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Other Income Tax Matters - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Income Tax [Line Items]        
Federal NOL carryforward $ 77 $ 77 $ 0  
Federal tax credit carryforwards 704 704 543  
State NOL carryforwards 344 344 151  
Valuation allowances for state NOL carryforwards (1) (1) (1)  
State tax credit carryforwards, net of federal detriment (a) [1] 78 78 71  
Valuation allowances for state credit carryforwards, net of federal benefit (b) [2] $ (64) $ (64) $ (59)  
Federal statutory rate   21.00% 21.00% 21.00%
State income tax on pretax income, net of federal tax effect   7.00% 7.00% 7.10%
Wind PTCs   (27.80%) (19.30%) (11.80%)
Plant regulatory differences (a) [3]   (8.10%) (7.20%) (7.40%)
Other tax credits, net NOL & tax credit allowances   (1.40%) (1.20%) (1.50%)
Change in unrecognized tax benefits   0.50% 1.00% 0.50%
NOL Carryback 0.00%   (2.10%) 0.00%
Other, net   0.20% (0.20%) 0.10%
Effective income tax rate   (8.60%) (1.00%) 8.00%
Income tax (benefit) expense   $ (48) $ (6) $ 47
Deferred tax expense excluding items below   109 61 97
Amortization and adjustments to deferred income taxes on income tax regulatory assets and liabilities   (145) (127) (135)
Tax expense allocated to other comprehensive income, adoption of ASC Topic 326, and other   0 (1) (1)
Deferred tax benefit $ (36) (36) (67) 39
Deferred fuel costs 92 92 7 [4]  
Present value of minimum obligation 443 443    
income tax expense [Member]        
Income Tax [Line Items]        
Current federal tax (benefit) expense   (10) 41 80
Current state tax (benefit) expense   (1) 12 8
Current change in unrecognized tax expense (benefit)   1 9 (1)
Deferred federal tax benefit   (87) (102) (86)
Deferred state tax expense   49 38 43
Deferred change in unrecognized tax expense (benefit)   2 (3) 4
Deferred ITCs   (2) (1) (1)
Income tax (benefit) expense   (48) (6) $ 47
Net Deferred Tax Liablility [Member]        
Income Tax [Line Items]        
Federal tax credit carryforwards 782 782 614 [4]  
Deferred ITCs   5 5 [4]  
Deferred tax benefit (1,291) (1,291) (1,145) [4]  
Differences between book and tax bases of property   2,679 2,482 [4]  
Regulatory assets 260 260 270 [4]  
Operating lease assets 123 123 147 [4]  
Pension expense 73 73 72 [4]  
Other 13 13 7 [4]  
Total deferred tax liabilities 3,240 3,240 2,985 [4]  
Regulatory Liabilities 325 325 349 [4]  
Present value of minimum obligation 123 123 147 [4]  
NOL and tax credit valuation allowances (64) (64) (59) [4]  
Other employee benefits 32 32 38 [4]  
NOL carryforward 43 43 12 [4]  
Other 45 45 39 [4]  
Net deferred tax liability 1,949 1,949 1,840 [4]  
State and Local Jurisdiction        
Income Tax [Line Items]        
Federal detriment 21 21 19  
Federal Benefit $ 17 $ 17 $ 16  
[1] State tax credit carryforwards are net of federal detriment of $21 million and $19 million as of Dec. 31, 2021 and 2020, respectively.
[2] Valuation allowances for state tax credit carryforwards were net of federal benefit of $17 million and $16 million as of Dec. 31, 2021 and 2020, respectively.
[3] Regulatory differences for income tax primarily relate to the credit of excess deferred taxes to customers through the average rate assumption method. Income tax benefits associated with the credit of excess deferred credits are offset by corresponding revenue reductions.
[4] Prior periods have been reclassified to conform to current year presentation