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Consolidated Statements Of Operations - USD ($)
shares in Thousands, $ in Millions
5 Months Ended 7 Months Ended 12 Months Ended
May 17, 2023
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2022
Operating revenues $ 1,210 $ 1,344 $ 2,115 $ 3,089
Fuel and energy purchases (176) (424) (694) (938)
Nuclear fuel amortization (33) (108) (123) (94)
Unrealized gain (loss) on derivative instruments (Note 5) (123) (3) 20 (52)
Energy Expenses (332) (535) (797) (1,084)
Operating Expenses        
Operation, maintenance and development (285) (358) (592) (610)
General and administrative (51) (93) (163) (106)
Depreciation, amortization and accretion (200) (165) (298) (520)
Impairments (Note 10) (381) (3) (1) 0
Operational restructuring 0 0 0 (488)
Other operating income (expense), net (37) (30) (38) (40)
Operating Income (Loss) (76) 160 226 241
Nuclear decommissioning trust funds gain (loss), net (Note 9) 57 108 178 (184)
Interest expense and other finance charges (Note 13) (163) (176) (238) (359)
Reorganization income (expense), net (Note 4) 799 0 0 (812)
Consolidation of subsidiary gain (loss) (Note 2) 0 0 0 (170)
Gain (loss) on sale of assets, net (Note 20) 50 7 884 0
Other non-operating income (expense), net 10 95 61 (44)
Income (loss) before income taxes 677 194 1,111 (1,328)
Income tax benefit (expense) (212) (51) (98) 35
Net Income (Loss) 465 143 1,013 (1,293)
Less: Net income (loss) attributable to noncontrolling interest (14) 9 15 (4)
Net Income (Loss) Attributable to Stockholders (Successor) / Member (Predecessor) $ 479 $ 134 $ 998 $ (1,289)
Per Common Share (Successor)        
Net Income (Loss) Attributable to Stockholders - Basic (in dollars per share)   $ 2.27 $ 18.40  
Net Income (Loss) Attributable to Stockholders - Diluted (in dollars per share)   $ 2.26 $ 17.67  
Weighted-Average Number of Common Shares Outstanding - Basic (in shares) 0 59,029 54,254 0
Weighted-Average Number of Common Shares Outstanding - Diluted (in shares) 0 59,399 56,486 0
Capacity revenues        
Operating revenues $ 108 $ 133 $ 192 $ 377
Energy and other revenues        
Operating revenues 1,042 1,156 1,881 2,035
Unrealized gain (loss) on derivative instruments (Note 5)        
Operating revenues $ 60 $ 55 $ 42 $ 677