CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025	[1]
Current assets:
Cash and cash equivalents	$ 794	$ 29
Restricted cash	2	2
Accounts receivable – trade, net	1,604	1,767
Accounts receivable – other, net	203	157
Due from unconsolidated affiliates	34	0
Income taxes receivable	177	71
Inventories	530	561
Regulatory assets	561	761
Greenhouse gas allowances	199	203
Assets held for sale	31,865	31,024
Other current assets	234	262
Total current assets	36,203	34,837
Other assets:
Regulatory assets	4,077	3,868
Greenhouse gas allowances	1,378	1,221
Nuclear decommissioning trusts	884	899
Dedicated assets in support of certain benefit plans	588	605
Deferred income taxes	10	10
Right-of-use assets – operating leases	1,297	1,262
Investment in Oncor Holdings	18,243	17,472
Other investments	148	147
Wildfire fund	240	246
Other long-term assets	1,261	1,300
Total other assets	28,126	27,030
Property, plant and equipment:
Property, plant and equipment	67,477	66,900
Less accumulated depreciation and amortization	(18,288)	(17,889)
Property, plant and equipment, net	49,189	49,011
Total assets	113,518	110,878
Current liabilities:
Short-term debt	3,708	4,166
Accounts payable – trade	1,134	1,461
Accounts payable – other	174	203
Dividends and interest payable	920	770
Accrued compensation and benefits	316	521
Regulatory liabilities	3	3
Current portion of long-term debt and finance leases	1,878	1,876
Greenhouse gas obligations	199	203
Liabilities held for sale	12,249	11,704
Total current liabilities	21,439	21,894
Long-term debt and finance leases	30,847	28,979
Deferred credits and other liabilities:
Regulatory liabilities	4,303	4,250
Greenhouse gas obligations	1,064	957
Pension and other postretirement benefit plan obligations, net of plan assets	126	124
Deferred income taxes	6,414	6,127
Asset retirement obligations	3,773	3,743
Deferred credits and other	2,824	2,805
Total deferred credits and other liabilities	18,504	18,006
Commitments and contingencies
Contingently redeemable noncontrolling interest	3,254	3,206
Equity:
Common stock	14,731	14,699
Retained earnings	17,699	17,092
Accumulated other comprehensive income (loss)	(191)	(197)
Total shareholders’ equity	32,239	31,594
Preferred stock of subsidiary	20	20
Other noncontrolling interests	7,215	7,179
Total equity	39,474	38,793
Total liabilities, contingently redeemable noncontrolling interest, and equity	113,518	110,878
Related Party
Current liabilities:
Other current liabilities	0	8
Nonrelated Party
Current liabilities:
Other current liabilities	858	979
Series C Preferred Stock
Equity:
Preferred stock	$ 0	$ 0

[1] Derived from audited financial statements.