v3.25.2
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Electric, non-affiliates $ 1,216 $ 1,117 $ 2,388 $ 2,250
Electric, affiliates 120 120 242 242
Natural gas 110 90 470 363
Other 2 3 5 11
Total operating revenues 1,448 1,330 3,105 2,866
Operating expenses        
Electric fuel and purchased power 465 464 960 923
Cost of natural gas sold and transported 45 23 261 162
Operating and maintenance expenses 343 328 690 627
Conservation program expenses 28 42 69 90
Depreciation and amortization 286 272 579 540
Taxes (other than income taxes) 66 52 134 120
Total operating expenses 1,233 1,181 2,693 2,462
Operating income 215 149 412 404
Other income, net 9 3 8 8
Allowance for funds used during construction — equity 17 13 33 24
Interest charges and financing costs        
Interest charges and other financing costs 102 91 196 179
Allowance for funds used during construction — debt (9) (6) (17) (11)
Total interest charges and financing costs 93 85 179 168
Income before income taxes 148 80 274 268
Income tax benefit (41) (51) (99) (74)
Net income $ 189 $ 131 $ 373 $ 342