v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - OPCo - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 375 $ 197
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
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
Risk Management Liabilities 152 132
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
Long-term Risk Management Liabilities 175 178
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    
Common Stock 3,546 3,523
Paid-in Capital 12,499 12,138
Retained Earnings 15,989 15,441
TOTAL COMMON SHAREHOLDER’S EQUITY 32,079 31,138
TOTAL LIABILITIES AND EQUITY 121,570 114,460
OHIO POWER COMPANY    
CURRENT ASSETS    
Cash and Cash Equivalents 5 5
Accounts Receivable:    
Customers 153 109
Affiliated Companies 134 132
Accrued Unbilled Revenues 7 29
Total Accounts Receivable 294 270
Materials and Supplies 203 191
Prepayments and Other Current Assets 15 25
TOTAL CURRENT ASSETS 517 491
PROPERTY, PLANT AND EQUIPMENT    
Transmission 4,009 3,916
Distribution 8,057 7,661
Other Property, Plant and Equipment 1,307 1,289
Construction Work in Progress 808 811
Total Property, Plant and Equipment 14,181 13,677
Accumulated Depreciation and Amortization 3,048 2,993
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 11,133 10,684
OTHER NONCURRENT ASSETS    
Regulatory Assets 389 326
Operating Lease Assets 46 50
Deferred Charges and Other Noncurrent Assets 446 659
TOTAL OTHER NONCURRENT ASSETS 881 1,035
TOTAL ASSETS 12,531 12,210
CURRENT LIABILITIES    
Advances from Affiliates 64 79
Risk Management Liabilities 4 5
Customer Deposits 107 108
Accrued Taxes 663 858
Obligations Under Operating Leases 13 13
Other Current Liabilities 222 239
TOTAL CURRENT LIABILITIES 1,693 1,890
NONCURRENT LIABILITIES    
Long-term Debt 3,720 3,718
Long-term Risk Management Liabilities 24 28
Deferred Income Taxes 1,359 1,268
Regulatory Liabilities and Deferred Investment Tax Credits 878 893
Obligations Under Operating Leases 33 37
Deferred Credits and Other Noncurrent Liabilities 345 225
TOTAL NONCURRENT LIABILITIES 6,359 6,169
TOTAL LIABILITIES 8,052 8,059
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 321 321
Paid-in Capital 1,134 1,030
Retained Earnings 3,024 2,800
TOTAL COMMON SHAREHOLDER’S EQUITY 4,479 4,151
TOTAL LIABILITIES AND EQUITY 12,531 12,210
OHIO POWER COMPANY | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 426 391
OHIO POWER COMPANY | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 194 $ 197