v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating Activities:    
Net income $ 127 $ 93
Non-cash items included in net income:    
Depreciation and amortization 135 143
Provision for (benefit from) deferred income taxes 14 (5)
Power and natural gas cost deferrals, net (13) (6)
Amortization of debt expense 1 1
Stock-based compensation expense 9 7
Equity-related AFUDC (7) (5)
Pension and other postretirement benefit expense 7 7
Other regulatory assets and liabilities 16 30
Other deferred debits and credits 41 33
Change in decoupling regulatory deferral (40) (4)
Realized and unrealized (gains) losses on assets and investments 5 2
Equity method (earnings) losses (23) 11
Other 9 0
Distributions from equity method investments 14 0
Contributions to defined benefit pension plan (7) (7)
Changes in certain current assets and liabilities:    
Accounts and notes receivable 62 28
Inventory (28) (24)
Collateral for derivative instruments (1) (1)
Income taxes receivable 23 (3)
Other current assets (1) (44)
Accounts payable (36) (19)
Other current liabilities (6) (13)
Net cash provided by operating activities 301 224
Investing Activities:    
Utility property capital expenditures (excluding equity-related AFUDC) (326) (246)
Issuance of notes receivable (3) 0
Investments made in equity investments and property (9) (3)
Other 4 1
Net cash used in investing activities (334) (248)
Financing Activities:    
Net (decrease) increase in short-term borrowings (92) 51
Proceeds from issuance of long-term debt 160 0
Maturity of long-term debt and finance leases (2) (2)
Issuance of common stock, net of issuance costs 58 35
Cash dividends paid (81) (79)
Other (4) (2)
Net cash provided by financing activities 39 3
Net increase (decrease) in cash and cash equivalents 6 (21)
Cash and cash equivalents at beginning of period 19 30
Cash and cash equivalents at end of period $ 25 $ 9