CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Operating revenues | ||||||||
| Electric | $ 2,659 | $ 2,601 | $ 5,344 | $ 5,364 | ||||
| Natural gas | 355 | 393 | 1,296 | 1,681 | ||||
| Other | 14 | 28 | 37 | 57 | ||||
| Total operating revenues | 3,028 | 3,022 | 6,677 | 7,102 | | | ||
| Operating expenses | ||||||||
| Electric fuel and purchased power | 855 | 1,030 | 1,803 | 2,147 | ||||
| Cost of natural gas sold and transported | 118 | 170 | 601 | 1,014 | ||||
| Cost of sales — other | 1 | 11 | 9 | 23 | ||||
| Operating and maintenance expenses | 662 | 628 | 1,267 | 1,278 | ||||
| Conservation and demand side management expenses | 86 | 63 | 183 | 139 | ||||
| Depreciation and amortization | 703 | 565 | 1,361 | 1,189 | ||||
| Taxes, Other | 154 | 137 | 325 | 321 | ||||
| Total operating expenses | 2,579 | 2,604 | 5,549 | 6,111 | | | ||
| Operating income | 449 | 418 | 1,128 | 991 | | | ||
| Other income, net | 22 | 11 | 36 | 16 | | | | |
| Earnings from equity method investments | 8 | 9 | 16 | 20 | | |||
| Allowance for funds used during construction — equity | 38 | 18 | 75 | 37 | | |||
| Interest charges and financing costs | | |||||||
| Interest charges — includes other financing costs | 319 | 268 | 610 | 521 | | |||
| Allowance for funds used during construction — debt | (16) | (12) | (30) | (22) | | |||
| Total interest charges and financing costs | 303 | 256 | 580 | 499 | | |||
| Total Other Income Expenses | 674.0 | 550.0 | 1287.0 | 1071.0 | 0.0 | |
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| Income before income taxes | 214 | 200 | 675 | 565 | | | | |
| Income tax benefit | (88) | (88) | (115) | (141) | | | ||
| Net income | $ 302 | $ 288 | $ 790 | $ 706 | | | ||
| Weighted average common shares outstanding: | ||||||||
| Basic (in shares) | 557 | 551 | 556 | 551 | ||||
| Diluted (in shares) | [1] | 557 | 552 | 556 | 551 | |||
| Earnings per average common share: | ||||||||
| Basic (in dollars per share) | $ 0.54 | $ 0.52 | $ 1.42 | $ 1.28 | ||||
| Diluted (in dollars per share) | $ 0.54 | $ 0.52 | $ 1.42 | $ 1.28 | ||||
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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 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 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 income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. 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 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 Other costs incurred during the reporting period related to other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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 component of the allowance for funds used during construction during the period based on an assumed rate of return on equity funds used in financing the construction of regulated assets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The total amount of operating revenues recognized during the period. No definition available.
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- Definition The amount of regulated gas operating revenues recognized during the period. No definition available.
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- References No definition available.
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- Definition Amount of tax expense classified as other. No definition available.
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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 depreciation and amortization 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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- References No definition available.
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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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- Definition Costs incurred for energy conservation, weatherization and other programs to conserve or manage energy use by customers. No definition available.
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- Definition Cost of natural Gas Sold and Transported No definition available.
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- Definition Electric Fuel and Purchased Power No definition available.
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- Definition The component of the allowance for funds used during construction during the period based on an assumed rate of return on debt capital used in financing the construction of regulated assets. No definition available.
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- Definition Regulated Operating Revenue, Electric No definition available.
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