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STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 52 $ 58
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 79 79
Deferred income taxes (2) (19)
Allowance for equity funds used during construction 0 (1)
Provision for bad debts 2 2
Changes in operating assets and liabilities:    
Accounts receivable (26) (1)
Accrued unbilled revenues 0 (3)
Inventories (6) (17)
Prepayments and other (8) 21
Accounts payable 0 56
Net regulatory assets and liabilities 3 (95)
Other current liabilities (3) (3)
Pension and other employee benefit obligations 1 (15)
Other, net (3) (2)
Net cash provided by operating activities 89 66
Investing activities    
Utility capital/construction expenditures (123) (172)
Investments in utility money pool arrangement 0 83
Repayments from utility money pool arrangement 0 83
Net cash used in investing activities (123) (172)
Financing activities    
Proceeds from (repayments of) short-term borrowings, net 75 (250)
Proceeds from issuance of long-term debt, net 0 247
Borrowings under utility money pool arrangement 202 213
Repayments under utility money pool arrangement (193) (213)
Capital contributions from parent 8 304
Dividends paid to parent (58) (54)
Net cash provided by financing activities 34 247
Net change in cash, cash equivalents and restricted cash 0 141
Cash, cash equivalents and restricted cash at beginning of period 1 6
Cash, cash equivalents and restricted cash at end of period 1 147
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of amounts capitalized) (21) (19)
Cash received for income taxes, net 3 14
Supplemental disclosure of non-cash investing and financing transactions:    
Accrued property, plant and equipment additions 38 54
Inventory transfers to property, plant and equipment 4 7
Allowance for equity funds used during construction 0 1
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $ 1 $ 147