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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 25  
Cash, cash equivalents and restricted cash at end of period 25 $ 28
Accounts receivable, net 374 342
Accounts receivable from affiliates 13 8
Accrued unbilled revenues 350 298
Inventories 245 189
Regulatory assets 353 121
Derivative instruments 39 21
Prepayments and other 104 82
Total current assets 1,503 1,089
Property, plant and equipment, net 18,444 17,470
Other assets    
Regulatory assets 1,293 1,059
Derivative instruments 27 16
Operating lease right-of-use assets 409 500
Other 246 231
Total other assets 1,975 1,806
Total assets 21,922 20,365
Current liabilities    
Current portion of long-term debt 300 0
Borrowings under utility money pool arrangement 0 57
Short-term debt 147 136
Accounts payable 531 452
Accounts payable to affiliates 69 58
Regulatory liabilities [1] 95 100
Taxes accrued 252 251
Accrued interest 58 61
Dividends payable to parent 104 105
Derivative instruments 30 27
Operating lease liabilities 84 97
Other 109 84
Total current liabilities 1,779 1,428
Deferred credits and other liabilities    
Deferred income taxes 1,960 1,897
Regulatory liabilities [1] 2,397 2,337
Asset retirement obligations 422 399
Derivative instruments 29 51
Customer advances 160 168
Pension and employee benefit obligations 23 161
Operating lease liabilities 351 432
Other 190 176
Total deferred credits and other liabilities 5,532 5,621
Commitments and contingencies
Capitalization    
Long-term debt 6,167 5,724
Common stock — 100 shares authorized of $0.01 par value; 100 shares outstanding at Dec. 31, 2021 and Dec. 31, 2020, respectively $ 0 $ 0
Common Stock, Shares Authorized 100 100
Common Stock, Par or Stated Value Per Share $ 0.01 $ 0.01
Common Stock, Shares, Outstanding 100 100
Additional paid in capital $ 6,426 $ 5,770
Retained earnings 2,040 1,846
Accumulated other comprehensive loss (22) (24)
Total common stockholder's equity 8,444 7,592
Total liabilities and stockholder's equity $ 21,922 $ 20,365
[1] Revenue subject to refund of $2 million for 2021 is included in other current liabilities and none for 2020