CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current Assets:
Cash and cash equivalents	$ 639	$ 38
Investment in equity securities	555	510
Accounts receivable, less allowance for credit losses	872	806
Accrued unbilled revenue, less allowance for credit losses	408	600
Materials and supplies	578	517
Natural gas and coal inventory	89	215
Taxes receivable	26	36
Current assets held for sale	2,631	2,669
Regulatory assets	264	170
Prepaid expenses and other current assets	125	140
Total current assets	6,187	5,701
Property, Plant and Equipment, Net:
Property, plant and equipment	45,201	44,676
Less: accumulated depreciation and amortization	10,939	10,620
Property, plant and equipment, net	34,262	34,056
Other Assets:
Goodwill	3,550	3,550
Regulatory assets	3,610	3,005
Other non-current assets	228	222
Total other assets	7,388	6,777
Total Assets	47,837	46,534
Current Liabilities:
Short-term borrowings	0	500
Current portion of VIE Securitization Bonds long-term debt	92	41
Current portion of other long-term debt	2,115	1,873
Indexed debt securities derivative	606	564
Accounts payable	1,023	1,300
Taxes accrued ($4 and $4 related to VIEs, respectively)	208	344
Interest accrued	278	313
Dividends accrued	0	150
Customer deposits	89	89
Current liabilities held for sale	471	520
Other current liabilities	430	566
Total current liabilities	5,312	6,260
Other Liabilities:
Deferred income taxes, net ($4 and $6 related to VIEs, respectively)	4,692	4,602
Benefit obligations	477	491
Regulatory liabilities	2,650	2,692
Other non-current liabilities	781	770
Total other liabilities	8,600	8,555
Long-term Debt, Net:
VIE Securitization Bonds, net	1,797	664
Other long-term debt, net	20,679	19,902
Total long-term debt, net	22,476	20,566
Commitments and Contingencies (Note 11)
Shareholders’ Equity:
Common stock	6	6
Additional paid-in capital	9,110	9,130
Retained earnings	2,359	2,043
Accumulated other comprehensive loss	(26)	(26)
Total shareholders’ equity	11,449	11,153
Total Liabilities and Shareholders’ Equity	$ 47,837	$ 46,534