v3.26.3
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Operating Activities:    
Net income $ 176 $ 122
Non-cash items included in net income:    
Depreciation and amortization 210 216
Provision for (benefit from) deferred income taxes 27 (2)
Power and natural gas cost deferrals, net (32) (41)
Amortization of debt expense 2 2
Stock-based compensation expense 12 8
Equity-related AFUDC (11) (8)
Pension and other postretirement benefit expense 10 11
Other regulatory assets and liabilities 15 32
Other deferred debits and credits 45 49
Change in decoupling regulatory deferral (40) 3
Realized and unrealized losses on assets and investments 7 2
Equity method (earnings) losses (46) 10
Other 5 1
Distributions from equity method investments 27 0
Contributions to defined benefit pension plan (10) (10)
Cash received for settlement of interest rate swap agreements 0 1
Changes in certain current assets and liabilities:    
Accounts and notes receivable 64 42
Inventory (40) (36)
Collateral for derivative instruments (9) 18
Income taxes receivable 28 (5)
Other current assets 16 (16)
Accounts payable (35) (18)
Other current liabilities 14 13
Net cash provided by operating activities 435 394
Investing Activities:    
Utility property capital expenditures (excluding equity-related AFUDC) (511) (379)
Repayments from notes receivable 0 6
Issuance of notes receivable (4) 0
Investments made in equity investments and property (15) (3)
Other 5 3
Net cash used in investing activities (525) (373)
Financing Activities:    
Net decrease in short-term borrowings (56) (67)
Proceeds from issuance of long-term debt 230 140
Maturity of long-term debt and finance leases (2) (3)
Issuance of common stock, net of issuance costs 58 45
Cash dividends paid (124) (119)
Other (3) (3)
Net cash provided by (used in) financing activities 103 (7)
Net increase in cash and cash equivalents 13 14
Cash and cash equivalents at beginning of period 19 30
Cash and cash equivalents at end of period $ 32 $ 44