v3.26.1
Condensed Consolidated Statements Of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating revenues $ 1,129 $ 390
Fuel and energy purchases (563) (268)
Nuclear fuel amortization (24) (26)
Unrealized gain (loss) on derivative instruments (Note 2) (42) 59
Energy Expenses (629) (235)
Operating Expenses    
Operation, maintenance and development (165) (146)
General and administrative (24) (34)
Depreciation, amortization and accretion (Note 7) (92) (74)
Other operating income (expense), net (9) (7)
Operating Income (Loss) 210 (106)
Nuclear decommissioning trust funds gain (loss), net (Note 6) (22) (12)
Interest expense and other finance charges (Note 10) (119) (74)
Other non-operating income (expense), net 12 5
Income (Loss) Before Income Taxes 81 (187)
Income tax benefit (expense) (Note 4) (18) 52
Net Income (Loss) $ 63 $ (135)
Per Common Share    
Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share) $ 1.38 $ (2.94)
Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share) $ 1.33 $ (2.94)
Weighted-Average Number of Common Shares Outstanding - Basic (in shares) 45,612 45,849
Weighted-Average Number of Common Shares Outstanding - Diluted (in shares) 47,431 45,849
Energy and other revenues    
Operating revenues $ 1,034 $ 582
Capacity revenues    
Operating revenues 207 49
Unrealized gain (loss) on derivative instruments (Note 2)    
Operating revenues $ (112) $ (241)