v3.25.3
CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenues:        
Utility revenues $ 1,975 $ 1,842 $ 6,810 $ 6,341
Non-utility revenues 13 14 42 40
Total 1,988 1,856 6,852 6,381
Expenses:        
Utility natural gas, fuel and purchased power 219 197 1,525 1,217
Non-utility cost of revenues, including natural gas 1 1 4 2
Operation and maintenance 741 775 2,203 2,162
Depreciation and amortization 392 334 1,125 1,083
Taxes other than income taxes 133 125 427 410
Total 1,486 1,432 5,284 4,874
Operating Income 502 424 1,568 1,507
Other Income (Expense):        
Loss on sale 0 0 (43) 0
Gain (loss) on equity securities (104) 54 18 (10)
Gain (loss) on indexed debt securities 105 (53) (16) 14
Interest expense and other finance charges (238) (191) (663) (601)
Interest expense on Securitization Bonds (5) (4) (13) (15)
Other income, net 26 15 66 39
Total (216) (179) (651) (573)
Income Before Income Taxes 286 245 917 934
Income tax expense (benefit) (7) 52 129 163
Net Income $ 293 $ 193 $ 788 $ 771
Basic Earnings Per Common Share (in dollars per share) $ 0.45 $ 0.30 $ 1.21 $ 1.20
Diluted Earnings Per Common Share (in dollars per share) $ 0.45 $ 0.30 $ 1.20 $ 1.20
Weighted Average Common Shares Outstanding, Basic (in shares) 652,862,000 647,797,000 652,605,000 640,287,000
Weighted Average Common Shares Outstanding, Diluted (in shares) 656,028,000 648,214,000 654,680,000 641,361,000