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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenue, net $ 801 $ 742 $ 2,192 $ 1,955
Alternative revenue programs, net of amortization 1 1 6 5
Total revenues 802 743 2,198 1,960
Operating expenses:        
Purchased power and fuel 386 337 910 707
Generation, transmission and distribution 85 83 279 258
Administrative and other 89 84 262 257
Depreciation and amortization 116 108 340 310
Taxes other than income taxes 41 39 124 118
Total operating expenses 717 651 1,915 1,650
Income from operations 85 92 283 310
Interest expense, net 42 39 127 115
Other income:        
Allowance for equity funds used during construction 5 4 12 10
Miscellaneous income (loss), net 5 13 22 13
Other income, net 10 17 34 23
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 53 70 190 218
Income tax expense 6 12 30 36
Net income 47 58 160 182
Other comprehensive Income 0 0 1 1
Comprehensive Income $ 47 $ 58 $ 161 $ 183
Weighted-average common shares outstanding (in thousands):        
Basic 100,849 89,263 96,625 89,294
Diluted 101,103 89,447 96,830 89,448
Basic $ 0.47 $ 0.65 $ 1.65 $ 2.04
Diluted $ 0.46 $ 0.65 $ 1.65 $ 2.04