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Unaudited Condensed Consolidated Statements of Comprehensive Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Statement of Comprehensive Income [Line Items]        
Operating revenues $ 2,273 $ 2,256 $ 4,365 $ 4,423
Operating expenses        
Fuel used in electric generation 736 674 1,421 1,392
Purchased power 257 329 467 549
Operation and maintenance 627 510 1,156 1,004
Depreciation, amortization and accretion 231 179 397 333
Taxes other than on income 142 134 280 274
Other 5 2 5 (8)
Total operating expenses 1,998 1,828 3,726 3,544
Operating income 275 428 639 879
Other income (expense)        
Interest income 1 0 2 1
Allowance for equity funds used during construction 25 26 49 55
Other, net 1 7 14 10
Total other income, net 27 33 65 66
Interest charges        
Interest charges 203 189 397 388
Allowance for borrowed funds used during construction (11) (9) (20) (18)
Total interest charges, net 192 180 377 370
Income from continuing operations before income tax 110 281 327 575
Income tax expense 42 101 118 208
Income from continuing operations 68 180 209 367
Discontinued operations, net of tax (4) (2) 7 (4)
Net income 64 178 216 363
Net income attributable to noncontrolling interests, net of tax (1) (2) (3) (3)
Net income attributable to controlling interests 63 176 213 360
Average common shares outstanding - basic 297 296 297 295
Basic and diluted earnings per common share        
Income from continuing operations attributable to controlling interests, net of tax $ 0.23 $ 0.60 $ 0.70 $ 1.23
Discontinued operations attributable to controlling interests, net of tax $ (0.02) $ 0.00 $ 0.02 $ (0.01)
Net income attributable to controlling interests $ 0.21 $ 0.60 $ 0.72 $ 1.22
Dividends declared per common share $ 0.620 $ 0.620 $ 1.240 $ 1.240
Net income amounts attributable to controlling interests        
Income from continuing operations, net of tax 67 178 206 364
Discontinued operations, net of tax (4) (2) 7 (4)
Net income attributable to controlling interests 63 176 213 360
Comprehensive income        
Comprehensive income 60 157 217 346
Comprehensive (income) loss attributable to noncontrolling interests, net of tax (1) (2) (3) (3)
Comprehensive income attributable to controlling interests 59 155 214 343
PEC
       
Statement of Comprehensive Income [Line Items]        
Operating revenues 1,082 1,060 2,167 2,193
Operating expenses        
Fuel used in electric generation 346 326 695 689
Purchased power 80 73 145 140
Operation and maintenance 386 293 760 588
Depreciation, amortization and accretion 134 126 268 250
Taxes other than on income 52 50 108 106
Other 3 0 2 0
Total operating expenses 1,001 868 1,978 1,773
Operating income 81 192 189 420
Other income (expense)        
Interest income 0 1 0 1
Allowance for equity funds used during construction 17 18 32 38
Other, net 1 1 5 (1)
Total other income, net 18 20 37 38
Interest charges        
Interest charges 59 54 115 104
Allowance for borrowed funds used during construction (6) (6) (11) (11)
Total interest charges, net 53 48 104 93
Income from continuing operations before income tax 46 164 122 365
Income tax expense 15 57 39 127
Net income 31 107 83 238
Preferred stock dividend requirement 0 0 (1) (1)
Net income available to parent 31 107 82 237
Comprehensive income        
Comprehensive income attributable to controlling interests 25 102 82 235
PEF
       
Statement of Comprehensive Income [Line Items]        
Operating revenues 1,189 1,193 2,194 2,225
Operating expenses        
Fuel used in electric generation 390 348 726 703
Purchased power 177 256 322 409
Operation and maintenance 246 224 406 434
Depreciation, amortization and accretion 92 48 119 73
Taxes other than on income 90 83 172 168
Other (2) 0 (2) (12)
Total operating expenses 993 959 1,743 1,775
Operating income 196 234 451 450
Other income (expense)        
Interest income 1 0 1 0
Allowance for equity funds used during construction 8 8 17 17
Other, net 0 1 0 4
Total other income, net 9 9 18 21
Interest charges        
Interest charges 74 68 141 137
Allowance for borrowed funds used during construction (5) (3) (9) (7)
Total interest charges, net 69 65 132 130
Income from continuing operations before income tax 136 178 337 341
Income tax expense 53 65 126 126
Net income 83 113 211 215
Preferred stock dividend requirement 0 0 (1) (1)
Net income available to parent 83 113 210 214
Comprehensive income        
Comprehensive income attributable to controlling interests $ 82 $ 108 $ 211 $ 210