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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues, net $ 428 $ 450 $ 915 $ 923
Operating expenses:        
Purchased power and fuel 126 148 275 309
Generation, transmission and distribution 64 66 130 128
Administrative and other 61 60 122 120
Depreciation and amortization 83 76 165 151
Taxes other than income taxes 30 28 60 58
Total operating expenses 364 378 752 766
Income from operations 64 72 163 157
Interest expense, net 27 28 54 58
Other income:        
Allowance for equity funds used during construction 8 5 15 9
Miscellaneous income (expense), net 1 1 0 2
Other income, net 9 6 15 11
Income before income tax expense 46 50 124 110
Income tax expense 9 15 26 25
Net income and Comprehensive income $ 37 $ 35 $ 98 $ 85
Weighted-average shares outstanding (in thousands):        
Basic 88,902 80,745 88,867 79,515
Diluted 88,902 80,745 88,867 79,515
Earnings per share:        
Basic $ 0.42 $ 0.44 $ 1.10 $ 1.07
Diluted 0.42 0.44 1.10 1.07
Dividends declared per common share $ 0.320 $ 0.300 $ 0.62 $ 0.58