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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue, net $ 525 $ 515 $ 1,469 $ 1,494
Alternative revenue programs, net of amortization 0 0 (2) 0
Total Revenues 525 515 1,467 1,494
Operating expenses:        
Purchased power and fuel 186 184 420 443
Generation, transmission and distribution 72 73 212 235
Administrative and other 49 63 188 194
Depreciation and amortization 96 87 281 257
Taxes other than income taxes 31 30 95 94
Total operating expenses 434 437 1,196 1,223
Income from operations 91 78 271 271
Interest expense, net 31 30 93 90
Other income:        
Allowance for equity funds used during construction 2 4 8 9
Miscellaneous income (expense), net 0 1 0 1
Other income, net 2 5 8 10
Income before income tax expense 62 53 186 191
Income tax expense 9 13 23 46
Net income and Comprehensive income $ 53 $ 40 $ 163 $ 145
Weighted-average common shares outstanding-basic and diluted (in thousands) 89,239 89,065 89,205 89,044
Earnings per share-basic and diluted $ 0.59 $ 0.44 $ 1.82 $ 1.62
Dividends declared per common share $ 0.3625 $ 0.3400 $ 1.0650 $ 1.0000