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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues    
Electric $ 923 $ 920
Natural gas 613 811
Other 13 16
Total operating revenues 1,549 1,747
Operating expenses    
Electric fuel and purchased power 341 382
Cost of natural gas sold and transported 319 501
Cost of sales — other 4 5
Operating and maintenance expenses 234 230
Demand side management expenses 40 36
Depreciation and amortization 244 228
Taxes (other than income taxes) 73 73
Total operating expenses 1,255 1,455
Operating income 294 292
Other income, net 9 1
Allowance for funds used during construction — equity 13 7
Interest charges and financing costs    
Interest charges and other financing costs 88 73
Allowance for funds used during construction — debt (6) (4)
Total interest charges and financing costs 82 69
Income before income taxes 234 231
Income tax expense 15 17
Net income $ 219 $ 214