CONSOLIDATED BALANCE SHEETS - APCo - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and Cash Equivalents	$ 197	$ 203
Restricted Cash for Securitized Funding	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
Fuel	576	749
Materials and Supplies	1,046	966
Risk Management Assets	352	210
Regulatory Asset for Under-Recovered Fuel Costs	426	446
Prepayments and Other Current Assets	212	287
TOTAL CURRENT ASSETS	6,052	5,789
PROPERTY, PLANT AND EQUIPMENT
Generation	28,388	24,830
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
Customer Deposits	507	455
Accrued Taxes	2,002	1,922
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
Asset Retirement Obligations	3,556	3,531
Employee Benefits and Pension Obligations	232	361
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
Common Stock	3,523	3,472
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
APPALACHIAN POWER COMPANY
CURRENT ASSETS
Cash and Cash Equivalents	5	4
Restricted Cash for Securitized Funding	18	16
Advances to Affiliates	17	18
Accounts Receivable:
Customers	171	186
Affiliated Companies	142	110
Accrued Unbilled Revenues	112	93
Allowance for Credit Losses	(2)	(2)
Total Accounts Receivable	423	387
Fuel	229	308
Materials and Supplies	139	132
Risk Management Assets	81	36
Regulatory Asset for Under-Recovered Fuel Costs	83	148
Prepayments and Other Current Assets	38	46
TOTAL CURRENT ASSETS	1,033	1,095
PROPERTY, PLANT AND EQUIPMENT
Generation	7,886	7,273
Transmission	5,277	5,001
Distribution	5,938	5,569
Other Property, Plant and Equipment	1,175	1,063
Construction Work in Progress	802	743
Total Property, Plant and Equipment	21,078	19,649
Accumulated Depreciation and Amortization	6,365	6,036
TOTAL PROPERTY, PLANT AND EQUIPMENT – NET	14,713	13,613
OTHER NONCURRENT ASSETS
Regulatory Assets	1,439	1,366
Securitized Assets	78	106
Employee Benefits and Pension Assets	251	204
Operating Lease Assets	95	67
Deferred Charges and Other Noncurrent Assets	183	215
TOTAL OTHER NONCURRENT ASSETS	2,046	1,958
TOTAL ASSETS	17,792	16,666
CURRENT LIABILITIES
Advances from Affiliates	209	95
Long-term Debt Due Within One Year	1,131	799
Customer Deposits	94	87
Accrued Taxes	116	169
Obligations Under Operating Leases	15	14
Other Current Liabilities	271	229
TOTAL CURRENT LIABILITIES	2,384	2,026
NONCURRENT LIABILITIES
Long-term Debt	5,128	4,862
Deferred Income Taxes	2,130	2,034
Regulatory Liabilities and Deferred Investment Tax Credits	1,111	1,116
Asset Retirement Obligations	707	767
Employee Benefits and Pension Obligations	26	30
Obligations Under Operating Leases	81	54
Deferred Credits and Other Noncurrent Liabilities	45	29
TOTAL NONCURRENT LIABILITIES	9,228	8,892
TOTAL LIABILITIES	11,612	10,918
Rate Matters (Note 4)
Commitments and Contingencies (Note 6)
COMMON SHAREHOLDER’S EQUITY
Common Stock	260	260
Paid-in Capital	1,957	1,945
Retained Earnings	3,939	3,532
Accumulated Other Comprehensive Income (Loss)	24	11
TOTAL COMMON SHAREHOLDER’S EQUITY	6,180	5,748
TOTAL LIABILITIES AND EQUITY	17,792	16,666
APPALACHIAN POWER COMPANY | Nonrelated Party
CURRENT LIABILITIES
Accounts Payable	375	427
APPALACHIAN POWER COMPANY | Affiliated Entity
CURRENT LIABILITIES
Accounts Payable	$ 173	$ 206