XML 13 R3.htm IDEA: XBRL DOCUMENT v3.24.2.u1
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 66 $ 71
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 92 84
Deferred income taxes 5 (6)
Allowance for equity funds used during construction 7 4
Provision for bad debts 1 2
Changes in operating assets and liabilities:    
Accounts receivable 1 1
Accrued unbilled revenues 5 24
Inventories (3) 10
Other current assets 0 9
Accounts payable 10 (17)
Net regulatory assets and liabilities 3 38
Other current liabilities 1 (2)
Pension and other employee benefit obligations (8) (2)
Other, net 2 4
Net cash provided by operating activities 168 212
Investing activities    
Capital/construction expenditures (255) (209)
Net cash used in investing activities (255) (209)
Financing activities    
Proceeds from long-term debt 394 124
Repayments of Long-term Debt (200) 0
Repayments of short-term borrowings, net (60) (47)
Borrowings under utility money pool arrangement 170 73
Repayments under utility money pool arrangement (170) (73)
Capital contributions from parent 191 46
Dividends paid to parent (44) (47)
Net cash provided by financing activities 281 76
Net change in cash, cash equivalents and restricted cash 194 79
Cash, cash equivalents and restricted cash at beginning of period 6 2
Cash, cash equivalents and restricted cash at end of period 200 81
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (24) (22)
Cash paid for income taxes, net (18) (22)
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 37 35
Inventory transfers to property, plant and equipment 7 5
Allowance for equity funds used during construction $ 7 $ 4