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Consolidated Statement Of Income (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Operating Revenue        
Power Delivery $ 1,335 $ 1,329 $ 3,374 $ 3,671
Pepco Energy Services 131 317 544 1,005
Other 10 2 29 22
Total Operating Revenue 1,476 1,648 3,947 4,698
Operating Expenses        
Fuel and purchased energy 709 948 1,948 2,759
Other services cost of sales 38 42 132 128
Other operation and maintenance 230 239 679 682
Depreciation and amortization 122 115 343 325
Other taxes 121 126 330 346
Gain on early termination of finance leases held in trust (39)   (39) (39)
Deferred electric service costs 29 (17) (6) (49)
Impairment losses 2   5  
Total Operating Expenses 1,212 [1] 1,453 [2] 3,392 [3] 4,152 [4]
Operating Income 264 195 555 546
Other Income (Expenses)        
Interest expense (68) (64) (198) (189)
Loss from equity investments   (3)   (4)
Other income 9 7 27 27
Total Other Expenses (59) (60) (171) (166)
Income from Continuing Operations Before Income Tax Expense 205 135 384 380
Income Tax Expense Related to Continuing Operations 93 55 142 143
Income Tax Expense 93 55 142 143 [5]
Net Income from Continuing Operations 112 80 242 237
(Loss) Income from Discontinued Operations, net of Income Taxes 0 0 0 1
Net Income 112 80 242 238
Basic and Diluted Share Information        
Weighted average shares outstanding - Basic (millions) 229 226 228 226
Weighted average shares outstanding - Diluted (millions) 231 226 229 226
Earnings per share of common stock from Continuing Operations - Basic and Diluted $ 0.49 $ 0.35 $ 1.06 $ 1.05
Earnings per share of common stock from Discontinued Operations - Basic and Diluted            
Earnings per share - Basic and Diluted $ 0.49 $ 0.35 $ 1.06 $ 1.05
Potomac Electric Power Co [Member]
       
Operating Revenue        
Total Operating Revenue 582 603 1,503 1,643
Operating Expenses        
Purchased energy 227 258 572 731
Other operation and maintenance 97 111 301 313
Depreciation and amortization 48 44 143 128
Other taxes 103 108 285 294
Total Operating Expenses 475 521 1,301 1,466
Operating Income 107 82 202 177
Other Income (Expenses)        
Interest expense (27) (24) (76) (70)
Other income 5 3 13 13
Total Other Expenses (22) (21) (63) (57)
Income from Continuing Operations Before Income Tax Expense 85 61 139 120
Income Tax Expense Related to Continuing Operations 35 23 38 32
Income Tax Expense 35 23 38 32
Net Income 50 38 101 88
Delmarva Power & Light Co/De [Member]
       
Operating Revenue        
Electric 314 298 808 841
Natural gas 26 28 124 169
Total Operating Revenue 340 326 932 1,010
Operating Expenses        
Purchased energy 178 180 443 507
Gas purchased 15 18 77 114
Other operation and maintenance 65 69 192 181
Depreciation and amortization 29 22 78 66
Other taxes 10 8 26 28
Total Operating Expenses 297 297 816 896
Operating Income 43 29 116 114
Other Income (Expenses)        
Interest expense (12) (11) (34) (33)
Other income 2 3 8 7
Total Other Expenses (10) (8) (26) (26)
Income from Continuing Operations Before Income Tax Expense 33 21 90 88
Income Tax Expense Related to Continuing Operations 11 10 34 32
Income Tax Expense 11 10 34 32
Net Income 22 11 56 56
Atlantic City Electric Co [Member]
       
Operating Revenue        
Total Operating Revenue 413 399 939 1,018
Operating Expenses        
Purchased energy 226 254 555 648
Other operation and maintenance 66 61 178 167
Depreciation and amortization 37 41 92 107
Other taxes 6 8 14 19
Deferred electric service costs 29 (17) (6) (49)
Total Operating Expenses 364 347 833 892
Operating Income 49 52 106 126
Other Income (Expenses)        
Interest expense (17) (18) (52) (51)
Other income 1   3 2
Total Other Expenses (16) (18) (49) (49)
Income from Continuing Operations Before Income Tax Expense 33 34 57 77
Income Tax Expense Related to Continuing Operations 13 17 21 36
Income Tax Expense 13 17 21 36
Net Income $ 20 $ 17 $ 36 $ 41
[1] Includes depreciation and amortization expense of $122 million, consisting of $114 million for Power Delivery, $2 million for Pepco Energy Services and $6 million for Corporate and Other.
[2] Includes depreciation and amortization expense of $115 million, consisting of $107 million for Power Delivery, $4 million for Pepco Energy Services and $4 million for Corporate and Other.
[3] Includes depreciation and amortization expense of $343 million, consisting of $313 million for Power Delivery, $12 million for Pepco Energy Services, $1 million for Other Non-Regulated and $17 million for Corporate and Other.
[4] Includes depreciation and amortization expense of $325 million, consisting of $301 million for Power Delivery, $13 million for Pepco Energy Services, $1 million for Other Non-Regulated and $10 million for Corporate and Other.
[5] Includes tax benefits of $14 million for Power Delivery primarily associated with an interest benefit related to federal tax liabilities and a $22 million reversal of previously recognized tax benefits for Other Non-Regulated associated with the early termination of finance leases held in trust.