American Electric Power : 2025 Revenues from Coal (2025 Revenue from Coal)

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%