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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 102 $ 82
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 118 110
Deferred income taxes 0 10
Allowance for equity funds used during construction 5 4
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable (1) 11
Accrued unbilled revenues 19 8
Inventories (21) (9)
Other current assets (2) 5
Accounts payable 2 (2)
Net regulatory assets and liabilities 5 (50)
Other current liabilities 6 (6)
Pension and other employee benefit obligations (3) (7)
Other, net (3) 2
Net cash provided by operating activities 219 152
Investing activities    
Capital/construction expenditures (244) (182)
Investments in utility money pool arrangement (36) (71)
Repayments from utility money pool arrangement 0 71
Net cash used in investing activities (280) (182)
Financing activities    
(Repayments of) proceeds from short-term borrowings, net (83) (19)
Borrowings under utility money pool arrangement 575 236
Repayments under utility money pool arrangement (575) (236)
Proceeds from long-term debt 99 99
Capital contributions from parent 111 42
Dividends paid to parent (67) (82)
Net cash provided by financing activities 60 40
Net change in cash, cash equivalents and restricted cash (1) 10
Cash, cash equivalents and restricted cash at beginning of period 11 2
Cash, cash equivalents and restricted cash at end of period 10 12
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (30) (29)
Cash paid for income taxes, net (26) (17)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 30 23
Inventory transfers to property, plant and equipment 2 2
Allowance for equity funds used during construction $ 5 $ 4