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CONSOLIDATED BALANCE SHEETS (USD $)
In Millions, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
Current assets:    
Cash and cash equivalents $ 152 $ 49
Accounts receivable, net 69 155
Accounts receivable from related companies 102 72
Inventories 138 163
Exchanges receivable 9 11
Current assets held for sale 102 184
Prepayments and other assets 138 120
Total current assets 710 754
Property, plant and equipment:    
Plant in service 4,166 5,491
Construction work in progress 47 272
Property, plant and equipment, gross 4,213 5,763
Less: Accumulated depreciation and amortization (140) (105)
Net property, plant and equipment 4,073 5,658
Non-Current Assets Held for Sale 1,000 985
Deferred charges 63 65
Unconsolidated investments 1,557 115
Goodwill 2,025 2,364
Other Non-Current Assets 60 52
Total assets 9,488 9,993
Current liabilities:    
Current maturities of long–term debt 253 259
Accounts payable and accrued liabilities 34 118
Accounts payable to related companies 147 110
Federal, state and local taxes payable 20 16
Accrued interest 17 32
Exchanges payable 123 133
Derivative instruments 18 18
Current liabilities held for sale 75 85
Other 35 108
Total current liabilities 722 879
Long–term debt, less current maturities 1,713 3,024
NOTE PAYABLE TO RELATED PARTY 1,090 0
Deferred credits 289 330
Deferred income taxes 1,839 1,590
Non-current liabilities held for sale 140 142
Commitments and contingencies      
Stockholder's equity:    
Premium on capital stock 3,947 4,079
Accumulated other comprehensive loss (20) (25)
Accumulated deficit (232) (26)
Total stockholder's equity 3,695 4,028
Total liabilities and stockholder's equity $ 9,488 $ 9,993