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Consolidated Income Statement - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
OPERATING REVENUES      
TOTAL OPERATING REVENUES $ 14,663 $ 15,670 $ 13,676
OPERATING EXPENSES      
Depreciation and amortization 2,031 2,056 2,032
Taxes, other than income taxes 3,043 3,005 2,810
TOTAL OPERATING EXPENSES 12,332 13,046 10,850
Gain on sale of the Clean Energy Businesses 865 0 0
OPERATING INCOME 3,196 2,624 2,826
OTHER INCOME (DEDUCTIONS)      
Investment income (loss) 62 20 (420)
Other income 834 402 22
Allowance for equity funds used during construction 26 19 21
Other deductions (92) (115) (161)
TOTAL OTHER INCOME (DEDUCTIONS) 830 326 (538)
INCOME BEFORE INTEREST AND INCOME TAX EXPENSE 4,026 2,950 2,288
INTEREST EXPENSE (INCOME)      
Interest on long-term debt 962 987 930
Other interest expense (income) 113 (99) (14)
Allowance for borrowed funds used during construction (52) (36) (11)
NET INTEREST EXPENSE 1,023 852 905
INCOME BEFORE INCOME TAX EXPENSE 3,003 2,098 1,383
INCOME TAX EXPENSE 487 498 190
NET INCOME 2,516 1,600 1,193
Loss attributable to non-controlling interest (3) (60) (153)
NET INCOME FOR COMMON STOCK $ 2,519 $ 1,660 $ 1,346
Net income per common share — basic (in dollars per share) $ 7.25 $ 4.68 $ 3.86
Net income per common share — diluted (in dollars per share) $ 7.21 $ 4.66 $ 3.85
AVERAGE NUMBER OF SHARES OUTSTANDING — BASIC (in shares) 347.7 354.5 348.4
AVERAGE NUMBER OF SHARES OUTSTANDING — DILUTED (in shares) 349.3 355.8 349.4
Electric      
OPERATING REVENUES      
TOTAL OPERATING REVENUES $ 10,835 $ 10,522 $ 9,485
Gas      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 3,127 3,237 2,638
OPERATING EXPENSES      
Operating costs 829 1,245 690
Steam      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 569 593 532
Non-utility      
OPERATING REVENUES      
TOTAL OPERATING REVENUES 132 1,318 1,021
Purchased power      
OPERATING EXPENSES      
Operating costs 2,541 2,479 1,835
Fuel      
OPERATING EXPENSES      
Operating costs 282 356 229
Other operations and maintenance      
OPERATING EXPENSES      
Operating costs $ 3,606 $ 3,905 $ 3,254