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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating revenues      
Electric $ 3,116 $ 3,033 $ 3,031
Natural gas 1,024 1,161 1,015
Other 43 43 40
Total operating revenues 4,183 4,237 4,086
Operating expenses      
Electric fuel and purchased power 1,132 1,083 1,157
Cost of natural gas sold and transported 374 526 428
Cost of sales — steam and other 13 17 15
Operating and maintenance expenses 811 810 788
Demand side management expenses 141 136 142
Depreciation and amortization 655 602 561
Taxes (other than income taxes) 234 206 202
Total operating expenses 3,360 3,380 3,293
Operating income 823 857 793
Other (expense) income, net (1) 3 2
Allowance for funds used during construction — equity 35 22 56
Interest charges and financing costs      
Interest charges — includes other financing costs of $7, $7 and $7, respectively (238) (235) (208)
Allowance for funds used during construction — debt (14) (11) (22)
Total interest charges and financing costs 224 224 186
Income before income taxes 633 658 665
Income tax expense 45 80 113
Net income $ 588 $ 578 $ 552