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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Utility revenues:      
Utility revenues, exclusive of alternative revenue programs $ 1,902 $ 1,746 $ 1,743
Alternative revenue programs 35 5 (34)
Total utility revenues 1,937 1,751 1,709
Non-utility revenues 1 1 1
Total operating revenues 1,938 1,752 1,710
Utility operating expenses:      
Resource costs 798 702 736
Other operating expenses 442 414 405
Depreciation and amortization 274 265 253
Taxes other than income taxes 116 110 114
Non-utility operating expenses 2 3 12
Total operating expenses 1,632 1,494 1,520
Income from operations 306 258 190
Interest expense 147 141 118
Interest expense to affiliated trusts 3 3 1
Capitalized interest (5) (4) (4)
Other income-net (22) (19) (63)
Income before income taxes 183 137 138
Income tax expense (benefit) 3 (34) (17)
Net income $ 180 $ 171 $ 155
Weighted-average common shares outstanding (thousands), basic 78,725 76,396 72,989
Weighted-average common shares outstanding (thousands), diluted 78,820 76,495 73,093
Earnings per common share:      
Basic $ 2.29 $ 2.24 $ 2.13
Diluted $ 2.29 $ 2.24 $ 2.12