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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities:    
Net income $ 2,778 $ 1,138
Adjustments to reconcile to net cash provided by operating activities:    
Depreciation and amortization 2,430 2,183
Equity allowance for funds used during construction (140) (143)
Asset impairment and other 97 0
Deferred income taxes 598 (42)
Wildfire Insurance Fund amortization expense 108 109
Other 123 43
Nuclear decommissioning trusts (106) (118)
Changes in operating assets and liabilities:    
Receivables (152) (847)
Inventory 10 (9)
Accounts payable 362 336
Tax receivables and payables 154 198
Other current assets and liabilities (539) (492)
Derivative assets and liabilities, net (37) (2)
Regulatory assets and liabilities, net (1,373) 1,557
Wildfire-related insurance receivable 111 115
Wildfire-related claims (447) (304)
Other noncurrent assets and liabilities 251 122
Net cash provided by operating activities 4,228 3,844
Cash flows from financing activities:    
Long-term debt issued, net of discount and issuance costs of $49 and $37 for the respective periods 3,502 4,713
Long-term debt repaid (2,027) (2,176)
Short-term debt issued 510 0
Short-term debt repaid (20) (401)
Common stock repurchased (32) 0
Preference stock issued, net of issuance cost 0 345
Preferred stock repurchased 0 (378)
Commercial paper repayments, net of borrowing (314) (817)
Dividends and distribution to noncontrolling interests (101) (130)
Common stock dividends paid (955) (896)
Preferred stock dividends paid (87) (88)
Other 2 192
Net cash provided by financing activities 478 364
Cash flows from investing activities:    
Capital expenditures (4,624) (4,211)
Proceeds from sale of nuclear decommissioning trust investments 4,502 3,558
Purchases of nuclear decommissioning trust investments (4,398) (3,488)
Other 27 44
Net cash used in investing activities (4,493) (4,097)
Net increase in cash, cash equivalents and restricted cash 213 111
Cash, cash equivalents and restricted cash at beginning of period 684 532
Cash, cash equivalents and restricted cash at end of period $ 897 $ 643