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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues        
Electric, non-affiliates $ 185 $ 191 $ 389 $ 394
Electric, affiliates 51 52 101 99
Natural gas 24 35 101 113
Total operating revenues 260 278 591 606
Operating expenses        
Electric fuel and purchased power, non-affiliates 3 4 7 8
Purchased power, affiliates 93 120 196 228
Cost of natural sold and transported 9 20 55 65
Operating and maintenance expenses 57 54 115 107
Conservation program expenses 4 3 7 6
Depreciation and amortization 42 40 83 78
Taxes (other than income taxes) 9 7 17 15
Total operating expenses 217 248 480 507
Operating income 43 30 111 99
Other income (expense), net 1 (1) 1 (1)
Allowance for funds used during construction — equity 2 1 4 3
Interest charges and financing costs        
Interest charges and other financing costs 13 11 26 22
Allowance for funds used during construction — debt (1) 0 (2) (1)
Total interest charges and financing costs 12 11 24 21
Income before income taxes 34 19 92 80
Income tax expense 8 4 21 18
Net income $ 26 $ 15 $ 71 $ 62