v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - OPCo - 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
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
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
Risk Management Liabilities 106.1 100.0
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
Long-term Risk Management Liabilities 191.6 224.4
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    
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
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 29,871.1 26,943.8
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 107,778.5 103,078.0
OPCo    
CURRENT ASSETS    
Cash and Cash Equivalents 8.2 4.5
Accounts Receivable:    
Customers 167.3 189.2
Accrued Unbilled Revenues 51.2 31.1
Miscellaneous 4.7 8.6
Total Accounts Receivable 344.0 346.4
Materials and Supplies 177.7 141.4
Prepayments and Other Current Assets 12.1 19.9
TOTAL CURRENT ASSETS 542.0 627.1
PROPERTY, PLANT AND EQUIPMENT    
Transmission 3,744.8 3,663.9
Distribution 7,389.7 7,244.0
Other Property, Plant and Equipment 1,258.6 1,256.0
Construction Work in Progress 818.9 691.1
Total Property, Plant and Equipment 13,212.0 12,855.0
Accumulated Depreciation and Amortization 2,945.7 2,883.9
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 10,266.3 9,971.1
OTHER NONCURRENT ASSETS    
Regulatory Assets 364.1 379.1
Operating Lease Assets 55.6 60.4
Deferred Charges and Other Noncurrent Assets 408.9 661.0
TOTAL OTHER NONCURRENT ASSETS 828.6 1,100.5
TOTAL ASSETS 11,636.9 11,698.7
CURRENT LIABILITIES    
Accounts Payable 340.2 343.6
Risk Management Liabilities 5.9 7.3
Customer Deposits 92.8 108.1
Accrued Taxes 529.8 836.1
Obligations Under Operating Leases 12.0 12.3
Other Current Liabilities 166.5 182.2
TOTAL CURRENT LIABILITIES 1,519.6 1,694.5
NONCURRENT LIABILITIES    
Long-term Debt 3,717.1 3,715.7
Long-term Risk Management Liabilities 41.8 40.2
Deferred Income Taxes 1,225.1 1,201.1
Regulatory Liabilities and Deferred Investment Tax Credits 917.9 987.7
Obligations Under Operating Leases 43.9 48.4
Deferred Credits and Other Noncurrent Liabilities 190.8 127.0
TOTAL NONCURRENT LIABILITIES 6,136.6 6,120.1
TOTAL LIABILITIES 7,656.2 7,814.6
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 321.2 321.2
Paid-in Capital 1,021.8 1,020.0
Retained Earnings 2,637.7 2,542.9
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 3,980.7 3,884.1
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 11,636.9 11,698.7
OPCo | Affiliated Entity    
CURRENT ASSETS    
Advances to Affiliates 0.0 114.9
Accounts Receivable:    
Affiliated Companies 120.8 117.5
CURRENT LIABILITIES    
Advances from Affiliates 203.0 0.0
Accounts Payable $ 169.4 $ 204.9