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CONDENSED STATEMENTS OF CONSOLIDATED INCOME (Unaudited) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Revenues $ 2,337 $ 2,211 $ 2,014
Operation and maintenance 917 849 780
Depreciation and amortization 587 582 480
Taxes other than income taxes 210 207 208
Total 1,714 1,638 1,468
Operating Income 623 573 546
Interest and other finance charges (150) (149) (158)
Interest on transition and system restoration bonds (127) (140) (131)
Return on true-up balance 352 0 0
Other, net 38 32 53
Total 113 (257) (236)
Income Before Income Taxes and Extraordinary Item 736 316 310
Income tax expense 248 116 102
Income Before Extraordinary Item 488 200 208
Extraordinary Item, net of tax 598 0 0
Net Income $ 1,086 $ 200 $ 208