CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 11	$ 2
Accounts receivable, net	71	70
Accrued unbilled revenues	69	53
Other receivables	3	1
Inventories	27	15
Regulatory assets	21	19
Prepaid taxes	25	24
Prepayments and other	7	7
Total current assets	234	191
Property, Plant and Equipment, Net	2,660	2,484
Other assets
Regulatory assets	225	215
Other investments	3	3
Other	1	1
Total other assets	229	219
Total assets	3,123	2,894
Current liabilities
Current portion of long-term debt	0	19
Short-term debt	83	19
Accounts payable	69	41
Accounts payable to affiliates	23	15
Dividends payable to parent	26	19
Regulatory liabilities	4	31
Taxes accrued	10	12
Environmental liabilities	4	4
Accrued interest	10	10
Other	17	15
Total current liabilities	246	185
Deferred credits and other liabilities
Deferred income taxes	325	307
Deferred investment tax credits	5	6
Regulatory liabilities	372	350
Environmental liabilities	14	16
Customer advances	23	20
Pension and employee benefit obligations	16	28
Other	32	27
Total deferred credits and other liabilities	787	754
Commitments and contingencies
Capitalization
Long-term debt	987	887
Common stock — 1,000,000 shares authorized of $100 par value; 933,000 shares outstanding at Dec. 31, 2021 and Dec. 31, 2020, respectively	93	93
Additional paid in capital	642	605
Retained earnings	368	370
Total common stockholder's equity	1,103	1,068
Total liabilities and equity	$ 3,123	$ 2,894