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Consolidated Statements of Operations - PAC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 26,337 $ 25,150 $ 20,952
Operating expenses:      
Cost of fuel and energy 6,757 5,504 4,187
Operating income 5,241 5,327 4,291
Other income (expense):      
Interest expense (2,216) (2,118) (2,021)
Allowance for borrowed funds 76 64 80
Allowance for equity funds 167 126 165
Interest and dividend income 154 89 71
Other, net (7) (17) 88
Total other income (expense) (3,828) (33) 3,180
Income (loss) before income tax expense (benefit) and equity income (loss) 1,413 5,294 7,471
Income tax (benefit) expense (1,916) (1,132) 308
Net income (loss) attributable to parent 2,721 5,790 6,943
PAC      
Revenues 5,679 5,296 5,341
Operating expenses:      
Cost of fuel and energy 1,979 1,831 1,790
Operations and maintenance 1,227 1,031 1,209
Depreciation and amortization 1,120 1,088 1,209
Property and other taxes 195 213 209
Total operating expenses 4,521 4,163 4,417
Operating income 1,158 1,133 924
Other income (expense):      
Interest expense (431) (430) (426)
Allowance for borrowed funds 31 24 48
Allowance for equity funds 71 50 98
Interest and dividend income 44 24 10
Other, net (15) 8 10
Total other income (expense) (300) (324) (260)
Income (loss) before income tax expense (benefit) and equity income (loss) 858 809 664
Income tax (benefit) expense (62) (79) (75)
Net income (loss) attributable to parent $ 920 $ 888 $ 739