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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, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue, net $ 469 $ 462 $ 1,033 $ 1,032
Alternative revenue programs, net of amortization 0 (2) 9 1
Total revenues 469 460 1,042 1,033
Operating expenses:        
Purchased power and fuel 109 105 262 284
Generation, transmission and distribution 77 86 150 163
Administrative and other 74 78 145 149
Depreciation and amortization 104 101 212 202
Taxes other than income taxes 34 33 69 67
Total operating expenses 398 403 838 865
Income from operations 71 57 204 168
Interest expense, net 34 31 67 63
Other income:        
Allowance for equity funds used during construction 4 2 7 5
Miscellaneous income (loss), net 3 0 (1) 2
Other income, net 7 2 6 7
Income before income tax expense 44 28 143 112
Income tax expense 5 3 23 14
Net income 39 25 120 98
Other comprehensive Income 0 1 1 2
Comprehensive Income $ 39 $ 26 $ 121 $ 100
Weighted-average common shares outstanding (in thousands):        
Basic 89,489 89,357 89,459 89,333
Diluted 89,625 89,561 89,602 89,537
Earnings per share:        
Basic $ 0.44 $ 0.28 $ 1.34 $ 1.10
Diluted $ 0.43 $ 0.28 $ 1.34 $ 1.09