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Unaudited Consolidated Consolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Operating activities    
Net income $ 152 $ 185
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 200 199
Deferred income taxes and investment tax credits, net 107 101
Deferred fuel cost (credit) (6) 70
Allowance for equity funds used during construction (24) (29)
Other adjustments to net income (7) 56
Cash provided (used) by changes in operating assets and liabilities    
Receivables 78 163
Inventory (10) (49)
Other assets (48) 7
Income taxes, net (7) 57
Accounts payable 23 (89)
Accrued pension and other benefits (33) (224)
Other liabilities (69) (1)
Net cash provided (used) by operating activities 356 446
Investing activities    
Gross property additions (562) (501)
Nuclear fuel additions (51) (57)
Purchases of available-for-sale securities and other investments (363) (1,817)
Proceeds from available-for-sale securities and other investments 359 1,809
Other investing activities 65 46
Net cash provided (used) by investing activities (552) (520)
Financing activities    
Issuance of common stock, net 3 8
Dividends paid on common stock (260) (183)
Proceeds from issuance of short-term debt with original maturities greater than 90 days 65 0
Net increase (decrease) in short-term debt 320 79
Proceeds from issuance of long-term debt, net 444 494
Retirement of long-term debt 0 (700)
Other financing activities (41) (63)
Net cash provided (used) by financing activities 531 (365)
Net increase (decrease) in cash and cash equivalents 335 (439)
Cash and cash equivalents at beginning of period 230 611
Cash and cash equivalents at end of period 565 172
Significant noncash transactions    
Accrued property additions 225 178
PEC
   
Operating activities    
Net income 52 131
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 162 161
Deferred income taxes and investment tax credits, net 46 69
Deferred fuel cost (credit) 7 29
Allowance for equity funds used during construction (15) (20)
Other adjustments to net income 23 12
Cash provided (used) by changes in operating assets and liabilities    
Receivables 50 102
Receivables from affiliated companies (8) 11
Inventory (5) (45)
Other assets (18) (8)
Income taxes, net (38) 81
Accounts payable 11 (48)
Payables to affiliated companies 23 (24)
Accrued pension and other benefits (17) (147)
Other liabilities (27) 13
Net cash provided (used) by operating activities 246 317
Investing activities    
Gross property additions (356) (279)
Nuclear fuel additions (38) (50)
Purchases of available-for-sale securities and other investments (138) (149)
Proceeds from available-for-sale securities and other investments 133 141
Changes in advances to affiliated companies 0 (1)
Other investing activities 64 5
Net cash provided (used) by investing activities (335) (333)
Financing activities    
Dividends paid on preferred stock (1) (1)
Dividends paid to parent (175) (100)
Net increase (decrease) in short-term debt 253 0
Changes in advances from affiliated companies 11 0
Other financing activities 2 0
Net cash provided (used) by financing activities 90 (101)
Net increase (decrease) in cash and cash equivalents 1 (117)
Cash and cash equivalents at beginning of period 20 230
Cash and cash equivalents at end of period 21 113
Significant noncash transactions    
Accrued property additions 162 98
PEF
   
Operating activities    
Net income 128 102
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation, amortization and accretion 31 29
Deferred income taxes and investment tax credits, net 53 60
Deferred fuel cost (credit) (13) 41
Allowance for equity funds used during construction (9) (9)
Other adjustments to net income (20) 35
Cash provided (used) by changes in operating assets and liabilities    
Receivables 15 72
Receivables from affiliated companies (13) (7)
Inventory (6) (5)
Other assets (27) 19
Income taxes, net 22 63
Accounts payable 14 (45)
Payables to affiliated companies 13 (6)
Accrued pension and other benefits (14) (74)
Other liabilities 15 26
Net cash provided (used) by operating activities 189 301
Investing activities    
Gross property additions (197) (218)
Nuclear fuel additions (13) (7)
Purchases of available-for-sale securities and other investments (225) (1,659)
Proceeds from available-for-sale securities and other investments 225 1,659
Changes in advances to affiliated companies (6) 0
Other investing activities 16 42
Net cash provided (used) by investing activities (200) (183)
Financing activities    
Dividends paid on preferred stock (1) (1)
Dividends paid to parent (105) (325)
Proceeds from issuance of short-term debt with original maturities greater than 90 days 65 0
Net increase (decrease) in short-term debt 62 0
Changes in advances from affiliated companies (8) (2)
Net cash provided (used) by financing activities 13 (328)
Net increase (decrease) in cash and cash equivalents 2 (210)
Cash and cash equivalents at beginning of period 16 249
Cash and cash equivalents at end of period 18 39
Significant noncash transactions    
Accrued property additions $ 60 $ 78