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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating revenues    
Operating revenues $ 477 $ 934
Operating expenses    
Electric fuel and purchased power 237 693
Operating and maintenance expenses 72 71
Demand side management expenses 5 4
Depreciation and amortization 78 78
Taxes (other than income taxes) 25 21
Total operating expenses 417 867
Operating income 60 67
Other income, net 0 1
Allowance for funds used during construction — equity 0 1
Interest charges and financing costs    
Interest Expense 29 30
Total interest charges and financing costs 29 30
Income before income taxes 31 39
Income tax benefit (21) (19)
Net income $ 52 $ 58