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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating revenues    
Operating revenues $ 530 $ 521
Operating expenses    
Electric fuel and purchased power 198 216
Operating and maintenance expenses 86 88
Demand side management expenses 5 5
Depreciation and amortization 119 112
Taxes (other than income taxes) 26 25
Total operating expenses 434 446
Operating income 96 75
Other income, net 0 1
Allowance for funds used during construction — equity 14 5
Interest charges and financing costs    
Interest charges and other financing costs 52 46
Allowance for funds used during construction — debt (6) (3)
Total interest charges and financing costs 46 43
Income before income taxes 64 38
Income tax benefit (20) (21)
Net income $ 84 $ 59