v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
Current Assets:    
Cash and cash equivalents $ 25 $ 19
Accounts receivable-less allowances of $6 and $5, respectively 153 220
Inventory 264 236
Regulatory assets 179 135
Other current assets 94 119
Total current assets 715 729
Net utility property 6,528 6,319
Goodwill 52 52
Non-current regulatory assets 858 871
Other property and investments-net and other non-current assets 382 388
Total assets 8,535 8,359
Current Liabilities:    
Accounts payable 130 163
Short-term borrowings 226 388
Regulatory liabilities 93 126
Other current liabilities 201 201
Total current liabilities 650 878
Pensions and other postretirement benefits 67 65
Deferred income taxes 808 778
Non-current regulatory liabilities 811 818
Other non-current liabilities and deferred credits 344 305
Total liabilities 5,714 5,650
Commitments and Contingencies (See Notes to Condensed Consolidated Financial Statements)
Shareholders' Equity:    
Common stock, no par value; 200,000 shares authorized; 83,752 and 82,193 shares issued and outstanding, respectively (shares in thousands) 1,871 1,805
Accumulated other comprehensive loss (1) (1)
Retained earnings 951 905
Total shareholders’ equity 2,821 2,709
Total liabilities and equity 8,535 8,359
Non Affiliated Trusts [Member]    
Current Liabilities:    
Long-term debt 2,982 2,754
Affiliated Trusts [Member]    
Current Liabilities:    
Long-term debt $ 52 $ 52