v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - AEP Transmission Holdco - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Accounts Receivable:    
Customers $ 1,421 $ 1,166
Total Accounts Receivable 3,490 2,867
Prepayments and Other Current Assets 362 212
TOTAL CURRENT ASSETS 7,840 6,052
TRANSMISSION PROPERTY    
Transmission Property 44,509 42,557
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
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 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)
MEMBER’S EQUITY    
Retained Earnings 16,657 15,441
TOTAL LIABILITIES AND EQUITY 125,695 114,460
AEP TRANSMISSION COMPANY, LLC    
CURRENT ASSETS    
Advances to Affiliates 193 71
Accounts Receivable:    
Customers 127 94
Affiliated Companies 161 153
Total Accounts Receivable 288 247
Prepayments and Other Current Assets 20 4
TOTAL CURRENT ASSETS 501 322
TRANSMISSION PROPERTY    
Transmission Property 17,481 16,542
Other Property, Plant and Equipment 597 571
Construction Work in Progress 2,791 2,005
Total Property, Plant and Equipment 20,869 19,118
Accumulated Depreciation and Amortization 2,165 1,915
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 18,704 17,203
OTHER NONCURRENT ASSETS    
Regulatory Assets 87 73
Deferred Property Taxes 100 326
Deferred Charges and Other Noncurrent Assets 77 75
TOTAL OTHER NONCURRENT ASSETS 264 474
TOTAL ASSETS 19,469 17,999
CURRENT LIABILITIES    
Advances from Affiliates 269 143
Long-term Debt Due Within One Year 425 425
Accrued Taxes 374 650
Accrued Interest 84 46
Contribution in Aid of Construction Advances 211 32
Obligations Under Operating Leases 1 1
Other Current Liabilities 15 9
TOTAL CURRENT LIABILITIES 2,045 1,947
NONCURRENT LIABILITIES    
Long-term Debt 6,412 6,174
Deferred Income Taxes 1,548 1,481
Regulatory Liabilities 815 708
Obligations Under Operating Leases 1 2
Deferred Credits and Other Noncurrent Liabilities 29 44
TOTAL NONCURRENT LIABILITIES 8,805 8,409
TOTAL LIABILITIES 10,850 10,356
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
MEMBER’S EQUITY    
Paid-in Capital 5,348 4,962
Retained Earnings 2,081 1,651
TOTAL MEMBER’S EQUITY 7,429 6,613
Noncontrolling Interest 1,190 1,030
TOTAL EQUITY 8,619 7,643
TOTAL LIABILITIES AND EQUITY 19,469 17,999
AEP TRANSMISSION COMPANY, LLC | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 500 477
AEP TRANSMISSION COMPANY, LLC | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 166 $ 164