v3.25.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Property, plant and equipment $ 35,466 $ 35,059
Accumulated depreciation (7,089) (7,021)
Property, plant and equipment, net 28,377 28,038
Current assets:    
Cash and cash equivalents 114 96
Restricted funds 18 29
Accounts receivable, net of allowance for uncollectible accounts of $57 and $53, respectively 380 416
Income tax receivable 23 25
Unbilled revenues 332 315
Materials and supplies 107 103
Other 220 231
Total current assets 1,194 1,215
Regulatory and other long-term assets:    
Regulatory assets 1,162 1,150
Secured seller promissory note from the sale of the Homeowner Services Group 795 795
Operating lease right-of-use assets 87 89
Goodwill 1,144 1,144
Other 397 399
Total regulatory and other long-term assets 3,585 3,577
Total assets 33,156 32,830
Capitalization:    
Common stock ($0.01 par value; 500,000,000 shares authorized; 200,512,663 and 200,371,701 shares issued, respectively) 2 2
Paid-in-capital 8,611 8,598
Retained earnings 2,317 2,112
Accumulated other comprehensive income 2 12
Treasury stock, at cost (5,501,396 and 5,451,216 shares, respectively) (398) (392)
Total common shareholders' equity 10,534 10,332
Long-term debt 13,318 12,518
Redeemable preferred stock at redemption value 3 3
Total long-term debt 13,321 12,521
Total capitalization 23,855 22,853
Current liabilities:    
Short-term debt 999 879
Current portion of long-term debt 114 637
Accounts payable 240 346
Accrued liabilities 539 791
Accrued taxes 228 156
Accrued interest 131 111
Other 196 230
Total current liabilities 2,447 3,150
Regulatory and other long-term liabilities:    
Advances for construction 396 383
Deferred income taxes and investment tax credits 2,936 2,881
Regulatory liabilities 1,400 1,416
Operating lease liabilities 75 76
Accrued pension expense 212 217
Other 252 277
Total regulatory and other long-term liabilities 5,271 5,250
Contributions in aid of construction 1,583 1,577
Commitments and contingencies (See Note 11)
Total capitalization and liabilities $ 33,156 $ 32,830