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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, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenue, net $ 646 $ 588 $ 1,391 $ 1,213
Alternative revenue programs, net of amortization 2 3 5 4
Total revenues 648 591 1,396 1,217
Operating expenses:        
Purchased power and fuel 220 168 524 370
Generation, transmission and distribution 101 85 194 175
Administrative and other 93 84 173 173
Depreciation and amortization 113 103 224 202
Taxes other than income taxes 40 39 83 79
Total operating expenses 567 479 1,198 999
Income from operations 81 112 198 218
Interest expense, net 41 38 85 76
Other income:        
Allowance for equity funds used during construction 4 3 7 6
Miscellaneous income (loss), net 5 0 17 0
Other income, net 9 3 24 6
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest, Total 49 77 137 148
Income tax expense 10 13 24 24
Net income 39 64 113 124
Other comprehensive Income 1 1 1 1
Comprehensive Income $ 40 $ 65 $ 114 $ 125
Weighted-average common shares outstanding (in thousands):        
Basic 97,087 89,225 94,478 89,310
Diluted 97,630 89,371 94,950 89,449
Diluted $ 0.39 $ 0.72 $ 1.19 $ 1.39