v3.26.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating activities    
Net Income (Loss) $ 157 $ 111
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 166 151
Deferred income taxes 14 19
Allowance for equity funds used during construction (18) (17)
Provision for bad debts 2 1
Changes in operating assets and liabilities:    
Accounts receivable (5) 44
Accrued unbilled revenues 14 17
Inventories (18) (18)
Other current assets 10 15
Accounts payable 21 12
Net regulatory assets and liabilities 15 (17)
Other current liabilities 31 10
Pension and other employee benefit obligations (4) (7)
Other, net 4 2
Net cash provided by operating activities 389 323
Investing activities    
Capital/construction expenditures (573) (418)
Investments in utility money pool arrangement (92) (128)
Repayments from utility money pool arrangement 92 143
Net cash used in investing activities (573) (403)
Financing activities    
Repayments of short-term borrowings, net 0 (35)
Borrowings under utility money pool arrangement 192 159
Repayments under utility money pool arrangement (200) (159)
Proceeds from long-term debt 249 240
Capital contributions from parent 137 153
Dividends paid to parent (69) (54)
Net cash provided by financing activities 309 304
Net change in cash, cash equivalents and restricted cash 125 224
Cash, cash equivalents and restricted cash at beginning of period 8 8
Cash, cash equivalents and restricted cash at end of period 133 232
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (49) (40)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 154 75
Inventory transfers to property, plant and equipment 9 11
Allowance for equity funds used during construction $ 18 $ 17