BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 1	$ 1
Accounts receivable, net	137	115
Accounts receivable from affiliates	10	9
Accrued unbilled revenues	125	125
Inventories	53	51
Regulatory assets	130	193
Derivative instruments	30	30
Prepaid taxes	20	3
Prepayments and other	11	21
Total current assets	517	548
Property, plant and equipment, net	7,891	7,838
Other assets
Regulatory assets	447	380
Derivative instruments	10	6
Operating lease right-of-use assets	456	463
Other	28	27
Total other assets	941	876
Total assets	9,349	9,262
Current liabilities
Short-term Debt	212	137
Borrowings Payable Under Utility Money Pool Arrangement	100	91
Accounts payable	172	172
Accounts payable to affiliates	18	16
Regulatory liabilities	52	54
Taxes accrued	33	47
Accrued interest	38	30
Dividends payable to parent	53	58
Derivative instruments	4	4
Operating lease liabilities	30	30
Other	27	24
Total current liabilities	739	663
Deferred credits and other liabilities
Deferred income taxes	703	702
Regulatory liabilities	721	709
Asset retirement obligations	117	116
Derivative instruments	5	6
Pension and employee benefit obligations	8	8
Operating lease liabilities	426	434
Other	7	8
Total deferred credits and other liabilities	1,987	1,983
Capitalization
Long-term debt	3,013	3,013
Common stock — 200 shares authorized of $1.00 par value; 100 shares outstanding at March 31, 2022 and Dec. 31, 2021, respectively	0	0
Additional paid in capital	3,099	3,091
Retained earnings	512	513
Accumulated other comprehensive loss	(1)	(1)
Total common stockholder's equity	3,610	3,603
Total liabilities and equity	$ 9,349	$ 9,262