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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash Flows from Operating Activities:    
Net income $ 180 $ 139
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 131 123
Amortization of deferred financing costs 6 4
Deferred income taxes 75 (1)
Equity in earnings of unconsolidated affiliates, net of distributions 1 6
Changes in other assets and liabilities:    
Accounts receivable and unbilled revenues, net 305 434
Accounts receivable/payable, affiliates (6) (12)
Inventory 68 24
Taxes receivable 61 47
Accounts payable (213) (236)
Fuel cost over (under) recovery (19) 93
Interest and taxes accrued (2) 50
Non-trading derivatives, net 0 3
Margin deposits, net 48 (18)
Other current assets 19 (6)
Other current liabilities (28) (14)
Other assets 4 1
Other liabilities 7 (8)
Other, net 1 0
Net cash provided by operating activities 638 629
Cash Flows from Investing Activities:    
Capital expenditures (318) (449)
Investment in unconsolidated affiliates (7) (22)
Other, net 1 (1)
Net cash used in investing activities (324) (472)
Cash Flows from Financing Activities:    
Decrease in short-term borrowings, net (14) (23)
Proceeds from commercial paper, net (113) 0
Proceeds from long-term debt 550 0
Payments of long-term debt (606) (45)
Cash paid for debt exchange (58) 0
Debt issuance costs (9) 0
Decrease in notes payable to affiliates (60) (89)
Net cash used in financing activities (310) (157)
Net Increase in Cash and Cash Equivalents 4 0
Cash and Cash Equivalents at Beginning of Period 1 1
Cash and Cash Equivalents at End of Period 5 1
Cash Payments:    
Interest, net of capitalized interest 90 97
Income taxes (refunds), net (19) 15
Non-cash transactions:    
Accounts payable related to capital expenditures $ 47 $ 61