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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 4,403 $ 4,060
OPERATING EXPENSES    
Depreciation and amortization 499 529
Taxes, other than income taxes 765 753
TOTAL OPERATING EXPENSES 3,519 3,261
Gain on sale of the Clean Energy Businesses 855 0
OPERATING INCOME 1,739 799
OTHER INCOME (DEDUCTIONS)    
Investment income 8 5
Other income 204 82
Allowance for equity funds used during construction 6 5
Other deductions (22) (2)
TOTAL OTHER INCOME (DEDUCTIONS) 196 90
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 1,935 889
INTEREST EXPENSE (INCOME)    
Interest on long-term debt 251 241
Other interest expense (income) 24 (56)
Allowance for borrowed funds used during construction (13) (3)
NET INTEREST EXPENSE 262 182
INCOME BEFORE INCOME TAX EXPENSE 1,673 707
INCOME TAX EXPENSE 243 153
NET INCOME 1,430 554
Loss attributable to non-controlling interest (3) (48)
NET INCOME $ 1,433 $ 602
Net income per common share - basic (dollars per share) $ 4.06 $ 1.70
Net income per common share - diluted (dollars per share) $ 4.05 $ 1.70
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 352.9 354.1
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 354.2 355.1
Electric    
OPERATING REVENUES    
TOTAL OPERATING REVENUES $ 2,538 $ 2,250
Gas    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 1,430 1,250
OPERATING EXPENSES    
Operating costs 468 443
Steam    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 306 302
Non-utility    
OPERATING REVENUES    
TOTAL OPERATING REVENUES 129 258
Purchased power    
OPERATING EXPENSES    
Operating costs 702 487
Fuel    
OPERATING EXPENSES    
Operating costs 189 144
Other operations and maintenance    
OPERATING EXPENSES    
Operating costs $ 896 $ 905