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Consolidated Statements of Operations - SPPC - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Total operating revenue $ 25,602 $ 26,337 $ 25,150
Cost of fuel and energy 7,057 6,757 5,504
Total operating expenses 22,822 21,096 19,823
Operating income 2,780 5,241 5,327
Interest expense (2,415) (2,216) (2,118)
Allowance for equity funds 267 167 126
Interest and dividend income 412 154 89
Other, net 116 (7) (17)
Total other income (expense) (819) (3,828) (33)
Income before income tax expense (benefit) and equity income (loss) 1,961 1,413 5,294
Income tax expense (benefit) (1,699) (1,916) (1,132)
Net income attributable to parent 3,020 2,721 5,790
SPPC      
Total operating revenue 1,431 1,193 965
Operations and maintenance 204 189 163
Depreciation and amortization 185 149 143
Property and other taxes 25 24 24
Total operating expenses 1,279 1,028 798
Operating income 152 165 167
Interest expense (66) (58) (54)
Allowance for borrowed funds 7 3 2
Allowance for equity funds 14 7 7
Interest and dividend income 22 18 9
Other, net 4 2 11
Total other income (expense) (19) (28) (25)
Income before income tax expense (benefit) and equity income (loss) 133 137 142
Income tax expense (benefit) 16 19 18
Net income attributable to parent 117 118 124
SPPC | Regulated electric      
Total operating revenue 1,194 1,025 848
Cost of fuel and energy 689 555 407
SPPC | Regulated natural gas      
Total operating revenue 237 168 117
Cost of fuel and energy $ 176 $ 111 $ 61