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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating revenues      
Electric $ 3,413 $ 3,116 $ 3,033
Natural gas 1,355 1,024 1,161
Other 47 43 43
Total operating revenues 4,815 4,183 4,237
Operating expenses      
Electric fuel and purchased power 1,336 1,132 1,083
Cost of natural gas sold and transported 606 374 526
Cost of sales — steam and other 15 13 17
Operating and maintenance expenses 831 811 810
Demand side management expenses 132 141 136
Depreciation and amortization 744 655 602
Taxes (other than income taxes) 256 234 206
Total operating expenses 3,920 3,360 3,380
Operating income 895 823 857
Other income (expense), net 4 (1) 3
Allowance for funds used during construction — equity 28 35 22
Interest charges and financing costs      
Interest charges — includes other financing costs of $8, $7 and $7, respectively (243) (238) (235)
Allowance for funds used during construction — debt (9) (14) (11)
Total interest charges and financing costs 234 224 224
Income before income taxes 693 633 658
Income tax expense 33 45 80
Net income 660 588 578
Other financing costs $ 8 $ 7 $ 7