CONDENSED CONSOLIDATED BALANCE SHEETS - APCo - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and Cash Equivalents	$ 1,067.7	$ 202.9
Restricted Cash for Securitized Funding	39.1	43.1
Accounts Receivable:
Customers	1,141.4	1,100.1
Accrued Unbilled Revenues	355.0	367.0
Miscellaneous	63.2	64.1
Allowance for Credit Losses	(62.7)	(60.8)
Total Accounts Receivable	2,833.1	2,631.9
Fuel	599.0	748.9
Materials and Supplies	986.7	966.2
Risk Management Assets	407.9	210.4
Regulatory Asset for Under-Recovered Fuel Costs	380.6	445.9
Prepayments and Other Current Assets	260.8	285.9
TOTAL CURRENT ASSETS	6,860.0	5,788.8
PROPERTY, PLANT AND EQUIPMENT
Generation	26,442.2	24,829.7
Transmission	40,987.3	38,871.9
Distribution	32,618.2	31,061.9
Other Property, Plant and Equipment	8,385.1	7,491.6
Construction Work in Progress	7,456.7	6,346.9
Total Property, Plant and Equipment	115,889.5	108,602.0
Accumulated Depreciation and Amortization	27,871.8	26,186.4
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	88,017.7	82,415.6
OTHER NONCURRENT ASSETS
Regulatory Assets	4,950.2	5,129.2
Securitized Assets	952.9	554.3
Operating Lease Assets	578.2	580.1
Deferred Charges and Other Noncurrent Assets	3,718.5	3,873.3
TOTAL OTHER NONCURRENT ASSETS	15,375.8	14,873.6
TOTAL ASSETS	110,253.5	103,078.0
CURRENT LIABILITIES
Accounts Payable	2,806.7	2,637.6
Long-term Debt Due Within One Year	1,898.6	3,335.0
Customer Deposits	498.5	454.7
Accrued Taxes	1,257.2	1,922.1
Accrued Interest	606.4	453.3
Obligations Under Operating Leases	98.4	91.9
Other Current Liabilities	1,551.4	1,490.9
TOTAL CURRENT LIABILITIES	9,997.6	13,009.3
NONCURRENT LIABILITIES
Long-term Debt	44,239.0	39,307.8
Deferred Income Taxes	10,713.9	9,972.4
Regulatory Liabilities and Deferred Investment Tax Credits	8,320.0	8,344.0
Asset Retirement Obligations	3,647.1	3,530.6
Employee Benefits and Pension Obligations	268.1	360.7
Obligations Under Operating Leases	496.3	504.3
Deferred Credits and Other Noncurrent Liabilities	844.6	800.6
TOTAL NONCURRENT LIABILITIES	68,715.9	63,044.8
TOTAL LIABILITIES	78,713.5	76,054.1
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Common Stock	3,486.0	3,471.6
Paid-in Capital	11,561.8	9,606.1
Retained Earnings	15,369.3	13,869.2
Accumulated Other Comprehensive Income (Loss)	(27.8)	(3.1)
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY	30,389.3	26,943.8
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY	110,253.5	103,078.0
APCo
CURRENT ASSETS
Cash and Cash Equivalents	3.9	3.9
Restricted Cash for Securitized Funding	10.8	16.2
Advances to Affiliates	49.6	17.7
Accounts Receivable:
Customers	194.5	185.7
Accrued Unbilled Revenues	45.5	93.1
Miscellaneous	0.3	0.3
Allowance for Credit Losses	(2.1)	(2.0)
Total Accounts Receivable	358.6	387.6
Fuel	268.1	308.0
Materials and Supplies	134.8	131.7
Risk Management Assets	92.0	35.7
Regulatory Asset for Under-Recovered Fuel Costs	79.3	148.1
Prepayments and Other Current Assets	37.9	46.0
TOTAL CURRENT ASSETS	1,035.0	1,094.9
PROPERTY, PLANT AND EQUIPMENT
Generation	7,282.2	7,272.6
Transmission	5,140.2	5,001.5
Distribution	5,827.3	5,568.5
Other Property, Plant and Equipment	1,141.4	1,062.9
Construction Work in Progress	845.1	742.6
Total Property, Plant and Equipment	20,236.2	19,648.1
Accumulated Depreciation and Amortization	6,297.0	6,035.6
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	13,939.2	13,612.5
OTHER NONCURRENT ASSETS
Regulatory Assets	1,498.9	1,366.0
Securitized Assets	85.1	106.2
Employee Benefits and Pension Assets	215.5	203.9
Operating Lease Assets	68.0	67.0
Deferred Charges and Other Noncurrent Assets	151.4	215.4
TOTAL OTHER NONCURRENT ASSETS	2,018.9	1,958.5
TOTAL ASSETS	16,993.1	16,665.9
CURRENT LIABILITIES
Accounts Payable	418.6	427.2
Long-term Debt Due Within One Year	206.2	798.6
Customer Deposits	95.4	86.6
Accrued Taxes	96.9	168.8
Accrued Interest	91.6	63.7
Obligations Under Operating Leases	16.0	13.7
Other Current Liabilities	140.4	166.0
TOTAL CURRENT LIABILITIES	1,278.3	2,025.5
NONCURRENT LIABILITIES
Long-term Debt	5,551.9	4,861.7
Deferred Income Taxes	2,115.5	2,033.5
Regulatory Liabilities and Deferred Investment Tax Credits	1,084.6	1,115.8
Asset Retirement Obligations	789.8	767.4
Employee Benefits and Pension Obligations	27.8	29.6
Obligations Under Operating Leases	52.6	54.0
Deferred Credits and Other Noncurrent Liabilities	34.4	30.4
TOTAL NONCURRENT LIABILITIES	9,656.6	8,892.4
TOTAL LIABILITIES	10,934.9	10,917.9
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Common Stock	260.4	260.4
Paid-in Capital	1,952.6	1,944.1
Retained Earnings	3,834.8	3,532.2
Accumulated Other Comprehensive Income (Loss)	10.4	11.3
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY	6,058.2	5,748.0
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY	16,993.1	16,665.9
APCo | Affiliated Entity
Accounts Receivable:
Affiliated Companies	120.4	110.5
CURRENT LIABILITIES
Advances from Affiliates	0.0	95.0
Accounts Payable	$ 213.2	$ 205.9