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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues        
Electric $ 827 $ 715 $ 1,560 $ 1,427
Natural gas 338 186 753 518
Other 9 10 22 23
Total operating revenues 1,174 911 2,335 1,968
Operating expenses        
Electric fuel and purchased power 328 258 599 529
Cost of natural gas sold and transported 168 50 338 187
Cost of sales — other 3 3 6 6
Operating and maintenance expenses 205 189 412 394
Demand side management expenses 32 37 64 71
Depreciation and amortization 185 158 368 315
Taxes (other than income taxes) 64 55 130 109
Total operating expenses 985 750 1,917 1,611
Operating income 189 161 418 357
Other income, net 1 2 3 0
Allowance for funds used during construction — equity 7 11 12 20
Interest charges and financing costs        
Interest charges — includes other financing costs of $2, $2, $4 and $4, respectively 62 63 121 123
Allowance for funds used during construction — debt (2) (5) (3) (8)
Total interest charges and financing costs 60 58 118 115
Income before income taxes 137 116 315 262
Income tax expense 3 8 14 25
Net income $ 134 $ 108 $ 301 $ 237