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Statements of Operations (Unaudited) - MEC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Operating revenue:        
Total operating revenue $ 6,064 $ 4,612 $ 12,145 $ 9,139
Operating expenses:        
Cost of sales 1,110 888 2,679 1,926
Total operating expenses 4,856 3,676 9,604 7,284
Operating income 1,208 936 2,541 1,855
Other income (expense):        
Interest expense (532) (503) (1,062) (986)
Allowance for equity funds 30 38 56 72
Other, net 48 52 56 25
Total other income (expense) 1,552 209 (27) (203)
Income (loss) before income tax expense (benefit) and equity income (loss) 2,760 1,145 2,514 1,652
Income tax expense (benefit) 327 (7) (208) (191)
Net income (loss) attributable to parent 2,281 1,116 2,285 1,786
MEC        
Operating revenue:        
Total operating revenue 693 613 1,760 1,294
Operating expenses:        
Operations and maintenance 184 182 377 347
Depreciation and amortization 209 175 416 351
Property and other taxes 37 35 73 69
Total operating expenses 590 505 1,609 1,088
Operating income 103 108 151 206
Other income (expense):        
Interest expense (74) (74) (148) (150)
Allowance for borrowed funds 2 4 4 7
Allowance for equity funds 8 9 14 17
Other, net 15 21 26 16
Total other income (expense) (49) (40) (104) (110)
Income (loss) before income tax expense (benefit) and equity income (loss) 54 68 47 96
Income tax expense (benefit) (159) (141) (313) (264)
Net income (loss) attributable to parent 213 209 360 360
Regulated electric | MEC        
Operating revenue:        
Total operating revenue 586 518 1,131 989
Operating expenses:        
Cost of sales 103 71 254 151
Regulated natural gas and other | MEC        
Operating revenue:        
Total operating revenue 107 95 629 305
Operating expenses:        
Cost of sales $ 57 $ 42 $ 489 $ 170