XML 13 R2.htm IDEA: XBRL DOCUMENT v3.25.1
CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues    
Electric $ 2,835 $ 2,685
Natural gas 1,055 941
Other 16 23
Total operating revenues 3,906 3,649
Operating expenses    
Electric fuel and purchased power 1,020 948
Cost of natural gas sold and transported 513 483
Cost of sales — other 2 8
Operating and maintenance expenses 686 605
Conservation and demand side management expenses 110 97
Depreciation and amortization 728 658
Taxes, Other 170 171
Total operating expenses 3,229 2,970
Operating income 677 679
Other income, net 7 14
(Loss) earnings from equity method investments (1) 8
Allowance for funds used during construction — equity 48 37
Interest charges and financing costs    
Interest charges — includes other financing costs 332 291
Allowance for funds used during construction — debt (23) (14)
Total interest charges and financing costs 309 277
Income before income taxes 422 461
Income tax benefit (61) (27)
Net income $ 483 $ 488
Weighted average common shares outstanding:    
Basic (in shares) 575 556
Diluted (in shares) [1] 577 556
Earnings per average common share:    
Basic (in dollars per share) $ 0.84 $ 0.88
Diluted (in dollars per share) $ 0.84 $ 0.88
[1] Diluted common shares outstanding included common stock equivalents of 1.4 million and 0.2 million for the three months ended March 31, 2025 and 2024, respectively.