v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - AEP Texas - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Restricted Cash $ 72 $ 71
Accounts Receivable:    
Customers 1,266 1,166
Accrued Unbilled Revenues 360 421
Total Accounts Receivable 3,035 2,867
Materials and Supplies 1,183 1,046
Prepayments and Other Current Assets 299 212
TOTAL CURRENT ASSETS 7,134 6,052
PROPERTY, PLANT AND EQUIPMENT    
Transmission 43,764 42,557
Distribution 34,626 33,364
Other Property, Plant and Equipment 9,406 8,635
Construction Work in Progress 9,696 7,635
Total Property, Plant and Equipment 124,199 120,579
Accumulated Depreciation and Amortization 27,526 28,205
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 96,673 92,374
OTHER NONCURRENT ASSETS    
Regulatory Assets 5,021 4,804
Securitized Assets 2,252 933
Operating Lease Assets 642 661
Deferred Charges and Other Noncurrent Assets 4,319 4,402
TOTAL OTHER NONCURRENT ASSETS 17,763 16,034
TOTAL ASSETS 121,570 114,460
CURRENT LIABILITIES    
Accounts Payable 3,969 3,429
Long-term Debt Due Within One Year 2,821 3,194
Accrued Taxes 1,799 2,002
Accrued Interest 590 544
Obligations Under Operating Leases 94 100
Other Current Liabilities 2,187 1,898
TOTAL CURRENT LIABILITIES 14,155 13,314
NONCURRENT LIABILITIES    
Long-term Debt 47,987 44,128
Deferred Income Taxes 11,485 10,951
Regulatory Liabilities and Deferred Investment Tax Credits 8,622 8,362
Obligations Under Operating Leases 568 578
Deferred Credits and Other Noncurrent Liabilities 1,313 905
TOTAL NONCURRENT LIABILITIES 74,062 68,890
TOTAL LIABILITIES 88,217 82,204
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Paid-in Capital 12,499 12,138
Retained Earnings 15,989 15,441
Accumulated Other Comprehensive Income (Loss) 45 36
TOTAL COMMON SHAREHOLDER’S EQUITY 32,079 31,138
TOTAL LIABILITIES AND EQUITY 121,570 114,460
AEP TEXAS INC.    
CURRENT ASSETS    
Restricted Cash 13 14
Advances to Affiliates 7 7
Accounts Receivable:    
Customers 244 189
Affiliated Companies 11 15
Accrued Unbilled Revenues 118 101
Total Accounts Receivable 373 305
Materials and Supplies 225 168
Prepayments and Other Current Assets 31 15
TOTAL CURRENT ASSETS 649 509
PROPERTY, PLANT AND EQUIPMENT    
Transmission 8,458 8,229
Distribution 7,200 6,835
Other Property, Plant and Equipment 1,282 1,239
Construction Work in Progress 2,233 1,766
Total Property, Plant and Equipment 19,173 18,069
Accumulated Depreciation and Amortization 2,260 2,205
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 16,913 15,864
OTHER NONCURRENT ASSETS    
Regulatory Assets 444 402
Securitized Assets 82 94
Operating Lease Assets 49 52
Deferred Charges and Other Noncurrent Assets 222 154
TOTAL OTHER NONCURRENT ASSETS 797 702
TOTAL ASSETS 18,359 17,075
CURRENT LIABILITIES    
Advances from Affiliates 354 188
Long-term Debt Due Within One Year 25 75
Accrued Taxes 151 118
Accrued Interest 73 64
Security Deposits 79 87
Contribution in Aid of Construction Advances 223 67
Obligations Under Operating Leases 13 14
Other Current Liabilities 72 93
TOTAL CURRENT LIABILITIES 1,628 1,418
NONCURRENT LIABILITIES    
Long-term Debt 7,671 6,941
Deferred Income Taxes 1,522 1,430
Regulatory Liabilities and Deferred Investment Tax Credits 1,253 1,286
Obligations Under Operating Leases 38 40
Deferred Credits and Other Noncurrent Liabilities 187 134
TOTAL NONCURRENT LIABILITIES 10,671 9,831
TOTAL LIABILITIES 12,299 11,249
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Paid-in Capital 2,547 2,546
Retained Earnings 3,516 3,283
Accumulated Other Comprehensive Income (Loss) (3) (3)
TOTAL COMMON SHAREHOLDER’S EQUITY 6,060 5,826
TOTAL LIABILITIES AND EQUITY 18,359 17,075
AEP TEXAS INC. | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 595 652
AEP TEXAS INC. | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 43 $ 60