CONDENSED CONSOLIDATED BALANCE SHEETS - I&M - USD ($) $ in Millions	Sep. 30, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and Cash Equivalents	$ 1,067.7	$ 202.9
Accounts Receivable:
Customers	1,141.4	1,100.1
Accrued Unbilled Revenues	355.0	367.0
Miscellaneous	63.2	64.1
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 (Including Coal Mining and Nuclear Fuel)	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
Spent Nuclear Fuel and Decommissioning Trusts	4,858.9	4,395.1
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
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
I&M
CURRENT ASSETS
Cash and Cash Equivalents	1.8	1.5
Accounts Receivable:
Customers	67.6	58.7
Accrued Unbilled Revenues	14.1	21.4
Miscellaneous	0.6	6.3
Total Accounts Receivable	166.9	165.5
Fuel	47.9	83.4
Materials and Supplies	208.8	212.2
Risk Management Assets	10.9	18.4
Regulatory Asset for Under-Recovered Fuel Costs	0.0	10.6
Prepayments and Other Current Assets	53.0	52.0
TOTAL CURRENT ASSETS	646.5	543.6
PROPERTY, PLANT AND EQUIPMENT
Generation	5,466.5	5,503.0
Transmission	2,010.4	1,957.8
Distribution	3,752.5	3,535.0
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel)	1,035.8	992.4
Construction Work in Progress	416.9	334.9
Total Property, Plant and Equipment	12,682.1	12,323.1
Accumulated Depreciation and Amortization	4,839.0	4,643.8
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	7,843.1	7,679.3
OTHER NONCURRENT ASSETS
Regulatory Assets	620.4	548.1
Spent Nuclear Fuel and Decommissioning Trusts	4,858.9	4,395.1
Operating Lease Assets	56.1	51.5
Deferred Charges and Other Noncurrent Assets	286.9	317.9
TOTAL OTHER NONCURRENT ASSETS	5,822.3	5,312.6
TOTAL ASSETS	14,311.9	13,535.5
CURRENT LIABILITIES
Accounts Payable	211.2	202.2
Long-term Debt Due Within One Year	86.3	269.2
Customer Deposits	54.7	59.1
Accrued Taxes	82.9	102.2
Accrued Interest	38.7	41.3
Obligations Under Operating Leases	16.4	12.3
Regulatory Liability for Over-Recovered Fuel Costs	21.1	10.3
Other Current Liabilities	200.3	149.3
TOTAL CURRENT LIABILITIES	855.6	1,071.2
NONCURRENT LIABILITIES
Long-term Debt	3,398.8	3,225.1
Deferred Income Taxes	1,179.7	1,175.8
Regulatory Liabilities and Deferred Investment Tax Credits	2,893.1	2,480.8
Asset Retirement Obligations	2,156.3	2,088.8
Obligations Under Operating Leases	40.6	40.1
Deferred Credits and Other Noncurrent Liabilities	100.8	57.2
TOTAL NONCURRENT LIABILITIES	9,769.3	9,067.8
TOTAL LIABILITIES	10,624.9	10,139.0
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Common Stock	56.6	56.6
Paid-in Capital	1,020.4	1,011.7
Retained Earnings	2,609.3	2,328.0
Accumulated Other Comprehensive Income (Loss)	0.7	0.2
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY	3,687.0	3,396.5
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY	14,311.9	13,535.5
I&M | Affiliated Entity
CURRENT ASSETS
Advances to Affiliates	157.2	0.0
Accounts Receivable:
Affiliated Companies	84.6	79.1
CURRENT LIABILITIES
Advances from Affiliates	0.0	126.8
Accounts Payable	$ 144.0	$ 98.5