XML 70 R21.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations (Unaudited) - SPPC - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Total operating revenue $ 6,346 $ 6,030
Cost of sales 1,955 1,460
Total operating expenses 5,679 4,794
Operating income 667 1,236
Interest expense (586) (532)
Allowance for equity funds 49 38
Interest and dividend income 86 23
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)
SPPC    
Total operating revenue 400 279
Operations and maintenance 56 41
Depreciation and amortization 46 36
Property and other taxes 7 6
Total operating expenses 365 241
Operating income 35 38
Interest expense (16) (13)
Capitalized interest 2 1
Allowance for equity funds 2 2
Interest and dividend income 7 3
Other, net 1 2
Total other income (expense) (4) (5)
Income (loss) before income tax expense (benefit) and equity income (loss) 31 33
Income tax expense (benefit) 4 5
Net income (loss) attributable to parent 27 28
SPPC | Regulated electric    
Total operating revenue 304 227
Cost of sales 181 124
SPPC | Regulated natural gas    
Total operating revenue 96 52
Cost of sales $ 75 $ 34