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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, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue, net $ 742 $ 654 $ 1,955 $ 1,811
Alternative revenue programs, net of amortization 1 (12) 5 (23)
Total revenues 743 642 1,960 1,788
Operating expenses:        
Purchased power and fuel 337 259 707 613
Generation, transmission and distribution 83 80 258 236
Administrative and other 84 82 257 247
Depreciation and amortization 108 101 310 305
Taxes other than income taxes 39 37 118 110
Total operating expenses 651 559 1,650 1,511
Income from operations 92 83 310 277
Interest expense, net 39 33 115 100
Other income:        
Allowance for equity funds used during construction 4 4 10 13
Miscellaneous income (loss), net 13 1 13 6
Other income, net 17 5 23 19
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 70 55 218 196
Income tax expense 12 5 36 18
Net income 58 50 182 178
Other comprehensive Income 0 1 1 1
Comprehensive Income $ 58 $ 51 $ 183 $ 179
Weighted-average common shares outstanding (in thousands):        
Basic 89,263 89,407 89,294 89,505
Diluted 89,447 89,566 89,448 89,646
Basic $ 0.65 $ 0.56 $ 2.04 $ 1.99
Diluted $ 0.65 $ 0.56 $ 2.04 $ 1.98