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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 179 $ 129
Accounts receivable, net 1,249 1,315
Accrued unbilled revenues 832 853
Inventories 666 711
Regulatory assets 561 611
Derivative instruments 114 104
Prepaid taxes 72 52
Prepayments and other 652 294
Total current assets 4,325 4,069
Property, plant and equipment, net 57,198 51,642
Other assets    
Nuclear decommissioning fund and other investments 3,896 3,599
Regulatory assets 2,849 2,798
Derivative instruments 72 76
Operating lease right-of-use assets 1,060 1,217
Other 635 678
Total other assets 8,512 8,368
Total assets 70,035 64,079
Current liabilities    
Current portion of long-term debt 1,103 552
Short-term debt 695 785
Accounts payable 1,781 1,668
Regulatory liabilities [1] 852 528
Taxes accrued 535 557
Accrued interest 280 251
Dividends payable 314 289
Derivative instruments 37 74
Operating Lease, Liability, Current 227 226
Other 635 722
Total current liabilities 6,459 5,652
Deferred credits and other liabilities    
Deferred income taxes 5,319 4,885
Deferred investment tax credits 40 60
Regulatory liabilities [1] 6,010 5,827
Asset retirement obligations 3,713 3,218
Derivative instruments 77 86
Customer advances 146 167
Pension and employee benefit obligations 477 469
Operating lease liabilities 867 1,038
Other 89 148
Total deferred credits and other liabilities 16,738 15,898
Commitments and contingencies
Capitalization    
Long-term debt 27,316 24,913
Common stock — 1,000,000,000 shares authorized of $2.50 par value; 574,365,598 and 554,941,703 shares outstanding at Dec. 31, 2024 and Dec. 31, 2023, respectively $ 1,436 $ 1,387
Common stock, shares authorized (in shares) 1,000,000,000 1,000,000,000
Common stock, par value (in dollars per share) $ 2.50 $ 2.50
Common Stock, Shares, Outstanding 574,365,598 554,941,703
Additional paid in capital $ 9,601 $ 8,465
Retained earnings 8,553 7,858
Accumulated other comprehensive loss (68) (94)
Total common stockholders’ equity 19,522 17,616
Total liabilities and equity $ 70,035 $ 64,079
[1] Revenue subject to refund of $3 million and $187 million for 2024 and 2023, respectively, is included in other current liabilities.