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Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Total operating revenue $ 6,111 $ 6,346
Cost of sales 1,670 1,955
Total operating expenses 5,216 5,679
Operating income 895 667
Interest expense (691) (586)
Allowance for equity funds 83 49
Interest and dividend income 116 86
Other, net 31 40
Total other income (expense) (538) 312
Income before income tax expense (benefit) and equity income (loss) 357 979
Income tax expense (benefit) (371) (162)
Net income attributable to parent 653 989
SPPC    
Total operating revenue 346 400
Operations and maintenance 56 56
Depreciation and amortization 47 46
Property and other taxes 6 7
Total operating expenses 327 365
Operating income 19 35
Interest expense (20) (16)
Capitalized interest 1 2
Allowance for equity funds 4 2
Interest and dividend income 4 7
Other, net 3 1
Total other income (expense) (8) (4)
Income before income tax expense (benefit) and equity income (loss) 11 31
Income tax expense (benefit) 1 4
Net income attributable to parent 10 27
SPPC | Regulated electric    
Total operating revenue 260 304
Cost of sales 151 181
SPPC | Regulated natural gas    
Total operating revenue 86 96
Cost of sales $ 67 $ 75