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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Operating revenues $ 508 $ 477
Operating expenses    
Electric fuel and purchased power 245 237
Operating and maintenance expenses 80 72
Demand side management expenses 6 5
Depreciation and amortization 91 78
Taxes (other than income taxes) 25 25
Total operating expenses 447 417
Operating income 61 60
Allowance for funds used during construction — equity 1 0
Interest charges and financing costs    
Interest charges — includes other financing costs of $1 34 29
Allowance for funds used during construction — debt (1) 0
Total interest charges and financing costs 33 29
Income before income taxes 29 31
Income tax benefit (25) (21)
Net income $ 54 $ 52