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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
OPERATING ACTIVITIES    
Net Income $ 3,090.8 $ 2,309.9
Adjustments to Reconcile Net Income to Net Cash Flows from Operating Activities:    
Depreciation and Amortization 2,566.1 2,461.7
Deferred Income Taxes 123.6 89.5
Asset Impairments and Other Related Charges 0.0 142.5
Allowance for Equity Funds Used During Construction (172.9) (153.0)
Mark-to-Market of Risk Management Contracts (192.6) (97.6)
Pension Contributions to Qualified Plan Trust (94.7) 0.0
Property Taxes 541.3 508.3
Deferred Fuel Over/Under-Recovery, Net 164.7 304.6
Change in Other Noncurrent Assets (719.7) (244.0)
Change in Other Noncurrent Liabilities 133.8 193.8
Changes in Certain Components of Working Capital:    
Accounts Receivable, Net (212.4) (131.8)
Fuel, Materials and Supplies 150.7 188.5
Accounts Payable 327.3 14.2
Accrued Taxes, Net (687.2) (532.3)
Other Current Assets 37.7 (139.2)
Other Current Liabilities 74.3 161.8
Net Cash Flows from Operating Activities 5,130.8 5,076.9
INVESTING ACTIVITIES    
Construction Expenditures (6,001.2) (5,168.6)
Purchases of Investment Securities (2,407.0) (2,398.0)
Sales of Investment Securities 2,349.2 2,343.5
Acquisitions of Generation Facilities (1,657.3) 0.0
Acquisitions of Nuclear Fuel (88.9) (98.4)
Proceeds from Sales of Assets 12.6 365.0
Proceeds from Sale of Equity Method Investment 0.0 114.0
Other Investing Activities 43.5 73.0
Net Cash Flows Used for Investing Activities (7,749.1) (4,769.5)
FINANCING ACTIVITIES    
Capital Contribution from Noncontrolling Interest 33.9 0.0
Issuance of Common Stock 187.5 513.0
Issuance of Long-term Debt 6,249.2 3,748.5
Issuance of Short-term Debt with Original Maturities greater than 90 Days 319.9 376.6
Change in Short-term Debt with Original Maturities less than 90 Days, Net (1,008.2) (676.1)
Retirement of Long-term Debt (2,803.8) (1,969.1)
Redemption of Short-term Debt with Original Maturities Greater than 90 Days (677.8) (871.1)
Principal Payments for Finance Lease Obligations (37.9) (51.2)
Proceeds from the Midwest Transmission Holdings Noncontrolling Interest Transaction, Net of Transaction Costs 2,782.9 0.0
Dividends Paid on Common Stock (1,497.9) (1,402.7)
Dividends Paid to Noncontrolling Interest (71.5) (4.7)
Other Financing Activities 2.8 (50.4)
Net Cash Flows from (Used for) Financing Activities 3,479.1 (387.2)
Net Increase in Cash and Cash Equivalents 860.8 (79.8)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period 246.0 379.0
Cash, Cash Equivalents and Restricted Cash at End of Period $ 1,106.8 $ 299.2