v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net Income (Loss) $ 104 $ 68
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 110 100
Deferred income taxes (2) 8
Allowance for equity funds used during construction (11) (11)
Provision for bad debts 2 1
Changes in operating assets and liabilities:    
Accounts receivable 4 30
Accrued unbilled revenues 9 7
Inventories (3) (9)
Other current assets 2 5
Accounts payable (16) 3
Net regulatory assets and liabilities 17 4
Other current liabilities 21 2
Pension and other employee benefit obligations (4) (8)
Other, net 5 1
Net cash provided by operating activities 238 201
Investing activities    
Capital/construction expenditures (350) (272)
Investments in utility money pool arrangement (47) (49)
Repayments from utility money pool arrangement 47 64
Net cash used in investing activities (350) (257)
Financing activities    
Repayments of short-term borrowings, net 0 (35)
Borrowings under utility money pool arrangement 192 159
Repayments under utility money pool arrangement (200) (159)
Proceeds from long-term debt 249 240
Capital contributions from parent 97 108
Dividends paid to parent (42) (31)
Net cash provided by financing activities 296 282
Net change in cash, cash equivalents and restricted cash 184 226
Cash, cash equivalents and restricted cash at beginning of period 8 8
Cash, cash equivalents and restricted cash at end of period 192 234
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (37) (29)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 85 66
Inventory transfers to property, plant and equipment 4 12
Allowance for equity funds used during construction $ 11 $ 11