secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN ELECTRIC POWER CO INC (AEP)
CIK:        0000004904
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0000004904-24-000049
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

SWEPCo to record $160M revenue refund provision after PUCT denies Turk Plant appeal
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- PUCT on May 2, 2024 denied SWEPCo's appeal, leading to a $160M one-time revenue refund provision in Q2 2024.
- Provision includes interest on revenue collected from Feb 2013 through Dec 2023; range $104M-$197M.
- SWEPCo recorded a $86M pretax non-cash disallowance in Q4 2023 on AFUDC exceeding $1.522B Texas Capital Cost Cap.
- Hearing scheduled May 2024; PUCT decision expected Q3 2024.
- PUCT previously ruled it will not reconsider the capital cost cap in the remand proceeding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000049/0000004904-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/4904/000000490424000049/aep-20240502.htm
  HTML page:      https://secwatch.observer/filing/0000004904-24-000049

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