7Baggers

Exelon Corporation
(NASDAQ:EXC) 

EXC stock logo

Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and re...

Founded: 2000
Full Time Employees: 32,713
Sector: Utilities
Industry: Utilities-Diversified
UtilitiesNuclear Energy
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Quarterly
Annual
    Unit: USD2026-03-31 2025-12-31 2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-06-30 2021-03-31 2020-03-31 2018-03-31 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-06-30 
                                 
      operating revenues
    		                   8,830,000,000 6,912,000,000 6,024,000,000 7,237,000,000 6,502,000,000 6,082,000,000 6,565,000,000 5,954,000,000 4,686,000,000 4,587,000,000 
      electric operating revenues
    		6,157,000,000 4,783,000,000 6,690,000,000 5,365,000,000 5,816,000,000  5,169,000,000 5,198,000,000 5,684,000,000 4,434,000,000 4,462,000,000  4,557,000,000 3,934,000,000 4,481,000,000               
      natural gas operating revenues
    		1,117,000,000 754,000,000 235,000,000 337,000,000 1,024,000,000  272,000,000 739,000,000 188,000,000 258,000,000 822,000,000  224,000,000 307,000,000 817,000,000               
      revenues from alternative revenue programs
    		-32,000,000 -125,000,000 -220,000,000 -275,000,000 -126,000,000  -80,000,000 106,000,000 108,000,000 126,000,000 279,000,000  64,000,000 -2,000,000 29,000,000 47,000,000 129,000,000 67,000,000 10,000,000           
      total operating revenues
    		7,242,000,000 5,412,000,000 6,705,000,000 5,427,000,000 6,714,000,000  5,361,000,000 6,043,000,000 5,980,000,000 4,818,000,000 5,563,000,000  4,845,000,000 4,239,000,000 5,327,000,000 7,915,000,000 9,890,000,000 8,747,000,000 9,693,000,000           
      yoy
    		7.86%  25.07% -10.19% 12.27%  -3.63%  23.43% 13.66% 4.43%  -51.01% -51.54% -45.04%               
      qoq
    		33.81% -19.28% 23.55% -19.17%   -11.29% 1.05% 24.12% -13.39%   14.30% -20.42% -32.70% -19.97% 13.07% -9.76%            
      operating expenses
    		                             
      purchased power
    		2,382,000,000 1,304,000,000 2,645,000,000 1,811,000,000 2,184,000,000  1,938,000,000 2,197,000,000 2,364,000,000 1,669,000,000 1,733,000,000  1,404,000,000 1,167,000,000 1,581,000,000              1,407,000,000 
      purchased fuel
    		394,000,000 252,000,000 47,000,000 85,000,000 338,000,000  54,000,000 213,000,000 33,000,000 58,000,000 358,000,000  80,000,000 107,000,000 338,000,000               
      operating and maintenance
    		1,466,000,000 1,337,000,000 1,172,000,000 1,321,000,000 1,347,000,000  1,209,000,000 1,271,000,000 1,187,000,000 1,197,000,000 1,151,000,000  1,148,000,000 1,109,000,000 1,178,000,000 2,447,000,000 1,979,000,000 2,204,000,000 2,384,000,000 2,081,000,000 1,982,000,000 2,166,000,000 1,858,000,000 1,735,000,000 1,764,000,000 2,156,000,000 1,829,000,000 1,964,000,000 1,185,000,000 
      depreciation and amortization
    		952,000,000 923,000,000 912,000,000 902,000,000 903,000,000  894,000,000 879,000,000 890,000,000 866,000,000 860,000,000  825,000,000 830,000,000 817,000,000 1,666,000,000 1,697,000,000 1,021,000,000 1,091,000,000 610,000,000 577,000,000 590,000,000 564,000,000 530,000,000 543,000,000 500,000,000 494,000,000 382,000,000 329,000,000 
      taxes other than income taxes
    		443,000,000 413,000,000 429,000,000 383,000,000 405,000,000  360,000,000 371,000,000 383,000,000 324,000,000 355,000,000  377,000,000 330,000,000 354,000,000 432,000,000 438,000,000 437,000,000            
      total operating expenses
    		5,637,000,000 4,229,000,000 5,205,000,000 4,502,000,000 5,177,000,000  4,455,000,000 4,931,000,000 4,857,000,000 4,114,000,000 4,457,000,000  3,834,000,000 3,543,000,000 4,427,000,000 7,561,000,000 10,082,000,000 7,529,000,000 8,648,000,000 7,465,000,000 5,513,000,000 5,456,000,000 7,055,000,000 5,285,000,000 5,565,000,000 5,972,000,000 5,183,000,000 4,305,000,000 3,553,000,000 
      loss on sale of assets
    		                             
      operating income
    		1,605,000,000 1,185,000,000 1,500,000,000 927,000,000 1,536,000,000  913,000,000 1,114,000,000 1,123,000,000 704,000,000 1,106,000,000  1,011,000,000 694,000,000 900,000,000 366,000,000 -121,000,000 1,220,000,000 1,101,000,000 1,366,000,000 1,400,000,000 829,000,000 163,000,000 1,254,000,000 508,000,000 603,000,000 714,000,000 359,000,000 1,034,000,000 
      yoy
    		4.49%  64.29% -16.79% 36.78%  -17.45%  11.08% 1.44% 22.89%  -935.54% -43.11% -18.26% -73.21% -108.64% 47.17% 575.46% 8.93% 175.59% 37.48% -77.17% 249.30% -50.87%     
      qoq
    		35.44% -21.00% 61.81% -39.65%   -18.04% -0.80% 59.52% -36.35%   45.68% -22.89% 145.90% -402.48% -109.92% 10.81% -19.40% -2.43% 68.88% 408.59% -87.00% 146.85% -15.75% -15.55% 98.89% -65.28%  
      operating margin %
    		22.16% 21.90% 22.37% 17.08% 22.88% NaN% 17.03% 18.43% 18.78% 14.61% 19.88% NaN% 20.87% 16.37% 16.90% 4.62% -1.22% 13.95% 11.36% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% 
      other income and
    		                             
      interest expense
    		-548,000,000 -542,000,000 -531,000,000 -524,000,000 -504,000,000  -476,000,000 -462,000,000 -431,000,000 -421,000,000 -406,000,000  -359,000,000 -352,000,000 -332,000,000 -390,000,000 -380,000,000 -404,000,000 -365,000,000 -335,000,000 -247,000,000 -228,000,000 -217,000,000 -228,000,000 -617,000,000 -240,000,000 -250,000,000 -189,000,000 -176,000,000 
      interest expense to affiliates
    		-7,000,000 -7,000,000 -7,000,000 -7,000,000 -6,000,000  -7,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000  -6,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000 -10,000,000 -11,000,000 -10,000,000 -10,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000 -6,000,000 
      other
    		69,000,000 85,000,000 68,000,000 65,000,000 52,000,000  64,000,000 75,000,000 81,000,000 139,000,000 109,000,000 300,000,000 122,000,000 175,000,000 137,000,000 581,000,000 225,000,000 -725,000,000 -28,000,000 80,000,000 354,000,000 243,000,000 103,000,000 155,000,000 172,000,000 101,000,000 -43,000,000 194,000,000 100,000,000 
      total other income and
    		-486,000,000 -464,000,000 -470,000,000 -466,000,000 -458,000,000  -419,000,000 -393,000,000 -356,000,000 -288,000,000 -303,000,000  -243,000,000 -183,000,000  185,000,000 -161,000,000 -1,135,000,000 -399,000,000 -265,000,000 96,000,000 5,000,000 -124,000,000 -79,000,000 -451,000,000 -145,000,000 -299,000,000   
      income before income taxes
    		1,119,000,000 721,000,000 1,030,000,000 461,000,000 1,078,000,000  494,000,000 721,000,000        551,000,000 -282,000,000 85,000,000 702,000,000 1,101,000,000 1,496,000,000 834,000,000 39,000,000 1,175,000,000 57,000,000 458,000,000 415,000,000 358,000,000 952,000,000 
      income taxes
    		200,000,000 127,000,000 155,000,000 70,000,000 170,000,000  46,000,000 63,000,000 67,000,000 73,000,000 134,000,000  92,000,000 46,000,000 218,000,000 74,000,000 -19,000,000 -294,000,000 59,000,000 363,000,000 422,000,000 277,000,000  439,000,000 56,000,000 161,000,000 126,000,000 158,000,000 332,000,000 
      net income attributable to common shareholders
    		919,000,000 594,000,000 875,000,000 391,000,000 908,000,000  448,000,000 658,000,000 700,000,000 343,000,000 669,000,000  676,000,000 465,000,000 597,000,000 401,000,000 -289,000,000 582,000,000 585,000,000 693,000,000 993,000,000 522,000,000 90,000,000 738,000,000      
      comprehensive income, net of income taxes
    		                             
      net income
    		919,000,000 594,000,000 875,000,000 391,000,000 908,000,000  448,000,000 658,000,000 700,000,000 343,000,000 669,000,000  676,000,000 465,000,000 598,000,000 476,000,000 -264,000,000 376,000,000 636,000,000 738,000,000 1,074,000,000 557,000,000 93,000,000 736,000,000 1,000,000 297,000,000 289,000,000 200,000,000 620,000,000 
      yoy
    		1.21%  95.31% -40.58% 29.71%  -33.03%  3.55% -26.24% 11.87%  -356.06% 23.67% -5.97% -35.50% -124.58% -32.50% 583.87% 0.27% 107300.00% 87.54% -67.82% 268.00% -99.84%     
      qoq
    		54.71% -32.11% 123.79% -56.94%   -31.91% -6.00% 104.08% -48.73%   45.38% -22.24% 25.63% -280.30% -170.21% -40.88% -13.82% -31.28% 92.82% 498.92% -87.36% 73500.00% -99.66% 2.77% 44.50% -67.74%  
      net income margin %
    		12.69% 10.98% 13.05% 7.20% 13.52% NaN% 8.36% 10.89% 11.71% 7.12% 12.03% NaN% 13.95% 10.97% 11.23% 6.01% -2.67% 4.30% 6.56% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% Infinity% 
      other comprehensive income, net of income taxes
    		                             
      pension and non-pension postretirement benefit plans:
    		                             
      actuarial losses reclassified to periodic benefit cost
    		7,000,000 6,000,000 5,000,000 5,000,000 5,000,000  5,000,000 5,000,000 16,000,000                     
      pension and non-pension postretirement benefit plans valuation adjustments
    		4,000,000 -57,000,000  1,000,000 5,000,000  -2,000,000 -24,000,000 -3,000,000                     
      unrealized (loss) on cash flow hedges
    		-5,000,000                    -19,000,000         
      other comprehensive income
    		6,000,000 -47,000,000 3,000,000  2,000,000   14,000,000 34,000,000 9,000,000 -1,000,000  9,000,000 12,000,000 14,000,000 57,000,000 54,000,000 21,000,000 72,000,000 11,000,000 -11,000,000 131,000,000 4,000,000 12,000,000 94,000,000 -92,000,000 -114,000,000 251,000,000 -111,000,000 
      comprehensive income attributable to common shareholders
    		925,000,000 547,000,000 878,000,000 391,000,000 910,000,000  448,000,000 672,000,000 734,000,000 352,000,000 668,000,000  685,000,000 477,000,000 611,000,000 458,000,000 -235,000,000 603,000,000 656,000,000    97,000,000       
      average shares of common stock outstanding:
    		                             
      basic
    		1,024,000,000 1,000,000 1,011,000,000 1,010,000,000 1,008,000,000  1,001,000,000 1,000,000,000 996,000,000 995,000,000 995,000,000  988,000,000 981,000,000 981,000,000 978,000,000 977,000,000 975,000,000 966,000,000 862,000,000 861,000,000 860,000,000  857,000,000  854,000,000 853,000,000  663,000,000 
      assumed exercise and/or distributions of stock-based awards
    		2,000,000  2,000,000 2,000,000 1,000,000   1,000,000 1,000,000 1,000,000 1,000,000  1,000,000 1,000,000  1,000,000  1,000,000            
      diluted
    		1,026,000,000 1,000,000 1,013,000,000 1,012,000,000 1,009,000,000  1,001,000,000 1,001,000,000 997,000,000 996,000,000 996,000,000  989,000,000 982,000,000 981,000,000 979,000,000 977,000,000 976,000,000            
      earnings per average common share
    		                             
      basic
    		900,000 590,000 870,000 390,000 900,000  450,000 660,000 700,000 340,000 670,000  680,000 470,000 490,000 410,000  600,000 610,000 800,000 1,150,000 610,000  860,000  350,000 340,000  930,000 
      diluted
    		900,000 580,000 860,000 390,000 900,000  450,000 660,000 700,000 340,000 670,000  680,000 470,000 490,000 410,000  600,000 600,000 800,000 1,150,000 600,000  860,000  350,000 330,000  930,000 
      gain on sale of assets
    		 2,000,000  2,000,000 -1,000,000  7,000,000                       
      unrealized gain on cash flow hedges
    		 4,000,000 -2,000,000 -6,000,000 -8,000,000  -3,000,000   9,000,000 6,000,000        8,000,000 6,000,000          
      gain on sale of assets and businesses
    		       2,000,000                      
      unrealized gains on cash flow hedges
    		       33,000,000 21,000,000                     
      purchased power and fuel from affiliates
    		              159,000,000      57,000,000 66,000,000 334,000,000       
      loss on sale of assets and businesses
    		                             
      income from continuing operations before income taxes
    		        767,000,000 416,000,000 803,000,000  768,000,000 511,000,000 699,000,000               
      net income from continuing operations after income taxes
    		        700,000,000 343,000,000 669,000,000  676,000,000 465,000,000 481,000,000               
      net income from discontinued operations after income taxes
    		              117,000,000               
      net income attributable to noncontrolling interests
    		              1,000,000 75,000,000 25,000,000 -206,000,000 51,000,000           
      amounts attributable to common shareholders:
    		                             
      net income from continuing operations
    		        700,000,000 343,000,000 669,000,000  676,000,000 465,000,000 481,000,000               
      net income from discontinued operations
    		              116,000,000               
      comprehensive income
    		        734,000,000 352,000,000 668,000,000  685,000,000 477,000,000 612,000,000 533,000,000 -210,000,000 397,000,000 708,000,000 749,000,000 1,063,000,000 688,000,000  748,000,000 95,000,000 205,000,000 175,000,000 451,000,000 509,000,000 
      comprehensive income attributable to noncontrolling interests
    		              1,000,000 75,000,000 25,000,000 -206,000,000 52,000,000           
      earnings per average common share from continuing operations
    		                             
      basic
    		900,000 590,000 870,000 390,000 900,000  450,000 660,000 700,000 340,000 670,000  680,000 470,000 490,000 410,000  600,000 610,000 800,000 1,150,000 610,000  860,000  350,000 340,000  930,000 
      diluted
    		900,000 580,000 860,000 390,000 900,000  450,000 660,000 700,000 340,000 670,000  680,000 470,000 490,000 410,000  600,000 600,000 800,000 1,150,000 600,000  860,000  350,000 330,000  930,000 
      earnings per average common share from discontinued operations
    		                             
      prior service benefit reclassified to periodic benefit cost
    		             2,000,000  -1,000,000 -1,000,000 -10,000,000 -17,000,000   -6,000,000  1,000,000   1,000,000  -1,000,000 
      actuarial loss reclassified to periodic benefit cost
    		         3,000,000 3,000,000  9,000,000 10,000,000 14,000,000 56,000,000 56,000,000 47,000,000 61,000,000           
      pension and non-pension postretirement benefit plans valuation adjustment
    		         -3,000,000          -26,000,000 -8,000,000 258,000,000 -13,000,000 -8,000,000 75,000,000 -67,000,000 -3,000,000 -8,000,000  
      pension and non-pension postretirement benefit plan valuation adjustment
    		          -10,000,000      -2,000,000 -7,000,000 18,000,000           
      liabilities and shareholders’ equity
    		                             
      current liabilities
    		                             
      short-term borrowings
    		           2,082,000,000                  
      long-term debt due within one year
    		           1,220,000,000                  
      accounts payable
    		           1,757,000,000                  
      accrued expenses
    		           818,000,000                  
      mark-to-market derivative liabilities
    		           981,000,000                  
      renewable energy credit obligation
    		           779,000,000                  
      liabilities held for sale
    		           3,000,000                  
      total current liabilities of discontinued operations
    		           7,940,000,000                  
      long-term debt
    		           4,575,000,000                  
      deferred credits and other liabilities
    		                             
      deferred income taxes and unamortized investment tax credits
    		           3,583,000,000                  
      asset retirement obligations
    		           12,819,000,000                  
      pension obligations
    		           939,000,000                  
      non-pension postretirement benefit obligations
    		           876,000,000                  
      spent nuclear fuel obligation
    		           1,210,000,000                  
      total long-term debt, deferred credits, and other liabilities of discontinued operations
    		           25,676,000,000                  
      total liabilities of discontinued operations
    		           33,616,000,000                  
      non-cash items included in net income from discontinued operations:
    		                             
      depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization
    		           2,071,346,000,000                  
      gain on sales of assets and businesses
    		           9,000,000  -2,000,000  12,000,000 71,000,000 2,000,000 56,000,000           
      deferred income taxes and amortization of investment tax credits
    		           -143,000,000                  
      net fair value changes related to derivatives
    		           -59,000,000                  
      net realized and unrealized losses (gains) on ndt fund investments
    		           205,000,000                  
      net unrealized losses on equity investments
    		           1,623,000,000                  
      other decommissioning-related activity
    		           36,000,000                  
      cash flows from investing activities:
    		                             
      capital expenditures
    		           -227,000,000                  
      collection of dpp
    		           1,691,574,000,000                  
      supplemental cash flow information:
    		                             
      decrease in capital expenditures not paid
    		           -128,000,000                  
      increase in dpp
    		           3,481,339,000,000                  
      increase in pp&e related to aro update
    		           335,000,000                  
      unrealized gain on foreign currency translation
    		               2,000,000 1,000,000 -8,000,000 1,000,000   4,000,000        
      equity in earnings of unconsolidated affiliates
    		                    1,000,000   37,000,000      
      earnings (losses) per average common share from discontinued operations
    		                             
      basic
    		              120,000               
      diluted
    		              120,000               
      total other deductions
    		              -201,000,000               
      competitive businesses revenues
    		               3,900,000,000 5,265,000,000 4,403,000,000 5,113,000,000           
      rate-regulated utility revenues
    		               3,968,000,000 4,496,000,000 4,276,000,000 4,570,000,000           
      competitive businesses purchased power and fuel
    		               1,952,000,000 4,610,000,000 2,710,000,000 3,289,000,000           
      rate-regulated utility purchased power and fuel
    		               1,064,000,000 1,358,000,000 1,157,000,000 1,438,000,000           
      equity in losses of unconsolidated affiliates
    		               -1,000,000 -1,000,000 -3,000,000 -7,000,000    -19,000,000       
      unrealized loss on cash flow hedges
    		                 -1,000,000    -48,000,000 -25,000,000       
      (losses) earnings per average common share
    		                             
      basic
    		                -300,000             
      diluted
    		                -300,000             
      operating revenue from affiliates
    		                 1,000,000            
      unrealized loss on investments in unconsolidated affiliates
    		                             
      earnings per average common share:
    		                             
      basic
    		900,000 590,000 870,000 390,000 900,000  450,000 660,000 700,000 340,000 670,000  680,000 470,000 490,000 410,000  600,000 610,000 800,000 1,150,000 610,000  860,000  350,000 340,000  930,000 
      diluted
    		900,000 580,000 860,000 390,000 900,000  450,000 660,000 700,000 340,000 670,000  680,000 470,000 490,000 410,000  600,000 600,000 800,000 1,150,000 600,000  860,000  350,000 330,000  930,000 
      taxes other than income
    		                  446,000,000 304,000,000 306,000,000 288,000,000 293,000,000 277,000,000 277,000,000 290,000,000 254,000,000 194,000,000 191,000,000 
      bargain purchase gain
    		                             
      unrealized gain on investments in unconsolidated affiliates
    		                  1,000,000           
      unrealized gain on marketable securities
    		                     1,000,000        
      average shares of common stock outstanding:
    		                             
      basic
    		1,024,000,000 1,000,000 1,011,000,000 1,010,000,000 1,008,000,000  1,001,000,000 1,000,000,000 996,000,000 995,000,000 995,000,000  988,000,000 981,000,000 981,000,000 978,000,000 977,000,000 975,000,000 966,000,000 862,000,000 861,000,000 860,000,000  857,000,000  854,000,000 853,000,000  663,000,000 
      diluted
    		                  968,000,000 867,000,000 863,000,000 864,000,000  860,000,000  857,000,000 856,000,000  664,000,000 
      dividends declared per common share
    		                  350,000           
      purchased power and fuel
    		                   4,470,000,000 2,591,000,000 2,346,000,000 4,006,000,000 2,743,000,000 2,981,000,000 3,026,000,000 2,606,000,000 1,765,000,000  
      gain on sales of assets
    		                   1,000,000          
      net income attributable to noncontrolling interest and preference stock dividends
    		                   45,000,000          
      prior service (benefit) cost reclassified to periodic benefit cost
    		                   -11,000,000 -11,000,000         
      actuarial loss reclassified to periodic cost
    		                   54,000,000 38,000,000 38,000,000 34,000,000 49,000,000 51,000,000 44,000,000 41,000,000 41,000,000 34,000,000 
      unrealized gain on equity investments
    		                    -3,000,000  12,000,000       
      unrealized loss on foreign currency translation
    		                   -12,000,000   -5,000,000       
      dividends per common share
    		                   310,000 310,000 310,000 310,000 310,000 530,000 530,000 530,000 530,000 530,000 
      gain on consolidation of ceng
    		                     261,000,000        
      net income attributable to noncontrolling interest, preferred security dividends and redemption and preference stock dividends
    		                    81,000,000         
      deferred compensation unit valuation adjustment
    		                             
      unrealized (loss) on foreign currency translation
    		                    -5,000,000         
      unrealized (loss) on marketable securities
    		                    -3,000,000         
      reversal of ceng equity method aoci
    		                     -116,000,000        
      net income attributable to non-controlling interests, preferred security dividends and redemption and preference stock dividends
    		                     35,000,000        
      income (benefit) tax
    		                      -54,000,000       
      net income attributable to noncontrolling interests, preferred security dividends and preference stock dividends
    		                      3,000,000  5,000,000 1,000,000 3,000,000   
      prior service cost reclassified to periodic benefit cost
    		                      1,000,000       
      unrealized loss on marketable securities
    		                             
      weighted-average shares of common stock outstanding:
    		                             
      basic
    		                      858,000,000  855,000,000   705,000,000  
      diluted
    		                      861,000,000  855,000,000   707,000,000  
      earnings per average common share — basic:
    		                      100,000  -10,000   280,000  
      earnings per average common share — diluted:
    		                      100,000  -10,000   280,000  
      net income attributable to noncontrolling interests, preferred security dividends and redemption and preference stock dividends
    		                       -2,000,000      
      transition obligation reclassified to periodic cost
    		                           1,000,000 1,000,000 
      change in unrealized loss on cash flow hedges
    		                       -46,000,000  -88,000,000   -145,000,000 
      change in unrealized income on equity investments
    		                       16,000,000  17,000,000 6,000,000   
      change in unrealized gain on foreign currency translation
    		                         2,000,000    
      change in unrealized loss on marketable securities
    		                          -1,000,000   
      equity in loss of unconsolidated affiliates
    		                        -9,000,000  -57,000,000 -22,000,000  
      net income on common stock
    		                        -4,000,000 296,000,000 286,000,000 200,000,000  
      prior service cost (benefit) reclassified to periodic benefit cost
    		                           1,000,000  
      change in unrealized gain on cash flow hedges
    		                        -58,000,000  -156,000,000 215,000,000  
      change in unrealized gain on marketable securities
    		                        -1,000,000   1,000,000  
      change in unrealized gain on equity investments
    		                        28,000,000     
      change in unrealized (loss) on foreign currency translation
    		                        -1,000,000     
      equity in earnings (losses) of unconsolidated affiliates
    		                         10,000,000    
      change in unrealized loss on foreign currency translation
    		                          -2,000,000   
      other income and deductions
    		                             
      total other income and deductions
    		                           -1,000,000 -82,000,000 
      fuel
    		                            400,000,000 
      operating and maintenance for regulatory required programs
    		                            41,000,000 
    Balance Sheets:
    Quarterly
    Annual
      Unit: USD2026-03-31 2025-09-30 2025-06-30 2025-03-31 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-06-30 2021-03-31 2020-03-31 2018-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-06-30 
                                   
        assets
      		                             
        current assets
      		                             
        cash and cash equivalents
      		713,000,000 1,533,000,000 724,000,000 1,004,000,000 934,000,000 720,000,000 300,000,000 399,000,000 522,000,000 446,000,000 816,000,000 2,476,000,000 510,000,000 1,578,000,000 1,908,000,000 1,457,000,000 787,000,000 7,265,000,000 6,014,000,000 1,825,000,000 2,763,000,000 1,362,000,000 791,000,000 1,600,000,000 679,000,000 1,602,000,000 1,349,000,000 721,000,000 562,000,000 
        restricted cash and cash equivalents
      		560,000,000 516,000,000 478,000,000 578,000,000 530,000,000 489,000,000 435,000,000 435,000,000 381,000,000 744,000,000 961,000,000 430,000,000 72,000,000 379,000,000 374,000,000 414,000,000 209,000,000 341,000,000 274,000,000 297,000,000 318,000,000         
        accounts receivable
      		                             
        customer accounts receivable
      		3,636,000,000 3,356,000,000 3,529,000,000 3,488,000,000 3,053,000,000 2,896,000,000 2,575,000,000 2,333,000,000 2,493,000,000 2,129,000,000 2,219,000,000 2,365,000,000 1,724,000,000 3,533,000,000 4,017,000,000 4,320,000,000              
        customer allowance for credit losses
      		-522,000,000 -451,000,000 -465,000,000 -486,000,000 -372,000,000 -346,000,000 -341,000,000 -323,000,000 -389,000,000 -341,000,000 -354,000,000 -389,000,000 -55,000,000 -395,000,000 -442,000,000 -278,000,000              
        other accounts receivable
      		1,680,000,000 1,192,000,000 1,156,000,000 1,127,000,000 1,136,000,000 1,131,000,000 1,168,000,000 1,107,000,000 1,346,000,000 1,726,000,000 1,403,000,000 1,148,000,000 596,000,000 1,426,000,000 1,320,000,000 1,391,000,000              
        other allowance for credit losses
      		-102,000,000 -98,000,000 -107,000,000 -113,000,000 -108,000,000 -96,000,000 -88,000,000 -87,000,000 -91,000,000 -84,000,000 -81,000,000 -81,000,000 -4,000,000 -72,000,000 -79,000,000 -52,000,000              
        inventories
      		                             
        fossil fuel
      		35,000,000 100,000,000 59,000,000 29,000,000 53,000,000 37,000,000 105,000,000 88,000,000 70,000,000 235,000,000 133,000,000          546,000,000 409,000,000 180,000,000 288,000,000 122,000,000 264,000,000 227,000,000 202,000,000 161,000,000 
        materials and supplies
      		811,000,000 788,000,000 809,000,000 804,000,000 771,000,000 751,000,000 657,000,000 622,000,000 582,000,000 522,000,000 491,000,000 473,000,000 1,004,000,000 1,443,000,000 1,427,000,000 1,463,000,000 1,291,000,000 1,074,000,000 1,068,000,000 1,035,000,000 1,045,000,000 1,041,000,000 843,000,000 821,000,000 791,000,000 767,000,000 772,000,000 740,000,000 625,000,000 
        regulatory assets
      		1,373,000,000 1,489,000,000 1,668,000,000 1,605,000,000 1,945,000,000 2,035,000,000 2,307,000,000 2,505,000,000 2,386,000,000 1,300,000,000 1,239,000,000 1,221,000,000  1,252,000,000 1,269,000,000 1,205,000,000 1,245,000,000 779,000,000 785,000,000 804,000,000 774,000,000 732,000,000 768,000,000 877,000,000 765,000,000 786,000,000 867,000,000 846,000,000 125,000,000 
        prepaid renewable energy credits
      		314,000,000 445,000,000 349,000,000 240,000,000                          
        other
      		504,000,000 359,000,000 476,000,000 523,000,000 615,000,000 595,000,000 401,000,000 463,000,000 477,000,000 378,000,000 515,000,000 463,000,000 993,000,000 1,780,000,000 1,687,000,000 1,629,000,000 1,103,000,000 1,107,000,000 1,304,000,000 1,077,000,000 898,000,000 1,005,000,000 871,000,000 1,232,000,000 1,110,000,000 1,216,000,000 1,252,000,000 1,339,000,000 697,000,000 
        total current assets
      		9,002,000,000 9,229,000,000 8,676,000,000 8,799,000,000 8,557,000,000 8,212,000,000 7,519,000,000 7,542,000,000 7,777,000,000 7,055,000,000 7,342,000,000 8,145,000,000  12,348,000,000 12,997,000,000 12,476,000,000 11,533,000,000 16,867,000,000 15,425,000,000 11,357,000,000 11,837,000,000 9,823,000,000 9,675,000,000 9,951,000,000 9,274,000,000 11,328,000,000 11,754,000,000 11,815,000,000 4,987,000,000 
        property, plant, and equipment
      		85,564,000,000 82,100,000,000 80,609,000,000 79,177,000,000 75,646,000,000 74,604,000,000 72,458,000,000 71,300,000,000 70,117,000,000 67,572,000,000 66,456,000,000 65,465,000,000 19,661,000,000 82,120,000,000 82,588,000,000               
        deferred debits and other assets
      		                             
        goodwill
      		6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000 6,630,000,000  6,677,000,000 6,677,000,000 6,677,000,000 6,677,000,000 2,672,000,000 2,672,000,000 2,672,000,000 2,672,000,000 2,674,000,000 2,625,000,000 2,625,000,000 2,625,000,000 2,625,000,000 2,625,000,000 2,625,000,000 2,625,000,000 
        receivable related to regulatory agreement units
      		4,830,000,000 4,658,000,000 4,411,000,000 4,110,000,000 3,840,000,000 3,382,000,000 2,923,000,000 3,120,000,000 3,069,000,000 2,658,000,000 2,265,000,000 2,969,000,000                  
        investments
      		317,000,000 307,000,000 297,000,000 289,000,000 270,000,000 263,000,000 246,000,000 238,000,000 234,000,000 230,000,000 235,000,000 244,000,000 193,000,000 421,000,000 431,000,000 418,000,000 640,000,000 620,000,000 607,000,000 568,000,000 562,000,000 839,000,000 825,000,000 1,154,000,000 1,181,000,000 838,000,000 836,000,000 827,000,000 736,000,000 
        total deferred debits and other assets
      		22,979,000,000 22,210,000,000 21,862,000,000 21,508,000,000 20,910,000,000 20,395,000,000 19,282,000,000 19,238,000,000 19,031,000,000 18,828,000,000 18,497,000,000 19,088,000,000  34,928,000,000 34,415,000,000 31,184,000,000 30,774,000,000 22,447,000,000 22,853,000,000 23,033,000,000 21,797,000,000 22,086,000,000 22,051,000,000 23,215,000,000 23,185,000,000 23,111,000,000 23,067,000,000 23,708,000,000 16,143,000,000 
        total assets
      		117,545,000,000 113,539,000,000 111,147,000,000 109,484,000,000 105,113,000,000 103,211,000,000 99,259,000,000 98,080,000,000 96,925,000,000 93,455,000,000 92,295,000,000 92,698,000,000  129,396,000,000 130,000,000,000 124,677,000,000 117,018,000,000 95,128,000,000 92,213,000,000 87,391,000,000 85,264,000,000 83,656,000,000 79,468,000,000 79,661,000,000 78,243,000,000 78,353,000,000 77,434,000,000 77,628,000,000 51,986,000,000 
        liabilities and shareholders’ equity
      		                             
        current liabilities
      		                             
        short-term borrowings
      		665,000,000 1,080,000,000 1,109,000,000 1,084,000,000 1,454,000,000 2,206,000,000 1,720,000,000 1,236,000,000 1,306,000,000 1,690,000,000 2,003,000,000 1,900,000,000  1,865,000,000 3,128,000,000 1,979,000,000 1,654,000,000 675,000,000 543,000,000 309,000,000 562,000,000 621,000,000 980,000,000 214,000,000 233,000,000 60,000,000 376,000,000 339,000,000 140,000,000 
        long-term debt due within one year
      		2,326,000,000 2,168,000,000 1,818,000,000 1,454,000,000 1,308,000,000 503,000,000 1,654,000,000 1,505,000,000 1,356,000,000 1,300,000,000 505,000,000 2,154,000,000  3,633,000,000 2,281,000,000 2,848,000,000 1,203,000,000 897,000,000 226,000,000 1,260,000,000 2,064,000,000 2,047,000,000 292,000,000 1,461,000,000 2,085,000,000 1,049,000,000 526,000,000 670,000,000 1,048,000,000 
        accounts payable
      		3,119,000,000 3,240,000,000 3,043,000,000 2,693,000,000 2,810,000,000 2,814,000,000 2,684,000,000 2,506,000,000 2,762,000,000 2,693,000,000 2,451,000,000 2,175,000,000  3,547,000,000 3,430,000,000 2,883,000,000 3,207,000,000 2,987,000,000 2,727,000,000 2,839,000,000 2,502,000,000 2,633,000,000 2,475,000,000 2,369,000,000 2,198,000,000 2,359,000,000 2,183,000,000 2,125,000,000 1,297,000,000 
        accrued expenses
      		1,203,000,000 1,414,000,000 1,318,000,000 1,186,000,000 1,241,000,000 1,076,000,000 1,315,000,000 1,220,000,000 1,183,000,000 1,213,000,000 1,057,000,000 1,029,000,000  1,719,000,000 1,729,000,000 1,535,000,000 1,569,000,000 1,576,000,000 1,366,000,000 1,230,000,000 1,462,000,000 1,382,000,000 1,364,000,000 1,540,000,000 1,430,000,000 1,502,000,000 1,452,000,000 1,492,000,000 878,000,000 
        payables to affiliates
      		5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 5,000,000 6,000,000  5,000,000 5,000,000 5,000,000 5,000,000 8,000,000 8,000,000 8,000,000 22,000,000 38,000,000 94,000,000       
        customer deposits
      		565,000,000 507,000,000 486,000,000 465,000,000 425,000,000 419,000,000                        
        regulatory liabilities
      		910,000,000 507,000,000 485,000,000 464,000,000 433,000,000 400,000,000 437,000,000 439,000,000 472,000,000 493,000,000 411,000,000 394,000,000  686,000,000 663,000,000 412,000,000 522,000,000 365,000,000 409,000,000 421,000,000 364,000,000 368,000,000 336,000,000 314,000,000 418,000,000 299,000,000 259,000,000 335,000,000 63,000,000 
        mark-to-market derivative liabilities
      		21,000,000 28,000,000 24,000,000 25,000,000 23,000,000 29,000,000 44,000,000 31,000,000 23,000,000     719,000,000 422,000,000 264,000,000 415,000,000 204,000,000 165,000,000 117,000,000 249,000,000 228,000,000 251,000,000 126,000,000 181,000,000 521,000,000 829,000,000 1,105,000,000 50,000,000 
        unamortized energy contract liabilities
      		5,000,000 5,000,000 5,000,000 5,000,000 7,000,000 7,000,000 8,000,000 8,000,000 9,000,000 10,000,000 11,000,000 13,000,000  95,000,000 98,000,000 121,000,000 202,000,000 118,000,000 141,000,000 172,000,000 195,000,000 239,000,000 238,000,000 305,000,000 410,000,000 523,000,000 616,000,000 707,000,000  
        renewable energy credit obligations
      		222,000,000 352,000,000 327,000,000 215,000,000                          
        total current liabilities
      		9,588,000,000 9,825,000,000 9,156,000,000 8,103,000,000 8,275,000,000 7,975,000,000 8,800,000,000 7,936,000,000 8,092,000,000 8,717,000,000 8,031,000,000 8,635,000,000  13,919,000,000 13,580,000,000 11,774,000,000 10,153,000,000 7,847,000,000 6,526,000,000 7,374,000,000 8,431,000,000 8,567,000,000 7,351,000,000 7,507,000,000 8,321,000,000 7,770,000,000 8,083,000,000 9,052,000,000 4,268,000,000 
        long-term debt
      		47,859,000,000 46,283,000,000 45,527,000,000 45,342,000,000 43,039,000,000 42,271,000,000 39,431,000,000 39,492,000,000 38,732,000,000 35,283,000,000 35,789,000,000 35,008,000,000  35,077,000,000 36,248,000,000 34,808,000,000 32,905,000,000 24,541,000,000 25,220,000,000 20,519,000,000 19,200,000,000 18,133,000,000 18,247,000,000 17,583,000,000 16,210,000,000 17,050,000,000 17,045,000,000 16,293,000,000 11,764,000,000 
        long-term debt to financing trusts
      		390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000 390,000,000  390,000,000 390,000,000 390,000,000 389,000,000 648,000,000 648,000,000 648,000,000 648,000,000 648,000,000 648,000,000 648,000,000 648,000,000 649,000,000 649,000,000 648,000,000 390,000,000 
        deferred credits and other liabilities
      		                             
        deferred income taxes and unamortized investment tax credits
      		14,201,000,000 13,519,000,000 13,221,000,000 13,081,000,000 12,358,000,000 12,199,000,000 11,792,000,000 11,547,000,000 11,483,000,000 11,113,000,000 11,240,000,000 11,089,000,000  13,194,000,000 13,129,000,000 12,242,000,000 11,344,000,000 13,480,000,000 13,309,000,000 13,218,000,000 13,181,000,000 13,192,000,000 12,810,000,000 11,931,000,000 11,315,000,000 11,600,000,000 10,823,000,000 10,705,000,000 7,391,000,000 
        pension obligations
      		1,426,000,000 1,480,000,000 1,478,000,000 1,475,000,000 1,562,000,000 1,569,000,000 1,085,000,000 1,061,000,000 1,101,000,000 1,366,000,000 1,406,000,000 1,447,000,000  3,880,000,000 3,951,000,000 3,705,000,000 3,433,000,000 3,014,000,000 3,134,000,000 3,154,000,000 1,809,000,000 1,804,000,000 1,661,000,000 3,094,000,000 3,161,000,000 2,575,000,000 2,610,000,000 2,553,000,000 1,495,000,000 
        non-pension postretirement benefit obligations
      		558,000,000 493,000,000 486,000,000 480,000,000 524,000,000 523,000,000 515,000,000 510,000,000 506,000,000 796,000,000 800,000,000 800,000,000  1,983,000,000 1,988,000,000 2,112,000,000 2,114,000,000 1,877,000,000 1,850,000,000 1,825,000,000 1,459,000,000 1,419,000,000 2,042,000,000 2,764,000,000 2,672,000,000 2,946,000,000 2,703,000,000 2,688,000,000 2,311,000,000 
        asset retirement obligations
      		321,000,000 303,000,000 308,000,000 305,000,000 272,000,000 270,000,000 269,000,000 273,000,000 270,000,000 266,000,000 275,000,000 273,000,000  12,502,000,000 12,405,000,000 10,951,000,000 10,126,000,000 8,405,000,000 7,550,000,000 7,446,000,000 7,003,000,000 7,054,000,000 5,261,000,000 5,118,000,000 5,149,000,000 4,866,000,000 4,126,000,000 4,064,000,000 3,597,000,000 
        total deferred credits and other liabilities
      		30,393,000,000 28,928,000,000 28,454,000,000 28,042,000,000 27,257,000,000 26,514,000,000 25,168,000,000 25,183,000,000 24,645,000,000 24,483,000,000 24,429,000,000 25,174,000,000  45,510,000,000 45,469,000,000 43,089,000,000 41,006,000,000 34,803,000,000 34,750,000,000 34,212,000,000 31,935,000,000 32,079,000,000 30,144,000,000 31,517,000,000 31,154,000,000 30,148,000,000 28,769,000,000 28,929,000,000 21,362,000,000 
        total liabilities
      		88,230,000,000 85,426,000,000 83,527,000,000 81,877,000,000 78,961,000,000 77,150,000,000 73,789,000,000 73,001,000,000 71,859,000,000 68,873,000,000 68,639,000,000 69,207,000,000  94,896,000,000 95,687,000,000 90,061,000,000 84,453,000,000 67,839,000,000 67,144,000,000 62,753,000,000 60,214,000,000 59,427,000,000 56,690,000,000 57,594,000,000 56,830,000,000 56,163,000,000 55,025,000,000 55,439,000,000 37,784,000,000 
        commitments and contingencies
      		                             
        shareholders’ equity
      		                             
        common stock
      		22,129,000,000 21,564,000,000 21,544,000,000 21,517,000,000 21,152,000,000 21,129,000,000 20,956,000,000 20,941,000,000 20,921,000,000 20,895,000,000 20,319,000,000 20,299,000,000  19,454,000,000 19,412,000,000 19,303,000,000 18,973,000,000 18,647,000,000 16,755,000,000 16,731,000,000 16,679,000,000 16,651,000,000 16,751,000,000 16,716,000,000 16,652,000,000 16,594,000,000 16,559,000,000 16,512,000,000 9,054,000,000 
        treasury stock
      		-123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000 -123,000,000  -123,000,000 -123,000,000 -123,000,000 -123,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 -2,327,000,000 
        retained earnings
      		8,065,000,000 7,387,000,000 6,917,000,000 6,931,000,000 5,835,000,000 5,767,000,000 5,233,000,000 4,891,000,000 4,907,000,000 4,502,000,000 4,161,000,000 4,028,000,000  16,098,000,000 16,072,000,000 16,475,000,000 14,346,000,000 12,046,000,000 11,704,000,000 11,334,000,000 11,160,000,000 10,435,000,000 10,180,000,000 10,131,000,000 9,437,000,000 9,959,000,000 10,114,000,000 9,830,000,000 9,894,000,000 
        accumulated other comprehensive loss
      		-756,000,000 -715,000,000 -718,000,000 -718,000,000 -712,000,000 -712,000,000 -596,000,000 -630,000,000 -639,000,000 -692,000,000 -701,000,000 -713,000,000  -3,289,000,000 -3,346,000,000 -3,173,000,000 -2,965,000,000 -2,596,000,000 -2,626,000,000 -2,673,000,000 -1,917,000,000 -1,906,000,000 -2,036,000,000 -2,661,000,000 -2,673,000,000 -2,405,000,000 -2,313,000,000 -2,199,000,000 -2,509,000,000 
        total shareholders’ equity
      		29,315,000,000 28,113,000,000 27,620,000,000 27,607,000,000 26,152,000,000 26,061,000,000 25,470,000,000 25,079,000,000 25,066,000,000 24,582,000,000 23,656,000,000 23,491,000,000  32,140,000,000 32,015,000,000 32,482,000,000 30,231,000,000 25,770,000,000 23,506,000,000 23,065,000,000 23,595,000,000 22,853,000,000 22,568,000,000 21,859,000,000 21,089,000,000 21,821,000,000 22,033,000,000 21,816,000,000 14,112,000,000 
        total liabilities and shareholders’ equity
      		117,545,000,000 113,539,000,000 111,147,000,000 109,484,000,000 105,113,000,000 103,211,000,000 99,259,000,000 98,080,000,000 96,925,000,000 93,455,000,000 92,295,000,000 92,698,000,000  129,396,000,000 130,000,000,000 124,677,000,000 117,018,000,000 95,128,000,000 92,213,000,000 87,391,000,000 85,264,000,000 83,656,000,000 79,468,000,000 79,661,000,000 78,243,000,000 78,353,000,000 77,434,000,000 77,628,000,000 51,986,000,000 
        current assets of discontinued operations
      		                             
        property, plant, and equipment, deferred debits, and other assets of discontinued operations
      		                             
        current liabilities of discontinued operations
      		                             
        long-term debt, deferred credits, and other liabilities of discontinued operations
      		                             
        noncontrolling interests
      		             2,360,000,000 2,298,000,000 2,134,000,000 2,334,000,000             
        total equity
      		         24,582,000,000 23,656,000,000 23,491,000,000  34,500,000,000 34,313,000,000 34,616,000,000 32,565,000,000 27,289,000,000 25,069,000,000 24,638,000,000 25,050,000,000 24,229,000,000 22,778,000,000 22,067,000,000 21,326,000,000 22,103,000,000 22,322,000,000 22,102,000,000 14,115,000,000 
        fossil fuel and emission allowances
      		           39,000,000 284,000,000 259,000,000 205,000,000 224,000,000 180,000,000 442,000,000 364,000,000 266,000,000          
        mark-to-market derivative assets
      		            2,169,000,000 749,000,000 568,000,000 656,000,000 978,000,000 1,116,000,000 1,405,000,000 1,117,000,000 744,000,000 629,000,000 756,000,000 730,000,000 666,000,000 928,000,000 1,170,000,000 1,491,000,000 438,000,000 
        renewable energy credits
      		            529,000,000 368,000,000 694,000,000               
        assets held for sale
      		            13,000,000 11,000,000 11,000,000   4,000,000 1,000,000 1,000,000 649,000,000         
        total current assets of discontinued operations
      		            7,835,000,000                 
        nuclear decommissioning trust funds
      		            15,938,000,000 15,400,000,000 14,688,000,000 11,611,000,000 13,149,000,000 10,103,000,000 10,607,000,000 10,712,000,000 10,349,000,000 10,437,000,000 8,215,000,000 7,776,000,000 7,559,000,000 7,140,000,000 6,841,000,000 6,927,000,000 6,699,000,000 
        total property, plant, and equipment, deferred debits, and other assets of discontinued operations
      		            38,509,000,000                 
        total assets of discontinued operations
      		            46,344,000,000                 
        unamortized energy contract assets
      		             37,000,000 38,000,000 47,000,000 55,000,000 135,000,000 156,000,000 209,000,000 225,000,000 264,000,000 326,000,000 460,000,000 727,000,000 1,141,000,000 1,433,000,000   
        renewable energy credit obligation
      		             509,000,000 645,000,000 451,000,000 333,000,000             
        liabilities held for sale
      		             2,000,000 3,000,000               
        spent nuclear fuel obligation
      		             1,209,000,000 1,208,000,000 1,204,000,000 1,151,000,000 1,021,000,000 1,021,000,000 1,021,000,000 1,021,000,000 1,021,000,000 1,021,000,000 1,021,000,000 1,020,000,000 1,020,000,000 1,019,000,000 1,019,000,000 1,019,000,000 
        property, plant and equipment
      		               81,017,000,000 74,711,000,000 55,814,000,000 53,935,000,000 53,001,000,000 51,630,000,000 51,747,000,000 47,742,000,000 46,495,000,000 45,784,000,000 43,914,000,000 42,613,000,000 42,105,000,000 30,856,000,000 
        customer
      		                4,190,000,000 3,215,000,000 3,227,000,000 3,702,000,000 2,815,000,000 2,973,000,000 2,997,000,000 2,584,000,000 2,835,000,000 2,835,000,000 2,886,000,000 2,868,000,000 1,766,000,000 
        phi merger related obligation
      		                87,000,000             
        deferred income taxes
      		                 211,000,000 173,000,000 231,000,000 38,000,000 426,000,000 454,000,000 292,000,000 331,000,000 254,000,000 63,000,000 517,000,000 69,000,000 
        unamortized energy contracts assets
      		                 513,000,000 526,000,000 558,000,000 571,000,000 593,000,000 657,000,000 803,000,000 968,000,000 1,191,000,000 1,317,000,000 1,699,000,000  
        pledged assets for zion station decommissioning
      		                 237,000,000 264,000,000 308,000,000 365,000,000 402,000,000 429,000,000 486,000,000 580,000,000 631,000,000 650,000,000 708,000,000 804,000,000 
        payable for zion station decommissioning
      		                 99,000,000 135,000,000 136,000,000 260,000,000 264,000,000 281,000,000 339,000,000 372,000,000 422,000,000 464,000,000 574,000,000 640,000,000 
        bge preference stock not subject to mandatory redemption
      		                 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000 193,000,000  
        noncontrolling interest
      		                 1,326,000,000 1,370,000,000 1,380,000,000 1,262,000,000 1,183,000,000 17,000,000 15,000,000 44,000,000 89,000,000 96,000,000 93,000,000 3,000,000 
        investments in affiliates
      		                    26,000,000 22,000,000 22,000,000 23,000,000 22,000,000 371,000,000 420,000,000 362,000,000 15,000,000 
        investment in ceng
      		                      1,910,000,000 1,939,000,000 1,883,000,000 1,908,000,000 1,878,000,000 2,046,000,000  
        restricted cash and investments
      		                     207,000,000 111,000,000 60,000,000 83,000,000 73,000,000 83,000,000 43,000,000 35,000,000 
        cash and cash equivalents of variable interest entities
      		                      123,000,000 44,000,000 93,000,000 98,000,000    
        restricted cash and investments of variable interest entities
      		                      96,000,000 87,000,000 65,000,000 67,000,000 34,000,000 67,000,000  
        accounts receivable, net, variable interest entities
      		                      458,000,000 177,000,000 285,000,000 225,000,000 183,000,000 241,000,000  
        long-term debt due within one year of variable interest entities
      		                      81,000,000 182,000,000 79,000,000     
        accounts payable of variable interest entities
      		                      286,000,000 108,000,000 188,000,000 132,000,000 119,000,000 138,000,000  
        long-term debt of variable interest entities
      		                      300,000,000 339,000,000 497,000,000     
        short-term notes payable — accounts receivable agreement
      		                        210,000,000 225,000,000 225,000,000 225,000,000 225,000,000 
        preferred securities of subsidiary
      		                        87,000,000 87,000,000 87,000,000 87,000,000 87,000,000 
        dividends payable
      		                        1,000,000 4,000,000 4,000,000 472,000,000  
        long-term debt of variable interest entities due within one year
      		                         70,000,000 65,000,000 65,000,000  
        long-term debt of variable interest entity
      		                         546,000,000 479,000,000 517,000,000  
      Cashflow Statements:
      Quarterly
      Annual
        Unit: USD2026-03-31 2025-09-30 2025-06-30 2025-03-31 2024-06-30 2024-03-31 2023-09-30 2023-06-30 2023-03-31 2022-09-30 2022-06-30 2022-03-31 2021-06-30 2021-03-31 2020-03-31 2018-03-31 2015-09-30 2015-06-30 2015-03-31 2014-09-30 2014-06-30 2014-03-31 2013-03-31 2012-09-30 2012-06-30 2012-03-31 
                                  
          cash flows from operating activities
        		                          
          net income
        		919,000,000 874,000,000 392,000,000 908,000,000 448,000,000 658,000,000 699,000,000 343,000,000 669,000,000 676,000,000 465,000,000 598,000,000 475,000,000 -264,000,000 376,000,000 636,000,000 587,000,000 634,000,000 738,000,000 1,074,000,000 558,000,000 93,000,000 1,000,000 297,000,000 290,000,000 200,000,000 
          adjustments to reconcile net income to net cash flows from operating activities:
        		                          
          depreciation, amortization, and accretion
        		953,000,000 913,000,000 901,000,000 905,000,000 894,000,000 880,000,000                     
          loss on sales of assets
        		   1,000,000                       
          deferred income taxes and amortization of investment tax credits
        		345,000,000 128,000,000 44,000,000 121,000,000 26,000,000 46,000,000 116,000,000 -19,000,000 113,000,000 113,000,000 33,000,000 110,000,000 -21,000,000 -142,000,000 -245,000,000 -14,000,000 30,000,000 82,000,000 129,000,000 326,000,000 181,000,000 -48,000,000 -610,000,000 36,000,000 126,000,000 101,000,000 
          net fair value changes related to derivatives
        		 0 2,000,000 1,000,000  1,000,000 17,000,000   0 0 -59,000,000 -312,000,000 -178,000,000 -132,000,000 259,000,000 144,000,000 -416,000,000 -91,000,000 -229,000,000 21,000,000 730,000,000 388,000,000 -54,000,000 -250,000,000 -73,000,000 
          other non-cash operating activities
        		222,000,000 354,000,000 390,000,000 344,000,000 207,000,000 39,000,000 -15,000,000 -84,000,000 -138,000,000 -11,000,000 44,000,000 232,000,000 -161,000,000 -170,000,000 273,000,000 240,000,000 277,000,000 235,000,000 344,000,000 131,000,000 295,000,000 272,000,000 231,000,000 276,000,000 429,000,000 530,000,000 
          changes in assets and liabilities:
        		                          
          accounts receivable
        		395,000,000 38,000,000 -58,000,000 -402,000,000 -134,000,000 -309,000,000 -305,000,000 281,000,000 106,000,000 -254,000,000 -84,000,000 -711,000,000 356,000,000 -372,000,000 800,000,000 133,000,000 -78,000,000 523,000,000 -270,000,000 150,000,000 654,000,000 -606,000,000 -70,000,000 -174,000,000 20,000,000 394,000,000 
          inventories
        		20,000,000 -21,000,000 -37,000,000 17,000,000 -37,000,000 12,000,000 -52,000,000 -58,000,000 102,000,000 -133,000,000 -113,000,000 125,000,000 -76,000,000 77,000,000 81,000,000 167,000,000 -94,000,000 -132,000,000 291,000,000 -166,000,000 -230,000,000 80,000,000 101,000,000 -33,000,000 -59,000,000 104,000,000 
          accounts payable and accrued expenses
        		-632,000,000 203,000,000 359,000,000 -397,000,000 118,000,000 -238,000,000 280,000,000 -252,000,000 -482,000,000 279,000,000 253,000,000 291,000,000 89,000,000 -176,000,000 -976,000,000 -451,000,000           
          collateral received
        		45,000,000  -30,000,000 44,000,000      -233,000,000 547,000,000 1,142,000,000               
          income taxes
        		-144,000,000 22,000,000 -62,000,000 59,000,000 -60,000,000 21,000,000 -47,000,000 74,000,000 23,000,000 -20,000,000 -54,000,000 77,000,000 77,000,000 113,000,000 -56,000,000 86,000,000 53,000,000 73,000,000 174,000,000 88,000,000 -33,000,000 17,000,000 632,000,000 206,000,000 81,000,000 178,000,000 
          regulatory assets and liabilities
        		-329,000,000 -96,000,000 -380,000,000 86,000,000 13,000,000 252,000,000 121,000,000 -192,000,000 -324,000,000 -313,000,000                 
          pension and non-pension postretirement benefit contributions
        		-346,000,000 -11,000,000 -10,000,000 -292,000,000 -14,000,000 -111,000,000 -12,000,000 -41,000,000 -44,000,000 -11,000,000 -11,000,000 -574,000,000 -22,000,000 -537,000,000 -531,000,000 -331,000,000 -129,000,000 -32,000,000 -269,000,000 -17,000,000 -27,000,000 -472,000,000 -267,000,000 -41,000,000 -35,000,000 -55,000,000 
          other assets and liabilities
        		276,000,000 -65,000,000 1,000,000 -195,000,000 3,000,000 -264,000,000 -164,000,000 327,000,000 -187,000,000 -63,000,000 -78,000,000 -645,000,000 -862,000,000 -1,840,000,000 -488,000,000 -495,000,000 -694,000,000 99,000,000 115,000,000 -256,000,000 -2,000,000 -278,000,000 233,000,000 -74,000,000 -235,000,000 -122,000,000 
          net cash flows from operating activities
        		1,724,000,000 2,299,000,000 1,511,000,000 1,200,000,000 1,462,000,000 992,000,000 1,531,000,000 1,277,000,000 484,000,000 901,000,000 1,458,000,000 1,782,000,000 2,399,000,000 -1,261,000,000 1,080,000,000 1,502,000,000 1,705,000,000 2,479,000,000 1,490,000,000 1,892,000,000 1,586,000,000 165,000,000 859,000,000 1,828,000,000 1,735,000,000 994,000,000 
          cash flows from investing activities
        		                          
          capital expenditures
        		-2,358,000,000 -2,136,000,000 -2,013,000,000 -1,946,000,000 -1,699,000,000 -1,767,000,000 -1,855,000,000 -1,804,000,000 -1,881,000,000 -1,672,000,000 -1,585,000,000 -1,922,000,000 -1,900,000,000 -2,140,000,000 -2,016,000,000 -1,880,000,000 -1,983,000,000 -1,676,000,000 -1,784,000,000 -1,613,000,000 -1,284,000,000 -1,217,000,000 -1,447,000,000 -1,329,000,000 -1,320,000,000 -1,496,000,000 
          free cash flows
        		-634,000,000 163,000,000 -502,000,000 -746,000,000 -237,000,000 -775,000,000 -324,000,000 -527,000,000 -1,397,000,000 -771,000,000 -127,000,000 -140,000,000 499,000,000 -3,401,000,000 -936,000,000 -378,000,000 -278,000,000 803,000,000 -294,000,000 279,000,000 302,000,000 -1,052,000,000 -588,000,000 499,000,000 415,000,000 -502,000,000 
          other investing activities
        		2,000,000 -2,000,000 -9,000,000 4,000,000 1,000,000 -2,000,000 15,000,000 0 10,000,000 32,000,000 58,000,000 -54,000,000 5,000,000 12,000,000 -8,000,000 3,000,000 -30,000,000 -75,000,000 -2,000,000 -29,000,000 -3,000,000 -54,000,000 40,000,000 53,000,000 47,000,000 -59,000,000 
          net cash flows from investing activities
        		-2,356,000,000   -1,942,000,000        -1,819,000,000  95,000,000             
          cash flows from financing activities
        		                          
          changes in short-term borrowings
        		-447,000,000 -29,000,000 25,000,000 -775,000,000 -353,000,000 -317,000,000 484,000,000 -470,000,000 -1,130,000,000 262,000,000 103,000,000 -700,000,000 -1,263,000,000 597,000,000 109,000,000 726,000,000 136,000,000 235,000,000 -141,000,000 -57,000,000 -345,000,000 638,000,000     
          proceeds from short-term borrowings with maturities greater than 90 days
        		500,000,000    0 150,000,000 0   0 0 1,150,000,000 0 500,000,000 500,000,000 1,000,000           
          issuance of long-term debt
        		1,120,000,000 1,125,000,000 1,375,000,000 2,425,000,000 1,600,000,000 2,625,000,000 100,000,000 1,275,000,000 3,925,000,000 650,000,000 850,000,000 4,301,000,000 750,000,000 1,705,000,000 2,652,000,000 1,130,000,000 2,000,000 4,701,000,000 1,206,000,000 1,112,000,000 1,150,000,000 950,000,000 149,000,000 708,000,000   
          issuance of common stock
        		 0 0 173,000,000                       
          dividends paid on common stock
        		-430,000,000 -404,000,000 -405,000,000 -403,000,000 -380,000,000 -381,000,000 -357,000,000 -359,000,000 -358,000,000 -336,000,000 -331,000,000 -332,000,000 -373,000,000 -374,000,000 -373,000,000 -333,000,000 -282,000,000 -268,000,000 -269,000,000 -266,000,000 -267,000,000 -266,000,000 -450,000,000 -453,000,000 -423,000,000 -350,000,000 
          proceeds from employee stock plans
        		12,000,000 13,000,000   11,000,000 11,000,000 11,000,000 9,000,000 10,000,000 9,000,000 8,000,000 9,000,000 16,000,000 31,000,000 30,000,000 12,000,000 8,000,000 8,000,000 8,000,000 7,000,000 11,000,000 7,000,000 12,000,000 19,000,000 30,000,000 12,000,000 
          other financing activities
        		-27,000,000 -19,000,000 -21,000,000 -35,000,000 -12,000,000 -55,000,000 -17,000,000 -24,000,000 -60,000,000 -37,000,000 -22,000,000 -62,000,000 -18,000,000 -46,000,000 -21,000,000 -30,000,000 -6,000,000 -43,000,000 -16,000,000 -75,000,000 -55,000,000 -28,000,000 -45,000,000 -10,000,000 -9,000,000 -1,000,000 
          net cash flows from financing activities
        		728,000,000 686,000,000 178,000,000 1,385,000,000 465,000,000 982,000,000 221,000,000 479,000,000 1,380,000,000 176,000,000 -1,093,000,000 1,416,000,000 -1,439,000,000 2,334,000,000 1,865,000,000 264,000,000 1,689,000,000 3,505,000,000 208,000,000 698,000,000 38,000,000 151,000,000  -136,000,000 237,000,000 -649,000,000 
          increase in cash, restricted cash, and cash equivalents
        		96,000,000 847,000,000 -331,000,000 643,000,000 227,000,000 207,000,000  -48,000,000 -7,000,000 -563,000,000 -1,162,000,000 1,379,000,000 -325,000,000 1,168,000,000             
          cash, restricted cash, and cash equivalents at beginning of period
        		1,201,000,000 0 0 939,000,000 0 1,101,000,000 0 0 1,090,000,000 0 0 1,619,000,000 0 1,166,000,000             
          cash, restricted cash, and cash equivalents at end of period
        		1,297,000,000 847,000,000 -331,000,000 1,582,000,000 227,000,000 1,308,000,000 -88,000,000 -48,000,000 1,083,000,000 -563,000,000 -1,162,000,000 2,998,000,000 -325,000,000 2,334,000,000             
          supplemental cash flow information
        		                          
          decrease in capital expenditures not paid
        		-373,000,000  116,000,000 -216,000,000 43,000,000 -117,000,000 -5,000,000 37,000,000 -201,000,000 129,000,000 46,000,000 -322,000,000 11,000,000 -324,000,000 -180,000,000            
          gain on sales of assets
        		                -2,000,000 -7,000,000 -1,000,000        
          collateral (paid) received
        		      4,000,000 27,000,000 -214,000,000                  
          proceeds from sales of assets
        		 0                         
          net cash flows used in investing activities
        		 -2,138,000,000   -1,700,000,000 -1,767,000,000 -1,840,000,000 -1,804,000,000 -1,871,000,000 -1,640,000,000     -2,075,000,000 -1,857,000,000 -2,143,000,000 -1,795,000,000 -1,751,000,000 -1,189,000,000 -1,176,000,000 -1,011,000,000 -1,471,000,000 -1,341,000,000 -1,344,000,000 -640,000,000 
          repayments on short-term borrowings with maturities greater than 90 days
        		    -399,000,000 -150,000,000 0 0 -150,000,000 -575,000,000 0 -350,000,000    -1,000,000           
          retirement of long-term debt
        		 0   -2,000,000 -901,000,000 0 -352,000,000 -857,000,000 -360,000,000 -1,701,000,000 -6,000,000 -551,000,000 -79,000,000 -1,032,000,000 -1,241,000,000 -37,000,000 -1,128,000,000 -580,000,000 -23,000,000 -41,000,000 -1,150,000,000 -1,000,000 -82,000,000 -198,000,000 -451,000,000 
          increase in capital expenditures not paid
        		                          
          increase in pp&e related to aro update
        		         666,000,000 0 -335,000,000               
          collateral received (paid)
        		    6,000,000 7,000,000                     
          gain on sales of assets and businesses
        		     -2,000,000    0 2,000,000 -10,000,000 -12,000,000 -71,000,000  -56,000,000           
          proceeds from sales of assets and businesses
        		     2,000,000    0 0 16,000,000 44,000,000 680,000,000  79,000,000           
          depreciation, amortization, and accretion, including nuclear fuel and energy contract amortization
        		      889,000,000 867,000,000 860,000,000 825,000,000 830,000,000 1,024,000,000 2,076,000,000 2,104,000,000             
          asset impairments
        		            499,000,000 1,000,000 8,000,000            
          net realized and unrealized losses on ndt funds
        		                          
          net unrealized losses on equity investments
        		           16,000,000               
          option premiums paid
        		               -27,000,000       -3,000,000    
          proceeds from ndt fund sales
        		         0 0 488,000,000 1,530,000,000 2,908,000,000 1,183,000,000            
          investment in ndt funds
        		         0 0 -516,000,000 -1,599,000,000 -2,939,000,000 -1,234,000,000            
          collection of dpp
        		         0 0 169,000,000 635,000,000 1,574,000,000             
          transfer of cash, restricted cash, and cash equivalents to constellation
        		         0 0 -2,594,000,000               
          decrease in cash, restricted cash, and cash equivalents
        		                          
          increase in dpp
        		         0 0 348,000,000 619,000,000 1,339,000,000             
          decrease in pp&e related to aro update
        		                          
          net realized and unrealized losses (gains) on ndt funds
        		         0 0 205,000,000   651,000,000            
          acquisition of ceng noncontrolling interest
        		                          
          net unrealized losses (gains) on equity investments
        		                          
          option premiums (paid) received
        		          0 -39,000,000   -38,000,000         -14,000,000 -8,000,000 -100,000,000 
          net realized and unrealized (gains) losses on ndt funds
        		            -258,000,000 -118,000,000             
          net unrealized gains on equity investments
        		                          
          option premiums received (paid)
        		            -14,000,000 16,000,000      0 6,000,000 15,000,000     
          unrealized loss on equity investments
        		             23,000,000             
          collateral received (posted)
        		             273,000,000             
          depreciation, amortization and accretion, including nuclear fuel and energy contract amortization
        		              1,378,000,000 1,501,000,000           
          collateral posted
        		              -21,000,000 -214,000,000           
          increase in cash, cash equivalents and restricted cash
        		              870,000,000            
          cash, cash equivalents and restricted cash at beginning of period
        		              1,122,000,000 1,190,000,000           
          cash, cash equivalents and restricted cash at end of period
        		              1,992,000,000 1,099,000,000           
          increase in ppe related to aro update
        		                          
          impairment of long-lived assets and losses on regulatory assets
        		                          
          bargain purchase gain
        		                          
          net realized and unrealized gains on nuclear decommissioning trust fund investments
        		               68,000,000  45,000,000 -47,000,000 27,000,000 -142,000,000 -26,000,000 -66,000,000  33,000,000 -103,000,000 
          proceeds from nuclear decommissioning trust fund sales
        		               1,189,000,000 1,237,000,000 1,633,000,000 1,681,000,000 1,245,000,000 2,394,000,000 1,825,000,000 677,000,000 891,000,000 1,691,000,000 3,680,000,000 
          investment in nuclear decommissioning trust funds
        		               -1,248,000,000 -1,300,000,000 -1,690,000,000 -1,747,000,000 -1,312,000,000 -2,360,000,000 -1,878,000,000 -729,000,000 -939,000,000 -1,757,000,000 -3,726,000,000 
          acquisition of businesses
        		                0 -13,000,000 -15,000,000        
          decrease in cash, cash equivalents and restricted cash
        		               -91,000,000           
          depreciation, amortization, depletion and accretion, including nuclear fuel and energy contract amortization
        		                973,000,000 1,009,000,000 948,000,000 931,000,000 1,017,000,000 908,000,000 1,017,000,000    
          impairment of long-lived assets
        		                1,000,000          
          gain on consolidation and acquisition of businesses
        		                          
          net realized and unrealized (gains) losses on nuclear decommissioning trust fund investments
        		                          
          accounts payable, accrued expenses and other current liabilities
        		                521,000,000 -61,000,000 -607,000,000 36,000,000 -515,000,000 157,000,000 -542,000,000 226,000,000 113,000,000 -1,176,000,000 
          option premiums received
        		                5,000,000 17,000,000 5,000,000        
          counterparty collateral received (posted)
        		                -112,000,000 386,000,000 31,000,000    -186,000,000 -43,000,000 111,000,000 340,000,000 
          proceeds from sale of long-lived assets
        		                0 3,000,000 142,000,000 628,000,000 14,000,000 18,000,000     
          proceeds from termination of direct financing lease investment
        		                   0 0 335,000,000     
          proceeds from sales of investments
        		                       14,000,000 2,000,000 10,000,000 
          cash and restricted cash acquired from consolidations and acquisitions
        		                          
          change in restricted cash
        		                -67,000,000 23,000,000 -26,000,000 -111,000,000 0 -40,000,000 -12,000,000 -23,000,000 -7,000,000 -8,000,000 
          distributions to noncontrolling interest of consolidated vie
        		                          
          increase in cash and cash equivalents
        		                1,251,000,000       351,000,000   
          cash and cash equivalents at beginning of period
        		                0 0 1,878,000,000 0 0 1,609,000,000 1,486,000,000 0 0 1,016,000,000 
          cash and cash equivalents at end of period
        		                1,251,000,000 4,189,000,000 1,825,000,000 1,401,000,000 448,000,000 914,000,000 772,000,000 351,000,000 628,000,000 721,000,000 
          decrease in cash and cash equivalents
        		                  -53,000,000  448,000,000 -695,000,000 -714,000,000   -295,000,000 
          gain on consolidation of ceng
        		                   0       
          gain on sale of assets
        		                          
          counterparty collateral posted
        		                   -9,000,000 71,000,000 -677,000,000     
          proceeds from sale of investments
        		                          
          purchases of investments
        		                       -8,000,000 0 -5,000,000 
          cash consolidated from ceng
        		                   0       
          payment of accounts receivable agreement
        		                          
          redemption of preferred securities
        		                          
          acquisition of business
        		                          
          distributions to non-controlling interest of consolidated vie
        		                          
          impairment of assets held for sale
        		                          
          counterparty collateral (posted) received
        		                          
          cash and restricted cash acquired from constellation
        		                          
          changes in short-term debt
        		                      233,000,000 -318,000,000 38,000,000 141,000,000 
          dividends paid to former constellation shareholders
        		                       0   
          net cash flows used in financing activities
        		                      -102,000,000    
          depreciation, amortization, accretion and depletion including nuclear fuel and energy contract amortization
        		                       1,014,000,000 1,119,000,000 776,000,000 
          acquisitions
        		                          
          cash acquired from constellation
        		                       0 0 964,000,000 
          depreciation, amortization and accretion, including nuclear fuel amortization
        		                          
          retirement of long-term debt of variable interest entity