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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues        
Operating revenues $ 741 $ 575 $ 1,876 $ 2,007
Operating expenses        
Electric fuel and purchased power 362 250 881 1,195
Operating and maintenance expenses 79 66 238 208
Demand side management expenses 7 5 18 13
Depreciation and amortization 89 71 299 227
Taxes (other than income taxes) 26 20 84 59
Total operating expenses 563 412 1,520 1,702
Operating income 178 163 356 305
Other (expense) income, net (3) 0 (2) 1
Allowance for funds used during construction — equity 1 1 2 3
Interest charges and financing costs        
Interest charges — includes other financing costs of $1, $1, $3 and $3, respectively 33 28 108 87
Allowance for funds used during construction — debt 0 0 (1) (1)
Total interest charges and financing costs 33 28 107 86
Income before income taxes 143 136 249 223
Income tax expense (benefit) 5 2 (34) (37)
Net income $ 138 $ 134 $ 283 $ 260