v3.26.1
Consolidated Statements of Operations (Unaudited) - PAC - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues $ 6,672 $ 6,366
Operating expenses:    
Cost of fuel and energy 1,670 1,531
Operating income 1,458 1,383
Other income (expense):    
Interest expense (746) (686)
Allowance for borrowed funds 45 40
Allowance for equity funds 80 66
Interest and dividend income 54 62
Other, net (8) (15)
Total other income (expense) (580) (430)
Income before income tax expense (benefit) and equity income (loss) 878 953
Income tax expense (benefit) (430) (399)
Net income (loss) attributable to parent 1,114 1,187
PAC    
Revenues 1,808 1,768
Operating expenses:    
Cost of fuel and energy 755 718
Operations and maintenance 463 424
Depreciation and amortization 310 299
Property and other taxes 67 59
Total operating expenses 1,595 1,500
Operating income 213 268
Other income (expense):    
Interest expense (227) (187)
Allowance for borrowed funds 21 22
Allowance for equity funds 20 27
Interest and dividend income 27 28
Other, net (4) 0
Total other income (expense) (163) (110)
Income before income tax expense (benefit) and equity income (loss) 50 158
Income tax expense (benefit) (21) (19)
Net income (loss) attributable to parent $ 71 $ 177