CONDENSED CONSOLIDATED BALANCE SHEETS - AEP Texas - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS
Restricted Cash	$ 33	$ 71
Accounts Receivable:
Customers	1,338	1,166
Accrued Unbilled Revenues	349	421
Total Accounts Receivable	2,970	2,867
Materials and Supplies	1,098	1,046
Prepayments and Other Current Assets	385	212
TOTAL CURRENT ASSETS	6,623	6,052
PROPERTY, PLANT AND EQUIPMENT
Transmission	43,093	42,557
Distribution	33,902	33,364
Other Property, Plant and Equipment	9,119	8,635
Construction Work in Progress	8,314	7,635
Total Property, Plant and Equipment	123,307	120,579
Accumulated Depreciation and Amortization	28,453	28,205
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	94,854	92,374
OTHER NONCURRENT ASSETS
Regulatory Assets	5,070	4,804
Securitized Assets	912	933
Prepayments & Other Current Assets	650	661
Deferred Charges and Other Noncurrent Assets	4,578	4,402
TOTAL OTHER NONCURRENT ASSETS	16,299	16,034
TOTAL ASSETS	117,776	114,460
CURRENT LIABILITIES
Accounts Payable	3,148	3,429
Long-term Debt Due Within One Year	2,704	3,194
Accrued Taxes	1,888	2,002
Accrued Interest	629	544
Obligations Under Operating Leases	95	100
Other Current Liabilities	1,924	1,898
TOTAL CURRENT LIABILITIES	12,594	13,314
NONCURRENT LIABILITIES
Long-term Debt	46,850	44,128
Deferred Income Taxes	11,249	10,951
Regulatory Liabilities and Deferred Investment Tax Credits	8,230	8,362
Obligations Under Operating Leases	572	578
Deferred Credits and Other Noncurrent Liabilities	1,235	905
TOTAL NONCURRENT LIABILITIES	72,153	68,890
TOTAL LIABILITIES	84,747	82,204
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Paid-in Capital	12,447	12,138
Retained Earnings	15,795	15,441
Accumulated Other Comprehensive Income (Loss)	22	36
TOTAL COMMON SHAREHOLDER’S EQUITY	31,808	31,138
TOTAL LIABILITIES AND EQUITY	117,776	114,460
AEP TEXAS INC.
CURRENT ASSETS
Restricted Cash	6	14
Advances to Affiliates	112	7
Accounts Receivable:
Customers	268	189
Affiliated Companies	19	15
Accrued Unbilled Revenues	103	101
Total Accounts Receivable	390	305
Materials and Supplies	189	168
Prepayments and Other Current Assets	22	15
TOTAL CURRENT ASSETS	719	509
PROPERTY, PLANT AND EQUIPMENT
Transmission	8,257	8,229
Distribution	7,010	6,835
Other Property, Plant and Equipment	1,257	1,239
Construction Work in Progress	2,045	1,766
Total Property, Plant and Equipment	18,569	18,069
Accumulated Depreciation and Amortization	2,241	2,205
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	16,328	15,864
OTHER NONCURRENT ASSETS
Regulatory Assets	441	402
Securitized Assets	88	94
Prepayments & Other Current Assets	50	52
Deferred Charges and Other Noncurrent Assets	247	154
TOTAL OTHER NONCURRENT ASSETS	826	702
TOTAL ASSETS	17,873	17,075
CURRENT LIABILITIES
Advances from Affiliates	0	188
Long-term Debt Due Within One Year	75	75
Accrued Taxes	162	118
Accrued Interest	120	64
Security Deposits	91	87
Contribution in Aid of Construction Advances	185	67
Obligations Under Operating Leases	14	14
Other Current Liabilities	77	93
TOTAL CURRENT LIABILITIES	1,315	1,418
NONCURRENT LIABILITIES
Long-term Debt	7,669	6,941
Deferred Income Taxes	1,481	1,430
Regulatory Liabilities and Deferred Investment Tax Credits	1,260	1,286
Obligations Under Operating Leases	39	40
Deferred Credits and Other Noncurrent Liabilities	163	134
TOTAL NONCURRENT LIABILITIES	10,612	9,831
TOTAL LIABILITIES	11,927	11,249
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Paid-in Capital	2,546	2,546
Retained Earnings	3,403	3,283
Accumulated Other Comprehensive Income (Loss)	(3)	(3)
TOTAL COMMON SHAREHOLDER’S EQUITY	5,946	5,826
TOTAL LIABILITIES AND EQUITY	17,873	17,075
AEP TEXAS INC. | Nonrelated Party
CURRENT LIABILITIES
Accounts Payable	560	652
AEP TEXAS INC. | Affiliated Entity
CURRENT LIABILITIES
Accounts Payable	$ 31	$ 60