---
schema_version: "secwatch.filing_event.v1"
accession: "0000004904-24-000003"
form_type: "8-K"
ticker: "AEP"
cik: "0000004904"
company_name: "AMERICAN ELECTRIC POWER CO INC"
filed_at: "2024-01-11T23:59:59+00:00"
generated_at: "2026-06-07T00:43:09.305210+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# WVPSC disallows $232M in ENEC costs; AEP to take $222M Q4 impairment, reaffirms guidance

## Summary
- West Virginia PSC final order disallows ~$232M of ENEC regulatory asset balance for Appalachian Power and Wheeling Power.
- Remaining $321M under-recovered balance to be recovered over 10 years starting September 1, 2024.
- AEP expects a pretax non-cash disallowance of ~$222M ($127M APCo, $95M WPCo) in Q4 2023.
- Charge excluded from 2023 Operating Earnings (Non-GAAP); AEP reaffirms 2024 Op Earnings guidance, 6-7% growth rate, 14-15% FFO/Debt target.

## SEC filing metadata
- accession: 0000004904-24-000003
- form_type: 8-K
- ticker: AEP
- cik: 0000004904
- company_name: AMERICAN ELECTRIC POWER CO INC
- filed_at: 2024-01-11T23:59:59+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.06, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/4904/000000490424000003/0000004904-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/4904/000000490424000003/aep-20240109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000004904-24-000003
- JSON: https://secwatch.observer/filing/0000004904-24-000003.json
- Plain text: https://secwatch.observer/filing/0000004904-24-000003.txt

## Key facts
- Restructurings & Charges
  AMERICAN ELECTRIC POWER CO INC announced a impairment with charges of approximately $222 million affecting APCo and WPCo (Appalachian Power Company and Wheeling Power Company).
  - Type: impairment
  - Charge: approximately $222 million
  - Affected area: APCo and WPCo (Appalachian Power Company and Wheeling Power Company)
  source text: As a result of the WVPSC's final order, AEP anticipates recording a pretax, non-cash disallowance of approximately $222 million (approximately $127 million attributable to APCo and approximately $95 million attributable to WPCo) in the fourth quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/4904/000000490424000003/0000004904-24-000003-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.