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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 257 $ 143
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of assets and other charges 0 4
Deferred income taxes, net 63 29
Depreciation and amortization 282 272
Amortization of nuclear fuel 20 19
Other adjustments 7 (3)
Changes in certain assets and liabilities:    
Receivables (7) 60
Receivables - affiliated and related party 2 3
Inventories (7) (7)
Prepayments and deposits, net (38) (35)
Regulatory assets (101) 112
Regulatory liabilities (157) 17
Accounts payable (35) 27
Accounts payable - affiliated and related party (11) (13)
Taxes accrued (119) (117)
Interest accrued 12 0
Net realized and unrealized changes related to commodity derivative activities 106 (108)
Pension and other postretirement benefits (1) (1)
Other assets and liabilities (37) (9)
Net cash provided by operating activities 236 393
Investing Activities    
Property additions and construction expenditures (561) (490)
Proceeds from investments and sales or disposals of assets, including asset retirement costs (40) (37)
Purchase of investments (3) (10)
Other 3 2
Net cash used in investing activities (601) (535)
Financing Activities    
Proceeds from issuance of debt 450 0
Dividend to parent (40) (125)
Contribution from parent 250 0
Short-term borrowings, net (11) 21
Short-term borrowings - affiliated, net (270) 248
Other (5) (1)
Net cash provided by financing activities 374 143
Net increase in cash, restricted cash and equivalents 9 1
Cash, restricted cash and equivalents at beginning of period [1] 0 1
Cash, restricted cash and equivalents at end of period [1] 9 2
Significant noncash investing and financing activities:    
Accrued construction expenditures 68 59
Operating leases [2] $ 4 $ 0
[1] At June 30, 2025, December 31, 2024, June 30, 2024 and December 31, 2023, there were no restricted cash and equivalents balances.
[2] Finance leases entered into, if any, were inconsequential for all periods presented.