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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2023
Sep. 30, 2022
OPERATING REVENUES                
TOTAL OPERATING REVENUES $ 3,872     $ 4,165     $ 11,219 $ 11,639
OPERATING EXPENSES                
Depreciation and amortization 512     525     1,506 1,593
Taxes, other than income taxes 801     777     2,282 2,248
TOTAL OPERATING EXPENSES 3,149     3,276     9,340 9,565
Gain (Loss) on sale of the Clean Energy Businesses (1)     0     866 0
OPERATING INCOME 722     889     2,745 2,074
OTHER INCOME (DEDUCTIONS)                
Investment income 8     5     23 15
Other income 210     101     625 296
Allowance for equity funds used during construction 7     4     20 15
Other deductions (18)     (21)     (57) (57)
TOTAL OTHER INCOME 207     89     611 269
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 929     978     3,356 2,343
INTEREST EXPENSE (INCOME)                
Interest on long-term debt 234     246     719 728
Other interest expense (income) 39     (32)     78 (119)
Allowance for borrowed funds used during construction (14)     (15)     (39) (23)
NET INTEREST EXPENSE 259     199     758 586
INCOME BEFORE INCOME TAX EXPENSE 670     779     2,598 1,757
INCOME TAX EXPENSE 144     160     416 330
NET INCOME 526 $ 226 $ 1,430 619 $ 254 $ 554 2,182 1,427
Income (Loss) attributable to non-controlling interest 0     6     (3) (43)
NET INCOME $ 526     $ 613     $ 2,185 $ 1,470
Net income per common share - basic (dollars per share) $ 1.53     $ 1.73     $ 6.27 $ 4.15
Net income per common share - diluted (dollars per share) $ 1.52     $ 1.72     $ 6.24 $ 4.13
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 345.0     354.6     348.4 354.4
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 346.5     355.9     349.9 355.7
Electric                
OPERATING REVENUES                
TOTAL OPERATING REVENUES $ 3,469     $ 3,328     $ 8,309 $ 7,994
Gas                
OPERATING REVENUES                
TOTAL OPERATING REVENUES 353     453     2,354 2,345
OPERATING EXPENSES                
Operating costs 73     185     640 833
Steam                
OPERATING REVENUES                
TOTAL OPERATING REVENUES 49     58     425 444
Non-utility                
OPERATING REVENUES                
TOTAL OPERATING REVENUES 1     326     131 856
Purchased power                
OPERATING EXPENSES                
Operating costs 796     731     1,993 1,851
Fuel                
OPERATING EXPENSES                
Operating costs 34     59     241 255
Other operations and maintenance                
OPERATING EXPENSES                
Operating costs $ 933     $ 999     $ 2,678 $ 2,785