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Condensed Statements of Consolidated Income (Unaudited) - Houston Electric - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues $ 1,905 $ 1,875 $ 4,525 $ 4,654
Expenses:        
Operation and maintenance 678 679 1,387 1,342
Depreciation and amortization 386 349 749 668
Taxes other than income taxes 141 130 285 268
Total 1,438 1,495 3,442 3,733
Operating Income 467 380 1,083 921
Other Income (Expense):        
Interest expense and other finance charges (212) (165) (410) (313)
Interest expense on Securitization Bonds (5) (2) (11) (4)
Other income, net 10 13 24 26
Total (206) (163) (394) (301)
Income Before Income Taxes 261 217 689 620
Income tax expense 33 99 111 177
Net Income 228 118 578 443
Houston Electric        
Revenues 1,044 909 1,945 1,701
Expenses:        
Operation and maintenance 456 401 893 781
Depreciation and amortization 210 186 409 345
Taxes other than income taxes 75 67 150 131
Total 741 654 1,452 1,257
Operating Income 303 255 493 444
Other Income (Expense):        
Interest expense and other finance charges (79) (63) (155) (116)
Interest expense on Securitization Bonds (1) (2) (2) (4)
Other income, net 10 10 21 17
Total (70) (55) (136) (103)
Income Before Income Taxes 233 200 357 341
Income tax expense 46 42 71 75
Net Income $ 187 $ 158 $ 286 $ 266