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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, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues, net $ 449 $ 449 $ 944 $ 979
Alternative revenue programs, net of amortization 0 0 (2) 0
Total revenues 449 449 942 979
Operating expenses:        
Purchased power and fuel 104 118 234 259
Generation, transmission and distribution 71 81 140 162
Administrative and other 70 64 139 131
Depreciation and amortization 93 86 185 170
Taxes other than income taxes 31 31 64 64
Total operating expenses 369 380 762 786
Income from operations 80 69 180 193
Interest expense, net 31 30 62 60
Other income:        
Allowance for equity funds used during construction 2 3 6 5
Miscellaneous income (expense), net 1 0 0 0
Other income, net 3 3 6 5
Income before income tax expense 52 42 124 138
Income tax expense 6 10 14 33
Net income 46 32 110 105
Other comprehensive income 0 1 0 0
Comprehensive income $ 46 $ 33 $ 110 $ 105
Weighted-average shares outstanding-basic and diluted (in thousands) 89,215 89,063 89,188 89,033
Earnings per share-basic and diluted $ 0.51 $ 0.36 $ 1.23 $ 1.18
Dividends declared per common share $ 0.3625 $ 0.3400 $ 0.7025 $ 0.6600