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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 4,798 $ 4,280
OPERATING EXPENSES    
Depreciation and amortization 564 539
Taxes, other than income taxes 947 808
TOTAL OPERATING EXPENSES 3,673 3,239
Loss on sale of the Clean Energy Businesses 0 (30)
OPERATING INCOME 1,125 1,011
OTHER INCOME (DEDUCTIONS)    
Investment income 16 19
Other income 201 164
Allowance for equity funds used during construction 18 10
Other deductions (14) (11)
TOTAL OTHER INCOME 221 182
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,346 1,193
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 292 255
Other interest expense 39 48
Allowance for borrowed funds used during construction (18) (14)
NET INTEREST EXPENSE 313 289
INCOME BEFORE INCOME TAX EXPENSE 1,033 904
INCOME TAX EXPENSE 242 184
NET INCOME FOR COMMON STOCK $ 791 $ 720
Net income per common share - basic (dollars per share) $ 2.26 $ 2.08
Net income per common share - diluted (dollars per share) $ 2.25 $ 2.08
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 350.1 345.5
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 351.3 346.8
Electric    
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 2,901 $ 2,636
Gas    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,543 1,356
OPERATING EXPENSES    
Operating costs 362 267
Steam    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 354 287
Non-utility    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 0 1
Purchased power    
OPERATING EXPENSES    
Operating costs 721 649
Fuel    
OPERATING EXPENSES    
Operating costs 127 88
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 952 $ 888