v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Utility revenues:        
Utility revenues, exclusive of alternative revenue programs $ 398 $ 399 $ 945 $ 1,024
Alternative revenue programs 15 12 38 4
Total operating revenues 413 411 983 1,028
Utility operating expenses:        
Resource costs 127 130 333 386
Other operating expenses 136 124 264 252
Depreciation and amortization 68 72 135 143
Taxes other than income taxes 27 28 62 64
Non-utility operating expenses 1 0 1 1
Total operating expenses 359 354 795 846
Income from operations 54 57 188 182
Interest expense 39 37 79 75
Interest expense to affiliated trusts 1 0 1 1
Capitalized interest (2) (1) (4) (3)
Other income-net (4) (2) (11) (8)
Income before income taxes and equity method earnings (losses) 20 23 123 117
Income tax expense 6 1 19 13
Equity method earnings (losses) 21 (8) 23 (11)
Net income and Comprehensive income $ 35 $ 14 $ 127 $ 93
Weighted-average common shares outstanding (thousands), basic 83,060 80,715 82,700 80,466
Weighted-average common shares outstanding (thousands), diluted 83,109 80,774 82,732 80,542
Earnings per common share:        
Basic $ 0.43 $ 0.17 $ 1.54 $ 1.15
Diluted $ 0.43 $ 0.17 $ 1.54 $ 1.15