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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenues        
Operating revenues $ 498 $ 423 $ 1,432 $ 818
Operating expenses        
Electric fuel and purchased power 252 199 945 386
Operating and maintenance expenses 71 58 142 128
Demand side management expenses 4 4 8 8
Depreciation and amortization 78 64 156 123
Taxes (other than income taxes) 18 18 39 40
Total operating expenses 423 343 1,290 685
Operating income 75 80 142 133
Other income (expense), net 0 0 1 (2)
Allowance for funds used during construction — equity 1 8 2 14
Interest charges and financing costs        
Interest Expense 29 25 59 50
Allowance for funds used during construction — debt (1) (3) (1) (6)
Total interest charges and financing costs 28 22 58 44
Income before income taxes 48 66 87 101
Income tax benefit (20) (6) (39) (13)
Net income 68 72 126 114
Debt Related Commitment Fees and Debt Issuance Costs $ 1 $ 1 $ 2 $ 2