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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues, net $ 2,151 $ 2,121 $ 1,988
Alternative revenue programs, net of amortization (6) 2 3
Total Revenues 2,145 2,123 1,991
Operating expenses:      
Purchased power and fuel 708 614 571
Generation, transmission and distribution 293 323 292
Administrative and other 283 290 271
Depreciation and amortization 454 409 382
Taxes other than income taxes 138 134 129
Total operating expenses 1,876 1,770 1,645
Income from operations 269 353 346
Interest expense, net 136 128 124
Other income:      
Allowance for equity funds used during construction 16 10 11
Miscellaneous income, net 6 6 (4)
Other income, net 22 16 7
Income before income taxes 155 241 229
Income tax expense 0 27 17
Net income $ 155 $ 214 $ 212
Weighted-average shares outstanding (in thousands):      
Basic 89,485 89,353 89,215
Diluted 89,645 89,559 89,347
Earnings per share:      
Basic $ 1.73 $ 2.39 $ 2.38
Diluted $ 1.72 $ 2.39 $ 2.37