v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income $ 113 $ 162
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 287 279
Deferred income taxes 13 25
Allowance for equity funds used during construction (9) (11)
Alternative revenue programs (19) (5)
Regulatory assets 3 (3)
Regulatory liabilities 4 (16)
Tax credit sales 12 13
Other non-cash income and expenses, net 61 49
Changes in working capital:    
Accounts receivable, net 47 52
Inventories (2) (9)
Margin deposits 50 85
Accounts payable and accrued liabilities (53) (35)
Margin deposits from wholesale counterparties 8 0
Other working capital items, net 12 22
Other, net (39) (41)
Net cash provided by operating activities 488 567
Cash flows from investing activities:    
Capital expenditures (635) (596)
Sales of Nuclear decommissioning trust securities 3 1
Purchases of Nuclear decommissioning trust securities (3) (3)
Other, net (15) (11)
Net cash used in investing activities (650) (609)
Cash flows from financing activities:    
Proceeds from Issuance of long-term debt 270 310
Payments on long-term debt 0 (102)
Dividends paid (120) (109)
Other (29) (13)
Net cash provided by financing activities 121 86
Change in cash and cash equivalents (41) 44
Cash and cash equivalents, beginning of period 76 12
Cash and cash equivalents, end of period 35 56
Supplemental cash flow information is as follows:    
Cash paid for interest, net of amounts capitalized 103 94
Cash received for income taxes, net $ (2) $ (3)