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Conosolidated Statements of Cash Flows (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating activities      
Net income $ 582 $ 863 $ 761
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, amortization and accretion 870 1,083 1,135
Deferred income taxes and investment tax credits, net 353 478 220
Deferred fuel cost (credit) (102) (2) 290
Allowance for equity funds used during construction (103) (92) (124)
Amount to be refunded to customers (Note 8C) 288 0 0
Pension, postretirement and other employee benefits 180 198 135
Other adjustments to net income 50 49 136
Cash provided (used) by changes in operating assets and liabilities      
Receivables 175 (200) 26
Inventory (210) 98 (99)
Derivative collateral posted 20 (23) 200
Other assets (23) (1) 14
Income taxes, net 51 90 (14)
Accounts payable (69) 125 (26)
Accrued pension and other benefits (396) (164) (285)
Other liabilities (51) 35 (98)
Net cash provided (used) by operating activities 1,615 2,537 2,271
Investing activities      
Gross property additions (2,066) (2,221) (2,295)
Nuclear fuel additions (226) (221) (200)
Purchases of available-for-sale securities and other investments (5,017) (7,009) (2,350)
Proceeds from available-for-sale securities and other investments 4,970 6,990 2,314
Insurance proceeds 79 64 0
Other investing activities 48 (3) (1)
Net cash provided (used) by investing activities (2,212) (2,400) (2,532)
Financing activities      
Issuance of common stock, net 53 434 623
Dividends paid on common stock (734) (717) (693)
Payments of short-term debt with original maturities greater than 90 days 0 0 (629)
Net increase (decrease) in short-term debt 667 (140) (381)
Proceeds from issuance of long-term debt, net 1,286 591 2,278
Retirement of long-term debt (1,000) (400) (400)
Other financing activities (56) (19) 8
Net cash provided (used) by financing activities 216 (251) 806
Net increase (decrease) in cash and cash equivalents (381) (114) 545
Cash and cash equivalents at beginning of period 611 725 180
Cash and cash equivalents at end of period 230 611 725
Supplemental disclosures      
Cash paid for interest less amount capitalized, net 793 709 701
Cash (received) paid for income taxes (78) (56) 87
Significant noncash transactions      
Accrued property additions 334 313 252
Asset retirement obligation additions and estimate revisions (4) (36) (384)
PEC
     
Operating activities      
Net income 516 602 514
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, amortization and accretion 659 602 585
Deferred income taxes and investment tax credits, net 262 285 64
Deferred fuel cost (credit) 43 79 187
Allowance for equity funds used during construction (71) (64) (33)
Pension, postretirement and other employee benefits 67 78 65
Other adjustments to net income (50) 4 67
Cash provided (used) by changes in operating assets and liabilities      
Receivables 106 (76) 42
Receivables from affiliated companies 31 (11) (4)
Inventory (184) 85 (56)
Other assets (16) (24) 28
Income taxes, net 92 (54) 50
Accounts payable (26) 51 (18)
Payables to affiliated companies (68) 37 (10)
Accrued pension and other benefits (247) (95) (181)
Other liabilities 23 19 (17)
Net cash provided (used) by operating activities 1,137 1,518 1,283
Investing activities      
Gross property additions (1,232) (1,198) (839)
Nuclear fuel additions (211) (183) (122)
Purchases of available-for-sale securities and other investments (571) (489) (696)
Proceeds from available-for-sale securities and other investments 515 437 642
Changes in advances to affiliated companies 2 202 (149)
Other investing activities 28 1 1
Net cash provided (used) by investing activities (1,469) (1,230) (1,163)
Financing activities      
Dividends paid on preferred stock (3) (3) (3)
Dividends paid to parent (585) (100) (200)
Net increase (decrease) in short-term debt 185 0 (110)
Proceeds from issuance of long-term debt, net 495 0 595
Retirement of long-term debt 0 0 (400)
Changes in advances from affiliated companies 31 0 0
Contributions from parent 0 14 15
Other financing activities (1) (4) 0
Net cash provided (used) by financing activities 122 (93) (103)
Net increase (decrease) in cash and cash equivalents (210) 195 17
Cash and cash equivalents at beginning of period 230 35 18
Cash and cash equivalents at end of period 20 230 35
Supplemental disclosures      
Cash paid for interest less amount capitalized, net 199 166 171
Cash (received) paid for income taxes (97) 108 144
Significant noncash transactions      
Accrued property additions 236 198 91
Asset retirement obligation additions and estimate revisions (4) 1 (386)
PEF
     
Operating activities      
Net income 314 453 462
Adjustments to reconcile net income to net cash provided by operating activities      
Depreciation, amortization and accretion 174 446 527
Deferred income taxes and investment tax credits, net 234 324 64
Deferred fuel cost (credit) (145) (81) 103
Allowance for equity funds used during construction (32) (28) (91)
Amount to be refunded to customers (Note 8C) 288 0 0
Pension, postretirement and other employee benefits 62 79 28
Other adjustments to net income 26 44 88
Cash provided (used) by changes in operating assets and liabilities      
Receivables 78 (110) (15)
Receivables from affiliated companies (8) (3) 7
Inventory (26) 13 (43)
Derivative collateral posted 19 (6) 190
Other assets (4) (17) 15
Income taxes, net 51 50 (75)
Accounts payable (46) 79 (11)
Payables to affiliated companies (35) (2) 7
Accrued pension and other benefits (137) (61) (83)
Other liabilities (48) 24 (36)
Net cash provided (used) by operating activities 765 1,204 1,137
Investing activities      
Gross property additions (816) (1,014) (1,449)
Nuclear fuel additions (15) (38) (78)
Purchases of available-for-sale securities and other investments (4,435) (6,386) (1,540)
Proceeds from available-for-sale securities and other investments 4,438 6,390 1,545
Insurance proceeds 76 64 0
Other investing activities 45 (3) (6)
Net cash provided (used) by investing activities (707) (987) (1,528)
Financing activities      
Dividends paid on preferred stock (2) (2) (2)
Dividends paid to parent (510) (50) 0
Net increase (decrease) in short-term debt 233 0 (371)
Proceeds from issuance of long-term debt, net 296 591 0
Retirement of long-term debt (300) (300) 0
Changes in advances from affiliated companies (1) (212) 149
Contributions from parent 0 0 620
Other financing activities (7) (12) (7)
Net cash provided (used) by financing activities (291) 15 389
Net increase (decrease) in cash and cash equivalents (233) 232 (2)
Cash and cash equivalents at beginning of period 249 17 19
Cash and cash equivalents at end of period 16 249 17
Supplemental disclosures      
Cash paid for interest less amount capitalized, net 287 241 228
Cash (received) paid for income taxes (83) (98) 184
Significant noncash transactions      
Accrued property additions $ 93 $ 111 $ 156