BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 12	$ 9
Accrued unbilled revenues	155	144
Inventories	83	84
Regulatory assets	20	24
Derivative instruments	112	79
Prepayments and other	239	271
Total current assets	806	795
Property, plant and equipment, net	10,817	10,426
Other assets
Regulatory assets	387	376
Operating lease right-of-use assets	328	337
Other	87	64
Total other assets	802	777
Total assets	12,425	11,998
Current liabilities
Short-term debt	55	220
Borrowings under utility money pool arrangement	0	62
Regulatory liabilities	150	118
Taxes accrued	41	74
Accrued interest	62	40
Dividends payable to parent	66	47
Operating lease liabilities	36	36
Other	113	99
Total current liabilities	922	1,023
Deferred credits and other liabilities
Deferred income taxes	804	813
Regulatory liabilities	798	772
Asset retirement obligations	176	174
Pension and employee benefit obligations	11	12
Operating lease liabilities	292	301
Other	15	15
Total deferred credits and other liabilities	2,096	2,087
Capitalization
Long-term debt	4,047	4,046
Common stock — 200 shares authorized of $1.00 par value; 100 shares outstanding at March 31, 2026 and Dec. 31, 2025, respectively	$ 0	$ 0
Common Stock, Shares Authorized	200	200
Common Stock, Par or Stated Value Per Share	$ 1.00	$ 1.00
Common Stock, Shares, Outstanding	100	100
Common Stock, Shares Issued, Not Disclosed	true	true
Additional paid in capital	$ 4,721	$ 4,221
Retained earnings	640	622
Accumulated other comprehensive loss	(1)	(1)
Total common stockholder's equity	5,360	4,842
Total liabilities and equity	12,425	11,998
Nonrelated Party
Current assets
Accounts receivable, net	175	159
Current liabilities
Accounts payable	379	281
Affiliated Entity
Current assets
Accounts receivable, net	10	25
Current liabilities
Accounts payable	$ 20	$ 46