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Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue, net $ 556 $ 538 $ 1,589 $ 1,570
Alternative revenue programs, net of amortization (9) 4 0 5
Total revenues 547 542 1,589 1,575
Operating expenses:        
Purchased power and fuel 292 165 554 449
Generation, transmission and distribution 65 78 215 241
Administrative and other 63 74 208 223
Depreciation and amortization 108 103 320 305
Taxes other than income taxes 35 34 104 101
Total operating expenses 563 454 1,401 1,319
Income from operations (16) 88 188 256
Interest expense, net 35 32 102 95
Other income:        
Allowance for equity funds used during construction 4 2 11 7
Miscellaneous income (loss), net 3 3 2 5
Other income, net 7 5 13 12
Income before income tax expense (44) 61 99 173
Income tax expense (27) 6 (4) 20
Net income (17) 55 103 153
Other comprehensive Income 0 0 1 2
Comprehensive Income $ (17) $ 55 $ 104 $ 155
Weighted-average common shares outstanding (in thousands):        
Basic 89,509 89,372 89,476 89,346
Diluted 89,509 89,594 89,629 89,555
Earnings per share:        
Basic $ (0.19) $ 0.61 $ 1.16 $ 1.71
Diluted $ (0.19) $ 0.61 $ 1.15 $ 1.70