CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 569	$ 111
Restricted cash	45	43
Receivables-
Customers	1,647	1,585
Less — Allowance for uncollectible customer receivables	50	55
Receivables	1,597	1,530
Other, net of allowance for uncollectible accounts of $10 in 2025 and $6 in 2024	291	303
Materials and supplies, at average cost	595	549
Prepaid taxes and other	372	240
Total current assets	3,469	2,776
PROPERTY, PLANT AND EQUIPMENT:
In service	54,344	52,896
Less — Accumulated provision for depreciation	15,003	14,548
Property, plant and equipment in service net of accumulated provision for depreciation	39,341	38,348
Construction work in progress	3,324	2,754
Total property, plant and equipment	42,665	41,102
INVESTMENTS AND OTHER NONCURRENT ASSETS:
Goodwill	5,618	5,618
Investments (Note 6)	668	652
Regulatory assets	765	617
Other	1,045	1,279
Total investments and other noncurrent assets	8,096	8,166
TOTAL ASSETS	54,230	52,044
CURRENT LIABILITIES:
Currently payable long-term debt	1,672	977
Short-term borrowings	400	550
Accounts payable	1,826	1,575
Accrued interest	303	269
Accrued taxes	683	727
Accrued compensation and benefits	271	205
Customer deposits	241	233
Dividends payable	0	245
Other	251	216
Total current liabilities	5,647	4,997
NONCURRENT LIABILITIES:
Long-term debt and other long-term obligations	23,746	22,496
Accumulated deferred income taxes	5,830	5,613
Retirement benefits	1,697	1,698
Regulatory liabilities	1,013	995
Other	2,126	2,525
Total noncurrent liabilities	34,412	33,327
TOTAL LIABILITIES	40,059	38,324
Common stockholders’ equity-
Common stock, $0.10 par value, authorized 700,000,000 shares - 577,403,931 and 576,612,245 shares outstanding as of June 30, 2025 and December 31, 2024, respectively.	58	58
Other paid-in capital	12,393	12,368
Accumulated other comprehensive loss	(14)	(14)
Retained earnings	414	43
Total common stockholders’ equity	12,851	12,455
Noncontrolling interest	1,320	1,265
TOTAL EQUITY	14,171	13,720
COMMITMENTS, GUARANTEES AND CONTINGENCIES (NOTE 10)
TOTAL LIABILITIES AND EQUITY	54,230	52,044
Customer
Receivables-
Customers	1,647	1,585
Less — Allowance for uncollectible customer receivables	50	55
Receivables	$ 1,597	$ 1,530