v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - AEP Texas - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 227.3 $ 202.9
Restricted Cash 51.3 43.1
Accounts Receivable:    
Customers 1,134.6 1,100.1
Accrued Unbilled Revenues 393.7 367.0
Miscellaneous 53.4 64.1
Allowance for Credit Losses (63.6) (60.8)
Total Accounts Receivable 2,797.1 2,631.9
Materials and Supplies 1,005.1 966.2
Prepayments and Other Current Assets 283.9 285.9
TOTAL CURRENT ASSETS 6,321.9 5,788.8
PROPERTY, PLANT AND EQUIPMENT    
Transmission 40,304.3 38,871.9
Distribution 32,125.2 31,061.9
Other Property, Plant and Equipment 8,378.2 7,491.6
Construction Work in Progress 6,945.3 6,346.9
Total Property, Plant and Equipment 113,792.7 108,602.0
Accumulated Depreciation and Amortization 27,455.6 26,186.4
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 86,337.1 82,415.6
OTHER NONCURRENT ASSETS    
Regulatory Assets 4,870.2 5,129.2
Securitized Assets 973.1 554.3
Operating Lease Assets 580.6 580.1
Deferred Charges and Other Noncurrent Assets 3,774.5 3,873.3
TOTAL OTHER NONCURRENT ASSETS 15,119.5 14,873.6
TOTAL ASSETS 107,778.5 103,078.0
CURRENT LIABILITIES    
Accounts Payable 2,714.2 2,637.6
Long-term Debt Due Within One Year 3,212.4 3,335.0
Accrued Taxes 1,527.8 1,922.1
Accrued Interest 479.2 453.3
Obligations Under Operating Leases 91.0 91.9
Other Current Liabilities 1,356.7 1,490.9
TOTAL CURRENT LIABILITIES 11,443.3 13,009.3
NONCURRENT LIABILITIES    
Long-term Debt 41,313.1 39,307.8
Deferred Income Taxes 10,521.7 9,972.4
Regulatory Liabilities and Deferred Investment Tax Credits 7,973.9 8,344.0
Obligations Under Operating Leases 506.5 504.3
Deferred Credits and Other Noncurrent Liabilities 913.8 800.6
TOTAL NONCURRENT LIABILITIES 65,316.2 63,044.8
TOTAL LIABILITIES 76,759.5 76,054.1
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Paid-in Capital 11,504.6 9,606.1
Retained Earnings 14,896.7 13,869.2
Accumulated Other Comprehensive Income (Loss) (12.6) (3.1)
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 29,871.1 26,943.8
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 107,778.5 103,078.0
AEP Texas    
CURRENT ASSETS    
Cash and Cash Equivalents 0.1 0.1
Restricted Cash 13.3 23.5
Advances to Affiliates 7.1 7.2
Accounts Receivable:    
Customers 200.8 182.8
Accrued Unbilled Revenues 108.2 97.2
Miscellaneous 0.1 0.3
Allowance for Credit Losses (4.1) (4.3)
Total Accounts Receivable 317.4 286.7
Materials and Supplies 148.6 169.5
Prepayments and Other Current Assets 6.5 13.4
TOTAL CURRENT ASSETS 493.0 500.4
PROPERTY, PLANT AND EQUIPMENT    
Transmission 7,942.7 7,546.2
Distribution 6,501.1 6,250.5
Other Property, Plant and Equipment 1,198.4 1,175.7
Construction Work in Progress 1,183.6 1,118.0
Total Property, Plant and Equipment 16,825.8 16,090.4
Accumulated Depreciation and Amortization 2,144.3 2,046.9
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 14,681.5 14,043.5
OTHER NONCURRENT ASSETS    
Regulatory Assets 383.3 353.6
Securitized Assets 105.1 116.7
Operating Lease Assets 51.0 54.4
Deferred Charges and Other Noncurrent Assets 194.5 131.0
TOTAL OTHER NONCURRENT ASSETS 733.9 655.7
TOTAL ASSETS 15,908.4 15,199.6
CURRENT LIABILITIES    
Accounts Payable 318.2 366.2
Long-term Debt Due Within One Year 774.7 324.5
Accrued Taxes 141.7 127.1
Accrued Interest 57.4 55.0
Obligations Under Operating Leases 12.8 13.1
Other Current Liabilities 183.0 201.4
TOTAL CURRENT LIABILITIES 1,626.0 1,407.1
NONCURRENT LIABILITIES    
Long-term Debt 6,057.6 6,117.1
Deferred Income Taxes 1,378.2 1,322.7
Regulatory Liabilities and Deferred Investment Tax Credits 1,285.6 1,285.4
Obligations Under Operating Leases 40.6 43.4
Deferred Credits and Other Noncurrent Liabilities 163.0 139.3
TOTAL NONCURRENT LIABILITIES 8,925.0 8,907.9
TOTAL LIABILITIES 10,551.0 10,315.0
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Paid-in Capital 2,342.9 2,092.4
Retained Earnings 3,017.9 2,795.2
Accumulated Other Comprehensive Income (Loss) (3.4) (3.0)
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 5,357.4 4,884.6
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 15,908.4 15,199.6
AEP Texas | Affiliated Entity    
Accounts Receivable:    
Affiliated Companies 12.4 10.7
CURRENT LIABILITIES    
Advances from Affiliates 109.5 284.9
Accounts Payable $ 28.7 $ 34.9