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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Transmission revenues $ 93 $ 103 $ 299 $ 328
Equity earnings (Note 5) 31 34 115 129
Operation and maintenance expenses (18) (15) (51) (48)
Property taxes (6) (7) (19) (21)
General and administrative (2) (2) (6) (4)
Depreciation and amortization (19) (25) (58) (73)
Financial charges and other (Note 15) (20) (23) (63) (69)
Net income before taxes 59 65 217 242
Income taxes     (1) (1)
Net Income 59 65 216 241
Net income attributable to non-controlling interests 3 3 12 10
Net income attributable to controlling interests 56 62 204 231
Net income attributable to controlling interest allocation (Note 9)        
General Partner 1 1 4 5
Class B units 1 4 1 4
Net income attributable to controlling interests 56 62 204 231
Common Units        
Net income attributable to controlling interest allocation (Note 9)        
Net income attributable to common units $ 54 $ 57 $ 199 $ 222
Net income per common unit (Note 9) - basic and diluted (in dollars per unit) $ 0.76 $ 0.79 $ 2.79 $ 3.11
Weighted average common units outstanding - basic and diluted (in units) 71.3 71.3 71.3 71.3
Common units outstanding, end of period (in units) 71.3 71.3 71.3 71.3