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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Utility revenues:        
Utility revenues, exclusive of alternative revenue programs $ 411 $ 390 $ 1,435 $ 1,382
Alternative revenue programs (8) 4 (4) 23
Total operating revenues 403 394 1,431 1,405
Utility operating expenses:        
Resource costs 115 142 501 579
Other operating expenses 125 107 377 328
Depreciation and amortization 73 68 216 204
Taxes other than income taxes 27 28 91 89
Non-utility operating expenses 3 0 4 1
Total operating expenses 343 345 1,189 1,201
Income from operations 60 49 242 204
Interest expense 38 37 113 109
Interest expense to affiliated trusts 1 0 2 2
Capitalized interest (1) (1) (4) (3)
Other income-net (9) (5) (6) (19)
Income before income taxes 31 18 137 115
Income tax expense 2 0 15 2
Net income and Comprehensive income $ 29 $ 18 $ 122 $ 113
Weighted-average common shares outstanding (thousands), basic 81,232 78,836 80,721 78,463
Weighted-average common shares outstanding (thousands), diluted 81,278 78,968 80,787 78,545
Earnings per common share:        
Basic $ 0.36 $ 0.23 $ 1.51 $ 1.44
Diluted $ 0.36 $ 0.23 $ 1.51 $ 1.44