v3.25.2
CONDENSED STATEMENTS OF CASH FLOWS - PSO - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization $ 1,686.5 $ 1,609.0
Deferred Income Taxes (53.6) (56.1)
Allowance for Equity Funds Used During Construction (114.4) (98.8)
Mark-to-Market of Risk Management Contracts (240.6) (75.0)
Property Taxes 240.6 213.2
Deferred Fuel Over/Under-Recovery, Net (41.3) 120.0
Change in Other Noncurrent Assets (439.5) (131.0)
Change in Other Noncurrent Liabilities 41.4 189.9
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (176.4) (209.3)
Fuel, Materials and Supplies 114.3 111.3
Accounts Payable 286.9 77.0
Accrued Taxes, Net (468.5) (301.3)
Other Current Assets 10.6 (144.0)
Other Current Liabilities (170.7) 108.6
Net Cash Flows from Operating Activities 2,671.1 2,904.2
INVESTING ACTIVITIES    
Construction Expenditures (4,020.2) (3,318.3)
Acquisitions of Generation Facilities (1,359.3) 0.0
Other Investing Activities 103.3 57.4
Net Cash Flows Used for Investing Activities (5,347.3) (3,249.7)
FINANCING ACTIVITIES    
Issuance of Long-term Debt 3,163.2 3,663.3
Retirement of Long-term Debt (1,324.1) (1,769.1)
Principal Payments for Finance Lease Obligations (25.0) (35.8)
Dividends Paid on Common Stock (1,000.5) (936.0)
Other Financing Activities 2.7 (35.3)
Net Cash Flows from Financing Activities 2,708.8 214.4
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 32.6 (131.1)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 246.0 379.0
Cash, Cash Equivalents and Restricted Cash at End of Period 278.6 247.9
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 946.2 881.0
Net Cash Paid (Received) for Income Taxes 59.3 60.8
Cash Paid (Received) for Transferable Tax Credits (17.2) (72.2)
Noncash Acquisitions Under Finance Leases 16.7 20.5
Construction Expenditures Included in Current Liabilities as of June 30, 1,059.1 1,049.9
PSO    
OPERATING ACTIVITIES    
Net Income 91.2 108.3
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 135.6 131.5
Deferred Income Taxes 40.2 8.2
Allowance for Equity Funds Used During Construction (6.2) (3.3)
Mark-to-Market of Risk Management Contracts (72.6) (37.5)
Property Taxes (32.2) (29.7)
Deferred Fuel Over/Under-Recovery, Net (74.3) (13.8)
Change in Other Regulatory Assets (25.1) (4.2)
Change in Other Noncurrent Assets 3.2 (13.7)
Change in Other Noncurrent Liabilities (7.5) (6.2)
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (38.6) (21.4)
Fuel, Materials and Supplies 3.2 (3.7)
Accounts Payable 120.7 109.8
Accrued Taxes, Net 44.8 (7.9)
Other Current Assets (16.0) (27.4)
Other Current Liabilities (0.7) (52.2)
Net Cash Flows from Operating Activities 165.7 136.8
INVESTING ACTIVITIES    
Construction Expenditures (325.2) (270.8)
Change in Advances to Affiliates, Net 232.0 0.0
Acquisitions of Generation Facilities (1,359.3) 0.0
Other Investing Activities 1.0 (2.2)
Net Cash Flows Used for Investing Activities (1,451.5) (273.0)
FINANCING ACTIVITIES    
Capital Contribution from Parent 299.9 0.2
Issuance of Long-term Debt 793.8 0.0
Change in Advances from Affiliates, Net 319.7 207.4
Retirement of Long-term Debt (125.3) (0.3)
Principal Payments for Finance Lease Obligations (1.6) (1.7)
Dividends Paid on Common Stock 0.0 (70.0)
Other Financing Activities 1.3 0.6
Net Cash Flows from Financing Activities 1,287.8 136.2
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash 2.0 0.0
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 1.8 2.5
Cash, Cash Equivalents and Restricted Cash at End of Period 3.8 2.5
SUPPLEMENTARY INFORMATION    
Cash Paid for Interest, Net of Capitalized Amounts 47.3 51.6
Net Cash Paid (Received) for Income Taxes (4.0) (3.0)
Cash Paid (Received) for Transferable Tax Credits (8.5) (29.6)
Noncash Acquisitions Under Finance Leases 1.8 0.8
Construction Expenditures Included in Current Liabilities as of June 30, $ 91.3 $ 61.8