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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 4,280 $ 4,403 Close
OPERATING EXPENSES    
Depreciation and amortization 539 499
Taxes, other than income taxes 808 765
TOTAL OPERATING EXPENSES 3,239 3,519 Close
Gain (Loss) on sale of the Clean Energy Businesses (30) 855 Close
OPERATING INCOME 1,011 1,739 Close
OTHER INCOME (DEDUCTIONS)     Close
Investment income 19 8 Close
Other income 164 204 Close
Allowance for equity funds used during construction 10 6 Close
Other deductions (11) (22) Close
TOTAL OTHER INCOME 182 196 CloseClose
Total Other Income Expenses 364.0 392.0 0.0 0 0 Close
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,193 1,935 CloseClose
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 255 251
Other interest expense 48 24
Allowance for borrowed funds used during construction (14) (13)
NET INTEREST EXPENSE 289 262
INCOME BEFORE INCOME TAX EXPENSE 904 1,673
INCOME TAX EXPENSE 184 243 Close
NET INCOME 720 1,430 Close
Loss attributable to non-controlling interest 0 (3)
NET INCOME $ 720 $ 1,433
Net income per common share - basic (dollars per share) $ 2.08 $ 4.06
Net income per common share - diluted (dollars per share) $ 2.08 $ 4.05
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 345.5 352.9
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 346.8 354.2
Electric    
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 2,636 $ 2,538
Gas    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,356 1,430
OPERATING EXPENSES    
Operating costs 267 468
Steam    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 287 306
Non-utility    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1 129
Purchased power    
OPERATING EXPENSES    
Operating costs 649 702
Fuel    
OPERATING EXPENSES    
Operating costs 88 189
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 888 $ 896