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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Activities:      
Net income $ 180 $ 171 $ 155
Non-cash items included in net income:      
Depreciation and amortization 274 265 253
Provision for deferred income taxes (5) (37) (18)
Power and natural gas cost amortizations (deferrals), net 104 7 (78)
Amortization of debt expense 2 3 2
Stock-based compensation expense 9 8 9
Equity-related AFUDC (9) (7) (7)
Pension and other postretirement benefit expense 12 14 32
Other regulatory assets and liabilities (28) (34) (15)
Other non-current assets and liabilities 36 26 (5)
Change in decoupling regulatory deferral (35) (3) 33
Realized and unrealized losses (gains) on assets and investments 5 3 (50)
Other (4) (6) 12
Contributions to defined benefit pension plan (10) (10) (42)
Cash paid on settlement of interest rate swap agreements     (17)
Cash received on settlement of interest rate swap agreements 4 8  
Changes in certain current assets and liabilities:      
Accounts and notes receivable 3 37 (56)
Inventory (40) (52) (23)
Collateral posted for derivative instruments 18 129 (141)
Income taxes receivable (3) 2 (1)
Other current assets 16 (26) (7)
Accounts payable (8) (66) 66
Other current liabilities 13 15 22
Net cash provided by operating activities 534 447 124
Investing Activities:      
Utility property capital expenditures (excluding equity-related AFUDC) (533) (499) (452)
Issuance of notes receivable   (3) (3)
Equity and property investments (10) (13) (10)
Proceeds from sale of investments   3 1
Other 4 2 4
Net cash used in investing activities (539) (510) (460)
Financing Activities:      
Net increase (decrease) in short-term borrowings 5 (114) 179
Proceeds from issuance of long-term debt 84 250 400
Maturity of long-term debt and finance leases (3) (17) (253)
Issuance of common stock, net of issuance costs 68 113 137
Cash dividends paid (150) (141) (129)
Other (4) (6) (7)
Net cash provided by financing activities   85 327
Net increase (decrease) in cash and cash equivalents (5) 22 (9)
Cash and cash equivalents at beginning of year 35 13 22
Cash and cash equivalents at end of year 30 35 13
Cash paid (received) during the year:      
Interest 141 132 107
Income taxes paid 12 3 2
Income tax refunds (1) (1)  
Non-cash financing and investing activities:      
Accounts payable for capital expenditures $ 24 $ 34 $ 28