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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues        
Operating revenues $ 458 $ 496 $ 886 $ 1,004
Operating expenses        
Electric fuel and purchased power 103 211 263 456
Operating and maintenance expenses 83 69 155 149
Demand side management expenses 5 4 11 10
Depreciation and amortization 136 92 235 183
Taxes (other than income taxes) 29 24 50 49
Total operating expenses 356 400 714 847
Operating income 102 96 172 157
Other expense, net 4 1 5 1
Allowance for funds used during construction — equity 4 2 6 3
Interest charges and financing costs        
Interest charges and other financing costs 41 37 78 71
Allowance for funds used during construction — debt (2) (2) (4) (3)
Total interest charges and financing costs 39 35 74 68
Income before income taxes 71 64 109 93
Income tax benefit (18) (17) (37) (42)
Net income $ 89 $ 81 $ 146 $ 135