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STATEMENTS OF INCOME (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating revenues    
Operating revenues $ 428 $ 508
Operating expenses    
Electric fuel and purchased power 160 245
Operating and maintenance expenses 72 80
Demand side management expenses 6 6
Depreciation and amortization 99 91
Taxes (other than income taxes) 21 25
Total operating expenses 358 447
Operating income 70 61
Other expense, net 1 0
Allowance for funds used during construction — equity 2 1
Interest charges and financing costs    
Interest charges and other financing costs 37 34
Allowance for funds used during construction — debt (2) (1)
Total interest charges and financing costs 35 33
Income before income taxes 38 29
Income tax benefit (19) (25)
Net income $ 57 $ 54