CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash, cash equivalents and restricted cash at beginning of period	$ 864	$ 80
Investments in money pool arrangements	10	0
Accrued unbilled revenues	240	316
Inventories	346	367
Regulatory assets	269	303
Derivative instruments	26	78
Prepayments and other	102	82
Total current assets	2,460	1,794
Property, plant and equipment, net	23,547	23,106
Other assets
Nuclear decommissioning fund and other investments	3,951	3,990
Regulatory assets	696	709
Derivative instruments	46	54
Operating lease right-of-use assets	122	124
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	1,232	1,242
Other	23	24
Total other assets	6,070	6,143
Total assets	32,077	31,043
Current liabilities
Short-term debt	0	220
Borrowings under utility money pool arrangement	0	74
Regulatory liabilities	311	389
Taxes accrued	309	243
Accrued interest	99	83
Dividends payable to parent	126	103
Derivative instruments	19	23
Operating lease liabilities	7	7
Other	216	207
Total current liabilities	1,806	2,134
Deferred credits and other liabilities
Deferred income taxes	2,532	2,556
Regulatory liabilities	2,304	2,349
Asset retirement obligations	3,252	3,215
Derivative instruments	55	67
Pension and employee benefit obligations	77	108
Operating lease liabilities	118	120
Finance Lease, Liability, Noncurrent	1,195	1,204
Other	37	38
Total deferred credits and other liabilities	9,570	9,657
Capitalization
Common stock — 5,000,000 shares authorized of $0.01 par value; 1,000,000 shares outstanding at March 31, 2026 and Dec. 31, 2025, respectively	$ 0	$ 0
Common Stock, Shares Authorized	5,000,000	5,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Common Stock, Shares, Outstanding	1,000,000	1,000,000
Common Stock, Shares Issued, Not Disclosed	true	true
Additional paid in capital	$ 7,252	$ 7,052
Retained earnings	3,406	3,343
Accumulated other comprehensive loss	(1)	(4)
Total common stockholder's equity	10,657	10,391
Total liabilities and equity	32,077	31,043
Nonrelated Party
Current assets
Accounts receivable, net	591	566
Current liabilities
Accounts payable	643	677
Capitalization
Long-term debt	9,043	7,908
Affiliated Entity
Current assets
Accounts receivable, net	12	2
Current liabilities
Accounts payable	76	108
Related Party
Capitalization
Long-term debt	$ 1,001	$ 953

NORTHERN STATES POWER CO 10-Q