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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues        
Operating revenues $ 496 $ 658 $ 1,004 $ 1,135
Operating expenses        
Electric fuel and purchased power 211 282 456 519
Operating and maintenance expenses 69 87 149 159
Demand side management expenses 4 6 10 11
Depreciation and amortization 92 132 183 210
Taxes (other than income taxes) 24 33 49 58
Total operating expenses 400 540 847 957
Operating income 96 118 157 178
Other income, net 1 1 1 1
Allowance for funds used during construction — equity 2 1 3 1
Interest charges and financing costs        
Interest charges and other financing costs 37 46 71 75
Allowance for funds used during construction — debt (2) (1) (3) (1)
Total interest charges and financing costs 35 45 68 74
Income before income taxes 64 75 93 106
Income tax benefit (17) (18) (42) (39)
Net income $ 81 $ 93 $ 135 $ 145