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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Operating activities    
Net income $ 71 $ 62
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 84 78
Deferred income taxes (6) (1)
Allowance for equity funds used during construction 4 3
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable 1 5
Accrued unbilled revenues 24 18
Inventories 10 (4)
Other current assets 9 (8)
Accounts payable (17) 2
Net regulatory assets and liabilities 38 4
Other current liabilities (2) 6
Pension and other employee benefit obligations (2) (1)
Other, net 4 (2)
Net cash provided by operating activities 212 158
Investing activities    
Capital/construction expenditures (209) (155)
Net cash used in investing activities (209) (155)
Financing activities    
Repayments of short-term borrowings, net (47) (83)
Borrowings under utility money pool arrangement 73 471
Repayments under utility money pool arrangement (73) (404)
Proceeds from long-term debt 124 0
Capital contributions from parent 46 51
Dividends paid to parent (47) (48)
Net cash provided by (used in) financing activities 76 (13)
Net change in cash, cash equivalents and restricted cash 79 (10)
Cash, cash equivalents and restricted cash at beginning of period 2 11
Cash, cash equivalents and restricted cash at end of period 81 1
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (22) (20)
Cash paid for income taxes, net (22) (17)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 35 23
Inventory transfers to property, plant and equipment 5 2
Allowance for equity funds used during construction $ 4 $ 3