v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - I&M - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and Cash Equivalents $ 227.3 $ 202.9
Accounts Receivable:    
Customers 1,134.6 1,100.1
Accrued Unbilled Revenues 393.7 367.0
Miscellaneous 53.4 64.1
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 (Including Coal Mining and Nuclear Fuel) 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
Spent Nuclear Fuel and Decommissioning Trusts 4,609.7 4,395.1
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
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
Asset Retirement Obligations 3,625.1 3,530.6
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
I&M    
CURRENT ASSETS    
Cash and Cash Equivalents 3.5 1.5
Accounts Receivable:    
Customers 62.6 58.7
Accrued Unbilled Revenues 25.5 21.4
Miscellaneous 5.3 6.3
Total Accounts Receivable 175.0 165.5
Fuel 54.6 83.4
Materials and Supplies 214.9 212.2
Risk Management Assets 12.3 18.4
Regulatory Asset for Under-Recovered Fuel Costs 5.0 10.6
Prepayments and Other Current Assets 60.2 52.0
TOTAL CURRENT ASSETS 525.5 543.6
PROPERTY, PLANT AND EQUIPMENT    
Generation 5,460.1 5,503.0
Transmission 1,978.1 1,957.8
Distribution 3,692.0 3,535.0
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel) 1,062.9 992.4
Construction Work in Progress 390.1 334.9
Total Property, Plant and Equipment 12,583.2 12,323.1
Accumulated Depreciation and Amortization 4,786.8 4,643.8
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 7,796.4 7,679.3
OTHER NONCURRENT ASSETS    
Regulatory Assets 616.1 548.1
Spent Nuclear Fuel and Decommissioning Trusts 4,609.7 4,395.1
Operating Lease Assets 59.0 51.5
Deferred Charges and Other Noncurrent Assets 290.1 317.9
TOTAL OTHER NONCURRENT ASSETS 5,574.9 5,312.6
TOTAL ASSETS 13,896.8 13,535.5
CURRENT LIABILITIES    
Accounts Payable 250.3 202.2
Long-term Debt Due Within One Year 94.6 269.2
Customer Deposits 54.6 59.1
Accrued Taxes 101.5 102.2
Accrued Interest 41.6 41.3
Obligations Under Operating Leases 14.9 12.3
Regulatory Liability for Over-Recovered Fuel Costs 13.5 10.3
Other Current Liabilities 162.9 149.3
TOTAL CURRENT LIABILITIES 853.9 1,071.2
NONCURRENT LIABILITIES    
Long-term Debt 3,416.3 3,225.1
Deferred Income Taxes 1,185.1 1,175.8
Regulatory Liabilities and Deferred Investment Tax Credits 2,636.3 2,480.8
Asset Retirement Obligations 2,135.0 2,088.8
Obligations Under Operating Leases 45.0 40.1
Deferred Credits and Other Noncurrent Liabilities 89.4 57.2
TOTAL NONCURRENT LIABILITIES 9,507.1 9,067.8
TOTAL LIABILITIES 10,361.0 10,139.0
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 56.6 56.6
Paid-in Capital 1,019.1 1,011.7
Retained Earnings 2,459.6 2,328.0
Accumulated Other Comprehensive Income (Loss) 0.5 0.2
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 3,535.8 3,396.5
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 13,896.8 13,535.5
I&M | Affiliated Entity    
Accounts Receivable:    
Affiliated Companies 81.6 79.1
CURRENT LIABILITIES    
Advances from Affiliates 25.7 126.8
Accounts Payable $ 94.3 $ 98.5