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Consideration of Credit Risk and Concentrations (Details) $ in Millions | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 USD ($) Counterparty | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) Counterparty | Jun. 30, 2023 USD ($)
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Fair value hedges |  | $ 0 | $ 0 | $ 0 | $ 0 |
Other Derivative Instruments |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Pre-tax fair value gains (losses) recognized during the period in accumulated other comprehensive loss |  | 0 | 0 | 0 | 0 |
Pre-tax fair value gains (losses) recognized during the period in regulatory (assets) and liabilities |  | 41 | (19) | 44 | (108) |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |  | 0 | 0 | 0 | 0 |
Pre-tax (gains) losses reclassified into income during the period from regulatory assets and (liabilities) |  | (15) | 11 | (3) | 104 |
Pre-tax gains (losses) recognized during the period in income |  | (14) | (6) | (36) | (25) |
Other Derivative Instruments | Electric Commodity |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Pre-tax fair value gains (losses) recognized during the period in accumulated other comprehensive loss |  | 0 | 0 | 0 | 0 |
Pre-tax fair value gains (losses) recognized during the period in regulatory (assets) and liabilities |  | 42 | (19) | 41 | (111) |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |  | 0 | 0 | 0 | 0 |
Pre-tax (gains) losses reclassified into income during the period from regulatory assets and (liabilities) | [1] | (15) | 11 | (3) | 94 |
Pre-tax gains (losses) recognized during the period in income |  | 0 | 0 | 0 | 0 |
Other Derivative Instruments | Natural Gas Commodity |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Pre-tax fair value gains (losses) recognized during the period in accumulated other comprehensive loss |  | 0 |  | 0 | 0 |
Pre-tax fair value gains (losses) recognized during the period in regulatory (assets) and liabilities |  | (1) |  | 3 | 3 |
Other Derivative Instruments | Commodity Trading |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |  | 0 | 0 | 0 | 0 |
Pre-tax (gains) losses reclassified into income during the period from regulatory assets and (liabilities) |  | 0 | 0 | 0 | 0 |
Pre-tax gains (losses) recognized during the period in income | [2] | (14) | (6) | (22) | (6) |
Other Derivative Instruments | Natural Gas Commodity |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |  |  |  | 0 | 0 |
Pre-tax (gains) losses reclassified into income during the period from regulatory assets and (liabilities) |  |  |  | 0 | 10 | [3]
Pre-tax gains (losses) recognized during the period in income | [3],[4] |  |  | (14) | (19) |
Designated as Hedging Instrument | Cash Flow Hedges |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Pre-tax fair value gains (losses) recognized during the period in accumulated other comprehensive loss |  |  | 18 | 29 | 11 |
Pre-tax fair value gains (losses) recognized during the period in regulatory (assets) and liabilities |  |  | 0 | 0 | 0 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net |  | 1 | 1 | 2 | 3 |
Pre-tax (gains) losses reclassified into income during the period from regulatory assets and (liabilities) |  | 0 | 0 | 0 | 0 |
Pre-tax gains (losses) recognized during the period in income |  | 0 | 0 | 0 | 0 |
Designated as Hedging Instrument | Cash Flow Hedges | Interest Rate |  |  |  |  |  |
Impact of Derivative Activity [Abstract] |  |  |  |  |  |
Pre-tax fair value gains (losses) recognized during the period in accumulated other comprehensive loss |  |  | 18 | 29 | 11 |
Pre-tax fair value gains (losses) recognized during the period in regulatory (assets) and liabilities |  |  | 0 | 0 | 0 |
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | [5] | 1 | 1 | 2 | 3 |
Pre-tax (gains) losses reclassified into income during the period from regulatory assets and (liabilities) |  | 0 | 0 | 0 | 0 |
Pre-tax gains (losses) recognized during the period in income |  | $ 0 | $ 0 | $ 0 | $ 0 |
Credit Concentration Risk |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Number of most significant counterparties for wholesale, trading and non-trading commodity activities with credit exposure | Counterparty |  | 10 |  | 10 |  |
Credit Concentration Risk | Municipal or Cooperative Entities or Other Utilities [Member] |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Number of most significant counterparties for wholesale, trading and non-trading commodity activities with credit exposure | Counterparty |  | 8 |  | 8 |  |
Credit Concentration Risk | External Credit Rating, Investment Grade [Member] |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Number of most significant counterparties for wholesale, trading and non-trading commodity activities with credit exposure | Counterparty |  | 4 |  | 4 |  |
Wholesale, trading and non-trading commodity credit exposure for the most significant counterparties |  | $ 41 |  | $ 41 |  |
Percentage of wholesale, trading and non-trading commodity credit exposure for the most significant counterparties (in hundredths) |  | 21.00% |  | 21.00% |  |
Credit Concentration Risk | Internal Investment Grade [Member] |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Number of most significant counterparties for wholesale, trading and non-trading commodity activities with credit exposure | Counterparty |  | 5 |  | 5 |  |
Wholesale, trading and non-trading commodity credit exposure for the most significant counterparties |  | $ 64 |  | $ 64 |  |
Percentage of wholesale, trading and non-trading commodity credit exposure for the most significant counterparties (in hundredths) |  | 33.00% |  | 33.00% |  |
Credit Concentration Risk | External Credit Rating, Non Investment Grade [Member] |  |  |  |  |  |
Derivative [Line Items] |  |  |  |  |  |
Number of most significant counterparties for wholesale, trading and non-trading commodity activities with credit exposure | Counterparty |  | 1 |  | 1 |  |
Wholesale, trading and non-trading commodity credit exposure for the most significant counterparties |  | $ 60 |  | $ 60 |  |
Percentage of wholesale, trading and non-trading commodity credit exposure for the most significant counterparties (in hundredths) |  | 31.00% |  | 31.00% |  |
[1] | Recorded to electric fuel and purchased power. These derivative settlement gains and losses are shared with electric customers through fuel and purchased energy cost-recovery mechanisms, and reclassified out of income as regulatory assets or liabilities, as appropriate. FTR settlements are shared with customers and do not have a material impact on net income. Presented amounts reflect changes in fair value between auction and settlement dates, but exclude the original auction fair value.
[2] | Recorded to electric revenues. Presented amounts do not reflect non-derivative transactions or margin sharing with customers.
[3] | Other than $2 million of 2024 losses recorded to electric fuel and purchased power, amounts are recorded to cost of natural gas sold and transported. Amounts are subject to cost-recovery mechanisms and reclassified out of income to a regulatory asset, as appropriate.
[4] | Relates primarily to option premium amortization.
[5] | Recorded to interest charges.

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