Condensed Statements of Consolidated Income (Unaudited) - USD ($) shares in Thousands, $ in Millions |
3 Months Ended | 6 Months Ended | ||||
|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Revenues: | ||||||
| Utility revenues | $ 1,892 | $ 1,789 | $ 4,499 | $ 4,506 | | |
| Non-utility revenues | 13 | 86 | 26 | 148 | | |
| Total | 1,905 | 1,875 | 4,525 | 4,654 | ||
| Expenses: | | |||||
| Utility natural gas, fuel and purchased power | 233 | 280 | 1,020 | 1,358 | | |
| Non-utility cost of revenues, including natural gas | 0 | 57 | 1 | 97 | | |
| Operation and maintenance | 678 | 679 | 1,387 | 1,342 | | |
| Depreciation and amortization | 386 | 349 | 749 | 668 | | |
| Taxes other than income taxes | 141 | 130 | 285 | 268 | | |
| Total | 1,438 | 1,495 | 3,442 | 3,733 | ||
| Operating Income | 467 | 380 | 1,083 | 921 | | |
| Total Operating Expenses | 1451.0 | 1581.0 | 3468.0 | 3881.0 | 0 | |
| Other Income (Expense): | | |||||
| Gain (loss) on equity securities | 19 | (31) | (64) | 7 | | |
| Gain (loss) on indexed debt securities | (18) | 34 | 67 | (5) | | |
| Loss on sale | 0 | (12) | 0 | (12) | | |
| Interest expense and other finance charges | (212) | (165) | (410) | (313) | | |
| Interest expense on Securitization Bonds | (5) | (2) | (11) | (4) | | |
| Other income, net | 10 | 13 | 24 | 26 | | |
| Total Other Income Expenses | -412.0 | -326.0 | -788.0 | -602.0 | 0.0 | |
| Total | (206) | (163) | (394) | (301) | | |
| Income Before Income Taxes | 261 | 217 | 689 | 620 | | |
| Income tax expense | 33 | 99 | 111 | 177 | | |
| Net Income | 228 | 118 | 578 | 443 | | |
| Income allocated to preferred shareholders | 0 | 12 | 0 | 24 | ||
| Income Available to Common Shareholders | $ 228 | $ 106 | $ 578 | $ 419 | ||
| Basic Earnings Per Common Share (in dollars per share) | $ 0.36 | $ 0.17 | $ 0.91 | $ 0.66 | ||
| Diluted Earnings Per Common Share (in dollars per share) | $ 0.36 | $ 0.17 | $ 0.91 | $ 0.66 | ||
| Weighted Average Common Shares Outstanding, Basic (in shares) | 640,754 | 631,057 | 636,491 | 630,685 | ||
| Weighted Average Common Shares Outstanding, Diluted (in shares) | 641,816 | 633,005 | 637,893 | 633,030 | ||
| X | ||||||||||
- Definition This item represents the net total realized and unrealized gain (loss) included in earnings for the period related to indexed debt securities. No definition available.
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- Definition Interest and Debt Expense and Other Charges No definition available.
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- Definition Interest and debt related expenses associated with transition and system restoration bonds. No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount before tax of gain (loss) recognized on the sale or disposal of a disposal group. Excludes discontinued operations. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of unrealized and realized gain (loss) on investment in equity security measured at fair value with change in fair value recognized in net income (FV-NI). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
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- Definition The total amount of regulated operating revenues recognized during the period. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition All taxes not related to income of the entity or excise or sales taxes levied on the revenue of the entity that are not reported elsewhere. These taxes could include production, real estate, personal property, and pump tax. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of unregulated operating revenues recognized during the period. No definition available.
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- Definition Amount of operating expense for purchased gas and petroleum of regulated operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of operating expenses for the period that are associated with the utility's normal revenue producing operation; including selling, general, and administrative expenses, costs incurred for routine plant repairs and maintenance, and operations. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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