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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues        
Operating revenues $ 575 $ 615 $ 2,007 $ 1,434
Operating expenses        
Electric fuel and purchased power 250 240 1,195 627
Operating and maintenance expenses 66 78 208 207
Demand side management expenses 5 5 13 12
Depreciation and amortization 71 100 227 223
Taxes (other than income taxes) 20 29 59 68
Total operating expenses 412 452 1,702 1,137
Operating income 163 163 305 297
Other income (expense), net 0 0 1 (2)
Allowance for funds used during construction — equity 1 10 3 24
Interest charges and financing costs        
Interest Expense 28 39 87 89
Allowance for funds used during construction — debt 0 (4) (1) (10)
Total interest charges and financing costs 28 35 86 79
Income before income taxes 136 138 223 240
Income tax expense (benefit) 2 11 (37) (2)
Net income $ 134 $ 127 $ 260 $ 242