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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Operating revenues    
Electric $ 2,270 $ 2,299
Natural gas 662 626
Other 19 21
Total operating revenues 2,951 2,946
Operating expenses    
Electric fuel and purchased power 932 925
Cost of natural gas sold and transported 375 365
Cost of sales — other 8 9
Operating and maintenance expenses 557 580
Conservation and demand side management expenses 71 68
Depreciation and amortization 383 365
Taxes (other than income taxes) 145 142
Total operating expenses 2,471 2,454
Operating income 480 492
Other income, net 1 1
Equity earnings of unconsolidated subsidiaries 6 8
Allowance for funds used during construction — equity 23 14
Interest charges and financing costs    
Interest charges — includes other financing costs of $6 and $6, respectively 171 166
Allowance for funds used during construction — debt (11) (7)
Total interest charges and financing costs 160 159
Income before income taxes 350 356
Income taxes 59 117
Net income $ 291 $ 239
Weighted average common shares outstanding:    
Basic (in shares) 509.0 508.3
Diluted (in shares) 509.0 508.8
Earnings per average common share:    
Basic (in dollars per share) $ 0.57 $ 0.47
Diluted (in dollars per share) 0.57 0.47
Cash dividends declared per common share (in dollars per share) $ 0.38 $ 0.36