v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 35 $ 76
Accounts receivable, net 410 460
Inventories 126 124
Regulatory assets-current 255 168
Other current assets 218 244
Total current assets 1,044 1,072
Electric utility plant, net 11,535 10,993
Regulatory assets-noncurrent 521 619
Nuclear decommissioning trust 46 42
Non-qualified benefit plan trust 38 36
Other noncurrent assets 459 468
Total assets 13,643 13,230
Current liabilities:    
Accounts payable 451 330
Liabilities from price risk management activities-current 140 158
Current portion of finance lease obligation 27 27
Accrued expenses and other current liabilities 451 478
Total current liabilities 1,069 993
Long-term debt, net of current portion 4,928 4,662
Regulatory liabilities-noncurrent 1,507 1,490
Deferred income taxes 639 601
Deferred investment tax credits 190 194
Unfunded status of pension and postretirement plans 94 107
Liabilities from price risk management activities-noncurrent 66 56
Asset retirement obligations 301 299
Non-qualified benefit plan liabilities 67 70
Finance lease obligations, net of current portion 256 263
Other noncurrent liabilities 403 362
Total liabilities 9,520 9,097
Commitments and contingencies (see notes)
Shareholders' Equity:    
Preferred stock, no par value, 30,000,000 shares authorized; none issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Common stock, no par value, 160,000,000 shares authorized; 115,785,254 and 115,559,079 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 2,385 2,382
Accumulated other comprehensive loss (4) (4)
Retained earnings 1,742 1,755
Total shareholders' equity 4,123 4,133
Total liabilities and shareholders' equity $ 13,643 $ 13,230