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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions
Dec. 31, 2023
Dec. 31, 2022
Current assets    
Cash, cash equivalents and restricted cash at end of period $ 13 $ 10
Accrued unbilled revenues 361 519
Inventories 258 319
Regulatory assets 304 411
Derivative instruments 11 65
Prepayments and other 95 103
Total current assets 1,562 2,000
Property, plant and equipment, net 21,035 19,652
Other assets    
Regulatory assets 1,267 1,277
Derivative instruments 15 22
Operating lease right-of-use assets 366 437
Other 383 231
Total other assets 2,031 1,967
Total assets 24,628 23,619
Current liabilities    
Current portion of long-term debt 0 250
Borrowings under utility money pool arrangement 51 0
Short-term debt 320 294
Regulatory liabilities 70 59
Taxes accrued 261 242
Accrued interest 68 59
Dividends payable to parent 72 120
Derivative instruments 17 30
Operating lease liabilities 102 80
Other 177 115
Total current liabilities 1,925 2,088
Deferred credits and other liabilities    
Deferred income taxes 1,894 1,983
Regulatory liabilities 2,562 2,489
Asset retirement obligations 383 476
Derivative instruments 0 9
Customer advances 124 144
Pension and employee benefit obligations 40 13
Operating lease liabilities 290 379
Other 218 198
Total deferred credits and other liabilities 5,511 5,691
Commitments and contingencies
Capitalization    
Long-term debt 7,450 6,610
Common stock — 100 shares authorized of $0.01 par value; 100 shares outstanding at Dec. 31, 2023 and Dec. 31, 2022, 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 $ 7,412 $ 6,992
Retained earnings 2,350 2,260
Accumulated other comprehensive loss (20) (22)
Total common stockholder's equity 9,742 9,230
Total liabilities and stockholder's equity 24,628 23,619
Affiliated Entity    
Current assets    
Accounts receivable, net 28 11
Current liabilities    
Accounts payable 83 75
Related Party    
Current assets    
Accounts receivable, net 492 562
Current liabilities    
Accounts payable $ 704 $ 764