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SCHEDULE I - CONDENSED FINANCIAL INFORMATION OF PARENT COMPANY - AEPTCO PARENT (Tables)
 12 Months Ended
Dec. 31, 2024
Condensed Financial Statements, Captions [Line Items]  
CONDENSED STATEMENTS OF INCOME
CONDENSED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
For the Years Ended December 31, 2024, 2023 and 2022
(in millions, except per-share and share amounts)
 Years Ended December 31,
 202420232022
REVENUES   
Revenues$5.5 $5.1 $5.1 
TOTAL REVENUES5.5 5.1 5.1 
EXPENSES   
Other Operation66.0 16.7 84.9 
Loss on the Expected Sale of the Kentucky Operations— — 363.3 
Depreciation and Amortization0.6 0.5 0.4 
Amortization of KPCo Basis Difference(21.4)(16.5)— 
TOTAL EXPENSES45.2 0.7 448.6 
OPERATING INCOME (LOSS)(39.7)4.4 (443.5)
Other Income (Expense):   
Interest Income107.9 181.0 80.3 
Interest Expense(531.8)(526.3)(275.5)
LOSS BEFORE INCOME TAX BENEFIT AND EQUITY EARNINGS(463.6)(340.9)(638.7)
Income Tax Benefit(150.5)(80.8)(136.3)
Equity Earnings of Unconsolidated Subsidiaries3,280.2 2,468.2 2,809.6 
NET INCOME2,967.1 2,208.1 2,307.2 
Other Comprehensive Income (Loss)52.4 (139.2)(101.1)
TOTAL COMPREHENSIVE INCOME$3,019.5 $2,068.9 $2,206.1 
WEIGHTED AVERAGE NUMBER OF BASIC AEP COMMON SHARES OUTSTANDING530,092,672 518,903,682 511,841,946 
TOTAL BASIC EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS$5.60 $4.26 $4.51 
WEIGHTED AVERAGE NUMBER OF DILUTED AEP COMMON SHARES OUTSTANDING531,337,703 520,206,258 513,484,609 
TOTAL DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO AEP COMMON SHAREHOLDERS$5.58 $4.24 $4.49 
See Condensed Notes to Condensed Financial Information beginning on page S-6.
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS
ASSETS
December 31, 2024 and 2023
(in millions)
 December 31,
 20242023
CURRENT ASSETS  
Cash and Cash Equivalents$87.5 $197.8 
Other Temporary Investments2.9 2.6 
Advances to Affiliates1,944.6 2,004.5 
Accounts Receivable:
Affiliated Companies32.5 47.7 
General— 2.7 
Total Accounts Receivable32.5 50.4 
Accrued Tax Benefits93.7 77.7 
Prepayments and Other Current Assets11.6 11.6 
TOTAL CURRENT ASSETS2,172.8 2,344.6 
PROPERTY, PLANT AND EQUIPMENT  
General3.2 3.1 
Total Property, Plant and Equipment3.2 3.1 
Accumulated Depreciation, Depletion and Amortization1.7 1.4 
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET1.5 1.7 
OTHER NONCURRENT ASSETS  
Investments in Unconsolidated Subsidiaries35,306.2 33,598.6 
Affiliated Notes Receivable105.0 295.0 
Deferred Charges and Other Noncurrent Assets184.6 137.0 
TOTAL OTHER NONCURRENT ASSETS35,595.8 34,030.6 
TOTAL ASSETS$37,770.1 $36,376.9 
See Condensed Notes to Condensed Financial Information beginning on page S-6.
CONDENSED BALANCE SHEETS
LIABILITIES AND EQUITY
December 31, 2024 and 2023
(dollars in millions)
December 31,
 20242023
CURRENT LIABILITIES 
Advances from Affiliates$506.6 $728.3 
Accounts Payable:
General4.7 11.1 
Affiliated Companies2.2 12.3 
Short-term Debt1,618.3 1,937.9 
Long-term Debt Due Within One Year – Nonaffiliated1,281.5 1,104.0 
Other Current Liabilities202.4 137.7 
TOTAL CURRENT LIABILITIES3,615.7 3,931.3 
NONCURRENT LIABILITIES  
Long-term Debt – Nonaffiliated7,124.3 7,086.9 
Deferred Credits and Other Noncurrent Liabilities48.5 69.5 
TOTAL NONCURRENT LIABILITIES7,172.8 7,156.4 
TOTAL LIABILITIES10,788.5 11,087.7 
MEZZANINE EQUITY
Contingently Redeemable Performance Share Awards37.8 42.5 
COMMON SHAREHOLDERS’ EQUITY  
Common Stock – Par Value – $6.50 Per Share:
  
 20242023  
Shares Authorized600,000,000600,000,000  
Shares Issued534,094,530527,369,157  
(1,186,815 and 1,184,572 Shares were Held in Treasury as of December 31, 2024 and 2023, Respectively)
3,471.6 3,427.9 
Paid-in Capital9,606.1 9,073.9 
Retained Earnings13,869.2 12,800.4 
Accumulated Other Comprehensive Income (Loss)(3.1)(55.5)
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY26,943.8 25,246.7 
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY$37,770.1 $36,376.9 

See Condensed Notes to Condensed Financial Information beginning on page S-6.
CONDENSED STATEMENTS OF CASH FLOWS
CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024, 2023 and 2022
(in millions)
 Years Ended December 31,
 202420232022
OPERATING ACTIVITIES   
Net Income$2,967.1 $2,208.1 $2,307.2 
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:
Depreciation and Amortization0.6 0.5 0.4 
Amortization of KPCo Basis Difference(21.4)(16.5)— 
Deferred Income Taxes(53.3)59.7 (63.3)
Loss on the Expected Sale of the Kentucky Operations— — 363.3 
Equity Earnings of Unconsolidated Subsidiaries(3,280.2)(2,468.2)(2,809.6)
Cash Dividends Received from Unconsolidated Subsidiaries1,143.4 686.3 603.9 
Change in Other Noncurrent Assets4.9 (28.4)(5.0)
Change in Other Noncurrent Liabilities70.8 92.3 83.5 
Changes in Certain Components of Working Capital:
Accounts Receivable, Net17.9 28.7 (61.0)
Accounts Payable(16.5)(15.9)1.1 
Other Current Assets— (3.6)(6.0)
Other Current Liabilities55.3 (14.5)(76.6)
Net Cash Flows from Operating Activities888.6 528.5 337.9 
INVESTING ACTIVITIES   
Construction Expenditures(0.6)(0.8)(0.7)
Change in Advances to Affiliates, Net59.9 2,007.6 (1,411.3)
Capital Contributions to Unconsolidated Subsidiaries(399.9)(789.9)(568.3)
Return of Capital Contributions from Unconsolidated Subsidiaries898.9 56.6 24.5 
Issuance of Notes Receivable to Unconsolidated Subsidiaries— (210.0)(20.0)
Repayment of Notes Receivable from Unconsolidated Subsidiaries190.0 — — 
Other Investing Activities— — (0.2)
Net Cash Flows from (Used for) Investing Activities748.3 1,063.5 (1,976.0)
FINANCING ACTIVITIES   
Issuance of Common Stock, Net552.1 999.6 826.5 
Issuance of Long-term Debt1,285.4 1,829.8 986.6 
Issuance of Short-term Debt with Original Maturities Greater Than 90 Days723.8 1,069.9 833.9 
Change in Short-term Debt with Original Maturities Less Than 90 Day, Net(172.3)(1,365.4)1,650.4 
Retirement of Long-term Debt(1,104.0)(1,050.0)(300.0)
Change in Advances from Affiliates, Net(221.7)(191.6)336.9 
Redemption of Short-term Debt with Original Maturities Greater Than 90 Days(871.1)(1,128.8)(986.1)
Dividends Paid on Common Stock(1,898.3)(1,752.3)(1,628.7)
Other Financing Activities(41.1)(59.6)(74.5)
Net Cash Flows from (Used for) Financing Activities(1,747.2)(1,648.4)1,645.0 
Net Increase (Decrease) in Cash and Cash Equivalents (110.3)(56.4)6.9 
Cash and Cash Equivalents at Beginning of Period197.8 254.2 247.3 
Cash and Cash Equivalents at End of Period$87.5 $197.8 $254.2 
See Condensed Notes to Condensed Financial Information beginning on page S-6.
AEP TRANSMISSION COMPANY, LLC | Parent Company  
Condensed Financial Statements, Captions [Line Items]  
CONDENSED STATEMENTS OF INCOME
CONDENSED STATEMENTS OF INCOME
For the Years Ended December 31, 2024, 2023 and 2022
(in millions)
 Years Ended December 31,
 202420232022
EXPENSES   
Other Operation$1.7 $0.2 $0.7 
TOTAL EXPENSES1.7 0.2 0.7 
OPERATING LOSS(1.7)(0.2)(0.7)
Other Income (Expense):   
Interest Income - Affiliated241.1 218.0 177.8 
Interest Expense(238.7)(215.1)(177.1)
INCOME BEFORE INCOME TAX EXPENSE AND EQUITY EARNINGS OF UNCONSOLIDATED SUBSIDIARIES0.7 2.7 — 
Income Tax Expense0.1 1.4 — 
Equity Earnings of Unconsolidated Subsidiaries687.8 612.9 594.2 
NET INCOME$688.4 $614.2 $594.2 
See Condensed Notes to Condensed Financial Information beginning on page S-15.
CONDENSED BALANCE SHEETS
CONDENSED BALANCE SHEETS
ASSETS
December 31, 2024 and 2023
(in millions)
 December 31,
 20242023
CURRENT ASSETS  
Advances to Affiliates$20.4 $— 
Accounts Receivable:  
General— 28.1 
Affiliated Companies61.7 44.0 
Total Accounts Receivable61.7 72.1 
Notes Receivable - Affiliated90.0 95.0 
TOTAL CURRENT ASSETS172.1 167.1 
OTHER NONCURRENT ASSETS  
Notes Receivable - Affiliated8,498.1 5,319.4 
Investments in Unconsolidated Subsidiaries4,272.8 6,476.2 
Deferred Charges and Other Noncurrent Assets0.3 — 
TOTAL OTHER NONCURRENT ASSETS12,771.2 11,795.6 
TOTAL ASSETS$12,943.3 $11,962.7 
See Condensed Notes to Condensed Financial Information beginning on page S-15.
CONDENSED BALANCE SHEETS
LIABILITIES AND EQUITY
December 31, 2024 and 2023
(in millions)
December 31,
 20242023
CURRENT LIABILITIES 
Advances from Affiliates$— $42.7 
Accounts Payable:  
General69.4 35.4 
Affiliated Companies95.1 81.5 
Long-term Debt Due Within One Year – Nonaffiliated90.0 95.0 
Accrued Interest45.0 39.6 
Other Current Liabilities14.8 15.8 
TOTAL CURRENT LIABILITIES314.3 310.0 
NONCURRENT LIABILITIES  
Long-term Debt – Nonaffiliated5,678.1 5,319.4 
TOTAL NONCURRENT LIABILITIES5,678.1 5,319.4 
TOTAL LIABILITIES5,992.4 5,629.4 
MEMBER’S EQUITY  
Paid-in Capital3,100.6 3,043.4 
Retained Earnings3,850.3 3,289.9 
TOTAL MEMBER’S EQUITY6,950.9 6,333.3 
TOTAL LIABILITIES AND MEMBER’S EQUITY$12,943.3 $11,962.7 
See Condensed Notes to Condensed Financial Information beginning on page S-15.
CONDENSED STATEMENTS OF CASH FLOWS
CONDENSED STATEMENTS OF CASH FLOWS
For the Years Ended December 31, 2024, 2023 and 2022
(in millions)
 Years Ended December 31,
 202420232022
OPERATING ACTIVITIES   
Net Income$688.4 $614.2 $594.2 
Adjustments to Reconcile Net Income to Net Cash Flows from (Used for) Operating Activities:   
Equity Earnings of Unconsolidated Subsidiaries(687.8)(612.9)(594.2)
Change in Other Noncurrent Assets— 3.8 — 
Change in Other Noncurrent Liabilities4.0 11.5 9.1 
Changes in Certain Components of Working Capital:   
Accounts Receivable, Net10.4 (37.5)(2.2)
Accounts Payable12.9 36.6 (0.6)
Accrued Interest5.4 10.8 — 
Other Current Liabilities34.0 (30.5)(0.8)
Net Cash Flows from (Used for) Operating Activities67.3 (4.0)5.5 
INVESTING ACTIVITIES   
Change in Advances to Affiliates, Net(20.4)— 12.7 
Repayment of Notes Receivable from Affiliated Companies95.0 60.0 104.0 
Issuance of Notes Receivable to Affiliated Companies(450.0)(700.0)(550.0)
Return of Capital Contributions from Unconsolidated Subsidiaries132.8 183.7 130.0 
Capital Contributions to Subsidiaries(61.7)(29.7)(69.5)
Net Cash Flows Used for Investing Activities(304.3)(486.0)(372.8)
FINANCING ACTIVITIES   
Capital Contributions from Member61.7 29.7 72.7 
Return of Capital to Member(4.5)(8.6)— 
Issuance of Long-term Debt – Nonaffiliated445.7 689.0 540.8 
Retirement of Long-term Debt – Nonaffiliated(95.0)(60.0)(104.0)
Change in Advances from Affiliates, Net(42.7)14.9 27.8 
Dividends Paid to Member(128.0)(175.0)(170.0)
Other Financing Activities(0.2)— — 
Net Cash Flows from Financing Activities237.0 490.0 367.3 
Net Change in Cash and Cash Equivalents— — — 
Cash and Cash Equivalents at Beginning of Period— — — 
Cash and Cash Equivalents at End of Period$— $— $— 
See Condensed Notes to Condensed Financial Information beginning on page S-15.