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DERIVATIVES (Tables)
 12 Months Ended
Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Volumes of Outstanding Derivative Contracts
The volumes of the Utility’s outstanding derivatives were as follows:
  Contract Volume at
Underlying ProductInstrumentsDecember 31, 2024December 31, 2023
Natural Gas (1) (MMBtus (2))
Forwards, futures, and swaps179,257,247 196,063,296 
 Options37,717,500 30,695,000 
Electricity (MWh)Forwards, futures, and swaps8,576,078 9,169,967 
Options1,663,200 92,400 
 
Congestion Revenue Rights (3)
123,040,895 170,465,674 
(1) Amounts shown are for the combined positions of the electric fuels and core gas supply portfolios.
(2) Million British Thermal Units.
(3) CRRs are financial instruments that enable the holders to manage variability in electric energy congestion charges due to transmission grid limitations.
Offsetting Liabilities
As of December 31, 2024, the Utility’s outstanding derivative balances were as follows:
 Commodity Risk
(in millions)Gross Derivative
Balance		NettingCash CollateralTotal Derivative
Balance
Current assets – other$186 $(16)$— $170 
Noncurrent assets – other233 — — 233 
Current liabilities – other(152)16 — (136)
Noncurrent liabilities – other(167)— — (167)
Total commodity risk$100 $— $— $100 

As of December 31, 2023, the Utility’s outstanding derivative balances were as follows:
 Commodity Risk
(in millions)Gross Derivative
Balance		NettingCash CollateralTotal Derivative
Balance
Current assets – other$134 $(8)$50 $176 
Other noncurrent assets – other280 — — 280 
Current liabilities – other(172)8 46 (118)
Noncurrent liabilities – other(160)— — (160)
Total commodity risk$82 $— $96 $178 
Offsetting Assets
As of December 31, 2024, the Utility’s outstanding derivative balances were as follows:
 Commodity Risk
(in millions)Gross Derivative
Balance		NettingCash CollateralTotal Derivative
Balance
Current assets – other$186 $(16)$— $170 
Noncurrent assets – other233 — — 233 
Current liabilities – other(152)16 — (136)
Noncurrent liabilities – other(167)— — (167)
Total commodity risk$100 $— $— $100 

As of December 31, 2023, the Utility’s outstanding derivative balances were as follows:
 Commodity Risk
(in millions)Gross Derivative
Balance		NettingCash CollateralTotal Derivative
Balance
Current assets – other$134 $(8)$50 $176 
Other noncurrent assets – other280 — — 280 
Current liabilities – other(172)8 46 (118)
Noncurrent liabilities – other(160)— — (160)
Total commodity risk$82 $— $96 $178