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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 126 $ 114
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 158 124
Deferred income taxes (39) 11
Allowance for equity funds used during construction (2) (14)
Provision for bad debts 3 3
Changes in operating assets and liabilities:    
Accounts receivable (28) (6)
Accrued unbilled revenues 20 4
Inventories (16) (16)
Prepayments and other 21 (4)
Accounts payable 6 4
Net regulatory assets and liabilities (96) (32)
Other current liabilities 1 (8)
Pension and other employee benefit obligations (16) (15)
Other, net (2) 3
Net cash provided by operating activities 96 160
Investing activities    
Utility capital/construction expenditures (334) (520)
Investments in utility money pool arrangement 83 4
Repayments from utility money pool arrangement 83 4
Net cash used in investing activities (334) (520)
Financing activities    
Repayments of short-term borrowings, net (250) 0
Proceeds from issuance of long-term debt, net 247 343
Borrowings under utility money pool arrangement 324 711
Repayments under utility money pool arrangement (261) (711)
Capital contributions from parent 304 436
Dividends paid to parent (130) (129)
Net cash provided by financing activities 234 650
Net change in cash, cash equivalents and restricted cash (4) 290
Cash, cash equivalents and restricted cash at beginning of period 6 16
Cash, cash equivalents and restricted cash at end of period 2 306
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (54) (40)
Cash received for income taxes, net 17 5
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 39 108
Inventory transfers to property, plant and equipment 6 14
Allowance for equity funds used during construction 2 14
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 2 $ 306