CONSOLIDATED BALANCE SHEETS - I&M - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and Cash Equivalents	$ 202.9	$ 330.1
Accounts Receivable:
Customers	1,100.1	1,029.9
Accrued Unbilled Revenues	367.0	179.5
Miscellaneous	64.1	48.7
Total Accounts Receivable	2,631.9	2,447.4
Fuel	748.9	853.7
Materials and Supplies	966.2	1,025.8
Risk Management Assets	210.4	217.5
Regulatory Asset for Under-Recovered Fuel Costs	445.9	514.0
Prepayments and Other Current Assets	285.9	274.2
TOTAL CURRENT ASSETS	5,788.8	6,082.1
PROPERTY, PLANT AND EQUIPMENT
Generation	24,829.7	24,329.5
Transmission	38,871.9	35,934.1
Distribution	31,061.9	28,989.9
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel)	7,491.6	6,484.9
Construction Work in Progress	6,346.9	5,508.0
Total Property, Plant and Equipment	108,602.0	101,246.4
Accumulated Depreciation and Amortization	26,186.4	24,553.0
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	82,415.6	76,693.4
OTHER NONCURRENT ASSETS
Regulatory Assets	5,129.2	5,092.4
Spent Nuclear Fuel and Decommissioning Trusts	4,395.1	3,860.2
Operating Lease Assets	580.1	620.2
Deferred Charges and Other Noncurrent Assets	3,873.3	3,625.7
TOTAL OTHER NONCURRENT ASSETS	14,873.6	13,908.5
TOTAL ASSETS	103,078.0	96,684.0
CURRENT LIABILITIES
Accounts Payable	2,637.6	2,032.5
Long-term Debt Due Within One Year	3,335.0	2,490.5
Customer Deposits	454.7	423.7
Accrued Taxes	1,922.1	1,800.1
Accrued Interest	453.3	410.2
Obligations Under Operating Leases	91.9	115.7
Other Current Liabilities	1,490.9	1,251.1
TOTAL CURRENT LIABILITIES	13,009.3	11,583.6
NONCURRENT LIABILITIES
Long-term Debt	39,307.8	37,652.7
Deferred Income Taxes	9,972.4	9,415.7
Regulatory Liabilities and Deferred Investment Tax Credits	8,344.0	8,182.4
Asset Retirement Obligations	3,530.6	2,972.5
Obligations Under Operating Leases	504.3	519.4
Deferred Credits and Other Noncurrent Liabilities	800.6	545.8
TOTAL NONCURRENT LIABILITIES	63,044.8	59,772.0
TOTAL LIABILITIES	76,054.1	71,355.6
Rate Matters (Note 4)
Commitments and Contingencies (Note 6)
COMMON SHAREHOLDER’S EQUITY
Common Stock	3,471.6	3,427.9
Paid-in Capital	9,606.1	9,073.9
Retained Earnings	13,869.2	12,800.4
Accumulated Other Comprehensive Income (Loss)	(3.1)	(55.5)
TOTAL COMMON SHAREHOLDER’S EQUITY	26,943.8	25,246.7
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY	103,078.0	96,684.0
INDIANA MICHIGAN POWER COMPANY
CURRENT ASSETS
Cash and Cash Equivalents	1.5	2.1
Accounts Receivable:
Customers	58.7	66.9
Accrued Unbilled Revenues	21.4	0.2
Miscellaneous	6.3	8.2
Total Accounts Receivable	165.5	140.3
Fuel	83.4	88.1
Materials and Supplies	212.2	208.2
Risk Management Assets	18.4	27.8
Regulatory Asset for Under-Recovered Fuel Costs	10.6	14.8
Prepayments and Other Current Assets	52.0	46.7
TOTAL CURRENT ASSETS	543.6	528.0
PROPERTY, PLANT AND EQUIPMENT
Generation	5,503.0	5,646.8
Transmission	1,957.8	1,906.4
Distribution	3,535.0	3,254.0
Other Property, Plant and Equipment (Including Coal Mining and Nuclear Fuel)	992.4	898.5
Construction Work in Progress	334.9	301.7
Total Property, Plant and Equipment	12,323.1	12,007.4
Accumulated Depreciation and Amortization	4,643.8	4,378.4
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	7,679.3	7,629.0
OTHER NONCURRENT ASSETS
Regulatory Assets	548.1	406.3
Spent Nuclear Fuel and Decommissioning Trusts	4,395.1	3,860.2
Operating Lease Assets	51.5	53.8
Deferred Charges and Other Noncurrent Assets	317.9	330.7
TOTAL OTHER NONCURRENT ASSETS	5,312.6	4,651.0
TOTAL ASSETS	13,535.5	12,808.0
CURRENT LIABILITIES
Accounts Payable	202.2	225.8
Long-term Debt Due Within One Year	269.2	83.7
Customer Deposits	59.1	72.2
Accrued Taxes	102.2	104.7
Accrued Interest	41.3	41.3
Obligations Under Operating Leases	12.3	16.8
Regulatory Liability for Over-Recovered Fuel Costs	10.3	23.2
Other Current Liabilities	149.3	91.9
TOTAL CURRENT LIABILITIES	1,071.2	830.2
NONCURRENT LIABILITIES
Long-term Debt	3,225.1	3,415.7
Deferred Income Taxes	1,175.8	1,169.9
Regulatory Liabilities and Deferred Investment Tax Credits	2,480.8	2,052.3
Asset Retirement Obligations	2,088.8	2,104.3
Obligations Under Operating Leases	40.1	37.7
Deferred Credits and Other Noncurrent Liabilities	57.2	57.7
TOTAL NONCURRENT LIABILITIES	9,067.8	8,837.6
TOTAL LIABILITIES	10,139.0	9,667.8
Rate Matters (Note 4)
Commitments and Contingencies (Note 6)
COMMON SHAREHOLDER’S EQUITY
Common Stock	56.6	56.6
Paid-in Capital	1,011.7	997.6
Retained Earnings	2,328.0	2,086.6
Accumulated Other Comprehensive Income (Loss)	0.2	(0.6)
TOTAL COMMON SHAREHOLDER’S EQUITY	3,396.5	3,140.2
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY	13,535.5	12,808.0
INDIANA MICHIGAN POWER COMPANY | Affiliated Entity
Accounts Receivable:
Affiliated Companies	79.1	65.0
CURRENT LIABILITIES
Advances from Affiliates	126.8	63.3
Accounts Payable	$ 98.5	$ 107.3