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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (UNAUDITED) - USD ($)
$ in Millions
Sep. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 44 $ 13
Accounts receivable 222 164
Inventory 101 85
Regulatory assets 31 28
Prepaid and other current assets 46 28
Total current assets 444 318
Non-current assets    
Property, plant and equipment (net of accumulated depreciation and amortization of $3,067 and $2,892, respectively) 14,165 13,196
Goodwill 950 950
Regulatory assets 202 197
Other non-current assets 139 173
Total non-current assets 15,456 14,516
TOTAL ASSETS 15,900 14,834
Current liabilities    
Accounts payable 215 141
Accrued compensation 72 71
Accrued interest 114 77
Accrued taxes 50 81
Regulatory liabilities 20 23
Refundable deposits and advances for construction 94 54
Debt maturing within one year 999 636
Other current liabilities 21 25
Total current liabilities 1,585 1,108
Accrued pension and postretirement liabilities 28 27
Deferred income taxes 1,748 1,662
Regulatory liabilities 869 759
Long-term debt 8,025 7,840
Other non-current liabilities 94 81
Total non-current liabilities 10,764 10,369
TOTAL LIABILITIES 12,349 11,477
COMMITMENTS AND CONTINGENT LIABILITIES (Notes 5 and 12)
STOCKHOLDER’S EQUITY    
Common stock, without par value, 235,000,000 shares authorized, 224,203,112 shares issued and outstanding 892 892
Retained earnings 2,634 2,444
Accumulated other comprehensive income 25 21
Total stockholder’s equity 3,551 3,357
TOTAL LIABILITIES AND STOCKHOLDER’S EQUITY $ 15,900 $ 14,834