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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 3,595 $ 3,220 $ 8,393 $ 7,495
OPERATING EXPENSES        
Depreciation and amortization 576 512 1,140 1,051
Taxes, other than income taxes 894 782 1,841 1,590
TOTAL OPERATING EXPENSES 3,240 2,900 6,913 6,134
Loss on sale of the Clean Energy Businesses 0 0 0 (30)
OPERATING INCOME 355 320 1,480 1,331
OTHER INCOME (DEDUCTIONS)        
Investment income 17 11 33 30
Other income 214 155 415 319
Allowance for equity funds used during construction 18 10 36 20
Other deductions (8) (16) (22) (27)
TOTAL OTHER INCOME 241 160 462 342
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE (BENEFIT) 596 480 1,942 1,673
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 292 267 584 522
Other interest expense 26 36 64 83
Allowance for borrowed funds used during construction (18) (15) (36) (28)
NET INTEREST EXPENSE 300 288 612 577
INCOME BEFORE INCOME TAX EXPENSE (BENEFIT) 296 192 1,330 1,096
INCOME TAX EXPENSE (BENEFIT) 50 (10) 292 174
NET INCOME FOR COMMON STOCK $ 246 $ 202 $ 1,038 $ 922
Net income per common share - basic (dollars per share) $ 0.68 $ 0.58 $ 2.93 $ 2.67
Net income (loss) per common share - diluted (dollars per share) $ 0.68 $ 0.58 $ 2.92 $ 2.66
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 360.4 345.9 354.5 345.7
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 361.7 347.1 355.8 346.9
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 2,777 $ 2,550 $ 5,678 $ 5,180
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 711 582 2,253 1,939
OPERATING EXPENSES        
Operating costs 171 68 533 335
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 106 88 460 374
Non-utility        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 1 0 2 2
Purchased power        
OPERATING EXPENSES        
Operating costs 649 556 1,370 1,199
Fuel        
OPERATING EXPENSES        
Operating costs 27 15 154 103
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 923 $ 967 $ 1,875 $ 1,856