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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Total operating revenue $ 6,030 $ 6,081
Cost of sales 1,460 1,569
Total operating expenses 4,794 4,748
Operating income 1,236 1,333
Interest expense (532) (530)
Allowance for equity funds 38 26
Interest and dividend income 23 21
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
SPPC    
Total operating revenue 279 220
Operations and maintenance 41 36
Depreciation and amortization 36 36
Property and other taxes 6 6
Total operating expenses 241 181
Operating income 38 39
Interest expense (13) (14)
Capitalized interest 1 0
Allowance for equity funds 2 1
Interest and dividend income 3 2
Other, net 2 4
Total other income (expense) (5) (7)
Income (loss) before income tax expense (benefit) and equity income (loss) 33 32
Income tax benefit 5 4
Net income (loss) attributable to parent 28 28
SPPC | Regulated electric    
Total operating revenue 227 181
Cost of sales 124 82
SPPC | Regulated natural gas    
Total operating revenue 52 39
Cost of sales $ 34 $ 21