OHIO POWER COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME For the Years Ended December 31, 2020, 2019 and 2018 (in millions) The common stock of OPCo is wholly-owned by Parent. See Notes to Financial Statements of Registrants beginning on page 229. 195 Years Ended December 31, 2020 2019 2018 REVENUES Electricity, Transmission and Distribution $ 2,698.6  $ 2,759.5  $ 3,033.8  Sales to AEP Affiliates 41.5  27.3  21.0  Other Revenues 9.0  10.8  8.6  TOTAL REVENUES 2,749.1  2,797.6  3,063.4  EXPENSES Purchased Electricity for Resale 549.2  607.3  684.6  Purchased Electricity from AEP Affiliates 119.7  156.0  135.3  Amortization of Generation Deferrals —  65.3  223.9  Other Operation 822.6  742.6  771.3  Maintenance 127.1  150.1  156.0  Depreciation and Amortization 276.6  240.9  259.7  Taxes Other Than Income Taxes 450.2  434.2  412.8  TOTAL EXPENSES 2,345.4  2,396.4  2,643.6  OPERATING INCOME 403.7  401.2  419.8  Other Income (Expense): Interest Income 1.0  3.2  3.4  Carrying Costs Income 1.6  1.0  1.7  Allowance for Equity Funds Used During Construction 12.5  18.2  9.8  Non-Service Cost Components of Net Periodic Benefit Cost 15.0  14.6  15.5  Interest Expense (117.2) (106.2) (100.7) INCOME BEFORE INCOME TAX EXPENSE 316.6  332.0  349.5  Income Tax Expense 45.2  34.9  24.0  NET INCOME $ 271.4  $ 297.1  $ 325.5 