v3.25.2
CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Utility revenues $ 1,929 $ 1,892 $ 4,835 $ 4,499
Non-utility revenues 15 13 29 26
Total 1,944 1,905 4,864 4,525
Expenses:        
Utility natural gas, fuel and purchased power 300 233 1,306 1,020
Non-utility cost of revenues, including natural gas 2 0 3 1
Operation and maintenance 715 678 1,462 1,387
Depreciation and amortization 370 386 733 749
Taxes other than income taxes 140 141 294 285
Total 1,527 1,438 3,798 3,442
Operating Income 417 467 1,066 1,083
Other Income (Expense):        
Loss on sale 0 0 (43) 0
Gain (loss) on equity securities 43 19 122 (64)
Gain (loss) on indexed debt securities (42) (18) (121) 67
Interest expense and other finance charges (191) (212) (425) (410)
Interest expense on Securitization Bonds (4) (5) (8) (11)
Other income, net 30 10 40 24
Total (164) (206) (435) (394)
Income Before Income Taxes 253 261 631 689
Income tax expense 55 33 136 111
Net Income $ 198 $ 228 $ 495 $ 578
Basic Earnings Per Common Share (in dollars per share) $ 0.30 $ 0.36 $ 0.76 $ 0.91
Diluted Earnings Per Common Share (in dollars per share) $ 0.30 $ 0.36 $ 0.76 $ 0.91
Weighted Average Common Shares Outstanding, Basic (in shares) 652,783 640,754 652,474 636,491
Weighted Average Common Shares Outstanding, Diluted (in shares) 654,044 641,816 653,683 637,893