CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 732	$ 365
Adjustments to reconcile net income to net cash from operating activities-
Depreciation, amortization and impairments	756	763
Charges associated with changes in ARO	(3)	207
Deferred income taxes and investment tax credits, net	156	165
Employee benefit costs, net	0	(13)
Transmission revenue collections, net	103	28
Changes in current assets and liabilities-
Receivables	(55)	(216)
Materials and supplies	(46)	(24)
Prepaid taxes and other current assets	(129)	(155)
Accounts payable	278	119
Accrued taxes	(38)	(111)
Accrued interest	34	(8)
Accrued compensation and benefits	13	(159)
Other current liabilities	(50)	49
Collateral, net	22	91
Employee benefit plan funding and related payments	(24)	(31)
Other	(30)	2
Net cash provided from operating activities	1,719	1,072
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital investments	(2,223)	(1,732)
Sales of investment securities held in trusts	30	17
Purchases of investment securities held in trusts	(36)	(24)
Asset removal costs	(167)	(135)
Other	(18)	(2)
Net cash used for investing activities	(2,414)	(1,876)
New financing-
Long-term debt	4,125	400
Short-term borrowings, net	0	20
Redemptions and repayments-
Long-term debt	(2,155)	(1,386)
Short-term borrowings, net	(150)	0
Proceeds from FET Equity Interest Sale	0	2,300
Noncontrolling interest cash distributions	(49)	(15)
Common stock dividend payments	(502)	(480)
Debt issuance and redemption costs, and other	(114)	(111)
Net cash provided from financing activities	1,155	728
Net change in cash, cash equivalents, and restricted cash	460	(76)
Cash, cash equivalents, and restricted cash at beginning of period	154	179
Cash, cash equivalents, and restricted cash at end of period	614	103
Significant non-cash transactions:
Accrued capital investments	325	230
McElroy Run Transfer	$ 99	$ 0