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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Operating revenues $ 594 $ 677 $ 1,480 $ 1,681
Operating expenses        
Electric fuel and purchased power 163 271 426 727
Operating and maintenance expenses 82 73 237 222
Demand side management expenses 4 6 15 16
Depreciation and amortization 109 90 344 273
Taxes (other than income taxes) 26 25 76 74
Total operating expenses 384 465 1,098 1,312
Operating income 210 212 382 369
Other income (expense), net 5 (1) 10 0
Allowance for funds used during construction — equity 6 2 12 5
Interest charges and financing costs        
Interest charges and other financing costs 42 36 120 107
Allowance for funds used during construction — debt (2) (2) (6) (5)
Total interest charges and financing costs 40 34 114 102
Income before income taxes 181 179 290 272
Income tax expense (benefit) 5 12 (32) (30)
Net income $ 176 $ 167 $ 322 $ 302