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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues    
Electric, non-affiliates $ 1,125 $ 1,024
Electric, affiliates 129 115
Natural gas 434 204
Other 10 9
Total operating revenues 1,698 1,352
Operating expenses    
Electric fuel and purchased power 529 433
Cost of natural gas sold and transported 336 125
Cost of sales — other 5 5
Operating and maintenance expenses 306 298
Conservation program expenses 49 34
Depreciation and amortization 252 221
Taxes (other than income taxes) 73 69
Total operating expenses 1,550 1,185
Operating income 148 167
Other income, net 0 2
Allowance for funds used during construction — equity 6 7
Interest charges and financing costs    
Interest charges — includes other financing costs of $2 and $2, respectively 69 63
Allowance for funds used during construction — debt (2) (3)
Total interest charges and financing costs 67 60
Income before income taxes 87 116
Income tax benefit (40) (12)
Net income $ 127 $ 128