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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
Utility revenues:        
Utility revenues, exclusive of alternative revenue programs $ 422 $ 411 $ 1,367 $ 1,435
Alternative revenue programs (1) (8) 37 (4)
Total operating revenues 421 403 1,404 1,431
Utility operating expenses:        
Resource costs 132 115 465 501
Other operating expenses 121 125 385 377
Depreciation and amortization 75 73 210 216
Taxes other than income taxes 27 27 89 91
Non-utility operating expenses 0 3 1 4
Total operating expenses 355 343 1,150 1,189
Income from operations 66 60 254 242
Interest expense 41 38 120 113
Interest expense to affiliated trusts 0 1 1 2
Capitalized interest (2) (1) (6) (4)
Other income-net (6) (8) (17) (16)
Income before income taxes and equity method earnings (losses) 33 30 156 147
Income tax expense 7 2 26 15
Equity method earnings (losses) 23 1 46 (10)
Net income and Comprehensive income $ 49 $ 29 $ 176 $ 122
Weighted-average common shares outstanding (thousands), basic 83,754 81,232 83,051 80,721
Weighted-average common shares outstanding (thousands), diluted 83,804 81,278 83,089 80,787
Earnings per common share:        
Basic $ 0.58 $ 0.36 $ 2.11 $ 1.51
Diluted $ 0.57 $ 0.36 $ 2.11 $ 1.51