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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 34 $ 13
Accounts receivable 237 164
Inventory 92 85
Regulatory assets 31 28
Prepaid and other current assets 40 28
Total current assets 434 318
Non-current assets    
Property, plant and equipment (net of accumulated depreciation and amortization of $3,010 and $2,892, respectively) 13,832 13,196
Goodwill 950 950
Regulatory assets 219 197
Other non-current assets 155 173
Total non-current assets 15,156 14,516
TOTAL ASSETS 15,590 14,834
Current liabilities    
Accounts payable 180 141
Accrued compensation 68 71
Accrued interest 101 77
Accrued taxes 98 81
Regulatory liabilities 19 23
Refundable deposits and advances for construction 74 54
Debt maturing within one year 100 636
Other current liabilities 17 25
Total current liabilities 657 1,108
Accrued pension and postretirement liabilities 29 27
Deferred income taxes 1,726 1,662
Regulatory liabilities 762 759
Long-term debt 8,864 7,840
Other non-current liabilities 86 81
Total non-current liabilities 11,467 10,369
TOTAL LIABILITIES 12,124 11,477
COMMITMENTS AND CONTINGENT LIABILITIES (Notes 5 and 12)
STOCKHOLDER’S EQUITY    
Common stock, without par value, 235,000,000 shares authorized, 224,203,112 shares issued and outstanding 892 892
Retained earnings 2,552 2,444
Accumulated other comprehensive income 22 21
Total stockholder’s equity 3,466 3,357
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY $ 15,590 $ 14,834