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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating activities    
Net income $ 45 $ 47
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 42 39
Deferred income taxes (2) (1)
Allowance for equity funds used during construction 2 2
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable (16) (17)
Accrued unbilled revenues 20 18
Inventories 15 4
Other current assets 13 5
Accounts payable (10) (8)
Net regulatory assets and liabilities 17 4
Other current liabilities 0 15
Pension and other employee benefit obligations (3) (1)
Other, net 1 3
Net cash provided by operating activities 122 108
Investing activities    
Capital/construction expenditures (101) (87)
Net cash used in investing activities (101) (87)
Financing activities    
Repayments of short-term borrowings, net (35) (83)
Borrowings under utility money pool arrangement 0 235
Repayments under utility money pool arrangement 0 (187)
Capital contributions from parent 36 31
Dividends paid to parent (23) (27)
Other, net 0 1
Net cash used in financing activities (22) (30)
Net change in cash, cash equivalents and restricted cash (1) (9)
Cash, cash equivalents and restricted cash at beginning of period 2 11
Cash, cash equivalents and restricted cash at end of period 1 2
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (13) (10)
Cash paid for income taxes, net (4) 0
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 33 17
Inventory transfers to property, plant and equipment 2 1
Allowance for equity funds used during construction $ 2 $ 2