v3.26.1
CONDENSED BALANCE SHEETS - PSO - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 375 $ 197
Accounts Receivable:    
Customers 1,266 1,166
Miscellaneous 70 60
Total Accounts Receivable 3,035 2,867
Fuel 606 576
Materials and Supplies 1,183 1,046
Risk Management Assets 533 352
Accrued Tax Benefits 278 85
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
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
Risk Management Liabilities 152 132
Customer Deposits 515 507
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
Asset Retirement Obligations 3,645 3,556
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
PUBLIC SERVICE COMPANY OF OKLAHOMA    
CURRENT ASSETS    
Cash and Cash Equivalents 3 2
Accounts Receivable:    
Customers 103 109
Affiliated Companies 125 45
Miscellaneous 13 4
Total Accounts Receivable 241 158
Fuel 3 3
Materials and Supplies 140 119
Risk Management Assets 43 42
Accrued Tax Benefits 76 8
Regulatory Asset for Under-Recovered Fuel Costs 31 37
Prepayments and Other Current Assets 26 14
TOTAL CURRENT ASSETS 563 383
PROPERTY, PLANT AND EQUIPMENT    
Generation 4,118 4,365
Transmission 1,506 1,433
Distribution 4,130 3,987
Other Property, Plant and Equipment 1,302 1,292
Construction Work in Progress 864 635
Total Property, Plant and Equipment 11,920 11,712
Accumulated Depreciation and Amortization 2,498 2,748
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 9,422 8,964
OTHER NONCURRENT ASSETS    
Regulatory Assets 693 637
Employee Benefits and Pension Assets 96 95
Operating Lease Assets 122 126
Deferred Charges and Other Noncurrent Assets 50 13
TOTAL OTHER NONCURRENT ASSETS 961 871
TOTAL ASSETS 10,946 10,218
CURRENT LIABILITIES    
Advances from Affiliates 394 171
Long-term Debt Due Within One Year 51 51
Risk Management Liabilities 22 27
Customer Deposits 117 115
Accrued Taxes 86 37
Accrued Interest 66 67
Obligations Under Operating Leases 12 11
Other Current Liabilities 118 104
TOTAL CURRENT LIABILITIES 1,369 1,009
NONCURRENT LIABILITIES    
Long-term Debt 3,476 3,475
Deferred Income Taxes 1,156 1,113
Regulatory Liabilities and Deferred Investment Tax Credits 712 717
Asset Retirement Obligations 157 136
Obligations Under Operating Leases 119 122
Deferred Credits and Other Noncurrent Liabilities 162 33
TOTAL NONCURRENT LIABILITIES 5,782 5,596
TOTAL LIABILITIES 7,151 6,605
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 157 157
Paid-in Capital 1,831 1,718
Retained Earnings 1,805 1,736
Accumulated Other Comprehensive Income (Loss) 2 2
TOTAL COMMON SHAREHOLDER’S EQUITY 3,795 3,613
TOTAL LIABILITIES AND EQUITY 10,946 10,218
PUBLIC SERVICE COMPANY OF OKLAHOMA | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 367 339
PUBLIC SERVICE COMPANY OF OKLAHOMA | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 136 $ 87