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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Operating revenues $ 508 $ 458 $ 1,029 $ 886
Operating expenses        
Electric fuel and purchased power 158 103 374 263
Operating and maintenance expenses 83 83 171 155
Demand side management expenses 6 5 11 11
Depreciation and amortization 115 136 227 235
Taxes (other than income taxes) 25 29 50 50
Total operating expenses 387 356 833 714
Operating income 121 102 196 172
Other income, net 3 4 4 5
Allowance for funds used during construction — equity 6 4 11 6
Interest charges and financing costs        
Interest charges and other financing costs 48 41 94 78
Allowance for funds used during construction — debt (3) (2) (6) (4)
Total interest charges and financing costs 45 39 88 74
Income before income taxes 85 71 123 109
Income tax benefit (16) (18) (37) (37)
Net income $ 101 $ 89 $ 160 $ 146