v3.26.1
BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,080 $ 9
Accrued unbilled revenues 144 144
Inventories 87 84
Regulatory assets 17 24
Derivative instruments 87 79
Prepayments and other 115 271
Total current assets 1,719 795
Property, plant and equipment, net 11,319 10,426
Other assets    
Regulatory assets 401 376
Operating lease right-of-use assets 319 337
Other 64 64
Total other assets 784 777
Total assets 13,822 11,998
Current liabilities    
Short-term debt 45 220
Borrowings under utility money pool arrangement 0 62
Regulatory liabilities 240 118
Taxes accrued 67 74
Accrued interest 41 40
Dividends payable to parent 62 47
Operating lease liabilities 36 36
Other 96 99
Total current liabilities 1,028 1,023
Deferred credits and other liabilities    
Deferred income taxes 740 813
Regulatory liabilities 798 772
Asset retirement obligations 185 174
Pension and employee benefit obligations 11 12
Operating lease liabilities 283 301
Other 17 15
Total deferred credits and other liabilities 2,034 2,087
Capitalization    
Common stock — 200 shares authorized of $1.00 par value; 100 shares outstanding at June 30, 2026 and Dec. 31, 2025, respectively $ 0 $ 0
Common Stock, Shares Authorized 200 200
Common Stock, Par or Stated Value Per Share $ 1.00 $ 1.00
Common Stock, Shares, Outstanding 100 100
Common Stock, Shares Issued, Not Disclosed true true
Additional paid in capital $ 4,827 $ 4,221
Retained earnings 700 622
Accumulated other comprehensive loss (1) (1)
Total common stockholder's equity 5,526 4,842
Total liabilities and equity 13,822 11,998
Nonrelated Party    
Current assets    
Accounts receivable, net 173 159
Current liabilities    
Accounts payable 403 281
Capitalization    
Long-term debt 5,230 4,046
Affiliated Entity    
Current assets    
Accounts receivable, net 16 25
Current liabilities    
Accounts payable 38 46
Related Party    
Capitalization    
Long-term debt $ 4 $ 0