CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
Operating revenues
Electric		$ 2,878	$ 2,659	$ 5,713	$ 5,344
Natural gas		396	355	1,451	1,296
Other		13	14	29	37
Total operating revenues		3,287	3,028	7,193	6,677
Operating expenses
Electric fuel and purchased power		918	855	1,938	1,803
Cost of natural gas sold and transported		134	118	647	601
Cost of sales — other		1	1	3	9
Operating and maintenance expenses		675	662	1,361	1,267
Conservation and demand side management expenses		88	86	198	183
Depreciation and amortization		722	703	1,450	1,361
Taxes, Other		172	154	342	325
Total operating expenses		2,710	2,579	5,939	5,549
Operating income		577	449	1,254	1,128
Other income, net		68	22	75	36
(Loss) earnings from equity method investments		(8)	8	(9)	16
Allowance for funds used during construction — equity		69	38	117	75
Interest charges and financing costs
Interest charges — includes other financing costs		349	319	681	610
Allowance for funds used during construction — debt		(27)	(16)	(50)	(30)
Total interest charges and financing costs		322	303	631	580
Income before income taxes		384	214	806	675
Income tax benefit		(60)	(88)	(121)	(115)
Net income		$ 444	$ 302	$ 927	$ 790
Weighted average common shares outstanding:
Basic (in shares)		586	557	580	556
Diluted (in shares)	[1]	588	557	582	556
Earnings per average common share:
Basic (in dollars per share)		$ 0.76	$ 0.54	$ 1.60	$ 1.42
Diluted (in dollars per share)		$ 0.75	$ 0.54	$ 1.59	$ 1.42

[1] Diluted common shares outstanding included common stock equivalents of 2.0 million and 0.2 million for the three months ended June 30, 2025 and 2024, respectively. Diluted common shares outstanding included common stock equivalents of 1.7 million and 0.2 million for the six months ended June 30, 2025 and 2024, respectively.