v3.25.2
CONDENSED BALANCE SHEETS - PSO - 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
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
Accrued Tax Benefits 111.6 38.2
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
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
Risk Management Liabilities 106.1 100.0
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
PSO    
CURRENT ASSETS    
Cash and Cash Equivalents 3.8 1.8
Advances to Affiliates 0.0 232.0
Accounts Receivable:    
Customers 86.4 74.8
Miscellaneous 0.1 0.3
Total Accounts Receivable 146.3 107.7
Fuel 9.6 17.1
Materials and Supplies 117.1 108.8
Risk Management Assets 96.9 20.6
Accrued Tax Benefits 35.3 35.5
Regulatory Asset for Under-Recovered Fuel Costs 139.0 64.7
Prepayments and Other Current Assets 35.7 20.2
TOTAL CURRENT ASSETS 583.7 608.4
PROPERTY, PLANT AND EQUIPMENT    
Generation 3,990.3 2,772.4
Transmission 1,368.6 1,345.3
Distribution 3,851.7 3,698.8
Other Property, Plant and Equipment 1,263.2 550.0
Construction Work in Progress 390.5 378.8
Total Property, Plant and Equipment 10,864.3 8,745.3
Accumulated Depreciation and Amortization 2,660.7 2,213.0
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 8,203.6 6,532.3
OTHER NONCURRENT ASSETS    
Regulatory Assets 551.9 527.8
Employee Benefits and Pension Assets 76.6 73.6
Operating Lease Assets 118.6 106.2
Deferred Charges and Other Noncurrent Assets 70.7 62.0
TOTAL OTHER NONCURRENT ASSETS 817.8 769.6
TOTAL ASSETS 9,605.1 7,910.3
CURRENT LIABILITIES    
Accounts Payable 329.7 200.5
Long-term Debt Due Within One Year 0.6 125.6
Risk Management Liabilities 5.6 5.8
Customer Deposits 83.1 72.9
Accrued Taxes 78.8 33.4
Accrued Interest 47.6 33.1
Obligations Under Operating Leases 10.5 10.4
Other Current Liabilities 78.1 78.6
TOTAL CURRENT LIABILITIES 1,013.3 619.4
NONCURRENT LIABILITIES    
Long-term Debt 3,523.4 2,730.0
Deferred Income Taxes 995.7 930.6
Regulatory Liabilities and Deferred Investment Tax Credits 698.2 689.7
Asset Retirement Obligations 133.9 118.8
Obligations Under Operating Leases 114.8 101.9
Deferred Credits and Other Noncurrent Liabilities 50.3 34.3
TOTAL NONCURRENT LIABILITIES 5,516.3 4,605.3
TOTAL LIABILITIES 6,529.6 5,224.7
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 157.2 157.2
Paid-in Capital 1,341.1 1,041.2
Retained Earnings 1,574.8 1,483.6
Accumulated Other Comprehensive Income (Loss) 2.4 3.6
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 3,075.5 2,685.6
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 9,605.1 7,910.3
PSO | Affiliated Entity    
Accounts Receivable:    
Affiliated Companies 59.8 32.6
CURRENT LIABILITIES    
Advances from Affiliates 319.7 0.0
Accounts Payable $ 59.6 $ 59.1