reduction (other)

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CPL FERC Refund Provision (other)

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CPL NOx Compliance Cost (other)

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CPL Net Fair Value of Energy Trading Contracts (other)

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CPL Stranded Costs Securitization (other)

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CPL TCRF Increase Request (other)

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CPL Tendered Bonds (other)

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CPL Transition Notes Issued (other)

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CPL additional stranded costs filing (other)

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CPL fuel factor increase (other)

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CPL fuel surcharge (other)

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CPL net regulatory assets for securitization (other)

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CPL securitization bonds authorized (other)

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CSPCo Enron Provision (other)

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CSPCo NOx Compliance Cost (other)

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CSPCo Net Fair Value of Energy Trading Contracts (other)

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Caddis Preferred Member Interest (other)

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Capital expenditure forecast (other)

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Capital expenditures (other)

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Capital expenditures forecast (other)

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Capitalization (other)

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Cash Liquidity Reserve (other)

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Cash and cash equivalents (other)

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Cash dividends per share (other)

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Cash flow hedge losses expected to reclassify (other)

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Cash liquidity reserve (other)

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Change in Market Value of Contracts (other)

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CitiPower Debt Assumed (other)

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CitiPower Expected Cash Proceeds (other)

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Coal inventory (other)

Coal inventory days (other)

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Coal needs committed (other)

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Coal-fired generation retirement notices (other)

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Commercial Paper Outstanding (other)

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Commodity price VaR (other)

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Common Shares Outstanding (other)

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Common Stock Issued (other)

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Common equity ratio (other)

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Common shares outstanding (other)

Consecutive quarterly dividends (other)

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Consecutive quarters of dividends (other)

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Construction Work in Progress (other)

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Construction expenditures (other)

Construction expenditures forecast (other)

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Construction work in progress (other)

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Contractually-defined debt-to-capital (other)

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Cook Nuclear Plant restart costs (other)

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Cook Nuclear Plant restart costs incurred (other)

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Cook Nuclear restart costs (other)

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Cook Plant Incremental Restart Cost (other)

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Cook Plant Incremental Restart Cost Incurred (other)

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Cook Plant Regulatory Asset (other)

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Cook Plant Restart Expenditure (other)

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Cook Plant Steam Generator Replacement Spend (other)

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Cook Plant restart cost (other)

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Cook fuel cost regulatory asset (other)

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Cook fuel recovery regulatory asset (other)

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Cook restart costs spent (other)

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Cook restart expenditures (other)

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Cook restart total estimate (other)

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Cooling Degree Days (other)

Cooling degree days (other)

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Counterparty Below Investment Grade Exposure (other)

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Counterparty credit exposure (other)

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Credit exposure net of collateral (other)

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Debt to total capital (other)

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Debt to total capital ratio (other)

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Debt to total capitalization (other)

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Debt-to-total capital (other)

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Debt-to-total capital ratio (other)

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Debt-to-total capitalization (other)

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Decommissioning trust fund balance (other)

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Deferred ENEC recovery balance (other)

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Deferred capacity costs balance (other)

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Deferred fuel costs (other)

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Deferred fuel regulatory assets (other)

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Deferred merger costs (other)

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Deferred restart costs (other)

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Degree days (other)

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Earnings at Risk (other)

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Earnings per share (other)

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East zone peak system demand (other)

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Eastern Region Cooling Degree Days (other)

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Eastern Region Heating Degree Days (other)

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Electricity sales volume (other)

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Energy Efficiency Reduction (other)

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Energy Marketing Contracts Notional Value (Outside Traditional Area) (other)

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Energy Marketing Contracts Notional Value (Traditional Area) (other)

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Energy marketing contracts (other)

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Energy sales change (other)

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Energy sales growth (other)

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Energy sales volume (other)

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Energy trading VaR (other)

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Enron Bankruptcy Provision (other)

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Environmental capital expenditures (other)

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Environmental expenditures (other)

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Environmental investments (other)

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Equity Units Issued (other)

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Estimated NOx Compliance Capital Expenditure (other)

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Estimated NOx Compliance Costs (other)

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Estimated Plant Output Hedged (other)

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Estimated storm restoration costs (other)

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European Trading Acquisition Cost (other)

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Fair Value of New Open Contracts (other)

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Foreign investment impairment exposure (other)

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Fuel cost regulatory asset (other)

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Fuel mix (other)

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Fuel mix share (other)

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Fuel mix share of generation (other)

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Gas Pipeline Miles (other)

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Gas marketing and trading volume change (other)

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Gas trading volume growth (other)

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Generation Plant Hedging (other)

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Generation fuel mix (other)

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Generation growth (other)

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Goodwill Transitional Impairment Loss (other)

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Gross margin lost to CRES providers (other)

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Heating Degree Days (other)

Heating degree days (other)

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High-voltage interconnections (other)

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I&M Enron Provision (other)

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I&M NOx Compliance Cost (other)

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I&M Net Fair Value of Energy Trading Contracts (other)

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IT Client Server Remediation Completion (other)

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IT Mainframe Remediation Completion (other)

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IT Systems Inventory Completion (other)

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Industrial KWH sales change (other)

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Industrial sales change (other)

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Industrial sales growth (other)

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Interest Rate VaR (other)

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Interest rate VaR (other)

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KPCo Enron Provision (other)

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KPCo NOx Compliance Cost (other)

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KPCo Net Fair Value of Energy Trading Contracts (other)

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KWH energy sales (other)

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KWh energy sales (other)

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Large load interconnection capacity (other)

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Margin Deposits (other)

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Margin deposits (other)

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Mark-to-Market Revenue Increase (YTD) (other)

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Market risk exposure (other)

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Marketing contract notional value - buy (other)

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Marketing contract notional value - sell (other)

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Maximum commercial paper (other)

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Member load ratio (other)

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Merger Deferred Costs (other)

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Merger costs deferred (other)

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NOLC regulatory assets (other)

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NOx Compliance Capital Expenditure Estimate (other)

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NOx compliance capex (other)

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NOx compliance capex estimate (other)

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NOx compliance capital expenditures (other)

NOx compliance capital expenditures spent (other)

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Natural Gas Pipelines (other)

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Net Fair Value of Energy Trading Contracts (other)

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Net Fair Value of Energy Trading Contracts (Prior Year) (other)

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Net Option Premium Payments (other)

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Net available liquidity (other)

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Net cash flows from operating activities (other)

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Net fair value of trading contracts (other)

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Non-IT Systems Inventory Completion (other)

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Non-IT Systems Remediation Completion (other)

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Nuclear Decommissioning Cost Estimate (other)

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Nuclear Decommissioning Trust (other)

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Nuclear units out of service (other)

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Number of Reportable Segments (other)

OPCo Enron Provision (other)

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OPCo NOx Compliance Cost (other)

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OPCo Net Fair Value of Energy Trading Contracts (other)

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Off-system sales volume change (other)

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Off-system sales volume forecast (other)

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Ohio Regulatory Assets (other)

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Ohio generation regulatory assets (other)

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Ohio load lost to CRES providers (other)

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Ohio load switched to CRES (other)

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Ohio regulatory assets (other)

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Open access transmission rate (other)

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PJM capacity auction price (other)

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PSO FERC Refund Provision (other)

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PSO Net Fair Value of Energy Trading Contracts (other)

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Peak Demand (other)

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Peak Demand Reduction (other)

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Peak System Demand (other)

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Peak internal demand (other)

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Peak internal system demand (other)

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Peak system demand (other)

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Pension accumulated benefit obligation (other)

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Pension plan assets (other)

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Pension plan funded status (other)

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Plant Output Hedged (other)

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Plant output hedged (other)

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Power Pool notional value (other)

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Preferred shares redeemed (other)

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Projected Ohio regulatory assets (other)

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REP Transfer Appraised Value Range High (other)

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REP Transfer Appraised Value Range Low (other)

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REP Transfer Up-Front Payment (other)

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Realized Gain from Settled Contracts (other)

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Registered shareholders (other)

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Regulatory Asset - Cook Plant Fuel Costs (other)

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Regulatory asset (other)

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Regulatory assets - Ohio (other)

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Regulatory assets - Virginia (other)

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Regulatory assets - West Virginia (other)

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Regulatory assets pending approval (other)

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Research and development expenditures (other)

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Residential energy demand growth (other)

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Residential energy sales volume change (other)

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Retail energy sales change (other)

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Retail energy sales growth (other)

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Retail energy sales volume change (other)

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Retail revenue by state (other)

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Retail revenue share by state (other)

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Retail sales growth (other)

Retail sales volume growth (other)

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Revolving credit agreement (other)

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SEEBOARD Assets Held for Sale (other)

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SEEBOARD Debt Assumed (other)

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SEEBOARD Liabilities Held for Sale (other)

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SEEBOARD Sale Proceeds (other)

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STP Ownership (other)

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SWEPCo FERC Refund Provision (other)

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SWEPCo NOx Compliance Cost (other)

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SWEPCo Net Fair Value of Energy Trading Contracts (other)

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Shareholders of record (other)

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Shares outstanding (other)

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Significant generation RFPs (other)

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State Transcos transmission assets in-service (other)

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Steam generator replacement (other)

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Steam generator replacement spend (other)

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Storm restoration costs (other)

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Sub investment grade credit exposure (other)

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Sub investment grade exposure (other)

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Telecommunications Investment (other)

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Telecommunications investment (other)

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Term Loan Facility (other)

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Termination benefits accrued (other)

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Total Counterparty Exposure (other)

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Total debt to total capital (other)

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Trading contract fair value - asset (other)

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Trading contract fair value - liability (other)

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Trading volume growth (other)

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Training Hours (other)

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Transmission Assets (other)

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Transmission Assets In-Service (other)

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Transmission Property Net (other)

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Transmission assets in service (other)

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Transmission investment (other)

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Transmission plant in service (other)

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Transmission property investment (other)

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Transmission property net (other)

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Turk Plant capitalized expenditures (other)

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Turk Plant construction commitments (other)

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Unrealized mark-to-market gains (other)

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VaR non-trading portfolio (other)

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Vale Investment (other)

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Vale Partner Principal Payment Due (other)

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Vale/Caiua FX Translation Losses (other)

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Vale/Caiua Operating Losses (other)

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Value at Risk (other)

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Value at Risk (Average) (other)

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Value at Risk (High) (other)

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Value at Risk (Low) (other)

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Variable rate sensitivity (other)

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Virginia Regulatory Assets (other)

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Virginia generation regulatory assets (other)

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WTU ERCOT Fuel Under-Recovery (other)

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WTU Eligible Fuel Expenses (other)

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WTU FERC Refund Provision (other)

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WTU Net Fair Value of Energy Trading Contracts (other)

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WTU SPP Fuel Under-Recovery (other)

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WTU TCRF Increase Request (other)

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WTU Tendered Bonds (other)

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Weather-normalized commercial sales growth (other)

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Weather-normalized industrial sales growth (other)

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Weather-normalized residential sales growth (other)

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Weather-normalized retail sales change (other)

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Weather-normalized retail sales growth (other)

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Weather-normalized retail sales volume change (other)

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Weather-normalized sales growth (other)

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West zone peak system demand (other)

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Western Region Cooling Degree Days (other)

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Western Region Heating Degree Days (other)

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Wholesale energy sales change (other)

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Wholesale energy sales growth (other)

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Wholesale sales volume growth (other)

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Winter storm fuel costs deferred (other)

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Wires charge (other)

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Workforce Diversity (other)

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Workforce diversity (other)

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Y2K Project Spend (other)

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Y2K Remediation Progress (other)

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Y2K project costs (other)

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Y2K remediation completion (other)

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Y2K remediation costs (other)

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Year 2000 Project Estimated Remaining Cost (other)

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Year 2000 Project Spend (other)

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Year 2000 compliance cost (other)

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Year 2000 readiness (other)

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Year 2000 remediation costs (other)

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Yorkshire Acquisition Consideration (other)

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Yorkshire Power Net Income (other)

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Yorkshire Power Operating Revenues (other)

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Yorkshire equity earnings (other)

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Natural Gas Consumed (production_volume)

OnSite Solar Capacity (renewable_capacity)

Fuel mix — hydro and other (renewable_energy_pct)

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Revenue, Remaining Performance Obligation, Amount (rpo)

Days Away, Restricted and Transferred rate (safety_incidents)

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Weather-normalized commercial sales growth (same_store_sales)

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Natural gas pipeline miles (transmission_miles)

Safety incidents (trir)

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Cook Plant availability factor (utilization_rate)

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Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

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Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

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Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2025-12-31voluntary_separationcompleted1,0002024-04-012024-07-31United StatesAll SegmentsUSD 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.
2025-09-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesCompany-wideUSD 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.
2025-09-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesAll SegmentsUSD 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.
2025-06-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesAll segmentsUSD 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.
2025-06-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesAll functionsUSD 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.
2025-06-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesCorporate and OperationsUSD 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.
2024-12-31voluntary_separationcompleted1,0006.1%2024-04-012024-07-31United StatesEnterprise-wideUSD 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.
2024-12-31voluntary_separationcompleted1,0002024-04-012024-07-31United StatesAll SegmentsUSD 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.
2024-09-30voluntary_separationin_progress1,0002024-04-01Company-wideUSD 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.
2024-09-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesEnterprise-wideUSD 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.
2024-09-30voluntary_separationcompleted1,0002024-04-012024-07-31United StatesCorporate and OtherUSD 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.
2024-06-30voluntary_separationin_progress1,0002024-04-012024-07-31United StatesCompany-wideUSD 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.
2024-06-30voluntary_separationin_progress1,0002024-04-302024-07-31United StatesEnterprise-wideUSD 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.
2024-06-30voluntary_separationin_progress1,0002024-04-012024-07-31United StatesCorporate and All SegmentsUSD 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.
2024-03-31voluntary_separationannounced2024-04-01United StatesCompany-wideMD&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.
2024-03-31voluntary_separationannounced7,40044.05%2024-04-30United StatesAllMD&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.
2024-03-31voluntary_separationannounced2024-04-01United StatesCorporate and OtherMD&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.
2022-12-31divestiture_reductionin_progress2021-10-26KentuckyVertically 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.
2022-12-31divestiture_reductionannounced2023-02-012023-06-30United StatesGeneration & 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.
2022-12-31divestiture_reductioncompleted2022-03-012022-09-30United StatesGeneration & 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.
2022-03-31divestiture_reductionin_progress2021-10-012022-06-30Kentucky, West VirginiaVertically 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.
2021-12-31divestiture_reductionannounced2021-10-012022-06-30KentuckyVertically 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.
2021-09-30otherin_progress2021-06-012021-11-01United StatesCorporate / All SegmentsMD&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.
2021-09-30divestiture_reductionannounced2021-10-012022-06-30KentuckyVertically Integrated Utilitiessubsequent_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.
2020-12-31voluntary_separationcompleted2002020-06-012020-08-01USD 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.
2020-12-31voluntary_separationcompleted2002020-06-012020-08-01United StatesVariousUSD 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.
2020-09-30voluntary_separationcompleted2002020-06-012020-08-01United StatesAEP System-wideUSD 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
2020-09-30voluntary_separationcompleted2002020-06-012020-08-01United StatesCorporate and OtherUSD 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.
2020-06-30voluntary_separationin_progress2002020-06-302020-08-01United StatesCorporate (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.
2020-06-30voluntary_separationannounced2002020-06-012020-08-01United StatesCorporate and OtherUSD 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.
2020-03-31plant_closureannounced2020-03-012020-06-30Louisiana, United StatesDolet Hills Lignite Company (DHLC) — lignite mining operations supporting SWEPCo's Dolet Hills Power StationUSD 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.
2020-03-31restructuringin_progress2020-03-312020-06-30ArkansasMiningMD&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.
2018-09-30restructuringin_progress2018-09-30United StatesGeneration & MarketingUSD 17 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Severance accruals related to announced merchant generation plant retirements (Oklaunion and Conesville).
2016-12-31divestiture_reductioncompleted3062016-09-012017-01-01OhioGeneration & MarketingItem 1. Business - AGR
f5-10k / Qwen3.6-27B-Q8_0
AGR sold three generating units in Jan 2017. Headcount reduced from 842 to 536.
2015-12-31plant_closurecompleted2015-05-31United States (OH, WV, VA, IN, KY)Vertically Integrated Utilities; Generation & MarketingItem_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.
2015-12-31divestiture_reductioncompleted2015-10-012015-11-30United StatesAEP 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.
2015-12-31restructuringin_progress2014-12-31United StatesVertically Integrated Utilities; Generation & MarketingUSD 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.
2015-12-31restructuringcompleted2012-04-012013-03-31United StatesMultiplerestructuring_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.
2015-09-30plant_closurecompleted2015-05-312015-05-31United StatesGeneration & Marketing; Vertically Integrated UtilitiesUSD 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.
2015-09-30divestiture_reductionannounced2015-10-012015-12-31United StatesAEP River Operationssubsequent_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.
2015-09-30divestiture_reductioncompleted2015-08-012015-08-31United StatesGeneration & Marketingother
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.
2015-09-30plant_closurecompleted2015-09-302015-09-30United StatesVertically 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.
2015-09-30restructuringin_progressSystem-wideGeneration & Marketing; Vertically Integrated UtilitiesUSD 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.
2015-06-30plant_closurecompleted2015-05-31United StatesVertically Integrated Utilities; Generation & Marketingrestructuring_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.
2015-06-30plant_closureannounced2016-12-31United StatesVertically Integrated UtilitiesMD&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.
2015-06-30otherannounced2015-04-272015-08-31United StatesCorporate — ExecutiveUSD 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.
2015-06-30restructuringin_progressUSD 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.
2015-03-31plant_closurein_progress2015-06-30United StatesGeneration (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.
2015-03-31plant_closureannounced2016-12-31United StatesGeneration (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.
2015-03-31restructuringin_progressGenerationUSD 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.
2013-12-31restructuringcompleted2012-04-012013-03-31United StatesGeneration & 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.
2013-12-31divestiture_reductioncompleted2013-12-312013-12-31United StatesTransmission & 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.
2013-09-30restructuringcompleted2012-04-012013-03-31United StatesPrimarily 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.
2013-09-30restructuringcompleted2012-04-012013-03-31United StatesCorporate and SubsidiariesUSD 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.
2013-06-30restructuringcompleted2012-04-012013-03-31United StatesPrimarily 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.
2013-06-30restructuringcompleted2012-04-012013-03-31United StatesCorporate and Utility OperationsUSD 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.
2013-03-31restructuringcompleted2012-04-012013-03-31United StatesPrimarily 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.
2013-03-31restructuringcompleted2012-04-012013-03-31System-wideVariousUSD 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.
2012-12-31restructuringin_progress2012-04-012013-03-31United StatesPrimarily 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.
2012-12-31restructuringin_progress2012-04-012013-03-31System-wideVariousUSD 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.
2012-09-30restructuringin_progress2012-04-012013-03-31United StatesPrimarily 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.
2012-09-30restructuringin_progress2012-04-012013-03-31System-wideVariousUSD 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.
2012-06-30restructuringin_progress1702012-04-012012-12-31United StatesPrimarily 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.
2012-06-30restructuringin_progress1702012-04-012012-12-31AEP SystemVariousUSD 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.
2012-03-31restructuringannounced2012-04-012012-12-31United StatesEnterprise-wideMD&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.
2012-03-31acquisition_additioncompleted2012-03-012012-03-31United StatesGeneration and MarketingUSD 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.
2012-03-31restructuringin_progress2012-04-012012-12-31System-wideCorporate and OperationsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Process initiated to identify employee repositioning opportunities and efficiencies resulting in redeployment and involuntary severances.
2011-12-31restructuringcompleted2,4612010-04-012010-05-31AEP SystemVariousUSD 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.
2011-09-30restructuringcompleted2,4612010-04-012010-05-31AEP SystemVariousUSD 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.
2011-06-30restructuringcompleted2,4612010-04-012010-05-31AEP SystemVariousUSD 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.
2011-03-31restructuringcompleted2,4612010-04-012010-05-31AEP SystemVariousUSD 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.
2010-12-31restructuringcompleted2,4612010-04-012010-05-31United StatesAEP 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.
2010-12-31restructuringcompleted2,46111.5%2010-04-012010-05-31AEP SystemVariousUSD 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.
2010-09-30restructuringcompleted2,4612010-042010-05-31United StatesAEP 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.
2010-09-30restructuringcompleted2,4612010-04-012010-05-31AEP SystemUtility OperationsUSD 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.
2010-06-30restructuringin_progress2,45011.5%2010-04United StatesUtility OperationsUSD 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%.
2010-06-30restructuringin_progress2,45011.5%2010-04-01System-wideVariousUSD 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.
2010-03-31voluntary_separationannounced2,0002010-04-012010-05-31United StatesCompany-wideMD&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.
2010-03-31restructuringannounced2010-04-01United StatesCompany-wideMD&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.
2010-03-31voluntary_separationannounced2,0002010-04-012010-05-31Company-wideAll business units and departmentssubsequent_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.
2007-12-31restructuringcompleted5002005-01-012006-06-30United StatesCompany-wideUSD 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.
2007-12-31restructuringcompleted50020052006-06-30System-wideVariousUSD 28 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Positions eliminated in 2005; accrual eliminated as of June 30, 2006.
2006-12-31restructuringcompleted5002005-01-012006-06-30United StatesCompany-wideUSD 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.
2006-12-31restructuringcompleted50020052006-06-30System-wideVariousUSD 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.
2006-09-30restructuringcompleted5002005-06-302006-06-30System-wideVariousUSD 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.
2006-06-30restructuringcompleted5002005-04-012006-06-30System-wideVariousUSD 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.
2006-03-31restructuringin_progress5002005-04-012006-06-30United StatesCompany-wideUSD 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.
2006-03-31restructuringin_progress5002005-04-012006-06-30United StatesCorporate / All SegmentsUSD 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.
2005-12-31restructuringin_progress5002005-01-012006-06-30United StatesCompany-wideUSD 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.
2005-12-31acquisition_additioncompleted2005-09-012005-09-30Ohio, United StatesUtility Operationsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CSPCo acquired an 821 MW plant for $218 million; no headcount added disclosed.
2005-12-31acquisition_additioncompleted2005-12-012005-12-31Ohio, United StatesUtility Operationsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CSPCo acquired Ohio service territory with approximately 29,000 customers; no headcount added disclosed.
2005-12-31acquisition_additioncompleted2005-12-012005-12-31West Virginia, United StatesUtility Operationsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
APCo acquired a 505 MW plant for $100 million; no headcount added disclosed.
2005-12-31divestiture_reductioncompleted2005-01-012005-01-31Texas, United StatesInvestments - Gas Operationsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold 98% controlling interest in HPL for approximately $1 billion; no headcount removed disclosed.
2005-12-31divestiture_reductioncompleted2005-05-012005-05-31Texas, United StatesUtility Operationsdiscontinued_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.
2005-12-31restructuringcompleted50020052006-06-30System-wideCorporate and Shared ServicesUSD 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.
2005-12-31acquisition_additioncompleted2005-12-312005-12-31OhioColumbus Southern Power CompanyItem_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.
2005-09-30restructuringin_progress5002005-04-01United StatesCompany-wideUSD 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.
2005-09-30restructuringin_progress5002005-06-30Company-wideVariousUSD 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.
2005-06-30restructuringin_progress466United StatesCompany-wideUSD 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.
2005-06-30restructuringin_progress4662005-06-30Company-wideUSD 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.
2004-12-31restructuringcompleted1,1202002-Q42003-12-31Company-wideVariousUSD 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.
2003-09-30restructuringin_progressUnited KingdomUK OperationsUSD 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.
2003-06-30restructuringcompleted1,1202002-10-012003-06-30Company-wideAll segmentsUSD 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.
2003-03-31restructuringin_progress1,1202002-10-01United StatesCompany-wideUSD 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.
2003-03-31restructuringin_progress1,1202002-10-01Company-wideVariousUSD 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.
2002-12-31restructuringcompleted1,1202002-10-012002-12-31United StatesCompany-wideUSD 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.
2002-12-31divestiture_reductioncompleted2002-06-182002-07-29United KingdomElectricity supply and distributiondiscontinued_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.
2002-12-31divestiture_reductioncompleted2002-07-192002-08-30AustraliaRetail electricity and gas supply and distributiondiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of CitiPower, serving 240,000 customers. Headcount not disclosed.
2002-12-31divestiture_reductioncompleted2002-04-012002-12-23Texas, United StatesRetail electric providersdiscontinued_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.
2002-12-31acquisition_additioncompleted2002-01-012002-01-31Norway and SwedenEnergy tradingbusiness_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.
2002-12-31acquisition_additioncompleted2002-01-012002-01-31United StatesEmission monitoring equipment and servicesbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired 100% of United Sciences Testing, Inc. for $12.5M. Headcount not disclosed.
2002-12-31restructuringcompleted1,1202002-10-012002-12-31United StatesCompany-wideUSD 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.
2002-12-31plant_closurecompleted1802002-09-012002-12-31Texas (ERCOT)Wholesale — generationrestructuring_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).
2002-12-31divestiture_reductioncompleted2002-06-182002-07-29United KingdomEnergy Delivery — electricity supply and distributiondiscontinued_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.
2002-12-31divestiture_reductioncompleted2002-07-192002-08-30AustraliaEnergy Delivery — retail electricity and gasdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
CitiPower served 240,000 customers; headcount not disclosed. Loss on sale of $149M.
2002-12-31divestiture_reductioncompleted2002-04-012002-12-23Texas (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.
2002-12-31otherin_progress2002-12-012003-12-31United StatesOther — 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.
2002-12-31othercompleted2002-10-012002-12-31Europe (Norway, Sweden)Wholesale — energy tradingUSD 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.
2002-12-31restructuringcompleted1,1202002-Q42002-12-31Company-wideVariousUSD 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.
2002-09-30plant_closurein_progress1832002-092002-11Texas (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.
2002-09-30restructuringannounced2002-10United StatesWholesale — energy trading and marketing operationsother
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.
2002-09-30reduction_in_forcecompleted2002-10-092002-10-09United StatesNatural gas marketing and tradingother
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.
2002-09-30plant_closurein_progress1832002-09-302002-12-31Texas (ERCOT)GenerationUSD 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.
2002-03-31acquisition_additioncompleted342002-01-31Norway and SwedenWholesale — Energy Marketing and TradingUSD 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.
2002-03-31acquisition_additioncompleted342002-01-01Norway and SwedenEnergy TradingUSD 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.
2001-12-31acquisition_additioncompleted8002001-10-01United StatesCoal MiningItem_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.
2001-12-31acquisition_additioncompleted2001-11-01United StatesTransportationItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired MEMCO Barge Line Inc. in November 2001. Employee count not explicitly disclosed in text.
2001-12-31acquisition_additioncompleted572001-12-01United KingdomTradingMD&A
f5-10k / Qwen3.6-27B-Q8_0
Hired 57 employees from Enron's London based international coal trading group in December 2001.
2001-09-30acquisition_additioncompleted8002001-10-01United States (Colorado, Kentucky, Ohio, Pennsylvania, West Virginia)Coal mining operationsUSD 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.
2001-09-30acquisition_additioncompleted4502001-11-01United StatesBarge line / inland waterway transportationUSD 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.
2001-09-30restructuringin_progressUnited StatesCorporateMD&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.
2001-09-30restructuringin_progressUnited States (Virginia, West Virginia, Ohio)Energy deliveryMD&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.
2001-09-30restructuringin_progressOhioCorporate / Energy DeliveryMD&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.
2001-09-30acquisition_additioncompleted4502001-06-01United StatesGas PipelineUSD 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.
2001-09-30acquisition_additionannounced8002001-10-01Colorado, Kentucky, Ohio, Pennsylvania, West VirginiaCoal MiningUSD 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).
2001-09-30acquisition_additionannounced4502001-11-01United StatesBarge LineUSD 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).
2000-12-31acquisition_additioncompleted1997-12-212000-06-15United StatesElectric utility operations (CPL, PSO, SWEPCo, WTU) and other CSW subsidiariesItem_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.
2000-12-31restructuringcompleted4501998-10-012000-03-31AEP SystemPower Generation and Energy DeliveryUSD 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.
2000-12-31restructuringcompleted651998-12-312000-03-31AEP SystemEnergy DeliveryUSD 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.
1999-12-31restructuringcompleted5151998-10-311999-03-31United StatesPower Generation and Energy DeliveryUSD 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.
1999-12-31restructuringcompleted5151998-10-011999-03-31United StatesPower Generation and Energy DeliveryUSD 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.
1999-09-30restructuringin_progressSystem-wideVariousMD&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.
1999-09-30plant_closurecompleted1999-101999-10OhioMiningNotes 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.
1999-09-30plant_closureannounced1999-072000-04-30OhioMiningUSD 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.
1999-03-31othercompleted1999-04-26IndianaCorporate / Union RelationsMD&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.
1999-03-31othercompleted1999-01-01VirginiaCorporateMD&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.
1998-12-31restructuringin_progress4501998-10-311999-02-28United StatesPower GenerationUSD 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.
1998-12-31restructuringin_progress651998-12-311999-01-31United StatesEnergy Deliveryrestructuring_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.
1998-12-31plant_closureannounced2001998-12-311999-10-31United StatesCoal Mining — Muskingum MineUSD 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.
1998-12-31restructuringcompleted5151998-10-011999-02-28United StatesPower Generation and Energy DeliveryUSD 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.
1996-12-31restructuringcompleted1995-12-311995-12-31System-wideOperations and ManagementUSD 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.
1996-09-30restructuringcompletedUSD 27 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Provision for severance pay recorded in 1995; impact noted in 1996 comparison.
1996-09-30restructuringcompletedOhio Power CompanyUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Provision for severance pay recorded in 1995; impact noted in 1996 comparison.
1996-06-30restructuringcompletedOhioPower PlantsMD&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.
1996-06-30restructuringcompletedSystem-wideNuclear PlantMD&A
f5-10q / Qwen3.6-27B-Q8_0
Reductions in the number of employees performing maintenance on the Company's nuclear plant.
1996-03-31restructuringcompletedOhioPower PlantsMD&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.
1995-12-31restructuringcompletedUnited StatesFunctional realignment of operationsUSD 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.
1995-12-31restructuringcompleted1995-12-311995-12-31System-wideFunctional realignment of operationsUSD 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.
1995-09-30restructuringin_progress3601995-09-30United StatesPower plantsUSD 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.
1995-09-30restructuringin_progress2001995-09-30United StatesPower plantsUSD 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.
1995-09-30restructuringin_progress1601995-09-30United StatesPower plantsUSD 6 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Provision recorded in Q3 1995; $3.7 million after-tax.
1995-09-30restructuringin_progress901995-09-30United StatesPower plantsUSD 3 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Provision recorded in Q3 1995; $2.1 million after-tax.
1995-09-30restructuringin_progress351995-09-30United StatesPower 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.
1995-09-30restructuringin_progress9001995-09-30Power plantsUSD 27 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
AEP consolidated restructuring program to functionally realign operations in preparation for increased competition.
1995-09-30restructuringin_progress1601995-09-30Power plantsUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of AEP restructuring program.
1995-09-30restructuringin_progress901995-09-30Power plantsUSD 3 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of AEP restructuring program.
1995-09-30restructuringin_progress2001995-09-30Power plantsUSD 6 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Includes amounts for Rockport Plant; half billed to affiliate.
1995-09-30restructuringin_progress351995-09-30Power plantsUSD 2 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Big Sandy Power Plant and share of affiliated plant reductions.
1995-09-30restructuringin_progress3601995-09-30Power plantsUSD 11 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Part of AEP restructuring program.