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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING REVENUES $ 298 $ 280
OPERATING EXPENSES    
Operation and maintenance 29 25
General and administrative 31 46
Depreciation and amortization 41 39
Taxes other than income taxes 24 23
Total operating expenses 125 133
OPERATING INCOME 173 147
OTHER EXPENSES (INCOME)    
Interest expense — net 53 50
Allowance for equity funds used during construction (8) (8)
Other expense 1 1
Total other expenses (income) 46 43
INCOME BEFORE INCOME TAXES 127 104
INCOME TAX PROVISION 47 39
NET INCOME $ 80 $ 65