v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Property, plant and equipment $ 39,544 $ 37,955
Accumulated depreciation (7,627) (7,379)
Property, plant and equipment, net 31,917 30,576
Current assets:    
Cash and cash equivalents 191 98
Restricted funds 18 21
Accounts receivable, net of allowance for uncollectible accounts of $65 and $58, respectively 432 395
Income tax receivable 122 9
Unbilled revenues 512 433
Materials and supplies 110 112
Secured seller promissory note from the sale of the Homeowner Services Group 0 795
Other 324 328
Total current assets 1,709 2,191
Regulatory and other long-term assets:    
Regulatory assets 1,176 1,132
Operating lease right-of-use assets 81 85
Goodwill 1,282 1,156
Other 288 302
Total regulatory and other long-term assets 2,827 2,675
Total assets 36,453 35,442
Capitalization:    
Common stock ($0.01 par value; 500,000,000 shares authorized; 204,215,977 and 200,605,170 shares issued, respectively) 2 2
Paid-in-capital 9,140 8,642
Retained earnings 2,911 2,575
Accumulated other comprehensive income 8 6
Treasury stock, at cost (5,487,769 and 5,428,008 shares, respectively) (396) (388)
Total common shareholders' equity 11,665 10,837
Long-term debt 14,043 12,777
Redeemable preferred stock at redemption value 3 3
Total long-term debt 14,046 12,780
Total capitalization 25,711 23,617
Current liabilities:    
Short-term debt 1,499 1,588
Current portion of long-term debt 446 1,479
Accounts payable 326 378
Accrued liabilities 555 830
Accrued taxes 84 134
Accrued interest 147 140
Other 212 198
Total current liabilities 3,269 4,747
Regulatory and other long-term liabilities:    
Advances for construction 481 435
Deferred income taxes and investment tax credits 3,456 3,190
Regulatory liabilities 1,416 1,416
Operating lease liabilities 70 74
Accrued pension expense 152 167
Other 223 166
Total regulatory and other long-term liabilities 5,798 5,448
Contributions in aid of construction 1,675 1,630
Commitments and contingencies (See Note 11)
Total capitalization and liabilities $ 36,453 $ 35,442