XML 70 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Statement Of Income [Line Items]      
Operating revenues $ 8,907 $ 10,190 $ 9,885
Operating expenses      
Fuel used in electric generation 2,893 3,300 3,752
Purchased power 1,093 1,279 911
Operation and maintenance 2,036 2,027 1,894
Depreciation, amortization and accretion 701 920 986
Taxes other than on income 562 580 557
Other 34 30 13
Total operating expenses 7,319 8,136 8,113
Operating income 1,588 2,054 1,772
Other income (expense)      
Interest income 2 7 14
Allowance for equity funds used during construction 103 92 124
Other, net (58) 0 6
Total other income, net 47 99 144
Interest charges      
Interest charges 760 779 718
Allowance for borrowed funds used during construction (35) (32) (39)
Total interest charges, net 725 747 679
Income from continuing operations before income tax 910 1,406 1,237
Income tax expense 323 539 397
Income from continuing operations 587 867 840
Discontinued operations, net of tax (5) (4) (79)
Net income 582 863 761
Net income attributable to noncontrolling interests, net of tax (7) (7) (4)
Net income attributable to controlling interests 575 856 757
Average common shares outstanding - basic 296 291 279
Basic and diluted earnings per common share      
Income from continuing operations attributable to controlling interests, net of tax $ 1.96 $ 2.96 $ 2.99
Discontinued operations attributable to controlling interests, net of tax $ (0.02) $ (0.01) $ (0.28)
Net income attributable to controlling interests $ 1.94 $ 2.95 $ 2.71
Dividends declared per common share $ 2.119 $ 2.480 $ 2.480
Amounts attributable to controlling interests      
Income from continuing operations, net of tax 580 860 836
Discontinued operations, net of tax (5) (4) (79)
Net income attributable to controlling interests 575 856 757
PEC
     
Statement Of Income [Line Items]      
Operating revenues 4,528 4,922 4,627
Operating expenses      
Fuel used in electric generation 1,387 1,686 1,680
Purchased power 315 302 229
Operation and maintenance 1,182 1,158 1,072
Depreciation, amortization and accretion 514 479 470
Taxes other than on income 211 218 210
Other 34 8 0
Total operating expenses 3,643 3,851 3,661
Operating income 885 1,071 966
Other income (expense)      
Interest income 1 3 5
Allowance for equity funds used during construction 71 64 33
Other, net (1) 0 (18)
Total other income, net 71 67 20
Interest charges      
Interest charges 205 205 207
Allowance for borrowed funds used during construction (21) (19) (12)
Total interest charges, net 184 186 195
Income from continuing operations before income tax 772 952 791
Income tax expense 256 350 277
Net income 516 602 514
Net income attributable to noncontrolling interests, net of tax 0 1 2
Net income attributable to controlling interests 516 603 516
Preferred stock dividend requirement (3) (3) (3)
Net income available to parent 513 600 513
Amounts attributable to controlling interests      
Net income attributable to controlling interests 516 603 516
PEF
     
Statement Of Income [Line Items]      
Operating revenues 4,369 5,254 5,251
Operating expenses      
Fuel used in electric generation 1,506 1,614 2,072
Purchased power 778 977 682
Operation and maintenance 881 912 839
Depreciation, amortization and accretion 169 426 502
Taxes other than on income 350 362 347
Other (13) 4 7
Total operating expenses 3,671 4,295 4,449
Operating income 698 959 802
Other income (expense)      
Interest income 1 1 4
Allowance for equity funds used during construction 32 28 91
Other, net 2 (1) 5
Total other income, net 35 28 100
Interest charges      
Interest charges 253 271 258
Allowance for borrowed funds used during construction (14) (13) (27)
Total interest charges, net 239 258 231
Income from continuing operations before income tax 494 729 671
Income tax expense 180 276 209
Net income 314 453 462
Preferred stock dividend requirement (2) (2) (2)
Net income available to parent $ 312 $ 451 $ 460