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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues        
Electric, non-affiliates $ 213 $ 223 $ 602 $ 617
Electric, affiliates 50 51 151 150
Natural gas 15 20 116 133
Total operating revenues 279 [1] 294 [1] 870 900
Operating expenses        
Electric fuel and purchased power, non-affiliates 3 5 10 13
Purchased power, affiliates 109 115 305 343
Cost of natural sold and transported 6 10 61 75
Operating and maintenance expenses 58 53 173 160
Conservation program expenses 3 4 10 10
Depreciation and amortization 43 39 126 117
Taxes (other than income taxes) 8 8 25 23
Total operating expenses 230 234 710 741
Operating income 49 60 160 159
Other income (expense), net 1 (1) 2 (2)
Allowance for funds used during construction — equity 3 2 7 5
Interest charges and financing costs        
Interest charges and other financing costs 14 11 40 33
Allowance for funds used during construction — debt (1) (1) (3) (2)
Total interest charges and financing costs 13 10 37 31
Income before income taxes 40 51 132 131
Income tax expense 9 11 30 29
Net income $ 31 $ 40 $ 102 $ 102
[1] Total revenues include $50 million and $51 million of affiliate electric revenue for the three months ended Sept. 30, 2023 and 2022, respectively.