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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 267 $ 310
Adjustments to reconcile net income to net cash from operating activities-    
Depreciation, amortization and impairments 276 287
Deferred income taxes and investment tax credits, net 112 32
Employee benefit costs, net (17) (2)
Transmission revenue collections, net 48 (10)
Changes in current assets and liabilities-    
Receivables (85) 55
Materials and supplies (26) (36)
Prepaid taxes and other current assets (172) (118)
Accounts payable (1) (265)
Accrued taxes (176) (103)
Accrued interest 13 9
Accrued compensation and benefits (178) (121)
Other current liabilities (18) 8
Collateral, net (25) (144)
Employee benefit plan funding and related payments (20) (18)
Other (38) 4
Net cash used for operating activities (40) (112)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital investments (790) (649)
Sales of investment securities held in trusts 13 1
Purchases of investment securities held in trusts (16) (4)
Asset removal costs (78) (60)
Other 1 (4)
Net cash used for investing activities (870) (716)
New financing-    
Long-term debt 150 950
Short-term borrowings, net 0 450
Redemptions and repayments-    
Long-term debt (23) (321)
Short-term borrowings, net (525) 0
Proceeds from FET Equity Interest Sale (Note 1) 2,300 0
Noncontrolling interest cash distributions (8) (17)
Common stock dividend payments (235) (223)
Other (13) (11)
Net cash provided from financing activities 1,646 828
Net change in cash, cash equivalents, and restricted cash 736 0
Cash, cash equivalents, and restricted cash at beginning of period 179 206
Cash, cash equivalents, and restricted cash at end of period 915 206
Significant non-cash transactions:    
Accrued capital investments $ 224 $ 155