CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents	$ 155	$ 1,565	[1]
Restricted cash	25	21	[1]
Accounts receivable – trade, net	1,612	1,983	[1]
Accounts receivable – other, net	433	397	[1]
Due from unconsolidated affiliates	3	13	[1]
Income taxes receivable	148	90	[1]
Inventories	625	559	[1]
Prepaid expenses	157	255	[1]
Regulatory assets	343	60	[1]
Fixed-price contracts and other derivatives	142	91	[1]
Greenhouse gas allowances	217	217	[1]
Assets held for sale	273	0	[1]
Other current assets	36	34	[1]
Total current assets	4,169	5,285	[1]
Other assets:
Restricted cash	3	3	[1]
Regulatory assets	4,196	3,937	[1]
Greenhouse gas allowances	1,229	845	[1]
Nuclear decommissioning trusts	878	875	[1]
Dedicated assets in support of certain benefit plans	591	585	[1]
Deferred income taxes	159	172	[1]
Right-of-use assets – operating leases	1,152	1,177	[1]
Investment in Oncor Holdings	16,402	15,400	[1]
Other investments	2,586	2,534	[1]
Goodwill	1,602	1,602	[1]
Other intangible assets	279	292	[1]
Wildfire fund	255	262	[1]
Other long-term assets	1,604	1,749	[1]
Total other assets	30,936	29,433	[1]
Property, plant and equipment:
Property, plant and equipment	84,459	80,397	[1]
Less accumulated depreciation and amortization	(19,657)	(18,960)	[1]
Property, plant and equipment, net	64,802	61,437	[1]
Total assets	99,907	96,155	[1]
Current liabilities:
Short-term debt	2,282	2,016	[1]
Accounts payable – trade	2,026	2,238	[1]
Accounts payable – other	265	208	[1]
Dividends and interest payable	818	773	[1]
Accrued compensation and benefits	402	558	[1]
Regulatory liabilities	54	141	[1]
Current portion of long-term debt and finance leases	1,372	2,274	[1]
Greenhouse gas obligations	217	217	[1]
Total current liabilities	8,607	9,676	[1]
Long-term debt and finance leases	34,936	31,558	[1]
Deferred credits and other liabilities:
Due to unconsolidated affiliates	359	352	[1]
Regulatory liabilities	3,906	3,817	[1]
Greenhouse gas obligations	879	506	[1]
Pension and other postretirement benefit plan obligations, net of plan assets	163	168	[1]
Deferred income taxes	6,161	5,845	[1]
Asset retirement obligations	3,848	3,737	[1]
Deferred credits and other	2,752	2,708	[1]
Total deferred credits and other liabilities	18,068	17,133	[1]
Commitments and contingencies			[1]
Equity:
Common stock	13,518	13,520	[1]
Retained earnings	17,505	16,979	[1]
Accumulated other comprehensive income (loss)	(215)	(166)	[1]
Total shareholders’ equity	31,697	31,222	[1]
Preferred stock of subsidiary	20	20	[1]
Other noncontrolling interests	6,579	6,546	[1]
Total equity	38,296	37,788	[1]
Total liabilities and equity	99,907	96,155	[1]
Related Party
Current assets:
Due from unconsolidated affiliates	3	13
Current liabilities:
Other current liabilities	8	0	[1]
Deferred credits and other liabilities:
Due to unconsolidated affiliates	359	352
Nonrelated Party
Current liabilities:
Other current liabilities	1,163	1,251	[1]
Series C Preferred Stock
Equity:
Preferred stock	$ 889	$ 889	[1]

[1] Derived from audited financial statements.