Note: AEP's calculated coal revenue percentage below excludes related depreciation and amortization expenses as these represent recovery of legacy coal costs and not new coal. Additionally, AEP should not be penalized for any acceleration of coal plant depreciation. If coal related depreciation and amortization is included, calculated coal revenue would be 13.5% vs. the 10.6% noted.
FERC Form 1 | APCo | I&M | KPCo | KgPCo | AEP Ohio | PSO | SWEPCo | AEP Texas | WPCo | Regulated Total | |||
Total 2025 Revenue | P114, Line 2 | $ 4,252,039,412 | $ 2,715,631,126 | $ 764,751,475 | $ 215,629,790 | $ | 3,934,807,777 | $ 2,033,912,370 | $ 2,275,025,242 | $ | 2,172,653,854 | $ 465,413,741 | $ 18,829,864,787 |
Depreciation and Amortization | P336, Line 2 (f) | 223,394,045 | 94,054,798 | 38,114,534 | - | - | 40,602,401 | 127,054,441 | - | 25,914,671 | 549,134,890 | ||
Operations and Maintenance | P402-403, Line 34 | 742,869,058 | 194,225,274 | 121,075,003 | - | - | 60,322,714 | 259,059,421 | - | 121,928,246 | 1,499,479,716 | ||
Interest | P117, Line 70 | 282,002,632 | 139,991,092 | 59,852,510 | 4,324,296 | 156,966,312 | 140,586,187 | 138,316,572 | 264,344,378 | 41,224,731 | 1,227,608,710 | ||
Taxes | P114, Lines 14-19 | 292,946,250 | 124,454,924 | 33,714,518 | 15,268,307 | 661,656,309 | 27,655,191 | 84,770,276 | 273,403,186 | 28,864,429 | 1,542,733,390 | ||
Earnings | P117, Line 71 | 456,619,977 | 414,459,624 | 40,796,226 | 8,979,886 | 327,971,985 | 251,714,115 | 387,532,072 | 487,840,053 | 39,835,089 | 2,415,749,027 | ||
1,031,568,859 | 678,905,640 | 134,363,254 | 28,572,489 | 1,146,594,606 | 419,955,493 | 610,618,920 | 1,025,587,617 | 109,924,249 | 5,186,091,127 | ||||
Coal Rate Base Percentage as of 12/31/25 | 21.0% | 8.8% | 16.3% | 0.0% | 0.0% | 3.8% | 17.6% | 0.0% | 73.6% | ||||
Calculated Coal Interest, Taxes and Earnings | 216,629,460 | 59,743,696 | 21,901,210 | - | - | 15,958,309 | 107,468,930 | - | 80,904,247 | 502,605,853 | |||
Total Coal Expenses | $ 1,182,892,563 | $ 348,023,768 | $ 181,090,747 | $ - | $ | - | $ 116,883,424 | $ 493,582,792 | $ | - | $ 228,747,164 | $ 2,551,220,459 | |
Coal Expenses Excluding Depreciation and Amortization | $ 959,498,518 | $ 253,968,970 | $ 142,976,213 | $ - | $ | - | $ 76,281,023 | $ 366,528,351 | $ | - | $ 202,832,493 | $ 2,002,085,569 | |
2025 Calculated Coal Revenue Percentage Excluding Depreciation and Amortization | 22.6% | 9.4% | 18.7% | 0.0% | 0.0% | 3.8% | 16.1% | 0.0% | 43.6% | 10.6% |