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STATEMENTS OF INCOME - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Revenues [Abstract]      
Operating revenue $ 2,465 $ 1,870 $ 1,826
Operating expenses      
Electric fuel and purchased power 1,432 835 875
Operating and maintenance expenses 271 275 285
Demand side management program expenses 17 16 17
Depreciation and amortization 300 295 230
Taxes (other than income taxes) 79 90 72
Total operating expenses 2,099 1,511 1,479
Operating income 366 359 347
Other income (expense), net 1 (2) 2
Allowance for funds used during construction — equity 4 33 27
Interest charges and financing costs      
Interest Expense 114 119 99
Allowance for funds used during construction — debt (2) (14) (12)
Total interest charges and financing costs 112 105 87
Income before income taxes 259 285 289
Income taxes (59) (10) 26
Net income $ 318 $ 295 $ 263