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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues      
Electric $ 3,731 $ 3,795 $ 3,413
Natural gas 1,734 1,860 1,355
Other 54 53 47
Total operating revenues 5,519 5,708 4,815
Operating expenses      
Electric fuel and purchased power 1,364 1,485 1,336
Cost of natural gas sold and transported 910 1,053 606
Cost of sales — steam and other 17 18 15
Operating and maintenance expenses 865 905 831
Demand side management expenses 135 133 132
Depreciation and amortization 924 848 744
Taxes (other than income taxes) 287 272 256
Gain (Loss) Related to Litigation Settlement (35) 0 0
Workforce Reduction Expense 20 0 0
Total operating expenses 4,557 4,714 3,920
Operating income 962 994 895
Other income (expense), net 15 (2) 4
Allowance for funds used during construction — equity 39 32 28
Interest charges and financing costs      
Interest charges — includes other financing costs of $8, $8 and $8, respectively (312) (271) (243)
Allowance for funds used during construction — debt (20) (11) (9)
Total interest charges and financing costs 292 260 234
Income before income taxes 724 764 693
Income tax expense 29 37 33
Net income $ 695 $ 727 $ 660