Xcel Energy Inc
(NASDAQ:XEL)

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric,...

Website: http://www.xcelenergy.com

Founded: 1909

Full Time Employees: 11,273

Sector: Utilities

Industry: Utilities-Regulated Electric

Utilities

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30

operating revenues
electric	2,976,000,000	2,809,000,000	3,638,000,000	2,878,000,000	2,835,000,000	2,410,000,000	3,393,000,000	2,659,000,000	2,685,000,000	2,695,000,000	3,387,000,000	2,601,000,000	2,763,000,000	2,868,000,000	3,699,000,000	2,923,000,000	2,633,000,000	2,562,000,000	3,176,000,000	2,597,000,000	2,870,000,000	2,372,000,000	2,941,000,000	2,286,000,000	2,203,000,000	2,230,000,000	2,771,000,000	2,249,000,000	2,325,000,000	2,300,000,000	2,802,000,000	2,348,000,000	2,270,000,000	2,255,354,000	2,783,569,000	2,338,017,000	2,299,060,000	2,290,556,000	2,799,964,000	2,224,142,000	2,185,119,000	2,170,183,000	2,667,480,000	2,213,460,000	2,224,863,000	2,250,191,000	2,616,351,000	2,297,638,000	2,301,710,000	2,122,047,000	2,599,925,000	2,219,877,000	2,092,196,000	2,010,976,000	2,532,709,000	2,036,829,000	1,936,782,000	1,988,800,000	2,619,424,000	2,128,397,000	2,029,972,000	1,974,634,000	2,440,917,000
natural gas	1,030,000,000	737,000,000	264,000,000	396,000,000	1,055,000,000	695,000,000	239,000,000	355,000,000	941,000,000	719,000,000	245,000,000	393,000,000	1,288,000,000	1,157,000,000	357,000,000	476,000,000	1,090,000,000	768,000,000	268,000,000	449,000,000	647,000,000	554,000,000	219,000,000	280,000,000	583,000,000	544,000,000	222,000,000	308,000,000	794,000,000	558,000,000	227,000,000	292,000,000	662,000,000	520,205,000	214,253,000	289,839,000	625,703,000	484,868,000	221,956,000	258,899,000	565,689,000	455,935,000	216,019,000	284,131,000	715,996,000	657,274,000	236,649,000	369,127,000	879,688,000	588,404,000	205,358,000	341,321,000	669,596,000	520,513,000	174,513,000	221,313,000	621,035,000	560,109,000	194,930,000	291,538,000	765,349,000	572,428,000	170,594,000
other	15,000,000	15,000,000	13,000,000	13,000,000	16,000,000	15,000,000	12,000,000	14,000,000	23,000,000	28,000,000	30,000,000	28,000,000	29,000,000	28,000,000	26,000,000	25,000,000	28,000,000	25,000,000	23,000,000	22,000,000	24,000,000	21,000,000	22,000,000	20,000,000	25,000,000	24,000,000	20,000,000	20,000,000	22,000,000	22,000,000	19,000,000	18,000,000	19,000,000	20,194,000	19,075,000	17,072,000	21,659,000	19,227,000	18,227,000	16,808,000	21,465,000	19,703,000	17,813,000	17,543,000	21,360,000	21,163,000	16,807,000	18,331,000	21,206,000	20,371,000	17,055,000	17,715,000	21,057,000	19,646,000	17,119,000	16,526,000	20,262,000	19,501,000	17,244,000	18,287,000	21,219,000	19,872,000	17,276,000
total operating revenues	4,021,000,000	3,561,000,000	3,915,000,000	3,287,000,000	3,906,000,000	3,120,000,000	3,644,000,000	3,028,000,000	3,649,000,000	3,442,000,000	3,662,000,000	3,022,000,000	4,080,000,000	4,053,000,000	4,082,000,000	3,424,000,000	3,751,000,000	3,355,000,000	3,467,000,000	3,068,000,000	3,541,000,000	2,947,000,000	3,182,000,000	2,586,000,000	2,811,000,000	2,798,000,000	3,013,000,000	2,577,000,000	3,141,000,000	2,880,000,000	3,048,000,000	2,658,000,000	2,951,000,000	2,795,753,000	3,016,897,000	2,644,928,000	2,946,422,000	2,794,651,000	3,040,147,000	2,499,849,000	2,772,273,000	2,645,821,000	2,901,312,000	2,515,134,000	2,962,219,000	2,928,628,000	2,869,807,000	2,685,096,000	3,202,604,000	2,730,822,000	2,822,338,000	2,578,913,000	2,782,849,000	2,551,135,000	2,724,341,000	2,274,668,000	2,578,079,000	2,568,410,000	2,831,598,000	2,438,222,000	2,816,540,000	2,566,934,000	2,628,787,000
yoy	2.94%	14.13%	7.44%	8.55%	7.04%	-9.36%	-0.49%	0.20%	-10.56%	-15.08%	-10.29%	-11.74%	8.77%	20.80%	17.74%	11.60%	5.93%	13.84%	8.96%	18.64%	25.97%	5.33%	5.61%	0.35%	-10.51%	-2.85%	-1.15%	-3.05%	6.44%	3.01%	1.03%	0.49%	0.16%	0.04%	-0.76%	5.80%	6.28%	5.63%	4.79%	-0.61%	-6.41%	-9.66%	1.10%	-6.33%	-7.51%	7.24%	1.68%	4.12%	15.08%	7.04%	3.60%	13.38%	7.94%	-0.67%	-3.79%	-6.71%	-8.47%	0.06%	7.72%
qoq	12.92%	-9.04%	19.11%	-15.85%	25.19%	-14.38%	20.34%	-17.02%	6.01%	-6.01%	21.18%	-25.93%	0.67%	-0.71%	19.22%	-8.72%	11.80%	-3.23%	13.01%	-13.36%	20.16%	-7.39%	23.05%	-8.00%	0.46%	-7.14%	16.92%	-17.96%	9.06%	-5.51%	14.67%	-9.93%	5.55%	-7.33%	14.06%	-10.23%	5.43%	-8.08%	21.61%	-9.83%	4.78%	-8.81%	15.35%	-15.09%	1.15%	2.05%	6.88%	-16.16%	17.28%	-3.24%	9.44%	-7.33%	9.08%	-6.36%	19.77%	-11.77%	0.38%	-9.29%	16.13%	-13.43%	9.72%	-2.35%
operating expenses
electric fuel and purchased power	1,019,000,000	925,000,000	1,098,000,000	918,000,000	1,020,000,000	925,000,000	1,060,000,000	855,000,000	948,000,000	950,000,000	1,181,000,000	1,030,000,000	1,117,000,000	1,233,000,000	1,497,000,000	1,181,000,000	1,094,000,000	1,090,000,000	1,210,000,000	1,047,000,000	1,386,000,000	901,000,000	981,000,000	833,000,000	797,000,000	831,000,000	952,000,000	813,000,000	914,000,000	947,000,000	1,040,000,000	935,000,000	932,000,000	906,520,000	1,006,160,000	919,099,000	925,221,000	962,602,000	1,037,263,000	855,968,000	861,852,000	893,390,000	1,014,726,000	904,705,000	950,132,000	1,021,644,000	1,079,855,000	1,041,322,000	1,067,321,000	984,641,000	1,097,944,000	1,011,044,000	925,043,000	898,752,000	1,006,830,000	854,373,000	863,980,000	920,293,000	1,150,252,000	989,413,000	931,828,000	925,313,000	1,110,781,000
cost of natural gas sold and transported	520,000,000	333,000,000	61,000,000	134,000,000	513,000,000	287,000,000	63,000,000	118,000,000	483,000,000	372,000,000	70,000,000	170,000,000	844,000,000	776,000,000	173,000,000	251,000,000	710,000,000	478,000,000	86,000,000	218,000,000	299,000,000	264,000,000	54,000,000	86,000,000	285,000,000	272,000,000	55,000,000	112,000,000	479,000,000	306,000,000	58,000,000	104,000,000	375,000,000	279,548,000	63,998,000	114,320,000	365,134,000	262,935,000	67,566,000	90,071,000	312,117,000	239,685,000	66,071,000	126,667,000	472,371,000	438,406,000	99,344,000	210,901,000	623,828,000	379,764,000	74,847,000	188,765,000	439,375,000	323,495,000	49,739,000	89,759,000	417,946,000	370,351,000	87,107,000	163,056,000	543,376,000	388,279,000	66,571,000
cost of sales — other	3,000,000	3,000,000	5,000,000	1,000,000	2,000,000	2,000,000	3,000,000	1,000,000	8,000,000	12,000,000	14,000,000	11,000,000	12,000,000	12,000,000	11,000,000	11,000,000	10,000,000	10,000,000	11,000,000	9,000,000	8,000,000	9,000,000	11,000,000	8,000,000	9,000,000	12,000,000	9,000,000	10,000,000	10,000,000	9,000,000	9,000,000	8,000,000	8,000,000	8,784,000	8,451,000	8,178,000	8,587,000	10,850,000	8,648,000	8,332,000	8,245,000	9,800,000	8,203,000	8,164,000	10,049,000	9,569,000	8,012,000	7,642,000	9,129,000	9,491,000	7,540,000	7,881,000	8,411,000	8,568,000	7,251,000	5,944,000	7,304,000	8,291,000	7,154,000	6,891,000	8,055,000	8,296,000	8,848,000
operating and maintenance expenses	675,000,000	679,000,000	692,000,000	675,000,000	686,000,000	618,000,000	655,000,000	662,000,000	605,000,000	580,000,000	586,000,000	628,000,000	650,000,000				602,000,000	569,000,000	568,000,000	600,000,000	584,000,000	616,000,000	579,000,000	550,000,000	579,000,000	574,000,000	580,000,000	586,000,000	597,000,000	623,000,000	593,000,000	578,000,000	557,000,000	596,898,000	541,539,000	578,133,000	586,430,000	562,161,000	590,009,000	596,978,000	577,410,000	583,577,000	565,984,000	594,279,000	585,830,000	620,241,000	568,391,000	585,604,000	560,143,000	606,439,000	575,305,000	562,557,000	529,231,000	599,917,000	531,480,000	534,014,000	510,684,000
conservation and demand side management expenses	121,000,000	107,000,000	101,000,000	88,000,000	110,000,000	99,000,000	112,000,000	86,000,000	97,000,000	71,000,000	76,000,000	63,000,000	76,000,000	72,000,000	86,000,000	81,000,000	92,000,000	82,000,000	78,000,000	71,000,000	73,000,000	73,000,000	73,000,000	68,000,000	74,000,000	53,000,000	75,000,000	65,000,000	72,000,000	54,000,000	77,000,000	69,000,000	71,000,000	51,530,250	73,728,000	64,860,000
depreciation and amortization	768,000,000	753,000,000	750,000,000	722,000,000	728,000,000	702,000,000	681,000,000	703,000,000	658,000,000	641,000,000	618,000,000	565,000,000	624,000,000	606,000,000	607,000,000	638,000,000	562,000,000	535,000,000	537,000,000	528,000,000	521,000,000	499,000,000	513,000,000	473,000,000	463,000,000	446,000,000	447,000,000	439,000,000	433,000,000	443,000,000	440,000,000	377,000,000	383,000,000	376,985,000	371,091,000	365,720,000	365,204,000	332,146,000	328,503,000	322,534,000	320,020,000	296,703,000	280,121,000	274,602,000	273,098,000	262,400,000	255,395,000	255,307,000	245,943,000	256,732,000	228,491,000	243,934,000	248,706,000	231,689,000	239,051,000	226,641,000	228,672,000	194,303,000	242,329,000	229,264,000	224,723,000	219,579,000	221,671,000
taxes	183,000,000	172,000,000	172,000,000	172,000,000	170,000,000	140,000,000	159,000,000	154,000,000	171,000,000	168,000,000	168,000,000	137,000,000	184,000,000	165,000,000	173,000,000	179,000,000	171,000,000	158,000,000	152,000,000	157,000,000	163,000,000	159,000,000	158,000,000	146,000,000	149,000,000	140,000,000	137,000,000	142,000,000	150,000,000	139,000,000	135,000,000	137,000,000	145,000,000	134,409,000	133,571,000	134,926,000	142,094,000	131,089,000	117,190,000	138,469,000	145,323,000	122,237,000	123,081,000	129,731,000	136,626,000	106,898,000	117,958,000	116,278,000	124,702,000	99,735,000	105,287,000	102,051,000	113,427,000	103,032,000	100,636,000	99,632,000	105,624,000	96,738,000	89,018,000	92,489,000	96,570,000	87,719,000	81,791,000
marshall wildfire litigation	-22,000,000	9,000,000	287,000,000
total operating expenses	3,267,000,000	2,981,000,000	3,166,000,000	2,710,000,000	3,229,000,000	2,773,000,000	2,733,000,000	2,579,000,000	2,970,000,000	2,867,000,000	2,747,000,000	2,604,000,000	3,507,000,000	3,528,000,000	3,158,000,000	2,955,000,000	3,241,000,000	2,922,000,000	2,642,000,000	2,630,000,000	3,034,000,000	2,521,000,000	2,369,000,000	2,164,000,000	2,356,000,000	2,348,000,000	2,255,000,000	2,167,000,000	2,655,000,000	2,541,000,000	2,352,000,000	2,208,000,000	2,471,000,000	2,370,023,000	2,198,538,000	2,185,236,000	2,460,203,000	2,329,301,000	2,213,093,000	2,068,268,000	2,282,403,000	2,204,811,000	2,115,500,000	2,092,289,000	2,611,374,000	2,537,378,000	2,204,127,000	2,287,888,000	2,708,612,000	2,405,240,000	2,157,225,000	2,176,677,000	2,328,225,000	2,234,738,000	2,003,907,000	1,868,978,000	2,197,917,000	2,224,409,000	2,180,102,000	2,078,780,000	2,389,877,000	2,244,564,000	2,060,157,000
operating income	754,000,000	580,000,000	749,000,000	577,000,000	677,000,000	347,000,000	911,000,000	449,000,000	679,000,000	575,000,000	915,000,000	418,000,000	573,000,000	525,000,000	924,000,000	469,000,000	510,000,000	433,000,000	825,000,000	438,000,000	507,000,000	426,000,000	813,000,000	422,000,000	455,000,000	450,000,000	758,000,000	410,000,000	486,000,000	339,000,000	696,000,000	450,000,000	480,000,000	425,730,000	818,359,000	459,692,000	486,219,000	465,350,000	827,054,000	431,581,000	489,870,000	441,010,000	785,812,000	422,845,000	350,845,000	391,250,000	665,680,000	397,208,000	493,992,000	325,582,000	665,113,000	402,236,000	454,624,000	316,397,000	720,434,000	405,690,000	380,162,000	344,001,000	651,496,000	359,442,000	426,663,000	322,370,000	568,630,000
yoy	11.37%	67.15%	-17.78%	28.51%	-0.29%	-39.65%	-0.44%	7.42%	18.50%	9.52%	-0.97%	-10.87%	12.35%	21.25%	12.00%	7.08%	0.59%	1.64%	1.48%	3.79%	11.43%	-5.33%	7.26%	2.93%	-6.38%	32.74%	8.91%	-8.89%	1.25%	-20.37%	-14.95%	-2.11%	-1.28%	-8.51%	-1.05%	6.51%	-0.75%	5.52%	5.25%	2.07%	39.63%	12.72%	18.05%	6.45%	-28.98%	20.17%	0.09%	-1.25%	8.66%	2.90%	-7.68%	-0.85%	19.59%	-8.02%	10.58%	12.87%	-10.90%	6.71%	14.57%
qoq	30.00%	-22.56%	29.81%	-14.77%	95.10%	-61.91%	102.90%	-33.87%	18.09%	-37.16%	118.90%	-27.05%	9.14%	-43.18%	97.01%	-8.04%	17.78%	-47.52%	88.36%	-13.61%	19.01%	-47.60%	92.65%	-7.25%	1.11%	-40.63%	84.88%	-15.64%	43.36%	-51.29%	54.67%	-6.25%	12.75%	-47.98%	78.02%	-5.46%	4.48%	-43.73%	91.63%	-11.90%	11.08%	-43.88%	85.84%	20.52%	-10.33%	-41.23%	67.59%	-19.59%	51.73%	-51.05%	65.35%	-11.52%	43.69%	-56.08%	77.58%	6.72%	10.51%	-47.20%	81.25%	-15.76%	32.35%	-43.31%
operating margin %	18.75%	16.29%	19.13%	17.55%	17.33%	11.12%	25.00%	14.83%	18.61%	16.71%	24.99%	13.83%	14.04%	12.95%	22.64%	13.70%	13.60%	12.91%	23.80%	14.28%	14.32%	14.46%	25.55%	16.32%	16.19%	16.08%	25.16%	15.91%	15.47%	11.77%	22.83%	16.93%	16.27%	15.23%	27.13%	17.38%	16.50%	16.65%	27.20%	17.26%	17.67%	16.67%	27.08%	16.81%	11.84%	13.36%	23.20%	14.79%	15.42%	11.92%	23.57%	15.60%	16.34%	12.40%	26.44%	17.84%	14.75%	13.39%	23.01%	14.74%	15.15%	12.56%	21.63%
other income	22,000,000	114,000,000	46,000,000	68,000,000	7,000,000	68,000,000	39,000,000	22,000,000	14,000,000	3,000,000	3,000,000	11,000,000	5,000,000	7,000,000	-15,000,000	-6,000,000	1,000,000		-3,000,000	3,000,000	5,000,000		1,000,000	5,000,000	-11,000,000	2,000,000	8,000,000	2,000,000	4,000,000				1,000,000	8,857,000	5,089,000	2,608,000	6,446,000	1,562,000	578,000	1,560,000	4,250,000	-348,000	1,626,000	961,000	3,161,000	609,000	1,404,000	82,000	3,201,000	-959,000	-404,000	413,000	3,922,000	1,222,000	488,000	728,000	3,737,000	960,000	2,550,000	979,000	4,766,000	1,009,000	27,450,000
earnings from equity method investments	13,000,000	20,000,000	6,000,000	-8,000,000	-1,000,000		3,000,000	8,000,000	8,000,000	8,000,000	7,000,000	9,000,000	11,000,000	9,000,000	1,000,000	11,000,000	15,000,000	15,000,000	13,000,000	20,000,000
allowance for funds used during construction — equity	92,000,000	85,000,000	79,000,000	69,000,000	48,000,000	49,000,000	44,000,000	38,000,000	37,000,000	28,000,000	26,000,000	18,000,000	19,000,000	22,000,000	20,000,000	20,000,000	13,000,000	20,000,000	21,000,000	18,000,000	14,000,000	24,000,000	30,000,000	37,000,000	23,000,000	22,000,000	15,000,000	20,000,000	20,000,000	29,000,000	30,000,000	26,000,000	23,000,000	20,818,000	23,483,000	16,386,000	14,313,000	15,505,000	17,199,000	14,730,000	13,113,000	15,208,000	15,427,000	12,641,000	12,660,000	20,898,000	23,337,000	23,608,000	21,907,000	24,536,000	21,284,000	22,109,000	19,754,000	18,336,000	15,860,000	15,194,000	13,450,000	12,533,000	11,840,000	13,606,000	13,244,000	16,402,000	13,464,000
interest charges and financing costs
interest charges — includes other financing costs	412,000,000	403,000,000	384,000,000	349,000,000	332,000,000	319,000,000	326,000,000	319,000,000	291,000,000
allowance for funds used during construction — debt	-40,000,000	-39,000,000	-36,000,000	-27,000,000	-23,000,000	-22,000,000	-21,000,000	-16,000,000	-14,000,000	-15,000,000	-14,000,000	-12,000,000	-10,000,000	-9,000,000	-7,000,000	-7,000,000	-5,000,000	-8,000,000	-7,000,000	-6,000,000	-5,000,000	-9,000,000	-11,000,000	-12,000,000	-10,000,000	-10,000,000	-7,000,000	-10,000,000	-10,000,000	-13,000,000	-13,000,000	-11,000,000	-11,000,000	-9,641,000	-10,724,000	-7,613,000	-7,022,000	-6,822,000	-7,532,000	-6,684,000	-5,990,000	-6,908,000	-7,031,000	-6,165,000	-6,144,000	-8,793,000	-9,948,000	-10,113,000	-9,548,000	-10,728,000	-9,377,000	-10,316,000	-8,758,000	-10,586,000	-10,439,000	-7,683,000	-6,607,000	-6,606,000	-6,301,000	-7,838,000	-7,436,000	-8,035,000	-6,323,000
total interest charges and financing costs	372,000,000	364,000,000	348,000,000	322,000,000	309,000,000	297,000,000	305,000,000	303,000,000	277,000,000	250,000,000	255,000,000	256,000,000	243,000,000	239,000,000	237,000,000	240,000,000	209,000,000	206,000,000	204,000,000	206,000,000	200,000,000	203,000,000	210,000,000	196,000,000	189,000,000	185,000,000	192,000,000	179,000,000	179,000,000	164,000,000	164,000,000	164,000,000	160,000,000	155,427,000	157,079,000	156,582,000	158,912,000	154,805,000	158,325,000	156,296,000	150,453,000	146,646,000	145,535,000	138,057,000	138,796,000	136,102,000	133,271,000	129,287,000	129,546,000	133,272,000	135,381,000	136,512,000	130,855,000	133,526,000	143,280,000	144,238,000	145,223,000	145,789,000	141,710,000	138,500,000	136,918,000	139,122,000	138,526,000
income before income taxes	509,000,000	435,000,000	532,000,000	384,000,000	422,000,000	167,000,000	692,000,000	214,000,000	461,000,000	364,000,000	696,000,000	200,000,000	365,000,000	324,000,000	693,000,000	254,000,000	330,000,000	262,000,000	652,000,000	273,000,000	340,000,000	258,000,000	646,000,000	274,000,000	289,000,000	299,000,000	599,000,000	262,000,000	340,000,000	208,000,000	564,000,000	319,000,000	350,000,000	307,482,000	696,932,000	329,645,000	355,941,000	337,235,000	696,207,000	301,192,000	369,962,000	319,254,000	665,492,000	306,812,000	235,646,000	284,156,000	564,551,000	299,422,000	396,992,000
income tax benefit	-47,000,000			-60,000,000	-61,000,000			-88,000,000	-27,000,000			-88,000,000	-53,000,000			-74,000,000	-50,000,000			-38,000,000	-22,000,000
net income	556,000,000	567,000,000	524,000,000	444,000,000	483,000,000	464,000,000	682,000,000	302,000,000	488,000,000	409,000,000	656,000,000	288,000,000	418,000,000	379,000,000	649,000,000	328,000,000	380,000,000	315,000,000	609,000,000	311,000,000	362,000,000	288,000,000	603,000,000	287,000,000	295,000,000	292,000,000	527,000,000	238,000,000	315,000,000	214,000,000	491,000,000	265,000,000	291,000,000	189,326,000	492,141,000	227,256,000	239,277,000	227,477,000	457,795,000	196,795,000	241,312,000	209,025,000	426,463,000	196,931,000	152,066,000	196,339,000	368,582,000	195,164,000	261,221,000	150,055,000	364,752,000	196,857,000	236,570,000	140,170,000	398,106,000	183,060,000	183,893,000	140,509,000	338,332,000	158,762,000	203,569,000	136,634,000	312,306,000
yoy	15.11%	22.20%	-23.17%	47.02%	-1.02%	13.45%	3.96%	4.86%	16.75%	7.92%	1.08%	-12.20%	10.00%	20.32%	6.57%	5.47%	4.97%	9.38%	1.00%	8.36%	22.71%	-1.37%	14.42%	20.59%	-6.35%	36.45%	7.33%	-10.19%	8.25%	13.03%	-0.23%	16.61%	21.62%	-16.77%	7.50%	15.48%	-0.84%	8.83%	7.35%	-0.07%	58.69%	6.46%	15.70%	0.91%	-41.79%	30.84%	1.05%	-0.86%	10.42%	7.05%	-8.38%	7.54%	28.65%	-0.24%	17.67%	15.30%	-9.67%	2.84%	8.33%
qoq	-1.94%	8.21%	18.02%	-8.07%	4.09%	-31.96%	125.83%	-38.11%	19.32%	-37.65%	127.78%	-31.10%	10.29%	-41.60%	97.87%	-13.68%	20.63%	-48.28%	95.82%	-14.09%	25.69%	-52.24%	110.10%	-2.71%	1.03%	-44.59%	121.43%	-24.44%	47.20%	-56.42%	85.28%	-8.93%	53.70%	-61.53%	116.56%	-5.02%	5.19%	-50.31%	132.63%	-18.45%	15.45%	-50.99%	116.55%	29.50%	-22.55%	-46.73%	88.86%	-25.29%	74.08%	-58.86%	85.29%	-16.79%	68.77%	-64.79%	117.47%	-0.45%	30.88%	-58.47%	113.11%	-22.01%	48.99%	-56.25%
net income margin %	13.83%	15.92%	13.38%	13.51%	12.37%	14.87%	18.72%	9.97%	13.37%	11.88%	17.91%	9.53%	10.25%	9.35%	15.90%	9.58%	10.13%	9.39%	17.57%	10.14%	10.22%	9.77%	18.95%	11.10%	10.49%	10.44%	17.49%	9.24%	10.03%	7.43%	16.11%	9.97%	9.86%	6.77%	16.31%	8.59%	8.12%	8.14%	15.06%	7.87%	8.70%	7.90%	14.70%	7.83%	5.13%	6.70%	12.84%	7.27%	8.16%	5.49%	12.92%	7.63%	8.50%	5.49%	14.61%	8.05%	7.13%	5.47%	11.95%	6.51%	7.23%	5.32%	11.88%
weighted-average common shares outstanding:
basic	624,000,000	587,000,000	592,000,000	586,000,000	575,000,000	563,000,000	564,000,000	557,000,000	556,000,000	552,000,000	552,000,000	551,000,000	551,000,000	547,000,000	548,000,000	546,000,000	545,000,000	539,000,000	539,000,000	539,000,000	538,000,000	527,000,000	526,000,000	527,000,000	526,000,000	519,000,000	519,000,000	516,000,000	515,000,000	511,000,000	510,000,000	510,000,000	509,000,000	509,000,000	508,581,000	508,542,000	508,278,000	508,794,000	508,941,000	508,930,000	508,667,000	507,768,000	508,031,000	507,707,000	506,983,000	503,847,000	506,082,000	503,272,000	499,523,000	496,073,000	498,149,000	497,747,000	489,781,000	487,899,000	488,084,000	487,717,000	487,360,000	485,039,000	485,344,000	484,918,000	483,641,000	462,052,000	460,471,000
diluted	626,000,000	589,000,000	595,000,000	588,000,000	577,000,000	563,000,000	565,000,000	557,000,000	556,000,000	552,000,000	552,000,000	552,000,000	551,000,000	547,000,000	548,000,000	546,000,000	545,000,000	540,000,000	539,000,000	539,000,000	539,000,000	528,000,000	528,000,000	527,000,000	527,000,000	520,000,000	521,000,000	518,000,000	516,000,000	511,000,000	511,000,000	510,000,000	509,000,000	509,000,000	509,242,000	509,135,000	508,774,000	509,465,000	509,566,000	509,490,000	509,150,000	508,168,000	508,427,000	508,074,000	507,393,000	504,117,000	506,365,000	503,456,000	499,746,000	496,532,000	498,641,000	498,036,000	490,531,000	488,434,000	488,578,000	488,017,000	487,995,000	485,615,000	485,894,000	485,241,000	484,301,000	463,391,000	462,019,000
earnings per average common share:
basic	890,000	960,000	880,000	760,000	840,000	810,000	1,210,000	540,000	880,000	740,000	1,190,000	520,000	760,000	700,000	1,190,000	600,000	700,000	580,000	1,130,000	580,000	670,000	540,000	1,150,000	540,000	560,000	550,000	1,020,000	460,000	610,000	420,000	960,000	520,000	570,000	2,258,110	970	450	470	450	900	390	470	410	840	390	300	390	730	390	520	300	730	400	480	392.5	820	380	380				420
diluted	890,000	950,000	880,000	750,000	840,000	810,000	1,210,000	540,000	880,000	740,000	1,190,000	520,000	760,000	690,000	1,180,000	600,000	700,000	580,000	1,130,000	580,000	670,000	540,000	1,140,000	540,000	560,000	560,000	1,010,000	460,000	610,000	420,000	960,000	520,000	570,000	2,248,120	970	450	470	450	900	390	470	410	840	390	300	390	730	390	520	300	730	400	480	392.5	810	380	380				420
see notes to consolidated financial statements
income tax expense		-28,250,000	8,000,000			-26,250,000	10,000,000			-25,250,000	40,000,000			-20,000,000	44,000,000			-53,000,000	43,000,000			-30,000,000	43,000,000	-13,000,000	-6,000,000
loss on comanche unit 3 litigation										1,000,000	34,000,000
interest charges — includes other financing costs of 8, 8, 24 and 24, respectively										197,500,000	269,000,000
interest charges — includes other financing costs of 8, 8, 16 and 16, respectively												268,000,000
interest charges — includes other financing costs of 8													253,000,000
o&m expenses														456,750,000	611,000,000	614,000,000
interest charges — includes other financing costs of 8, 7, 24 and 22, respectively														176,250,000	244,000,000
interest charges — includes other financing costs of 8, 7, 16 and 14, respectively																247,000,000
interest charges — includes other financing costs of 8 and 7, respectively																	214,000,000
interest charges — includes other financing costs of 7, 7, 22 and 21, respectively																		157,000,000	211,000,000
interest charges — includes other financing costs of 7, 7, 14 and 14, respectively																				212,000,000
equity earnings of unconsolidated subsidiaries																					14,000,000	11,000,000	12,000,000	6,000,000	11,000,000	10,000,000	10,000,000	9,000,000	9,000,000	10,000,000	9,000,000	9,000,000	6,000,000	7,504,000	7,080,000	7,541,000	7,875,000	9,623,000	9,701,000	9,617,000	13,182,000	10,030,000	8,162,000	8,422,000	7,776,000	7,501,000	7,401,000	7,811,000	7,438,000	7,641,000	7,273,000	7,529,000	7,577,000	7,821,000	7,490,000	7,502,000	7,158,000	7,714,000	7,423,000	7,677,000	7,713,000	7,515,000	7,670,000
interest charges — includes other financing costs of 7 and 7, respectively																					205,000,000
interest charges — includes other financing costs of 7, 6, 21 and 19, respectively																						157,000,000	221,000,000
interest charges — includes other financing costs of 7, 6, 14 and 13, respectively																								208,000,000
interest charges — includes other financing costs of 7 and 6, respectively																									199,000,000
interest charges — includes other financing costs of 6, 6, 19 and 18, respectively																										144,500,000	199,000,000
income taxes																										7,000,000	72,000,000	24,000,000	25,000,000	-6,000,000	73,000,000	54,000,000	59,000,000	118,156,000	204,791,000	102,389,000	116,664,000	109,758,000	238,412,000	104,397,000	128,650,000	110,229,000	239,029,000	109,881,000	83,580,000	87,817,000	195,969,000	104,258,000	135,771,000	73,300,000	193,349,000	98,893,000	118,434,000	70,042,000	202,845,000	101,801,000	75,515,000	78,478,000	193,304,000	84,533,000	112,001,000	71,671,000	166,200,000
interest charges — includes other financing costs of 6, 6, 13 and 12, respectively																												189,000,000
interest charges — includes other financing costs of 6 and 6, respectively																													189,000,000				171,000,000
other expense																														-6,000,000	-7,000,000	-2,000,000
interest charges — includes other financing costs of 6, 6, 18 and 18, respectively																														130,750,000	177,000,000
cash dividends declared per common share																														285,000	380,000	380,000	380,000	1,438,920	360	360	360	340	340	340	340	320	320	320	320	300	300	300	300	280	280	280	270	-798.93	270	270	260	0.26	0.26	0.26	250	0.25	0.25
interest charges — includes other financing costs of 6, 6, 12 and 12, respectively																																175,000,000
interest charges — includes other financing costs of 5,923, 6,060, 17,657 and 19,026, respectively																																		124,483,000	167,803,000
interest charges — includes other financing costs of 5,876, 6,630, 11,734 and 12,966, respectively																																				164,195,000
conservation and demand side management program expenses																																					67,533,000	67,518,000	63,914,000	55,916,000	57,436,000	59,419,000	57,314,000	54,141,000	53,805,000	78,220,000	75,172,000	70,834,000	77,546,000	68,438,000	67,811,000	60,445,000	64,032,000	69,285,000	68,920,000	58,615,000	63,707,000	69,303,000	71,280,000	65,497,000	75,298,000	65,376,000	60,861,000
interest charges — includes other financing costs of 5,858 and 6,336, respectively																																					165,934,000
loss on monticello life cycle management/extended power uprate project																																													129,463,000
interest charges — includes other financing costs of 6,0606,260, 19,026 and 17,819, respectively																																						121,320,000	165,857,000
interest charges — includes other financing costs of 6,6305,861, 12,966 and 11,559, respectively																																								162,980,000
interest charges — includes other financing costs of 6,336 and 5,698, respectively																																									156,443,000
interest charges — includes other financing costs of 6,260,5,737, 17,819 and 17,144, respectively																																										110,432,000	152,566,000
interest charges — includes other financing costs of 5,861,5,614, 11,559 and 11,406, respectively																																												144,222,000
interest charges — includes other financing costs of 5,698 and 5,792, respectively																																													144,940,000
interest charges — includes other financing costs of 5,737, 6,020, 17,144 and 24,058, respectively																																														105,428,250	143,219,000
interest charges — includes other financing costs of 5,614, 12,229, 11,406 and 18,038, respectively																																																139,400,000
interest charges — includes other financing costs of 5,792 and 5,809, respectively																																																	139,094,000
interest charges — includes other financing costs of 6,020, 6,010, 24,058 and 18,126, respectively																																																		107,799,750	144,758,000
income from continuing operations before income taxes																																																		302,170,500	557,885,000	295,775,000	355,022,000	210,250,000	600,992,000	284,876,000	259,284,000	219,419,000	531,599,000	243,204,000	315,468,000	208,174,000	478,688,000
income from continuing operations																																																		199,501,500	364,536,000	196,882,000	236,588,000	140,208,000	398,147,000	183,075,000	183,769,000	140,941,000	338,295,000	158,671,000	203,467,000	136,503,000	312,488,000
income from discontinued operations, net of tax																																																		43,250	216,000	-25,000	-18,000	-38,000	-41,000	-15,000	124,000	-432,000	37,000	91,000	102,000	131,000	-182,000
interest charges — includes other financing costs of 12,229, 6,036, 18,038 and 12,116, respectively																																																				146,828,000
interest charges — includes other financing costs of 5,809 and 6,080, respectively																																																					139,613,000
interest charges — includes other financing costs of 6,010, 6,279, 18,126 and 17,724, respectively																																																						114,367,500	153,719,000
dividend requirements on preferred stock																																																											1,414,000	1,060,000	1,060,000	1,061,000	1,060,000
premium on redemption of preferred stock																																																											3,260,000
earnings available to common shareholders																																																						140,170,000	398,106,000	183,060,000	183,893,000	140,509,000	333,658,000	157,702,000	202,509,000	135,573,000	311,246,000
interest charges — includes other financing costs of 6,036, 6,185, 12,116 and 11,445, respectively																																																								151,921,000
interest charges — includes other financing costs of 6,080 and 5,260, respectively																																																									151,830,000
other operating and maintenance expenses																																																										393,789,750	532,962,000	532,170,000	510,027,000	550,002,000	509,634,000
interest charges — includes other financing costs of 6,279, 5,229, 17,724 and 15,386, respectively																																																										109,675,750	148,011,000
earnings per average common share — basic:
income from discontinued operations
earnings per share																																																										0.29	0.69	0.33		0.29	0.68
earnings per average common share — diluted:
interest charges — includes other financing costs of 6,185, 5,146, 11,445 and 10,157, respectively																																																												146,338,000
interest charges — includes other financing costs of 5,260 and 5,011, respectively																																																													144,354,000
interest charges — includes other financing costs of 5,229, 5,103, 15,386 and 15,255, respectively																																																														107,533,500	144,849,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30

assets
current assets
cash and cash equivalents	1,760,000,000	274,000,000	1,052,000,000	1,454,000,000	1,123,000,000	179,000,000	1,545,000,000	1,598,000,000	501,000,000	129,000,000	594,000,000	275,000,000	114,000,000	111,000,000	117,000,000	335,000,000	90,000,000	166,000,000	631,000,000	538,000,000	1,039,000,000	129,000,000	885,000,000	1,625,000,000	244,000,000	248,000,000	864,000,000	353,000,000	94,000,000	147,000,000	213,000,000	332,000,000	116,000,000	83,000,000	167,841,000	61,382,000	73,985,000	84,476,000	353,385,000	76,711,000	101,491,000	84,940,000	404,409,000	135,597,000	133,044,000	79,608,000	137,868,000	99,540,000	132,313,000	107,144,000	101,834,000	58,821,000	112,960,000	82,323,000	747,273,000	63,530,000	99,742,000	60,684,000	194,155,000	101,603,000	94,338,000	108,437,000	213,455,000
accounts receivable	1,346,000,000	1,330,000,000	1,246,000,000	1,133,000,000	1,287,000,000	1,249,000,000	1,187,000,000	1,138,000,000	1,220,000,000	1,315,000,000	1,220,000,000	1,111,000,000	1,300,000,000	1,373,000,000	1,196,000,000	1,084,000,000	1,190,000,000	1,018,000,000	1,022,000,000	948,000,000	959,000,000	916,000,000	899,000,000	799,000,000	839,000,000	837,000,000	821,000,000	737,000,000	974,000,000	860,000,000	856,000,000	808,000,000	868,000,000	797,000,000	807,621,000	759,378,000	781,248,000	776,289,000	754,248,000	689,564,000	729,386,000	724,606,000	741,230,000	676,223,000	826,797,000	826,506,000	760,213,000	742,730,000	885,098,000	744,160,000	786,874,000	719,069,000	789,209,000	718,046,000	704,580,000	645,264,000	718,145,000	753,120,000	752,123,000	679,560,000	765,421,000	718,474,000	703,960,000
accrued unbilled revenues	746,000,000	880,000,000	766,000,000	822,000,000	769,000,000	832,000,000	790,000,000	847,000,000	779,000,000	853,000,000	731,000,000	741,000,000	777,000,000	1,105,000,000	793,000,000	792,000,000	716,000,000	862,000,000	656,000,000	699,000,000	591,000,000	714,000,000	586,000,000	613,000,000	561,000,000	713,000,000	623,000,000	639,000,000	662,000,000	755,000,000	650,000,000	648,000,000	605,000,000	764,000,000	625,657,000	608,499,000	555,445,000	729,832,000	567,852,000	589,708,000	525,423,000	654,867,000	546,067,000	582,711,000	544,518,000	728,492,000	574,824,000	609,673,000	575,813,000	687,230,000	575,711,000	626,294,000	586,761,000	663,363,000	521,883,000	549,728,000	491,410,000	688,740,000	552,837,000	590,855,000	550,695,000	708,691,000	534,280,000
inventories	709,000,000	761,000,000	723,000,000	668,000,000	625,000,000	666,000,000	638,000,000	622,000,000	623,000,000	711,000,000	688,000,000	625,000,000	580,000,000	803,000,000	870,000,000	645,000,000	505,000,000	631,000,000	587,000,000	500,000,000	469,000,000	535,000,000	512,000,000	487,000,000	488,000,000	544,000,000	544,000,000	483,000,000	445,000,000	548,000,000	528,000,000	511,000,000	492,000,000	610,000,000	616,675,000	542,044,000	519,081,000	604,226,000	614,908,000	526,785,000	520,054,000	608,584,000	644,963,000	532,703,000	505,213,000	597,183,000	634,262,000	501,270,000	436,237,000	576,538,000	604,628,000	494,890,000	447,709,000	535,574,000	562,721,000	473,137,000	474,359,000	618,232,000	608,007,000	484,772,000	442,205,000	560,800,000	591,725,000
regulatory assets	482,000,000	529,000,000	536,000,000	621,000,000	627,000,000	561,000,000	562,000,000	630,000,000	647,000,000	611,000,000	695,000,000	828,000,000	983,000,000	1,059,000,000	1,275,000,000	1,085,000,000	1,049,000,000	1,106,000,000	1,073,000,000	1,041,000,000	928,000,000	640,000,000	576,000,000	513,000,000	508,000,000	488,000,000	455,000,000	425,000,000	412,000,000	464,000,000	452,000,000	440,000,000	422,000,000	424,000,000	407,639,000	375,020,000	360,309,000	363,655,000	317,611,000	325,690,000	317,489,000	344,630,000	347,122,000	364,746,000	351,780,000	444,058,000	415,197,000	462,185,000	481,473,000	417,801,000	396,271,000	396,308,000	369,206,000	352,977,000	353,807,000	366,226,000	333,053,000	402,235,000	412,211,000	381,457,000	319,486,000	388,541,000	2,324,744,000
derivative instruments	138,000,000	165,000,000	216,000,000	255,000,000	113,000,000	114,000,000	179,000,000	234,000,000	86,000,000	104,000,000	146,000,000	233,000,000	97,000,000	279,000,000	456,000,000	534,000,000	125,000,000	123,000,000	228,000,000	148,000,000	44,000,000	49,000,000	69,000,000	72,000,000	45,000,000	55,000,000	61,000,000	86,000,000	56,000,000	87,000,000	76,000,000	75,000,000	28,000,000	44,000,000	74,533,000	78,487,000	20,885,000	38,224,000	42,860,000	46,953,000	23,293,000	33,842,000	48,110,000	63,603,000	38,905,000	85,723,000	120,654,000	154,940,000	70,275,000	91,707,000	92,687,000	100,215,000	59,554,000	69,013,000	79,988,000	88,368,000	61,971,000	64,340,000	50,281,000	53,832,000	55,932,000	54,079,000
prepayments and other	701,000,000	1,075,000,000	1,142,000,000	652,000,000	749,000,000	652,000,000	504,000,000	541,000,000	548,000,000	294,000,000	257,000,000	322,000,000	359,000,000	360,000,000	329,000,000	316,000,000	307,000,000	289,000,000	235,000,000	221,000,000	244,000,000	250,000,000	232,000,000	208,000,000	230,000,000	185,000,000	193,000,000	175,000,000	191,000,000	154,000,000	157,000,000	164,000,000	188,000,000	183,000,000	143,120,000	135,493,000	145,203,000	138,682,000	122,786,000	126,146,000	154,143,000	155,734,000	142,797,000	141,774,000	155,435,000	171,112,000	270,529,000	270,717,000	295,479,000	252,258,000	236,764,000	264,253,000	246,079,000	171,315,000	174,715,000	195,357,000	192,746,000	121,480,000	191,852,000	186,884,000	184,791,000	193,621,000	296,097,000
total current assets	5,882,000,000	5,014,000,000	5,681,000,000	5,667,000,000	5,368,000,000	4,325,000,000	5,469,000,000	5,699,000,000	4,489,000,000	4,069,000,000	4,402,000,000	4,201,000,000	4,253,000,000	5,144,000,000	5,090,000,000	4,842,000,000	4,022,000,000	4,239,000,000	4,487,000,000	4,147,000,000	4,315,000,000	3,275,000,000	3,837,000,000	4,390,000,000	2,983,000,000	3,113,000,000	3,600,000,000	2,939,000,000	2,909,000,000	3,094,000,000	3,003,000,000	3,056,000,000	2,782,000,000	2,973,000,000	2,898,874,000	2,756,550,000	2,633,154,000	2,842,081,000	3,076,163,000	2,704,099,000	2,732,617,000	2,910,445,000	3,344,422,000	3,048,922,000	3,057,446,000	3,364,380,000	3,196,594,000	3,123,820,000	3,129,346,000	3,218,040,000	3,120,741,000	2,818,200,000	2,704,671,000	2,625,139,000	3,370,844,000	2,560,408,000	2,542,834,000	2,982,564,000	2,861,473,000	2,478,963,000	2,514,129,000	2,732,643,000	2,529,513,000
property, plant and equipment	67,808,000,000	65,639,000,000	63,131,000,000	60,751,000,000	58,807,000,000	57,198,000,000	55,321,000,000	53,890,000,000	52,765,000,000	51,642,000,000	50,613,000,000	49,664,000,000	48,896,000,000	48,253,000,000	47,287,000,000	46,535,000,000	45,837,000,000	45,457,000,000	44,730,000,000	44,141,000,000	43,582,000,000	42,950,000,000	42,227,000,000	41,124,000,000	40,776,000,000	39,483,000,000	38,703,000,000	37,651,000,000	37,114,000,000	36,944,000,000	35,879,000,000	35,289,000,000	34,679,000,000	34,329,000,000	33,949,952,000	33,543,843,000	33,158,384,000	32,841,750,000	32,206,696,000	31,823,282,000	31,433,406,000	31,205,851,000	29,828,609,000	29,350,364,000	28,966,911,000	28,756,916,000	27,630,363,000	27,070,377,000	26,541,482,000	26,122,159,000	25,342,578,000	24,813,411,000	24,219,231,000	23,809,348,000	23,401,597,000	23,047,854,000	22,672,686,000	22,353,367,000	21,729,488,000	21,513,539,000	20,908,333,000	20,663,082,000	19,444,841,000
other assets
nuclear decommissioning fund and other investments	4,336,000,000	4,389,000,000	4,273,000,000	4,087,000,000	3,888,000,000	3,896,000,000	3,947,000,000	3,791,000,000	3,746,000,000	3,599,000,000	3,393,000,000	3,456,000,000	3,373,000,000	3,234,000,000	3,083,000,000	3,229,000,000	3,492,000,000	3,628,000,000	3,446,000,000	3,389,000,000	3,154,000,000	3,096,000,000	2,813,000,000	2,683,000,000	2,429,000,000	2,731,000,000	2,599,000,000	2,573,000,000	2,504,000,000	2,317,000,000	2,473,000,000	2,398,000,000	2,404,000,000	2,397,000,000	2,300,265,000	2,231,588,000	2,187,946,000	2,091,858,000	2,048,455,000	1,987,474,000	1,917,709,000	1,902,995,000	1,807,692,000	1,880,153,000	1,867,425,000	1,832,640,000	1,816,962,000	1,838,648,000	1,793,067,000	1,755,990,000	1,679,987,000	1,622,978,000	1,663,648,000	1,617,865,000	1,578,381,000	1,522,203,000	1,537,490,000	1,463,515,000	1,399,527,000	1,517,058,000	1,511,278,000	1,476,435,000	1,443,300,000
operating lease right-of-use assets	868,000,000	893,000,000	877,000,000	1,131,000,000	1,077,000,000	1,060,000,000	1,096,000,000	1,145,000,000	1,164,000,000	1,217,000,000	1,114,000,000	1,143,000,000	1,194,000,000	1,204,000,000	1,155,000,000	1,202,000,000	1,239,000,000	1,291,000,000	1,342,000,000	1,390,000,000	1,440,000,000	1,490,000,000	1,534,000,000	1,229,000,000	1,260,000,000	1,672,000,000	1,718,000,000	1,763,000,000	1,619,000,000
finance lease right-of-use assets	1,431,000,000	1,348,000,000	1,358,000,000
other	1,417,000,000	1,036,000,000	871,000,000	801,000,000	730,000,000	635,000,000	596,000,000	567,000,000	562,000,000	678,000,000	519,000,000	482,000,000	475,000,000	389,000,000	420,000,000	439,000,000	460,000,000	431,000,000	339,000,000	395,000,000	409,000,000	379,000,000	348,000,000	1,019,000,000	516,000,000	492,000,000	478,000,000	490,000,000	499,000,000	463,000,000	272,000,000	273,000,000	280,000,000	501,000,000	259,117,000	255,470,000	247,351,000	503,953,000	67,716,000	38,415,000	32,998,000	124,420,000	182,058,000	176,172,000	174,608,000	175,957,000	177,365,000	173,509,000	170,064,000	217,241,000	178,169,000	184,150,000	177,076,000	200,008,000	203,506,000	193,566,000	192,157,000	155,926,000	164,495,000	163,817,000	168,473,000	180,044,000	162,473,000
total other assets	11,138,000,000	10,718,000,000	10,342,000,000	8,919,000,000	8,574,000,000	8,512,000,000	8,496,000,000	8,338,000,000	8,331,000,000	8,368,000,000	7,855,000,000	7,793,000,000	7,796,000,000	7,791,000,000	7,598,000,000	7,940,000,000	8,126,000,000	8,155,000,000	8,300,000,000	8,491,000,000	8,614,000,000	7,732,000,000	7,644,000,000	7,942,000,000	7,374,000,000	7,852,000,000	7,937,000,000	7,994,000,000	7,827,000,000	5,949,000,000	5,953,000,000	5,895,000,000	5,698,000,000	5,728,000,000	5,619,968,000	5,560,596,000	5,493,803,000	5,471,446,000	5,041,891,000	4,962,783,000	4,903,821,000	4,937,239,000	4,856,665,000	4,869,523,000	4,854,294,000	4,836,588,000	4,536,484,000	4,523,447,000	4,527,924,000	4,567,291,000	4,663,333,000	4,634,651,000	4,663,773,000	4,706,199,000	4,285,057,000	4,211,881,000	4,237,733,000	4,161,336,000	3,946,893,000	4,010,722,000	4,044,187,000	3,991,965,000	4,327,112,000
total assets	84,828,000,000	81,371,000,000	79,154,000,000	75,337,000,000	72,749,000,000	70,035,000,000	69,286,000,000	67,927,000,000	65,585,000,000	64,079,000,000	62,870,000,000	61,658,000,000	60,945,000,000	61,188,000,000	59,975,000,000	59,317,000,000	57,985,000,000	57,851,000,000	57,517,000,000	56,779,000,000	56,511,000,000	53,957,000,000	53,708,000,000	53,456,000,000	51,133,000,000	50,448,000,000	50,240,000,000	48,584,000,000	47,850,000,000	45,987,000,000	44,835,000,000	44,240,000,000	43,159,000,000	43,030,000,000	42,468,794,000	41,860,989,000	41,285,341,000	41,155,277,000	40,324,750,000	39,490,164,000	39,069,844,000	39,053,535,000	38,029,696,000	37,268,809,000	36,878,651,000	36,957,884,000	35,363,441,000	34,717,644,000	34,198,752,000	33,907,490,000	33,126,652,000	32,266,262,000	31,587,675,000	31,140,686,000	31,057,498,000	29,820,143,000	29,453,253,000	29,497,267,000	28,537,854,000	28,003,224,000	27,466,649,000	27,387,690,000	26,301,466,000
liabilities and equity
current liabilities
current portion of long-term debt	1,001,000,000	501,000,000	1,000,000	251,000,000	1,103,000,000	1,103,000,000	1,104,000,000	854,000,000	552,000,000	552,000,000	1,051,000,000	1,051,000,000	901,000,000	1,151,000,000	651,000,000	651,000,000	851,000,000	601,000,000	621,000,000	21,000,000	21,000,000	421,000,000	401,000,000	1,101,000,000	1,102,000,000	702,000,000	853,000,000	553,000,000	2,000,000	406,000,000	556,000,000	856,000,000	457,000,000	457,000,000	305,415,000	505,345,000	755,448,000	255,529,000	709,567,000	710,151,000	656,516,000	657,021,000	457,474,000	707,356,000	257,399,000	257,726,000	257,506,000	7,522,000	282,133,000	280,763,000	280,538,000	282,042,000	6,929,000	258,155,000	859,462,000	1,311,594,000	1,309,681,000	1,059,922,000	462,414,000	53,927,000	54,761,000	55,415,000	414,443,000
short-term debt	1,480,000,000	1,550,000,000	1,330,000,000	820,000,000	719,000,000	695,000,000	95,000,000	802,000,000	463,000,000	785,000,000		544,000,000	1,079,000,000	813,000,000	158,000,000	136,000,000	996,000,000	1,005,000,000	1,747,000,000	1,745,000,000	1,477,000,000	584,000,000	500,000,000	1,410,000,000	1,765,000,000	595,000,000	933,000,000	1,597,000,000	1,252,000,000	1,038,000,000	437,000,000	682,000,000	1,025,000,000	814,000,000	514,000,000	784,000,000	605,000,000	392,000,000	366,000,000	447,000,000	183,000,000	846,000,000	64,000,000	451,000,000	969,000,000	1,019,500,000	697,000,000	777,800,000	765,000,000	759,000,000	302,000,000	354,000,000	425,000,000	602,000,000	304,000,000	481,000,000	339,000,000	219,000,000	50,000,000	656,000,000	531,500,000	466,400,000	40,000,000
accounts payable	2,261,000,000	2,307,000,000	2,328,000,000	2,096,000,000	1,942,000,000	1,781,000,000	1,713,000,000	1,546,000,000	1,461,000,000	1,668,000,000	1,445,000,000	1,307,000,000	1,338,000,000	1,804,000,000	1,586,000,000	1,590,000,000	1,257,000,000	1,409,000,000	1,319,000,000	1,273,000,000	1,213,000,000	1,237,000,000	1,602,000,000	1,188,000,000	996,000,000	1,294,000,000	1,258,000,000	1,057,000,000	1,154,000,000	1,237,000,000	1,189,000,000	1,092,000,000	1,027,000,000	1,243,000,000	992,498,000	973,642,000	861,506,000	1,044,959,000	916,534,000	921,973,000	809,656,000	960,982,000	924,260,000	830,278,000	898,003,000	1,173,006,000	1,061,385,000	967,251,000	1,061,874,000	1,261,238,000	965,572,000	998,607,000	932,547,000	959,093,000	885,099,000	871,069,000	786,187,000	902,078,000	837,259,000	957,521,000	848,568,000	979,750,000	794,381,000
regulatory liabilities	701,000,000	714,000,000	760,000,000	893,000,000	815,000,000	852,000,000	835,000,000	781,000,000	557,000,000	528,000,000	462,000,000	486,000,000	358,000,000	418,000,000	596,000,000	682,000,000	359,000,000	271,000,000	338,000,000	336,000,000	406,000,000	311,000,000	302,000,000	420,000,000	456,000,000	407,000,000	469,000,000	442,000,000	492,000,000	436,000,000	410,000,000	395,000,000	270,000,000	239,000,000	256,191,000	261,171,000	186,926,000	220,894,000	228,721,000	279,755,000	272,647,000	306,830,000	365,853,000	418,618,000	393,054,000	410,729,000	379,824,000	366,579,000	258,946,000	274,769,000	208,943,000	205,112,000	193,658,000	168,858,000	219,464,000	193,509,000	220,526,000	275,095,000	309,032,000	170,655,000	176,511,000	156,038,000	1,236,097,000
taxes accrued	697,000,000	579,000,000	531,000,000	360,000,000	631,000,000	535,000,000	488,000,000	360,000,000	638,000,000	557,000,000	541,000,000	407,000,000	682,000,000	569,000,000	545,000,000	415,000,000	685,000,000	569,000,000	553,000,000	428,000,000	684,000,000	578,000,000	504,000,000	343,000,000	553,000,000	466,000,000	443,000,000	342,000,000	555,000,000	450,000,000	428,000,000	316,000,000	544,000,000	448,000,000	427,275,000	339,966,000	544,177,000	457,392,000	422,437,000	330,398,000	525,934,000	438,189,000	379,103,000	280,838,000	480,311,000	396,615,000	371,959,000	269,020,000	461,520,000	378,766,000	335,846,000	242,339,000	415,081,000	334,441,000	264,792,000	215,159,000	359,064,000	289,713,000	250,135,000	189,564,000	312,669,000	254,320,000	224,483,000
accrued interest	419,000,000	337,000,000	410,000,000	319,000,000	330,000,000	280,000,000	329,000,000	299,000,000	291,000,000	251,000,000	288,000,000	233,000,000	242,000,000	217,000,000	244,000,000	219,000,000	209,000,000	209,000,000	206,000,000	207,000,000	191,000,000	203,000,000	186,000,000	200,000,000	167,000,000	192,000,000	166,000,000	180,000,000	159,000,000	174,000,000	158,000,000	176,000,000	147,000,000	174,000,000	147,860,000	175,849,000	151,929,000	172,901,000	155,005,000	169,309,000	148,112,000	166,829,000	143,124,000	160,146,000	131,579,000	158,536,000	132,084,000	158,663,000	132,589,000	159,372,000	134,612,000	156,751,000	135,532,000	162,494,000	160,621,000	176,855,000	161,930,000	177,111,000	162,374,000	165,313,000	158,230,000	163,907,000	161,553,000
dividends payable	370,000,000	355,000,000	337,000,000	337,000,000	328,000,000	314,000,000	312,000,000	305,000,000	304,000,000	289,000,000	287,000,000	287,000,000	286,000,000	268,000,000	267,000,000	266,000,000	265,000,000	249,000,000	246,000,000	246,000,000	246,000,000	231,000,000	226,000,000	226,000,000	226,000,000	212,000,000	212,000,000	209,000,000	208,000,000	195,000,000	194,000,000	193,000,000	193,000,000	183,000,000	182,795,000	182,795,000	182,795,000	172,456,000	172,704,000	172,704,000	172,704,000	162,410,000	162,324,000	162,224,000	162,130,000	151,720,000	151,623,000	151,097,000	150,250,000	139,432,000	139,333,000	139,240,000	133,238,000	131,748,000	131,653,000	131,565,000	126,601,000	126,487,000	127,497,000	127,040,000	123,310,000	122,847,000	117,236,000
operating lease liabilities	111,000,000	110,000,000	114,000,000	211,000,000	219,000,000	227,000,000	226,000,000	226,000,000	228,000,000	226,000,000	231,000,000	226,000,000	224,000,000	217,000,000	211,000,000	210,000,000	203,000,000	205,000,000	218,000,000	220,000,000	221,000,000	214,000,000	208,000,000	149,000,000	143,000,000	1,549,000,000	1,598,000,000	1,647,000,000	1,529,000,000
total current liabilities	7,636,000,000	7,089,000,000	7,148,000,000	5,886,000,000	6,741,000,000	6,459,000,000	5,858,000,000	5,900,000,000	5,210,000,000	5,652,000,000	5,073,000,000	5,231,000,000	5,661,000,000	6,078,000,000	4,903,000,000	4,865,000,000	5,352,000,000	5,046,000,000	5,764,000,000	4,950,000,000	4,877,000,000	4,239,000,000	4,393,000,000	5,473,000,000	5,839,000,000	4,568,000,000	5,021,000,000	5,060,000,000	4,424,000,000	4,460,000,000	3,838,000,000	4,178,000,000	4,122,000,000	4,088,000,000	3,340,406,000	3,690,704,000	3,707,976,000	3,247,043,000	3,453,972,000	3,506,381,000	3,188,568,000	4,058,297,000	3,085,020,000	3,537,251,000	3,774,528,000	4,064,583,000	3,470,869,000	3,059,929,000	3,467,748,000	3,654,498,000	2,839,061,000	2,696,810,000	2,526,517,000	2,937,073,000	3,160,534,000	3,831,222,000	3,708,042,000	3,588,639,000	2,653,183,000	2,638,759,000	2,484,756,000	2,536,533,000	2,199,484,000
deferred credits and other liabilities
deferred income taxes	5,918,000,000	6,004,000,000	5,927,000,000	5,739,000,000	5,368,000,000	5,319,000,000	5,480,000,000	5,280,000,000	5,108,000,000	4,885,000,000	4,702,000,000	4,657,000,000	4,729,000,000	4,756,000,000	4,762,000,000	4,708,000,000	4,822,000,000	4,894,000,000	4,913,000,000	4,807,000,000	4,765,000,000	4,746,000,000	4,696,000,000	4,569,000,000	4,492,000,000	4,509,000,000	4,427,000,000	4,319,000,000	4,255,000,000	4,165,000,000	4,119,000,000	3,973,000,000	3,905,000,000	3,845,000,000	7,362,931,000	7,130,715,000	6,999,546,000	6,784,319,000	195,303,000	206,644,000	180,513,000	140,219,000	352,712,000	429,860,000	383,463,000	246,210,000	283,047,000	282,765,000	252,658,000	341,202,000	325,972,000	158,350,000	93,193,000	32,528,000	225,877,000	178,470,000	162,353,000	178,446,000	3,809,638,000	3,665,418,000	3,567,061,000		3,616,378,000
asset retirement obligations	3,937,000,000	3,888,000,000	3,853,000,000	3,803,000,000	3,756,000,000	3,713,000,000	3,431,000,000	3,390,000,000	3,255,000,000	3,218,000,000	3,332,000,000	3,295,000,000	3,423,000,000	3,380,000,000	3,296,000,000	3,271,000,000	3,210,000,000	3,151,000,000	3,094,000,000	3,059,000,000	2,980,000,000	2,884,000,000	2,942,000,000	2,881,000,000	2,734,000,000	2,701,000,000	2,679,000,000	2,647,000,000	2,599,000,000	2,568,000,000	2,572,000,000	2,534,000,000	2,504,000,000	2,475,000,000	2,883,799,000	2,849,532,000	2,815,677,000	2,782,229,000	2,703,396,000	2,671,320,000	2,639,628,000	2,608,562,000	2,550,930,000	2,517,668,000	2,476,049,000	2,446,631,000	1,922,022,000	1,897,942,000	1,838,521,000	1,815,390,000	1,785,319,000	1,762,959,000	1,741,707,000	1,719,796,000	1,716,612,000	1,695,560,000	1,662,175,000	1,651,793,000	1,293,424,000	1,277,785,000	985,466,000	969,310,000	920,129,000
customer advances	128,000,000	129,000,000	130,000,000	132,000,000	139,000,000	146,000,000	154,000,000	154,000,000	159,000,000	167,000,000	173,000,000	174,000,000	180,000,000	181,000,000	187,000,000	184,000,000	192,000,000	196,000,000	199,000,000	196,000,000	195,000,000	197,000,000	201,000,000	201,000,000	202,000,000	203,000,000	203,000,000	198,000,000	200,000,000	199,000,000	200,000,000	202,000,000	200,000,000	193,000,000	190,995,000	190,640,000	189,984,000	195,214,000	216,978,000	212,565,000	221,683,000	228,999,000	228,479,000	241,546,000	253,895,000	256,945,000	262,734,000	268,690,000	272,583,000	275,555,000	266,676,000	261,684,000	259,200,000	252,888,000	252,879,000	244,922,000	247,224,000	248,345,000	256,764,000	258,161,000	265,213,000	269,087,000	274,310,000
pension and employee benefit obligations	289,000,000	365,000,000	372,000,000	360,000,000	352,000,000	477,000,000	374,000,000	371,000,000	364,000,000	469,000,000	355,000,000	353,000,000	345,000,000	390,000,000	255,000,000	259,000,000	262,000,000	306,000,000	515,000,000	521,000,000	516,000,000	666,000,000	651,000,000	636,000,000	622,000,000	785,000,000	856,000,000	850,000,000	838,000,000	994,000,000	909,000,000	884,000,000	884,000,000	1,042,000,000	984,794,000	975,606,000	964,398,000	1,112,366,000	843,739,000	825,614,000	812,998,000	941,002,000	863,645,000	858,450,000	850,826,000	936,907,000	653,599,000	650,596,000	642,126,000	769,222,000	998,212,000	988,773,000	979,520,000	1,163,265,000	810,057,000	826,413,000	813,792,000	1,001,906,000	829,364,000	828,500,000	824,500,000	962,767,000	830,286,000
finance lease liabilities	1,298,000,000	1,262,000,000	1,272,000,000
total deferred credits and other liabilities	18,834,000,000	18,841,000,000	18,791,000,000	17,391,000,000	16,808,000,000	16,738,000,000	16,605,000,000	16,357,000,000	16,138,000,000	15,898,000,000	15,578,000,000	15,498,000,000	15,648,000,000	15,622,000,000	15,379,000,000	15,276,000,000	15,367,000,000	15,414,000,000	15,603,000,000	15,561,000,000	15,464,000,000	15,498,000,000	15,578,000,000	15,135,000,000	14,982,000,000	15,234,000,000	15,259,000,000	15,162,000,000	14,979,000,000	13,502,000,000	13,324,000,000	13,101,000,000	12,954,000,000	12,967,000,000	13,116,044,000	12,955,297,000	12,810,793,000	12,692,667,000	12,480,253,000	12,175,879,000	12,061,247,000	11,903,599,000	11,709,095,000	11,566,366,000	11,389,783,000	11,179,185,000	10,236,192,000	9,984,165,000	9,778,261,000	9,776,288,000	9,826,032,000	9,452,730,000	9,264,036,000	9,185,631,000	8,940,854,000	8,709,013,000	8,609,177,000	8,577,917,000	7,898,231,000	7,761,364,000	7,431,307,000	7,399,514,000	7,526,566,000
commitments and contingencies
capitalization
long-term debt	34,552,000,000	31,832,000,000	32,034,000,000	31,099,000,000	29,396,000,000	27,316,000,000	27,471,000,000	27,716,000,000	26,396,000,000	24,913,000,000	24,910,000,000	24,015,000,000	22,818,000,000	22,813,000,000	23,309,000,000	23,205,000,000	21,534,000,000	21,779,000,000	20,979,000,000	21,476,000,000	21,470,000,000	19,645,000,000	19,960,000,000	19,463,000,000	17,010,000,000	17,407,000,000	16,819,000,000	15,996,000,000	16,118,000,000	15,803,000,000	15,508,000,000	15,311,000,000	14,522,000,000	14,520,000,000	14,572,967,000	14,091,833,000	13,696,461,000	14,194,718,000	13,402,583,000	13,104,770,000	13,148,395,000	12,490,719,000	12,690,751,000	11,896,126,000	11,499,470,000	11,499,634,000	11,501,720,000	11,752,778,000	11,205,319,000	10,910,754,000	10,914,273,000	10,816,477,000	10,642,009,000	10,143,905,000	10,105,947,000	8,706,403,000	8,598,363,000	8,848,513,000	9,450,157,000	9,263,556,000	9,264,123,000	9,263,144,000	8,864,759,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 624,162,780 and 623,600,715 shares outstanding at march 31, 2026 and december 31, 2025, respectively	1,560,000,000
additional paid in capital	12,914,000,000	12,906,000,000	10,772,000,000	10,736,000,000	9,729,000,000	9,601,000,000	9,577,000,000	8,589,000,000	8,481,000,000	8,465,000,000	8,269,000,000	8,247,000,000	8,169,000,000	8,155,000,000	7,979,000,000	7,960,000,000	7,801,000,000	7,803,000,000	7,443,000,000	7,435,000,000	7,411,000,000	7,404,000,000	6,694,000,000	6,679,000,000	6,659,000,000	6,656,000,000	6,636,000,000	6,190,000,000	6,173,000,000	6,168,000,000	6,125,000,000	5,920,000,000	5,903,000,000	5,898,000,000	5,888,729,000	5,881,475,000	5,872,933,000	5,881,494,000	5,898,896,000	5,896,394,000	5,889,939,000	5,889,106,000	5,873,440,000	5,863,209,000	5,844,995,000	5,837,330,000	5,815,714,000	5,799,968,000	5,681,150,000	5,619,313,000	5,615,716,000	5,595,906,000	5,515,513,000	5,353,015,000	5,334,715,000	5,316,658,000	5,298,572,000	5,327,443,000	5,280,463,000	5,261,687,000	5,241,533,000	5,229,075,000
retained earnings	9,391,000,000	9,207,000,000	8,995,000,000	8,813,000,000	8,706,000,000	8,553,000,000	8,406,000,000	8,039,000,000	8,042,000,000	7,858,000,000	7,739,000,000	7,371,000,000	7,370,000,000	7,239,000,000	7,128,000,000	6,747,000,000	6,686,000,000	6,572,000,000	6,508,000,000	6,146,000,000	6,082,000,000	5,968,000,000	5,912,000,000	5,538,000,000	5,478,000,000	5,413,000,000	5,336,000,000	5,024,000,000	4,996,000,000	4,893,000,000	4,876,000,000	4,580,000,000	4,510,000,000	4,413,000,000	4,386,050,000	4,079,068,000	4,036,352,000	3,981,652,000	3,924,125,000	3,643,653,000	3,620,421,000	3,552,728,000	3,506,861,000	3,243,645,000	3,209,904,000	3,220,958,000	3,177,387,000	2,961,406,000	2,918,215,000	2,807,983,000	2,797,486,000	2,572,935,000	2,516,332,000	2,413,816,000	2,406,016,000	2,140,639,000	2,089,275,000	2,032,556,000	2,019,440,000	1,812,505,000	1,781,386,000	1,701,703,000
accumulated other comprehensive loss	-59,000,000	-63,000,000	-65,000,000	-66,000,000	-72,000,000	-68,000,000	-66,000,000	-67,000,000	-71,000,000	-94,000,000	-78,000,000	-82,000,000	-97,000,000	-93,000,000	-91,000,000	-103,000,000	-116,000,000	-123,000,000	-126,000,000	-135,000,000	-138,000,000	-141,000,000	-143,000,000	-145,000,000	-148,000,000	-141,000,000	-142,000,000	-135,000,000	-127,000,000	-124,000,000	-119,000,000	-122,000,000	-124,000,000	-125,000,000	-104,809,000	-106,795,000	-108,581,000	-110,354,000	-104,961,000	-106,795,000	-108,608,000	-109,753,000	-103,639,000	-105,186,000	-106,688,000	-108,139,000	-102,001,000	-103,366,000	-104,820,000	-106,275,000	-109,980,000	-111,835,000	-113,620,000	-112,653,000	-109,600,000	-102,006,000	-67,515,000	-94,035,000	-80,969,000	-50,983,000	-51,847,000	-53,093,000
total common stockholders’ equity	23,806,000,000	23,609,000,000	21,181,000,000	20,961,000,000	19,804,000,000	19,522,000,000	19,352,000,000	17,954,000,000	17,841,000,000	17,616,000,000	17,309,000,000	16,914,000,000	16,818,000,000	16,675,000,000	16,384,000,000	15,971,000,000	15,732,000,000	15,612,000,000	15,171,000,000	14,792,000,000	14,700,000,000	14,575,000,000	13,777,000,000	13,385,000,000	13,302,000,000	13,239,000,000	13,141,000,000	12,366,000,000	12,329,000,000	12,222,000,000	12,165,000,000	11,650,000,000	11,561,000,000	11,455,000,000	11,439,377,000	11,123,155,000	11,070,111,000	11,020,849,000	10,987,942,000	10,703,134,000	10,671,634,000	10,600,920,000	10,544,830,000	10,269,066,000	10,214,870,000	10,214,482,000	10,154,660,000	9,920,772,000	9,747,424,000	9,565,950,000	9,547,286,000	9,300,245,000	9,155,113,000	8,874,077,000		8,573,505,000	8,537,671,000	8,482,198,000				8,083,519,000
total liabilities and equity	84,828,000,000	81,371,000,000	79,154,000,000	75,337,000,000	72,749,000,000	70,035,000,000	69,286,000,000	67,927,000,000	65,585,000,000	64,079,000,000	62,870,000,000	61,658,000,000	60,945,000,000	61,188,000,000	59,975,000,000	59,317,000,000	57,985,000,000	57,851,000,000	57,517,000,000	56,779,000,000	56,511,000,000	53,957,000,000	53,708,000,000	53,456,000,000	51,133,000,000	50,448,000,000	50,240,000,000	48,584,000,000	47,850,000,000	45,987,000,000	44,835,000,000	44,240,000,000	43,159,000,000	43,030,000,000	42,468,794,000	41,860,989,000	41,285,341,000	41,155,277,000	40,324,750,000	39,490,164,000	39,069,844,000	39,053,535,000	38,029,696,000	37,268,809,000	36,878,651,000	36,957,884,000	35,363,441,000	34,717,644,000	34,198,752,000	33,907,490,000	33,126,652,000	32,266,262,000	31,587,675,000	31,140,686,000	31,057,498,000	29,820,143,000	29,453,253,000	29,497,267,000	28,537,854,000	28,003,224,000	27,466,649,000	27,387,690,000	26,301,466,000
see notes to consolidated financial statements
common stock — 1,000,000,000 shares authorized of 2.50 par value; 623,600,715 and 574,365,598 shares outstanding at dec. 31, 2025 and dec. 31, 2024, respectively		1,559,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 591,432,101 and 574,365,598 shares outstanding at sept. 30, 2025 and december 31, 2024, respectively			1,479,000,000
prepaid taxes				62,000,000	75,000,000	72,000,000	64,000,000	89,000,000	85,000,000	52,000,000	71,000,000	66,000,000	43,000,000	54,000,000	54,000,000	51,000,000	40,000,000	44,000,000	55,000,000	52,000,000	41,000,000	42,000,000	78,000,000	73,000,000	68,000,000	43,000,000	39,000,000	41,000,000	75,000,000	79,000,000	71,000,000	78,000,000	63,000,000	68,000,000	55,788,000	196,247,000	176,998,000	106,697,000	107,210,000	115,898,000	180,825,000	163,023,000	117,012,000	121,705,000	118,291,000	185,488,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 591,201,845 and 574,365,598 shares outstanding at june 30, 2025 and december 31, 2024, respectively				1,478,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 576,547,051 and 574,365,598 shares outstanding at march 31, 2025 and december 31, 2024, respectively					1,441,000,000
deferred investment tax credits						40,000,000	41,000,000	56,000,000	58,000,000	60,000,000	45,000,000	46,000,000	47,000,000	48,000,000	50,000,000	51,000,000	52,000,000	53,000,000				45,000,000	46,000,000	47,000,000	48,000,000	49,000,000	50,000,000	51,000,000	52,000,000	54,000,000	54,000,000	56,000,000	57,000,000	58,000,000	59,381,000	60,659,000	61,937,000	63,216,000	64,499,000	65,806,000	67,112,000	68,419,000	69,545,000	70,928,000	72,312,000	73,696,000	74,910,000	76,353,000	77,796,000	79,239,000	79,609,000	80,587,000	81,674,000	82,761,000	83,971,000	84,895,000	85,819,000	86,743,000	88,197,000	89,777,000	91,357,000	92,937,000	94,508,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 574,365,598 and 554,941,703 shares outstanding at dec. 31, 2024 and dec. 31, 2023, respectively						1,436,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 574,101,713 and 554,941,703 shares outstanding at sept. 30, 2024 and december 31, 2023, respectively							1,435,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 557,337,051 and 554,941,703 shares outstanding at june 30, 2024 and december 31, 2023, respectively								1,393,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 555,470,302 and 554,941,703 shares outstanding at march 31, 2024 and december 31, 2023, respectively									1,389,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 554,941,703 and 549,578,018 shares outstanding at dec. 31, 2023 and dec. 31, 2022, respectively										1,387,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 551,662,803 and 549,578,018 shares outstanding at sept. 30, 2023 and december 31, 2022, respectively											1,379,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 551,375,255 and 549,578,018 shares outstanding at june 30, 2023 and december 31, 2022, respectively												1,378,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 550,222,192 and 549,578,018 shares outstanding at march 31, 2023 and december 31, 2022, respectively													1,376,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 549,578,018 and 544,025,269 shares outstanding at dec. 31, 2022 and dec. 31, 2021, respectively														1,374,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 547,006,076 and 544,025,269 shares outstanding at sept. 30, 2022 and dec. 31, 2021, respectively															1,368,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 546,807,793 and 544,025,269 shares outstanding at june 30, 2022 and dec. 31, 2021, respectively																1,367,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 544,530,987 and 544,025,269 shares outstanding at march 31, 2022 and dec. 31, 2021, respectively																	1,361,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 544,025,269 and 537,438,394 shares outstanding at dec. 31, 2021 and dec. 31, 2020, respectively																		1,360,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 538,458,952 and 537,438,394 shares outstanding at sept. 30, 2021 and dec. 31, 2020, respectively																			1,346,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 538,305,927 and 537,438,394 shares outstanding at june 30, 2021 and dec. 31, 2020, respectively																				1,346,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 538,076,662 and 537,438,394 shares outstanding at march 31, 2021 and dec. 31, 2020, respectively																					1,345,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 537,438,394 and 524,539,000 shares outstanding at dec. 31, 2020 and dec. 31, 2019, respectively																						1,344,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 525,452,824 and 524,539,000 shares outstanding at sept. 30, 2020 and dec. 31, 2019, respectively																							1,314,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 525,204,978and 524,539,000 shares outstanding at june 30, 2020 and dec. 31, 2019, respectively																								1,313,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 525,033,594and 524,539,000 shares outstanding at march 31, 2020 and dec. 31, 2019, respectively																									1,313,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 524,539,000 and 514,036,787 shares outstanding at dec. 31, 2019 and 2018, respectively																										1,311,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 524,384,030and 514,036,787 shares outstanding at sept. 30, 2019 and dec. 31, 2018, respectively																											1,311,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 514,865,476and 514,036,787 shares outstanding at june 30, 2019 and dec. 31, 2018, respectively																												1,287,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; and 514,667,625514,036,787 shares outstanding at march 31, 2019 and dec. 31, 2018, respectively																													1,287,000,000
deposits and other																														272,000,000				278,000,000				248,532,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 514,036,787 and 507,762,881 shares outstanding at dec. 31, 2018 and 2017, respectively																														1,285,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; and 513,298,952507,762,881 shares outstanding at sept. 30, 2018 and dec. 31, 2017, respectively																															1,283,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 508,898,420 and 507,762,881 shares outstanding at june 30, 2018 and dec. 31, 2017, respectively																																1,272,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 508,661,859 and 507,762,881 shares outstanding at march 31, 2018 and dec. 31, 2017, respectively																																	1,272,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,762,881 and 507,222,795 shares outstanding at dec. 31, 2017 and 2016, respectively																																		1,269,000,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,762,881 and 507,222,795 shares outstanding at sept. 30, 2017 and dec. 31, 2016, respectively																																			1,269,407,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,762,881 and 507,222,795 shares outstanding at june 30, 2017 and dec. 31, 2016, respectively																																				1,269,407,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,762,881 and 507,222,795 shares outstanding at march 31, 2017 and dec. 31, 2016, respectively																																					1,269,407,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,222,795 and 507,535,523 shares outstanding at dec. 31, 2016 and 2015, respectively																																						1,268,057,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,952,795 and 507,535,523 shares outstanding at sept. 30, 2016 and dec. 31, 2015, respectively																																							1,269,882,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,952,795 and 507,535,523 shares outstanding at june 30, 2016 and dec. 31, 2015, respectively																																								1,269,882,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,952,795 and 507,535,523 shares outstanding at march 31, 2016 and dec. 31, 2015, respectively																																									1,269,882,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,535,523 and 505,733,267 shares outstanding at dec. 31, 2015 and 2014, respectively																																										1,268,839,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 507,267,264 and 505,733,267 shares outstanding at sept. 30, 2015 and dec. 31, 2014, respectively																																											1,268,168,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 506,959,395 and 505,733,267 shares outstanding at june 30, 2015 and dec. 31, 2014, respectively																																												1,267,398,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 506,663,770 and 505,733,267 shares outstanding at march 31, 2015 and dec. 31, 2014, respectively																																													1,266,659,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 505,733,267 and 497,971,508 shares outstanding at dec. 31, 2014 and 2013, respectively																																														1,264,333,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 505,424,067 and 497,971,508 shares outstanding at sept. 30, 2014 and dec. 31, 2013, respectively																																															1,263,560,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 505,105,562 and 497,971,508 shares outstanding at june 30, 2014 and dec. 31, 2013, respectively																																																1,262,764,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 501,151,619 and 497,971,508 shares outstanding at march 31, 2014 and dec. 31, 2013, respectively																																																	1,252,879,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 497,971,508 and 487,959,516 shares outstanding at dec. 31, 2013 and 2012, respectively																																																		1,244,929,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 497,625,709 and 487,959,516 shares outstanding at sept. 30, 2013 and dec. 31, 2012, respectively																																																			1,244,064,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 497,295,719 and 487,959,516 shares outstanding at june 30, 2013 and dec. 31, 2012, respectively																																																				1,243,239,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 494,755,061 and 487,959,516 shares outstanding at march 31, 2013 and dec. 31, 2012, respectively																																																					1,236,888,000
restricted cash																																																								328,000	9,055,000	95,287,000	100,007,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 487,959,516 and
486,493,933 shares outstanding at dec. 31, 2012 and dec. 31, 2011, respectively																																																						1,219,899,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 487,612,881 and 486,493,933 shares outstanding at sept. 30, 2012 and dec. 31, 2011, respectively																																																							1,219,032,000
total common stockholders' equity																																																							8,850,163,000				8,431,303,000	8,234,565,000	8,181,483,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 487,285,506 and 486,493,933 shares outstanding at june 30, 2012 and dec. 31, 2011, respectively																																																								1,218,214,000
common stock — 1,000,000,000 shares authorized of 2.50 par value; 486,935,997 and 486,493,933 shares outstanding at march 31, 2012 and dec. 31, 2011, respectively																																																									1,217,339,000
preferred stock — 7,000,000 shares authorized of 100 par value; no shares and 1,049,800 shares outstanding at dec. 31, 2011 and dec. 31, 2010, respectively
common stock — 1,000,000,000 shares authorized of 2.50 par value; 486,493,933 and 482,333,750 shares outstanding at dec. 31, 2011 and dec. 31, 2010, respectively																																																										1,216,234,000
commitments and contingent liabilities
preferred stockholders' equity																																																											104,980,000	104,980,000	104,980,000
common stock – 2.50 par value per share																																																											1,212,369,000	1,211,356,000	1,210,411,000
merricourt deposit																																																													101,261,000
preferred stockholders’ equity																																																														104,980,000
common stock — 2.50 par value per share																																																														1,205,834,000
recoverable purchased natural gas and electric energy costs																																																															27,974,000
derivative instruments valuation																																																															65,573,000
current assets related to discontinued operations																																																															96,449,000
noncurrent assets related to discontinued operations																																																															134,847,000
current liabilities related to discontinued operations																																																															9,185,000
noncurrent liabilities related to discontinued operations																																																															3,760,000
preferred stockholders’ equity – authorized 7,000,000 shares of 100 par value; outstanding shares: 1,049,800																																																															104,980,000
common stockholders’ equity – authorized 1,000,000,000 shares of 2.50 par value; outstanding shares: sept. 30, 2010 – 460,104,538; dec. 31, 2009 – 457,509,263																																																															7,605,677,000

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31

operating activities
net income	556,000,000	567,000,000	524,000,000	444,000,000	483,000,000	464,000,000	682,000,000	302,000,000	488,000,000	409,000,000	656,000,000	288,000,000	418,000,000	379,000,000	649,000,000	328,000,000	380,000,000	315,000,000	609,000,000	311,000,000	362,000,000	288,000,000	603,000,000	287,000,000	295,000,000	292,000,000	527,000,000	238,000,000	315,000,000	214,000,000	491,000,000	265,000,000	291,000,000	189,326,000	492,141,000	227,256,000	239,277,000	227,477,000	457,795,000	196,795,000	241,312,000	209,025,000	426,463,000	196,931,000	152,066,000	196,339,000	368,582,000	195,164,000	261,221,000	150,055,000	364,752,000	196,857,000	236,570,000	140,170,000	398,106,000	183,060,000	183,893,000	140,509,000	338,332,000	158,762,000	203,569,000	136,634,000
adjustments to reconcile net income to cash from operating activities:
depreciation and amortization	767,000,000	752,000,000	755,000,000	727,000,000	734,000,000	714,000,000	685,000,000	706,000,000	664,000,000	647,000,000	622,000,000	571,000,000	631,000,000	615,000,000	611,000,000	643,000,000	567,000,000	546,000,000	554,000,000	526,000,000	517,000,000	500,000,000	517,000,000	476,000,000	466,000,000	453,000,000	451,000,000	443,000,000	438,000,000	446,000,000	444,000,000	382,000,000	387,000,000	381,582,000	375,138,000	369,400,000	368,880,000	336,070,000	332,346,000	326,575,000	323,761,000	301,606,000	284,940,000	279,032,000	277,388,000	266,809,000	259,792,000	259,571,000	250,343,000	261,220,000	232,965,000	254,654,000	253,004,000	236,072,000	243,513,000	231,020,000	233,097,000	198,917,000	246,923,000	233,796,000	229,217,000	224,097,000
nuclear fuel amortization	27,000,000	27,000,000	32,000,000	26,000,000	29,000,000	21,000,000	32,000,000	33,000,000	20,000,000	12,000,000	31,000,000	24,000,000	29,000,000	27,000,000	30,000,000	31,000,000	30,000,000	28,000,000	30,000,000	26,000,000	30,000,000	29,000,000	29,000,000	32,000,000	33,000,000	30,000,000	31,000,000	27,000,000	31,000,000	30,000,000	30,000,000	31,000,000	31,000,000	26,346,000	30,651,000	26,151,000	30,852,000	27,507,000	31,208,000	32,517,000	25,750,000	23,797,000	33,173,000	20,989,000	28,465,000	22,264,000	31,812,000	31,604,000	28,862,000	21,642,000	26,962,000	21,963,000	27,522,000	23,480,000	29,406,000	23,765,000	26,000,000	25,610,000	31,560,000	18,181,000	25,551,000	27,219,000
deferred income taxes	-5,000,000	19,000,000	113,000,000	269,000,000	13,000,000	-181,000,000	121,000,000	131,000,000	154,000,000	114,000,000	19,000,000	-119,000,000	-73,000,000	-55,000,000	50,000,000	-80,000,000	-55,000,000	-70,000,000	58,000,000	-44,000,000	-23,000,000	-53,000,000			34,000,000	13,000,000	83,000,000	21,000,000	26,000,000	34,000,000	74,000,000	51,000,000	59,000,000	138,987,000	191,774,000	115,499,000	193,740,000	107,550,000	226,211,000	92,510,000	160,379,000	106,777,000	237,927,000	108,391,000	82,773,000	136,154,000	196,745,000	86,015,000	150,464,000	105,400,000	173,978,000	105,022,000	130,662,000	67,681,000	162,055,000	110,932,000	167,426,000	77,212,000	191,718,000	82,785,000	114,852,000	114,888,000
allowance for equity funds used during construction	-92,000,000	-85,000,000	-79,000,000	-69,000,000	-48,000,000	-49,000,000	-44,000,000	-38,000,000	-37,000,000	-28,000,000	-26,000,000	-18,000,000	-19,000,000	-22,000,000	-20,000,000	-20,000,000	-13,000,000	-20,000,000	-21,000,000	-18,000,000	-14,000,000	-24,000,000	-30,000,000	-38,000,000	-23,000,000	-22,000,000	-15,000,000	-20,000,000	-20,000,000	-29,000,000	-30,000,000	-26,000,000	-23,000,000	-20,818,000	-23,483,000	-16,386,000	-14,313,000	-15,505,000	-17,199,000	-14,730,000	-13,113,000	-15,208,000	-15,427,000	-12,641,000	-12,660,000	-20,898,000	-23,337,000	-23,608,000	-21,907,000	-24,536,000	-21,284,000	-22,109,000	-19,754,000	-18,336,000	-15,860,000	-15,194,000	-13,450,000	-12,533,000	-11,840,000	-13,606,000	-13,244,000	-16,402,000
(earnings) loss from equity method investments	-13,000,000
dividends from equity method investments	7,000,000	16,000,000	0	8,000,000	8,000,000	8,000,000	8,000,000	9,000,000	9,000,000	9,000,000	8,000,000	9,000,000	9,000,000	7,000,000	10,000,000	10,000,000	10,000,000	11,000,000	10,000,000
provision for bad debts	13,000,000	14,000,000	16,000,000	12,000,000	19,000,000	0	19,000,000	11,000,000	17,000,000	21,000,000	22,000,000	13,000,000	23,000,000	32,000,000	11,000,000	13,000,000	17,000,000	7,000,000	26,000,000	13,000,000	14,000,000	21,000,000	13,000,000
share-based compensation expense	11,000,000	8,000,000	17,000,000	12,000,000	9,000,000	6,000,000	10,000,000	11,000,000	6,000,000	8,000,000	5,000,000	3,000,000	9,000,000	1,000,000	5,000,000	10,000,000	4,000,000	11,000,000	-1,000,000	12,000,000	9,000,000	13,000,000	19,000,000	15,000,000	26,000,000	11,000,000	12,000,000	16,000,000	19,000,000	20,000,000	15,000,000	4,000,000	6,000,000	12,761,000	12,347,000	13,939,000	17,953,000	11,298,000	5,418,000	11,355,000	13,099,000	15,163,000	8,345,000	11,195,000	10,225,000	15,653,000	5,546,000	5,620,000	5,370,000	-3,749,000	9,615,000	10,580,000	8,167,000	6,084,000	3,637,000	13,366,000	3,883,000	13,063,000	11,644,000	10,404,000	9,895,000	8,535,000
changes in operating assets and liabilities:
accounts receivable	-30,000,000	-97,000,000	-117,000,000	143,000,000	-58,000,000	-62,000,000	-67,000,000	70,000,000	78,000,000	-122,000,000	-130,000,000	175,000,000	50,000,000	-208,000,000	-124,000,000	94,000,000	-191,000,000	-12,000,000	-89,000,000	-6,000,000	-57,000,000	-46,000,000	-127,000,000	12,000,000	7,000,000	-59,000,000	-83,000,000	236,000,000	-114,000,000	-57,000,000	-37,000,000	60,000,000	-71,000,000	-28,663,000	-48,243,000	21,865,000	-4,959,000	-53,585,000	-64,627,000	39,822,000	-4,780,000	-19,450,000	-65,007,000	150,574,000	-291,000	-109,066,000	-17,486,000	142,368,000	-140,962,000	-423,000	-29,548,000	-6,735,000	-72,205,000	-71,433,000	-124,875,000	51,715,000	-52,643,000	-46,052,000	-72,563,000	85,861,000	-46,947,000	-61,419,000
accrued unbilled revenues	134,000,000	-114,000,000	56,000,000	-53,000,000	63,000,000	-41,000,000	56,000,000	-67,000,000	73,000,000	-123,000,000	11,000,000	35,000,000	329,000,000	-312,000,000	-1,000,000	-76,000,000	146,000,000	-207,000,000	44,000,000	-109,000,000	123,000,000	-127,000,000	27,000,000	-52,000,000	149,000,000	-90,000,000	17,000,000	23,000,000	92,000,000	-105,000,000	-1,000,000	-44,000,000	159,000,000	-138,175,000	-17,158,000	-53,054,000	174,387,000	-161,980,000	21,856,000	-64,285,000	129,444,000	-108,800,000	36,644,000	-38,193,000	183,974,000	-153,668,000	34,849,000	-33,860,000	111,417,000	-111,519,000	50,583,000	-39,533,000	76,602,000	-141,480,000	27,845,000	-58,318,000	197,330,000	-135,903,000	38,018,000	-40,160,000	157,996,000	-174,411,000
inventories	2,000,000	-98,000,000	-105,000,000	-93,000,000	-4,000,000	-69,000,000	-69,000,000	-52,000,000	50,000,000	-171,000,000	-27,000,000	-89,000,000	189,000,000	69,000,000	-228,000,000	-151,000,000	107,000,000	-44,000,000	-89,000,000	-32,000,000	39,000,000	-43,000,000	-52,000,000	-18,000,000	33,000,000	-24,000,000	-85,000,000	-59,000,000	84,000,000	-102,000,000	-64,000,000	-17,000,000	118,000,000	6,158,000	-74,591,000	-22,922,000	88,355,000	7,552,000	-88,083,000	-6,690,000	88,570,000	36,419,000	-112,220,000	-27,449,000	92,010,000	37,119,000	-132,945,000	-65,033,000	140,301,000	26,330,000	-110,602,000	-47,181,000	87,865,000	27,147,000	-89,584,000	1,222,000	143,873,000	-10,225,000	-123,235,000	-42,567,000	118,595,000	34,759,000
other current assets	415,000,000	-264,000,000	53,000,000	107,000,000	-18,000,000	-152,000,000	66,000,000	12,000,000	-65,000,000	-18,000,000	65,000,000	31,000,000	8,000,000	-71,000,000	-13,000,000	36,000,000	-10,000,000	-42,000,000	-16,000,000	16,000,000	8,000,000	23,000,000	-75,000,000	38,000,000	-31,000,000	22,000,000	-16,000,000	52,000,000	-33,000,000	-34,000,000	13,000,000	38,000,000	1,000,000	-55,208,000	148,232,000	-7,266,000	-76,758,000	-19,051,000	11,073,000	86,128,000	-16,635,000	-63,172,000	3,365,000	12,395,000	56,685,000	-85,399,000	6,256,000	34,163,000	-66,320,000	-24,131,000	-23,640,000	80,903,000	-51,203,000	-418,000	31,002,000	10,256,000	-71,547,000	2,242,000	7,819,000	8,846,000	43,551,000	-7,174,000
accounts payable	-191,000,000	35,000,000	69,000,000	-49,000,000	-105,000,000	79,000,000	-46,000,000	118,000,000	-114,000,000	77,000,000	217,000,000	-84,000,000	-359,000,000	43,000,000	15,000,000	171,000,000	-34,000,000	77,000,000	76,000,000	6,000,000	-21,000,000	64,000,000	63,000,000	41,000,000	-201,000,000	44,000,000	101,000,000	-161,000,000	4,000,000	53,000,000	38,000,000	41,000,000	-42,000,000	110,759,000	-15,410,000	69,041,000	-121,390,000	67,218,000	22,721,000	49,868,000	-22,063,000	-3,865,000	15,895,000	-33,003,000	-99,029,000	102,546,000	-8,054,000	-110,004,000	-37,730,000	135,738,000	-4,922,000	-3,686,000	5,311,000	17,949,000	58,800,000	25,573,000	-202,649,000	96,429,000	-114,797,000	104,540,000	-72,424,000	94,095,000
net regulatory assets and liabilities	87,000,000	-76,000,000	-63,000,000	-75,000,000	25,000,000	154,000,000	132,000,000	69,000,000	81,000,000	140,000,000	202,000,000	224,000,000	345,000,000	331,000,000	26,000,000	-2,000,000	215,000,000	24,000,000	-203,000,000	167,000,000	-961,000,000	-5,000,000	-151,000,000	-89,000,000	101,000,000	-60,000,000	-31,000,000	-128,000,000	153,000,000	59,000,000	21,000,000	-4,000,000	147,000,000	10,556,000	-28,054,000	-16,365,000	17,863,000	-23,289,000	-30,353,000	-140,000	34,404,000	-13,603,000	-13,527,000	-16,502,000	146,097,000	33,689,000	98,459,000	63,928,000	-253,000	40,677,000	23,955,000	-11,879,000	88,572,000	4,018,000	-11,064,000	-48,960,000	61,872,000	14,944,000	176,226,000	-59,741,000	17,853,000	-20,262,000
other current liabilities	110,000,000	-376,000,000	492,000,000	-319,000,000	29,000,000	-79,000,000	201,000,000	-259,000,000	-180,000,000	17,000,000	257,000,000	-137,000,000	63,000,000	51,000,000	185,000,000	-185,000,000	51,000,000	21,000,000	243,000,000	-278,000,000	13,000,000	83,000,000	187,000,000	-164,000,000	-77,000,000	85,000,000	95,000,000	-159,000,000	-36,000,000	97,000,000	89,000,000	-230,000,000	-17,000,000	73,512,000	78,672,000	-147,914,000	-42,270,000	96,260,000	88,065,000	-119,147,000	-44,929,000	5,841,000	152,401,000	-126,750,000	34,642,000	122,464,000	144,664,000	-130,989,000	1,008,000	-3,429,000	213,320,000	-103,654,000	20,318,000	78,197,000	82,370,000	-135,364,000	17,711,000	106,384,000	84,079,000	-83,601,000	5,491,000	39,308,000
pension and other employee benefit obligations	-77,000,000	2,000,000	13,000,000	9,000,000	-124,000,000	5,000,000	4,000,000	5,000,000	-103,000,000	52,000,000	2,000,000	8,000,000	-45,000,000	10,000,000	-27,000,000	-1,000,000	-31,000,000	-4,000,000	-3,000,000	4,000,000	-132,000,000	13,000,000	8,000,000	11,000,000	-157,000,000	3,000,000	1,000,000	6,000,000	-145,000,000	-45,000,000	8,000,000	4,000,000	-146,000,000	1,455,000	6,024,000	8,086,000	-148,565,000	5,643,000	12,212,000	10,212,000	-118,774,000	12,757,000	-3,332,000	6,788,000	-85,469,000	10,006,000	3,992,000	10,325,000	-125,780,000	3,223,000	10,570,000	10,929,000	-181,091,000	-2,641,000	-12,383,000	11,132,000	-180,030,000	-14,179,000	-4,646,000	2,112,000	-134,004,000
other	-24,000,000	-101,000,000	-5,000,000	-26,000,000	-28,000,000	-154,000,000	-50,000,000	137,000,000	-83,000,000	-62,000,000	-29,000,000	-7,000,000	-59,000,000	-123,000,000			-38,000,000	41,000,000	-125,000,000	41,000,000	-40,000,000	-34,000,000	-49,000,000	-68,000,000	14,000,000	-79,000,000	135,000,000	6,000,000	-22,000,000	-55,000,000	-10,000,000	-5,000,000	-1,000,000	-423,000	-136,000			-623,000	122,000	0	-388,000	-650,000	731,000	1,238,000	-2,645,000	-2,585,000	458,000	-67,000	-1,501,000	-3,242,000	172,000	1,049,000	-2,745,000	-3,109,000	367,000	1,280,000	-1,304,000
net cash from operating activities	1,697,000,000	209,000,000	1,765,000,000	1,081,000,000	1,028,000,000	664,000,000	1,737,000,000	1,190,000,000	1,050,000,000	974,000,000	1,898,000,000	918,000,000	1,537,000,000	765,000,000	1,179,000,000	848,000,000	1,140,000,000	610,000,000	1,090,000,000	625,000,000	-136,000,000	674,000,000	1,026,000,000	479,000,000	669,000,000	706,000,000	1,223,000,000	541,000,000	793,000,000	629,000,000	1,056,000,000	550,000,000	887,000,000	758,820,000	1,075,361,000	573,664,000	718,155,000	639,445,000	1,000,315,000	622,476,000	790,063,000	535,917,000	980,877,000	523,651,000	985,394,000	643,851,000	964,830,000	446,862,000	592,649,000	581,128,000	928,683,000	431,897,000	642,328,000	432,835,000	706,625,000	387,813,000	477,483,000	481,404,000	801,002,000	463,673,000	659,443,000	372,213,000
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	1,697,000,000	209,000,000	1,765,000,000	1,081,000,000	1,028,000,000	664,000,000	1,737,000,000	1,190,000,000	1,050,000,000	974,000,000	1,898,000,000	918,000,000	1,537,000,000	765,000,000	1,179,000,000	848,000,000	1,140,000,000	610,000,000	1,090,000,000	625,000,000	-136,000,000	674,000,000	1,026,000,000	479,000,000	669,000,000	706,000,000	1,223,000,000	541,000,000	793,000,000	629,000,000	1,056,000,000	550,000,000	887,000,000	758,820,000	1,075,361,000	573,664,000	718,155,000	639,445,000	1,000,315,000	622,476,000	790,063,000	535,917,000	980,877,000	523,651,000	985,394,000	643,851,000	964,830,000	446,862,000	592,649,000	581,128,000	928,683,000	431,897,000	642,328,000	432,835,000	706,625,000	387,813,000	477,483,000	481,404,000	801,002,000	463,673,000	659,443,000	372,213,000
investing activities
capital/construction expenditures	-3,022,000,000	-3,438,000,000	-3,055,000,000	-2,427,000,000	-1,988,000,000	-2,217,000,000	-1,779,000,000	-1,831,000,000	-1,537,000,000	-1,614,000,000	-1,641,000,000	-1,334,000,000	-1,265,000,000	-1,313,000,000	-1,285,000,000	-1,098,000,000	-942,000,000	-1,212,000,000	-1,065,000,000	-943,000,000	-1,024,000,000	-1,688,000,000	-1,112,000,000	-962,000,000	-1,607,000,000
purchase of investment securities	-763,000,000	-346,000,000	-283,000,000	-330,000,000	-241,000,000	-305,000,000	-224,000,000	-280,000,000	-189,000,000	-290,000,000	-288,000,000	-180,000,000	-236,000,000	-277,000,000	-268,000,000	-631,000,000	-156,000,000	-217,000,000	88,000,000	-429,000,000	-199,000,000	-123,000,000
proceeds from the sale of investment securities	763,000,000	346,000,000	281,000,000	330,000,000	240,000,000	295,000,000	216,000,000	271,000,000	179,000,000	281,000,000	279,000,000	171,000,000	228,000,000	268,000,000	260,000,000	622,000,000	147,000,000	212,000,000	121,000,000	216,000,000	194,000,000	118,000,000	110,000,000	320,000,000	830,000,000	513,000,000	-16,000,000	178,000,000	300,000,000	354,000,000	122,000,000	178,000,000	179,000,000	720,442,000	598,110,000	182,803,000	167,645,000	151,488,000	65,057,000
net cash from investing activities	-3,019,000,000	-3,477,000,000	-3,062,000,000	-2,439,000,000	-1,991,000,000	-2,231,000,000	-1,794,000,000	-1,847,000,000	-1,556,000,000	-1,634,000,000	-1,653,000,000	-1,355,000,000	-1,284,000,000	-1,332,000,000	-1,266,000,000	-1,103,000,000	-952,000,000	-1,222,000,000	-863,000,000	-1,167,000,000	-1,035,000,000	-1,719,000,000	-441,000,000	-974,000,000	-1,606,000,000	-1,214,000,000	-1,421,000,000	-856,000,000	-852,000,000	-1,280,000,000	-841,000,000	-993,000,000	-872,000,000	-1,057,400,000	-764,522,000	-726,339,000	-747,739,000	-1,055,156,000	-762,937,000	-749,213,000	-694,107,000	-1,483,526,000	-708,225,000	-692,634,000	-738,389,000	-882,495,000	-703,531,000	-730,455,000	-800,770,000	-902,590,000	-798,817,000	-798,713,000	-713,264,000	-723,346,000	-653,234,000	-557,350,000	-399,012,000	-586,846,000	-571,072,000	-465,535,000	-624,348,000	-1,285,766,000
financing activities
(repayments) proceeds from short-term borrowings	-70,000,000
proceeds from issuances of long-term debt	3,259,000,000	880,000,000	990,000,000	1,816,000,000	2,077,000,000	4,000,000	-1,000,000	2,166,000,000	1,478,000,000	-1,000,000	890,000,000			0	98,000,000			790,000,000	99,000,000	0	1,821,000,000	0	493,000,000				1,118,000,000	427,000,000	392,000,000		195,000,000
proceeds from issuance of common stock	1,000,000	2,198,000,000	8,000,000	1,021,000,000	122,000,000	8,000,000	1,008,000,000	93,000,000	8,000,000	187,000,000	8,000,000	69,000,000	6,000,000	166,000,000	5,000,000			353,000,000				722,000,000				1,000,000				27,000,000												1,713,000	1,889,000	1,998,000	1,411,000	2,159,000	2,066,000	113,025,000	63,548,000	2,347,000	2,307,000	67,029,000	160,084,000	2,172,000	2,180,000	2,100,000	1,598,000	32,527,000	2,375,000	1,911,000	1,878,000	451,389,000
dividends paid	-347,000,000	-328,000,000	-329,000,000	-319,000,000	-306,000,000	-304,000,000	-296,000,000	-295,000,000	-280,000,000	-278,000,000	-278,000,000	-277,000,000	-259,000,000	-258,000,000	-257,000,000	-257,000,000	-240,000,000	-237,000,000	-238,000,000	-237,000,000	-223,000,000	-218,000,000	-217,000,000	-217,000,000	-204,000,000	-204,000,000	-200,000,000	-200,000,000	-187,000,000	-186,000,000	-185,000,000	-184,000,000	-175,000,000	-182,955,000	-182,795,000	-182,794,000	-172,456,000	-172,704,000	-172,704,000	-172,703,000	-162,410,000	-154,357,000	-154,195,000	-153,997,000	-144,025,000	-143,825,000	-143,225,000	-142,328,000	-132,033,000	-131,894,000	-131,756,000	-125,966,000	-124,426,000	-124,189,000	-124,058,000	-119,348,000	-119,162,000	-123,390,000	-119,655,000	-116,094,000	-115,621,000	-109,923,000
net cash from financing activities	2,808,000,000	2,490,000,000	895,000,000	1,689,000,000	1,907,000,000	201,000,000	4,000,000	1,754,000,000	878,000,000	195,000,000	74,000,000	598,000,000	-250,000,000	561,000,000	-131,000,000	500,000,000	-264,000,000	147,000,000	-134,000,000	41,000,000	2,081,000,000	289,000,000	-1,334,000,000	1,885,000,000	933,000,000	-108,000,000	709,000,000	574,000,000	6,000,000	585,000,000	-334,000,000	659,000,000	18,000,000	213,215,000	-204,380,000	140,072,000	19,093,000	146,802,000	39,296,000	101,957,000	-79,405,000	628,140,000	-3,840,000	171,536,000	-193,569,000	180,384,000	-222,971,000	250,820,000	233,290,000	326,772,000	-86,853,000	312,677,000	101,573,000	-374,439,000	630,352,000	133,325,000	-39,413,000	-28,029,000	-137,378,000	9,127,000	-49,194,000	802,973,000
net change in cash, cash equivalents and restricted cash	1,486,000,000		-402,000,000	331,000,000	944,000,000		-53,000,000	1,097,000,000	372,000,000		319,000,000	161,000,000	3,000,000		-218,000,000	245,000,000	-76,000,000		93,000,000	-501,000,000	910,000,000			1,390,000,000	-4,000,000
cash, cash equivalents and restricted cash at beginning of period	274,000,000	0	0	0	179,000,000	0	0	0	129,000,000	0	0	0	111,000,000	0	0	0	166,000,000	0	0	0	129,000,000			0	248,000,000
cash, cash equivalents and restricted cash at end of period	1,760,000,000	-778,000,000	-402,000,000	331,000,000	1,123,000,000	-1,366,000,000	-53,000,000	1,097,000,000	501,000,000	-465,000,000	319,000,000	161,000,000	114,000,000	-6,000,000	-218,000,000	245,000,000	90,000,000	-465,000,000	93,000,000	-501,000,000	1,039,000,000			1,390,000,000	244,000,000
supplemental disclosure of cash flow information:
cash paid for interest	-283,000,000	-430,000,000	-249,000,000	-331,000,000	-252,000,000	-338,000,000	-276,000,000	-287,000,000	-230,000,000	-293,000,000	-191,000,000	-252,000,000	-209,000,000	-259,000,000	-203,000,000	-223,000,000	-202,000,000	-196,000,000	-202,000,000	-184,000,000	-206,000,000	-176,000,000	-218,000,000	-157,000,000	-207,000,000	-154,000,000	-200,000,000	-154,000,000	-190,000,000	-142,000,000	-178,000,000	-132,000,000	-181,000,000	-127,426,000	-187,224,000	-126,969,000	-174,381,000	-130,694,000	-167,348,000	-129,443,000	-164,511,000	-117,982,000	-158,038,000	-105,123,000	-161,717,000	-105,416,000	-155,725,000	-98,939,000	-152,522,000	-103,781,000	-153,006,000	-104,626,000	-153,498,000	-127,221,000	-155,030,000	-124,991,000	-156,275,000
supplemental disclosure of non-cash investing and financing transactions:
accrued property, plant and equipment additions	1,315,000,000	-80,000,000	169,000,000	190,000,000	891,000,000	223,000,000	221,000,000	68,000,000	452,000,000	144,000,000	-88,000,000	48,000,000	449,000,000	233,000,000	-8,000,000	113,000,000	288,000,000	25,000,000	-33,000,000	97,000,000	412,000,000	-533,000,000	497,000,000	152,000,000	284,000,000	1,000,000	116,000,000	66,000,000	238,000,000
inventory transfers to property, plant and equipment	59,000,000	60,000,000	71,000,000	156,000,000	61,000,000	41,000,000	53,000,000	65,000,000	99,000,000	155,000,000	-36,000,000	44,000,000	34,000,000	44,000,000	4,000,000	10,000,000	20,000,000	0	44,000,000	21,000,000	22,000,000	25,000,000	56,000,000	161,000,000	33,000,000		24,000,000	22,000,000	18,000,000
operating lease and finance lease right-of-use assets	48,000,000
issuance of common stock for reinvested dividends and/or equity awards	18,000,000	17,000,000	24,000,000	21,000,000	18,000,000	15,000,000	18,000,000	20,000,000	15,000,000	18,000,000	14,000,000	11,000,000	21,000,000	17,000,000	13,000,000	16,000,000	11,000,000	34,000,000
see notes to consolidated financial statements
earnings from equity method investments						0	-3,000,000	-8,000,000	-8,000,000	-8,000,000	-7,000,000	-9,000,000	-11,000,000	-9,000,000	-1,000,000	-11,000,000	-15,000,000	-15,000,000	-13,000,000
proceeds (repayments) of short-term borrowings
repayments of long-term debt		-490,000,000	-291,000,000			-106,000,000	0																													-250,180,000	-217,000	-455,734,000	-191,000	-579,643,000	-333,000	-238,000	-250,190,000	1,000	-455,000
net change in cash and cash equivalents																						-756,000,000					511,000,000	259,000,000	-53,000,000	-66,000,000	-119,000,000	216,000,000	33,000,000	-85,365,000	106,459,000	-12,603,000	-10,491,000	-268,909,000	276,674,000	-24,780,000	16,551,000	-319,469,000	268,812,000	2,553,000	53,436,000	-58,260,000	38,328,000	-32,773,000	25,169,000	5,310,000	43,013,000	-54,139,000	30,637,000	-664,950,000	683,743,000	-36,212,000	39,058,000
operating and finance lease right-of-use assets
loss (earnings) from equity method investments			-6,000,000	8,000,000	1,000,000
proceeds (repayments) from short-term borrowings
cash received for income taxes, net; includes proceeds from tax credit transfers			103,000,000	344,000,000	64,000,000	104,000,000	133,000,000	220,000,000	131,000,000
proceeds from short-term borrowings																				268,000,000	893,000,000		-910,000,000	-355,000,000	1,170,000,000				214,000,000				211,000,000																							142,000,000	120,000,000				65,100,000
operating lease right-of-use assets				104,000,000	55,000,000	95,000,000	3,000,000			165,000,000	23,000,000	3,000,000	47,000,000	124,000,000	2,000,000			4,000,000	3,000,000			8,000,000	353,000,000			125,000,000	-125,000,000	184,000,000	1,659,000,000
proceeds from (repayments of) short-term borrowings					24,000,000								266,000,000				-9,000,000	-742,000,000																300,000,000	-270,000,000	179,000,000	213,000,000											12,800,000	6,000,000					298,000,000
repayments of short-term borrowings						600,000,000			-322,000,000		-544,000,000																												-81,000,000	264,000,000	-663,000,000
repayments of long-term debt, including reacquisition premiums											-1,000,000	-400,000,000	-250,000,000		0			-18,000,000	0	1,000,000	-400,000,000	-300,000,000				-550,000,000	1,000,000	0	-400,000,000	-151,000,000	-300,000,000			99,000												-240,000	-224,000	-275,260,000	-224,000	2,413,000	-3,348,000	-400,149,000	-251,367,000	-649,231,000	-651,077,000	-1,697,000	-758,000
(repayments of) proceeds from short-term borrowings														655,000,000	22,000,000																-244,000,000													-518,000,000	-50,500,000						-52,000,000	-71,000,000	-177,000,000
cash received for income taxes																					-3,000,000	29,000,000	-7,000,000			0	-1,000,000			31,000,000				1,949,000	45,904,000				-100,000	53,931,000	7,414,000		-966,000	-4,099,000	62,697,000		-246,000	-4,540,000	-164,000		3,170,000				-382,000	-4,702,000	-1,173,000		-1,426,000	-4,058,000	59,051,000
cash paid for income taxes											-19,000,000	-48,000,000	-1,000,000		-7,000,000				-1,000,000
sale of mec																						0
net realized and unrealized hedging and derivative transactions																																		2,062,000	-279,000	-3,960,000	4,177,000	4,632,000	-596,000	-1,673,000	5,576,000	3,111,000	5,358,000	672,000	12,778,000	6,860,000	1,049,000	-9,787,000	7,384,000	7,307,000	-9,257,000	-2,971,000	217,000	4,815,000					-2,265,000	2,307,000	14,495,000	25,584,000
issuance of common stock for equity awards																				16,000,000	19,000,000	16,000,000	16,000,000	17,000,000	18,000,000		14,000,000	15,000,000	17,000,000		17,000,000	15,000,000	20,000,000		4,889,000
(a) as of june 30, 2020, 9 million of cash was recorded in prepayments and other current assets related to mec.
equity earnings of unconsolidated subsidiaries																					-14,000,000	-11,000,000	-12,000,000	-6,000,000	-11,000,000	-10,000,000	-10,000,000	-10,000,000	-9,000,000	-10,000,000	-9,000,000	-10,000,000	-6,000,000	-7,504,000	-7,080,000	-7,541,000	-7,875,000	-9,623,000	-9,701,000	-9,617,000	-13,182,000	-10,030,000	-8,162,000	-8,422,000	-7,776,000	-7,501,000	-7,401,000	-7,811,000	-7,438,000	-7,641,000	-7,273,000	-7,529,000	-7,577,000	-7,821,000	-7,490,000	-7,502,000	-7,158,000	-7,714,000	-7,423,000	-7,677,000	-7,713,000	-7,515,000
dividends from unconsolidated subsidiaries																					11,000,000	10,000,000	11,000,000	10,000,000	11,000,000	10,000,000	10,000,000	10,000,000	10,000,000	10,000,000	9,000,000	9,000,000	9,000,000	8,684,000	8,809,000	11,753,000	11,754,000	11,668,000	11,592,000	11,429,000	11,481,000	10,694,000	9,680,000	9,878,000	9,876,000	9,577,000	9,016,000	9,264,000	8,850,000	8,913,000	8,820,000	9,144,000	9,539,000	8,548,000	16,894,000	0	8,028,000	8,553,000	8,550,000	8,477,000	8,454,000	8,717,000
cash and cash equivalents at beginning of period																						0					0	0	147,000,000	0	0	0	83,000,000	524,000	0	0	84,476,000	0	0	0	84,940,000	0	0	0	79,608,000	0	0	0	107,144,000	0	0	0	82,323,000	0	0	0	60,684,000	0	0	0	108,437,000	7,859,000
cash and cash equivalents at end of period																						-756,000,000					511,000,000	259,000,000	94,000,000	-66,000,000	-119,000,000	216,000,000	116,000,000	-84,841,000	106,459,000	-12,603,000	73,985,000	-268,909,000	276,674,000	-24,780,000	101,491,000	-319,469,000	268,812,000	2,553,000	133,044,000	-58,260,000	38,328,000	-32,773,000	132,313,000	5,310,000	43,013,000	-54,139,000	112,960,000	-664,950,000	683,743,000	-36,212,000	99,742,000	-133,471,000	92,552,000	7,265,000	94,338,000	-105,018,000
purchases of investment securities																								-325,000,000	-835,000,000	-523,000,000	16,000,000	-183,000,000	-305,000,000	-359,000,000	-127,000,000	-182,000,000	-185,000,000	-725,531,000	-603,203,000	-195,528,000	-172,738,000	-156,581,000	-70,151,000
utility capital/construction expenditures																										-1,207,000,000	-1,329,000,000	-845,000,000	-844,000,000	-1,197,000,000	-857,000,000	-1,020,000,000	-883,000,000	-1,062,548,000	-782,659,000	-724,720,000	-749,073,000	-1,069,067,000	-773,354,000	-712,810,000	-700,319,000	-1,496,990,000	-708,410,000	-707,350,000	-770,609,000	-898,452,000	-725,591,000	-753,120,000	-822,628,000	-941,127,000	-857,420,000	-844,527,000	-752,251,000	-764,366,000	-702,281,000	-606,344,000	-497,218,000	-601,361,000	-481,937,000	-581,930,000	-540,339,000	-655,340,000
proceeds from issuance of long-term debt																																						791,126,000	295,212,000	590,303,000	747,127,000	-978,000	785,656,000			-210,000	-788,000	542,583,000	295,999,000	-3,094,000	97,944,000	842,763,000	494,282,000	98,809,000	1,580,307,000	110,270,000	745,000	-88,000				395,038,000
inventory and other asset transfers to property, plant and equipment
issuance of common stock for reinvested dividends and equity awards																																					11,673,000	11,900,000
repayments from short-term borrowings
repurchases of common stock																																		-57,000	0	0	-2,943,000
change in other noncurrent assets																															2,000,000	8,000,000	2,000,000	14,002,000	-8,326,000	-6,939,000	263,000	-4,376,000	-5,452,000	-5,167,000	-1,196,000	8,179,000	1,690,000	689,000	-5,000	355,000	-3,846,000	-199,000	48,054,000	-36,708,000	9,770,000	-7,636,000	24,576,000	5,639,000	2,103,000	-2,087,000	-38,806,000	2,858,000	8,092,000	2,599,000	10,520,000	10,120,000
change in other noncurrent liabilities																															-27,000,000	-7,000,000	-17,000,000	-4,487,000	-44,807,000	-4,013,000	-12,693,000	-13,840,000	-3,752,000	-13,141,000	-8,508,000	1,892,000	-17,108,000	-10,989,000	-25,885,000	17,546,000	-2,871,000	-10,002,000	-20,347,000	7,893,000	10,195,000	-5,323,000	5,160,000	759,000	9,363,000	-7,341,000	-6,686,000	-19,476,000	-5,474,000	-9,028,000	-27,606,000	1,444,000
property, plant and equipment additions in accounts payable																															66,000,000	21,000,000	241,000,000	146,068,000	35,682,000	47,633,000	185,617,000	32,800,000	-31,215,000	59,552,000	192,818,000	37,105,000	78,324,000	-33,365,000	239,905,000	9,767,000	102,259,000	15,389,000	290,058,000	153,244,000	-3,225,000	45,904,000	256,530,000	59,955,000	-44,503,000	50,034,000	224,316,000	1,322,000	15,678,000	4,413,000	116,145,000	112,240,000
investments in unconsolidated subsidiaries and other																																	-3,000,000
conservation and demand side management program amortization																																		73,000	418,000	754,000	755,000	765,000	766,000	1,161,000	1,162,000	1,162,000	1,162,000	1,450,000	1,451,000	1,451,000	1,451,000	1,576,000	1,555,000	1,507,000	1,599,000	1,713,000	1,712,000	1,747,000	1,746,000	1,883,000	1,882,000	1,837,000	1,901,000	3,054,000	3,024,000
amortization of investment tax credits																																		-1,165,000	-1,278,000	-1,279,000	-1,278,000	-1,283,000	-1,307,000	-1,306,000	-1,307,000	-1,126,000	-1,383,000	-1,384,000	-1,384,000	-1,214,000	-1,443,000	-1,443,000	-1,443,000	-780,000	-1,659,000	-1,657,000	-1,657,000	-1,954,000	-1,552,000	-1,552,000	-1,552,000	-1,454,000	-1,580,000	-1,580,000	-1,580,000	-1,571,000
loss on monticello life cycle management/extended power uprate project																																										0	0	0	129,463,000
proceeds from insurance recoveries																																						2,914,000	0			0	0	2,996,000	24,241,000	0	0	1,740,000	4,260,000	0	40,000,000	26,500,000	23,500,000	40,943,000	32,892,000
investments in wyco development llc and other																																			67,000	-5,112,000	-2,571,000	0	-1,792,000	-1,910,000	-260,000
benefit from bad debts
cash received (paid) for income taxes																																																					17,939,000
purchase of common stock for settlement of equity awards																																							-2,021,000	0	-789,000													0	0	0	-23,307,000
issuance of common stock for reinvested dividends and 401(k) plans																																								5,794,000	7,703,000	13,742,000	8,671,000	16,065,000	14,433,000	19,306,000	13,500,000	14,747,000	14,525,000	1,987,000	17,459,000	18,713,000	18,791,000	16,373,000	15,807,000	16,728,000	18,815,000	16,396,000	17,639,000	17,261,000	20,419,000	15,220,000
purchases of investments in external decommissioning fund																																									-109,373,000	-484,664,000	-133,160,000	-252,274,000	-387,826,000	-96,076,000	-94,713,000	-175,232,000	-229,548,000	-304,483,000	-286,698,000	-304,461,000	-586,239,000	-601,016,000	-129,648,000
proceeds from the sale of investments in external decommissioning fund																																									104,280,000	482,949,000	117,255,000	250,558,000	386,111,000	93,876,000	93,066,000	173,587,000	227,901,000	288,694,000	285,097,000	302,552,000	584,948,000	586,067,000	129,648,000	157,743,000	213,618,000	356,733,000	515,418,000	527,335,000	699,156,000	472,017,000
gain on sale of transmission assets
proceeds from sale of transmission assets
investment in wyco development llc																																											-68,000	-443,000	-321,000	-156,000	-88,000	-971,000	-1,161,000	-4,086,000	-1,252,000	-1,935,000	-231,000	-201,000	-400,000	-207,000	-172,000	-678,000	-807,000	-60,000	-901,000	-1,927,000
prairie island epu and smartgridcity
change in restricted cash																																																						0	328,000	8,727,000	86,232,000	4,685,000	-100,018,000	20,000	26,000	-2,000
repurchase of common stock																																																						0	0	0	-18,529,000
cash (paid) received for income taxes
merricourt refund																																																										0	0
merricourt deposit																																																										0	0	0	-90,833,000
redemption of preferred stock
remove income from discontinued operations																																																							41,000	15,000	-124,000		-37,000
remove loss from discontinued operations																																																													-102,000
remove loss (income) from discontinued operations																																																					18,000
remove (income) income from discontinued operations
proceeds from the sale of assets
acquisition of generation assets
net derivative losses																																																								192,000	7,133,000
purchase of investments in external decommissioning fund																																																									-213,618,000	-356,735,000	-515,403,000	-527,348,000	-699,156,000	-472,345,000
storage assets under capital lease
other investments																																																											-165,000	1,581,000	-5,545,000	101,000
repayment of short-term borrowings
repayment of long-term debt, including reacquisition premiums																																																											-102,784,000	-1,190,000	-551,000	-359,931,000
net increase in cash and cash equivalents																																																														-110,580,000
cash paid for interest, net of amounts capitalized																																																											-138,552,000	-116,086,000	-150,473,000
proceeds from (repayment of) short-term borrowings																																																														426,400,000
proceeds from issuance of long-term
net decrease in cash and cash equivalents																																																												7,265,000	-14,099,000
supplemental disclosure of non-cash investing transactions:
supplemental disclosure of non-cash financing transactions:
issuance of common stock for senior convertible notes
conservation and demand side management program expenses
recoverable purchased natural gas and electric energy costs
operating cash flows from discontinued operations
net increase in cash and cash equivalents — discontinued operations

Xcel Energy Inc(NASDAQ:XEL)

Xcel Energy Inc
(NASDAQ:XEL)