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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues        
Electric, non-affiliates $ 178 $ 158 $ 356 $ 329
Electric, affiliates 46 41 92 82
Natural gas 31 19 88 64
Total operating revenues 255 218 536 475
Operating expenses        
Electric fuel and purchased power, non-affiliates 5 3 10 6
Purchased power, affiliates 106 91 206 186
Cost of natural sold and transported 20 7 51 28
Operating and maintenance expenses 50 45 99 94
Conservation program expenses 3 3 6 6
Depreciation and amortization 36 39 73 77
Taxes (other than income taxes) 8 7 15 14
Total operating expenses 228 195 460 411
Operating income 27 23 76 64
Other expense, net 0 (2) 0 (4)
Allowance for funds used during construction — equity 1 1 2 3
Interest charges and financing costs        
Interest charges 12 10 21 20
Allowance for funds used during construction — debt (1) (1) (1) (1)
Total interest charges and financing costs 11 9 20 19
Income before income taxes 17 13 58 44
Income tax expense (benefit) 3 1 12 (2)
Net income $ 14 $ 12 $ 46 $ 46