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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets    
Cash and cash equivalents $ 200 $ 6
Accounts receivable, net 79 89
Accrued unbilled revenues 58 63
Inventories 25 29
Regulatory assets 23 24
Prepaid taxes 29 28
Prepayments and other 6 6
Total current assets 420 245
Property, Plant and Equipment, Net [Abstract]    
Property, plant and equipment, net 3,439 3,237
Other assets    
Regulatory assets 176 185
Other 3 3
Total other assets 179 188
Total assets 4,038 3,670
Current liabilities    
Current portion of long-term debt 0 200
Short-term debt 0 60
Dividends payable to parent 17 25
Regulatory liabilities 42 42
Taxes accrued 13 16
Accrued interest 15 13
Other 23 23
Total current liabilities 209 464
Deferred credits and other liabilities    
Deferred income taxes 341 330
Deferred investment tax credits 5 5
Regulatory liabilities 416 407
Customer advances 27 25
Pension and employee benefit obligations 21 27
Other 35 35
Total deferred credits and other liabilities 845 829
Commitments and contingencies
Capitalization    
Long-term debt 1,405 1,011
Common stock — 1,000,000 shares authorized of $100 par value; 933,000 shares outstanding at June 30, 2024 and Dec. 31, 2023, respectively $ 93 $ 93
Common stock, shares authorized (in shares) 1,000,000 1,000,000
Common stock, par value (in dollars per share) $ 100 $ 100
Common stock, shares outstanding (in shares) 933,000 933,000
Additional paid in capital $ 1,026 $ 843
Retained earnings 460 430
Total common stockholder's equity 1,579 1,366
Total liabilities and equity 4,038 3,670
Related Party    
Current liabilities    
Accounts payable 75 64
Affiliated Entity    
Current liabilities    
Accounts payable $ 24 $ 21