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Condensed Statements of Consolidated Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Utility revenues $ 2,607 $ 2,717
Non-utility revenues 13 62
Total 2,620 2,779
Expenses:    
Utility natural gas, fuel and purchased power 787 1,078
Non-utility cost of revenues, including natural gas 1 40
Operation and maintenance 709 663
Depreciation and amortization 363 319
Taxes other than income taxes 144 138
Total 2,004 2,238
Operating Income 616 541
Other Income (Expense):    
Gain (loss) on equity securities (83) 38
Gain (loss) on indexed debt securities 85 (39)
Interest expense and other finance charges (198) (148)
Interest expense on Securitization Bonds (6) (2)
Other income, net 14 13
Total (188) (138)
Income Before Income Taxes 428 403
Income tax expense 78 78
Net Income 350 325
Income allocated to preferred shareholders 0 12
Income Available to Common Shareholders $ 350 $ 313
Basic Earnings Per Common Share (in dollars per share) $ 0.55 $ 0.50
Diluted Earnings Per Common Share (in dollars per share) $ 0.55 $ 0.49
Weighted Average Common Shares Outstanding, Basic (in shares) 632,228 630,309
Weighted Average Common Shares Outstanding, Diluted (in shares) 633,970 633,051