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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Operating revenues        
Operating revenues $ 658 $ 498 $ 1,135 $ 1,432
Operating expenses        
Electric fuel and purchased power 282 252 519 945
Operating and maintenance expenses 87 71 159 142
Demand side management expenses 6 4 11 8
Depreciation and amortization 132 78 210 156
Taxes (other than income taxes) 33 18 58 39
Total operating expenses 540 423 957 1,290
Operating income 118 75 178 142
Other income, net 1 0 1 1
Allowance for funds used during construction — equity 1 1 1 2
Interest charges and financing costs        
Interest charges — includes other financing costs of $1, $1, $2 and $2, respectively 46 29 75 59
Allowance for funds used during construction — debt (1) (1) (1) (1)
Total interest charges and financing costs 45 28 74 58
Income before income taxes 75 48 106 87
Income tax benefit (18) (20) (39) (39)
Net income $ 93 $ 68 $ 145 $ 126