v3.25.2
CONDENSED CONSOLIDATED BALANCE SHEETS - 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
Other Temporary Investments 212.0 215.4
Accounts Receivable:    
Customers 1,134.6 1,100.1
Accrued Unbilled Revenues 393.7 367.0
Pledged Accounts Receivable – AEP Credit 1,279.0 1,161.5
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
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 (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
Securitized Assets 973.1 554.3
Spent Nuclear Fuel and Decommissioning Trusts 4,609.7 4,395.1
Goodwill 52.5 52.5
Long-term Risk Management Assets 258.9 289.1
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
Short-term Debt:    
Securitized Debt for Receivables – AEP Credit 900.0 900.0
Other Short-term Debt 601.6 1,623.8
Total Short-term Debt 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
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
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)
MEZZANINE EQUITY    
Contingently Redeemable Performance Share Awards 50.6 37.8
TOTAL MEZZANINE EQUITY 50.6 37.8
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