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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating activities    
Net income $ 102 $ 102
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 128 118
Deferred income taxes (17) 0
Allowance for equity funds used during construction 7 5
Provision for bad debts 3 2
Changes in operating assets and liabilities:    
Accounts receivable 1 (1)
Accrued unbilled revenues 23 19
Inventories 4 (21)
Other current assets 28 (2)
Accounts payable 12 2
Net regulatory assets and liabilities 61 5
Other current liabilities 3 6
Pension and other employee benefit obligations (2) (3)
Other, net 4 (3)
Net cash provided by operating activities 343 219
Investing activities    
Capital/construction expenditures (343) (244)
Investments in utility money pool arrangement (88) (36)
Repayments from utility money pool arrangement 88 0
Net cash used in investing activities (343) (280)
Financing activities    
Repayments of short-term borrowings, net (47) (83)
Borrowings under utility money pool arrangement 73 575
Repayments under utility money pool arrangement (73) (575)
Proceeds from long-term debt 124 99
Capital contributions from parent 57 111
Dividends paid to parent (72) (67)
Net cash provided by financing activities 62 60
Net change in cash, cash equivalents and restricted cash 62 (1)
Cash, cash equivalents and restricted cash at beginning of period 2 11
Cash, cash equivalents and restricted cash at end of period 64 10
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (34) (30)
Cash paid for income taxes, net (30) (26)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 31 30
Inventory transfers to property, plant and equipment 5 2
Allowance for equity funds used during construction $ 7 $ 5