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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 4,530 $ 4,092 $ 12,924 $ 11,587
OPERATING EXPENSES        
Depreciation and amortization 586 550 1,726 1,601
Taxes, other than income taxes 953 857 2,794 2,448
TOTAL OPERATING EXPENSES 3,562 3,230 10,476 9,364
Loss on sale of the Clean Energy Businesses 0 0 0 (30)
OPERATING INCOME 968 862 2,448 2,193
OTHER INCOME (DEDUCTIONS)        
Investment income 18 17 51 46
Other income 208 157 623 476
Allowance for equity funds used during construction 16 8 52 29
Other deductions (11) (17) (33) (44)
TOTAL OTHER INCOME 231 165 693 507
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,199 1,027 3,141 2,700
INTEREST EXPENSE (INCOME)        
Interest on long-term debt 292 275 875 797
Other interest expense 31 47 96 131
Allowance for borrowed funds used during construction (14) (16) (49) (45)
NET INTEREST EXPENSE 309 306 922 883
INCOME BEFORE INCOME TAX EXPENSE 890 721 2,219 1,817
INCOME TAX EXPENSE 202 133 493 307
NET INCOME FOR COMMON STOCK $ 688 $ 588 $ 1,726 $ 1,510
Net income per common share - basic (dollars per share) $ 1.91 $ 1.70 $ 4.84 $ 4.37
Net income per common share - diluted (dollars per share) $ 1.90 $ 1.69 $ 4.83 $ 4.35
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 360.7 346.2 356.4 345.9
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 361.9 347.5 357.6 347.2
Electric        
OPERATING REVENUES        
TOTAL OPERATING REVENUES $ 4,040 $ 3,669 $ 9,718 $ 8,849
Gas        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 433 373 2,686 2,312
OPERATING EXPENSES        
Operating costs 113 67 646 402
Steam        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 56 49 517 423
Non-utility        
OPERATING REVENUES        
TOTAL OPERATING REVENUES 1 1 3 3
Purchased power        
OPERATING EXPENSES        
Operating costs 905 743 2,276 1,942
Fuel        
OPERATING EXPENSES        
Operating costs 40 27 194 130
Other operations and maintenance        
OPERATING EXPENSES        
Operating costs $ 965 $ 986 $ 2,840 $ 2,841