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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 160 $ 146
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 229 237
Deferred income taxes 12 94
Allowance for equity funds used during construction (11) (6)
Provision for bad debts 4 3
Changes in operating assets and liabilities:    
Accounts receivable (31) 66
Accrued unbilled revenues (45) (19)
Inventories (32) (27)
Prepayments and other 84 (4)
Accounts payable 27 20
Net regulatory assets and liabilities (1) 36
Other current liabilities (95) (25)
Pension and other employee benefit obligations (2) (2)
Other, net (1) (13)
Net cash provided by operating activities 298 506
Investing activities    
Utility capital/construction expenditures (653) (428)
Investments In Utility Money Pool Arrangement (178) 0
Repayments from utility money pool arrangement 178 0
Net cash used in investing activities (653) (428)
Financing activities    
Repayments of short-term borrowings, net (145) (75)
Proceeds from Issuance of Long-Term Debt 494 588
Repayments of Long-Term Debt 0 (350)
Borrowings under utility money pool arrangement 518 437
Repayments under utility money pool arrangement (525) (464)
Capital contributions from parent 559 272
Dividends paid to parent (103) (148)
Net cash provided by financing activities 798 260
Net change in cash, cash equivalents and restricted cash 443 338
Cash, cash equivalents and restricted cash at beginning of period 14 3
Cash, cash equivalents and restricted cash at end of period 457 341
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (78) (68)
Cash received for income taxes, net; includes proceeds from tax credit transfers 50 117
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 147 57
Inventory transfers to property, plant and equipment 57 26
Allowance for equity funds used during construction 11 6
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 457 $ 341