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Unaudited Condensed Consolidated Statements of Income (USD $)
In Millions, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Statement Of Income [Line Items]        
Operating revenues $ 2,256 $ 2,372 $ 4,423 $ 4,907
Operating expenses        
Fuel used in electric generation 674 743 1,392 1,639
Purchased power 329 315 549 578
Operation and maintenance 510 505 1,004 985
Depreciation, amortization and accretion 179 233 333 479
Taxes other than on income 134 133 274 287
Other 2 3 (8) 5
Total operating expenses 1,828 1,932 3,544 3,973
Operating income 428 440 879 934
Other income (expense)        
Interest income 0 1 1 3
Allowance for equity funds used during construction 26 25 55 46
Other, net 7 5 10 0
Total other income, net 33 31 66 49
Interest charges        
Interest charges 189 199 388 390
Allowance for borrowed funds used during construction (9) (7) (18) (16)
Total interest charges, net 180 192 370 374
Income from continuing operations before income tax 281 279 575 609
Income tax expense 101 98 208 237
Equity in earnings of consolidated subsidiaries 0 0 0 0
Income from continuing operations before cumulative effect of change in accounting principle 180 181 367 372
Discontinued operations, net of tax (2) (1) (4) 0
Cumulative effect of change in accounting principle, net of tax 0 0 0 (2)
Net income 178 180 363 370
Net (income) loss attributable to noncontrolling interests, net of tax (2) 0 (3) 0
Net income attributable to controlling interests 176 180 360 370
Average common shares outstanding - basic 296 290 295 287
Basic earnings per common share        
Income from continuing operations attributable to controlling interests, net of tax $ 0.60 $ 0.62 $ 1.23 $ 1.29
Discontinued operations attributable to controlling interests, net of tax $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income attributable to controlling interests $ 0.60 $ 0.62 $ 1.22 $ 1.29
Diluted earnings per common share        
Income from continuing operations attributable to controlling interests, net of tax $ 0.60 $ 0.62 $ 1.23 $ 1.29
Discontinued operations attributable to controlling interests, net of tax $ 0.00 $ 0.00 $ (0.01) $ 0.00
Net income attributable to controlling interests $ 0.60 $ 0.62 $ 1.22 $ 1.29
Dividends declared per common share $ 0.620 $ 0.620 $ 1.240 $ 1.240
Amounts attributable to controlling interests        
Income from continuing operations, net of tax 178 181 364 370
Discontinued operations, net of tax (2) (1) (4) 0
Net income attributable to controlling interests 176 180 360 370
PEC
       
Statement Of Income [Line Items]        
Operating revenues 1,060 1,117 2,193 2,380
Operating expenses        
Fuel used in electric generation 326 375 689 858
Purchased power 73 76 140 126
Operation and maintenance 293 300 588 585
Depreciation, amortization and accretion 126 120 250 238
Taxes other than on income 50 51 106 111
Other 0 (1) 0 0
Total operating expenses 868 921 1,773 1,918
Operating income 192 196 420 462
Other income (expense)        
Interest income 1 1 1 2
Allowance for equity funds used during construction 18 15 38 28
Other, net 1 4 (1) (3)
Total other income, net 20 20 38 27
Interest charges        
Interest charges 54 53 104 103
Allowance for borrowed funds used during construction (6) (5) (11) (9)
Total interest charges, net 48 48 93 94
Income from continuing operations before income tax 164 168 365 395
Income tax expense 57 57 127 146
Income from continuing operations before cumulative effect of change in accounting principle 107 111 238 249
Cumulative effect of change in accounting principle, net of tax 0 0 0 (2)
Net income 107 111 238 247
Net (income) loss attributable to noncontrolling interests, net of tax 0 1 0 3
Net income attributable to controlling interests 107 112 238 250
Preferred stock dividend requirement 0 0 (1) (1)
Net income available to parent 107 112 237 249
Amounts attributable to controlling interests        
Net income attributable to controlling interests 107 112 238 250
PEF
       
Statement Of Income [Line Items]        
Operating revenues 1,193 1,252 2,225 2,522
Operating expenses        
Fuel used in electric generation 348 368 703 781
Purchased power 256 239 409 452
Operation and maintenance 224 208 434 413
Depreciation, amortization and accretion 48 110 73 234
Taxes other than on income 83 83 168 176
Other 0 0 (12) 0
Total operating expenses 959 1,008 1,775 2,056
Operating income 234 244 450 466
Other income (expense)        
Interest income 0 1 0 1
Allowance for equity funds used during construction 8 10 17 18
Other, net 1 1 4 3
Total other income, net 9 12 21 22
Interest charges        
Interest charges 68 70 137 134
Allowance for borrowed funds used during construction (3) (2) (7) (7)
Total interest charges, net 65 68 130 127
Income from continuing operations before income tax 178 188 341 361
Income tax expense 65 69 126 140
Net income 113 119 215 221
Preferred stock dividend requirement 0 0 (1) (1)
Net income available to parent $ 113 $ 119 $ 214 $ 220