Segment Information (Tables)

12 Months Ended

Dec. 31, 2024

Schedule of Segment Reporting Information, by Segment


	Year Ended December 31, 2024
	Retail		Texas		East		West		Asset Closure		Total Reportable Segments		Corporate and Other		Total
	(in millions)
Operating revenues	$	12,797	$	5,394	$	5,661	$	877	$	1	$	24,730	$	(7,506)	$	17,224

Fuel, purchased power costs, and delivery fees	(10,276)		(1,596)		(2,698)		(221)		(3)		(14,794)		7,509		(7,285)

Operating costs	(159)		(996)		(1,103)		(72)		(81)		(2,411)		(3)		(2,414)
Selling, general, and administrative expenses	(977)		(169)		(148)		(25)		(43)		(1,362)		(239)		(1,601)
Other segment items:
Depreciation and amortization	(114)		(581)		(996)		(86)		—		(1,777)		(66)		(1,843)
Interest expenses and related charges	(54)		46		9		1		(4)		(2)		(898)		(900)
Income tax expense	—		—		—		—		—		—		(655)		(655)
Other (a)	(1)		35		177		(3)		14		222		64		286
Net income (loss)	$	1,216	$	2,133	$	902	$	471	$	(116)	$	4,606	$	(1,794)	$	2,812
Capital expenditures, including nuclear fuel and excluding growth expenditures	$	4	$	1,124	$	661	$	70	$	—	$	1,859	$	58	$	1,917


	Year Ended December 31, 2023
	Retail		Texas		East		West		Asset Closure (b)		Total Reportable Segments		Corporate and Other		Total
	(in millions)
Operating revenues	$	10,572	$	3,979	$	5,890	$	914	$	—	$	21,355	$	(6,576)	$	14,779

Fuel, purchased power costs, and delivery fees	(9,046)		(2,028)		(2,730)		(328)		(3)		(14,135)		6,578		(7,557)

Operating costs	(123)		(917)		(528)		(58)		(74)		(1,700)		(2)		(1,702)
Selling, general, and administrative expenses	(858)		(140)		(127)		(24)		(34)		(1,183)		(125)		(1,308)
Other segment items:
Depreciation and amortization	(102)		(550)		(703)		(79)		—		(1,434)		(68)		(1,502)
Interest expenses and related charges	(20)		21		(2)		8		(5)		2		(742)		(740)
Income tax expense	—		—		(1)		—		—		(1)		(507)		(508)
Other (a)	1		33		(50)		21		110		115		(85)		30
Net income (loss)	$	424	$	398	$	1,749	$	454	$	(6)	$	3,019	$	(1,527)	$	1,492
Capital expenditures, including nuclear fuel and excluding growth expenditures	$	1	$	750	$	362	$	366	$	—	$	1,479	$	58	$	1,537


	Year Ended December 31, 2022
	Retail		Texas		East		West		Asset Closure (b)		Total Reportable Segments		Corporate and Other		Total
	(in millions)
Operating revenues	$	9,455	$	3,878	$	4,429	$	336	$	384	$	18,482	$	(4,754)	$	13,728

Fuel, purchased power costs, and delivery fees	(7,169)		(3,052)		(4,132)		(481)		(322)		(15,156)		4,755		(10,401)

Operating costs	(143)		(832)		(482)		(42)		(145)		(1,644)		(1)		(1,645)
Selling, general, and administrative expenses	(826)		(135)		(97)		(21)		(44)		(1,123)		(66)		(1,189)
Other segment items:
Interest expenses and related charges	(14)		20		(6)		6		(3)		3		(371)		(368)
Depreciation and amortization	(145)		(541)		(768)		(42)		(31)		(1,527)		(69)		(1,596)
Income tax benefit	—		—		—		—		—		—		350		350
Other (a)	—		76		(71)		6		14		25		(114)		(89)
Net income (loss)	$	1,158	$	(586)	$	(1,127)	$	(238)	$	(147)	$	(940)	$	(270)	$	(1,210)
Capital expenditures, including nuclear fuel and excluding growth expenditures	$	1	$	520	$	187	$	345	$	—	$	1,053	$	55	$	1,108

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(a)Other includes impairment of long-lived assets, other income, other deductions, and the impacts of the Tax Receivable Agreement.

(b)We have allocated unrealized gains and losses on the commodity risk management activities attributable to the plants retired in 2022 and 2023. See Note 6 for additional information.