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Unaudited Condensed Conosolidated Statements of Cash Flows (USD $)
In Millions
9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Operating activities  
Net income$ 656$ 735
Adjustments to reconcile net income to net cash provided by operating activities  
Depreciation, amortization and accretion632804
Deferred income taxes and investment tax credits, net430263
Deferred fuel cost (credit)(11)(37)
Allowance for equity funds used during construction(77)(68)
Other adjustments to net income202197
Cash provided (used) by changes in operating assets and liabilities  
Receivables(93)(252)
Inventory(152)111
Derivative collateral posted52(83)
Other assets(19)(25)
Income taxes, net20213
Accounts payable(40)45
Accrued pension and other benefits(359)(162)
Other liabilities63163
Net cash provided (used) by operating activities1,3041,904
Investing activities  
Gross property additions(1,535)(1,643)
Nuclear fuel additions(134)(164)
Proceeds from sales of assets to affiliated companies 0
Purchases of available-for-sale securities and other investments(4,536)(5,927)
Proceeds from available-for-sale securities and other investments4,5095,915
Insurance proceeds7818
Changes in advances to affiliated companies00
Return of investment in consolidated subsidiaries00
Contributions to consolidated subsidiaries00
Other investing activities43(3)
Net cash provided (used) by investing activities(1,575)(1,804)
Financing activities  
Issuance of common stock, net42419
Dividends paid on common stock(550)(535)
Dividends paid to parent00
Dividends paid to parent in excess of retained earnings00
Net increase (decrease) in short-term debt45(140)
Proceeds from issuance of long-term debt, net1,286591
Retirement of long-term debt(1,000)(400)
Changes in advances from affiliated companies00
Contributions from parent00
Other financing activities(60)(69)
Net cash provided (used) by financing activities(237)(134)
Net increase (decrease) in cash and cash equivalents(508)(34)
Cash and cash equivalents at beginning of period611725
Cash and cash equivalents at end of period103691
Significant noncash transactions  
Accrued property additions253255
PEC
  
Operating activities  
Net income437483
Adjustments to reconcile net income to net cash provided by operating activities  
Depreciation, amortization and accretion491450
Deferred income taxes and investment tax credits, net222123
Deferred fuel cost (credit)1963
Allowance for equity funds used during construction(53)(45)
Other adjustments to net income2068
Cash provided (used) by changes in operating assets and liabilities  
Receivables56(89)
Receivables from affiliated companies1715
Inventory(144)120
Other assets(5)(41)
Income taxes, net7959
Accounts payable(41)(18)
Payables to affiliated companies(21)(1)
Accrued pension and other benefits(228)(103)
Other liabilities3965
Net cash provided (used) by operating activities8881,149
Investing activities  
Gross property additions(901)(867)
Nuclear fuel additions(121)(132)
Purchases of available-for-sale securities and other investments(430)(352)
Proceeds from available-for-sale securities and other investments401323
Changes in advances to affiliated companies(59)199
Other investing activities160
Net cash provided (used) by investing activities(1,094)(829)
Financing activities  
Dividends paid on preferred stock(2)(2)
Dividends paid to parent(450)(75)
Proceeds from issuance of long-term debt, net4960
Contributions from parent014
Other financing activities(1)0
Net cash provided (used) by financing activities43(63)
Net increase (decrease) in cash and cash equivalents(163)257
Cash and cash equivalents at beginning of period23035
Cash and cash equivalents at end of period67292
Significant noncash transactions  
Accrued property additions179160
PEF
  
Operating activities  
Net income418401
Adjustments to reconcile net income to net cash provided by operating activities  
Depreciation, amortization and accretion113328
Deferred income taxes and investment tax credits, net291211
Deferred fuel cost (credit)(30)(100)
Allowance for equity funds used during construction(24)(23)
Other adjustments to net income7089
Cash provided (used) by changes in operating assets and liabilities  
Receivables(134)(155)
Receivables from affiliated companies(10)(5)
Inventory(10)(11)
Derivative collateral posted43(59)
Other assets(1)(20)
Income taxes, net51117
Accounts payable(2)70
Payables to affiliated companies7(18)
Accrued pension and other benefits(123)(51)
Other liabilities61121
Net cash provided (used) by operating activities720895
Investing activities  
Gross property additions(624)(774)
Nuclear fuel additions(13)(32)
Purchases of available-for-sale securities and other investments(4,097)(5,456)
Proceeds from available-for-sale securities and other investments4,0985,460
Insurance proceeds7418
Other investing activities39(2)
Net cash provided (used) by investing activities(523)(786)
Financing activities  
Dividends paid on preferred stock(1)(1)
Dividends paid to parent(475)(50)
Proceeds from issuance of long-term debt, net296591
Retirement of long-term debt(300)(300)
Changes in advances from affiliated companies60(213)
Other financing activities(8)(8)
Net cash provided (used) by financing activities(428)19
Net increase (decrease) in cash and cash equivalents(231)128
Cash and cash equivalents at beginning of period24917
Cash and cash equivalents at end of period18145
Significant noncash transactions  
Accrued property additions7292
Nuclear repairs insurance recovery$ 48$ 75