v3.26.3
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 133 $ 8
Accrued unbilled revenues 50 64
Inventories 39 33
Regulatory assets 37 26
Prepaid taxes 22 28
Prepayments and other 6 11
Total current assets 381 271
Property, Plant, and Equipment, after Accumulated Depreciation, Depletion, and Amortization [Abstract]    
Property, plant and equipment, net 4,735 4,213
Other assets    
Regulatory assets 153 164
Other 12 14
Total other assets 165 178
Total assets 5,281 4,662
Current liabilities    
Borrowings under utility money pool arrangement 0 8
Dividends payable to parent 25 17
Regulatory liabilities 29 29
Taxes accrued 27 18
Accrued interest 26 15
Other 32 26
Total current liabilities 367 254
Deferred credits and other liabilities    
Deferred income taxes 396 375
Regulatory liabilities 466 437
Customer advances 31 28
Pension and employee benefit obligations 14 17
Other 38 38
Total deferred credits and other liabilities 945 895
Commitments and contingencies
Capitalization    
Long-term debt 1,896 1,647
Common stock — 1,000,000 shares authorized of $100 par value; 933,000 shares outstanding at Sept. 30, 2026 and Dec. 31, 2025, respectively $ 93 $ 93
Common stock, shares authorized (in shares) 1,000,000 1,000,000
Common stock, par value (in dollars per share) $ 100 $ 100
Common stock, shares outstanding (in shares) 933,000 933,000
Common Stock, Shares Issued, Not Disclosed true true
Additional paid in capital $ 1,340 $ 1,213
Retained earnings 640 560
Total common stockholder's equity 2,073 1,866
Total liabilities and equity 5,281 4,662
Nonrelated Party    
Current assets    
Accounts receivable, net 83 78
Current liabilities    
Accounts payable 194 123
Affiliated Entity    
Current assets    
Accounts receivable, net 11 23
Current liabilities    
Accounts payable $ 34 $ 18