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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
OPERATING REVENUES $ 303 $ 298 $ 601 $ 578
OPERATING EXPENSES        
Operation and maintenance 29 27 58 52
General and administrative 30 49 61 95
Depreciation and amortization 42 39 83 78
Taxes other than income taxes 27 23 51 46
Other operating (income) and expenses — net 1 1 1 1
Total operating expenses 127 137 252 270
OPERATING INCOME 176 161 349 308
OTHER EXPENSES (INCOME)        
Interest expense — net 55 52 108 102
Allowance for equity funds used during construction (8) (8) (16) (16)
Other income 1 1 1 1
Other expense 1 2 2 3
Total other expenses (income) 47 45 93 88
INCOME BEFORE INCOME TAXES 129 116 256 220
INCOME TAX PROVISION 48 42 95 81
NET INCOME $ 81 $ 74 $ 161 $ 139