Consolidated Balance Sheet - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS
Cash and temporary cash investments	$ 1,629	$ 1,324
Accounts receivable – customers, net allowance for uncollectible accounts of $507 and $620 in 2025 and 2024, respectively	2,583	2,440
Other receivables, net allowance for uncollectible accounts of $35 and $41 in 2025 and 2024, respectively	232	292
Taxes receivable	11	145
Accrued unbilled revenue	821	848
Fuel oil, gas in storage, materials and supplies, at average cost	530	485
Prepayments	381	445
Regulatory assets	103	141
Revenue decoupling mechanism receivable	213	202
Fair value of derivative assets	86	15
Assets held for sale	0	133
Other current assets	161	194
TOTAL CURRENT ASSETS	6,750	6,664
INVESTMENTS	1,213	1,126
UTILITY PLANT, AT ORIGINAL COST
General	4,576	4,851
TOTAL	68,451	64,371
Less: Accumulated depreciation	16,463	15,384
Net	51,988	48,987
Construction work in progress	3,414	3,165
NET UTILITY PLANT	55,402	52,152
NON-UTILITY PLANT
Non-utility property, net accumulated depreciation of $25 in 2025 and 2024	1	12
Construction work in progress	0	1
NET PLANT	55,403	52,165
OTHER NONCURRENT ASSETS
Goodwill	406	408
Regulatory assets	5,599	5,523
Pension and retiree benefits	4,227	3,791
Operating lease right-of-use asset	489	493
Fair value of derivative assets	126	27
Other deferred charges and noncurrent assets	390	365
TOTAL OTHER NONCURRENT ASSETS	11,237	10,607
TOTAL ASSETS	74,603	70,562
CURRENT LIABILITIES
Long-term debt due within one year	250	0
Term loan	500	500
Notes payable	1,575	2,170
Accounts payable	1,947	1,676
Customer deposits	498	412
Accrued taxes	104	70
Accrued interest	223	199
Accrued wages	140	127
Fair value of derivative liabilities	46	52
Regulatory liabilities	249	102
System benefit charge	415	447
Operating lease liabilities	123	118
Liabilities held for sale	0	79
Other current liabilities	544	481
TOTAL CURRENT LIABILITIES	6,614	6,433
NONCURRENT LIABILITIES
Provision for injuries and damages	201	181
Pensions and retiree benefits	564	551
Superfund and other environmental costs	1,079	1,037
Asset retirement obligations	478	453
Fair value of derivative liabilities	8	96
Deferred income taxes and unamortized investment tax credits	9,619	8,874
Operating lease liabilities	377	386
Regulatory liabilities	5,374	5,444
Other deferred credits and noncurrent liabilities	548	494
TOTAL NONCURRENT LIABILITIES	18,248	17,516
LONG-TERM DEBT	25,551	24,651
COMMITMENTS, CONTINGENCIES, AND GUARANTEES (Note B, Note G, and Note H)
Common stock, $0.10 par value, 500 shares authorized, shares outstanding of 361 and 347, respectively	39	38
Treasury stock, $0.10 par value, 34 shares	(2,017)	(2,017)
Additional paid-in-capital	11,436	9,986
Retained earnings	14,857	14,048
Accumulated other comprehensive income	15	29
Capital stock expense	(140)	(122)
Total Shareholders’ Equity	24,190	21,962
TOTAL LIABILITIES AND EQUITY	74,603	70,562
Electric
UTILITY PLANT, AT ORIGINAL COST
UTILITY PLANT, AT ORIGINAL COST	44,488	41,206
Gas
UTILITY PLANT, AT ORIGINAL COST
UTILITY PLANT, AT ORIGINAL COST	16,127	15,127
Steam
UTILITY PLANT, AT ORIGINAL COST
UTILITY PLANT, AT ORIGINAL COST	$ 3,260	$ 3,187