CONDENSED CONSOLIDATED BALANCE SHEETS - APCo - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
CURRENT ASSETS
Cash and Cash Equivalents	$ 306	$ 197
Restricted Cash for Securitized Funding	33	71
Accounts Receivable:
Customers	1,338	1,166
Accrued Unbilled Revenues	349	421
Allowance for Credit Losses	(58)	(52)
Total Accounts Receivable	2,970	2,867
Fuel	567	576
Materials and Supplies	1,098	1,046
Risk Management Assets	246	352
Regulatory Asset for Under-Recovered Fuel Costs	594	426
Prepayments and Other Current Assets	385	212
TOTAL CURRENT ASSETS	6,623	6,052
PROPERTY, PLANT AND EQUIPMENT
Generation	28,879	28,388
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
Customer Deposits	521	507
Accrued Taxes	1,888	2,002
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
Accounts Payables	3,607	3,556
Employee Benefits and Pension Obligations	245	232
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
Common Stock	3,544	3,523
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
APPALACHIAN POWER COMPANY
CURRENT ASSETS
Cash and Cash Equivalents	4	5
Restricted Cash for Securitized Funding	12	18
Advances to Affiliates	17	17
Accounts Receivable:
Customers	205	171
Affiliated Companies	236	142
Accrued Unbilled Revenues	90	112
Allowance for Credit Losses	(5)	(2)
Total Accounts Receivable	526	423
Fuel	229	229
Materials and Supplies	152	139
Risk Management Assets	22	81
Regulatory Asset for Under-Recovered Fuel Costs	194	83
Prepayments and Other Current Assets	59	38
TOTAL CURRENT ASSETS	1,215	1,033
PROPERTY, PLANT AND EQUIPMENT
Generation	7,906	7,886
Transmission	5,298	5,277
Distribution	5,998	5,938
Other Property, Plant and Equipment	1,207	1,175
Construction Work in Progress	820	802
Total Property, Plant and Equipment	21,229	21,078
Accumulated Depreciation and Amortization	6,424	6,365
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	14,805	14,713
OTHER NONCURRENT ASSETS
Regulatory Assets	1,504	1,439
Securitized Assets	71	78
Employee Benefits and Pension Assets	254	251
Prepayments & Other Current Assets	92	95
Deferred Charges and Other Noncurrent Assets	200	183
TOTAL OTHER NONCURRENT ASSETS	2,121	2,046
TOTAL ASSETS	18,141	17,792
CURRENT LIABILITIES
Advances from Affiliates	177	209
Long-term Debt Due Within One Year	1,132	1,131
Customer Deposits	99	94
Accrued Taxes	125	116
Obligations Under Operating Leases	14	15
Other Current Liabilities	298	271
TOTAL CURRENT LIABILITIES	2,411	2,384
NONCURRENT LIABILITIES
Long-term Debt	5,115	5,128
Deferred Income Taxes	2,216	2,130
Regulatory Liabilities and Deferred Investment Tax Credits	1,072	1,111
Accounts Payables	726	707
Employee Benefits and Pension Obligations	26	26
Obligations Under Operating Leases	79	81
Deferred Credits and Other Noncurrent Liabilities	40	45
TOTAL NONCURRENT LIABILITIES	9,274	9,228
TOTAL LIABILITIES	11,685	11,612
Rate Matters (Note 4)
Commitments, Guarantees and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Common Stock	260	260
Paid-in Capital	2,038	1,957
Retained Earnings	4,134	3,939
Accumulated Other Comprehensive Income (Loss)	24	24
TOTAL COMMON SHAREHOLDER’S EQUITY	6,456	6,180
TOTAL LIABILITIES AND EQUITY	18,141	17,792
APPALACHIAN POWER COMPANY | Nonrelated Party
CURRENT LIABILITIES
Accounts Payable	376	375
APPALACHIAN POWER COMPANY | Affiliated Entity
CURRENT LIABILITIES
Accounts Payable	$ 190	$ 173