What does state transcos — taxes other than income taxes mean?

Includes all state and local taxes, such as property taxes, payroll taxes, and gross receipts taxes, that are not based on net income. These are essential operating costs for utility transmission assets located across various jurisdictions. They are typically recovered through regulated rate structures.

American Electric Power AEP State Transcos — Taxes Other Than Income Taxes

Other segment segments

T&D

$200M-2.4%

VIU

$144M+7.5%

G&M

$1M0.0%

Similar metrics at other companies

MGEETaxes Other Than Income Taxes

$6.3M+5.7%

YORWTaxes Other Than Income Taxes

$526K+10.7%

OGS

OGSTaxes Other Than Income Taxes

$24.81M-1.7%

NWN

NWNTaxes Other Than Income Taxes

$12.05M-0.2%

UTLTaxes Other Than Income Taxes

$9.1M+15.2%

SRTaxes Other Than Income Taxes

$83.1M+9.5%

Other financials

Income statement

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Revenue$6.0B+10.2%

Gross profit$3.9B+8.1%

Operating income$1.4B+5.9%

Net income$903.0M+12.6%

EPS (diluted)$1.60+6.7%

Balance sheet

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Cash & equivalents$339.0M+16.1%

Total debt$49.7B—

Total equity$31.8B+16.2%

Total assets$117.78B—

Cash flow

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Operating cash flow$1.5B+4.8%

CapEx$965.0M—

Free cash flow$554.0M-61.8%

Valuation

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Market cap$75.46B+36.8%

Enterprise value$124.85B—

P/E23.7×+1.5×

P/S3.4×-0.2×

Profitability

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Operating margin19.2%-1.0pp

Net margin13.1%-1.5pp

FCF margin19.4%—

Returns & leverage

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Return on equity10.6%-0.6pp

Debt / equity1.6×—

Current ratio0.5×—

Where this comes from

Reported directly by American Electric Power in its filing.

Tagged under the XBRL concept us-gaap:UtilitiesOperatingExpenseTaxes.

The official record: American Electric Power’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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What is American Electric Power's state transcos — taxes other than income taxes?: American Electric Power (AEP) reported state transcos — taxes other than income taxes of $88M in Q1 2026.
What does state transcos — taxes other than income taxes mean?: Includes all state and local taxes, such as property taxes, payroll taxes, and gross receipts taxes, that are not based on net income. These are essential operating costs for utility transmission assets located across various jurisdictions. They are typically recovered through regulated rate structures.