v3.26.3
CONDENSED CONSOLIDATED BALANCE SHEETS - OPCo - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and Cash Equivalents $ 418 $ 197
Accounts Receivable:    
Customers 1,421 1,166
Accrued Unbilled Revenues 422 421
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
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
Risk Management Liabilities 209 132
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
Long-term Risk Management Liabilities 214 178
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    
Common Stock 3,547 3,523
Paid-in Capital 12,520 12,138
Retained Earnings 16,657 15,441
TOTAL COMMON SHAREHOLDER’S EQUITY 32,775 31,138
TOTAL LIABILITIES AND EQUITY 125,695 114,460
OHIO POWER COMPANY    
CURRENT ASSETS    
Cash and Cash Equivalents 7 5
Accounts Receivable:    
Customers 183 109
Affiliated Companies 126 132
Accrued Unbilled Revenues 3 29
Total Accounts Receivable 312 270
Materials and Supplies 220 191
Prepayments and Other Current Assets 31 25
TOTAL CURRENT ASSETS 570 491
PROPERTY, PLANT AND EQUIPMENT    
Transmission 4,069 3,916
Distribution 8,237 7,661
Other Property, Plant and Equipment 1,288 1,289
Construction Work in Progress 863 811
Total Property, Plant and Equipment 14,457 13,677
Accumulated Depreciation and Amortization 3,059 2,993
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET 11,398 10,684
OTHER NONCURRENT ASSETS    
Regulatory Assets 362 326
Operating Lease Assets 46 50
Deferred Charges and Other Noncurrent Assets 340 659
TOTAL OTHER NONCURRENT ASSETS 748 1,035
TOTAL ASSETS 12,716 12,210
CURRENT LIABILITIES    
Advances from Affiliates 240 79
Risk Management Liabilities 3 5
Customer Deposits 123 108
Accrued Taxes 458 858
Obligations Under Operating Leases 13 13
Other Current Liabilities 304 239
TOTAL CURRENT LIABILITIES 1,905 1,890
NONCURRENT LIABILITIES    
Long-term Debt 3,721 3,718
Long-term Risk Management Liabilities 19 28
Deferred Income Taxes 1,377 1,268
Regulatory Liabilities and Deferred Investment Tax Credits 876 893
Obligations Under Operating Leases 33 37
Deferred Credits and Other Noncurrent Liabilities 339 225
TOTAL NONCURRENT LIABILITIES 6,365 6,169
TOTAL LIABILITIES 8,270 8,059
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY    
Common Stock 321 321
Paid-in Capital 1,139 1,030
Retained Earnings 2,986 2,800
TOTAL COMMON SHAREHOLDER’S EQUITY 4,446 4,151
TOTAL LIABILITIES AND EQUITY 12,716 12,210
OHIO POWER COMPANY | Nonrelated Party    
CURRENT LIABILITIES    
Accounts Payable 542 391
OHIO POWER COMPANY | Affiliated Entity    
CURRENT LIABILITIES    
Accounts Payable $ 222 $ 197