XML 11 R5.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities    
Net income $ 63 $ 79
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 112 104
Deferred income taxes and investment tax credits 6 14
Allowance for equity funds used during construction (5) (3)
Deferred recovery clauses 42 50
Regulatory assets and liabilities 19 11
Pension and post-retirement asset and liabilities (3) (5)
Other (4) 6
Changes in working capital:    
Receivables, less allowance for credit losses 46 (2)
Inventories (3) (10)
Taxes accrued 20 19
Interest accrued 21 8
Accounts payable (112) (125)
Other 3 5
Cash flows from operating activities 205 151
Cash flows used in investing activities    
Capital expenditures (268) (254)
Net proceeds from sale of assets 3 0
Cash flows used in investing activities (265) (254)
Cash flows from financing activities    
Equity contributions from Parent 300 100
Proceeds from long-term debt issuance 496 0
Net increase (decrease) in short-term debt (maturities of 90 days or less) (650) 164
Advances to affiliate 0 (76)
Dividends to Parent (85) (91)
Cash flows from financing activities 61 97
Net increase (decrease) in cash and cash equivalents 1 (6)
Cash and cash equivalents at beginning of period 5 10
Cash and cash equivalents at end of period 6 4
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures (11) (9)
Change in notes receivable from PGS $ 0 $ (736)