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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating revenues    
Operating revenues $ 934 $ 395
Operating expenses    
Electric fuel and purchased power 693 188
Operating and maintenance expenses 71 70
Demand side management expenses 4 4
Depreciation and amortization 78 59
Taxes (other than income taxes) 21 21
Total operating expenses 867 342
Operating income 67 53
Other income (expense), net 1 (2)
Allowance for funds used during construction — equity 1 6
Interest charges and financing costs    
Interest Expense 30 24
Allowance for funds used during construction — debt 0 (3)
Total interest charges and financing costs 30 21
Income before income taxes 39 36
Income tax benefit (19) (7)
Net income $ 58 $ 43