v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 818 $ 732
Adjustments to reconcile net income to net cash from operating activities-    
Depreciation and amortization 592 771
Winter Storm Fern deferred purchase power costs, net (Note 9.) (145) 0
Deferred income taxes and investment tax credits, net 218 156
Employee benefit costs, net (9) 0
Transmission revenue collections, net 23 103
New Jersey ZEC refund, net (Note 9.) 79 0
Changes in current assets and liabilities-    
Receivables 11 (55)
Materials and supplies 18 (46)
Prepaid taxes and other current assets (143) (129)
Accounts payable 82 278
Accrued taxes (30) (38)
Accrued interest 14 34
Accrued compensation and benefits (58) 13
Other current liabilities (45) (50)
Ohio settlement customer restitution and refunds (Note 9.) (266) 0
Cash collateral, net 9 22
Employee benefit plan funding and related payments (22) (24)
Other (9) (48)
Net cash provided from operating activities 1,137 1,719
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital investments (2,600) (2,233)
Sales of investment securities held in trusts 33 30
Purchases of investment securities held in trusts (39) (36)
Asset removal costs (222) (167)
Other 0 (8)
Net cash used for investing activities (2,828) (2,414)
New financing-    
Long-term debt 2,075 4,125
Short-term borrowings, net 1,051 0
Redemptions and repayments-    
Long-term debt (694) (2,155)
Short-term borrowings, net 0 (150)
Noncontrolling interest cash distributions (50) (49)
Common stock dividend payments (526) (502)
Debt issuance and redemption costs, and other (73) (114)
Net cash provided from financing activities 1,783 1,155
Net change in cash, cash equivalents, and restricted cash 92 460
Cash, cash equivalents, and restricted cash at beginning of period 99 154
Cash, cash equivalents, and restricted cash at end of period 191 614
Significant non-cash transactions:    
Accrued capital investments 400 325
Transfer of McElroy’s Run CCR impoundment facility $ 0 $ 99