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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, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenue, net $ 942 $ 801 $ 2,643 $ 2,192
Alternative revenue programs, net of amortization (13) 1 (27) 6
Total revenues 929 802 2,616 2,198
Operating expenses:        
Purchased power and fuel 380 386 1,060 910
Generation, transmission and distribution 131 85 337 279
Administrative and other 102 89 294 262
Depreciation and amortization 126 116 369 340
Taxes other than income taxes 44 41 132 124
Total operating expenses 783 717 2,192 1,915
Income from operations 146 85 424 283
Interest expense, net 53 42 156 127
Other income:        
Allowance for equity funds used during construction 6 5 17 12
Miscellaneous income (loss), net 6 5 21 22
Other income, net 12 10 38 34
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 105 53 306 190
Income tax expense 11 6 31 30
Net income 94 47 275 160
Other comprehensive Income (1) 0 0 1
Comprehensive Income $ 93 $ 47 $ 275 $ 161
Weighted-average common shares outstanding (in thousands):        
Basic 103,845 100,849 102,730 96,625
Diluted 104,338 101,103 102,958 96,830
Earnings per share:        
Basic $ 0.91 $ 0.47 $ 2.68 $ 1.65
Diluted $ 0.90 $ 0.46 $ 2.67 $ 1.65