v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and Cash Equivalent $ 246 $ 16
Accrued unbilled revenues 321 356
Inventories 263 277
Regulatory assets 188 170
Prepayments and other 118 520
Total current assets 1,566 1,819
Property, plant and equipment, net 30,160 27,822
Other assets    
Regulatory assets 1,693 1,603
Operating lease right-of-use assets 382 389
Other 310 207
Total other assets 2,385 2,199
Total assets 34,111 31,840
Current liabilities    
Borrowings under utility money pool arrangement 0 27
Short-term debt 0 260
Regulatory liabilities 246 178
Taxes accrued 153 263
Accrued interest 115 101
Dividends payable to parent 133 75
Operating lease liabilities 60 65
Other 168 161
Total current liabilities 1,982 2,259
Deferred credits and other liabilities    
Deferred income taxes 2,182 2,191
Regulatory liabilities 2,809 2,719
Asset retirement obligations 489 473
Customer advances 74 82
Pension and employee benefit obligations 62 66
Operating lease liabilities 323 330
Other 230 138
Total deferred credits and other liabilities 6,169 5,999
Commitments and contingencies
Capitalization    
Long-term debt $ 11,669 $ 10,376
Common Stock, Shares Authorized 100 100
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares, Outstanding 100 100
Common Stock, Shares Issued, Not Disclosed true true
Common stock — 100 shares authorized of $0.01 par value; 100 shares outstanding at June 30, 2026 and Dec. 31, 2025, respectively $ 0 $ 0
Additional paid in capital 11,309 10,409
Retained earnings 2,999 2,815
Accumulated other comprehensive loss (17) (18)
Total common stockholder's equity 14,291 13,206
Total liabilities and equity 34,111 31,840
Affiliated Entity    
Current assets    
Accounts receivable, net 7 0
Current liabilities    
Accounts payable 147 95
Nonrelated Party    
Current assets    
Accounts receivable, net 423 480
Current liabilities    
Accounts payable $ 960 $ 1,034