v3.26.1
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 192 $ 8
Accrued unbilled revenues 55 64
Inventories 31 33
Regulatory assets 34 26
Prepaid taxes 29 28
Prepayments and other 6 11
Total current assets 439 271
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization [Abstract]    
Property, plant and equipment, net 4,481 4,213
Other assets    
Regulatory assets 156 164
Other 12 14
Total other assets 168 178
Total assets 5,088 4,662
Current liabilities    
Borrowings under utility money pool arrangement 0 8
Dividends payable to parent 27 17
Regulatory liabilities 32 29
Taxes accrued 28 18
Accrued interest 16 15
Other 34 26
Total current liabilities 258 254
Deferred credits and other liabilities    
Deferred income taxes 380 375
Regulatory liabilities 460 437
Customer advances 31 28
Pension and employee benefit obligations 13 17
Other 38 38
Total deferred credits and other liabilities 922 895
Commitments and contingencies
Capitalization    
Long-term debt 1,896 1,647
Common stock — 1,000,000 shares authorized of $100 par value; 933,000 shares outstanding at June 30, 2026 and Dec. 31, 2025, respectively $ 93 $ 93
Common stock, shares authorized (in shares) 1,000,000 1,000,000
Common stock, par value (in dollars per share) $ 100 $ 100
Common stock, shares outstanding (in shares) 933,000 933,000
Common Stock, Shares Issued, Not Disclosed true true
Additional paid in capital $ 1,307 $ 1,213
Retained earnings 612 560
Total common stockholder's equity 2,012 1,866
Total liabilities and equity 5,088 4,662
Nonrelated Party    
Current assets    
Accounts receivable, net 70 78
Current liabilities    
Accounts payable 110 123
Affiliated Entity    
Current assets    
Accounts receivable, net 22 23
Current liabilities    
Accounts payable $ 11 $ 18