{"schema_version":"secwatch.filing_event.v1","accession":"0000004904-23-000150","form_type":"8-K","ticker":"AEP","cik":"0000004904","company_name":"AMERICAN ELECTRIC POWER CO INC","filed_at":"2023-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.703829+00:00","generated_at":"2026-06-07T10:12:30.967659+00:00","sec_items":["2.06","7.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PUCT disallowance forces SWEPCo to record $80-90M pretax impairment on Turk Plant","bullets":["SWEPCo expects $80-90M pretax non-cash disallowance in Q4 2023 after PUCT preliminary order.","PUCT will not address SWEPCo's request to exceed $1.522B Texas Capital Cost Cap in remand.","Potential customer refunds of $0-200M (incl. interest) for revenues from Feb 2013 to Dec 2023, though not probable.","AEP reaffirms 2024 operating earnings guidance, 6-7% long-term growth, and 14-15% FFO/Debt target.","Impairment excluded from AEP's 2023 Operating Earnings (Non-GAAP); SWEPCo plans to challenge ruling."],"urls":{"canonical":"https://secwatch.observer/filing/0000004904-23-000150","json":"https://secwatch.observer/filing/0000004904-23-000150.json","markdown":"https://secwatch.observer/filing/0000004904-23-000150.md","text":"https://secwatch.observer/filing/0000004904-23-000150.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/4904/000000490423000150/0000004904-23-000150-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/4904/000000490423000150/aep-20231214.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-07T10:12:30.967659+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"498c974e65b8331313532487e08f44bac9199975","claim":"AMERICAN ELECTRIC POWER CO INC announced a impairment with charges of anticipates recording a pretax, non-cash disallowance ranging from $80 million to $90 million in the fourth quarter of 2023 affecting SWEPCo Turk Plant.","evidence_excerpt":"As a result of the PUCT’s approval of the preliminary order, SWEPCo believes it is probable the PUCT will disallow capitalized AFUDC in excess of the Texas Capital Cost Cap and anticipates recording a pretax, non-cash disallowance ranging from $80 million to $90 million in the fourth quarter of 2023.","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/4904/000000490423000150/0000004904-23-000150-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"anticipates recording a pretax, non-cash disallowance ranging from $80 million to $90 million in the fourth quarter of 2023"},{"label":"Affected area","value":"SWEPCo Turk Plant"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}