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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES $ 299 $ 254 $ 900 $ 832
OPERATING EXPENSES        
Operation and maintenance 24 31 82 83
General and administrative 31 36 92 131
Depreciation and amortization 42 40 125 118
Taxes other than income taxes 28 22 79 68
Other operating (income) and expenses — net (1) 0 (2) (1)
Total operating expenses 124 129 376 399
OPERATING INCOME 175 125 524 433
OTHER EXPENSES (INCOME)        
Interest expense — net 56 56 164 158
Allowance for equity funds used during construction (9) (10) (25) (26)
Other income (1) 0 (2) (1)
Other expense 1 0 3 3
Total other expenses (income) 47 46 140 134
INCOME BEFORE INCOME TAXES 128 79 384 299
INCOME TAX PROVISION 46 28 141 109
NET INCOME $ 82 $ 51 $ 243 $ 190