v3.26.1
STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues        
Operating revenues $ 389 $ 508 $ 919 $ 1,029
Operating expenses        
Electric fuel and purchased power 18 158 216 374
Operating and maintenance expenses 85 83 171 171
Demand side management expenses 6 6 11 11
Depreciation and amortization 125 115 244 227
Taxes (other than income taxes) 29 25 55 50
Total operating expenses 263 387 697 833
Operating income 126 121 222 196
Other income, net 3 3 3 4
Allowance for funds used during construction — equity 14 6 28 11
Interest charges and financing costs        
Interest charges and other financing costs 51 48 103 94
Allowance for funds used during construction — debt (7) (3) (13) (6)
Total interest charges and financing costs 44 45 90 88
Income before income taxes 99 85 163 123
Income tax benefit (24) (16) (44) (37)
Net income $ 123 $ 101 $ 207 $ 160