v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 205 $ 185
Adjustments to reconcile to net cash flows provided by operating activities:    
Depreciation and amortization 216 188
Deferred income taxes and amortization of investment tax credits 16 8
Provision for losses on accounts receivable 10 5
Pension and non-pension postretirement benefits (2) 0
Other non-cash, net (21) 4
Changes in assets and liabilities:    
Receivables and unbilled revenues 25 (2)
Income tax receivable 2 60
Pension contributions (11) (11)
Accounts payable and accrued liabilities (131) (61)
Accrued taxes 73 24
Other assets and liabilities, net (51) (18)
Net cash provided by operating activities 331 382
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (548) (609)
Acquisitions, net of cash acquired (3) (86)
Removal costs from property, plant and equipment retirements, net (29) (38)
Purchases of available-for-sale fixed-income securities (27) 0
Proceeds from sales and maturities of available-for-sale fixed-income securities 39 0
Net cash used in investing activities (568) (733)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from long-term debt, net of discount 810 1,391
Repayments of long-term debt (531) (449)
Net short-term borrowings (repayments) with original maturities less than three months 120 (179)
Advances and contributions in aid of construction, net of refunds of $9 for the three months ended March 31, 2025 and 2024 13 3
Debt issuance costs (5) (14)
Dividends paid (149) (138)
Other, net (4) (1)
Net cash provided by financing activities 254 613
Net increase in cash, cash equivalents and restricted funds 17 262
Cash, cash equivalents and restricted funds at beginning of period 140 364
Cash, cash equivalents and restricted funds at end of period 157 626
Non-cash investing activity:    
Capital expenditures acquired on account but unpaid as of the end of period $ 298 $ 422