v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - APCo - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 375 $ 197
Restricted Cash 72 71
Accounts Receivable:    
Customers 1,266 1,166
Accrued Unbilled Revenues 360 421
Allowance for Credit Losses (57) (52)
Total Accounts Receivable 3,035 2,867
Fuel 606 576
Materials and Supplies 1,183 1,046
Risk Management Assets 533 352
Regulatory Asset for Under-Recovered Fuel Costs 525 426
Prepayments and Other Current Assets 299 212
TOTAL CURRENT ASSETS 7,134 6,052
PROPERTY, PLANT AND EQUIPMENT    
Generation 26,707 28,388
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
Customer Deposits 515 507
Accrued Taxes 1,799 2,002
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
Asset Retirement Obligations 3,645 3,556
Employee Benefits and Pension Obligations 267 232
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    
Common Stock 3,546 3,523
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
APPALACHIAN POWER COMPANY    
CURRENT ASSETS    
Cash and Cash Equivalents 4 5
Restricted Cash 25 18
Advances to Affiliates 17 17
Accounts Receivable:    
Customers 223 171
Affiliated Companies 165 142
Accrued Unbilled Revenues 61 112
Allowance for Credit Losses (2) (2)
Total Accounts Receivable 447 423
Fuel 245 229
Materials and Supplies 157 139
Risk Management Assets 171 81
Regulatory Asset for Under-Recovered Fuel Costs 163 83
Prepayments and Other Current Assets 58 38
TOTAL CURRENT ASSETS 1,287 1,033
PROPERTY, PLANT AND EQUIPMENT    
Generation 5,688 7,886
Transmission 5,339 5,277
Distribution 6,074 5,938
Other Property, Plant and Equipment 1,218 1,175
Construction Work in Progress 878 802
Total Property, Plant and Equipment 19,197 21,078
Accumulated Depreciation and Amortization 5,135 6,365
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 14,062 14,713
OTHER NONCURRENT ASSETS    
Regulatory Assets 1,407 1,439
Securitized Assets 1,424 78
Employee Benefits and Pension Assets 257 251
Operating Lease Assets 97 95
Deferred Charges and Other Noncurrent Assets 175 183
TOTAL OTHER NONCURRENT ASSETS 3,360 2,046
TOTAL ASSETS 18,709 17,792
CURRENT LIABILITIES    
Advances from Affiliates 126 209
Long-term Debt Due Within One Year 1,315 1,131
Customer Deposits 99 94
Accrued Taxes 121 116
Obligations Under Operating Leases 14 15
Other Current Liabilities 297 271
TOTAL CURRENT LIABILITIES 2,586 2,384
NONCURRENT LIABILITIES    
Long-term Debt 6,120 5,128
Deferred Income Taxes 2,236 2,130
Regulatory Liabilities and Deferred Investment Tax Credits 1,064 1,111
Asset Retirement Obligations 741 707
Employee Benefits and Pension Obligations 26 26
Obligations Under Operating Leases 84 81
Deferred Credits and Other Noncurrent Liabilities 47 45
TOTAL NONCURRENT LIABILITIES 10,318 9,228
TOTAL LIABILITIES 12,904 11,612
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 260 260
Paid-in Capital 2,038 1,957
Retained Earnings 3,484 3,939
Accumulated Other Comprehensive Income (Loss) 23 24
TOTAL COMMON SHAREHOLDER’S EQUITY 5,805 6,180
TOTAL LIABILITIES AND EQUITY 18,709 17,792
APPALACHIAN POWER COMPANY | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 492 375
APPALACHIAN POWER COMPANY | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 122 $ 173