CONSOLIDATED BALANCE SHEETS - AEP Texas - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Restricted Cash	$ 71	$ 43
Accounts Receivable:
Customers	1,166	1,100
Accrued Unbilled Revenues	421	367
Allowance for Credit Losses	(52)	(61)
Total Accounts Receivable	2,867	2,632
Materials and Supplies	1,046	966
Prepayments and Other Current Assets	212	287
TOTAL CURRENT ASSETS	6,052	5,789
PROPERTY, PLANT AND EQUIPMENT
Transmission	42,557	38,872
Distribution	33,364	31,062
Other Property, Plant and Equipment	8,635	7,491
Construction Work in Progress	7,635	6,347
Total Property, Plant and Equipment	120,579	108,602
Accumulated Depreciation and Amortization	28,205	26,186
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	92,374	82,416
OTHER NONCURRENT ASSETS
Regulatory Assets	4,804	5,129
Securitized Assets	933	554
Operating Lease Assets	661	580
Deferred Charges and Other Noncurrent Assets	4,402	3,873
TOTAL OTHER NONCURRENT ASSETS	16,034	14,873
TOTAL ASSETS	114,460	103,078
CURRENT LIABILITIES
Accounts Payable	3,429	2,638
Long-term Debt Due Within One Year	3,194	3,335
Accrued Taxes	2,002	1,922
Accrued Interest	544	453
Obligations Under Operating Leases	100	92
Other Current Liabilities	1,898	1,490
TOTAL CURRENT LIABILITIES	13,314	13,009
NONCURRENT LIABILITIES
Long-term Debt	44,128	39,308
Deferred Income Taxes	10,951	9,972
Regulatory Liabilities and Deferred Investment Tax Credits	8,362	8,344
Obligations Under Operating Leases	578	504
Deferred Credits and Other Noncurrent Liabilities	905	801
TOTAL NONCURRENT LIABILITIES	68,890	63,045
TOTAL LIABILITIES	82,204	76,054
Rate Matters (Note 4)
Commitments and Contingencies (Note 6)
COMMON SHAREHOLDER’S EQUITY
Paid-in Capital	12,138	9,606
Retained Earnings	15,441	13,869
Accumulated Other Comprehensive Income (Loss)	36	(3)
TOTAL COMMON SHAREHOLDER’S EQUITY	31,138	26,944
TOTAL LIABILITIES AND EQUITY	114,460	103,078
AEP TEXAS INC.
CURRENT ASSETS
Restricted Cash	14	24
Advances to Affiliates	7	7
Accounts Receivable:
Customers	189	183
Affiliated Companies	15	11
Accrued Unbilled Revenues	101	97
Allowance for Credit Losses	0	(4)
Total Accounts Receivable	305	287
Materials and Supplies	168	170
Prepayments and Other Current Assets	15	12
TOTAL CURRENT ASSETS	509	500
PROPERTY, PLANT AND EQUIPMENT
Transmission	8,229	7,546
Distribution	6,835	6,251
Other Property, Plant and Equipment	1,239	1,175
Construction Work in Progress	1,766	1,118
Total Property, Plant and Equipment	18,069	16,090
Accumulated Depreciation and Amortization	2,205	2,046
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	15,864	14,044
OTHER NONCURRENT ASSETS
Regulatory Assets	402	354
Securitized Assets	94	117
Operating Lease Assets	52	54
Deferred Charges and Other Noncurrent Assets	154	131
TOTAL OTHER NONCURRENT ASSETS	702	656
TOTAL ASSETS	17,075	15,200
CURRENT LIABILITIES
Advances from Affiliates	188	285
Long-term Debt Due Within One Year	75	325
Accrued Taxes	118	127
Accrued Interest	64	55
Obligations Under Operating Leases	14	13
Other Current Liabilities	247	201
TOTAL CURRENT LIABILITIES	1,418	1,407
NONCURRENT LIABILITIES
Long-term Debt	6,941	6,117
Deferred Income Taxes	1,430	1,323
Regulatory Liabilities and Deferred Investment Tax Credits	1,286	1,285
Obligations Under Operating Leases	40	43
Deferred Credits and Other Noncurrent Liabilities	134	140
TOTAL NONCURRENT LIABILITIES	9,831	8,908
TOTAL LIABILITIES	11,249	10,315
Rate Matters (Note 4)
Commitments and Contingencies (Note 6)
COMMON SHAREHOLDER’S EQUITY
Paid-in Capital	2,546	2,093
Retained Earnings	3,283	2,795
Accumulated Other Comprehensive Income (Loss)	(3)	(3)
TOTAL COMMON SHAREHOLDER’S EQUITY	5,826	4,885
TOTAL LIABILITIES AND EQUITY	17,075	15,200
AEP TEXAS INC. | Nonrelated Party
CURRENT LIABILITIES
Accounts Payable	652	366
AEP TEXAS INC. | Affiliated Entity
CURRENT LIABILITIES
Accounts Payable	$ 60	$ 35