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Consolidated Statements of Income - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
REVENUES:        
Total revenues [1] $ 2,622 $ 2,522 $ 5,348 $ 5,231
OPERATING EXPENSES:        
Fuel 112 77 230 175
Purchased power 614 613 1,332 1,307
Other operating expenses 718 730 1,470 1,479
Provision for depreciation 323 321 646 638
Amortization of regulatory assets, net 49 13 141 65
General taxes 264 253 537 520
DPA penalty (Note 9) 230 0 230 0
Gain on sale of Yards Creek 0 0 (109) 0
Total operating expenses 2,310 2,007 4,477 4,184
OPERATING INCOME 312 515 871 1,047
OTHER INCOME (EXPENSE):        
Miscellaneous income, net 108 103 243 203
Pension and OPEB mark-to-market adjustment (Note 5) 0 0 0 (423)
Interest expense (287) (263) (572) (526)
Capitalized financing costs 21 18 34 36
Total other expense (158) (142) (295) (710)
INCOME BEFORE INCOME TAXES 154 373 576 337
INCOME TAXES 96 66 183 6
INCOME FROM CONTINUING OPERATIONS 58 307 393 331
Discontinued operations (Note 3) [2] 0 2 0 52
NET INCOME $ 58 $ 309 $ 393 $ 383
EARNINGS PER SHARE OF COMMON STOCK (Note 4):        
Basic - Continuing Operations (in dollars per share) $ 0.11 $ 0.57 $ 0.72 $ 0.61
Basic - Discontinued Operations (in dollars per share) 0 0 0 0.10
Basic - Net Income Attributable to Common Stockholders (in dollars per share) 0.11 0.57 0.72 0.71
Diluted - Continuing Operations (in dollars per share) 0.11 0.57 0.72 0.61
Diluted - Discontinued Operations (in dollars per share) 0 0 0 0.10
Diluted - Net Income Attributable to Common Stockholders (in dollars per share) $ 0.11 $ 0.57 $ 0.72 $ 0.71
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING:        
Basic, in shares 544 542 544 541
Diluted, in shares 545 543 545 543
Distribution Services and Retail Generation        
REVENUES:        
Total revenues $ 2,096 $ 2,030 $ 4,332 $ 4,154
Transmission        
REVENUES:        
Total revenues 411 380 812 777
Other        
REVENUES:        
Total revenues $ 115 $ 112 $ 204 $ 300
[1] Includes excise and gross receipts tax collections of $85 million and $84 million during the three months ended June 30, 2021 and 2020, respectively, and $180 million and $176 million during the six months ended June 30, 2021 and 2020, respectively.
[2] Net of income tax expense (benefits) of $1 million and $(35) million for the three and six months ended June 30, 2020, respectively.