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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 54 $ 52
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 92 79
Deferred income taxes (40) (2)
Allowance for equity funds used during construction (1) 0
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable 23 (26)
Accrued unbilled revenues 3 0
Inventories (14) (6)
Prepayments and other 4 (8)
Accounts payable (30) 0
Net regulatory assets and liabilities 108 3
Other current liabilities (3) (3)
Pension and other employee benefit obligations (1) 1
Other, net (3) (3)
Net cash provided by operating activities 188 89
Investing activities    
Utility capital/construction expenditures (170) (123)
Net cash used in investing activities (170) (123)
Financing activities    
Repayments of short-term borrowings, net 44 75
Borrowings under utility money pool arrangement 5 202
Repayments under utility money pool arrangement 0 (193)
Capital contributions from parent 0 8
Dividends paid to parent (66) (58)
Net cash (used in) provided by financing activities (17) 34
Net change in cash, cash equivalents and restricted cash 1 0
Cash, cash equivalents and restricted cash at beginning of period 2 1
Cash, cash equivalents and restricted cash at end of period 3 1
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (22) (21)
Cash (paid) received for income taxes, net (11) 3
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 46 38
Inventory transfers to property, plant and equipment 9 4
Allowance for equity funds used during construction 1 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 3 $ 1