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STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net Income (Loss) Attributable to Parent $ 384 $ 349 $ 318
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation and amortization 373 391 303
Deferred income taxes (133) 17 (47)
Allowance for equity funds used during construction (7) (3) (4)
Provision for bad debts 11 9 6
Changes in operating assets and liabilities:      
Accounts receivable (67) (67) (29)
Increase (Decrease) in Accrued Unbilled Revenues 1 (16) (10)
Inventories (51) (19) (21)
Prepayments and other 39 (50) 16
Accounts payable (37) 22 4
Net regulatory assets and liabilities 307 (5) (154)
Other current liabilities 5 52 (1)
Pension and other employee benefit obligations 3 1 (18)
Other, net (18) (5) (4)
Net cash provided by operating activities 810 676 359
Investing activities      
Utility capital/construction expenditures (714) (578) (580)
Investments in utility money pool arrangement 0 (176) (83)
Receipts from utility money pool arrangement 0 176 83
Net cash used in investing activities (714) (578) (580)
Financing activities      
Proceeds from (repayments of) short-term borrowings, net 41 (103) (113)
Proceeds from issuance of long-term debt 98 196 247
Borrowings under utility money pool arrangement 371 336 539
Repayments under utility money pool arrangement (344) (427) (448)
Capital contributions from parent 48 220 301
Dividends paid to parent (309) (319) (310)
Net cash provided by financing activities (95) (97) 216
Net change in cash and cash equivalents 1 1 (5)
Cash and cash equivalents at beginning of period 2 1 6
Cash and cash equivalents at end of period 3 2 1
Supplemental disclosure of cash flow information:      
Cash paid for interest (net of amounts capitalized) (127) (137) (108)
Cash paid for income taxes, net (80) 81 21
Supplemental disclosure of non-cash investing transactions:      
Accrued property, plant and equipment additions 56 86 37
Inventory transfers to plant, property and equipment 43 10 6
Allowance for Funds Used During Construction, Investing Activities $ 7 $ 3 $ 4