v3.26.3
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Operating revenues        
Electric $ 1,282 $ 1,209 $ 3,242 $ 3,105
Natural gas 180 183 935 1,070
Other 8 8 27 28
Total operating revenues 1,470 1,400 4,204 4,203
Operating expenses        
Electric fuel and purchased power 317 378 911 1,007
Cost of natural gas sold and transported 33 36 308 380
Cost of sales — other 1 1 4 4
Operating and maintenance expenses 260 234 727 714
Demand side management expenses 63 62 179 174
Depreciation and amortization 309 276 904 819
Taxes (other than income taxes) 73 73 218 214
Marshall Wildfire litigation 1 287 (18) 287
Total operating expenses 1,057 1,347 3,233 3,599
Operating income 413 53 971 604
Other income, net 6 12 22 28
Allowance for funds used during construction — equity 79 45 190 97
Interest charges and financing costs        
Interest charges and other financing costs 147 113 411 314
Allowance for funds used during construction — debt (30) (18) (77) (40)
Total interest charges and financing costs 117 95 334 274
Income before income taxes 381 15 849 455
Income tax expense (benefit) 18 (33) 25 (7)
Net income $ 363 $ 48 $ 824 $ 462