XML 37 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF CONSOLIDATED CASH FLOWS (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2010
Cash Flows from Operating Activities:      
Net Income $ 137 $ 316 $ 300
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 285 262 248
Amortization of deferred financing costs 13 13 9
Deferred income taxes 245 144 208
Goodwill impairment 252 0 0
Step acquisition gain (136) 0 0
Write-down of natural gas inventory 4 11 6
Equity in earnings of unconsolidated affiliates, net of distributions 8 8 13
Changes in other assets and liabilities:      
Accounts receivable and unbilled revenues, net. 6 67 120
Accounts receivable/payable, affiliates 5 (14) 6
Inventory 41 20 (52)
Taxes receivable 1 62 (16)
Accounts payable 2 (101) (35)
Fuel cost recovery (52) (70) (9)
Interest and taxes accrued (11) 6 5
Non-trading derivatives, net 19 (10) (5)
Margin deposits, net. 53 34 7
Other current assets (10) 11 (20)
Other current liabilities 8 (12) (14)
Other assets (13) (3) (7)
Other liabilities (28) 22 (21)
Other, net 7 3 (21)
Net cash provided by operating activities 836 769 722
Cash Flows from Investing Activities:      
Capital expenditures, net of acquisitions (566) (644) (917)
Acquisitions, net of cash acquired (360) 0 0
Investment in unconsolidated affiliates (5) (12) (18)
Other, net 8 10 20
Net cash used in investing activities (923) (646) (915)
Cash Flows from Financing Activities:      
Increase (decrease) in short-term borrowings, net (24) 9 (2)
Proceeds from (payments of) commercial paper, net (285) 102 183
Proceeds from long-term debt 0 550 0
Payments of long-term debt 0 (606) (45)
Cash paid for debt exchange 0 (58) 0
Debt issuance costs 0 (14) 0
Increase (decrease) in notes payable to affiliates 396 (106) 57
Net cash provided by (used in) financing activities 87 (123) 193
Net Decrease in Cash and Cash Equivalents 0 0 0
Cash and Cash Equivalents at Beginning of the Year 1 1 1
Cash and Cash Equivalents at End of the Year 1 1 1
Cash Payments:      
Interest, net of capitalized interest 163 177 191
Income taxes (refunds), net 3 (20) 141
Non-cash transactions:      
Accounts payable related to capital expenditures $ 60 $ 53 $ 98