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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Operating revenues $ 1,276 $ 1,149 $ 2,418 $ 2,160
Operating expenses:        
Operation and maintenance 480 427 948 843
Depreciation and amortization 221 193 437 381
General taxes 86 81 173 162
Other 0 (1) 0 (1)
Total operating expenses, net 787 700 1,558 1,385
Operating income 489 449 860 775
Other (expense) income:        
Interest expense (151) (131) (295) (255)
Interest income 22 25 44 49
Non-operating benefit costs, net 4 7 8 16
Other, net 12 11 29 18
Total other (expense) income (113) (88) (214) (172)
Income before income taxes 376 361 646 603
Provision for income taxes 87 84 152 141
Net income attributable to common shareholders $ 289 $ 277 $ 494 $ 462
Basic earnings per share:        
Net income attributable to common shareholders (dollars per share) $ 1.48 $ 1.42 $ 2.53 $ 2.37
Diluted earnings per share:        
Net income attributable to common shareholders (dollars per share) $ 1.48 $ 1.42 $ 2.53 $ 2.37
Weighted-average common shares outstanding:        
Basic (in shares) 195 195 195 195
Diluted (in shares) 195 195 195 195