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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from or used in operating activities      
Net income $ 468 $ 466 $ 540
Adjustments to reconcile net income to cash from operating activities:      
Depreciation and amortization 454 422 436
Deferred income taxes and investment tax credits 66 (22) 137
Allowance for equity funds used during construction (30) (19) (35)
Deferred recovery clauses 134 415 (422)
Regulatory assets and liabilities (305) 116 (100)
Pension and post-retirement asset and liabilities (11) (23) (18)
Other 15 14 (1)
Changes in working capital:      
Receivables, less allowance for credit losses 72 (44) (45)
Inventories (19) (39) (41)
Taxes accrued (3) 12 (23)
Accounts payable 315 (56) 75
Other 8 (1) 8
Cash flows from operating activities 1,164 1,241 511
Cash flows from or used in investing activities      
Capital expenditures (1,422) (1,294) (1,427)
Net proceeds from sale of assets 3 0 10
Cash flows used in investing activities (1,419) (1,294) (1,417)
Cash flows from or used in financing activities      
Equity contributions from Parent 600 300 605
Dividends to Parent (469) (472) (517)
Proceeds from long-term debt issuance 495 0 595
Repayment of long-term debt (300) 0 (250)
Advances to affiliate 0 (227) 0
Repayment of advances to affiliate 0 956 0
Advances from Parent 0 0 195
Repayment of advances from Parent 0 (195) 0
Net change in short-term debt (maturities of 90 days or less) (70) 87 374
Proceeds from other short-term debt (maturities over 90 days) 0 400 400
Repayment of other short-term debt (maturities over 90 days) 0 (800) (500)
Other financing activities (2) (1) 0
Cash flows from financing activities 254 48 902
Net increase (decrease) in cash and cash equivalents (1) (5) (4)
Cash and cash equivalents at beginning of the year 5 10 18
Cash and cash equivalents at end of the year 4 5 10
Cash and cash equivalents at end of the year     14
Supplemental disclosure of cash paid (received):      
Interest 182 233 152
Income taxes (3) 102 2
Supplemental disclosure of non-cash activities      
Change in accrued capital expenditures 10 20 (6)
Reclassification of short-term debt to long-term debt 0 497 0
Change in note receivable from PGS $ 0 $ (736) $ 0