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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
OPERATING REVENUES      
TOTAL OPERATING REVENUES $ 15,256 $ 14,663 $ 15,670
OPERATING EXPENSES      
Depreciation and amortization 2,155 2,031 2,056
Taxes, other than income taxes 3,280 3,043 3,005
TOTAL OPERATING EXPENSES 12,524 12,332 13,046
Gain (Loss) on sale of the Clean Energy Businesses (62) 865 0
OPERATING INCOME 2,670 3,196 2,624
OTHER INCOME (DEDUCTIONS)      
Investment income 62 62 20
Other income 635 834 402
Allowance for equity funds used during construction 38 26 19
Other deductions (80) (92) (115)
TOTAL OTHER INCOME 655 830 326
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 3,325 4,026 2,950
INTEREST EXPENSE (INCOME)      
Interest on long-term debt 1,084 962 987
Other interest expense (income) 166 113 (99)
Allowance for borrowed funds used during construction (63) (52) (36)
NET INTEREST EXPENSE 1,187 1,023 852
INCOME BEFORE INCOME TAX EXPENSE 2,138 3,003 2,098
INCOME TAX EXPENSE 318 487 498
NET INCOME 1,820 2,516 1,600
Loss attributable to non-controlling interest 0 (3) (60)
NET INCOME FOR COMMON STOCK $ 1,820 $ 2,519 $ 1,660
Net income per common share — basic (in dollars per share) $ 5.26 $ 7.25 $ 4.68
Net income per common share — diluted (in dollars per share) $ 5.24 $ 7.21 $ 4.66
AVERAGE NUMBER OF SHARES OUTSTANDING — BASIC (in shares) 346.0 347.7 354.5
AVERAGE NUMBER OF SHARES OUTSTANDING — DILUTED (in shares) 347.3 349.3 355.8
Electric      
OPERATING REVENUES      
TOTAL OPERATING REVENUES $ 11,568 $ 10,835 $ 10,522
Gas      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 3,107 3,127 3,237
OPERATING EXPENSES      
Operating costs 599 829 1,245
Steam      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 578 569 593
Non-utility      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 3 132 1,318
Purchased power      
OPERATING EXPENSES      
Operating costs 2,569 2,541 2,479
Fuel      
OPERATING EXPENSES      
Operating costs 170 282 356
Other operations and maintenance      
OPERATING EXPENSES      
Operating costs $ 3,751 $ 3,606 $ 3,905