v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY, UTILITY - USD ($)
$ in Millions
Total
Utility
Total Shareholders' Equity
Total Shareholders' Equity
Utility
Preferred Stock
Preferred Stock
Utility
Common Stock
Common Stock
Utility
Additional Paid-in Capital
Utility
Reinvested Earnings
Reinvested Earnings
Utility
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Utility
Beginning balance at Dec. 31, 2024 $ 30,401   $ 30,149 $ 35,550 $ 1,579 $ 258 $ 31,555 $ 1,322 $ 35,930 $ (2,966) $ (1,940) $ (19) $ (20)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 634   634 695           634 695    
Other comprehensive (loss) income 7   7 7               7 7
Equity contribution       450         450        
Common stock dividend (55)   (55) (575)           (55) (575)    
Preferred stock dividend requirement       (3)             (3)    
Ending balance at Mar. 31, 2025 30,937   30,685 36,124 1,579 258 31,532 1,322 36,380 (2,414) (1,823) (12) (13)
Beginning balance at Dec. 31, 2024 30,401   30,149 35,550 1,579 258 31,555 1,322 35,930 (2,966) (1,940) (19) (20)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 2,033 $ 2,220                      
Other comprehensive (loss) income 11 12                      
Ending balance at Sep. 30, 2025 32,230   31,978 37,342 1,579 258 31,588 1,322 37,226 (1,181) (1,455) (8) (9)
Beginning balance at Mar. 31, 2025 30,937   30,685 36,124 1,579 258 31,532 1,322 36,380 (2,414) (1,823) (12) (13)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 549   549 612           549 612    
Other comprehensive (loss) income 8   8 8               8 8
Equity contribution       325         325        
Common stock dividend (56)   (56) (575)           (56) (575)    
Preferred stock dividend requirement       (4)             (4)    
Ending balance at Jun. 30, 2025 31,438   31,186 36,490 1,579 258 31,560 1,322 36,705 (1,949) (1,790) (4) (5)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 850 913 850 913           850 913    
Other comprehensive (loss) income (4) (4) (4) (4)               (4) (4)
Equity contribution       521         521        
Common stock dividend (55)   (55) (575)           (55) (575)    
Preferred stock dividend requirement       (3)             (3)    
Ending balance at Sep. 30, 2025 32,230   31,978 37,342 1,579 258 31,588 1,322 37,226 (1,181) (1,455) (8) (9)
Beginning balance at Dec. 31, 2025 32,792   32,540 37,837 1,579 258 31,636 1,322 37,505 (650) (1,225) (25) (23)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 885   885 954           885 954    
Other comprehensive (loss) income (6)   (6) (6)               (6) (6)
Equity contribution       977         977        
Common stock dividend (111)   (111) (625)           (111) (625)    
Preferred stock dividend requirement       (3)             (3)    
Ending balance at Mar. 31, 2026 33,502   33,250 39,134 1,579 258 31,605 1,322 38,482 97 (899) (31) (29)
Beginning balance at Dec. 31, 2025 32,792   32,540 37,837 1,579 258 31,636 1,322 37,505 (650) (1,225) (25) (23)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 2,422 2,605                      
Other comprehensive (loss) income (11) (11)                      
Ending balance at Sep. 30, 2026 34,825   34,573 40,368 1,579 258 31,672 1,322 39,327 1,357 (505) (35) (34)
Beginning balance at Mar. 31, 2026 33,502   33,250 39,134 1,579 258 31,605 1,322 38,482 97 (899) (31) (29)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 761   761 831           761 831    
Other comprehensive (loss) income (2)   (2) (3)               (2) (3)
Equity contribution       320         320        
Common stock dividend (111)   (111) (625)           (111) (625)    
Preferred stock dividend requirement       (4)             (4)    
Ending balance at Jun. 30, 2026 34,153   33,901 39,653 1,579 258 31,636 1,322 38,802 719 (697) (33) (32)
Increase (Decrease) in Stockholders' Equity [Roll Forward]                          
Net income 776 820 776 820           776 820    
Other comprehensive (loss) income (2) $ (2) (2) (2)               (2) (2)
Equity contribution       525         525        
Common stock dividend (111)   (111) (625)           (111) (625)    
Preferred stock dividend requirement       (3)             (3)    
Ending balance at Sep. 30, 2026 $ 34,825   $ 34,573 $ 40,368 $ 1,579 $ 258 $ 31,672 $ 1,322 $ 39,327 $ 1,357 $ (505) $ (35) $ (34)