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CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2021
Dec. 31, 2020
Current assets    
Cash, cash equivalents and restricted cash at beginning of period $ 189 $ 28
Accounts receivable, net 379 342
Accounts receivable from affiliates 22 8
Accrued unbilled revenues 232 298
Inventories 158 189
Regulatory assets 142 121
Derivative instruments 23 21
Prepayments and other 85 82
Total current assets 1,230 1,089
Property, plant and equipment, net 17,616 17,470
Other assets    
Regulatory assets 1,774 1,059
Derivative instruments 22 16
Operating lease right-of-use assets 476 500
Other 232 231
Total other assets 2,504 1,806
Total assets 21,350 20,365
Current liabilities    
Borrowings under utility money pool arrangement 0 57
Short-term debt 0 136
Accounts payable 398 452
Accounts payable to affiliates 48 58
Regulatory liabilities 237 100
Taxes accrued 297 251
Accrued interest 34 61
Dividends payable to parent 115 105
Derivative instruments 29 27
Operating lease liabilities 100 97
Other 81 84
Total current liabilities 1,339 1,428
Deferred credits and other liabilities    
Deferred income taxes 1,914 1,897
Regulatory liabilities 2,377 2,337
Asset retirement obligations 403 399
Derivative instruments 50 51
Customer advances 165 168
Pension and employee benefit obligations 114 161
Operating lease liabilities 405 432
Other 175 176
Total deferred credits and other liabilities 5,603 5,621
Commitments and contingencies
Capitalization    
Long-term debt $ 6,463 $ 5,724
Common Stock, Shares Authorized 100 100
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares, Outstanding 100 100
Common stock — 100 shares authorized of $0.01 par value; 100 shares outstanding at March 31, 2021 and Dec. 31, 2020, respectively $ 0 $ 0
Additional paid in capital 6,070 5,770
Retained earnings 1,898 1,846
Accumulated other comprehensive loss (23) (24)
Total common stockholder's equity 7,945 7,592
Total liabilities and stockholder's equity $ 21,350 $ 20,365