BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 3	$ 2
Accounts receivable, net	140	167
Accounts receivable from affiliates	15	15
Accrued unbilled revenues	143	140
Inventories	66	61
Regulatory assets	143	217
Derivative instruments	26	122
Prepaid taxes	4	5
Prepayments and other	65	68
Total current assets	605	797
Property, plant and equipment, net	8,210	8,129
Other assets
Regulatory assets	344	359
Derivative instruments	2	3
Operating lease right-of-use assets	426	434
Other	28	26
Total other assets	800	822
Total assets	9,615	9,748
Current liabilities
Short-term debt	78	34
Borrowings under utility money pool arrangement	5	0
Accounts payable	170	209
Accounts payable to affiliates	18	23
Regulatory liabilities	67	148
Taxes accrued	47	61
Accrued interest	42	31
Dividends payable to parent	61	61
Derivative instruments	4	4
Operating lease liabilities	31	31
Other	58	58
Total current liabilities	581	660
Deferred credits and other liabilities
Deferred income taxes	702	739
Regulatory liabilities	720	715
Asset retirement obligations	148	147
Derivative instruments	1	2
Pension and employee benefit obligations	11	12
Operating lease liabilities	395	403
Other	8	9
Total deferred credits and other liabilities	1,985	2,027
Capitalization
Long-term debt	3,211	3,211
Common stock — 200 shares authorized of $1.00 par value; 100 shares outstanding at March 31, 2023 and Dec. 31, 2022, respectively	0	0
Additional paid in capital	3,311	3,311
Retained earnings	528	540
Accumulated other comprehensive loss	(1)	(1)
Total common stockholder's equity	3,838	3,850
Total liabilities and equity	$ 9,615	$ 9,748