v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - APCo - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 418 $ 197
Restricted Cash 89 71
Accounts Receivable:    
Customers 1,421 1,166
Accrued Unbilled Revenues 422 421
Allowance for Credit Losses (54) (52)
Total Accounts Receivable 3,490 2,867
Fuel 506 576
Materials and Supplies 1,287 1,046
Risk Management Assets 588 352
Regulatory Asset for Under-Recovered Fuel Costs 504 426
Prepayments and Other Current Assets 362 212
TOTAL CURRENT ASSETS 7,840 6,052
PROPERTY, PLANT AND EQUIPMENT    
Generation 27,674 28,388
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
Customer Deposits 770 507
Accrued Taxes 1,363 2,002
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
Asset Retirement Obligations 3,669 3,556
Employee Benefits and Pension Obligations 262 232
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    
Common Stock 3,547 3,523
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
APPALACHIAN POWER COMPANY    
CURRENT ASSETS    
Cash and Cash Equivalents 4 5
Restricted Cash 60 18
Advances to Affiliates 45 17
Accounts Receivable:    
Customers 184 171
Affiliated Companies 176 142
Accrued Unbilled Revenues 57 112
Allowance for Credit Losses (2) (2)
Total Accounts Receivable 415 423
Fuel 191 229
Materials and Supplies 171 139
Risk Management Assets 188 81
Regulatory Asset for Under-Recovered Fuel Costs 160 83
Prepayments and Other Current Assets 92 38
TOTAL CURRENT ASSETS 1,326 1,033
PROPERTY, PLANT AND EQUIPMENT    
Generation 5,724 7,886
Transmission 5,431 5,277
Distribution 6,119 5,938
Other Property, Plant and Equipment 1,254 1,175
Construction Work in Progress 851 802
Total Property, Plant and Equipment 19,379 21,078
Accumulated Depreciation and Amortization 5,195 6,365
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 14,184 14,713
OTHER NONCURRENT ASSETS    
Regulatory Assets 1,378 1,439
Securitized Assets 1,406 78
Employee Benefits and Pension Assets 260 251
Operating Lease Assets 101 95
Deferred Charges and Other Noncurrent Assets 177 183
TOTAL OTHER NONCURRENT ASSETS 3,322 2,046
TOTAL ASSETS 18,832 17,792
CURRENT LIABILITIES    
Advances from Affiliates 0 209
Long-term Debt Due Within One Year 1,316 1,131
Customer Deposits 98 94
Accrued Taxes 89 116
Obligations Under Operating Leases 16 15
Other Current Liabilities 370 271
TOTAL CURRENT LIABILITIES 2,540 2,384
NONCURRENT LIABILITIES    
Long-term Debt 6,106 5,128
Deferred Income Taxes 2,268 2,130
Regulatory Liabilities and Deferred Investment Tax Credits 1,092 1,111
Asset Retirement Obligations 744 707
Employee Benefits and Pension Obligations 26 26
Obligations Under Operating Leases 87 81
Deferred Credits and Other Noncurrent Liabilities 40 45
TOTAL NONCURRENT LIABILITIES 10,363 9,228
TOTAL LIABILITIES 12,903 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 3,608 3,939
Accumulated Other Comprehensive Income (Loss) 23 24
TOTAL COMMON SHAREHOLDER’S EQUITY 5,929 6,180
TOTAL LIABILITIES AND EQUITY 18,832 17,792
APPALACHIAN POWER COMPANY | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 493 375
APPALACHIAN POWER COMPANY | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 158 $ 173