v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - AEP Transmission Holdco - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Accounts Receivable:    
Customers $ 1,266 $ 1,166
Total Accounts Receivable 3,035 2,867
Prepayments and Other Current Assets 299 212
TOTAL CURRENT ASSETS 7,134 6,052
TRANSMISSION PROPERTY    
Transmission Property 43,764 42,557
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
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 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)
MEMBER’S EQUITY    
Retained Earnings 15,989 15,441
TOTAL LIABILITIES AND EQUITY 121,570 114,460
AEP TRANSMISSION COMPANY, LLC    
CURRENT ASSETS    
Advances to Affiliates 222 71
Accounts Receivable:    
Customers 66 94
Affiliated Companies 177 153
Total Accounts Receivable 243 247
Prepayments and Other Current Assets 31 4
TOTAL CURRENT ASSETS 496 322
TRANSMISSION PROPERTY    
Transmission Property 17,085 16,542
Other Property, Plant and Equipment 586 571
Construction Work in Progress 2,636 2,005
Total Property, Plant and Equipment 20,307 19,118
Accumulated Depreciation and Amortization 2,075 1,915
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 18,232 17,203
OTHER NONCURRENT ASSETS    
Regulatory Assets 84 73
Deferred Property Taxes 187 326
Deferred Charges and Other Noncurrent Assets 77 75
TOTAL OTHER NONCURRENT ASSETS 348 474
TOTAL ASSETS 19,076 17,999
CURRENT LIABILITIES    
Advances from Affiliates 58 143
Long-term Debt Due Within One Year 425 425
Accrued Taxes 536 650
Accrued Interest 48 46
Contribution in Aid of Construction Advances 170 32
Obligations Under Operating Leases 1 1
Other Current Liabilities 15 9
TOTAL CURRENT LIABILITIES 2,171 1,947
NONCURRENT LIABILITIES    
Long-term Debt 6,331 6,174
Deferred Income Taxes 1,542 1,481
Regulatory Liabilities 779 708
Obligations Under Operating Leases 1 2
Deferred Credits and Other Noncurrent Liabilities 28 44
TOTAL NONCURRENT LIABILITIES 8,681 8,409
TOTAL LIABILITIES 10,852 10,356
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
MEMBER’S EQUITY    
Paid-in Capital 5,211 4,962
Retained Earnings 1,885 1,651
TOTAL MEMBER’S EQUITY 7,096 6,613
Noncontrolling Interest 1,128 1,030
TOTAL EQUITY 8,224 7,643
TOTAL LIABILITIES AND EQUITY 19,076 17,999
AEP TRANSMISSION COMPANY, LLC | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 805 477
AEP TRANSMISSION COMPANY, LLC | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 113 $ 164