v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - APCo - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 227.3 $ 202.9
Restricted Cash for Securitized Funding 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
Fuel 616.9 748.9
Materials and Supplies 1,005.1 966.2
Risk Management Assets 469.3 210.4
Regulatory Asset for Under-Recovered Fuel Costs 547.4 445.9
Prepayments and Other Current Assets 283.9 285.9
TOTAL CURRENT ASSETS 6,321.9 5,788.8
PROPERTY, PLANT AND EQUIPMENT    
Generation 26,039.7 24,829.7
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
Customer Deposits 454.3 454.7
Accrued Taxes 1,527.8 1,922.1
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
Asset Retirement Obligations 3,625.1 3,530.6
Employee Benefits and Pension Obligations 270.5 360.7
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    
Common Stock 3,482.4 3,471.6
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
APCo    
CURRENT ASSETS    
Cash and Cash Equivalents 6.2 3.9
Restricted Cash for Securitized Funding 18.2 16.2
Advances to Affiliates 18.1 17.7
Accounts Receivable:    
Customers 192.7 185.7
Accrued Unbilled Revenues 76.0 93.1
Miscellaneous 0.9 0.3
Allowance for Credit Losses (2.2) (2.0)
Total Accounts Receivable 381.9 387.6
Fuel 267.8 308.0
Materials and Supplies 133.9 131.7
Risk Management Assets 108.7 35.7
Regulatory Asset for Under-Recovered Fuel Costs 128.3 148.1
Prepayments and Other Current Assets 25.0 46.0
TOTAL CURRENT ASSETS 1,088.1 1,094.9
PROPERTY, PLANT AND EQUIPMENT    
Generation 7,257.8 7,272.6
Transmission 5,106.1 5,001.5
Distribution 5,762.6 5,568.5
Other Property, Plant and Equipment 1,145.5 1,062.9
Construction Work in Progress 775.1 742.6
Total Property, Plant and Equipment 20,047.1 19,648.1
Accumulated Depreciation and Amortization 6,212.0 6,035.6
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 13,835.1 13,612.5
OTHER NONCURRENT ASSETS    
Regulatory Assets 1,451.3 1,366.0
Securitized Assets 92.2 106.2
Employee Benefits and Pension Assets 211.8 203.9
Operating Lease Assets 69.1 67.0
Deferred Charges and Other Noncurrent Assets 174.4 215.4
TOTAL OTHER NONCURRENT ASSETS 1,998.8 1,958.5
TOTAL ASSETS 16,922.0 16,665.9
CURRENT LIABILITIES    
Accounts Payable 392.6 427.2
Long-term Debt Due Within One Year 271.1 798.6
Customer Deposits 98.8 86.6
Accrued Taxes 127.9 168.8
Obligations Under Operating Leases 14.9 13.7
Other Current Liabilities 181.0 229.7
TOTAL CURRENT LIABILITIES 1,395.9 2,025.5
NONCURRENT LIABILITIES    
Long-term Debt 5,500.9 4,861.7
Deferred Income Taxes 2,079.8 2,033.5
Regulatory Liabilities and Deferred Investment Tax Credits 1,070.1 1,115.8
Asset Retirement Obligations 785.1 767.4
Employee Benefits and Pension Obligations 28.0 29.6
Obligations Under Operating Leases 54.7 54.0
Deferred Credits and Other Noncurrent Liabilities 31.4 30.4
TOTAL NONCURRENT LIABILITIES 9,550.0 8,892.4
TOTAL LIABILITIES 10,945.9 10,917.9
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 260.4 260.4
Paid-in Capital 1,951.3 1,944.1
Retained Earnings 3,753.7 3,532.2
Accumulated Other Comprehensive Income (Loss) 10.7 11.3
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 5,976.1 5,748.0
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 16,922.0 16,665.9
APCo | Affiliated Entity    
Accounts Receivable:    
Affiliated Companies 114.5 110.5
CURRENT LIABILITIES    
Advances from Affiliates 172.9 95.0
Accounts Payable $ 136.7 $ 205.9