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CONSOLIDATED INCOME STATEMENT (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES            
TOTAL OPERATING REVENUES $ 2,944   $ 3,415   $ 7,347 $ 7,475
OPERATING EXPENSES            
Depreciation and amortization 496   539   994 1,068
Taxes, other than income taxes 716   718   1,482 1,471
TOTAL OPERATING EXPENSES 2,673   3,028   6,192 6,290
Gain on sale of the Clean Energy Businesses 13   0   867 0
OPERATING INCOME 284   387   2,022 1,185
OTHER INCOME (DEDUCTIONS)            
Investment income 8   5   16 10
Other income 210   113   414 196
Allowance for equity funds used during construction 6   5   13 10
Other deductions (17)   (34)   (39) (35)
TOTAL OTHER INCOME 207   89   404 181
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 491   476   2,426 1,366
INTEREST EXPENSE (INCOME)            
Interest on long-term debt 234   242   485 482
Other interest expense (income) 14   (32)   39 (87)
Allowance for borrowed funds used during construction (12)   (5)   (25) (8)
NET INTEREST EXPENSE 236   205   499 387
INCOME BEFORE INCOME TAX EXPENSE 255   271   1,927 979
INCOME TAX EXPENSE 29   17   272 171
NET INCOME 226 $ 1,430 254 $ 554 1,655 808
Loss attributable to non-controlling interest 0   (1)   (3) (49)
NET INCOME $ 226   $ 255   $ 1,658 $ 857
Net income per common share - basic (dollars per share) $ 0.65   $ 0.72   $ 4.74 $ 2.42
Net income per common share - diluted (dollars per share) $ 0.65   $ 0.72   $ 4.72 $ 2.41
AVERAGE NUMBER OF SHARES OUTSTANDING-BASIC (shares) 345.9   354.3   349.8 354.2
AVERAGE NUMBER OF SHARES OUTSTANDING—DILUTED (shares) 347.4   355.5   351.3 355.3
Electric            
OPERATING REVENUES            
TOTAL OPERATING REVENUES $ 2,303   $ 2,416   $ 4,840 $ 4,666
Gas            
OPERATING REVENUES            
TOTAL OPERATING REVENUES 571   643   2,001 1,893
OPERATING EXPENSES            
Operating costs 99   205   567 649
Steam            
OPERATING REVENUES            
TOTAL OPERATING REVENUES 69   84   375 386
Non-utility            
OPERATING REVENUES            
TOTAL OPERATING REVENUES 1   272   131 530
Purchased power            
OPERATING EXPENSES            
Operating costs 495   633   1,198 1,120
Fuel            
OPERATING EXPENSES            
Operating costs 18   52   207 196
Other operations and maintenance            
OPERATING EXPENSES            
Operating costs $ 849   $ 881   $ 1,744 $ 1,786