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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 59 $ 57
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 114 100
Deferred income taxes (11) 14
Allowance for equity funds used during construction (5) (2)
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable (9) 79
Accrued unbilled revenues (25) 2
Inventories (18) (13)
Prepayments and other 13 (7)
Accounts payable 0 3
Net regulatory assets and liabilities (20) 15
Other current liabilities (49) (25)
Pension and other employee benefit obligations (2) (2)
Other, net (20) (15)
Net cash provided by operating activities 29 208
Investing activities    
Utility capital/construction expenditures (280) (206)
Net cash used in investing activities (280) (206)
Financing activities    
Repayments of short-term borrowings, net 64 70
Borrowings under utility money pool arrangement 337 246
Repayments under utility money pool arrangement (320) (173)
Capital contributions from parent 210 12
Dividends paid to parent (51) (101)
Net cash provided by financing activities 240 54
Net change in cash, cash equivalents and restricted cash (11) 56
Cash, cash equivalents and restricted cash at beginning of period 14 3
Cash, cash equivalents and restricted cash at end of period 3 59
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (25) (25)
Cash received for income taxes, net; includes proceeds from tax credit transfers 5 15
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 122 55
Inventory transfers to property, plant and equipment 13 10
Allowance for equity funds used during construction 5 2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 3 $ 59