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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Activities:    
Net income $ 79 $ 71
Non-cash items included in net income:    
Depreciation and amortization 71 68
Deferred income tax provision (11) (19)
Power and natural gas cost deferrals, net 2 43
Amortization of debt expense 1 1
Stock-based compensation expense 3 2
Equity-related AFUDC (3) (2)
Pension and other postretirement benefit expense 4 3
Other regulatory assets and liabilities 22 (10)
Other deferred debits and credits 20 19
Change in decoupling regulatory deferral 8 (3)
Realized and unrealized losses on assets 2 (2)
Other 0 (1)
Contributions to defined benefit pension plan (3) (3)
Cash received for settlement of interest rate swap agreements 0 4
Changes in certain current assets and liabilities:    
Accounts and notes receivable (16) (4)
Inventory (9) (4)
Collateral for derivative instruments 25 22
Income taxes receivable 22 21
Other current assets (46) (4)
Accounts payable (18) (27)
Other current liabilities 31 15
Net cash provided by operating activities 184 190
Investing Activities:    
Utility property capital expenditures (excluding equity-related AFUDC) (103) (119)
Investments made in equity and property 0 (2)
Other 0 3
Net cash used in investing activities (103) (118)
Financing Activities:    
Net decrease in short-term borrowings (67) (54)
Maturity of long-term debt and finance leases (1) (1)
Issuance of common stock, net of issuance costs 16 0
Cash dividends paid (40) (38)
Other (2) (2)
Net cash used in financing activities (94) (95)
Net decrease in cash and cash equivalents (13) (23)
Cash and cash equivalents at beginning of period 30 35
Cash and cash equivalents at end of period $ 17 $ 12