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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues        
Electric $ 884 $ 827 $ 1,712 $ 1,560
Natural gas 274 338 852 753
Other 11 9 28 22
Total operating revenues 1,169 1,174 2,592 2,335
Operating expenses        
Electric fuel and purchased power 332 328 676 599
Cost of natural gas sold and transported 122 168 451 338
Cost of sales — other 4 3 9 6
O&M expenses 214 205 430 412
Demand side management expenses 31 32 65 64
Depreciation and amortization 215 185 408 368
Taxes (other than income taxes) 70 64 135 130
Total operating expenses 988 985 2,174 1,917
Operating income 181 189 418 418
Other income, net 0 1 0 3
Allowance for funds used during construction — equity 8 7 14 12
Interest charges and financing costs        
Interest charges — includes other financing costs of $2, $2, $4 and $4, respectively 69 62 129 121
Allowance for funds used during construction — debt (3) (2) (5) (3)
Total interest charges and financing costs 66 60 124 118
Income before income taxes 123 137 308 315
Income tax (benefit) expense (9) 3 0 14
Net income $ 132 $ 134 $ 308 $ 301