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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Electric, non-affiliates $ 204 $ 203
Electric, affiliates 50 47
Natural gas 77 78
Total operating revenues 331 328
Operating expenses    
Electric fuel and purchased power, non-affiliates 4 4
Purchased power, affiliates 103 108
Cost of natural sold and transported 46 45
Operating and maintenance expenses 58 53
Conservation program expenses 3 3
Depreciation and amortization 41 38
Taxes (other than income taxes) 8 8
Total operating expenses 263 259
Operating income 68 69
Allowance for funds used during construction — equity 2 2
Interest charges and financing costs    
Interest charges 13 11
Allowance for funds used during construction — debt (1) (1)
Total interest charges and financing costs 12 10
Income before income taxes 58 61
Income tax expense 13 14
Net income $ 45 $ 47