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Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities    
Net income $ 142 $ 139
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 173 162
Deferred income taxes and investment tax credits 87 37
Allowance for equity funds used during construction (1) (12)
Deferred recovery clauses (52) 41
Receivables, less allowance for uncollectibles (23) (8)
Inventories (16) 1
Taxes accrued 27 120
Accounts payable (88) 4
Other (21) (21)
Cash flows from operating activities 228 463
Cash flows from investing activities    
Capital expenditures (299) (354)
Net proceeds from sale of assets 0 9
Cash flows used in investing activities (299) (345)
Cash flows from financing activities    
Common stock 58 90
Repayment of long-term debt 0 (83)
Net increase in short-term debt 128 62
Dividends (109) (182)
Other financing activities (1) 0
Cash flows from (used in) financing activities 76 (113)
Net increase in cash and cash equivalents 5 5
Cash and cash equivalents at beginning of period 10 9
Cash and cash equivalents at end of period 15 14
Supplemental disclosure of non-cash activities    
Change in accrued capital expenditures $ (24) $ (14)