v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE 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        
Transmission and other services $ 593 $ 515 $ 1,523 $ 1,363
Formula Rate true-up (117) (61) (99) (25)
Total operating revenues 476 454 1,424 1,338
OPERATING EXPENSES        
Operation and maintenance 33 36 94 95
General and administrative 30 37 125 111
Depreciation and amortization 94 88 278 258
Taxes other than income taxes 45 44 143 136
Total operating expenses 202 205 640 600
OPERATING INCOME 274 249 784 738
OTHER EXPENSES (INCOME)        
Interest expense, net 102 92 299 272
Allowance for equity funds used during construction (18) (12) (46) (32)
Other expenses (income), net (4) (4) (14) (9)
Total other expenses (income) 80 76 239 231
INCOME BEFORE INCOME TAXES 194 173 545 507
INCOME TAX PROVISION 45 40 124 120
Net Income (Loss) Attributable to Parent, Total 149 133 421 387
OTHER COMPREHENSIVE INCOME (LOSS)        
Derivative instruments, net of tax 3 (1) 4 (8)
TOTAL OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX 3 (1) 4 (8)
TOTAL COMPREHENSIVE INCOME $ 152 $ 132 $ 425 $ 379