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INCOME TAXES - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Income Tax Disclosure [Abstract]        
Income before income taxes $ 560 $ 470 $ 1,125 $ 1,198
Federal income tax expense at statutory rate (21%) 118 99 236 252
Increases (reductions) in tax expense resulting from:        
State and municipal income taxes, net of federal tax benefit 33 25 76 49
AFUDC equity and other flow-through (6) (15) (19) (25)
Deductions associated with certain equity method investments (14) 0 (14) 0
Deferred taxes related to sale of equity interest in FET, net 0 0 7 0
Excess deferred tax amortization due to the Tax Act (13) 2 (40) (30)
Federal tax credits claimed 0 (2) 0 (2)
Nondeductible SEC and OOCIC settlements 0 0 27 0
Remeasurement of excess deferred taxes (21) 0 (21) 0
Uncertain tax positions 0 50 0 50
Valuation allowances (3) (122) 33 (113)
Other, net 0 (8) 9 12
Total income taxes $ 94 $ 29 $ 294 $ 193
Effective income tax rate 16.80% 6.20% 26.10% 16.10%