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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
OPERATING REVENUES    
Total operating revenues $ 4,060 $ 3,677
OPERATING EXPENSES    
Depreciation and amortization 529 497
Taxes, other than income taxes 753 704
TOTAL OPERATING EXPENSES 3,261 2,817
OPERATING INCOME 799 860
OTHER INCOME (DEDUCTIONS)    
Investment income (loss) 5 (161)
Other income 82 6
Allowance for equity funds used during construction 5 5
Other deductions (2) (36)
TOTAL OTHER INCOME (DEDUCTIONS) 90 (186)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 889 674
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 241 227
Other interest income (56) (47)
Allowance for borrowed funds used during construction (3) (4)
NET INTEREST EXPENSE 182 176
INCOME BEFORE INCOME TAX EXPENSE 707 498
INCOME TAX EXPENSE 153 78
NET INCOME 554 420
(Loss) Income attributable to non-controlling interest (48) 1
NET INCOME $ 602 $ 419
Net income per common share - basic (dollars per share) $ 1.70 $ 1.23
Net income per common share - diluted (dollars per share) $ 1.70 $ 1.22
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 354.1 342.2
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 355.1 343.0
Electric    
OPERATING REVENUES    
Total operating revenues $ 2,250 $ 2,113
Gas    
OPERATING REVENUES    
Total operating revenues 1,250 1,076
OPERATING EXPENSES    
Operating costs 443 296
Steam    
OPERATING REVENUES    
Total operating revenues 302 264
Non-utility    
OPERATING REVENUES    
Total operating revenues 258 224
Purchased power    
OPERATING EXPENSES    
Operating costs 487 437
Fuel    
OPERATING EXPENSES    
Operating costs 144 93
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 905 $ 790