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CONDENSED CONSOLIDATED STATEMENTS OF INCOME, UTILITY - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenues        
Total operating revenues $ 5,898.0 $ 5,986.0 $ 11,881.0 $ 11,847.0
Operating Expenses        
Operating and maintenance 2,860.0 2,757.0 5,506.0 5,393.0
Wildfire-related claims, net of recoveries 50.0 (3.0) 99.0 (4.0)
Wildfire Fund expense 109.0 78.0 185.0 156.0
Depreciation, amortization, and decommissioning 1,073.0 1,053.0 2,170.0 2,075.0
Total operating expenses 4,802.0 4,852.0 9,565.0 9,437.0
Operating Income 1,096.0 1,134.0 2,316.0 2,410.0
Interest income 181.0 202.0 298.0 339.0
Interest expense (792.0) (812.0) (1,526.0) (1,527.0)
Other income, net 84.0 82.0 154.0 158.0
Income Before Income Taxes 569.0 606.0 1,242.0 1,380.0
Income tax provision 20.0 82.0 59.0 121.0
Net Income 549.0 524.0 1,183.0 1,259.0
Preferred stock dividend requirement 28.0 4.0    
Income Available for Common Shareholders 521.0 520.0 1,128.0 1,252.0
Income Available for Common Shareholders 521.0 520.0 1,128.0 1,252.0
Utility        
Operating Revenues        
Total operating revenues 5,898.0 5,986.0 11,881.0 11,847.0
Operating Expenses        
Operating and maintenance 2,854.0 2,753.0 5,492.0 5,384.0
Wildfire-related claims, net of recoveries 50.0 (3.0) 99.0 (4.0)
Wildfire Fund expense 109.0 78.0 185.0 156.0
Depreciation, amortization, and decommissioning 1,073.0 1,053.0 2,170.0 2,075.0
Total operating expenses 4,796.0 4,848.0 9,551.0 9,428.0
Operating Income 1,102.0 1,138.0 2,330.0 2,419.0
Interest income 179.0 199.0 293.0 333.0
Interest expense (713.0) (750.0) (1,368.0) (1,404.0)
Other income, net 83.0 79.0 154.0 158.0
Income Before Income Taxes 651.0 666.0 1,409.0 1,506.0
Income tax provision 39.0 101.0 102.0 160.0
Net Income 612.0 565.0 1,307.0 1,346.0
Preferred stock dividend requirement 4.0 4.0 7.0 7.0
Income Available for Common Shareholders 608.0 561.0 1,300.0 1,339.0
Income Available for Common Shareholders 608.0 561.0 1,300.0 1,339.0
Electric        
Operating Revenues        
Total operating revenues 4,414.0 4,458.0 8,549.0 8,510.0
Operating Expenses        
Cost of electricity and natural gas 599.0 763.0 998.0 1,084.0
Electric | Utility        
Operating Revenues        
Total operating revenues 4,414.0 4,458.0 8,549.0 8,510.0
Operating Expenses        
Cost of electricity and natural gas 599.0 763.0 998.0 1,084.0
Natural gas        
Operating Revenues        
Total operating revenues 1,484.0 1,528.0 3,332.0 3,337.0
Operating Expenses        
Cost of electricity and natural gas 111.0 204.0 607.0 733.0
Natural gas | Utility        
Operating Revenues        
Total operating revenues 1,484.0 1,528.0 3,332.0 3,337.0
Operating Expenses        
Cost of electricity and natural gas $ 111.0 $ 204.0 $ 607.0 $ 733.0