Variable Interest Entities (Tables)

3 Months Ended

Mar. 31, 2025

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Balance Sheet Included Balances for VPFS and OSWP

The Companies’ Consolidated Balance Sheets included balances for VPFS as follows:

	March 31, 2025		December 31, 2024
(millions)
Prepayments(1)	$	—	$	—
Regulatory assets-current		119		124
Other current assets		108		41
Regulatory assets-noncurrent		998		1,040
Total assets	$	1,225	$	1,205
Securities due within one year	$	163	$	163
Accrued interest, payroll     and taxes		37		10
Securitization bonds		1,054		1,054
Total liabilities	$	1,254	$	1,227

(1)Prepayments are presented in other current assets in the Companies’ Consolidated Balance Sheets.

The Companies’ Consolidated Balance Sheets included balances for OSWP as follows:

	March 31, 2025		December 31, 2024
(millions)
Cash and cash equivalents	$	159	$	70
Customer receivables		—		—
Prepayments(1)		7		10
Regulatory assets-current		4		6
Property, plant and equipment		6,632		5,844
Regulatory assets-noncurrent		52		52
Other deferred charges and     other assets		—		—
Total assets	$	6,854	$	5,982
Accrued interest, payroll     and taxes	$	—	$	—
Other current liabilities		6		—
Asset retirement obligations-     noncurrent(2)		67		38
Other deferred credits and     other liabilities		4		—
Total liabilities	$	77	$	38

(1)Prepayments are presented in other current assets in the Companies’ Consolidated Balance Sheets.

(2)Asset retirement obligation-noncurrent are presented in other deferred credits and other liabilities in the Companies’ Consolidated Balance Sheets.