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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues        
Electric, non-affiliates $ 203 $ 195 $ 559 $ 524
Electric, affiliates 49 41 141 123
Natural gas 22 15 110 79
Total operating revenues 274 251 810 726
Operating expenses        
Electric fuel and purchased power, non-affiliates 5 3 15 10
Purchased power, affiliates 106 100 312 285
Cost of natural sold and transported 13 6 64 33
Operating and maintenance expenses 47 47 146 141
Conservation program expenses 4 3 10 10
Depreciation and amortization 37 39 110 116
Taxes (other than income taxes) 7 7 22 21
Total operating expenses 219 205 679 616
Operating income 55 46 131 110
Other expense, net (1) (2) (1) (6)
Allowance for funds used during construction — equity 2 2 4 4
Interest charges and financing costs        
Interest charges 10 11 31 30
Allowance for funds used during construction — debt 0 (1) (1) (2)
Total interest charges and financing costs 10 10 30 28
Income before income taxes 46 36 104 80
Income tax expense (benefit) 10 (4) 22 (5)
Net income $ 36 $ 40 $ 82 $ 85