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Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities    
Net income $ 114 $ 63
Adjustments to reconcile net income to cash from operating activities:    
Depreciation and amortization 122 112
Deferred income taxes and investment tax credits 13 6
Allowance for equity funds used during construction (10) (5)
Deferred recovery clauses (35) 42
Regulatory assets and liabilities 26 19
Pension and post-retirement asset and liabilities (2) (3)
Other 2 (4)
Changes in working capital:    
Receivables, less allowance for credit losses (19) 46
Inventories (5) (3)
Taxes accrued 21 20
Interest accrued 15 21
Accounts payable (112) (112)
Other 1 3
Cash flows from operating activities 131 205
Cash flows used in investing activities    
Capital expenditures (309) (268)
Net proceeds from sale of assets 0 3
Cash flows used in investing activities (309) (265)
Cash flows from financing activities    
Equity contributions from Parent 150 300
Proceeds from long-term debt issuance 594 496
Net decrease in short-term debt (maturities of 90 days or less) (478) (650)
Dividends to Parent (84) (85)
Cash flows from financing activities 182 61
Net increase in cash and cash equivalents 4 1
Cash and cash equivalents at beginning of period 4 5
Cash and cash equivalents at end of period 8 6
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ 45 $ (11)