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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 1,454 $ 179
Accounts receivable, net 1,133 1,249
Accrued unbilled revenues 822 832
Inventories 668 666
Regulatory assets 621 561
Derivative instruments 255 114
Prepaid taxes 62 72
Prepayments and other 652 652
Total current assets 5,667 4,325
Property, plant and equipment, net 60,751 57,198
Other assets    
Nuclear decommissioning fund and other investments 4,087 3,896
Regulatory assets 2,840 2,849
Derivative instruments 60 72
Operating lease right-of-use assets 1,131 1,060
Other 801 635
Total other assets 8,919 8,512
Total assets 75,337 70,035
Current liabilities    
Current portion of long-term debt 251 1,103
Short-term debt 820 695
Accounts payable 2,096 1,781
Regulatory liabilities 893 852
Taxes accrued 360 535
Accrued interest 319 280
Dividends payable 337 314
Derivative instruments 27 37
Operating lease liabilities 211 227
Other 572 635
Total current liabilities 5,886 6,459
Deferred credits and other liabilities    
Deferred income taxes 5,739 5,319
Regulatory liabilities 6,217 6,010
Asset retirement obligations 3,803 3,713
Derivative instruments 67 77
Customer advances 132 146
Pension and employee benefit obligations 360 477
Operating lease liabilities 945 867
Other 128 129
Total deferred credits and other liabilities 17,391 16,738
Commitments and contingencies
Capitalization    
Long-term debt 31,099 27,316
Common stock — 1,000,000,000 shares authorized of $2.50 par value; 591,201,845 and 574,365,598 shares outstanding at June 30, 2025 and December 31, 2024, respectively $ 1,478 $ 1,436
Common Stock, Shares Authorized 1,000,000,000 1,000,000,000
Common Stock, Par or Stated Value Per Share $ 2.50 $ 2.50
Common Stock, Shares, Outstanding 591,201,845 574,365,598
Additional paid in capital $ 10,736 $ 9,601
Retained earnings 8,813 8,553
Accumulated other comprehensive loss (66) (68)
Total common stockholders’ equity 20,961 19,522
Total liabilities and equity $ 75,337 $ 70,035