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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
OPERATING ACTIVITIES    
Net income $ 922 $ 1,655
PRINCIPAL NON-CASH CHARGES (CREDITS) TO INCOME    
Depreciation and amortization 1,051 994
Deferred income taxes 161 (149)
Rate case amortization and accruals 115 44
Net derivative losses 0 12
Pre-tax loss (gain) on sale of the Clean Energy Businesses 30 (867)
Other non-cash items, net (24) (90)
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable – customers (61) 544
Allowance for uncollectible accounts – customers 74 (47)
Materials and supplies, including fuel oil and gas in storage 18 74
Revenue decoupling mechanism receivable (46) (106)
Other receivables and other current assets 167 68
Unbilled revenue and net unbilled revenue deferrals 14 63
Prepayments 32 (56)
Accounts payable (166) (565)
Pensions and retiree benefits obligations, net (123) (88)
Pensions and retiree benefits contributions (9) (10)
Accrued taxes (14) 152
Accrued interest 19 (17)
Superfund and environmental remediation costs (15) (7)
Distributions from equity investments 2 15
Deferred charges, noncurrent assets, leases, net and other regulatory assets (285) (346)
Deferred credits, noncurrent liabilities and other regulatory liabilities 191 (162)
Other current liabilities (141) 53
NET CASH FLOWS FROM OPERATING ACTIVITIES 1,912 1,164 Close
INVESTING ACTIVITIES    
Utility construction expenditures (2,396) (2,097)
Cost of removal less salvage (214) (196)
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 (12) (42)
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES (2,622) 1,452 Close
FINANCING ACTIVITIES    
Net issuance (payment) of short-term debt 164 (1,087)
Issuance of long-term debt 1,400 500
Retirement of long-term debt 0 (60)
Debt issuance costs (23) (4)
Common stock dividends (549) (562)
Issuance of common shares for stock plans 30 27
Repurchase of common shares 0 (1,000)
Distribution to noncontrolling interest 0 (4)
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 1,022 (2,190) Close
CASH, TEMPORARY CASH INVESTMENTS, AND RESTRICTED CASH:    
NET CHANGE FOR THE PERIOD 312 426 Close
BALANCE AT BEGINNING OF PERIOD 1,195 1,530
BALANCE AT END OF PERIOD 1,507 1,956
Total cash, temporary cash investments and restricted cash 1,507 1,956
LESS: CHANGE IN CASH BALANCES HELD FOR SALE 7 1
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 1,500 1,955
Cash paid during the period for:    
Interest, net of capitalized interest 520 500
Income taxes 4 221
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Construction expenditures in accounts payable 482 420
Issuance of common shares for dividend reinvestment 25 7
Equipment    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Equipment acquired but unpaid as of end of period $ 11 $ 17