v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net Income (Loss) $ 68 $ 66
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 100 92
Deferred income taxes 8 5
Allowance for equity funds used during construction (11) (7)
Provision for bad debts 1 1
Changes in operating assets and liabilities:    
Accounts receivable 30 1
Accrued unbilled revenues 7 5
Inventories (9) (3)
Other current assets 5 0
Accounts payable 3 10
Net regulatory assets and liabilities 4 3
Other current liabilities 2 1
Pension and other employee benefit obligations (8) (8)
Other, net 1 2
Net cash provided by operating activities 201 168
Investing activities    
Capital/construction expenditures (272) (255)
Investments in utility money pool arrangement (49) 0
Repayments from utility money pool arrangement 64 0
Net cash used in investing activities (257) (255)
Financing activities    
Repayments of short-term borrowings, net (35) (60)
Borrowings under utility money pool arrangement 159 170
Repayments under utility money pool arrangement (159) (170)
Proceeds from long-term debt 240 394
Repayments of Long-term Debt 0 (200)
Capital contributions from parent 108 191
Dividends paid to parent (31) (44)
Net cash provided by financing activities 282 281
Net change in cash, cash equivalents and restricted cash 226 194
Cash, cash equivalents and restricted cash at beginning of period 8 6
Cash, cash equivalents and restricted cash at end of period 234 200
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (29) (24)
Cash paid for income taxes, net (14) (18)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 66 37
Inventory transfers to property, plant and equipment 12 7
Allowance for equity funds used during construction $ 11 $ 7