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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 4,280 $ 4,403
OPERATING EXPENSES    
Depreciation and amortization 539 499
Taxes, other than income taxes 808 765
TOTAL OPERATING EXPENSES 3,239 3,519
Gain (Loss) on sale of the Clean Energy Businesses (30) 855
OPERATING INCOME 1,011 1,739
OTHER INCOME (DEDUCTIONS)    
Investment income 19 8
Other income 164 204
Allowance for equity funds used during construction 10 6
Other deductions (11) (22)
TOTAL OTHER INCOME 182 196
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,193 1,935
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 255 251
Other interest expense 48 24
Allowance for borrowed funds used during construction (14) (13)
NET INTEREST EXPENSE 289 262
INCOME BEFORE INCOME TAX EXPENSE 904 1,673
INCOME TAX EXPENSE 184 243
NET INCOME 720 1,430
Loss attributable to non-controlling interest 0 (3)
NET INCOME $ 720 $ 1,433
Net income per common share - basic (dollars per share) $ 2.08 $ 4.06
Net income per common share - diluted (dollars per share) $ 2.08 $ 4.05
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 345.5 352.9
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 346.8 354.2
Electric    
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 2,636 $ 2,538
Gas    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,356 1,430
OPERATING EXPENSES    
Operating costs 267 468
Steam    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 287 306
Non-utility    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1 129
Purchased power    
OPERATING EXPENSES    
Operating costs 649 702
Fuel    
OPERATING EXPENSES    
Operating costs 88 189
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 888 $ 896