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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating Revenues    
Total operating revenues $ 5,983.0 $ 5,861.0
Operating Expenses    
Operating and maintenance 2,646.0 2,636.0
Wildfire-related claims, net of recoveries 49.0 (1.0)
Wildfire Fund expense 76.0 78.0
Depreciation, amortization, and decommissioning 1,097.0 1,022.0
Total operating expenses 4,763.0 4,585.0
Operating Income 1,220.0 1,276.0
Interest income 117.0 137.0
Interest expense (734.0) (715.0)
Other income, net 70.0 76.0
Income Before Income Taxes 673.0 774.0
Income tax provision 39.0 39.0
Net Income 634.0 735.0
Preferred stock dividend requirement 27.0 3.0
Income Available for Common Shareholders 607.0 732.0
Income Available for Common Shareholders 607.0 732.0
Utility    
Operating Revenues    
Total operating revenues 5,983.0 5,861.0
Operating Expenses    
Operating and maintenance 2,638.0 2,631.0
Wildfire-related claims, net of recoveries 49.0 (1.0)
Wildfire Fund expense 76.0 78.0
Depreciation, amortization, and decommissioning 1,097.0 1,022.0
Total operating expenses 4,755.0 4,580.0
Operating Income 1,228.0 1,281.0
Interest income 114.0 134.0
Interest expense (655.0) (654.0)
Other income, net 71.0 79.0
Income Before Income Taxes 758.0 840.0
Income tax provision 63.0 59.0
Net Income 695.0 781.0
Preferred stock dividend requirement 3.0 3.0
Income Available for Common Shareholders 692.0 778.0
Income Available for Common Shareholders 692.0 778.0
Electric    
Operating Revenues    
Total operating revenues 4,135.0 4,052.0
Operating Expenses    
Cost of electricity and natural gas 399.0 321.0
Electric | Utility    
Operating Revenues    
Total operating revenues 4,135.0 4,052.0
Operating Expenses    
Cost of electricity and natural gas 399.0 321.0
Natural gas    
Operating Revenues    
Total operating revenues 1,848.0 1,809.0
Operating Expenses    
Cost of electricity and natural gas 496.0 529.0
Natural gas | Utility    
Operating Revenues    
Total operating revenues 1,848.0 1,809.0
Operating Expenses    
Cost of electricity and natural gas $ 496.0 $ 529.0