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, non-affiliates $ 258 $ 232 $ 681 $ 633
Electric, affiliates 72 59 204 170
Natural gas 19 18 127 110
Other 1 1 1 1
Total operating revenues 350 310 1,013 914
Operating expenses        
Electric fuel and purchased power, non-affiliates 8 4 22 11
Purchased power, affiliates 111 114 280 316
Cost of natural sold and transported 7 6 58 48
Operating and maintenance expenses 74 58 205 181
Conservation program expenses 3 3 10 9
Depreciation and amortization 56 51 164 150
Taxes (other than income taxes) 9 8 27 25
Total operating expenses 268 244 766 740
Operating income 82 66 247 174
Other income, net 2 2 1 2
Allowance for funds used during construction — equity 7 6 18 17
Interest charges and financing costs        
Interest charges and other financing costs 26 21 70 57
Allowance for funds used during construction — debt (4) (2) (9) (7)
Total interest charges and financing costs 22 19 61 50
Income before income taxes 69 55 205 143
Income tax expense 16 12 48 32
Net income $ 53 $ 43 $ 157 $ 111