CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS $ in Millions	3 Months Ended
	Mar. 31, 2026 USD ($)	Mar. 31, 2025 USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$ 1,150	$ 919
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	621	640
Deferred income taxes and investment tax credits	124	(48)
Equity earnings	(367)	(325)
Share-based compensation expense	25	(2)
Fixed-price contracts and other derivatives	(9)	134
Bad debt expense	18	6
Other	8	(3)
Net change in working capital components	89	(35)
Distributions from investments	389	291
Changes in other noncurrent assets and liabilities, net	(239)	(95)
Net cash provided by operating activities	1,809	1,482
CASH FLOWS FROM INVESTING ACTIVITIES
Expenditures for property, plant and equipment	(2,461)	(2,336)
Expenditures for investments	(876)	(486)
Purchases of nuclear decommissioning and other trust assets	(368)	(292)
Proceeds from sales of nuclear decommissioning and other trust assets	395	329
Other	(1)	0
Net cash used in investing activities	(3,311)	(2,785)
CASH FLOWS FROM FINANCING ACTIVITIES
Common dividends paid	(409)	(380)
Issuances of common stock, net	9	10
Repurchases of common stock	(20)	(57)
Issuances of debt (maturities greater than 90 days)	3,345	2,941
Payments on debt (maturities greater than 90 days) and finance leases	(673)	(994)
Decrease in short-term debt, net	(458)	(70)
Advances from unconsolidated affiliates	63	44
Contributions from noncontrolling interests	41	34
Distributions to noncontrolling interests	(65)	(38)
Termination of interest rate swaps, net of transaction costs	96	0
Other	(17)	(14)
Net cash provided by financing activities	1,912	1,476
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(3)	0
Increase in cash, cash equivalents and restricted cash	407	173
Cash, cash equivalents and restricted cash, January 1	3,552	1,589
Cash, cash equivalents and restricted cash, March 31	3,959	1,762
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest payments, net of amounts capitalized	243	243
Income tax payments, net of refunds	20	100
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Repayments of advances from unconsolidated affiliate in lieu of distributions	60	45
Accrued capital expenditures for PP&E	1,122	1,061
Increase in finance lease obligations capitalized to PP&E	5	16
Unamortized debt issuance costs reclassified from noncurrent assets to long-term debt	14	22
Change in equity related to allocation of interests	42	0
Common dividends issued in stock	12	13
Preferred stock
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Dividends declared but not paid	0	11
Common stock
SUPPLEMENTAL DISCLOSURE OF NONCASH INVESTING AND FINANCING ACTIVITIES
Dividends declared but not paid	$ 430	$ 420