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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating revenues        
Operating revenues $ 677 $ 741 $ 1,681 $ 1,876
Operating expenses        
Electric fuel and purchased power 271 362 727 881
Operating and maintenance expenses 73 79 222 238
Demand side management expenses 6 7 16 18
Depreciation and amortization 90 89 273 299
Taxes (other than income taxes) 25 26 74 84
Total operating expenses 465 563 1,312 1,520
Operating income 212 178 369 356
Other expense, net (1) (3) 0 (2)
Allowance for funds used during construction — equity 2 1 5 2
Interest charges and financing costs        
Interest charges and other financing costs 36 33 107 108
Allowance for funds used during construction — debt (2) 0 (5) (1)
Total interest charges and financing costs 34 33 102 107
Income before income taxes 179 143 272 249
Income tax expense (benefit) 12 5 (30) (34)
Net income $ 167 $ 138 $ 302 $ 283