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STATEMENTS OF CONSOLIDATED CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash Flows from Operating Activities:      
Net income $ 261 $ 252 $ 269
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 705 768 685
Amortization of deferred financing costs 15 16 16
Deferred income taxes 18 (24) (75)
Changes in other assets and liabilities:      
Accounts and notes receivable, net 3 15 (46)
Accounts receivable/payable–affiliated companies 223 37 (5)
Inventory (7) (21) (11)
Accounts payable 0 (3) 48
Taxes receivable 44 (103) 7
Interest and taxes accrued (9) (40) 37
Net regulatory assets and liabilities 3 (28) (6)
Other current assets (1) (2) (2)
Other current liabilities (40) (19) 16
Other assets (7) 11 (11)
Other liabilities (1) 5 6
Other, net 0 (6) 0
Net cash provided by operating activities 1,207 858 928
Cash Flows from Investing Activities:      
Capital expenditures (929) (804) (753)
Decrease (increase) in notes receivable–affiliated companies 107 (107) 1,183
Decrease (increase) in restricted cash of transition and system restoration bond companies 12 (7) 17
Other, net 1 1 (2)
Net cash provided by (used in) investing activities (809) (917) 445
Cash Flows from Financing Activities:      
Proceeds from long-term debt 0 600 0
Payments of long-term debt (372) (537) (897)
Long-term revolving credit facility 200 0 0
Dividend to parent (252) 0 (766)
Decrease in notes payable–affiliated companies 0 (3) (148)
Cash paid for debt retirements 0 (1) (2)
Debt issuance costs 0 (7) 0
Contribution from parent 0 90 0
Other, net 0 0 1
Net cash provided by (used in) financing activities (424) 142 (1,812)
Net Increase (Decrease) in Cash and Cash Equivalents (26) 83 (439)
Cash and Cash Equivalents at Beginning of the Year 290 207 646
Cash and Cash Equivalents at End of the Year 264 290 207
Cash Payments:      
Interest, net of capitalized interest 213 215 238
Income taxes 81 296 147
Non-cash transactions:      
Accounts payable related to capital expenditures $ 69 $ 64 $ 50