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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating Revenues    
Total operating revenues $ 5,861 $ 6,209
Operating Expenses    
Operating and maintenance 2,636 2,677
SB 901 securitization charges, net 0 273
Wildfire-related claims, net of recoveries (1) (2)
Wildfire Fund expense 78 117
Depreciation, amortization, and decommissioning 1,022 1,077
Total operating expenses 4,585 5,580
Operating Income 1,276 629
Interest income 137 112
Interest expense (715) (602)
Other income, net 76 85
Income Before Income Taxes 774 224
Income tax provision (benefit) 39 (348)
Net Income 735 572
Preferred stock dividend requirement of subsidiary 3 3
Income Available for Common Shareholders $ 732 $ 569
Weighted Average Common Shares Outstanding, Basic (in shares) 2,134 1,991
Weighted Average Common Shares Outstanding, Diluted (in shares) 2,139 2,132
Net Income Per Common Share, Basic (in dollars per share) $ 0.34 $ 0.29
Net Income Per Common Share, Diluted (in dollars per share) $ 0.34 $ 0.27
Electric    
Operating Revenues    
Total operating revenues $ 4,052 $ 4,119
Operating Expenses    
Cost of electricity and natural gas 321 522
Natural gas    
Operating Revenues    
Total operating revenues 1,809 2,090
Operating Expenses    
Cost of electricity and natural gas $ 529 $ 916