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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating Activities    
Net income $ 55 $ 93
Adjustments to reconcile net income to net cash provided by operating activities:    
Impairment of assets and other charges 60 2
Deferred income taxes, net 13 25
Depreciation and amortization 121 118
Amortization of nuclear fuel 10 14
Other adjustments 4 2
Changes in certain assets and liabilities:    
Receivables 30 17
Receivables - affiliated and related party (2) 4
Inventories 17 (13)
Prepayments 1 4
Pension and other postretirement benefits 2 (1)
Regulatory assets (6) (9)
Regulatory liabilities (49) (48)
Accounts payable 39 (20)
Accounts payable - affiliated and related party 21 (8)
Taxes accrued (153) (157)
Interest accrued (8) (6)
Other assets and liabilities 28 3
Net cash provided by operating activities 183 20
Investing Activities    
Property additions and construction expenditures (215) (166)
Proceeds from investments and sales of assets 3 26
Purchase of investments (3) (29)
Proceeds from investments - affiliated 15 6
Investment in affiliate, net (1) (1)
Net cash used in investing activities (201) (164)
Financing Activities    
Dividend to parent (75) 0
Short-term borrowings, net 30 0
Short-term borrowings - affiliated, net 88 151
Other (1) (1)
Net cash provided by financing activities 42 150
Net increase in cash, restricted cash and equivalents 24 6
Cash, restricted cash and equivalents at beginning of period [1] 5 4
Cash, restricted cash and equivalents at end of period [1] 29 10
Significant noncash investing and financing activities:    
Accrued construction expenditures 76 53
Leases [2] $ 0 $ 3
[1] At March 31, 2021, March 31, 2020, December 31, 2020 and December 31, 2019 there were no restricted cash and equivalent balances.
[2] Includes $2 million of financing leases and $1 million of operating leases for the three months ended March 31, 2020.