v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Property, plant and equipment $ 40,459 $ 37,955
Accumulated depreciation (7,767) (7,379)
Property, plant and equipment, net 32,692 30,576
Current assets:    
Cash and cash equivalents 121 98
Restricted funds 16 21
Accounts receivable, net of allowance for uncollectible accounts of $68 and $58, respectively 473 395
Income tax receivable 93 9
Unbilled revenues 380 433
Materials and supplies 110 112
Secured seller promissory note from the sale of the Homeowner Services Group 0 795
Other 291 328
Total current assets 1,484 2,191
Regulatory and other long-term assets:    
Regulatory assets 1,244 1,132
Operating lease right-of-use assets 91 85
Goodwill 1,307 1,156
Other 409 302
Total regulatory and other long-term assets 3,051 2,675
Total assets 37,227 35,442
Capitalization:    
Common stock ($0.01 par value; 500,000,000 shares authorized; 204,242,057 and 200,605,170 shares issued, respectively) 2 2
Paid-in-capital 9,148 8,642
Retained earnings 3,118 2,575
Accumulated other comprehensive income 12 6
Treasury stock, at cost (5,137,493 and 5,428,008 shares, respectively) (349) (388)
Total common shareholders' equity 11,931 10,837
Long-term debt 13,987 12,777
Redeemable preferred stock at redemption value 3 3
Total long-term debt 13,990 12,780
Total capitalization 25,921 23,617
Current liabilities:    
Short-term debt 1,449 1,588
Current portion of long-term debt 898 1,479
Accounts payable 321 378
Accrued liabilities 591 830
Accrued taxes 106 134
Accrued interest 150 140
Other 271 198
Total current liabilities 3,786 4,747
Regulatory and other long-term liabilities:    
Advances for construction 497 435
Deferred income taxes and investment tax credits 3,538 3,190
Regulatory liabilities 1,312 1,416
Operating lease liabilities 81 74
Accrued pension expense 144 167
Other 241 166
Total regulatory and other long-term liabilities 5,813 5,448
Contributions in aid of construction 1,707 1,630
Commitments and contingencies (See Note 11)
Total capitalization and liabilities $ 37,227 $ 35,442