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Unaudited Condensed Consolidated Statements of Cash Flows (USD $)
In Millions
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Operating activities    
Net income $ 363 $ 370
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 425 555
Deferred income taxes and investment tax credits, net 178 117
Deferred fuel cost (credit) (29) (137)
Allowance for equity funds used during construction (55) (46)
Other adjustments to net income 167 136
Cash provided (used) by changes in operating assets and liabilities    
Receivables (5) (126)
Inventory (127) 87
Derivative collateral posted 43 (40)
Other assets (27) (13)
Income taxes, net 56 152
Accounts payable 1 110
Accrued pension and other benefits (259) (44)
Other liabilities 49 38
Net cash provided (used) by operating activities 780 1,159
Investing activities    
Gross property additions (1,004) (1,116)
Nuclear fuel additions (93) (119)
Proceeds from sales of assets to affiliated companies   0
Purchases of available-for-sale securities and other investments (3,387) (3,815)
Proceeds from available-for-sale securities and other investments 3,364 3,792
Changes in advances to affiliated companies 0 0
Return of investment in consolidated subsidiaries 0 0
Contributions to consolidated subsidiaries 0 0
Other investing activities 82 14
Net cash provided (used) by investing activities (1,038) (1,244)
Financing activities    
Issuance of common stock, net 26 405
Dividends paid on common stock (366) (354)
Dividends paid to parent 0 0
Dividends paid to parent in excess of retained earnings 0 0
Net increase (decrease) in short-term debt 314 (140)
Proceeds from issuance of long-term debt, net 494 591
Retirement of long-term debt (700) (400)
Changes in advances from affiliated companies 0 0
Contributions from parent 0 0
Other financing activities (69) (52)
Net cash provided (used) by financing activities (301) 50
Net increase (decrease) in cash and cash equivalents (559) (35)
Cash and cash equivalents at beginning of period 611 725
Cash and cash equivalents at end of period 52 690
Significant noncash transactions    
Accrued property additions 256 274
PEC
   
Operating activities    
Net income 238 247
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 322 294
Deferred income taxes and investment tax credits, net 119 55
Deferred fuel cost (credit) 10 21
Allowance for equity funds used during construction (38) (28)
Other adjustments to net income 45 47
Cash provided (used) by changes in operating assets and liabilities    
Receivables 52 (39)
Receivables from affiliated parties 17 18
Inventory (121) 85
Other assets (8) (18)
Income taxes, net 78 12
Accounts payable (30) 20
Payables to affiliated parties (28) 15
Accrued pension and other benefits (164) (16)
Other liabilities 44 4
Net cash provided (used) by operating activities 536 717
Investing activities    
Gross property additions (579) (580)
Nuclear fuel additions (80) (106)
Purchases of available-for-sale securities and other investments (286) (252)
Proceeds from available-for-sale securities and other investments 262 227
Changes in advances to affiliated companies 2 202
Other investing activities 9 0
Net cash provided (used) by investing activities (672) (509)
Financing activities    
Dividends paid on preferred stock (1) (1)
Dividends paid to parent (275) (50)
Net increase (decrease) in short-term debt 198 0
Contributions from parent 0 14
Other financing activities 2 0
Net cash provided (used) by financing activities (76) (37)
Net increase (decrease) in cash and cash equivalents (212) 171
Cash and cash equivalents at beginning of period 230 35
Cash and cash equivalents at end of period 18 206
Significant noncash transactions    
Accrued property additions 181 158
PEF
   
Operating activities    
Net income 215 221
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 84 244
Deferred income taxes and investment tax credits, net 115 138
Deferred fuel cost (credit) (39) (158)
Allowance for equity funds used during construction (17) (18)
Other adjustments to net income 105 62
Cash provided (used) by changes in operating assets and liabilities    
Receivables (50) (87)
Receivables from affiliated parties (7) 2
Inventory (8) 1
Derivative collateral posted 36 (27)
Other assets (5) (10)
Income taxes, net 73 122
Accounts payable 31 98
Payables to affiliated parties (16) (6)
Accrued pension and other benefits (89) (21)
Other liabilities 39 49
Net cash provided (used) by operating activities 467 610
Investing activities    
Gross property additions (419) (543)
Nuclear fuel additions (13) (13)
Purchases of available-for-sale securities and other investments (3,091) (3,505)
Proceeds from available-for-sale securities and other investments 3,092 3,508
Other investing activities 73 15
Net cash provided (used) by investing activities (358) (538)
Financing activities    
Dividends paid on preferred stock (1) (1)
Dividends paid to parent (400) (50)
Net increase (decrease) in short-term debt 67 0
Proceeds from issuance of long-term debt, net 0 591
Retirement of long-term debt 0 (300)
Changes in advances from affiliated companies (3) (214)
Other financing activities (3) (2)
Net cash provided (used) by financing activities (340) 24
Net increase (decrease) in cash and cash equivalents (231) 96
Cash and cash equivalents at beginning of period 249 17
Cash and cash equivalents at end of period 18 113
Significant noncash transactions    
Accrued property additions $ 73 $ 113