v3.26.1
Consolidated Statements of Operations (Unaudited) - PAC - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues $ 6,686 $ 6,394 $ 13,358 $ 12,760
Operating expenses:        
Cost of fuel and energy 1,376 1,434 3,046 2,965
Operating income 1,278 1,004 2,736 2,387
Other income (expense):        
Interest expense (791) (709) (1,537) (1,395)
Allowance for borrowed funds 47 45 92 85
Allowance for equity funds 94 81 174 147
Interest and dividend income 67 63 121 125
Other, net 61 45 53 30
Total other income (expense) (502) (459) (1,082) (889)
Income before income tax expense (benefit) and equity income (loss) 776 545 1,654 1,498
Income tax expense (benefit) (333) (357) (763) (756)
Net income (loss) attributable to parent 891 702 2,005 1,889
PAC        
Revenues 1,801 1,810 3,609 3,578
Operating expenses:        
Cost of fuel and energy 640 723 1,395 1,441
Operations and maintenance 474 479 937 903
Depreciation and amortization 315 372 625 671
Property and other taxes 63 60 130 119
Total operating expenses 1,492 1,634 3,087 3,134
Operating income 309 176 522 444
Other income (expense):        
Interest expense (270) (202) (497) (389)
Allowance for borrowed funds 22 24 43 46
Allowance for equity funds 27 31 47 58
Interest and dividend income 42 32 69 60
Other, net 12 11 8 11
Total other income (expense) (167) (104) (330) (214)
Income before income tax expense (benefit) and equity income (loss) 142 72 192 230
Income tax expense (benefit) (53) (33) (74) (52)
Net income (loss) attributable to parent $ 195 $ 105 $ 266 $ 282