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Statements of Operations (Unaudited) - MEC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenue:    
Total operating revenue $ 6,030 $ 6,081
Operating expenses:    
Cost of sales 1,460 1,569
Total operating expenses 4,794 4,748
Operating income 1,236 1,333
Other income (expense):    
Interest expense (532) (530)
Allowance for equity funds 38 26
Other, net 5 8
Total other income (expense) (1,706) (1,579)
Income (loss) before income tax expense (benefit) and equity income (loss) (470) (246)
Income tax benefit (507) (535)
Net income (loss) attributable to parent (129) 4
MEC    
Operating revenue:    
Total operating revenue 1,005 1,067
Operating expenses:    
Operations and maintenance 192 193
Depreciation and amortization 250 207
Property and other taxes 40 36
Total operating expenses 905 1,019
Operating income 100 48
Other income (expense):    
Interest expense (78) (74)
Allowance for borrowed funds 4 2
Allowance for equity funds 15 6
Other, net (3) 11
Total other income (expense) (62) (55)
Income (loss) before income tax expense (benefit) and equity income (loss) 38 (7)
Income tax benefit (206) (154)
Net income (loss) attributable to parent 244 147
Regulated electric | MEC    
Operating revenue:    
Total operating revenue 608 545
Operating expenses:    
Cost of sales 125 151
Regulated natural gas and other | MEC    
Operating revenue:    
Total operating revenue 397 522
Operating expenses:    
Cost of sales $ 298 $ 432