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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 114 $ 74
Investment in equity securities 548 510
Accounts receivable, less allowance for credit losses 874 889
Accrued unbilled revenues 398 764
Natural gas and coal inventory 89 241
Materials and supplies 692 635
Non-trading derivative assets 1 10
Taxes receivable 7 20
Regulatory assets 269 1,385
Prepaid expenses and other current assets 147 171
Total current assets 3,139 4,699
Property, Plant and Equipment:    
Property, plant and equipment 37,851 37,728
Less: accumulated depreciation and amortization 10,253 10,585
Property, plant and equipment, net 27,598 27,143
Other Assets:    
Goodwill 4,294 4,294
Regulatory assets 2,499 2,193
Non-trading derivative assets 0 2
Other non-current assets 222 215
Total other assets 7,015 6,704
Total Assets 37,752 38,546
Current Liabilities:    
Short-term borrowings 500 511
Current portion of VIE Securitization Bonds long-term debt 156 156
Indexed debt, net 6 7
Current portion of other long-term debt 57 1,346
Indexed debt securities derivative 617 578
Accounts payable 934 1,352
Taxes accrued 275 298
Interest accrued 152 159
Dividends accrued 0 144
Customer deposits 109 110
Other current liabilities 344 452
Total current liabilities 3,150 5,113
Other Liabilities:    
Deferred income taxes, net 3,986 3,986
Benefit obligations 550 547
Regulatory liabilities 3,134 3,245
Other non-current liabilities 793 774
Total other liabilities 8,463 8,552
Long-term Debt:    
VIE Securitization Bonds, net 161 161
Other long-term debt, net 15,622 14,675
Total long-term debt, net 15,783 14,836
Commitments and Contingencies (Note 13)
Temporary Equity (Note 18) 0 3
Shareholders’ Equity:    
Cumulative preferred stock 790 790
Common stock 6 6
Additional paid-in capital 8,558 8,568
Retained earnings 1,034 709
Accumulated other comprehensive loss (32) (31)
Total shareholders’ equity 10,356 10,042
Total Liabilities and Shareholders’ Equity $ 37,752 $ 38,546