ASSETS
CURRENT ASSETS:
Cash and cash equivalents
63 52 57 1,404 569 132 111 439 60 888 137 118 171 177 160 251 478 283 1,462 577
Restricted cash
128 28 42 27 45 31 43 26 43 27 42 26 43 29 46 26 54 27 49 107
Receivables -
Customers
Customer
1,715 1,697 1,783 1,574 1,647 1,624 1,585 1,559 1,557 1,418 1,382 1,387 1,271 1,383 1,455 1,318 1,274 1,258 1,192 1,273
Total customers
1,715 1,697 1,783 1,574 1,647 1,624 1,585 1,559 1,557 1,418 1,382 1,387 1,271 1,383 1,455 1,318 1,192
Less — Allowance for uncollectible customer receivables
Customer
48 52 57 55 50 50 55 49 54 53 64 85 85 124 137 136 134 132 159 159
Other Receivables
11 13 11 10 10 9 6 8 14 14 15 15 15 10 11 10 11 10 10 12
Total less — Allowance for uncollectible customer receivables
48 52 57 55 50 50 55 49 54 53 64 85 85 124 137 136 159
Receivables
Customer
1,667 1,645 1,726 1,519 1,597 1,574 1,530 1,510 1,503 1,365 1,318 1,302 1,186 1,259 1,318 1,182 1,140 1,126 1,033 1,114
Total receivables
1,667 1,645 1,726 1,519 1,597 1,574 1,530 1,510 1,503 1,365 1,318 1,302 1,186 1,259 1,318 1,182 1,033
Other, net of allowance for uncollectible accounts of $13 in 2026 and $11 in 2025
323 295 346 291 314 303 271 297 304 266 271 275 257 253 264 248 246 246 250
Note receivable - Brookfield due 2024 (Note 1)
450 450 0
Other, net of allowance for uncollectible accounts of $11 in 2026 and 2025
343 295
Materials and supplies, at average cost
559 582 577 578 595 567 549 536 536 538 512 481 449 457 421 361 304 273 260 245
Prepaid taxes and other
445 418 282 337 372 341 240 286 369 491 293 322 361 328 217 228 315 295 187 239
Total current assets
3,205 3,048 2,979 4,211 3,469 2,959 2,776 3,068 3,258 4,063 2,568 2,520 2,485 2,507 2,415 2,312 2,539 2,250 3,237 2,532
PROPERTY, PLANT AND EQUIPMENT:
In service
57,968 56,766 56,213 54,973 54,344 53,543 52,896 51,747 51,356 50,634 50,107 49,301 48,963 48,337 47,850 46,917 46,818 46,349 46,002 45,032
Less — Accumulated provision for depreciation
15,606 15,427 15,189 15,011 15,003 14,774 14,548 14,361 14,218 13,991 13,811 13,854 13,671 13,457 13,258 13,075 13,035 12,834 12,672 12,460
Property, plant and equipment in service net of accumulated provision for depreciation
42,362 41,339 41,024 39,962 39,341 38,769 38,348 37,386 37,138 36,643 36,296 35,447 35,292 34,880 34,592 33,842 33,783 33,515 33,330 32,572
Construction work in progress
2,733 2,272 2,161 2,116 2,231 1,857 1,750 1,693 1,730 1,584 1,481 1,414 1,733
Total property, plant and equipment
40,119 39,410 38,804 38,412 37,678 37,149 36,630 36,285 35,572 35,367 34,996 34,744 34,305
PROPERTY, PLANT AND EQUIPMENT, NET - HELD FOR SALE (NOTE 13)
0 0
Construction work in progress
3,925 3,911 3,389 3,742 3,324 2,932 2,754 2,116 1,693 1,414
Total property, plant and equipment
46,287 45,250 44,413 43,704 42,665 41,701 41,102 38,412
INVESTMENTS AND OTHER NONCURRENT ASSETS:
Goodwill
5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618 5,618
Investments
635 638 641 634 668 657 652 688 670 688 663 626 638 632 622 621 626 646 655 632
Regulatory assets
1,357 1,092 829 793 765 636 617 485 405 333 369 353 311 42 33 14 99 70 71 90
Other
1,119 1,271 1,424 924 1,045 1,200 1,279 778 910 1,043 1,137 676 864 1,050 1,135 714 871 1,037 1,107 677
Total deferred charges and other assets
7,214 7,371 7,451 7,017
Note receivable - Brookfield due 2025 (Note 1)
750 750 0
Total investments and other noncurrent assets
8,729 8,619 8,512 7,969 8,096 8,111 8,166 7,569 8,353 8,432 7,787 7,273 7,431 7,342 7,408 6,967 7,451
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TOTAL ASSETS
58,221 56,917 55,904 55,884 54,230 52,771 52,044 50,756 51,021 51,299 48,767 47,471 47,065 46,479 46,108 44,851 45,120 44,617 45,432 43,854
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LIABILITIES AND EQUITY
CURRENT LIABILITIES:
Currently payable long-term debt
505 424 723 1,669 1,672 1,928 977 2,027 2,325 2,613 1,250 1,302 1,002 52 351 353 353 1,055 1,606 1,230
Short-term borrowings
1,376 1,305 325 291 400 1,635 550 75 795 250 775 270 350 550 100 350 0 0
Accounts payable
2,122 2,027 2,002 1,640 1,826 1,516 1,575 1,520 1,477 1,383 1,362 1,262 1,200 1,238 1,503 1,125 1,182 1,090 943 876
Accrued interest
388 298 373 298 303 280 269 272 284 305 292 303 283 263 254 255 255 289 283 291
Accrued taxes
738 744 768 731 683 715 727 729 726 823 700 657 604 701 668 643 631 650 647 641
Accrued compensation and benefits
256 226 286 249 271 257 205 156 197 199 304 252 257 222 272 255 276 276 313 369
Dividends payable
0 269 257 257 0 257 245 245 0 245 235 235 0 223 223 223 0 223 222
Customer deposits
256 254 250 246 241 236 233 228 228 228 227 225 223 222 223 214
Other
287 294 287 253 251 290 216 221 324 227 241 290 230 229 364 639 673 427 188 687
Total current liabilities
5,928 5,841 5,271 5,634 5,647 7,114 4,997 5,473 6,356 6,273 5,386 4,796 4,149 3,700 3,958 3,493 3,370 4,360 4,416 4,094
NONCURRENT LIABILITIES:
Long-term debt and other long-term obligations
27,102 26,331 25,508 25,510 23,746 21,223 22,496 21,603 20,831 21,652 22,885 22,882 22,656 22,124 21,203 20,905 20,763 21,754 22,248 22,503
Accumulated deferred income taxes
6,314 6,206 6,032 6,019 5,830 5,740 5,613 5,492 5,389 5,288 4,530 4,449 4,392 4,263 4,202 3,428 3,623 3,544 3,437 3,366
Retirement benefits
1,464 1,471 1,469 1,701 1,697 1,698 1,698 1,651 1,655 1,663 1,663 1,512 1,516 2,339 2,335 2,496 2,556 2,620 2,669 3,124
Regulatory liabilities
891 877 1,185 971 1,013 998 995 916 956 964 1,214 1,316 1,519 1,723 1,847 1,982 1,925 2,025 2,124 2,015
Other
2,096 2,085 2,513 1,865 2,126 2,136 2,525 1,929 2,106 1,846 2,173 1,571 1,862 1,599 1,920 1,309 1,569 1,559 1,863 1,273
Total noncurrent liabilities
37,867 36,970 36,707 36,066 34,412 31,795 33,327 31,591 30,937 31,413 32,465 31,730 31,945 32,048 31,507 9,215 9,673 9,748 10,093 9,778
TOTAL LIABILITIES
43,795 42,811 41,978 41,700 40,059 38,909 38,324 37,064 37,293 37,686 37,851 36,526 36,094 35,748 35,465
EQUITY:
Common stockholders’ equity-
Common stock, $0.10 par value, authorized 700,000,000 shares - 578,639,932 and 577,851,052 shares outstanding as of June 30, 2026, and December 31, 2025, respectively.
58 58 58 58 58 58 58 58 58 57 57 57 57 57 57 57 57 57 57 54
Other paid-in capital
12,432 12,439 12,431 12,414 12,393 12,377 12,368 12,356 12,385 12,357 10,494 10,705 11,140 11,118 11,322 11,526 11,943 10,031 10,238 9,468
Accumulated other comprehensive loss
(14) (14) (14) (14) (14) (14) (14) (14) (14) (17) (17) (16) (15) (15) (14) (13) (12) (16) (15) (11)
Retained earnings
459 171 35 340 414 146 43 27 45 0 (97) (272) (672) (907) (1,199) (796) (1,130) (1,317) (1,605) (2,032)
Total common stockholders’ equity
12,935 12,654 12,510 12,798 12,851 12,567 12,455 12,427 12,474 12,397 10,437 10,474 10,510 10,253 10,166 10,774 10,858 8,755 8,675 7,479
Noncontrolling interest
1,491 1,452 1,416 1,386 1,320 1,295 1,265 1,265 1,254 1,216 479 471 461 478 477 464 456 0
TOTAL EQUITY
14,426 14,106 13,926 14,184 14,171 13,862 13,720 13,692 13,728 13,613 10,916 10,945 10,971 10,731 10,643 11,238 11,314 8,755 8,675 7,479
Total capitalization
31,846 32,143 32,077 30,509 30,923 29,982
TOTAL LIABILITIES AND EQUITY
58,221 56,917 55,904 55,884 54,230 52,771 52,044 50,756 51,021 51,299 48,767 47,471 47,065 46,479 46,108 44,851 45,120 44,617 45,432 43,854
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