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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues    
Electric, non-affiliates $ 203 $ 178
Electric, affiliates 47 46
Natural gas 78 57
Total operating revenues 328 281
Operating expenses    
Electric fuel and purchased power, non-affiliates 4 5
Purchased power, affiliates 108 100
Cost of natural sold and transported 45 31
Operating and maintenance expenses 53 49
Conservation program expenses 3 3
Depreciation and amortization 38 37
Taxes (other than income taxes) 8 7
Total operating expenses 259 232
Operating income 69 49
Allowance for funds used during construction — equity 2 1
Interest charges and financing costs    
Interest charges 11 9
Allowance for funds used during construction — debt (1) 0
Total interest charges and financing costs 10 9
Income before income taxes 61 41
Income tax expense 14 9
Net income $ 47 $ 32