v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Segment Reporting
Three Months Ended June 30, 2026
RetailTexasEastWestAsset ClosureTotal Reportable Segments
(in millions)
Operating revenues (a)$3,610 $1,418 $954 $71 $— $6,053 
Reconciliation of consolidated operating revenues:
Corporate and Other(2,036)
Total consolidated operating revenues$4,017 
Fuel, purchased power costs, and delivery fees (b)(2,838)(363)(594)(15)— 
Operating costs(37)(293)(410)(16)(97)
Selling, general, and administrative expenses(231)(45)(44)(2)(16)
Other segment items:
Depreciation and amortization(10)(184)(216)(14)(3)
Interest expenses and related charges(10)10 24 4 (1)
Other (c)— 49 120 — 1 
Total reportable segment net income (loss)$484 $592 $(166)$28 $(116)$822 
Reconciliation to consolidated income before income taxes:
Corporate and Other — net loss(517)
Corporate and Other — income tax expense122 
Total consolidated income before income taxes$427 
____________
(a)See Note 3 for disaggregated revenue by segment. Includes intersegment sales eliminated in Corporate and Other.
(b)Includes nuclear fuel amortization of $30 million and $86 million, respectively, in the Texas and East segments.
(c)Other includes other income, net.
Three Months Ended June 30, 2025
RetailTexasEastWestAsset ClosureTotal Reportable Segments
(in millions)
Operating revenues (a)$3,532 $1,788 $1,480 $25 $20 $6,845 
Reconciliation of consolidated operating revenues:
Corporate and Other(2,595)
Total consolidated operating revenues$4,250 
Fuel, purchased power costs, and delivery fees (b)(3,321)(468)(746)(35)— 
Operating costs(37)(277)(355)(18)(45)
Selling, general, and administrative expenses(256)(43)(58)(7)(19)
Other segment items:
Depreciation and amortization(24)(167)(316)(16)1 
Interest expenses and related charges(17)18 8 1 (1)
Other (c)— 12 107 — 1 
Total reportable segment net income (loss)$(123)$863 $120 $(50)$(43)$767 
Reconciliation to consolidated income before income taxes:
Corporate and Other — net loss(440)
Corporate and Other — income tax expense76 
Total consolidated income before income taxes$403 
____________
(a)See Note 3 for disaggregated revenue by segment. Includes intersegment sales eliminated in Corporate and Other.
(b)Includes nuclear fuel amortization of $30 million and $92 million, respectively, in the Texas and East segments.
(c)Other includes other income, net.
Six Months Ended June 30, 2026
RetailTexasEastWestAsset ClosureTotal Reportable Segments
(in millions)
Operating revenues (a)$7,299 $4,405 $3,214 $160 $6 $15,084 
Reconciliation of consolidated operating revenues:
Corporate and Other(5,427)
Total consolidated operating revenues$9,657 
Fuel, purchased power costs, and delivery fees (b)(6,935)(779)(1,978)(40)— 
Operating costs(75)(554)(783)(32)(109)
Selling, general, and administrative expenses(487)(104)(94)(5)(31)
Other segment items:
Depreciation and amortization(20)(358)(481)(28)(6)
Interest expenses and related charges(23)24 46 7 (1)
Other (c)1 49 86 — 5 
Total reportable segment net income (loss)$(240)$2,683 $10 $62 $(136)$2,379 
Reconciliation to consolidated income before income taxes:
Corporate and Other — net loss(1,045)
Corporate and Other — income tax expense305 
Total consolidated income before income taxes$1,639 
Capital expenditures, excluding growth expenditures$7 $380 $305 $47 $— $739 
Reconciliation to consolidated capital expenditures, including nuclear fuel and excluding growth expenditures
Corporate and Other — nuclear fuel net purchases315 
Total capital expenditures, including nuclear fuel and excluding growth expenditures$1,054 
____________
(a)See Note 3 for disaggregated revenue by segment. Includes intersegment sales eliminated in Corporate and Other.
(b)Includes nuclear fuel amortization of $66 million and $176 million, respectively, in the Texas and East segments.
(c)Other includes other income, net.
Six Months Ended June 30, 2025
RetailTexasEastWestAsset ClosureTotal Reportable Segments
(in millions)
Operating revenues (a)$6,700 $1,998 $2,860 $182 $24 $11,764 
Reconciliation of consolidated operating revenues:
Corporate and Other(3,581)
Total consolidated operating revenues$8,183 
Fuel, purchased power costs, and delivery fees (b)(5,033)(965)(1,918)(87)— 
Operating costs(77)(535)(682)(30)(101)
Selling, general, and administrative expenses(499)(84)(116)(9)(36)
Other segment items:
Depreciation and amortization(47)(317)(632)(31)2 
Interest expenses and related charges(35)32 20 2 (2)
Other (c)— 14 98 — 2 
Total reportable segment net income (loss)$1,009 $143 $(370)$27 $(111)$698 
Reconciliation to consolidated loss before income taxes:
Corporate and Other — net loss(639)
Corporate and Other — income tax benefit(100)
Total consolidated loss before income taxes$(41)
Capital expenditures, excluding growth expenditures$8 $577 $303 $69 $— $957 
Reconciliation to consolidated capital expenditures, including nuclear fuel and excluding growth expenditures
Corporate and Other — nuclear fuel net purchases329 
Total capital expenditures, including nuclear fuel and excluding growth expenditures$1,286 
____________
(a)See Note 3 for disaggregated revenue by segment. Includes intersegment sales eliminated in Corporate and Other.
(b)Includes nuclear fuel amortization of $61 million and $176 million, respectively, in the Texas and East segments.
(c)Other includes other income, net.