v3.26.1
Consolidated Statements of Operations (Unaudited) - NPC - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenue $ 6,686 $ 6,394 $ 13,358 $ 12,760
Operating expenses:        
Cost of sales 1,376 1,434 3,046 2,965
Total operating expenses 5,408 5,390 10,622 10,373
Operating income 1,278 1,004 2,736 2,387
Other income (expense):        
Interest expense (791) (709) (1,537) (1,395)
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
NPC        
Operating revenue 694 597 1,185 1,028
Operating expenses:        
Cost of sales 332 300 572 513
Operations and maintenance 92 90 182 168
Depreciation and amortization 103 99 207 197
Property and other taxes 17 15 31 29
Total operating expenses 544 504 992 907
Operating income 150 93 193 121
Other income (expense):        
Interest expense (55) (56) (109) (111)
Allowance for borrowed funds 5 6 10 10
Allowance for equity funds 12 12 22 20
Interest and dividend income 3 3 7 6
Other, net 5 5 10 8
Total other income (expense) (30) (30) (60) (67)
Income before income tax expense (benefit) and equity income (loss) 120 63 133 54
Income tax expense (benefit) 14 6 16 5
Net income (loss) attributable to parent $ 106 $ 57 $ 117 $ 49