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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue, net $ 761 $ 646 $ 1,701 $ 1,391
Alternative revenue programs, net of amortization (3) 2 (14) 5
Total revenues 758 648 1,687 1,396
Operating expenses:        
Purchased power and fuel 275 220 680 524
Generation, transmission and distribution 107 101 206 194
Administrative and other 97 93 192 173
Depreciation and amortization 122 113 243 224
Taxes other than income taxes 41 40 88 83
Total operating expenses 642 567 1,409 1,198
Income from operations 116 81 278 198
Interest expense, net 52 41 103 85
Other income:        
Allowance for equity funds used during construction 6 4 11 7
Miscellaneous income (loss), net 9 5 15 17
Other income, net 15 9 26 24
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 79 49 201 137
Income tax expense 7 10 20 24
Net income 72 39 181 113
Other comprehensive Income 0 1 1 1
Comprehensive Income $ 72 $ 40 $ 182 $ 114
Weighted-average common shares outstanding (in thousands):        
Basic 103,034 97,087 102,167 94,478
Diluted 103,232 97,630 102,338 94,950
Earnings per share:        
Basic $ 0.69 $ 0.39 $ 1.77 $ 1.19
Diluted $ 0.69 $ 0.39