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STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
Net Income (Loss) Attributable to Parent $ 394 $ 384 $ 349
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 458 373 391
Deferred income taxes 123 (133) 17
Allowance for equity funds used during construction (17) (7) (3)
Provision for bad debts 6 11 9
Changes in operating assets and liabilities:      
Accounts receivable 82 (67) (67)
Increase (Decrease) in Accrued Unbilled Revenues 10 1 (16)
Inventories (59) (51) (19)
Prepayments and other (35) 39 (50)
Accounts payable 29 (37) 22
Net regulatory assets and liabilities (26) 307 (5)
Other current liabilities (63) 5 52
Pension and other employee benefit obligations 0 3 1
Other, net (16) (18) (5)
Net cash provided by operating activities 886 810 676
Investing activities      
Utility capital/construction expenditures (1,015) (714) (578)
Investments in utility money pool arrangement 0 0 (176)
Receipts from utility money pool arrangement 0 0 176
Net cash used in investing activities (1,015) (714) (578)
Financing activities      
Proceeds from (repayments of) short-term borrowings, net 70 41 (103)
Proceeds from issuance of long-term debt 588 98 196
Repayments of Long-Term Debt (350) 0 0
Borrowings under utility money pool arrangement 520 371 336
Repayments under utility money pool arrangement (540) (344) (427)
Capital contributions from parent 279 48 220
Dividends paid to parent (427) (309) (319)
Net cash provided by financing activities 140 (95) (97)
Net change in cash and cash equivalents 11 1 1
Cash and cash equivalents at beginning of period 3 2 1
Cash and cash equivalents at end of period 14 3 2
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (144) (127) (137)
Cash paid for income taxes, net 159 (80) 81
Supplemental disclosure of non-cash investing transactions:      
Accrued property, plant and equipment additions 99 56 86
Inventory transfers to plant, property and equipment 56 43 10
Allowance for Funds Used During Construction, Investing Activities $ 17 $ 7 $ 3