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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues        
Electric, non-affiliates $ 223 $ 203 $ 617 $ 559
Electric, affiliates 51 49 150 141
Natural gas 20 22 133 110
Total operating revenues 294 274 900 [1] 810 [1]
Operating expenses        
Electric fuel and purchased power, non-affiliates 5 5 13 15
Purchased power, affiliates 115 106 343 312
Cost of natural sold and transported 10 13 75 64
O&M expenses 53 47 160 146
Conservation program expenses 4 4 10 10
Depreciation and amortization 39 37 117 110
Taxes (other than income taxes) 8 7 23 22
Total operating expenses 234 219 741 679
Operating income 60 55 159 131
Other expense, net (1) (1) (2) (1)
Allowance for funds used during construction — equity 2 2 5 4
Interest charges and financing costs        
Interest charges, includes other financing costs of $—, $—, $1 and $—, respectively 11 10 33 31
Allowance for funds used during construction — debt (1) 0 (2) (1)
Total interest charges and financing costs 10 10 31 30
Income before income taxes 51 46 131 104
Income tax expense 11 10 29 22
Net income $ 40 $ 36 $ 102 $ 82
[1] Total revenues include $150 million and $141 million of affiliate electric revenue for the nine months ended Sept. 30, 2022 and 2021, respectively