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Statements of Operations (Unaudited) - MEC - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenue:        
Total operating revenue $ 6,229 $ 6,612 $ 12,575 $ 12,642
Operating expenses:        
Cost of sales 1,566 1,525 3,521 2,985
Total operating expenses 5,183 5,405 10,862 10,199
Operating income 1,046 1,207 1,713 2,443
Other income (expense):        
Interest expense (599) (550) (1,185) (1,082)
Allowance for equity funds 61 42 110 80
Other, net 78 (26) 118 (21)
Total other income (expense) 3 2,042 315 336
Income (loss) before income tax expense (benefit) and equity income (loss) 1,049 3,249 2,028 2,779
Income tax expense (benefit) (255) 149 (417) (358)
Net income (loss) attributable to parent 1,075 2,897 2,064 2,768
MEC        
Operating revenue:        
Total operating revenue 759 897 1,679 1,902
Operating expenses:        
Operations and maintenance 216 200 421 392
Depreciation and amortization 226 277 460 527
Property and other taxes 40 36 82 76
Total operating expenses 641 807 1,473 1,712
Operating income 118 90 206 190
Other income (expense):        
Interest expense (81) (78) (161) (156)
Allowance for borrowed funds 4 5 8 9
Allowance for equity funds 13 14 24 29
Other, net 15 (12) 31 (15)
Total other income (expense) (49) (71) (98) (133)
Income (loss) before income tax expense (benefit) and equity income (loss) 69 19 108 57
Income tax expense (benefit) (167) (188) (370) (394)
Net income (loss) attributable to parent 236 207 478 451
Regulated electric | MEC        
Operating revenue:        
Total operating revenue 661 725 1,252 1,333
Operating expenses:        
Cost of sales 113 174 228 299
Regulated natural gas and other | MEC        
Operating revenue:        
Total operating revenue 98 172 427 569
Operating expenses:        
Cost of sales $ 46 $ 120 $ 282 $ 418