BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024
Current assets
Cash and cash equivalents	$ 9	$ 14
Accrued unbilled revenues	144	129
Inventories	84	71
Regulatory assets	24	43	[1]
Derivative instruments	79	67
Prepayments and other	271	295
Total current assets	795	778
Property, plant and equipment, net	10,426	9,251
Other assets
Regulatory assets	376	359	[1]
Operating lease right-of-use assets	337	371
Other	64	42
Total other assets	777	772
Total assets	11,998	10,801
Current liabilities
Short-term debt	220	145
Borrowings under utility money pool arrangement	62	7
Regulatory liabilities	118	142	[2]
Taxes accrued	74	51
Accrued interest	40	36
Dividends payable to parent	47	51
Operating lease liabilities	36	34
Other	99	222
Total current liabilities	1,023	948
Deferred credits and other liabilities
Deferred income taxes	813	765
Regulatory liabilities	772	768	[2]
Asset retirement obligations	174	167
Pension and employee benefit obligations	12	17
Operating lease liabilities	301	337
Other	15	10
Total deferred credits and other liabilities	2,087	2,064
Commitments and contingencies
Capitalization
Long-term debt	4,046	3,551
Common Stock, Value, Issued	0	0
Additional paid in capital	4,221	3,647
Retained earnings	622	592
Accumulated other comprehensive loss	(1)	(1)
Total common stockholder's equity	4,842	4,238
Total liabilities and equity	$ 11,998	$ 10,801
Common Stock, Shares Issued, Not Disclosed	true	true
Affiliated Entity
Current assets
Accounts receivable, net	$ 159	$ 139
Current liabilities
Accounts payable	281	233
Related Party
Current assets
Accounts receivable, net	25	20
Current liabilities
Accounts payable	$ 46	$ 27

[1] Prior period amounts have been reclassified to conform with current year presentation.

[2] Prior period amounts have been reclassified to conform with current year presentation.