CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 6	$ 2
Accounts receivable, net	89	84
Accrued unbilled revenues	63	74
Other receivables	0	19
Inventories	29	39
Regulatory assets	24	44
Prepaid taxes	28	27
Prepayments and other	6	11
Total current assets	245	300
Property, Plant and Equipment, Net	3,237	2,914
Other assets
Regulatory assets	185	193
Other	3	3
Total other assets	188	196
Total assets	3,670	3,410
Current liabilities
Long-Term Debt and Lease Obligation, Current	200	0
Short-term debt	60	47
Accounts payable	64	92
Accounts payable to affiliates	21	19
Dividends payable to parent	25	23
Regulatory liabilities	42	21
Taxes accrued	16	13
Accrued interest	13	12
Other	23	28
Total current liabilities	464	255
Deferred credits and other liabilities
Deferred income taxes	330	333
Deferred investment tax credits	5	5
Regulatory liabilities	407	383
Customer advances	25	23
Pension and employee benefit obligations	27	23
Other	35	43
Total deferred credits and other liabilities	829	810
Commitments and contingencies
Capitalization
Long-term debt	1,011	1,086
Common stock — 1,000,000 shares authorized of $100 par value; 933,000 shares outstanding at Dec. 31, 2023 and Dec. 31, 2022, respectively	93	93
Additional paid in capital	843	761
Retained earnings	430	405
Total common stockholder's equity	1,366	1,259
Total liabilities and equity	$ 3,670	$ 3,410