CONDENSED BALANCE SHEETS - PSO - USD ($) $ in Millions	Mar. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and Cash Equivalents	$ 256.8	$ 202.9
Accounts Receivable:
Customers	1,119.3	1,100.1
Miscellaneous	52.4	64.1
Total Accounts Receivable	2,618.0	2,631.9
Fuel	620.3	748.9
Materials and Supplies	961.9	966.2
Risk Management Assets	309.4	210.4
Accrued Tax Benefits	66.5	38.2
Regulatory Asset for Under-Recovered Fuel Costs	537.4	445.9
Prepayments and Other Current Assets	324.6	285.9
TOTAL CURRENT ASSETS	5,936.9	5,788.8
PROPERTY, PLANT AND EQUIPMENT
Generation	24,871.2	24,829.7
Transmission	39,375.6	38,871.9
Distribution	31,590.0	31,061.9
Other Property, Plant and Equipment	7,502.7	7,491.6
Construction Work in Progress	6,835.4	6,346.9
Total Property, Plant and Equipment	110,174.9	108,602.0
Accumulated Depreciation and Amortization	26,612.2	26,186.4
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	83,562.7	82,415.6
OTHER NONCURRENT ASSETS
Regulatory Assets	5,133.6	5,129.2
Operating Lease Assets	578.8	580.1
Deferred Charges and Other Noncurrent Assets	4,036.8	3,873.3
TOTAL OTHER NONCURRENT ASSETS	14,895.0	14,873.6
TOTAL ASSETS	104,394.6	103,078.0
CURRENT LIABILITIES
Accounts Payable	2,380.8	2,637.6
Long-term Debt Due Within One Year	4,178.9	3,335.0
Risk Management Liabilities	132.6	100.0
Customer Deposits	467.5	454.7
Accrued Taxes	1,797.0	1,922.1
Accrued Interest	589.4	453.3
Obligations Under Operating Leases	92.8	91.9
Other Current Liabilities	1,257.2	1,490.9
TOTAL CURRENT LIABILITIES	14,242.3	13,009.3
NONCURRENT LIABILITIES
Long-term Debt	38,810.9	39,307.8
Deferred Income Taxes	10,199.1	9,972.4
Regulatory Liabilities and Deferred Investment Tax Credits	8,294.3	8,344.0
Asset Retirement Obligations	3,551.6	3,530.6
Obligations Under Operating Leases	501.5	504.3
Deferred Credits and Other Noncurrent Liabilities	828.1	800.6
TOTAL NONCURRENT LIABILITIES	62,741.6	63,044.8
TOTAL LIABILITIES	76,983.9	76,054.1
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Common Stock	3,478.7	3,471.6
Paid-in Capital	9,652.3	9,606.1
Retained Earnings	14,169.4	13,869.2
Accumulated Other Comprehensive Income (Loss)	20.3	(3.1)
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY	27,320.7	26,943.8
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY	104,394.6	103,078.0
PSO
CURRENT ASSETS
Cash and Cash Equivalents	3.4	1.8
Advances to Affiliates	0.0	232.0
Accounts Receivable:
Customers	71.8	74.8
Miscellaneous	0.3	0.3
Total Accounts Receivable	105.1	107.7
Fuel	11.7	17.1
Materials and Supplies	108.9	108.8
Risk Management Assets	33.8	20.6
Accrued Tax Benefits	69.0	35.5
Regulatory Asset for Under-Recovered Fuel Costs	141.0	64.7
Prepayments and Other Current Assets	21.9	20.2
TOTAL CURRENT ASSETS	494.8	608.4
PROPERTY, PLANT AND EQUIPMENT
Generation	2,786.1	2,772.4
Transmission	1,357.3	1,345.3
Distribution	3,785.8	3,698.8
Other Property, Plant and Equipment	557.3	550.0
Construction Work in Progress	392.2	378.8
Total Property, Plant and Equipment	8,878.7	8,745.3
Accumulated Depreciation and Amortization	2,257.3	2,213.0
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	6,621.4	6,532.3
OTHER NONCURRENT ASSETS
Regulatory Assets	529.8	527.8
Employee Benefits and Pension Assets	74.4	73.6
Operating Lease Assets	104.0	106.2
Deferred Charges and Other Noncurrent Assets	111.4	62.0
TOTAL OTHER NONCURRENT ASSETS	819.6	769.6
TOTAL ASSETS	7,935.8	7,910.3
CURRENT LIABILITIES
Accounts Payable	176.2	200.5
Long-term Debt Due Within One Year	0.6	125.6
Risk Management Liabilities	0.4	5.8
Customer Deposits	74.1	72.9
Accrued Taxes	66.1	33.4
Accrued Interest	29.7	33.1
Obligations Under Operating Leases	11.0	10.4
Other Current Liabilities	51.9	78.6
TOTAL CURRENT LIABILITIES	561.4	619.4
NONCURRENT LIABILITIES
Long-term Debt	2,730.6	2,730.0
Deferred Income Taxes	974.6	930.6
Regulatory Liabilities and Deferred Investment Tax Credits	707.8	689.7
Asset Retirement Obligations	117.3	118.8
Obligations Under Operating Leases	99.3	101.9
Deferred Credits and Other Noncurrent Liabilities	32.9	34.3
TOTAL NONCURRENT LIABILITIES	4,662.5	4,605.3
TOTAL LIABILITIES	5,223.9	5,224.7
Rate Matters (Note 4)
Commitments and Contingencies (Note 5)
COMMON SHAREHOLDER’S EQUITY
Common Stock	157.2	157.2
Paid-in Capital	1,041.2	1,041.2
Retained Earnings	1,511.1	1,483.6
Accumulated Other Comprehensive Income (Loss)	2.4	3.6
TOTAL AEP COMMON SHAREHOLDERS’ EQUITY	2,711.9	2,685.6
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY	7,935.8	7,910.3
PSO | Affiliated Entity
Accounts Receivable:
Affiliated Companies	33.0	32.6
CURRENT LIABILITIES
Advances from Affiliates	91.5	0.0
Accounts Payable	$ 59.9	$ 59.1