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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Electric $ 920 $ 828
Natural gas 811 578
Other 16 17
Total operating revenues 1,747 1,423
Operating expenses    
Electric fuel and purchased power 382 344
Cost of natural gas sold and transported 501 329
Cost of sales — other 5 5
Operating and maintenance expenses 230 216
Demand side management expenses 36 34
Depreciation and amortization 228 193
Taxes (other than income taxes) 73 65
Total operating expenses 1,455 1,186
Operating income 292 237
Other income, net 1 0
Allowance for funds used during construction — equity 7 6
Interest charges and financing costs    
Interest charges — includes other financing costs of $2 73 60
Allowance for funds used during construction — debt (4) (2)
Total interest charges and financing costs 69 58
Income before income taxes 231 185
Income tax expense 17 9
Net income $ 214 $ 176