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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 199 $ 211
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 225 209
Deferred income taxes and investment tax credits 0 (3)
Allowance for equity funds used during construction (11) (7)
Deferred recovery clauses 82 160
Regulatory assets and liabilities 45 57
Pension and post-retirement asset and liabilities (7) (12)
Other 1 5
Changes in working capital:    
Receivables, less allowance for credit losses (12) (65)
Inventories (2) (30)
Taxes accrued 32 37
Interest accrued 12 6
Accounts payable (65) (119)
Other (4) 15
Cash flows from operating activities 495 464
Cash flows used in investing activities    
Capital expenditures (607) (571)
Net proceeds from sale of assets 3 0
Cash flows used in investing activities (604) (571)
Cash flows from financing activities    
Equity contributions from Parent 420 200
Proceeds from long-term debt issuance 495 0
Net increase (decrease) in short-term debt (maturities of 90 days or less) (641) 205
Advances to affiliate 0 (132)
Dividends to Parent (148) (170)
Other (2) (1)
Cash flows from financing activities 124 102
Net increase (decrease) in cash, cash equivalents and restricted cash 15 (5)
Cash and cash equivalents at beginning of period 5 10
Cash, cash equivalents and restricted cash at end of period 20 5
Cash, cash equivalents and restricted cash consists of:    
Cash and cash equivalents 10 5
Restricted cash 10 0
Cash, cash equivalents and restricted cash 20 5
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures 15 (14)
Change in notes receivable from PGS $ 0 $ (736)