CONSOLIDATED BALANCE SHEETS - SWEPCo - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023
CURRENT ASSETS
Cash and Cash Equivalents	$ 202.9	$ 330.1
Restricted Cash	43.1	48.9
Accounts Receivable:
Customers	1,100.1	1,029.9
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
Accrued Tax Benefits	38.2	156.2
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	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
Securitized Assets	554.3	336.3
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
Short-term Debt – Nonaffiliated	2,523.8	2,830.2
Long-term Debt Due Within One Year	3,335.0	2,490.5
Risk Management Liabilities	100.0	229.6
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
Employee Benefits and Pension Obligations	360.7	241.7
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)
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
Noncontrolling Interests	42.3	39.2
TOTAL EQUITY	26,986.1	25,285.9
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY	103,078.0	96,684.0
SOUTHWESTERN ELECTRIC POWER COMPANY
CURRENT ASSETS
Cash and Cash Equivalents	1.2	2.4
Restricted Cash	3.4	0.0
Accounts Receivable:
Customers	34.5	39.0
Miscellaneous	9.2	8.3
Total Accounts Receivable	97.8	94.5
Fuel	86.5	113.8
Materials and Supplies	81.4	88.4
Risk Management Assets	18.1	11.6
Accrued Tax Benefits	26.0	28.4
Regulatory Asset for Under-Recovered Fuel Costs	106.6	170.8
Prepayments and Other Current Assets	14.7	29.2
TOTAL CURRENT ASSETS	438.0	541.3
PROPERTY, PLANT AND EQUIPMENT
Generation	5,287.5	4,790.7
Transmission	2,863.8	2,660.6
Distribution	3,007.1	2,824.1
Other Property, Plant and Equipment	940.4	814.4
Construction Work in Progress	627.3	555.8
Total Property, Plant and Equipment	12,726.1	11,645.6
Accumulated Depreciation and Amortization	3,280.0	3,087.2
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	9,446.1	8,558.4
OTHER NONCURRENT ASSETS
Regulatory Assets	921.3	1,131.8
Securitized Assets	331.4	0.0
Deferred Charges and Other Noncurrent Assets	358.2	326.1
TOTAL OTHER NONCURRENT ASSETS	1,610.9	1,457.9
TOTAL ASSETS	11,495.0	10,557.6
CURRENT LIABILITIES
Accounts Payable	265.5	198.9
Short-term Debt – Nonaffiliated	5.5	4.3
Long-term Debt Due Within One Year	22.7	0.0
Risk Management Liabilities	2.3	14.4
Customer Deposits	75.4	72.5
Accrued Taxes	48.6	58.7
Accrued Interest	40.6	39.9
Obligations Under Operating Leases	8.2	9.0
Provision for Refund	70.8	0.7
Other Current Liabilities	159.9	153.9
TOTAL CURRENT LIABILITIES	1,031.6	686.9
NONCURRENT LIABILITIES
Long-term Debt	3,958.1	3,646.9
Deferred Income Taxes	1,271.3	1,179.3
Regulatory Liabilities and Deferred Investment Tax Credits	610.8	756.1
Asset Retirement Obligations	257.5	258.6
Employee Benefits and Pension Obligations	46.5	43.1
Obligations Under Operating Leases	137.5	122.5
Provision for Refund	107.8	24.9
Storm Reserve	106.2	0.0
Deferred Credits and Other Noncurrent Liabilities	62.7	68.9
TOTAL NONCURRENT LIABILITIES	6,558.4	6,100.3
TOTAL LIABILITIES	7,590.0	6,787.2
Rate Matters (Note 4)
Commitments and Contingencies (Note 6)
EQUITY
Common Stock	0.1	0.1
Paid-in Capital	1,549.7	1,492.2
Retained Earnings	2,352.5	2,281.3
Accumulated Other Comprehensive Income (Loss)	2.3	(3.4)
TOTAL COMMON SHAREHOLDER’S EQUITY	3,904.6	3,770.2
Noncontrolling Interests	0.4	0.2
TOTAL EQUITY	3,905.0	3,770.4
TOTAL LIABILITIES, MEZZANINE EQUITY AND EQUITY	11,495.0	10,557.6
SOUTHWESTERN ELECTRIC POWER COMPANY | Affiliated Entity
CURRENT ASSETS
Advances to Affiliates	2.3	2.2
Accounts Receivable:
Affiliated Companies	54.1	47.2
CURRENT LIABILITIES
Advances from Affiliates	275.0	88.7
Accounts Payable	$ 57.1	$ 45.9