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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Operating Activities    
Net income $ 324 $ 406
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of assets and other charges 0 4
Deferred income taxes, net 19 201
Depreciation and amortization 395 378
Amortization of nuclear fuel 23 29
Gains on sale of assets (32) (37)
Other adjustments 8 3
Changes in certain assets and liabilities:    
Receivables 29 (23)
Receivables - affiliated and related party 2 14
Inventories 0 (59)
Prepayments (26) (14)
Regulatory assets 197 (356)
Regulatory liabilities (243) (35)
Accounts payable (95) (5)
Accounts payable - affiliated and related party (36) 56
Taxes accrued (49) (37)
Interest accrued (9) (5)
Pension and other postretirement benefits 0 (4)
Other assets and liabilities 75 (192)
Net cash provided by operating activities 582 324
Investing Activities    
Property additions and construction expenditures (706) (514)
Proceeds from investments and sales of assets (23) (7)
Purchase of investments (4) (1)
Other 4 12
Net cash used in investing activities (729) (510)
Financing Activities    
Dividend to parent (150) (348)
Short-term borrowings, net 38 250
Short-term borrowings - affiliated, net 258 239
Other (2) (3)
Net cash provided by financing activities 144 138
Net decrease in cash, restricted cash and equivalents (3) (48)
Cash, restricted cash and equivalents at beginning of period [1] 11 54
Cash, restricted cash and equivalents at end of period [1] 8 6
Significant noncash investing and financing activities:    
Accrued construction expenditures [2] 65 106
Operating leases [2] $ 2 $ 6
[1] Includes $24 million of restricted cash at December 31, 2021, recorded within other current assets on the Consolidated Balance Sheets. At September 30, 2023, September 30, 2022 and December 31, 2022 there were no restricted cash and equivalent balances.
[2] See Note 10 for noncash investing activities related to the transfer of property associated with the settlement of litigation.