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Consolidated Statements of Operations - SPPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total operating revenue $ 25,150 $ 20,952 $ 19,844
Cost of fuel and energy 5,504 4,187 4,586
Total operating expenses 19,823 16,661 15,694
Operating income 5,327 4,291 4,150
Interest expense (2,118) (2,021) (1,912)
Allowance for equity funds 126 165 173
Interest and dividend income 89 71 117
Other, net (17) 88 97
Total other income (expense) (33) 3,180 (1,736)
Income (loss) before income tax expense (benefit) and equity income (loss) 5,294 7,471 2,414
Income tax (benefit) expense (1,132) 308 (598)
Net income (loss) attributable to parent 5,790 6,943 2,950
SPPC      
Total operating revenue 965 854 889
Operations and maintenance 163 162 172
Depreciation and amortization 143 141 125
Property and other taxes 24 23 22
Total operating expenses 798 689 718
Operating income 167 165 171
Interest expense (54) (56) (48)
Allowance for borrowed funds 2 2 1
Allowance for equity funds 7 4 3
Interest and dividend income 9 4 3
Other, net 11 7 1
Total other income (expense) (25) (39) (40)
Income (loss) before income tax expense (benefit) and equity income (loss) 142 126 131
Income tax (benefit) expense 18 15 28
Net income (loss) attributable to parent 124 111 103
SPPC | Regulated electric      
Total operating revenue 848 738 770
Cost of fuel and energy 407 301 337
SPPC | Regulated natural gas      
Total operating revenue 117 116 119
Cost of fuel and energy $ 61 $ 62 $ 62