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CONSOLIDATED BALANCE SHEETS - 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
Other Temporary Investments 215.4 214.3
Accounts Receivable:    
Customers 1,100.1 1,029.9
Accrued Unbilled Revenues 367.0 179.5
Pledged Accounts Receivable – AEP Credit 1,161.5 1,249.4
Miscellaneous 64.1 48.7
Allowance for Credit Losses (60.8) (60.1)
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 (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
Securitized Assets 554.3 336.3
Spent Nuclear Fuel and Decommissioning Trusts 4,395.1 3,860.2
Goodwill 52.5 52.5
Long-term Risk Management Assets 289.1 321.2
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
Short-term Debt:    
Securitized Debt for Receivables – AEP Credit 900.0 888.0
Other Short-term Debt 1,623.8 1,942.2
Total Short-term Debt 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
Long-term Risk Management Liabilities 224.4 241.8
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)
MEZZANINE EQUITY    
Contingently Redeemable Performance Share Awards 37.8 42.5
TOTAL MEZZANINE EQUITY 37.8 42.5
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