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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING ACTIVITIES    
Net income $ 720 $ 1,430
PRINCIPAL NON-CASH CHARGES/(CREDITS) TO INCOME    
Depreciation and amortization 539 499
Deferred income taxes 188 (81)
Rate case amortization and accruals 49 22
Net derivative gains 0 12
Pre-tax gain on sale of the Clean Energy Businesses 30 (855)
Other non-cash items, net (49) (86)
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable – customers (215) 219
Allowance for uncollectible accounts – customers 34 (78)
Materials and supplies, including fuel oil and gas in storage 27 76
Revenue decoupling mechanism receivable (78) 25
Other receivables and other current assets 98 (13)
Unbilled revenue and net unbilled revenue deferrals (26) 48
Prepayments (554) (564)
Accounts payable (178) (543)
Pensions and retiree benefits obligations, net (86) (43)
Pensions and retiree benefits contributions (4) (5)
Accrued taxes (13) 252
Accrued interest 128 97
Superfund and environmental remediation costs (6) (3)
Distributions from equity investments 0 6
Deferred charges, noncurrent assets, leases, net and other regulatory assets 30 (321)
Deferred credits, noncurrent liabilities and other regulatory liabilities 86 (28)
Other current liabilities (147) 26
NET CASH FLOWS FROM OPERATING ACTIVITIES 573 92 Close
INVESTING ACTIVITIES    
Utility construction expenditures (1,237) (1,050)
Cost of removal less salvage (107) (94)
Non-utility construction expenditures 0 (140)
Proceeds from sale of the Clean Energy Businesses, net of cash and cash equivalents sold 0 3,927
Other investing activities 0 (25)
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES (1,344) 2,618 Close
FINANCING ACTIVITIES    
Net (payment)/issuance of short-term debt 11 (2,629)
Issuance of long-term debt 0 500
Retirement of long-term debt 0 (60)
Debt issuance costs (1) (4)
Common stock dividends (274) (284)
Issuance of common shares for stock plans 15 15
Repurchase of common shares 0 (1,000)
Distribution to noncontrolling interest 0 (4)
NET CASH FLOWS USED IN FINANCING ACTIVITIES (249) (3,466) Close
CASH, TEMPORARY CASH INVESTMENTS, AND RESTRICTED CASH:    
NET CHANGE FOR THE PERIOD (1,020) (756) Close
BALANCE AT BEGINNING OF PERIOD 1,195 1,530
BALANCE AT END OF PERIOD 175 774
Total cash, temporary cash investments and restricted cash 175 774
LESS: CHANGE IN CASH BALANCES HELD FOR SALE 6 3
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 169 771
Cash paid during the period for:    
Interest, net of capitalized interest 135 156
Income taxes 3 10
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Construction expenditures in accounts payable 441 444
Issuance of common shares for dividend reinvestment 13 4
Software Licenses    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Capital expenditures incurred but unpaid as of end of period 0 2
Equipment    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Capital expenditures incurred but unpaid as of end of period $ 11 $ 17