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Statements of Operations (Unaudited) - MEC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenue:    
Total operating revenue $ 6,346 $ 6,030
Operating expenses:    
Cost of sales 1,955 1,460
Total operating expenses 5,679 4,794
Operating income 667 1,236
Other income (expense):    
Interest expense (586) (532)
Allowance for equity funds 49 38
Other, net 40 5
Total other income (expense) 312 (1,706)
Income (loss) before income tax expense (benefit) and equity income (loss) 979 (470)
Income tax expense (benefit) (162) (507)
Net income (loss) attributable to parent 989 (129)
MEC    
Operating revenue:    
Total operating revenue 920 1,005
Operating expenses:    
Operations and maintenance 205 192
Depreciation and amortization 234 250
Property and other taxes 42 40
Total operating expenses 832 905
Operating income 88 100
Other income (expense):    
Interest expense (80) (78)
Allowance for borrowed funds 4 4
Allowance for equity funds 11 15
Other, net 16 (3)
Total other income (expense) (49) (62)
Income (loss) before income tax expense (benefit) and equity income (loss) 39 38
Income tax expense (benefit) (203) (206)
Net income (loss) attributable to parent 242 244
Regulated electric | MEC    
Operating revenue:    
Total operating revenue 591 608
Operating expenses:    
Cost of sales 115 125
Regulated natural gas and other | MEC    
Operating revenue:    
Total operating revenue 329 397
Operating expenses:    
Cost of sales $ 236 $ 298