CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($) $ in Millions	3 Months Ended	6 Months Ended
Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating Revenues
Total operating revenues	$ 5,902	$ 5,898	$ 12,783	$ 11,881
Operating Expenses
Operating and maintenance	2,536	2,860	5,648	5,506
Wildfire-related claims, net of recoveries	0	50	0	99
Wildfire Fund expense	126	109	228	185
Depreciation, amortization, and decommissioning	1,062	1,073	2,228	2,170
Total operating expenses	4,639	4,802	10,050	9,565
Operating Income	1,263	1,096	2,733	2,316
Interest income	110	181	232	298
Interest expense	(796)	(792)	(1,599)	(1,526)
Other income, net	97	84	213	154
Income Before Income Taxes	674	569	1,579	1,242
Income tax provision (benefit)	(87)	20	(67)	59
Net Income	761	549	1,646	1,183
Preferred stock dividend requirement	28	28	55	55
Income Available for Common Shareholders	733	521	1,591	1,128
Income Available for Common Shareholders	733	521	1,591	1,128
Utility
Operating Revenues
Total operating revenues	5,902	5,898	12,783	11,881
Operating Expenses
Operating and maintenance	2,537	2,854	5,641	5,492
Wildfire-related claims, net of recoveries	0	50	0	99
Wildfire Fund expense	126	109	228	185
Depreciation, amortization, and decommissioning	1,062	1,073	2,228	2,170
Total operating expenses	4,640	4,796	10,043	9,551
Operating Income	1,262	1,102	2,740	2,330
Interest income	107	179	223	293
Interest expense	(699)	(713)	(1,416)	(1,368)
Other income, net	100	83	218	154
Income Before Income Taxes	770	651	1,765	1,409
Income tax provision (benefit)	(61)	39	(20)	102
Net Income	831	612	1,785	1,307
Preferred stock dividend requirement	4	4	7	7
Income Available for Common Shareholders	827	608	1,778	1,300
Income Available for Common Shareholders	827	608	1,778	1,300
Electric
Operating Revenues
Total operating revenues	4,388	4,414	9,355	8,549
Operating Expenses
Cost of electricity and natural gas	800	599	1,361	998
Electric \| Utility
Operating Revenues
Total operating revenues	4,388	4,414	9,355	8,549
Operating Expenses
Cost of electricity and natural gas	800	599	1,361	998
Natural gas
Operating Revenues
Total operating revenues	1,514	1,484	3,428	3,332
Operating Expenses
Cost of electricity and natural gas	115	111	585	607
Natural gas \| Utility
Operating Revenues
Total operating revenues	1,514	1,484	3,428	3,332
Operating Expenses
Cost of electricity and natural gas	$ 115	$ 111	$ 585	$ 607

The current period expense, as reported in the income statement, charged against earnings on long-lived, physical assets used in the normal conduct of business and not intended for resale to allocate or recognize the cost of assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset. Examples include buildings, production equipment and customer lists.

No definition available.