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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue, net $ 940 $ 745
Alternative revenue programs, net of amortization (11) 3
Total revenues 929 748
Operating expenses:    
Purchased power and fuel 405 304
Generation, transmission and distribution 99 93
Administrative and other 95 80
Depreciation and amortization 121 111
Taxes other than income taxes 47 43
Total operating expenses 767 631
Income from operations 162 117
Interest expense, net 51 44
Other income:    
Allowance for equity funds used during construction 5 3
Miscellaneous income (loss), net 6 12
Other income, net 11 15
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 122 88
Income tax expense 13 14
Net income 109 74
Other comprehensive Income 1 0
Comprehensive Income $ 110 $ 74
Weighted-average common shares outstanding (in thousands):    
Basic 101,299 91,840
Diluted 101,467 92,571
Basic $ 1.08 $ 0.81
Diluted $ 1.08 $ 0.80