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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating revenues      
Electric $ 9,676 $ 9,500 $ 9,276
Natural gas 1,650 1,531 1,672
Other 78 76 76
Total operating revenues 11,404 11,107 11,024
Operating expenses      
Electric fuel and purchased power 3,757 3,718 3,763
Cost of natural gas sold and transported 823 733 905
Cost of sales — other 34 36 36
Operating and maintenance expenses 2,303 2,326 2,330
Conservation and demand side management program expenses 273 245 225
Depreciation and amortization 1,479 1,303 1,124
Taxes (other than income taxes) 545 532 512
Loss on Monticello life cycle management/extended power uprate project 0 0 129
Total operating expenses 9,214 8,893 9,024
Operating income 2,190 2,214 2,000
Other income, net 23 8 6
Equity earnings of unconsolidated subsidiaries 30 42 34
Allowance for funds used during construction — equity 75 60 56
Interest charges and financing costs      
Interest charges — includes other financing costs of $24, $25 and $24, respectively 663 647 595
Allowance for funds used during construction — debt (35) (27) (26)
Total interest charges and financing costs 628 620 569
Income before income taxes 1,690 1,704 1,527
Income taxes 542 581 543
Net income $ 1,148 $ 1,123 $ 984
Weighted average common shares outstanding:      
Basic (in shares) 509.0 508.8 507.8
Diluted (in shares) 509.1 509.0 508.2
Earnings per average common share:      
Basic (in dollars per share) $ 2.26 $ 2.21 $ 1.94
Diluted (in dollars per share) 2.25 2.21 1.94
Cash dividends declared per common share (in dollars per share) $ 1.44 $ 1.36 $ 1.28