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CONDENSED STATEMENTS OF CONSOLIDATED CASH FLOWS (Unaudited) (USD $)
In Millions, unless otherwise specified
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash Flows from Operating Activities:      
Net Income $ 1,086 $ 200 $ 208
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 587 582 480
Amortization of deferred financing costs 12 12 23
Deferred income taxes 149 (6) 16
Extraordinary Item, net of tax (598) 0 0
Return on true-up balance (352) 0 0
Changes in other assets and liabilities:      
Accounts and notes receivable, net (25) 12 44
Accounts receivable/payable, affiliates (1) 1 17
Inventory (9) (2) 5
Accounts payable 19 9 (78)
Taxes receivable 61 (9) (46)
Interest and taxes accrued 4 4 2
Net regulatory assets and liabilities (28) (30) (63)
Other current assets 0 1 (2)
Other current liabilities 24 13 (28)
Other assets 0 0 (3)
Other liabilities (5) 2 (13)
Other, net 1 0 0
Net cash provided by operating activities 925 789 562
Cash Flows from Investing Activities:      
Capital expenditures (606) (566) (442)
Increase in notes receivable from affiliates (111) (610) (289)
Decrease (increase) in restricted cash of transition and system restoration bond companies (3) (5) 26
Cash received from U.S. Department of Energy grant 110 90 0
Other, net (7) 2 28
Net cash used in investing activities (617) (1,089) (677)
Cash Flows from Financing Activities:      
Revolving credit facility, net 0 0 (251)
Proceeds from long-term debt 0 0 1,165
Payments of long-term debt (283) (241) (208)
Decrease in short-term notes payable with affiliates 0 0 (8)
Debt issuance costs (3) 0 (10)
Net cash provided by (used in) financing activities (286) (241) 688
Net Increase (Decrease) in Cash and Cash Equivalents 22 (541) 573
Cash and Cash Equivalents at Beginning of the Year 198 739 166
Cash and Cash Equivalents at End of the Year 220 198 739
Cash Payments:      
Interest, net of capitalized interest 282 292 287
Income taxes (refunds), net 42 111 134
Non-cash transactions:      
Accounts payable related to capital expenditures $ 54 $ 37 $ 28