v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - AEP Texas - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Restricted Cash $ 89 $ 71
Accounts Receivable:    
Customers 1,421 1,166
Accrued Unbilled Revenues 422 421
Miscellaneous 101 60
Total Accounts Receivable 3,490 2,867
Materials and Supplies 1,287 1,046
Prepayments and Other Current Assets 362 212
TOTAL CURRENT ASSETS 7,840 6,052
PROPERTY, PLANT AND EQUIPMENT    
Transmission 44,509 42,557
Distribution 35,251 33,364
Other Property, Plant and Equipment 9,843 8,635
Construction Work in Progress 10,907 7,635
Total Property, Plant and Equipment 128,184 120,579
Accumulated Depreciation and Amortization 27,956 28,205
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 100,228 92,374
OTHER NONCURRENT ASSETS    
Regulatory Assets 4,967 4,804
Securitized Assets 2,221 933
Operating Lease Assets 660 661
Deferred Charges and Other Noncurrent Assets 4,204 4,402
TOTAL OTHER NONCURRENT ASSETS 17,627 16,034
TOTAL ASSETS 125,695 114,460
CURRENT LIABILITIES    
Accounts Payable 3,944 3,429
Long-term Debt Due Within One Year 2,677 3,194
Accrued Taxes 1,363 2,002
Accrued Interest 719 544
Obligations Under Operating Leases 95 100
Other Current Liabilities 3,634 1,898
TOTAL CURRENT LIABILITIES 15,286 13,314
NONCURRENT LIABILITIES    
Long-term Debt 49,864 44,128
Deferred Income Taxes 11,721 10,951
Regulatory Liabilities and Deferred Investment Tax Credits 8,748 8,362
Obligations Under Operating Leases 584 578
Deferred Credits and Other Noncurrent Liabilities 1,228 905
TOTAL NONCURRENT LIABILITIES 76,290 68,890
TOTAL LIABILITIES 91,576 82,204
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Paid-in Capital 12,520 12,138
Retained Earnings 16,657 15,441
Accumulated Other Comprehensive Income (Loss) 51 36
TOTAL COMMON SHAREHOLDER’S EQUITY 32,775 31,138
TOTAL LIABILITIES AND EQUITY 125,695 114,460
AEP Texas    
CURRENT ASSETS    
Restricted Cash 9 14
Advances to Affiliates 389 7
Accounts Receivable:    
Customers 298 189
Affiliated Companies 14 15
Accrued Unbilled Revenues 130 101
Miscellaneous 1 0
Total Accounts Receivable 443 305
Materials and Supplies 240 168
Prepayments and Other Current Assets 27 15
TOTAL CURRENT ASSETS 1,108 509
PROPERTY, PLANT AND EQUIPMENT    
Transmission 8,584 8,229
Distribution 7,382 6,835
Other Property, Plant and Equipment 1,305 1,239
Construction Work in Progress 2,577 1,766
Total Property, Plant and Equipment 19,848 18,069
Accumulated Depreciation and Amortization 2,294 2,205
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 17,554 15,864
OTHER NONCURRENT ASSETS    
Regulatory Assets 470 402
Securitized Assets 76 94
Operating Lease Assets 47 52
Deferred Charges and Other Noncurrent Assets 203 154
TOTAL OTHER NONCURRENT ASSETS 796 702
TOTAL ASSETS 19,458 17,075
CURRENT LIABILITIES    
Advances from Affiliates 0 188
Long-term Debt Due Within One Year 26 75
Accrued Taxes 154 118
Accrued Interest 136 64
Security Deposits 1,151 87
Contribution in Aid of Construction Advances 247 67
Obligations Under Operating Leases 13 14
Other Current Liabilities 93 93
TOTAL CURRENT LIABILITIES 2,495 1,418
NONCURRENT LIABILITIES    
Long-term Debt 7,660 6,941
Deferred Income Taxes 1,560 1,430
Regulatory Liabilities and Deferred Investment Tax Credits 1,257 1,286
Obligations Under Operating Leases 36 40
Deferred Credits and Other Noncurrent Liabilities 220 134
TOTAL NONCURRENT LIABILITIES 10,733 9,831
TOTAL LIABILITIES 13,228 11,249
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Paid-in Capital 2,546 2,546
Retained Earnings 3,688 3,283
Accumulated Other Comprehensive Income (Loss) (4) (3)
TOTAL COMMON SHAREHOLDER’S EQUITY 6,230 5,826
TOTAL LIABILITIES AND EQUITY 19,458 17,075
AEP Texas | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 630 652
AEP Texas | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 45 $ 60