v3.26.1
Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenue:        
Revenues $ 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
SPPC        
Operating revenue:        
Revenues 280 258 552 543
Operating expenses:        
Cost of sales 131 119 262 262
Operations and maintenance 69 61 140 121
Depreciation and amortization 48 40 93 80
Property and other taxes 6 6 13 12
Total operating expenses 254 226 508 475
Operating income 26 32 44 68
Other income (expense):        
Interest expense (36) (24) (67) (48)
Allowance for borrowed funds 9 3 17 6
Allowance for equity funds 28 9 53 19
Interest and dividend income 3 3 7 6
Other, net 3 2 7 4
Total other income (expense) 7 (7) 17 (13)
Income before income tax expense (benefit) and equity income (loss) 33 25 61 55
Income tax expense (benefit) (3) 3 (2) 6
Net income (loss) attributable to parent 36 22 63 49
SPPC | Regulated electric        
Operating revenue:        
Revenues 262 235 497 471
Operating expenses:        
Cost of sales 127 110 240 225
SPPC | Regulated natural gas        
Operating revenue:        
Revenues 18 23 55 72
Operating expenses:        
Cost of sales $ 4 $ 9 $ 22 $ 37