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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating Revenues      
Total operating revenues $ 24,419 $ 24,428 $ 21,680
Operating Expenses      
Operating and maintenance 11,808 11,924 9,809
SB 901 securitization charges, net 33 1,267 608
Wildfire-related claims, net of recoveries 94 64 237
Wildfire Fund expense 383 567 477
Depreciation, amortization, and decommissioning 4,189 3,738 3,856
Total operating expenses 19,960 21,757 19,843
Operating Income 4,459 2,671 1,837
Interest income 604 606 162
Interest expense (3,051) (2,850) (1,917)
Other income, net 300 272 394
Income Before Income Taxes 2,312 699 476
Income tax benefit (200) (1,557) (1,338)
Net Income 2,512 2,256 1,814
Preferred stock dividend requirement 37 14 14
Income Available for Common Shareholders 2,475 2,242 1,800
Income Available for Common Shareholders $ 2,475 $ 2,242 $ 1,800
Weighted Average Common Shares Outstanding, Basic (in shares) 2,141 2,064 1,987
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,147 2,138 2,132
Net Income Per Common Share, Basic (in dollars per share) $ 1.16 $ 1.09 $ 0.91
Net Income Per Common Share, Diluted (in dollars per share) $ 1.15 $ 1.05 $ 0.84
Electric      
Operating Revenues      
Total operating revenues $ 17,811 $ 17,424 $ 15,060
Operating Expenses      
Cost of electricity and natural gas 2,261 2,443 2,756
Natural gas      
Operating Revenues      
Total operating revenues 6,608 7,004 6,620
Operating Expenses      
Cost of electricity and natural gas $ 1,192 $ 1,754 $ 2,100