v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - SWEPCo - 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
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
Securitized Assets 973.1 554.3
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
Short-term Debt – Nonaffiliated 1,501.6 2,523.8
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
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)
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
Noncontrolling Interests 1,097.3 42.3
TOTAL EQUITY 30,968.4 26,986.1
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 107,778.5 103,078.0
SWEPCo    
CURRENT ASSETS    
Cash and Cash Equivalents 3.7 1.2
Restricted Cash 16.7 3.4
Accounts Receivable:    
Customers 34.5 34.5
Miscellaneous 8.8 9.2
Total Accounts Receivable 89.9 97.8
Fuel 88.0 86.5
Materials and Supplies 85.5 81.4
Risk Management Assets 70.4 18.1
Accrued Tax Benefits 57.6 26.0
Regulatory Asset for Under-Recovered Fuel Costs 109.6 106.6
Prepayments and Other Current Assets 35.4 14.7
TOTAL CURRENT ASSETS 635.5 438.0
PROPERTY, PLANT AND EQUIPMENT    
Generation 5,325.1 5,287.5
Transmission 3,018.0 2,863.8
Distribution 3,122.2 3,007.1
Other Property, Plant and Equipment 912.7 940.4
Construction Work in Progress 688.9 627.3
Total Property, Plant and Equipment 13,066.9 12,726.1
Accumulated Depreciation and Amortization 3,395.0 3,280.0
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 9,671.9 9,446.1
OTHER NONCURRENT ASSETS    
Regulatory Assets 944.9 921.3
Securitized Assets 323.6 331.4
Deferred Charges and Other Noncurrent Assets 379.3 358.2
TOTAL OTHER NONCURRENT ASSETS 1,647.8 1,610.9
TOTAL ASSETS 11,955.2 11,495.0
CURRENT LIABILITIES    
Accounts Payable 281.2 265.5
Short-term Debt – Nonaffiliated 1.6 5.5
Long-term Debt Due Within One Year 519.3 22.7
Risk Management Liabilities 3.3 2.3
Customer Deposits 75.5 75.4
Accrued Taxes 111.7 48.6
Accrued Interest 48.0 40.6
Obligations Under Operating Leases 6.6 8.2
Provision for Refund 84.6 70.8
Other Current Liabilities 141.3 159.9
TOTAL CURRENT LIABILITIES 1,365.8 1,031.6
NONCURRENT LIABILITIES    
Long-term Debt 3,463.7 3,958.1
Deferred Income Taxes 1,358.9 1,271.3
Regulatory Liabilities and Deferred Investment Tax Credits 549.4 610.8
Asset Retirement Obligations 270.2 257.5
Employee Benefits and Pension Obligations 38.9 46.5
Obligations Under Operating Leases 132.5 137.5
Provision for Refund 79.7 107.8
Storm Reserve 108.7 106.2
Deferred Credits and Other Noncurrent Liabilities 68.0 62.7
TOTAL NONCURRENT LIABILITIES 6,070.0 6,558.4
TOTAL LIABILITIES 7,435.8 7,590.0
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
EQUITY    
Common Stock 0.1 0.1
Paid-in Capital 2,000.3 1,549.7
Retained Earnings 2,516.6 2,352.5
Accumulated Other Comprehensive Income (Loss) 2.2 2.3
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY 4,519.2 3,904.6
Noncontrolling Interests 0.2 0.4
TOTAL EQUITY 4,519.4 3,905.0
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 11,955.2 11,495.0
SWEPCo | Affiliated Entity    
CURRENT ASSETS    
Advances to Affiliates 78.7 2.3
Accounts Receivable:    
Affiliated Companies 46.6 54.1
CURRENT LIABILITIES    
Advances from Affiliates 0.0 275.0
Accounts Payable $ 92.7 $ 57.1