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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Total operating revenues $ 5,898 $ 5,986 $ 11,881 $ 11,847
Operating Expenses        
Operating and maintenance 2,860 2,757 5,506 5,393
Wildfire-related claims, net of recoveries 50 (3) 99 (4)
Wildfire Fund expense 109 78 185 156
Depreciation, amortization, and decommissioning 1,073 1,053 2,170 2,075
Total operating expenses 4,802 4,852 9,565 9,437
Operating Income 1,096 1,134 2,316 2,410
Interest income 181 202 298 339
Interest expense (792) (812) (1,526) (1,527)
Other income, net 84 82 154 158
Income Before Income Taxes 569 606 1,242 1,380
Income tax provision 20 82 59 121
Net Income 549 524 1,183 1,259
Preferred stock dividend requirement 28 4 55 7
Income Available for Common Shareholders 521 520 1,128 1,252
Income Available for Common Shareholders $ 521 $ 520 $ 1,128 $ 1,252
Weighted Average Common Shares Outstanding, Basic (in shares) 2,198 2,137 2,196 2,136
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,203 2,142 2,201 2,141
Net Income Per Common Share, Basic (in dollars per share) $ 0.24 $ 0.24 $ 0.51 $ 0.59
Net Income Per Common Share, Diluted (in dollars per share) $ 0.24 $ 0.24 $ 0.51 $ 0.58
Electric        
Operating Revenues        
Total operating revenues $ 4,414 $ 4,458 $ 8,549 $ 8,510
Operating Expenses        
Cost of electricity and natural gas 599 763 998 1,084
Natural gas        
Operating Revenues        
Total operating revenues 1,484 1,528 3,332 3,337
Operating Expenses        
Cost of electricity and natural gas $ 111 $ 204 $ 607 $ 733