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STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net Income (Loss) Attributable to Parent $ 395 $ 394 $ 384
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 468 458 373
Deferred income taxes 34 123 (133)
Allowance for equity funds used during construction (31) (17) (7)
Provision for bad debts 7 6 11
Changes in operating assets and liabilities:      
Accounts receivable (13) 82 (67)
Accrued unbilled revenues (15) 10 1
Inventories (75) (59) (51)
Prepayments and other 242 (35) 39
Accounts payable 19 29 (37)
Net regulatory assets and liabilities (30) (26) 307
Other current liabilities (307) (63) 5
Pension and other employee benefit obligations (1) 0 3
Other, net 6 (16) (18)
Net cash provided by operating activities 699 886 810
Investing activities      
Utility capital/construction expenditures (1,524) (1,015) (714)
Investments in utility money pool arrangement (322) 0 0
Receipts from utility money pool arrangement 322 0 0
Net cash used in investing activities (1,524) (1,015) (714)
Financing activities      
Proceeds from short-term borrowings, net 75 70 41
Proceeds from issuance of long-term debt 493 588 98
Repayments of Long-Term Debt 0 (350) 0
Borrowings under utility money pool arrangement 973 520 371
Repayments under utility money pool arrangement (918) (540) (344)
Capital contributions from parent 566 279 48
Dividends paid to parent (369) (427) (309)
Net cash provided by (used in) financing activities 820 140 (95)
Net change in cash and cash equivalents (5) 11 1
Cash and cash equivalents at beginning of period 14 3 2
Cash and cash equivalents at end of period 9 14 3
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (165) (144) (127)
Supplemental disclosure of non-cash investing transactions:      
Accrued property, plant and equipment additions 135 99 56
Inventory transfers to plant, property and equipment 91 56 43
Allowance for Funds Used During Construction, Investing Activities $ 31 $ 17 $ 7