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Consolidated Statements of Operations - PAC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues $ 25,150 $ 20,952 $ 19,844
Operating expenses:      
Cost of fuel and energy 5,504 4,187 4,586
Operating income 5,327 4,291 4,150
Other income (expense):      
Interest expense (2,118) (2,021) (1,912)
Allowance for borrowed funds 64 80 77
Allowance for equity funds 126 165 173
Interest and dividend income 89 71 117
Other, net (17) 88 97
Total other income (expense) (33) 3,180 (1,736)
Income (loss) before income tax expense (benefit) and equity income (loss) 5,294 7,471 2,414
Income tax (benefit) expense (1,132) 308 (598)
Net income (loss) attributable to parent 5,790 6,943 2,950
PAC      
Revenues 5,296 5,341 5,068
Operating expenses:      
Cost of fuel and energy 1,831 1,790 1,795
Operations and maintenance 1,031 1,209 1,048
Depreciation and amortization 1,088 1,209 954
Property and other taxes 213 209 199
Total operating expenses 4,163 4,417 3,996
Operating income 1,133 924 1,072
Other income (expense):      
Interest expense (430) (426) (401)
Allowance for borrowed funds 24 48 36
Allowance for equity funds 50 98 72
Interest and dividend income 24 10 21
Other, net 8 10 32
Total other income (expense) (324) (260) (240)
Income (loss) before income tax expense (benefit) and equity income (loss) 809 664 832
Income tax (benefit) expense (79) (75) 61
Net income (loss) attributable to parent $ 888 $ 739 $ 771