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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Document Fiscal Year Focus         2020  
OPERATING REVENUES            
Transmission and other services $ 341   $ 288   $ 630 $ 577
Formula rate true-up 1   32   34 50
Total operating revenues 342   320   664 627
OPERATING EXPENSES            
Operation and maintenance 20   32   47 57
General and administrative 28   38   59 76
Depreciation and amortization 54   51   108 98
Taxes other than income taxes 31   28   62 59
Total operating expenses 133   149   276 290
OPERATING INCOME 209   171   388 337
OTHER EXPENSES (INCOME)            
Interest expense, net 57   64   116 123
Allowance for equity funds used during construction (6)   (8)   (12) (16)
Other (income) and expenses, net 3   1   1 1
Total other expenses (income) 48   55   103 106
INCOME BEFORE INCOME TAXES 161   116   285 231
INCOME TAX PROVISION 40   29   72 60
NET INCOME 121 $ 92 87 $ 84 213 171
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax (1)   1   (17) 1
Total other comprehensive income, net of tax (1) $ (16) 1   (17) 1
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 120   $ 88   $ 196 $ 172