v3.26.1
CONSOLIDATED BALANCE SHEET (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and temporary cash investments $ 1,470 $ 1,629
Accounts receivable – customers, net allowance for uncollectible accounts of $458 and $507 in 2026 and 2025, respectively 2,559 2,583
Other receivables, net allowance for uncollectible accounts of $10 and $35 in 2026 and 2025, respectively 176 232
Accrued unbilled revenue 668 821
Taxes receivable 64 11
Fuel oil, gas in storage, materials and supplies, at average cost 534 530
Prepayments 440 381
Regulatory assets 271 103
Revenue decoupling mechanism receivable 242 213
Fair value of derivative assets 197 86
Other current assets 169 161
TOTAL CURRENT ASSETS 6,790 6,750
INVESTMENTS 1,101 1,213
UTILITY PLANT, AT ORIGINAL COST    
General 4,744 4,576
TOTAL 70,369 68,451
Less: Accumulated depreciation 16,933 16,463
Net 53,436 51,988
Construction work in progress 3,666 3,414
NET UTILITY PLANT 57,102 55,402
NON-UTILITY PLANT    
Non-utility property, net accumulated depreciation of $25 in 2026 and 2025 2 1
NET PLANT 57,104 55,403
OTHER NONCURRENT ASSETS    
Goodwill 406 406
Regulatory assets 5,681 5,599
Pension and retiree benefits 4,328 4,227
Operating lease right-of-use asset 468 489
Fair value of derivative assets 145 126
Other deferred charges and noncurrent assets 436 390
TOTAL OTHER NONCURRENT ASSETS 11,464 11,237
TOTAL ASSETS 76,459 74,603
CURRENT LIABILITIES    
Long-term debt due within one year 250 250
Term loan 0 500
Notes payable 721 1,575
Accounts payable 1,772 1,947
Customer deposits 548 498
Accrued taxes 97 104
Accrued interest 229 223
Accrued wages 150 140
Fair value of derivative liabilities 20 46
Regulatory liabilities 534 249
System benefit charge 391 415
Operating lease liabilities 125 123
Customer credits 277 253
Other current liabilities 240 291
TOTAL CURRENT LIABILITIES 5,354 6,614
NONCURRENT LIABILITIES    
Provision for injuries and damages 186 201
Pensions and retiree benefits 582 564
Superfund and other environmental costs 1,078 1,079
Asset retirement obligations 489 478
Fair value of derivative liabilities 3 8
Deferred income taxes and unamortized investment tax credits 10,127 9,619
Operating lease liabilities 381 377
Regulatory liabilities 5,124 5,374
Other deferred credits and noncurrent liabilities 573 548
TOTAL NONCURRENT LIABILITIES 18,543 18,248
LONG-TERM DEBT 26,843 25,551
Commitments, Contingencies, and Guarantees (Note B, Note G, and Note H)
SHAREHOLDERS' EQUITY    
Common stock, $0.10 par value, 500 shares authorized, shares outstanding of 370 and 361, respectively 40 39
Treasury stock, $0.10 par value, 34 shares (2,017) (2,017)
Additional paid-in-capital 12,394 11,436
Retained earnings 15,441 14,857
Accumulated other comprehensive income 12 15
Capital stock expense (151) (140)
TOTAL SHAREHOLDERS' EQUITY 25,719 24,190
TOTAL LIABILITIES AND EQUITY 76,459 74,603
Electric    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 45,885 44,488
Gas    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost 16,450 16,127
Steam    
UTILITY PLANT, AT ORIGINAL COST    
Utility plant, at original cost $ 3,290 $ 3,260