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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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue, net $ 798 $ 761 $ 1,730 $ 1,701
Alternative revenue programs, net of amortization 9 (3) 5 (14)
Total revenues 807 758 1,735 1,687
Operating expenses:        
Purchased power and fuel 294 275 662 680
Generation, transmission and distribution 114 107 224 206
Administrative and other 96 97 192 192
Depreciation and amortization 139 122 279 243
Taxes other than income taxes 46 41 92 88
Total operating expenses 689 642 1,449 1,409
Income from operations 118 116 286 278
Interest expense, net 57 52 113 103
Other income:        
Allowance for equity funds used during construction 6 6 11 11
Miscellaneous income (loss), net 7 9 12 15
Other income, net 13 15 23 26
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 74 79 196 201
Income tax expense 12 7 34 20
Net income 62 72 162 181
Other comprehensive Income 0 0 0 1
Comprehensive Income $ 62 $ 72 $ 162 $ 182
Weighted-average common shares outstanding (in thousands):        
Basic 109,522 103,034 109,473 102,167
Diluted 109,765 103,232 109,725 102,338
Basic $ 0.56 $ 0.69 $ 1.48 $ 1.77
Earnings per share:        
Diluted $ 0.56 $ 0.69 $ 1.47 $ 1.77