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Statements of Operations (Unaudited) - MEC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenue:        
Total operating revenue $ 6,612 $ 6,064 $ 12,642 $ 12,145
Operating expenses:        
Cost of sales 1,525 1,110 2,985 2,679
Total operating expenses 5,405 4,856 10,199 9,604
Operating income 1,207 1,208 2,443 2,541
Other income (expense):        
Interest expense (550) (532) (1,082) (1,062)
Allowance for equity funds 42 30 80 56
Other, net (26) 48 (21) 56
Total other income (expense) 2,042 1,552 336 (27)
Income (loss) before income tax expense (benefit) and equity income (loss) 3,249 2,760 2,779 2,514
Income tax expense (benefit) 149 327 (358) (208)
Net income (loss) attributable to parent 2,897 2,281 2,768 2,285
MEC        
Operating revenue:        
Total operating revenue 897 693 1,902 1,760
Operating expenses:        
Operations and maintenance 200 184 392 377
Depreciation and amortization 277 209 527 416
Property and other taxes 36 37 76 73
Total operating expenses 807 590 1,712 1,609
Operating income 90 103 190 151
Other income (expense):        
Interest expense (78) (74) (156) (148)
Allowance for borrowed funds 5 2 9 4
Allowance for equity funds 14 8 29 14
Other, net (12) 15 (15) 26
Total other income (expense) (71) (49) (133) (104)
Income (loss) before income tax expense (benefit) and equity income (loss) 19 54 57 47
Income tax expense (benefit) (188) (159) (394) (313)
Net income (loss) attributable to parent 207 213 451 360
Regulated electric | MEC        
Operating revenue:        
Total operating revenue 725 586 1,333 1,131
Operating expenses:        
Cost of sales 174 103 299 254
Regulated natural gas and other | MEC        
Operating revenue:        
Total operating revenue 172 107 569 629
Operating expenses:        
Cost of sales $ 120 $ 57 $ 418 $ 489