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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues    
Operating revenues $ 521 $ 428
Operating expenses    
Electric fuel and purchased power 216 160
Operating and maintenance expenses 88 72
Demand side management expenses 5 6
Depreciation and amortization 112 99
Taxes (other than income taxes) 25 21
Total operating expenses 446 358
Operating income 75 70
Other income, net 1 1
Allowance for funds used during construction — equity 5 2
Interest charges and financing costs    
Interest charges and other financing costs 46 37
Allowance for funds used during construction — debt (3) (2)
Total interest charges and financing costs 43 35
Income before income taxes 38 38
Income tax benefit (21) (19)
Net income $ 59 $ 57