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Consolidated Statements of Income and Comprehensive Income - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues      
Electric $ 2,637 $ 2,519 $ 2,170
Gas 0 650 525
Total revenues 2,637 3,169 2,695
Expenses      
Fuel 605 676 604
Purchased power 78 151 106
Cost of natural gas sold 0 257 155
Operations & maintenance 595 619 566
Depreciation and amortization 422 436 430
Taxes, other than income 234 257 228
Total expenses 1,934 2,396 2,089
Income from operations 703 773 606
Other income      
Allowance for other funds used during construction 19 35 45
Interest income from affiliates 38 0 0
Other income, net 32 20 5
Total other income 89 55 50
Interest charges      
Interest expense 234 178 151
Interest expense to affiliates 11 0 0
Allowance for borrowed funds used during construction (6) (11) (21)
Total interest charges 239 167 130
Income before provision for income taxes 553 661 526
Provision for income taxes 87 121 80
Net income 466 540 446
Comprehensive income $ 466 $ 540 $ 446