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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Operating revenues      
Total operating revenues $ 11,537 $ 11,404 $ 11,107
Operating expenses      
Electric fuel and purchased power 3,854 3,757 3,718
Cost of natural gas sold and transported 843 823 733
Cost of sales — other 35 34 36
Operating and maintenance expenses 2,352 2,270 2,300
Conservation and demand side management program expenses 290 273 245
Depreciation and amortization 1,642 1,479 1,303
Taxes (other than income taxes) 556 545 532
Total operating expenses 9,572 9,181 8,867
Operating income 1,965 2,223 2,240
Other income, net (14) (10) (18)
Income (Loss) from Equity Method Investments 35 30 42
Allowance for funds used during construction — equity 108 75 60
Interest charges and financing costs      
Interest charges — includes other financing costs of $25, $24 and $25, respectively 700 663 647
Allowance for funds used during construction — debt (48) (35) (27)
Total interest charges and financing costs 652 628 620
Income before income taxes 1,442 1,690 1,704
Income taxes 181 542 581
Net income $ 1,261 $ 1,148 $ 1,123
Weighted average common shares outstanding:      
Basic (in shares) 511 509 509
Diluted (in shares) 511 509 509
Earnings per average common share:      
Basic (in dollars per share) $ 2.47 $ 2.26 $ 2.21
Diluted (in dollars per share) $ 2.47 $ 2.25 $ 2.21
Electricity, US Regulated [Member]      
Operating revenues      
Total operating revenues $ 9,719 $ 9,676 $ 9,500
Natural Gas, US Regulated [Member]      
Operating revenues      
Total operating revenues 1,739 1,650 1,531
Product and Service, Other [Member]      
Operating revenues      
Total operating revenues $ 79 $ 78 $ 76