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STATEMENTS OF CONSOLIDATED INCOME - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:      
Utility revenues $ 8,524 $ 9,018 $ 8,042
Non-utility revenues 172 303 310
Total 8,696 9,321 8,352
Expenses:      
Utility natural gas, fuel and purchased power 2,061 2,887 2,127
Non-utility cost of revenues, including natural gas 99 204 208
Operation and maintenance 2,850 2,833 2,810
Depreciation and amortization 1,401 1,288 1,316
Taxes other than income taxes 525 543 528
Total 6,936 7,755 6,989
Operating Income 1,760 1,566 1,363
Other Income (Expense):      
Gain (loss) on equity securities 31 (227) (172)
Gain (loss) on indexed debt securities (27) 325 50
Gain (loss) on sale (13) 303 8
Interest expense and other finance charges (684) (511) (508)
Interest expense on Securitization Bonds (17) (13) (21)
Other income (expense), net 37 (26) 58
Total (673) (149) (585)
Income from Continuing Operations Before Income Taxes 1,087 1,417 778
Income tax expense 170 360 110
Income From Continuing Operations 917 1,057 668
Net Income 917 1,057 1,486
Income allocated to preferred shareholders 50 49 95
Income Available to Common Shareholders $ 867 $ 1,008 $ 1,391
Earnings per common share:      
Basic earnings per common share - continuing operations (in dollars per share) $ 1.37 $ 1.60 $ 0.97
Basic earnings (loss) per common share - discontinued operations (in dollars per share) 0 0 1.38
Basic Earnings (Loss) Per Common Share (in dollars per share) 1.37 1.60 2.35
Basic Earnings Per Common Share      
Diluted earnings per common share - continuing operations (in dollars per share) 1.37 1.59 0.94
Diluted earnings (loss) per common share - discontinued operations (in dollars per share) 0 0 1.34
Diluted Earnings (Loss) Per Common Share (in dollars per share) $ 1.37 $ 1.59 $ 2.28
Weighted Average Common Shares Outstanding, Basic 630,947 629,415 592,933
Weighted Average Common Shares Outstanding, Diluted 633,179 632,346 609,938