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CONSOLIDATED STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
OPERATING ACTIVITIES    
Net income $ 1,510 $ 2,182
PRINCIPAL NON-CASH CHARGES (CREDITS) TO INCOME    
Depreciation and amortization 1,601 1,506
Deferred income taxes 448 99
Rate case amortization and accruals 174 67
Net derivative losses 0 11
Pre-tax loss (gain) on sale of the Clean Energy Businesses 30 (866)
Other non-cash items, net (96) (108)
CHANGES IN ASSETS AND LIABILITIES    
Accounts receivable – customers, net (129) 133
Materials and supplies, including fuel oil and gas in storage (3) 53
Revenue decoupling mechanism receivable 27 (130)
Other receivables, net and other current assets 209 165
Unbilled revenue and net unbilled revenue deferrals 31 78
Prepayments (902) (841)
Accounts payable (199) (573)
Pensions and retiree benefits obligations, net (162) (150)
Pensions and retiree benefits contributions (21) (30)
Accrued taxes (14) (1)
Accrued interest 159 108
Superfund and environmental remediation costs (27) (7)
Distributions from equity investments 15 23
Deferred charges, noncurrent assets, leases, net and other regulatory assets (677) (624)
Deferred credits, noncurrent liabilities and other regulatory liabilities 400 (24)
Other current liabilities (70) 110
NET CASH FLOWS FROM OPERATING ACTIVITIES 2,304 1,181 Close
INVESTING ACTIVITIES    
Utility construction expenditures (3,533) (3,097)
Cost of removal less salvage (335) (289)
Non-utility construction expenditures 0 (141)
Proceeds from sale of the Clean Energy Businesses, net of cash and cash equivalents sold 0 3,927
Other investing activities (21) (48)
NET CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES (3,889) 352 Close
FINANCING ACTIVITIES    
Net payment of short-term debt (229) (1,160)
Issuance of long-term debt 1,525 500
Retirement of long-term debt 0 (60)
Debt issuance costs (25) (5)
Common stock dividends (824) (829)
Issuance of common shares for stock plans 45 41
Repurchase of common shares 0 (1,000)
Distribution to noncontrolling interest 0 (4)
NET CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES 492 (2,517) Close
CASH, TEMPORARY CASH INVESTMENTS, AND RESTRICTED CASH:    
NET CHANGE FOR THE PERIOD (1,093) (984) Close
BALANCE AT BEGINNING OF PERIOD 1,195 1,530
BALANCE AT END OF PERIOD 102 546
Total cash, temporary cash investments and restricted cash 102 546
LESS: CHANGE IN CASH AND RESTRICTED CASH BALANCES HELD FOR SALE 9 6
BALANCE AT END OF PERIOD EXCLUDING HELD FOR SALE 93 540
Cash paid during the period for:    
Interest, net of capitalized interest 657 624
Income taxes 6 360
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Construction expenditures in accounts payable 496 419
Issuance of common shares for dividend reinvestment 37 20
Equipment    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INFORMATION    
Equipment acquired but unpaid as of end of period $ 6 $ 11