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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues        
Electric, non-affiliates $ 191 $ 178 $ 394 $ 356
Electric, affiliates 52 46 99 92
Natural gas 35 31 113 88
Total operating revenues 278 255 606 536
Operating expenses        
Electric fuel and purchased power, non-affiliates 4 5 8 10
Purchased power, affiliates 120 106 228 206
Cost of natural sold and transported 20 20 65 51
O&M expenses 54 50 107 99
Conservation program expenses 3 3 6 6
Depreciation and amortization 40 36 78 73
Taxes (other than income taxes) 7 8 15 15
Total operating expenses 248 228 507 460
Operating income 30 27 99 76
Other expense, net (1) 0 (1) 0
Allowance for funds used during construction — equity 1 1 3 2
Interest charges and financing costs        
Interest charges, includes other financing costs of $1, $—, $1 and $—, respectively 11 12 22 21
Allowance for funds used during construction — debt 0 (1) (1) (1)
Total interest charges and financing costs 11 11 21 20
Income before income taxes 19 17 80 58
Income tax expense 4 3 18 12
Net income $ 15 $ 14 $ 62 $ 46