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Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues, net $ 2,636 $ 2,425 $ 2,151
Alternative revenue programs, net of amortization 11 (29) (6)
Total Revenues 2,647 2,396 2,145
Operating expenses:      
Purchased power and fuel 988 822 708
Generation, transmission and distribution 348 310 293
Administrative and other 340 336 283
Depreciation and amortization 417 404 454
Taxes other than income taxes 157 146 138
Total operating expenses 2,250 2,018 1,876
Income from operations 397 378 269
Interest expense, net 156 137 136
Other income:      
Allowance for equity funds used during construction 14 17 16
Miscellaneous income, net 17 9 6
Other income, net 31 26 22
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 272 267 155
Income tax expense 39 23 0
Net income $ 233 $ 244 $ 155
Weighted-average shares outstanding (in thousands):      
Basic 89,290 89,481 89,485
Diluted 89,643 89,627 89,645
Earnings per share:      
Basic $ 2.61 $ 2.72 $ 1.73
Diluted $ 2.60 $ 2.72 $ 1.72